Jeff,
We've got the entire breakdown on "who got what" in the open season.  The 
following is incomplete, but represents the bulk of what was subscribed....

Burlington-  7,000
CEG Energy Options-  37,800
Coral-  15,000
Duke-  212,000
Dynegy- 56,500
El Paso Merchant- 277,000
ENA-  254,000
MGI Supply (Pemex)- 38,000
Oxy-  19,000
PG&E (et al.)- 151,000
SMUD-  10,000
Sempra Trading-  6,500
SoCal- 19,000
Texaco-  58,500
Williams- 11,500

Here's the other EPNG news flash... apparently, EPNG is telling shippers to 
be on the lookout for an announcement next week of another open season to 
gauge shippers interest in a major expansion of its system.  I'm assuming at 
this point this project will include the All American pipeline asset.

I'm also now told that the Kern River expansion may be much larger than what 
we were led to believe a couple of weeks ago.  We heard earlier that they 
were looking at doing a 500 MMcf/d expansion that would include the 124 
MMcf/d expansion already sold.  New information suggests that the 500 MMcf/d 
expansion may be significantly understated, and volumes may approach 700 - 
800 MMcf/d.  The expansion would include not only compression, but would 
involve additional pipe, and would not be rolled into existing rates, but 
would be an incrementally priced project.


 -----Original Message-----
From:  Dasovich, Jeff  
Sent: Tuesday, February 27, 2001 12:23 PM
To: Shapiro, Richard; skean@enron.com; Parquet, David; Chris Calger@ENRON; 
Etringer, Michael; McCubbin, Sandra; Mara, Susan; Kingerski, Harry; Fawcett, 
Jeffery; Scott, Susan; Harris, Steven; Fossum, Drew
Subject: El Paso Merchant may relinquish capacity


----- Forwarded by Jeff Dasovich/NA/Enron on 02/27/2001 12:20 PM -----


	Rebecca W Cantrell@ECT 02/27/2001 10:22 AM 	   To: Barry 
Tycholiz/NA/Enron@ENRON, Colleen Sullivan/HOU/ECT@ECT, Donna 
Greif/HOU/ECT@ECT, James Shirley/HOU/EES@EES, Jane M Tholt/HOU/ECT@ECT, Jeff 
Dasovich/NA/Enron@Enron, Patti Sullivan/HOU/ECT@ECT, Paul 
Kaufman/PDX/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, 
Robert Superty/HOU/ECT@ECT, Roger O Ponce/HOU/EES@EES, Stephanie 
Miller/Corp/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Suzanne 
Calcagno/NA/Enron@Enron, Tori Kuykendall/HOU/ECT@ECT  cc: James D 
Steffes/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron  Subject: El Paso 
Merchant may relinquish capacity



From today's Gas Daily, in case you haven't seen it yet.......

 El Paso Merchant Energy will be passing up on its right of first refusal for 
up to 1.22 billion
cfd of capacity on El Paso Natural Gas, sources said yesterday. El Paso would 
not comment
on the report but said the company would issue a statement soon.
 The capacity, from the San Juan Basin to California, was open for bids until 
Feb. 12, and
El Paso Merchant Energy held a right of first refusal at six receipt points 
until May 31. El Paso
Merchant paid $38.5 million for the capacity, which was previously held by 
Dynegy Energy
Marketing.
 The capacity has been the source of controversy in the wake of California,s 
ongoing energy
crisis, with companies concerned that an affiliated company held the pipeline 
capacity.
The California Public Utilities Commission alleged in a FERC complaint that 
the agreement
between the companies was "rigged" (GD 1/11).
 "There has been a lot of pressure," said Gordon Howald, an analyst with 
Credit Lyonnais
Securities. "Everyone is blaming them for what,s going on in California, 
though I believe
FERC did clear them."
 Howald said that giving up that capacity and allowing the "market to decide 
the value"
would help El Paso on two fronts.
 "It probably makes sense considering the pressure they,ve been under from 
regulators,"
Howald said. And "their pipeline operations could essentially garner some 
higher profitability
if they are able to increase the value of that capacity in an open season." RW