Mary Kay,
        It seems that others have benefited handsomely from the volatility in Permian/SanJuan to Cal. border prices.  Interesting, isn't it?
Dan

 -----Original Message-----
From: 	Corman, Shelley  
Sent:	Monday, October 29, 2001 4:39 PM
To:	McCarty, Danny; Harris, Steven; Watson, Kimberly
Subject:	 PG&E 2001 Capacity Release Transactions on Transwestern Pipeline
Importance:	High


FYI

While I have been periodically giving updates on the above max rate capacity release activity, I was surprised by the magnitude of the PG&E value above max. rates.
For the 12 months ended 9/30/01 we had net cash payments to PG&E.  (approx $18 mil revenues to Cal.  + $5.6 revenue on San Juan - $28 million in above max rate capacity release activity = ($4.4) million