Barry, trust all is well. 

I just wanted to update you on a couple of things and re-check SMUD's interest.

1. The on again off again PGT assignment of 10,000 MMBTU per day out of Nov. 2002. appears to have surfaced from our counter party again and under the assumption you are still interested I will forward to you latest offer once we have FIRMED it up with the third party. 

2. It is my understanding that you own El Paso - PG&E Topock capacity until May 31, 2003.  ENA has some of the same capacity and is prepared to offer this into the market place from the period June 1, 2003 - May 30, 2006. ( with the renewal rights), PLUS some sort of " Payment " from ENA to SMUD.  Rather than renew your existing capacity at full tolls, this is a way to pick up transport below the normal tariff and retain renewal rights after 2006. 

Pls advise if either of these points capture your interest. 

Thanks in advance, 

Barry Tycholiz