Dave,

It was great getting a chance to finanlly meet the other night.  Hope you 
enjoyed dinner.

Since then, I've been thinking abt some of our conversation re: the PBR.  I 
have a quick
question - why wouldn't you under withdraw in Feb and over withdraw in Mar if 
Mar is currently
higher than Feb.  You could lock this in by buying Mar forward.  Also,  what 
happens if you
withdraw in Mar and the Summer peaks higher than what you withdrew at?  How 
is this accounted
for?

I'll talk to you after you get back from Houston.

Kevin