We did release it for March, but there is a revenue sharing mechanism in place because TW released the space for us.

The normal demand charge on the contract is $.06 per day.  For March, TW released the space at $.102 and TW gets 50% of the revenue from the release which is calculated as   (.102 - .06) x 50% = $.021.  

ENA's effective demand charge for March is (.102 - .06) x 50% +.06 = $.081 which is the rate we put in sitara #1199508.  We were not sure how TW would show this on the bill for March.

I also changed the demand charge calculation on deal 1190537 (this ticket records the demand charge as and ENA expense).  It was taking the demand rate of $.06 times 700,000 dth per month.  I changed the volume to 25,000 dth per day.

Questions?

Contract	MDQ		Release Rate	Replacement Shipper			Sitara #'s 
24924		25,000		$.1020 per day	Burlington Resources			1190537 / 1199508


 -----Original Message-----
From: 	Garza, Maria  
Sent:	Wednesday, April 10, 2002 10:00 AM
To:	Germany, Chris
Subject:	RE: TW Capacity Release for April 2002

Thanks...

Did we do this for March...I don't remember...

 -----Original Message-----
From: 	Germany, Chris  
Sent:	Wednesday, April 10, 2002 9:48 AM
To:	Garza, Maria
Cc:	Concannon, Ruth; Wynne, Rita; Greif, Donna; Germany, Chris; Dinari, Sabra L.
Subject:	TW Capacity Release for April 2002

I released the following capacity for April 2002 on TW and I updated Sitara with the capacity release information.

Contract	MDQ		Release Rate	Replacement Shipper			Sitara #'s 
24924		25,000		$.1025 per day	BP Energy			1190537 / 1204524