Jennifer,

Phillip Allen and Keith Holst indicated that the curve changes in question 
for Socal was simply due to a higher forward market.  Let me know if you have 
any further questions.

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 03/05/2001 
10:31 AM ---------------------------


Jeffrey C Gossett
02/28/2001 02:03 PM
To: Darron C Giron/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Kam 
Keiser/HOU/ECT@ECT
cc:  
Subject: January Gas Curve Validation

Please get responses for these back to Jennifer today.

Thanks
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 02/28/2001 
02:00 PM ---------------------------
   
	
	
	From:  Jennifer Nguyen @ ENRON                           02/27/2001 04:15 PM
	

To: Jeffrey C Gossett/HOU/ECT@ECT
cc:  
Subject: January Gas Curve Validation

Jeff --

Before I send out the memo for January, I have a few questions about 3 curves 
that were reviewed this month.  Attached are Powerpoint slides containg the 
10 curves that were validated for January.  The ones I'm asking you to take a 
look at are:

1)  NGI-SOCAL -- Why the upshift for the entire curve compared to prior 
month?  Why has the shape of the curve changed from (approximately) 1/1/04 
forward compared to the curve from prior month?

2)  IF-MONCHY -- What factors account for differences between the 1/31/01 
curve vs. the 12/29/00 curve for the period between 1/1/01through 1/1/07?

3)  IF-TRANSCO Z3 --  What factors account for the entire curve changing so 
dramatically from last month to this month?



Thanks for your help.

Jennifer