Hello All -- Attached is a memo highlighting the issue areas covered by staff at the ICC meeting in Chicago yesterday.  If you have any questions feel free to call.  It was strange to hear Tom Kennedy say that staff supports reasonable hedging practices and forward contract purchases while sitting next to Zuraski who opposed recovery of same in the PGLC fixed price docket.  Incidentally, Tom Kennedy noted several times that hedging will not necessarily reduce prices but will stabilize them.