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Ned,
Regarding the Waha storage, the west desk does not have a strong need for this storage but we are always willing to show a bid based on the current summer/winter spreads and cycling value. The following assumptions were made to establish our bid: 5% daily injection capacity, 10% daily withdrawal capacity, 1% fuel (injection only), 0.01/MMBtu variable injection and withdrawal fees. Also an undiscounted June 01 to January 02 spread of $0.60 existed at the time of this bid. Bid for a 1 year storage contract beginning June 01 based on above assumptions: $0.05/ MMBtu/Month ($0.60/Year). Demand charges only. I am not sure if this is exactly what you need or not. Please call or email with comments. Phillip Allen
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