California Summary from Gas Desk

Attached is some info that begins explaining the issue with gas basis
differentials.

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 05/03/2001
11:02 AM ---------------------------
From: Jay Reitmeyer@ECT on 05/02/2001 05:21 PM
To: Joe Hartsoe/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Ray
Alvarez/NA/Enron@ENRON
cc:

Subject: California Summary

Phillip Allen and Mike Grisgby asked me to update and send a copy of this
California summary to you. I hope the graphs and maps are self-explanatory,
but if you need any help interpreting them, please call me. My number is
713-853-3536 or you can e-mail me.

Jay Reitmeyer