Monthly Report on SLA Activity

pls print thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/12/2001
02:55 PM ---------------------------

From: Patrick Brennan 03/12/2001 12:45 PM

To: Drew Fossum/ET&S/Enron@ENRON
cc: Stanley Horton/Corp/Enron@Enron, Danny McCarty/ET&S/Enron@Enron, Rod
Hayslett/Enron@EnronXGate, Mary Kay Miller/ET&S/Enron@ENRON, Dave
Neubauer/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, Maria
Pavlou/Enron@EnronXGate, Mary Darveaux/ET&S/Enron@ENRON, Bob
Chandler/ET&S/Enron@ENRON, Dan Fancler/ET&S/Enron@ENRON

Subject: Monthly Report on SLA Activity

Attached please find the February 2001 report showing current month activity
in the System Levelized Account (SLA). Information for this report comes
from data provided by Gas Accounting Department. Several items to note for
this, the first distribution:
All non-shaded information on this report reflects the same data as shown on
Exhibit No. 7 which has been provided to Northern's shippers in conjunction
with Docket No. RP01-76-000 data requests. (Only January data has been given
to the shippers at this time.)
Columns (j) and (k) serve to highlight the segregation of the SLA account
into its two components - cash and future liability. The two columns add
together to equal the total amount of the SLA account on the books (Column
(i)).
Column (j) reflects the cash portion of the SLA account, i.e. the actual
amount of cash spent/(received) in maintaining Northern's operational storage.
Column (k) reflects the future liability portion of the SLA account, i.e. the
future amount of cash to be spent/(received) in clearing the Dollar Valued
Volume short/(long) position. It is computed by multiplying the month-end
Dollar Valued Volume short/(long) position by the respective month's MIP.

This file contains both the January and February report. To print each
month's report, simply click on the respective tab.

Call me with any questions.
pmb