FW: Transco Files Motion For Modification of Settlement

Refunds are always so much fun. I suppose we would need to give some back to
BUG if this happens.
---------------------- Forwarded by Chris Germany/HOU/ECT on 10/08/2000 11:21
AM ---------------------------

"Immer, Ingrid" <Ingrid.Immer@Williams.com< on 09/25/2000 10:42:54 AM
To: "Brown, Daryl" <Daryl.Brown@Williams.com<, "Fiser, Michael"
<Michael.Fiser@Williams.com<, "'jfoard@coral-energy.com'"
<jfoard@coral-energy.com<, "'scalcagno@keyspanenergy.com'"
<scalcagno@keyspanenergy.com<, "'eanderson@keyspanenergy.com'"
<eanderson@keyspanenergy.com<, "'david.caffery@pseg.com'"
<david.caffery@pseg.com<, "'rod.mullin@nypa.gov'" <rod.mullin@nypa.gov<,
"'jtownse@enron.com'" <jtownse@enron.com<, "'cgerman@enron.com'"
<cgerman@enron.com<, "'john.hodge@enron.com'" <john.hodge@enron.com<
cc:
Subject: FW: Transco Files Motion For Modification of Settlement

Just wanted to make sure all of you saw this notice that we posted on the
bulletin board last week.? This may mean significant $$$ for some of you.? In
brief, we are filing a request to make an early partial refund.? The refund
is related to the rate of return settlement in our last rate filing.?
According to the rate case proceedings, the refund is not due until a final
non-appealable order is issued, but we are requesting permission to do a
partial refund sooner (around Oct 31).? As the bulletin states, if your
company wishes to wait to receive its full refund after the final,
non-appealable order, please notify me or another Transco rep.

Happy Halloween.?? ii

-----Original Message-----
From:?? CustomerNotices, WGPHOU
Sent:?? Friday, September 22, 2000 4:08 PM
To:???? Alatorre, Hector; Alvarado, Orlando; Ambler, Margie; Anderson, Toi;
Avioli, James; Blodgett, Kerry; Bowman, Terri; Buhrke, Cathy; Casey, Melissa;
Catlett, Laurie; Conley, Allan; Cordray, Stan; Cortez, Diama; Cox, Ann;
Doyle, Ronald; Eaton, John; Egner, Paul; Fitch, Terry; Flores, Gloria;
Gallerano, John; Gensler, Quentin; Hargrove, Nancy; Heiser, Suzanne; Helburg,
Charles; Higginbotham, Keith; Hungate, Cynthia; Immer, Ingrid; Kelley, James;
Kelley, Nancy; King, Mable; Kleiner, Margaret; Laird, Mary; Laughlin, Helen;
Laurel, Liz; Lindloff, Monty; Lobdell, Julie; Loggins, Kenneth; Lowrey,
Roseanne; McCauley, Laurie; Mingen, Michele; Mott, Louella; Muenster, Kay;
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Ramos, Mary; Roberts, Jan; Robertson, Constance; Rush, Russell; Sansom,
William; Scott, Mark; Shaull, Barbara; Silvas, Elizabeth; Smith, Elsie;
Stevens, Paula; Swanson, Debbe; Taormina, Victoria; Taylor, Charles; Taylor,
Janice; Thornton, Suzanne; Wahlstrom, Scottie; Walleck, Lynn; Watson-Combre,
Cassandra

Subject:??????? Transco Files Motion For Modification of Settlement

September 22, 2000

To:? Transcontinental Gas Pipe Line Corporation Customers and
Shippers

Re: Transco Files a Motion for Modification of Settlement to
??? Permit Interim Partial Refunds
??? Docket Nos. RP97-71-000 and RP97-312-000

In response to certain customers' requests, Transco submits a
Motion for Modification of Settlement to Permit Interim Partial
Refunds in the above-captioned proceedings. By this motion,
Transco requests that the Commission modify Article V of the
January 20, 1998 Stipulation and Agreement to permit Transco to
make an interim partial refund of amount to Non-Contesting
Parties, if any, related to the Capital Structure/Rate of Return
Issues on or about October 31, 2000. The refund is being made to
parties in advance of the date that such refunds are due as set
forth in the Stipulation and Agreement, in part to help mitigate
the effects of current high natural gas prices on their
customers. For further detailed information of the Motion filed
at the Federal Energy Regulatory Commission, please refer to
Transco's filing today in the above mentioned dockets.

Specifically, Transco proposes to make interim partial refunds on
or about October 31,2000 to Non-Contesting Parties related to the
Capital Structure/Rate of Return Issues. Transco will refund to
those customers with interest from the date of payment to the
date of refund, the amount, if any, collected from May 1, 1997
through February 29,2000 in excess of the amount that would have
been collected under the Settlement Rates as adjusted by the
Commission's findings in its March 17, 2000 order in Docket No.
RP97-71-000 on the Capital Structure/Rate of Return Issues,
subject to the "refund floor". These interim partial refunds will
be made on a lump sum basis, and will not be accompanied by any
supporting documentation. However, supporting documentation for
the principal and the interest calculation will be available upon
request.

If a Non-Contesting Party does not wish to receive an interim
partial refund, and wishes instead to await issuance of a final
Commission order no longer subject to rehearing on the Capital
Structure/Rate of Return issues prior to receiving any refunds
related to those issues, Transco requests that such Non-
Contesting Party notify its customer service representative, on
or before October 25, 2000, of its election not to participate in
the interim partial refunds.

Stella Yu
Manager of Rate and Tariff Implementation
(713) 215-3381