Outline of TW Options Program

Nancy, I've prepared the attached outline in response to FERC Staff's request
that we provide "something in writing." This is basically just a description
of our proposal. I've tried to keep it brief so that staff members are not
reading while we're trying to talk to them. It should be enough information
to raise a lot of questions.

Please wait until Shelley or I give you the go-ahead to pass this along to
the relevant Commission people; I'd like to give the other addressees the
opportunity to comment on this to the extent possible.

Everyone else: please give me your comments ASAP as Nancy has been asked to
provide something to them tomorrow.