Transwestern Capacity Release Report

Attached is the Transwestern Capacity Release Report that provides billing information for July 2001 reservation invoices.

Please be advised that the PG&E (Core) releases exceeded the maximum tariff rate as summarized below (the first three were special calculations based on index spreads and the last one was a fixed rate):

PG&E Energy Trading-Gas Corporation 60,000/day * 31 days * $0.7081 = $1,317,066.00
Sempra Energy Trading Corp. 15,000/day * 31 days * $1.9951 = $ 927,721.50
Texaco Natural Gas, Inc. 50,000/day * 31 days * $0.7468 = $1,157,540.00

Duke Energy Trading and Marketing, LLC 25,000/day * 31 days * $1.1600 = $ 899,000.00

These amounts will be billed to the acquiring shippers and once payments are received, PG&E will subsequently receive reimbursement.

Feel free to contact me should you have any questions.

Thanks,

Elizabeth