Operational

Transportation Note

To facilitate the transition of El Paso Natural Gas operational headquarters from El Paso, TX to Colorado Springs, CO, the pipeline is suspending the cash-out tariff for the current production month. No automatic triggering of cash-out will occur, El Paso said. Cash-out notification requirements will resume in August with the processing of July results. Imbalance paybacks and makeups will continue to be accommodated using existing procedures for resolving physical imbalances.

June 19, 2001

NV Utilities Try Not to Become Engulfed by CA Crisis

Taking steps to ensure Nevada does not fall prey to the”financial and operational chaos” of the California energy market,Sierra Pacific Resources introduced an emergency package ofproposed long-term contracts, tiered price increases, low incomeassistance and conservation programs to stabilize energy markets inNevada.

February 5, 2001

NV Utilities Try Not to get Engulfed by CA Crisis

Taking steps to ensure Nevada does not fall prey to the”financial and operational chaos” of the California energy market,Sierra Pacific Resources introduced an emergency package ofproposed long-term contracts, tiered price increases, low incomeassistance and conservation programs to stabilize energy markets inNevada.

January 30, 2001

El Paso Says It’s Open to Western Pipeline Expansion Given Market Support

El Paso Natural Gas “is willing to expand its system” to the California border if “sufficient support” for such a project can be demonstrated through long-term capacity contracts, the pipeline told FERC last week.

January 22, 2001

FERC Restructures California Power Market

Responding to a California power market gone haywire andteetering on the brink of operational and financial disaster, FERCFriday issued a series of remedial measures, virtually strippingthe Cal-PX and Cal-ISO of their control of the market and callingmarket stakeholders together to negotiate bilateral forwardcontracts.

December 18, 2000

FERC Restructures California Power Market

Responding to a California power market gone haywire and teetering on the brink of operational and financial disaster, FERC Friday issued a series of remedial measures, virtually stripping the Cal-PX and Cal-ISO of their control of the market and calling market stakeholders together to negotiate bilateral forward contracts.

December 18, 2000

Coral and Pemex Team for Border Crossing

Today began with one more operational cross-border natural gaspipeline in place than there was last month, as Coral Energy andMexico-based Petroleos Mexicanos (Pemex) announced yesterday thecompletion of their 104-mile pipeline linking the Pemex pipelinesystem at Arguelles in the Mexico state of Tamaulipas, with Coral’spipeline system on the King Ranch in South Texas.

October 24, 2000

Transportation Notes

Northwest continued to bar any on-system balancing or bankingMonday, saying its operational flexibility was “severely limited”by storage accounts being almost full.

August 15, 2000

Shippers Protest KMI’s Order 637 Tariff Changes

Kinder Morgan Interstate Gas Transmission (KMI) has attempted anend run around FERC’s Order 637, filing wide-ranging operationaland rate changes early under expedited tariff procedures to avoidthe more rigorous review in store for compliance filings, accordingto customer protests.

June 22, 2000

PG&E Settlement Approved; SoCal Still Stalled

California regulators approved a settlement last week dealingwith Pacific Gas and Electric’s imbalance procedures andoperational flow orders (OFO). The California Public UtilitiesCommission (CPUC) however, did not act on the much tougher issuesincluded in the proposed interim and comprehensive settlementsfiled earlier this year by Southern California Gas.

May 22, 2000