We have 200,000 mmbtu/day of "Block II" capacity available through May 31, 2006.
It is labeled "Block II" because PG&E owns recall rights on the entire block through 12/31/2005.
The ROFR rights that go with this capacity add a tremendous amount of value (i.e.
market rates with short term commitment vs. 15 - 20 year obligation of new build)  Capacity currently has access to all supply basins.
However, the current FERC proceedings on receipt point reallocations will probably result in a supply split of 60% San Juan and 40% Permian.
Rates for the capacity and my Duke proposal are attached.
Please call if you have any questions.

PG&E Capacity
We have <NUMBER> mmbtu/day of "Block II" capacity available through May <NUMBER>, <NUMBER>.
It is labeled "Block II" because PG&E owns recall rights on the entire block through <NUMBER>/<NUMBER>/<NUMBER>.
The ROFR rights that go with this capacity add a tremendous amount of value (i.e.
market rates with short term commitment vs. <NUMBER> - <NUMBER> year obligation of new build) Capacity currently has access to all supply basins.
However, the current FERC proceedings on receipt point reallocations will probably result in a supply split of <NUMBER>% San Juan and <NUMBER>% Permian.
Rates for the capacity and my Duke proposal are attached.
Please call if you have any questions.
market rates short supply basins obligation new build point reallocations block ii capacity mmbtu pg owns term ferc proceedings receipt san juan number