RE: TW Presentation.

The "Total 2001 Revenue" number for slide 26 is $179,447,244. The percentages are:

SoCal 30%
Texaco 9%
PG&E 9%
Sempra 8%
BP Energy 6%
Duke 4%
El Paso 4%
Burlington 3%
Agave 3%
USGT 3%
Other Shippers 22% ($38,875,051)

-----Original Message-----
From: Ratner, Michael
Sent: Monday, February 11, 2002 4:51 PM
To: Watson, Kimberly; Zahn, Gary; Saunders, James
Cc: Howard, Kevin A.
Subject: TW Presentation.

Attached is a draft presentation for credit agencies regarding TW. Please take a look at it and provide me with your comments. In particular, I have designated some pages that I think you can help me with, see below. Please feel free to comment on the rest of the presentation too.

Thanks,

Michael

Jim Saunders and Gary Zahn - 26

Kim Watson - 6, 17, 19, 24

<< File: RatingAgencyTW 021102.ppt <<