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From:victor.lamadrid@enron.com
To:donna.greif@enron.com, robert.allwein@enron.com,l..driscoll-ernest@enron.com, clarissa.garcia@enron.com, scott.goodell@enron.com, meredith.homco@enron.com, scott.loving@enron.com, chris.ordway@enron.com, christina.sanchez@enron.com, robert.superty@e
Subject:FW: Minority\Majority Cashout Indices - December, 2001
Cc:l..kelly@enron.com, lia.halstead@enron.com, chuck.ames@enron.com,f..brawner@enron.com, chris.germany@enron.com, f..keavey@enron.com, brad.mckay@enron.com, jonathan.mckay@enron.com, scott.neal@enron.com, andrea.ring@enron.com, craig.taylor@enron.com,
Bcc:l..kelly@enron.com, lia.halstead@enron.com, chuck.ames@enron.com,f..brawner@enron.com, chris.germany@enron.com, f..keavey@enron.com, brad.mckay@enron.com, jonathan.mckay@enron.com, scott.neal@enron.com, andrea.ring@enron.com, craig.taylor@enron.com,
Date:Thu, 10 Jan 2002 12:11:35 -0800 (PST)



-----Original Message-----
From: CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent: Thursday, January 10, 2002 11:38 AM
Subject: Minority\Majority Cashout Indices - December, 2001

January 10, 2002

To: Transcontinental Gas Pipe Line Corporation Customers
and Shippers

Re: Minority\Majority Cashout Indices - December, 2001

***************** NONPENALTY PRICE REFERENCES *****************

MAJORITY MAJORITY
FT MINORITY (<= 2.5% or 1,000 dt) ( < 2.5% )
------ ------------ --------------------- ------------
Zone 1 $2.2570 SELL $2.01944 BUY $1.8650 BUY
Zone 2 2.2840 BUY 2.54984 SELL 2.6700 SELL
Zone 3 2.3110 BUY 2.67764 SELL 2.7200 SELL
Zone 4 2.3239 BUY 2.59037 SELL 2.7347 SELL
Zone 5 2.3810 BUY 2.79276 SELL 2.7998 SELL
Zone 6 2.4272 BUY 2.82083 SELL 2.8524 SELL

MAJORITY MAJORITY
IT MINORITY (<= 2.5% or 1,000 dt) ( < 2.5% )
------ ------------ --------------------- ------------
Zone 1 $2.2570 SELL $2.01944 BUY $1.8650 BUY
Zone 2 2.2840 BUY 2.54984 SELL 2.6700 SELL
Zone 3 2.3110 BUY 2.67764 SELL 2.7200 SELL
Zone 4 2.3646 BUY 2.63107 SELL 2.7754 SELL
Zone 5 2.5667 BUY 2.97846 SELL 2.9855 SELL
Zone 6 2.7214 BUY 3.11503 SELL 3.1466 SELL

MAJORITY MAJORITY
FTG MINORITY (<= 2.5% or 1,000 dt) ( < 2.5% )
------ ------------ --------------------- ------------
Zone 1 $2.2570 SELL $2.01944 BUY $1.8650 BUY
Zone 2 2.2840 BUY 2.54984 SELL 2.6700 SELL
Zone 3 2.3110 BUY 2.67764 SELL 2.7200 SELL
Zone 4 2.3917 BUY 2.65817 SELL 2.8025 SELL
Zone 5 2.6905 BUY 3.10226 SELL 3.1093 SELL

MAJORITY MAJORITY
FTNT MINORITY (<= 2.5% or 1,000 dt) ( < 2.5% )
------ ------------ --------------------- ------------
Zone 6 $2.3340 BUY $2.69134 SELL $2.7200 SELL

For information concerning cashout transactions, please contact
your Customer Services representative or Jane Yang at (713)
215-3462 in the Rates Department.

Stella Yu
Manager - Rate Systems
(713) 215-3381