Report on Technical Conference on El Paso's Receipt Point

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The attached report summarizes the discussions at the subject technical conference held in D.C. on July 18 and 19. Copies of documents referenced in the report are available on request. Please let me know if you would like any of them.

More was accomplished at the conference than I expected. Note that a follow-up conference is tentatively scheduled for August 28. I think the full requirements customers have finally gotten the message that they will have to accept some defined level of service. It was also clear that El Paso does not have sufficient capacity to serve everybody's full load all the time and they will have to, at the least, credit demand charges when they cannot serve their firm shippers, and may even be required to expand their system.