Current News

12/22/08 0133PM Production and Receipt Meter UpgradesAs a result of exhaustive research and new information gathered over the past year, Bentek will be updating meta-data attributes assigned to receipt and production meter points that are classified as Production, Processing Plant, Gathering Company, and Gas Treatment Plant. These changes will be implemented during the week of December 29th. Specifically, we will be assigning or changing the Basin ID on numerous points. These points include production points from National Fuel Gas Supply that were entered into the database in September, production points on Columbia Gas Transmission Corporation (TCO) that were entered into the database in August, as well as several other production meter points from various pipeline systems. The changes to meta-data attributes will likely change the configuration and classification of certain points in Supply Market Model xls sheets. The report total sample will not change significantly. Additionally, these new point attributes will be available to Data Warehouse users in new queries by Basin. Older queries will not be automatically updated. After the updates are completed, every receipt production meter in the Bentek database will have a Basin ID assigned to its meta-data profile which provides a more accurate picture of production by basin.

12/19/08 0355PM Critical - El Paso - Force Majeure Event - Gresham #1 (7587)El Paso Natural Gas - Notice Notice Number: 7587 El Paso Natural Gas Company Notice Force Majeure Event - Gresham #1 December 19, 2008 The Gresham #1 vibration problem will necessitate the unit being down until the problem can be repaired. Per Section 7.2 of the El Paso Natural Gas Company FERC Gas Tariff, this outage qualifies as a Force Majeure event, i.e., ’breakage or accident to machinery.’ The Force Majeure impact will be a reduction of 50 MMcf/d a Waha West beginning Gas Day December 19 (Cycle 4). Refer to the UPDATED December Maintenance Notice #7586 for the South Mainline at Waha reduction thru December 22. If more time is needed for repairs, the December Maintenance will once again be updated to reflect the new date. For scheduling questions, please call your scheduling representative at (800)238-3764. For operational and capacity questions, please call Ronnie Ford at (719)667-7712. For press inquiries, please call Media Relations at (713) 420-6828. Ronnie Ford Gas Control

12/19/08 0557AM Critical - El Paso - SOC Declaration - Location Specific PACK Condition (7580)El Paso Natural Gas - Notice Notice Number: 7580 El Paso Natural Gas Company Notice SOC Declaration - Location Specific PACK Condition December 18, 2008 Effective: December 19, 2008 Imbalance tolerance: 10% El Paso Natural Gas Company (’EPNG’) is declaring a Strained Operating Condition (’SOC’) for a Pack condition specific to the following locations effective Gas Day December 19 with the imbalance tolerance set initially at 10 percent: DSWG N78 DSWG S78 DSWG PHW DSWG PHX DAPS PHX IGILARVR The milder weather in the Phoenix area in combination with actual takes below scheduled quantities has resulted in a high linepack condition with the system linepack currently at 7,910 MMcf. An SOC warning was issued on December 18, 2008 (Notice No. 7574) along with two updates (Notice No. 7576 and 7578). Washington Ranch is on maximum injection. Customers are strongly encouraged to monitor their transportation to ensure that takes are in balance with their supplies and to ensure their scheduled supplies are performing as expected. All customers are encouraged to submit intraday nominations to align scheduled quantities to actual receipt and delivery quantities. If the situation fails to improve, additional points may be added, the SOC imbalance tolerance could be reduced further and/or a Critical Operating Condition may be declared. Interruptible Storage Service (’ISS’) will be suspended effective December 19 until further notice. Interruptible Hourly Swing Service (’IHSW’) will not be affected at this time. Key Reminders When Managing Your Business during an SOC: 1. Please refer to the SOC/COC screens in Passport under Flowing Gas to see the results of allocated quantities which are the basis for determining whether a Shipper has exceeded the SOC tolerance. 2. Once the imbalance allocated to a contract on an SOC day exceeds the greater of the SOC percentage tolerance or 2,000 Dth, an SOC penalty will be assessed on the total daily imbalance quantity for that day. See Section 33.1(i) of the General Terms and Conditions (’GT&C’) of El Paso’s Volume No. 1-A FERC Gas Tariff (’Tariff’). 3. If a Shipper incurs multiple penalties on an SOC day, you will be charged the higher of the (i) Hourly Scheduling Penalty, (ii) Daily Unauthorized Overrun, (iii) MDO/MHO Violation (if Operator and Shipper are the same party), or (iv) SOC/COC imbalance penalty. On an SOC day, Hourly Scheduling Penalties, Daily Unauthorized Overruns, and MDO/MHO Violations will be assessed at the Critical Condition rate of 10 times Monthly System Cashout Price (see Sheet No. 28G of the Tariff), except that the hourly scheduling penalty and daily unauthorized overrun penalty assessed for actions in the opposite direction of the SOC in the affected area will be billed at the non-critical condition rate. (See Section 33.9 of the GT&C of the Tariff) 4. Shippers may enter a catch-up nomination on the subsequent gas day to mitigate the previous gas day’s SOC penalty pursuant to the provisions of Section 33.1(j) of the GT&C of the Tariff. Please direct any questions regarding the SOC/COC screens or potential penalties to the Customer Service Hotline at 1-877-520-3797. For scheduling questions and questions about catch-up nominations, please call your scheduling representative at (800) 238-3764. For operational and capacity questions, please call Kevin Johnson at (719) 667-7569 or Bud Wilcox at (719) 667-7710. For press inquiries, please call Media Relations at (713) 420-6828. Kevin Johnson Gas Control

12/18/08 1012AM Bentek Holiday ScheduleIn observance of the winter holidays, Bentek Energy will not be publishing reports on Christmas Day, December 25th or New Years Day, January 1st. Reports will be published on Friday, December 26th and Friday, January 2nd. Additionally, the Weekly SE/Gulf Observer will not be published on Christmas Day, December 25th but will be published during New Year’s week on Wedenesday, December 31st. The Weekly California Observer will come out one day early on December 23rd.

12/18/08 0631AM Critical - PG&E - System Wide OFO Low InventoryPacific Gas and Electric Company OFO/EFO Outlook Gas Day Activity Tolerance Stage/Noncompliance Charge Reason 12/19/2008 System Wide OFO in Effect 5% Stage 2 at $1.00/Dth Low Inventory

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