Once considered the most complex solution, we are now driven by our customer focus, as well as the need to minimize costs, to look at simplifying our value proposition and the underlying solutions to meet their needs at a lower cost. To that end, we are moving our solutions through the following stages of simplification: Continuous Capacity, Pricing & Invoicing -- We have combined the pipeline capacity release component of our Transportation Management and Commodity Management solutions, and we now offer continuous capacity, pricing, and invoicing. This approach is similar to the capacity auction and transportation rate components of our Transportation and Commodity Management solutions, respectively, and it is much simpler. Customers are able to release or bid on capacity for bundled, long-term periods; as a result, pipeline shippers and marketers can better predict future availability and pricing as a single entity. All pricing occurs at the bundle level, greatly simplifying our processes, and making it easier to compare apples to apples in our commodity rates and tariffs. The new Auction component has been renamed the Spot component. In our early discussions with customers, many were receptive to the simplification of our Capacity and Rate offerings, however, their adoption of these simplifications has been slow. However, with their buy-in to the Socal Window, they are beginning to see how this simplification will help them through the year and with our new continuous auction, it is anticipated that we can achieve at least 75% adoption within three months. Commodity Product Standardization -- Based on a comprehensive evaluation of the Gas Industry, coupled with extensive customer feedback, we are in the process of simplifying the physical products that comprise our Commodity Management and Transportation Management solutions. This has been a time consuming process, but one of the most important we have performed since our inception. In the end, we will be able to offer standardized physical product, which will result in more accurate commodity exposure and a simplified commodity invoice format. As an example of a commodity product, our Physical Gas will be offered as a single product for both a fixed and variable rate, with a simplified, single commodity rate and commodity invoice format. This type of simplicity was not previously possible, as the commodity component of our fixed-variable rates have been broken out line-by-line, using the volume submitted in our Transportation Management and Commodity management solutions. Now, under our simplified approach, the customer is only required to submit one rate, one invoice, and one commodity rate component. Pipeline Shippers -- To comply with our global bid process, we had to allow our customers to bid into and release capacity in a seamless fashion. To accommodate this, we developed a global capacity block function which allows our shippers to bid on specific capacity releases rather than a month or a rate period. With this functionality, a shipper can bid on the capacity that they want and not have to watch an auction, nor do they need to keep track of the various releases of capacity that may occur. The Gas Industry has standardized capacity blocks. As an example, a shipper will bid on a capacity release that is for a fixed and variable period of time. In addition, there is a bid and release component. Based on this example, a new rate will be created for the shipper, and the capacity release will be for a particular period of time. The release component is a function of the fixed and variable components of the capacity block and the bid component also defines the capacity block. The result is a set of capacity releases that are seamless with the global bidding process. In the end, these capabilities will not only simplify our processes, but will be an important component to the success of our customer's wholesale business. As always, I welcome your thoughts and ideas on how we can improve this process. Thanks! Randy