Capitol Area Energy, Inc.

July 3, 2007

David Babin
5105 Pryor Lane
Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS & ELECTRICITY Fax 512-266-4712
www.capitolareaenergy.com

NATURAL GAS NATURAL GAS PRICES

Natural gas futures for August on the NYMEX dropped $ 0.01 Tuesday to settle at $ 6.754 NYMEX Last Change
per MMBtu prior to the 4th of July holiday and as mild weather continued to persist. The
Aug 07 6.754 -0.010
timid weather combined with an Atlantic Ocean forecast without storms in the near-term has
taken away immediate concern of any shortage developing. Floor trading was closed for the 03 Month Strip 6.882 -0.005
Fourth of July holiday and industrial demand decreased as most offices and factories were 06 Month Strip 7.662 +0.008
shut down for the day. Temperatures in the Midwest and Northeast are forecasted to be 12 Month Strip 7.931 +0.013
near normal for this time of year through July 7th. Last week, the EIA reported a storage of
99 Bcf, much greater than expected, compared to a five-year increase of 92 Bcf. The report 18 Month Strip 8.164 +0.015
showed that total storage levels of 2.443 Tcf are still 372 Bcf, or 18%, above the 5-year
average. For this week, look for an injection of 80 to 90 Bcf. For this week, major
resistance is seen at $ 7.10, with minor at $ 6.82, while major support is seen at $ 6.55 and July 2007 Gas Prices
minor at $ 6.690. Point Price
NYMEX 6.929

NYMEX Historical Natural Gas Prices Houston Ship Channel 6.79

Waha Hub 6.52
2005 2006 2007

15.00 EIA GAS STORAGE

Region Bcf Change
10.00 East 1,224 67
West 366 11

5.00 Prod 853 21

Total 2,443 99

0.00
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2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18 If you are interested in receiving
electricity bids, simply complete our
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32 Letter of Authorization and fax it
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 back to 512-266-4712
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The MCPE Average table, listed to the right, is the Market Clearing Price for Energy as
established by ERCOT (Electric Reliability Council of Texas). This is one of many electricity rate
options available to you.
MCPE AVERAGE
For more information on electricity rates and your options, give us a call! ERCOT Ave Change

512-266-4710 Houston 41.14 +0.60

North 41.14 +0.60
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 Capitol Area Energy, Inc.
July 6, 2007

David Babin
5105 Pryor Lane
Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS & ELECTRICITY Fax 512-266-4712
www.capitolareaenergy.com

NATURAL GAS NATURAL GAS PRICES

Natural gas futures dropped $ 0.174 for August on Friday settling at $ 6.444 per MMBtu NYMEX Last Change
after the weekly EIA storage inventory report showed supplies rose at a pace suggesting
Aug 07 6.444 -0.174
storage will reach a record level by the end injection season. Last week’s decline was also
likely due to some of the larger hedge funds selling their positions as they reached 03 Month Strip 6.579 -0.170
maximum losses on their trades. Natural gas has fallen 4.9% since June 29th where it 06 Month Strip 7.372 -0.172
closed at $ 6.773. The next technical support target is $ 6.03, this year’s low, set on 12 Month Strip 7.667 -0.161
January 5th. Forecasts earlier this year of an above-average level of tropical storms and a
warmer-than-normal summer in the U.S. helped push natural gas above $ 8.00, but have yet 18 Month Strip 7.914 -0.153
to pan out. Last week, the EIA reported a storage injection of 78 Bcf, about what was
expected, compared to a 5-year average increase of 86 Bcf. The report showed that total
storage levels of 2.521 Tcf are still 16.9% above the 5-year average. For this week, look for July 2007 Gas Prices
an injection of about 70 to 80 Bcf. Also, for this week, major resistance is seen at $ 8.100, Point Price
with minor at $ 6.55, while major support is seen at $ 6.00 and minor at $ 6.360.
NYMEX 6.929
Houston Ship Channel 6.79
NYMEX Historical Natural Gas Prices
Waha Hub 6.52
2005 2006 2007

15.00 EIA GAS STORAGE

Region Bcf Change
East 1,278 54
10.00
West 376 10
Prod 867 14
5.00
Total 2,521 78

0.00
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2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18
electricity bids, simply complete our
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32 Letter of Authorization and fax it
back to 512-266-4712
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93
Click Here!
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MCPE – Market Clearing Price for Energy an would like notification of
The MCPE Average table, listed to the right, is the Market Clearing Price for Energy as natural gas or electricity rates,
established by ERCOT (Electric Reliability Council of Texas). This is one of many electricity rate please sign up to receive future
options available to you. When using the MCPE rate, your electricity price is calculated using the prices.
average MCPE price for your approximate 30 day billing cycle. For example, if you have a billing Click Here!
cycle of 2/29/2007 through 3/26/2007, the MCPE rate will total daily prices in this range and divide NATURAL GAS &
by the number of days within the cycle. The result will be your cost of energy for the specified ELECTRICITY SIGN UP
cycle. Please note that the MCPE price is listed in mWh (megawatt hours) i.e. $55.00 = $0.055
cents per kWh.
The June MCPE rate closing prices are: Houston $56.33, North $54.97, South $55.23, and West
$56.11. The July Month to Date prices are: Houston $36.93, North $36.79, South $3.87, and West MCPE AVERAGE
$36.79.
ERCOT Ave Change
For more information on electricity rates and your options, give us a call! Houston 44.94 +13.03

512-266-4710 North 44.94 +14.03

South 44.94 +13.43
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West 44.94 +13.98
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 Capitol Area Energy, Inc.
July 16, 2007

David Babin
5105 Pryor Lane
Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS & ELECTRICITY Fax 512-266-4712
www.capitolareaenergy.com

NATURAL GAS NATURAL GAS PRICES

Natural gas futures for August delivery on the NYMEX dropped $0.286 per MMBtu lower NYMEX Last Change
yesterday to settle at $ 6.376 on forecasts for below-normal temperatures and lower
Aug 07 6.365 -0.297
demand in the markets of the Midwest and Northeast. Natural gas futures have not been
lower since January 18th and yesterday's decrease was the largest percentage since 03 Month Strip 6.489 -0.302
February 12th. Forecasters say Chicago will have normal daytime highs of about 84 degrees 06 Month Strip 7.290 -0.264
until this weekend when high temperatures are expected to slide to 77 degrees. New York 12 Month Strip 7.642 -0.210
will decline from above-normal temperatures to as much as 5 degrees below average by the
weekend. Hotter weather now isn't expected until the end of the month. Based on moving 18 Month Strip 7.914 -0.182
averages, technical analysis suggest the next target is $ 6.15. Last week, the EIA reported a
storage injection of 106 Bcf, much higher than expected, compared to a 5-year average
increase of 96 Bcf. The report showed that total storage levels of 2.627 Tcf are now 374 July 2007 Gas Prices
Bcf above the 5-year average. For this week, look for an injection of about 75 to 85 Bcf. For Point Price
this week, major resistance is seen at $ 6.575, with minor at $ 6.430, while major support is
NYMEX 6.929
seen at $ 6.06 and minor at $ 6.30.
Houston Ship Channel 6.79
NYMEX Historical Natural Gas Prices Waha Hub 6.52

2005 2006 2007

EIA GAS STORAGE

15.00
Region Bcf Change
East 1,348 70
10.00
West 383 7
Prod 896 29
5.00
Total 2,627 106

0.00
J F M A M J J A S O N D
◄ LINKS ►
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2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18 electricity bids, simply complete our
Letter of Authorization and fax it
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32 back to 512-266-4712
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 Click Here!
LETTER OF AUTHORIZATION

ELECTRICITY If you are currently under contract

MCPE – Market Clearing Price for Energy an would like notification of
The MCPE Average table, listed to the right, is the Market Clearing Price for Energy as natural gas or electricity rates,
established by ERCOT (Electric Reliability Council of Texas). This is one of many electricity rate please sign up to receive future
options available to you. When using the MCPE rate, your electricity price is calculated using the prices.
average MCPE price for your approximate 30 day billing cycle. For example, if you have a billing Click Here!
cycle of 2/29/2007 through 3/26/2007, the MCPE rate will total daily prices in this range and divide NATURAL GAS &
by the number of days within the cycle. The result will be your cost of energy for the specified ELECTRICITY SIGN UP
cycle. Please note that the MCPE price is listed in mWh (megawatt hours) i.e. $55.00 = $0.055
cents per kWh.
The June MCPE rate closing prices are: Houston $56.33, North $54.97, South $55.23, and West
$56.11. MCPE AVERAGE
For more information on electricity rates and your options, give us a call! ERCOT Ave Change

512-266-4710 Houston 49.69 +2.46

North 49.69 +2.46
South 49.69 +2.45
To remove your name for our mailing list, please click here.
West 49.69 +2.22
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 Capitol Area Energy, Inc.
July 20, 2007

David Babin
5105 Pryor Lane
Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS & ELECTRICITY Fax 512-266-4712
www.capitolareaenergy.com

NATURAL GAS NATURAL GAS PRICES

Natural gas futures dropped $ 0.26 on Friday for August delivery, as more than enough NYMEX Last Change
supply in storage inventories may trap August in a narrow range, according to technical
Aug 07 6.446 -0.260
analysis. Prices may settle into a range of $ 6.23 to $ 6.80 as they currently appear to
emulate a zone of congestion from mid January, based on an analysis of moving averages. 03 Month Strip 6.548 -0.261
It still appears that by November, storage levels without significant hurricane activity, will be 06 Month Strip 7.419 -0.233
about 150 Bcf above last year’s record high level. Last year supply reached 3.458 Tcf. An 12 Month Strip 7.844 -0.203
outlook for hot weather this week in the East had helped to push prices upward, but
forecasters retracted their forecast to delay the arrival of warmer weather until Thursday. 18 Month Strip 8.138 -0.191
The natural gas market opened down at the low for the day of $ 6.27, but headed higher
early, mainly trading on both sides of $ 6.40 until afternoon action when it jumped higher to
$ 6.55 late, before closing on the downturn. Last week, the EIA reported a storage injection July 2007 Gas Prices
of 65 Bcf, on the low end of expectations, compared to an injection of 74 Bcf for the 5-year Point Price
average. For this week, look for an injection of 75 to 85 Bcf. For this week, major
NYMEX 6.929
resistance is seen at $ 6.685, with minor at $ 6.545, while major support is seen at $ 6.235
and minor at $ 6.415. Houston Ship Channel 6.79
Waha Hub 6.52

NYMEX Historical Natural Gas Prices

2005 2006 2007 EIA GAS STORAGE

Region Bcf Change
15.00
East 1,396 48
West 393 10
10.00 Prod 903 7

Total 2,692 65
5.00

◄ LINKS ►
0.00 If you are interested in receiving
J F M A M J J A S O N D electricity bids, simply complete our
Letter of Authorization and fax it
2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18 back to 512-266-4712
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32 Click Here!
LETTER OF AUTHORIZATION
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93

If you are currently under contract

an would like notification of
ELECTRICITY natural gas or electricity rates,
MCPE – Market Clearing Price for Energy please sign up to receive future
The MCPE Average table, listed to the right, is the Market Clearing Price for Energy as prices.
established by ERCOT (Electric Reliability Council of Texas). This is one of many electricity rate Click Here!
options available to you. When using the MCPE rate, your electricity price is calculated using the NATURAL GAS &
average MCPE price for your approximate 30 day billing cycle. For example, if you have a billing ELECTRICITY SIGN UP
cycle of 2/29/2007 through 3/26/2007, the MCPE rate will total daily prices in this range and divide
by the number of days within the cycle. The result will be your cost of energy for the specified
cycle. Please note that the MCPE price is listed in mWh (megawatt hours) i.e. $55.00 = $0.055
cents per kWh.
MCPE AVERAGE
The June MCPE rate closing prices are: Houston $56.33, North $54.97, South $55.23, and West
$56.11. ERCOT Ave Change
Houston 42.39 -2.59
For more information on electricity rates and your options, give us a call!
North 42.39 -2.57
512-266-4710 South 42.46 -2.51
To remove your name for our mailing list, please click here.
West 44.26 -0.71
Questions or comments? E-mail us at newsletter@capitolareaenergy.com
 Capitol Area Energy, Inc.
August 13, 2007

David Babin
5105 Pryor Lane
Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS & ELECTRICITY Fax 512-266-4712
www.capitolareaenergy.com

NATURAL GAS NATURAL GAS PRICES

Natural gas futures for September slipped $ 0.026 yesterday to settle at $ 6.794 per NYMEX Last Change
MMBtu as traders tried to assess what risk a possible hurricane poses to the Gulf of Mexico
Sep 07 6.794 -0.026
production. The National Weather Service said 2 storms are brewing, one in the Atlantic,
and one in the Caribbean Sea. One system is located is the far eastern Atlantic. There’s 03 Month Strip 7.220 -0.022
certainly no threat to the US at this time. Hurricane forecasters are also watching a large 06 Month Strip 8.026 +0.008
tropical wave over the northwestern Caribbean Sea which is expected to move into the Gulf 12 Month Strip 8.097 +0.026
today or tomorrow. However, conditions aren’t conducive for the system to strengthen. The
natural gas market opened up and headed higher early, hitting the daily peak of $ 7.12 18 Month Strip 8.380 +0.029
about mid-morning and then dipping back and mainly trading on both sides of $ 6.90 until
late, when dropped to the low for the day of $ 6.74, before closing on the upswing. Last
week, the EIA reported a storage injection of 42 Bcf, slightly less than expected, compared August 2007 Gas Prices
to a withdrawal of 7 Bcf a year ago. The report showed that total storage levels of 2.882 Tcf Point Price
are still 407 Bcf above the 5-year average. For this week, look for an injection of about 10
NYMEX 6.11
to 20 Bcf. For this week, major resistance is seen at $ 7.540, with minor at $ 6.910, while
major support is seen at $ 6.120 and minor at $ 6.610. Houston Ship Channel 5.64
Waha Hub 5.48

NYMEX Historical Natural Gas Prices

2005 2006 2007 EIA GAS STORAGE

Region Bcf Change
15.00
East 1,544 33
West 406 5
10.00 Prod 932 4

Total 2,882 42
5.00

◄ LINKS ►
0.00 If you are interested in receiving
J F M A M J J A S O N D electricity bids, simply complete our
Letter of Authorization and fax it
2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18 back to 512-266-4712
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32 Click Here!
LETTER OF AUTHORIZATION
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 6.11

If you are currently under contract

an would like notification of
ELECTRICITY natural gas or electricity rates,
MCPE – Market Clearing Price for Energy please sign up to receive future
The MCPE Average table, listed to the right, is the Market Clearing Price for Energy as prices.
established by ERCOT (Electric Reliability Council of Texas). This is one of many electricity rate Click Here!
options available to you. When using the MCPE rate, your electricity price is calculated using the NATURAL GAS &
average MCPE price for your approximate 30 day billing cycle. For example, if you have a billing ELECTRICITY SIGN UP
cycle of 2/29/2007 through 3/26/2007, the MCPE rate will total daily prices in this range and divide
by the number of days within the cycle. The result will be your cost of energy for the specified
cycle. Please note that the MCPE price is listed in mWh (megawatt hours) i.e. $55.00 = $0.055
cents per kWh.
MCPE AVERAGE
The June MCPE rate closing prices are: Houston $56.33, North $54.97, South $55.23, and West
$56.11. ERCOT Ave Change
Houston 69.42 +13.79
For more information on electricity rates and your options, give us a call!
North 69.42 +13.80
512-266-4710 South 69.42 +13.78
To remove your name for our mailing list, please click here.
West 69.42 +13.25
Questions or comments? E-mail us at newsletter@capitolareaenergy.com
 Capitol Area Energy, Inc.
August 17, 2007

David Babin
5105 Pryor Lane
Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS & ELECTRICITY Fax 512-266-4712
www.capitolareaenergy.com

NATURAL GAS NATURAL GAS PRICES

Natural gas futures for September on the NYMEX ended $ 0.135 higher Friday to settle at $ NYMEX Last Change
7.01 per MMBtu, as Hurricane Dean strengthened while moving toward the Gulf of Mexico.
Sep 07 7.010 +0.135
Natural gas prices have risen 18% since closing at $5.949 per MMBtu on July 24th. Prices
rose to a record in 2005 after Hurricane Katrina decimated platforms, pipelines and 03 Month Strip 7.320 +0.109
refineries on the Mississippi and Louisiana coasts. Royal Dutch Shell shut 2 wells in the 06 Month Strip 7.970 +0.030
Gulf of Mexico and evacuated more personnel from platforms which may be in the track of 12 Month Strip 8.037 +0.023
Hurricane Dean. The sub-sea wells, which are linked to the Brutus platform, pumped 2,000
barrels of crude and 2 MMcf per day of natural gas. Shell had already shut about 5 MMcf 18 Month Strip 8.315 +0.014
per from the North Padre Island 975 field, 75 miles southeast of Corpus Christi, Texas,
before Tropical Storm Erin entered the Gulf last week. The natural gas market opened up
and rose early, mainly trading on both sides of $ 7.05 until hitting the daily peak of $ 7.125 August 2007 Gas Prices
about noon, but then it turned and dropped quickly to the low for the day of $ 6.92, before Point Price
heading mostly higher in afternoon action. Last week, the EIA reported a storage injection of
NYMEX 6.11
21 Bcf, a little higher than expected, compared to an injection of 30 Bcf a year ago. The
report showed that total storage levels of 2.903 Tcf are now 371 Bcf above the 5-year Houston Ship Channel 5.64
average. For this week, look for an injection of about 10 to 20 Bcf. Also, for this week, Waha Hub 5.48
major resistance is seen at $ 7.390, with minor at $ 6.7140, while major support is seen at
$ 6.310 and minor at $ 6.800. Remember, we are in hurricane season. Prices are going to
fluctuate a great deal on a daily and weekly basis dependent upon weather activity. That
being said, we cannot always panic. We have to be patient until these levels are breached EIA GAS STORAGE
and no longer attainable or the weather clears out and prices succumb to a range where Region Bcf Change
they should be.
East 1,573 29

NYMEX Historical Natural Gas Prices West 411 5

Prod 919 -13
2005 2006 2007
Total 2,903 21

15.00
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10.00 electricity bids, simply complete our
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J F M A M J J A S O N D
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2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18 natural gas or electricity rates,
please sign up to receive future
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32 prices.
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NATURAL GAS &
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NOAA HURRICANE SEASON OUTLOOK

The NOAA (National Oceanic & Atmospheric Administration) scientists are predicting an 85% chance of
an above-normal season, with the likelihood of 13 to 16 named storms, with 7 to 9 becoming
MCPE AVERAGE
hurricanes, of which 3 to 5 could become major hurricanes with a strength of 3 or higher.
So far this season, there have been 4 Atlantic named storms (Andrea, Barry, Chantal and Dean), which ERCOT Ave Change
is slightly above average. On average, one to two storms develop in June and July. The Atlantic Houston 102.66 +44.31
hurricane season runs from June 1 through November 30. www.noaanews.noaa.gov
North 85.04 +23.06
South 96.70 +40.99
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West 75.58 +11.69
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