Re:

Joe:
I just wanted to run this past you...
John
---------------------- Forwarded by John Arnold/HOU/ECT on 09/27/2000 12:05
PM ---------------------------
To: John Arnold/HOU/ECT@ECT
cc: Joseph Deffner/HOU/ECT@ECT, Tim DeSpain/HOU/ECT@ECT
Subject: Re:

John:

I don't mind cleaning up their books at quarter end. However,at year end I
will want to keep the debt off of my books. As we approach year-end this
year could you please coordinate with Joe Deffner so that we take advantage
of the margin lines we have available in order to minimize the debt on our
books.

Thanks,

Ben

John Arnold
09/26/2000 07:12 PM
To: Ben F Glisan/HOU/ECT@ECT
cc:
Subject:

Ben:
Jeff Shankman gave me your name. I have assumed Jeff's old responsibilities
as head of the natural gas derivatives trading group. Our broker, EDF MAN,
supplies us with $50 million of margin financing every night. They are
trying to clean up their books for end of quarter and/or year on Sep 30.
They have asked if we can post the $50 million overnight on the 30th. We did
this last year as well. Please advise,
John