Re: Nymex HH NL1 vs GD/D HSC

This looks good. All we need is to get it into production.

Thanks,

Eric

Dale Neuner 04/27/2000 04:05 PM

To: Eric Bass/HOU/ECT@ECT
cc: Melba Lozano/HOU/ECT@ECT
Subject: Nymex HH NL1 vs GD/D HSC

Please look at this and offer comments or approval to Melba. I am out
tomorrow; Melba can certainly take care of this for you.

The Fixed Price shall be the settlement price for the last scheduled Trading
Day of the NYMEX Henry Hub Natural Gas Futures Contract, modified by the
price submitted by the Counterparty on the website, for the applicable
Determination Period. The Index for a day shall be the Daily Midpoint price
published on such calendar day under the heading "Daily Price Survey" in the
East -Houston - Katy, Houston Ship Channel section of Gas Daily, or if a
calendar day is not a Business Day then the price used shall be the Daily
Midpoint price published on the next suceeding Business Day.