RE:

In the covenants of the debt agreements. If it's not a test in the lenders package, then it is not in the deal.

-----Original Message-----
From: Saunders, James
Sent: Monday, October 29, 2001 7:20 AM
To: Hayslett, Rod
Subject: RE:

Is there a definition of Consolidated Minimumu Tangible Net Worth to work from?

-----Original Message-----
From: Hayslett, Rod
Sent: Monday, October 29, 2001 6:53 AM
To: Saunders, James
Subject: FW:

These would be in the debt tests performed for the lenders. Do you know the answers?

-----Original Message-----
From: Mitchell, David
Sent: Saturday, October 27, 2001 1:36 PM
To: Hayslett, Rod
Subject: FW:

Rod - do you know the answer to the question below?

-----Original Message-----
From: Mitchell, David
Sent: Saturday, October 27, 2001 12:43 PM
To: Fossum, Drew
Cc: Howard, Kevin A.
Subject:

Drew,

Can you confirm that Transwestern has a Consolidated Minimum Tangible Net Worth of $250 million and that Northern Natural does not have a Minimum TNW covenant?

Thanks,

David