NiSource/ Crossroads- Project Essex II

I wanted to report that since meeting with the Crossroads folks in May they
have owed us information which would allow us to place a new valuation on the
Crossroads acquisition. They have called in twice to ask for more time to
provide the information. Since we have been focusing our attention on Wyoming
and Alberta deals we did not object to their delay.

This week Dan Gavito called in and left the message that in a few days we
might see an announcement that the utility, NIPSCO and the new pipeline
Vector have concluded a deal where NIPSCO will take short haul capacity on
Vector ( to Indiana) and that Vector will interconnect with Crossroads. Dan
called to emphasize that this deal with Vector would have NO impact on
Crossroads continuing conversations with NBP to buy a share in Crossroads.