Enron Mail

From:russell.murrell@enron.com
To:dan.hyvl@enron.com
Subject:PERC index pricing
Cc:
Bcc:
Date:Wed, 27 Sep 2000 02:02:00 -0700 (PDT)

The Index for pricing in the PERC contracts is based on the average of the
"spot" price and the "citygate" price as follows:

Calculation of spot price (C):

C = (A+B)/2
Where A is the low and B is the high of the range as reported in the first
publication of the billing month of "Inside F.E.R.C's Gas Market Report" for
Chicago citygate.

Calculation of citygate price (E):

E = (D+C)/2
Where D is the price as reported in the first publication of the billing
month of "Natural Gas Week" for Delivered to Utility, Midwest.

Calculation of Contract Price (F):

F = E x applicable percentage