Re: More Buy Backs

Janie,
Please send a GTC Confirm out on this buyback deal. It only has a one month
duration. Please call if you have any questions.

Janie Aguayo
04/27/2001 03:39 PM

To: Dan J Hyvl/HOU/ECT@ECT
cc:
Subject: More Buy Backs

Hi Dan,

Thank you again, for your information this morning it was very helpful. I
have attached another buy back deal information to see if you can help me
find out if this one has been confirmed by your group.

this is buyback for 749785 and the trader is Lee Papayoti

Deal #: 749794 Deal Type: Physical Forward
Buyer: Houston Pipe Li Deal Date: 04/24/2001
Seller: Beaumont Methan Start Date: 05/01/2001 End Date: 05/31/2001
Broker: Not Brokered Commodity: Natural Gas

Delivery Point: Houston Pipe Line Company - 8 - East Texas -- BEAUMONT WORKS
BRANDYWINE HPL

From: 05/01/01 To: 05/31/01

Volumes Min Max
MMBtu/day Optionality Owner Rachet Up Rachet Down Day Day
----------------- ----------------- --------- ----------- --- ---
0

Commodity Fee

Underlying Rate: Tiered Pricing

From To
( MMBtu/day ) ( MMBtu/day ) Rate
---------------- ----------------
-------------------------------------------

0 1,000 100% of HOU.SHPCHAN.GDP.D.A
minus USD 0.02000
1,001 2,000 100% of KATY.HUB.GDP.D.A

Thank you - Janie
Physical Confirmations
Houston Pipeline Company
(713) 571-3184