Re: New Albany Plant

Jim,
I will work on the Transaction Agreement which will go with the Master Sales
Contract. I just go a voice mail from Credit indicating who was working on
your deal. I am waiting for a credit worksheet from them so that I can start
on the Contract. Once the contract is completed, I will prepare the
Transaction Agreement. I will need to talk with you cause I noted several
omissions in the language. Under certain conditions, the transporter will
not allow the over supplier to resell the volumes, they may be merely cashed
out. Do you agree. What is the Purchase Index? Is it Inside FERC Henry Hub
first of the month or is it some other index or is it daily. Let's
discuss. I will be here today and next week. Friday is iffy.

Jim Homco
03/22/2001 01:42 PM

To: Dan J Hyvl/HOU/ECT@ECT
cc:
Subject: New Albany Plant - revised

Dan - made a few changes... also, I have copy of Columbia's
FTS-1 and ITS-1 transport agreements as referenced below.