TBG

Andy, I have completed negotiation with TBG on the Settlement. TBG has exe=
cuted the documents and Louise and John have approved the deal. In short, =
I want to make sure that you understand the effect on you. Attached is a m=
ore detailed summary but generally I removed all swing flexibility from the=
deal. They have baseload obligations of 12,500 MMBtu per day. We can del=
iver at any of the delivery points identified in the Agreement ( I will giv=
e you a copy of the Agreements) however the primary delivery point is Stati=
on 65. That is the location for all price settlements. If we delivery at =
an alternate location we receive additional basis differentials for moving =
downstream ( Station 85 ) and we pay the basis differential for moving ups=
tream ( Sta 45, 30 ). TBG has the right to move our deliveries back to Sta =
65 at anytime, if we are delivering at alternate locations. I want to check=
with you one more time before I execute the final documents. I think that=
this is a great trade for ENA if I do say so myself. My next effort is to=
clear up any issues with Trigen.

Frank