Enron Mail

From:gerald.nemec@enron.com
To:gnemec@houston.rr.com
Subject:Docs
Cc:
Bcc:
Date:Tue, 29 May 2001 13:10:00 -0700 (PDT)

means the =01&Daily Midpoint=018 price set forth in Gas Dailyc (Financial T=
imes=20
Energy), or successor publication, in the column "Daily Price Survey" under=
=20
the listing applicable to the geographic location closest in proximity to t=
he=20
Delivery Point(s) for the relevant gas day. If there is no single =01&Dail=
y=20
Midpoint=018 price published for that particular Gas Day, but there is publ=
ished=20
a "Common" range of prices under the above column and listing, then the Spo=
t=20
Price shall be the average of such =01&Common=018 high and low prices. In =
the=20
event that no =01+Daily Midpoint=018 price or =01&Common=018 range of price=
s is published=20
for that particular Gas Day, then the Spot Price shall be the average of th=
e=20
following: the price (determined as stated above) for each of the first Gas=
=20
Day immediately preceding and following the Gas Day in which the default=20
occurred for which a Spot Price can be determined.