Structure

Jordan, Attached is the latest structure. This is still subject to change
as AA has not yet approved. The deal basically involves creating a new
entity to take ownership of 2 existing Electric Compressor Motor Drivers and
associated contracts which ECT currently owns. The compressor motor drivers
are supplied with electricity from the Navajo Tribal Utiltity Authority
(NTUA). ECT sells horsepower created by the motor drivers to Transwestern in
exchange for $$ and MMBtus.

Lance Schuler will be working the finance portion of this project. This is a
2nd Quarter deal. Would you expect anything less? Please let me know who
will be working on this from your group or call to discuss any questions.
Thanks.

---------------------- Forwarded by Gerald Nemec/HOU/ECT on 06/02/99 04:38 PM
---------------------------
From: Trevor Woods on 05/21/99 02:13 PM
To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: Structure

Here it is G.