Re: Puget Sound - put language (remainder of confirm has been faxed

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Hi Sara, I believe I made all of the changes. Holli said there is not an
exercise date for this deal. Let me know if this looks OK.

Thanks!
Melissa

From: Sara Shackleton on 08/22/2000 11:12 AM
To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Puget Sound - put language (remainder of confirm has been faxed to
you)

for "Cash Settlement Amount":

If for any Determination Period, the Floating Price is less than or equal to
the Strike Price, an amount equal to the product of (i) the Notional Quantity
per Determination Period multiplied by (ii) the excess of the Strike Price
over the Floating Price, which amount shall be due and payable by the Seller
on the applicable Payment Date for such Determination Period.

P.S. Melissa: In the future, send me the deal ticket for review.