Consumers Deal

Consumers Energy Deal Summary

Part 1
On 11/9/00 ENA entered into an agreement with Consumers Energy to borrow 1 BCF in July-01 and payback in July-02 at the Consumers Citygate pool. ENA agreed to pack Consumers Energy a demand fee of $680,000. Payment date was set for July-.01.

Part 2
On 4/30/01 ENA unwound the deal with Consumers Energy . ENA will reduce the demand fee from $680,000 to $130,000. This is to be set for payment 5 business days after 4/30/01. The previous sitara deal tickets are killed (sitara # 478110 on the injection and sitara # 478135 on the withdrawal). The tagg# V67045 was unwound.