Re: Proposed new Index

My comments are marked below in red.

Dale Neuner on 12/15/99 03:35:59 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Re: Proposed new Index

Please approve or offer comments:

---------------------- Forwarded by Dale Neuner/HOU/ECT on 12/15/99 03:35 PM
---------------------------

Marcello Romano
12/15/99 02:53 PM
To: Dale Neuner/HOU/ECT@ECT
cc:
Subject: Re: Proposed new Index

Looks fine - we need to get authorisation now.

M

Dale Neuner on 12/15/99 01:48:29 PM
To: David Forster/LON/ECT@ECT, Marcello Romano/LON/ECT@ECT
cc: Elsa Villarreal/HOU/ECT@ECT

Subject: Proposed new Index

Index: Gas Daily WAHA
Abbreviation: Waha
Sort Code: 3530

The Index for a calendar day shall be the average of the Common High and
Common Low prices published for such calendar day under the heading "Daily
Price Survey" in the Permian Basin Area: Tex intras, Waha area section of Gas
Daily, or if a calendar day is not a Business Day then the price for such
calendar day will be the average of the Common High and Common Low prices
published on the next succeeding Business Day.

Should the word "area" after "Waha" be capitalized?
On some Gas Daily products we are switching to the Gas Daily posted average -
is this one of those? Bob Bowen has been looking into this also.