Andy, I have completed negotiation with TBG on the Settlement. TBG has exe= cuted the documents and Louise and John have approved the deal. In short, = I want to make sure that you understand the effect on you. Attached is a m= ore detailed summary but generally I removed all swing flexibility from the= deal. They have baseload obligations of 12,500 MMBtu per day. We can del= iver at any of the delivery points identified in the Agreement ( I will giv= e you a copy of the Agreements) however the primary delivery point is Stati= on 65. That is the location for all price settlements. If we delivery at = an alternate location we receive additional basis differentials for moving = downstream ( Station 85 ) and we pay the basis differential for moving ups= tream ( Sta 45, 30 ). TBG has the right to move our deliveries back to Sta = 65 at anytime, if we are delivering at alternate locations. I want to check= with you one more time before I execute the final documents. I think that= this is a great trade for ENA if I do say so myself. My next effort is to= clear up any issues with Trigen. Frank
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TBG