This is the content of an email: Cathy, At the request of Mitch Dutton, I have reviewed the form of 311 and intrastate gas transportation agreements provided to AEP by Duke Energy Guadalupe Pipeline, Inc. and by EPGT Texas Pipeline, L.P. As we discussed this morning, these agreements appear to be the standard form of agreement utilized by these counterparties. Although I have no authority to approve them for execution by AEP, had they been provided to me for execution by HPL, I would approve them for execution. Please note the Balancing and Penalties provision of the agreements for the charges which these parties could impose should receipts and deliveries get out of balance. If time permitted I would suggest that these charges be negotiated to something closer to the actual costs incurred by the transporter. However, it has been my experience that these parties are reluctant to change the standard form for standard transportation services. No contract documents have been provided concerning the TXU Lone Star Pipeline. The only documents faxed were two transportation services request forms.

Subject: Gas Transportation Agreements

This is the content of an email: just had 2 refusals to trade due to crdit issues. one from shell, which is a bit surprising since i thought we cleared this last week. but anyway, the guy's name is james blount and number for stasco is 0207 546 5755 the other is socgen and this is due to some limits on gas side that they r linking. the guy there is frederic naudan and his number is 33 1 42 13 03 91.

Subject: credit

This is the content of an email: I'm working on a deal today where we are trying to get to definitive docs. It may require a DASH. Mark tells me you two have his proxy, so I want to let you know that I may be searching for you later. Kay

Subject: DASH today?

This is the content of an email: Mr. Easterly: Further to our conversation, please see the attached draft of a Master Firm Purchase/Sale Agreement. Upon your review, please give me a call to discuss any questions and or comments you have regarding this matter. Best regards,
Subject: Master Agreement