IN: This is an email
I'm OK with the language, but I want to make sure everyone is OK on the concept. When we left this (unless there have been subsequent conversations with ECS that I wasn't a part of) we rejected Courtney's proposal to reduce our up front payment by $500,000. He was to come back and propose a monthly quantity of gas to be paid over the term of the contract that would equate to the $500,000, but I don't recall that we agreed to it. Did we intend to leave the issue open for more horsetrading on the amount of a haircut ECS should take or were we content to cover ECS at 100 cents on the dollar? I am advised that the Btu number in the letter would allow ECS to get the full $500,000 of up front value. Rod and Steve--this one is up to you and I think its totally a question of

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OUT: Supplement to Gas Letter

IN: This is an email
Jason, In case you did'nt get my voice mail @ 2:40 on Monday April 30th, Peoples will continue to sell back 50,000 for gas day May 2nd. Sell back price is Gas Daily minus $.01. Thanks, Jer

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OUT: Sell Back for Gas Day 5-02-01

IN: This is an email
Stacy: I left on your chair the commnets to the amendment agreements. Could you please confirm with Lisa that it makes sense to have the additional bankruptcy termination enevts as "automatic" triggers in your document when in the fianncial master it is drafted as an election. Please e-mail the revised agreement to KCS' counsel - Zachary May and copy Harry Stout. Zachary's e-mail is zachary.may@weil.com and Harry Stout's is hls@KCSEnergy.com. Thanks and call me if you have any questions. Carol

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OUT:
KCS