This is the content of an email: This is proof that we at least get reimbursement from ECT - Canada on the Boston Gas Transport. I feel much better about this part. Thanks Brenda.

Subject: Tenn and Iroq Reimbursement from ECT - Canada

This is the content of an email: Please let me know if you are working on any netting or collateral arrangements in support of our European trading businesses, so that we can maintain a consistent approach. Similarly, please also be sure to contact Mary Cook who is the lawyer in Houston co-ordinating our netting and collateral arrangements with trading counterparties, many of whom trade in both Europe and the US. Thanks

Subject: Netting Agreements & Collateral Agreements

This is the content of an email: Katherine Tew Darras joins the ISDA New York office on November 12 as Assistant General Counsel, reporting to Kimberly Summe. Katherine, a Canadian, has worked for four years as an associate with Salans Hertzfield Heilbronn Christy & Viener in New York, as part of the Corporate and Financial Institutions group. Before that, she worked at Canadian Imperial Bank of Commerce in Toronto. Please join me in welcoming Katherine to our staff.

Subject: New Assistant General Counsel

This is the content of an email: Mark, In the course of two conversations with Paul Chymiy, he identified 5 credit issues. They are: 1) The Credit Agreement is for a term of 364 days so it terminates on 12/21/01. They will enter into a new credit agreement but not on identical terms and not necessarily with the same lenders. 2) NUI Corp. does not have credit rating since the reorganization. The credit rating should be tied to NUI Utilities. 3) The MAC should be BBB instead of BBB- for Customer. 4) NUI Utilities no longer owns the common stock of Elizabethtown and City Gas. They are now divisions of NUI Utilities. 5) The treasurer will not agree to (xiii) in Section 5 of the Transaction Agreement concerning additional debt. Stacy
Subject: NUI Credit Issues