Subject: "ETS Operations companies (1202, 42P, and 184)".

Body: Tracy and James, Elaine and Phil thought it would be nice to include this summary page in the plan review package for Stan's review next week. I think Rod mentioned that Stan has set a target for Phil of 5.0MM for 2002. Please advise if this is still valid because Phil personally has not heard that from Stan. The numbers that we have in Adaytum match the $4.4 MM net contribution. The remaining $0.6MM are salary offsets on NNG. 42P does not have employees and they use NNG employees. When they do that, NNg charges the salaries of the employees for the applicable # of hours to 42P. Therefore, 42P covers expenses that NNG would have to bear otherwise. Phil feels that the $0.6MM of salaries offsets should be counted toward the 5.0 target since it's a benefit that 42P brings to NNG. James and I talked about this on the phone. Please let me know if you have any questions or concerns. Thanks!

Subject: "commitment of traders 2/1".

Body: The information contained herein is based on sources that we believe to be reliable, but we do not represent that it is accurate or complete. Nothing contained herein should be considered as an offer to sell or a solicitation of an offer to buy any financial instruments discussed herein. Any opinions expressed herein are solely those of the author. As such, they may differ in material respects from those of, or expressed or published by on behalf of Carr Futures or its officers, directors, employees or affiliates. ? 2001 Carr Futures The charts are now in the most recent version of Adobe Acrobat 4.0 and they should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat Reader 4.0 may be downloaded for FREE from www.adobe.com. (See attached file: ng_rpt.pdf)(See attached file: ho_rpt.pdf)(See attached file: hu_rpt.pdf)(See attached file: cl_rpt.pdf) - ng_rpt.pdf - ho_rpt.pdf - hu_rpt.pdf - cl_rpt.pdf

Subject: "TCO- CAPACITY ALLOC-TIMELY NOMINATION CYCLE OCT. 30, 2001".

Body: COLUMBIA GAS TRANSMISSION CORPORATION NOTICE TO ALL INTERESTED PARTIES OCTOBER 29, 2001 Notice ID: 3225 5 - NO RESPONSE REQUIRED SUBJECT: CAPACITY ALLOCATION-TIMELY NOMINATION CYCLE FOR OCTOBER 30, 2001 PLEASE NOTE THAT ALL ALLOCATIONS ARE SUBJECT TO CHANGE BASED ON THE RECEIPT OF ANY NEW NOMINATIONS OR INTRADAY NOMINATIONS. RECEIPTS: ALLOCATIONS DUE TO LONG WALL MINING OF LINE SM-123: For the following MLI points: There is no capacity for IPP customers. There is no capacity for ITS customers. There is no capacity for secondary firm customers. There is no capacity for overruns. Equitable Hi Hat MLI F3 KYWV Beaver Creek MLI H1 CNR Boldman MLI CNR02 CNR Conoway MLI CNR03 CNR Johns Creek MLI CNR08 CNR Canada MLI CNR09, CNR10 CNR Stafford MLI CNR11 CNR Thacker/Majestic MLI CNR12 CNR Briar Mtn. MLI CNR13 CNR Huff Creek MLI CNR14 Conoco Grant MLI P1 TENNESSEE: BRINKER: New IPP customers received equal shares of October 30, 2001 available capacity. LEBANON AGGREGATE: There is no capacity for new IPP customers. Flowing IPP customers received 155.686% of their October 29, 2001 flowing volumes or their October 30, 2001 nominated quantities, whichever was less. TCO-LEACH: New IPP customers received 41.591% of their October 30, 3001 nominated quantities. INTERNAL CONSTRAINT: LANHAM: There is no capacity for IPP customers. There is no capacity for ITS customers. There is no capacity for secondary firm customers. Excess MDWQ Available + ISS Withdrawals Available SIT Withdrawals Available Imbalance Drawdowns Available Excess MDIQ Available + ISS Injections Available SIT Injections Available Imbalance Paybacks Available PAL Lends/Unparks Available PAL Parks/Loan Paybacks Available + Call Gas Control 24 hours in advance at (304) 357-2606 to request approval. Columbia Gas Transmission has completed allocating all of its receipt and delivery points for the gas days of October 30, 2001. You may now view the quantities you are authorized to flow on October 30, 2001. On the Internet NAVIGATOR, view Nominations, Scheduled Quantity, Scheduled Quantity for Service Requestor-Summary, Nominations to be Viewed, and select Reduced Nominations. The quantities confirmed to flow for your account are available on the Internet NAVIGATOR after 5:30 p.m. Eastern Time on Monday, October 29, 2001. If you have any questions, please contact your Account Representative.

Subject: "Settlement Template".

Body:
Ike, with the danger of being too presumptious, I thought I would follow up with an e-mail to suggest a procedure for trading settlement offers on Wednesday. Attached I have a suggested template for each party to use so that we can ensure that we are comparing "apples to apples". I would also suggest that each party provide sufficient back-up to justify their numbers. It may also be helpful for TVA and EPMI to use an independent party, such as Charles Bone, as the intermediary to facilitate the transfer of each parties settlement offer. I am in the office over the next several days. Lets discuss at your earliest convenience. Regards