Spreadsheet: frank_ermis__11066__Insdferc12012001
Sheet: Sheet1

Gas Market Report
Prices of Spot Gas Delivered to Pipelines December 1, 2001 (per [NAME] dry)
 | Range |  |  |  | Index |  |  | Range |  |  |  | Index
ANR Pipeline Co. |  |  |  |  |  |  | Northwest Pipeline Corp.
Louisiana | 1.88 | to | 2.53 |  | 2.22 |  | [NAME] | 1.8 | to | 2.7 |  | 2.16
Oklahoma | 2.15 | to | 2.59 |  | 2.24 |  | Canadian border | 2.54 | to | 2.81 |  | 2.68
Colorado Int. Gas Co. |  |  |  |  |  |  | ONG Transmission Co.
[NAME] | 1.9 | to | 2.36 |  | 2.13 |  | Oklahoma | 2.04 | to | 2.45 |  | 2.23
Columbia Gas Transmission Corp. |  |  |  |  |  |  | Panhandle Eastern Pipe Line Co.
Appa. (W.VA., Ohio, Ky.) | 2.1 | to | 2.77 |  | 2.42 |  | Texas, Okla. (mainline) | 2 | to | 2.6 |  | 2.24
Columbia Gulf Transmission Co. |  |  |  |  |  |  | Questar Pipeline Co.
Louisiana | 1.98 | to | 2.66 |  | 2.28 |  | [NAME] | 1.75 | to | 2.28 |  | 2.02
Dominion Transm Co. |  |  |  |  |  |  | Reliant Energy Gas Transmission Co.
Appalachia | 1.97 | to | 2.7 |  | 2.42 |  | East | 1.99 | to | 2.48 |  | 2.2
El Paso Nat. Gas Co. |  |  |  |  |  |  | West | 1.95 | to | 2.39 |  | 2.12
Permian Basin | 1.95 | to | 2.55 |  | 2.35 |  | Southern Natural Gas Co.
San Juan Basin | 1.7 | to | 2.52 |  | 2.09 |  | Louisiana | 2.01 | to | 2.32 |  | 2.23
EPGT Texas Pipeline, L.P. |  |  |  |  |  |  | Tennessee Gas Pipeline Co.
Texas | 1.92 | to | 2.35 |  | 2.01 |  | La. & Offshore (zone 1) | 1.9 | to | 2.64 |  | 2.2
Florida Gas Trans. Co. |  |  |  |  |  |  | Texas (zone 0) | 1.83 | to | 2.56 |  | 2.16
Zone 1 | 1.93 | to | 2.28 |  | 2.18 |  | Texas Eastern Transmission Corp.
Zone 2 | 2 | to | 2.35 |  | 2.28 |  | East Louisiana zone | 1.98 | to | 2.58 |  | 2.23
Zone 3 | 1.92 | to | 2.69 |  | 2.27 |  | West Louisiana zone | 2.07 | to | 2.35 |  | 2.22
Kern River Gas Trans. |  |  |  |  |  |  | East Texas zone | 1.98 | to | 2.55 |  | 2.22
Wyoming | 1.8 | to | 2.35 |  | 2.13 |  | South Texas zone | 2 | to | 2.52 |  | 2.19
Gulf South Pipeline Co. of America |  |  |  |  |  |  | Texas Gas Transmission Corp.
South Louisiana/East Side | 1.89 | to | 2.38 |  | 2.19 |  | Zone 1 | 2.18 | to | 2.33 |  | 2.27
Texas | 2.04 | to | 2.05 |  | 2.05 |  | Zone SL | 1.95 | to | 2.65 |  | 2.27
Natural Gas Pipeline of America |  |  |  |  |  |  | Transcontinental Gas Pipe Line Corp.
Mid-Continent zone | 2.1 | to | 2.53 |  | 2.23 |  | Zone 1 (pooling point) | 2.08 | to | 2.33 |  | 2.21
Louisiana zone | 2 | to | 2.59 |  | 2.24 |  | Zone 2 (pooling point) | 2.03 | to | 2.38 |  | 2.25
Texok zone | 2.12 | to | 2.6 |  | 2.27 |  | Zone 3 (pooling point) | 2.02 | to | 2.61 |  | 2.3
South Texas Zone | 2.05 | to | 2.51 |  | 2.18 |  | Mississippi, Alabama | 2.11 | to | 2.4 |  | 2.32
Northern Natural Gas Co. |  |  |  |  |  |  | Transwestern Pipeline Co.
Texas, Okla., Kansas | 1.86 | to | 2.26 |  | 2.08 |  | Permian Basin | 1.95 | to | 2.44 |  | 2.29
Demarcation | 2.1 | to | 2.94 |  | 2.34 |  | Trunkline Gas Co.
Ventura, Iowa | 2.1 | to | 2.86 |  | 2.34 |  | Louisiana | 2.08 | to | 2.5 |  | 2.23
 |  |  |  |  |  |  | Texas | 2.05 | to | 2.4 |  | 2.2
 |  |  |  |  |  |  | Williams Gas Pipelines Central Inc.
 |  |  |  |  |  |  | Texas, Oklahoma, Kansas | 2.03 | to | 2.45 |  | 2.24
DELIVERED SPOT-GAS PRICES
December 2001 (per [NAME])
 | Range |  |  |  | Index |  |  | Range |  |  |  | Index
Houston Ship Channel/Beaumont, Tx |  |  |  |  | (Large packages only) |  | Louisiana/Missippi River Corridor
large packages (3,500 Mcf/day) | 2.09 | to | 2.65 |  | 2.3 |  | packages of at least 2,000 Mcf/day | 2.1 | to | 2.52 |  | 2.37
small packages (less than 3,500 Mcf | 2.22 | to | 2.65
/day)
MARKET CENTER  SPOT-GAS PRICES
December 2001 (per [NAME])
 | Range |  |  |  | Index |  |  | Range |  |  |  | Index
Northeast |  |  |  |  |  |  | East Texas
Texas Eastern zone M-3 | 2.5 | to | 3.26 |  | 2.91 |  | Houston Ship Channel | 2.09 | to | 2.65 |  | 2.3
Transco zone 6 | 2.82 | to | 3.3 |  | 3.12 |  | [NAME] | 1.99 | to | 2.62 |  | 2.47
New York/New Jersey city-gate | 2.73 | to | 3.55 |  |  |  | West Texas
New England city-gate | 2.73 | to | 3.01 |  |  |  | Waha | 2 | to | 2.55 |  | 2.37
 |  |  |  |  |  |  | Pacific Northwest
Upper Midwest |  |  |  |  |  |  | Stanfield. Ore. | 2.49 | to | 2.7 |  | 2.59
Chicago city-gate | 2.17 | to | 2.86 |  | 2.4 |  | city-gate | 2.85 | to | 3.04
Southern Michigan city-gate | 2.2 | to | 2.74 |  | 2.43 |  | California
Wisconsin city-gate | 2.4 | to | 2.78 |  |  |  | PG&E Malin, Ore. | 2.57 | to | 2.84 |  | 2.69
Minnesota city-gate | NA | to | NA |  |  |  | PG&E city-gate | 2.35 | to | 2.87 |  | 2.72
South Louisiana |  |  |  |  |  |  | PG&E South | 2.07 | to | 2.71 |  | 2.27
[NAME] | 1.97 | to | 2.66 |  | 2.28 |  | Southern California Gas Co. | 1.92 | to | 2.76 |  | 2.27