Secondary firm delivery

Bobbie,

Chris Walker said that this is a revival of the product that was worked on
long ago and never finalized. Do you remember what our concerns were? I
have sleep since then and do not remember.

----- Forwarded by Stacy E Dickson/HOU/ECT on 03/29/2001 10:14 AM -----

Chris Walker
03/27/2001 12:07 PM

To: Stacy E Dickson/HOU/ECT@ECT
cc: Kevin Ruscitti/HOU/ECT@ECT
Subject: Secondary firm delivery

Stacy,

Kevin Ruscitti has requested a secondary firm ANR ML7 phy gas product for
EOL. I have located some language that you and Dale worked on back in May of
2000. Please let me know if this language will be OK for our needs. Also,
will the current GTC for Phy gas need to be revised in any way?

Thanks,

CW
3-7533

A US Gas Transaction with Enron North America Corp., under which Seller shall
sell and Buyer shall purchase a quantity of natural gas equal to the Daily
Contract Quantity at the Contract Price on a secondary firm basis. The
Contract Price shall be as submitted by Counterparty via the Website. The
Period of Delivery shall be from the Effective Date through the Termination
Date.
The term of the Transaction shall correspond to the date(s) set forth in the
Product description on the Website.
The transaction is for delivery at the ANR Pipeline Company ML7
interconnect. The volumes scheduled to be delivered are subject to
reductions due to normal operational constraints on the ANR Pipeline Company
pipelines based upon historical operating conditions. The reductions caused
by these constraints are excused nonperformance and are not considered a
failure to receive or deliver firm gas. In the event that the volumes
scheduled are reduced due to such normal operational constraints, Buyer may
designate a secondary firm delivery location.
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be millions of
British thermal units and the quantity shown shall be in millions of BTUs per
day.