Re: crestar / gulf aos contract....

Grant,
Attached are the two transactions that result from spliting the original
deal. Please advise Crestar that they need to revise the assignment document
to reflect an agreement for Transaction No. 1 dated March 22, 2001 instead of
March 5, 2001 and they should provide for a complete assignment of that
Transaction No. 1. Document 2001-23acrfm relates to Transaction No. 1. Don't
you agree? If you agree, please print off 2 originals each and send one of
each to Crestar, and email a copy of each to Bob Bowen for his Confirm
Records.

This to remain This to be assign-
with Crestar. able by Crestar.

Grant Oh
03/21/2001 03:28 PM

To: Dan J Hyvl/HOU/ECT@ECT
cc:
Subject: Re: crestar / gulf aos contract....

Dan, Gulf/Keyspan have agreed to the two separate documents without a
specific contract number.

Please prepare and send up to me

There is one revision to the volumes, they are 11,740 and 8260 rather
than 11600 and 8400

Thanks

Grant

PS - have you read the assignment agreement and if so, do you anticipate any
issues?

Dan J Hyvl
03/20/2001 07:59 AM
To: Grant Oh/CAL/ECT@ECT
cc:
Subject: Re: crestar / gulf aos contract....

Grant,
The problem is that they do not want to assign the agreement. They want to
do a partial assignment which is unacceptable unless we can severe the
document so that we have two separate stand alone pieces of paper after the
assignment. Talk to them about doing two Spot Confirmations, one for 0 to
8,400 MMBtu per day which would not be assignable, and the other one for 0 to
11,600 MMBtu per day which would be assignable to BP. Call me so that we can
discuss.

Grant Oh
03/19/2001 05:16 PM

To: Dan J Hyvl/HOU/ECT@ECT
cc:
Subject: Re: crestar / gulf aos contract....

Keyspan/Crestar would like to execute the existing contract as is - and work
on the assignment ot BP separately.

Thanks

Grant

Dan J Hyvl
03/19/2001 04:17 PM
To: Grant Oh/CAL/ECT@ECT
cc:
Subject: Re: crestar / gulf aos contract....

I am waiting on your response to my voice mail regarding the assignment to
BP. Shouldn't we break the confirm into two documents, covering 42% of the
entitlements to Crestar and 58% to BP.

Grant Oh
03/19/2001 01:33 PM

To: Dan J Hyvl/HOU/ECT@ECT
cc:
Subject: crestar / gulf aos contract....

Dan, following up on the status of the contract.

Thanks

Grant