New Product--Suggested Language Changes

Last week I sent copies of the product description and GTC to Becky Cantrell
(regulatory) for comments and she did make a couple of suggestions which I
agree with. First, in both the description and the original GTC we refer to
an open season; however, this product is for capacity release, which would
not be subject to an open season--only bidding. So, Gerald, unless you have
some objection that we have overlooked, I believe it is appropriate to remove
the words "or open season" in the product description. Regarding the GTC,
since we were planning on eliminating Paragraph 3 anyway, which had the open
season reference, I think that one is already taken care of.

The other question she had is how we would define the following terms and how
they would be made a part of the contract: Reference Pipeline, Rate
Schedule, Primary Receipt and Delivery Point. Please let me know your
thoughts on this.