New Index NYMEX HH L1/GD Mich-Con

I spoke with Fletch today and he wants to use the Monthly Gas Daily price;
changes made below accordingly:

---------------------- Forwarded by Dale Neuner/HOU/ECT on 12/07/99 04:51 PM
---------------------------

Dale Neuner on 12/02/99 12:50:23 PM
To: Marcello Romano/LON/ECT@ECT
cc: Eva Pao/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
Subject: New Index NYMEX HH L1/GD Mich-Con

Please offer your comments and/or approval of the below:

Index: NYMEX HH L1/GD M Mich-Con

Abbreviation: Mich-Con

Long Description:

The Fixed Price shall be the unweighted average of the closing settlement
price of the last settlement day
for the relevant month of the NYMEX Henry Hub Natural Gas futures contract,
modified by the price submitted
by Counterparty on the website. The Floating Price shall be the Index price
as published on the first calendar
day during the relevent month under the heading "Monthly Contract Index" in
the Citygates, Mich.-Mich Con
section of Gas Daily, or if a calendar day is not a Business Day then the
price used shall be the Daily Midpoint
price published on the next suceeding Business Day.