Subject: FW: Cash/Earnings
From: [email-masked]
To: [email-masked]
Date: Mon, 10 Dec 2001 13:24:04 -0800 (PST)

-----Original Message-----
From: 	McGowan, Mike W.  
Sent:	Monday, December 10, 2001 2:14 PM
To:	Gilbert, Steve
Cc:	Neubauer, Dave; McCarty, Danny
Subject:	Cash/Earnings

I just verified with Kinder Morgan that Northern Natural will receive appr. $144,000 for refunds related to an  excess deferred income tax refund issue .  It applies to a time where NNG did not have a tracker and thus can be retained by NNG and does NOT need to be refunded to our shippers.

This $144,000 reflects incremental cash and income for NNG for 2001 and will be received by wire transfer at the end of the month.

Mike McGowan