Subject: New Index NYMEX HH L1/GD Mich-Con
From: [email-masked]
To: [email-masked], [email-masked], [email-masked]
Cc: [email-masked]
Date: Tue, 7 Dec 1999 08:55:00 -0800 (PST)

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.