---------------------- Forwarded by Phillip K Allen/HOU/ECT on 07/26/2000 
10:44 AM ---------------------------

Michael Etringer

07/26/2000 08:32 AM

To: Keith Holst/HOU/ECT@ect, Phillip K Allen/HOU/ECT@ECT
cc:  
Subject: Price for Stanfield Term

I am sending off a follow-up to a bid I submitted to Clark County PUD.  They 
have requested term pricing for Stanfield on a volume of 17,000.  Could you 
give me a basis for the period :

Sept -00 - May 31, 2006
Sept-00 - May 31, 2008

Since I assume you do not keep a Stanfield basis, but rather a basis off 
Malin or Rockies, it would probably make sense to show the basis as an 
adjustment to one of these point.  Also, what should the Mid - Offer Spread 
be on these terms.

Thanks, Mike