-----Original Message-----
From: 	Saunders, James  
Sent:	Tuesday, October 23, 2001 3:16 PM
To:	Miller, Kent
Cc:	Neubauer, Dave; Peters, Jerry; Fancler, Dan; Gilbert, Steve; Chandler, Bob; Cobb Jr., John
Subject:	cunningham
Importance:	High

kent, et al, 
quick feedback from rod:
1. gas purchase - need to get approved thru stan    $'s required make it a Stan approval.    We will need a DASH to get his signature on.
2. hedge of gas purchase - no issues; need to quickly develop hedge documentation     
3. hedge of sba "spread" - we need to regroup to better clarify how the commodity component of the sba can be identified within the
sba contract, for hedge purposes