Discount Rate	 		9.02%	 15.00%	 15.00%	 																																																																																
Shipper	 Volume	 Rate	 NPV @ 9.02%	 Hurdle Rate	 Actual Rate	 Gross Value	 Term (Yrs)	 	Term (Months)	 Term (Days)	 Volume	 Rate -1Yr	 Rate -2Yr	 Rate -3Yr	 Rate -4Yr	 Rate -5Yr	 37408	 37773	 38139	 38504	 38869	 39234	 39600	 39965	 40330	 40695	 41061	 41426	 41791	 42156	 42522	 42887	 43252	 43617	 43983	 44348	 44713	 45078	 45444	 45809	 46174	 46539	 46905	 47270	 47635	 48000	 11505	 		Term	 
@Needles	 					
PPL	 12,000	 $0.40	 1499.20	 0.07	 0.09	 4395.20	 30Yrs, 1 Month	 	361	 10988	 1	 0.4	 	146	 146.4	 146	 146	 146	 146.4	 146	 146	 146	 146.4	 146	 146	 146	 146.4	 146	 146	 146	 146.4	 146	 146	 146	 146.4	 146	 146	 146	 146.4	 146	 146	 146	 146.4	 12	 		30 years, 1 month	 
Western	 5,000	 $0.39	 1146.93	 0.13	 0.15	 2136.81	 15	 	180	 5479	 1	 0.39	 	142.35	 142.74	 142.35	 142.35	 142.35	 142.74	 142.35	 142.35	 142.35	 142.74	 142.35	 142.35	 142.35	 142.74	 142.35	 		15 years	 
Western	 5,000	 $0.38	 1117.52	 0.13	 0.15	 2082.02	 15	 	180	 5479	 1	 0.38	 	138.7	 139.08	 138.7	 138.7	 138.7	 139.08	 138.7	 138.7	 138.7	 139.08	 138.7	 138.7	 138.7	 139.08	 138.7	 		15 years	 
Frito Lay	 2,700	 $0.38	 1117.52	 0.13	 0.15	 2082.02	 15	 	180	 5479	 1	 0.38	 	138.7	 139.08	 138.7	 138.7	 138.7	 139.08	 138.7	 138.7	 138.7	 139.08	 138.7	 138.7	 138.7	 139.08	 138.7	 		15 years	 
US Gypsum	 4,500	 $0.42	 1109.99	 0.17	 0.19	 1879.50	 12 Yrs, 3Months	 	147	 4475	 1	 0.42	 	153.3	 153.72	 153.3	 153.3	 153.3	 153.72	 153.3	 153.3	 153.3	 153.72	 153.3	 153.3	 38.64	 		12 years, 3 months	 
Newark Group	 800	 $0.65	 922.89	 0.40	 0.44	 1186.90	 5	 	60	 1826	 1	 0.65	 	237.25	 237.9	 237.25	 237.25	 237.25	 		5 years	 
Aquila	 50,000	 $0.63	 894.49	 0.40	 0.42	 1150.38	 5	 	60	 1826	 1	 0.63	 	229.95	 230.58	 229.95	 229.95	 229.95	 		
BP Energy	 50,000	 98% of spread	 846.15	 0.40	 0.42	 983.53	 5	 	60	 365	 1	 1.723	 0.364	 0.2045	 0.2009	 0.2012	 628.895	 133.224	 74.6425	 73.3285	 73.438	 		
BP Energy	 15,000	 **	 820.50	 0.40	 0.40	 1009.24	 5	 	60	 1826	 1	 1.12	 0.76	 0.43	 0.38	 0.38	 354.44	 228	 149.4	 138.7	 138.7	 		5 years	 
Dynegy	 50,000	 $0.55	 780.91	 0.40	 0.37	 1004.30	 5	 	60	 1826	 1	 0.55	 	200.75	 201.3	 200.75	 200.75	 200.75	 		
Frito Lay	 3,300	 $2.20	 736.56	 2.02	 1.91	 803.00	 1	 	12	 365	 1	 2.2	 	803	 		1 year	 
Oneok	 5,000	 1.75 10 m,.75 12 m	 722.41	 1.01	 1.01	 806.50	 1Yr, 10 Months	 	22	 304	 1	 1.75	 0.75	 	577.75	 228.75	 		1 year, 10 months	 
Conoco	 50,000	 $0.84	 539.90	 1.01	 0.68	 614.04	 2	 	24	 731	 1	 0.84	 	306.6	 307.44	 		
Conoco Canada	 50,000	 $0.84	 539.90	 1.01	 0.68	 614.04	 2	 	24	 731	 1	 0.84	 	306.6	 307.44	 		
Conoco Lobo	 50,000	 $0.84	 539.90	 1.01	 0.68	 614.04	 2	 	24	 731	 1	 0.84	 	306.6	 307.44	 		
Conoco Raptor	 50,000	 $0.84	 539.90	 1.01	 0.68	 614.04	 2	 	24	 731	 1	 0.84	 	306.6	 307.44	 		
Conoco Lobo	 50,000	 $0.81	 520.62	 1.01	 0.66	 592.11	 2	 	24	 731	 1	 0.81	 	295.65	 296.46	 		
Conoco Raptor	 50,000	 $0.81	 520.62	 1.01	 0.66	 592.11	 2	 	24	 731	 1	 0.81	 	295.65	 296.46	 		
AEP	 20,000	 $0.63	 404.93	 1.01	 0.51	 460.53	 2	 	24	 731	 1	 0.63	 	229.95	 230.58	 		
							
** 1.12 7 mos, .76 12 mos, .43 12 mos, .38 17 mos	 				
							
Discount Rate	 		9.02%	 15.00%	 15.00%	 			
Shipper	 		NPV @ 9.02%	 Hurdle Rate	 Actual Rate	 Gross Value	 Term (Yrs)	 	Term (Months)	 Term (Days)	 Volume	 Rate -1Yr	 Rate -2Yr	 Rate -3Yr	 Rate -4Yr	 Rate -5Yr	 37408	 37773	 38139	 38504	 38869	 39234	 39600	 39965	 40330	 40695	 41061	 41426	 41791	 42156	 42522	 42887	 43252	 43617	 43983	 44348	 44713	 45078	 45444	 45809	 46174	 46539	 46905	 47270	 47635	 48000	 11505	 		
@Topock/Griffith	 						
PPL	 8,000	 $0.35	 1311.80	 0.07	 0.08	 3845.80	 30Yrs, 1 Month	 	361	 10988	 1	 0.35	 	127.75	 128.1	 127.75	 127.75	 127.75	 128.1	 127.75	 127.75	 127.75	 128.1	 127.75	 127.75	 127.75	 128.1	 127.75	 127.75	 127.75	 128.1	 127.75	 127.75	 127.75	 128.1	 127.75	 127.75	 127.75	 128.1	 127.75	 127.75	 127.75	 128.1	 10.5	 		30 years, 1 month	 
Calpine	 40,000	 $0.38	 1117.52	 0.13	 0.15	 2082.02	 15	 	180	 5479	 1	 0.38	 	138.7	 139.08	 138.7	 138.7	 138.7	 139.08	 138.7	 138.7	 138.7	 139.08	 138.7	 138.7	 138.7	 139.08	 138.7	 		15 years	 
Frito Lay	 2,000	 $2.20	 736.56	 2.02	 1.91	 803.00	 1	 	12	 365	 1	 2.2	 	803	 		1 year	 
Newark Group	 1,500	 $0.15	 212.97	 0.40	 0.10	 273.90	 5	 	60	 1826	 1	 0.15	 	54.75	 54.9	 54.75	 54.75	 54.75	 		
AEP	 10,000	 $0.63	 210.92	 2.02	 0.55	 229.95	 1	 	12	 365	 1	 0.63	 	229.95