My only concern is that it looks like we are modifying the NYMEX price twice 
- once in the second sentence and then again in th definition of Index.




Dale Neuner on 02/22/2000 11:35:14 AM
To: Mark Taylor/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT
cc: Jennifer deBoisblanc Denny/HOU/ECT@ECT 
Subject: Last day Nymex trading



Mark - Trading would like to commence transacting Last day Nymex vs. Physical 
delivery. So far each request is for an established Location. Attached please 
find an example of one such transaction. Please review and offer 
aproval/comments.


Jennifer, I am certain that we have already mapped this but if you could 
please double check.

Index: NYMEX L1
Abb: L1
Descr: The Index shall be the settlement price for the last scheduled Trading 
Day of the NYMEX Henry Hub Natural Gas Futures Contract, modified by the 
price submitted by the Counterparty on the website, for the applicable 
Determination Period.






Dale
3-9746