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AEC Transport/Loan Deal

Contractual Arrangements - “Before Capacity is Released”. AEC Transport/Loan Deal. Commitment. Commitment. Commitment. AEC. ECT. Citrus/ ECT. FGT. Contract. Contract. Contract. Payment Arrangements. Monthly Payments based on $8,065,000. Monthly Payments based on $6,930,000. AEC.

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AEC Transport/Loan Deal

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  1. Contractual Arrangements - “Before Capacity is Released” AEC Transport/Loan Deal Commitment Commitment Commitment AEC ECT Citrus/ ECT FGT Contract Contract Contract Payment Arrangements Monthly Payments based on $8,065,000 Monthly Payments based on $6,930,000 AEC ECT ECT as Citrus 12 yr Payment Schedule Gas Commodity delivery to be negotiated at a later date under separate agreement at customer’s request FT Agreement is permanently released to AEC on or before 12/01/01 @AEC request Monthly Payments based on $6,930,000 80/d FT Service Payment of monthly transport rates FGT Key Facts All Agreements executed in name of Citrus Trading to avoid tax gross up Total Facilities Estimate with Tax Gross Up is $9,200,000 Total Facilities estimate is $6,930,000mm Tax Gross-up is 32.77% or $2,270,000 ECT and AEC each split the gross up value of $1,135,000 AEC’s value is reflected in lower capital cost to amortize (i.e. $9.2MM-$1.135MM= $8.065MM

  2. Contractual Arrangements - “Before Capacity is Released” AEC Transport/Loan Deal Commitment Commitment Commitment AEC ECT Citrus/ ECT FGT Contract Contract Contract Payment Arrangements Monthly payments based on $8,065,000MM Monthly Payments to Citrus AEC ECT ECT as Citrus 12 yr Monthly Payment 80/d FT Service Monthly Payments to FGT FGT Payment of monthly transport rates Gas Commodity delivery to be negotiated at a later date under separate agreement based on customer request

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