On April 6, 2006, Duke Energy Marketing America, LLC (“DEM A ”) and Duke Energy Trading and Marketing, L.L.C. (“DETM”) offered for permanent release and assignment, effective May 1, 2006, a portfolio of various transportation, storage, and gas supply contracts, including contracts with a number of FERC-regulated pipelines and with several Canadian pipeline companies (“Northwestern Portfolio”). The portfolio of contracts offered for bid and permanent release and assignment and the process and procedures to be followed are set forth in the April 6, 2006 “Duke Energy Marketing America Portfolio Release” posting on Transporter's website.

 

Subject to the bid terms set forth in the Portfolio Posting, Transporter has determined that Coral Energy Resources, L.P. (“Coral”) is the winning bidder of the Northwestern Portfolio. DEMA and DETM will pay Coral a Reverse Auction Payment amount of One Hundred Sixty Six Million One Hundred Thirteen Thousand Five Hundred Dollars ($166,113,500).

 

Questions regarding this Notice should be directed to Keith Barnhart at kgbarnhart@duke-energy.com or 801.531.4404.