Lisa:  FYI, there has been activity regarding the KCS file, in particular, the  status of the amendment to permit cross-netting of certain agreements and the  impact of that amendment now that KCS has emerged from bankruptcy.
Two (2)  new financial transactions have been executed and there is a VPP looming  ahead for June 15.
The issue which we were trying to isolate is the effect  of the amendment to the financial/physical agreements post-bankruptcy.
We  concluded that KCS is bound post-bankruptcy (Carol St. Clair thought you may  have had some reservations).
I'll keep you apprised of any developments.

KCS Energy Marketing Inc. ("KCS")
Lisa: FYI, there has been activity regarding the KCS file, in particular, the status of the amendment to permit cross-netting of certain agreements and the impact of that amendment now that KCS has emerged from bankruptcy.
Two (<NUMBER>) new financial transactions have been executed and there is a VPP looming ahead for June <NUMBER>.
The issue which we were trying to isolate is the effect of the amendment to the financial/physical agreements post-bankruptcy.
We concluded that KCS is bound post-bankruptcy (Carol St. Clair thought you may have had some reservations).
I'll keep you apprised of any developments.
bankruptcy concluded kcs file particular agreements impact amendment financial physical permit cross netting issue trying isolate bound post vpp looming lisa fyi activity number new