HONEOYE STORAGE CORPORATION

Honeoye began operations in 1975 with a FERC certificate and 20-year storage contracts with the three major New York City utilities, Con Edison, Brooklyn Union and Long Island Lighting. Storage service was expanded in 1980 when the field pressure was increased. Boston Gas and Energy North were added to the list of key customers. The contracts became evergreen in 1995 under annual renewal options. Long Island Lighting terminated its contract in 1997 before the merger with Brooklyn Union and was replaced by ProMark Energy and Providence Gas.