Q: Luanne: Our credit person is fine with revising the MAC language to say taht a MAC would be triggered if either (1) an entity's Credit Support Provider's rating from S&P is below BBB- by S&P or Baa3 by Moody's or (2) if such Credit Support Provider fails to be rated by both S&P and Moody's. Also, in Sections 4.5 and 4.6 of the ISDA Schedule we would like to change the reference to "Goldman Group" to "The Goldman Sachs Group, Inc." I will have Tana Jones draft an amendment and send it to you. Call me if there are any problems with the above. Tana, Please draft an amendment for my review.
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A: MAC Amendment

Q: I have engaged South African counsel. The response may take a few weeks but your transaction can proceed prior to that time. However, I will need some time to refine our ISDA Schedule and learn about the counterparty. Please keep me up-to-date. Thanks. Sara ps: I can talk
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A: South African trading partner

Q: Due to problems with a Mirant downstream, I had to change a couple of paths late Monday. The new and improved paths are: LADWP-CISO(T)LDWP/SYL GF-LDWP(T)SYL/MALIN #LDWP00000178F-LA(T)SYL/MALIN LDWPCA0024-LADWP-MORGAN-BPA(T)MALIN/JD #10031F-BPA(T)JD/PGE #10031NF-MORGAN-AEP-EPMI-CAES-PGE. Deal numbers 630912 and 556517. IPCO-IPCO(T)IPCO/LGBP #79606F-IPCO-EPMI-MIRANT-SNOH-BPA(T)LGBP/JD #96092NF-SNOH-MIRANT-BPA(T)JD/MALIN #371697F-CISO(T)MALIN/NP15-MIRANT. Deal numbers 524174 and 626428. Both for 25mw on Light-load for 06/05. I have made a tag, #24026, for the LA to PGE path. It was made as a preschedule tag, but due to the lateness of it, BPA may deny it just because they can. If that happens, EPMI real-time will have to make a real-time tag. You can use my tag as a template. Late breaking news - my tag went undelivered due to communication failure at PGE, so I faxed the tag to all the counterparties. Mirant has made tag #5673 for the IPCO to NP15 path. All counterparties have been called as of 15:30 and are aware that these schedules are going real-time - that is, their real time groups will call the schedules in to BPA. EPMI real-time will have to make sure this gets done with a reminder phone call to our counterparties. I have spoken with PGE/Donna, AEP/Peggy, Mirant/Emily, and IPCO/Perry. CAES (Conagra) had already gone home for the day and has no real-time. Any questions? Please call. Thanks, Donald Robinson.
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A: MIDC path going real-time

Q: Greg and Mark: Attached is a draft of the very short story that will accompany your profiles in Enron Business. (PR management has approved.) The purpose is simply to introduce you and quickly address the issue that's on everyone's mind, the stock price. Please review your individual quotes and let me know if you have any revisions as soon as possible. The quotes were extracted from your interviews with us a few weeks ago. If I have not heard back from you by the end of the day tomorrow, I'll assume it's OK to print as is. Thanks again for taking the time to meet with us. Warm regards and cheers,
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A:
Enron Business Article