QUESTION: Hi Kent, These are some requested changes to the Salmon a/k/a Delta break out agreement. I'm not comfortable that Lee has reviewed these, as the comments were previously forwarded in another email. In any event, we are looking for GE's blessings on this addition. It seems to me that we are approaching time to gather GE's signatures on the various docs. I will forward separately the email I received from our outside counsel with the final forms of everything but the break out contract, the assignment and assumption agreement and the GE parent guaranty. Thanks for your assistance.
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ANS: Delta requested language

QUESTION: We have received the executed Second Amendment to the ISDA Master Agreement dated as of July 31, 2000. This amendment changes the Counterparty's exposure Threshold and exempts certain Transactions when calculating "Exposure" under Paragraph 3 of the ISDA Credit Support Annex. Copies will be distributed.
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ANS: HS Resources, Inc.

QUESTION: Hey Geoff, In talking with J.Aron I found that they have the offsetting positon on Z01-H02 PEPL. I would like to sell enron 2/day Z01-H02 PEPL to Enron and J.Aron would like to buy 2/day Z01-H02 from Enron. Let me know how we can proceed to clean this offset up. Thanks.
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ANS:
Offset