Q: The Bond Legislation The Democrats in the Assembly and Sentate have agreed to language to create a Dedicated Rate Component to repay the budget and de-link the bonds from the DWR contracts. But the Republicans have still not agreed to go along. The bill would require a 2/3's vote to keep the bond issuance on schedule, so Republican votes are necessary. The Republicans are trying to meet tonite or tomorrow to determine whether to go along. The Conference Committee Senator Burton does not like the idea of a conference committee and at this point prefers to use the existing committee structure to hear the core/noncore proposal. Using the existing committee structure could take longer to produce a bill than using the conference committee structure, but how much longer is uncertain. No sense yet of when hearings on the core/noncore proposal---in conference
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A: California Update 07.09.01

Q: Hello Mr. Lay, I want to thank you for returning my call yesterday afternoon in regards to my message and providing me an update to the retention policy. Considering your extremely busy schedule, your call and message demonstrates your continued commitment to the Enron employees, and I truly appreciate it. I do feel I should apologize to you for contacting you at home, my fianc? seemed I should have contacted you at work, and as I am starting to realize she is right in most respects. Thank you once again,
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A: Thank You

Q: tanya: Just a quick update on the LC situation. We sent a renewal request to Enserco yesterday and they said they would get back to us tomorrow. If they don't renew by tomorrow I think that we should send them a notice of Event of Default letter which would give them until Wednesday to cure. If not cured by Wednesday, we could terminate and be in a position to draw on Thursday/Friday. Who can I coordinate with next week on this? Leslie Reeves is checking on a few of them that owe payments this week to see if they have paid. On Vitol, Tom is obtaining a copy of the LC and seeing if they have paid. He is also checking into Ballarpur. Greg Johnston e-mailed me to say that they were handling EPCORE and Engage. We have concluded that nothing can be done on Energy Service Providers, Trafigura and Glencore.
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A: LC's

Q: David: I'm just reviewing your fax and although your recap of the floating rate calculation was correct on the phone, there is no language in the confirm. Were you going to respond to this as well? (interest rate to apply to reduced notional, etc.)
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A:
equity confirm