Tanya: Here are the credit related comments that we received from Quaker Oats' counsel: 1. They prefer Market Quotation instead of Loss. This will obviously be a discussion point given the type of commodity that we anticipate. trading with them 2. They want a Minimum Transfer Amount just for them of $250,000. 3. They want to reduce rounding to $25,000. 4. They do not want the provisions of section 6(c) of the CSA to apply at any time. 5. They deleted the concept that a party holding an LC could draw on it if there was an Event of Default, meaning that we would have to wait to terminate and have a payment obligation owing to us before we could draw. 6. They do not want any LC to be transferable. 7. They want the Enron Guaranty to cover our obligation to return collateral taht has been posted to us, which I guess means that if we didn't return collateral to them then they could go after Enron for that amount. Without this language they would have to declare an Event of Default, terminate and then go after Enron for any amount that we owed them. To the extent that we were holding cash colateral, they could offset that amount against amounts that they might owe us. This is an interesting issue and one that I have not seen before. 8. They want the Guaranty cap to be rased to $25,000,000. Where does this ISDA stand on the priority list? Is this something I should try to push forward in the next week or 2 while I am hear or can it wait? Carol
Q: What is a potential subject line for this email?
answer: Quaker Oats
Tonight, all 1-month West Power products will be un-tokenized. This means they will no longer roll automatically on the last day of the month (on October 1st, your November product will not change to December, but will remain November). Please contact us should you have any questions.
Q: What is a potential subject line for this email?
answer: Untokenizing 1-Month West Power Tonight
Greg/Phillip, Attached is the Grande Communications Service Agreement. The business points can be found in Exhibit C. I Can get the Non-Disturbance agreement after it has been executed by you and Grande. I will fill in the Legal description of the property one I have received it. Please execute and send to: Grande Communications, 401 Carlson Circle, San Marcos Texas, 78666 Attention Hunter Williams. <<Bishopscontract.doc>>
Q: What is a potential subject line for this email?
answer: Service Agreement
Guys, I would like you to consider the following people to provide the basis of your producer marketing team. They are being re-deployed out of the upstream services group and have significant experience and relationships in the producer services market segment. They can provide mid-market coverage, producer outsourcing, well-head purchases, etc. As per our previous discussion, these folks will be your producer team and will provide all ENA's products to the segment. Please keep this confidential - but please speak with Jean Mrha. The names include: Linda Roberts - director - lead the central region; Mary Jo Johnson - manager - central region (wait until post HPL sale); Jill Zivley - director - lead the east region; Gary Bryan - director - east region; Jennifer Martinez - manager - east region; Bill Brogan - manager - east region; Kreg Hall - analyst - east region; Brian Riley - director - east region (wait until post HPL sale). Both Brian and Mary Jo are inside HPL and if sold would interview with the buyer first and then would be available for ENA - lets wait on these folks until post sale. Lets make a strong effort to accomodate these folks given their experience and availability. Regards
Q: What is a potential subject line for this email?
answer:
Producer Services