Today's mail brought the following news: 1. Metropolitan Water District: MWD has terminated Deal Nos. 790056.01 and 807275.01, effective December 12, 2001. There are two other one-month deals, one beginning in February and one in March. I am confirming with MWD that they intend to terminate those as well, as is required under the WSPP agreement. 2. City of Vernon: City of Vernon has terminated all deals effective December 27, 2001. 3. WAPA is retaining monies due Enron for post-November 30 deliveries while WAPA "assess[es its] set-off rights under the Bankruptcy Code and other applicable law." 4. City of Luzenac has suspended deliveries until January 15, 2002. 5. City of Burbank has terminated all transactions immediately.
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West Power Counterparty Update: 12/31/01