Mark Attached is a draft of the chart of power risks. Let me know if there is anything else you would like me to do on this. We are still in the process of reviewing top exposures with credit. Elizabeth 36349
Answer: Chart - Power risk areas
Please ammend our WIC contract number 41066 to have the term match up to the MDQ. Currently the MDQ goes to 0 after November 30,2009 but the term continues with a 0 MDQ through November 30, 2013. We would like to match up the term with the MDQ so that the term expires on Nomber 30,2009. Your earliest attention to this matter would be greatly appreciated. Thanks,
Answer: Enron North America WIC contract number 41066 ammendment
Barry, The information on the top 10 from your contract list 1. Duferco-Farrell Corp. - Could not find any contract in our database. Do we have the name correct? 2. XTO Energy Inc. - There is no MAC clause in the contract. So they can't terminate unless we fail to perform. One way termination payment 3. Power Authority State of New York - No Master Found. Only a GTC and Master Interruptible. 4. The Peoples Gas Light and Coke Company - Found an old Columbia Energy Marketing and Consolidated Natural Gas Company. No MAC termination clause and no termination payment calculation. If party fails to perform then other party can seek damages. 5. NUI Utilities, Inc. - MAC Clause triggered at BBB-. Two way termination payment 6. Louis Dreyfus Natural Gas - No Master found. Just GTCs and a Master Spot 7. Florida Power and Light Company - MAC Clause triggered at BBB-. FPL can terminate unless we provide LC equal to their Termination Payment. One way termination payment. 8. The American Coal Company - Couldn't find any contracts. 9. Trigen Energy Corporation (Found Trigen-Nassau Energy Corp.) - No MAC Clause. No specific remedy for default (i.e. termination payment) 10. PrimeSouth, Inc. - Could not find any contracts Sorry for the delay. Let me know if you need more information.
Answer: Contract Review
Here's another draft: Note in particular changes in exclusivity (now bilateral), tax abatement (exh. A), termination rights, term. I also made a minor change to dispute resolution. As for their hesitancy to give us trade secrets, these should be covered by the confidentiality provisions, although this version is very basic (see underlined language). I just want to make sure we get the gas supply contract ASAP. We can do a full blown confidentiality agreement that helps. I never heard back from Dutch Bumgardner. I'll get the interconnection agreement started on this end, unless you think otherwise. Hope you are having a good trip. Kay
Answer:
CRM Rev 2