Deborah: I understand that an EES asset is going into an asset trust for Hawaii 125-0 and that ENE wants a back-to-back swap with EES. Is EES the swap counterparty? Sara
Answer: Hawaii Series
Here are my initial comments: There's no clear triggering event which would expedite the internal approval process. For instance, paragraph 3 is a current obligation (re landscaping). It would be easier to process this agreement if the effectiveness of this agreement commences when we file for a building permit. I understand that we would have to pay some of this prior to the time the permit is issued, but again, magic words help. Paragraph 6 on right of first refusal for power. Looks like a free call for the next 30 years. Just want to make sure you've bought in on this. Other than the obvious valuation impact, it could impact a purchaser's ability to obtain project financing. Kay
Answer: Deerfield development agreement
Russell: Our confirms desk has informed me that Aquila Risk Management has not been executing confirmations that are sent to them and apparently the reason for this was that they ere waiting for the Utilicorp Master to be put in place. Now that we have completed the Master, is there some way that we can get these confirms executed? I will send you a list of deals shortly, but I'm assuming that given the language that we have in the Master that there should be no problem in signing the existing confirms that reference the existing Aquila Master. I look forward to hearing from you. Carol
Answer: Unsigned Confirmations
Mark, Long time no see - I hope you're doing well despite the difficult times we're in. Enron Europe Limited entered into administration earlier today, but nobody seems to have much idea or can render any information about the faith of the captioned company and its Nordic power trading business. We are thus pretty much in the dark over here and I wonder if you can you advise us or direct us to somebody that can. Thanks. Martin
Answer:
Enron Capital & Trade Resources International Corp.