IN: This is an email
I don't know if you have spoken with Susan Flynn about her schedule before/after her surgery, but I have some questions that you may have already addressed, such as: Has Susan prepared a matrix reflecting the status of documentation (i.e., existing masters, agreements to use ENA master/terminate counterparty master,etc.) with the various CES counterparties? Carol mentioned that she could finalize this project. Will someone receive be checking Susan's email and voice mail and physical mail each day? What efforts (if any) are ongoing with respect to PGE? What about existing files? Top Tens (Swiss Re)? Any ISDA comparisons could be accelerated by giving directly to attorneys. Who will prepare reports for legal/credit meeting? Who is entering year-end deals onto Lotus Notes? Should Susan Bailey handle per Carol's suggestion? I'm sure that everyone in the group would appreciate a better understanding of how to handle the situation. Thanks. Sara

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OUT: Susan Flynn

IN: This is an email
Attached for your approval is the form of Enron Corp. Guaranty in favor of the referenced Counterparty, which guarantees the obligations of ENA under a financial confirmation. We will need the standard executed copy. Upon approval and execution, please call me at x33399 to pick up the documents. Thank you for your assistance in this matter.

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OUT: Comercializadora Metrogas, S.A. de C.V.

IN: This is an email
Rod and Brant: I finally received their revised draft of the Schedules. They are still insisting on an Additional Termination Event that gets triggered if there is a MAC. As defined, MAC means a rating that is below BBB- OR Baa3 or failure to have a rating from either S&P OR Moody's. I need your guidance on this. MAC as defined in the CSA which triggers the threshold going to zero works the same way. I seem to recall that from a credit standpoint, we were okay with a MAC that would be triggered if either rating fell. Is that correct? Carol

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OUT:
Idacorp