Attached, please find the 2001 ISDA Cross-Agreement Bridge, blacklined against the last version you received, dated July 26, 2001. In addition, please find a copy of the Commentary on the Bridge. As many of you know, various working groups prepared amendments to the ISDA Master Agreements to be effected through the use of a 2001 ISDA Master Agreement Protocol. In connection with this effort, the Structural Issues Working Group prepared the Cross-Agreement Bridge. Following meetings of the Strategic Documentation Review Task Force in late July and discussions in August and September, it was felt that the Protocol approach was too complicated, from an operational and logistical perspective, given the nature and the number of the proposed amendments. Accordingly, it was decided that the four euro annexes would be separated from the Protocol and compiled in their own 2001 Euro Protocol. The 2001 Euro Protocol is now available on our website and the adherence period ends on November 30, 2001. Annexes 1 to 9 of the Protocol have been prepared as a Form of Amendment to the ISDA Master Agreements. The Form of Amendment, and the Commentary, will be published on ISDA's website late this week or early next week. Work is scheduled to begin on a new Master Agreement and kick-off meetings to discuss the new draft Master Agreement will be held in London later this year. Details will be announced to the Documentation Committee soon. As for the Bridge, it was felt that we should publish this on our website as well. Accordingly, I have attached the drafts for your review. Please note that the "option to disapply" was deleted in this draft, primarily because the version of the Bridge considered by ISDA's netting counsel in late 2000 did not include such an option. I would be grateful if you could review the attached documents by Friday, November 2. I would like to publish these on our website on Monday, November 5. Please do not hesitate to contact me at 212-332-1203 if you have any questions. Thank you very much for your consideration. Kimberly Summe - Marked up version.DOC - Commentary on Cross-Agreement Bridge.DOC
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answer: ISDA Cross Agreement Bridge and Commentary
John, Attached is the Transco guaranty with further revisions. The following items of note were revised. 1. Transco added language stating that this is a performance guaranty. Enron will only provide a payment guaranty. Enron does not have the means to ensure performance by the LLC. Thus the language needs to clearly identify that this is a payment guaranty. As long as Transco gets paid for the transport, I am not sure why this matters. 2. Transco would be able to collect interest for late payments under their tariff. Putting late payment interest in the guaranty would give Transco the ability to recover double interest on late payments. Thus, the interest language in the guaranty was removed. Please review the revised guaranty. I would be happy to discuss these issues with Transco's attorney's at their convenience. Let me know if you have any questions. Thanks.
Answer: Transco Guaranty
Here is an email: Jeff, I fully support Sandeep's request to move Anshuman Srivastav to Houston. I anticipate that we shall be working on Dhabol related issues for the next two years until all the business problems are successfully resolved. Anshuman is a very capable employee, with the right combination of skills to attack the Dhabol modeling challenge. He understands the Indian markets as well as international fuel markets. He has also a very good grasp of power industry fundamentals and of the technology used at the Dhabol power plant. Vince
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A: Help on DPC LNG Options
Q: Because I know you care - I feel terrible today - mostly my head. How can that be if there is nothing there??? I don't know if its alergies or what.
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A: Hey
IN: I am forwarding a draft of the Amended Complaint in the TVA lawsuit. The "control area" causes of action have added to our existing request for declaratory relief on the "delivery point" issue. We would like to file this next week, so please review this asap. My assistant is putting together a conference call for Tues afternoon to discuss.

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OUT: Draft Complaint
IN: This is an email
I believe Jeff Bartlet will be seeking your approval to the standstill provision in the above agreement. I just wanted to make sure that you are aware that Enron Corp. as an affiliate of ENA would be bound by the provision, since (i) it will have access to the confidential information or (ii) if it takes any of the actions prohibited by paragraph 5 of that letter at the direction of ENA. Please let me know if you have any questions about this.

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OUT:
Covanta Confidentiality Agreement