Mark, In the course of two conversations with Paul Chymiy, he identified 5 credit issues. They are: 1) The Credit Agreement is for a term of 364 days so it terminates on 12/21/01. They will enter into a new credit agreement but not on identical terms and not necessarily with the same lenders. 2) NUI Corp. does not have credit rating since the reorganization. The credit rating should be tied to NUI Utilities. 3) The MAC should be BBB instead of BBB- for Customer. 4) NUI Utilities no longer owns the common stock of Elizabethtown and City Gas. They are now divisions of NUI Utilities. 5) The treasurer will not agree to (xiii) in Section 5 of the Transaction Agreement concerning additional debt. Stacy
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answer: NUI Credit Issues
This is awesome!!! Have a great weekend... "We live in deeds, not years: In thoughts not breaths; In feelings, not in figures on a dial. We should count time by heart throbs. He most lives Who thinks most, feels the noblest, acts the best." - David Bailey
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answer: Quote of the day
Hello from Texas. It's probably been about six years since we last spoke but I thought I'd drop you a line to see how you were doing. I saw Pete Datos for brunch when I was in town a couple of years ago and he seemed to be fine but I have been very bad about staying in touch with people. Ted Bockius & I are still together - he works at an internet start-up company doing their public relations work. I'm still a corporate lawyer at Enron working on financial contracts and e-commerce stuff. I get to nyc 3 or 4 times a year so we should get together for a drink or a meal some time and catch up. Hope you are well. Mark
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answer: Voice from the past.....
ICE VOLUMES Delivery Pt. Mid-C NP-15 Palo Palo Palo SP-15 SP-15 Energy Type Firm On Peak Firm On Peak Firm On Peak Firm On Peak Firm On Peak Firm On Peak Firm On Peak Term Apr-01 Q3-01 Next Day Apr-01 May-01 Next Day Apr-01 Avg. Price 297.50 295.00 242.50 242.50 255.00 244.00 240.00 Total Volume 10,000 MWhs 30.400 MWhs 1.600 MWhs 30,000 MWhs 10.400 MWhs 1,600 MWhs 10,000 MWhs
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answer:
Daily EOL Summary 3/1