I forgot to mention something yesterday. 3 (g) states that within 10 days of closing we will provide Coral with the documents on Exhibit T. I personally do not know if we have all the documents listed. We need to either verify that we have these documents, or add some language about providing the ones in our possession. Thanks,
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answer: Coral letter agreement
I've gotten a bit more educated about IT revenue crediting since you asked your question yesterday. "IT revenue crediting" is an industry term used to describe a requirement (brought about either by a FERC order or a rate case settlement) that IT revenues in excess of a certain dollar amount will be credited back to all firm shippers in the next rate proceeding or thru some refund mechanism. Transwestern is currently not under any IT revenue crediting obligation, and I would be very hesitant to negotiate any such obligation with any individual shipper because then we would have to do the same for all firm shippers on a nondiscriminatory basis. If you need more info, let's talk.
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answer: IT revenue crediting
Mr. Lay: It was good to see you down on the trading floor today. I have been in the power trading group for about a year now. I came over from the corp. development group after we sold the peakers to Allegheny and to Cinergy. I was the one who convinced my Dad to buy those two peakers. The power trading group is a really solid group of individuals. Sitting where I do I see and hear alot of what goes on in the heart on Enron and I feel that this part of the company is doing really well. I have been with Enron for over four years now and I continue to learn alot as well as contribute to Enron's bottom line. Eventhough Enron's stock price has come off a little I still think this is a great company and that the overall fundamentals are very sound. I hope all is going well! Regards,
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answer: Power Trading Group
Steve: Just thought I'd follow up since our conversation of 9/13 to see if you have had an opportunity to redraft the ISDA Schedule and CSA, and, whether you have reviewed the guaranty which Tana Jones delivered to you shortly thereafter. Please feel free to give me a call at 713-853-5620. I will be on vacation from Oct. 6 - Oct. 13. I look forward to hearing from you. Sara
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answer:
Deutsche Bank AG master agreement