Q: (See attached file: ngcot060402.pdf)(See attached file: clcot060402.pdf) This message and any attachments (the "message") is intended solely for the addressees and is confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval. The internet can not guarantee the integrity of this message. BNP PARIBAS (and its subsidiaries) shall (will) not therefore be liable for the message if modified.
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A: BNP Paribas Commodity Futures Commitment to Traders Report for 06/04/02

Q: Below is a summary of the surety bond issues that I believe we need to resolve in order to feel comfortable accepting it as a form of collateral to secure a counterparty's obligations with respect to physical power purchase and sale transactions: 1. Determine whether an issuer can refuse to honor a draw made under a surety bond if after issuance, it determines that the bond was issued in violation of the appleton statute. What type of legal comfort should we receive from the issuer at the outset to get comfortable that the bond was validly issued and is enforceable against such issuer? 2. Determine the proper minimum credit rating(s) that should apply to the issuer. 3. In the form of bond that we were given, the "Now Therefore" language in the third paragraph is not acceptable. Determine what can be said in its place to establish the necessary linkage back to the transaction covered by the Confirmation. 4. Make sure that the bond can be drawn down no matter what type of Event of Default occurs, even if such event is not related to the transaction that the bond references. The Notice of Claim language needs to be written more generically to accommodate this. 5. Does credit need a "pre-bankruptcy" trigger that would require Reliant to convert all outstanding bonds into LC's or cash collateral? If so, what would this trigger be? Let me know if you have any additional issues. I will be discussing some of these with our outside counsel shortly.
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A: Surety Bond Issues

Q: I have some of your mail and I am not sure of your location. If you would like to stop by ESC06406 and pick it up or give me a call and I can forward it to your assistant that would be great. Thanks,
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A: Mail

Q: I had a good interview with Andy yesterday. He is a strong candidate and you may want to consider him for origination and mid-marketing opportunities. His resume is attached below. I highly recommend Andy and if you are interested in talking with him, please contact Shanna Funkhouser to arrange an interview. Thanks.
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A:
Meeting followup