In connection with the execution of the new ISDA Master Agreements between ECT and ECT Canada and PG&E Energy Trading Gas Corporation and PG& E Energy Trading, Canada Corporation, we, and they, will be issuing new "umbrella" guarantees that will cover all transactions between the above entities and also cover EPMI and PG&E Energy Trading - Power, L.P. and CEG Energy Options Inc. (a PG&E affiliate) These new guarantees will cover all physical, financial and power transactions between the above parties. I have sent them the original of my Enron Corp. Guaranty for $105,000,000 and have received in the original of the PG&E Corporation Guaranty for $100,000,000. Rod is resolving whether we agreed to increase the Enron Corp. guaranty to $110mm. In connection with the issuance of the new bilateral guarantees I need to return to them the originals of the following PG&E guarantees: (1) PG&E Corporation Guarantee dated as of March 28, 1998 covering business between Enron Power Marketing, Inc. and PG&E Energy Trading - Power, L.P., (2) PG&E Corporation Guarantee dated as of June 5, 1998 in favor of Enron Power Marketing, Inc. covering physical transactions, and (3) PG&E Energy Trading Corporation Guaranty dated March 11, 1997 covering physical business with ECT Canada. I will also be returning to you the returned originals of the Enron Corp. Prior Guarantees.
Write a subject line for this email.
Need Documents