RE: Allegheny Term sheet and contract comments

Gregg,

My thoughts on Allegheny's changes to the Master are similar to Mary's. I am
generally fine with the changes except 1) I would counter with lowering the
liquidated damages to 10 cents (ultimately, this is a business decision) and
2) I would tell them that we need arbitration. In some respects, it is more
likely that disputes would arise under this type of deal so it is even more
important to have arbitration. Please let me know if you want me to talk to
anyone at Allegheny about their changes.

Stacy
----- Forwarded by Stacy E Dickson/HOU/ECT on 04/11/2001 01:50 PM -----

m.klyasheff@pecorp.com
04/10/2001 04:23 PM

To: RRodrig5@enron.com, Gregg.Penman@enron.com, t.hermann@pecorp.com,
r.dobson@pecorp.com, r.rodriguez@pecorp.com
cc: Stacy.E.Dickson@enron.com, jeffrey.t.hodge@enron.com, s.halfin@pecorp.com
Subject: RE: Allegheny Term sheet and contract comments

Attached, for your review, are my comments on Allegheny' proposed
revisions to the enovate Master Agreement. The short answer is that I do
not oppose any of the changes, but there are at least two items that I
consider business decisions.
<<Allegheny Master K memo 04-10-01.doc<<

< ----------
< From: Rodriguez, Roy
< Sent: Monday, April 09, 2001 5:02 PM
< To: 'RRodrig5@enron.com'; 'Greg Penman'; Hermann, Timothy; Klyasheff,
< Mary P.; Dobson, Richard E.
< Subject: Allegheny Term sheet and contract comments
<
< <<File: Master Gas Firm Purchase Sale Agreement - clean
< 3Apr01.doc<<<<File: Master Gas Firm Purchase Sale Agreement - marked
< 3Apr01.doc<<
< Attached are comments from Allegheny, please review and provide comments
< to me by Wed. afternoon or earlier if possible.
<
< Thanks everyone
<
< -----Original Message-----
< From: Kostiner, Barry (CICG - NY SWAPS)
< [mailto:bkostiner@exchange.ml.com]
< Sent: Monday, April 09, 2001 4:53 PM
< To: 'r.rodriguez@pecorp.com'
< Cc: Kapoor, Ravi (CICG - NY SWAPS)
< Subject: FW: enovate
<
<
< I made an additional revision, changing CCT to CPT for the time zone.
<
< < Attached are the clean and blacklined versions of the enovate Gas
< Agreement and Confirmation.
< <
< < < <<Balancing Service Term Sheet - clean 3Apr01.doc<< < < <<Balancing
< Service Term Sheet - marked 3Apr01.doc<< < < <<Master Gas Firm Purchase
< Sale Agreement - clean 3Apr01.doc<< < < <<Master Gas Firm Purchase Sale
< Agreement - marked 3Apr01.doc<<
< <
< <
<

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- Allegheny Master K memo 04-10-01.doc