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Cornerstone has an ISDA which was terminated effective 11/28/01. They have two outstanding invoices (possibly others that I am not aware of) in the amounts of $1,747,664.00 and $234,418.54. Other outstanding invoices must be related to physical transactions.
Legal's termination log contains the following comment: "Cornerstone will make no further payments or delivery." Hope this helps. -----Original Message----- From: Germany, Chris Sent: Monday, April 01, 2002 9:17 AM To: Dicarlo, Louis; Boyt, Eric Cc: Hamic, Priscilla Subject: FW: Cornerstone, MidAmerica It looks like Cornerstone Propane, L.P. has not paid their December invoice for physical or financial. Is there anything going on with them that you guys are aware of? -----Original Message----- From: Hamic, Priscilla Sent: Monday, April 01, 2002 9:05 AM To: Germany, Chris Subject: Cornerstone, MidAmerica Neither of these companies have paid us for December 2001 gas. MidAmerica is probably holding payment for forward value, I don't know about Cornerstone. Both had invoices sent to them for December sales. Attached is Cornerstone's SAP balance. Call me if you need any further information. << OLE Object: Picture (Metafile) << Priscilla Hamic Enron North America Corp. Tel: 713-345-3736 Fax: 713-646-8420 E-mail: priscilla.hamic@enron.com
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