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Enron Mail |
Mark (and Mark) are there any concerns with Enron Direct Canada (EDC) (the
mass markets retail affiliate, that is soon to be a subsidiary of EES) as opposed to Enron Canada (as wholesale affiliate of ENA) entering into financial transactions? To date EDC has been entering into physical transactions only for gas and power under forms that have been developed based upon our wholesale physical contracts, Enron Direct UK's form, and compliance with the local regulatory requirements for retailers. If EDC was to enter into financial transactions, they would tend to be papered under omnibus financial GTCs with EDC (as ISDAs would likely not be marketable). Of course credit would need to be obtained in advance, and the transactions are not booked until the counterparty executes the paper. Please let me know. Peter.
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