Enron Mail

From:kevin.hyatt@enron.com
To:eric.gadd@enron.com
Subject:Az Public Service update on Sun Devil
Cc:
Bcc:
Date:Mon, 11 Feb 2002 08:37:06 -0800 (PST)

I just spoke with Curt Brechtel from APS this morning. I had called him last week asking for feedback related to our latest Sun Devil offer to them. He reviewed our offer with Tom Carlson. Tom has 2 issues (listed by priority):

1) Enron credit rating and where the pipelines stand with the current financial situation.

Do we have a timeline wherein the pipes (specifically TW) will have its own credit rating?

2) Full requirements contract settlement at FERC

APS still has no idea where this process will lead as far as their volume requirements are concerned. APS is still comfortable committing 100,000 MMBtu/d to Sun Devil, but likely not the 200,000 we asked for (though 100,000 with an option to increase is a possibility).