I did not think the One-Train Contract had been signed. If it has, we
should include it. As I do not have a copy of either contract, I do not
know the answer to your question on GE's ability to ask for assurances
of performance. I should be getting a copy today of the Two-Train
Contract and I will check. I inserted the provision regarding Agent's
giving notice to GE of DevCo's default at Rose's request.
Rob
-----Original Message-----
From:
Sheila.Tweed@enron.com [mailto:
Sheila.Tweed@enron.com]
Sent: Sunday, November 26, 2000 10:41 AM
To: Taylor, Rob
Cc:
Roseann.Engeldorf@enron.com;
Kay.Mann@enron.com;
Lisa.Bills@enron.com;
Ben.Jacoby@enron.com;
hwendell@mdbe.comSubject: Re: GE Consent to Assignment
Rob, why isn't the Pastoria One-Train contract included (it has now been
signed I believe)? If Agent were to give GE notice of Devco's default,
does GE have a rememdy under the turbine contracts to ask for collateral
or
accelerate the payment schedule? I know that GE did not mention this in
our call. What will Devco be able to do, just in case GE asks about
this?
Otherwise the draft l;ooks good and we await GE's comments. The guay at
GE
to send this to by the way is Paul
Miller@ps.ge.com. Thanks!