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Enron Mail |
The balance due to GE is being escrowed at closing, with standing
instructions to release payments to GE on a fixed payment schedule. I will email you the current draft of the instructions. Kay "Shoemaker, Kent (GEAE)" <kent.shoemaker@ae.ge.com< on 04/09/2001 07:24:06 AM To: Kay.Mann@enron.com cc: "Lee L Johnson (PS, GE AEP) (E-mail)" <lee.johnson@ps.ge.com< Subject: RE: Salmon Energy Turbine Agreement Kay: This financing transaction is much more "involved" than others. I know nothing about Pegasus Power or Salmon. What comfort are we getting that we will get paid. Is there an LOC in place. Are there guarantees to back up these debt financing. Is GE secured in preference to this debt. Kent -----Original Message----- From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com] Sent: Friday, April 06, 2001 4:12 PM To: kent.shoemaker@ae.ge.com Subject: Salmon Energy Turbine Agreement Hi Kent, I can get a redline done for you if you want to tell me what it should be redlined against. I don't know about getting rid of the requirement for the inhouse counsel opinion. Maybe after you look at things we can discuss it. Thanks, Kay ---------------------- Forwarded by Kay Mann/Corp/Enron on 04/06/2001 03:08 PM --------------------------- "Thompson, Peter J." <pthompson@akllp.com< on 04/02/2001 04:56:21 PM To: "Kay Mann (E-mail)" <kay.mann@enron.com< cc: "Pipitone, Paul" <paulpipitone@akllp.com< Subject: Salmon Energy Turbine Agreement Attached please find the latest Salmon Energy Turbine Agreement (second document below), as well as a blackline (first document below) showing changes made to the version circulated last Friday. Pursuant to your instructions, the performance values in Article 10 are per the 24 Unit master agreement. In addition no changes have been made to the Maximum or Unit Liability Amounts or payment schedule. To complete the agreement, we will need to insert the date of execution and Exhibit H-2. <<Comparison of Versions 2 to 3 of Salmon Energy Agreement.DOC<< <<Salmon Energy Agreement - Version 3.DOC<< (See attached file: Comparison of Versions 2 to 3 of Salmon Energy Agreement.DOC) (See attached file: Salmon Energy Agreement - Version 3.DOC)
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