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Enron Mail |
Below is the covenant we have in the PSA regarding release of the gas credit
support. When will a shipper be required to put up the credit support? Would anticipate we would have trouble obtaining a written release from Kern if Calpine agreed to provide the required support? Would we receive a written release if Enron puts up a guarantee (which by definition covers the entire 15-year term) and Calpine puts up a three year evegreen LC? Thanks.
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