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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mazowita, Mike </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MMAZOWIT< X-To: Parks, Joe </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jparks< X-cc: X-bcc: X-Folder: \ExMerge - Parks, Joe\Deleted Items X-Origin: PARKS-J X-FileName: joe parks 6-26-02.pst FYI -----Original Message----- From: ROBERT.TRABAND@jpmorgan.com [mailto:ROBERT.TRABAND@jpmorgan.com] Sent: Monday, March 04, 2002 1:04 PM To: Hill, Garrick Cc: ROBERT.TRABAND@jpmorgan.com; jeffsmirin@txu.com; Mazowita, Mike Subject: Re: FW: Tenaska IV Texas Partners, Ltd./Ponderosa Pine Energy L.L.C. CleburnePowerPlant Rick, The l/c is still in effect. Based on the language of the l/c, in order to terminate the l/c, JPMorgan Chase would have had to notify Lone Star Gas if its intent to not renew at least 30 days prior to the maturity date. Given that such notice was not provided, the maturity date was automatically extended for 12 months. The l/c is currently scheduled to expire on Jan 11, 2003, and continues to be governed by the "evergreen" feature. Rob Garrick.Hill@enron.com on 02/28/2002 05:45:54 PM To: ROBERT.TRABAND@jpmorgan.com cc: jeffsmirin@txu.com, Mike.Mazowita@enron.com Subject: FW: Tenaska IV Texas Partners, Ltd./Ponderosa Pine Energy L.L.C. Cleburne PowerPlant Hi Rob: I'm hoping you can help with this. Lone Star is asking to verify that the LC required under the gas transportation agreement between Lone Star Gas Co. and Ponderosa Pine Energy Partners, Ltd. is presently in effect per the terms of that agreement. Jeff Smirin at TXU is looking at the document you sent to me earlier today. He would like verification (which I think needs to come from you) that there has been no termination and that LC#770769 is effective through 1/11/03. Please confirm these facts by responding to this e-mail with a Cc: to jeffsmirin@txu.com. Thanks, Rick Hill Enron North America Corp. (713) 853-6027 -----Original Message----- From: jeffsmirin@txu.com [mailto:jeffsmirin@txu.com] Sent: Thursday, February 28, 2002 5:33 PM To: Hill, Garrick Subject: Tenaska IV Texas Partners, Ltd./Ponderosa Pine Energy L.L.C. Cleburne PowerPlant Pursuant to our discussion, please provide documentation proving that the discussed Letter of Credit related to this contract dated August 1, 1994 is still in effect and what the maturity date of the referenced Letter of Credit is. My fax number is 214-875-5134. Thanks for your help. ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. ********************************************************************** This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of J.P. Morgan Chase & Co., its subsidiaries and affiliates.
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