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Enron Mail |
Gary,
Thanks for your e-mail, attached is a sample of our Master. I notice we currently have a Master in place with PPL Gas Utilities? In response to your previous e-mail my comments are as follows: We cannot agree to both parties confirming. ENA prefers to be the confirming party. Section 13.5 NY law is fine. Our netting language is a stated below: In the event that Buyer and Seller are each required to pay an amount in the same Month hereunder, then such amounts with respect to each Party may be aggregated and the Parties may discharge their obligations to pay through netting, in which case the Party, if any, owing the greater aggregate amount may pay to the other Party the difference between the amounts owed. Your suggest to stipulate a 30 day limitation on usage for the contract is not necessary as this condition is stated at the bottom of the first page in the disclaimer. With regards to limitation, we do not limit transactions to one year. Finally, with regards to the Master, our credit department will need to speak to someone in your office for credit information. Best regards, Debra Perlingiere Enron North America Corp. Legal Department 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron.com Phone 713-853-7658 Fax 713-646-3490
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