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Cc: cthompson@bracepatt.com, jsonnenberg@bracepatt.com
Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: cthompson@bracepatt.com, jsonnenberg@bracepatt.com X-From: Steve Van Hooser X-To: Elizabeth Sager X-cc: cthompson@bracepatt.com, jsonnenberg@bracepatt.com X-bcc: X-Folder: \Elizabeth_Sager_Jun2001\Notes Folders\All documents X-Origin: Sager-E X-FileName: esager.nsf Liz, The attached draft Asset Management Agreement (clean and latest marked copy received from Milbank Tweed) documents essentially two separate transactions. Article 2 governs EPMI's duties as an administrator and overseer of NCPH's contractual and physical assets. Article 3 governs EPMI's obligations to market power and capacity from the 2 NCPH plants. I am told by the key originator, Heather Kroll, that EPMI has a number of these types of transactions in place and/or in the works. The primary reason for my call to you last week was to confirm that EPMI is not regulatorily or otherwise prohibited from engaging in the 2 separate types of transactions described above. Any thoughts you may have on the subject would be very much appreciated. Thanks, Steve Van Hooser
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