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Mike-
As discussed, attached please find the agreement we currently use to document physical power transactions. It is the EEI Master Power Purchase and Sale Agreement and is comprised of boiler plate language (see "EEI Master (6) 4-25-00") and a Cover Sheet where the relevant elections are made (see "EEI Master CS with Prior Transactions"). For your purposes, please look at Article 8 in the boilerplate as it sets forth the language regarding collateral requirements. I think you will be most interested in Articles 8.1© and 8.2 ©. Then, in the Cover Sheet, look on p. 2 under Article 8. This is where the relevant threshold numbers, etc... are inserted. Please call me if you have any questions - I will be happy to help guide you through it. Kind regards, Shari Stack Enron North America, Legal Department Tel: (713) 853-9477
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