RE: Expiring LC's

Thanks Carol. We are dealing with these. I believe that Energy West is another that expires before the end of December. I will try to give you a call tomorrow on the inter-company swaps under the services agreement, and the effect of counterparty terminations on the book.

Cheers
Greg

-----Original Message-----
From: St. Clair, Carol
Sent: Wednesday, December 19, 2001 3:19 PM
To: Keohane, Peter; Johnston, Greg
Cc: Shackleton, Sara; Sager, Elizabeth
Subject: Expiring LC's

Peter and Greg:

We are holding LC's that expire at the end of December with respect to the following counterparties:

EPCOR Energy Services (Alberta) Inc. ($25 million)(physical)
Engage Energy Canada LP ($!9 million)(financial)

I am assuming that you are aware of this situation and are handling it.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-3393 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com