Enron Mail

From:legal <.hall@enron.com<
To:stephanie.panus@enron.com
Subject:West Power Counterparty Update: 12/31/01
Cc:tim.belden@enron.com, f..calger@enron.com, christian.yoder@enron.com,jake.thomas@enron.com, sean.crandall@enron.com, chris.mallory@enron.com, tom.alonso@enron.com, mark.fischer@enron.com, diana.scholtes@enron.com, bill.williams@enron.com, diane.cuts
Bcc:tim.belden@enron.com, f..calger@enron.com, christian.yoder@enron.com,jake.thomas@enron.com, sean.crandall@enron.com, chris.mallory@enron.com, tom.alonso@enron.com, mark.fischer@enron.com, diana.scholtes@enron.com, bill.williams@enron.com, diane.cuts
Date:Mon, 31 Dec 2001 14:34:49 -0800 (PST)

Today's mail brought the following news:


1. Metropolitan Water District: MWD has terminated Deal Nos. 790056.01 and 807275.01, effective December 12, 2001. There are two other one-month deals, one beginning in February and one in March. I am confirming with MWD that they intend to terminate those as well, as is required under the WSPP agreement.

2. City of Vernon: City of Vernon has terminated all deals effective December 27, 2001.

3. WAPA is retaining monies due Enron for post-November 30 deliveries while WAPA "assess[es its] set-off rights under the Bankruptcy Code and other applicable law."

4. City of Luzenac has suspended deliveries until January 15, 2002.

5. City of Burbank has terminated all transactions immediately.