FW: Collateral Notification

-----Original Message-----
From: Ngo, Tracy
Sent: Thursday, May 31, 2001 4:49 PM
To: Yoder, Christian
Subject: RE: Collateral Notification - EPMI

Can you pass this along to Elizabeth to ensure Sanders is on board as well?
We are renewing our L/C's on a month to month basis for the PX per Sanders.
However, the request below is to "replenish" the CASH that was drawn
down...please advise.

-----Original Message-----
From: Yoder, Christian
Sent: Thursday, May 31, 2001 4:48 PM
To: O'Neil, Murray P.
Cc: Hall, Steve C.; Ngo, Tracy
Subject: RE: Collateral Notification - EPMI

I agree with Steve's position stated in his separate e'mail. Don't give
these guys a penny.----cgy

-----Original Message-----
From: O'Neil, Murray P.
Sent: Thursday, May 31, 2001 2:45 PM
To: Ngo, Tracy
Cc: Hall, Steve C.; Yoder, Christian
Subject: FW: Collateral Notification - EPMI

Tracy, Do we have concerns here. We pointed out to the PX that there was
excess credit. By using collateral to pay these bills are we not keeping
required levels available?

MO

-----Original Message-----
From: <Don_Deach@calpx.com <mailto:Don_Deach@calpx.com<<@ENRON
[mailto:IMCEANOTES-+3CDon+5FDeach+40calpx+2Ecom+3E+40ENRON@ENRON.com]
<mailto:[mailto:IMCEANOTES-+3CDon+5FDeach+40calpx+2Ecom+3E+40ENRON@ENRON.com]<

Sent: Thursday, May 31, 2001 2:41 PM
To: EPMI@calpx.com <mailto:EPMI@calpx.com<; BFM-EPMI@calpx.com
<mailto:BFM-EPMI@calpx.com<
Cc: Lynn_Miller@calpx.com <mailto:Lynn_Miller@calpx.com<;
Susan_D_Rossi@calpx.com <mailto:Susan_D_Rossi@calpx.com<;
Lisa_G_Urick@calpx.com <mailto:Lisa_G_Urick@calpx.com<;
Clark_R_Cheng@calpx.com <mailto:Clark_R_Cheng@calpx.com<
Subject: Collateral Notification - EPMI

Participant:

Pursuant to your written request and in accordance with the
Preliminary
Injunction issued on March 5, 2001 by the Court in Enron Power Marketing,
Inc.,
et al. v. California Power Exchange Corporation, USDC Case No. 01-00901,
the
California Power Exchange Corporation (CalPX) applied cash collateral
maintained
by Enron Power Marketing, Inc. in payment of the following invoices:

Dec RT F $ 15,297.24
Jan RT P $ 64,547.04
Jan RT F $ 2,255.74

Enron Power Marketing, Inc. has not restored such collateral. Please be
advised
that the Preliminary Injunction requires CalPX market participants to
maintain
their current levels of collateral while the FERC Proceeding and the
Preliminary
Injunction are in effect, and allows CalPX to take any necessary actions
to
preserve such collateral.