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Enron Mail |
Dear Elizabeth,
Attached is the Mid-C Call Option Confirmation you reviewed this morning. Many of the changes you suggested were quite valid - thanks for that! The only modifications that we would prefer not to accept were the ones to "Delivery Point" and in the last line of the "Description of Transaction". Regarding the former- we would rather not place specific parameters as to how to chose the replacement DP (this goes for all of our counterparties, not just Enron). Which DP will be similar to the original DP in terms of homogeneity and liquidity to us or to Enron is truly subjective, and furthermore we would not want to agree to stricter parameters with Enron than with other counterparties . The reality is that the parties are likely to disagree on the replacement DP when and if this event occurs, and thus the method for resolving this and any other dispute is arbitration under Section 10.2 of the EEI Master. Please let me know if the attached revised draft Confirmation will be acceptable to you. Thanks, Shari 713-207-5233 (See attached file: Enron Gas Daily Call Option Revised (5.10.01).doc) - Enron Gas Daily Call Option Revised (5.10.01).doc
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