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Enron Mail |
David, Have you received any guidance on this from Jean yet? - Mike
-----Original Message----- From: Portz, David Sent: Wednesday, May 16, 2001 11:35 AM To: Ryall, Jean Cc: Curry, Mike; Day, Smith; Miller, Jeffrey; Sager, Elizabeth Subject: QSE Liability Query Jean -- Could you please determine how (if at all) the Protocols will treat these specific circumstances: When a QSE becomes unable to pay its obligations to the ERCOT ISO, does the ERCOT ISO have any ability (or is there any guidance anywhere on whether it will have any ability) to impose liability on the remaining functioning QSEs to cover dollar liabilities of the defaulting QSE not satisfied by the defaulting QSE's credit support? Mike Curry said a while ago that he understood the the new CFO in ERCOT to be gearing up to address/resolve this issue. For purposes of the QSE agreements Enron Power Marketing, Inc. is trying to complete with customers, we are seeking as much information on this as possible, when and as available. I understand that in California the ISO sought to impose such liabilities on the remaining healthy scheduling entities, which authority remains in dispute. Please call Mike or me to discuss if the substance of this query if not clear. Thanks, David Portz ENA Legal (tel.: 713-853-9239)
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