Fwd: FW: EEI Collateral Documentation

fyi
----- Forwarded by Elizabeth Sager/HOU/ECT on 06/06/2001 01:45 PM -----

"Andy Katz" <AKatz@eei.org<
06/06/2001 01:35 PM

To: <elizabeth.sager@enron.com<
cc:
Subject: Fwd: FW: EEI Collateral Documentation

One of two comments received on Collateral Annex documents

Andrew S. Katz, Director Industry Legal Affairs
Edison Electric Institute
701 Pennsylvania Avenue, N.W.
Washington, D.C. 20004
Voice: 202-508-5616
Fax: 202-508-5673
e-mail: akatz@eei.org
- TEXT.htm
Received: from pitbull.ep.hess.com (ns.ameradahess.com [207.51.255.129]) by
mail.eei.org; Tue, 05 Jun 2001 17:12:38 -0400
Received: from hacnte03.ep.hess.com by pitbull.ep.hess.com via smtpd
(for mail.eei.org [204.254.108.2]) with SMTP; 5 Jun 2001 21:19:50 UT
Received: from wdb-ex-001.rm.hess.com (wdbex001.rm.hess.com [10.103.10.17])
by hacnte03.ep.hess.com with SMTP (Microsoft Exchange Internet Mail Service
Version 5.5.2650.21) id LQBNCY6M; Tue, 5 Jun 2001 16:19:49 -0500
Received: by wdbex001.rm.hess.com with Internet Mail Service (5.5.2448.0) id
<MJ9CSD7J<; Tue, 5 Jun 2001 17:19:41 -0400
Message-ID: <7911DD490C96D311B6AA00508B63B97A03A4326A@wdbex003.rm.hess.com<
From: "Crespo, John" <jcrespo@hess.com<
To: "'akatz@eei.org'" <akatz@eei.org<
Subject: FW: EEI Collateral Documentation
Date: Tue, 5 Jun 2001 17:19:29 -0400
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2448.0)
Content-Type: text/plain; charset="iso-8859-1"

Andy, we didn't have too many comments, but here they are:

< -----Original Message-----
< From: Cerria, Chuck (Commodities - NY)
< Sent: Tuesday, June 05, 2001 4:16 PM
< To: Crespo, John
< Cc: Butala, John (Commodities - NY); Trivino, Grimuald (Commodities -
< NY)
< Subject: EEI Collateral Documentation
<
< We concur with Enron's and AEP's comments, except as follows:
<
< 1.Interest should be payable on cash collateral held each month and upon
< return of the collateral.
< 2. 15 days to expiry should be the trigger on LC's so that if the LC does
< not auto renew, the pledgee can draw down on the LC when the expiry is
< within 15 days.
<

- Andy Katz.vcf