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----- Forwarded by Elizabeth Sager/HOU/ECT on 06/06/2001 01:47 PM ----- "Andy Katz" <AKatz@eei.org< 06/06/2001 01:36 PM To: <elizabeth.sager@enron.com< cc: Subject: Fwd: Collateral Annex Two of two comments received. 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 mail.acespower.com (aces-229.iquest.net [206.53.252.229]) by mail.eei.org; Tue, 05 Jun 2001 15:05:36 -0400 Received: by ACESEX01 with Internet Mail Service (5.5.2653.19) id <M2CR7RSZ<; Tue, 5 Jun 2001 14:10:11 -0500 Message-ID: <52C0BE7FBF4BD411A6B100508B5EB720494148@ACESEX01< From: Lou Vitale <LouV@acespower.com< To: "Andy Katz (E-mail)" <andykgc@eei.org< Subject: Collateral Annex Date: Tue, 5 Jun 2001 14:10:10 -0500 MIME-Version: 1.0 X-Mailer: Internet Mail Service (5.5.2653.19) Content-Type: text/plain; charset="iso-8859-1" Andy Perhaps we could clarify the following issues at our next meeting: * Is there a difference between credit assurances and performance assurances? * Is a guarantee considered a credit assurance or a performance assurance? * In sections 8.1 © and 8.2 ©, I am not sure that a margin call is clearly defined. I believe that initial performance/credit assurance such as a guarantee to support a collateral threshold should be excluded from this definition, otherwise you would be reducing the overlimit amount by the amount of the guarantee posted at the time of contract execution. Your comments would be appreciated. Regards Lou Vitale ACES Power Marketing LLC Ph: 317- 344-7111 Fax: 317- 344-7001 Cell: 317- 696-9466 email: louv@acespower.com - Andy Katz.vcf
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