|
|
Enron Mail |
intercompany trades do not necessarily terminate upon bankruptcy - the parties don't have to perform but for valuation purposes the market positions are not terminated until notice is sent. I've been talking to Jim and others to help determine when we should get the trades officially terminated. This issue needs to be addressed soon.
Elizabeth Sager 713-853-6349 -----Original Message----- From: Presto, Kevin M. Sent: Friday, December 14, 2001 7:35 PM To: Sager, Elizabeth Cc: Herndon, Rogers; Padron, Juan Subject: FW: Cal'02 - '03 RTC CALL OPTION -- NYISO Z-G Elizabeth, My understanding is that all inter-company transactions were terminated upon bankruptcy. Is this correct? -----Original Message----- From: Padron, Juan Sent: Fri 12/14/2001 2:58 PM To: Presto, Kevin M. Cc: Herndon, Rogers; Misra, Narsimha Subject: Cal'02 - '03 RTC CALL OPTION -- NYISO Z-G Kevin - In the event that the agreement reached on February 09, 2000 between EESI and EPMI (regarding EESI's purchase of a Call Option under the terms stated below) still good, EESI shall exercise that Call Option. Term: 1/1/02 to 12/31/03; HE 0100 to HE 2400 Strike: $32.50 / MWh Premium: $1.90 / MWh Quantity: 50 MW Firm Del Point: NYPP Z-G - Juan
|