Re: Vitol SA

You are right! Sorry about that.

From: Tanya Rohauer
05/10/2000 02:32 PM

To: Sara Shackleton/HOU/ECT@ECT
cc: Rod Nelson/HOU/ECT@ECT
Subject: Re: Vitol SA

I don' think we ever replaced Aquila with an ISDA. We sent one out, but they
then decided to use Utilicorp, right? I'll put Vitol on our list, how high of
a legal priority is this? (not high for credit). Thanks

Sara Shackleton
05/10/2000 01:24 PM
To: Rod Nelson/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Vitol SA

We recently did about 20 weather trades with Vitol and I "confirmed" these
under the 1995 energy price swap master (bad for weather) but incorporated
ISDA definitions. I think we should work toward replacing this master with
an ISDA to eliminate the problem. We did the same with Aquila which solved
the weather problem (and I realize the Aquila is a bigger trading partner
than Vitol). Can someone generate credit? Thanks. Sara