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Enron Mail |
Janice/Sara,
Attached please find the fully, negotiated credit terms for an Amended Master Energy Purchase and Sale Agreement between CP and EPMI as well as the new credit terms for an ISDA Master Swap Agreement between CP and ENA. Janice/Sara: Please ensure that Specified Entities for the ISDA include Enron Corp. and EPMI, and that the setoff provisions in both the ISDA and Master Power are consistent. Sara: In the essence of time, Merrill Lynch showed Allegheny Energy the existing ISDA between ENA and Merrill Lynch. So, Allegheny's attorneys have reviewed the ISDA terms that we had with Merrill in order to "get up to speed" with the ISDA that Allegheny would end up having with ENA via assignment or "reproduction of some sort." After the financial gas and power deals are assigned completely to Allegheny, ENA will continue to have interest rate swaps/and maybe even a weather swap with Merrill. That being said, I don't think we can necessarily "assign" the ISDA with Merrill to Allegheny. I think we will need to "reproduce" the majority of the terms to a new ISDA w/Allegheny. Please let me know if you have any questions. Regards, Tracy 503-464-8755 (revised terms for existing Master Power) (new terms for ISDA)
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