|
|
Enron Mail |
Here we go again. I guess it hasn't dawned on them that if we do separate
invoicing for March, we'll still have M-L credit risk until the invoice is paid in April, so we're not going to be interested in letting go of their collateral......... What do we usually do w/ this? Do we need to talk to someone in Settlements? Please let me know so we can work out this detail for them............. Regards, Janice EB3861 Assistant General Counsel, Enron North America Corp. 713-853-1794 (Fax: 713-646-4842) ----- Forwarded by Janice R Moore/HOU/ECT on 03/19/2001 08:05 PM ----- TeiglandL@sullcrom.com 03/19/2001 07:39 PM To: Janice.R.Moore@enron.com cc: GilbergD@sullcrom.com Subject: Pre/post transfer invoicing Janice, one final (we hope) point to think about from Yair. He is concerned about how invoicing will be done for the month of March by Enron with respect to the "Transactions". Would it be operationally possible for Enron to invoice MLCS for obligations incurred prior to the transfer date, and Allegheny for the post-transfer? If not, we need to figure out how a single monthly invoice w/ pre- and post- transfer obligations will get paid and address it in the Transfer Agrt. Any thoughts you have on this would be helpful. -----Original Message----- From: <Janice.R.Moore@enron.com< Sent: Monday, March 19, 2001 3:16 PM To: Teigland, Lauren Cc: Sara.Shackleton@enron.com; Tracy.Ngo@enron.com; yyaish@exchange.ml.com Subject: Re: Power Master - blacklined Just got all these docs to print -- at last. Are we really going to close this puppy today? The physical power master amendment is ok , but I think we really ought to refer to the FERC Order (see below for wording), and we need quotes around the text of the definition amendments in para. 2(v). I still can't understand why Global is part of the 2d para. as one of the parties that "agree as follows" or on the signature page -- look at the first full para. on page 3 -- there, it's just Supply and EPMI. And, after all, this really is just Allegheny Energy Supply's master -- at least for now. To add a reference to FERC Order, just add the following to the end of the second sentence in the second para. on page 1, so it reads: " ... (the "Transfer Agreement"), as approved by the Federal Energy Regulatory Commission March 14, 2001 Order issued in connection with Global's acquisition of the MLCS energy trading business." Thanks, Lauren. Regards, Janice EB3861 Assistant General Counsel, Enron North America Corp. 713-853-1794 (Fax: 713-646-4842) TeiglandL@sul lcrom.com To: Janice.R.Moore@enron.com cc: 03/19/2001 Subject: Power Master - blacklined 01:36 PM Here is a blackline showing our recent changes. Note the spacing nit which I have fixed in 2(i) (Yair caught this one when I cc'd him on the execution copy earlier). If you are OK w/ this, I will re-send you a clean copy. ---------------------------------- This e-mail is sent by a law firm and contains information that may be privileged and confidential. If you are not the intended recipient, please delete the e-mail and notify us immediately. ---------------------------------- This e-mail is sent by a law firm and contains information that may be privileged and confidential. If you are not the intended recipient, please delete the e-mail and notify us immediately. (See attached file: Allegheny ENRON Physical Master amendment(vRED).DOC) ---------------------------------- This e-mail is sent by a law firm and contains information that may be privileged and confidential. If you are not the intended recipient, please delete the e-mail and notify us immediately. ---------------------------------- This e-mail is sent by a law firm and contains information that may be privileged and confidential. If you are not the intended recipient, please delete the e-mail and notify us immediately.
|