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Enron Mail |
Ed or Wendy:
Any thoughts on these issues? Carol St. Clair EB 3889 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com ----- Forwarded by Carol St Clair/HOU/ECT on 05/22/2001 12:03 PM ----- Carol St Clair 05/17/2001 10:49 AM To: Edward Sacks/Enron@EnronXGate cc: Wendy Conwell/Enron@EnronXGate, Genia FitzGerald/HOU/ECT@ECT Subject: Carolina Power & Light EEI Ed: We are really close on finalizing the EEI. The following are open credit points with them: 1. They want their cross default to be $100 million too instead of $50. 2. They want to exclude from the affiliate definition Florida Power & Light and its subs. Their lawyer is sending me a list. 3. They want to raise both collateral thresholds from $20 to $50 million. 4. In the assignment language in section 10.5, they want to specify a creditworthiness test in clauses (ii) and (iii), such that if the assignee or its guarantor is rated BBB- or Baa3, the assignment is permitted. Clauses (ii) and (iii) relate to assignments to affiliates and assignments that occur as a result of mergers or asset transfers. Right now the test is a generic creditworthiness test. I look forward to hearing from you. Carol St. Clair EB 3889 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com
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