Enron Mail

From:carol.clair@enron.com
To:adele.raspe2@pseg.com, maria.salvatore@pseg.com
Subject:Guaranty Cap
Cc:
Bcc:
Date:Fri, 12 May 2000 07:47:00 -0700 (PDT)

Adele:
Tanya left a message for Cindy and offerred $10M as a cap for each Guaranty.
The reason for the cushion is to protect the party who terminates at a time
when its exposure is close to the credit threshold and by the time that the
date is set and the amount is calculated there is a move in the market that
results in its exposure being above the threshold.
Carol