Enron Mail

From:peter.keohane@enron.com
To:mary.cook@enron.com
Subject:Ontario Power Generation Swap
Cc:chris.gaffney@enron.com, edward.sacks@enron.com, rob.milnthorp@enron.com,paul.devries@enron.com
Bcc:chris.gaffney@enron.com, edward.sacks@enron.com, rob.milnthorp@enron.com,paul.devries@enron.com
Date:Mon, 17 Sep 2001 14:24:29 -0700 (PDT)

Mary, we are under a good deal of commercial pressure to execute the power =
swap with Ontario Power Generation by the end of 3rd quarter. I understand=
the swap is for 3 years after Ontario Market Opening, with Enron as fixed =
price payor (Cdn. $50) and OPG as floating price payor. I also understand =
that OPG has provided their comments on the documentation, and would apprec=
iate if we made it a top priority to review and respond to their comments a=
s soon as possible. I understand that there may be a significant number of=
matters ongoing for quarter end, as well as because of the recent events. =
However, the draft ISDA has been outstanding for a considerable period and=
, as mentioned, we have commercial pressure to execute the transaction. If=
it would expedite matters, perhaps we could document under an Omnibus GTC =
(although OPG will likely have similar comments which will need to be addre=
ssed) or we could assign another lawyer to completing the documentation, in=
cluding Chris Gaffney. Please let me know.

Regards, Peter