RE: City of Santa Clara

I don't have their financials but lets get started on what we can get started with. I am not expecting to do financial swaps in the immediate term but I would like to be preparted when we are ready.

Thanks,

Kim

-----Original Message-----
From: Williams, Jason R (Credit)
Sent: Wednesday, September 26, 2001 9:43 AM
To: Ward, Kim S (Houston)
Subject: RE: City of Santa Clara

Kim -

You should probably hold off on the financial trading for now. Santa Clara is a municipal entity, and until Legal has scrubbed them for authorization to trade financially, we can't do anything with them. As you know, this is not a quick endeavor.

I can start working on a Master Physical right away, though. Do you have updated financial info from them?

JRW

-----Original Message-----
From: Ward, Kim S (Houston)
Sent: Wednesday, September 26, 2001 8:47 AM
To: Williams, Jason R (Credit); Vanek, Darren
Subject: City of Santa Clara

I am showing some physical and financial transactions to the city of Santa Clara, also known as Silicon Valley Power. We have done a lot of business with them on the power side and I want to sell them some gas. Can we review them and send out a draft Enfolio and Isda?

Let me know if you have any quesitons.

Thanks,

Kim