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---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 06/18/2001 08:43 PM --------------------------- From: Christi L Nicolay 06/18/2001 07:17 PM To: Elizabeth Sager/Enron@EnronXGate, Jeffrey T Hodge/Enron@EnronXGate, Mark Taylor/Enron@EnronXGate cc: Lisa Yoho/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Mark E Haedicke/Enron@EnronXGate, Richard Shapiro/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, John J Lavorato/Enron@EnronXGate, Louise Kitchen/HOU/ECT@ECT, Richard B Sanders/Enron@EnronXGate Subject: FERC question 1 re: Enron OnLine ENA legal -- Kim Bruno is one of the FERC staff that visited the Enron gas and power trading floors last week. Can you provide us with a response to his questions? I'll set up a conference call if necessary to discuss before we respond. I talked with Kim today and told him that we would be responding within several days and he is fine with that. Thanks. ---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 06/18/2001 07:11 PM --------------------------- "Kim Bruno" <kim.bruno@ferc.fed.us< on 06/14/2001 05:19:01 PM To: <Christi.L.Nicolay@enron.com< cc: Subject: Enron OnLine In providing an answer to our questions regarding risk assessment or management, would you please provide an explanation to the following? We understand that EOL requires that a counter party, before accessing EOL to do business with Enron North America, must undergo a credit worthiness evaluation. When a counter party executes or clicks on a price, EOL does an instant credit check before confirming the transaction. However, Enron may not only buy from a counter party, it may sell. What sort of creditworthiness standards must Enron provide to a counter party utilizing EOL to purchase from Enron? Are there industry standard creditworthiness agreements regarding counter party credit risk that Enron uses? If yes, may we have copies? If Enron utilizes its own agreements, please provide us with a copy. Thank you. Kim Bruno Market Oversight and Enforcement Office of the General Counsel 888 1st Street, NE, Room 92-19 Washington, DC 20426 (202) 208-0770 (office) (202) 208-0057 (fax)
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