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Enron Mail |
Just to add: Evie represents (largely) the oil companies. She represented
that the suppliers that she represents are negotiating the terms of the agreement with PG&E. She finished by saying that she was fairly confident that those negotiations would result in the gas suppliers that she represents signing PG&E's agreement and supplying gas under those agreements. Best, Jeff Susan J Mara 02/06/2001 02:13 PM To: Karen Denne/Corp/Enron@ENRON cc: Eric Thode/Corp/Enron@Enron, Harry Kingerski/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Karen Denne/Corp/Enron@Enron, Meredith Philipp/Corp/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Travis McCullough/HOU/ECT@ECT, Vance Meyer/NA/Enron@Enron Subject: Re: PG&E Securitization Agreement Statement Jeff and I heard in a conference call of many parties just now from the large oil co rep (Evie Elsesser) that: "There are several parties willing to sign PG&E's securitization agreement right now." Karen Denne 02/06/2001 12:12 PM To: Steven J Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Vance Meyer/NA/Enron@ENRON, Meredith Philipp/Corp/Enron@ENRON, Eric Thode/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Travis McCullough/HOU/ECT@ECT cc: Karen Denne/Corp/Enron@ENRON Subject: PG&E Securitization Agreement Statement Statement regarding PG&E's securitization agreement: Enron does not plan to sign PG&E's securitization agreement at this time for several reasons. PG&E has included in the agreement an obligation by suppliers to negotiate in good faith to provide additional supplies. This would potentially expand our exposure to PG&E, and there is no way to determine that exposure at this time. PG&E is also asking us to suspend certain provisions in our existing agreements that allow us to terminate or suspend service in the event of a bankruptcy or failure to pay debts. This limits our flexibility to deal with our different exposures to PG&E. We are continuing to perform on our existing contracts with PG&E.
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