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Enron Mail |
I guess you wouldn't want to use any of the joint venture entities to issue
the guarantee because of the complexities of their ownership structures. You also wouldn't want to go outside of ETS because of marketing affiliate issues. By process of elimination, I guess I'm OK with NN issuing the guarantee. In my view, if Mavrix' commercial strategies are unsuccessful and Northern has to perform on the guarantee, good luck recovering any of those dollars in Northern's next rate case. Thanks. DF Susan Scott 01/30/2001 02:27 PM To: Drew Fossum@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON cc: Subject: Mavrix Mavrix Transportation Trading Corp., which is a subsidiary of ETS, needs to satisfy TW's creditworthiness requirements in order to enter into a transportation agreement with TW. Paul Cherry has suggested that Northern Natural Gas issue a guarantee. Please let me know whether you think this would be acceptable. If Mavrix wanted to hold NNG capacity, TW could issue the guarantee.
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