EnronOnline - Financial Power Trading

I reviewed the counterparties in our Financial Trading Database and located
17 who cannot enter into financial power transactions and cross-checked that
list against my Online Trading Counterparty List and located the 6
counterparties below have been opened to trade online and who cannot trade
financial power and/or who have some type of restriction in place on the type
of financial power transactions they can enter into:

1. The Bakersfield Californian - can only do newsprint swaps and options
2. CMS Marketing, Services and Trading - can enter into financial power
transactions only if those transactions are fixed price swaps, basis swaps,
swing swaps and options
3. Phibro, Inc. - can only do natural gas, crude oil or oil product energy
prices swap, put & call options. Per my discussions with Tom, this
counterparty is coming through on tonight's list as an amended counterparty
because they want to do financial power. They have a really old form of
agreement in place from 1993 and it does not allow power financial
transactions. I spoke to Mark Taylor about this and he said if they want to
do financial power they are going to have to replace this agreement with an
ISDA. I am going to talk to Credit about this. They will definitely not be
able to trade financial power by Monday...
4. PXRE Corporation - weather only
5. Swiss Re Financial Products Corporation - weather only
6. Tempest Reinsurance Company Limited - weather only