Re: Southern

----- Forwarded by Tana Jones/HOU/ECT on 12/08/2000 09:56 AM -----

Tana Jones
12/08/2000 09:56 AM

To: Tanya Rohauer/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT
cc:
Subject: Re: Southern

Any thoughts on how you would like to approach this?
----- Forwarded by Tana Jones/HOU/ECT on 12/08/2000 09:53 AM -----

Chris Gaffney
12/08/2000 09:46 AM

To: Tana Jones/HOU/ECT@ECT
cc: Jan Wilson/TOR/ECT@ECT
Subject: Re: Southern

Tana - Thank you for your prompt response. Given that we have precedents
between Enron and Southern do you think it would be a simple process to get a
separate ISDA in place between Enron Canada and a Southern entity or do you
think it would be easier to amend the existing to add the necessary
provisions, add the provisions into the confirmation, or replace the existing
with a Multicurrency Agreement?

CJG

Tana Jones
12/08/2000 10:37 AM

To: Chris Gaffney/TOR/ECT@ECT
cc:
Subject: Re: Southern

We have an ISDA Master Agreement (Local Currency-Single Jurisdiction) in
place with between ENA and Southern Company Energy Marketing L.P. I am a
little concerned if Canada wants to trade under this pursuant to the Services
Agreement. Being a Local Currency-Single Jurisdiction form, it does not have
tax and currency provisions that would enable us to do a cross border trade.
If you would like to do trades under this, we might want to consider amending
it to add the necessary provisions, adding the provisions into the
confirmation, or replacing it with a Multicurrency Agreement.

Chris Gaffney
12/08/2000 09:24 AM

To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Re: Southern

Southern Company or Southern Energy North America, Inc. or another trading
arm of Southern Company. The reason I ask is because Southern wants to do
some deals with us in Ontario and I wanted to know if we have already
negotiated ISDAs with them.

thanks
CJG

Tana Jones
12/08/2000 10:17 AM

To: Chris Gaffney/TOR/ECT@ECT
cc:
Subject: Re: Southern

We have lots of ISDA's in place with "Southerns", "Southern" who?

Chris Gaffney
12/08/2000 09:09 AM

To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Southern

Tana - Do we have any ISDAs in place with Southern?

CJG