Enron Mail

From: david.portz@enron.com To: lech.kalembka@cwt.com Subject: AEP Master Netting Agr Cc: elizabeth.sager@enron.com, marie.heard@enron.com, mary.cook@enron.com,credit <.williams@enron.com< Bcc: elizabeth.sager@enron.com, marie.heard@enron.com, mary.cook@enron.com,credit <.williams@enron.com< Date: Mon, 5 Nov 2001 12:32:38 -0800 (PST) Lech - A high priority Master Netting and Setoff Agreement (see attached) is in the late stages of negotiation with the below-referenced AEP affiliates. The agreement is currently intended to be limited to masters/ transactions between ENA &/or EPMI and two major AEP trading affiliates, American Electric Power Service Corporation as Agent for the AEP Operating Companies ("AEP") and AEP Energy Services, Inc. ("AEPESI"). The Netting Agreement explicitly identifies enabling agreements between those entities relating to trading physical gas, physical power, and financial swaps. Earlier today the Enron Credit group indicated that ENA trades (using GTCs) physical coal and physical synfuel with American Electric Power Service Corporation. Please contact me with any questions. -- David David A. Portz Senior Counsel Enron North America Corp. 1400 Smith, EB 3805a Houston, Texas 77002-7361 Phone: 713-853-9239 Fax: 713-646-3491 Assistant: Linda Simmons (Ext. 57851)