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Enron Mail |
fyi
-----Original Message----- From: MMackles@nyiso.com [mailto:MMackles@nyiso.com] Sent: Tuesday, November 20, 2001 1:05 PM To: Ngo, Tracy Cc: PGootee@nyiso.com Subject: Collateral Tracy, as discussed yesterday, for Enron Energy Services and Enron Power Marketing meet the NYISO creditworthiness criteria, a corporate guarantee from a corporation with a BBB unsecured long-term credit rating is required As of last week, Enron Corp. was downgraded to BBB-. Therefore, to meet the criteria, Enron Corp. needs to replace their guaranties issued in favor of the NYISO within five business days. These guarantees may be replaced with cash, letters of credit or surety bonds. Listed below are the guarantees issued by Enron Corp. on behalf of Enron Energy Services and Enron Power Marketing: Enron Energy Services: $ 1,500,000 ($1,000,000 Energy, $500,000 ICAP) Enron Power Marketing: $ 5,000,000 Energy 5,000,000 ICAP 20,000,000 TCCs If you have any questions regarding the example of the Letter of Credit or the Surety Bond sent to you yesterday, please contact me at once. My number is 518/356-6210.
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