RE: NEW SPP Credit Policy !!

Based on the credit aggregation system, EPMI has purchased $3,914 from the pool however we show an invoice due EPMI (from SAP) i/a/o $21,419 resulting in a net payable to EPMI of $17,505 if the numbers are correct.

The SPP policy states that if a cp experiences a debt downgrade or negative watch, a cp must give SPP notice. We need to give notice of downgrade/neg watch if we haven't done so already.

-----Original Message-----
From: Bradford, William S.
Sent: Tuesday, November 20, 2001 1:31 PM
To: Ngo, Tracy; St. Clair, Carol; Sager, Elizabeth
Subject: FW: NEW SPP Credit Policy !!

FYI.

Tracy - can you figure out our exposure?

Bill

-----Original Message-----
From: Maurer, Luiz
Sent: Tuesday, November 20, 2001 1:17 PM
To: Bradford, William S.
Cc: Nicolay, Christi L.; Carson, Mike; Steffes, James D.; Ibrahim, Amr
Subject: FW: NEW SPP Credit Policy !!

Bill

SPP is proposing a new credit policy which may affect our credit requirements.

I have already informed Mike Carson, who will be analyzing the commercial implications.

In the mean time, to expedite things, I am also sending you the new SPP Credit Policy.

Tks

LM

-----Original Message-----
From: Nicolay, Christi L.
Sent: Saturday, November 17, 2001 7:01 AM
To: Maurer, Luiz
Cc: Steffes, James D.; Ibrahim, Amr
Subject: FW: SPP Credit Policy

Luiz -- (See my other email re: SPP). I now found the email. Thanks for handling. I will be out of the office next week, so call me at home 713-666-0304 if necessary. THANKS!

-----Original Message-----
From: McCraw, Phil
Sent: Thu 11/15/2001 10:33 AM
To: SPP TRANSMISSION CUSTOMERS
Cc:
Subject: Credit Policy

Southwest Power Pool, Inc. (SPP) continues to make changes to its Credit
Policy to reflect changes in overall market conditions. The current Credit
Policy was posted on our web site on November 14, 2001. It reflects a marked
shift in the way SPP has administered its Credit Policy in the past.

SPP wants all of our customers to be made aware of this change and we want
to give each a certain period of time to make the necessary adjustments in
any areas that may be necessary. To this end SPP is attaching the new Credit
Policy for your review. We ask that it be directed to the proper person
within your organization to assure that your company is compliant with all
conditions of the Credit Policy. We ask that you also complete the attached
Credit Agreement and return it to SPP as soon as possible.

SPP expects all customers to be compliant with the Credit Policy by December
15, 2001. Please review the Credit Policy and take the necessary steps to be
in compliance by that date so that there are no interruptions of service or
your ability to make future reservations.

If you have any questions concerning the new policy please feel free to
contact me. I look forward to working with you to make these changes as
smooth as possible.

<<Form-SPPCreditPolicy2CS111401.doc<<
<<Form-SPPCreditAgreement111201.doc<<

Phil McCraw
Southwest Power Pool
Financial Coordinator
Phone: 501-664-0146X243 or 501-614-3243
Fax: 501-280-9446
Email: pmccraw@spp.org