FW: Notification to PX Participants

Last Man Standing?
----- Forwarded by Elizabeth Sager/HOU/ECT on 01/30/2001 10:46 AM -----

Tracy Ngo
01/30/2001 10:37 AM

To: Elizabeth Sager/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Mary
Hain/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT
cc:
Subject: FW: Notification to PX Participants

---------------------- Forwarded by Tracy Ngo/PDX/ECT on 01/30/2001 08:43 AM
---------------------------

Tracy Ngo
01/29/2001 04:39 PM
To: William S Bradford/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron, Wendy
Conwell/NA/Enron@ENRON, Christian Yoder/HOU/ECT@ECT, Steve C
Hall/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
cc:

Subject: FW: Notification to PX Participants

fyi.
?
?

Participants:

Last Friday, January 26th, the Special and Correcting Invoices for the
Southern
California Edison (SCE) default were due and there were some Participants
who
failed to comply with Schedule 2. Section 4.3.2. of the PX Tariff which
states,
"All payments by the PX Participants shall be made to the PX Clearing
Account
via the Fedwire System for funds to be received at the PX Clearing Account
no
later than noon PPT on the Payment Due Date."

Additionally, Schedule 2, Section 5.5 of the PX Tariff requires the PX to
identify such Participants to all other affected PX Participants by the most
expeditious means available.? In accordance with Section 5.5, here is a list
of
PX Participants not in compliance with Section 4.3.2. for the SCE default:

?? American Electric Power Service Corporation
?? Arizona Public Service
?? Los Angeles Department of Water and Power
?? Pacific Gas & Electric
?? Sacramento Municipal Utility District
?? Salt River Project

Each PX Participant's pro-rata portion of the shortfall from the
Participants
mentioned above will be communicated to them individually in the next couple
of
days.? If you should have questions, please call Clark Cheng at 626-537-3243
or
Chris Anderson at 626-537-3377.

Thank You.