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Enron Mail |
Bill
I spoke with Richard and we will have to renew. He is currently trying to get the PX bankruptcy court to allow us to take back our security in light of the FERC ruling re chargebacks, but due to uncertainty of the FERC ruling, court has not been willing to allow us to remove. Richard continues on the case. In the meanwhile, the PX/bankruptcy court will not allow the LC's to expire without drawing down. So we should go ahead and renew. William S Bradford/ENRON@enronXgate 04/16/2001 07:35 PM To: Elizabeth Sager/HOU/ECT@ECT cc: Subject: FW: Let's discuss. Bill -----Original Message----- From: Gonzalez, Veronica Sent: Monday, April 16, 2001 4:13 PM To: Ngo, Tracy; Bradford, William S. Cc: Sacks, Edward Subject: Importance: High The following LC's expire on 4/30/01. Due to the issues in the West, please advise if we need to amend the expiry date. Beneficiary: California Power Exchange Bank: Toronto-Dominion LC #: G390148 Amount: $15,000,000 Expiry: 4/30/01 Beneficiary: California Power Exchange Bank: Australia and New Zealand Banking Group Limited LC #: 5060/8200 Amount: 27,000,000 Expiry: 4/30/01 Beneficiary: California Power Exchange Bank: Bank of America, National Association LC # 3016972 Amount: 40,290,000 Expiry: 4/30/01 Beneficiary: Pacific Gas & Electric Company Bank: Bayerische Hypo-Und Vereinsbank LC #: SB103951 Amount: 30,000,000 Expiry: 4/30/01 Beneficiary: Southern California Edison Company Bank: Banca Di Roma LC # IC-31520 Amount: $11,500,000 Expiry: 4/30/01 Beneficiary: Southern California Edison Company Bank: Arab Bank plc LC # SLC 3001/01 Amount: $19,500,000 Expiry: 4/30/01
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