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Did you ever hear back from the power people?
Carol St Clair 09/20/99 11:45 AM To: Elizabeth Sager/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT cc: Mark - ECT Legal Taylor/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT Subject: Affiliate Setoff Language Elizabeth and Leslie: Enclosed is the setoff langauge that we put into our financial master agreements. Most of our counterparties agree to this, but from our "utility" counterparties we consistently get the comment that from a regulatory standpoint, they cannot agree to the "Affiliate" lnaguage that is in here which I have highlighted. Does this sound plausible to you and if so, why? Are there some utilility counterparties that could agree to this? Carol
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