Enron Mail

From:mark.taylor@enron.com
To:carol.clair@enron.com
Subject:Re: Affiliate Setoff Language
Cc:
Bcc:
Date:Sat, 23 Oct 1999 04:28:00 -0700 (PDT)

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