Message-ID: <11191302.1075854464243.JavaMail.evans@thyme> Date: Wed, 22 Nov 2000 00:32:00 -0800 (PST) From: david.delainey@enron.com To: rodney.malcolm@enron.com, raymond.bowen@enron.com Subject: Wheeling-Pittsburgh Steel Corporation Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: David W Delainey X-To: Rodney Malcolm, Raymond Bowen X-cc: X-bcc: X-Folder: \David_Delainey_Dec2000\Notes Folders\Sent X-Origin: Delainey-D X-FileName: ddelain.nsf FYI ---------------------- Forwarded by David W Delainey/HOU/ECT on 11/22/2000 08:31 AM --------------------------- From: William S Bradford 11/21/2000 08:09 PM To: David W Delainey/HOU/ECT@ECT cc: Jeffrey McMahon/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT Subject: Wheeling-Pittsburgh Steel Corporation Dave, I am sending this in response to your query regarding the slow payment from Wheeling Pittsburgh. Wheeling Pittsburgh has allegedly filed bankruptcy some time last week. Legal is trying to obtain the bankruptcy filing we are beginning to solidfy our potential claim. Our current exposure is approximately $1.55mm ($1.07mm in receivable and $375k MTM). We are working with the steel team (the deal was orginated by Tammy Mulrooney) and legal to determine our rights under our contract. We will keep you posted with any updates. Let me know if you have any questions. Bill