Message-ID: <29573604.1075842220606.JavaMail.evans@thyme> Date: Wed, 11 Oct 2000 04:06:00 -0700 (PDT) From: russell.diamond@enron.com To: jeffrey.hodge@enron.com, dan.hyvl@enron.com, stacy.dickson@enron.com, debra.perlingiere@enron.com Subject: National Steel -Credit W/S Cc: paul.radous@enron.com, john.griffith@enron.com, tammy.mulrooney@enron.com, tim.mckone@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: paul.radous@enron.com, john.griffith@enron.com, tammy.mulrooney@enron.com, tim.mckone@enron.com X-From: Russell Diamond X-To: Jeffrey T Hodge, Dan J Hyvl, Stacy E Dickson, Debra Perlingiere X-cc: Paul Radous, John Griffith, Tammy L Mulrooney, Tim McKone X-bcc: X-Folder: \Dan_Hyvl_Dec2000_June2001\Notes Folders\All documents X-Origin: HYVL-D X-FileName: dhyvl.nsf To All: Attached is a credit worksheet required for a transaction with National Steel Corp that is being structured by the contacts listed on the worksheet. This particular transaction is being executed in conjunction with prior long dated transaction with National Steel (TAGG#E79260). A prepay of the in-the-money position to the counterparty has been structured for part of the remaining years left on the contract. In addition to this, a new transaction will be entered into in which ENA sells additional volume of nat gas to the counterparty along with what is already being delivered from the remaining contract. A Master Firm Purchase Sale is required for this new transaction and the existing transaction MUST be assigned over to this Master in order to offset the existing MTM with the sales volumes. The execution of this new transaction is dependent on the assignment of the existing transaction to the Master. Regards, Russell