Message-ID: <29819603.1075857750348.JavaMail.evans@thyme> Date: Tue, 19 Sep 2000 03:44:00 -0700 (PDT) From: john.lavorato@enron.com To: rick.buy@enron.com Subject: Perry Gas Companies, Inc. Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: John J Lavorato X-To: Rick Buy X-cc: X-bcc: X-Folder: \John_Lavorato_Dec2000\Notes Folders\'sent mail X-Origin: Lavorato-J X-FileName: jlavora.nsf Rick Buy I'm expecting more details from Bill re. Perry Gas but I'm quite pissed about this. I will deal with my traders when I have the details. On the Retail side, I think this is the problem in trying to set up a separate Wholesale trading group in retail which is clearly happening. This wouldn't of happened it they were trading through us. ---------------------- Forwarded by John J Lavorato/Corp/Enron on 09/19/2000 10:37 AM --------------------------- From: William S Bradford @ ECT 09/18/2000 06:51 PM To: John J Lavorato/Corp/Enron@Enron cc: Rick Buy/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT Subject: Perry Gas Companies, Inc. John, As discussed today, I have attached a summary of ENA's credit exposure to Perry Gas Companies, Inc (approximately $1,800,000). They have filed for bankruptcy on August 28, 2000. It should also be noted that our July settlement was not offset by our purchases due to an apparent oversight by the Settlements group, resulting in an additional $678,000 of credit exposure. EES's credit exposure is still being researched but is estimated to be over $5,900,000 of additional exposure. We are working with EES to resolve these issues as well. As I mentioned today, Perry Gas Companies, Inc. was not approved for credit on any of these transactions and was on our Credit Watch List. This company was not an approved counterparty and was granted a zero credit line. We are still trying to get the list of trades and traders for the July transactions. Let me know if you have any questions. Bill