Subject: Financial Transactions - Enron Direct Canada
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked], [email-masked], [email-masked]
Date: Wed, 9 May 2001 07:28:00 -0700 (PDT)

Mark (and Mark) are there any concerns with Enron Direct Canada (EDC) (the 
mass markets retail affiliate, that is soon to be a subsidiary of EES) as 
opposed to Enron Canada (as wholesale affiliate of ENA) entering into 
financial transactions?  To date EDC has been entering into physical 
transactions only for gas and power under forms that have been developed 
based upon our wholesale physical contracts, Enron Direct UK's form, and 
compliance with the local regulatory requirements for retailers.  If EDC was 
to enter into financial transactions, they would tend to be papered under 
omnibus financial GTCs with EDC (as ISDAs would likely not be marketable).  
Of course credit would need to be obtained in advance, and the transactions 
are not booked until the counterparty executes the paper.  Please let me know.

Peter.