Subject: RE: AEP Master Netting Agr
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked]
Date: Mon, 5 Nov 2001 14:29:17 -0800 (PST)

Thx

Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY  10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: [email-masked]

                    "Portz,
                    David"               To:     <[email-masked]>
                    <David.Portz@        cc:     "Heard, Marie"
                    ENRON.com>           <[email-masked]>, "Cook,
                    Office:              Mary" <[email-masked]>
                                         Subject:     RE: AEP Master
                    11/05/2001           Netting Agr
                    05:27 PM

Jurisdictions of incorporation:

          American Electric Power Service Corporation:  New York

          AEP Energy Services, Inc:  Ohio

>  -----Original Message-----
> From:   Cook, Mary
> Sent:   Monday, November 05, 2001 4:16 PM
> To:     [email-masked]'; Heard, Marie
> Cc:     Portz, David; Sager, Elizabeth
> Subject:     RE: AEP Master Netting Agr
>
> Do not do the searches, but do the filings for our benefit.
>
>     -----Original Message-----
>    From:     "Lech Kalembka" <[email-masked]>@ENRON
>    Sent:     Monday, November 05, 2001 4:08 PM
>    To:  Heard, Marie
>    Cc:  Portz, David; Sager, Elizabeth; Cook, Mary
>    Subject:  RE: AEP Master Netting Agr
>
>
>    Should we file?  Thanks.
>
>    Lech Kalembka
>    Cadwalader, Wickersham & Taft
>    100 Maiden Lane
>    New York, NY  10038
>    Tel.: (212) 504-6918
>    Fax: (212) 504-6666
>    E-mail: [email-masked]
>
>
>
>                        "Heard,
>                        Marie"               To:
> <[email-masked]>
>                        <Marie.Heard@        cc:     "Sager,
> Elizabeth"
>                        ENRON.com>
> <[email-masked]>,
>                        Office:              "Portz, David"
>
> <[email-masked]>, "Cook,
>                        11/05/2001           Mary"
> <[email-masked]>
>                        05:04 PM             Subject:     RE: AEP
> Master
>                                             Netting Agr
>
>
>
>
>
>
>    Lech:
>
>    I just spoke with Elizabeth Sager and she said there was no need
> to
>    order lien searches for AEP as the contract expires in March,
> 2002.
>
>    Marie
>
>    Marie Heard
>    Senior Legal Specialist
>    Enron North America Corp.
>    Phone:  (713) 853-3907
>    Fax:  (713) 646-3490
>    [email-masked]
>
>    >  -----Original Message-----
>    > From:   "Lech Kalembka" <[email-masked]>@ENRON
>    > Sent:   Monday, November 05, 2001 3:28 PM
>    > To:     Portz, David
>    > Cc:     Heard, Marie
>    > Subject:     RE: AEP Master Netting Agr
>    >
>    >
>    > I did receive the document.  Should I contact anyone, or am I
> awaiting
>    > a
>    > call to discuss/negotiate?  Thanks.
>    >
>    > Lech Kalembka
>    > Cadwalader, Wickersham & Taft
>    > 100 Maiden Lane
>    > New York, NY  10038
>    > Tel.: (212) 504-6918
>    > Fax: (212) 504-6666
>    > E-mail: [email-masked]
>    >
>    >
>    >
>    >                     David.Portz@e
>    >                     nron.com             To:
> [email-masked]
>    >                     Office:              cc:
> [email-masked]
>    >                                          Subject:     RE: AEP
> Master
>    >                     11/05/2001           Netting Agr
>    >                     04:17 PM
>    >
>    >
>    >
>    >
>    >
>    >
>    > Lech -- Please let me know if you did not receive the
> attachment via
>    > my
>    > subsequent e-mail.  I understand the UCC searches and filings
> to be
>    > needed
>    > in relation to the attachment's Section 6(b).  Upon completion
> of
>    > negotiations, I will send you an electronic copy of the
> finalized
>    > Netting
>    > and Setoff Agreement to faciliate Cadwalader's preparation of
> the
>    > financing
>    > statement filings.  --David Portz
>    >
>    >     -----Original Message-----
>    >    From:   "Lech Kalembka" <[email-masked]>@ENRON
>    >    Sent:   Monday, November 05, 2001 2:54 PM
>    >    To:     Portz, David
>    >    Subject:  Re: AEP Master Netting Agr
>    >
>    >
>    >    I did not find an attachment.  Also, I assume that we will
> prepare
>    > UCC
>    >    filings and order UCC searches.  Thank you.
>    >
>    >    Lech Kalembka
>    >    Cadwalader, Wickersham & Taft
>    >    100 Maiden Lane
>    >    New York, NY  10038
>    >    Tel.: (212) 504-6918
>    >    Fax: (212) 504-6666
>    >    E-mail: [email-masked]
>    >
>    >
>    >
>    >                        "Portz,
>    >                        David"               To:
>    > <[email-masked]>
>    >                        <David.Portz@        cc:     "Sager,
> Elizabeth"
>    >                        ENRON.com>
>    > <[email-masked]>,
>    >                        Office:              "Heard, Marie"
>    >
> <[email-masked]>,
>    > "Cook,
>    >                        11/05/2001           Mary"
>    > <[email-masked]>,
>    >                        03:32 PM             "Williams, Jason R
>    > (Credit)"
>    >
>    > <[email-masked]>
>    >                                             Subject:     AEP
> Master
>    > Netting
>    >                                             Agr
>    >
>    >
>    >
>    >
>    >
>    >    Lech - A high priority Master Netting and Setoff Agreement
> (see
>    >    attached) is in the late stages of negotiation with the
>    > below-referenced
>    >    AEP affiliates.  The agreement is currently intended to be
> limited
>    > to
>    >    masters/ transactions between ENA &/or EPMI and two major
> AEP
>    > trading
>    >    affiliates, American Electric Power Service Corporation as
> Agent
>    > for the
>    >    AEP Operating Companies ("AEP") and AEP Energy Services,
> Inc.
>    >    ("AEPESI").  The Netting Agreement explicitly identifies
> enabling
>    >    agreements between those entities relating to trading
> physical gas,
>    >    physical power, and financial swaps.  Earlier today the
> Enron
>    > Credit
>    >    group indicated that ENA trades (using GTCs) physical coal
> and
>    > physical
>    >    synfuel with American Electric Power Service Corporation.
> Please
>    >    contact me with any questions. -- David
>    >
>    >    David A. Portz
>    >    Senior Counsel
>    >    Enron North America Corp.
>    >    1400 Smith, EB 3805a
>    >    Houston, Texas  77002-7361
>    >
>    >    Phone:   713-853-9239
>    >    Fax:  713-646-3491
>    >    Assistant:   Linda Simmons (Ext. 57851)
>    >
>    >
>    >
>    >
>    >
>    >
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>    > Wickersham
>    >    & Taft for any loss or damage arising in any way from its
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> Wickersham
>    > & Taft for any loss or damage arising in any way from its use.
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>    >
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> ======================================================================
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>    >
>
>
>
>
>
> ======================================================================
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>    NOTE:  The information in this email is confidential and may be
> legally privileged.  If you are not the intended recipient, you must
> not read, use or disseminate the information.  Although this email and
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>    that might affect any computer system into which it is received
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>    & Taft for any loss or damage arising in any way from its use.
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NOTE:  The information in this email is confidential and may be legally privileged.  If you are not the intended recipient, you must not read, use or disseminate the information.  Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

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