Message-ID: <17076325.1075840816072.JavaMail.evans@thyme> Date: Thu, 20 Sep 2001 08:12:16 -0700 (PDT) From: joseph.deffner@enron.com To: louise.kitchen@enron.com Subject: FW: IM 1&2 DASH Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: Deffner, Joseph X-To: Kitchen, Louise X-cc: X-bcc: X-Folder: \ExMerge - Kitchen, Louise\'Americas\East Power X-Origin: KITCHEN-L X-FileName: louise kitchen 2-7-02.pst -----Original Message----- From: Mitchell, David Sent: Wednesday, September 19, 2001 5:57 PM To: Deffner, Joseph Subject: FW: IM 1&2 DASH Joe, The following is the language from the DASH which Ben signed..."acceptable to RAC" ? A $100 million guaranty by Enron Corporate of EPMI's obligations under the PPA has been put in place. As a condition to closing the financing for the project, the lender (Clarica Life) has required a MAC provision stating that in the event that Enron's credit rating falls below investment grade, Enron is required to provide alternative means, acceptable to RAC, to cover its guaranty obligation. -----Original Message----- From: Pollock, Adam Sent: Wednesday, September 19, 2001 5:51 PM To: Mitchell, David Subject: IM 1&2 DASH Here's the dash..let me know if you need anything else. AP ------------------------------- Adam Pollock RAC-Underwriting ECN2858f 713.345-8763 adam.pollock@enron.com