Message-ID: <24478136.1075842769272.JavaMail.evans@thyme>
Date: Wed, 7 Mar 2001 11:16:00 -0800 (PST)
From: ron.coker@enron.com
To: stephanie.miller@enron.com, barry.tycholiz@enron.com, gerald.nemec@enron.com
Subject: Pastoria PSA
Cc: karen.jones@enron.com, andrew.kelemen@enron.com
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Below is the covenant we have in the PSA regarding release of the gas credit 
support.  When will a shipper be required to put up the credit support?  
Would anticipate we would have trouble obtaining a written release from Kern 
if Calpine agreed to provide the required support?  Would we receive a 
written release if Enron puts up a guarantee (which by definition covers the 
entire 15-year term) and Calpine puts up a three year evegreen LC?  Thanks.