Message-ID: <5429689.1075853403063.JavaMail.evans@thyme>
Date: Wed, 15 Nov 2000 04:34:00 -0800 (PST)
From: elizabeth.sager@enron.com
To: cindy.richardson@enron.com
Subject: Enron Guaranties for Indian Mesa II PPA & GSPA
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per my vm
----- Forwarded by Elizabeth Sager/HOU/ECT on 11/15/2000 12:34 PM -----
John Lamb@ENRON
11/15/2000 11:58 AM
To: Mike Curry/HOU/ECT@ECT, David Portz/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT, Clement Abrams/Corp/Enron@ENRON
cc: Michael Payne/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Enron Guaranties for Indian Mesa II PPA & GSPA
Attached are clean and blacklined drafts of the Enron guaranties to be made
in support of EPMI's obligations under the Indian Mesa II Renewable Energy
Purchase Agreement ("PPA") and Green Premium Sharing Agreement ("GSPA").?
The guaranty for the PPA is blacklined against the Enron EPC Contract
guaranty in favor of the banks which was granted in connection with our
Cabazon Wind Power Project (the project most recently financed by EWC) and
the GPSA guaranty is blacklined against the PPA guaranty. As we discussed
last week, since the Enron guaranties will need to be in a form that will
acceptable to our project lenders and equity participants, we thought that we
should start with a form that was used in our last financing and that was
negotiated by Enron and the banks. We plan to use the same basic form for
the Enron guaranty that will be made in favor of EPMI with respect to the
seller's obligations under the PPA. We will forward the draft of that
guaranty to you later today. Please feel free to give me a call if you have
any questions concerning the attached guaranties. Thank you.
- PPA Guaranty.doc
- GPSA Guaranty.doc
- REDLINE GPSA Guaranty.doc
- REDLINE PPA Guaranty.doc