Subject: FW: Master Netting agmt.: AEP
From: [email-masked]
To: [email-masked]
Cc: [email-masked]
Date: Mon, 5 Nov 2001 06:50:02 -0800 (PST)

FYI. Received this morning. 
 -----Original Message-----
From: 	Williams, Jason R (Credit)  
Sent:	Saturday, November 03, 2001 4:14 PM
To:	Heard, Marie; Portz, David
Cc:	Hodge, Jeffrey T.; Keohane, Peter
Subject:	Master Netting agmt.:  AEP

AEP relationship:

AEP Energy Services, Inc.
	Financial trading with ENA (ISDA:  96021110)
	Physical natural gas business with ENA (GTCs)
	Physical natural gas business with ECC (GTCs) 
	Physical liquids business with EGLI (GTCs)

	Guaranties:	Incoming
			$150 MM incoming from American Electric Power Company Inc.
				Covers physical and financial natural gas transactions with ENA, ENA Upstream, and ECC
			$1 MM incoming from American Electric Power Company Inc.
				Covers physical liquids transactions with EGLI
			35 MM Pounds incoming from American Electric Power Company Inc.
				Covers physical transactions of all commodities with ECTRIC, ECTRL, and Enron Coal Services Limited
			
			Outgoing
			$15 MM outgoing from Enron Corp.
				Covers financial trading with ENA
			$5 MM outgoing from Enron Corp.
				Covers physical trading of all commodities with ECTRL
			$6 MM outgoing from Enron Corp.
				Covers financial trading with ECTRIC
			$20 MM outgoing from Enron Corp.
				Covers physical natural gas trading with ENA Upstream Company, ECC and ENA

American Electric Power Service Corporation
	Financial power trading with ENA (GTCs)
	Physical power trading with EPMI (???)
	Physical coal trading with ENA (GTCs)
	Physical synfuel trading with ENA (GTCs)

	Guaranties:	Incoming
			None

			Outgoing
			$35 MM outgoing from Enron Corp.
				Covers financial trading with ENA
			$250 MM outgoing from Enron Corp.
				Covers physical trading of power with EPMI

Credit terms to follow.

JRW