Subject: LC's
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked], [email-masked], [email-masked]
Date: Thu, 20 Dec 2001 09:47:18 -0800 (PST)

tanya:
Just a quick update on the LC situation.  We sent a renewal request to Enserco yesterday and they said they would get back to us tomorrow.  If they don't renew by tomorrow I think that we should send them a notice of Event of Default letter which would give them until Wednesday to cure.  If not cured by Wednesday, we could terminate and be in a position to draw on Thursday/Friday.  Who can I coordinate with next week on this?

Leslie Reeves is checking on a few of them that owe payments this week to see if they have paid.

On Vitol, Tom is obtaining a copy of the LC and seeing if they have paid.  He is also checking into Ballarpur.

Greg Johnston e-mailed me to say that they were handling EPCORE and Engage.

We have concluded that nothing can be done on Energy Service Providers, Trafigura and Glencore.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-3393 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
[email-masked]