Subject: Bond subcommittee
From: [email-masked]
To: [email-masked], [email-masked], [email-masked]
Cc: [email-masked], [email-masked]
Date: Thu, 3 May 2001 09:33:00 -0700 (PDT)

- Attached is the core market pool performance bond.  Debtor's counsel is of 
the opinion that the bond permits a one-time draw and does not replenish.  My 
preliminary review yields the same result.  Our analysis after a more 
thorough review will follow shortly.
- I have asked debtor's counsel for information with regard to how SCE's 
unpaid administrative fees were dealt with by PX (and indeed generally how PX 
calculated/handled chargebacks) and will keep following up until I receive 
the requested information.

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 - cmpbond.pdf