Subject: EPMI Collateral
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked], [email-masked], [email-masked], [email-masked], [email-masked], [email-masked]
Date: Wed, 19 Dec 2001 13:16:55 -0800 (PST)

Leslie:
It is my understanding that settlement payments are due tomorrow for EPMI trades done with the following counterparties:

El Paso Electric Company
LG&E Energy Marketing Inc.
Great Bay Power Corporation
Niagra Mohawk Energy Marketing Inc.

EPMI is holding LC's that expire 12/31/01 as collateral.  Please advise me ASAP as soon as you know whether payment has been made as we may have a right to draw prior to the expiry date.

Is anyone aware of any other deafults that would give us a right to draw?
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]