Message-ID: <11178982.1075855400665.JavaMail.evans@thyme>
Date: Wed, 19 Dec 2001 13:16:55 -0800 (PST)
From: carol.st.@enron.com
To: leslie.reeves@enron.com
Subject: EPMI Collateral
Cc: sara.shackleton@enron.com, tanya.rohauer@enron.com, 
	elizabeth.sager@enron.com, marcus.nettelton@enron.com, 
	harlan.murphy@enron.com, david.portz@enron.com, 
	leslie.hansen@enron.com
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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)
carol.st.clair@enron.com