Message-ID: <20511065.1075844791581.JavaMail.evans@thyme>
Date: Mon, 21 May 2001 19:24:00 -0700 (PDT)
From: jennifer.fraser@enron.com
To: richard.lassander@enron.com, sara.shackleton@enron.com, 
	brant.reves@enron.com, tana.jones@enron.com
Subject: RE: NSPI - ISDA _Update
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X-From: Jennifer Fraser
X-To: Richard Lassander, Sara Shackleton, Brant Reves, Tana Jones
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Folks let's review the facts and get an answer to the customer.
1- In July of 1999, we sent a draft ISDA to NSPI (10MM Line because their=
=20
excellent credit)
2- In October 1999, NSPI sent comments back-- No one from Enron ever=20
responded.
3- In July 2000 I sold NSPI q1-01 and q4-01 weather pust
4- On February=01;13th, 2001i sent an email to B reves, T Jones and=01; ask=
ing that=20
an updated ISDA be sent to the cusatomer as they had undergone a name chang=
e=20
and we wanted the ISDA to cover weather deals. ( a copy is attached)
5- The customer is still without a document and their letter of October 199=
9=20
remains unanswered.
6- Can we please get this issue resolved.=20



=01;

From: Jennifer Fraser 13/02/2001 15:10

=01;  =01;=20
=01;

 To: Tana Jones/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Kevin=20
McGowan/Corp/Enron@ENRON

 cc: "Don Keith" <donald keith,=20

 Subject: ISDA for Nova Scotia Power

Tana and Brant:

We sent an ISDA to NSPI ( Nova Scotia Power Inc) on July 28, 1999. The CP=
=20
would like to get an updated copy in order to have an agreement in place. W=
e=20
have done some financial deals (2 weather puts). I believe they are also an=
=20
active counterparty with us in coal (physical).

Can you please send an updated agreement to

Don Keith

Treasurer

Nova Scotia Power Inc.

1894 Barrington St 9th Floor

Scotia Square

Halifax NS

Canada

B3J 3 A8

Phone 902- 428-6848

fax; 902-428-6181

The website for the CP is http://www.nspower.ca/

Their finacials can be found at http://www.emera.com/

Please note that NSPI (Emera) is a publicly traed utility -- they are not=
=20
gov't owned.

=01;
=01;
-----Original Message-----=20
From: Lassander, Richard=20
Sent: Mon 21/05/2001 18:33=20
To: Fraser, Jennifer=20
Cc:=20
Subject: NSPI - ISDA



Jen,=20
An update with regards to the Nova Scotia Power ISDA. After several days of=
=20
trying to hunt down Brant Reves he referred me to Rudwell Johnson in Credit=
.=20
He in turn sent me back to Tana Jones because there is an ISDA issued and y=
ou=20
don't have to renew it if it is already in place. I go back to Tana Jones t=
o=20
see if the ISDA sent to Nova Scotia in July 1999 included Weather=20
Derivatives. Tana Jones referred me back to Sara Shackleton. I left a voice=
=20
mail with Sara this afternoon. Through this process I found out that the IS=
DA=20
sent to NSPI in July 1999 was never executed and we need to execute it befo=
re=20
we can do any deals with them. I was under the impression that we already=
=20
have been doing deals with them.

=01;

Richard Lassander=20
Enron Global Markets=20
Phone: 713-345-7600=20
Fax: 713-758-8400