Message-ID: <6475984.1075844809234.JavaMail.evans@thyme> Date: Mon, 26 Mar 2001 05:33:00 -0800 (PST) From: sgm@steelhector.com To: sara.shackleton@enron.com Subject: Re: your request for FPL Energy Power Marketing ("FPL") ISDA MasterAgreement Cc: morgan_davies@fpl.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: morgan_davies@fpl.com X-From: "Serge Martin" X-To: Sara.Shackleton@enron.com X-cc: "Morgan Davies" X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_2\Notes Folders\Notes inbox X-Origin: SHACKLETON-S X-FileName: sshackle.nsf Sara: The second FPL entity is "FPL Energy Power Marketing Inc." It is the FPL entity that handles all trades for the non-regulated business units of FPL. We completed the ISDA agreements between Florida Power & Light Co. (the regulated utility) and ENA in early January and I then sent you on January 9th a red-line of the FPL Energy Power Marketing Inc./ENA drafts vs. the final executed Florida Power & Light Co./ENA agreements for ease of review, since the agreements were near twins though you may also recall that we had added a guaranty of FPL Group Capital Inc (FPL Energy Power Marketing Inc. debt is unrated, FPL Group Capital Inc debt is single A). I appreciate you assistance in helping to move this along. Regards, -Serge Serge G. Martin smartin@steelhector.com Steel Hector & Davis LLP 200 South Biscayne Blvd. Miami, Florida 33131-2398 (305) 577-7097 phone (305) 577-7001 fax >>> 03/26/01 12:46PM >>> Serge: Sorry to take so long to respond. A few things: (1) What is the correct legal name of the entity you are inquiring about? Is it the unregulated marketing arm of the regulated utility? (2) There has not been a commercial push from the ENA perspective to set up a new agreement with FPL which explains why I cannot get our credit goup to react. I'll broach the topic again when I hear from you. Please let me know if you have any other questions. Sara Shackleton Enron North America Corp. 1400 Smith Street, EB 3801a Houston, Texas 77002 713-853-5620 (phone) 713-646-3490 (fax) sara.shackleton@enron.com