Message-ID: <12678989.1075842087196.JavaMail.evans@thyme>
Date: Mon, 1 May 2000 11:50:00 -0700 (PDT)
From: carol.clair@enron.com
To: larry.hunter@enron.com, jefferson.sorenson@enron.com, bob.bowen@enron.com
Subject: Additions to Special Handling List
Cc: susan.bailey@enron.com, susan.flynn@enron.com, tana.jones@enron.com
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Joe, Jeff an Bob:
Here is a summary of those counterparties that have had specific objections 
to our new form of Annex A:

1. Sithe Energy - wants New York law to apply

2. Voest-Alpine Intertrading USA, Inc. - won't agree to the setoff 
language.   Credit should be consulted prior to any further trades to see if 
they are okay with this given our relationships with this entity.

3. Madison Gas & Electric - will not agree to the "or otherwise" language in 
the setoff language.  Again, this is a credit issue.

4. Cargill - wouldn't review the new language because we are close to getting 
a master in place with them.  Sara expects this to happen in the next few 
days.

5. Idacorp Energy Solutions, L.P. -  same as Cargill.  I am working on this 
one and their attorney owes me a response.  This one may take a few weeks.

6. Formosa Plastics - this is the counterparty that sent the threatening 
letter.  It didn't appear from our records that we have traded financial 
derivatives with them recently.

7. General Electric Company - won't accept the chnages and have failed to 
tell me specifically what they object to.  I will continue to follow up with 
their attorney.

8. Basin Exploration, Inc. - same as General Electric.

9. TransMontaigne Product services Inc. - sent letter out on March 30 saying 
they would respond in 30 days and I have never heard back from them.  I will 
follow up with their attorney.

10. Reliant - they didn't accept the new language that we added as clause (z) 
to Section 3(e) and wanted to deal with this differently in the confirmation 
as a trigger that would give us the right to call for collateral.  Credit 
should be alerted.

11. Devon Energy - they had in the past requested more time to review Annex A 
and when I followed up with them last week, they still didn't have a response.

12. Smurfit - Stone Container - same as Devon energy.

13. Public Service Gas & Electric Company - we are close to finalizing an 
ISDA with them.  If we do any trades with them before one is signed they have 
requested chnages in few areas to match what we have agreed to in the iSDA 
negotiations.  I can prepare a mark-up.