Message-ID: <31739741.1075855209911.JavaMail.evans@thyme> Date: Fri, 2 Nov 2001 17:39:26 -0800 (PST) From: alberto.levy@enron.com To: amr.ibrahim@enron.com, guillermo.canovas@enron.com Subject: Comparison of Creditworthiness requirements Cc: bryan.gottfredson@enron.com, d..steffes@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: bryan.gottfredson@enron.com, d..steffes@enron.com X-From: Levy, Alberto X-To: Ibrahim, Amr , Canovas, Guillermo X-cc: Gottfredson, Bryan , Steffes, James D. X-bcc: X-Folder: \Jim_Steffes_Jan2002\Steffes, James D.\Security / Collateral X-Origin: Steffes-J X-FileName: jsteffe (Non-Privileged).pst I found this table in one of the documents examined, that compares the ratings for different ISOs: Company Minimum Long Term Rating Minimum Short-term rating CAISO A3/A- for Market Obligations A1/P1 for Grid Management Charge A2/P2 for Market Obligations A1/P1 for Grid Management Charge NEISO "INVESTMENT GRADE" (equivalent BBB-) "INVESTMENT GRADE" (equivalent A3) NYISO BBB/Baa2 or equivalent PJM Interconnection Based on PJM internal scoring system Based on PJM internal scoring system Ontario IMO BBB* or equivalent* * The financial support obligation of a market participant may be reduced by a monetary value associated with a particular credit rating. AAA = 50 MM CAN$; AA = 25MM CAN$; A = 12.5 MM CAN$;and BBB = 5 MM CAN$. Interesting! This table is current as of March 2000. Indeed, I think it might be a useful format to present the information found. Regards, ALF