Message-ID: <30018560.1075861178565.JavaMail.evans@thyme> Date: Fri, 16 Nov 2001 05:08:14 -0800 (PST) From: john.lavorato@enron.com To: barry.tycholiz@enron.com Subject: RE: PGT Pipeline L/C Request Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Lavorato, John X-To: Tycholiz, Barry X-cc: X-bcc: X-Folder: \BTYCHOL (Non-Privileged)\Tycholiz, Barry\Deleted Items X-Origin: Tycholiz-B X-FileName: BTYCHOL (Non-Privileged).pst tych - we are not below bbb -----Original Message----- From: Tycholiz, Barry Sent: Wednesday, November 14, 2001 9:18 AM To: Bradford, William S. Cc: Miller, Stephanie; Grigsby, Mike; Lavorato, John Subject: PGT Pipeline L/C Request Bill, FYI, I have received a formal request from PGT asking Enron to provide security on their pipeline. The request is for approx $ 11MM. They are referencing a provision in their tariff that says that if a co. goes below BBB by S&P, then they have the right to ask for security. I have discussed this request with them and they assure me we are not being singled out. I told them we will review the letter with credit and management and get back to them prior to the deadline imposed on their request( Nov. 20). A copy of this request will be on your desk first thing this a.m. regards, BT