Message-ID: <25706294.1075860924611.JavaMail.evans@thyme> Date: Fri, 11 Jan 2002 14:42:28 -0800 (PST) From: kimberly.watson@enron.com To: steven.harris@enron.com, tk.lohman@enron.com Subject: FW: Sempra Energy Trading Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Watson, Kimberly X-To: Harris, Steven , Lohman, TK X-cc: X-bcc: X-Folder: \Kim_Watson_Mar2002\Watson, Kimberly\Sent Items X-Origin: Watson-K X-FileName: kwatson (Non-Privileged).pst FYI, Kim. -----Original Message----- From: Y'barbo, Paul Sent: Friday, January 11, 2002 3:05 PM To: Watson, Kimberly Subject: FW: Sempra Energy Trading FYI -----Original Message----- From: Cherry, Paul Sent: Friday, January 11, 2002 2:37 PM To: Howard, Kevin A. Cc: Y'barbo, Paul Subject: RE: Sempra Energy Trading Kevin, In following up with the Chief Credit Officer ( who is out today ) another person ( Steven Tilley in Credit ) returned my call. He advised they were not impressed with the letter and that Bankruptcy was a possibility. I replied that this is the best that we could offer short of a guarantee and that no one can predict one/two years down the road. I offered our financials which they will send a CA. I believe it would help it you could discuss their issues. I explained that improving their status was not possible, but Tilley continued to pursue. I have set a time on Monday at 8:30 CST for us to call Michael Sessa, Chief Credit Officer and Tilley. Please advise if that will work for your schedule. Regards. -----Original Message----- From: Howard, Kevin A. Sent: Thursday, January 10, 2002 11:03 AM To: Cherry, Paul Subject: RE: Sempra Energy Trading feel free to sign for me.They cannot obtain a more superior creditor status. -----Original Message----- From: Cherry, Paul Sent: Thursday, January 10, 2002 10:21 AM To: Howard, Kevin A. Subject: FW: Sempra Energy Trading Sorry for this omission. Sempra inquired could they obtain a more superior creditor status than normal? Thanks. -----Original Message----- From: Cherry, Paul Sent: Thursday, January 10, 2002 10:19 AM To: Howard, Kevin A. Subject: Sempra Energy Trading Kevin, I wanted to provide an update. The conversation went well. I am faxing the " letter " , have offered the CA for financials, and walked Sempra through TW. Upon the review of the letter they will get back with me if there are further questions. Also I offered your participation if needed. With your permission may I have your proxy to sign the letter? As an FYI the people on the call were the counterpart of Paul Y and the Chief Credit Officer. Will keep you posted. Regards.