Fwd: FW: EEI Collateral Documentation ,
 One of two comments received on Collateral Annex documents

Andrew S. Katz, Director Industry Legal Affairs
Edison Electric Institute
701 Pennsylvania Avenue, N.W.
Washington, D.C.  20004
Voice:  202-508-5616
Fax:     202-508-5673
e-mail:  akatz@eei.org
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From: "Crespo, John" <jcrespo@hess.com>
To: "'akatz@eei.org'" <akatz@eei.org>
Subject: FW: EEI Collateral Documentation
Date: Tue, 5 Jun 2001 17:19:29 -0400
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Andy, we didn't have too many comments, but here they are:

> -----Original Message-----
> From: Cerria, Chuck (Commodities - NY)
> Sent: Tuesday, June 05, 2001 4:16 PM
> To: Crespo, John
> Cc: Butala, John (Commodities - NY); Trivino, Grimuald (Commodities -
> NY)
> Subject: EEI Collateral Documentation
>
> We concur with Enron's and AEP's comments, except as follows:
>
> 1.Interest should be payable on cash collateral held each month and upon
> return of the collateral.
> 2. 15 days to expiry should be the trigger on LC's so that if the LC does
> not auto renew, the pledgee can draw down on the LC when the expiry is
> within 15 days.
>

 - Andy Katz.vcf
elizabeth.sager@enron.com