sox financing update 2 emissions credits inventory transaction barclays bank plc extended 12 months yesterday november 6 barclays arranged facility 170 million 158 million used yesterday condition extending term past yesterday barclays required collateral form cash deposit l c acceptable bank posted cash l c lines become available cash raised net collateral posted approx 98 million capacity put 2 credits facility facility allows enron raise cash balance sheet without leaving us short positions 2 book condition barclays accepting cash collateral instead l c amended swap master ena barclays plc reduce number days pay avoid payment default one business day three business days notification barclays amendment automatically reverts back original three business days immediately upon enron posting l c replace cash collateral barclays agreed review need collateral six months credit situation improves sufficiently barclays release collateral leaving facility place terms transaction allow egm sell 2 credits facility call back credits one day notice multiple times next year pay interest expense advance call option premium call credits back early however receive refund unused interest expense upfront fee 50 bp 170 mm year though really 13 months spread 65 bp please contact soma ghosh would like updates behalf soma ghosh jim lewis