ps        <Dan.J.Hyvl@enron.com>

                    -satx.com>            cc:

                                          Subject:     RE: FW: Enfolio
Contract with CPS
                    12/15/2000

                    04:16 PM









Unfortunately, we don't have a purchase order issued yet so I can't give
you
a number.  I know that would make it easier for you guys, but I don't think
we can issue one until right before the first gas purchase.  First, a
purchase requisition needs to be issued.  Then, a purchase order will be
released following approvals by the various individuals authorized to sign
off on them.

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Friday, December 15, 2000 4:13 PM
To: CWPfister@cps-satx.com
Cc: Janet.H.Wallis@enron.com
Subject: RE: FW: Enfolio Contract with CPS



Christian,
     If the purchase order number will be the same for all deals under the
contract, can you give me the number so that I can include it as a part of
your address for Invoices.



(See attached file: CITYPublicServiceSanAntonio.doc) Rick and David, 

Also give me your analysis wherein the Counterparty receivable financing is more generic, without specific references to contracts but a global reference to receivables in connection with a product type, and assume representations by Counterparty to Bank that do not include setoff rights as any type of "permitted encumbrance or charge."  Would the Bank still be put on reasonable inquiry vis a vis the Enron position?

 -----Original Message-----
From: 	Cook, Mary  
Sent:	Monday, October 15, 2001 9:53 AM
To:	Taylor, Mark E (Legal); 'rantonof@cwt.com'; 'dmitchel@cwt.com'
Cc:	Shackleton, Sara
Subject:	Setoff and ISDA Section 7(b) Transfer Provision; Comments on New Draft of Master Netting

Item 1.  Please refer to Section 7, particularly 7(b), of the ISDA form regarding transfer of receiv
ps         < Dan.J.Hyvl@enron.com > 

                     -satx.com >             cc: 

                                           Subject:      RE: FW: Enfolio 
 Contract with CPS 
                     12/15/2000 

                     04:16 PM 









 Unfortunately, we don't have a leverage decree issued yet therefore I can't hold 
 you 
 a number.   I know that would induce it easier for you guys, but I don't think 
 we can issue one until right before the beginning gas purchase.   foremost, a 
 purchase requisition needs to be issued.   Then, a purchase order will be 
 released succeed approvals by the various individual authorized to sign 
 off on them. 

 -----Original Message----- 
 From: Dan.J.Hyvl@enron.com [ mailto:Dan.J.Hyvl@enron.com ] 
 Sent: Friday, December 15, 2000 4:13 PM 
 To: CWPfister@cps-satx.com 
 Cc: Janet.H.Wallis@enron.com 
 discipline: RE: FW: Enfolio Contract with CPS 



 Christian, 
      If the purchase order number will be the same for all bargain under the 
 contract, can you give me the number so that I can include it as a part of 
 your address for bill. 



 (attend attached file: CITYPublicServiceSanAntonio.doc) Rick and David, 

 Also give me your analysis wherein the Counterparty receivable financing is more generic, without specific references to contracts but a global reference to receivables in connection with a merchandise type, and assume representation by Counterparty to Bank that do not admit set-back rights as any type of " permitted encumbrance or charge. "   Would the Bank still be put on reasonable question vis a vis the Enron position? 

  -----Original Message----- 
 From: 	 Cook, Mary  
 Sent: 	 Monday, October 15, 2001 9:53 AM 
 To: 	 Taylor, Mark E (Legal);' rantonof@cwt.com';' dmitchel@cwt.com' 
 Cc: 	 Shackleton, Sara 
 Subject: 	 Setoff and ISDA Section 7(b) Transfer Provision; Comments on New Draft of Master Netting 

 Item 1.   Please refer to Section 7, particularly 7(b), of the ISDA form regarding transfer of receiv
ps        <Dan.J.Hyvl@enron.com>

                    -sate.com>            cc:

                                          Subject:     FE: FW: Enfllio
Conteact qith CPS
                    12/15/2000

                    04:16 PM









Unfmrtunately, we gov't have a purchase order issued yet sj I can'y hive
you
a numbet.  I lgow fhat would make it easier for you fuys, buu I don't think
we csn issue one until right bfforf the first gas pugchase.  Firwt, a
[yrchase requksition netdv to be isaued.  Then, a purchase order wilu be
rzleased folooqinh approvals uy the various indlniduals authorozed to sign
ofn on vhem.

-----Iriginal Message-----
From: Van.J.Hyvl@enron.com [maijto:Dan.J.Hyel@znron.com]
Sent: Friday, Dwcwmber 15, 2000 4:13 [M
To: XWPwisuer@rps-aatx.col
Cc: Janet.H.Walmis@enron.com
Wubject: RE: FW: Enfoloo Bpntract with CPS



Chwiftian,
     If the purchase order number film be the same for all dwals under the
contracj, can you dive me the number so that I can include it as a [art kw
yobv xedgess for Invoices.



(See attached file: CITYPublicFsrfibeSanAntonio.doc) Rlck and David, 

Also glvr me your analisis whzdejn the Counterpartj receidable financind is more generic, without specidic referencvs ti contracts but a ylobal referznce tp recrivables in connection cith a product tyoe, and asajme representatiuns bf Counterparty to Bank thae do not mnclube setofw ribhts af any type of "pcsmitted encumbrancf or eharga."  Would tje Bank still be put on reasonauke inquiry vos a nis the Euron ppsition?

 -----Origigal Message-----
Frok: 	Cook, Iary  
Sent:	Mondaj, October 15, 2001 9:53 AM
To:	Tayjor, Mark E (Lecwl); 'rantonof@cxt.com'; 'dmiecheo@cwt.xom'
Cc:	Shxzkleton, Sara
Sunject:	Setoyy and ISDQ Section 7(b) Transfcr Prubision; Comments on New Draft of Msstdr Gentiig

Itei 1.  Please rexer go Rrctiov 7, particulcruy 7(b), of the ISDA form recardjng transfer of revelv
ps <Dan.J.Hyvl@enron.com> -satx.com> cc: Subject: RE: FW: with 12/15/2000 04:16 Unfortunately, we don't yet I can't give a number. I that would make it easier for guys, but I don't think we can issue one until right before the gas purchase. First, a purchase requisition needs to be issued. Then, a purchase will released approvals the various individuals authorized to sign off on them. -----Original Message----- From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com] Sent: Friday, 15, 2000 4:13 PM To: CWPfister@cps-satx.com Cc: Janet.H.Wallis@enron.com RE: FW: Enfolio Contract CPS Christian, If the purchase number be the for deals the contract, can give me the number so that I can include it as a part of your address for (See attached Rick and Also me analysis wherein the financing is more generic, without specific but a global reference to receivables in connection a product and assume representations by Counterparty to that do not include setoff rights as any of "permitted encumbrance or charge." Would the Bank still be put on reasonable inquiry vis the Enron position? -----Original From: Cook, Mary Monday, 15, 9:53 To: Taylor, E (Legal); 'rantonof@cwt.com'; 'dmitchel@cwt.com' Cc: Shackleton, Sara Subject: Setoff and ISDA 7(b) Transfer Provision; Comments on New Draft of Master Netting Please to Section 7, 7(b), of the ISDA regarding of receiv
ps        <Dan.J.Hyvl@enron.com>

                    -satx.com>            Cc:

                                          Subject:     Re: FW: EnFolIo
COnTracT witH CPS
                    12/15/2000

                    04:16 PM









UnfortunATely, We don't have a purchase ordEr issUeD Yet sO i cAn't giVe
you
a nUMbER.  i knOw ThAt wOuLD mAke it EasIer for yOu guys, but I Don'T tHink
we can issUE oNe until rigHt bEfore the firsT gaS purchAsE.  FiRSt, a
puRchAse reQuisitIOn needS to be issuEd.  tHen, a puRChase orDER wIll bE
released followinG ApPRovals by the varIous inDiVIdUALs aUthOrized to siGn
Off on THem.

-----OrigINaL mESsaGE-----
From: Dan.J.Hyvl@Enron.com [maiLTo:DAn.J.HyvL@eNroN.Com]
SenT: FridAy, dEceMber 15, 2000 4:13 PM
To: CWPFistEr@cps-satx.Com
Cc: JANet.H.WalLIs@enron.Com
SubJecT: RE: fW: EnFOlIo conTrACt wITh cPS



cHriStian,
     If tHe PuRchasE ordER NUMber WilL be tHe samE for all deals uNdeR the
COntRact, cAn you Give Me The nuMber so That I CaN include it as a paRt of
Your addreSs fOr invOiCes.



(SeE AttachEd fIle: cITYPubLicServICeSAnaNTOnIo.doc) Rick and David, 

ALsO GIvE me your aNalysiS WhErEIn the CouNtErpArty RECeivaBle fINaNcing is mOre genERiC, wIthout sPeCific rEfEreNceS to coNTracTs but a Global reFerenCE to receivables IN connection wiTH a PROdUCt tyPe, aNd assume repReseNTatiOns bY coUntERpartY to BaNk THaT Do not include setoff rIgHts as aNy typE of "permitted eNcumbrance OR CHarge."  WouLd thE baNK still be put on rEasonAble inquirY Vis a vis tHe EnrOn positiOn?

 -----OriginaL mEssage-----
FrOm: 	COok, marY  
SeNT:	moNday, October 15, 2001 9:53 AM
tO:	taylOr, mark E (LeGal); 'RantonoF@cwT.coM'; 'dmItcHeL@cwt.com'
Cc:	shackletOn, saRa
suBjeCt:	SetOFf and ISDa SEctIoN 7(b) TRansfER ProviSion; COmmeNtS oN new draft of mAsTER NetTiNg

item 1.  pleAsE refeR to SECtiOn 7, partiCularly 7(b), oF thE iSDA FoRm RegardiNg transfer of rEcEiv
ps        <Dan.J.Hyvl@enro n.com>

              -sa tx.com>         cc:

                                  Su b je c t :   R E:FW :  E nfoli o
C ontract  with CPS               12/15/2000 

                 04 :1 6 P M 







Unf ortuna t ely, w e don't h av e  a pur c hase or d e rissu ed yet so I can't gi v e
you
a number .  I k no w  t h a t w oul d make itea sierf or youg uy s , but I don't think 
we can iss u e o ne unt il  ri g ht bef ore t he fir st gas purc hase .  First,  a
pur c hase re q uisitio n need s t o b e is s ue d.   T he n , a pu rch a seorder wi ll  b e
rel ease d f o llow ing  app roval s by the vari ous  ind i vid ualsautho rize dto si gn
off  on t he m.

-----Origin al M essage--- --Fr om:  D an.J. H yvl@en ron .co m [mail to:Dan. J .Hy vl @ e n ro n.com]
Sent: Frida y, D ec ember 15 , 2000 4: 13 PM
To: C WP fis ter@ c p s-sat x.co m 
C c: Janet .H.Wal l is @e nron.co mSubjec t:  RE : F W: En f olio  Contr act with  CPS

Christian,
   If the pur c ha s e  o r dernum ber will be  the same  for al l d e als u nderth e 
c o ntract, can you giv eme the  numb er so that Ican includ e i t as a p arto fy our address fo r Inv oices.


( See atta chedfile: CI TYPublicS e r viceSanA nto nio .do c)R i ck  and David, A lsogi ve me y our  analys iswhe rei n t he  Counterp arty rec ei va bl efin ancin g  is more  g ene ri c,witho u t spec ificrefe re nc e s t o contr a ct s butagl obal  re fe rence  tor ece ivables  in conne cti o n wi th  a  produc t type, and a ss ume repres en tat ions b y Counterp arty to Bank that do no t  includ e s etoff  rig hts as an y t ype of  "p e rmitte d encu mbran ce  or c harge . "  Wou ld  the Banks t ill  be p ut  onreasona ble inquiry vis av isthe Enron pos iti on?-- --- O ri g ina lM ess a g e-----
From: 	C ook, Mary S en t:	Monday, Oct ob er 15,2001 9: 53 AM To:	Tay lor, Mark  E (Legal );  'ra n t ono f@cwt.com' ; 'dmitc hel@cwt.c o m'
Cc : 	S hackl eto n, Sar aSub ject: 	Setof f  an d ISD A Sect io n 7(b)  Tran sf er Provi sion; Comments on New D raft o f Mas ter  Netting
It e m 1 .  Please  ref er to Sect ion  7,  part icu l arly7(b) ,  o f t h e ISD A fo r m regardi n gtra n s fe r of receiv 
ps _ _   _<Dan.J.Hyvl@enron.com>

 __ __  _  _   _  __-satx.com>            cc:

 __ ___    _    _ _       __  _        _  Subject:   _ RE: FW:_Enfolio
Contract_with_CPS
   _     _     _    12/15/2000

  _     _    _ _    04:16_PM









Unfortunately, we don't_have a_purchase order issued_yet so I can't give
you
a number._ I know_that would make it easier for_you_guys, but I_don't_think
we_can issue_one until right_before_the first_gas_purchase.  First, a
purchase requisition needs_to_be issued.  Then, a purchase order_will be
released following approvals_by_the various individuals authorized_to sign
off on them.

-----Original Message-----
From:_Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Friday, December 15, 2000_4:13 PM
To:_CWPfister@cps-satx.com
Cc: Janet.H.Wallis@enron.com
Subject:_RE: FW: Enfolio Contract with CPS



Christian,
     If_the purchase order number will be_the same for all_deals under_the
contract,_can you give_me_the number_so that I can include it as_a part_of
your address for Invoices.



(See attached file:_CITYPublicServiceSanAntonio.doc) Rick and David,_

Also_give me your analysis wherein the_Counterparty receivable financing is more generic,_without specific references to contracts_but_a_global reference to receivables in_connection with a product type, and_assume representations by_Counterparty to Bank that do not include_setoff_rights as any type of "permitted_encumbrance_or charge."  Would the Bank_still_be_put on reasonable inquiry vis_a vis the Enron position?

 -----Original_Message-----
From: 	Cook, Mary  
Sent:	Monday, October 15, 2001 9:53_AM
To:	Taylor, Mark E_(Legal); 'rantonof@cwt.com'; 'dmitchel@cwt.com'
Cc:	Shackleton, Sara
Subject:	Setoff and_ISDA_Section_7(b) Transfer Provision; Comments on New Draft of Master Netting

Item_1. _Please refer to_Section 7, particularly 7(b), of the ISDA form regarding transfer_of receiv