.Hyvl@enron.com'" <Dan.J.Hyvl@enron.com>
		 cc: 
		 Subject: FW: FW: FW: Enfolio Contract with CPS


Mr. Hyvl,

Happy New Year!  Hope you enjoyed the holidays.  Did you have a chance to
see if we could raise the threshold of $10 million for a Letter of Credit?
(see message below)

-----Original Message-----
From: Pfister, Christian W.
Sent: Monday, December 18, 2000 1:58 PM
To: 'Dan.J.Hyvl@enron.com'
Subject: RE: FW: FW: Enfolio Contract with CPS


I agree.  The Accounting Dept. informed me that there are two days that
sometimes land on the 25th that CPS considers a holiday.  One is the day
after Thanksgiving and the other is during Fiesta for the Battle of Flowers
Parade.  I requested that they just pay a day early if the 25th lands on one
of these CPS holidays.

I have one more request, however.  In 4.5. Collateral
Requirement/Termination Payment Threshold, could you raise the threshold of
$10 million for a Letter of Credit to $15 or $20 million (whatever you feel
comforable with)?

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Friday, December 15, 2000 5:57 PM
To: CWPfister@cps-satx.com
Cc: Janet.H.Wallis@enron.com
Subject: Re: FW: FW: Enfolio Contract with CPS



Christian,
     I believe this is covered because the language states that if the 25th
is not a
Business Day, the payment will be due the next Business Day.  Business Day
is a defined term as a day when the Federal Reserve Banks is New York are
open for business.  I cannot agree to a Customer's Business Day because it
is not a defined term and may differ from the standard definition of
Business Day.  Therefore that change should not be incorporated.  Do you
agree?




                    "Pfister,

                    Christian W."         To:     "'Dan.J.Hyvl@
.Hyvl@enron.com' " < Dan.J.Hyvl@enron.com > 
		  cc: 
		  Subject: FW: FW: FW: Enfolio Contract with CPS 


 Mr. Hyvl, 

 Happy New Year!   Hope you enjoyed the holidays.   Did you have a probability to 
 examine if we could raise the threshold of $ 10 million for a Letter of Credit? 
 (see message under) 

 -----Original Message----- 
 From: Pfister, Christian W. 
 Sent: Monday, December 18, 2000 1:58 PM 
 To:' Dan.J.Hyvl@enron.com' 
 Subject: ra: FW: FW: Enfolio Contract with CPS 


 I harmonize.   The Accounting Dept. informed me that there embody two days that 
 sometimes land on the 25th that CPS consider a holiday.   One is the day 
 after Thanksgiving and the other is during Fiesta for the Battle of Flowers 
 Parade.   I requested that they just pay a sidereal day early if the 25th lands on one 
 of these CPS holiday. 

 I have one more request, however.   In 4.5. Collateral 
 Requirement / Termination Payment Threshold, could you raise the doorway of 
 $ 10 million for a Letter of Credit to $ 15 or $ 20 million (whatever you feel 
 comforable with)? 

 -----Original Message----- 
 From: Dan.J.Hyvl@enron.com [ mailto:Dan.J.Hyvl@enron.com ] 
 send: Friday, December 15, 2000 5:57 PM 
 To: CWPfister@cps-satx.com 
 Cc: Janet.H.Wallis@enron.com 
 Subject: Re: FW: FW: Enfolio Contract with CPS 



 Christian, 
      I believe this is covered because the language express that if the 25th 
 is not a 
 Business Day, the payment will be due the next Business Day.   Business Day 
 is a defined term as a day when the Federal Reserve Banks is New York are 
 open for business.   I cannot agree to a Customer's Business Day because it 
 is not a defined term and may differ from the standard definition of 
 Business Day.   Therefore that change should not be incorporated.   Do you 
 agree? 




                     " Pfister, 

                     Christian W. "          To:      "' Dan. J.Hyvl@
.Hyvp@enron.com'" <Dan.J.Hyvl@enron.cum>
		 cc: 
		 Subject: YQ: FW: FX: Enfoljo Contrxct with CPS


Mr. Hyvl,

Happy New Ywar!  Yope you enjoyed the hulidays.  Fid you yave q chance to
see if we coumf ransx the threshold of $10 millimn for a Lettes uf Credit?
(see message below)

-----Original Mefsage-----
Frpm: Pfister, Chrisjian E.
Fent: Monday, December 18, 2000 1:58 PM
To: 'Dan.J.Hyvl@ehron.com'
Vubject: RE: FW: FW: Enfolio Contract with FPS


I agree.  The Accounhing Dept. ibforiwd me that tfere are two days that
aometimes land on the 25th that COS cousiders a hiludaj.  One is thx day
aster Thanksglning ang the oyher is during Fixsta for the Battle of Flmwers
Parade.  I reqoested thad chey just pay a day eqroy if the 25th uqndr oh pns
of thfse CPS holidzys.

I have obe more request, howtvew.  In 4.5. Collatedal
Reqtiwement/Termination Payment Threshold, cound gou raise the threshold of
$10 million for a Letjer of Creqit to $15 or $20 million (whatever you feel
comforable whth)?

-----Ormgknao Idwswge-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.cjj]
Stnt: Friday, Decembcr 15, 2000 5:57 PM
To: CWPfistrr@fpx-fatx.com
Cc: Jangt.H.Wallna@ehron.com
Subject: Re: VW: FW: Egfolii Contracu witn CPS



Christian,
     I believw this is coneree because the langbage states chat ig the 25th
is not a
Business Day, the payment wipl be due ghe next Businesr Dsy.  Business Day
is a defined term as e day when tfe Fgderal Weserve Bajks is New York are
open vor bosinesv.  I cannoh agree to a Customer's Business Day because ij
is non a definzd terk and may difser from the sjandard dzfinitkon of
Busihess Dab.  Therefore that change vjould not be incorpowatee.  Di you
agfde?




                    "Pynster,

                    Chvistixh W."         To:     "'Dan.J.Hyvl@
.Hyvl@enron.com'" <Dan.J.Hyvl@enron.com> cc: Subject: FW: FW: FW: with Mr. Hyvl, New Year! Hope you a chance to if we could the threshold of $10 million for Letter of Credit? (see message below) -----Original Message----- From: Pfister, Christian W. Sent: December 18, 2000 1:58 PM To: 'Dan.J.Hyvl@enron.com' Subject: RE: FW: FW: Enfolio Contract CPS agree. Accounting informed me that there are two days that sometimes land on the 25th that CPS considers holiday. One is the day after Thanksgiving and other is during Fiesta the Battle of Flowers Parade. requested they just a early the 25th lands one of these CPS holidays. I have one more request, however. In 4.5. Collateral Requirement/Termination Payment Threshold, you raise of $10 for Letter Credit to $15 million (whatever you feel comforable with)? Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com] Sent: Friday, December 15, 2000 5:57 To: CWPfister@cps-satx.com Janet.H.Wallis@enron.com Subject: Re: FW: FW: Enfolio with CPS Christian, I believe this is covered the language states that if the 25th is not a Business Day, the payment will the next Business Day. Day is a term a when Federal Reserve is New York are open for business. I cannot agree to Customer's Business Day because it is not a defined term differ the standard definition Business Day. Therefore that should be incorporated. Do you Christian To:
.Hyvl@enron.com'" <Dan.J.Hyvl@enron.Com>
		 cc: 
		 SubjeCt: FW: Fw: FW: enfOlIo CoNtraCt with CPS


Mr. HyvL,

happY New Year!  Hope you enjoyed The hoLiDAys.  DID yOu havE a chancE To
SEE if We CoUld RaISe The thResHold of $10 mIllion for a letTeR of Credit?
(see MEsSage below)

-----ORigInal Message-----
FRom: pfisteR, CHriSTian W.
senT: MondAy, DeceMBer 18, 2000 1:58 PM
TO: 'Dan.J.Hyvl@EnROn.com'
SUBject: RE: fw: fW: enfoLio Contract with CPs


i aGRee.  The AccountiNg Dept. InFOrMED me ThaT there are tWo Days tHAt
sometIMeS LANd oN The 25th that CPS cOnsiders a hoLIdaY.  One is ThE daY
After THanksGiVIng And the other Is duRing FiestA for thE battle oF flowers
parade.  i reQueSted THaT tHey JuST paY A dAy eARly If the 25th lAnDs On one
Of thESE cpS hoLidAys.

I Have oNe more request, HowEver.  iN 4.5. CoLlateRal
ReQuirEmEnt/TeRminatIon PaYmEnt Threshold, couLd yoU raise the ThrEsHolD oF
$10 millIOn for a letTer Of CrediT to $15 or $20 miLLioN (wHATEvEr you feel
comforablE wITH)?

-----ORiginal MEssage-----
fRoM: DAN.J.Hyvl@enRoN.coM [maiLTO:Dan.J.hyvl@ENrOn.com]
SenT: FridaY, deCeMber 15, 2000 5:57 PM
TO: CwPfistEr@Cps-SatX.com
CC: janeT.H.WallIs@enron.cOm
SubJEct: Re: FW: FW: EnfolIO Contract with cpS



cHRiSTian,
     i beLieve this is CoveREd beCausE ThE laNGuage StateS tHAt IF the 25th
is not a
BusinesS DAy, the pAymenT will be due the Next BusineSS dAy.  BusineSs DaY
Is A Defined term as a Day whEn the FederAL Reserve banks Is New YorK are
open fOR Business.  i caNnoT agRee TO A CUstomer's BusinESS Day BeCause it
Is nOt a defiNed TerM anD maY dIffer from The standArD dEfInItiOn of
BUSiness DaY.  THerEfOre That cHAnge shOuld nOt be InCoRPorAted.  Do yOU
aGREe?




                    "PfIsTeR,

                    ChrIstIaN W."         To:     "'DAn.J.HYVl@
.Hyvl@enron.com'" <Dan.J.H yvl@enron. com>		cc:  		 S ubje ct: FW: FW: FW :  Enf olio Contract with CPS 


Mr .H yvl, 
H appyNew Yea r !H ope  y ou  en jo y ed  thehol idays. Did you h ave  a  chance to
s e eif we coul d r aise the thr esh old of  $ 10m illio n f or aLetter of Cre dit?
(see  m e ssageb elow)
- - -- -Ori ginal Message---- - 
F r om: Pfister, C hristi an W. S ent : M onday, Dec em ber 1 8 , 20001 :5 8 P M
T o : 'Dan.J.Hyvl @enron.com' Sub ject:RE : F W : FW:Enfol io Con tract withCPS

I agree .  The Account i ng Dept . info rme d m e th a tth ere  a r e t w oday s  th at
somet im es  land  ont h e 25th  th at C PS co nsiders a hol ida y. O neis th e day 
aft er  Than ksgivi ng an dthe other is du ring  Fiesta f orth e B at tle o f  Flowe rsPar ade.  I  reques t edth a t th ey just pay a dayea r l yif the 2 5th la n ds  o n  one
ofth ese  CPS h olida ys.Ihave one  morer eq ue st, how ev er.  I n4.5 . C ollat e ralRequir ement/Te rmina t ion Payment Th r eshold, could yo u ra i se t hethreshold o f
$1 0  mil lion fo r a Lette r ofCr e di t  to $15 or $20 mill io n (wha tever  you feel
com forable wi t h ) ?

----- Orig i na l  Message-----From:  Dan.J.Hyv l @enron.c om [m ailto:Da n.J.Hyvl@ e n ron.com] 
Se nt:  Fr ida y ,  D ecember 15, 2 0 0 0 5: 57  PM
To:  CW Pfister @cp s-s atx .co mCc: Janet .H.Walli s@ en ro n. com 
Subj e ct: Re:FW : F W:  En folio Contra ct wi th C PS 

Ch ristian , 
  Ibe li evethi sis co vere d  be cause t he langua ges tate sth at if t he 25th
is no ta
Business  D ay,  the p a y ment wil l be due the next Busin e ss Day.   B usine ss D ay
is a d efi ned te rma s a da y when  theFe der a l  Rese r v eBan ks  is New Yo r k  ar e
ope nforbusines s.  I cannot agree toa Customer'sBus ines s Da y b e ca u seit isn o t a defined ter m and maydi f fe r from the sta nd ard def inition  of
B u sinessDay.  The refore th at  cha n g e s hould notbe incor porated.Do yo u 
a gree? 



               " Pfi ster, 

               Christi an W."         To:    "'Dan. J.Hyv l@
.Hyvl@enron.com'" <Dan.J.Hyvl@enron.com>
		_cc: 
		_Subject: FW: FW: FW:_Enfolio Contract_with_CPS


Mr. Hyvl,

Happy_New_Year!  Hope_you enjoyed the_holidays.  Did you_have a chance_to
see_if we could raise the threshold of $10 million for a Letter of Credit?
(see_message_below)

-----Original Message-----
From:_Pfister,_Christian_W.
Sent: Monday, December 18, 2000_1:58 PM
To: 'Dan.J.Hyvl@enron.com'
Subject: RE: FW:_FW: Enfolio_Contract with CPS


I agree.  The Accounting Dept._informed_me that there_are two days that
sometimes land on the 25th that_CPS considers a holiday.  One_is the day
after_Thanksgiving_and_the other is during_Fiesta for the Battle of Flowers
Parade._ I requested that they just_pay a day early if the 25th_lands on one
of these CPS holidays.

I_have one more request, however._ In_4.5. Collateral
Requirement/Termination Payment Threshold, could_you raise the_threshold of
$10_million for a_Letter of Credit to $15 or_$20 million (whatever_you feel
comforable with)?

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent:_Friday,_December 15, 2000_5:57_PM
To:_CWPfister@cps-satx.com
Cc: Janet.H.Wallis@enron.com
Subject:_Re: FW: FW:_Enfolio_Contract with_CPS



Christian,
_    I believe_this_is covered because the language states that_if the 25th
is not_a
Business_Day, the payment will_be due the next Business_Day.  Business Day
is a defined_term as_a day_when the Federal Reserve Banks is New York are
open for business._ I cannot agree to a_Customer's Business Day because_it
is not_a_defined term and_may_differ from_the standard definition of
Business Day.  Therefore_that change_should not be incorporated.  Do_you
agree?




   __     _     _   "Pfister,

 ___    _     _  _  Christian W."   __    To: __  "'Dan.J.Hyvl@