fw lc peoples immediate term requesting provide lc pec amount 2 5 mm cover pec providing 100 guarantee wps executive management pec ny annual analyst meetings address outstanding transactions potential remedies week november 26 th chicago laura original message penman gregg sent friday november 16 2001 11 27 luce laura subject lc peoples current situation third party credit support wisconsin public service wps 5 day storage svc 4 months 11 10 01 3 10 01 total value 240 000 demand charge plus minor commodity premium injection gas guarantee 5 million total think get lowered somewhat maybe 3 million per rudwell johnson credit wps accept surety bond enron otherwise 100 guarantee peoples options 1 issue peoples lc enron portion guarantee 2 accept sharing percentage different 50 50 75 25 may work shop pushing high 90 10 sets extremely dangerous precedent future deals may negative implications long term viability enovate concerned message send 3 let deal blow force people hand restricted activities language operating agreement obvious downsides customer perception potential unwinding enovate suggested many options receptive instance issue lc rated junk nrg fuel managment services testing phase combined cycle plant term 11 20 01 3 31 02 total value 100 000 demand charge plus variable charges based usage guarantee given us number yet initially indicated take enron credit rudwell contacting today determine take enron credit amount options third party business counterparty service term total demand charge wisconsin gas 10 day storage service 3 yrs 4 1 02 3 31 05 1 100 000 wisconsin gas 50 day storage service 3 yrs 4 1 02 3 31 05 3 375 000 txu storage service 1 yr 4 1 02 3 31 03 990 000 oneok storage service 1 yr 4 1 02 3 31 03 875 000 pg e storage service 1 yr 4 1 02 3 31 03 840 000 pancanadian storage service 1 yr 4 1 02 3 31 03 402 500 none counterparties explicitly stated take enron credit yet wisconsin gas called expressed concern enron particularly given term txu also called tried wiggle little bit deal result enron situation put time hopefully enough time deals start reassure credit let know questions keep posted thanks gregg