I have received Credit's comments and will try to turn around comments soon.

Marie

 -----Original Message-----
From: 	"Perkins, Todd A." <TAPERKIN@southernco.com>@ENRON [mailto:IMCEANOTES-+22Perkins+2C+20Todd+20A+2E+22+20+3CTAPERKIN+40southernco+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Monday, September 17, 2001 9:09 AM
To:	Heard, Marie
Subject:	RE: Southern Company ISDA Master Agreements

I still have not received any comments/feedback on the ISDA Schedule draft
forwarded to you on 7/27/01.  The last time we spoke, you said that you were
still waiting on some comments from your credit group.  I would very much
like to get the process moving again.  If there is something I can do to
expedite the process please let me know.  Also, please let me know if you
have tried to send something to me that hasn't gone through.  My email
address and phone number are below.

Todd A. Perkins
taperkin@southernco.com
(404) 506-0655


> -----Original Message-----
> From:	Perkins, Todd A.
> Sent:	Thursday, August 23, 2001 9:44 AM
> To:	'Heard, Marie'
> Subject:	Southern Company ISDA Master Agreements
>
> We have been working on ISDA's with you for several of our subsidiaries
> (Georgia Power Company, Mississippi Power Company, Gulf Power Company and
> Savannah Electric and Power Company).  Up to this point, we have wanted to
> execute an ISDA for each of these companies.  Due to the way in which we
> operate our generation assets as a single system, we have decided that we
> need to change the way in which we enter these ISDA's.  We would like to
> execute a single ISDA with you that includes six of our subsidiaries.
> This is how we have entered some of our physical trading contracts.  In
> this arrangement, the counterparty on Southern's side would be listed as,
>
> "Southern Company Services, Inc. as agent for Alabama Power Company,
> Georgia Power Company, Gulf Power Company, Mississippi Power Company,
> Savannah Electric and Power Company, and Southern Power Company"
>
> By using this approach, we have more flexibility in entering trades and it
> provides even stronger credit protection for you since all six of these
> companies are on the hook.  Probably the best way to proceed is for you to
> forward your comments back to me from the last draft I sent to you.  I
> will then make the changes to reflect this approach described above and
> send back to you.  I look forward to receiving your comments back.  Please
> give me a call if you have any questions.
>
> Thanks,
>
> Todd A. Perkins
> taperkin@southernco.com
> (404) 506-0655
>
> 	-----Original Message-----
> 	From:	Perkins, Todd A.
> 	Sent:	Friday, July 27, 2001 10:15 AM
> 	To:	'Heard, Marie'
> 	Subject:	RE: Draft ISDA Master Agreements
>
> 	Here are the ISDA Schedules for Georgia Power, Mississippi Power,
> and Savannah Electric with our comments.  Please let me know when you are
> ready to discuss.
>
> 	Todd Perkins
> 	Southern Company
> 	404-506-0655
>
> 	 << File: Enron - Georgia ISDA Schedule.doc >>  << File: Enron -
> Mississippi ISDA Schedule.doc >>  << File: Enron - Savannah ISDA
> Schedule.doc >>
>
> 		-----Original Message-----
> 		From:	Heard, Marie [SMTP:Marie.Heard@enron.com]
> 		Sent:	Thursday, July 12, 2001 11:56 AM
> 		To:	taperkin@southernco.com
> 		Subject:	FW: Draft ISDA Master Agreements
>
>
> 		Hope this reaches you this time.
>
> 		Marie
> 		>  -----Original Message-----
> 		> From: 	Heard, Marie
> 		> Sent:	Wednesday, July 11, 2001 5:01 PM
> 		> To:	'taperkin@southernco.com'
> 		> Cc:	Espinoza, Veronica; Boyd, Samantha; Panus,
> Stephanie; Hendry,
> 		> Brent
> 		> Subject:	Draft ISDA Master Agreements
> 		>
> 		> Mr. Perkins:
> 		>
> 		> Pursuant to Veronica Espinoza's request, I am attaching
> the following
> 		> for your review:
> 		>
> 		> 1.	Schedule to the ISDA Master Agreement and Paragraph
> 13 to the
> 		> ISDA Credit Support Annex between Enron North America
> Corp. ("ENA")
> 		> and Savannah Electric and Power Company.
> 		>
> 		> 2.	Schedule to the ISDA Master Agreement and Paragraph
> 13 to the
> 		> ISDA Credit Support Annex between ENA and Georgia Power
> Company.
> 		>
> 		> 3.	Schedule to the ISDA Master Agreement and Paragraph
> 13 to the
> 		> ISDA Credit Support Annex between ENA and Mississippi
> Power Company.
> 		>
> 		> Please do not hesitate to contact either Brent Hendry,
> Senior Counsel
> 		> at (713) 853-7124 (brent.hendry@enron.com) or me should
> you have any
> 		> questions or comments.  We look forward to hearing your
> comments.
> 		>
> 		> Marie Heard
> 		> Senior Legal Specialist
> 		> Enron North America Corp.
> 		> Phone:  (713) 853-3907
> 		> Fax:  (713) 646-3490
> 		> marie.heard@enron.com
> 		>
> 		>
> 		> 				 <<020ctr(savannah).doc>>
> <<106
> 		> ctr (Georgia Power Co).doc>> 	 <<153ctr(miss power).doc>>
> << File: 020ctr(savannah).doc >>  << File: 106 ctr (Georgia Power Co).doc
> >>  << File: 153ctr(miss power).doc >>
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