-----Original Message-----
From: Shireman, Kristann 
Sent: Thursday, November 29, 2001 1:17 PM
To: Kingerski, Harry
Subject: FW: Enron - CTA Credit Requirement
Sensitivity: Confidential



fyi, please call me.

-----Original Message-----
From: Smith, Critz 
Sent: Thursday, November 29, 2001 11:27 AM
To: Shireman, Kristann; Morris, John
Subject: FW: Enron - CTA Credit Requirement
Sensitivity: Confidential




-----Original Message-----
From: Bohn, Kenneth [mailto:KRB4@pge.com]
Sent: Thursday, November 29, 2001 10:47 AM
To: Smith, Critz
Cc: 'tcontaki@csc.com'; Foley, Jack
Subject: Enron - CTA Credit Requirement
Sensitivity: Confidential


Critz,

Per your request, the Enron credit requirements for your CTA Groups 10004
and 10039 are summarized below.  The credit requirement increases on January
1st based on a recent CPUC Decision which increased the cost of gas for
credit calculations from $1.6826/Dth to $3.50/Dth.  The CTA credit
requirements are defined in PG&E Gas Rule 23.  Acceptable Security Deposits
as defined in Rule 23 include Cash Deposit, Letter of Credit (issued from a
major financial institution acceptable to PG&E) or a Surety Bond.  PG&E's
Credit Department is reviewing Enron's credit situation, an official demand
for Enron to reestablish credit is expected to be issued from our Credit
Department later today. 
  
> In summary,  the Enron CTA credit requirements are:
> 		
> 						Current Requirement
> Jan 1, 2001 Requirement
> Enron Energy Marketing/PG&E-ES		        $143,000
> $202,000
> Enron Energy Services  				      $5,051,000
> $7,592,000
> 
> The related spreadsheets used to calculate the above requirements are
> pasted below.
> 
> Enron Energy Marketing				 <<Enron-EM Based on
> Old Cost of Gas 11-21-01.xls>> 			 <<Enron-EM Based on
> 2002 Cost of Gas 11-21-01.xls>> 
> 
> Enron Energy Services				 <<Enron-ES Based on Old
> Cost of Gas 11-21-01.xls>> 			 <<Enron-ES Based on 2002
> Cost of Gas 11-21-01.xls>> 
> 
> If you have any questions, please give me a call.
> 
> Ken Bohn
> 3-3721
> 
>