Smurfit is a QF we serve, but as far as I know, they are current.  Kim W. is 
watching them very closely.

C



Michael Etringer

03/29/2001 07:42 AM

To: Chris H Foster/HOU/ECT@ECT
cc:  
Subject: QF Gas contracts

Chris,  Do we have any outstanding receivables from QF's that you are aware 
of?

Mike
---------------------- Forwarded by Michael Etringer/HOU/ECT on 03/29/2001 
07:50 AM ---------------------------
To: Michael Etringer/HOU/ECT@ECT
cc: Christopher F Calger/PDX/ECT@ECT 
Subject: QF Gas contracts

Do we hold any material past due receivables for gas supply against specific 
California QFs?   If so, what action are we planning to take?  With the 
prospect of getting 15 cents on the dollar for old receivables and a 
mechanism in place for future QF payments, this might be a time to consider 
forcing the QFs hand.  May be there is an origination opportunity with a 
contract restructuring or purchase of the plants.