Does Carol's comment make sense?  Let me know if there's anything I need to do.

Steve

 -----Original Message-----
From: 	St. Clair, Carol  
Sent:	Friday, November 16, 2001 1:25 PM
To:	Van Hooser, Steve
Subject:	RE: Netting agreement

Steve:
Check with Jeff Hodge as I think that their letter may have been referring to a payment netting" agreement only.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-8537 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com

 -----Original Message-----
From: 	Van Hooser, Steve  
Sent:	Friday, November  16, 2001 1:11 PM
To:	St. Clair, Carol
Cc:	Rohauer, Tanya; Hodge, Jeffrey T.; Sayre, Frank; Williams, Jason R (Credit)
Subject:	RE: Netting agreement

Carol,

On October 31 I provided Jay Williams with a Draft MNA for FPL Energy Power Marketing, Inc. (as per attached e:mail).  Jay informed me several days later that FPL Energy was dragging its feet until the contract netting arrangement that its utility, Florida Power and Light was negotiating with ENA was finalized (as per Jeff Hodge's e:mail, he's been working on that transaction).  I've check with Jay a couple of times during November and he has confirmed that FPL Energy is not yet ready to address a MNA.

It sounds as though the letter you received indicates that we need to be talking to someone at the holding company level (rather than at the FPL Energy level) about an MNA.  I'll be happy to help if given a contact.

Steve
 
 << Message: FPL Energy >> 
 -----Original Message-----
From: 	Hodge, Jeffrey T.  
Sent:	Friday, November 16, 2001 11:49 AM
To:	St. Clair, Carol; Sayre, Frank; Van Hooser, Steve
Cc:	Rohauer, Tanya
Subject:	RE: Netting agreement

Carol:

	I am looking at some payment netting documents, but not master netting agreements.  Why don't you send me the letter you received and I can figure out the direction to take?

Thanks,

Jeff

 -----Original Message-----
From: 	St. Clair, Carol  
Sent:	Friday, November 16, 2001 11:47 AM
To:	Sayre, Frank; Van Hooser, Steve
Cc:	Hodge, Jeffrey T.; Rohauer, Tanya
Subject:	Netting agreement

Frank or Steve:
Are either of you handling a MNA with Carolina Power & Light Company, Florida Power Corporation and North Carolina Natural Gas Corporation ?  We just received a letter from Progress Energy (their parent?) and sounds like they are anxious to reach closure on a MNA.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-8537 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com