Thanks.  We amended the guaranty yesterday to do just that.  We are trying to 
have the guaranty executed.

Stephanie:  We will ultimately need to attach the "Clement approved" form of 
guaranty to the Confirmation.  Also, we may as well note the new guaranty in 
the amendment to the first transaction.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com



	Edward Sacks/ENRON@enronXgate
	04/19/2001 12:49 PM
		 
		 To: Stephanie Panus/NA/Enron@Enron
		 cc: Sara Shackleton/HOU/ECT@ECT
		 Subject: RE: Con Ed of NY

Looks good to me.  We will need to amend our outgoing gty by increasing the 
amount from $10MM to $20MM and also expand gty coverage to cover all agmts 
which are financially settled w/ ENA.

Ed Sacks

 -----Original Message-----
From:  Panus, Stephanie  
Sent: Thursday, April 19, 2001 11:25 AM
To: Sacks, Edward
Cc: Shackleton, Sara
Subject: Con Ed of NY

Ed,

Please review the attached revised confirm for Con Ed.  The revision is to 
the Exposure Threshold/Credit Ratings on page 1 of Annex B-1.  As ENA does 
not have a credit rating above BBB+, we have inserted $20 mil. (the BBB+ 
threshold) for those ratings above BBB+.

Please contact either Sara or myself.

Thanks,
Stephanie

 << File: 153Aconf (Con Ed NY).doc >> 


Sara - I spoke to Clement about the revised guaranty and have emailed him 
clean and blacklined copies.