
Date: Tue, 17 Apr 2001 02:53:00 -0700 (PDT)
From: elizabeth.sager@enron.com
To: william.bradford@enron.com
Subject: Re: PX LCs
Cc: 
Bcc: 

Bill

I spoke with Richard and we will have to renew.  He is currently trying to
get the PX bankruptcy court to allow us  to take back our security in light
of the FERC ruling re chargebacks, but due to uncertainty of the FERC ruling,
court has not been willing to allow us to remove. Richard continues on the
case.  In the meanwhile, the PX/bankruptcy court will not allow the LC's to
expire without drawing down.  So we should go ahead and renew.





