Message-ID: <5408640.1075840018025.JavaMail.evans@thyme>
Date: Mon, 31 Dec 2001 18:34:49 -0800 (PST)
From: legal <.hall@enron.com>
To: stephanie.panus@enron.com
Subject: West Power Counterparty Update:  12/31/01
Cc: tim.belden@enron.com, f..calger@enron.com, christian.yoder@enron.com, 
	jake.thomas@enron.com, sean.crandall@enron.com, 
	chris.mallory@enron.com, tom.alonso@enron.com, 
	mark.fischer@enron.com, diana.scholtes@enron.com, 
	bill.williams@enron.com, diane.cutsforth@enron.com, 
	serena.bishop@enron.com, stacy.runswick@enron.com, 
	susan.rance@enron.com, elizabeth.sager@enron.com
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Today's mail brought the following news:


1.  Metropolitan Water District:  MWD has terminated Deal Nos. 790056.01 and 807275.01, effective December 12, 2001.  There are two other one-month deals, one beginning in February and one in March.  I am confirming with MWD that they intend to terminate those as well, as is required under the WSPP agreement.

2.  City of Vernon:  City of Vernon has terminated all deals effective December 27, 2001.

3.  WAPA is retaining monies due Enron for post-November 30 deliveries while WAPA "assess[es its] set-off rights under the Bankruptcy Code and other applicable law."

4.  City of Luzenac has suspended deliveries until January 15, 2002.

5.  City of Burbank has terminated all transactions immediately.