Greg,  ACTION - PLEASE CALL TODD REID AT DUKE  BACKGROUND: Below is the situation with Duke and subs: 						Exposure	Line		Cash		L/C	 Duke Energy Marketing LP / ECC		($43mm)	$10mm		$52.35mm	$20.5mm Duke Energy Trading & Marketing / ENA		($56mm)	$5mm		$61mm Duke Energy Trading & Marketing / EPMI		($260mm)	$20mm		$171mm	$100mm  The expiration of the letters of credit are 11/30/01.
Duke believes that since these L/C's have less than 20 days to expiry their value should be zero and are asking for additional cash collateral.
Our view of the contract is that these L/C's are good collateral until expiry and should be counted in our outgoing collateral.
The roll of the letter of credit has been delayed as Haedicke/Mintz get comfortable with the reps under the L/C facility.
Duke credit guys are saying that Todd Reid has not received a return call from you and this holding up a resolution.
Bill and Louise

Duke Situation
Greg, ACTION - PLEASE CALL TODD REID AT DUKE BACKGROUND: Below is the situation with Duke and subs: Exposure Line Cash L/C Duke Energy Marketing LP / ECC (<CUR>00mm) <CUR>00mm <CUR><NUMBER>.00mm <CUR><NUMBER>.0mm Duke Energy Trading & Marketing / <COMPANY> (<CUR>00mm) <CUR>0mm <CUR>00mm Duke Energy Trading & Marketing / EPMI (<CUR>000mm) <CUR>00mm <CUR>000mm <CUR>000mm The expiration of the letters of credit are <NUMBER>/<NUMBER>/<NUMBER>.
Duke believes that since these L/C's have less than <NUMBER> days to expiry their value should be zero and are asking for additional cash collateral.
Our view of the contract is that these L/C's are good collateral until expiry and should be counted in our outgoing collateral.
The roll of the letter of credit has been delayed as Haedicke/Mintz get comfortable with the reps under the L/C facility.
Duke credit guys are saying that Todd Reid has not received a return call from you and this holding up a resolution.
Bill and Louise
epmi duke subs exposure marketing company cur view contract good energy trading saying todd expiry value zero reid received return roll