Missed your call  today and I will be in RAC PRC all day tomorrow.
Basically  Jeff said we must get this exposure down but gave no parameters to the  statement.
He did ask if any recent issue is causing us concern to which we  said no, and I also said we know more about this company than any other  exposure we have (which we should).
I also spoke with M. Kopper today and he thinks the proposed deal w/ TXU to  pay slightly more for a plant with the proviso that we get a cleaner contract  is a good idea, rather than paying a lot of money to an investment bank.
Moral of story in my opinion is to try and improve deal structure with TXU  through the plant purchase or other structured deal.
Do no more (large) deals  with TXU that significantly increase credit exposure ($10mm??)
unless we buy  a derivative that reduces exposure simultaneously.
Continue to stay on top of  TXU with frequent meetings with their management to maintain a close  relationship with good communication.
Lets try and discuss Wed if possible.

TXU Credit Exposure
Missed your call today and I will be in RAC PRC all day tomorrow.
Basically Jeff said we must get this exposure down but gave no parameters to the statement.
He did ask if any recent issue is causing us concern to which we said no, and I also said we know more about this company than any other exposure we have (which we should).
I also spoke with M. Kopper today and he thinks the proposed deal w/ <STATE>U to pay slightly more for a plant with the proviso that we get a cleaner contract is a good idea, rather than paying a lot of money to an investment bank.
Moral of story in my opinion is to try and improve deal structure with <STATE>U through the plant purchase or other structured deal.
Do no more (large) deals with <STATE>U that significantly increase credit exposure (<CUR>00mm??)
unless we buy a derivative that reduces exposure simultaneously.
Continue to stay on top of <STATE>U with frequent meetings with their management to maintain a close relationship with good communication.
Lets try and discuss Wed if possible.
wed possible proviso cleaner contract structure state plant significantly increase credit moral story opinion issue causing concern rac said exposure missed today frequent meetings management