Brant: Their lawyer finally called me.
We have a few open credit issues on our side  that I need for you to think about:   1.
Are you okay with the cross default threshold on both sides being 3% of  stockholders' equity?
They didn't like $100,000,000.
2.
For corporate policy reasons, they cannot take advantage of affiliate  setoff.
Since I wasn't sure what relationships ENA and its affiliates had  with this counterparty, I wasn't sure how strongly you felt about it.
Please  advise.
Carol

El Paso Energy
Brant: Their lawyer finally called me.
We have a few open credit issues on our side that I need for you to think about: <NUMBER>.
Are you okay with the cross default threshold on both sides being <NUMBER>% of stockholders' equity?
They didn't like <CUR><NUMBER>.
<NUMBER>.
For corporate policy reasons, they cannot take advantage of affiliate setoff.
Since I wasn't sure what relationships <COMPANY> and its affiliates had with this counterparty, I wasn't sure how strongly you felt about it.
Please advise.
Carol
wasn sure strongly like cur reasons advantage affiliate cross default threshold brant lawyer finally open credit issues relationships stockholders equity policy