Here's the latest version.
It looks ok to me.
The most substantive aspect  of it is that Calumet Power (or its affiliate) could end up the indemnity  obligations under the agreement.
(in other words, an entity without a lot of  money to fund indemnity obligations)  In my opinion this isn't important in  the context of the option.
Unless someone objects, I'll tell PERC that Enron is ready to go with the  assignment.
Kay

Option Agreement
Here's the latest version.
It looks ok to me.
The most substantive aspect of it is that Calumet Power (or its affiliate) could end up the indemnity obligations under the agreement.
(in other words, an entity without a lot of money to fund indemnity obligations) In my opinion this isn't important in the context of the option.
Unless someone objects, I'll tell PERC that <COMPANY> is ready to go with the assignment.
Kay
isn important indemnity obligations opinion option unless words entity calumet power affiliate version looks ok ready lot money fund tell perc