Rod and Brant: I finally received their revised draft of the Schedules.
They are still  insisting on an Additional Termination Event that gets triggered if there is  a MAC.
As defined, MAC means a rating that is below BBB- OR Baa3 or failure  to have a rating from either S&P OR Moody's.
I need your guidance on this.
MAC as defined in the CSA  which triggers the threshold going to zero works  the same way.
I seem to recall that from a credit standpoint, we were okay  with a MAC that would be triggered if either rating fell.
Is that correct?
Carol

Idacorp
Rod and Brant: I finally received their revised draft of the Schedules.
They are still insisting on an Additional Termination Event that gets triggered if there is a MAC.
As defined, MAC means a rating that is below BBB- OR Baa0 or failure to have a rating from either S&P OR Moody's.
I need your guidance on this.
MAC as defined in the CSA which triggers the threshold going to zero works the same way.
I seem to recall that from a credit standpoint, we were okay with a MAC that would be triggered if either rating fell.
Is that correct?
Carol
baa0 failure draft schedules additional termination event recall credit standpoint defined csa rod brant zero mac triggered rating works way moody need guidance