Laserfiche WebLink
Fax ~ 3038663558 Mar 16 ' 01 16 ~ 02 III I II' l l l 11 "II III <br />UJ~ 1~~ U1 L.]: ,p 999 <br />1 ~ <br />STITES &~-iAR.BISONPt,t.~ <br />,rr°,.c.a 250 was:Manam, <br />27001tzinrJSn °intneiaf Carer <br />Latingtan, SY a0507-ii5a <br />959)126-2300 <br />IYfazeh 14, 2001 nss~ 257.8iec ct. <br />wrx.si•; s.cax~ <br />Robot D. Clark, Esq. V;nom r. Garton ai <br />Assistant Atiamey General tass»1:rriza <br />Bu_Qness and Licansias_ Section "9°"'"@"i`-C°"' <br />1525 Sherman Sweet <br />Fifth Floor <br />Deaver, Colorado 60203 <br />RE: In to Powerhom Coal Co.; NOV ACV-2000-010 <br />Deaz ylr. Clarie <br />This letter, oa behalf of Franna Insurance Campaay is is response m your Marsh 13, <br />2001 letter perraiaing to Powerhora Coal Cotapm>y's request for as extension of theNOV <br />abatement period. Your letter iatiieated that the agency would consider as extension upon <br />certain cooditiot7s, thr_e of which pettain.to Ftotttic providing additiaaal information regarding <br />its capacity and eapahiliry to perform bonded obGmations upon default of its ptzttcipal, <br />Powticrfcom Coal Company. V~thout ~~iviag ainr rights or defenses, Frontier, as discttcted at <br />our meeting will agree to provide t$e agenry the information as outlined in Items 3, 4 and 5 in <br />yatr< Marsh 13°i letter incltrdiag reports "Opinion for 2000 Rsave Review" by both Frontier <br />and Tr7liaghast The underlying data is available for the Frontier report, whereas the daze <br />underlying the T'tt'~t rspon will not 6c availablc until Agri11. Frontier don oat have tltc <br />New yorlc Insurance Commission report. Frontier will execute a release for ! uch reports as <br />rquested. Frontier will provide in,°otmation related to the Natiotral Indemairy Company <br />Aggrevate Reiner~ra±+ee A~'eement rhat will 6e helpful sad relevant to the inaniry regarding <br />capacity m perform at Powderhora upon the default of the principal. <br />it is also important that the priaupal and the a~ !nay undezstatrd that it cantintt~ m be <br />Frontier's position that the primary obligations oa the ground lie with Powderhorn Coal <br />Company which, as Debtor in Possession has an obligation t0 stay In compliance with applit-sbte <br />law. Froatic trserves all tishts coda principles of surety, baalsuptry, eavirortmeatal and <br />applicable law w pursue iademni$catian. snbmsation or atha causes of action in the event of <br />apparwt ez acnial default by Powderhora <br />Sincerely Y <br />(~ <br />wiiliatn .Gorton III <br />wTG:es <br />A}Ianta. GA Fr~nkTeti IC1' Nvdm, K'/ Jalferenwlaa,:IN Lonnt°n. %V L°afaville. %Y Natl.vilfk_ lt7 waalrinawn; 0e :~,. ~~ ;~- <br />