He will then announce that, even without an agreement, the U.S. will still have enough money to continue payments to its creditors.
They are scheduled to pay out that money beginning in July 2007, the year after the contract expires, and continue payments through 2021.
"Let's say the federal regulators tell you to freeze the assets of a policy and the state law requires you to continue payments or you will become ineligible in that state".
Seitel Inc., which sells seismic data to oil and gas exploration companies, replaced its chairman yesterday and said it planned to ask a federal judge whether it must continue payments to a previous chairman who stepped down earlier this year.
It did, however, continue payments made through Paypal, which appear to not have been impacted by the hack.
"If yes," the e-mail continued, "payment is not an issue".
Wade Cline, managing director of the Enron-backed Dabhol Power Company, said the problem was caused by the "continuing payment defaults" by the plant's sole customer, the utility in the Indian state.
The continued payment of Brenneman's base salary was disclosed Monday as part of the company's updated filings with the U.S. Securities and Exchange Commission.
A continuing payment of £70m on BSkyB's "connected TV services", where TVs are linked to the internet and mobile phones, also hit profits, it said.
