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Guys, Swank has confirmed with me that he is committed to join the mid-market group in east power and make a difference. I would strongly support his movement into either SERC or ECAR as per our earlier discussion. I hope to be moving several experienced dealmakers into the gas and power mid-market groups to increase our deal-making skills and relationships in those markets. I would also hope to move a reasonable number of new associates (that only rotate within trading and mid-market) to the various desks. The goal is to increase the bench strength of the trading and mid-market groups plus support John's iniatives on the fundamental groups. Regards
Mid Market
Tammy, please ensure that budgets and cost tracking similar to the peakers/Doyle are set up ASAP for Austin and Vitro. These should be updated and circulated weely. Regards
Development Budget
Ken, in response to the letter from Mr Miguel San Juan, my suggestion would be to offer up the Falcon for their use; however, given the tight time frame and your recent visit with Mr. Fox that it would be difficult for either you or me to participate. I spoke to Max and he agrees with this approach. I hope this meets with your approval. Regards
Greater Houston Partnership
Guys, have we started the mobilization on the tear-down of the two 501FD's at Gleason? Will they be machining the equipment on site - it appears to me that we should not let that equipment leave the site if possible. Do we have a credible site rep from Westinghouse for both Wheatland and Gleason? Please advise. Thanks
2000 Peakers
Mark, FYI - In my estimation this business is no bigger than Mexico or the Toronto business ie) $25 to $30M in real value with reasonably high risk. I see no value in having two different agendas being pushed in S. America. I also believe that we could cut overhead and right size the organization and not loose any capability. Early estimations are a reduction in budgeted OH by at least a third to one-half. Did you or Jeff speak with Jim? Regards
See Attached
Joe, I would appreciate a quick call by you to Larry to ensure that his organization is focused to get these plants over the goal line ASAP. We still have technical issues with the vendor that need to be addressed. I believe EE&CC is working the issues; however, a phone call from you to emphasize the importance to Enron will add extra encouragement. Thanks. Regards
2000 Peakers
Guys, I understand that none of the facilities were available today - I thought we were targeting 750 MW. What is the updated availability schedule for each unit? We are only a couple of weeks from June 1. Please advise. Regards
2000 Peakers
Jim, my understanding is that there continues to be some discussion on whether there will be functional seperation of the retail and wholesale businesses and to what extent and under what strategy these are undertaken. I am not sure that we want to put ourselves in a box under any structure until these things are completely ironed out eg) country managers et al. I'm not in agreement with any memo that further details the organization beyond what was outlined in the original memo. However, I am in agreement that this needs to get resolved ASAP unfortunately Frevert and Skilling and most of the first world is out this week. I ask for your patience. Lets discuss. Regards
See Attached
Gere, just following up on the offsite - have you all agreed on the target producer list for the insurance product? How is the peaker product developing? Regards
Producer Insurance Targets
Shelly, I would like for David and I to handle this process from the Office of the Chair in order to ensure an orderly deployment of needed resources. Please facilitate through Mr. Oxley. Regards
FULL TIME ANALYST NEEDS
Tim, sorry for the delay - lets talk if you think it is warranted. I can see a lot of positives to take this path. However, there are a) pr issues and b) we have hoards of on-going litigation that cost us a bundle. We should make this decision very carefully. Regards
Plan Questions
Vicki, how much $$ are we talking about for the bankruptcy and the class action suit? It does not seem inappropriate for us to share the bankruptcy costs given the CTC issue. I agree with you on the class action suit. Lets discuss further before we approach ENA. Regards
California bankruptcy expenses
Thanks Chris - I assume you are speaking about credit risk on the thirty day deal when you refer to the $2M exposure on $100 - has Tim spoken to John about this? I am supportive of this proposal and approach. Like our discussion, we have to find a way to be supportive to the re-development of this market without creating un-acceptable credit or market losses. We also have to support Lay's efforts in California. Regards
Freeman and CDWR
David, I'm not sure there is any value to this for EES North America. There are well known and documented controls and process issues in the mid, back and risk offices of the company. We are working quickly to rectify - servicing your needs at the same time would slow us down. On the European side, I would like your perspective on their controls and business. Regards
"Doorstep Reviews" - EES
Matthew, if you know my reputation, I tend not to be a big fan of these type of events either - however, at this point, I need to collect more information on the event and I think it inappropriate to cancel at this late stage. Going forward, I think we as a management team including yourself should discuss what the strategy should be going forward. Don't hesitate to voice your opinion. Regards
EES Pinnacle Event
Richard, it is my understanding that this investment is currently in Ray Bowen's business. In my ENA shoes, I would say we would have no interest in taking on that responsibility. In my EES shoes, I would like to take a closer look at the possible connections. Please send me some info on the investment fund and their current investments portfolio. I have also heard that Tom White has been talking to you about EES taking on the Catalytica investment. With my EES shoes on, no way!!!! Regards
Heartland Industrial Partners
a) year end reviews - report needs generating like mid-year documenting business unit performance on review completion - David to John; b) work out or plan generation for the NIM/Issues employees - David to John; c) HPL transition issues - ongoing. Officially transferred. Regards
Key HR issues going forward
Guys, can you start working on your presentations for the offsite. Dave I would like you to focus on the new generation of capital products that you are working on for the IPP market which should be able to source short and medium term commodity liquidity and be syndicatable(?) on the capital side. Go into some detail and speak to a couple of specific opportunities. It may also be interesting for you to give an initial cut on the economics of coal generation (including emissions control) given current power and gas markets and a quick view of the development process. How should we participate in this market? Gasification technology? Jeff, in your talk, can you focus on the emerging distributed generation sector ie) the technologies, the users, the VC's, etc. Specifically, how will these technologies change our business model and the overall power business model? How are we positioning ourselves in this market? What is the PI strategy with this regard? Dorie Hitchcock and Tammy Sheppard can do a lot of the heavy lifting; however, we need a first cut by December 8th. Thanks
ENA 2000 Offsite
Janet, if you are ok, I'm ok - we usually only sign these type of non-solicitations, stand-stills or non-competes if we are well down the road towards having a reasonable probability to completing a transaction with the counterparty. Otherwise, it becomes a nightmare to manage all these. I will leave it to your discretion. Regards
Approval of a Non-Solicitation Provision
Beth, can you start putting together your presentation for the offsite. You have approximately one hour. Topic should focus on the 2001 ENA systems plan (ie) what are identified priorities, key maintenance, new iniatives and maybe your view of where we need to go in the future. I would leave some time for questions. The audience should come away from the meeting with a pretty good understanding of what is our systems agenda for ENA in 2001. Could you have a first cut by December 8th? Tammy Sheppard and Dorie Hitchcock can do some of the heavy lifting. Regards
ENA Offsite 2000
Rob, if you and Dave think this is your best branding opportunity in the short run as we gear up I am supportive. I assume this will be covered in Canada's budget. Send me a towel. Regards
Retail Branding
Guys, I can't recall how the corporate opportunity is managed between Canada and the US for these customers particularily with regard to their transactions in Michigan et al. Is Eastern Canada now managed by the Central desk from a trading and mid-market point of view since Story came down to Houston? How are the structured deals managed? Is this still the right split for the business? Regards
Eastern Canada
Mike, as a policy offsites and retreats, especially more exotic and expensive, are being discouraged. I would prefer the Galveston offsite and I don't see a need for more than one per year. Please manage through PR - Dorie Hitchcock - she will require an agenda as part of the approval process. I would encourage some significant work discussion to be part of the offsite. If you have some concerns lets discuss. Regards
ENA Principal Investments Outing(s)
Guys, in coordination with your trading partners, can you start putting together your offsite presentations. Each group will have approximately one hour to one hour and half. A suggested format would include (for East Power, East Gas, West Power, Canada (power and gas), Central Gas and West Gas): a) market overview - including supply/demand, structural changes, etc; b) strategy and opportunities in 2001(include five new trading/origination opportunities for 2001); c) expected 2001 new products/structures, coverage and deal flow; d) what worked in 2000 what didn't; and e) organization and resources - people, assets, constraints, etc. In a nutshell, we want you to share with the group how your market works, where the opportunties lie and how are you positioning yourself to take advantage of those opportunties in order to reach your financial and other goals in 2001. Tammy Sheppard and Dorie Hitchcock will coordinate and do a lot of the heavy lifting; however, they need your first cut by December 8th. Thanks
ENA Offsite 2000
Brian, good memo - I think you mean't Energy Capital Resources not Enron Capital Resources in your memo. I would distribute widely in the management ranks. Regards
Tech Services
Jim, I can assure you that neither John or myself are trying to attract blame or "cover our backsides"; however, I do believe that there is/was a genuine breakdown in communication somewhere in the deal team, accounting and the desk. As well, it appears that this is not completely a black and white issue and can legitimately attract a number of points of view. As executives of this company, you, Brian, Tim and Tom absolutely were responsible to ensure that all aspects of this transaction are managed correctly. Nevertheless, I think it is amazing we have not had more problems with this divestment given the size, complexity, time and how intertwined it is into the overall framework of ENA. I appreciate your candor and the unselfish maturity to bring to the trading floor. I look forward to working with you as we continue to build our Texas and gas business. Regards
Bammel Storage Cushion Gas Issue.
Marty, looks like this nut may have some fruit. I look forward to continuing our discussions from 2000 on how we can be better together - I am committed to doing this the right way as I know you are. Regards
Enron Direct Canada-First Deal
Randy, give them what they want and lets move on - don't give another guarantee provide the indemnity for the IRS and environmental claims. Mark if there is a flaw in my thinking let me know. Joe, these guys have been exceedingly difficult to deal with - I would think twice before we bring these guys into any Enron deal in the future. Regards
Fidelity update
Jeff, go ahead and have the meeting - I think I know what it is about. Let me know what you guys want to do. Regards
meeting with Jeff Donahue
Guys, attached you will find a completed 2001 Pro Forma budget needing Lavo's review and then detailed review with each team. This workbook has a number of worksheets including: a) pkrs o&m - this details the o&m costs for the sold peakers assuming we own throught Q2 - charged to the OOC; b) driftPrepay - shows the detail as provided netting drift and pre-pay expenses - not all that relevant if you assume that increasing drift will be offset by larger monetizations; c) Summary - overall completed income statement - note that non-external capital charges are added back to reach EBIT; d) commercial income - guts of the commercial budget; e) group expenses - shows the detail on ENA net groups expenses, EIS/ENW/IT non-allocable, corporate charges not allocated to specific commercial groups and bonus/other comp; f) HP&L - takes a cut at HP&L income statement and balance sheet in 2001 assuming a sale by the end of Q2 - this needs some sit down work with Redmond; g) Balance Sheet Allocations - this defines by group the capital employed, assets to be sold and new capital expenditures expected in 2001 - then calculates a net capital and depreciation charge; h) Balance Sheet - this defines the existing balance sheet with no anticipated sales or increases by vehicle (ie) Enserco, JEDI, etc - merchant investments are charged @ a blended rate of 15% and strategic investments are charged @ a blended rate of 9%. Two action items: a) Print out for John - Commercial Income & Summary worksheets for his comment and review & b) Start putting completed commercial packages together for distribution/further comment by the business units in the next couple of weeks - include detailed income statement, headcount, balance sheet (including expected increases,decreases, capital charge and depreciation), leave pages open for goals & objectives and target customer list. I would like to review format and detail for each group before distribution. Regards
2001 Pro Forma
Guys, great job on this one..... 2001 - should be a big year for Mexico: a) equity sell down of the Monterrey project; b) close and further sell down of the Tex Mex project; and c) 20% growth on risk mgt volumes and income from 2000 levels. Thanks for the great work. Regards
Monterrey Project -- Closing
Dave will be out of the office December 23, 2000 until Monday, January 8, 2001. He will be checking his voicemail and will have his cell phone. The following are the numbers where he can be reached:
Out of the office
Bill, I think you are confusing me with John Lavorato my COO. I am a University of Saskatchewan grad. Regardless, if I can help lets discuss in the new year. Regards
Recruiting/Sponsorship at Ivey
Guys, can you put together the folllowing Portfolio/Charter Review for Principal Investing and Energy Capital Resources: a) detail existing portfolio - winners/losers; additions/deletions and overall performance; b) detail market conditions in your markets and any strategy changes following; c) anticipated major transactions in 2001; and d) review charter and detail any proposed changes. I would anticipate that we sit down with Rick and Jeff at the end of January - please have package available for my review by mid January. Regards
Portfolio/Charter Review
Dave would like to schedule a meeting the you today to discuss HPL...... Would 4:00 pm be ok with all of you....??? please let me know your availability as soon as possible. Thanks,
HPL Meeting
Brett, since Enron owns NEPCO - true risk transfer under a fixed price contract is difficult. However, I do like the behaviour that you get from such accountability (ie) high incentive to get done on time and on budget. My experience with NEPCO on cost plus has been very unfavourable (don't like #1). I will be supportive of any structure that aligns our interests appropriately. You might want to bounce a few ideas off Dan. I have already given him a heads up on the value at stake if we can come in at the low end of the scale and early. Drop me a note on where you end up. Regards
EPC for Eletrobolt
Chris, sounds good - a) Wes will work with you on earnings recognition issues for Pastoria and b) selling the LM's and the LV Cogen asset is a good call regardless of the hit. Some accounting flexibility on the LV hit may be worthwhile. Value protected counts just as much as new value created - you are doing the right thing. Regards
Update on Pastoria and Las Vegas Sale
Rebecca, lets just go forward with HPL on Thursday - Tex Mex, after going through with the deal team, still has some issues to be resolved. We will push this into Q1. The HPL deal is anticipated to be signed on Thursday afternoon or Friday morning. Regards
Board
Guys, the outside date on termination due to force majeure was moved to October 31,2002. It is our risk to construct the pipeline;however, it is a breach of contract if Petrobras does not have gas at the site by April 30, 2002. Regards
Elektrobolt DASH - EE&CC Questions/Comments
Guys, attached you will find a draft org memo that I anticpate going out on Thursday. I appreciate your patience. Please give me any comments ASAP (only major issues). Brian/Tim, I assume that we need a communication strategy to HPL employees before this memo goes out - please advise. Please keep this note confidential until release. Regards
CONFIDENTIAL
Starting on Thursday, April 19, at 2:00 p.m. there will be a weekly telephone conference for the California litigation team. The objective will be to identify key issues and plan a coordinated strategy for all litigation in California. The call will last not more than one hour. Thus far, the responsibility has been allocated as follows: 1. PG&E Bankruptcy Lisa Mellencamp and Carl Ecklund (LeBoeuf Lamb Greene & McRae) 2. Class Actions Richard Sanders and Robin Gibbs (Gibbs & Bruns) 3. CTC Matters Bob Williams, Mike Day and Gary Fergus (Brobeck) 4. FERC Matters Regulatory and Richard Sanders and Dan Watkiss (Bracewell & Patterson) 5. Government Investigations Regulatory and Richard Sanders Richard Sanders and Robin Gibbs will have overall responsibility for coordination of the litigation.
California Litigation Team
Ken and Jeff: Glen Darden, the President and CEO of Quicksilver Resources, Inc., is a longtime personal and professional friend of mine. Recently, he has asked whether I would consider serving as an outside Director on the Board of Directors of Quicksilver. Before meeting with Glen to discuss this further, I want to make sure that Enron does not have any objections. Headquartered in Fort Worth, Texas, Quicksilver is a natural gas and crude oil production company engaged in the development and acquisition of long-lived producing natural gas and oil properties. Quicksilver began trading publicly in March of 1999 on the American Stock Exchange (KWK). Quicksilver has a long standing business relationship with Enron. Enron has historically entered into pre-pays and hedging transactions related to natural gas production and continues to do so today. Enron (via JEDI) also provided some financing at the time of the merger of Quicksilver and Mercury Exploration and was a significant shareholder of Quicksilver at the time of its initial public offering. I believe JEDI has since divested this stockholding. If I were to serve on the board of Quicksilver, I expect that there will be related party transactions of a routine ongoing nature that would need to be disclosed and which I would need to abstain from voting on as a member of the board. However, I do not feel there would be any material conflicts of interest as Quicksilver's core business is complementary to Enron, not competitive with Enron. As a personal matter, it is an experience that would be beneficial and would provide valuable personal visibility in our industry. I am scheduled to meet with Glen and others at Quicksilver later this month to further discuss this possibility. Would each of you please let me know after due consideration whether you have any objection to or concern with the position. Please do not hesitate to call me (x67713) if you have any questions or wish to discuss this further. Thanks.
Quicksilver Resources
Attached for your information is a memo that we plan to send out to employees worldwide Monday afternoon or Tuesday morning discussing the Policy Committee's cost saving recommendations. To the extent there are unique aspects of these policies as they apply to your business unit, please follow up with a further communication to your employees. We will send you a list of frequently asked questions that deal with systems issues. Thank you.
Cost Savings Memo
Jim - I have attached a June 8, 2001 memorandum detailing the status of EWS litigation. Per your request, this memorandum will be provided to you on a weekly basis. Changes from the previous week will be in bold. Thanks.
Status of EWS Litigation
Welcome back to the Body Shop! January 22, 2001 is re-opening day, and we look forward to seeing you again on a regular basis! Please find your assigned locker and combination below. If you have any problems using your new locker, please ask one of the Body Shop staff for assistance. Locker# - 809 Combination - 27-11-33
locker
I just wanted to take a moment to remind you that you have daily access to your Enron Corp. 1994 Deferral Plan and/or Enron Expat. Services, Inc. Deferral Plan account information by phone or via the Internet. Year-to-date salary, bonus, and other long-term program payments (including restricted stock releases) have been posted to your account if you elected for 2001 deferrals. Deferrals were invested as specified on the election form you completed during 2000 (if applicable). You may call (800)316-7526 or visit www.rsweb.com/61045 to access your account balance, transaction history, or investment election information. This is the same phone number/web site that you use to access 401(k) savings account information. You will be prompted to provide your Social Security Number and your PIN. If you do not know your PIN, you may request for your PIN to be mailed to you. By phone, enter your SSN and any 4 digit number, then press 1 to request your PIN. To request your PIN via the Internet, after entering your SSN, check "Lost PIN". If you have any questions concerning the deferral programs or your account history, please call Renee Ratcliff (713-345-5790) or me (713-853-7084).
EXEC. DEFERRAL PROGRAM - REMINDER
David and Jim: I spoke with Joe Hubach today and he is very interested in becoming a part of the new Tech Law Center. Joe is expecting your call, Jim, and David you might want to follow up and invite him to lunch. He said he would do his best to attend the ICLC Advisory Board meeting and the Symposium this year, too (no doubt mainly to hear Jim's talk!) His contact information is as follows:
Joe Hubach of Texas Instruments
Ladies and Gentlemen: The 2002 Spring Conference of the TGCG has been scheduled for Friday & Saturday, April 5-6 at the Hyatt Hill Country Resort in San Antonio. Please mark your calendar. Initial details will be forwarded next month. Thanks,
Texas General Counsel Group - 2002 Spring Conference
Jim - The option number was previously understated - should have been $252,010, for a total avg. comp. package of $384,000 in 2000. Separately, I will forward document you may send externally.
REVISED
Jim - The early estimate of $100,000 was way low and ignored Options. Short answer: Avg. Board fees in 2000 were $79,000 (about 1/3 required to be deferred). Plus avg. phantom stock grant of $53,000 and stock options of $205,000, for total AVG 2000 value of $337000. Obviously big variable is value of options, which are based on a fixed number but a varying Black Scholes value. Paula
BoD Comp - Important
Milberg Weiss has filed a shareholder derivative suit against Sprint's directors and officers in connection with the failed Sprint-WorldCom merger. Yesterday, the Missouri state court judge denied our motion to dismiss for failure to make a demand first on the Sprint board of directors. The Sprint board has now established a special litigation committee, which will investigate the allegations and make a report and recommendation to the court. As you may know, special litigation committees rely heavily on independent counsel for conducting the investigation and writing reports. The selection of independent counsel is made by the special litigation committee. However, because the committee is unaware of counsel who do this type of work, I am writing to solicit any recommendations you may have. If your board of directors has used a special litigation committee, and you believe that independent counsel had the requisite experience to get the job done in a timely, complete and professional manner, I would appreciate a reply to this message. If you were impressed, please let me know the name of the firm and principal attorney. Thanks and best regards,
Counsel suggestions
A friend of mine, Jim McCloskey, a Director at Ernst & Young, mentioned to me that one of his partners and former Vice Chairman of E&Y, Bob Herdman, was recently named Chief Accountant to the SEC and asked whether E&Y could be of any assistance with respect to the present SEC inquiry. I told Jim that I would convey his request to the appropriate personnel. If you or any one wanted to discuss this matter further with Jim he can be reached at 713-750-8206. I do know that Jim had met with Jeff Skilling earlier this year to talk about opportunities in E&Y working with Enron and I think he has another meeting scheduled in November with Rick Causey and others for a follow up presentation, all unrelated to the SEC inquiry. Regards,
Ernst & Young
The following are the names I have identified as participants for the Corporate Legal Year End 2001 PRC Meeting on Friday, December 7th. Jim Derrick Rob Walls Chuck Cheek Paula Rieker Rex Rogers Please let me know if there are any changes to this list. We are only required to review Manager level and above however, we have the flexibility to review all (or some) levels. Please let me know how far down you would like to go on the review table. My recommendation is that we may want to discuss at least down to the Sr Specialist level since there may be some nominations for promotion to Manager in this category. If you have questions, please call me at Ext 30649. Thanks. Sheila Walton
Year End 2001 PRC Meeting
The following are the names I have included for the Functional Legal Year End 2001 PRC Meeting on Thursday, December 6th. Jim Derrick Rob Walls Mark Evans Drew Fossum Mark Haedicke Kristina Mordaunt Julia Murray Vicky Sharp Please let me know if there are any changes to this list. Also, please confirm if we will continue to review VP Level only or if you would like to go down to Senior Director or Director. Thanks. Sheila Walton
Functional Legal Year End PRC Meeting
I'm attaching a copy of Azurix's Request for Arbitration with ICSID in Washington relating to Azurix Buenos Aires. The claim should be formally registered (i.e., cleared as valid for jurisdicitional purposes) today or early next week. King and Spalding put together a summary of the various themes to emphasize in the arbitration. Much of it is quotations from provincial officials, in official reports or to the press, demonstrating the political nature of the Province's decisions. This should give you a flavor of our case. - 3D_L01!.DOC
Azurix's Case Themes
Dear Mr. Derrick: Thank you for including me in this venture. It promises to be fun and useful. Unfortunately, in terms of the November 2nd meeting, a faculty candidate I'm primarily responsible for is coming through the law school the same day. He is giving a colloquium late morning/early afternoon and my wife and I are hosting the dinner for him and his wife that evening. So, especially given the post-9/11 logistics, it doesn't seem practical for me to come to Dallas for this meeting. One possibility might be for me to participate by phone for a portion of the afternoon meeting and I would be happy to do so. But given the nature and length of the meeting, this probably doesn't make sense - please let me know what you think. Best regards.
Nov. 2 Mtg of Exec Comm of Inst for Law & Tech
Personal & Confidential Marc: Given your message to me the other night, as well as recent communications between your commercial personnel and our credit group, I want to again review the NPW disclosure issues with you, Scott Freeman/Joe Armbrust and Joe Cialone. I believe that it is essential that we discuss the disclosure issues today, and will be traveling tomorrow. Please let me know this afternoon when we might be able to talk. Thanks,
NPW Disclosure
Hold the Date: November 28, 2001 Place: Institute for International Economics 1750 Massachusetts Avenue NW, Washington, DC Speakers: Under Secretary of State Alan Larson Under Secretary of Commerce Grant Aldonas IIE Director Fred Bergsten TI Chairman Peter Eigen Transparency International USA is pleased to invite you to a Private Sector Luncheon Briefing on November 28, 2001, from 11:30 a.m. to 2 p.m. in Washington, DC. Our speakers from the Administration will be Under Secretary of State Alan Larson and Under Secretary of Commerce Grant Aldonas. IIE Director Fred Bergsten has generously offered to host this event and will share his views on the continuing importance of the fight against corruption. TI Chairman Peter Eigen will bring participants up to date on the growth of the TI global network. TI is playing a key role in the monitoring process designed to assure enforcement of the OECD Anti-Bribery Convention. With the economic downturn, effective enforcement is now even more critical to dissuade those who would use bribes to secure business. With US attention turned to mounting a global coalition to address the terrorist attacks of September 11, we must redouble our efforts to ensure that the Administration and the Hill provide adequate political and financial resources for the anti-corruption agenda. The private sector must continue to play a central role in this effort. This timely and important meeting will provide a forum for the private sector to share its views with policy makers. We will also devote time to a frank and informal discussion of TI-USA priorities and how to meet the challenges ahead. Please let us know if you plan to join us.
TI-USA Private Sector Luncheon Briefing
James Given Whalley's promotion, it looks like the Xcelerator will remain under Corporate, rather than moving to EWS as expected when we last spoke. Given that change, would you like for me to continue to request support from Mark Haedicke's group or is there someone in the corporate area you'd rather I approach. Whatever route you suggest is fine with me. Most pressingly, I'd like to discuss our ability to compete with a company with which we've been in discussions -- if possible by the latter part of the week.
support for Xcelerator
<<Vinson & Elkins LLP Our Lawyers.htm>> ++++++CONFIDENTIALITY NOTICE+++++ The information in this email may be confidential and/or privileged. This email is intended to be reviewed by only the individual or organization named above. If you are not the intended recipient or an authorized representative of the intended recipient, you are hereby notified that any review, dissemination or copying of this email and its attachments, if any, or the information contained herein is prohibited. If you have received this email in error, please immediately notify the sender by return email and delete this email from your system. Thank You - Vinson & Elkins LLP Our Lawyers.htm
Sims
I will be out of the office from December 14th until next year. In my absence, your New HR Rep will be Terry Bosien at Ext 35230 and Sonja Galloway at Ext 35796 will assist her. Thanks and Happy Holidays to all of you. Sheila Walton
NEW HR REP
Jim, as I mentioned to you earlier we are forging ahead with the Enron Corp. interests project in Europe. We commenced our work based on discussions with Jim Fallon, Ray Bowen and others about a week ago and plan to pay the employees with funds currently held by EEFT. I expect to receive tomorrow a formalized structure for the teams, again organized around EEFT. As I understand it, however, this proposal will not address any retention bonuses for the teams because this issue is still under discussion. I have been told that there is hesitancy on the part of some in Houston to provide for such payments but I do not know the reason for that hesitancy. May I suggest that it would be entirely appropriate to provide for retention payments in this case. As I have mentioned, part of this project is to recover value from existing contracts in entities such as ECTRIC, which value is estimated in the aggregate to be $150 to 200 million. Another aspect of the Corp. interest project is to properly wind up entities so as to recover value and minimize director liabilities. A proposal was made that a percentage of the recovered value would be put into a bonus pool and shared among all of the team members, whether those individuals had focused on recovery of funds or minimizing liabilities. I am told that this proposal was rejected in a conference call held today. I am very concerned about our ability to keep people working on this project without some additional incentive. The project is extremely difficult and many people, in particular the traders who are in a position to protect value in ECTRIC, have other job options. In addition, the employees on the team are aware that many individuals who are working on PWC teams are receiving retention payments. If the team to protect the ECTRIC interests is not retained in the short term, ECTRIC is scheduled to be put into administration on January 4, resulting in termination of many of its in-the-money contracts and a loss of an estimated 50% of its value. Jim, if you are inclined to support retention payments to help us maintain this effort going forward, will you please communicate that fact to Jim Fallon, Jeff McMahon and Ray Bowen tomorrow, as it is likely we will begin to lose people after Christmas. Thank you.
Enron Corp. interests
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CORRECTION: Outlook Outage - Friday, December 28, 2001
Marty Klepper just called and wanted to know where he can send something to you tomorrow. Do you want me to give him the Inwood address? Also, he wants you to call him at 202-371-7120. Are you coming back to work?
Marty Klepper
Dear Jim: I am planning to be in Houston later this month when two of my Moscow-based partners, Bruce Bean and Ivan Marisin, will be speaking there at a Production Sharing conference. Once being in Houston, I would very much like to pay you a visit, remembering the invitatiuon you kindly extended to me when visiting our offices a couple of years ago. Of course, I would also like to introduce to you Bruce and Ivan, both of whom do work in the energy field and in other areas Enron is active in. We expect to arrive in Houston in the afternoon of Tuesday May 29 and depart in the afternoon of Thursday May 31. It would be great if you we were to have some time for us, and I would appreciate it very much if you could send me a brief email and let me know whether a meeting with you might work out. Independently, I will also try to contact Mark Haedicke so as to see whether I could se him again, too. With best regards
Visit to Houston
Marty Klepper just called and wanted to know where he can send something to you tomorrow. Do you want me to give him the Inwood address? Also, he wants you to call him at 202-371-7120. Are you coming back to work?
Marty Klepper
The following Delaware limited liability companies were cancelled/dissolved on December 13, 2001. Evidence of the following cancellations to be filed in the 48th floor vault, Enron Building Please notify all interested parties within your group. Chiricahua I LLC (Company #1382-CHRI) Chiricahua II LLC (Company #1383-CHR2) Chiricahua III LLC (Company #1384-CHR3) Chiricahua IV LLC (Company #1385-CHR4) Chiricahua V LLC (Company #1386-CHR5) Chiricahua VI LLC (Company #1387-CHR6) Chiricahua VII LLC (Company #1388-CHR7) Chiricahua VIII LLC (Company #1389-CHR8) Chiricahua IX LLC (Company #1390-CHR9) Chiricahua X LLC (Company #1391-CHR10) Chiricahua XI LLC (Company #1392-CHR11) Chiricahua XII LLC (Company #1393-CHR12) Chiricahua XIII LLC (Company #1394-CHR13) Chiricahua XIV LLC (Company #1395-CHR14)
Notice of Dissolution of Chiricahau I LLC through Chiricahau XIV LLC
Jim, as we discussed late last night I checked with all folks in the DC office who would have any conceivable reason to talk to Treasury. No one had a conversation yesterday where the SEC issue was discussed. Today, I have checked with the remainder of the DC office, and no one has had such a conversation. I hope this is helpful.
Enron DC Office contacts with Treasury/SEC
Jim Bouillion of CRM and Gary Cooney of McGriff, Seibels (our insurance broker) asked that I raise three matters with you: 1. Scheduling of a meeting with the D & O carriers' counsel; 2. Obtaining additional D & O coverage; and, 3. Defense counsel selection in light of the possible "advise of counsel" defense and subrogation rights of the carriers. I know that you are covered up, but I would not expect discussion of these issues to take more than 15 minutes. I will wait to hear form you or Steph. Thanks.
Securities Litigation -- D & O Carriers
Dear General Counsels: On Monday, May 21, 2001, our two summer associates, Chike Okpara and Reginald Sewell will begin their summer rotation program with Enron. As you know, both of these gentlemen have just completed their first year of law school at the University of Texas School of Law. Our summer program is for twelve-thirteen weeks beginning on May 21, 2001 and ending on August 17, 2001. Since school begins on August 20, 2001, I anticipate that each student may wish to end his rotation during the week of August 13, 2001, thus leaving time for a brief vacation to be taken before school starts. Mr. Okpara's rotations are: May 21, 2001 through June 15, 2001 Corp. Legal/ETS Legal Dept. June 18, 2001 through July 13, 2001 Enron Global Finance Legal Dept. July 16, 2001 through August 17, 2001 Enron Wholesale Services Legal Dept. Mr. Sewell's rotations are: May 21, 2001 through June 15, 2001 Enron Global Finance Legal Dept. June 18, 2001 through July 13, 2001 Enron Broadband Services Legal Dept. July 16, 2001 through August 17, 2001 Enron Energy Services Legal Dept. Mr. Okpara and Mr. Sewell will attend New Hire Orientation on Monday, May 21, 2001. I will be at New Hire Orientation to meet and greet them. I will also present the Enron Code of Ethics. New Hire Orientation ends at noon. Following New Hire Orientation, I will take Mr. Okpara and Mr. Sewell to lunch. I anticipate introducing them to their first respective rotations at 2:00 pm on Monday, May 21, 2001. I have sent their resumes to you under separate cover.
Summer Associates from UT School of Law
Jim I've been reading a lot about your company recently in the press. Hang in there sport and good luck. Just remember you're smarter and better then the rest of them. Les
Hello from Up State New York
The organizational documents of Garden State Paper and Compagnie Papiers Stadacona require quarterly reports of financial performance and legal issues to be provided to the Boards of Directors. The Q3 2001 reports are attached. Let me know if you have any questions. Brad A. Kirchhofer
Garden State Paper and Compagnie Papiers Stadacona Board Reports
Mr. Derrick, I met with Robert Taylor this week at your residence and had a very productive meeting. One question that came up was the use of security cameras. Areas that we discussed using cameras were: Gate at Larchmont Driveway gate Please let me know if that is something that you are interested in or would like to discuss. thanks Alan
Residential security
Jim-I just wanted you to know that you are in my mind during these difficult times. I know how disappointing this all must be to you, but know that you have a lot of friends supporting you. Regards
Thoughts
Jim, these are the individuals at Hughes Hubbard I mentioned yesterday. Kevin will be in Houston while he's wrapping up his time at American General. I'd be pleased to introduce you to him. It was great to see you yesterday. My thoughts are with you.....
Hughes Hubbard
Enron Fuels International, Inc., company #494-EFII, has withdrawn its authorization in the following state(s) on the date(s) given: Colorado September 4, 2001 Florida September 4, 2001 Illinois September 5, 2001 Indiana September 4, 2001 Iowa August 31, 2001 Kansas November 5, 2001 Nebraska September 5, 2001 Please circulate this information to all interested parties within your group. PLEASE NOTE: Nony Flores - copy of evidence being sent by interoffice mail Vicsandra Trujillo - copy of evidence being sent by interoffice mail Sylvia Hu - original certificate(s) delivered by messenger Lillian R. Bailey Administrator Corp. Services EB4863 Ext. 33577 Telephone 713/853-3577 Fax 713/646-8007 lillian.bailey@enron.com
Enron Fuels International, Inc.
Dear Steve: As per your voicemail message, I have asked the HRGIS team to provide the necessary information so we can send an email message, regarding certification, to those employees at the Vice President level and above, and those employees who have not certified compliance to date. Please see the draft message prepared for your review and comments: "As you know, Enron has adopted certain policies, with the approval of the Enron Board of Directors, all of which are set forth in Enron's Code of Ethics. In order to ensure our continuing compliance, please carefully read the policies and re-submit your statement of personal agreement by ___________________________(date).
Draft language for Certification of Compliance via email
By telefax of November 21, Uriel Dutton of F&J provided a proposed waiver letter agreement for our review. I will have copies of that proposed agreement circulated by hand-delivery and fax to all those on this list and to Mariner's GC. At present, I am not sending this e-mail to Mariner's GC. If there is someone else I need to send this e-mail to, please let me know. Chuck and I have reviewed the letter, believe it to be overly broad, and hope that F&J is willing to negotiate further, along the following lines: 1. On page 1, third full paragraph, second line, we suggest inserting "Enron Corp. and " between "representation of" and "Enron's affiliates".
In re F&J Representation
Hello Jim, I just want to keep you up on the situation with our office spaces in Jones Hall. The Civic Center will be going to City Council this week to ask for monies to rebuild the SPA and Symphony offices, and the rehearsal hall, music library, instrument storage, etc. If approved, I'm told the City will allow us to have the offices rebuilt by the contractor of our choice. We will want the contractor who originally built our offices 6 or 7 years ago. However, the rebuild will take between 10 and 12 weeks. That means we will not return to offices until, say, end of February, assuming some work will be accomplished in December. We told Enron that we should return to Jones Hall by the end of this year; obviously that won't happen. Of course, we would want to remain in our present offices on the 37th floor of Three Allen Center until the end of February. But, is this possible? Do you have any idea what might happen to your space here, and whether we can remain? Shall we remain quiet, hoping nobody notices us? Let me know, please, if there is anything I can do to remain in these offices. Thanks
Office Space
Dear All, You are invited to the ENS Supervisory Board Meeting on December 5, 2001, at Enron office in Warsaw at 1.30 p.m. (local time). Please be advised that Mr. Adam Overfield will attend the meeting via video conference. The ENS Budget for 2002 - revision 1 will be discussed and finally approved at the meeting. kind regards
Supervisory Board Meeting on 5/12/2001
Pls. see the attached resolution electing Mr. Troubh to the Board and waiving the requirement he tender his retirement at 71 (he is 75). CONFIDENTIALITY NOTICE The information contained in this email may be confidential and/or privileged. This email is intended to be reviewed by the individual or organization named above. If you are not the indented recipient, you are hereby notified that any review, dissemination or copying of this email or its attachments, if any, or the information contained herein is prohibited. If you receive this email in error, please immediately notify the sender by return email and delete this email from your system. Thank you.
Resolution for today
Hi Jim, In response to your voice mail message, please know that you remain our first choice to chair the new Institute. As long as you are still eager and able to lead it, we want you. Please let me know if the e-memo below needs to be revised in any way. Upon your approval, I'll shoot it right out. Thanks.
Institute for Law and Technology
Jim/Sheila: At Paula Rieker's request, I have prepared the attached document, which discusses the need to retain three supervisors in the Corporate Services group of the Corporate Secretary's department. I believe it to be self explanatory, but should you have additional questions, please let me know. HARDIE CONFIDENTIALITY NOTICE The information contained in this email may be confidential and/or privileged. This email is intended to be reviewed by the individual or organization named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, or copying of this email or its attachments, if any, or the information contained herein is prohibited. If you have received this email in error, please immediately notify the sender by return email and delete this email from your system. Thank you.
Employee Retention Justification
Although this entity was sold earlier this year, an announcement e-mail was not issued at that time due to lack of complete documentation. On March 30, 2001, Fountain Valley Power, L.L.C. (87V-FVPL) sold; 100 percent of the ownership interest was assigned to Black Hills Fountain Valley, L.L.C. Please share with interested individuals within your groups. Corporate Records - - Evidence to be hand delivered.
Sale of Fountain Valley Power, L.L.C.
Bob and I just spoke with Steve Susman. I tried to mention the points you asked. Here are his comments: 1. F&J probably could not simply send us our files back and put itself in a position to be adverse to us with Arthur Anderson. Susman believes that there is a "hot potato" rule that prevents F&J from doing so. 2. That being said, Susman doesn't care if F&J represents Arthur Anderson or anyone else potentially adverse to us in the actions he is handling. 3. Susman would not, however, agree to a broad advance ethical waiver, as proposed by F&J. He does not believe such waivers are effective. Susman would agree to a waiver once we were advised who F&J wanted to represent. I don't know whether F&J would agree to this or not. 4. Susman recognizes that we cannot force F&J to take on the new Mariner matter, and that this is ultimately a risk/benefit decision for us to make, and that we may have to agree to terms that we otherwise wouldn't agree to. Parenthetically, I have received no comments on F&J's proposed waiver letter. Under the circumstances, from his standpoint, Bob is inclined for us to get the best deal on the waiver letter that we can with F&J, but that if F&J won't budge, that we take something along the lines of what they have given us (Bob, let me know if I have mischaracterized your thoughts). From my standpoint, I unfortunately think there are some parts of the letter that we must have changed. This would be to the extent that the letter purports to have Enron Corp. agree to bind all the Enron entities, and to the extent that it involves Enron's agreement to what will happen after the Dynegy merger (as I set out in my earlier e-mail). My recommendation would be, as set forth in my earlier e-mail, that only the Enron entities currently being represented by F&J sign it and be bound by it, and to remove the language regarding what Enron would agree to after the Dynegy merger. I also find the advance ethical waiver language repugnant, but could agree to it if the other modifications mentioned could be made. I do not know whether F&J would be willing to make these changes or not. Our biggest problem right now is time-management. I know that Mariner wanted to make a decision by today as to who to use. I am willing to confer with Dutton ASAP to see what F&J would agree to, and if he can agree in principle, to send him a proposed draft agreement. I believe he is out of the office but is checking his voice-mail. Please let me know what you want me to do. Britt
In re F&J Representation
James, Per Steve Wyatt's suggestion, I have taken the liberty of registering Enron Corporation on the eLawForum web site. In the course of completing the registration, I accepted the eLawForum User Agreement on behalf of Enron. Please let me know if you have any questions about the User Agreement. We would be happy to address any concerns. I have created the 2 roles for you that are required to use our site. The first role is as "Client Administrator." This role allows you to manage the site, primarily by adding and deleting users and assigning them appropriate roles. Your login name and password for your roles as Client Administrator are: Login - "jderrick" and Password - "enron". Please note that both your login and passwords are case sensitive. I have also created for you the second role of "RFP Administrator." In this role, you can create a new RFP and/or manage existing RFPs. You are required to have a second Login name and Password for this second role. I have assigned you the Login in of "jamesderrick" and Password of "enroncorp" in your role as RFP Administrator. Once again, the login name and password are case sensitive. To logon and begin using the web site, go to www.elawforum.com. Click on "logon" and sign on in your role as RFP Administrator. Let me know if you would like a quick walk through the site. In addition, please contact me when you are ready to post your first RFP. Our service includes providing Enron hands on assistance every step of the way. Sincerely,
Registration of Enron Corp. on the eLawForum Web Site
Gentlemen - Following the Dabhol dictate that "bad news is good news," Dabhol is getting some good news this week. As reported in the press, DPC did receive a two-page letter from MSEB purporting to rescind the PPA with immediate effect because DPC materially misrepresented the capabilities of the power plant (i.e., 6 hour actual ramp-up time vs. 3 hour ramp-up schedule in the PPA). However, the letter goes on to state that MSEB is "agreeable to continue the present arrangement of power and payment until disputes are resolved by the appropriate forum." We are not entirely sure what this last part means and are asking MSEB for clarification. Obviously, this letter is quite a buttress to our already-delivered PTN contending that MSEB has evidenced an intention not to be bound by the PPA. While MSEB's letter seems to state that they will still honor some aspects of the PPA, the letter adds that "payments would be subject to adjustments on the basis of determination of reasonable compensation and quantum meruit by a competent authority." We hear rumors that MSEB will approach the Maharasthra Energy Regulatory Commission (MERC) for a "how much should we pay DPC" determination. If they do so and MERC accepts jurisdiction, this would help our expropriation, political force majeure and default arguments. DPC seems to have managed to avoid a construction contractor termination in May by agreeing to extend the required completion date for Block B by 9 days. While this action does not have long-term benefits to the project, I believe that it was a considerable sign of good faith that DPC is trying to give the lenders some time to assess whether they want to begin curing project agreement defaults on an ongoing basis. Bruce
Dabhol -- A Brief Legal Update
I want to take a moment to thank each of you for having a summer Analyst or Associate work on your team. I also want to remind everyone what a high stakes activity this is for Enron. Based on your recommendation, we will make offers at the end of the summer to those interns who perform, and who you endorse as a potential future member of your team. Those interns who have had a good experience and accept our offer will be the lowest risk hires we make - from any source. We will have effectively interviewed and watched them work for 2-3 months. They also have the potential to be the most effective advocates and talent scouts we have, when they return to campus. On the flip side, those who don't have meaningful assignments, or have bad experiences during the summer can severely hurt our efforts. Thank you again for being part of this very important activity. If you have any questions, or if areas of concern arise during the summer, please contact Ted Bland (x35275), Traci Warner (x33242) or me (x36671).
Analyst & Associate Program - Summer Interns
Jim, Well, you finally gave a speech that topped the one you gave at Linda's and my rehearsal dinner. You did an outstanding job (as did Carrin), and it was obvious you were speaking from the heart. I know you would prefer not to have all of this attention, but it comes with the territory. It sure made me proud to see you up there, and congratulations on the accomplishment. Scotty
ADL Luncheon
BUSINESS HIGHLIGHTS Enron arranges first gas pipeline import into Italy Enron has continued its pioneering activities in the Continental gas market by arranging the first gas import into Italy. The Italian team worked with the Continental Gas desk to arrange this strategically important agreement with Blugas SpA., the wholesale gas company formed by the municipalities of Cremona, Lodi, Mantova and Pavia in north-eastern Italy. Enron has sourced 100,000 cubic metres per day of natural gas from northern Europe to transport to Italy, transiting it through Germany and Switzerland, despite fierce resistance from Ruhrgas and TransitGas respectively. Aside from isolated LNG imports by incumbent monopolies this is the first time that any company has managed to import natural gas by pipeline into Italy since the Italian gas sector was officially liberalised in August 2000. The gas, which started flowing at 06.00 on Thursday 17th May 2001, will be used to meet the needs of two thirds of Blugas' residential customers within the four municipalities. The current contract lasts for five months. Congratulations to Fabio Greco, Carsten Haack, Didier Magne, Michael Schuh, Marco Lantieri and Daniela Uguccioni. Enron in the Middle East Enron has relinquished its stake in Dolphin Energy, the joint venture company formed to develop gas reserves in Qatar. [Maclean, Iona] Enron has agreed to transfer its 24.5 per cent stake in the project to the United Arab Emirates Offset Group (UOG), the majority shareholder. The agreement allows Enron to deploy capital elsewhere and gives UOG the opportunity to seek new partners before the project moves into its next phase. Development of the Emden/Oude gas hub moves ahead fast An important milestone in the evolution of the new gas trading hub on the Dutch-German border was reached last week. Last Friday some of the major European gas players held a meeting to officially establish the Emden/Oude gas hub. Although Enron had already initiated the development of the Emden/Oude hub by making a market through EnronOnline as early as December 2000, the goal of this meeting was to set up a working group similiar to the Zeebrugge focus group who can work on setting a legal framework for the Emden/Oude hub. More than 40 companies participated in the meeting, representing producers, end users, Dutch and German transportation companies, marketing, and trading companies. More than 12 companies, including Ruhrgas and Gaz de France, were interested in joining the working group, but in the end the decision was taken to restrict the number of companies making up the working group to eight so as to ensure effecient and effective decision-making. The following companies were elected to become members of the working group: Centrica, Gasunie, Wingas, BEB, Statoil, Distrigaz, Duke Energy and Enron. Enron was elected as the only new market entrant in this group, reflecting the high level of respect industry peers have for Enron as a major player in the Continental gas market -- even from incumbents!
Newsletter: Global Flash!!
Dear TI-USA Corporate Supporters: We hope you enjoyed reading the May issue of the TI-USA Newsletter which was mailed to you recently. Please send us the names and addresses of any of your colleagues who would like to be added to our circulation list. Attached is an additional copy of the May edition. Best regards,
TI-USA Newsletter
Since we skipped the General Counsel luncheon last month because of the Law Conference in San Antonio, it's Rex's turn to host the luncheon. It will be at La Mora Restaurant which is located at 712 Lovett (near the intersection of Westheimer and Montrose). Please RSVP to Sharon Morgan at x37273.
General Counsel luncheon
We appear to have some confusion regarding the June General Counsel Luncheon. Since I have a conflict and cannot attend anyway, Rex and I decided to keep his planned lunch at La Mora. Have a great lunch at La Mora on Tuesday. Regards,,,,, Julia Thank you,
General Counsel Luncheon
Effective May 22, 2001, Enron Netherlands Generation B.V., a Netherlands corporation, changed its name to Energy Development Company B.V. Evidence is filed in the Houston 48th floor corporate vault. Please share this information with other interested parties. NOTE: Sylvia Hu - evidence to follow by hand.
Name change
I thought you might like a copy of Sir Mark Moody-Stuart's presentation which was delivered last night. Have a good summer! Mont Hoyt "MMS <shb.com>" made the following annotations on 06/01/2001 04:32:29 PM From the law offices of Shook,Hardy, Bacon LLP. CONFIDENTIALITY NOTICE: This e-mail message including attachments, if any, is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. If you are the intended recipient but do not wish to receive communications through this medium, please so advise the sender immediately. Content-Transfer-Encoding: 7bit
Sir Mark Moody-Stuart
Grimes Development, LLC This limited liability company was formed in Delaware on May 2, 2001. Particulars are: Parent Company: Enron North America Corp. - 100% Business: To acquire land for and/or develop a coal fired generation facility. Directors and Officers: See Attachment Employees: No Foreign Qualifications: None Company No. : 1605-GRDL Please circulate this information to all interested parties in your group. For more information, see attached Corporate Data Sheet. Merchant Energy Ventures II, LLC This limited liability company was formed in Delaware on May 2, 2001. Particulars are: Parent Company: Enron North America Corp. - 100% Business: To facilitate the transfer of electric power generation. Directors and Officers: See Attachment Employees: No Foreign Qualifications: None Company No. : 1606-MEV2 Please circulate this information to all interested parties in your group. For more information, see attached Corporate Data Sheet. Montague Development, LLC This limited liability company was formed in Delaware on May 2, 2001. Particulars are: Parent Company: Enron North America Corp. - 100% Business: To acquire land for and/or develop a coal fired generation facility. Directors and Officers: See Attachment Employees: No Foreign Qualifications: None Company No. : 1606-MTGD Please circulate this information to all interested parties in your group. For more information, see attached Corporate Data Sheet. PLEASE NOTE: Kathleen Carnahan - copy of evidence being sent by interoffice mail Monica Butler - please apply for FEIN Sylvia Hu - Minute Book and two seals have been ordered Lillian R. Bailey Administrator Corporate Services EB4804A Phone 713/853-3577 Fax 713/646-8007 lillian.bailey@enron.com
EWS-ENA Group - New Formations (3)
EBF LLC This limited liability company was formed in Delaware on May 22, 2001. Particulars are: Parent Company: Enron North America Corp. - 100% Business: To acquire, own, operate, maintain and sell a cold rolled mill steel processing plant and all related land improvement and tangible and intangible properties. Employees: No Foreign Qualifications: Arkansas Company No. : 1621-EBFL Information not yet confirmed by LLC Agreement. Please circulate this information to all interested parties in your group. For more information, see attached Corporate Data Sheet. Sundance Industrial Partners, L.P. This limited partnership was formed in Delaware on May 7, 2001. Particulars are: Parent Company: GP - Enron Industrial Markets GP Corp. LP - Enron North America Corp. Business: To acquire and hold certain pulp and paper, steel and/or other assets.. Employees: No Foreign Qualifications: None Company No. : 1611-SIPL Information not yet confirmed by LP Agreement. Please circulate this information to all interested parties in your group. For more information, see attached Corporate Data Sheet. PLEASE NOTE: Gina Karathanos - copy of evidence being sent by interoffice mail Monica Butler - please apply for FEIN Sylvia Hu - Minute Book and two seals have been ordered Lillian R. Bailey Administrator Corporate Services EB4804A Phone 713/853-3577 Fax 713/646-8007 lillian.bailey@enron.com
EWS-ENA Group - New Formations (2)
Enron Direkt GmbH was incorporated in Germany on October 27, 2000, and filed with the Commercial Register on February 23, 2001. Particulars are: Parent Company: Enron Energy Services Europe B.V. - 100% Business: To allow for the sale of power and electricity to industrial and domestic consumers in Germany. Capitalization: EUR 25,000 Directors and officers: Attached Employees: Yes Company No. : 1594 EDRG NOTE: Sylvia Hu - evidence to follow by hand. Sharon Butcher - this company has employees.
New incorporation
Gentlemen: It is my understanding that Ann Ballard will be leaving Enron soon. As a result of her departure, it is also my understanding that a new position may be created to handle federal compliance that would encompass matters related to the Federal Energy Regulatory Commission and the Federal Power Act. If so, I would like to be considered for the position. I have attached a copy of my resume below. I hold a Doctor of Jurisprudence from the University of Houston. While in law school I received an honors grade in Legal Research and Writing. Additionally, I possess an excellent command of the English language. I have approximately ten years of legal experience in the judicial, firm, and corporate environments. My experience includes preparation of documents for all phases of litigation from pre-trial through the appellate level, administration and drafting of natural gas contracts, administration of all contracts related to the acquisition of water and wastewater facilities on a worldwide basis, and monitoring asset compliance requirements. Currently, I act as a point of reference to various disciplines such as legal, tax, accounting, asset management, and restructuring. I also utilize the Secretariat database in my day-to-day activities. I possess extensive oral and written communication skills as a result of working in various legal environments. I am comfortable working with employees across all levels of Enron. During my tenure at Enron I have worked on the Federal Energy Regulatory Commission Annual Report of Interlocking Positions filing. This report is mandatory under Section 305(c)(1) of the Federal Power Act. Further, while at Texaco, I prepared the Canadian National Energy Board's monthly report for the export of natural gas from Canada and the U.S. Department of Energy's quarterly sales and price report for the import of natural gas from Canada. Please keep my inquiry regarding this position in confidence. I look forward to hearing from you. Sincerely,
Potential Corporate Legal Position
Part One The New Power Company BOD 9/5/2001 - the directors requested an offsite strategy meeting after the BOD meeting on 9/5/2001. Will you be available between the hours of 1 - 4:00 p.m. EST? Part Two Joanne Gregory - Winston & Strawn She said the date of June 27th is good for herself and all these people. She said there are more people she wants to bring. To date, she wants to bring: Herself Bruce Toth - Corp. Jerry Farano - Broadband Steve Molo - Litigator Chris Mcisaac - Energy Project/Facility Deals Chris Chase Charlie Papavizas - Maritime Tim Oxley - Finance Andy NcDonough - Finance Who do you want to invite from here? If you want a conference room meeting, I need to get a room she can use Power Point, which means either the Dining Room or the Board Room - which do you want? Any help you can give me with regard to these two "Parts" would be gratefully appreciated. S
In need your advice