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Keep spending time getting advice from Barbara.
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Mark
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Congrats!
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Things seem to be building rapidly now on the Continent.
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Mark
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Alan, my quick impression is that the checklist format is identifying a number of matters for discussion in a way that will be efficient.
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What is your impression?
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Mark
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Congrats!
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Mark
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Thanks for the update.
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Mark
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Robert, have you been able to get Alan's comments?
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Mark
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Thanks for the memo.
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Regards, Mark
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Thanks for the info!
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Mark
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Having dealt wih Manfred on a number of matters I have to say I am not surprised.
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Scott, please get personally involved in selecting a Punder lawyer that will take his place in meetings with customers and regulators.
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I don't want to lose control of legal to John T in Germany.
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Let's hire a lawyer on the ground if we need to.
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Let me know.
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Thanks.
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Mark
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No, but I am ok with it.
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She is doing a great job.
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Mark
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John, thanks for the feedback on Mark and Scott.
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Regards, Mark
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1.
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Legal Risk Report -- developed the concept of the legal risk report for ECT.
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I began reporting and managing the ECT legal risks on that basis.
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This resulted in a better understanding of legal risks such as the power contract risks.
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There will be many collateral benefits for the company as a result of this new technology for legal risks such as better decision making on transactions and faster focus on solving problems.
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2.
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Developed and implemented new Chinese Wall Policy -- in the face of almost daily breaches of the then existing policy, a new policy was developed that is fashioned to fit the unique business of ECT.
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The traders and originators helped design the policy and have "bought in".
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Training was completed in June.
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This new policy should reduce our SEC risk, while at the same time, allow us to take advantage of certain information.
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3.
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Lead power industry to develop a standardized form -- pushed ISDA and EEI to work with the major IOU's to jointly develop a standard master trading form for power.
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The form is now 80% complete and is modeled after the ECT form.
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The result will be a significant saving of legal time and effort and more transactions will be completed in the industry with less risk of an unintended default.
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4.
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Cutting edge legal work -- identified and solved many cutting edge legal questions in connection with the start-up of many ECT businesses.
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These businesses include (i) the acquisition of competitive information, (ii) weather, coal, emissions, band- width and electronic trading, and (iii) acquisition of businesses through contract such as contemplated in the UI and the Peoples deals.
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5.
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Carolina Power & Light -- after filing suit against CP&L, acheiving a settlement at 90% of the value, despite difficult legal issues.
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6.
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Deals are Us -- lots and lots of deals done.
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Legal built a closer relationship with several difficult groups with improved results for the company.
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Charles, the article looks very good to me.
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I could not open the exhibits.
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Mark
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Jim: Per our conversations, I propose the following additions to your draft memo: Global Trading -- All lawyers providing legal services for trading activities (anywhere in the world) will continue to be consolidated into one group reporting to Mark Haedicke.
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Legal Risk Books -- Mark will undertake an Enron-wide long term project to categorize legal risks into standardized risk "books".
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To that end, Mark will form a team to work closely with each General Counsel or her/his designee regarding the significant legal risks in each subsidiary company.
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The goal will be to help us better understand our legal risks on a consolidated basis and to provide additional tools to manage our legal risks day to day.
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It is anticipated that a consolidated monthly legal risk report will be prepared for Enron.
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Yes.
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Also, outside legal usually increases over the last 4 months of the year.
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Mark
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Justin, thanks!
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Mark
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That is great that John has an interest!
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Mark
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Thanks for the memo.
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I think the transaction makes a lot of sense.
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Mark
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Jaime: Thanks for the information!
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Mark
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Elizabeth, I would like to present at this conference, subject to knowing more about it.
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Let's talk about about what we would want to talk about.
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I am wondering how interesting the topic will be.
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Mark
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Let me know how it goes.
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Mark
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Thanks for the message.
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I will be over in a few weeks.
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I look foward to catching up on things.
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Mark
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Congrats!
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It is a good ground breaking deal.
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Mark
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Stephen: I would be happy to talk about that.
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Give me a call at 713-853-6544.
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Mark
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Thanks for the heads up.
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Keep me posted.
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Mark
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Mary: Never heard of Barrett.
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I think it is a good trend that energy companies are seeing it in their interest to join ISDA!
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Mark
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Yes, I am planning on attending.
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I need directions.
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Thanks.
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Mark
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Rob, pass on if appropriate.
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Mark
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