text
stringlengths
1
4.46k
employee_id
stringclasses
45 values
We need to keep in mind the 30 day deadline to provide notice.
dev42
We don't want to give them any room to wiggle.
dev42
We can always send another notice later.
dev42
Kay Enron North America Corp.
dev42
Since I've had to miss the first 2 meetings due to travel, is it possible for me to drop off my check and pick up any materials?
dev42
Thanks, Kay
dev42
No. I'll have Neil check (he does all that stuff).
dev42
3850, through the wooden doors.
dev42
Enron North America Corp.
dev42
I hope I'm in town!
dev42
FPL, Entergy Merge in $7 Billion Deal NEW YORK (Reuters) - FPL Group Inc., the parent of Florida Power & Light Co., said on Monday it would merge with Entergy Corp. in a stock deal worth $7 billion to create the largest U.S. power generating company.
dev42
The combined company would have a total enterprise value of more than $27 billion, consisting of $16.4 billion in equity market capitalization and $10.7 billion in debt and preferred stock, the companies said.
dev42
The merger is expected to immediately boost earnings for both companies.
dev42
Under the terms of the agreement, FPL shareholders would receive one share of a new holding company for each FPL share held.
dev42
Entergy shareholders would get 0.585 of a share of the new holding company for each Entergy share.
dev42
Based on the companies' closing stock prices, the deal would value Entergy at its market value of $7 billion, or about $30.89 per share.
dev42
FPL shares closed Friday at 52-13/16, off a year high of 56-5/8 but up from a low of 36-3/8.
dev42
Entergy stock ended at 30-5/16, off a high of 31-3/16 but up from a low of SHAREHOLDERS' APPROVAL REQUIRED The combination must be cleared by shareholders as well as federal regulators.
dev42
FPL and Entergy said they hope to complete the transaction within 15 months.
dev42
``The merger combines two strategically aligned, financially healthy companies into an organization that has no equal in the industry,'' said J. Wayne Leonard, Entergy chief executive.
dev42
Leonard will serve as president and chief executive of the combined company while FPL's chief executive, James Broadhead, will serve as chairman.
dev42
The deal was billed as a merger of equals but gives FPL shareholders 57 percent of the combined company and eight of 15 seats on the board of directors, the companies said.
dev42
Once combined, the new company is expected to see annual cost savings of $110 million to $150 million in its regulated businesses derived from eliminating duplicate corporate and administrative positions and programs.
dev42
Competitive businesses should see annual cost savings and revenue enhancements of $40 million to $125 million and capital expenditure savings of $50 million to $100 million, the companies said.
dev42
FPL and Entergy said they will seek to ``minimize workforce effects of the merger'' through a variety of unidentified efforts.
dev42
In addition, both FPL and Entergy have authorized stock buyback plans, together worth $1 billion.
dev42
FPL plans to repurchase $570 million shares while Entergy is looking to buy back $430 million in stock, the companies said.
dev42
Kathy, I will be out of town on Thursday and Friday, and will therefore be unable to attend.
dev42
Thank you, Kay
dev42
Suzanne, Please schedule this week's conference call for 930am on Wednesday, and include the usual suspects: Sheila, Scott, Rose, Mike Barnas and Kent Shoemaker.
dev42
Thanks, Kay
dev42
Hi.
dev42
I'm kinda tired this morning.
dev42
I guess I just need a bit more sleep.
dev42
Michael tried to push the envelope this am.
dev42
He wanted to eat some more after he had brushed his teeth (I told him breakfast was over, so no more food) and wanted to go back in to get a toy to take (nope).
dev42
He handled the frustration Do we have anything planned this weekend?
dev42
Ta ta for now,
dev42
Attached is the form interconnection agreement provided by Virgina Power, for your information, review, etc. It is a new form which is currently under review by VEPCO.
dev42
Kay
dev42
I'm trying to locate a copy of the contract to purchase the 501D5A turbine to see if we need to be aware of any issues in the contract.
dev42
Do you have a copy?
dev42
If not, I can probably get a copy from EECC.
dev42
Thanks, Kay
dev42
Both of those sound pretty good.
dev42
Paige is so excited.
dev42
She got a $1000 pay check.
dev42
I have some folks who want to option some land in New York.
dev42
Do we have a company for New York yet?
dev42
If not, I seem to recall that we were going to start using one of the existing companies for land options instead of creating a new one every time.
dev42
Am I remembering that correctly?
dev42
Basically I'm looking for the company name to use in an option.
dev42
Any suggestions?
dev42
Thanks, Kay
dev42
IT IS RAINING!!!
dev42
I hope it is raining at the house.
dev42
It looks like it probably is raining all over town.
dev42
Hope you get some there.
dev42
Neil's address is nmann@erac.com.
dev42
Paige's address is recordp@southwestern.edu.
dev42
She can get her email from Houston (don't ask me how).
dev42
We had a great time this weekend, too.
dev42
I'm glad it worked out so well.
dev42
I thought it was very relaxing.
dev42
I would love to have the recipe for the beef.
dev42
I will probably go to North Carolina Wednesday, returning Thursday or Friday.
dev42
Take care!
dev42
Love, Kay
dev42
Sheila stopped by to let me know that it is ok for me to give you a hand on the lease term sheet.
dev42
I've stopped by a couple of times today, but I've missed you.
dev42
Please let me know if you still want my help, and if so, if you have any additional information, etc. Thanks, Kay
dev42
Yes and yes.
dev42
Enron North America Corp.
dev42
Here it is.
dev42
I guess she didn't make my reservations.
dev42
You might want to double check.
dev42
Obviously, I do not need a car.
dev42
I would like to get these reservations asap for the upgrade.
dev42
Thanks, Kay
dev42
Ed, To clarify, the Edgecombe we were discussing is in North Carolina.
dev42
The New York deal is a separate deal.
dev42
Thanks, Kay
dev42
I've made a list of issues Heather and I have discussed based on VEPCO's suggested revisions.
dev42
Some of the issues are commercial, some legal, somejust reminders.
dev42
Comments are appreciated.
dev42
1.
dev42
Term.
dev42
What will we accept?
dev42
2.
dev42
Availability: single computation despite source of power (market or facility).
dev42
Is forced outage the correct concept since we want to have somediscretion, and LD structure should apply even if power coming from the market?
dev42
Note VEPCO,s insertion of a new event of default under 7.1 forfailure to deliver energy when the Facility is not in a forced outage.
dev42
Liquidated damages language still ok?
dev42
LD,s should apply regardless ofscheduled source of power ) no cost of cover for market power.
dev42
3.
dev42
Our position is that Contract Capacity set at contract signing, then adjusted (if necessary) based on performance tests, not subject to adjustmeafter that time: ditto for the demand charge.
dev42
What is the right number forthe Capacity?
dev42
Is there a benefit to Enron to have a correction curve exhibit?
dev42
4.
dev42
Failure to complete facility suggested as a termination event.
dev42