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Where is it? | dev42 |
I think that carpool could be pretty hectic, and since you and I haven't picked him up we don't know the drill. | dev42 |
Picking him up an hour later might be a lot easier, and it doesn't bother him. | dev42 |
Are you going to any of tomorrow's activities? | dev42 |
Kay | dev42 |
NRG Thermal and Millenium Energy are the parties. | dev42 |
More specific names to come. | dev42 |
Next week is Twas the Night Before Christmas. | dev42 |
FYI: The champagne is flowing in New York, as TurboPark closed moments after GE agreed to revise their consent to meet WestLB's last request. | dev42 |
Kay | dev42 |
Per Rose's instructions. | dev42 |
Kay | dev42 |
Here's the latest... | dev42 |
Please print. | dev42 |
No. Why is Rebecca Walker telling Cheryl how to do this? | dev42 |
Due to Rose being out of town, I thought I would respond to a question concerning giving notice to WestLB, and the preparation of the assignment and assumption agreement. | dev42 |
The giving of written notice to WestLB may result in the equipment being subject to the notice coming on the balance sheet. | dev42 |
If there is a subsequent problem in closing, the equipment is tainted. | dev42 |
I believe Enron has coordinated this with WestLB, so that the notice period can be shortened until there is a certainty of closing. | dev42 |
A&K has prepared the assignment and assumption agreements in the past, and I will go out on a limb and suggest that they conform their form for this transaction. | dev42 |
We will have a couple of changes in the GE consent and assignment agreement, based on changes requested by WestLB in connection with the TurboPark transaction. | dev42 |
I'll make the changes. | dev42 |
Hope this information is helpful. | dev42 |
Kay | dev42 |
My only warning is that working for Sheila is that she takes over most of the big stuff, even if it is your deal. | dev42 |
Everything that she is working on now was one of her lawyers' deals, but "things just weren't getting done". | dev42 |
She can be very unclear in what she expects from you. | dev42 |
She is the ultimate micro-manager. | dev42 |
She may hire the outside counsel on "your" deal, then tell you about it later, not consulting you to find out who you want to use. | dev42 |
This style may not bother you, as you may in fact get comfort from working closely with someone. | dev42 |
Clearly, she has a lot of experience to impart, and she is very, very nice. | dev42 |
I'm sure there will be a downside to working with Jeff and Barbara, I just haven't been in the group long enough to have an opinion. | dev42 |
Kay PS. | dev42 |
I thought this time I would give you full disclosure... | dev42 |
Peter, the distribution list on this is different from the ESA deal (each contract has a different list - isn't that special?) I will forward it to the correct people. | dev42 |
Lee Johnson and Kent Shoemaker get copies on all of them from GE's side. | dev42 |
Thanks, Kay | dev42 |
Hi Carolyn, In order to discourage Ben from continuing to direct outside counsel, please address as much correspondence as possible to me, or to me and him. | dev42 |
Ben is terrible (and shameless) about violating Enron policy in this regard, and I don't know that I can stop him, but I do need your assistance in curbing him as much as possible. | dev42 |
Thanks, Kay | dev42 |
Michael has some stuff at school today that I would like to attend. | dev42 |
I hope to leave here around 130. | dev42 |
Kay | dev42 |
How about a conference call at 1100 (Central) time? | dev42 |
Kay | dev42 |
Scott, I'm handling outside counsel, and spoke with him this week. | dev42 |
I'm prepared to give legal advice on the issue. | dev42 |
You'll be delighted to know that the call has moved to 1000 your time, noon central. | dev42 |
Kay | dev42 |
Things are getting better since TurboPark closed.... | dev42 |
In the TurboPark world there will be certain impacts on how power projects involving physical capacity are structured and implemented. | dev42 |
I know some (but not all) of it. | dev42 |
I can say that it is fairly easy to bust the structure and wind up with assets on the balance sheet, and that the commercial folks aren't always (or even usually) sensitive to the issues. | dev42 |
Maybe after the first of the year those group members who will be working on the power origination and development side could get briefed by the finance and accounting folks. | dev42 |
Kay | dev42 |
Paige wrote me at 430 this am, and said that since she was still up at 430, she probably won't be home in time for Michael's parties. | dev42 |
Should I just leave him after gymnastics? | dev42 |
I don't really want to come back the office, but I do want to go to Anne's. | dev42 |
Hmmm. | dev42 |
If Paige is home by 500, everything might work. | dev42 |
Is it foggy or raining? | dev42 |
I can't see anything out my window. | dev42 |
Each project must have its own break out contract - that's the deal struck with GE and with the lenders. | dev42 |
There will be no change orders to the master contract relating to specific projects. | dev42 |
The break out contract must be entered into "as soon as practicable". | dev42 |
This appproach has been taken with Austin, LV Co Gen, and ESA, and all of those contracts are just about finished. | dev42 |
Please call me if you have any questions. | dev42 |
Sheila also has a good understanding of the structure. | dev42 |
Kay | dev42 |
With high hopes that this is the FINAL final version, I'm attaching what I believe to be the execution copy. | dev42 |
Some things have been cleaned up, and Brownsville has been added to paragraph 5. | dev42 |
I'm going to start collecting signatures. | dev42 |
Thanks, Kay | dev42 |
The attached is a letter agreement reflecting the resolution of certain issues with Westinhouse relating to the Gleason and Wheatland projects. | dev42 |
It also reflects that Enron isn't going to go after SWPC for a return of an option payment for the Blue Girl equipment. | dev42 |
SWPC has requested that everybody sign on the dotted line, including NEPCO, EEPC and my dog Jack. | dev42 |
Please review and advise if there is any problem with you obtaining signature for your respective groups. | dev42 |
I'll handle the LJM and ENA signatures. | dev42 |
Please call if you have any questions. | dev42 |
Kay | dev42 |
Not exactly a "yes, we can close on Wednesday". | dev42 |
I'm at home with a sick child today, but should be in the rest of the week. | dev42 |
Lee, If this will be a dual fuel unit, it seems we should at least have a place holder guarantee, even if the details aren't included. | dev42 |
Any problem with that approach? | dev42 |
Kay | dev42 |
I haven't tried yet. | dev42 |
Things are ok. | dev42 |
Michael is mad because I won't let him open a present. | dev42 |
It won't hurt my feelings if you want to contact ABB's lawyer directly. | dev42 |
His name is Dave Onuscheck, and his email is david.onuscheck@us.abb.com. | dev42 |
I'm home with a sick kid, and I don't have his telephone number with me. | dev42 |
Peter Thompson has worked on the form. | dev42 |
Do you have the draft with the memo of issues? | dev42 |
Kay | dev42 |
This may sound like a silly question, but why? | dev42 |
Is this something Ben wants Matt doing? | dev42 |
1-4 are all the CO's I know about. | dev42 |
I'm out today, but we can discuss it tomorrow, and I can explain my point of view. | dev42 |
Kay | dev42 |
Looks ok to me. | dev42 |
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