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enron_personalization_dev_uncapped

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Kay
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Thanks for the quick turnaround.
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Kay
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Don't be too grateful.
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I think Jake wants you to weigh in no matter what.
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He obviously values your opinion.
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My personal opinion is you put the comments in front of Lee, and if he doesn't like them, the answer to Delta is no, we have no leverage to get your changes.
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Kay
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Is that a general offer to help, or just an offer to help me find the Blue Dog contract?
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tomorrow is probably better than Wednesday
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Kathleen, We need to set up an LLC for the Blue Dog turbines.
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Chris had proposed some names at some point, then Ben had come up with something.
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I now can't remember what it is.
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Anyway, it needs to be on the list for next week.
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Thanks, Kay
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Hi John, Sounds like we are now reunited in the same legal group, EWS.
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True?
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Kay
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I really like that one.
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Well, welcome to EWS.
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I like Mark Frevert, and I've heard good things abouGreg Whalley.
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Also, I like working for Mark Haedicke.
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Kay
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Reagan, I haven't received an email from David Hunt yet.
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I will make the changes you and I discussed last week, and perhaps we will get David's changes sometime today.
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Kay
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Federal jurisdiction and limit of liability verbage.
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That's what comes to mind at this point.
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Could you email me the most current version (I think it was March 3)?
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Thanks, Kay
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I don't have any significant comments, but I picked up a couple of minor typos.
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From a structure standpoint, I think Enron doing the construction (and taking price risk) may be a structuring challenge, but I understand that's a bridge to cross later.
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Kay PS I hope Mark isn't reading this today!
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Great wedding.
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Reagan, I don't suggest it, especially since this is not an "off the shelf" deal.
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There are so many moving parts to this deal it could slow it down in the long run to get someone else involved for a few days.
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It is like getting a new commercial guy involved for 4 days.
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I'll defer to the great and powerful Oz.
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I should be available most of the day, so let's see how things go.
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Kay
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Gee, I was kinda hoping we would have the opportunity to dump stuff on EEOSnot the other way around.
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Please confirm that Beck's comments nos 1 and 6 are acceptable for the loi.
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I would include in this email, but I don't have an electronic version with me.
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Reagan, if you have an electronic version, could you forward it to me?
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Thanks, Kay
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Gentlemen, Due to some internal comments we have made some revisions to the land option agreement.
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The most significant change is that it is clear that the option payment is not refundable, and will not be applied against the purchase price.
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There is also a clarification in paragraph 9 (re assignment) that the assignee remains responsible for any liability arising prior to assignment.
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I believe we are ready to go forward with signature when you are.
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Please advise if this version is acceptable.
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Also, please let me know if you would like for me to have a redline version prepared.
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Kay
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I cannot imagine a shirt larger than the one you received.
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Yikes.
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Sounds like Neil still has a chance for a new shirt.
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We'll have to allow extra time next Monday for a double de-brief.
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Kay
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Reagan, FYI, it would bother me if Marvin called our outside counsel.
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If you want me to call David, just ask.
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I'll be glad to do it, although I don't suggest bugging the other parties' counsel too much.
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It uses up relationship capital, and it causes the counterparty to incur expenses they may not want to incur.
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Another FYI - I don't much like Enron commercial folks calling Enron outside counsel unless we've discussed it in advance.
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It violates Enron policy.
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So once we have outside counsel on board, you still deal directly with me, and I'll manage the outside resources.
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It really works better that way.
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Kay
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Don't mean to lecture, especially via email.
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Just trying to give some constructive suggestions!
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Sheila, If I were starting over again, there are a few things I would change.
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First, the development fee as presented in this draft doesn't work.
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Second, I would put all the put/call details in the llc agreement.
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Third, I would make the put/call available anytime GE agreed to it.
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The development fee has been discussed generally, but not fully vetted with Herman.
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Kay
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Here's a general description of the steps: Letter agreement signed Final form of break out presented to purchaser (not executed by Enron LLC) $ deposited in escrow TurboPark notice given Closing date: TurboPark closing docs signed (bill of sale, assignment & assumption) LLC signs breakout contract Amended LLC, other closing docs executed Money released from escrow to Enron Enron pays off TurboPark This is how it worked on the Intergen deal.
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I was unsure from your email if you see a problem with this process.
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Kay
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Well, there's a little lesson in the value of being polite to EVERYONE.
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Hey Andrea, We are going to FW tomorrow, as my dad is having surgery to unclog one of his carotid arteries.
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I'm kinda nervous about this one.
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Everything else is going well.
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Michael, Paige and Neil are all well and happy.
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Paige has applied to the Astros for a summer job.
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Seems like a long shot, but she really wants to do it.
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Michael has a kid in his class named Colin Waters.
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His dad is the travel secretary for the Astros.
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Unfortunately, I haven't met him yet.
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I can't wait to hear about your reunion.
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I know it will be a blast.
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Have fun!
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Kay
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I sure hope it is this week.
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It will either be this week, or a while.
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How's that for keen analysis?
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It would seem to me that if we end up with breakout contracts signed by E Next, we should use the break out form, plus an override letter.
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What do you think?
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Attached for your reading enjoyment is an indicative org chart.
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As you might guess, there have been some changes since this was published in December.
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Kay
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More org stuff.
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