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Advertising Trading Extended to 3/31/01
Columbian Electricity Cancelled 11/30/00
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Proposed Requirements Existing Requirements
• Loss Notification Requirements:
Daily Loss in any Commodity group or Portfolio:
• Report to Business Unit Office of the Chairman 100% of VaR not specifically stated
• Report to Enron Corp. President 125% of VaR 50% of VaR
• Report to Enron Corp. Chairman 150% of VaR 75% of VaR
• Report to Audit Committee no reporting at commodity group level all are reported quarterly
Cumulative 5-day Loss in any Commodity Group or Portfolio:
• Report to Business Unit Office of the Chairman 125% of VaR not specifically stated
• Report to Enron Corp. President 150% of VaR (no change) 75% of VaR
• Report to Enron Corp. Chairman 175% of VaR (no change) 100% of VaR
• Report to Audit Committee no reporting at commodity group level all are reported quarterly
Enron Corp. Aggregate Daily Loss:
• Report to Enron Corp. President 50% of VaR (no change) 50% of VaR
• Report to Enron Corp. Chairman 75% of VaR (no change) 75% of VaR
• Report to Finance Committee Chairman 115% of VaR (no change) 115% of VaR
Enron Corp. Aggregate Cumulative 5-day Loss:
• Report to Enron Corp. President 75% of VaR (no change) 75% of VaR
• Report to Enron Corp. Chairman 100% of VaR (no change) 100% of VaR
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EC004392215
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E
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Your Personal Best Makes Enron Best
Communicate- Facts Are Friendly
Better, Faster, Simpler
Form 000-469-1 (5/92)
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EXH005-02389
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CONFIDENTIAL TREATMENT REQUESTED BY WILLIAMS & CONNOLLY LLP
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From: Mintz, Jordan [Jordan.Mintz@ENRON.com]
Sent: Tuesday, August 07, 2001 3:30 PM
To: Peng, Gary; Rogers, Rex (Enron)
Cc: Butts, Bob; Astin, Ronald T.
Subject: RE: Enron Corp. 2001 Second Quarter Form 10-Q - Marked (Confidential Communications)
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Gary: Thanks for running this through Mark. I think we have our answer and we will maintain the description reflected in the most recent draft. By the way, where can I find the disclosure relating to the buyout of ChewCo's interest in JEDI I. I thought it was disclosed in teh Q1 10Q, but I did not see it in the Q2 draft.
Thanks.
Jordan
> -----Original Message-----
> From: Peng, Gary
> Sent: Tuesday, August 07, 2001 2:19 PM
> To: Mintz, Jordan; Rogers, Rex
> Cc: Butts, Bob
> Subject: FW: Enron Corp. 2001 Second Quarter Form 10-Q - Marked
> (Confidential Communications)
>
> Jordan,
>
> Paula is out this week. See Mark Koenig's response.
>