postbot/aeslc_kw huggingface dataset:
Subject: Board Meeting

Hello Everyone,   Just a friendly reminder that our next Board Meeting is scheduled for next Tuesday, October 16th at 8:00 a.m. in the Glass Room.
Please let me know if you will be attending.
You may call me at 713-940-8037 or email me at Bennettlb@aol.com.
You should be receiving your Board Meeting packet in the mail.
Please remember to bring your packet with you on Tuesday.
I will have a few extra packets made up in case someone should forget theirs.
I look forward to meeting everyone on Tuesday.
Lori Bennett
Subject: Master Netting Agreement:  Update, Issues, Questions

We are nearing the "final" form of the document for further use.
I have asked Bradford to speak with you regarding use of it for major trading counterparties that may not be investment grade, but with whom Credit sees the ability to greatly enhance our liquidity via netting of margin requirements (not the small accounts).
Two issues.
1.
Do you think we should write a risk memo concerning the issues surrounding the ultimate effectiveness under the Code and "square setoff" rights?
Basically, the intent would be to clarify that if a court did not enforce the close-out netting, and then did not enforce the square setoff, our collateral position on a trading master by trading master basis could be underwater because we would have netted the positions under the master netting agreement for margining purposes.
Further to this, the bankruptcy reform aspects of this issue are not moving as previously hoped due to consumer issues and current events.
2.
FYI:  It has come to my attention this week that Global Finance has consummated a receivable financing, and desires to consummate additional such financings which conflict with master netting agreements in place (as well as setoff language in trading contracts) and with the general concept of master netting for the future.
We are meeting tomorrow with Bradford and Global Finance representatives to gather facts, sort through the issues, and try to resolve what appear to be different objectives concerning trading receivables.
From a cash perspective, I would think Enron as whole would get more benefit from master netting (dollar for dollar benefit) than loan security (which would never be a dollar for dollar benefit)--do you think this is a correct analysis?
Subject: Legal Risk Memo

Mark 	 Just a quick question while I remember, as you know I am giving an overview of the DASH process and the Legal Risk Memo that must accompany any DASH.
My understanding is that the Legal Risk Memo must be attached to the DASH when the DASH is circulated and that on the face of the DASH form prepared by RAC, we should not be and there should not appear any Legal Risk assessment, which must only be contained in the Legal Risk Memo.
The DASH should simply refer to "See attached Legal Risk Memo".
I am hoping that this is also how you like to see the process work in practice.
In addition I am going to say that if possible you need to be briefed and receive a draft of the Legal Risk Memo before it is circulated with the DASH.
See you shortly.
Marcus
Subject: E-mail retention

As I mentioned to you last week, there are currently about 50 EBS employees who are exempt from the Enron e-mail retention policy.
These individuals were exempted from the e-mail retention policy in order to preserve documents related to the Blockbuster litigation.
Now that the Blockbuster litigation is over, there is no reason for these individuals to continue to be exempt from the e-mail retention policy.
I propose sending the following  e-mail to the currently exempt EBS employees:
Subject: Mariner Term Sheet and Issues

Mark:  Attached is a sample term sheet for a common stock acquisition that could be helpful as a starting point for the Mariner transaction.
If the Mariner transaction will be structured as a stock exchange, I am not sure how helpful this will be.
I have not located any term sheets for a stock exchange, but I will be glad to begin drafting one at your request.
Also attached is a running list of issues and a listing of the portfolio assets Scott had indicated may move into Mariner and the current ownership of those assets.
Please let me know if there is anything further I can do.
Teresa
Subject: Oil & gas transaction Term Sheet

I have not been able to locate any other term sheets that are tailor-made to purchases of oil and gas properties (most of the documents we have are related to financing someone else's acquisition of properties).
However, Nancy Corbet has a template for an oil and gas property purchase and sale agreement that we could review and use to "beef up" our standard LOI and term sheet if you wanted to go that route.
Let either of us know if you want to see that document, or if we can help out on the project.
Subject: DRAFT PRESS RELEASE: Coburg Power

Attached is a draft press for Coburg Power regarding our decision not to renew our exclusivity agreement.
Any thoughts?
They do not have a planned release date yet, but we expect it to be sometime this week or next once they have received approval from us.
Eric
Subject: Annex V

Mark nothing has changed since our meeting last week, but here's a quick summary for your convenience:   1.
Deliberation 15: COMAE (board for ASMAE, which acts as the clearinghouse for the MAE) issued Deliberation 15 directing ASMAE to do its accounting without applying Annex V by Oct. 31, 2001.
The generators object because without Annex V,  they are 20% short instead 5% short.
Elektro and the LDCs object because failure to apply Annex V ignores the contract which is registered with the MAE, and a 20% long position will never be upheld.
Deliberation 15 further directs ASMAE to gather and supply to the generators and LDCs the information for application of Annex V, seven days prior to Oct 31.
This is good because it gives Elektro the information it needs to calculate the set off against the generators for its 5% long position.
Thus, it is unnecessary for Elektro to seek an injunction against ASMAE compelling the information.
2.
Letter to COMAE/ASMAE:  To preserve its position, Elektro sent a letter objecting to the COMAE's failure to direct ASMAE to apply Annex V.  The letter confirms a list of information LDCs require for the calculation.
If the information is not provided or is delayed, Elektro will go to court to compel the information.
Once it gets the information, Elektro can go to court  to force ASMAE to apply Annex V.  Prior to taking the set off, Elektro will seek an injunction to protect its assets from seizure by the generators under Annex VI.
Subsequently, Elektro will file a suit against the generators to enforce the contractual application of Annex V.  3.
Two suits are being filed immediately to compel ANEEL to permit Elektro to recover or pass through various costs increases pursuant to its concession agreement.
Regards,
Subject: 2002 IT Systems Development Allocations

Mark, Please review the attached listing and advise if you agree to the projects and amounts listed as billings that Enron North America will receive in 2002 for support of these efforts.
I'm at x30352 if you have any questions.
Thanks!
Subject: In re F&J Representation

This follows up on my voice-mail to you of just a few minutes ago.
I reviewed a voice-mail from Theresa Bushman this morning about the timing on the new Mariner matter that Mariner for which Mariner would like to retain F&J.
She has spoken with Scott Josie, apparently one of our business people, and has been advised that the December 27 closing is critical, due to market conditions.
Theresa also believes that the December 27 date will be aggressive even for F&J, given the late date.
Theresa, please let me know if I have mischaracterized what you said.
I see two options:  	1.
If you agree with me that we can't sign the letter as is:  I do my best to get an acceptable letter negotiated with Uriel Dutton today.
If I can't, Mariner retains someone else today.
Frankly, I am not optimistic about getting an acceptable letter from F&J, based on where F&J started.
2.
If you believe that we need to go ahead and get the best deal we can from F&J under the circumstances: I will do my best to get that done by noon or so, and if F&J doesn't budge, we may have to sign the letter as is.
Caveat:  I don't know if Dutton is in the office this week, so he and I may not be able to communicate quickly.
Also, if we redraft a letter, we will probably not have time to get comments back from all the other interested Enron attorneys.
I would also suggest telling Kelly Zelacovitz, Mariner's GC, this morning what our game plan is, and if it is option one, have her go ahead and contact her back-up choices of law firms, start running conflicts checks, etc., and have them be ready to hit the ground running.
If there is anyone else I need to send this e-mail to, please let me know.
I am in all day today; please let me know what you want me to do.
Britt
Subject: In re F&J Representation/Urgent

We are close to making a decision on whether to use F&J or some other firm for a new Mariner matter.
I anticipate that if we retain some other firm besides F&J, F&J may want to give us our files back, per the original Gus Blackshear letter to Jim.
Of course, F&J will insist in giving back one of Mark's files under any circumstance.
Put aside for a moment the problematic ethical issue that I believe that raises for F&J and whether we would pursue F&J for taking such an action.
If F&J sends our files back, can we live with that in the cases/matters you are handling?
For Mark, Jordan and Theresa, I of course already have Theresa's voice-mail regarding the new Mariner matter, and have (along with Jim) spoken with Scott Josie.
I also have an urgent call in for Kelly Zelacovitz.
If there is anyone else you think I should include in this e-mail, please let me know.
Please reply ASAP.
Britt
Subject: Hello from MSU

Hi Mark.
I know that you are busy with critical Enron business matters now.
I don't want to intrude on your time at this critical juncture.
I do want to wish you much luck and success in getting things worked out.
When things settle down, I would enjoy having an opportunity to continue our discussion.
I appreciated your willingness to speak with me earlier this fall.
Thanks for your consideration.
And if I may ever be of help to you, please don't hesitate to contact me.
Best regards,
Subject: Powers of attorney for sale of Australian companies

larry further to our discussion this morning attached the powers of attorney that I discussed we would like to get them executed so that we would in a position to sign the sale sale agreement today.
I am currently working on the resolutions.
David Minns
Subject: Enron Capital & Trade Resources International Corp.

Mark,  Long time no see - I hope you're doing well despite the difficult times we're in.
Enron Europe Limited entered into administration earlier today, but nobody seems to have much idea or can render any information about the faith of the captioned company and its Nordic power trading business.
We are thus pretty much in the dark over here and I wonder if you can you advise us or direct us to somebody that can.
Thanks.
Martin
Subject: Documentation Committee

Thank you to those who attended the Documentation Committee meeting in New York on November 29.
We look forward to meeting our European members at the meeting on December 13 in London.
Earlier this week, we distributed the first draft of the 2002 ISDA Master Agreement with accompanying documents to the Committee.
We strongly encourage you to participate in the development of the 2002 ISDA Master Agreement.
To that end, please send in your comments on the first draft of the Master Agreement by Monday, January 7.
Comments should be addressed to Kimberly Summe (ksumme@isda.org) and Katherine Darras (kdarras@isda.org).
Subject: EcoElecrica / Possible Mirant Offset

All:  I understand that Mirant, the buyer in our EcoElectrica deal, may have some outstanding trading exposure with Enron and/or its affiliates.
The issue has been raised of whether Mirant may attempt to offset amounts to which Mirant believes it is entitled against the $266 million purchase price that Mirant is obligated to pay an Enron affiliate in the EcoElectrica deal.
I understand that Enron has netting agreements in place with certain counterparties which may permit such offsets.
Which lawyer in the Enron trading world can help me determine what, if any, contractual arrangements are in place with Mirant that bear on this important issue?
Pls let me know.
Bill Krenz X67749
Subject: Documents awaiting John Lavorato's signature

Mark - I'm going ahead and faxing the documents that I have already got signed to Brian Korn at Weil Gotschal FAX: 713 224-9511.
I'll tell him that Lavorato's signature will be faxed to him by your office when you've been able to get it.
Please let me have the originals so that I can get them to Brian.
The docs.
to be faxed are: Written Consent of Directors of PBOG Corp. re approval of Agreement and Plan of Merger between PBOG and Hartsook (you already signed this one), and Certificate of Merger.
Sorry it's such a problem getting J's signature.
I tried my best!
Kate
Subject: Notice of Special Telephonic Quarterly BOD Meeting - 12/3/01

Please see attached.
Thank you.
Donna M. Cagle Executive Administrator to President & CEO Mariner Energy, Inc. 580 WestLake Park Blvd., Suite 1300 Houston, TX  77079 281/584-5511 (phone)     281/584-5515 (fax) dcagle@mariner-energy.com   <<Special Qtrly BOD Mtg.
Notice - 11-29-01.doc>>
Subject: New Staff Member

Please join me in welcoming Alexandra Gage, who will join the ISDA New York office on Tuesday, December 4.
Alexandra will be the Administrator for Research and Policy reporting to David Mengle and Stacy Carey.
Bob
Subject: MD Anderson

MD Anderson has approximately 500 job openings, some of which may be suitable for former Enron employees.
The jobs vary but include a number of IT and administrative positions.
MD Anderson's potential interest in employing laid off Enron employees came to our attention via Anne Marie Giltrop of MD Anderson who spoke with Angela Davis.
This morning, I spoke with Ms. Giltrop.
In light of our policy of only providing neutral references and other liability considerations, I stated that I did not believe we would provide MD Anderson a list of employees who were laid off, but that I would try to find an approved vehicle for getting information regarding job openings at MD Anderson to our former employees.
The MD Anderson web site does not reflect all current open positions, so I suggested that, if approved on both ends, MD Anderson could provide a list of openings with job descriptions that could be made available to former Enron employees.
Ms. Giltrop is attempting to obtain appropriate approval from MD Anderson.
She later phoned to inform me that I should expect to hear more from Deborah Manning, Jim Dorn, or Martha Jones.
On our end, I have contacted David Oxley who put me in touch with Cindy Olson.
Sarah Davis will now handle coordinating relations with MD Anderson.
This is an important opportunity for former employees, and for Enron and MD Anderson as good Houston citizens.
Please let me know if I can be of any further assistance.
Subject: Conference Call Reminder

Emery Financial Group Conference Call With First Union Securities Chief Equity Strategist Doug Sandler.
A REMINDER: IF YOU HAVEN"T ALREADY, PLEASE RSVP IF YOU PLAN ON ATTENDING THE CALL SO THAT I CAN MAKE SURE WE HAVE ENOUGH LINES OPEN!!
On Friday, December 7 at 10:00am CST, the Emery Financial Group would like to invite you to join us on a conference call with First Union Securities Chief Equity Strategist Doug Sandler.
In 1995, Doug Sandler joined the portfolio strategy department and worked with the firm's former strategist, Don Hays, as a buy-side analyst, portfolio manager, and marketer.
In mid-2001, Doug was named the firm's Chief Equity Strategist and is responsible for stock selection and development of equity themes.
Doug completed the CFA designation in 1997.
He has a BS in accounting and an MBA from the University of Richmond.
We have scheduled a 30 minute call with Mr. Sandler in which he will share his thoughts on the overall markets and answer a few questions.
Subject: Board reps

Mark,   I wanted to let you know that today will be my last day at Enron.
Please remove me from all the boards.
I have really enjoyed working with you and my time at Enron.
I still can't believe all that has happened.
Best of luck to you and your family and I hope we get a chance to work together again someday.
Sincerely,
Subject: GRS' FERCwatch [PG&E Reorganization Filings Docket Numbers] -  12/06/01

GADSDEN RESEARCH SERVICES' FERCwatch    Issued December 6, 2001   See docket numbers assigned to PG&E filings below...
Copies of the PG&E Reorganization Plan Regulatory Filings still available on CD-ROM or hardcopy!
Call 202-210-4771 or e-mail grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>.
The reorganization filings made by PG&E on November 30, 2001 are still not available through FERC's Public Reference Room!
When finally available through Public Reference, hardcopies of these filings (approximately 9500 pages total) will cost 25 cents per page or nearly $2400 in copy charges alone!
Adding the hourly rate service charges of other research services will increase your cost to nearly $3000 for these filings!
GRS/FERCwatch has copies available now on CD-ROM or we can print hardcopies for you.
The cost of the CD-ROM (including all the filings listed below) is $100 plus delivery.
Printed copies are 15 cents per page plus delivery and service charges ($45 service charge for the complete set; $15 to $30 for partial sets).
To request a copy of the following filings on CD-ROM or hardcopy, please call 202-210-4771 or send e-mail to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>.
Subject: Material Contract Review -- ASAP

We just have been asked to review on an expedited basis all material contracts of ENE and ENA for change-of-control type provisions.
Please let us know what contracts or guidance you may have or know of; we need to begin reviewing/collecting information ASAP, i.e., this weekend.
If you know of someone who should receive this e-mail but who has not, please forward.
You may contact me at any of the below numbers.
Thanks for your help.
Regards, NJD
Subject: (no subject)

i can't wait till dinner!!!!!
it is going to be so good.
mom wants u to  e-mail my soccer coach that we can't make it on sunday....thats all                                                                       Justin
Subject: Conference Call Tomorrow at 10am CST

Emery Financial Group Conference Call With First Union Securities Chief Equity Strategist Doug Sandler.
A REMINDER: IF YOU HAVEN"T ALREADY, PLEASE RSVP IF YOU PLAN ON ATTENDING THE CALL SO THAT I CAN MAKE SURE WE HAVE ENOUGH LINES OPEN!!
On Friday, December 7 at 10:00am CST, the Emery Financial Group would like to invite you to join us on a conference call with First Union Securities Chief Equity Strategist Doug Sandler.
In 1995, Doug Sandler joined the portfolio strategy department and worked with the firm's former strategist, Don Hays, as a buy-side analyst, portfolio manager, and marketer.
In mid-2001, Doug was named the firm's Chief Equity Strategist and is responsible for stock selection and development of equity themes.
Doug completed the CFA designation in 1997.
He has a BS in accounting and an MBA from the University of Richmond.
We have scheduled a 30 minute call with Mr. Sandler in which he will share his thoughts on the overall markets and answer a few questions.
Subject: Haina Note

To All:  Today we funded the sale of the Haina Note.
Enron Caribe Ltd. received approximately $14.5 million.
Brian Zatarain, Coralina Rivera, and Darleene McKeever were instrumental in getting the transaction documented, approved, and funded in a very short timeframe.
Dan
Subject: Board Meeting

There is a board meeting scheduled for Tuesday, December 11 at 8:00 a.m. in the Glass Room.
Would you please let me know if you will not be attending.
Thank you.
Subject: Proposed Cancellation of 14 LLC's - Expedited Response Request  needed

The following limited liability companies are being considered for dissolution this week.
Please let me know by 1:00 p.m. on Wednesday, December 12, 2001 if there is any reason not to dissolve these limited liability companies.
If I receive no responses, we will proceed with the cancellations.
Please distribute this memo to all interested parties within your group.
Chiricahua I LLC (Company #1382-CHRI) Chiricahua II LLC (Company #1383-CHR2) Chiricahua III LLC (Company #1384-CHR3) Chiricahua IV LLC (Company #1385-CHR4) Chiricahua V LLC (Company #1386-CHR5) Chiricahua VI LLC (Company #1387-CHR6) Chiricahua VII LLC (Company #1388-CHR7) Chiricahua VIII LLC (Company #1389-CHR8) Chiricahua IX LLC (Company #1390-CHR9) Chiricahua X LLC (Company #1391-CHR10) Chiricahua XI LLC (Company #1392-CHR11) Chiricahua XII LLC (Company #1393-CHR12) Chiricahua XIII LLC (Company #1394-CHR13) Chiricahua XIV LLC (Company #1395-CHR14)
Subject: Asset Dispositions--"Success Fees"

Mark and Jeff: There is an impression circulating among some of the commercial teams that their compensation may be directly linked to asset dispositions, ie.
success fees.
Apparently, this may have started due to "rumors" that the London Receiver is allowing for such payments--for example, the pending Arcos turbine sale.
This is unsubstantiated, but may be worthy of inquiry.
Accordingly, in at least one domestic example, it is my understanding that the deal team was fairly unmotivated until they heard about the London "arrangement" and are now pursuing with great exuberance.
Maybe this is a good thing, but clearly an arrangement that needs to be vetted and then communicated so people understand what the "rules" may be.
Subject: Microsoft

Microsoft's in-house counsel called me on my cell phone a few minutes ago.
He just wanted to let me know that they received our proposal this morning and that they have retained Preston Gates & Ellis LLP to assist them in reviewing and analyzing our proposal.
He said they would be getting back with us shortly -- hopefully tomorrow -- and said that his business folks where intent on moving "forward instead of backward," whatever that means.
Subject: Alberta PPA

Lisa,  I'm the commercial person responsible for the sale of the Alberta PPA.
I was looking for an update on where this issue is at.
It is my understanding that we need to have the bankruptcy court bless ENA's shareholders resolution for the sale of the PPA.
Have we applied to the court to hear this matter?
What does the prospective timing look like?
I'm assuming that you are the individual responsible for coordinating this effort.
We are in a situation here where collateral demands ($23.7MM) have been made on Enron Canada Power Corp. which are due on Tuesday, December 18.
ECPC does not have the capacity to post this collateral.
It is my fear that the counterparty demanding the collateral will petition ECPC into court protection upon non-compliance with the collateral demand.
Additionally,  it is unclear how any court proceeding with Enron Canada Corp. may affect both ECPC and the PPA.
It is my understanding that there may be some activity on this front early next week.
Either one of these issues may cause a default under the PPA.
At that point in time the Owner of the PPA is free to terminate.
If the PPA is terminated, the value of this asset would go to zero.
It is clear that the Owner of the PPA is itching to terminate and this would terminate the proposed sale to Altagas Services of $215 MM.
Could you please get back to me with some guidance on this issue.
ENRON CANADA CORP.   Derek J. Davies Vice President