Problem: BODY: 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. 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. The merger is expected to immediately boost earnings for both companies. Under the terms of the agreement, FPL shareholders would receive one share of a new holding company for each FPL share held. Entergy shareholders would get 0.585 of a share of the new holding company for each Entergy share. 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. 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. Entergy stock ended at 30-5/16, off a high of 31-3/16 but up from a low of 15-15/16. SHAREHOLDERS' APPROVAL REQUIRED The combination must be cleared by shareholders as well as federal regulators. FPL and Entergy said they hope to complete the transaction within 15 months. ''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. Leonard will serve as president and chief executive of the combined company while FPL's chief executive, James Broadhead, will serve as chairman. 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. 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. 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. FPL and Entergy said they will seek to ''minimize workforce effects of the merger'' through a variety of unidentified efforts. In addition, both FPL and Entergy have authorized stock buyback plans, together worth $1 billion. FPL plans to repurchase $570 million shares while Entergy is looking to buy back $430 million in stock, the companies said.
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A: SUBJECT: FPL/Entergy merger news article

Problem: BODY: Here is response to question about estimated volume after blowers are installed at Meserve. I recall advising that Citation was moving forward with the installation, but not sure exactly when. Now we know. We seem to be overproduced for the month so far and if this increase holds true, adjustments will be needed for the last days of the November and beyond.............TO INFINITY AND BEYOND!!!!!!!! (sorry, but I couldn't resist)
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A: SUBJECT: [Fwd: Meserve Production]

Problem: BODY: We know you have questions about recent events impacting Enron and our plans for the future. Ongoing investigations and pending litigation have made it difficult, if not impossible, to share information in a timely manner. While we can't address certain issues, we can tell you about our initial plans to move Enron forward and emerge from bankruptcy, and we are eager to do that. We had planned to hold an all-employee meeting tomorrow, January 23, at the Hyatt Regency. However, we don't want to subject you to the media frenzy that would certainly surround such a meeting, so we've decided to postpone it. We are currently making arrangements to hold a series of employee meetings within the building to protect your privacy. We will provide the date and times to you as soon as the logistics for those meetings are finalized. Prior to the employee meetings, we will provide an overview of Enron's new organizational structure. You can expect that memo shortly.
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A:
SUBJECT: Employee Meeting Postponed