Yes, we made it to Bolivia --finally! All's well, although we're a little sleepy. Cameron basically slept on the flight from Miami to La Paz. Hope everyone is doing fine. We're in a 4-star hotel with 2 bedrooms and 2 full baths and a stocked kitchen. I'm emailing you from the embassy. We are "in processing" today. La Paz is beautiful. We're still on our Diamox and doing fine. We miss and love you all! We have access to a computer at our hotel (Casa Grande) so I hope to be able to email you regularly. We're going househunting soon! !
Answer: We're here--
Here is an email: Here are my notes from today's call. As with Monday, I've focused on getting them out as quickly as possible rather than taking extra time to re-organize them by subject. Enron's business has been grouped into three buckets: Core, Non-core, and Under Review. Core: Wholesale energy business in North America and Europe, retail energy, pipelines Non-core: Broadband, water, and international assets (i.e. EGAS). Enron has approx. $8Bn in investments in these assets, and they have produced 'dismal' returns. Enron will be exiting these businesses and will attempt to wind them up in an orderly fashion. An aggressive divestiture program has been set in motion for these assets. Under Review: EGM, EIM. These businesses are being closely examined to determine whether they have a reasonable chance of long-term viability. Required resource levels are being carefully studied. Following review, Enron will move the different portions of these businesses to core or non-core as the analysis dictates. Approximately $800MM of asset sales are under contract and expected to close in the fourth quarter. These include a gas LDC in Brazil, EcoElectrica, and our Indian E&P assets. Enron is in active pursuit of an additional private equity infusion of $500MM-1Bn. Given the current environment, raising equity in the public markets would be 'inefficient', McMahon says. Short-term liquidity is provided by the $3Bn of credit drawn upon a few weeks ago, the $1Bn of new debt, and the $1.5Bn equity infusion from Dynegy. Longer-term, the proceeds from the sale of PGE will provide liquidity. Asset sales over the next year will be used to pay down debt. McMahon described the major off-balance-sheet vehicles: Marlin was set up to hold Azurix assets. It was initially capitalized with $950MM of 144a debt and $125MM of equity (raised from Enron and institutional investors). The debt is supported by the equity and by Azurix' assets. Enron is obligated to cover any deficit at the time the debt becomes due on 3/17/03 (the 'Enron topup' obligation). The 3/17/03 date is accelerated in the event that Enron is rated below-investment-grade by any one of the three major agencies. The primary asset of Marlin is Wessex Water. As long as Wessex is worth at least $2.6Bn, there will be no Enron topup required. If we take a 25% haircut to present book value, Enron will have to provide $650MM in consideration upon retirement of the debt. This $650MM would hit Enron cash, income, and equity balances. Osprey contains energy-related assets and 'other assets'. It was initially capitalized with $2.4Bn of 144a debt and $220MM in equity (ENE and institutionals). As with Marlin, the entity is an asset-backed structure with an Enron topup guarantee. The debt is supported by a) the assets; b) $1Bn of convertible preferred ENE (convertible into 50MM shares of ENE common); and c) additional ENE common as needed for topup. Assuming the same 25% hypothetical haircut to current book value, Enron would have to deliver approx. $600MM of topup funds--which would hit ENE cash, income, and equity. The debt must be retired by 9/17/02, with the same cut-to-junk early trigger provision as Marlin.
What is a potential subject line for this email?
A: Highlights from ENE Analyst Conference Call 11/14
Q: This is just too delicious to not share... STRAWBERRIES ROMANOFF 1 1/2 pounds firm ripe strawberries, washed, dried, stemmed & quartered lengthwise (reserve 6 berries with stems for garnish) 1/4 cup Grand Marnier (can use Triple Sec or Cointreau) 1/4 cup sugar Chantilly Romanoff 3 tbs chopped pistachio nuts (garnish) Combine berries and liqueur in large bowl and sprinkle with sugar. Mix gently with spoon. Cover with plastic wrap and refrigerate 4 hours, spooning syrup over berries once or twice. One hour before serving, divide berries and syrup among 6 sherbert or balloon wine glasses. Refrigerate. Just before serving, spoon Chantilly Romanoff over berries and garnish with reserved strawberries. Sprinkle each serving with pistachio nuts. CHANTILLY ROMANOFF 1 cup heavy whipping cream, well chilled 2 tbs Grand Marnier 1/2 tsp vanilla 1/2 cup sour cream, chilled Beat cream in large mixing bowl until slightly thickened. Add liqueur and vanilla and continue beating until soft peaks form. Fold in sour cream, then beat until mixture is thick and holds its shape. Refrigerate until ready to use.
Propose a subject line
A: Strawberries Romanoff
IN: I changed the effective date on the following Transco deals in Sitara. Transco told me this morning that these contract agencies were terminated effective 3/31/2000. Deals 165415 and 165423.

Generate a subject line.

OUT: Transco Contracts
IN: This is an email
Gerald - We are planning to provide a revised Term Sheet to Unocal sometime tomorrow. Can you please review the attached revised Term Sheet and provide any comments. It is not that different from the initial Term Sheet you reviewed and approved in September. Revised Term Sheet - Summary of changes [Term Sheet issued Sept-7 VS. Revised Term Sheet] - Thanks, Lisa Druzbik

What is the subject?

OUT: UNOCAL TERM SHEET
Document Signature Act of Sale Form Jean Mrha/Julie Gomez Board Resolution Mark Haedicke Louise Kitchen Corporate Guaranty Jeff McMahon/Ray Bowen (DONE for $3 MM) Certificate of Non-Foreign Status Stephen Douglas (DONE) DASH Rick Buy/Dave Gorte Jean Mrha/Julie Gomez Mark Haedicke John Lavorato/Louise Kitchen Jeff McMahon/Ray Bowen This DASH definitely needs a Legal Risk memo, which I have attached as a separate document. Along with the DASH, it needs to be updated for the actual sale price (and the date was wrong--I fixed that on the attached but be sure Gerald's version has the right date) and then added on to the body of the DASH before signatures. Gorte has already looked at this one, so we should be okay to get going on the signatures right away, though I would still start with him, just in case.
Answer:
Reliant Documents