IN: This is an email
Ray, couple of comments: a) Donahue is responsible for the portfolio management function but also incorporate the idea of Jeff being responsible for ENA's "capital book" (ie) managing existing deals and intimately involved in conjunction with Treasury and the various origination groups of which finance transactions get or don't get on our books; b) Has Fastow clearly put Defner in the ENA Treasurer role? - if so we should also mention this in the note; c) Chuck Ward ( Generation Investments); Don Miller ( Merchant Generation); and d) with regard to commodity structuring ensure it is clear that they will facilitate and structure the highest priority/value transactions across the organization even though they report to Janet (ie) they don't just work on East Origination deals. Let me see the final before release. Make sure Mark is on side. Regards

What is the subject?

OUT: Draft organizational memo
QUESTION: In compliance with the Commission's August 28 order relating to ICAP, ISO-NE filed market rule changes which it states are necessary for implementation of the new Installed Capability product. Specifically, ISE-NE proposes changes to Market Rules 4, 11 and 20. It has requested an effective date of Oct. 1. If you need further information, please let me know.
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ANS: ISO New England (EL00-62)
Kim: I was hoping to catch up with you after Stan's meeting to discuss TW financing arrangements. Their is still a very good possibility that TW could be added to the Cpt. 11 companies sometime in early Jan. (the Revolving Credit Agreement would be paid off as part of that process). Two things to remember on new projects - (i) likelihood of TW cash for equity in deal is very low and (ii) If TW is put into Cpt. 11, the implications of its credit on the other counterparties. If we can find other people's money and structure around the TW credit risk, we have a better chance (but still will be extremely tough). As you heard this morning, cash is at a very high premium right now (especially with Red Rock expansion). Thanks,
Q: What is a potential subject line for this email?
answer: Financing Arrangements
Sally, Attached is a very simplistic run rate analysis for Beth Perlman's group. I'm surprised at how close it is once one time reconciling items are included. Headcount for 2002 is pretty flat to September's. Please let me know if you would like to discuss this. Kerry
Answer: IT Development Spend Rate Analysis
Here is an email: I'm working on the agreement, but since it is taking longer than I had hope= d,=20 I wanted to send you my understanding of the basic premise for your input. = =20 I'll continue to refine/integrate this into a real document while you revie= w=20 the important stuff: Hub Services.=20 =01&Hub Services=018 include (a) transactions entered into by MEH or the PG= L HUB=20 which are subject to Peoples' Hub FERC operating statement, and (b) all=20 physical transactions which require the use of the Manlove or Mohammad fiel= ds=20 (also known as =01&exchange=018 or =01&enhanced hub=018 services).=20 The profit [what is profit? Obviously before tax, but otherwise a GAAP=20 standard?] from Hub Services shall be split as follows: ? For transactions entered into between February 15, 2000 through September= =20 30, 2000, the profit shall be equally shared. ? For transactions entered into from October 1, 2000 to September 30, 2001= =20 (and successive years until September 30, 2004), Peoples will receive the= =20 first $4 million in profit (cumulative, not annual), and will Enron receive= =20 the next $1million in profit. For any profit exceeding $5 million, Peoples= =20 and Enron will share any on a 50/50 basis. This arrangement excludes all agency fees paid to MEH. These fees will be= =20 shared 50/50 from the inception.=20 All internal costs incurred in the normal course of business will be borne = by=20 the party incurring same. All third party costs will be shared equally, and= =20 require MEH board approval. PERC Peaking Agreement PERC has contracts with PGL and with NICOR contracts relating to the=20 ethane/propane peaking facility. The two existing contracts pay a total of= =20 $2million (approximate or exact) in demand charges annually. Any profit=20 exceeding $2 million in a year will be shared by Peoples and Enron on a 50/= 50=20 basis. If either of these contracts is extended in any form other than the current= =20 form, then Peoples and Enron share the demand charge and the profit on a=20 50/50 basis. Other Transactions=20 Peoples and Enron will split the profit from any transactions other than=20 those described above on a 50/50 basis.=20 Kay
What is a potential subject line for this email?
A: Transfer price agreement
QUESTION: Hello Tornado Parents, Attached, is the Game schedule for our U-7 Tornados team. As you an see most of our games are on Friday pm and I think three of them are on Sat mornings. For the games, try to mark your calenders so you arrive at least 15 min. before the start of the game. The kids have been great and we are really going to have some fun. Thanks for signing them up for soccer. I'm really looking forward to a good season.
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ANS:
Tornado's Game Schedule