Q: Just to update you: 1. I think that our travel plans are fairly well set and I know that Kaye has spoken with you on several items. 2. Mark wanted to be sure that in Sao Paulo, meetings were being scheduled with outside counsel (which I believe Andrea is handling), with Randy Young (can you attend to that please?) and ESA necessary commercials (Andrea handling?). 3. Mark wanted to make certain that we got on Don Black's calendar while in B.A. Could you look into that as well? For my own edification, who are Luiz Maurer and Orlando Gonzalez? Please let me know if there is anything elso you need form me. I'll bring you up to date on Hickerson shortly. Thanks, Sara
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A: Brazil trip

Q: At the request of Sara Shackleton, I am attaching a clean and blacklined draft of the Schedule and Credit Support Annex to the referenced ISDA Master Agreement. Can you please provide or confirm the following information: (1) since the Counterparty is Australian, I have added the Counterparty's ACN Number to the document. Can you please provide that number to us. (2) Can you take a look at the definition of "Obligors" in the Credit Support Annex and let us know if it references the correct Obligors under the Loan Agreement. Since I will not be in the office this afternoon, can you please call Sara at (713) 853-5620 or Stephanie Panus at (713) 345-3249 with your comments. Thanks for your attention herewith.
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A: James Hardie ISDA Master

Q: Rod: I will contact Frederick Broda (VP, Derivatives and Fixed Income) in NY about this master. Jeff Nogid requested this master as well. Thanks. Sara
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A: Credit Agricole Indosuez

Q: Adam / Stan, I had a follow-up meeting with Gary Fitch regarding Enron Wind's aviation. Gray indicated the following: Aviation budget number look comparable to operator standards (approx. $1,900 / hour, 600 hour estimate) The plane has a market value of $1.8 - $2.0 million and a book value of $2.2 million Turbo prop charters for trips to Tehachapi would run in excess of $1,100 / hour and may be limited as there are only two qualified operators The Cessna is the only jet suitable for use to Tehachapi based on runway length and altitude Gary will make a site visit before the end of the year Assuming that of the budgeted 600 hours of operation, only 400 hours would require charter, the cost of charter would approach $0.5 million of the total budget of $1.2 million. This plus the flexibility of using the plan on longer hauls (e.g., to Houston) make it economically justified. My recommendation is that based on the current situation, we retain the aircraft. Tod
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A:
Enron Wind Aviation