IN: This is an email
David, I have a problem with the RAC comments made on page #2 of the DASH. Specifically, the two paragraphs basically add no value and just confuse the reader (ie) what is your opinion? Is this a good sale or can significant recovery (on a risk adjusted basis) occur if we convert the sub debt and infuse more equity? Are we not receiving enough value from the CFPC given the possible recovery of this sector? The DASH is deficient in its view of Basic's prospects given current energy prices. Jeff/Dick/Ray, what are your opinions? Independent of the desire to move on - what is the right call - I do not want to give value away in any divestiture or restructuring. Regards

What is the subject?

OUT: Basic

IN: This is an email
Janelle and Ed: I have received two voice mails from Con Ed inquiring about resolution of the outstanding issues (I left each of you voice mails about these). I'm not revising any documents until I hear back from you. Janelle: Please let me know if I need to take any further action. Thanks.

What is the subject?

OUT: Consolidated Edison Company of New York, Inc.

IN: This is an email
It seems as though yesterday's email didn't reach anyone. Attached is the redline. With the exception of numbers (cap, price,etc) I think we are ready to speak with Merrill. Sara

What is the subject?

OUT:
Enron Corp. redline of Lehman 10/26/00 forward confirmation draft