QUESTION: All: Attached are the following docs: (1) Talon I LLC/Harrier I LLC equity swap confirm (2) Harrier I LLC/EBS Investments, L.L.C. equity swap confirm (3) revised ISDA Master Agreement Schedule for Harrier I LLC and EBS Investments, L.L.C. Please review and provide me with your comments. I do not have all necessary address and account information. The swaps are subject to the ISDA 1996 Equity Derivatives Definitions. Section 7.4 (of those Definitions) contains the payment obligations and provides that the Equity Amount Payer pays a positive Equity Amount and "the other party" pays the absolute value of a negative Equity Amount. Also, I believe that Accounting Issue 00-19 is inapplicable to this Total Return Swap or else we may have issues with the "Extraordinary Events" elections. Sara
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ANS: Raptor: Talon/Harrier/EBS Investments, L.L.C.
Thanks so much for your help on the BEARing gifts program! It is a great cause and your help will make Christmas a lot happier for a lot of kids who really have very difficult lives. Most have never received anything new. Have a great holiday season! Mark Haedicke
Q: What is a potential subject line for this email?
answer: CPS BEAR Volunteers
Here are all of the deal numbers that correspond with today's tie point, Cal PX, and Cal Imbalance deals. I erased the EOL transaction numbers on the first four, but I believe they were going in a sequence beginning at 627. Thanks so much for your help on this. 458259 458260 64 65 66 Tie Points 67 69 70 458271 72 PX 73 458276 58 Imbalance
Answer: Cal PX Bridge
Here is an email: At the request of Sara Shackleton, I am enclosing a redlined draft of the guaranty. Please let me (713/853-3399) or Sara (713/853-5620) know if this change meets with your approval. Further, I am in the process of drafting the Enron Corp. Guaranty with respect to ECT Investments, Inc. and hope to have it to you shortly.
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A: Enron Corp. Guaranty
Q: When we do the emissions testing at C/S No. 3, Luepp, we should be aware of the positives and negatives. The positives being the information which Steve and company will collect. This appears to be a very useful tool. There is also is no permit emission limits associated with the permit at this facility. There also exists the potential to pay lower emissions fees should this investigation show that the emissions from the units to be significantly lower than what was placed into the permit application. The downside to this effort is that the data we collect may in fact show that our emissions fees which we have been paying actually under estimate those submitted in our application and we would more than likely be held accountable for the difference (1996 to the present). Additionally, enforcement action could result by the Navajos. I say this to apprise everyone of the positive and negative potentials involved in completing this study. From the emission estimates which were placed into the permit application we included a defendable buffer or excess of emissions to account for variations in the temperature, humidity, engine age and poor engine mechanics should they exist. And finally, we have the unknown of not knowing what the three units actually emit. These units have never been tested. This uncertanty in itself may be the driver to know so as not to have a situation which was similar to what happened at Atoka No. 3 several months ago.
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A: Testing at Station 3
Here is an email: 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:
FPL/Entergy merger news article