Q: I will be handling the derivatives side of the ETOL transaction this time so future communications should probably come to me directly. I will be reviewing the ISDA draft this weekend and it would be helpful if I could get some sort of description of the overall transaction. Is there a term sheet or executive summary of the deal? If so, my fax # is (713)646-3490.
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A: ETOL

Q: We are moving ahead with finalizing a Master Netting Agreement that will cover all physical and financial agreements between BNP Paribas and Enron, except for the exchange agreements pertaining to NYMEX and LME trading. The agreements to be included under this arrangement are listed below. The intent is to complete the agreement by close of business on Tuesday, November 27. We have communicated this to Bart Schouest at BNP Paribas and to BNP Paribas' counsel in New York. 1. ISDA Master Agreement dated effective as of June 28, 1995 between Enron North America Corp., formerly Enron Capital & Trade Resources Corp., and BNP Paribas, formerly Banque Paribas (as the same may have been or may be amended, restated, supplemented of otherwise modified from time to time, and including all Transactions, schedules, annexes, and confirmations thereunder, collectively). 2. Interest Rate and Currency Exchange Agreement dated effective as of January 16, 1992 between Enron Corp. and BNP Paribas, formerly Banque Paribas. 3. ISDA Master Agreement dated effective as of February 22, 2000 between Enron Capital & Trade Resources International Corp. and BNP Paribas. 4. ISDA Master Agreement effective as of April 4, 2000 between Enron Credit Limited and BNP Paribas. 5. General Terms & Conditions governing transactions executed between Enron Capital & Trade Resources Limited and BNP Paribas. 6. General Terms & Conditions governing online transactions executed between Enron Capital & Trade Resources Limited and BNP Paribas for the Sale and Purchase for Flat UK Beach Trades. Please address any questions or concerns to me ASAP. Regards,
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A: BNP Paribas Master Netting Agreement

Q: On February 14, 2000, Enron North America (Enron) filed a declaratory judgment action against the Tennessee Valley Authority ("TVA") in the Federal District Court for the Eastern District of Tennessee, Chattanooga Division, requesting that the court determine whether TVA defaulted under its power purchase agreement with Enron by failing to pay undisputed invoices. On March 6, TVA filed a counterclaim against Enron alleging that Enron wrongfully terminated the power purchase agreement. Although no assurances can be given, Enron believes that the ultimate resolution of these matters will not have a material adverse effect on its financial position or results of operations.
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A: TVA

Q: Frank, After looking the packet over in detail, I found the questions to be a great tool, especially the ones aimed at the 'soft skills'. Previously when interviewing people I always struggled for a way to ask these type of questions legally and ethically. I think the packet also will aid in my organization and will keep the interview moving at an efficient pace. Thanks,
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A:
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