QUESTION: John: Thanks for your voice mail message. I will wait to hear back from either you or John M. before I respond to Reliant on our issues list. I do agree with you on all of the points that they need to address. On the Event of Default issue, do you think that Janet Greene's proposed language to the "null and void" sentence as well as the drawing certificate works? I was concerned that the language "Event of Default under the Confirm" may lead to some confusion as to what Events of default are covered. What do you think?
Propose a subject line for this email?
ANS: Misc
Gerald, There are a number of things that have come up on which I hope to get your assistance, concerning both Dow wells 13 and 14 and the land sale to Texas Brine. Starting with Dow, I have written a (very rough!) draft reply to Gary Chapman's letter of October 2 regarding a new amendment to the Brine Services Agreement. We still would like them to buy the pad gas, but, given the equipment purchases needed if we do have to remove the pad gas, we have to have a concrete deadline for whether they will buy the gas (Dec. 14). Even so, in talking to Dave Owen it seems to me that the equipment may not be installed for rebrining by the time we exit the wells. How do we handle that type of delay contractually? Dave Owen has told Dow that we are not interested in allowing the fresh water option that Dow suggested in their letter, so I did not even address it here. I think they understand that we want no part of that. Perhaps we can discuss these and other issues after you've read the draft. As for the Texas Brine land sale, Jean has asked me to draw up a timeline to close. I have spoken to the Texas Brine folks, and unless something goes really wrong with their environmental analysis, we all expect this to close by the end of November. The timeline reflects this, but I would like you to take a quick look and see if I am missing anything, as there really are not that many steps. TB has not gotten back to us on the draft sale document, but I'm hoping to get it soon. There has been a bit of delay as they have requested access to any environmental assessments we have done on the land. All the channels I have pursued tell me there has never been anything done by Enron (per Kyle Purvis). If you know anything about this, please let me know! Do you have a draft of the easement agreement (?) for the March land sale? I don't have alot of details about location etc, but I think I could find them out if necessary. Perhaps while we are waiting for a reply on the sale doc we can hammer out the language for the easements on that and on the new land sale. I think that's it for now, have a great weekend and please let me know if you have time to talk early next week. Thanks! Eva
Q: What is a potential subject line for this email?
answer: Napoleonville Items
Here are some thoughs on how we would account for the Offsystem Storage. Facts NNG moves 100,000 dts from physical inventory to Offsystem inventory. No accounting entry made to the G/L. I will look into Form 2 physical reporting changes. Offsystem inventory is reduced 2,000 dts to reflect in-kind fuel reduction. Case 1 In-Kind is replaced by simple purchase from 3rd party, NNG incurrs the cost. Debit 803 (Gas Purchases) or 858 (Fuel exp) 2,000 * cost of gas Credit A/P 2,000 * cost of gas Case 1 books all transactions outside of operational storage. Reducing the Offsystem storage will cause UAF to increase, however purchasing gas for Operational Storage and not recording it to Operational Storage will offset the UAF increase. Case 2 In-kind is replaced by Operational Storage, NNG incurrs the cost Debit 816 (Storage Fuel exp) 2,000 * MIP Credit 812 (Storage Fuel Credit) 2,000 * MIP Debit 808 (Storage Withdrawal) 2,000 * MIP Credit 1174 (Encroachment) 2,000 * MIP Case 3 In-kind is replaced by Operational Storage, Tracker incurrs the cost Debit 816 (Storage Fuel exp) 2,000 * MIP Credit 812 (Storage Fuel Credit) 2,000 * MIP Debit 808 (Storage Withdrawal) 2,000 * MIP Credit 1174 (Encroachment) 2,000 * MIP Debit 1823 (Storage Fuel Tracker) 2,000 * MIP Credit 805 (Storage Fuel Recovery) 2,000 * MIP
Answer: Transok offsystem accounting
Here is an email: Mark, I would appreciate it if you could get back to me as soon as possible on the issue of Enron's continued use of the HPL name on the EOL documents. In my letter of September 27th, I had requested Enron remedy this situation by October 1st but that has not happened. I'm sure you can appreciate our interest in resolving this matter promptly, so please let me hear from you as soon as possible. Thank you,
What is a potential subject line for this email?
A: Unauthorized use of Houston Pipe Line Company Name
Q: Hi again. Here is the consent to assignment which I believe is ready to go. The only changes I made was adding the requirement to give notice of the financing in 3 (f), and making the release of WestLB specific to these turbines (1(b)). I will bring signature pages tomorrow, and will forward the override letter this evening. Please let me know if you have any questions or comments. Thanks,
Propose a subject line
A: ESA consent to assignment
Here is an email: eSource presents SDC Platinum training SDC Platinum offers detailed transactional information on New Issues, Mergers & Acquisitions, Syndicated Loans, Private Equity, Strategic Alliances, Project Finance and others. The product is designed to allow users to compare transactions, evaluate advisors, and analyze market and industry trends. Training Agenda Includes: ? General Introduction. ? Basic query techniques for new issues and M&A databases. ? Basic query techniques for trend analysis. Attend our SDC Platinum Clinic: May 30 9:00 -11:30 AM EB552
What is a potential subject line for this email?
A:
eSource Presents Free SDC Platinum Training