Andrew - I just heard that you've been trying to reach me today with no success. I'm actually sitting at a new desk and periodically checking my old voicemail extension, but the best number to reach me on is (503) 464-3827. Thanks,
Answer: Contact Info
Steve and/or Rhett: We are trying to finalize an ISDA with the above counterparty which is a Bermuda company. They made 1 tax comment to our Schedule. Currently, they rep to us that Each payment received or to be received by them in connect with the Master Agreement will not be effectively connected with its conduct of a trade or business in the US. They want to add the following to this rep: Each payment to be received by it in connection with the Master Agreement will be either foreign source income under the Code or portfolio interest within the meaning of Section 881(c) of the Code or gain derived from the cash settlement of an option. Is this okay? As my days are numbered here if there is any way that I could get some feedback on this this week that would be great so that at least I can respond to them. Thanks. Carol
Answer: Commercial Risk Reinsurance Company Limited
Fernley: I think that you are right about easy access to the standards. In fact, at the Global Operations Controllers gathering in Houston in October, we are going to roll out a website created for Global Risk Operations. The global standards will be one of the items included, as well as contact lists for Operations Controllers worldwide, calendars for all Enron offices worldwide, a "what time is it there if I am here" page, etc. I would like for this to be introduced at the offsite as surprise (just a little bang out of the announcement) , so I would appreciate your not sharing this plan widely at this point. However, I thought that I would let you know so that we would not duplicate any efforts.
Answer: Further note on access of operating standards
Conferring with Gorte, we need a new DASH for the India sale due to 1) the time since signing (5 months) 2) downward change in purchase price 3) general change in circumstances of Enron In addition to updating the numbers (as we discussed this morning), we should include an ownership structure diagram and a legal risk memo concerning what bankruptcy related approvals are required (if any). Whether or not Board approval is required is possibly an open issue. We will research.
Answer:
EOGIL DASH