Here is an email: Ed and Mark, As we discussed, I spoke to Jeff Hodge and Travis McCullough about the best way to document this deal. We all agreed that it is better to document the deal as a deferred payment on the sale of natural gas rather than as a loan. Documenting the deal as a loan does not add any protection for Enron and in fact, may be detrimental because of the various laws concerning loans and lenders. The protections and remedies afforded by the Master track those that Enron would have under a loan document. Enron would be in no better position to collect from NUI in the event of bankruptcy under a loan document than under the Master Firm Purchase/Sale Agreement. Additionally, I assume that NUI, being a regulated utility, will not want to or be able to document this deal as a loan. Please let me know if you need additional information on this topic. Stacy
What is a potential subject line for this email?
A: NUI Deal Documentation
Q: Mike, Vasant, Elsa would like to meet and discuss the construction of forward curves for her operation. Can you, please, get in touch with her. Vince
Propose a subject line
A: Elsa'a request
IN: I spoke to Harry Musikas in NYMEX Compliance this afternoon and he gave me verbal approval of 500 contracts for COB spot month for the next year, pending final approval of Bernie Purta (big boss at NYMEX). We won't get the letter for about a week to 2 weeks, but I wanted to let you know. I spoke to Mike Swerzbin and told him the same thing. I'll pass on the approval letter and my revised list as soon as we get his approval letter.

Generate a subject line.

OUT: NYMEX COB Spot Position
IN: This is an email
You may not see this deal come through the normal process. Please set up deal 245855. Thanks Brenda, this is for Tetco contract 892590 - the last contract on the email you sent me.

What is the subject?

OUT: Transport Capacity deal
QUESTION: Before I leave today, I just wanted to say what a great experience it has been working in Portland over the last 15 months. I have learned so much and am amazed at what a motivated and talented team we have. I will miss all of the friendships I have made and wish everyone the best of luck and success. If you are ever in Houston, please give me a ring! Take care - Amy
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ANS: Good-Bye!
IN: I have a concern about Enron's forward-looking exposure associated with legacy deals (deals that existed during the June 2000 through the May 2001 price shock). If Edison gets its way, all customers will pay for Edison's under-recovery from June 2000 through January 2001 plus CDWR spot market purchases during 2001. This would take the form of a surcharge on future bills. My concern is that Enron will be on the hook for these future charges associated with past under-collections -- even beyond the term of our legacy deals. For example, if a deal ends in March 2002 we could be on the hook for surcharges that a legacy customer would receive on its bill after that date, provided the surcharge pertained to costs incurred by the utility during the time that the legacy customer was ours.

Generate a subject line.

OUT:
Another Version of Negative CTC Risk?