IN: This is an email
The application and draft order were hand delivered to the Louisiana House and Senate Natural Resources Committee on Sept. 26. By statute, the committee has 15 days within which to consider the application and make comments. I would expect that the order be returned to DNR on Oct. 12, with the final order coming the following week.

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OUT: Napoleonville Storage No. 1
QUESTION: Want to clarify if the Estate has the right to do a services deal with a 3r= d party with our copy of the licenses after the NetCo deal is done. =20 =20 Here is the issue (as per an old draft of the Assignment and License Agreem= ent). =20 In the current deal, Enron assigns, sells, transfers and conveys to NetCo a= ll of the rights, title and interest in and to the software and intellectua= l property rights. In other words, NetCo will be the owner of the Enron de= veloped applications or software including EOL, TAGG, ERMS, DCAF, Sitara, U= nify, EnPower, etc. Enron or the estate gets back a worldwide, perpetual, = irrevocable, nonexclusive, fully paid-up, royalty free license of all of th= em for any purpose. I am not sure why the original deal was done this way = as opposed to Enron continuing to own all the software and just granting a = perpetual, royalty free license to all the applications to NetCo, but I rea= lize we are in the 11th hour. =20 What it also says is that Enron shall not have the right to grant any subli= cense to any third party for use within the field of "wholesale trading of = natural gas and electricity within North America." It also says that NetCo= can't, as long as Enron owns 20% of NetCo, assign or license the software = to any third party or use the software for any of the prohibited commoditie= s. =20 Is trading the act of buying and selling of the commodities? Once a NetCo = deal is completed, we want to have NetCo and the estate agree that trading = is buying and selling, not service or fulfillment. I would like the Estate= to maintain the right and ability to sub-license all the applications asso= ciated with logistics and settlement (not EOL or those systems associated w= ith buying and selling and order capture) to a third party that would have = the opportunity to build a mid and back office processing and service busin= ess around those sub-licenses in all commodities, including gas and power i= n North America. The Estate may even outsource to this 3rd party and take = back a service agreement from this 3rd party as well as some of the future = profit it generates from this service company. This would allow the estate= to get value for the applications and associated employees on a service de= al. NetCo should not be concerned about fulfillment as being defined as co= mpetition. Also, the estate is keeping CommodityLogic and it is much more = valuable as a tool within a complete services entity. =20 I have not heard whether the final purchase and sale agreement has a non-co= mpete or not. If there is not one, then doing the above should be no issue. =20 Need an answer quick on if we need to change anything or if you think that = we have this right as written or if you think NetCo has an issue. =20 Also, I assume that we can use our licenses within the estate and its affil= iates and subs any way we want in all commodities. =20 Thanks.=20
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ANS: Licenses, services and NetCo Deal
We will hold off transferring any physical positions desk to desk until the end of bidweek. After NX1, we will transfer positions at a daily EOL Index mid price. Please monitor my book and others to make certain DEC deals are not being transferred prior to NX1 at an IF monthly or GD daily mid price. Thanks,
Q: What is a potential subject line for this email?
answer: DEC physical
Get Connected with e-Statements. Sign up for Electronic Statements from Enron Federal Credit Union by November 15 to be entered into a contest to win a Palm Vx! Log on to www.enronfcu.com to apply or for more information.
Answer: EFCU Gets You Connected
Here is an email: Kim, The FedEx package of contracts is going out tonight. I've included: Clarke County gas purchase agreement with APEA SMUD gas purchase agreement with APEA Enron gas supply agreement with APEA I told Roger Mock that once we confirmed that the delivery point with SMUD and ensured that we were comfortable moving it, we'd let him know. I also wanted to make sure that from the West Gas Desk's perspective, if we change the delivery point but leave quantity and term alone there would be no price differential to APEA? Just keep me posted.
What is a potential subject line for this email?
A: APEA Contracts
QUESTION: Ike, with the danger of being too presumptious, I thought I would follow up with an e-mail to suggest a procedure for trading settlement offers on Wednesday. Attached I have a suggested template for each party to use so that we can ensure that we are comparing "apples to apples". I would also suggest that each party provide sufficient back-up to justify their numbers. It may also be helpful for TVA and EPMI to use an independent party, such as Charles Bone, as the intermediary to facilitate the transfer of each parties settlement offer. I am in the office over the next several days. Lets discuss at your earliest convenience. Regards
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ANS:
Settlement Template