Problem: BODY: The Bankruptcy Court has approved our sale of the IM Project to AEP. The C= ourt's formal order will be entered sometime Friday morning. With this app= roval, we expect to close the sale either Friday or Saturday. Approval was= conditioned upon our agreement to the following procedures with respect to= the net sale proceeds (approximately $108mm): =20 =09-=09$25mm will be returned to Enron (repayment of the post-petition work= ing capital loans made to EW);=20 =09-=09$10mm will be retained by EW for working capital to use over the nex= t 2 weeks;=20 =09-=09$78mm (the remaining balance) will be set aside in a restricted acco= unt of EW, pending approval by the creditor's committee of the use of those= funds for payment of existing obligations and for ongoing working capital = by EW. =20 We have until 15 January to obtain creditors' committee approval for the us= e of the remaining balance, at which time if no approval is obtained, we ca= n ask the BK Court to rule on the matter. Obtaining creditors' committee a= pproval will require that we (a) demonstrate that the continued operation o= f EW as a going concern is in the bankruptcy estate's best interest (becaus= e it will enhance or at least maintain the value of EW for sale) - this dem= onstration will need to be made by Enron (Mark) and CSFB (Matt), and will n= eed to include an overview of EW's value on sale, including arguments why t= here is significant value in the EW - Americas business unit notwithstandin= g the short-term issues facing the US business, and an update on the sale p= rocess; and (b) demonstrate the legitimacy of EW's current obligations and = future working capital needs - this will need to be done by Umanoff and Wes= tbeld (we initially projected that we would need approximately $54mm of the= $78mm through the end of Q1, a likely closing date for sale of EW; Mike an= d his team will be scrubbing these numbers over the next week). We are tar= geting early in the week of Jan 7 to make our case to the creditors' commit= tee, although no firm date has been set. One final note - a representative of GE attended the BK court hearing and i= s aware that our request to use the remaining balance to pay our past due o= bligations (including $9mm owing to GE) was denied pending implementation o= f the above procedure. We can expect continued pressure from GE. Call me with any questions.
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A: SUBJECT: Indian Mesa Sale - Bankruptcy Court Approval

Problem: BODY: We will be selling the old desk chairs to employees for $25.00. If you are interested in purchasing a non-Aeron chair currently on the floor, please let me know by close of business, Monday, June 4. On Tuesday morning, we will hold a drawing to allocate the available chairs. Just a reminder - we will be replacing desk chairs after 2:00 pm on Monday, June 4 and Tuesday, June 5. If you are happy with your current chair and do not wish to have it replaced or have special requests, please let me know as soon as possible. Please disregard if you have already responded. Thanks!
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A: SUBJECT: Old Desk Chairs (does not include 'old' Aeron chairs currently on the floor)

Problem: BODY: In response to the message about the burgluries, I would like to say that there has been a tremendous increase in this activity over the past couple years. Lorraine and I experienced our first such event last winter when a heavily tatooed man broke into our home in broad daylight to steal our bicicles, precious jewelry and other items. We have 2 dogs that bark at everything but they did not deter this man as he paid no mind to them. A few weeks ago there were 3 or 4 car break-ins on Taft Street but I don't think any of these were reported to the police. We had mentioned this at previous meetings but would just like to remind everyone to keep their eyes open and call the police if you see anything suspicous at all. As more and more new people move into town, the chance of being burglured will increase. The policewoman that responded to our call said that our area is a target for theft. I don't think there is any reason to panic or consider moving to the burbs, it is just a fact of life that these crimes will occur. We all need to act as one and watch out for each other. When I first moved here back in 1994 I remember talking to a guy whom I think was the president of EMCA at the time (can't remember his name, but he lived accross the street from me) Him and his wife moved to Russia or something. Anyway, there was a neighborhood watch program in affect where people took turns driving and walking the neighborhood. Is there anything like this going on now? Just wondering.
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A:
SUBJECT: *EMCA* Neighborhood break-ins