Here's what's hot, what's not: Virginia Power - don't know how hot it is. We should know more on Monday. Chicago - just finished commenting on the Hub Agency agreement. I would like to visit there next week. As you know, the Manlove monetization is still on the list. Laura sent me her comments to the LOI yesterday - relatively mild, so the LOI should be going to Peoples in the near future. You have the list that Gregg prepared on commercial/legal to do's, and he and I will work on those things next week. LM stuff. General consulting business; form 97-10 EPC for affiliate, form GE contract (drafted by AK) on the list. ESA/ENA turbine sale. Sent Ben a draft MOU. Not a time hog. Miscellaneous development stuff - land options, etc, for Fred and Rusty. Not very time consuming. Opps, I'm late for a meeting! I can give you whatever details you need. All things considered, I'm in pretty good shape. Kay
Q: What is a potential subject line for this email?
answer: Current stuff
Greg, These are proposed bonuses: Managers: Superior 1. Ravi Thuraisingham 40K 2. Ronnie Chahal 40K 3. Amitava Dhar 40K Excellent 1. Osman Sezgen 35K 2. Tanya Tamarchenko 35K 3. Joe Hrgovcic 30K 4. Vincent Tang 30K Directors: Superior 1. Mike Roberts 100K 2. Krishnarao Pinnamaneni 60K Excellent 1. Zimin Lu 50K 2. Maureen Raymond 40K Assistants: 1. Shirley Crenshaw 6K 2. Robert Moore 5K You already have the VP numbers. Vince
Answer: Proposed bonuses
Here is an email: Please forward to others who need this information. As you know, Enron's been involved with a group of business customers, small customers, labor and enviros trying to hammer out a core/noncore proposal that would act as a key modification to Edison's MOU with the Governor. Today, the Assembly leadership released a bill (AB 82XX) that modifies the MOU but does not follow the core/noncore proposal negotiated by the group. The bill just came out, is about 80 pages long, and thorough analysis has not yet been completed. The URL for the bill is attached. Based on a meeting attended this morning in Sacramento,the key features of the bill( which is attached) are: Direct Access suspended until 1.1.2003 (suspension presumably effective on the effective date of the bill) Transmission sale at 2X book. Approximately 90% (or greater) of Edison's undercollection absorbed by customers 20KW and above. Create a Trust to address the money owed to the generators and offer the generators 70 cents on the dollar (but does not do away with the suits, investigations, etc.) The bill is completely silent regarding who will pay for the DWR contracts and what the payment structure will look like. Reaction and Timetable Very chaotic, with considerable uncertainty about where (if anywhere) the bill will go, leaving many to believe that bankruptcy remains a strong possibility. Business customers (and of course Enron) are strongly opposed Republicans are strongly opposed Labor has big problems with the Tx sale unless they get assurances that TX labor jobs are guaranteed, which is not yet included in the bill We are working with business to remove the Direct Access suspension We are also working on the Senate side to attempt to get the Senate to include Direct Access in their version of the modified MOU, but the Senate has been more hostile than the Assembly to Direct Access. Senate Democrats still intend to run a bill that delinks payment of the bonds to repay General Fund for power already purchased from the DWR contracts. AB82XX does not address this issue. Senate Democrats also intend to craft their own version of a "modified MOU." Word is that the Senate will release their bond language and their "modified" MOU this weekend or early next week. The Assembly will hold an "informational" hearing on the bill tomorrow (Saturday) to get members up to speed The Assembly will have a committee hearing and vote on the bill on Monday, with the intent of sending the bill to the full Assembly for a vote on Tuesday. The Legsilature is supposed to have a month-long recess beginning Friday, July 20th, which requires that both the budget and the energy issue get resolved by then, or suspend the recess and continue working
What is a potential subject line for this email?
A: California Assembly Releases "Modified MOU" for Edison
Q: As the requests are increasing for netting agreements, please do utilize Cadwalader for help. They are ready. Contact Rick Antonoff (212 504 6759) or David Mitchell (212 504 6285).
Propose a subject line
A: Cadwalader
IN: Since we skipped the General Counsel luncheon last month because of the Law Conference in San Antonio, it's Rex's turn to host the luncheon. It will be at La Mora Restaurant which is located at 712 Lovett (near the intersection of Westheimer and Montrose). Please RSVP to Sharon Morgan at x37273.

Generate a subject line.

OUT: General Counsel luncheon
IN: This is an email
Southwest Gas currently views Enron Online but is afraid to transact physical volumes on it because they are afraid the payment terms on Enron Online are different than non-EOL trades. They stated that they reveiwed the EOL contract and that it does not address payment. I told them that the payment terms do not differ but they are asking for something in writing. Can you send them something.

What is the subject?

OUT:
EOL-Southwest Gas