Since 1/1/99, 84 people at an MD or above level left the company. The only executives who maintained an office in an Enron building after they left were Cliff Baxter, David Haug and Ken Rice. Cliff's runs through 10/31/01, David through 9/30/01 and Ken's access will probably be turned off in a week. If you need any other information, just give me a call at x33993. Also, David mentioned that you all had discussed potential changes to the PRC/Bonus process. It might be very helpful if the 3 of us could brainstorm and I'd be happy to go through the Board/Shareholder approval process. We may be limited in what we can do given how late in the year it is. Thanks! !
Answer: Consultants - Office Space
Here is an email: I was going to Mexico with the dough but decided against it. We received $11,240.63 from medical reimbursements and $5.00 from the Electric Company. I just transferred $3,749.00 to to your checking accounts.
What is a potential subject line for this email?
A: Insurance dough
Q: The above transaction was presented to the Board on 1-29-2001. There was considerable discussion which I have summarized below. Returns: were the returns sufficient to syndicate the risk. I answered positively, which is what the capital price addresses. The dash return is a blended debt and equity return.(?) Was the $19 million excess proceeds enough to allow the company to operate. I answered yes since 85% of reserves are producing and little capital will be needed to develop pdnp and pud reserves. Is management capable of operating or will they be in chapter 11 again soon. I answered that the bankruptcy was a result of overpaying for Wyoming deal and low commodity prices last two years which resulted in a bb decrease below outstanding. We will have to watch this issue carefully. Are banks reluctant to support KCS and could this cause a liquidity problem? Answered that all creditors were made whole and likely that someone will come into credit but it was a risk, although for the time being they had enough cash to operate. This feedback is just for fyi but it does indicate that board is active and not a rubber stamp. Rick
Propose a subject line
A: Board Review of KCS
IN: Dear Medicine Bow Shipper: We received notification that the 5th segment to gate valve 6 providing a total firm capacity of 495 Mdth/day was approved by FERC today. Based on the feedback some of you have provided today, and since this is late notice on a Friday afternoon, the contracts will be effective on Monday, October 29, but the capacity will be available tomorrow and Sunday. We filed the 6th segment to gate valve 5 this past Tuesday (October 23) and are prepared to file the final segment as soon as one currently being reviewed is approved. Please call me if you have any questions.

Generate a subject line.

OUT: Medicine Bow Tie-In Capacity
IN: This is an email
In order to bring better legal coordination and standardization to Enron's Risk Assessment and Control (RAC) group, we have formed a new legal group, which will initially include Lisa Mellencamp (Finance), Marcus Nettelton (Power Trading), Carol St. Clair (Broadband/Power Trading), Mary Cook (Financial Swaps), Peter Keohane (Canada), Ed Essandoh (Retail), Paul Darmitzel (Retail) and Elizabeth Sager (Power Trading) (Team Leader). This group will focus on, among other things, managing Enron's exposures with bankrupt counterparties, working out credit solutions with distressed counterparties and standardizing our overall credit practices. The initial members in this group have been drawn from Enron's numerous legal groups in order to gain a broader perspective. Each of these members will provide support to this new group in addition to their current responsibilities. Within RAC, Michael Tribolet will focus on distressed counterparties, in conjunction with Bill Bradford, who continues to manage the Credit Risk Management group. Please join us in supporting the efforts of this new group.

What is the subject?

OUT: New Legal Team to Assist RAC
Challenge Appetite for credit capacity is much greater than what is justifiable given credit quality of industry and liquidity of transactions. General Themes Dearth of liquidity in market (bearing in mind that EIM's purpose is to stimulate liquidity) Poor credit quality Highly structured nature of steel transactions (inventory management, illiquid options, etc.) M-T-M Accounting and incentives related to achieving earnings targets Size, tenor and rating drive credit exposure; size and tenor drive transaction value -- therefore ratings drive credit limits.
Answer:
Revised EIM Meeting Notes (inclusive of notes from 9/17 & 9/18 meetings)