QUESTION: Have we gotten started on this one yet? I have done all the due diligence on contracts gtys, etc. I actually provided Carol with a binder a few months ago with all the back up. I probably want to change the collateral thresholds. Let's discuss this morning when you have a moment. Thanks!
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ANS: Williams MNA
David: Please send an email request to Cassandra Schultz and Veronica Valdez requesting that the following Enron Credit Inc. traders be added to the ENA Authorized Trader List (for the purpose of using ENA executed ISDA Master Agreements in the credit trading area, such as Swiss Re and First Union National Bank): Jeff Kinneman Nicholas Stephan Paul Pizzolato Please copy me and Marie Heard. Call if you have any questions. Thanks.
Q: What is a potential subject line for this email?
answer: Adding authorized traders to the ENA Authorized Trader List
Just got a call from Hertzberg. He pulled the plug last night on trying to get an Edison MOU finished by this weekend. Too complicated; too rushed; he couldn't pull it off, but intends to continue working with folks. He said that likelihood now is that the Assembly will recess, come back on the 20th, and try again. Since the Legislature has adjourned without resolving the Edison/energy issue, the focus will now be at the CPUC, which is scheduled to rule on a rate agreement between DWR and the CPUC, Direct Access suspension, etc. at its August 23rd meeting. Best,
Answer: California Update 07.26.01--Assembly Pulls Plug on Bailout
Here is an email: Last week you were sent an EWS Human Resources survey. Your input is very valuable to us. Please take a moment to complete this survey by Friday, June 15th. Please direct any replies to "EWS Human Resources" Please click on the link below. Experiencing technical problems? If this link does not automatically launch the questionnaire: 1. Launch by copying the link into your browser, or 2. If you continue to have technical difficulties, please send an email message to confirmit@enron.com 3. Please do not forward this link to anyone else, as it is unique for each respondent. Thank you
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A: EWS Client Satisfaction Survey - Reminder
Q: Here are the picks for the week. If you want to use the spreadsheet to see the results of the games as they are being played, enter a "W" (no quotes) in the column above the winning team name (Row 5) and the winning points will total in Column G. You can also do points lost by unhiding Column H and entering an "L" in the column above the name of the losing teams. Last person standing team votes are: New York Giants Oakland Raiders Philidelphia Eagles San Francisco 49'ers and Barry Bonds
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A: Picks for this week
Here is an email: John: I was reviewing an amendment that Susan bailey was working on concerning the ISDA Master between ECC and Petro Canada and wanted to make sure that you were comfortable leaving as is the following provisions that are in the Schedules: 1. They have amended the definition of Specified Indebtedness. I'm not sure I understand why if we have a threshold amount they need the first part of the language and wanted your thoughts on this. Alos, does the second part of the language need to be updated or revised in any manner? 2. They have deleted the concept of Credit event Upon Merger. 3. They have added to Specified Transaction a Physical Master Agreement which makes this part of the cross default to specified transaction Event of Default trigger. Should we specify a threshold? 4. They have added an additional termination event that contains some unusual ratings triggers. For example, are we rated by the 2 bond rating services that they describe, and if not, doesn't that trigger clause (2) of this additional Termination Event? I don;'t think the cure language works and I don't understand how it works with the collateral threshold since the trigger for that to go to zero is something else. 5. I'll just note that setoff rights do not currently apply if there is a Termination Event that is caused by Tax Event or Tax Event Upon Merger. 6. In the CSA, we have permitted cash and government securities which I think is problematic given our general rule in Canada that we only take LC's. 7. There is a Minimum Transfer Amount of $500,000. Please call me when convenient to discuss further. Carol
What is a potential subject line for this email?
A:
Petro Canada