Here is an email: Wow! Enron employees and other Houstonians are showing such generosity! The response to the blood drive has been outstanding. Employees from Continental Airlines and other surrounding corporations have come to our blood donation site to give. Blood Center personnel have informed us that because of the overwhelming response donations are now being taken on a first-come, first-served basis. The Blood Center is attempting to keep appointments on schedule. However, we ask for your patience and understanding if there is a delay. It is indeed gratifying to witness your continued generosity to the community and beyond.
What is a potential subject line for this email?
A: Blood Drive Update
Q: Here are my notes from today's call. As with Monday, I've focused on getting them out as quickly as possible rather than taking extra time to re-organize them by subject. Enron's business has been grouped into three buckets: Core, Non-core, and Under Review. Core: Wholesale energy business in North America and Europe, retail energy, pipelines Non-core: Broadband, water, and international assets (i.e. EGAS). Enron has approx. $8Bn in investments in these assets, and they have produced 'dismal' returns. Enron will be exiting these businesses and will attempt to wind them up in an orderly fashion. An aggressive divestiture program has been set in motion for these assets. Under Review: EGM, EIM. These businesses are being closely examined to determine whether they have a reasonable chance of long-term viability. Required resource levels are being carefully studied. Following review, Enron will move the different portions of these businesses to core or non-core as the analysis dictates. Approximately $800MM of asset sales are under contract and expected to close in the fourth quarter. These include a gas LDC in Brazil, EcoElectrica, and our Indian E&P assets. Enron is in active pursuit of an additional private equity infusion of $500MM-1Bn. Given the current environment, raising equity in the public markets would be 'inefficient', McMahon says. Short-term liquidity is provided by the $3Bn of credit drawn upon a few weeks ago, the $1Bn of new debt, and the $1.5Bn equity infusion from Dynegy. Longer-term, the proceeds from the sale of PGE will provide liquidity. Asset sales over the next year will be used to pay down debt. McMahon described the major off-balance-sheet vehicles: Marlin was set up to hold Azurix assets. It was initially capitalized with $950MM of 144a debt and $125MM of equity (raised from Enron and institutional investors). The debt is supported by the equity and by Azurix' assets. Enron is obligated to cover any deficit at the time the debt becomes due on 3/17/03 (the 'Enron topup' obligation). The 3/17/03 date is accelerated in the event that Enron is rated below-investment-grade by any one of the three major agencies. The primary asset of Marlin is Wessex Water. As long as Wessex is worth at least $2.6Bn, there will be no Enron topup required. If we take a 25% haircut to present book value, Enron will have to provide $650MM in consideration upon retirement of the debt. This $650MM would hit Enron cash, income, and equity balances. Osprey contains energy-related assets and 'other assets'. It was initially capitalized with $2.4Bn of 144a debt and $220MM in equity (ENE and institutionals). As with Marlin, the entity is an asset-backed structure with an Enron topup guarantee. The debt is supported by a) the assets; b) $1Bn of convertible preferred ENE (convertible into 50MM shares of ENE common); and c) additional ENE common as needed for topup. Assuming the same 25% hypothetical haircut to current book value, Enron would have to deliver approx. $600MM of topup funds--which would hit ENE cash, income, and equity. The debt must be retired by 9/17/02, with the same cut-to-junk early trigger provision as Marlin.
Propose a subject line
A: Highlights from ENE Analyst Conference Call 11/14
IN: Karen, I have reviewed the redline document that Debra Perlingiere spent time on. It is not a finished product and needs a great deal of work. I will continue to work on it. Apparently the redlining must have been confusing and I need to start fresh. I will try to get the redline to you as soon as possible. If we need to put something in place before the contract is executed, maybe we can document the transaction under the existing GISB contract currently in place between the parties and agree that the transaction will be rolled up under the new master once the Master is executed.

Generate a subject line.

OUT: Wisconsin Public Service Corp. proposal
IN: This is an email
You have many questions about how the bankruptcy will affect you personally. The HR team is endeavoring to answer these questions. Due to simple logistics, answering each question individually is very difficult. We are working to solve this issue by compiling answers to the important questions concerning employee benefits, expense payments and so on. Answers to the most frequently-asked questions will be posted on the corporate website at www.enron.com. Click on Information for Enron Alumni Affected by Chapter 11 Filing </corp/alumni/> . These Q&A Facts are regularly updated as soon as accurate and factual information is received. In addition, we will have updates on 1-800-97-ENRON. (Option 9) If you have questions that have not been answered, please submit them to the following email address: questions@enron.com A team of people will be answering these questions and posting answers on the above sites as soon as possible. The HR team will also be posting initial Q&A's within the next few days on www.home.enron.com for our current, retained employees. Thank you for your patience as we work through the complexities of the situation. Julie Kearney 503) 464-7404 julie.kearney@enron.com

What is the subject?

OUT: Q&A Process
QUESTION: Ladies and Gentlemen: At Troy's request I am forwarding Questia's 2001 Balance Sheet. Please let me know if you have problems opening the document. Thank you.
Propose a subject line for this email?
ANS: Questia 2001 Balance Sheet
IN: Wow! Enron employees and other Houstonians are showing such generosity! The response to the blood drive has been outstanding. Employees from Continental Airlines and other surrounding corporations have come to our blood donation site to give. Blood Center personnel have informed us that because of the overwhelming response donations are now being taken on a first-come, first-served basis. The Blood Center is attempting to keep appointments on schedule. However, we ask for your patience and understanding if there is a delay. It is indeed gratifying to witness your continued generosity to the community and beyond.

Generate a subject line.

OUT:
Blood Drive Update