QUESTION: Greetings Folks: Any chance of finalizing the California tariff Monday morning (have a call, say, 7:30/8:00 AM PDT)? Let me know. Hope all's well with all. Best,
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ANS: California Tariff
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.
Q: What is a potential subject line for this email?
answer: New Legal Team to Assist RAC
I've tried sending this 3 times. Please see if you can figure out the problem. I've used the autoaddressing and his long internet address. If all else fails, just print and have it delivered, I guess, or send it to his assistant. Thanks,
Answer: Confidentiality agreement
Here is an email: Attached is a document relating to confirmations and settlements functions, opportunities, and key dates. Let me know what changes you would like to see and we can incorporate into the document. Thanks, Leslie
What is a potential subject line for this email?
A: NETCO presentation
Q: Jon, how are things going these days? Are you going to stay in Houston? Did you get a job with UBS? How is the job search going for your girlfriend? So many questions... Things have been going okay up here, other than the fact that we have to look for summer jobs. Christmas holidays back home were definitely fun, but I missed talking to you. I went back to visit the office a couple of times, and Lambie and I managed to get out for an afternoon sporting clays shoot and a couple of beers. Since getting back here, I have had the opportunity to go skiing and play hockey a number of times. Classes are okay, but could be a lot better. We are currently taking marketing, strategy and corporate finance. The corp fin course is cool, and we learned a little bit about real options and valuing debt and equity using black-scholes modeling. That stuff if pretty interesting, and I think that I am going to try and get a summer job doing corp fin with a company. We have a big hockey tournament here this weekend which should prove to be fun, and the olympics also start. I can't wait to watch the Canadians kick a little Yankee ass at hockey. I have also planned a trip to Costa Rica for a couple of weeks in March, where I will hopefully spend a little time on the beach and meet a couple of sweet latin american girls. Anyway, hopefully all is well down there for you. I am interested in hearing how things are going for you. Take Care. Jeff
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A: Checking In
Here is an email: Send to your favorite counterparty. Enron Receives Dynegy $1.5B Cash Infusion Tues. >DYN ENE By Christina Cheddar 11/14/2001 Dow Jones News Service (Copyright (c) 2001, Dow Jones & Company, Inc.) NEW YORK -(Dow Jones)- Dynegy Inc. (DYN) provided Enron Corp. (ENE) Tuesday with the $1.5 billion cash infusion envisioned in the companies' merger agreement, a Dynegy spokeswoman said. Dynegy received preferred stock and other rights in an Enron unit that owns the Northern Natural Gas pipeline in return for its investment. The cash infusion, which was made with the assistance of Dynegy's largest shareholder, ChevronTexaco Corp. (CVX), is aimed at providing Enron with additional cash liquidity to support its core energy marketing and trading operations. The rights provide Dynegy with the option to acquire the pipeline unit should the two companies fail to complete their merger. The deal, which still needs shareholder and regulatory approval, is expected to close within the next six to nine months. Dynegy is acquiring Enron for 0.2685 of a Dynegy share, or about $10 billion based on the recent price of Dynegy shares. The acquisition of Enron by its smaller rival follows a series of disclosures about Enron's financial dealings with partnerships run by some of its corporate officers. The dealings are under investigation by the Securities and Exchange Commission and at the center of more than a dozen of shareholder lawsuits. During the last month, Enron watched as its share price sunk to a small fraction of its earlier levels as shareholder confidence in the trading company evaporated. As credit-rating agencies began to cut Enron's debt ratings threatening the company's investment-grade status, the company scrambled to raise additional cash to shore up its balance sheet and protect confidence in its business. Industry experts viewed Dynegy's cash infusion as one way the companies sought to bolster confidence in the energy trader's liquidity, and protect its most valuable business. In a conference call earlier Wednesday, Enron said its core energy trading business has been temporarily hurt by the uncertainty created by recent events. According to Dynegy spokeswoman Jennifer Rosser, the preferred stock Dynegy has received for its investment in Enron is convertible into the common stock of the Enron pipeline unit. Dynegy also has the right to convert the preferred stock into Enron shares if it desires, the spokeswoman said. For example, if Enron were to cancel its merger with Dynegy in order to accept a higher bid from another suitor, Dynegy might decide to convert its preferred shares into Enron stock in order to reap the profits created by an increase in Enron's stock price, Rosser said. In either case, Dynegy wouldn't be required to pay any additional consideration. Dynegy was able to make the cash infusion after ChevronTexaco, of San Francisco, made an investment in Dynegy. If the acquisition closes as anticipated, ChevronTexaco, which owns about one-fourth of Dynegy, plans to make an additional $1 billion investment in the combined company. ChevronTexaco also has the right to purchase an additional $1.5 billion in Dynegy stock in the first three years following the close of the acquisition. Enron officials said they are monitoring the energy market's reaction to the cash infusion, and hopes it will restore the confidence of its counterparties. Enron remains on a credit watch at the credit-rating agencies. Moody's Investors Service and Standard & Poor's each have Enron rated one notch above speculative grade.
What is a potential subject line for this email?
A:
Enron Receives Dynegy $1.5B Cash Infusion Tues. >DYN ENE