Have you heard any more about this? I didn't see it on my calendar. This does conflict with Philippe's Thursday staff meeting I believe. Maybe Philippe will cancel that. Let me know. Thanks. --Sally
Answer: Lite Bytz Panel Discussion
CONFIDENTIAL ATTORNEY/CLIENT INFORMATION NOT DISCOVERABLE Two years after PCA's bankruptcy, we received a demand letter from PCA. PCA claims that EPMI owes PCA $15,126,445.16 for damages resulting from EPMI's wrongful termination of transactions in June 1998. This amount appears to be based on PCA's calculation of the forward values of the terminated trades, and certain "preference payments" that PCA claims were made to EPMI. This claim is in its preliminary stages. I will update you with further information as soon as we get a handle on what the Trustee is really seeking. As you will remember, we currently have a proof of claim pending against PCA for over $5 million dollars representing our unpaid receivable amount. Bill In connection with this matter, it would be very helpful if you could have someone gather the following information: 1. Date and amount of last payment made by PCA, splitting the relative net amounts owed to and from EPMI (I would assume that payment for April deliveries was made - accordingly, I would assume that the last payment we received from PCA would have been around May 20th). 2. Total amount of MWH delivered to PCA but for which PCA never paid for. 3. The details of how you calculated the net MTM exposure of the terminated transactions (pursuant to an email to me dated July 27, 1998 you had calculated the MTM as of July 7, 1998 at $3,772,939) As always, thanks for your help.
Answer: PCA Demand Letter
Richard Sanders has asked me to set up a meeting regarding the above referenced. The following participants are: Lisa Mellencamp Mark Peterson John Hopley John Enerson Richard Sanders It looks as though, this Friday, Aug. 13. at 2:00 will be a good time for everyone. Please let me know if this time is convenient for you. The location will be 38C1. (I tried to contact you by phone today, but your extension 31406 was forwarded to a non working number). My extension is 39402, if you wish to call me. Thanks
Answer: Noram Rigs
Corporate comp is relooking at your contract based on our converstion..ieyou would be entitled to severance payment eqyual to 2 year salary and bonus should you decide to leave the company provided that all or substantially all of the Azurix assts other than ?Wessex and Azurix Bu7enos Aires are sold. I will meet with Jim Derrick today to discuss John Ale. With regard to Beckett and Glasford; their agreements provide for retention bonuses provided they stay until September 16th. If they voluntarily leave before that they get nothing. There is no employment agreements in place that link anything to comparable positions titles or anything else. Should we move them over to Enron in Director positions and they are subsequently offerred positions elsewhere in Enron ( once we dispose of non-Wessex and ABA assets) at Director positions, then they have a choice of accepting those positions or voluntarily terminating. Since there is no contractual agreements with these two I do not want to offer any kind of enhanced severance payments to them. I have contacted Ben Glisan regarding Glasford and he is polling his people about their view on an appropiate placement for him. I will talk with you when you return. Thanks.
Answer:
Employee issues