Mark and Paul: Have either of you ever reviewed clearinghouse rules with respect to clearing members for the exhanges on which we trade (in an effort to analyze our risk with respect to our brokers)? If the answer is yes, could I have copies of any memoranda? Please let me hear from you or whomever may have reviewed this issue. Thank you. Sara
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answer: global futures exchanges
Cary, I have reviewed Mary's comments on the Nipsco contract. She makes some good points and it would be nice for Nipsco to make those changes. If Nipsco will not make the changes, I still think it is acceptable for enovate to sign the agreement. Stacy
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answer: Nipsco Contract
I understand that Ashley Worthing has been hired by Enron to start work this summer. I think that she is graduating from Texas A&M. She is my cousin's daughter, so I am just curious whether or not she is coming in as an analyst. Please let me know if that is the case. Thanks.
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answer: New Analyst
Hi Dan, One more thing I want to mention. As you know, Enron has a confidentiality agreement with a competitor of Fuel Cell (I believe it is ONSI). The agreement has an exclusivity arrangement, which prevents the other company from chasing certain transactions without Enron. Once we really know what we are going to do with FCE, will it be necessary/advisable to waive the exclusivity provision to avoid any restraint of trade arguments? FYI, When I last discussed the other company with Ozzie and Heather on Friday, they were planning on calling the other company to tell them the general status without violating confidentiality obligations to FCE or CRRA. I will follow up to get the details of the discussion. Kay
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answer:
FCE/Confidential