We now have a fully executed Master Firm Purchase/Sale contract between ENA and ENA Upstream. I am forwarding the originals to Gerald Nemec, and he will get a copy sent to you. The confirmation language states that "Any Transaction may be formed and effectuated (i) by a written paper-based Transaction Agreement executed by the Parties...or (ii) in a recorded telephone conversation between the Parties..." Therefore, per Gerald, we can discontinue preparing paper confirmations between the two Enron entities. Please let me know if you have any questions or concerns. Thanks,
Answer: ENA to ENA Upstream Master
We're in the process of developing a strategy to take us through the next few months. But while the (otherwise perishable) thoughts are still fresh in my mind from the hearings on Monday and Tuesday, I wanted to throw out some observations for discussion in the days/weeks ahead. OBSERVATION--The pressure to finger somebody for "price gouging" is
Answer: Observations on the Hearings this Week
In order to terminate the referenced agreement we need to provide notice 180 days in advance of the end of the primary term or any annual extension. Based upon a May 1, 1997 in service date for the Havasu facililties, the primary term of this agreement terminates on April 30, 2002. We need to provide notice by October 31, 2001 of our intent to trigger the ROFR process (see attached). Please let me know if you have any questions. Stephanie
Answer: El Paso Agreement 9E3x -San Juan to Valero
So far I have not received comments from anyone on the attached. If you think it would be productive to get everyone together (possibly as early as Friday?) for about an hour to discuss capacity options, I will set up a meeting. Please let me know one way or the other. Thank you.
Answer:
Capacity Options on TW