As requested at the 11 October PRC Committee, attached is a comprehensive overview of the proposed PRC process (360 feedback, PRC and bonus compensation) for year-end 2001, by Business Unit and Function. We look forward to comments, amendments or concurrence. In addition, as regards employment agreement provisions with target bonus amounts based on performance, we have included the bonus language contained in the majority of such agreements. Should you have any questions please don't hesitate to contact me, Gina Corteselli
Answer: PRC Year-end 2001
Deal # 271273 (New England) ended 9/30/01. I changed the start date for Deal # 835134 (TP-1) to 10/1/01 and flagged it as the primary desk. PAL Balance = 2,301 dths BF
Answer: IROQ - PAL contract
Chris/Louise =20 While our obvious near-term priority should be to execute trading agreement= s with key CPs and jumpstart our trading, it seems to me another high prior= ity should be to try to leverage UBS' investment banking/lending relationsh= ips to uncover incremental, near-term origination opportunities. Given the= many financial challenges facing the sector, in particular the merchant ge= neration sector (sinking share prices, capital squeeze, shoring of balance = sheets, etc. ), I think there are probably some interesting value plays we c= ould tap into combining our commodity skills with the financial services of= UBS Warburg. You've probably already covered this, but I was thinking tha= t a strategy meeting in the near future with some of their folks in Stamfor= d would make sense in order to assess what low-hanging fruit there might be= within their investment banking/lending relationships. This might be a me= ans for our origination group to deliver greater value to the bank than wha= t we could otherwise be able to accomplish given the startup leadtime and i= nternal risk constraints we will likely face. I would be very interested i= n discussing this further with you. =20 Regards
Answer: Leveraging UBS' financial services
Joan, Attached is the Letter Agreement for St. Mary's Production LLC. According to Charlie, St. Mary's production is being delivered at the same points as is the Hunt Southern Louisiana production. Therefore, the St. Mary's letter is identical to the Hunt letter which Charlie is sending to Hunt today. If this is not the case, please let me know and I will modify to fit the terms of the St. Mary's deal. Otherwise, please print off as many originals as you need and send them to St. Mary's for their execution and return. Please call if you have any questions.
Answer:
St. Mary's Letter Agreement