Enjoyed meeting with you this morning. If in fact the UBS merger requires fewer than the 800 or so people currently slated in NetCo, I think it would be a good idea if a couple people from NEWCO could take a look at those people (especially from a risk management/scheduling perspective.) Speak with you soon
Q: What is a potential subject line for this email?
answer: meeting
The SO2 Emissions Credits Inventory transaction with Barclays Bank PLC has been extended for 12 more months as of yesterday, November 6. Barclays has arranged a facility of $170 million, of which $158 million was used as of yesterday. As a condition of extending the term past yesterday, Barclays required collateral in the form of a cash deposit or an L/C from an acceptable bank. We have posted cash until L/C lines become available. The cash raised, net of collateral posted, was approx $98 million, with capacity to put more SO2 credits into the facility. The facility allows Enron to raise cash off-balance sheet without leaving us with short positions in our SO2 book. As a condition of Barclays accepting cash collateral instead of an L/C, we amended the Swap Master between ENA and Barclays PLC to reduce the number of days to pay to avoid a payment default to one business day from three business days after notification by Barclays. This amendment automatically reverts back to the original three business days immediately upon Enron posting an L/C to replace the cash collateral. Further, Barclays has agreed to review the need for collateral in six months, such that if our credit situation improves sufficiently Barclays will release the collateral while leaving the facility in place. The terms of the transaction allow EGM to sell SO2 Credits into the facility and call back the credits on one day's notice multiple times over the next year. We pay interest expense in advance as a call option premium; if we call any credits back early, however, we receive a refund on the unused interest expense. The upfront fee was 50bp on $170 mm for the year (though we really have 13 months) and the spread is 65 bp. Please contact Soma Ghosh or me if you would like further updates. On behalf of Soma Ghosh and Jim Lewis
Answer: SOX Financing Update
Here is an email: Mr Fletcher: Per the request of David Jones, attached please find a revised version of the Master Firm Purchase/Sale Agreement between Enron North America Corp. and Yankee Gas Serives Company with incorporates your comments. Also attached is a letter amending the Letter of Understanding which moves the deadline for entering into definitive agreements to December 3, 2001. Please secure execution of the letter and return to Jeff Hodge at fax number (713) 646-3490. He will secure execution on behalf of ENA and fax you the letter. Should you have any questions, please page me at (713) 761-4336.
What is a potential subject line for this email?
A: Documents
Q: In a meeting with Louise Kitchen today, she mentioned that Bob Superty was very impressive in a presentation that he made to the Peoples Energy Board of Directors on Wednesday. She was very complimentary. I have let Bob know about Louise's praise. Thought that you would like to know as well.
Propose a subject line
A: Peoples presentation
IN: We are planning on the following schedule for the upcoming business review in Omaha. The goal of the meeting is to encourage discussion about the focus and direction of each of Northern's Marketing teams rather than simply presenting material. With this in mind we are planning to have smaller meetings and divide the discussion in to four sessions. In additon to Stan, Dan, Rod (if available) and myself, we will have only those people listed below at each session. 10:00 - 11:15 - Topic: Power, Business Development and Acquisitions (plus long term South End Strategy) - Participants: John Dushinske, Mike Stage, Chuck Wilkinson, Mike McGowan, Shelly Corman 11:15 - 12:00 - Topic: LDC Accounts and relationships - Participants: Bill Fowler, Frank Semin, Bob Stevens 12:00 - 1:00 - Topic: Overall Commercial / Regulatory Strategy (SLA, 637, Rate Case) - Participants - Mary Kay Miller, Steve Kirk, Kent MIller, Drew Fossum, Shelly Corman 1:00 - 2:00 - Topic: Storage, Pricing & Structuring, Risk Management - Participants: Kent Miller, Jo Williams, Sue Neville, Lee Ferrell We will follow up with a more detailed outline prior to the meeting. Please let me know if you are unable to attend. Thanks,

Generate a subject line.

OUT: Schedule for June 21st business review in Omaha.
IN: This is an email
Brent: attached is a draft memo that Lynn and I prepared. We would appreciate your comments. Also, who else do you think should be a recipient of this memo? Should we prepare a separate "Action Plan" or strategy to submit to Mike? You may recall in our meeting of Friday last that Mike committed to assess the long term situation in BA (at least I think that's what he agreed to do) and we (foolishly) committed to prepare a review of our activity in BA. Maybe we can discuss on Friday morning at 9 am (Houston)/12 pm (BA). Let us know if you have any questions. I believe that Lynn is in a seminar on Thursday. Sara

What is the subject?

OUT:
Draft Trading Memo