Q: Caroline: You should have already seen the two ISDA's (Valentis, CD Holdings) emailed yesterday evening per your instructions. I am still waiting for you to send information regarding inhouse/outside legal counsel for both parties. The Schedule and Paragraph 13 sent to Valentis et al is very much like the hedge fund template which legal is refining. We are reviewing the first draft and commenting. FYI - I will not be in the office on Friday, April 27. Also, the Enron legal conference is next week and the lawyers will be in San Antonio from May 2 (afternoon) through May 4. And finally, I will be on vacation during the week of May 7 - May 11. Please try to make plans (conference calls, counterparty comments, etc.) accordingly. Let me know if you have any questions. Thanks.
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A: hedge funds
IN: FYI. Ken Lay asked to have the pitch that he's been making California be quickly put into a few power point slides for use in meetings he's having this week at the gathering of the Business Council (back East) with a group of California CEOs (e.g., Sun, Chevron, Amgen, Bechtel and others). This is the version that we gave to Lay's office; he may have modified it. Will check with Rosalee to get the final and distribute that version if changes were made. Best,

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OUT: Presentation for K. Lay to CEOs re: Proposal K. Lay's Been Making in California
IN: This is an email
Lorraine, here is the letter. You will need to fill in the address; otherwise it's ready to go. Let me know if you need anything else (including initialling).

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OUT: Red Cedar letter
QUESTION: Hey, we just got word that all permanent change of station moves have been suspended. That probably means that we will not be able to leave Korea tomorrow as scheduled. No word on when that may change, but we will keep you posted.
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ANS: just got word
Please find attached a revised draft of the Request for No-Action Letter. We have also attached a redline showing the revisions made to the previous draft. Sincerely,
Q: What is a potential subject line for this email?
answer: EES Draft Request for No-Action Letter
President Lynch has today released the attached ACR concerning market valuation of the utilities retained assets. As you may know, AB 1890 originally required that for those generation-related assets that the Commission determines to be transition costs and that are subject to valuation, "the valuation used for the calculation of the uneconomic portion of the net book value shall be determined not later than December 31, 2001, and shall be based on appraisal, sale, or other divestiture." Lynch states that this requirement was changed by AB 6X and that, "I intend to recommend to my colleagues that the requirement to value generation-assets subject to valuation by December 31, 2001 has been superseded by AB 6X. Parties shall file and serve comments addressing this issue by January 15, 2002. Reply comments shall be filed and served by January 25, 2002." Dan
Q: What is a potential subject line for this email?
answer:
Lynch Ruling re Market Valuation