IN: This is an email
I spoke to John O'Shea today regarding Dynegy's continued due diligence for the pipelines. We have scheduled an all day working session this Thursday beginning at 9:00 am (at Enron Building but room not confirmed). John will email to me tomorrow his due diligence requests. In addition to commercial items, he would also like to cover operations and regulatory items. Please make every effort to attend or designate a representative. Drew, not sure who we need on the regulatory side? Thanks,

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OUT: Dynegy due diligence
QUESTION: Dick: Sorry that I didn't have a chance to call you again today. After reviewing the appendix (Board resolution summary), I would like to request an opinion from EWEB's bond counsel that swap/other transaction payments are payable from the Operating Fund (together and in parity with other operating costs) and precede EWEB's debt service payments. Also, can you please describe EWEB's Master Resolution (relevant to long term bonded indebtedness) as this is to be referenced in Larry Cable's legal opinion. I will be back in the office on Tuesday, Jan. 2. Have a happy new year. Thanks. Sara
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ANS: bond counsel opinion
Please find attached Fritz' revisions to the optional EEI contract provisions that incorporate our discussions from August 7. Let either me or Fritz know if they accurately reflect your understanding of the those discussions. I'd like to post these to our website soon.
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answer: Revised Optional Language
Hey Don, I need a little bit of info. What time can the Mapp machine/printer go down the move weekend and how long can it stay down? John: We need to meet about this. My office is open anytime, let me know.
Answer: Mapp machine
Here is an email: BUSINESS HIGHLIGHTS East Power Origination On Friday, June 15, the Development Review Committee for Deerfield Beach, Florida, unanimously approved the 510 megawatt peaking power plant proposed for their city. This approval followed on the heels of approval of the Developer's Agreement by the Deerfield Beach City Commission on Thursday, June 14. Enron Industrial Markets On Friday, June 8 Enron Industrial Markets closed transactions with Huntco Inc. under which EIM will provide inventory management services and will eventually provide more than 600,000 tons per year of hot-rolled, cold-rolled and galvanized steel products to Huntco Steel. The EIM project team developed a creative, 15-year structure that enhances Huntco's liquidity, reduces working capital requirements, and hedges their inventory position against directional price risk. In addition, EIM structured the acquisition of Huntco's cold mill and certain coil pickling operations. A special purpose vehicle funded by third party equity now owns the assets, which continue to be operated by Huntco under an O&M agreement. As part of the transaction, EIM purchased a 20-year call option on capacity at the cold mill located in Blytheville, Arkansas. These transactions with Huntco signal a fundamental change in the way steel is bought and sold in the United States. They give Enron immediate access to physical steel and position Enron geographically to serve the steel industry in a variety of ways. Consummation of the Huntco transactions would not have been possible without the contributions of multiple Enron groups who enhanced value to Enron while significantly mitigating risk. IN THE NEWS "Mario Max Yzaguirre, a former Enron executive, was appointed Wednesday by Gov. Rick Perry to the state agency that is overseeing electricity deregulation in Texas. Yzaguirre was named to replace Judy Walsh on the three-member Public Utility Commission of Texas. Yzaguirre, of South Padre Island, recently resigned as president of Enron's Mexico operations. He formerly worked as a lawyer at Houston's Vinson and Elkins." -- Houston Chronicle, June 14
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A: EnTouch Newsletter
QUESTION: FERC today issued Draft Orders denying rehearing in the following: Kern River, CP01-31 (2002 Expansion Project) Rejected arguments of the Firm Customers that the project should not have been approved or, alternatively, the rights of the expansion shippers at Wheeler Ridge should be subordinate to those of the existing shippers. PG&E Gas Transmission, NW, CP01-141 (2001 Expansion) Rejected Newport Northwest LLC's assertion that requiring the expansion shippers to pay a fuel cost surcharge to recover any incremental fuel costs due to the additional compression approved for this project is contrary to FERC precedent and the policy statement on expansion facilities. These orders should be issued within the next few days, and we will circulate copies. Let Melinda know if you want to see the draft copies before then (they are not available electronically).
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ANS:
FERC Draft Orders on Kern River and PG&E Projects