QUESTION: Gentlemen, I thought I would pull together a brief email outlining where we are on certain tasks. Here goes: Hub Agency Agreement - Gregg recently met with Peoples to discuss some of the outstanding commercial issues relating to the Hub Agency Agreement. Roy is putting together a summary of the outcome of that meeting. Gregg and I decided it would be better to not send Peoples the current draft of the agreement which has been circulated internally, but instead will send a draft which incorporates the outcome of these discussions. Memo regarding restricted activities - David has prepared a draft for Enron's review. Here's the draft: Gregg and I need to review it. Gregg and Peoples have been working on the grandfathered transaction list. Since both sides are running behind on this, David prepared a very straight forward amenment to the LLC agreement, exending the time frame for finishing the task. Here it is: Policies - Gregg "Policy Man" Penman has been working on a credit policy, cash management policy, risk management policy, and probably a couple of others I'm forgetting. Revolving line of credit - Gregg has been working the internal Enron system to get approval for a $50mm line of credit for MEH. He has raised the issue of Peoples needing to provide a guarantee for their half. Also, it may be necessary or advisable to document that the line of credit will be paid before any distributions are made to either member. This is still under internal review at Enron. I will check around to see if Corp (the lender) has a form of credit facility we should use. Miscellaneous: Decide about services agreement Confidentiality agreements Transfer pricing documentation Other agreements (ISDA, GISB, Peaking Agency, Third Party Master) Board resolution appointing officers/managers Budget and marketing plan Other administrative functions (per Gregg's Business Setup Items list) Hope this is helpful. Kay
Propose a subject line for this email?
ANS: Status of MEH activities
In accordance with my voice mail, attached is a revised version of the waiver letter for Janice. After you have a chance to review, please let me know if this OK. Thanks for your help. Elizabeth 36349
Q: What is a potential subject line for this email?
answer: Janice Moore Waiver Letter
Subsequent to our swap group meeting with Clement last week, I have discussed the issue further with Jeff Hodge, Peter Keohane, Russell Diamond and Clem. In addition to ENA, ECC is feeling the pressure of delays for obtaining corporate guaranties caused by increased guaranty requests, too few signers and insufficient legal staffing to handle the volume. Although Clem will have assistance soon, we concluded that it would be prudent to begin negotiation of a guaranty immediately rather than wait for the conclusion of the master agreement (or confirmation) negotiations. Please try to incorporate this approach, particularly with Canadian counterparties. Credit will continue to push our internal form of Enron Corp. guaranty.
Answer: Negotiation of the Enron Corp. guaranty
Here is an email: FYI, to date I have not had a response from my e-mail of April 3 to counsel for Calpine wherein I requested the name for a draft of the master. Would you like me to follow up with them? DP
What is a potential subject line for this email?
A: Calpine
Q: A few weeks ago I sent out an e-mail announcing Sean Crandall's departure from Enron. Upon further consideration, Sean has decided to stay with us. Please join me in welcoming him back from his European vacation.
Propose a subject line
A: Announcement
Here is an email: Kathleen, We have forms for confidentiality agreements. All CA's are processed through Kay Young, as she maintains the data base. Kay, could you point Kathleen to the repository of the forms so that she can generate the first draft? By the way, I've assembled the emails I received on changing the form. I'll be happy to take a crack at the revisions if you tell me which form to start with. I know it will have to be processed through before it becomes standard. Thanks,
What is a potential subject line for this email?
A:
Draft CA for curves