Jim, I can assure you that neither John or myself are trying to attract blame or "cover our backsides"; however, I do believe that there is/was a genuine breakdown in communication somewhere in the deal team, accounting and the desk. As well, it appears that this is not completely a black and white issue and can legitimately attract a number of points of view. As executives of this company, you, Brian, Tim and Tom absolutely were responsible to ensure that all aspects of this transaction are managed correctly. Nevertheless, I think it is amazing we have not had more problems with this divestment given the size, complexity, time and how intertwined it is into the overall framework of ENA. I appreciate your candor and the unselfish maturity to bring to the trading floor. I look forward to working with you as we continue to build our Texas and gas business. Regards
Q: What is a potential subject line for this email?
answer: Bammel Storage Cushion Gas Issue.
Steve - Bob asked me to forward the attached amendment to the Fee Agreement to your attention for review and comment. The amendment deals with the addition of North American Emissions to the suite of products that Amerex can access on Broker Client. As there is no fee being paid for this additional product, we are considering access to be on a "trial" basis. When the Fee Agreement is renewed, fees for all products can be further disussed. Please take a look at the attached and circulate as you deem appropriate. If you should have any questions or need anything further, please let me know.
Answer: Amendment to Fee Agreement
Here is an email: Attached is a draft of a swaption based upon the term sheet reviewed the other day. Elizabeth has not reviewed yet and I still have some lingering questions. ss
What is a potential subject line for this email?
A: Financial Swap
Q: As you will note from the email address, my last name is Scott. If that is not enough information to derive my number I will have to question the level of intelligence I had previously afforded you. However, as I hate having my illusions shattered, I'll save myself from possible disappointment and just give you the number...ext. 31455.
Propose a subject line
A: The Joys of Marriage
IN: Please let me know who handles this one. Our power trader is Joe Wagner (X33143) and the draft should be emailed to John Porter: japorter@tva.gov Joe would like an update. John Porter will direct to a TVA lawyer. Thanks. Sara

Generate a subject line.

OUT: Tennessee Valley Authority - ISDA Credit Worksheet
IN: This is an email
Mary: I hear through the grapevine that we may be trading through Bank One. In any event, we need to add all of the executed agreements to the Lotus Notes database. Samantha should be able to handle this for you since she maintains and updates the brokerage reports and keeps the files near her desk. Thanks. Sara

What is the subject?

OUT:
Give up Agreement and Futures Agreement with Bank One