QUESTION: Here's one for you to chew on for awhile. As we approach the transition to a new organizational structure in ET&S, let's rethink the role and competencies of the legal department. I'd like each of you to answer the following questions and circulate your answers to me and each other. To avoid having anyone's answers unduly influenced by anyone else's, please send your responses at 12 noon on Thursday. No, this isn't being graded, and doesn't affect the PRC process or any other process. I just want to get access to as much original thinking as possible. 1. What is the ET&S law dept. currently best at? (give one example). 2. What is the ET&S law dept. currently worst at? (give one example). 3. Without regard for any past objectives, what should our top 3 objectives be? (make these very specific--objectives like "We should manage legal and
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ANS: New ET&S Law Objectives

QUESTION: Please note the following schedule for risk book reporting during the holiday period: Trade Date Enron Status NYMEX Equity Market Consolidated Risk Reporting Fri, 12/22 Open Early Close Open DPR published for 12/21 results (a) Mon, 12/25 Holiday (b) Closed Closed DPR not published Tues, 12/26 Holiday (b) Open Open DPR not published (c) Wed, 12/27 Open Open Open DPR published separately for 12/22 & 12/26 results Thurs, 12/28 Open Open Open DPR published for 12/27 results Fri, 12/29 Open Early Close Open DPR published for 12/28 results (a) Mon, 1/1 Holiday (b) Closed Closed DPR not published Tues, 1/2 Open Open Open DPR published for 12/29. Normal month end schedule applies. (d) (a) Trader P&L and Position reports will be produced for traded products at close of business (b) US, Canadian & London holiday (c) Logistics and risk personnel will be in the office on this holiday to support trading activity (d) Monthly close procedures require that changes or adjustments to risk books for month-end be submitted by 5:00 pm Houston time on the first business day following the end of the month. The DPR published on 1/2 for 12/29 results will be preliminary. The final DPR for 12/29 should be published on 1/3, assuming that all month-end adjustments have been received on 1/2.
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ANS: Publication Schedule for DPR During Holiday Period

QUESTION: Did Debbie talk with the two of you before putting together her memo? Is she raising this to me because she wasn't comfortable with the outcome of her conversations with you two, or did she skip that step? Just curious, before I send any type of response. I would need details from you around the process for updates to Entelligence and Global Counterparty. Surely one feeds the other? --Sally
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ANS:
Information in Entelligence vs Global Counterparty