This note is to confirm that Gary Hickerson has requested your attendance at the EGM Organizational Post Petition meeting on Wednesday, February 20 from 9:00 a.m. to 9:30 am in ECN 30C1. Following the meeting the EGM Asset Disposition meeting will take place from 9:30 a.m. to 10:30 a.m. in ECN 30C1. Please plan to attend or use the dial-in number shown below:
Answer: REMINDER --EGM Org Post Petition Meeting
Further to our conversation, please see attachment regarding warranty and netting. Disregard the section on "Non-Warranted Gas" as this does not apply to our negotiations. Netting. In the event that Buyer and Seller are each required to pay an amount in the same Month hereunder, then such amounts with respect to each Party may be aggregated and the Parties may discharge their obligations to pay through netting, in which case the Party, if any, owing the greater aggregate amount may pay to the other Party the difference between the amounts owed. Best regards,
Answer: GISB
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Answer: Intercontinental Staffing Group
Confidential - Attorney Client Privlege Please give me your thoughts on the attached proposal to resolve the "dangling chads" with AEP. I have attached the proposal and a "value analysis" of the proposal, both of which I propose to send to AEP. The key benefits of the proposal from Enron's perspective are the following: 1. Removes us from the vagueness and uncapped exposure of the Ducote deal with Entex for additional costs. AEP can capture the economics of future gas deliveres to Entex associated with this capital expenditure. 2. Captures the leverage that AEP will have in the Entex audit. I think for ENA to pursue Entex would be difficult/time consuming and may lead to a tortious interference suit from AEP. 3. Gives up the interest payment we think AEP owes us. This is true value we are giving up, but do we really want to fight with AEP in court over this (to the extent they are not bluffing)? 4. Removes us from having to process imbalances - saving manpower costs and further removing us from hassles with AEP. AEP is better able to capture value from these imbalances then we are, since they have the pipe. 5. Gets us out of the Coastline law suit. I'm pretty sure Coastline is at least owed the $1.4MM that we would contribute. AEP has a chance to minimize any further costs, which are capped by the value of the claim at a further $2.2MM. Please do not circulate this. Thanks,
Answer:
CHAD - Attorney Client Privlege - Confidential