IN: This is an email
We finally found the right person in the KN Energy organization for the 18 dth Carlton Obligation. KN will nominate today for Gas Day 26th going forward. We told KN that they will have a penalty of $25.00 per dth for each day they did not nominate. 18 dth x 25.00 = $450/day x 3 days = $1350. We also told them we have been leaving messages since Saturday. We left messages at 3 different offices. KN admitted to seeing the posting but "did not understand" the obligation and they did not call for clarification. If you have any questions, please let John (Ext. 7429) or I (Ext. 7637) know. Thanks. Lynn

What is the subject?

OUT: Carlton Resolution

IN: This is an email
Below please find a summary of recommendations from a meeting held Tuesday between Chip Schneider, Joe Deffner and Wes Colwell. It is contemplated that these or similar recommendations will be implemented to control capital and other expenditures related to transaction development within the Americas: Regional Managers within the Americas (East, West, Canada, Mexico, South America) shall be generally accountable for capital expenditures and other expenses associated with transaction development in their respective regions. The Regional Manager shall designate one Transaction Leader (Director level or higher) for each individual transaction under consideration and shall be accountable to the Regional Manager. The Transaction Leader or Regional Manager shall be the only parties authorized to obligate Enron or its affiliates under any contract or to transfer money. Legal shall provide copies of all draft documents to Accounting, Global Finance and Underwriting. The Deal Leader shall be responsible for drafting initial DASH, seeking buy-in from management and establishing a time-table for expenditure approval. The initial draft of the DASH and economic model shall be provided to Underwriting at least ten business days prior to any movement of money (more time may be necessary if financing or ENE BoD approval is required). Legal shall provide a final Legal Risk Memorandum to Underwriting prior to circulation of DASH. Global Finance shall provide a final FASH to Underwriting prior to circulation of DASH. Underwriting shall be responsible for DASH circulation. Underwriting shall promptly provide Accounting with fully executed DASH to set approved budget limits. Accounting shall keep records of all expenditures, maintain responsibility for approved budget compliance and sign-off on all contracts and money transfers prior to execution. Let me know what further thoughts you have. Regards,

What is the subject?

OUT: Update: Recommendations from 9/18 Meeting on Transaction Expense Controls / Delegations of Authority

IN: This is an email
Thank you for a very successful holiday party. Debbie and I thoroughly enjoyed the evening. Your hard work definitely paid-off for our entire organization. I would like to host a lunch for the committee, after the holidays, as a way of thanking you. I will have Cindy coordinate your schedules.

What is the subject?

OUT:
ETS HOLIDAY PARTY