Jeff, I don't believe the offer I showed you of $39 M is unreasonable. In fact the team had recommended $42 M based on a number of measures. I see the 6X multiple of annualized Q2 earnings as one of the best measures of the potential value of this company. I don't see it in the best interests of Enron to be transferring assets below a reasonable market value between business units. You can trust that I will be keeping the Energy Capital Resources team's feet to the fire on the realization of this value if you do not purchase the company. If you and Steve can come up with a better indication of value, I will support that transaction. Regards
Q: What is a potential subject line for this email?
answer: C-Gas
It is my understanding, as much as anyone knows it today, that between now and January 2, 2002, we do not have to post any collateral or other payments (other than payment for commodity) to keep contracts we want to keep alive. Dan and Janet are meeing with McMahon today at 2:00 to discuss our overall strategy. Can you confirm back to me the above comment. Thanks
Q: What is a potential subject line for this email?
answer: Collateral
Lucy Ortiz on the confirmation desk is awaiting your response re: my e-mail of 10/11/99. Please let us know when you have determined the appropriate counterparty. If you have any questions, please call. Thanks. Sara
Q: What is a potential subject line for this email?
answer: Catalytica spark spread
Please begin to develop a list of issues (your top ten) that we need to be worrying about in ETS for 2002. We will jointly develop your lists into a larger list for ETS. I would like to think you caould have this done by the end of next week.
Q: What is a potential subject line for this email?
answer:
2002 Issues