Clem: Attached to the end of this string of emails is the Bear, Stearns & Co. ("Bear") form of guaranty. My only issue is with Section 1. Consents, Waivers and Renewals of the Bear guaranty which Bear insists upon . Although Bear will agree to the Enron form of guaranty, our Par. 4 Setoffs and Counterclaims problematic in light of Bear's waiver provision. I'd like to discuss with you. ENA has agreed to a Securities Lending arrangement with Bear and the ENE guaranty (capped at $25million and restricted to ENA's arrangements with Bear) is part of that "package". FYI, several Enron companies have accounts with Bear. When do you think we could discuss?
Answer: Bear Stearns Guarantee. I'll call to follow up tomorrow a.m.
Mike, Checking on the status of getting Stephanie Panus, a new paralegal in our Group, full edit access to the referenced database. Also, we need to get some additional people full edit access: Matt Dawson, who just started in London Legal, and David Minns, a lawyer in our Australia office. Can you let me and each of these people know when they have access. Thanks!
Answer: Financial Trading Agreement Database Access
Joao - I'm making another business trip to Brazil - this time just to Sao Paolo. I'll be there Tuesday to Thursday of this week. Any chance you will be nearby? I tried to arrange a meeting in Rio too but unfortunately our office there is quite small and the only people I need to see will be in Sao Paolo then. I also still get to London every once in a while. Let me know when you are there - maybe we can have dinner. Mark
Answer: Trip to Brazil
I have gotten a call from Roger Mock, CEO of American Public Energy Agency, regarding a series of transactions. In 1999 we (ENA through Enron Natural Gas Marketing Corp.) entered into a 12-year prepay. We got approximately $297MM in cash up front, with delivery obligations at various delivery points, including NNG-Demarc, Rockies, TW-SJ, NIT, Topock and Sumas over the life of the deal. Currently the end users are Clark Public Utility District (Washington State), City of Glendale (California), City of Pasadena Water and Power Department (California), and Sacramento Municipal Utility District (California). It is my understanding that ENGMC is not currently in bankruptcy. I am sending down to Mike's attention a CD with the project documents on it. I apologize in advance for the absence of a table of contents, but I felt lucky just to get the information. Teresa Bushman may have a hard copy of the documents.
Answer:
APEA Gas Prepay Transaction