Mark, I am not completely sure what the other groups want to do; however, assuming a fixed amount of the "internal" legal costs are fairly represented by this allocation as ENA's "capacity" charge, you are correct. This number will be in the P/L under your name. The "outside" legal costs should be tracked and controlled and carried at the business unit (by deal) level. I need an estimate of the quarterly "capacity charge" for ENA and an estimate of outside legal costs by business unit. Regards
Q: What is a potential subject line for this email?
answer: 2001 Allocations
David, Mark Taylor asked me to talk to you about getting your ISDA Masters inputted into our Financial Trading Database. This databse is the central master database where we keep records of the financial agreements in either draft form or that have been executed. London currently updates this database to manage its (and Singapore's) financial contracts and I would like to get the Australian agreements plugged into the system. This database serves a number of purposes. First, it is our core memory of contract negotiations. Anyone in Legal and Credit around the world can take a look at this database and determine who we have entered into contract with and what negotiation issues may be at issue. It is critical as we become a global trading company that we are consistent in the legal positions we take on these financial contracts. For instance, it would be quite problematic if someone in Houston was negotiating a contract with an ISDA counterparty and asserted that a certain position was critical, if we find out a lawyer in another office was negotiating with the same counterparty and gave on the same position the day before. We need to make a somewhat coordinated effort on the counterparty front. In addition, with so many masters and so many counterparties there is just no way to keep track of what we have said or done unless we have a database. Further, we use the information in the database to respond to inside auditing, reporting and insurance inquiries. For online trading, I check the database to see if we have a financial master agreement and what trading restrictions we may or may not have in place. Global contracts uses this database to confirm their financial contract records and approval for online trading. For both Houston and London we use the database to communicate with our Clients, whether traders or back office support people. Employees outside legal have limited view access only to see all the information except the confidential Legal and Credit comments. They have no edit capabilities. The database also has some reporting functions that we and London Legal have found helpful. You should have gotten my email to Mike Neves, out database coordinator requesting full edit access for you. It usually takes a few days. Once you get access maybe you could find some time to surf the database, and we can figure out how to get your ISDA data inputted.. Are you coming to the ENA Legal Conference in October? That would be a good time for me to do a full review of this database with you.
Answer: Financial Trading Legal Database
Here is an email: AOPA ePilot Subscribers, Please disregard the message at the top of this morning's issue f "AOPA ePilot" that suggested that your AOPA membership was bout to expire or that it was your last issue of the newsletter. oliday computer gremlins conspired to erroneously send the essage to most "ePilot" subscribers this morning. Again, please disregard the message. We apologize for the error nd will work to assure that it does not happen again. Thank you or your patience and please have a happy new year. Sincerely,
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A: AOPA ePilot Correction
Q: Deer All: Chris and his crew of Tobby and Bobby and Joe and I managed to do some solid work on Saturday. In addition to standard spring shut down of stands (closing up blinds and pulling motors off barrels) we moved some blinds around.All should be impressed with the new stand arrangements in the half section. BONE YARD The tower blind at Pig stand has been relocated to the boneyard. The stand was placed very close to where the ground blind and tripod were originally located. It is well hidden and the barrel and feed pen were moved back to there original location. Standing at the feeder and looking back at the stand, all you see is from the gun window up and that blends into an oak motte behind the stand. PIG STAND (new) The ground blind was then moved from boneyard to a new location just west and a little north of the windmill and tank in the half section. The spot is very good, providing a look due west for several hundred yards into the heart of the draw in the half section. You can also look south a long way and have good view of a game trail leading to the tank. We moved the feed pen around the corn barrel at the old pig stand and set it up in this new location. The protein barrel stayed put and is about 500 yards to the south and west. Mertz has reclaimed two of his barrels and two of his spincast motors (I gave him the poorest performing motors and the two barrels without varmit cages). As a result, we needed to pull the 30/30 barrel to locate at the new pig stand. We took the 10 foot tripod back to the trailer. This leaves us with 9 solid stand locations. 9 good feeders (assuming the Lehman feeder at boneyard is working well and sweeny is working). We will need to make a magnum conversion on the barrel at the mesquite flat for next year. IF all motors are working we will have two green tubes for back ups. I think we should invest in one more magnum motor as a back up. I will look for one on sale. Keith, the new pig stand is ready to hunt with the old box blind from boneyard, so the construction of a new box is not necessary. HOWEVER, if you and the boys need a summer project, a lonestar type size box would be great, but it does not need a tower. A couple of cinder blocks or those concrete blocks at the trailer is all the height you need. Any more and it actually won't work. The blind location is under a big oak (like the hideout), a tower of any height will raise the box up too high into the branches. Also, Chris should have brought home the lehman feeder motor. the time was right, but would not test fire. Don't know if battery was completely dead (solar deal was hooked up) or if its motor is shot. Please check it out so we can have confidence in that motor next year. It gave us a bad time at the boneyard last season. Next Fall's work weekend should be easy, if we have solid participation from lease members. It would be a good idea to look at your calendars now. Labor day will be out for me this year (although everyone else is welcome to select that and run with it). How about the 14th or 28th?? Please check your calendars and let me know what works best for you. Fall TO DO 1)standard filling barrels, putting on motors, trimming shooting lanes and opening up blinds (killing wasps, oiling chairs). 2)switch barrels at showtime and hole to allow hole to hold more bags of corn. This will increase the capacity and hopefully allow it to remain full if we have rain that prevents us from getting down there to refill the feeder. 3)little bit more chainsaw work at boneyard to open up shooting lanes to west towards fence and south. 4)Install new box at pig stand??? If keith and boys build one. 5)Install lock on trailer door to protect valuables (kegerator and beer) 6)Install lock on gun cabinet for child saftey. 7)Hunt doves and drink draft beer, sweat and smell bad. Erik.
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A: Lease Update
IN: This is an email
John, ERCOT has OOME us for 11-14 for all 24 hours. I spoke with Jackie and Hubert Davis at ERCOT about this and they will make it an OOME. Yesterday it seemed we affected prices because prices spiked to $26.71 HE 1000 and stated to come off as Frontera came on. Alex M.

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OUT:
OOME