Mark: Thanks so much for your explanation earlier today. Just one more question, please: is arbitration or litigation the preferance under English law? How often do you negotiate to the contrary? Thanks. Sara
Answer: ISDA Agreements governed by English law
Here is an email: We have an opening for a paralegal in the Financial Trading group. In the past we have been very successful with referrals from members of the Legal Dept. who know of paralegals with whom they have worked in local law firms who might be willing to move. Please give this a little thought and if you know of a good paralegal in town, let me or Tana Jones know so we can contact them. Thanks for you help.
What is a potential subject line for this email?
A: Paralegal Position
Q: Eric, This is to update you on the current situation with the OSTRIP function in Exotica. After some lengthy analysis of the function, its inputs and the documentation associated with it, it was brought to our attention in the Research Group that the OSTRIP function was being utilized in different manners by different people within Enron. In order to remedy this situation, the documentation of Exotica was revised and more details were added, so as to make explicitly clear the distinctions between the fixed price options and forward start options. (You will find attached a copy of the most recent version of the Exotica documentation.) In addition to discussions with Santiago Garcia in structuring, it was seen to be important to ensure that those responsible for booking the options in ERMS (specifically, Jeremy Wong) be updated on the changes. By pure coincidence, the two ways that inputs were made for fixed price options gave the same values for the premiums. However, one methodology is really incorrect as far as the documentation is concerned, and the attempt has been made to rectify this. The forward start option pricing has not changed in any way. I would like to arrange a meeting tomorrow afternoon (Thursday) between all those parties concerned to ensure uniformity of pricing across the board. If you are available, I would appreciate it if we could meet at around 4:00 PM. Regards,
Propose a subject line
A: OSTRIP Function in Exotica
IN: Attached is a draft of Transwestern's response to the protest filed by the California Public Utility Commission in Docket No. RP97-288-017. Your comments would be greatly appreciated. I have gotten some additional information from Mark on USGT's use of westward capacity, which I haven't had the opportunity to review or incorporate in the attached draft. From what Mark has told me, it further supports the statement in our response that USGT has not made significant use of its westward capacity and that the CUPC's claim that Transwestern is being transformed into a pipeline that is dominated by shippers using negotiated rates is greatly exaggerated. We need to file the response on Wednesday. Therefore, I would appreciate receiving any comments by noon tomorrow. Thanks.

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OUT: USGT Negotiated Rate Filing/ Response to CPUC Protest
IN: This is an email
Hey Paul----I did get together with Barry Tycholiz this afternoon when I was in Houston to review the matrix that we have on price risk management initiatives and current practice at the state PUCs in the west. As you know, the matrix is a starting point, and I encouraged Barry to take a stronger look at his opportunities in each state and that we would do further spade work in those states as he identifies his prospects. We talked about 3 states that he has initial interest in--- California (Barry is already talking to Dasovich and I will touch base with Jeff tomorrow to follow up), Colorado and Nevada.

What is the subject?

OUT: western states
I regret to inform you that Kay Mann's father passed away this morning. I will get funeral arrangement details to you as soon as I receive them. I will also send flowers on behalf of the company. Please keep Kay's family in your thoughts and prayers today. Thanks.
Answer:
Kay Mann's Father