Larry Anderson with Carr has called to inquire about ENA financials and an Enron Corp. guaranty. From an historical perspective, it has always been my understanding that Enron Corp. did not wish to provide guaranties to brokers and we have been successful in that regard with several recent exceptions. In particular, Enron Corp. provided Carr with a "comfort letter" reciting the corporate "policy of general financial responsibility and interest in seeing that subsidiaries act responsibly." [letter dated February 16, 1999] Such letter is no longer sufficient to satisfy Credit Agricole which owns Carr. Joe, I believe that Larry may have already spoken with you. I don't know if your conversation included discussion of a guaranty. Please let me know how you would like to proceed. Thanks.
Q: What is a potential subject line for this email?
answer: Carr Futures, Inc. ("Carr") request for guaranty
Tim, my understanding is that partnership fee (the $11.0M) has been amortized for the last several years and expensed to the Industrial groups (McConville and Ondarza). As you are aware, I sued them for breach. The settlement involved the elimination of all existing transactions between Ft. James and Enron including the Wauna and Halsey power contracts. It is my understanding that the benefit of the elimination of those shorts resides in the Portland shop. The elimination of the shorts would not have occurred without the lawsuit on the alliance and the settlement I originated. It seemed logical to charge the Portland office with the remaining un-amortized fee of $1.8M as a cost of eliminating the shorts for no cost and no future contingent liability. Lets discuss. Regards
Q: What is a potential subject line for this email?
answer: Fort James Amortization
I have reviewed the above proposed confidentiality agreement and have made certain modifications which are in line with the confidentiality agreement presently in effect between ENA and Markwest. Since the new agreement is to cover Markwest for the period that they are letting Enron review Markwest's financials which are scheduled to be publicly released next week, the term references therein need to only cover the period from the date hereof until such financials are scheduled to be released, which I understand to be next week. The change to Enron Corp was made because the employees who will receive the information are now employees of Enron Corp. Please have your attorney contact me if there are any problems with the manner or substance of the changes noted in the document.
Q: What is a potential subject line for this email?
answer: Markwest Conf. Agreement
Just wanted to give you a word of encouragement and support. I don't believe all the fair-weather friend comments. A man shows his true colors when times are toughest. I just wanted you to know that there are still many of us who believe that you are a man of integrity who deserves respect. Many people gossip and publish terrible misinformation about you and this company. That only serves to convince me that they are not to be believed. I understand that you cannot share everything you may want to, or even defend yourself at this time, so please remember that the truth is always the truth and it will prevail. We are behind you and support you. May God give you the strength you need to get through these personal and professional difficulties. Smile and enjoy the best of the holiday season - hope, love, charity. Merry Christmas to you and your family. Phylis Karas
Q: What is a potential subject line for this email?
answer:
word of support