IN: This is an email
Attached is the file to be used for demand invoice verification for December 2001 capacity release transactions. If you have any questions, please feel free to contact me. Thanks,

What is the subject?

OUT: Transwestern Capacity Release Report for December 2001 Reservation Invoices
QUESTION: As you know, Enron and Peoples jointly own enovate. Our group in Chicago is looking to manage some funds which belong to enovate. We had initially envisioned having a cash management policy which would outline how Enron would invest the funds, etc. The other owner of enovate, Peoples, has proposed that we use the attached document in connection with this arrrangement. This is taking me a little far afield of my area of expertise, so I'm writing you guys for input, direction, etc. Suggestions? Gregg do you want to correct any of what I wrote? Kay
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ANS: inter-company agreement
Enclosed is another draft of the proposed Agreement and Release. It has incorporated some, but not all, of your changes. It is my hope that this draft is the final one; if it is not, I believe that it would be most efficient for you to meet with me and David Oxley before the end of this week, as I will be out of the office next week. Please let me or David know if you have any questions or comments.
Q: What is a potential subject line for this email?
answer: Settlement Agreement
Article II of the NONCOMPETITION AGREEMENT entered in connection with the sale of HPL to AEP (which closed as of June 1,2001) provides: "ENA [for 3 months post-close] will not solicit, negotiate or enter into any contract, agreement or arrangement for the purchase of natural gas on the HPL Pipeline from any Person which is a supplier or producer of natural gas connected to the HPL Facilities; provided, however, nothing herein shall be construed or interpreted as prohibiting ENA from entering into any such contract, agreement or arrangement which is less than one month in duration and involves or is related to an Enron Online transaction." This is not the most clearly drafted provision as it was the subject of much negotiation....and was significantly narrowed from the original scope proposed by AEP. Thus, please consult with me prior to entering into any solicitation, agreement or arrangement which might arguably be covered by our limited covenant not to compete on the supply side for 3 months. There are many aspects of the post-close transition which will require cooperation between Enron and AEP/HPL and thus, it behoves us to carefully weigh the risks and rewards of "stepping too close to or over the line". Further,although a technical reading of the non-competition agreement only applies to ENA, no ENA UPSTREAM deals which would violate this covenant if there were to be done as ENA should be done without clearance from Brian Redmond and me. Please communicate this restriction to those who report to you and have need to be aware of this limited restriction. Sincerely
Answer: ATTORNEY/CLIENT COMMUNICATION//////CONFIDENTIAL and Privileged
Here is an email: Steve and/or Rhett: We are trying to finalize an ISDA with the above counterparty which is a Bermuda company. They made 1 tax comment to our Schedule. Currently, they rep to us that Each payment received or to be received by them in connect with the Master Agreement will not be effectively connected with its conduct of a trade or business in the US. They want to add the following to this rep: Each payment to be received by it in connection with the Master Agreement will be either foreign source income under the Code or portfolio interest within the meaning of Section 881(c) of the Code or gain derived from the cash settlement of an option. Is this okay? As my days are numbered here if there is any way that I could get some feedback on this this week that would be great so that at least I can respond to them. Thanks. Carol
What is a potential subject line for this email?
A: Commercial Risk Reinsurance Company Limited
QUESTION: We have been asked to set this entity up for financial trading. It's part of our JV with Texaco. Hal Bertram (X31865) is a good contact person if you have questions about the Bridgeline companies. Thanks. Sara
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ANS:
Bridgeline Gas Marketing LLC