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---------------------- Forwarded by Randall L Gay/HOU/ECT on 08/02/2000 08:26 AM --------------------------- To: Randall L Gay/HOU/ECT@ECT cc: Subject: cop shock ---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 08/02/2000 08:30 AM --------------------------- To: Michael Walters/HOU/ECT@ECT, Harry Bucalo/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Timothy Blanchard/HOU/EES@EES, Chad Landry/HOU/ECT@ECT, Yvette G Connevey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jody Crook/Corp/Enron@ENRON cc: Subject: cop shock - FingerPig.avi
---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/20/2000 11:33 AM --------------------------- "RACITI, Melissa" <[email protected]> on 04/20/2000 09:54:33 AM To: "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]> cc: "BURKE, Ted (TDB)" <[email protected]>, "O'BRIEN, Lisa" <[email protected]>, "ELORZA, Juliana" <[email protected]>, "DELPINO, Fiorella" <[email protected]> Subject: Critical Path Items This e-mail is confidential and may well also be legally privileged. If you have received it in error, you are on notice of its status. Please notify us immediately by reply e-mail and then delete this message from your system. Please do not copy it or use it for any purposes, or disclose its contents to any other person: to do so could be a breach of confidence. Thank you for your co-operation. Please contact our IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email [email protected] if you need assistance. ================================================== Attached are clean and blacklined copies of the Critical Path Items list (and the related Ancillary Items list). The blacklined copy is marked to show changes from the draft thereof dated 4/12/00 We will distribute the dial-in information for the 4/25 conference call. Best regards - COMPARE001.DOC - NY003675655.DOC
This is the matrix related to the the Cuiaba II discussion on shared services. ---------------------- Forwarded by Rob G Gay/NA/Enron on 01/18/2001 03:24 PM --------------------------- Rob G Gay 01/17/2001 04:23 PM To: Peter E Weidler/NA/Enron@Enron cc: Subject: Decision on Furnas Jan 22 We just had a call with Novak, Barquin (V&E) and Tozzini on options for next Monday such as economic equilibrium, arbitration, litigation etc. We will be putting all the results together for you by Friday Morning. In the mean time, it may be helpful for you to reflect on the following (particularly the table). This is really starting to bring it into focus for me. We will try to do the same for our options on Monday's decision.
Bob: I have not met with them in a long time, and do not plan to anymore. Thanks.
I was just thinking about how much fun you are. Since you asked for more pictures ...
Could you then sell our Love Life & Money Suite. Is this done on consignment or how do you operate. We may also have some other artists to discuss because we are building a new home and we will have less wall space in some cases and different needs in others. Thanks Rob Donna Rose <[email protected]> on 02/07/2001 11:21:57 AM To: [email protected] cc: Subject: Re: Zjawinska Dear Rob, It would be unframed..... Best DonnaAt 09:49 AM 2/7/01 -0600, you wrote: >I am interested. Would that be framed? I'll talk it over with my wife. > > > > >Donna Rose <[email protected]> on 02/06/2001 10:46:53 PM > >To: [email protected] >cc: > >Subject: Re: Zjawinska > > >Sorry...I cannot do a trade...but I can probably provide a Startled for you >at about $1800. > >Best > >DonnaAt 11:08 AM 2/2/01 -0600, you wrote: > >I noticed on your web site that you have a number of Joana Zjawinska's for > >sale including "Love, Life & Money Suite 2" (which we currently own) and > >"Startled". > > > >I was wondering if you would consider a trade where we would provide "Love > >Life & Money" (framed) and we would receive "Startled"? Donna Rose President, Art Brokerage Inc. Since 1981. http://www.artbrokerage.com PO Box 3730, Ketchum, Id. 83340 Mail only. 208-788-1484 Mountain Time after 7-6 ...no early calls please...Monday-Saturday Fax 24 hours 208-788-1492 Sunday..only by email email 24 hours [email protected] Web address http://www.artbrokerage.com Watch for us on PBS and Discovery Channel airing now! Check out DEAL...enter artwork online...free...http://artbrokerage.com/deal/htm Our Photo Classifieds get results! 89.99 for 6 months... or $99.99 for 1 year......http://www.artbrokerage.com/ads/ads2.htm Never Pay Retail!
Brent: unfortunately no one from my group will be able to participate in the Kipp Academy events this weekend. There was some interest though in future events. Thanks.
I'm fine with this and ready to sign if Rick Lammers is happy. Michael Tribolet 12/01/2000 12:33 PM To: Richard A Lammers/SA/Enron@Enron cc: Richard A Lammers/SA/Enron@Enron, Felipe Ospina/NA/Enron@ENRON, Connie F Estrems/NA/Enron@Enron, Peter E Weidler/NA/Enron@Enron, Christiaan Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tracee Bersani@ECT, Rob G Gay/NA/Enron@Enron, John Novak/SA/Enron@Enron, Joe Kishkill/SA/Enron@Enron Subject: Final Cuiaba DASH for signature Here is the final Cuiaba DASH. The DASH need to be signed and reviewed through Jeff Skilling by noon on Monday. Rick Buy has indicated there will be no exceptions. Michael Tribolet Office 713 853-3820 Cellular 713 515-3577 Home 713 729-7910
---------------------- Forwarded by Rob G Gay/NA/Enron on 01/31/2001 02:25 PM --------------------------- Jose Bestard@ENRON_DEVELOPMENT 01/30/2001 12:59 PM To: Cuiaba LT cc: "Luiz Sergio Assad" <[email protected]>, "Fred Sampaio" <[email protected]>, Jose Lucio Reis/SA/Enron@Enron, Luiz Maurer/SA/Enron@Enron Subject: Meeting With Furnas - Jan 29 01 - Tariff until Gas Commisioning FYI ---------------------- Forwarded by Jose Bestard/ENRON_DEVELOPMENT on 01/30/2001 12:55 PM --------------------------- Created 01/30 10:55 AM Modified 01/30 12:55 PM Title: Meeting With Furnas - Jan 29 01 - Tariff until Gas Commisioning Furnas: Celso Ferreira, Roberto de la Nina EPE: Jose Bestard, Laine Powell, Christiaan Huzier Consent.- Before entering into the purpose of the meeting, I told Celso that we were sending him a letter to confirm our understanding from the previous meeting, that they are linking the approval of the Anex 4/Consent to changes in the contact. and that they refused to sign the original consent language. For avoidance of doubt, the text of both versions are included in the letter. He said that our understanding was correct and that he would answer in the affirmative. He was not familiar with the original text. I showed him my copy with the three initials. He asked whose initials were from Furnas. (I don't know - was not present at that meeting. Rick and John may know). Roberto de la Nina gave him the background from Furnas side. Tariff and Commissioning. Celso started the session by drawing a diagram of the Contractual Obligation provisions compared to the Current Situation. He wanted to lead us to pay the fuel differential, from 100% dispatch or alternatively buy from the MAE (lower cost to us). [Comment.- Irrespective of the Force Majeure arguments that we have, the MAE make up possibility has to be used carefully to avoid falling into the trap, by precedent, or assuming a market exposure that we presently do not have.] I replied that his reading of the Contract was correct, except that he did not read the Force Majeure section. We had the obligation to change to gas on the dates he mentioned, except that we have a Force Majeure due to the Government Actions, and therefore we have the right to change the schedule. Celso replied that his people did not think this fit the case; i.e. "additional difficulty of drilling through rocks"; I replied that we have a strong case that everyone knows about, including the regulator Aneel, which extended the use of the CCC until June 2001. [Comment.- I expect Furnas to challenge our documentation to calculate how many days we are entitled due to FM causes. At the end there will be a "negotiated agreement", or the result or arbitration.] Aneel Authorization.- I told him that we needed to bring him up to date about Aneel's approval. Aneel sent us a letter that we were not authorized to operate in Combined Cycle, not that we had CCC account coverage during for CC operation. Gave him a copy of the letter of our request to Aneel asking for both ; CC and CCC coverage. We were ready for 480 MW, but on diesel. Celso asked what we would do if we got CC authorization but not CCC coverage.- I told him that we did not have the money to pay for the fuel, that we would have to convert back to Simple Cycle, use the current authorization for minimum use and wait for the gas to be available to go through commissioning. He said that under the contract we are obligated to provide power; that he would buy from the MAE and sent us the bill. I told him that under the Contract we can change the gas-change-over date because of FM. During a FM period our mutual obligations would cease, except that they in this case they had a capacity payment obligation given that the cause was Government action. He understood that they have a right to cancel the Contract after 12 months [Comment - but they would have the MAE exposure as well for the Initial Contracts] Laine gave him an update of the ridge contruction and the parallel path that we will take on Ridge 10; drill and also seek a permit for a partial crossing of the first crest, drilling through the second crest, all withing the existing ROW. Laine explained the processes and limitatios of returnind to SC operations and then back again to CC gas comissioning. Our Proposal.- Our proposal is that we get authorization to enter into operation as combined cycle unit; the CCC administration pays for the diesel, and receives the gas revenues as compensation. This keeps us and Furnas at the Contract equilibrium, and the Brazilian electric system has 480 MW combined cycle plant; providing stability to that area. Under this proposal, until the gas gets there to start commissioning, ONS would dispatch the power plant according to economic dispatch at R$110/Mwhr; minimum 290 MW. The CCC covers the actual dispatch the MRE cover the dispatch to the Initial Contracts with Furnas. I suggested that they join us for that petition to Aneel. He called Mario Santos to set up a meeting, to enlist the help of ONS in that petition as well. The meeting is set up for Wednesday at 9:30 AM. To prepare we need to provide the factual information, heat rates, costs, etc.
I was reviewing the pictures you sent. You are not only an adventuress but also a Goddess. Happy Valentines day. I turned Pete down on the offer to stay. I guess I'm just ready to move on and this feels pretty dead end here. But I'll try and catch up with you from time to time if I can. Beija Rob
Ina: from scheduling. the following people will attend tonight: Suzanne Christiansen Patti Sullivan Matt smith Ted Evans Jan Sutherland Stacey Brewer Hillary Mack Shelly Mendel. As you know, I will not be attending. Thanks for everything.
---------------------- Forwarded by Randall L Gay/HOU/ECT on 09/20/2000 02:22 PM --------------------------- To: Randall L Gay/HOU/ECT@ECT cc: Subject:
---------------------- Forwarded by Randall L Gay/HOU/ECT on 08/02/2000 10:42 AM --------------------------- To: Randall L Gay/HOU/ECT@ECT cc: Subject: cop shock ---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 08/02/2000 08:30 AM --------------------------- To: Michael Walters/HOU/ECT@ECT, Harry Bucalo/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Timothy Blanchard/HOU/EES@EES, Chad Landry/HOU/ECT@ECT, Yvette G Connevey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jody Crook/Corp/Enron@ENRON cc: Subject: cop shock - FingerPig.avi
Hi Jamie, Tried to call you today to keep in touch but the phone just rang. Hope you are enjoying Indosuez. I have announced that I am leaving Enron at the end of February when my contract runs out. With them getting out of international infrastructure it is time to move on. I am going to retire for a while and see how the life of leisure suits me. Give me a call when you have a minute (713-646-7582). Regards, Rob "Jamie MABILAT" <[email protected]> on 08/02/2000 03:51:48 AM To: [email protected], [email protected], [email protected] cc: Subject: Update Hi guys, To keep you au fait with my latest adventures, I decided to leave Dresdner Kleinwort Benson as a result of I what I perceived to be increasing uncertainty on the investment bank's future in the context of its' failed merger(s). So I have now joined Credit Agricole Indosuez's project finance group here in London. Not quite the outfit of a DrKB but a strong franchise in project finance and a very talented, motivated team...plus I missed project finance! My details are now: Tel. (44) 20 7971 4029 Mob. (44) 7712 76 4343 e-mail: [email protected] Hope all is well with y'all. Keep in touch. Jamie. "This E-Mail is not intended to create a legal relationship between Credit Agricole Indosuez and the recipient. Credit Agricole Indosuez is regulated by the SFA for the conduct of investment business in the UK. The information contained in this E-mail is intended for the named recipient(s) only. It may contain certain privileged and confidential information or information which is otherwise protected from disclosure and further dissemination by you could have adverse legal consequences. If you are not the intended recipient, you must not copy, distribute or take action in reliance on this information"
We will provide the appropriate clarificatiions ASAP. [email protected] on 02/14/2001 09:43:16 AM To: [email protected] cc: [email protected], [email protected], [email protected] Subject: Questions re: Siemens Negotiations Rob - We've reviewed your memo which sets forth general points of your negotiations with Siemens. Following are comments and questions regarding certain negotiated points: EOT Claim Agreement Owner must operate and maintain per O&M manuals and industry practices on oil; if not, owner must correct items materially affecting Contractor's commissioning obligations We observe that while this point places reasonable responsibility on the Owner to correct problems that were a result of their commercial operations, it is introduces an opportunity for the Contractor to place unfounded blame on the owner for affecting the Contractor's ability to commission. Risk of Loss remains with owner during commissioning on gas We understand that the Facility is under the care, custody and control of the Owner and that the Facility is currently operating under the insurance coverage intended for the commercial operating period (versus the construction period). Please confirm that there is no reason to be concerned about insurance coverage if a problem arises resulting in material damage attributable to Contractor action during commissioning on gas. We are also advising the Lenders to have this point reviewed by an insurance advisor. Degradation - agree to use curves with credit to owner for degradation during commissioning During our last conference call it was indicated that the first choice was to test to determine degradation and the alternative was to agree on a set of curves. It appears that Siemens was unwilling to agree to the test approach. We observe that the curves used to determine owner credit may be biased to the benefit of Siemens. We trust that your operations experts will diligently review the basis for the curves. Performance LD's on gas per the EPC contract with first $4,000,000 forgiven by owner Please explain the rationale behind forgiving $4 million of Contractor LDs. Delay LD's on gas do not start until 60 days after performance test on gas During our last conference call it was indicated that there would be a stand down until 7/1/01 when gas is available, no LDs would be paid related to oil firing performance, and that the LD clock would start if gas commissioning is not complete within 60 days. We do not understand the above negotiated point. Please confirm that our understanding is correct or clarify your negotiated point. TAA Agreement No 12-month look back. We assume that this negotiated point is related to the time period factored into the availability calculation for purposes of determining whether or not an extension or additional work by the Contractor has been triggered as a result of dropping below the availability standards. Please explain how this negotiated point affects the mechanics of the TAA and also please explain how availability will be calculated. As we noted during our last conference call, we are concerned that Siemens believes that the availability value is not reduced if maintenance work is being performed during periods when the Facility is not being dispatched. 12 month Initial Guarantee Period, with the clock suspended for gas commissioning unless owner delay. We interpret the above negotiated point to mean that the 12-month clock for the initial guarantee period stops during commissioning regardless of how long it takes the Contractor to commission on gas (unless delays are attributable to Owner) and re-starts after Contractor has successfully completed the performance testing on gas. Please confirm that our understanding is correct. In order to provide the lenders an adequate warranty period on gas (if there are additional delays on the P/L) our Insurance group has indicated that we will have no problem obtaining 12 months renewable business interruption insurance when we go operational on gas. This should solve the issue over the revised warranty with Siemens because it covers defects, design, and workmanship on the turbines and includes lost profits, etc. Incidentally, for insurance purposes the turbines are designated DE3 which is not a new technology designation. The duration of BI coverage is 18 months per event with US$150,000 deductible. Stone & Webster is advising the Lenders to have an insurance advisor review this point. Thanks in advance for your response. Hope all is well. Regards, Bradley
Heather: can you proof this and get this ready? Thanks.
---------------------- Forwarded by Rob G Gay/NA/Enron on 01/18/2001 03:49 PM --------------------------- Rob G Gay 01/18/2001 03:51 PM To: Richard A Lammers/SA/Enron@Enron, [email protected]@ENRON, John Novak/SA/Enron@Enron, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Felipe Ospina/NA/Enron@ENRON, Rafael Rangel/NA/Enron@Enron, Christiaan Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Subject: Decision Matrix - Strategy This is the matrix related to the the Cuiaba II discussion on shared services. ---------------------- Forwarded by Rob G Gay/NA/Enron on 01/18/2001 03:24 PM --------------------------- Rob G Gay 01/17/2001 04:23 PM To: Peter E Weidler/NA/Enron@Enron cc: Subject: Decision on Furnas Jan 22 We just had a call with Novak, Barquin (V&E) and Tozzini on options for next Monday such as economic equilibrium, arbitration, litigation etc. We will be putting all the results together for you by Friday Morning. In the mean time, it may be helpful for you to reflect on the following (particularly the table). This is really starting to bring it into focus for me. We will try to do the same for our options on Monday's decision.
---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/18/2000 12:17 PM --------------------------- "RACITI, Melissa" <[email protected]> on 04/18/2000 11:58:44 AM To: "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'Dutton, Chris CMJ SI-GPBF'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]> cc: Subject: FW: Force majeure - Conference Call on Wednesday, April 19, at 2: 30 pm EDT This e-mail is confidential and may well also be legally privileged. If you have received it in error, you are on notice of its status. Please notify us immediately by reply e-mail and then delete this message from your system. Please do not copy it or use it for any purposes, or disclose its contents to any other person: to do so could be a breach of confidence. Thank you for your co-operation. Please contact our IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email [email protected] if you need assistance. ================================================== -----Original Message----- From: ELORZA, Juliana Sent: Tuesday, April 18, 2000 12:29 PM To: 'Mary Mervenne (E-mail)'; 'Thomas Mahaffey (E-mail)'; 'Nancy Rivera (E-mail)'; 'Frank Kluesener (E-mail)'; 'Karl Heinz Wellmann (E-mail)'; 'Stefan Unna (E-mail)'; 'Chaim Wachsberger (E-mail)'; O'BRIEN, Lisa; 'Robert Shapiro (E-mail)'; 'John Barquin (E-mail)'; 'John Novak (E-mail)'; 'Stephen Friedlander (E-mail)' Cc: BURKE, Ted (TDB); RACITI, Melissa; DELPINO, Fiorella Subject: RE: Force majeure - Conference Call on Wednesday, April 19, at 2:30 pm EDT Dear All, We have scheduled a conference call to initiate the discussions of the force majeure claims. The dial-in information is: Date: Wednesday, April 19 Time: 2:30 pm EDT Dial in (Domestic): (888) 271-0949 International access: (304) 345-7526 Participant Code: 132912 Thank you.
Rick, I'm not sure Felipe understands that he needs to finalize the model with me first before he sends around a "lender package" for the senior guys to review. We are still trying to make everything make sense, make certain strategic decisions on presentation, and make all of the presentations tic and tie as Connie would say. I believe we will have no problem accomplishing all of this by early Monday and then you and Laine can review and make additional changes if you like. We can talk on Monday as well about how we handle Shell, but an expedited approach should be doable with the right spin. However, I am concerned that the base case you agreed with Johanas is no longer accurate given the status of Laine's negotiations. I did not understand specifically your question about cash below. Could you clarify this particular concern further for me so I can look into it. I am going to get much closer to the model this time than last because of the turnover due to Robert and Joana moving on. Give me a call if there is anything else you want me to look into. Regards, Rob Richard A Lammers 12/15/2000 04:36 PM To: Felipe Ospina/NA/Enron@ENRON cc: Tracee Bersani@ECT, Christiaan Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob G Gay/NA/Enron@Enron Subject: Re: Cuiaba Lender Package hy are we excludung cash from the lender model.Did we not do this last time.I think shell required this. We also need to put on these models that this is Enron's latest update and send to shell simultaneaously or get shell's approval first( which ain't going to happen quick)
Can you be available for a call with S&W on Monday 10:00 CST?
could ya'll comment on this please? Thanks. ---------------------- Forwarded by Randall L Gay/HOU/ECT on 01/11/2000 05:04 PM --------------------------- Mark L Schrab 01/11/2000 04:58 PM To: George Smith/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT cc: Subject: Subject: Rankings for Source/Destination Please forward to logistics in your region...... Would any of the desks be opposed to enabling Unify to default the Destination rankings to the same rankings that are created in the Source rankings. There would still be the ability to change to ranking on the Destination side however, it would not affect the rankings on the Source side. This will save time pathing and prevent the amount of data entry errors. Would you please forward comments to your manager. Dave Nommenson is aware that some of us are interested in this and would like to find out if it would be something worth putting into production. Thanks.
I have attached my review of the electrical list. This should allow us to have another discussion. The ones with oK we want but I would like to discuss further your "costs" for these items because you have a separate mark-up.
Thanks, I'll pull it together and let you know what time. I'm shooting for tomorrow. [email protected] on 02/21/2001 06:06:17 PM To: [email protected] cc: Subject: Re: Questions re: Siemens Negotiations Rob - Just spoke with Brad (he's in Seattle sans computer). He said 11 or noon cst on Friday would be best, but he could manage any time Friday if necessary. Next week is open (any time) if we had to push it back. Let me know & I'll get the message to Brad. I'm OK any of those times as well. Thanks
What's up with Laine and the incompetence routine?
Heather: Jackie Adams will represent the West desk. Thanks. ---------------------- Forwarded by Randall L Gay/HOU/ECT on 02/03/2000 05:01 PM --------------------------- Heather Choate 02/03/2000 04:57 PM To: Randall L Gay/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT cc: Robert Superty/HOU/ECT@ECT, Alex Saldana/HOU/ECT@ECT Subject: Mtg: Alternate Work Schedules A lunch meeting has been scheduled to discuss Alternate Work Schedules... On Wednesday, February 9, 2000 in EB3013 from 11:30am to 1:00pm (lunch provided) Please forward me the attending names for your group with a copy to Bob by tomorrow (2/4). Thanks, Heather
Bob: here is the completed version with changes.
Sorry, I've been in all day meetings Mon & Tues. I'll get to it early tomorrow.
Hi I'm sorry we missed you at the Christmas Party. My wife and daughter had tickets to a Christmas Play that conflicted, otherwise it would have been nice to see everyone. Things are fine with me, though big changes are in store. I'm really worried about Peter and Brian because they have not heard anything yet from anyone about what their role will be. I should have more to say about my situation by tomorrow afternoon. Cheers
I am not receiving any of the lender comments that were discussed below. Please keep me informed and include me in any discussions if possible as well. Thank you. The Designated Financial Groundhog John Novak 12/14/2000 07:00 AM To: Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Richard A Lammers/SA/Enron, Rob G Gay/NA/Enron, [email protected], Laine A Powell/ENRON_DEVELOPMENT, Joao Carlos Albuquerque/SA/Enron, James M Bannantine/ENRON_DEVELOPMENT Subject: Re: Cuiaba Events 12/13/00 Claudia spoke yesterday with Laterman who, despite having been in the meetings where it was agreed to move agreed items from the Consent to the Aditivo, seemed to think that there were new issues being raised. Claudia was very firm with him that there was nothing new and that he needed to go back through an old draft of the Consent to confirm that every item in the Aditivo used to be in the Consent. They have an internal meeting scheduled today and the hope is that Laterman will have done this exercise and can confirm that there is nothing new (otherwise he will look foolish if we have to later correct him, which we can do by showing Celso et al an old draft of the consent). However, Laterman also confirmed what Adelino appeared to be saying below: that they intend to hold up the Aditivo in order to get their "clarifications" inserted -- i.e., the same old issue regarding sharing the spot price pain on F/M delay. Separately, Claudia spoke with Maur?cio and he relayed some innocuous drafting comments. He also said, however, that he and Maria Aparecida had prepared a memo to go to Firmino describing the open "commercial" points which had never been agreed. He would not tell Claudia what these points were and said they were for Firmino to decide and not for the lawyers. Claudia was very firm in insisting that this memo describe every issue they think is still open in the documents so we don't end up resolving open items, as we are close to doing with respect to the big 4, only to find that he and Maria Aparecida have more comments. Action item: Jim or Jo?o Carlos -- we need to hit Firmino on any "new" commercial issues asap -- there should be none. He's supposed to have received the memo yesterday so a call today may be appropriate. This is beginning to feel like Ground Hog Day all over again! Rgds, John Jose Bestard@ENRON_DEVELOPMENT 12/14/2000 02:15 AM To: Richard A Lammers/SA/Enron@Enron, John Novak/SA/Enron@Enron, Rob G Gay/NA/Enron@Enron, [email protected], Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joao Carlos Albuquerque/SA/Enron@Enron cc: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Cuiaba Events 12/13/00 Joao Carlos called me to tell me that Celso had agreed to take the three key issue to the Diretoria, but that there were a number of issues in Aditivio #4 that had not been agreed and required "clarification". He asked me to contact Adelino Rodrigues. I was concerned that we would be going back to square one - No release until we agree to clarify their language. Joao Carlos said "no negotiations", "just clarifications". I was still concerned, because I was told that the only new aspect was the Guarantee language for the privatization event and clause 9, the details/mechanics of the 90 days payments. I finally got hold of Adelino around 11:00 am. I asked him if he had received the Aditivo #4, he said he had it. I asked him if he had any questions, he said he was reading it. I pressed him to give me a response today, he said he was meeting with the Contract Committee (internal) tomorrow at 9:00 AM. I asked him to get together by noon- he said he needed to report any issues to the Diretoria. I ask him to meet at 2:00 PM and he agreed. Adelino wanted to include other Contract Clarifications issues in this Aditivo #4. I told him that this was not the place. This Aditivo was to provide a faithful portrait of the results of discussion in regards to the Lenders issues. It was to mirror the key clauses the Covenant. And it was created at the direction of Eletrobras to provide a better legal foundation. I told Adelino that we would be signing other Aditivos in the future and it was our intend to clarify the items we included in the Transfer Agreement. Adelino felt that there were other items not previously agreed in this Aditivo. I called Claudia. She told me that she had met with Celso and Adelino and that this had come up and she had assured them that there was nothing extra that had not been agreed. She told me that Celso had not agreed. She was to speak to the Legal department in Furnas to be backed up. She was walking into a Furnas meeting with Adelino. I asked her to press this matter with Adelino and the legal department. I saw the exchange of the e-mail with the Lenders. They are reacting with one day delay so I do not know if they are current in their comments. John and Rick let's have a quick talk early tomorrow. I will call you. Jose
---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/19/2000 11:14 AM --------------------------- [email protected] on 04/19/2000 07:56:17 AM To: [email protected] cc: Subject: Brazil Daily Apr 19 (See attached file: bd000419.pdf) - bd000419.pdf
Nobody could do this today. We will schedule for next week. Regards, Rob
---------------------- Forwarded by Randall L Gay/HOU/ECT on 06/20/2000 12:44 PM --------------------------- From: Dave Nommensen 06/16/2000 05:25 PM To: Susan Harrison/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Randall L Gay/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Beverly Beaty/HOU/ECT@ECT, Carrie Hollomon/HOU/ECT@ect cc: Jeff Johnson/Corp/Enron@Enron, Scott Williamson/HOU/ECT@ECT, John Pyle/Corp/Enron@ENRON, Jim Ogg/HOU/ECT@ECT, Jaikishore Bharathi/HOU/ECT@ECT, Regan M Smith/HOU/ECT@ECT, Kenneth M Harmon/HOU/ECT@ECT, Paul F Poellinger/HOU/ECT@ECT Subject: Unify stress test next week with Sybase 12.0 We have done some preliminary testing of the latest version of Sybase (version 12). We have seen very positive results from our initial tests and would like to proceed with a "stress test" (not to be confused with me showing up each day at work). We would like to do 2 tests next week due to hardware and business restrictions. The test would be similar to those from late-1998 (ah, those were the days!). We will ask all users, as well as I.T. folks, to run as many of their usual processing during a scripted time frame from approx noon - 1:30pm on Tuesday and Wednesday. Be sure to order some yummy pizza or sandwiches for your staff! The Sybase 12.0 environment can be accessed via Start/Programs/Test Applications/Unify Applications/Unify Gas-Power Stage. On the Login window, select server = "ASE 12 Test". If you usual Production password does not work, try "houston". If that does not work, try a neighbor's (Audit says that fine, its just a test). Each user should plan to run several sessions where permissible to simulate a heavy load on the system and to make up for those not able to participate during this time. Please have your staff try to login some time Monday to insure they have access. The test script during the time period will be: 12:00 - 1:30 Logistics: pathing, nominating, running some reports 12:20 - 1:30 Volume Management: do your thing 12:40 - 1:30 Settlements/Accounting: pile in Please let me know if your area would NOT be able to assist in this very important test. The results of these 2 tests will dictate whether we should pursue our migration to this new release in mid-July. The less bid weeks with poor system performance the better! Thanks in advance for your help, d.n.
Toni: just about any day would be fine. We are really busy between 7:30 and 11:30 every morning. Just let me know when you want to sit down with us. Thanks.
---------------------- Forwarded by Randall L Gay/HOU/ECT on 12/04/2000 01:18 PM --------------------------- Enron North America Corp. From: Suzanne Christiansen 12/04/2000 12:20 PM To: [email protected]@ECT cc: Subject: Fwd: Funny ---------------------- Forwarded by Suzanne Christiansen/HOU/ECT on 12/04/2000 12:13 PM --------------------------- "Karen K. Beach" <[email protected]> on 12/04/2000 12:15:39 PM To: <[email protected]>, <[email protected]>, <[email protected]> cc: Subject: Fwd: Funny Received: from [10.100.2.115] (mp-emf1.mp.rkmc.com [10.100.2.115]) by mp-gwia1.mp.rkmc.com; Mon, 04 Dec 2000 10:58:18 -0600 Received: from mp-emav1 (unverified) by (Content Technologies SMTPRS 4.1.5) with SMTP id <T0a640273504638fb06@> for <[email protected]>; Mon, 4 Dec 2000 10:58:43 -0600 Received: from susdayte01.daytonoh.ncr.com ([192.127.94.7]) by mp-emav1 (NAVIEG 2.1 bld 63) with SMTP id M2000120410573728110 for <[email protected]>; Mon, 04 Dec 2000 10:57:38 -0600 Received: by SUSDAYTE01 with Internet Mail Service (5.5.2650.21) id <XL830R62>; Mon, 4 Dec 2000 11:58:01 -0500 Message-ID: <6B90E33D6C66D3119C7D00E029265322048580BC@SUSDAYTE01> From: "George, Keith A" <[email protected]> To: Subject: FW: FW: Yet Another Vote for Al Date: Mon, 4 Dec 2000 11:57:48 -0500 MIME-Version: 1.0 X-Mailer: Internet Mail Service (5.5.2650.21) Content-Type: multipart/mixed ; boundary="----_=_NextPart_000_01C05E13.54BE4880" <<< Please read the disclaimer below >>> > Subject: FW: Yet Another Vote for Al > Message-ID: <573B03AE56B3D411AF1100D0B70630B91C3697@corpmx3> > <<TheAlGoreBallot.exe>> ******************************************* Information contained in this e-mail transmission is privileged and confidential. If you are not the intended recipient, do not read, distribute, or reproduce this transmission. If you have received this e-mail transmission in error, please call 612-349-8799. Robins, Kaplan, Miller & Ciresi L.L.P. www.rkmc.com ******************************************* - TheAlGoreBallot.exe
---------------------- Forwarded by Randall L Gay/HOU/ECT on 02/29/2000 10:45 AM --------------------------- Enron Technology From: Kenneth Gurley @ ENRON 02/29/2000 10:10 AM To: Randall L Gay/HOU/ECT@ECT cc: David Wile/HOU/ECT@ECT Subject: Terminal Server Randy, Here are the instructions for the TS update. I just ran it here on my pc and everything works fine. 1. go to http:\\remoteservices.enron.com 2. click here 3. save program to c:\ 4. double click on citrixclient.exe after it has been downloaded. This will add a Terminal Server icon to the desktop. Double click on this to launch the new version of TS. Thanks, KG
Why? Tracee Bersani@ECT 01/05/2001 10:24 AM To: Rob G Gay/NA/Enron@Enron cc: Subject: Cuiaba: Release of certain Assets from Loan Pledge Rob, I just spoke with Rafael, and he has requested that certain assets be excluded from pledge items against the Cuiaba senior loans (EPE and GASMAT). All cars and vehicles; All furniture and IT equipment, All telephone lines (Please note that for EPE, the amounts related to those items is around 0.7% of the total permanent assets and for GASMAT is around 0.4%.) Inventories except spare parts ( 38% of the total inventories). (So, we should take out, fuel ( 55% of the total inventories), and other items that are around 7% of the total inventories). Regards, Tracee
Bob: just to update my previous memo, Cynthia Lara has just accepted our offer, with a tentative start date of Monday July 17th. Thanks.
---------------------- Forwarded by Randall L Gay/HOU/ECT on 11/07/2000 10:44 AM --------------------------- "PO_JACK" <[email protected]> on 11/07/2000 09:29:38 AM To: "Regina Perkins" <[email protected]>, "Randy Gay" <[email protected]>, "Phyllis Fuller" <[email protected]>, "Peter Vint" <[email protected]>, "Sally Shuler" <[email protected]>, "Sabra Dinari" <[email protected]> cc: Subject: Good Morning All, This is Fred Jackson Just thought I would say hello and let you know I'm still in the land of the living.? Take note of my new e-mail address and stay in touch.? Talk to you all soon. ? Peace & Hair Grease, ? FGJ
Could you please take a moment to rspond on the attached. Thanks You ---------------------- Forwarded by Rob G Gay/NA/Enron on 12/19/2000 09:21 AM --------------------------- Christiaan Huizer@ENRON_DEVELOPMENT 12/19/2000 06:20 AM To: Rob G Gay/NA/Enron@ENRON cc: Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard A Lammers/SA/Enron@Enron, Tracee Bersani/HOU/ECT@ECT@ENRON, Felipe Ospina/NA/Enron@ENRON Subject: Re: EPE Dispatch Rob, Regarding items 1 and 2, please contact Lucio Reis in Sao Paulo office and he can explain. Item 3 is incorrect. The 300 MW would be generated by the two gas turbines at about 100 MW each and the remaining 100 MW coming from the steam turbine. The steam turbine receives its energy from the exit gases from the gas turbines and they both contribute equally to the resulting steam turbine output (theoretically at least, in practice depending on optimization of machines) Again, please talk with Lucio. Regards, Christiaan Rob G Gay@ENRON 12/18/2000 04:41 PM To: Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christiaan Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard A Lammers/SA/Enron@Enron cc: Tracee Bersani/HOU/ECT@ECT Subject: EPE Dispatch Here is what we have concluded based on discussions this morning: 1) We believe that Furnas has agreed to contract and pay for 300 MW on oil to meet regulatory requirements concerning required capacity and reserve margin. We do not believe that they intend for us to be dispatrched above 220 MW. (Do we have any document which could substantiate this?) 2) Although dispatch on a merit order basis would suggest that EPE runs full time (with 300 MW available), there are practical constraints in the transmission system which will prohibit this from actually occuring. [ Please describe these constraints using some official sounding jargon but minimal detail and in particular indicate what is involved to de-bottleneck and how long this will take. I presume that Furnas is solely responsible for the corrective measures.] 3) Based on our analysis, the optimal operating approach would be to generate 220MW with one turbine and 91 MW with the other for a total of 311 if dipatched above 220 MW. If we can prove that 1) & 2) are correct or convince the lenders that they are, then I think we can suggest that fuel oil exposure is negligibe if gas is ready by April 01. We will have to see how it looks when we add the Sue Garvin flex months. Therefore, a merit order analysis is only necessary if i) our supposition about Furnas' motivations are incorrect and/or ii) the transmission problem is cleared. If this happens it would be nice to be able to predict reduced fuel utilization due to a) reduced dispatch during daily off-peak hours or seasonal impacts, b) due to scheduled outages, and c) due to managing our availabilty in such a way as to reduce fuel consumption operating losses. Any data you can provide will be helpful. Have I successfully connected the dots here? If you have previously sent these materials to Felipe or Tracee please simply grumble to yourself if you have to do an extra e-mail to me. Remember, you don't have to be nice to a short timer unless you need them to get something done. Regards, Rob
Julie: Thanks. Let me know when you know something different.
---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/20/2000 11:34 AM --------------------------- "ELORZA, Juliana" <[email protected]> on 04/20/2000 10:35:45 AM To: "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "Anamaria Rosenthal (E-mail)" <[email protected]> cc: "BURKE, Ted (TDB)" <[email protected]>, "RACITI, Melissa" <[email protected]>, "O'BRIEN, Lisa" <[email protected]>, "DELPINO, Fiorella" <[email protected]> Subject: Conference Call on Tuesday, April 25 re Critical Path Items e-mail is confidential and may well also be legally privileged. If you have received it in error, you are on notice of its status. Please notify us immediately by reply e-mail and then delete this message from your system. Please do not copy it or use it for any purposes, or disclose its contents to any other person: to do so could be a breach of confidence. Thank you for your co-operation. Please contact our IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email [email protected] if you need assistance. ================================================== The dial in information is: Date: Tuesday, April 25 Time: 10:30 am EDT Dial in (Domestic): (888) 476-3762 International access: (517) 267-1046 Participant Code: 241515 Thank you. -----Original Message----- From: RACITI, Melissa Sent: Thursday, April 20, 2000 10:55 AM To: '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]' Cc: BURKE, Ted (TDB); O'BRIEN, Lisa; ELORZA, Juliana; DELPINO, Fiorella Subject: Critical Path Items Attached are clean and blacklined copies of the Critical Path Items list (and the related Ancillary Items list). The blacklined copy is marked to show changes from the draft thereof dated 4/12/00 We will distribute the dial-in information for the 4/25 conference call. Best regards
Dan I just re-read this memo. I can respond for Cuiaba but I need to enlist Eduardo, Brian & Peter to obtain status and issues on their projects. I will forwrd a recent summary of issues on Cuiaba. Also, by projects do you mean major infrastructure transactions or do you mean everything thhat is going on? From: Daniel Castagnola@ENRON_DEVELOPMENT on 01/03/2001 03:45 PM To: Rob G Gay/NA/Enron@Enron, Jeremy Thirsk@ECT cc: Subject: Financings Happy New Year! I am compiling a list of projects already financed, under financing, or soon to be under financing during 2001. Could you provide me with the following information: 1) List of projects in your area already financed i) List of issues that may require bank involvement ii) List of issues that may require ENE financing personnel but not banks involvement 2) List of project currently under financing i) List of key issues (Cuiaba- please be kind) 3) List of project to be finance during 2001 i) Main issues to be expected. Thanks in advance for this information. Dan
I believe that is correct. Tracee Bersani@ECT 02/01/2001 05:02 PM To: Rob G Gay/NA/Enron@ENRON cc: Subject: Re: Insurance Rob, Didn't he say we were only covered up to $200 MM (e.g. the limit of our contract frustration cover?) With the current Shell/enron sharing percentages, it would seem that we are entitled to 72% of the $360 MM payment or $259 MM, thus we would only be out by $59 MM. Tracee Rob G Gay@ENRON 02/01/2001 04:57 PM To: Peter E Weidler/NA/Enron@Enron, Richard A Lammers/SA/Enron@Enron, Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Novak/SA/Enron@Enron, Eddy Daniels/NA/Enron@Enron, Mariella Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tracee Bersani/HOU/ECT@ECT cc: Cliff Shedd/NA/Enron@Enron Subject: Insurance According to Cliff Shedd, we would be covered by insurance if we terminated the contract with Furnas and Furnas failed to pay the termination payment. However the insurers will only pay after we receive an arbitration judgement against them and the refuse to honor the judgement. I assume we would also have to exhaust our remedies against trhe guarantor (Eletrobras). Also, we are required to notify the underwriters immediately of a material default.
Did I make you laugh? "Sue V. Herbich" <[email protected]> on 12/19/2000 07:14:06 PM To: <[email protected]> cc: Subject: RE: Thinking of you only you can give new meaning to a rear-ender :-) -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Tuesday, December 19, 2000 1:12 PM To: Sue V. Herbich Subject: RE: Thinking of you P.S. I'd like to rear end you too.
Once more ---------------------- Forwarded by Rob G Gay/NA/Enron on 01/22/2001 03:04 PM --------------------------- Rob G Gay 01/22/2001 03:26 PM To: Blanca Bollom/NA/Enron@Enron cc: Peter E Weidler/NA/Enron@Enron, Tracee Bersani/HOU/ECT@ECT Subject: Lender Presentation Can you print 10 color copies? Thanks
---------------------- Forwarded by Randall L Gay/HOU/ECT on 12/11/2000 02:28 PM --------------------------- "Lisk, Daniel D." <[email protected]> on 12/11/2000 10:43:37 AM To: "'[email protected]'" <[email protected]> cc: Subject: Daniel Lisk Mr. Gay, My name is Daniel Lisk, your new Gas Scheduler. I'm slated to begin work on the Monday the 18th, and must say I am VERY excited to get started. It will be an honor to work for Enron. I know I am just beginning a long and productive career with an amazing company. I received your email address from Molly Magee. I had a few questions regarding Holiday plans and start-day preparation and she directed me to this email address. I know you are very busy, so please reply at your convenience. My first question regards holiday planning. If I remember correctly, it was mentioned someone was working or on call one weekend a month. It may be too early to tell, but if I'm scheduled to work that weekend (December 22nd - 25th) I would like to make plans accordingly. My mother in Missouri can be very persistent (aka annoying) and wants to know my plans. Also, I would like to put my name first on volunteers to work that weekend. However, I understand my lack of experience may prevent me from accepting that responsibility this soon. If I will not be working, may I ask that you tell me what days I will have off. I need to know if I should buy a plane ticket, get my car serviced for the drive, or make plans in Houston. Finally, I've bought a training video covering Excel and begun reading a book titled "Trading Natural Gas", by Fletcher J. Sturm (former senior trader of natural gas derivatives for Enron Capital and Trade). I want to start contributing from day one and would like to know if there is anything I can do to facilitate that. Any other programs, books, push-up and crunches, you could suggest would be aggressively pursued. I look forward to seeing you again next week Mr. Gay. My schedule on Monday appears to be; "New Hire Training" from 8:00 am to 4:00 pm. If possible, I can be on your floor early to observe, leave for training from 8 to 4, then return at 4:10 pm and stay until the close of business if you like? Thank you. Respectfully, Daniel D. Lisk Vinson & Elkins IPTL Project Assistant II 713-758-2213 [email protected] ++++++CONFIDENTIALITY NOTICE+++++ The information in this email may be confidential and/or privileged. This email is intended to be reviewed by only the individual or organization named above. If you are not the intended recipient or an authorized representative of the intended recipient, you are hereby notified that any review, dissemination or copying of this email and its attachments, if any, or the information contained herein is prohibited. If you have received this email in error, please immediately notify the sender by return email and delete this email from your system. Thank You
Thanks, Guys I have just finished reviewing the docs which provide a pretty clear picture of how the negotiations are going. This looks to be a pretty good outcome from a financing standpoint. I have not explained it to the lenders yet but will appraise them that a settlement is in progress and though there are some concessions, on balance we still have a strong package. The one area where I would suggest a change is with respect to the way you are handling the noise. I would suggest that instead of writing it with no test on gas, just relax the requirement to where they have to meet the World Bank Guideline on gas. Other than that it looks good but I have a few questions and clarifications, so maybe you and Cliff could call when you have a break in the action. Thanks Laine A Powell@ENRON_DEVELOPMENT 01/16/2001 03:23 AM To: Rob G Gay/NA/Enron@Enron cc: [email protected], Peter E Weidler/NA/Enron@Enron Subject: EOT Documents - Siemens Settlement Rob - Don't know if you have spoken to the banks or owners eng about the Siemens EOT settlement? Tried to set something up with you on Friday but did not hear back. In any case attached is the latest version of the document that covers the issue. This should not be sent to the banks since we are still negotiating with SCC however it gives a good indication of where we are going. If you need more information pls give Cliff a call or I can be reached tomorrow in Cuiaba. In any case next week we plan on closing this issue with Siemens and need bank sign-off real time as discussed. rgds Laine ---------------------- Forwarded by Laine A Powell/ENRON_DEVELOPMENT on 01/16/2001 07:19 AM --------------------------- "Rankin, Cliff" <[email protected]> on 01/16/2001 06:54:01 AM To: "Powell, Laine (Enron)" <[email protected]>, [email protected], "Guidry, John (Enron)" <[email protected]>, [email protected], "Rankin, Cliff" <[email protected]>, "'[email protected]'" <[email protected]>, [email protected] cc: Subject: EOT Documents Attached are (i) clean and black-lined drafts of the letter agreement among SCC and Contractors regarding Siemens' EOT claim, reflecting comments from V&E and Owner, and (ii) the initial draft of the letter agreement between EPE and Siemens AG regarding the TAA. If you have any difficulty opening the attached, please let me know by reply to this message. Thanks. ++++++CONFIDENTIALITY NOTICE+++++ The information in this email may be confidential and/or privileged. This email is intended to be reviewed by only the individual or organization named above. If you are not the intended recipient or an authorized representative of the intended recipient, you are hereby notified that any review, dissemination or copying of this email and its attachments, if any, or the information contained herein is prohibited. If you have received this email in error, please immediately notify the sender by return email and delete this email from your system. Thank You <<Letter Agreement re TAA.DOC>> <<Letter Agreement -- Siemens/SCC re EOT.DOC>> <<Letter Agreement -- Siemens/SCC re EOT(1).DOC>> - Letter Agreement re TAA.DOC - SCC re EOT.DOC - SCC re EOT(1).DOC
Thought you might be interested. Cuiaba is really taking a toll. Regards, Rob ---------------------- Forwarded by Rob G Gay/NA/Enron on 02/12/2001 09:45 AM --------------------------- John Novak 02/12/2001 01:48 PM To: Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard A Lammers/SA/Enron@Enron, Peter E Weidler/NA/Enron@Enron, Eddy Daniels/NA/Enron@Enron, Randy Young/NA/Enron@Enron, Celina Ozorio/SA/Enron@Enron, Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christiaan Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, [email protected], "PGS - Pedro G. Seraphim" <[email protected]>, Rob G Gay/NA/Enron@Enron cc: Subject: John Barquin FYI, I understand from John Barquin that he has decided to take a 1 year leave of absence from V&E, starting Feb 1. Cuiab? will be continue to be covered by Cliff Rankin and Steve Tarry and the rest of the V&E team. In addition, John will be available for consultation on historical matters as necessary. Regards, John
---------------------- Forwarded by Randall L Gay/HOU/ECT on 01/13/2000 12:42 PM --------------------------- Dawn C Kenne 01/13/2000 10:14 AM To: Jim Coffey/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Kristin Albrecht/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, D Todd Hall/HOU/ECT@ECT, Mark Fondren/HOU/ECT@ECT, Jackie Nelson/HOU/ECT@ECT, Karen Gruesen/HOU/ECT@ECT, Anita Eisenbrandt/HOU/ECT@ECT, Blanca A Lopez/HOU/ECT@ECT, Cassandra Pollack/Corp/Enron@ENRON, Justin Rostant/HOU/ECT@ECT, Patricia Bloom/HOU/ECT@ECT, Danthea Dumayas/HOU/ECT@ECT, Stacey Burnett/HOU/ECT@ECT, Jennifer K Longoria/HOU/ECT@ECT, Simone La Rose/HOU/ECT@ECT, Phyllis R Kennedy/HOU/ECT@ECT, Patricia Anderson/HOU/ECT@ECT, Rhonda Washington/HOU/ECT@ECT, Yvette Miroballi/HOU/ECT@ECT, Rebecca Ford/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, B Scott Palmer/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Trisha Hughes/HOU/ECT@ECT, Matt A Brown/HOU/ECT@ECT, Bennett Kaufman/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Rhonda Smith/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Mark Friedman/HOU/ECT@ECT, David Oliver/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kenneth W Walther/HOU/ECT@ECT cc: William Kelly/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT Subject: Y2K Data Thank you for your help in getting the Y2K data to us to burn onto the CD's. The next process is to destroy the CD's. All CD's will be destroyed if we do not hear back from you by 10:00 am tomorrow. Please contact Will Kelly at 853-9710 or by e-mail. Please relay this information to anyone in your group with data on these CD's to make sure they do not need it.
Yes. They are actually antique windows that I found at an antique store and decided to feature in the cabinet. It is really fun to visualize something like that and then make it happen. It happens a whole lot faster than Int'l Project Finance too!!
Can you believe this? We have more red tape than Washington on this. ---------------------- Forwarded by Randall L Gay/HOU/ECT on 10/17/2000 06:39 AM --------------------------- From: Bryce Baxter 10/16/2000 05:13 PM To: Audrey Cook/HOU/ECT@ECT cc: Stacy E Dickson/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Julie Meyers/HOU/ECT@ECT Subject: Penalties Stacy Dickson called, and she said penalties for non-performance in the past have been handled by supplying information to Legal and they will then write a letter to the counterparty stating that per the contract you were supposed to deliver X but you didn't perform, so now you owe us $Y. I asked her what she would need to do this and she gave me the following list of items. Please coordinate getting this to her - the spreadsheet you prepared may already have the volume comparison, prices, and penalty calc in it - we just need to get copies of the confirms and contracts. Let me know if you have any questions. Thanks. Counterparty Legal Name Copy of contract Confirm Actual Volumes Prices (prob gas daily) Amount we think the penalty should be
---------------------- Forwarded by Randall L Gay/HOU/ECT on 12/15/99 08:53 AM --------------------------- Enron North America Corp. From: Rebecca W Cantrell 12/14/99 05:07 PM To: Julie A Gomez/HOU/ECT@ECT, Chris Meyer/HOU/ECT@ECT, Ruth Concannon/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Theresa Branney/HOU/ECT@ECT, Paul T Lucci/DEN/ECT@Enron, Jane M Tholt/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Steven P South/HOU/ECT@ECT, Frank Ermis/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Cary M Carrabine/HOU/ECT@ECT, Ray Hamman/HOU/EES@EES, Katherine L Kelly/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Laura Luce/HOU/ECT@ECT, Steve Morse/HOU/ECT@ECT, Scotty Gilbert/HOU/ECT@ECT, Cary M Carrabine/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Robert Shiring/HOU/ECT@ECT, Tori Kuykendall/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Barend VanderHorst/HOU/EES@EES, Brenda H Fletcher/HOU/ECT@ECT, Jeff Coates/HOU/ECT@ECT cc: Subject: A Reminder -- 2000 GRI Surcharges Effective 1/1/00............ ---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 12/14/99 05:03 PM --------------------------- Enron North America Corp. From: Rebecca W Cantrell 11/10/99 05:39 PM To: Julie A Gomez/HOU/ECT@ECT, Chris Meyer/HOU/ECT@ECT, Ruth Concannon/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Theresa Branney/HOU/ECT@ECT, Paul T Lucci/DEN/ECT@Enron, Jane M Tholt/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Steven P South/HOU/ECT@ECT, Frank Ermis/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Cary M Carrabine/HOU/ECT@ECT, Ray Hamman/HOU/EES@EES, Michael H Garred/HOU/EES@EES, Katherine L Kelly/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Laura Luce/HOU/ECT@ECT, Steve Morse/HOU/ECT@ECT, Scotty Gilbert/HOU/ECT@ECT, Cary M Carrabine/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Robert Shiring/HOU/ECT@ECT, Tori Kuykendall/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Terri Walker/OTS/Enron@ENRON cc: Subject: 2000 GRI Surcharges Just a reminder that the GRI surcharges will go down for all member pipelines a bit effective 1/1/99, per the Settlement approved by FERC in April, 1998. Here are the rates through 2004: Rates (cents per Dth) 1999 2000 2001 2001 2003 2004 Commodity 0.75 0.72 0.7 0.5 0.4 0.0 High Demand* 23.0 20.0 9.0 6.0 5.0 0.0 Low Demand* 14.2 12.3 5.5 3.7 3.1 0.0 Small Customer 1.8 1.6 1.1 0.8 0.6 0.0 *refers to high load factor or low load factor customers.
---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/04/2000 11:07 AM --------------------------- "Vanessa Wilson" <[email protected]> on 04/04/2000 10:30:48 AM To: [email protected] cc: [email protected], [email protected], [email protected], [email protected], [email protected] Subject: Fwd: GE Letter Agreement Alan, In response to your e-mail, the Letter Agreement has not been further revised since I sent it to you on March 30th (that e-mail is attached hereto). The open issues relate to the following items in Attachment 8 which contains certain provisions to be used as part of the "Base Agreement:" 1. The issue detailed in the attached of whether WestLB will indemnify GEII against actions of the Enron entity acting as "Agent." Rob Gay is reviewing this issue. This issue would impact Section 20.1(a). 2. The inclusion of certain language that Enron has requested which would more clearly establish that GEII's indemnity obligation includes consequential damage claims by third parties. The language at issue appears in Sections 20.1(b) and 27.2. At Brett Wiggs' request, Cheryl Costa is discussing the above issues with GEII. If you have any questions or comments or would like to discuss the foregoing, please contact me at 713-655-5102. ------------------------------------------------------ This e-mail, and any attachments thereto, is intended only for use by the addressee(s) named herein and may contain legally privileged and/or confidential information. If you are not the intended recipient of this e-mail, you are hereby notified that any dissemination, distribution or copying of this e-mail, and any attachments thereto, is strictly prohibited. If you have received this e-mail in error, please immediately notify me at (212) 735-3000 and permanently delete the original and any copy of any e-mail and any printout thereof. Further information about the firm, a list of the Partners and their professional qualifications will be provided upon request. Date: Thu, 30 Mar 2000 12:16:35 -0500 From: "Vanessa Wilson" <[email protected]> Cc: [email protected] Subject: Fwd: GE Letter Agreement Mime-Version: 1.0 Content-Type: multipart/mixed; boundary="=_EEB7315F.5938C8D4" As requested, attached please find the e-mail I sent to Rob Gay to which the current draft of the Letter Agreement with GEII is attached and which briefly summarizes the indemnity issue we have been discussing. If you have any questions or would like to discuss the attached further, please feel free to contact me at 713-655-5102. Date: Tue, 28 Mar 2000 17:36:15 -0500 From: "Vanessa Wilson" <[email protected]> Cc: [email protected] Subject: GE Letter Agreement Mime-Version: 1.0 Content-Type: multipart/mixed; boundary="=_EEB7315F.5839C9D5" Rob, Attached please find the current draft of the Letter Agreement (32581.7), including Attachment 8 (32573.7) which sets forth various provisions to be included in the Purchase Agreement. Article 20 regarding indemnification is included in Attachment 8. As we discussed, West LB has some concerns regarding including language in Article 20 which GEII requested by which West LB would indemnify GEII for Enron's acts (in its capacity as Agent). West LB has suggested they would be willing to undertake this obligation if they are reimbursed by Enron through the Acquisition and Development Agreement. Today, for the first time, West LB indicated that they may require a cap on this liability for Agent's acts in the Purchase Agreement. GEII has requested that West LB undertake this obligation and Enron has agreed to pursue it with West LB. In light of this, the language which would establish West LB's indemnity obligation for the Agent's acts is not included in the current draft of Attachment 8. Please let me know how you would like to proceed. As I mentioned, we are trying to finalize the Letter Agreement with GEII very shortly. I apologize for any confusion and look forward to working with you on this matter. If you have any questions or would like to discuss this matter further, please feel free to contact me at 713-655-5102. Thanks, Vanessa. - 32581_7.doc - 32573_7.doc - 32614_2.xls
Marlene: the following information per your request to set up Transcolorado Pipeline in Global. Transcolorado Gas Transmission Company Interstate pipeline Address: 370 Van Gordon Street Lakewood, CO 80228 Phone # (Main) 303-763-3673 Contact: Steve Irizarry 303-763-3473 Rate Zones: Rocky Mountains San Juan Imelda: the curves you need to set up are Rocky Mountains: curve will be Wyoming Hub San Juan: curve will be El Paso San Juan Non-Bondad Thanks, and let me know if there are any additional questions.
---------------------- Forwarded by Rob G Gay/NA/Enron on 12/11/2000 09:59 AM --------------------------- "Jones, Matthew" <[email protected]> on 11/30/2000 01:25:58 PM To: "'Rankin, Cliff (V&E)'" <[email protected]>, "'Barquin, John'" <[email protected]> cc: "'Dutton, Chris'" <[email protected]>, "'Gay, Rob (Enron)'" <[email protected]>, "'Tarry, Steve (V&E)'" <[email protected]>, "''Novak, John (Enron)'" <[email protected]>, "Pirrie, Andrew" <[email protected]> Subject: ECA I attach DWS/Shell comments on the latest version of the ECA. The comments appear in the text in bold caps, underlined. The following also need to be included in the draft: 1. provisions for sponsor guarantee buyout, once agreed; and 2. a provision along the lines of Section 7.06 of the TBS Security Agreement (relating to step-in to the TBS agreements) so as to give SOTL/Enron Corp privity in relation to these rights. (This point was agreed with Mary some time ago in one of the New York meetings.) Consideration also needs to be given as to whether there should be express recognition of the rights of STDC and Enron Netherlands to subscribe subdebt under the ECA. Regards _____________________________________ Matthew Jones Denton Wilde Sapte One Fleet Place London EC4M 7WS UK Tel: +44 (0)20 7246 7500 Fax: +44 (0)20 7246 7777 E-mail: [email protected] _____________________________________ <<DWSShell comments on ECA.DOC>> ****************************************************************************** ** This e-mail is from Denton Wilde Sapte. Our web site is at http://www.dentonwildesapte.com A list of our partners may be inspected at our principal place of business, which is at Five Chancery Lane, Clifford's Inn, London, EC4A 1BU, UK. Our central telephone number is (0)20 7242 1212. This e-mail (including any attachments) is intended only for the recipient(s) named above. It may contain confidential or privileged information and should not be read, copied or otherwise used by any other person. If you are not a named recipient, please contact the sender and delete the e-mail from your system. ****************************************************************************** ** - DWSShell comments on ECA.DOC
We just had a call with Novak, Barquin (V&E) and Tozzini on options for next Monday such as economic equilibrium, arbitration, litigation etc. We will be putting all the results together for you by Friday Morning. In the mean time, it may be helpful for you to reflect on the following (particularly the table). This is really starting to bring it into focus for me. We will try to do the same for our options on Monday's decision.
It's not the same as a self evaluation form but I hope you find this informative as to my where abouts this year. I am collecting similar lists from the folks who report to me.
In non-default situations the Lenders allow the banks to have rights and typically substantial input on waivers modifications etc. As you can imagine the IFC would not want the liability of being responsible to B banks if they changed the deal without their consent and the B banks would e uncomfortable turning over that right to a third party. They would lose control of the credit process. Richard Quek@ECT 02/18/2001 11:50 PM To: Rob G Gay/NA/Enron@ENRON cc: Subject: Re: IFC Precedents Rob, Thanks for the feedback. Does the IFC veto cover all waivers, consents, approvals, etc (except for those that require unanimous approval like changes to pricing, tenor, security, etc, of course)? On the prepayment penalties (other than the customary break-funding costs), what have you seen, in terms of the levels imposed? Regards, Richard Rob G Gay@ENRON 02/15/2001 03:48 AM To: Peter N Anderson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Richard Quek/SIN/ECT@ECT Subject: Re: IFC Precedents There are prepayment penalties associated with IFC loans. As to the lender Veto, the Veto should only apply to the banks covered by their umbrella and should not be applicable to the relationship to other MLA's or uncovered lenders. For instance if OPIC is lending $50MM, FMO $10MM, and the B banks $40MM, the voting rights should be 50% for OPIC and 50% FMO (since FMO is the lender of record for the B banks). Unanimous consent items would then require both OPIC and FMO to consent. Peter N Anderson@ENRON_DEVELOPMENT 02/14/2001 10:45 AM To: Rob G Gay/NA/Enron@Enron cc: Subject: IFC Precedents Rob- I told Richard that I had no experience with IFC. Suggested that you may have. Regards ---------------------- Forwarded by Peter N Anderson/ENRON_DEVELOPMENT on 02/14/2001 10:44 AM --------------------------- Richard Quek@ECT 02/14/2001 10:34 AM To: Peter N Anderson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Subject: IFC Precedents Peter, As you might know, we are in the midst of discussions with a group of lenders on the Bulacan project in the Philippines. The lender of record if the FMO (Netherlands Development Finance Corporation) and the structure is modelled on the IFC "A" and "B" loan structure. As the "A" loan lender, FMO is saying that they want veto rights over all decisions that are to be taken by the lenders. Do you know if the IFC has such veto rights in their facilities - will greatly appreciate your feedback on this asap. In addition, does the IFC impose prepayment penalties? Regards, Richard
Those dates are fine for me. Copies of the docs will be sent your way shortly. Peter E Weidler 12/20/2000 08:57 AM To: Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Novak/SA/Enron@Enron, Joao Carlos Albuquerque/SA/Enron@Enron, Richard A Lammers/SA/Enron@Enron, Rob G Gay/NA/Enron@Enron, Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Felipe Ospina/NA/Enron@ENRON, Christiaan Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Kishkill/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron Subject: Cuiaba Project I have been informed that Cuiaba I is in Global Assets shop and that I have been tasked with responsibility for bringing it to successful closure. Think there are different definitions of successful closure. Financial close is key step - gets Enron's money out, but does not improve the economics of the project. I am looking to get as much of Enron's money out as possible and improve the economics of the remaining investment. Cuiaba I is very much intertwined with the GTB/Transredes chain - also with Cuiaba II - restructuring of the project is complex - but we have pretty clear contractual rights to restructure the supply - if the Furnas consent does not come - poker game becomes very high stakes during January - and of course compounding all this is construction and budget and the mark to market position. I would like to meet with Jose, John, Joao Carlos, Rick, Rob, Laine, Christiaan, and Felipe in Houston on the 8th, 9th and 10th (if needed) of January to go through this from top to bottom and figure out the game plan for how we are going to play these different opportunities off of one another. Please confirm your attendance - Joe/Orlando - if I am missing a key participant - please let me know. Rob - can you get someone to make copy of the PPA, GSA, and Key financing documents for me to read. Yvette - please get a large conference room for the three days. Pete
---------------------- Forwarded by Randall L Gay/HOU/ECT on 06/06/2000 12:50 PM --------------------------- "Barquin, John" <[email protected]> on 06/06/2000 09:14:52 AM To: "Rankin, Cliff" <[email protected]> cc: "'[email protected]'" <[email protected]>, "Novak, John (Enron)" <[email protected]> Subject: Hermes Fee Letter Cliff -- Can you please tell Rob and John what you need from them in order to finalize a draft of the Hermes fee/reimbursement letter?
Tracee, Could you print this out and let's try another round together. Thanks
This is the type of thing I'll be doing for the forseable future. It has been great working with you. Regards, Rob
---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/26/2000 04:04 PM --------------------------- Tori Kuykendall 04/26/2000 03:55 PM To: Randall L Gay/HOU/ECT@ECT cc: Subject: Fw: Corruption Test ---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 04/26/2000 03:53 PM --------------------------- Matthew Lenhart 04/26/2000 03:40 PM To: Tori Kuykendall/HOU/ECT@ECT cc: Subject: Fw: Corruption Test ---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/26/2000 03:39 PM --------------------------- Shirley Elliott <[email protected]> on 04/26/2000 08:03:31 AM To: [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], Allison Damon <[email protected]>, Josh Sherman <[email protected]>, Maria Vigil <[email protected]> cc: Subject: Fw: Corruption Test I think we've all seen a different version of this. ______________________________ Forward Header __________________________________ Subject: Fw: Corruption Test Author: [email protected] at Internet-USA Date: 4/26/2000 8:00 AM E-mail me back and let me know what you scored. - CORRUPTI.EXE - RFC-822.TXT ---------------------------- Forwarded with Changes --------------------------- From: [email protected] at Internet-USA Date: 4/26/00 8:00AM -0500 To: Shirley Elliott at DTT.US.HOUSTON *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA Subject: Fw: Corruption Test ------------------------------------------------------------------------------ -
---------------------- Forwarded by Randall L Gay/HOU/ECT on 03/30/2000 11:51 AM --------------------------- "Vanessa Wilson" <[email protected]> on 03/30/2000 11:16:35 AM To: [email protected], [email protected] cc: [email protected], [email protected], [email protected] Subject: Fwd: GE Letter Agreement As requested, attached please find the e-mail I sent to Rob Gay to which the current draft of the Letter Agreement with GEII is attached and which briefly summarizes the indemnity issue we have been discussing. If you have any questions or would like to discuss the attached further, please feel free to contact me at 713-655-5102. ------------------------------------------------------ This e-mail, and any attachments thereto, is intended only for use by the addressee(s) named herein and may contain legally privileged and/or confidential information. If you are not the intended recipient of this e-mail, you are hereby notified that any dissemination, distribution or copying of this e-mail, and any attachments thereto, is strictly prohibited. If you have received this e-mail in error, please immediately notify me at (212) 735-3000 and permanently delete the original and any copy of any e-mail and any printout thereof. Date: Tue, 28 Mar 2000 17:36:15 -0500 From: "Vanessa Wilson" <[email protected]> Cc: [email protected] Subject: GE Letter Agreement Mime-Version: 1.0 Content-Type: multipart/mixed; boundary="=_4E179871.E8897E40" Rob, Attached please find the current draft of the Letter Agreement (32581.7), including Attachment 8 (32573.7) which sets forth various provisions to be included in the Purchase Agreement. Article 20 regarding indemnification is included in Attachment 8. As we discussed, West LB has some concerns regarding including language in Article 20 which GEII requested by which West LB would indemnify GEII for Enron's acts (in its capacity as Agent). West LB has suggested they would be willing to undertake this obligation if they are reimbursed by Enron through the Acquisition and Development Agreement. Today, for the first time, West LB indicated that they may require a cap on this liability for Agent's acts in the Purchase Agreement. GEII has requested that West LB undertake this obligation and Enron has agreed to pursue it with West LB. In light of this, the language which would establish West LB's indemnity obligation for the Agent's acts is not included in the current draft of Attachment 8. Please let me know how you would like to proceed. As I mentioned, we are trying to finalize the Letter Agreement with GEII very shortly. I apologize for any confusion and look forward to working with you on this matter. If you have any questions or would like to discuss this matter further, please feel free to contact me at 713-655-5102. Thanks, Vanessa. - 32581_7.doc - 32573_7.doc - 32614_2.xls
Toni: can you please work up an offer for Josh Chapa for $60,000? Do not make the offer until you hear back from me, but I would like to move on this asap. Thanks.
Phone number at Enron is 713-646-7582 Address: Rob Gay Enron 333 Clay Street Houston, TX 77002
Isabel: It is ok to pay this invoice per Randy Gay. If you need anything else just let me know. Thanks.
terrific,thanks "Beckworth, Melissa" <[email protected]> on 12/06/2000 11:57:49 AM To: "Gay, Rob (Enron)" <[email protected]> cc: Subject: FW: FW: Cuiaba sub-debt Rob - I just received your message about the loan extensions and Central Bank registrations. I have been working with Celso Bernardi, Rafael Rangel and Rick Hopkinson of Enron and Fabio Yamada and Irenne Yamanaka of Machado Meyer on this. Also, I am preparing sort of a "critical path" items checklist on the sub-debt that John Barquin and I are going to discuss with John Novak tomorrow at 9 a.m. After we work through it, I would be glad to forward it to you. In short and in answer to your specific question, as advised by Machado Meyer, I think that we will either be reissuing new promissory notes for all of the sub-debt with new maturity dates or entering into loan agreements between EPE and GasMat (as Borrowers) and then the respective Enron and Shell lenders to extend the maturity date to December 31, 2001 as the note from Celso below explains. Then we will just deliver request for extension letters to the Central Bank to request them to amend the registrations to reflect the new maturity date. This should all be done before the existing loans mature on December 31, 2000. Please let me know if you have any further questions for now and I will keep you apprised of any developments. Regards, Melissa -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Thursday, November 30, 2000 2:27 PM To: [email protected] Cc: [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected] Subject: RE: FW: Cuiaba sub-debt Melissa, as agreed in the Cuiaba Owners Meeting yesterday, by Rick (Enron) and Johannes (Shell), we need to extend the maturity date of the shareholders loans to Dec. 31st, 2001 and keep all the other conditions. I am sending a confirmation to Shell of this and request a letter from the borrower talking about that. Also I have been in contact with Fabio and Yrenne about this issue. Please let me know if you need anything else. rgds Celso "Beckworth, Melissa" <[email protected]> on 29/11/2000 11:31:01 To: "Powell, Laine (Enron)" <[email protected]>, "Lammers, Rick (Enron)" <[email protected]> cc: "Novak, John (Enron)" <[email protected]>, "Beckworth, Melissa" <[email protected]>, "Lammers, Rick (Enron)" <[email protected]>, "Gay, Rob (Enron)" <[email protected]>, [email protected], "Barquin, John" <[email protected]> Subject: RE: FW: Cuiaba sub-debt FYI - Regarding Rick's note about the default interest, I have spoken to Fabio Yamada and Irenne Yamanaka of MMSO regarding what we need to do to document the extensions. Fabio says that we can have a simple loan agreement (I would assume there would be one between each Lender and the Enron/Shell borrowers) where the various parties agree to the extension. The notes would not have to be reprinted/replaced and can remain as they are. We would just send notification letters to the Central Bank requesting that the existing registrations be amended to reflect the extension. Rick Hopkinson is checking with Raquel Novais and Fabio Yamada of MMSO regarding any possible Brazilian tax issues that would arise from this transaction/extension. I will let you know when I receive that information. Regards, Melissa -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Wednesday, November 29, 2000 1:53 AM To: [email protected] Cc: [email protected]; [email protected]; [email protected]; [email protected]; [email protected] Subject: Re: FW: Cuiaba sub-debt Rick et al. Pls include Celso Bernardi on all these emails. rgds Laine Richard A Lammers@ENRON 29-11-2000 04:48 AM Sent by: Richard A Lammers@ENRON To: John Novak/SA/Enron@Enron, [email protected] cc: Richard A Lammers/SA/Enron@Enron, Rob G Gay/NA/Enron@Enron, Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Re: FW: Cuiaba sub-debt (Document link: A Laine Powell 2000) John I am board with the extension for sure.I do not agree with amending the notes to add the default interest provision if this will jeopardise our central Bank approval or cause other significacnt delays. Please advise as I will try to clear this with Celso tomorrowI John Novak 11/28/2000 09:51 AM To: Richard A Lammers/SA/Enron@Enron, Rob G Gay/NA/Enron@Enron cc: Subject: Re: FW: Cuiaba sub-debt (Document link: Richard A Lammers) Gents - let's add this to our list to discuss on the call this evening. "Beckworth, Melissa" <[email protected]> on 11/27/2000 07:11:59 PM To: "Novak, John (Enron)" <[email protected]> cc: Subject: FW: Cuiaba sub-debt John - What do you think? Can I go forward with this extension of the sub-debt until June 30, 2001? -----Original Message----- From: Beckworth, Melissa Sent: Tuesday, November 21, 2000 7:20 PM To: Novak, John (Enron); Barquin, John Cc: '[email protected]' Subject: FW: Cuiaba sub-debt Importance: High John/John - We have a new sub-debt issue -- The existing shareholder subordinated loan promissory notes have a maturity of the earlier of December 31, 2000 or the closing of third-party financing, and the Central Bank registrations reflect that. Celso has requested MMSO to draft letters to the Central Bank asking for an extension of the maturity to June 30, 2001. He says that Johannes Walzebuck has agreed to the extension of maturity for Shell but that he has had no response from Enron (I think he sent a message to Novak, Powell, Lammers, Rangel, Walzebuck and Dutton on Nov 13). The A&R SFA doesn't have an explicit maturity date for the loans but it has a form of note attached which carries the maturity date -- the notes are to be considered a part of the agreement. The form of note attached to the A&R SFA carries default interest but the simple form notes that are actually in existence (the ones that were just printed) do not have default interest provisions (we had to match the original registrations and default interest was not a registered payment condition). Unless you all want to just leave the notes and hope that we can collect default interest, I have asked MMSO what we need to do -- I assume we have to issue replacement promissory notes with the new maturity date. We would then send the notification letters to the Central Bank notifying them of the extension. We also need to address this in the 2nd A to the A&R SFA. My note below tries to explain what all is going on with the various assignments and notifications. The main thing I need from you is to let me know what your thoughts are from an Enron perspective and how you wish for me to proceed. Do you need to talk to Lammers/Powell/Gay? Let me know. Regards, Melissa -----Original Message----- From: Beckworth, Melissa Sent: Tuesday, November 21, 2000 3:59 PM To: '[email protected]'; Araujo, Renata Jayme De; '[email protected]'; '[email protected]' Cc: [email protected]; Barquin, John; Novak, John (Enron); Hopkinson, Rick (Enron) Subject: Cuiaba sub-debt Celso - I apologize that I have not been able to speak with you about this. I do not recall receiving a message from you about this previously, and I have been out of the office without access to my e-mail or international service all day today. The Amended and Restated Shareholders Funding Agreement will have to be amended (there is a 2nd Amendment in draft form right now that has not been finalized) to include a new form of note with the new maturity date. We will also have to draft some form of letter agreement/waiver to address the fact that the maturity of the previously issued promissory notes is being extended (perhaps this can just be an additional provision in the 2nd amendment). Fabio and Irenne - Will we need to issue replacement promissory notes with the new maturity date for all of the existing promissory notes or is there any other way to address this effectively under Brazilian law? Also, Fabio and Irenne - with respect to the notification letters for the TR Buyout loans, I wonder if it might be easier to go ahead and deliver the notices of assignment to the Central Bank because the loans that were assigned (and the loans mentioned in the letters) do not encompass all of the shareholder loans. The Shell assignment agreement for the SGL to SCHL assignment for EPE should be complete within the next few days and is dated "as of September 30, 2000". I assume Shell has notification letters to deliver as well for that assignment. Did you receive my fax with the mark-up of the notification letters? Maybe we could do this in two steps: 1) Deliver the notification of assignment letters and schedules for the Transredes Buyout and for the Shell assignment of EPE loans from SGL to STDCL. 2) Execute 2nd Amendment to A& R Shareholders Funding Agreement with new form of promissory note with new maturity and approving extension of maturity date of existing loans, complete the Enron assignments of the replacement notes (for EPE and GasMat credits) to Enron Netherlands Holdings B.V., and notify the Central Bank of the extension of the maturity date on the existing promissory notes and of the Enron assignments. The reason I suggest this breakdown is that the items in number 1 are basically complete and have been approved. The others are not complete yet and could be done in the next week or two. I know this is a lot to coordinate; you can let me know if you have suggestions about the different steps we should take and in what order. I will try to speak to John and John about the Enron approvals on this and get back to everyone. Regards, Melissa -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Tuesday, November 21, 2000 10:01 AM To: [email protected] Cc: [email protected]; [email protected]; [email protected]; [email protected]; [email protected] Subject: RE: Alteracao de Certificado de Registro Renata, I have been triyng to talk to Melissa on this issue, but she is not responding to me. I sent an email about this to Laine, Lammers, Rafael Rangel, Novak and Miguel Mendoza from Enron and Johannes from Shell. I only got answer from Shell approving my suggestion for extension. Also I need from someone to confirm that there is no restriction in the shreholders agreement about this extension. I requested Irene to send me the draft to save time in the near future. Let me know if you need aything else. rgds Celso "Araujo, Renata Jayme De" <[email protected]> on 20/11/2000 18:45:25 To: "'[email protected]'" <[email protected]>, "'[email protected] '" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]> cc: "Beckworth, Melissa" <[email protected]> Subject: RE: Alteracao de Certificado de Registro Dear all, I have spoken with Irene and she will get the remaining copies from Ricardo Pinto (from Machado Meyer), and Sandra Vassel. Irene has told me that the change in the dates of the certificates is due to the fact that the loans that are going to be used to repay the amounts reflected in the certificates are not going to be granted this year, but only mid next year. Therefore, the current date (12/31/2000) would be changed to June 30th, 2001. Celso, I would like to ask you to kindly confirm this understanding, since Irene has told me that you asked her to make the letters to the Central Bank notifying the date change, but she had not had more details about the matter. Finally, Melissa has asked Machado Meyer whether the current drafts of the letters to the Central Bank notifying the two assignment of credits (from Transredes to Enron and Shell, so called "Transredes Byout", and from Shell Generating to Shell Treasury) have to change due to the date change reflected in the new letters circulated below. Thank you for the attention. Regards, Renata -----Original Message----- From: [email protected] To: [email protected] Sent: 17/11/00 14:20 Subject: Alteracao de Certificado de Registro Renata, Eu envie copia das Atas da Reuniao dos Quotistas das duas empresas, onde eles aprovam a assinatura do Credit Assignment Agreement entre a Transredes e a Enron e a Shell de 15 de setembro de 2000. Nos nao temos outro documento que fale sobre isto. Voce poderia nos ajudar? no aguardo Obrigada! Cris ---------------------- Forwarded by Cristiane Mantelli/ENRON_DEVELOPMENT on 17/11/2000 16:13 Cris, "Irenne Yamanaka - (YAM)" <[email protected]> on 14/11/2000 17:17:17 To: <[email protected]>, <[email protected]>, <[email protected]> cc: "Fabio Yamada - (FBY)" <[email protected]> Subject: Alteracao de Certificado de Registro Prezados Senhores, Conforme solicitado, seguem anexas minutas das cartas a serem apresentadas pelo Banco Central, referentes a alteracao da data de vencimento dos emprestimos. Por favor, queiram nos informar acerca da situacao atual (i) do processo de cessao dos creditos da Transredes para os demais credores e (ii) do processo de cessao dos creditos pela Shell Generating Ltd. a Shell Treasury Dollar Company Ltd., para, se for o caso, efetuarmos as modificacoes necessarias nas minutas. Nesse sentido, esclarecemos desde ja que, no caso da cessao (ii) nao ter ocorrido, deverao ser apresentadas cartas referentes aos emprestimos concedidos pela Shell Generating Ltd. (11/1998 ate 12/1999) e, separadamente, outras cartas referentes aos emprestimos concedidos pela Shell Treasury Dollar Company Ltd. (01/2000 ate hoje). Permanecemos a disposicao para quaisquer esclarecimentos que se facam necessarios. Atenciosamente, Fabio Yamada Irenne Yamanaka (See attached file: extension.EPE.doc) (See attached file: extension.Enron.doc) (See attached file: extension.Transredes.doc) (See attached file: extension.Shell.doc) <<extension.EPE.doc>> <<extension.Enron.doc>> <<extension.Transredes.doc>> <<extension.Shell.doc>> ++++++CONFIDENTIALITY NOTICE+++++ The information in this email may be confidential and/or privileged. This email is intended to be reviewed by only the individual or organization named above. If you are not the intended recipient or an authorized representative of the intended recipient, you are hereby notified that any review, dissemination or copying of this email and its attachments, if any, or the information contained herein is prohibited. If you have received this email in error, please immediately notify the sender by return email and delete this email from your system. Thank You ++++++CONFIDENTIALITY NOTICE+++++ The information in this email may be confidential and/or privileged. This email is intended to be reviewed by only the individual or organization named above. If you are not the intended recipient or an authorized representative of the intended recipient, you are hereby notified that any review, dissemination or copying of this email and its attachments, if any, or the information contained herein is prohibited. If you have received this email in error, please immediately notify the sender by return email and delete this email from your system. Thank You ++++++CONFIDENTIALITY NOTICE+++++ The information in this email may be confidential and/or privileged. This email is intended to be reviewed by only the individual or organization named above. If you are not the intended recipient or an authorized representative of the intended recipient, you are hereby notified that any review, dissemination or copying of this email and its attachments, if any, or the information contained herein is prohibited. If you have received this email in error, please immediately notify the sender by return email and delete this email from your system. Thank You ++++++CONFIDENTIALITY NOTICE+++++ The information in this email may be confidential and/or privileged. This email is intended to be reviewed by only the individual or organization named above. If you are not the intended recipient or an authorized representative of the intended recipient, you are hereby notified that any review, dissemination or copying of this email and its attachments, if any, or the information contained herein is prohibited. If you have received this email in error, please immediately notify the sender by return email and delete this email from your system. Thank You
Thanks Well done. That's the best rate we have seen for some time. To: Rob G Gay/NA/Enron@Enron cc: Subject: PQP OPIC Certificates of Participation (COPs) Pricing Rob, for your info. the COP's were sold today. The Investor spd over UST was 105 bps and the UST was 5.31%.
Hi, we have been missing each other on the phone. Were you able to trace the package? My home Email is [email protected]
Guys: currently the system is designed to match upstreams and downstreams for buy/sells in contract exchange, and the scheduler would then recreate these paths in Unify. In my opinion this does not guarantee data integrity between the systems. Carrie and I have scheduled a meeting for 1:30 pm today in 21c2 to discuss. Please feel free to attend and give your opinions. ---------------------- Forwarded by Randall L Gay/HOU/ECT on 10/17/2000 06:35 AM --------------------------- Carrie Slagle 10/16/2000 05:11 PM To: Lisa Kinsey/HOU/ECT@ECT, Stacey J Brewer/HOU/ECT@ECT, Tricia Bowen/HOU/ECT@ECT, Eddie Janzen/NA/Enron@Enron cc: Randall L Gay/HOU/ECT@ECT, Molly Sumrow/HOU/ECT@ECT Subject: "Auto-Pathing" Buy/Sells Hello! Randy and I were discussing some additional functionality after the meeting today. . . Is there any reason that we could NOT automate the creation of the buy/sell or brokered paths in UNIFY once the deals have been matched in the Contract Exchange module? Will the Contract Exchange module contain enough information to create the UNIFY path just a scheduler would? In other words, is the path creation process for buy/sell deals only manual "re-entry" of the data that will be sitting out in Contract Exchange? OR is there additional information that you need to create the path that is not sitting in Contract Exchange? This, of course, assumes that the meter has been added to the deal in Contract Exchange and the deal has bridged from SITARA to UNIFY. It seems to us that this should be possible and valuable, but please give us your input! Thanks, Carrie
---------------------- Forwarded by Randall L Gay/HOU/ECT on 05/31/2000 11:30 AM --------------------------- To: Randall L Gay/HOU/ECT@ECT cc: Jeffrey C Gossett/HOU/ECT@ECT Subject: Sitara Deal # 96724 Alteration Hello, We had trouble calc'ing our BC Physical books yesterday and pinponted it to this deal, which had an addition yesterday. In order to get a calc. we deleted the day from the deal. This of course will go back in, and I just wanted to let you know what is happening. The deal was for 111 MMBTU's; EC - IM Canada BC buying from ENA - IM West; the entry was dated 05/24/00 to PGEN/KINGSGATE/KING from PGEN/KINGSGATE/KING for a fee of NOVA_AECO-DAILY-US-CGPR... I have let Rich Gebauer know about it on our end. Have a great weekend. Brian.
The insurance has been purchased by Enron exclusively to cover our equity and our subd debt through our commercial program (not OPIC). We have covered the following investments to date on Cuiaba. EPE $235MM GASMAT $ 60MM GASBOL $132MM Up to US$200MM could be reimbursed for an insuarble event. However, that $200 may be limited by draws associated with insurable events at other projects. This $200MM could be further limited by draws from other projects because the program has a cap of $250MM total, but the cap can be reinstated following a draw with an exclusion for the country where the previous hit occurred. Mariella Mahan@ENRON_DEVELOPMENT 02/02/2001 11:27 AM To: Rob G Gay/NA/Enron@ENRON cc: Tracee Bersani/HOU/ECT@ECT@ENRON, Peter E Weidler/NA/Enron@Enron, Richard A Lammers/SA/Enron@Enron, Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Novak/SA/Enron@Enron, Eddy Daniels/NA/Enron@Enron Subject: Re: Insurance Rob, Isn't the $200 million the cap of OPIC and doesn't that apply to 100% of the equity covered by OPIC, which means that, I guess (and I don't know if Shelll qualifies or if we structured around this) we share with Shell the $200 million on the basis of equity percentages held by each? Thanks Rob G Gay@ENRON 02/02/2001 09:27 AM To: Tracee Bersani/HOU/ECT@ECT cc: Peter E Weidler/NA/Enron@Enron, Richard A Lammers/SA/Enron@Enron, Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Novak/SA/Enron@Enron, Eddy Daniels/NA/Enron@Enron, Mariella Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Re: Insurance I believe that is correct. Tracee Bersani@ECT 02/01/2001 05:02 PM To: Rob G Gay/NA/Enron@ENRON cc: Subject: Re: Insurance Rob, Didn't he say we were only covered up to $200 MM (e.g. the limit of our contract frustration cover?) With the current Shell/enron sharing percentages, it would seem that we are entitled to 72% of the $360 MM payment or $259 MM, thus we would only be out by $59 MM. Tracee Rob G Gay@ENRON 02/01/2001 04:57 PM To: Peter E Weidler/NA/Enron@Enron, Richard A Lammers/SA/Enron@Enron, Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Novak/SA/Enron@Enron, Eddy Daniels/NA/Enron@Enron, Mariella Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tracee Bersani/HOU/ECT@ECT cc: Cliff Shedd/NA/Enron@Enron Subject: Insurance According to Cliff Shedd, we would be covered by insurance if we terminated the contract with Furnas and Furnas failed to pay the termination payment. However the insurers will only pay after we receive an arbitration judgement against them and the refuse to honor the judgement. I assume we would also have to exhaust our remedies against trhe guarantor (Eletrobras). Also, we are required to notify the underwriters immediately of a material default.
---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/18/2000 06:49 AM --------------------------- [email protected] on 04/18/2000 06:51:47 AM To: [email protected] cc: Subject: Brazil Daily Apr 18 ---------------------- Forwarded by Marcos Cunha/SAO/WLB on 18/04/2000 08:21 --------------------------- Frederico Turolla 17/04/2000 18:40 To: [email protected] cc: (bcc: Marcos Cunha/SAO/WLB) Subject: Brazil Daily Apr 18 (See attached file: bd000418.pdf) - bd000418.pdf
Thank you. Felipe Ospina 12/12/2000 08:58 AM To: Rob G Gay/NA/Enron@Enron cc: Richard A Lammers/SA/Enron@Enron, John Novak/SA/Enron@Enron, Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tracee Bersani/HOU/ECT@ECT Subject: Re: OPIC/KFW Next Steps Rob, I will start preparing the models and working with Tracee to make sure we have everything up to date for the lenders. Thanks. Rob G Gay 12/11/2000 04:24 PM To: Richard A Lammers/SA/Enron@Enron, John Novak/SA/Enron@Enron, Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Tracee Bersani/HOU/ECT@ECT, Felipe Ospina/NA/Enron@ENRON Subject: OPIC/KFW Next Steps I spoke with Mary Mervene this morning and the llenders declined to convene this week although we will arrange an ECA call for Thursday or Friday. Mary has requested that we do the following: 1) Send the Lenders and S&W the new budget info and the revised change order summary. 2) Revise the model to reflect the new costs and the new timeline. 3) S&W will review the model and then we will repeat the exercise of calculating fuel oil and Furnas penalty exposures. 4) Finalize sponsor support elements. This can all occur fairly quickly except I am concerned because we have not resolved the budget with Shell, and theoretically the lenders can take 30 days to review the model and budget when submitted. We also need to discuss strategy because we may want to delete the contingency from the budget since the lenders are going to want the sponsors to commit to some general contingency supporty anyway.
Rick, Laine, and John, please add any comments or subjects which you think Jim should address with Munoz. He would like to call him some time today.
will do Richard A Lammers 02/06/2001 12:43 PM Sent by: Richard A Lammers To: Rob G Gay/NA/Enron@Enron, Blanca Bollom/NA/Enron@Enron cc: Tracee Bersani@EES Subject: Latest Equity Contribution Agreement Rob - can you or Blanca send me the latese ECA so I can sent the exact covenant language regarding development costs on to Shell . We also need to decide if we need to revisit this with both Shell and the Lenders .Thanks.
He and I talked. You can stop bothering him for now. When we get him next week will extract our pound of flesh and we will make him buy the beer. From: Stephen Gray@ENRON_DEVELOPMENT on 12/06/2000 12:25 PM EST To: Rob G Gay/NA/Enron@ENRON cc: Subject: Re: Meetings next week Rob, Does this mean Cliff won't be available for our call on Friday or to return my three weeks of accumulated voice-mails and e-mails until next week? If so, I'll stop trying to reach him. Steve Gray
---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/07/2000 01:52 PM --------------------------- From: William Kelly 04/07/2000 01:52 PM To: Randall L Gay/HOU/ECT@ECT cc: Subject: Game I appreciate your inviting the Risk group on this outing. I understand about the ticket issue, but the gesture is what counts anyway. Thanks again. WK
---------------------- Forwarded by Rob G Gay/NA/Enron on 02/12/2001 05:16 AM --------------------------- Rob G Gay 02/12/2001 09:48 AM To: [email protected], "Kluesener, Frank" <[email protected]>, "Rivera, Nancy A." <[email protected]> cc: Subject: GSA On Friday we distributed RFPs for securing bridge gas. Letters went today to Chaco, TotalfinaElf, Andina, Maxus, BritishGas and Petrobras for them to quote us 6-month gas with our option to extend for another 6 months. We have given them until March 2nd to respond. Pete Weidler will meet with YPF (hopefully with Ernesto Lopez Anad?n) the week of the 19th.
Two agreements have been negotiated with Siemens as part of the plant turnover for Provisional Completion Phase III on oil: 1) the EOT Claim Agreement between Siemens and SCC and 2) modifications to the TAA between Siemens and EPE. The changes which the lenders should review are as follows: EOT Claim Agreement 14 Day Availability Test with respect to Provisional Completion Phase III on oil, on a look-back basis over 6 months, required as a specific performance requirement After PC on oil, Siemens can demobilize Compensation for commissioning on oil $5,720,000; $30,000 per day for owner delay Bonus of $15,000 per day that PC achieved before 17 Feb Phase III Substantial Completion on gas 60 days prior written notice on gas availability If sound level guarantees demonstrated on oil, only need to demonstrate far field sound on gas Owner must operate and maintain per O&M manuals and industry practices on oil; if not, owner must correct items materially affecting Contractor's commissioning obligations Performance guarantees remain in tact per EPC Long stop date on Phase III Substantial Completion on gas of 31 Dec 01 Substantial Completion on gas - punchlist limited to deficiencies from Work performed to achieve Substantial Completion on gas Risk of Loss remains with owner during commisioning on gas Siemens agrees to enter into negotiations to provide operational assistance Degradation - agree to use curves with credit to owner for degradation during commissioning Compensation for commissioning on natural gas $1,220,000 lump sum; $20,000 per day for owner delay Warranty - 6 months after Provisional Completion on oil Option to buy extended warranty for up to 6 months at $175,000; must elect 60 days prior to expiration of Primary Warranty Period Performance LD's on gas per the EPC contract with first $4,000,000 forgiven by owner Delay LD's on gas do not start until 60 days after performance test on gas Payments to be paid (including EOTof $5,720,000): 15 Feb $5,446,141; 28 Feb $14,353,401 with offset of $4,000,000 for Phase I LD payment due from Siemens to SCC Late payment interest rate of 14% TAA Agreement Effective date Provisional Completion Phase III on oil No 12 month look back 12 month Initial Guarantee Period, with the clock suspended for gas commissioning unless owner delay. Additional Insurance In order to provide the lenders an adequate warranty period on gas (if there are additional delays on the P/L) our Insurance group has indicated that we will have no problem obtaining 12 months renewable business interruption insurance when we go operational on gas. This should solve the issue over the revised warranty with Siemens because it covers defects, design, and workmanship on the turbines and includes lost profits, etc. Incidentally, for insurance purposes the turbines are designated DE3 which is not a new technology designation. The duration of BI coverage is 18 months per event with US$150,000 deductible. Typically we will always have this coverage in place but if their is a supplier warranty then the party providing the warranty pays ahead of the insurer. In the case where the supplier does not pay or the warranty has ended then the insurer is the primary. We will need to execute these agreements immediately. Please advise with your thoughts as soon as possible..
Bob: FYI, my guys tried again last night to update and were unable to.
Thanks Christiaan, but, why not 2 combustion turbines at 90 MW's each and the steam turbine fro whatever we can get? Christiaan Huizer@ENRON_DEVELOPMENT 12/19/2000 06:20 AM To: Rob G Gay/NA/Enron@ENRON cc: Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard A Lammers/SA/Enron@Enron, Tracee Bersani/HOU/ECT@ECT@ENRON, Felipe Ospina/NA/Enron@ENRON Subject: Re: EPE Dispatch Rob, Regarding items 1 and 2, please contact Lucio Reis in Sao Paulo office and he can explain. Item 3 is incorrect. The 300 MW would be generated by the two gas turbines at about 100 MW each and the remaining 100 MW coming from the steam turbine. The steam turbine receives its energy from the exit gases from the gas turbines and they both contribute equally to the resulting steam turbine output (theoretically at least, in practice depending on optimization of machines) Again, please talk with Lucio. Regards, Christiaan Rob G Gay@ENRON 12/18/2000 04:41 PM To: Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christiaan Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard A Lammers/SA/Enron@Enron cc: Tracee Bersani/HOU/ECT@ECT Subject: EPE Dispatch Here is what we have concluded based on discussions this morning: 1) We believe that Furnas has agreed to contract and pay for 300 MW on oil to meet regulatory requirements concerning required capacity and reserve margin. We do not believe that they intend for us to be dispatrched above 220 MW. (Do we have any document which could substantiate this?) 2) Although dispatch on a merit order basis would suggest that EPE runs full time (with 300 MW available), there are practical constraints in the transmission system which will prohibit this from actually occuring. [ Please describe these constraints using some official sounding jargon but minimal detail and in particular indicate what is involved to de-bottleneck and how long this will take. I presume that Furnas is solely responsible for the corrective measures.] 3) Based on our analysis, the optimal operating approach would be to generate 220MW with one turbine and 91 MW with the other for a total of 311 if dipatched above 220 MW. If we can prove that 1) & 2) are correct or convince the lenders that they are, then I think we can suggest that fuel oil exposure is negligibe if gas is ready by April 01. We will have to see how it looks when we add the Sue Garvin flex months. Therefore, a merit order analysis is only necessary if i) our supposition about Furnas' motivations are incorrect and/or ii) the transmission problem is cleared. If this happens it would be nice to be able to predict reduced fuel utilization due to a) reduced dispatch during daily off-peak hours or seasonal impacts, b) due to scheduled outages, and c) due to managing our availabilty in such a way as to reduce fuel consumption operating losses. Any data you can provide will be helpful. Have I successfully connected the dots here? If you have previously sent these materials to Felipe or Tracee please simply grumble to yourself if you have to do an extra e-mail to me. Remember, you don't have to be nice to a short timer unless you need them to get something done. Regards, Rob
---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/26/2000 04:57 PM --------------------------- Tori Kuykendall 04/26/2000 03:55 PM To: Randall L Gay/HOU/ECT@ECT cc: Subject: Fw: Corruption Test ---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 04/26/2000 03:53 PM --------------------------- Matthew Lenhart 04/26/2000 03:40 PM To: Tori Kuykendall/HOU/ECT@ECT cc: Subject: Fw: Corruption Test ---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/26/2000 03:39 PM --------------------------- Shirley Elliott <[email protected]> on 04/26/2000 08:03:31 AM To: [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], Allison Damon <[email protected]>, Josh Sherman <[email protected]>, Maria Vigil <[email protected]> cc: Subject: Fw: Corruption Test I think we've all seen a different version of this. ______________________________ Forward Header __________________________________ Subject: Fw: Corruption Test Author: [email protected] at Internet-USA Date: 4/26/2000 8:00 AM E-mail me back and let me know what you scored. - CORRUPTI.EXE - RFC-822.TXT ---------------------------- Forwarded with Changes --------------------------- From: [email protected] at Internet-USA Date: 4/26/00 8:00AM -0500 To: Shirley Elliott at DTT.US.HOUSTON *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA *To: [email protected] at Internet-USA Subject: Fw: Corruption Test ------------------------------------------------------------------------------ -
Bob: I am still wonderring why the external modems my group had were removed. It seems like I am always having to order modems and accessories every time we move anyone. Since we are getting ready to move again, maybe we should get an inventory of everything each logistic's person has at their workstation, and this is what should be moved.
This is the sponsor undertakings which we commonly refer to as the Central Bank Indemnity. ---------------------- Forwarded by Rob G Gay/NA/Enron on 12/20/2000 09:51 AM --------------------------- "RACITI, Melissa" <[email protected]> on 11/08/2000 11:07:55 AM To: [email protected], "Adriana Mathias Baptista (E-mail)" <[email protected]>, [email protected], [email protected], [email protected], "Ana beatriz kesselring" <[email protected]>, "Ana Silvia Dias" <[email protected]>, "Anabela de Oliveira" <[email protected]>, [email protected], "Analia Miqueri (BFM&L) (E-mail)" <[email protected]>, "Anamaria Rosenthal" <[email protected]>, "Andrea Gavino (E-mail)" <[email protected]>, [email protected], "Andreia Almeida" <[email protected]>, "Andrew Pierrie (E-mail)" <[email protected]>, "Barbara Boehm" <[email protected]>, [email protected], [email protected], "Beatriz Mello" <[email protected]>, "Blanca Bollom" <[email protected]>, "Bradley Barta" <[email protected]>, [email protected], "BURKE, Ted (TDB)" <[email protected]>, [email protected], "Carolina Galvao" <[email protected]>, "Chaim Wachsberger (E-mail)" <[email protected]>, [email protected], "Christian Huizer (E-mail)" <[email protected]>, "Claudia Bonelli" <[email protected]>, [email protected], "Cliff Rankin" <[email protected]>, [email protected], [email protected], "Daniela Serpa" <[email protected]>, "David Schumacher (E-mail)" <[email protected]>, "Deia Holzmann" <[email protected]>, "DELPINO, Fiorella" <[email protected]>, "ELORZA, Juliana" <[email protected]>, "Fatima Carr" <[email protected]>, "Fernando Aguirre (E-mail)" <[email protected]>, "Fernando Rojas (E-mail)" <[email protected]>, [email protected], "Frank Kluesener (KfW) (E-mail)" <[email protected]>, [email protected], "gabriela marques" <[email protected]>, [email protected], "Gra?a Pedretti" <[email protected]>, "[email protected]" <[email protected]>, "Heloisa Andrade (E-mail)" <[email protected]>, [email protected], [email protected], "Ivan Bole (BFM&L) (E-mail)" <[email protected]>, "Javier Errecondo (BFM&L) (E-mail)" <[email protected]>, [email protected], [email protected], [email protected], "Joana Ryan" <[email protected]>, "Joao Francisco Regos" <[email protected]>, "John Barquin" <[email protected]>, "John Novak" <[email protected]>, [email protected], "Jose Bestard" <[email protected]>, "Jos, Roberto Martins" <[email protected]>, "Juan Carlos Moreno (E-mail)" <[email protected]>, "Karla Wurth (E-mail)" <[email protected]>, "Karl-Heinz Wellmann (KfW) (E-mail)" <[email protected]>, [email protected], "Kruskaia Sierra-Escalante (E-mail)" <[email protected]>, "Laine Powell" <[email protected]>, [email protected], "Louis Piscitelli" <[email protected]>, "Maria del Carmen Ballivian (E-mail)" <[email protected]>, "Mary Mervenne (E-mail)" <[email protected]>, [email protected], [email protected], "Nancy Rivera (E-mail)" <[email protected]>, "O'BRIEN, Lisa" <lisa.o'[email protected]>, "Pablo Rojas (E-mail)" <[email protected]>, [email protected], "Pedro Seraphim" <[email protected]>, [email protected], "RACITI, Melissa" <[email protected]>, "Renata Araujo" <[email protected]>, "Ricardo Indacochea (E-mail)" <[email protected]>, "Ricardo Nogueira" <[email protected]>, "Ricardo Sanches" <[email protected]>, [email protected], [email protected], [email protected], "Rob Gay" <[email protected]>, "Robert Shapiro (E-mail)" <[email protected]>, "Roberto La Laina (E-mail)" <[email protected]>, "Rodd Werstil" <[email protected]>, "Rodrigo Sales (E-mail)" <[email protected]>, [email protected], [email protected], [email protected], [email protected], "SHAKOOR, Fiona" <IMCEAEX-_O=FRESHFIELDS_OU=USA-NEW+20YORK_CN=RECIPIENTS_CN=FSHAKOOR@freshfield s.com>, [email protected], "Stefan Unna (C&P) (E-mail)" <[email protected]>, "Stephen Coats" <[email protected]>, [email protected], "Steve Muller" <[email protected]>, [email protected], [email protected], [email protected], "Thomas Felsberg" <[email protected]>, "Thomas Mahaffey (E-mail)" <[email protected]>, [email protected] cc: Subject: Central Bank Agreement This e-mail is confidential and may well also be legally privileged. If you have received it in error, you are on notice of its status. Please notify us immediately by reply e-mail and then delete this message from your system. Please do not copy it or use it for any purposes, or disclose its contents to any other person: to do so could be a breach of confidence. Thank you for your co-operation. Please contact our IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email [email protected] if you need assistance. ================================================== Attached are clean and blacklined copies of the revised execution copy of the Central Bank Agreement. Best regards. - COMPARE001.DOC - NY003678709.DOC
I don't need to be involved in the wording of the L/C as long as Rick Lammers is involved and it should probably be the same or substantially similar to the existing one from ABN. If we have to do some free form work let me know and I will take a look at it.
John can you give me some feedback on this before it goes. I am waiting on input from Rick concerning the Vintage deal.
Bob: we probably need to get everyone together on this and come up with a consolidated stance before we go outside the group. As you pointed out, there are several areas that could open us up to potential problems. We want ot be careful not to get things out in the iopen that we do not want out. Thanks.
According to Cliff Shedd, we would be covered by insurance if we terminated the contract with Furnas and Furnas failed to pay the termination payment. However the insurers will only pay after we receive an arbitration judgement against them and the refuse to honor the judgement. I assume we would also have to exhaust our remedies against trhe guarantor (Eletrobras). Also, we are required to notify the underwriters immediately of a material default.
Toni: Debra is a nice enough person, but does not really fit our needs. She did not seem to fully understand what our job would entail, and I had a hard time figuring out what she does now. She does not seem to possess the energ y level or the sense of urgency our job requires. She is clearly not a hire from my perspective. Call me if you need anything else.
---------------------- Forwarded by Randall L Gay/HOU/ECT on 11/01/2000 11:01 AM --------------------------- From: Laird Dyer on 11/01/2000 08:59 AM PST To: Larry Joe Hunter/HOU/ECT@ECT cc: Randall L Gay/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, [email protected] Subject: American Public Energy Agency: Natural Gas Sale to APEA/Glendale Joe, Late last year Lucy Ortiz gave me your name as the contact regarding gas sales under the APEA contract. I have also been coordinating with Randy Gay in our Houston office regarding payments and deliveries. We have been notified by Coral Energy, representing the City of Glendale, that effective December 1, 2000, Glendale wants to receive their entire quantity (4,178 MMBtu/d) at the Nova Inventory Transfer ("NIT") point. This point is located in Alberta and will be supplied by Enron's Calgary office. Can you please notify Chase Manhattan, for purposes of settling the swaps associated with this transaction, to settle at NIT for December 2001 and beyond, unless another notice is issued to us. If you no longer have responsibility for managing these issues, could you please forward this to the correct person. Thanks, Laird Dyer (415.782.7805)
---------------------- Forwarded by Rob G Gay/NA/Enron on 01/11/2001 01:33 PM --------------------------- "Boehm, Barbara" <[email protected]> on 01/11/2001 01:52:39 PM To: "'[email protected]'" <[email protected]> cc: Subject: Meeting next week Rob Tom will be traveling next week. Is it possible to postpone our meeting until the next week (1/22 or 1/23) so that he can attend, and to give Frank more time to make arrangements to come over? Barbara
---------------------- Forwarded by Rob G Gay/NA/Enron on 02/05/2001 10:44 AM --------------------------- Rob G Gay 02/01/2001 10:50 AM To: [email protected], "Kluesener, Frank" <[email protected]> cc: Subject: Updated Memo I've updated the memo to insert the missing references. I also learned that he meetings with ONS and ANEEL are scheduled for tomorrow. Thanks
---------------------- Forwarded by Randall L Gay/HOU/ECT on 07/18/2000 11:38 AM --------------------------- [email protected] on 07/18/2000 11:02:43 AM To: [email protected] cc: Subject: For Kathleen Fwd: Islander Hi Kathleen, Attached is an e-mail from Mike Bass. My response follows. Anita Content-Transfer-Encoding: 7bit Return-path: <[email protected]> From: [email protected] Full-name: Mkbass1 Message-ID: <[email protected]> Date: Mon, 17 Jul 2000 21:47:48 EDT Subject: Islander To: [email protected] MIME-Version: 1.0 Content-Type: text/plain; charset="US-ASCII" X-Mailer: AOL 5.0 for Windows sub 119 Is it to late to change the Home Depot article. The issue with the county has been resolved Here is a revised version "The developer of the Home Depot/ Target Center on FM2094 is proceeding on plan. The developers have requested that the Texas Department of Transportation modify the new FM 2094 road to include three left turn lanes and a light at Miller Road. The Water District has agreed to also include the new center in their district as long as they pay any extra costs and meet certain other conditions. The Developers have agreed to pay the extra cost for both requests. The City passed a resolution to support both requests by the developer and to express our intention to annex the property once the developer closes on the property and makes an annexation request of the City. The County and the Developers have also agreed to share in resurfacing part, about 2100 feet, of Hanson Road- - a $200,000 cost. This is a significant expense on top of all the other cost mentioned above. But the project is proceeding as planned. The developers are still planning on closing on the property in the next few weeks." Mike Bass
Bob: per your request, here is the rundown on Patti's activities for August and beyond. 1. We calculated the amount we made on her experience in handling El Paso's transport to be close to $1 million/ month. 2. I could not even begin to calculate the amount made just by having her here. If Patti had just quit with everyone else gone, the amount lost on El Paso would be huge, including loss of credibility on our part with our customers. The exact amount would be close to $1 million/month I would think. 3. The spreads out West have been huge this summer. We were able to take advantage of this because Patti was here to do the scheduling during a very difficult time. 4. When I was out for the entire month of August, Patti was not only holding down a desk that usually three people handle, but was also filling in on management duties. 5. Patti worked 14 weeks in a row, including weekends, without taking a day off. She worked at least 12 hours a day during this time, handling several different jobs at a time. 6. The exact value of what Patti did is hard to determine. I would estimate that her presence here and stepping in to help out was woth about $5 million to the desk.
Jana: I would definitely like to have an analyst start as soon as possible. Let me know what the procedure is (i.e. do I interview, will an anlyst just be assigned to me, etc.) I had already talked to Mason Hamlin before, and he opted for another rotation, although he was perffectly acceptable to me. So let me know what I need to do and when I could expect an analyst. Also, a new hire analyst is acceptable. Thanks.
I have not been able to find out any details except that apparently he decided long ago that he would take some time off after becoming a partner and so now he is going to do it. I have never received a call from Bob Draggon. Should I still be expecting one or have you already convinced him? Dan Castagnola is being requested as my replacement on Cuiaba and Peter Anderson is also being discussed. I will be involved primarily to provide history and guidance, but it will be from my home or parts unknown. You can feel free to call me at any time (281-334-2360). I will be in the office here thru March 1. Kindest Regards Rob "Rivera, Nancy A." <[email protected]> on 02/13/2001 08:35:25 AM To: "'[email protected]'" <[email protected]> cc: "Mervenne, Mary" <[email protected]> Subject: RE: John Barquin What's with John? Is he OK? > -----Original Message----- > From: [email protected] [SMTP:[email protected]] > Sent: Monday, February 12, 2001 3:20 PM > To: Rivera, Nancy A. > Subject: John Barquin > > Thought you might be interested. Cuiaba is really taking a toll. > > Regards, > > Rob > ---------------------- Forwarded by Rob G Gay/NA/Enron on 02/12/2001 09:45 > AM --------------------------- > > > John Novak > 02/12/2001 01:48 PM > > To: Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard A > Lammers/SA/Enron@Enron, Peter E Weidler/NA/Enron@Enron, Eddy > Daniels/NA/Enron@Enron, Randy Young/NA/Enron@Enron, Celina > Ozorio/SA/Enron@Enron, Laine A > Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christiaan > Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, [email protected], > "PGS - Pedro G. Seraphim" <[email protected]>, Rob G > Gay/NA/Enron@Enron > cc: > > Subject: John Barquin (Document link: Rob G Gay) > > FYI, I understand from John Barquin that he has decided to take a 1 year > leave of absence from V&E, starting Feb 1. Cuiab? will be continue to be > covered by Cliff Rankin and Steve Tarry and the rest of the V&E team. In > addition, John will be available for consultation on historical matters as > necessary. > > Regards, > John > >
---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/28/2000 08:27 AM --------------------------- Elizabeth L Hernandez 04/28/2000 08:20 AM To: Randall L Gay/HOU/ECT@ECT, Steven P South/HOU/ECT@ECT, Tori Kuykendall/HOU/ECT@ECT, Frank Ermis/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Kimberly S Olinger/HOU/ECT@ECT, Nicole Cortez/DEN/ECT@Enron, Paul T Lucci/DEN/ECT@Enron cc: Hillary Mack/Corp/Enron@Enron Subject: West Desk & Denver Desk Effective immediately Hillary Mack will be taking over the Deal Validation piece of the West and Denver Desk. I would appreciate it very much if everyone would please call Hillary at X3-3425 for all issues pertaining to the West desk and the Denver desk. Randy, please forward this message on to the Logistics group. Effective May 1st I wll be doing the Deal Validation piece on the East Desk. Thanks again!
---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/19/2000 11:14 AM --------------------------- [email protected] on 04/18/2000 05:43:25 PM To: [email protected] cc: Subject: Brazil Daily Apr 19 ---------------------- Forwarded by Marcos Cunha/SAO/WLB on 18/04/2000 19:13 --------------------------- Nicola Tingas 18/04/2000 19:03 Sent by: Frederico Turolla To: [email protected] cc: (bcc: Marcos Cunha/SAO/WLB) Subject: Brazil Daily Apr 19 (See attached file: bd000419.pdf) - bd000419.pdf