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Enron Mail |
The draft looks accurate regarding facts and history.
In paragraph 11 I would suggest that you consider adding the reason given by El Paso for this requested change: internal accounting flexibility, i.e. that they may wish to house these swaps in some other El Paso entity in the future for bookeeping convenience. When this change was agreed it was with the understanding that the Guaranty would follow the swaps. Even if the actual documentation is ambiguous this was the explicit understanding of those present at the time the request was made and the change agreed. From: Andrew Edison on 05/04/2001 04:50 PM To: Mark E Haedicke/HOU/ECT@ECT, Charles Ward/Corp/Enron@ENRON, Joseph Deffner/Enron@EnronXGate, Lisa Mellencamp/HOU/ECT@ECT, Brad Alford/NA/Enron@Enron, Richard B Sanders/HOU/ECT@ECT, W David Duran/HOU/ECT@ECT cc: Subject: El Paso -Petition for Declaratory Relief Attached is a draft of the declaratory judgment action prepared by Baker Botts, our outside counsel on this matter. A conscious effort has been made for the petition to be short and sweet. However, we need to make sure the underlying facts and the history of the transaction are described properly. Please take a few moments to review this draft and forward me any comments by e-mail or fax (713-646-3490). Thanks. - Petition for Declaratory Relief.DOC
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