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Enron Mail |
Alan,
The points are fine. I'm not sure if it will help, but we may consider stating in item 2 that there is no Enron Corp. payment or performanceguaranty in connection with these contracts. [Note to Alan & Mark: Payment support is instead provided by a sophisticated payment priority and trustee-to-trustee payment mechanism that is designed to provide payment to LNG contractors prior to debt service under most circumstances]. On your point regarding naming the suppliers, there are no restrictions on mentioning generic information, such as names, quantities, start dates, etc., all of which has been put into the public domain through various press releases and other agreed promotional materials. Nevertheless, I'd recomment that we avoid specifically naming the suppliers, and instead just refer to them generically as "DPC's two Middle Eastern LNG fuel suppliers." I absolutely agree that any additional detail we offer at this point will likely invite still more questions and get us deeper into a discussion on issues for which we don't presently have any firm answers. Dan Alan Aronowitz@ECT 01/11/2001 05:38 PM To: Mark E Haedicke/HOU/ECT@ECT cc: Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Talking Points for India LNG Contracts Per your request, here's a stab at the talking points: The two Dabhol Power Project's LNG term supply contracts for Phase II are between the power plant's owner, Dabhol Power Company ("DPC"), and Oman LNG LLC, and Abu Dhabi Gas Liquefaction Company Limited, respectively ("LNG Suppliers"). [Mark, we could potentially spell out more details about the contracts, but I don't think it would be wise b/c it may invite more detailed inquiries and, more importantly, DPC has confidentiality provisions to uphold]. The LNG Contracts are solely the obligations of DPC, which is owned in part by an Enron affiliate and other third parties. There is no Enron Corp. credit support for these obligations. DPC has a team in place that is closely and actively monitoring and assessing all aspects of the Indian power market situation, including the fuel supply aspects Preliminary discussions between DPC and the LNG Suppliers indicate a willingness on the part of both parties to satisfactorily resolve any fuel supply-related issues stemming from the Indian power market situation Please let me know if you would like to discuss. Regards, Alan Note: Dan, please indicate if you think the names of the suppliers can/should be mentioned in the talking points.
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