Enron Mail

From:lance.schuler-legal@enron.com
To:mark.haedicke@enron.com
Subject:Risk Memos and Legal Committee
Cc:
Bcc:
Date:Thu, 4 Jan 2001 08:50:00 -0800 (PST)

As for the email on Risk Memos: I thought it looked good and is very
appropriate. I did note that there were 4 categories for low risk
jurisdictions, and only 3 categories for each of medium and high risk
jurisdictions. Maybe we cannot have a "no legal" risk in a high risk
jurisdiction; but what about "many significant" legal issues in a medium risk
jurisdiction? Is this then too many categories? Also, would it make any
sense to have ratings of 1 through 4 only, with a requirement to specify
whether we are dealing with a low, medium or high risk jurisdiction? In
other words, could anyone be confused into believing that a rating of 4 is
better than a rating of a 5? As currently set forth, a higher rating does
not necessarily equate to a greater risk. Unless a reader were very familiar
with the rating scale, someone might interpret a low number, out of say 10,
as having minimal risk, when ratings 4, 7 and 10 may actually be the "worst".

As for the OGC and Legal Committee: I note only that Dan and Lisa would no
longer be on the LC. How do you think we would convey this to them? Also, I
was understanding that Stuart would start to be included. I have also been
asked recently where Randy Young technically fits within the system. He is
on the OGC, but I am still confused where he is technically on some
organization chart.

Thanks. Lance.

W. Lance Schuler
Enron North America Corp.
1400 Smith Street, EB 3826
Houston, Texas 77002
Phone: 713/853-5419
Fax: 713/646-3393
Email: lance.schuler-legal@enron.com