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Enron Mail |
The questions are primarily legal/credit related. I will make sure Elizabet=
h=20 and Mark are aware of this and that we discuss it as soon as we can. I=20 personally prefer NOT to talk to any reporter and if a lawyer is going to d= o=20 the job, it should be Elizabeth of Mark. My imagination's tendency to=20 "contemplate" could kill us in print. ----cgy To: Christian Yoder/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Mark E=20 Haedicke/HOU/ECT@ECT cc: Eric Thode/Corp/Enron@ENRON=20 Subject: Risk Magazine Questions risk magazine has requested an interview with enron regarding risks=20 associated with the western power markets. eric thode has lined me up to= =20 talk with them. after seeing the questions that they are interested in, it= =20 seems to me that they are most interested in understanding legal and=20 contractual risks in the west. while i am happy to talk with them, you guy= s=20 are the experts on these matters. what do you think of the questions posed= =20 below? should someone from the legal team talk to them instead of me? let= =20 me know your thoughts. ---------------------- Forwarded by Tim Belden/HOU/ECT on 04/18/2001 08:13 = AM=20 --------------------------- Eric Thode@ENRON 04/17/2001 02:41 PM To: Tim Belden/HOU/ECT@ECT cc: Debra Davidson/PDX/ECT@ECT=20 Subject: Risk Magazine Questions Here are the proposed questions from Dwight Cass of Risk Magazine. Give me= a=20 call or send an e-mail if you need anything else. I sent the proposed times for the interview earlier. They are 11:00 am or= =20 1:00 pm your time on Wednesday or Thursday of this week. Please advise=20 regarding your preference. Thanks Eric ---------------------- Forwarded by Eric Thode/Corp/Enron on 04/17/2001 04:= 36=20 PM --------------------------- "Dwight Cass" <dcass@riskwaters.com< on 04/17/2001 04:06:57 PM Please respond to "Dwight Cass" <dcass@riskwaters.com< To: <eric.thode@enron.com< cc: =20 Subject: questions for Tim Eric ? Here are the main questions I would like to pose to Tim. Beyond these=20 specifics, I would like to know how he thinks the California situation has= =20 affected energy trading in general. Please let me know if you or he would= =20 like more information. ? Thanks for your help - Dwight ? 1) How have energy trading contracts held up under the stress of the=20 California crisis? 2) Does Enron use its own contract, or does it use the EEI-NEM master=20 agreement? 3) Have traders changed any provisions in the contracts, or added clauses, = to=20 better deal with the market=01,s price volatility or increased credit risk= ?=20 4) Last year there was concern over the adequacy of trading contracts after= =20 Cinergy=01,s force majeure claim. Is there similar concern in California? 5) Are the remedies for failure to deliver or supply adequate?=20 6) Is the market now comfortable with the definition of force majeure? 7) Do you feel the contracts adequately protect energy trading concerns fro= m =20 lawsuits and/or regulatory (e.g., FERC or PUC) interference in California? 8) Has the very high level of price volatility caused the firm to change ho= w=20 it hedges its own trading inventory? How important is it in this environme= nt=20 to own physical supply? 9) Has the high level of counterparty credit risk (e.g., PG&E) caused your = =20 firm to change its credit risk policies or hedging strategies? 10) Does having a sophisticated credit risk trading entity (Enron Credit)= =20 under the Enron umbrella help the energy trading desk deal with counterpar= ty=20 credit issues? Dwight Cass Americas Editor - Risk magazine Risk Waters Group 270 Lafayette Street; Suite 700 New York, NY 10012 (212) 925-1864 ext. 190 www.risk.net
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