Enron Mail

From:james.saunders@enron.com
To:a..howard@enron.com, tracy.geaccone@enron.com
Subject:NNG/Dynegy Due Diligence
Cc:rod.hayslett@enron.com, harry.walters@enron.com, john.cobb@enron.com,lisa.sutton@enron.com
Bcc:rod.hayslett@enron.com, harry.walters@enron.com, john.cobb@enron.com,lisa.sutton@enron.com
Date:Wed, 28 Nov 2001 05:36:03 -0800 (PST)

Re the due diligence request: Historical management financials w comparisons to budget..." = Not Available

We have financial comparisions (income) to the most recent current estimate at that time, but not the original budget.
Also, NNG management reports are NOT legal entity, but are "NNG Group", which is inclusive of ENE's investment in Trailblazer and Overthrust.
Our only true legal entity financials are historical comparatives and only prepared quarterly and annually for noteholders, and annually for the FERC (Form2).


Comments???