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Enron Mail |
Dan,
This is in response to my continued efforts with legal to make note of my intended priority of executing a Master Firm with Coastal Energy (formerly Engage US). As previous e-mails below indicate and phone calls with the ENA legal group and Coastal, the draft has yet to be sent out. I have confirmed with Coastal today, they have STILL not received the draft although are expecting this from ENA. We have outstanding exposure with this entity and is important from a credit, legal, and contractual standpoint that an agreement is executed. I understand that in the past they have been unwilling to negotiate a Master although I want one put in place. Please do what you need to, to get this draft sent to the counterparty. Regards, Russell ---------------------- Forwarded by Russell Diamond/HOU/ECT on 10/13/2000 10:00 AM --------------------------- From: Russell Diamond 09/28/2000 10:07 AM To: Dan J Hyvl/HOU/ECT@ECT cc: Debra Perlingiere/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT Subject: Re: Engage Dan, Per Debra's e-mail to me, why can we not include other entities on this guaranty, it seems we have got guaranty's in place with other counterparty's in which they reference specific contracts as well as entities not related to the contract, i.e. Sempra, Duke, Aquila, Dynegy,...... Dan, I see the execution of this contract as a priority considering the trading volumes on Enron Online and current market conditions. I know in the past, we have been unable to negotiate a Master Firm with Engage US, although their legal group is fully aware of our request to negotiate a contract. Please send the draft out to the contact listed on the credit worksheet and priortize the negotiation of this contract. Regards, Russell DEBRA PERLINGIERE 09/27/2000 12:05 PM To: Russell Diamond/HOU/ECT@ECT cc: Dan J Hyvl/HOU/ECT@ECT Subject: Engage This draft has not been sent due to pending guaranty issues. The attached has guaranties for The Coastal Corporation and Enron Corp. for 20mm / 30 mm ( per your change) and are specific to this agreement. Dan has advised the guaranties are written for the agreement and we cannot change to include other Enron Companies. You will need to contact Enron Corp. for a guaranty to included other companies. Please let me know how you wish to proceed. Finally, the contact on your worksheet is Faye Carlin (713) 877-7133 Debra Perlingiere Enron North America Corp. Legal Department 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron.com Phone 713-853-7658 Fax 713-646-3490
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