Enron Mail

From:chris.foster@enron.com
To:barry.tycholiz@enron.com
Subject:FW: Citizens - Deal structure summary
Cc:kim.ward@enron.com, dan.hyvl@enron.com
Bcc:kim.ward@enron.com, dan.hyvl@enron.com
Date:Thu, 7 Jun 2001 03:47:00 -0700 (PDT)

Here is the other e-mail.

C

-----Original Message-----
From: Smith, Sarabeth
Sent: Wednesday, June 06, 2001 9:33 AM
To: Soldano, Louis; Hawkins, Don; Bouillion, James L.; Foster, Chris H.
Subject: Citizens - Deal structure summary

As a follow up to yesterday's meeting, below is a summary of the course of
action to be taken in response to Citizens comments on the service agreement
with EAMR.

? Enron will work with Citizens to put an insurance policy in place, which
meets the insurance provisions requested by Citizens and which names both
Citizens and EAMR as policy holders. See attached file for proposed policy
details.
? The cost for this policy (not to be revealed to Citizens) will be between
$5,000 and $7,500 and will be paid for by ENA.
? ENA will enter into a side letter agreement with EAMR, which will provide
for the insurance premium payment.
? Upon agreement with Citizens on the insurance policy details, EAMR is
agreeable to executing a services agreement with Citizens, however, Citizens
must agree to EAMR's indemnity and liability contract language as written in
its original draft (see attached below).


Attached is a file containing Citizens' comments on its draft services
agreement with EAMR. Article 8 of the draft agreement details the insurance
provisions requested by Citizens.

For reference, the original draft sent to Citizens dated effective January
15, 2001 is attached below: