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Enron Mail |
Dear Ken,
I tried to send this as a reply to both you and the Chairman of the Board b= ut it came back. Your admin said to just mail it directly to you. I think y= ou will be pleased (something you might need to feel right now?) at what I = have to say... -----Original Message----- From: =09Faircloth, Linda =20 Sent:=09Thursday, November 01, 2001 1:20 PM To:=09'Ken Lay- Chairman of the Board@ENRON' Subject:=09RE: Daily Update Importance:=09High This is an amazing letter and I am so happy that Mr. White stands behind us= !=20 I was born and raised in Houston and worked in Houston through the good tim= es and the bad. I agree wholeheartedly with his article and trust that our = company is working hard to make things right. Whether I am laid off or allo= wed to stay this year, I will always stand behind this company! I worked 1= 0 years at HL&P as an electrical field engineer from 1977 to 1987--through = gas lines and recessions and all kinds of internal problems. I know what it= 's like to feel belittled because the media makes such a ruckus about compa= ny policies that we had to paint over the HL&P bullet logo on our company c= ars and say that we worked for Houston Industries, not Houston Lighting and= Power. Shoot, I even had to face a double-barrel shotgun because I had on = a company uniform with HL&P on it! Well, we made it through it and now HL&= P is Reliant Energy, so restoration is always possible. I worked side-by-si= de with those committed Enron employees (most I had never met) helping to c= lean mud-laden homes from the tropical storm this year, and I was so proud = to say to my friends that Enron allowed it's employees to be a part of the = community clean-up. My daughter is a senior who volunteered her time during= Earth Day festivities here and met other young, innovative people who beca= me her new friends. I want her to keep this positive attitude about our com= pany. I've worked for DuPont, Xerox and Baroid, MCI and Worldcom, and Lyond= ell and other corporate giants in the past 10 years. Not one ever offered t= he kind of monetary help (not to mention excellent benefits and raises) tha= t Enron always provides.=20 I just want to say, Ken, keep up the good work! I'm proud to be an Enron e= mployee, and yes, even an EBS employee!! Sincerely, Linda Faircloth Sr. Specialist EBS - Global Network Management desk: 713-345-4556 cell: 713-419-0170 -----Original Message----- From: =09Enron Announcements/Corp/Enron@ENRON On Behalf Of Ken Lay- Chair= man of the Board@ENRON Sent:=09Thursday, November 01, 2001 11:15 AM To:=09All Enron Worldwide@ENRON Subject:=09Daily Update Today we announced another positive development in our efforts to regain sh= areholder and market confidence, strengthen our balance sheet and help main= tain our credit rating. We have executed a commitment letter with two of our longstanding banking p= artners, JPMorgan (the investment banking arm of JPMorgan Chase & Co.) and = Salomon Smith Barney (the investment banking arm of Citigroup Inc.), that w= ill provide us with additional secured credit lines worth $1 billion. Our = Northern Natural Gas Company and Transwestern Pipeline Company will support= these assets. The proceeds will be used to supplement short-term liquidit= y and to refinance maturing obligations. The pipelines are not being sold. Enron is only using these assets for thi= s new credit line. Secured financing like this provides an expeditious way= to increase liquidity and restore confidence. We also have the capacity t= o increase this facility by an additional $200 million if we bring in addit= ional banks to participate. This money is in addition to the $3 billion in our credit lines we accessed= last week to pay off short-term commercial debt and keep more than $1 bill= ion in cash. I know it is discouraging to read the negative media coverage about our com= pany. On a positive note, there was an editorial in last Sunday's Houston = Chronicle that I want you to read: <http://www.chron.com/cs/CDA/story.hts/= editorial/outlook/1107504<. This is an extremely difficult time for everyo= ne and I appreciate everything you do for Enron. Don't forget to read our voice mail and e-mail transcripts covering these d= evelopments on the Enron Updates intranet site at (<http://home.enron.com/u= pdates/<). Thank you.
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