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Enron Mail |
Boyd confirmed his availability. We expect his call at 10:30 a.m. this
morning. Thanks! DT <<< <Kay.Mann@enron.com< 06/13/00 09:06AM <<< FYI. Is there a conference call scheduled for today, and is Boyd available tomorrow? Thanks, Kay ---------------------- Forwarded by Kay Mann/Corp/Enron on 06/13/2000 09:05 AM --------------------------- (Embedded image moved to file: From: Gregg Penman pic18735.pcx) 06/13/2000 07:50 AM To: Kay Mann/Corp/Enron@Enron cc: Subject: Re: Revised RM Policy Per my voice mail, will you please take a quick look at my edits to Vlady's draft risk management policy attached below. I don't think any of them are problematic, but Vlady has some concerns mainly because the base Enron Corp. risk management policy was used as the template and therefore I am effectively making edits to it. I will be leaving the office today around 11:00 so I want to turn this to Peoples before then if possible. On any other business, I will be unavailable from 1:30 to probably 3:00 today, but can be reached via pager 800-980-1771 or cell phone 312-925-8888 at any other time. As always - thanks for your help. Gregg ---------------------- Forwarded by Gregg Penman/Corp/Enron on 06/13/2000 07:45 AM --------------------------- To: Vladimir Gorny/HOU/ECT@ECT cc: Subject: Re: Revised RM Policy (Document link: Gregg Penman) Some comments on your comments: Section II: I don't like the title "Commercial Development Manager" but rather "Risk Manager" Response: The title Commercial Development Manager comes from the MEH Operating Agreement. We can amend the LLC Agreement if necessary, but it seems burdensome since the title is only a formality. However, as currently written, the Commercial Development Manager is the person responsible for managing the daily business, i.e. similar to a desk director. In order to maintain control of this position, it can only be filled by an Enron nominee and will report directly to the MEH General Manager, Laura Luce of Enron. Section VII: Majority of the wording came initially from attorneys, I would recommend confirming that. Response: I will run this by the attorneys. However, from a technical perspective, Section VII refers to employees of MEH. No one in the Chicago office is an employee of MEH, but rather we all remained employees of our respective organizations. I will ask the attorneys if we need to limit all Chicago based employees, both of Enron North America and Peoples Energy Resources. Section VIII: Who is the General Manager of MEH? Response: As mentioned above, Laura Luce, Vice President of Enron North America Is Enron North America Corp. a legal entity? Response: Yes, Enron North America Corp. replaced Enron Capital Trade and Resources as the Wholesale business of Enron Corp. Unless you know something different, I believe that to be a true statement. Let me know if any of my responses don't make sense or you still have any questions. I am still going to try to get this out by 10:00 or so. Gregg To: Gregg Penman/Corp/Enron@ENRON cc: Subject: Re: Revised RM Policy (Document link: Gregg Penman) Policy Comments: Section II: I don't like the title "Commercial Development Manager" but rather "Risk Manager" Section VII: Majority of the wording came initially from attorneys, I would recommend confirming that. Section VIII: Who is the General Manager of MEH? Is Enron North America Corp. a legal entity? Vlady. (Embedded image moved to file: From: Gregg Penman @ ENRON pic24074.pcx) 06/12/2000 02:03 PM To: Vladimir Gorny/HOU/ECT@ECT cc: Subject: Revised RM Policy Vlady - As we discussed, I am attaching my revisions to your initial draft. They are mainly cosmetic attempts to make the RM Policy terms consistent with the MEH Operating Agreement and separate MEH from any behind the scenes reporting or controls that ENA chooses to place on Richard/MEH. Let me know if you have any concerns about my edits. I would like to send this to Peoples end of day today. I will follow up with Structuring to find a body to model the underlying asset position. Thanks - Gregg (See attached file: MEH Risk Policy 061200.doc)
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