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Enron Mail |
Sounds good.
From: Ben F Jacoby @ ECT 02/27/2001 06:58 AM Sent by: Ben Jacoby@ECT To: Kay Mann/Corp/Enron@ENRON cc: Fred Mitro/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron, Kathleen Carnahan/NA/Enron, Steve Thome, Christopher Calger Subject: Re: Panda Energy Kay: The deal is for all four units at $16.45 million each. I will talk to Lee Johnson this morning. Part of the deal will involve us purchasing 4 additional units from GE for a late '01 delivery. I'll call you after I talk to Lee. Regards, Ben Kay Mann@ENRON 02/26/2001 06:15 PM To: Fred Mitro/HOU/ECT@ECT cc: Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron, Kathleen Carnahan/NA/Enron@Enron Subject: Re: Panda Energy Fred, Dale Rasmussen has been handling the breakout contracts for the LV CoGen project, and I think the form is in good shape. However, the breakout contract is for all the LV Co Gen units, but that is easy enough to fix. Does GE know this is coming? What are you projecting for a closing date? We need the unit numbers (original and serial), associated delivery dates, price attributable to the units (maximum liability amount), price to sell the LLC member interests, and the contact persons from Panda for the contract. Will there be a development fee, and if so, how much? If you get me the particulars of the deal we can work on it in house. We have the forms, so we can get cracking without outside counsel. In fact, I've been working on the form letter agreement today in connection with the other deal. Retaining outside counsel requires internal approval, which I'm sure we can get in the next day or two, assuming no conflict of interest. I can get started on the process if you are ready. If you think these guys are serious, we can set up the LLC's. We may want two LLC's if the total price is in excess of $50mm. Kathleen, please talk to me before we do this as I think we should discuss the slate of officers. Kay Fred Mitro@ECT 02/26/2001 05:56 PM To: Stephen Thome/HOU/ECT@ECT cc: Ben Jacoby/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Kay Mann/Corp/Enron@Enron, Chris Booth/NA/Enron@Enron, Kathleen Carnahan/NA/Enron@Enron Subject: Panda Energy Steve: I talked with Ben this afternoon and understand that we are ready to proceed with Panda Energy in a transaction involving the sale of member interests in special purpose entities associated with the four(4) LV units. I have left a message with Panda letting them know that we are prepared to proceed and will begin preparing a set of draft definitive agreements for their review. I have asked Panda to confirm that they are ready to receive these documents and proceed. I understand that you are in Houston. Please call/see me tomorrow morning so that we can discuss this transaction. Kay: We need to prepare a draft set of definitive agreements for this transaction. Can Carolyn complete this while you are in New York? Also, what is the status of the LM Breakout contract for the 4 LV units. Let me know. Kathleen: We need to confirm tomorrow morning that we have received executed CA's from Panda. I have the CA execution originals for the four Panda entities at my desk for Ben's signature. These need to be received prior to sending Panda the definitive agreements. We will fax signature pages to Ben tomorrow. Chris: See me tomorrow morning to discuss the technical spec's that were sent to Panda I will be at my desk by 8 am tomorrow morning. Thanks, Fred x35406
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