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Enron Mail |
That's too bad. i am sure you learned a lot from the experience which will
serve you well on the next one. Keep plugging. Pablo Acevedo @ ENRON 08/01/2000 12:39 PM To: Scott Neal/HOU/ECT@ECT cc: Subject: Bunge Energy Analysis This is how far we got with these guys. We did our best, believe me. Pablo- ---------------------- Forwarded by Pablo Acevedo/SA/Enron on 08/01/2000 08:41 AM --------------------------- From: Gary Mirich@EES on 07/26/2000 12:54 PM CDT To: rfarmer@bunge.com cc: Douglas Condon/SFO/EES@EES, Pablo Acevedo/SA/Enron@Enron, Lamar Frazier/NA/Enron@Enron Subject: Bunge Energy Analysis Dick, As we discussed today, Enron's analysis of Bunge's energy information indicates inadequate regulatory and pricing opportunity for Enron to create additional value for Bunge. Electricity: The predominance of electricity usage occurs in states that are either several years away from enacting deregulation or where the rules are insufficiently determined at this time to even estimate an opening date. When opening dates are more clearly defined and we have confidence in energy curves for those markets, then we could revisit this area of your energy profile. Natural Gas: Bunge has taken the initiative to engage in several longer term supply and transporation agreements which have effectively managed your price/therm. For those reasons, the opportunities are very limited for Enron to apply a consolidation approach and provide compelling additional value for Bunge. As we agreed in January, the first objective was to define the potential for mutual value and then decide what, if any next steps were appropriate. I regret we will not be able to help Bunge at this time, but know that Enron will remain interested in assisting your company in the future if and when market conditions afford us that opportunity. Please feel free to contact me at any time in the future if I can help answer further questions for you or others who have been involved in this process. Dick, thank you again for providing your time and attention to this inquiry process. Sincerely, Gary Mirich
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