Enron Mail

From:m..presto@enron.com
To:angela.davis@enron.com
Subject:RE: Enron-SE Corp.
Cc:lloyd.will@enron.com
Bcc:lloyd.will@enron.com
Date:Mon, 7 Jan 2002 13:25:02 -0800 (PST)

I want to make sure we get the hardware and software (I agree that this is =
already the property of ENA) into Netco like we have the rest of the softwa=
re/hardware critical to the trading organization. The payable is sunk and=
should be left with the estate.

-----Original Message-----
From: =09Davis, Angela =20
Sent:=09Monday, January 07, 2002 8:14 AM
To:=09Presto, Kevin M.
Cc:=09Schuler, Lance (Legal)
Subject:=09FW: Enron-SE Corp.

See the below. Do you still want to transfer the hardware and software? A=
lso, I would assume that Netco would assume the $1.5 million payable. Shou=
ld the memberships be assigned, if assignable?

Angela D. Davis
Enron North America Corp.
1400 Smith Street, EB3817
Houston, Texas 77019
Tel: (713) 345-8347
Fax: (713) 646-3393
e-mail: angela.davis@enron.com

-----Original Message-----
From: =09Davis, Angela =20
Sent:=09Monday, January 07, 2002 7:53 AM
To:=09Schuler, Lance (Legal); Muller, Mark S.; 'mitch.taylor@weil.com'; 'st=
uart.ogg@weil.com'; 'mary.korby@weil.com'
Subject:=09Enron-SE Corp.

I have been told that all control area agreements have lapsed and are no lo=
nger in effect. Per David Portz, there are still in existence memberships =
with regional authorities (you pay dues and you get to vote) which he says =
will lapse when the regional authorities determine that Enron no longer con=
trols any load. Also, there are items of software and hardware used by Enr=
on-SE Corp., which would be transferred to Netco. I do not think that the =
hardware and software is owned by Enron-SE, since purportedly the only asse=
t showing on the books of Enron-SE is a receivable of $1,218 from ENA. The=
software and hardware was purchased from ESCA and $1.5 million is still ow=
ed. David Portz thought that EPMI or ENA actually purchased the hardware a=
nd software (and I think probably still owns it). I am attempting to ascer=
tain ownership from accounting. Based on these facts, it does not appear t=
hat there is any great benefit to the estate in keeping the hardware and so=
ftware. Further, the outstanding payable of $1.5 could be transferred to N=
etco.



Angela D. Davis
Enron North America Corp.
1400 Smith Street, EB3817
Houston, Texas 77019
Tel: (713) 345-8347
Fax: (713) 646-3393
e-mail: angela.davis@enron.com