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Enron Mail |
Elizabeth,
Carol and I had a conversation (with Justin Boose mostly listening in) about how best to coordinate her much welcomed support for West Desk EEI deals and out of that conversation I would like to propose that we send the following message to Tim and the Mid-Marketers. The message is designed to enforce a kind of teamwork discipline and approach to EEI work that Steve, Justin and me have been developing here. Obviously the message will not be sent until you and Carol are happy with it, and my suggestion is that you, Elizabeth, should send the message. Mid-Marketers: The legal team supporting West Desk Trading has been strengthened by the addition of Carol St. Clair of ENA's Houston legal department. Carol is going to concentrate on negotiating high priority EEI Agreements. We are trying to build an improved process for supporting EEI negotiations that involves a teamwork approach among a team of lawyers working together along the following lines. The idea is to create a steady processing of all EEI agreements at one level, while at the same time, having the flexibility to keep our most experienced trading attorneys working on our highest EEI priorities at any given time. The highest priority EEI agreements will be those where we are trying to get new, long term business. Justin Boose of Stoel Rives will have the responsibility to drive Stage 1 and Stage 2 of the EEI process. Stage 1 is all internal steps required to send a Cover Sheet including credit terms to the Counterparty. These steps will involve getting the credit work sheet from Credit to our paralegal, Genia Fitzgerald and getting the Cover Sheet including the credit terms from Genia, proofreading it and identifying who to send it to. Stage 2 is harassing the Counterparty and, in cooperation with Mid-Marketers, getting the right people from the CP to look at our Cover Sheet and reply with comments. Christian and Carol will be primarily responsible for Stage 3 of the EEI process, with Steve Hall also involved in this stage from time to time as other priorities may permit. Stage 3 is driving the negotiations from the completion of Stage 2 to closing. Pat Boyston will be asked to join Stage 3 to help address all muni issues and to close out other issues as well from time to time. Eventually Justin will grow into providing Stage 3 support. The critical credit liaison function will be made by the responsible attorney as the process moves to completion, with Legal taking the responsibility to drive the overall process to completion. We believe this kind of disciplined approach by this team should provide an enhanced level of support for EEI negotiations day in and day out if everybody recognizes who is expected to do what during the three Stages. Christian has the responsibility to see that either he or Carol or Steve are concentrating on the highest priority EEI negotiations at any given time. Support for EEI negotiations is only part of the legal work that must be done for the West Desk and prioritizing the other work will be handled by Christian and Steve, working with me in Houston. ----E. Sager.
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