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-----Original Message-----
From: "JOHN G KLAUBERG" <JKLAUBER@LLGM.COM<@ENRON [mailto:IMCEANOTES-+22JOHN+20G+20KLAUBERG+22+20+3CJKLAUBER+40LLGM+2ECOM+3E+40E NRON@ENRON.com] Sent: Thursday, March 08, 2001 11:18 AM To: Williams, Robert C. Cc: Steffes, James; Tribolet, Michael; Shapiro, Richard; vsharp@enron.com; kcsmith@gateway.net; mday@gmssr.com Subject: Negative CTC Bob: Pursuant to our discussions, attached is a brief listing of some of the pros and cons we talked about regarding the Negative CTC. This is not all inclusive, but I thought it would assist our discussions. The arguments here focus solely on legal ones. It does not address the policy issues/considerations that the Negative CTCs obviously raise. I have copied those shown as "CCs". Could you forward to anyone else who should receive this. John "This e-mail, including attachments, contains information that is confidential and it may be protected by the attorney/client or other privileges. This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s). If you are not an intended recipient, please delete this e-mail, including attachments and notify me by return mail, e-mail or by phone at 212 424-8125. The unauthorized use, dissemination, distribution or reproduction of the e-mail, including attachments, is prohibited and may be unlawful. John Klauberg LeBoeuf, Lamb, Greene & MacRae, L.L.P. 212 424-8125 jklauber@llgm.com - negctc.doc
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