Enron Mail

From:richard.sanders@enron.com
To:rcarroll@bracepatt.com
Subject:Re: Chargeback Complaint Case
Cc:
Bcc:
Date:Thu, 5 Apr 2001 10:33:00 -0700 (PDT)

file it but check w/Carl Ekland at Leboef in Denver to make sure we
understand the risk



"Ronald Carroll" <rcarroll@bracepatt.com<
04/05/2001 11:00 AM

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cc: <Andrew.Haller@PacifiCorp.com<
Subject: Chargeback Complaint Case


PRIVILEGED AND CONFIDENTIAL
ATTORNEY WORK PRODUCT

As many of you probably know by now, our chargeback case is scheduled for
next week's FERC agenda. Thus, if its not too late already, it is imperative
that we file our answer to the PX's answer ASAP. In this regard, no party
filed a reply yesterday in opposition to the PX's motion to the bankruptcy
court to lift the automatic stay. It is my understanding that a proposed
order is circulating among applicable bankruptcy counsel. If all counsel
sign today, the PX intends to file it with the court tomorrow and we could
conceivably get an order from the court tomorrow modifying the stay.

I am advised, however, that if not all counsel are available to sign the
proposed order today, the PX intends to simply file the proposed order with
the court tomorrow. In this event, under local rules, the court must wait
seven days before entering an order modifying the stay. Of course, this will
be after FERC's meeting next week.

Assuming that an order is not issued tomorrow, the question for the group is
whether we should file our answer tomorrow in any event. The theory would be
that since the debtor itself sought to modify the stay so as to permit
litigation of the chargeback proceeding to continue, no party opposed the
motion, and the debtor filed a proposed order with the court to modify the
stay, any violation of the automatic stay would be technical at best, and
unlikely to be raised by the PX in the bankruptcy proceeding. (This argument
would be enhanced if the PX requests the court, when it eventually enters its
order, to do so retroactively to April 6).

I would like to hear from the parties (including bankruptcy counsel) whether
they endorse or oppose this approach. Thanks. Ron

P.S. if you are aware of any members of our group that have been left off
this email, please let me know.