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Enron Mail |
Just FYI: This litigation assessment was requested to support an Enron
guaranty for $16 million to back up a SECLP indemnity as part of a settlement agreement whereby Foster Wheeler and Raytheon agreed to replace the faulty boilers at the Puerto Plata plant, in exchange for certain releases from liability. Foster Wheeler and Raytheon requested this guaranty because our SECLP partner, Don Smith, refused to sign the settlement agreement (not unusual conduct for Don). This settlement was finally & successfully concluded last night after years of tedious and protracted negotiation. We are pleased to finally have concluded this settlement because the boilers are currently being held together with paper clips and scotch tape. Now, we no longer have to send Richard to the DR to hold them together with his brute strength which was my back up plan. Call me if you have any questions. 56159 Regards, Michelle ---------------------- Forwarded by Michelle Blaine/ENRON_DEVELOPMENT on 01/10/2001 02:49 PM --------------------------- From: Rob Walls@ENRON on 01/10/2001 02:33 PM To: Michelle Blaine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Chip Schneider/NA/Enron@Enron Subject: Re: Enron Guaranty Michelle - Thanks for the email. I think you should send a copy to Mark Haedicke and Bruce Lundstrom (and Richard Sanders?) since they are responsible for the DR.. Michelle Blaine@ENRON_DEVELOPMENT 01/08/2001 02:12 PM To: Rob Walls/NA/Enron@Enron cc: Chip Schneider/NA/Enron@Enron Subject: Enron Guaranty Rob, This document is addressed to you and is the litigation group's analysis supporting the Enron guaranty in connection with the settlement agreement with Raytheon and Foster Wheeler. Bob and I actually did the analysis and drafted this sometime ago and Chip Schneider needs this official memo today to finalize the guaranty process. We have discussed this before and there is nothing you need to do unless you have a question. Call me if you do. Regards, Michelle
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