Enron Mail

From:sara.shackleton@enron.com
To:chris.foster@enron.com
Subject:Re: Delano/Thermo Ecotek Meeting
Cc:
Bcc:
Date:Wed, 9 Feb 2000 01:16:00 -0800 (PST)

Sounds like an interesting meeting. SS





From: Chris H Foster 02/08/2000 03:54 PM


To: Tracy Ngo/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Gaurav
Babbar/HOU/ECT@ECT
cc: Ozzie Pagan/HOU/ECT@ECT
Subject: Delano/Thermo Ecotek Meeting

The meeting with these guys will be on the 17th in Houston. The agenda will
be:

1) Matching physical and financial: what are the benefits and risks of
separating the physical and financial components of a transaction? What
happens when your physical output volume differs from the swap volume? Chris
will handle this.

2) Unit contingency insurance: What is ENA doing with respect to offering
this product to its clients? How does thisreduce risk when a generator's
physical volumes do not match the swap volumes? Gaurav will be handling this.

3) Review of the swap contract language with special focus on focusing on
credit and how the Thermo Ecotek (or Thermo Electron) credit amount will be
allocated to their individual generation subsidiaries. Tracy and Sara will
handle this.

I plan to start at 9:30 and be done at 12:00 noon. Feel free to attend the
entire meeting or just your part.. Also, we will go out to lunch thereafter
and you are invited if you'd like.

Tracy has graciously volunteered to get us a conference room.

Sara/Guarav: we will let you know the conference room number.

Thanks again! Let's hope they don't cancel this time.

Chris