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Enron Mail |
Brenda: Thanks. Also, do you have a Raptor IV minibook? We don't have any
Raptor IV documentation. Do both swap parties intend to transfer positions? Sara Shackleton Enron North America Corp. 1400 Smith Street, EB 3801a Houston, Texas 77002 713-853-5620 (phone) 713-646-3490 (fax) sara.shackleton@enron.com Brenda L Funk/ENRON@enronXgate 02/28/2001 11:50 AM To: Joel Ephross/ENRON@enronXgate, Sara Shackleton/HOU/ECT@ECT cc: Subject: FW: Raptor 2 - Sale of CEG/RioGas Just to clarify... the transfer of the swap has not been put on hold, but the sale of the assets hedged by the swaps. I have been working on the asset sale out of Rawhide, but I'm not familiar with the transfer of the swap. Sara, I will send executed copies of the swaps shortly. Thanks, B -----Original Message----- From: Funk, Brenda L. Sent: Wednesday, February 28, 2001 11:35 AM To: Ephross, Joel Cc: Shackleton, Sara Subject: RE: Raptor 2 - Sale of CEG/RioGas Just an update... I spoke with V&E this morning and the sale has been put on hold. The negotiations broke down last week and, with the holiday, there has been no further progress. I'll let you know when I get an update. Thanks, B -----Original Message----- From: Ephross, Joel Sent: Wednesday, February 28, 2001 11:31 AM To: Shackleton, Sara; Funk, Brenda L. Subject: FW: Raptor 2 - Sale of CEG/RioGas -----Original Message----- From: Baker, Ron Sent: Thursday, February 15, 2001 9:12 AM To: Siurek, Ryan; McKean, George; McKillop, Gordon; Ephross, Joel Subject: Raptor 2 - Sale of CEG/RioGas FYI I was just notified that the sale of CEG and RioGas which are hedged in Raptor 2 will likely close next week. Current estimates indicate that the loss on the sale will be around $30MM. It is expected that the sale of the one remaining South American LDC will result in gains that will more than offset this loss. Obviously, those expectations can change, but I wanted to keep everyone informed on this. Ryan - This expected realized loss is exactly the situation which most concerned us in the meeting with Patti this week. Is there anything we can do to push them towards resolving that timing of realized losses is irrelevent, and this is not an issue?
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