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Enron Mail |
John, what do you think of this.
From: Doug Leach 10/26/2000 03:25 PM To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT cc: John L Nowlan/HOU/ECT@ECT, Michael A Robison/HOU/ECT@ECT Subject: deal Mike/Jeff, I met with Jim Bernhard, Chairman, President and CEO of the Shaw Group, who owns Stone & Webster (see below) on Monday and he gave his blessing to move forward asap with a crude supply and/or product off take JV at the Orion refinery in Norco, La. I am going to NYC in early November to meet with First Boston and see how real this opportunity could be and whether we want to enter into an MOU with Shaw. I have been keeping Larry Lawyer advised and he is willing to help the process any way possible. Doug ---------------------- Forwarded by Doug Leach/HOU/ECT on 10/26/2000 03:00 PM --------------------------- From: Doug Leach 10/19/2000 02:17 PM To: Larry Lawyer/Enron Communications@Enron Communications cc: Michael A Robison/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT Subject: deal Larry, I am working with Stone & Webster, a large EPC company who wants Enron Global Fuels to work with them regarding the crude oil supply and refined products offtake at a refinery in Norco, La. This is a 200,000 barrel per day refinery capable of using heavy crude oil and has a 75,000 barrel a day coker unit. They own a 12.5% interest in the Orion refinery (formerly called Goodhope) and Credit Suisse and First Boston own a combined 68% equity share. Jack Stanley, who was involved in this refinery in the past has no current or future ownership or involvement in the refinery. I told S&W that it was a prerequisite that Mr. Stanley not be involved in any way before I would send them a standard ENA confidentiality agreement and start preliminary discussions about our role with the refinery. So far they have neither offered, nor asked Enron for any equity involvement, but rather are focused on us proposing physical liquid fuels and risk management structures. I am waiting for S&W to schedule a meeting in Baton Rouge with their top management to discuss their plans and how we can assist. Hopefully, this will lead to something tangible and I will bring you into the picture so we can do some kind of financial structure or equity along with, or in lieu of, the supply/offtake angle. I realize refineries have been a non-starter with Mr. Skilling, but with good crack spreads and new management within EGM maybe there is a possibility here. Please keep this very confidential. Regards, Doug
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