Enron Mail

From:jose.bestard@enron.com
To:keith.miceli@enron.com
Subject:Epec Privatisation
Cc:michael.guerriero@enron.com
Bcc:michael.guerriero@enron.com
Date:Fri, 8 Jun 2001 04:51:00 -0700 (PDT)

The news that we are buying the "Pliego" may be mis-interpreted that Enron is
changing its posture and -- those crazy people in Enron South America are
going back purchasing assets.

Mike wants to buy the document to analyze how Enron my be able to participate
in this market. He has made it clear to the local officials that we do not
intend to buy the distribution wires. Please pass the word if it comes up.

Jose

---------------------- Forwarded by Jose Bestard/ENRON_DEVELOPMENT on
06/08/2001 11:41 AM ---------------------------


Michael Guerriero@ENRON
06/08/2001 07:25 AM
To: Joe Kishkill/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Keith
Miceli/Corp/Enron@Enron, Brett R Wiggs/SA/Enron@Enron, Remi
Collonges/SA/Enron@Enron, Britaldo Soares/SA/Enron@Enron, Jose
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sergio Assad/SA/Enron@Enron,
Buenos Aires Argentina - Office Staff, Maria Ines Granado/SA/Enron@Enron,
Guillermo Atenor/SA/Enron@Enron, Diego Hollweck/SA/Enron@Enron, Bernardo
Andrews/SA/Enron@Enron, Julian Poole/SA/Enron@Enron, Rodolfo
Freyre/SA/Enron@Enron, Patrick Hansen/SA/Enron@Enron, Federico
Cerisoli/SA/Enron@Enron, Roberto Volonte/ENRON@enronXgate, Guillermo
Canovas/SA/Enron@Enron
cc:

Subject: Epec Privatisation

We have just completed our review the Epec distribution assets and the final
meeting with senior representatives of the Epec privatisation. We have
concluded there is limited value in Enron pursuing the regulated wires
business but also that there is potential value in Epec's generation assets
such as the Rio Grande Peaking Unit and other commercial opportunities in
Cordoba. To this end we are purchasing the distribution pliego of Epec to
gather pertinent energy market information.

In the next week you may see Enron being listed as a purchaser of the Epec
pliego. To avoid any confusion, particularly for our Argentine employees, I
am informing all of you of our commercial intentions are still to pursue the
peaking assets and other commercial opportunities in Cordoba.

Please let me know if you have any questions.

MFG