|
|
Enron Mail |
Carol - It is hard for me to concur without hearing from Jim as to exactly
which trades he views as Allegheny's. Jim - Let's go through the list on Monday, ok ? - L < -----Original Message----- < From: Carol.St.Clair@enron.com [SMTP:Carol.St.Clair@enron.com] < Sent: Thursday, May 17, 2001 5:25 PM < To: LMcMurray@exchange.ml.com < Subject: RE: Merrill/Allegheny Deals < < Locke: < Do you concur? < < Carol St. Clair < EB 3889 < 713-853-3989 (Phone) < 713-646-3393 (Fax) < carol.st.clair@enron.com < ----- Forwarded by Carol St Clair/HOU/ECT on 05/17/2001 04:24 PM ----- < < "Tucciarone, James" < <jtucciarone@aeglobalma To: "'Carol.St.Clair@enron.com'" <Carol.St.Clair@enron.com< < rkets.com< cc: Elsie.Lew@enron.com, "':Rhonda.L.Denton@enron.com'" < <:Rhonda.L.Denton@enron.com<, "Conte, Rita M." < 05/17/2001 01:40 PM <rconte@alleghenyenergy.com<, "Yaish, Yair" <yyaish@aeglobalmarkets.com<, < "Schubiger, Michael" <mschubiger@aeglobalmarkets.com<, "Sheybani, Robert" < <rsheybani@aeglobalmarkets.com<, "Jimenez, Tanya" < <tjimenez@aeglobalmarkets.com<, "Orr, Tom" <torr@aeglobalmarkets.com<, < "'ldorr@exchange.ml.com'" <ldorr@exchange.ml.com< < Subject: RE: Merrill/Allegheny Deals < < < < < < 5/17/2001 < < Dear Ms. St. Clair, < < In my discussions with Rhonda L Denton, I understand that certain Enron < transactions have been confirmed < as Merrill Lynch Transactions. My understanding of the facts are that < Merrill Lynch has not entered into any < Financial Swaps with Enron North America since 3/16/2001. Any Financial < transactions after March 16, 2001 < should be confirmed as Allegheny Energy as governed by the ISDA Master < Agreement signed on March 16, 2001. < < I have confirmed these facts with Ms. Lucy Dorr of ML Client Services; < similarly, Lucy has discussed this matter with < Locke Mc Murray, Counsel to ML Commodities. < < The deals in the attached list show ML as the counterparty on Financially < Settled Power Swaps which is incorrect. < Merrill Lynch has entered into Physical Settlement Power transactions which < should be confirmed with ML for < billing purposes. < < Allegheny Energy would be happy to supply a letter to Enron to confirm < these < facts. < Please feel free to contact me should you need further help in resolving < this matter. < < < Best Regards, < James M. Tucciarone < Director < Middle Office < Allegheny Energy Global Markets < (212)224-7052 < < -----Original Message----- < From: Rhonda.L.Denton@enron.com [mailto:Rhonda.L.Denton@enron.com] < Sent: Tuesday, May 15, 2001 3:03 PM < To: jtucciarone@aeglobalmarkets.com < Cc: Carol.St.Clair@enron.com; Elsie.Lew@enron.com < Subject: Merrill/Allegheny Deals < < < (See attached file: merrillissue.xls) < Here is a spreadsheet of deals done since 3/19/01, the closing date for the < transfer. Locke indicated that the deals in yellow are the ones that are < Merrill deals. The ones in blue were traded the day of the closing and < were supposed to be netted and were not included on the transfer exhibit.< < Therefore, they stayed as Merrill in our books. Please confirm which are < Merrill deals and which are Allegheny. We will need confirmation after < this review with our attorney as to where these deals will be booked. < < Another question that has arisen is whether Allegheny traders are trading < for Merrill Lynch. These issues need to be resolved so that we do not < continue to have these questions when our settlements people try to check < out at month end. Thanks for your help. < <
|