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Enron Mail |
Mark -- any thoughts on the below stuff?
Travis McCullough Enron North America Corp. 1400 Smith Street EB 3893 Houston Texas 77002 Phone: (713) 853-1575 Fax: (713) 646-3490 ----- Forwarded by Travis McCullough/HOU/ECT on 04/23/2001 03:35 AM ----- John Applegate <japplegate@houstonstreet.com< 04/21/2001 03:37 PM To: "Bob Shults (E-mail)" <bob.shults@enron.com< cc: "Travis McCullough (E-mail)" <Travis.McCullough@enron.com<, "'mark.greenberg@enron.com'" <mark.greenberg@enron.com<, "'kevin.meredith@enron.com'" <kevin.meredith@enron.com<, John Wyman <jwyman@houstonstreet.com< Subject: Legal Entities Gentlemen: Pursuant to the Posting Agreement, as amended, Exhibit I, section 4 "display of legal entities", HSE would like to propose the following method of displaying Enron as a legal entity in our ratings (credit) system: Process: * representative from each company that has signed a trading agreement with HSE (including Enron posting language) assigns a ratings administrator. * ratings administrator is assigned a user ID and password to access a web-based ratings system. * ratings administrator "clicks" button to turn on / off ratings selections by company. Enron would be displayed as followed: **************************************************************************** ******************************* Financial Financial Physical Physical Buy From Sell To Buy From Sell To Enron North America Corp. <<...<< <<...<< <<...<< <<...<< (or Houston Pipe Line Company (HPL) for US physical gas transactions delivered to points inside Texas.) **************************************************************************** ******************************* At this point, HSE would find it very difficult to offer separate ratings choices for Enron North America Corp. and Houston Pipe Line company because the postings we receive from Enron do not differentiate between the two companies; they all come to HSE under the heading "EOL_MSTR". Please confirm whether or not this method of displaying the EOL legal entities is acceptable to Enron. Please also let us know if any of the major energy companies have credit with Enron North America Corp., but not with Houston Pipe Line Company. If this is the case, then we will have to re-think how this information is displayed on HoustonStreet's credit system because it may prohibit HSE customers from rating Enron positively on physical gas. Thank You, John From: Kevin.Meredith@enron.com Sent: Monday, April 02, 2001 3:16 PM To: lbradley@houstonstreet.com; japplegate@houstonstreet.com Cc: Sheri.Thomas@enron.com; Matt.Motsinger@enron.com; Jennifer.deBoisblanc.Denny@enron.com; Ricky.Oberai@enron.com Subject: Enron Entity details The following is the relational breakout of Enron Commodities and Entity that trades the Commodity. 1. US Financial Gas & Power = "Enron North America Corp." 2. US Physical Power = "Enron Power Marketing, Inc." 3. US Physical Gas: A. Non-Texas = "Enron North America Corp." B. Texas = "Houston Pipe Line Company (HPL)" The only location that falls under both Schedule A and HPL is Katy. The reason for this is that HPL is used only for physical Texas deals. Katy, under Schedule A, is only to be physical and HSC is only to be financial. All finacial deals belong to ENA, so HSC belongs to ENA. Permian falls under the physical heading of "Non-Tx", which goes to ENA as well. If you have any further questions, let me know. Kevin John Applegate Vice President Business Development (603) 766-8706 <<John Applegate.vcf<< - John Applegate.vcf
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