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Enron Mail |
Mark;
I've been working with Brazilian local outside counsel on this EOL matter and just had a meeting with Remi, David and Ricardo this morning. For the purpose of finalizing the legal support (especially the review and "tropicalization" of the EOL agreements), I have a few questions for you: What entity owns the EOL site ? Will there be an agreement entered into between the entity that owns the EOL site and Enron Comercializadora de Energia Ltda. (and its designated branches) for the purpose of authorizing Enron Comercializadora de Energia Ltda. to use the EOL tool in Brazil ? For the purposes of doing business through the EOL tool, would Enron South America (and its designated affiliates) or ECE have to enter into the PA and the ETA with the entity that owns the EOL site ? Please note that I have only referred to ECE because I am working under the assumption that, at this point in time, we will only do power deals in Brazil. In view of this and for regulatory reasons, the entity buying and selling power in Brazil must be ECE (the Enron entity authorized by MAE). Thanks and Regards, Sami ---------------------- Forwarded by Sami Arap/SA/Enron on 09/13/2000 10:35 AM --------------------------- Andrea Bertone 08/15/2000 12:43 PM To: Mark Taylor/HOU/ECT@ECT cc: Remi Collonges/SA/Enron@Enron, Ricardo Lisboa/SA/Enron@Enron, Sami Arap/SA/Enron@Enron Subject: Re: EnronOnline Mark: Implementation of the EOL project in Brazil had been postponed for a while because of regulatory matters. The Market Rules were still being discussed and had not been approved by ANEEL, making it impossible for us to implement EOL, from a regulatory standpoint. Recently (about a couple of weeks ago), ANEEL issued Resolution 290/00, approving the Market Rules, subject to certain amendments. The amendments will be implemented in stages over the course of the next few years. After Resolution 290 was issued and the regulatory issues were partially resolved, the EOL team decided to work on the project again. I am now in the course of adapting the ETA, GTC and Password Application for use in Brazil. I will probably have drafts for comments within the next 10 days. I am not sure about the time estimate for completion of the project as a whole. I believe Remi can give you a better idea of the schedule. I will forward to you in a separate e-mail the legal opinion that we received from outside counsel, addressing the issues in the memo prepared by your team. Also, I take the opportunity to let you know that I am leaving Enron by the end of August. From September on, the contact people for the EOL project will be Remi and Ricardo on the commercial side, and Sami Arap on the legal. In the meantime, please feel free to contact me if I can be of any further assistance. Andrea From: Mark Taylor@ECT on 08/14/2000 05:57 PM CDT To: Andrea Bertone/SA/Enron@Enron cc: Subject: EnronOnline Any progress on the EnronOnline front? I'm getting questions from the EOL team in Houston as to our time estimate to completion and wondered if you had heard back from outside counsel.
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