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Enron Mail |
I have been told by Kim and Dan that the City is currently not authorized to
trade in derivatives, but that the city council will vote on an authorizing resolution at an April meeting. In terms of negotiation of the ISDA, we sent out a draft to them a few weeks ago, but I have heard nothing back. We are requiring a legal opinion on the same form that we require other municipals to give for financial trading. Robert E. Bruce Senior Counsel Enron North America Corp. T (713) 345-7780 F (713) 646-3393 robert.bruce@enron.com Shari Stack@ECT 02/23/2001 04:55 PM To: Dan J Hyvl/HOU/ECT@ECT, Robert Bruce/NA/Enron@Enron cc: Kim Ward/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT Subject: Palo Alto Dan- Have you looked into the authority of Palo Alto to buy and sell physical gas? Bob- I understand that you may be doing an ISDA with them. Have you looked into the authority issues yet? Thanks, Shari ----- Forwarded by Shari Stack/HOU/ECT on 02/23/2001 02:53 PM ----- Stewart Rosman 02/15/2001 04:38 PM To: Shari Stack/HOU/ECT@ECT cc: Subject: Palo Alto Shari - Kim Ward is working with Rudwell Johnson (Credit) and Dan Hyvl (legal) to get authority and a master completed at Palo Alto - Can you coordinate with them because we need to get them an EEI? Stewart
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