Enron Mail

From:tim.poullain-patterson@enron.com
To:sally.beck@enron.com, brent.price@enron.com
Subject:European Paper & Pulp : Update
Cc:scott.earnest@enron.com, tani.nath@enron.com, debbie.nicholls@enron.com
Bcc:scott.earnest@enron.com, tani.nath@enron.com, debbie.nicholls@enron.com
Date:Fri, 23 Jun 2000 05:03:00 -0700 (PDT)

Hi,

Yesterday Debbie and I stepped the P&P group through the Doorstep findings.
We set the scene, went through the report item by item, and put the findings
into context, e.g. learning points from Coal.

Collectively, we are comfortable that required actions have been implemented.

At present the group are on the cusp of transitioning from an origination
group feeding deals into the Houston risk book, into a fully fledged trading
unit with physical assets in Europe. Riveria - a potential acquisition of two
paper mills in Southern France - and/or other acquisitions would be the
catalyst for this transition.

The group are currently assessing their Commercial, Support and other
infrastructure resource requirements in order to manage this growth in a
controlled way. I have sent them the attachment - Roles & Responsibilities
matrix for Global - which has recently been tailored for a presentation Mike
Jordan will be making to MG, and will try to stick close and help them
through this process.



Any questions, please call.

Regards,
Tim