fyi--clearly, this was the "right thing to do." But keep in mind that
Transredes does not have a great credit rating.
----- Forwarded by Rob Walls/NA/Enron on 12/13/2000 12:16 PM -----
12/12/2000 06:33 PM
To: Miguel Mendoza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ECT
cc: Louis Soldano@ENRON, Michael Moran@ENRON, Eileen Kisluk@ENRON, Gail
Brownfeld/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark E Haedicke/HOU/ECT@ECT,
Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob Walls/NA/Enron@Enron
Subject: Re: Garner litigation
12/12/2000 05:19 PM
To: Randy Young@ECT, Louis Soldano@ENRON, Michael Moran@ENRON, Eileen
Kisluk@ENRON, Gail Brownfeld/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Fernando Gonzalez@Transredes
Subject: Garner litigation
Just wanted to let you know that the Transredes board approved today to
indemnify Enron for any legal expenses incurred in connection with the suit
filed in Texas by Garner in exchange for a taking an active role in managing
the litigation. The vote was 6 against one.
Fernando will be working together with Eileen and the gas pipeline guys in
drafting the final agreement.
I guess this is good news for all the parties involved in this case.