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Enron Mail |
Emily, please print this up for me with attachment. I'll stop by later to
pick it up. Thanks. DF ---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/14/2000 07:22 AM --------------------------- From: John Goodpasture 03/13/2000 03:45 PM To: Bill Cordes/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Rockey Storie/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, Lou Potempa/Corp/Enron@ENRON, Dwight Larson/Corp/Enron@ENRON, Michael Moran/ET&S/Enron@ENRON, Sarabeth Smith/ET&S/Enron@ENRON, Michael Ratner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Timothy J Detmering/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT Subject: Project EWE ll - possible joint bid It it becomes desirable to structure the Reliant deal off balance sheet, we would most likely need a partner, either an industry participant or a financial entity. Some potential industry partners might include Nisource, Utilicorp, or Oneok. (are there others?) According to the press, Nisource will need to pay down debt following the Columbia merger. However they have a continuing strategic appetite for LDC assets. They are/will be a registered Utility Holding Company, so obviously PUHCA poses no concern for them. Here is a possible structure for an Enron/Nisource JV purchase of the Reliant package. Other Nisource and /or Columbia assets could be added to the transaction to generate net excess cash for Nisource (presumeably only if ENE had a strategic interest in the added assets). Comments please. JNG
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