Enron Mail

From:mark.haedicke@enron.com
To:peter.keohane@enron.com
Subject:Re: NGX/CEL Litigation - Agenda for Tomorrow
Cc:
Bcc:
Date:Tue, 12 Dec 2000 06:55:00 -0800 (PST)

Let me know what the outcome of the meeting is. Thanks. Mark



Peter Keohane
12/12/2000 12:10 PM

To: John J Lavorato/Corp/Enron@Enron, Mark E Haedicke/HOU/ECT@ECT, Rob
Milnthorp/CAL/ECT@ECT
cc: Sharon Crawford/CAL/ECT@ECT, robert.anderson@blakes.com,
hunterw@macleoddixon.com
Subject: NGX/CEL Litigation - Agenda for Tomorrow

PRIVILEGED AND CONFIDENTIAL

I think we need to talk to the following issues tomorrow:

1. Status update on court proceedings;

2. Evidentiary matters, including:

(a) formal industry support for our position - without it, we are fighting
an uphill battle, and I understand the other side will be filing evidence of
industry support for their position; and

(b) a detailed and focused analysis of the pre-NGX and post-NGX index
consequences, in terms of volume and pricing consequences - our analysis to
date has proven weak;

3. Goals, including can we live with the risk of no CGPR AECO index. In
other words, our best argument is likely that CGPR cannot pass off what it
purports to be an AECO index reflecting the broader market, but NGX (and EOL
for that matter) are free to publish their own index. The result might be
that NGX (or EOL for that matter) is free to publish their own index,
provided it is not passed of as being the CGPR AECO index reflecting the
broader market, and Enerdata then must publish the broader index, if it
wishes, as the CGPR AECO index. However, if CGPR chose not to continue
publishing, it is likely going to be free to do so, with the effect that
there would be no CGPR AECO index as referred to in our Confirms and
Transactions, which would have to then be altered to account for a separate
and new index, which for the time being could be NGX or EOL.

I have asked our outside lawyers to join in on the call at 2:00 p.m. (Calgary
time) tomorrow.

Peter