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Enron Mail |
Cc: jennifer.denny@enron.com
Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit Bcc: jennifer.denny@enron.com X-From: Robert B Cass X-To: Tana Jones X-cc: Jennifer deBoisblanc Denny X-bcc: X-Folder: \Tanya_Jones_June2001\Notes Folders\All documents X-Origin: JONES-T X-FileName: tjones.nsf Tana - This e-mail includes the attachment. It "fell off" my e-mail from last night. Thanks - Rob -----Original Message----- From: Cass, Robert B. Sent: Tuesday, April 24, 2001 6:29 PM To: Jones, Tana Cc: Moorer, Torrey; Denny, Jennifer; Thomas, Sheri Subject: Request Termination Agreements for 4 EnronOnline Transactions Hi Tana - We need your assistance in preparing termination letters for the transactions listed on the attached spreadsheet and described as follows: On Friday, April 20, 2001, four transactions occurred on EnronOnline that were in error. One transaction was with Coral Energy Holding L.P. and three transactions were with Morgan Stanley Capital Group, Inc. As mutually agreed to by both the Enron commercial team and the respective counterparties, it was decided that each of the four transactions would not be confirmed and should be terminated. The exact specifics are detailed as follows: ? The transactions occurred due to an inadvertent entry in the actual production system of EnronOnline by a Product Control Group member, Melba Lozano. Melba activated a product assuming that she was in the EnronOnline test system of EnronOnline. ? The product transacted upon is normally managed by Frank Ermis. However, in his absence on Friday, the product was managed by Matt Lenhart. ? Steve South, trader on the West Desk, called and notified both Morgan and Coral that the product had been posted in error. All parties agreed that the transactions were not reflective of the normal pricing. As a result they further agreed that transaction confirmations would not be necessary and that the deals would be "killed" on all sides. (For reference of any telephone tapes that may need to be pulled, the conversations with the counterparties occurred around 2:00 pm.) ? No confirmations were generated as a result of the killing of the transactions in TAGG. ? I spoke with Mike Grigsby on Monday (April 23, 2001) and advised him that termination letters may be required by Legal. He responded that he had no problem with that. Tana, please advise if additional information is required to complete the termination letters or if another course of action is warranted. Thank you, Rob Cass x35491
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