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Enron Mail |
What the NYMEX is trying to get at is their concern that the NYMEX consider=
s=20 the trades of ENA and its two other principal trading affiliates (Enron=20 Canada and London) to be one and the same as ENA. It is also concerned tha= t=20 we might and try and set up other companies and trade of of those to try an= d=20 increase our overall trading volume with the NYMEX. Further, the NYMEX als= o=20 doesn't want us to increase our company's overall trading volume, by "hidin= g"=20 trades through accounts in the name of individual employees, The Annual= =20 Hedge Exemptions applications require that ENA represent whether its=20 officers, employees, owners, or agents have a power of attorney, control or= =20 have a financial interest in any other related commodity future(s) account= =20 either individually or acting with another person pursuant to express or=20 implied agreement.as indicated in the original email from Mark. The=20 transaction you mentioned below doesn't appear to be problematic, since it= =20 flows through ENA's risk books, thus not increasing the overall position t= he=20 NYMEX allows us to trade. This annual email has a secondary unplanned, but helpful control purpose, i= t=20 fleshes out the trading of employees that might be in violation of the=20 Company's Trading Policy. =20 =09Michael Etringer =0906/23/2000 09:41 AM =09=09 =09=09 To: Tana Jones/HOU/ECT@ECT =09=09 cc: Jim Gilbert/PDX/ECT@ECT, Karen E Jones/HOU/ECT@ECT =09=09 Subject: Re: Enron North America Corp. NYMEX Hedge Exemption Applica= tions Tina,=20 I need some clarification in regards to this email. ENA holds interest in= =20 the LV Cogeneration Limited Partnership, both directly and through its=20 friendly investor structure, which is a QF facility located in Las Vegas.= =20 As part of the financing of the facility, ENA entered into a 10 year=20 financial NYMEX swap with LV Cogen. Brad Richter, ENA VP, signed the NYMEX= =20 confirmations on behalf of LV Cogen (Desert Arc LLC) and ENA. =20 Is this transaction of interest to you and do you need additional informati= on=20 with regards to this transaction? Regards,=20 Mike Etringer 503-464-3836 Jim Gilbert 06/23/2000 07:18 AM To: Michael Etringer/HOU/ECT@ECT cc: Frank W Vickers/HOU/ECT=20 Subject: Enron North America Corp. NYMEX Hedge Exemption Applications Mike, Is this something we need to respond to? Please advise. Thanks, Jim ---------------------- Forwarded by Jim Gilbert/PDX/ECT on 06/23/2000 07:15= =20 AM --------------------------- =20 =09Enron Capital & Trade Resources Corp. =09 =09From: Mark Taylor @ ENRON 06/21/2000 04:39 PM =09 Sent by: Enron Announcements@ENRON To: All Enron Houston, Everyone_in_ECT_Calgary, Everyone_in_ECT_London,=20 Everyone_in_ECT_Portland, Everyone_in_ECT_New York, Everyone_in_ECT_Denver,= =20 Everyone_in_ECT_Oslo, Everyone_in_ECT_Singapore, EI-Australia, Buenos Aires= =20 Argentina - Office Staff, Buenos Aires Argentina - TGS Office Staff, Enron= =20 Everyone_EOG_Denver, Enron Everyone_EOG_Calgary cc: =20 Subject: Enron North America Corp. NYMEX Hedge Exemption Applications We are in the process of preparing applications for position limit exemptio= ns=20 for ENA=01,s NYMEX energy commodities futures trading. These applications= =20 require that ENA represent whether its officers, employees, owners, or agen= ts=20 have a power of attorney, control or have a financial interest in any other= =20 related commodity future(s) account either individually or acting with=20 another person pursuant to express or implied agreement. Please direct any responses to my paralegal, Tana Jones, via intercompany= =20 email or call her at (713) 853-3399 by the end of business Friday, June 30,= =20 2000 if you have any power of attorney, control or have a financial interes= t=20 in any commodity futures account (other than an ENA or other trading=20 affiliate account). IF YOU DO NOT HAVE A COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO RESPOND = TO=20 THIS REQUEST.
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