Enron Mail

From:steven.kean@enron.com
To:john.ambler@enron.com
Subject:Re: Sutton India Statement
Cc:
Bcc:
Date:Wed, 25 Oct 2000 00:45:00 -0700 (PDT)

Can we be even stronger on this? The short answer is that Joe's resignatio=
n=20
has no impact on our view toward India. The evaluation of our asset holdin=
gs=20
and new business opportunities is the same the day after Joe's resignation =
as=20
it was the day before. If need be, we can reiterate previous statements=20
about our ongoing review of asset positions. What do you think?



=09John Ambler@ENRON_DEVELOPMENT
=0910/24/2000 06:46 PM
=09=09=20
=09=09 To: Cliff Baxter@ECT, Steven J Kean/NA/Enron@Enron, Mark Koenig@ENRO=
N, J=20
Mark Metts@Enron, Paula Rieker@ENRON
=09=09 cc: Mark Palmer@ENRON, Karen Denne@ENRON, Cindy Derecskey@ECT
=09=09 Subject: Sutton India Statement

We expect considerable Indian media interest and attempts to interpret the=
=20
implications of Joe Sutton's resignation. In consultation with Mark Palmer=
=20
and others, we have developed the following statement, which we intend to u=
se=20
only in response to media inquiries. Please let me know if you have any=20
comments.

John


For Enron Use =01) Only if Asked
October 24, 2000

Statement on Impact of Sutton Resignation on Enron in India

Joe Sutton=01,s departure should not significantly affect Enron=01,s commit=
ment to=20
the Indian market. In fact, consistent with Enron=01,s new business lines,=
we=20
are in the process of developing data centers and a fiber optic network in=
=20
India. Of course, we continuously look to optimize the value of our busine=
ss=20
interests and there may be some related adjustments in our holdings, but we=
=20
expect to continue as a significant participant in the Indian market.

If pressed:
We are not able to comment on specific plans or operations, as it is our=20
policy not to comment on the details of potential divestitures or=20
acquisitions.