Enron Mail

From:debra.perlingiere@enron.com
To:james.copeland@enron.com
Subject:RE: Master Purchase and Sale Information Worksheet for TransCanada
Cc:
Bcc:
Date:Tue, 27 Feb 2001 08:25:00 -0800 (PST)

Cc: christina.finelli@enron.com
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In response to your e-mail please see the attached draft sent to Trans
Canada. Be advised Trans Canada was less than eager to negotiate this
agreement and as of today there has been no action. It would be great to
get both executed!!





Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax 713-646-3490




James L Copeland/ENRON@enronXgate
02/27/2001 01:02 PM

To: Christina Finelli/HOU/EES@EES
cc: Debra Perlingiere/HOU/ECT@ECT
Subject: RE: Master Purchase and Sale Information Worksheet for TransCanada
Energy Marketing USA, Inc.

Christy, I am going to speak with Debra Perlingiere in ENA Legal to obtain
the most recent version of the Master between ENA and Transcanada Energy
Marketing USA, Inc. and will forward it when I receive it. I also will check
into the status of that unexecuted Master as it may be that we can assist in
getting both executed at the same time. Thanks.

-----Original Message-----
From: Finelli, Christina
Sent: Tuesday, February 27, 2001 11:50 AM
To: Copeland, James L.
Subject: Re: Master Purchase and Sale Information Worksheet for TransCanada
Energy Marketing USA, Inc.

James, thanks for the info. Yes, I agree they should be the same. Is there
a chance I could get a copy of the one ENA sent out to them, not only would
it show me how ENA worded certain things but would show me where ENA and EES
agreements are different, so I can make sure we have same info. If you could
send me a copy of ENA's proposal to TransCanada that would be helpful.

Thanks. Christy


From: James L Copeland/ENRON@enronXgate on 02/27/2001 11:43 AM
To: Christina Finelli/HOU/EES@EES
cc: Jesus Guerra/HOU/EES@EES, Russell Diamond/ENRON@enronXgate, Veronica
Espinoza/ENRON@enronXgate
Subject: Master Purchase and Sale Information Worksheet for TransCanada
Energy Marketing USA, Inc.

Christy, attached please find the Master Purchase and Sale Information
Worksheet for TransCanada Energy Marketing USA, Inc.

Please note that Russell Diamond and Veronica Espinoza have been working on
executing a Master Purchase and Sale Agreement with the same counterparty on
behalf of ENA. I have based the EES Master Worksheet off of the ENA Master
Worksheet to remain consistent. My understanding from talking with Veronica
and Russell is that this Master is not yet executed.

In negotiating the ENA Master, a $60MM Enron Corp. guarantee has been issued
benefiting TransCanada Energy USA, Inc. In addition, TransCanada Pipelines
Ltd. has issued Enron and any of its subsidiaries a $60MM guarantee on behalf
of its sub, TransCanada Energy USA, Inc.

Putting in place an executed Master is definitely the only way to go as it
will allow us to net exposures between EES and the counterparty. Please let
me know how the status of the Master progresses or if you need my assistance
to facilitate. Thanks for your help.

<< File: TransCanada Energy Marketing USA, Inc. Master Worksheet.xls <<