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Enron Mail |
---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 03/22/2000
12:49 PM --------------------------- Christian Yoder 03/22/2000 12:16 PM To: Greg Wolfe/HOU/ECT@ECT, Michael Etringer/HOU/ECT@ECT, Chris Hilgert/HOU/ECT@ect, Christopher Smith/HOU/ECT@ECT, David Gorte/HOU/ECT@ECT cc: Elizabeth Sager/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT Subject: Kaiser One Month Melodrama A number of parts of the deal making process are flying around at the same time and for the purpose of communicating to the team where legal sees the matter at this point I offer the following: Apparently Greg Whalley has not yet signed the one month DASH. Credit has requested that legal put a MAC clause in the one month confirm before the DASH is resubmitted to Whalley. West Desk traders (Greg Wolfe and Mike Etringer) report that Kaiser's power guys in Spokane are saying that we can "sleeve" the power to them through Bonneville. To legal, this means we sell power to BPA no strings attached and assume nothing about who they resell it too. Obviously a clean one month sale to BPA is attractive. But can it be detached from the larger call spread transaction? I don't know. Given this quandry, Greg Wolfe has advised me to hold off temporarily on preparing the one off confirmation until the BPA option is sorted out. I am following this sensible guidance and if anybody has a thought to the contrary please give me a call: 503-464-7845. ----cgy
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