Re: Australian Approvals

Mark,

I agree with David's comments - and furthermore, I would like to find a
solution which removed Australia from the day-to-day administration of
customer profiles, if the Australian criteria can be applied from a simple
ruleset. Adding another timezone to the process is not going to speed things
up.

Dave
---------------------- Forwarded by David Forster/LON/ECT on 03/20/2000 10:38
PM ---------------------------

David Minns@ENRON_DEVELOPMENT
03/20/2000 11:25 PM
To: Mark Taylor@ECT
cc: Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan Aronowitz@ECT, David
Forster/LON/ECT@ECT

Subject: Re: Australian Approvals

Mark I am most happy to provide administrative support as required but I
would appreciate discussing this request with you. I am unsure as to what is
expected. I have formally advised there are no restrictions on "Australian
based" which I take to mean companies incorporated in Australia entering into
foreign transactions.

On a more general level I am facing a bit of a challenge with EnronOnline
communications out of Houston. Last week I counted requests from 7 different
persons in Houston all of who feel empowered to delegate tasks to or request
legal advice from me. I find myself answering the same question several times
and on occasions working with conflicting instructions.Clearly I recognise
the need to provide legal support to Enronline and that last week was a bit
extraordinary. But I believe the current arrangements can be substantially
improved. Would it be possible to delegate some contact points? My clear
preference on matters of an administrative nature would be to work through
Paul Smith who is co-ordinating the implementation of EnronOnline.

Interested in your thoughts.
---------------------- Forwarded by David Minns/ENRON_DEVELOPMENT on
03/21/2000 08:18 AM ---------------------------
From: Tana Jones@ECT on 03/20/2000 10:28 AM CST
To: Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor/HOU/ECT@ECT

Subject: Re: Australian Approvals

1. Per my discussion last week with David Minns, I sent him a spreadsheet so
he could scroll across the product list and see the full range of products
EnronOnline offers so he could determine whether an Australian based
counterparty will have any legal problems entering into any of the
EnronOnline products. It was my understanding that he had not seen a
comprehensive list off all the products we offer.

2. However, on a going forward basis, David Minns or someone in Legal will
need to see the daily spreadsheets reflecting any new Australian based
counterparties because every new counterparty requesting a password needs a
Credit and a Legal signoff for trading every products we offer, whether
physical, financial, power, gas, liquids, weather, p&p, US, European or other
country based product, etc.. Houston Legal does it every day for every new
Houston Credit based counterparty, London Legal does it every day for every
new London Credit based counterparty and Australian Legal will need to do the
same. If some other system will be in place in Australia, David Minns will
need to discuss that with Mark Taylor and David Forster.