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Bryan -
In fact, in order to get this first list of 200 or so on the non-transactional web page, we conducted only a very brief legal review in Houston - th full review takes much longer since it involves input from a variety of people. Mark Bryan Seyfried 02/27/2000 05:12 AM To: John Metzler/LON/ECT@ECT, Martin McDermott/LON/ECT@ECT, Eklavya Sareen/LON/ECT@ECT cc: David Forster/LON/ECT@ECT, Paul Simons/LON/ECT@ECT, William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David Weekes/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Mark Dilworth/LON/ECT@ECT, Amita Gosalia/LON/ECT@ECT Subject: Re: Hard Facts Needed I suggest choosing the reference credits for online trading from the already approved reference credits which appear on EnronCredit.com. My recollection is that there currently is not a separate approval process from either a credit or legal perspective. Let's review everything for EOL prior to the states getting to the office on Monday and get an email out with the list of reference credits. bs David Forster 25/02/2000 14:49 To: John Metzler/LON/ECT@ECT cc: Amita Gosalia/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT, Mark Dilworth/LON/ECT@ECT Subject: Re: Hard Facts Needed New reference entities - as with any other new Products, should be submitted to the Product Control Group (Amita Gosalia). The PCG will then be responsible for the text of the new Products and obtaining the necessary approvals. However, in accordance with our discussions with Bryan, EnronOnline will be limited to 20 reference entities until after we have settled on the credit derivatives update/volume requirements, which may or may not feed into a phase 2 development of the EnronOnline site. Dave John Metzler 02/25/2000 11:30 AM To: David Forster/LON/ECT@ECT cc: Edmund Cooper/LON/ECT@ECT, Tomas Valnek/LON/ECT@ECT Subject: Re: Hard Facts Needed Paul: Will there be a different process for approving names as references on EnronCredit.com (non web-trading) and EOL? Furthermore, you, Edmund, Tomas and I need to establish a process fro regular and smooth approval of new reference names, a checklist if you will. Meet this afternoon, before you depart? My diary is open David Forster 24/02/2000 18:40 To: Paul Simons/LON/ECT@ECT cc: John Metzler/LON/ECT@ECT, Martin McDermott/LON/ECT@ECT, Mark Dilworth/LON/ECT@ECT, Eklavya Sareen/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT Subject: Re: Hard Facts Needed We are planning on having credit trading ready for EnronOnline launch on March 8. I believe the legal due diligence and credit due diligence is now complete. The initial list of 50 customers have been approved for credit trading. Of the 20 reference entities, only the following have been approved: Reference Entity Approval Status Birka Energi AB Approved Graningeverkens A/B Approved London Electricity Approved Scottish and Southern Energy plc Approved Seeboard plc Approved Sydkraft AB Approved Cinergy Corp Approved The following have not been approved: BC Group plc Hyder plc National Power plc PowerGen UK Scottish Power UK plc Duke Energy Corp Dynegy Inc. El Paso Energy Corp Pacific Gas & Electric Company The Southern Company Inc Lucent Technologies Nortel Networks Corp Reliant Energy Inc Dave Paul Simons 02/24/2000 06:14 PM To: John Metzler/LON/ECT@ECT, Martin McDermott/LON/ECT@ECT, Mark Dilworth/LON/ECT@ECT, Eklavya Sareen/LON/ECT@ECT, Mark Dilworth/LON/ECT@ECT, David Forster/LON/ECT@ECT cc: Mark Taylor/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT Subject: Hard Facts Needed In Bryan's absence, please work together where necessary to let Mark Taylor, Ed and me know/have the following as soon as possible so we can finalise our legal due diligence before launch of online credit trading: best estimate of the launch date for credit trading the final list of counterparties the final list of reference credits Thanks Paul
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