Message-ID: <27476738.1075854461205.JavaMail.evans@thyme> Date: Wed, 13 Dec 2000 07:15:00 -0800 (PST) From: don.miller@enron.com To: stuart.zisman@enron.com, benjamin.rogers@enron.com, jonathan.hoff@enron.com, jinsung.myung@enron.com, mitch.robinson@enron.com, ross.newlin@enron.com, kevin.presto@enron.com, roger.ondreko@enron.com, jeffrey.keenan@enron.com, ben.jacoby@enron.com, scott.healy@enron.com, chris.booth@enron.com, dave.kellermeyer@enron.com, tammy.shepperd@enron.com, chris.meyer@enron.com, mike.miller@enron.com Subject: Cinergy Confidentiality Cc: david.delainey@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: david.delainey@enron.com X-From: Don Miller X-To: Stuart Zisman, Benjamin Rogers, Jonathan Hoff, Jinsung Myung, Mitch Robinson, Ross Newlin, Kevin M Presto, Roger Ondreko, Jeffrey Keenan, Ben Jacoby, Scott Healy, Chris Booth, Dave Kellermeyer, Tammy R Shepperd, Chris Meyer, Mike J Miller X-cc: David W Delainey X-bcc: X-Folder: \David_Delainey_Dec2000\Notes Folders\Discussion threads X-Origin: Delainey-D X-FileName: ddelain.nsf I know the following goes without saying, but I wanted to highlight a few specific points relevant to this transaction. As all of you know, the sale of Brownsville and Caledonia to Cinergy was recently announced. As the press release indicated, the terms of the transaction were not released. While Allegheny (with the sale of the 2000s) took the same position in its announcement, the purchase price was subsequently released to the market (by Allegheny). Cinergy and Enron both agreed in the Purchase and Sale Agreement, to not release the price and terms without the other's consent (i.e. THE PRICE AND TERMS WILL REMAIN CONFIDENTIAL). To the extent legally permitted, Cinergy will not release the price as part of its regulatory filings, and in fact, will redact the price from all of its filings. If, through your involvement in this process, you inadvertently learned the price, you must keep it to yourself. As we all know, information moves around this organization very quickly. With two deals on very similar assets in the market at once (Allegheny and Cinergy), it only makes sense to contain the external flow of information. By the way, both transactions should close March/April 2001. Thanks for your help in this process, and your co-operation in keeping this information confidential. Regards, Don 3-0492