Message-ID: <25036912.1075862292098.JavaMail.evans@thyme> Date: Wed, 28 Nov 2001 05:36:03 -0800 (PST) From: james.saunders@enron.com To: a..howard@enron.com, tracy.geaccone@enron.com Subject: NNG/Dynegy Due Diligence Cc: rod.hayslett@enron.com, harry.walters@enron.com, john.cobb@enron.com, lisa.sutton@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: rod.hayslett@enron.com, harry.walters@enron.com, john.cobb@enron.com, lisa.sutton@enron.com X-From: Saunders, James X-To: Howard, Kevin A. , Geaccone, Tracy X-cc: Hayslett, Rod , Walters Jr., Harry , Cobb Jr., John , Sutton, Lisa X-bcc: X-Folder: \RHAYSLE (Non-Privileged)\Hayslett, Rod\Inbox X-Origin: Hayslett-R X-FileName: RHAYSLE (Non-Privileged).pst Re the due diligence request: Historical management financials w comparisons to budget..." = Not Available We have financial comparisions (income) to the most recent current estimate at that time, but not the original budget. Also, NNG management reports are NOT legal entity, but are "NNG Group", which is inclusive of ENE's investment in Trailblazer and Overthrust. Our only true legal entity financials are historical comparatives and only prepared quarterly and annually for noteholders, and annually for the FERC (Form2). Comments???