Message-ID: <7399363.1075862279787.JavaMail.evans@thyme> Date: Wed, 14 Nov 2001 09:56:30 -0800 (PST) From: rod.hayslett@enron.com To: jordan.mintz@enron.com Subject: FW: Notes from Enron Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Hayslett, Rod X-To: Mintz, Jordan X-cc: X-bcc: X-Folder: \RHAYSLE (Non-Privileged)\Hayslett, Rod\Sent Items X-Origin: Hayslett-R X-FileName: RHAYSLE (Non-Privileged).pst We're there given his response. -----Original Message----- From: McMahon, Jeffrey Sent: Wednesday, November 14, 2001 8:04 AM To: Hayslett, Rod; Bowen Jr., Raymond Subject: RE: Notes from Enron Fine with me. Regards, Jeff -----Original Message----- From: Hayslett, Rod Sent: Wednesday, November 14, 2001 8:01 AM To: McMahon, Jeffrey; Bowen Jr., Raymond Subject: FW: Notes from Enron Importance: High The following representations (among others) have been made to various parties in due diligence relative to both the credit agreement (with the banks) and the Preferred Stock Agreement (Dynegy) to the Boards of Transwestern (TW), Northern (NNG) and Enron Transportation Services (ETSC) and it subsidiaries, as well as to Dynegy and the banks: The funds that are being loaned out of NNG and TW to various entities and the further loans of these funds to Enron will carry Enron Corp guaranties. The note agreements will reimburse NNG, TW and ETSC and their subsidiaries for their actual expenses associated with these endeavors. The credit agreements actually require a large degree of separateness and an arm's length standard needs to be applied to dealings between ETSC and its subsidiaries and Enron and the rest of it's subsidiaries. Before the funding under the credit agreement takes place I would like to make sure that you two are aware of this, have agreed to and understand the conditions and further agree that you will assist me in cleaning up whatever documentation needs to be cleaned up between Enron and ETSC and it's subs to make the above representations not be false. Rod Hayslett Managing Director, Chief Financial Officer and Treasurer Enron Transportation Services Company EB4054 1400 Smith Street Houston, TX 77002-7361 713-853-6178 rod.hayslett@enron.com