Message-ID: <27648846.1075842231905.JavaMail.evans@thyme> Date: Tue, 23 Jan 2001 02:25:00 -0800 (PST) From: dan.hyvl@enron.com To: dave.fuller@enron.com Subject: Re: Mesa Restructure Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Dan J Hyvl X-To: Dave Fuller X-cc: X-bcc: X-Folder: \Dan_Hyvl_Dec2000_June2001\Notes Folders\All documents X-Origin: HYVL-D X-FileName: dhyvl.nsf Dave, Spoke with credit and they are permitting us to go forward without adding credit provisions. In reviewing your email, are both of the existing deals being modified for the period Feb through July. your chart says half for each deal. I will do a new GTC confirm that terminates the old and rolls the old volumes and new pricing for the period FEb 01 through Jan O2. Please give me a call (713) 853-6895. Dave Fuller 01/19/2001 04:14 PM To: Dan J Hyvl/HOU/ECT@ECT cc: Subject: Re: Mesa Restructure That's great Dan, the extension is actually only 6 months (Aug 01 - Jan 02). Also, can we make it an "ammendment" to the existing deal? Dan J Hyvl 01/19/2001 01:00 PM To: Dave Fuller/PDX/ECT@ECT cc: Anne Bike/Corp/Enron@Enron, Tori Kuykendall/HOU/ECT@ECT Subject: Re: Mesa Restructure DAve, Once you decide which way you would like to go, We will issue a new Confirmation Letter which will cancel the two previous confirmation letters effective as of February 1, 2001. Because the term extends some 17 months, we will require them to sign the confirmation letter with attached GTC. Let me know, and I will generate. Dave Fuller 01/19/2001 01:25 PM To: Tori Kuykendall/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Anne Bike/Corp/Enron@Enron cc: Subject: Mesa Restructure I have a proposed restructuring transaction with City of Mesa, Arizona. It works like this: 1) Half their volume is currently priced at 3.74 (fixed, physical deal with us) 2) That deal runs through July 01 3) I want to reprice that deal at a higher price and use that equity to finance a discount to index for an extra six months. 4) They will do one of two transactions (shown below) one extends half the volume one extends the full volume. I need help with a couple of things: 1) Since they canceled their Enfolio Agmt. can I get a contract from legal that will allow us to transact without it. 2) How do we get this deal in Mike's book and the risk system Thanks, Dave Fuller 503-464-3732