Message-ID: <26635444.1075846270579.JavaMail.evans@thyme> Date: Wed, 25 Oct 2000 15:19:00 -0700 (PDT) From: j.metts@enron.com To: paula.rieker@enron.com Subject: Re: Revised Letter Cc: mark.koenig@enron.com, lance.schuler-legal@enron.com, swulfe@velaw.com, mark.palmer@enron.com, skean@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: mark.koenig@enron.com, lance.schuler-legal@enron.com, swulfe@velaw.com, mark.palmer@enron.com, skean@enron.com X-From: J Mark Metts X-To: Paula Rieker X-cc: Mark Koenig, Lance Schuler-Legal, swulfe@velaw.com, Mark Palmer, skean@enron.com X-bcc: X-Folder: \Steven_Kean_Dec2000_1\Notes Folders\Azurix X-Origin: KEAN-S X-FileName: skean.nsf Paula, I think I am OK with this. Those are clearly among the factors driving the final mechanics of the structure. As for the AZX debt, I would like to be able to focus on the absence of a put, as opposed to acceleration. We can discuss this Thursday. Thanks, Mark Paula Rieker 10/25/2000 08:38 PM To: J Mark Metts/NA/Enron@Enron cc: Mark Koenig/Corp/Enron@ENRON Subject: Re: Revised Letter Mark - I assume a key term in the eventual structure with AZX will be maintenance of ENE's off-balance sheet treatment of AZX to ENE and no acceleration in the AZX level debt or indirect obligations of Enron to Marlin. Would you agree? If so, I would like to be free to set that probable criteria forth to analysts/investors following the announcement. With Reg FD, I am assessing whether we need reference to this key critieria in one of the public documents (the letter or in the press release) in order to set forth our intent to analysts/investors. I understand why this criteria is not referenced in the letter. Are you troubled if we reference this in the press release and it is not in the letter? We can talk Thursday. THX Paula