Message-ID: <26729320.1075862375281.JavaMail.evans@thyme> Date: Thu, 15 Nov 2001 07:03:46 -0800 (PST) From: paul.kaufman@enron.com To: mark.metts@enron.com, jessica.uhl@enron.com, paul.puchot@enron.com, richard.shapiro@enron.com, j..kean@enron.com Subject: FW: Application Filing Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Kaufman, Paul X-To: Metts, Mark , Uhl, Jessica , Puchot, Paul , Shapiro, Richard , Kean, Steven J. X-cc: X-bcc: X-Folder: \SKEAN (Non-Privileged)\Kean, Steven J.\PGE X-Origin: Kean-S X-FileName: SKEAN (Non-Privileged).pst FYI. My e-mail response to Marc Hellman's message re: Dynegy impact on the NWN transaction. -----Original Message----- From: HELLMAN Marc [mailto:marc.hellman@state.or.us] Sent: Wednesday, November 14, 2001 8:19 AM To: Kaufman, Paul Subject: RE: Application Filing thanks, do you want me to forward this to "all"? -----Original Message----- From: Kaufman, Paul [mailto:Paul.Kaufman@ENRON.com] Sent: Tuesday, November 13, 2001 2:51 PM To: HELLMAN Marc Subject: RE: Application Filing The short answer is that the Dynegy merger with Enron does not affect the NWN acquisition of PGE. Both Enron and Dynegy remain committed to the NWN transaction. There are no direct implications for the sale as NWN, not Enron, is the issuer of the equity in the transaction. The structure of the seller financing has not changed. Bruce DeBolt did describe the only indirect impact of Enron's current situation--i.e., that there are certain restrictions on Enron's ability to transfer the securities it holds to an affiliated interest if Enron's credit rating decays to a given point. The Enron/Dynegy transaction is expected to close in the 3rd Quarter of 2002. We think we can get all regulatory approvals for the NWN transaction completed and close before that. I'm in Washington, D.C. today and tomorrow. We have a pre-filing meeting with the SEC on the NWN transaction tomorrow. I'll be back in the office on Friday. I can be reached by pager 888.354.7356 or cell phone 503.539.4733 if you need more information or have further questions. I did not hit "reply to all" when creating this message. Sorry. -----Original Message----- From: HELLMAN Marc [mailto:marc.hellman@state.or.us] Sent: Tuesday, November 13, 2001 8:30 AM To: 'Ackerman, Susan'; Mike Morgan (E-mail); Lesh, Pamela; Kaufman, Paul Cc: DUDLEY, JAY; Jim Fell (E-mail); Kelley, Carla; Bob Jenks (E-mail); TATOM Bonnie; Ed Finklea (E-mail); Jason Eisdorfer (E-mail); Ken Canon (E-mail); SPARLING Lee; HELLMAN Marc; Melinda Davison (E-mail); Paula Pyron (E-mail); Stephanie Andrus (E-mail) Subject: RE: Application Filing Thanks. How does the Dynergy bid for Enron affect things? Do you know how long it might take for Dynergy to get approval from non-Oregon agencies to purchase Enron? -----Original Message----- From: Ackerman, Susan [mailto:ska@nwnatural.com] Sent: Monday, November 12, 2001 5:05 PM To: Bob Jenks (E-mail); Bonnie Tatom (E-mail); Ed Finklea (E-mail); Jason Eisdorfer (E-mail); Ken Canon (E-mail); Lee Sparling (E-mail); Marc Hellman (E-mail); Melinda Davison (E-mail); Paula Pyron (E-mail) Cc: Jay Dudley (E-mail); Jim Fell (E-mail); Mike Morgan (E-mail); Pamela Lesh (E-mail); Paul Kaufman (E-mail); Stephanie Andrus (E-mail); Kelley, Carla Subject: Application Filing All, we had intended to file the NWN/PGE application on Wednesday, November 14. It does not appear that we are going to make that date. We are still getting full review of the application and all pieces of testimony; following that will be production. I apologize for not having a more firm date, but we really are working on it and will push it out the door as soon as we reasonably can. SKA (503-721-2452) ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. **********************************************************************