Message-ID: <26510721.1075854449855.JavaMail.evans@thyme> Date: Tue, 11 Jul 2000 16:49:00 -0700 (PDT) From: david.delainey@enron.com To: laura.luce@enron.com Subject: MEH Quarter Success Cc: janet.dietrich@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: janet.dietrich@enron.com X-From: David W Delainey X-To: Laura Luce X-cc: Janet R Dietrich X-bcc: X-Folder: \David_Delainey_Dec2000\Notes Folders\Discussion threads X-Origin: Delainey-D X-FileName: ddelain.nsf Laura, I would like to congratulate you and your group on a very successful quarter. Hats off to the team!! Let me know how I can help. Please forward to your organization as appropriate. Regards Delainey ---------------------- Forwarded by David W Delainey/HOU/ECT on 07/11/2000 11:42 PM --------------------------- From: Laura Luce @ ENRON 07/11/2000 08:06 PM To: Tim Hermann/Corp/Enron@ENRON, Roy Rodriguez/Corp/Enron@ENRON, Steve Richman/Corp/Enron@ENRON, Paul Burgener/Corp/Enron@ENRON, compt@pecorp.com, Richard Tomaski/Corp/Enron@Enron, Gregg Penman/Corp/Enron@Enron, Barbara G Dillard/Corp/Enron@Enron, Cary M Carrabine/Corp/Enron@Enron, Russell E Murrell/Corp/Enron@Enron, Lee Fascetti/Corp/Enron@Enron, Kevin P Radous/Corp/Enron@Enron, Lynn Pikofsky/Corp/Enron@ENRON, Steven Curlee/Corp/Enron@Enron, Sheila Tweed/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Deirdre McCaffrey/HOU/ECT@ECT, Ed McMichael/HOU/ECT@ECT cc: Janet R Dietrich/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, wmorrow@pecorp.com, Hunter S Shively/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT Subject: MEH Quarter Success Hat's off to the group for a very successful quarter for MEH. I graciously commend everyone for the teamwork and perseverance displayed in tackling the array of transactions and tasks to ensure the successful start of our new joint business. We continue to have many challenges ahead, but I wanted to take pause and in particular commend the following: Trunkline Transaction Team - Roy Rodriguez, Russell Murrell, and Steve Curlee brought to closure a significant transaction with leveraged off many groups in the PEC and Enron organizations. Net transaction mark to market on behalf of MEH was $2,286,634 with accrual and option values to be realized over the 3 year term of the arrangement. Team work permeated this transaction and thanks are due to 1) legal teams for PEC led by Mary Klyasheff and for ENA led by Sheila Tweed and Jeff Hodge 2) structuring group support from Steve Curlee, Deirdre McCaffrey and Ed McMichael 3) Tony Compton for the successful closure of gas supply transactions with third parties 4) to all else who covered the many transaction closing issues and bookings. NSS and NGPL Capacity Transaction Team - Steve Richman, Roy Rodriguez, Richard Tomaski, Barbara Dillard and Lee Fascetti successfully proposed, negotiated and are now managing a 3 year storage and capacity management of approximately 18 BCF/year of NGPL no-notice storage and accompanying transportation with realized value year to date for MEH of $1,510,459 with an additional $1,541,835 of value to PGL ratepayers. This transaction will continue to be a significant asset to leverage into the intra-day market and our initial platform for on-line business (EOL). Daily Optimization - Richard Tomaski, Barbara Dillard, Steve Richman, Tim Hermann, Cary Carrabine and Lee Fascetti , diligently pursued and completed other significant transactions for MEH totalling $1,252,584 for this quarter. Richard Tomaski and Kevin Radous have spent endless amounts of time (and evenings/weekends) to ensure that MEH had a P&L to represent for the groups hard work and my many thanks extend to both. Business Set-up - Tim Hermann, Roy Rodriguez, Paul Burgener, Gregg Penman, Kevin Radous, Richard Tomaksi, and Barbara Dillard have toiled diligently and continue to proceed in contracts/policy and procedures between PEC/ENA/PGL and third parties. Additional thanks are due to all groups within accounting, economics, and trading within PEC and ENA in support of this new business and we ask for your continued engagement. Over the next month, we must get closure on the remaining requirements of running a tightly managed and successful business venture. We must continue to take our ideas and strategies to financially successful commercial operation . Momentum is now on our side... Thanx, Laura