Message-ID: <5268166.1075859109740.JavaMail.evans@thyme> Date: Wed, 26 Dec 2001 08:46:52 -0800 (PST) From: alisha@bp-inc.net To: david.delainey@enron.com Subject: On behalf of Joel Reed / Re: Assets in the Tammy Structure Cc: jeffery.mcmahon@enron.com, raymond.bower@enron.com, kscott@bp-inc.net, jreed@bp-inc.net Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: jeffery.mcmahon@enron.com, raymond.bower@enron.com, kscott@bp-inc.net, jreed@bp-inc.net X-From: Alisha Wernig X-To: david.delainey@enron.com X-cc: jeffery.mcmahon@enron.com, raymond.bower@enron.com, Kathy Scott , Joel Reed X-bcc: X-Folder: \David_Delainey_Jan2002\Delainey, David W.\Inbox X-Origin: Delainey-D X-FileName: ddelain2 (Non-Privileged).pst Dave, Just a heads-up - it sounds like the Tammy structure may get highlighted to the Creditors Committee soon because of the expected sale of the Indian E&P assets. I believe this will bring focus on the value of assets held in Tammy. To the extent that there are any assets within Tammy that you believe may be candidates for the Newco you are considering, it would be good to identify them early - before everyone starts focusing on how much they might bring in liquidation. In addition to the Indian E&P assets, I am aware of the following assets within the two Tammy structures: * Option to acquire EREC (This option will probably be rejected) * A portion of the East Coast Power investment (may be a note) * Stock of EOG Resources (subject to a FAS 125 Transaction- no economic interest) * Stock of LNG Power (Atlantic) Ltd. that I am told includes Ecoelectrica * Option to acquire Portland General Stock Other assets may be included. Please contact me if you have any questions. I plan to be out this week, but will be checking voicemail (858-704-3302). Happy Holidays, Joel Alisha Wernig Office of Joel Reed Batchelder & Partners, Inc. t: 858-704-3305 f: 858-704-3340 email: alisha@bp-inc.net