Message-ID: <18599553.1075842495069.JavaMail.evans@thyme> Date: Thu, 10 Feb 2000 03:29:00 -0800 (PST) From: drew.fossum@enron.com To: bill.cordes@enron.com, dave.neubauer@enron.com, steven.harris@enron.com Subject: LRC Joint Venture Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Drew Fossum X-To: Bill Cordes, Dave Neubauer, Steven Harris X-cc: X-bcc: X-Folder: \Drew_Fossum_Dec2000_June2001_1\Notes Folders\Sent X-Origin: FOSSUM-D X-FileName: dfossum.nsf I don't see any problem with this transaction since it appears to be limited to Louisiana assets, but the issue of whether we are impacted by the noncompete agreement strikes me as a commercial call. Please let me know if you have any problem with the transaction and I will pursue it. Thanks. DF ---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/10/2000 11:25 AM --------------------------- Michael Moran 02/09/2000 01:58 PM To: Louis Soldano/ET&S/Enron@ENRON, Dorothy McCoppin/FGT/Enron@ENRON, Phil Lowry/OTS/Enron@ENRON cc: Subject: LRC Joint Venture Please see the attached and let me know if you have any problems so that GPG can respond to Brian Redmond. ---------------------- Forwarded by Michael Moran/GPGFIN/Enron on 02/09/2000 01:55 PM --------------------------- Brian Redmond@ECT 02/09/2000 01:44 PM To: Sherri Reinartz@ENRON, J Mark Metts/NA/Enron@Enron, Stephanie J Harris@ENRON_DEVELOPMENT, Rob Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rex Rogers/Corp/Enron@Enron, Charles Cheek/Corp/Enron@ENRON, Peggy Fowler@ENRON, Al Alexanderson/Enron@Gateway, Rebecca P Mark/HOU/AZURIX@AZURIX, John Ale/HOU/AZURIX@AZURIX, Mark Frevert/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, Michael Burke/Houston/Eott@Eott, Steve Duffy/Houston/Eott@Eott, Cliff Baxter/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Timothy J Detmering/HOU/ECT@ECT, Bill Donovan/EPSC/HOU/ECT@ECT, Elizabeth Labanowski/EPSC/HOU/ECT@ECT, Stanley Horton/Corp/Enron@Enron, Michael Moran/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Larry DeRoin/NPNG/Enron@ENRON, Janet Place/NPNG/Enron@ENRON, Ken Rice/Enron Communications@Enron Communications, Kristina Mordaunt/Enron Communications@Enron Communications, Andrew S Fastow/HOU/ECT@ECT, Scott Sefton/HOU/ECT@ECT, Shirley A Hudler/HOU/ECT@ECT, Karen S Owens@ees, Vicki Sharp/HOU/EES@EES, Ken Karas/EWC/Enron@Enron, Adam Umanoff/EWC/Enron@Enron, Joe Kishkill/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank Stabler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lance Schuler-Legal/HOU/ECT@ECT, Harold Bertram/HOU/ECT@ECT cc: Subject: LRC Joint Venture Please find the attached memo summarizing a proposed joint venture between Enron North America and Texaco involving our respective intrastate pipeline assets in Louisiana (i.e., Enron's LRC pipeline). The joint venture would restrict Enron and its affiliates from pursuing certain limited business opportunities involving specified pipeline assets that may be competitive with the joint venture. Specifically, these assets include: (i) the Acadian Gas Pipeline System (currently ultimately owned by Shell Petroleum Inc. USA), (ii) the Cypress Gas Pipeline System (currently ultimately owned by Shell Petroleum Inc. USA), (iii) the Louisiana Intrastate Gas System (currently ultimately owned by American Electric Power Co. Inc.), (iv) the Louisiana Gas System (currently ultimately owned by Conoco Inc.); and (v) the Louisiana gas pipeline assets of Koch Gateway Pipeline Co. (currently ultimately owned by Koch Industries). In keeping with Enron's internal policies, we are seeking your confirmation that you have no objection to the non-compete provisions in this transaction. Please feel free to call Lance Schuler, Hal Bertram or me if you have any questions. Regards, Brian