Message-ID: <23999162.1075842499769.JavaMail.evans@thyme> Date: Fri, 26 May 2000 10:08:00 -0700 (PDT) From: drew.fossum@enron.com To: bill.cordes@enron.com Subject: Re: Pueblo Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Drew Fossum X-To: Bill Cordes X-cc: X-bcc: X-Folder: \Drew_Fossum_Dec2000_June2001_1\Notes Folders\Sent X-Origin: FOSSUM-D X-FileName: dfossum.nsf For some reason the initial email didn't go through to him--I forwarded it separately. Thanks. DF From: Bill Cordes 05/26/2000 03:40 PM To: Drew Fossum/ET&S/Enron@ENRON cc: Subject: Re: Pueblo Thank you. Did you mean to leave Bill Gang off your distribution list? From: Drew Fossum 05/26/2000 02:00 PM To: Bill Cordes/ET&S/Enron@ENRON cc: Steven Harris/ET&S/Enron@Enron, Kevin Hyatt/ET&S/Enron@Enron Subject: Pueblo Per our discussion last week, this is the status on Pueblo. I think we need to establish to our satisfaction the bona fides of Dennis' government contracting scheme before we pitch hard to have ENA get into the deal and scrub down the numbers on the power plant. If our govcon gurus (Bill Votaw and Bill Gang--both ex military guys working on DOD outsourcing deals for Enron Federal Solutions) buy off on it, then I think we brief Stan at that point. You, Stan and Steve will then need to decide the best way to pitch ENA to verify the economics and potentially get into the deal. Either we'd have Stan push from the top down or have Kevin and Steve go directly to the ENA deal guys. More to follow. ---------------------- Forwarded by Drew Fossum/ET&S/Enron on 05/26/2000 01:50 PM --------------------------- From: Drew Fossum 05/26/2000 01:51 PM To: Kevin Hyatt/ET&S/Enron@Enron, Bill Votaw/HOU/EES@EES cc: Steven Harris/ET&S/Enron@Enron Subject: Pueblo I just talked to Tino Monaldo, Dennis Langley's lawyer/project manager for the Pueblo project. I explained Bill and Bill's credentials and concerns and Tino suggested that a sit down between Enron and their government contracts team might be helpful. He offered to do it in Houston, probably late next week or the following week. Attending would be Dennis, Tino, and their outside lawyers, Jim Slattery and Rick Harrington. Harrington is the key--he is a retired military guy and one of the lead govt. contracts lawyers at my old firm in DC. The would basically put on a dog and pony walking us all through their sole source strategy, including their legal interpretations and the allies they have lined up within DOE/DOD. Bill and Bill--does such a meeting sound productive? If so, should we have outside govt. contracts counsel present and if so, who do you suggest? On a related note, Tino explained (without me asking or really caring) that he was in the middle of a "big drafting project"--revising Dennis' joint venture agreement with the Isleta. I took the opportunity to express my concern at how far down the road Dennis is getting on the overall deal, including structure issues, without knowing whether Enron is even on board. I reminded Tino that GPG has not committed to participating in the pipeline or the power plant, and that we have not obtained ENA's agreement to commit turbines. Apparently Dennis believes that if the economics pans out, Enron or someone else yet to be identified will magically jump in to the deal with money, turbines, etc. If Enron does eventually decide to get into this deal, the agreements and promises that Dennis has already made may need to be revisited. Thanks for your patience on this project. DF