Message-ID: <15986263.1075840867258.JavaMail.evans@thyme> Date: Tue, 18 Sep 2001 12:18:22 -0700 (PDT) From: jean.mrha@enron.com To: louise.kitchen@enron.com Subject: FW: Credit Watch List--Week of 9/17/01 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: Mrha, Jean X-To: Kitchen, Louise X-cc: X-bcc: X-Folder: \ExMerge - Kitchen, Louise\'Americas\Mrha X-Origin: KITCHEN-L X-FileName: louise kitchen 2-7-02.pst Louise, I think that John (see below) raises a valid point regarding our credit dis= missal of the airline industry. Enron does a very good job "wooing" a sect= or doing good times, but as soon as the commercial operations get tough we = dump like a hot potato. As such, when we will try to entertain the airline= sector in the future to do risk management and hedging through Enron, subs= tantial ill will this from prior disposal will have been created. Do we ca= re? =20 I have got to think that there should exist sufficient origination opportun= ities for companies going into bankruptcy -- maybe for Lydecker's organizat= ion? Just a thought, Mrha -----Original Message----- From: =09Grass, John =20 Sent:=09Tuesday, September 18, 2001 9:02 AM To:=09Mrha, Jean Subject:=09FW: Credit Watch List--Week of 9/17/01 Jean, =20 I am forwarding the credit watch list for your review. I have one concern = as a member of the origination team ("NO TRADES"-- Nine Energy Services, LL= C and all Airline counterparties (including but not limited to the followin= g): Air Canada, Airtran Holdings, America West Airlines, America West Hold= ings Corp., American Airlines, Inc., AMR Corp., Chautauqua Airlines, Contin= ental Airlines, Delta Air Lines, Jet Blue Airways, Midway Airlines, Northwe= st Airlines, Sabina Blanca SL, Southwest Airlines, United Air Lines, U.S. A= irways and the VAL Group.) I would hope that we are not just abandoning th= is segment of the industry. I know Enron has been courting these counterpa= rties for the last few years to hedge their energy needs. I hope we are do= ing whatever is possible to work through the financial issues. If Enron is= going to keep market share in this industry we need to think about how we = manage the risk and retain the customers. -----Original Message----- From: =09Espinoza, Veronica =20 Sent:=09Monday, September 17, 2001 1:33 PM To:=09Brackett, Debbie R.; Bradford, William S.; Conner, Andrew R.; Fitzger= ald, Genia; Hanse, Patrick; Murphy, Melissa Ann; Theriot, Kim S.; Yoder, Ch= ristian; Miller, Mike J.; Neal, Steve; Olinger, Kimberly S.; Otto, Charles = H.; Parquet, David; Pereira, Susan W.; Perlman, Beth; Pollan, Sylvia S.; Pr= ice, Brent A.; Reck, Daniel; Reeves, Leslie; Ring, Andrea; Shackleton, Sara= ; Shankman, Jeffrey A.; Shively, Hunter S.; Sorenson, Jefferson D.; South, = Steven P.; Allen, Phillip K.; Allen, Thresa A.; Arnold, John; Aucoin, Berne= y C. ; Baughman, Edward D.; Bowen, Bob; Brawner, Sandra F.; Brazaitis, Greg= ; Breslau, Craig; Coleman, Brad; Donohoe, Tom; Etringer, Michael; Foster, C= hris H.; Glover, Sheila; Suh, Jungsuk; Taylor, Mark E (Legal); Tholt, Jane = M.; Thomas, Jake; Lagrasta, Fred; Scheuer, Janelle; Gilbert, George N.; Fra= ser, Jennifer; Mellencamp, Lisa; Daniel, Shonnie; Gray, Barbara N.; Van Hoo= ser, Steve; Cook, Mary; Nemec, Gerald; Ogden, Mary; St. Clair, Carol; Hlava= ty, Nathan; Taylor, Craig; Sturm, Fletcher J.; Storey, Geoff; Holst, Keith;= Keavey, Peter F.; Grigsby, Mike; Lewis, Andrew H.; Perlingiere, Debra; Smi= th, Maureen; Mulholland, Sarah; Barker, James R.; Fleming, Matthew B.; Dick= son, Stacy E.; Ewing, Linda J.; Lilly, Kyle R.; Hanson, Kristen J.; Bosse, = Kevin; Stuart III, William; Resendez, Isabel Y.; Eubanks Jr., David W.; Pat= el, Sheetal; Lavorato, John; O'Leary, Martin; Mahmassani, Souad; Singer, Jo= hn; Knoblauh, Jay; Schockling, Gregory; McCairns, Dan; Bond, Ragan; Rangel,= Ina; Gillette, Lisa; Bywaters, Candy; Green, Ron; Blay, Jennifer; Cook, Au= drey; Seibel, Teresa; Benevides, Dennis; Ngo, Tracy; Harris, JoAnne; Tate, = Paul; 'Imam, Zarin'; Bangle, Christina; Moran, Tom; 'Weithman, Tim'; Rawson= , Lester; Hall, Bob M; Baxter, Bryce; Dahanayake, Bernard; Deming, Richard;= Bailey, Derek; Anderson, Diane; Hunter, Larry Joe; Wallumrod, Ellen; Bowen= , Bob; Lees, Lisa; Sever, Stephanie; Fisher, Joni; Eggleston, Meredith; Gor= ny, Vladimir; Vachuska, Cindy; Diamond, Russell; Miroballi, Angelo; Ratnala= , Melissa K.; Williams, Jason R (Credit); Balfour-Flanagan, Cyndie; Richard= son, Stacey; Bryan, Linda S.; Bussell l, Kathryn; Mims, Patrice L.; Jackson= , Lee; Boxx, Pam B.; Hernandez, Elizabeth L.; Otto, Randy; Quezada, Daniel;= Hull, Bryan; Penman, Gregg; Smith, Dana; Anderson, Clinton; Valderrama, Li= sa; Tian, Yuan; Smith, Raiford; Plachy, Denver; Moon, Eric; McMichael Jr., = Ed; Martin, Jabari; Little, Kelli; Huan, George; Horne, Jonathan; Hernandez= , Alex; Garza, Maria; Garcia, Santiago; Fitzwater, Loftus; Espey, Darren; D= icarlo, Louis; Curlee, Steven; Breese, Mark; Boyt, Eric; Grass, John; Kelly= , Katherine L.; Franklin, Cynthia; Khandker, Dayem; Thorne, Judy; Dicarlo, = Louis; Jennings, Jennifer; Phillips, Rebecca; Grass, John; Ferries, Nelson;= Ring, Andrea; Ortiz, Lucy; Martin, Thomas A.; Jones, Tana; Lucci, Paul T.;= Nemec, Gerald; Smith, Tiffany; Stephens, Jeff; Quigley, Dutch; Hodge, Jeff= rey T.; Goodell, Scott; Maggi, Mike; Griffith, John; May, Larry; Germany, C= hris; Pimenov, Vladi; Townsend, Judy; Hendrickson, Scott; Ruscitti, Kevin; = Williams, Jason (Trading); Lenhart, Matthew; Sanchez, Monique; Lambie, Chri= s; Reitmeyer, Jay; Gay, Randall L.; Farmer, Daren J.; Bass, Eric; Rohauer, = Tanya Subject:=09Credit Watch List--Week of 9/17/01 Attached is a revised Credit Watch listing for the week of 9/17/01. Pleas= e note that the following entities are placed on "NO TRADES"-- Nine Energy = Services, LLC and all Airline counterparties (including but not limited to = the following): Air Canada, Airtran Holdings, America West Airlines, Ameri= ca West Holdings Corp., American Airlines, Inc., AMR Corp., Chautauqua Airl= ines, Continental Airlines, Delta Air Lines, Jet Blue Airways, Midway Airli= nes, Northwest Airlines, Sabina Blanca SL, Southwest Airlines, United Air L= ines, U.S. Airways and the VAL Group. If there are any personnel in your group that were not included in this dis= tribution, please insure that they receive a copy of this report. To add additional people to this distribution, or if this report has been s= ent to you in error, please contact Veronica Espinoza at x6-6002. For other questions, please contact Jason R. Williams at x5-3923, Veronica= Espinoza at x6-6002 or Darren Vanek at x3-1436.