Message-ID: <14044737.1075845825239.JavaMail.evans@thyme> Date: Wed, 21 Mar 2001 04:29:00 -0800 (PST) From: stephen.thome@enron.com To: carlos.sole@enron.com, kay.mann@enron.com, ccampbell@kslaw.com Subject: Fwd: Enron Turbine Acquisition Structure Cc: jake.thomas@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: jake.thomas@enron.com X-From: Stephen Thome X-To: Carlos Sole, Kay Mann, ccampbell@kslaw.com X-cc: Jake Thomas X-bcc: X-Folder: \Kay_Mann_June2001_2\Notes Folders\Discussion threads X-Origin: MANN-K X-FileName: kmann.nsf GE has graciously extended our option period and is attempting to accellerate our back-fill delivery. The game is still on.... Panda included. Their red-lines are attached below. I haven't read the "documentation", but I suspect Panda/AEP has been busy all this time recrafting a completely new structure. Steve ---------------------- Forwarded by Stephen Thome/HOU/ECT on 03/21/2001 12:26 PM --------------------------- "Lori Holt" on 03/21/2001 12:10:09 PM To: , cc: "Bruce Dyer" , "Jimmy Teringo" , "Steve Anderson" Subject: Fwd: Enron Turbine Acquisition Structure Steve, Please review and call when you are finished. Regards, Lori Received: from mail2.aep.com by mailhost.pandaenergy.com; Wed, 21 Mar 2001 12:05:46 -0600 Received: from dsml2or.aepsc.com ([10.97.175.25]) by mail2.aep.com (Switch-2.1.0/Switch-2.1.0) with ESMTP id f2LHmu139856; Wed, 21 Mar 2001 12:48:56 -0500 Subject: Enron Turbine Acquisition Structure To: Lorih@pandaenergy.com Cc: grooney@aep.com, rlmetersky@aep.com, wfhenze@jonesday.com From: dtmusselman@aep.com Date: Wed, 21 Mar 2001 12:55:01 -0500 Message-ID: X-MIMETrack: Serialize by Router on DSML2OR/SERVERS/AEPIN(Release 5.0.5 |September 22, 2000) at 03/21/2001 12:55:09 PM MIME-Version: 1.0 Content-type: multipart/mixed; Boundary="0__=85256A160061AA5F8f9e8a93df938690918c85256A160061AA5F" Content-Disposition: inline Lori: Attached you will find a Draft Purchase & Sale Agreement under which a synthetic financing entity would acquire from E-Next an LLC which has as its sole asset the right to a GE Turbine. This structure is desirable to us since it makes a cleaner break and we believe it is permitted by the PO. We have also confirmed with our financing entity that it is a structure which is acceptable to them in concept. We would like to confirm with GE that this would be acceptable to them and you will also find a form of letter attached which would serve as GE's confirmation of that fact. By a separate e-mail, in the very near future, I am intending to provide a diagram which shows all steps of the deal structure (in word processing now. Please call with any comments or questions.(See attached file: Turbine Acquisition Documentation.DOC)(See attached file: GE Letter.doc) ------------------------------------------------------------------------------ ------------------ This e-mail message from the Legal Department of American Electric Power is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. - Turbine Acquisition Documentation.DOC - GE Letter.doc