Message-ID: <21553311.1075845852443.JavaMail.evans@thyme>
Date: Mon, 14 May 2001 11:01:00 -0700 (PDT)
From: carlos.sole@enron.com
To: ron.tapscott@enron.com
Subject: FW: term sheet template
Cc: kay.mann@enron.com
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Ron, attached is a revised version of the term sheet you prepared.  I delet=
ed=20
the reference to the confidentiality obligations on the theory that=20
everything in that document is non-binding.  In presenting the document for=
=20
NMC, I would indicate something to them like "attached for disucssion=20
purposes is a proposed term sheet, please note that all the information=20
contained therein and all subsequent negotiations in connection with it are=
=20
to be regarded as confidential in accordance with that certain=20
confidentiality agreement entered into on April 12, 2001."  Also, please no=
te=20
that the term sheet does not reflect Terri's comments below but does have=
=20
edits that Doug made.

Lastly, since your potential transaction involves a trading play, I have=20
asked Kay Mann.  If you meet with Doug and Terri et al, I would involve Kay=
=20
in the meetings.  Thanks.



----- Forwarded by Carlos Sole/NA/Enron on 05/14/2001 05:56 PM -----

=09Terri Clynes@ECT
=0904/25/2001 10:12 AM
=09=09=20
=09=09 To: Carlos Sole/NA/Enron@Enron
=09=09 cc: Ron Tapscott/HOU/ECT@ECT, Doug Sewell/Enron@EnronXGate
=09=09 Subject: FW: term sheet template

Carlos,

I have reviewed the term sheet and have the following comments:

 1.  Under the Variable Charge section, the charge reflects a "sum".  I am=
=20
not sure if this is appropriate since only the "product" of the $/mwh   and=
=20
the number of MWs is listed to be summed.

 2.  The term sheet gives the buyer intraday flexibility.  I  am not sure i=
f=20
Ron has had a chance to speak with anyone on the desk about   managing an=
=20
hourly call/change schedule, but I think these discussions need to take pla=
ce=20
prior to discussions with the customer.

Let me know if you have any questions.

Terri Clynes
x37724
---------------------- Forwarded by Terri Clynes/HOU/ECT on 04/25/2001 09:2=
6=20
AM ---------------------------
From: Doug Sewell/ENRON@enronXgate on 04/20/2001 10:19 AM
To: Terri Clynes/HOU/ECT@ECT
cc: =20
Subject: FW: term sheet template

FYI=01(=01(=01(=01(=01(.

 -----Original Message-----
From:  Tapscott, Ron =20
Sent: Friday, April 20, 2001 8:57 AM
To: Sewell, Doug; Sole, Carlos
Subject: term sheet template

Doug,

see attached term sheet for NMC (Arpin, WI site).  Please provide comments=
=20
and changes as appropriate (plus add language for your insurance product in=
=20
the place holder).

Carlos,

Doug and I will provide you background.  I am not sure if you are the=20
appropriate Legal Support (please direct us to the appropriate person if yo=
u=20
are not).

This is a starting point and is fairly general (to facilitate discussions=
=20
with NMC).

Thanks, Ron.

=20