Message-ID: <33516050.1075859087768.JavaMail.evans@thyme> Date: Fri, 7 Dec 2001 09:23:36 -0800 (PST) From: eric.gadd@enron.com To: danny.mccarty@enron.com Subject: RE: ANNGTC Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Gadd, Eric X-To: McCarty, Danny X-cc: X-bcc: X-Folder: \Danny_McCarty_Jan2002\McCarty, Danny\Inbox\Alaska Gas X-Origin: McCarty-D X-FileName: dmccarty (Non-Privileged).pst I can make a good case for $3.5 to $7 MM but it depends on how receptive the ANS producers are to the commercial proposal. -----Original Message----- From: McCarty, Danny Sent: Friday, December 07, 2001 10:56 AM To: Gadd, Eric Subject: RE: ANNGTC Eric, Do you have any ballpark idea about where an offer might come in? Dan -----Original Message----- From: Gadd, Eric Sent: Friday, December 07, 2001 10:00 AM To: Pryor, Tony; Wilkie, Kim Cc: Hill, Robert; McCarty, Danny Subject: ANNGTC Tony + Kim, Several of the rejoining partners of ANNGTC have contacted me asking if Enron is interested in selling its residual claims. The answer is most definitely affirmative. Please advise on the following- What are the bankruptcy court's requirements to undertake a mandated auction? Is it possible through the bankruptcy court to extinguish liability claims arising prior to NAGC's withdrawal from the ANNGTC partnership? If so, how? Here's how I would like to proceed- Prepare an offering letter that identifies what we are selling and preferred terms + conditions Distribute to each partner, possibly other interested parties (ANS producers) Obtain bids and evaluate best offer I would like to begin the sales process asap and would appreciate your feedback most urgently.