Message-ID: <32236674.1075858536442.JavaMail.evans@thyme> Date: Fri, 20 Jul 2001 12:55:11 -0700 (PDT) From: debra.perlingiere@enron.com To: cyndie.balfour-flanagan@enron.com Subject: RE: Upstream Energy Services Company: Headquarter/Tradename issue revisited Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Perlingiere, Debra X-To: Balfour-Flanagan, Cyndie X-cc: X-bcc: X-Folder: \Perlingiere, Debra (Non-Privileged)\Perlingiere, Debra\Sent Items X-Origin: Perlingiere-D X-FileName: Perlingiere, Debra (Non-Privileged).pst I am not currently negotiating any deals with this counterparty. If the contract is with HPL, any issues they have should be directed to AEP. Also given your information regarding trade status, I would not consider entering into any type of contract with this company. Finally, I can offer you no info with regards to the "LLC", The only company I am aware of is "Upstream Energy Services Company. -----Original Message----- From: Balfour-Flanagan, Cyndie Sent: Friday, July 20, 2001 1:21 PM To: Dickson, Stacy E.; Theriot, Kim S.; Baxter, Bryce; Perlingiere, Debra; Sever, Stephanie; Brackett, Debbie R.; Hare, Bill D.; Greif, Donna Cc: Bryan, Linda S.; Richardson, Stacey; Schott, Samuel; Elledge, Susan Subject: Upstream Energy Services Company: Headquarter/Tradename issue revisited While researching an EOL issue for Upstream Energy Services Company I noticed two records in the Global Counterparty Database that looked to be duplicates. 49992 Upstream Energy Services Company [Tradename] 92260 Upstream Energy Services Company, LLC [Headquarters] Both records are "active" (as they should be based on the current classification) However, the note listed below seems to suggest that the customer is actually doing business as LLC: << OLE Object: PBrush >> The only master contract we had in existence was assigned to AEP/HPL and all current business is now conducted under GTCs. BOTH CP versions are EOL counterparties and both appear on the 7/19/01 Credit Watch Report as "No Trades" with an E-rating of 10. The question: Should all activity actually be under only the LLC version? Knowing most traders, they are going to pick which ever one they happen to click on first. Bryce: Does anyone in your group know any reasons why Upstream Energy Services Company, LLC would want to segregate invoices & payments? One under "Upstream Energy Services Company" & the other under "Upstream Energy Services Company, LLC"? Donna: Is there a pathing issue that needs to keep transactions under both CP versions? One under "Upstream Energy Services Company" & the other under "Upstream Energy Services Company, LLC"? Debbie: Since they are linked, we are capturing exposure for transactions under either. How would credit prefer to see this? Stacey/Debra: Are we currently negotiating a replacement GISB with Upstream? If so, any idea which name is or will be on the contract? Stephanie: What is EOL's view? The reason I bring this issue to your attention is based on the previous discussions surrounding the debate and concern on downstream system and deal capture under Headquarters, Divisions & Tradenames. Given the obvious similarities of the names as listed in the Global Counterparty database, any confusion that can be avoided in the future would be a benefit for all groups. Thank you! Cyndie [Global Contracts]