Message-ID: <3131315.1075841441335.JavaMail.evans@thyme> Date: Mon, 7 Jan 2002 13:25:02 -0800 (PST) From: m..presto@enron.com To: angela.davis@enron.com Subject: RE: Enron-SE Corp. Cc: lloyd.will@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable Bcc: lloyd.will@enron.com X-From: Presto, Kevin M. X-To: Davis, Angela X-cc: Will, Lloyd X-bcc: X-Folder: \ExMerge - Presto, Kevin M.\Sent Items X-Origin: PRESTO-K X-FileName: kevin presto 2-7-02.pst I want to make sure we get the hardware and software (I agree that this is = already the property of ENA) into Netco like we have the rest of the softwa= re/hardware critical to the trading organization. The payable is sunk and= should be left with the estate. -----Original Message----- From: =09Davis, Angela =20 Sent:=09Monday, January 07, 2002 8:14 AM To:=09Presto, Kevin M. Cc:=09Schuler, Lance (Legal) Subject:=09FW: Enron-SE Corp. See the below. Do you still want to transfer the hardware and software? A= lso, I would assume that Netco would assume the $1.5 million payable. Shou= ld the memberships be assigned, if assignable? Angela D. Davis Enron North America Corp. 1400 Smith Street, EB3817 Houston, Texas 77019 Tel: (713) 345-8347 Fax: (713) 646-3393 e-mail: angela.davis@enron.com -----Original Message----- From: =09Davis, Angela =20 Sent:=09Monday, January 07, 2002 7:53 AM To:=09Schuler, Lance (Legal); Muller, Mark S.; 'mitch.taylor@weil.com'; 'st= uart.ogg@weil.com'; 'mary.korby@weil.com' Subject:=09Enron-SE Corp. I have been told that all control area agreements have lapsed and are no lo= nger in effect. Per David Portz, there are still in existence memberships = with regional authorities (you pay dues and you get to vote) which he says = will lapse when the regional authorities determine that Enron no longer con= trols any load. Also, there are items of software and hardware used by Enr= on-SE Corp., which would be transferred to Netco. I do not think that the = hardware and software is owned by Enron-SE, since purportedly the only asse= t showing on the books of Enron-SE is a receivable of $1,218 from ENA. The= software and hardware was purchased from ESCA and $1.5 million is still ow= ed. David Portz thought that EPMI or ENA actually purchased the hardware a= nd software (and I think probably still owns it). I am attempting to ascer= tain ownership from accounting. Based on these facts, it does not appear t= hat there is any great benefit to the estate in keeping the hardware and so= ftware. Further, the outstanding payable of $1.5 could be transferred to N= etco. Angela D. Davis Enron North America Corp. 1400 Smith Street, EB3817 Houston, Texas 77019 Tel: (713) 345-8347 Fax: (713) 646-3393 e-mail: angela.davis@enron.com