Message-ID: <31065510.1075852281824.JavaMail.evans@thyme> Date: Mon, 17 Sep 2001 11:36:48 -0700 (PDT) From: elizabeth.sager@enron.com To: drusso@reliant.com Subject: WSPP news flash Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Sager, Elizabeth X-To: 'drusso@reliant.com@ENRON' X-cc: X-bcc: X-Folder: \ESAGER (Non-Privileged)\Sent Items X-Origin: SAGER-E X-FileName: ESAGER (Non-Privileged).pst Ugh. Where were you - things again got ugly on market disruption (brokers or dealers permitted up to 4 each with no requirement of equal numbers). In the meanwhile, credit annex meeting has been established for Nov.1 at the Marriott on Coronado Island. Talk to you soon. Elizabeth Sager 713-853-6349 -----Original Message----- From: drusso@reliant.com@ENRON [mailto:IMCEANOTES-drusso+40reliant+2Ecom+40ENRON@ENRON.com] Sent: Monday, September 17, 2001 10:22 AM To: Sager, Elizabeth Subject: Energy Market - ISDA Statement fyi This communication is CONFIDENTIAL and protected by the ATTORNEY-CLIENT and WORK PRODUCT privileges. Dede Russo Senior Attorney Reliant Energy Law Department P.O. Box 1384 Houston, TX 77251-1384 1111 Louisiana St., Suite 4300 (77002) Phone: (713) 207-5240 Fax: (713) 207-0161 E-Mail: drusso@reliant.com ----- Forwarded by Dianne H Russo/TTG/HouInd on 09/17/2001 10:20 AM ----- Kimberly Summe , "'s.takahata@aozorabank.co.jp'" 09/13/2001 , 07:45 PM "'tshibasaki@asahibank.co.jp'" , "'myamamo@asahibank.co.jp'" , "'kyoshida@asahibank.co.jp.'" , "'ruth.harper@ashursts.com'" , "'heasleyt@anz.com'" , "'murrayr2@anz.com'" , "'opiel@anz.com'" , "'michael.rodriques@bnpparibas.com'" , "'emma.gilkes@bakernet.com'" , "'iona.levine@bakernet.com'" , "'larenas@banamex.com'" , "'rantch_isquith@bankone.com'" , "'ronald.c.brinson@bankofamerica.com'" , "'david.french@bankofamerica.com'" , "'kris.greenberg@bankofamerica.com'" , "'robert.j.nagy@bankofamerica.com'" , "'Ken.Reeder@bankofamerica.com'" , "'minzhu@bank-of-china.com'" , "'ameen.karmally@scotiabank.com'" , "'hisae_yamasaki@btm.co.jp'" , "'steve.crotch@barcap.com'" , "'guy.dempsey@barcap.com'" , "'john.fry@barcap.com'" , "'caroline.szatmari@barclayscapital.com'" , "'jay.taylor@barcap.com'" , "'benoit.devitry@barclayscapital.com'" , "'dietmar.huebler@blb.de'" , "'marion.sommerkorn@blb.de'" , "'jonathan.ross@bellgully.com'" , "'irwinm@bp.com'" , "'mcdermme@bp.com'" , "'stockwlj@bp.com'" , "'wannelcd@bp.com'" , "'john.pearson@cibc.ca'" , "'wendy.rogers@cibc.co.uk'" , "'ayp@cmck.com'" , "'nick.perry@caminus.com'" , "'agnes.foy@capclear.com'" , "'linda_lane@cargill.com'" , "'annamaria.beissel@chase.com'" , "'leo.lai@chase.com'" , "'anne.marie.sullivan@chase.com'" , "'blake.titrud@chase.com'" , "'drew.berman@citicorp.com'" , "'steven.t.ciampi@ssmb.com'" , "'steven.j.keltz@ssmb.com'" , "'mdayan@cgsh.com'" , "'kilmonen@cgsh.com'" , "'paul.avanzato@cliffordchance.com'" , "'marc.benzler@cliffordchance.com'" , "'michael.cieslarczyk@cliffordchance.com'" , "'carrie.fleming@cliffordchance.com'" , "'lynn.johanson@cliffordchance.com'" , "'nick.o'neill@cliffordchance.com'" , "'tim.plews@cliffordchance.com'" , "'peter.scherer@cliffordchance.com'" , "'christian.voit@cliffordchance.com'" , "'david.yeres@cliffordchance.com'" , "'stephen.hewitt@clyde.co.uk'" , "'bugge@cba.com.au'" , "'macagnka@cba.com.au'" , "'pjeanne@us.ca-indosuez.com'" , "'praimondi@carrfut.com'" , "'christine.knight@csfb.com'" , "'diana.mead@csfb.com'" , "'caroline.netange@csfb.com'" , "'masataka.mori@daiwasmbc.co.jp'" , "'richard.kortright@dpw.com'" , "'morten.jakobsen@dnb.no'" , "'jxc@dentonwildesapte.com'" , "'rfjf@dentonwildesappte.com'" , "'bh@dentonwildesapte.com'" , "'rmp@dentonwildesapte.com'" , "'alessandro.cocco@db.com'" , "'silke.eiserbeck@db.com'" , "'YUKA.OKUNO@DB.COM'" , "'cosette.reczek@db.com'" , "'bill.ryan@db.com'" , "'lklein@deweyballantine.com'" , "'chandraleka.bhargavan@drkw.com'" , "'markus.huewener@drkw.com'" , "'georg.neuhold@dresdner-bank.com'" , "'erich.pohl@drkw.com'" , "'HansHenning.Rathjen@drkw.com'" , "'aeabbott@duke-energy.com'" , "'rsbaker@duke-energy.com'" , "'svickers@duke-energy.com'" , "'irfana.malik@elpaso.com'" , "'sheila.nagel@elpaso.com'" , "'marie.wagner@elpaso.com'" , "'elisabeth-anne.bertin@edf.fr'" , "'david.fairbairn@elftrading.com'" , "'anthony.redstone@elftrading.com'" , Mark Haedicke , "'lkitchen@enron.co.uk'" , "'jane.mcbride@enron.com'" , "'elizabeth.sager@enron.com'" , "'paul.simons@enron.com'" , Mark Taylor , "'elaine.whiting@enron.com'" , "'craig.young@enron.com'" , "'awinckler@uk.ey.com'" , "'ucs@ffwlaw.com'" , "'shitara@finsgate-tech.co.jp'" , "'steven.gray@funb.com'" , "'andy.stuart@rmb.co.za'" , "'karen.nicholls@framesoft.com'" , "'cgeorgi@genre.com'" , "'acf@gide.fr'" , "'duhamel@gide.fr'" , "'tricia.bowden@gs.com'" , "'STEVEN.BUNKIN@GS.COM'" , "'nikiforos.mathews@gs.com'" , "'jolie.norris@gs.com'" , "'brian.peyton@gs.com'" , "'STANLEY.PRESTON@GS.COM'" , "'keir.prince@gs.com'" , "'bernadette.willis@gs.com'" , "'michael.j.egelhof@us.hsbc.com'" , "'byron.rennick@us.hsbc.com'" , "'hans.koning@ingbank.com'" , "'mark.saunders@ing-barings.com'" , Susan Hinko , Teruo Tanaka , "'ajain@worldbank.org'" , "'leandro@iadb.org'" , "'GIOVANNIG@iadb.org'" , Nellie Lim , Angela Papesch , "'mossanna@bci.it'" , "'seema_bal@ipicorp.com'" , "'bonni@ipicorp.com'" , "'ptrollip@investec.co.za'" , "'wfhenze@jonesday.com'" , "'tloshkajian@jonesday.com'" , "'haugaard@jyskebank.dk'" , "'azaim@kpmg.com'" , "'daniel.bryant@keyport.com'" , "'atrapp@sachsenlb.de'" , "'christian.bettley@linklaters.com'" , "'heather.pilley@linklaters.com'" , "'bindu_rav@londex.com'" , "'laurence.garside@lovells.com'" , "'chris.owen@lovells.com'" , "'rajiv.raval@lovells.com'" , "'martin.james@msj.com.au'" , "'jchin@mayerbrown.com'" , "'judith.lawless@mccannfitzgerald.ie'" , "'patricia_north@ml.com'" , "'esanford@milbank.com'" , "'masahiro.ono@mitsuimarine.co.jp'" , "'wani@mywm.co.jp'" , "'JMARON@MONEYLINE.COM'" , "'tim.arcedeckne-butler@msdw.com'" , "'mary.ellen.semmelhaack@msdw.com'" , "'fiona.smith@morganstanley.com'" , "'ujahn@morganlewis.com'" , "'niels.kjaer@nordea.com'" , "'janne.saarikko@nordea.com'" , "'paivi.toivari@merita.fi'" , "'ayumisase@nochubank.or.jp'" , "'t-utsumi@nochubank.or.jp'" , "'hendersonsk@nortonrose.com'" , "'iversena@nortonrose.com'" , "'amassobrio@ogilvyrenault.com'" , "'s.freitag@opg.com'" , "'gwen.kelly@pseg.com'" , "'edward.kim@pseg.com'" , "'shawn.leyden@pseg.com'" , "'cindy.midura@pseg.com'" , "'bradford.radimer@pseg.com'" , "Steven R. Teitelman" , "'tassop@pacfor.com'" , "'faprado@pinheironeto.com.br'" , "'ncrist@prebon.com'" , "'okadas@prebon.co.jp'" , "'ishikawa@prebon.co.jp'" , "'john.finnerty@us.pwcglobal.com'" , "'anastasia.joyce@us.pwcglobal.com'" , Juan Pujadas , "'long@ppllc.com'" , "'Scott_L_Diamond@prusec.com'" , "'christophe.chassard@rwetrading.com'" , "'rita.pearson-schwandt@rwetrading.com'" , "'gavin_lee@reech.com'" , "'Fbentoumi@reliantenergy.nl'" , "'pcastanon@reliantenergy.nl'" , "'sheryl_gussett@reliantenergy.com'" , "'wade_a_hoefling@reliantenergy.com'" , "'drusso@reliantenergy.com'" , "'msaul@reliantenergy.com'" , "'candace.barrett@royalbank.com'" , "'tracy.ross@royalbank.com'" , "'gloria.austin@rbos.com'" , "'trish.cooper@rbos.com'" , "'liz.goodman@rbos.com'" , "'uzo.onwere@rbos.com'" , "'alberto.ruano@sjberwin.com'" , "'annette.hoener@oppenheim.de'" , "'takashi_seike@sanwabank.co.jp'" , "'ttakino@sanwaint.com'" , "'yasufumi.shimada@shinseibank.com'" , "'mgreenberg@sidley.com'" , "'tom.hunter@simmons-simmons.com'" , "'ned.swan@simmons-simmons.com'" , "'olofmyhrman@seb.se'" , "'barbro.skog@seb.se'" , "'katarina.telhammar@seb.se'" , "'anna.lawry@slaughterandmay.com'" , "'sanjevwks@slaughtermay.com'" , "'gareth.williams@socgen.com'" , "'makim@scmb.co.za'" , "'mgrottenthaler@tor.stikeman.com'" , "'wscott@tor.stikeman.com'" , "Mark N. Rae" , "'james_baker@summithq.com'" , "'henry.bonner@risk.sungard.com'" , "'jcain@sablaw.com'" , "'wdavis@sablaw.com'" , "'masaaki_katsuyama@swissre.com'" , "'chasbarrett@csi.com'" , "'jon.ibbotson@txu-europe.com'" , "'william.finn@tdsecurities.com'" , "'peter.verbiest@tractebel.com'" , "'williej@transnet.co.za'" , "'john.varholy@troutmansanders.com'" , "'edward.murray@sales.vattenfall.se'" , "'claude.unge@legal.vattenfall.se'" , "'dbf@vitol.com'" , "'kelly.johnson@wellsfargo.com'" , "'carsten_roemmer-collmann@westlb.de'" , "'miller@newyork.whitecase.com'" , "'araspe@elementre.com'" , "'KYoshida037943@po.yasuda.co.jp'" , "'asa.engstrom@se.abb.com'" , Douglas Bongartz-Renaud , "'labrams@aigi.com'" , "'dbruning@aigi.com'" , "'mcassidy@aigi.com'" , "'bmorgen@aigi.com'" , "'splatel@aigi.com'" , "'jschwab@aigi.com'" , "'eldon.pethybridge@centrica.co.uk'" , "Robert M. Coors" , "'mgribin@aceguarantyre.com'" , "'erothman@aceguarantyre.com'" , "'john.berry@allenovery.com'" , "'goldenj@allenovery.com'" , "'northwan@allenovery.com'" , "'quentin.pak@allenovery.com'" , "'niharika.patel@allenovery.com'" , "'richard.tredgett@allenovery.com'" , "'thomas.werlen@allenovery.com'" , "'sara.shackleton@enron.com'" , "'philip.levy@chase.com'" , "'julian.barrowcliffe@bankofamerica.com'" , "'bob.moore@bmo.com'" , "'harold.kamins@morganstanley.com'" , "'jonathan.taylor@barclayscapital.com'" , "'ken.jarrett@chase.com'" , "'david.deveny@bmo.com'" , "'isabelle.ealet@gs.com'" , "'john.redpath@americas.bnpparibas.com'" , "'youngm@phibro.com'" , "'john.l.wilson@enron.com'" , "'eric.vial@elftrading.com'" , "'mvon@hess.com'" , "'mark.m.quartermain@stasco.com'" , "'sarah.l.mcavoy@bankofamerica.com'" , "'john.p.emert@bofasecurities.com'" , "'ron.neal@bankofamerica.com'" , "'david.french@bankofamerica.com'" , "'david.mooney@bankofamerica.com'" , "'stephen.smethurst@creditlyonnais.co.uk'" , "'william.mccoy@morganstanley.com'" cc: Robert Pickel , Jeff Golden , Stacy Carey , Ruth Ainslie , Diane Genova Subject: Energy Market - ISDA Statement As part of its efforts to assist the markets resolve certain issues arising out of this week's events, ISDA has been asked to consider the implications of certain continuing problems with futures exchanges and price source publications for commodity derivatives. Attached in the form of a draft statement from ISDA are a series of proposals that have been made by a number of institutions active in the OTC commodity derivatives area to resolve pricing difficulties. We welcome your comments on these proposals. The purpose of this distribution is to encourage all participants in the markets for these products to consider the issues raised and, we hope, to come to some consensus position that can be reflected in a statement in the style of the attached draft by ISDA. Please send any comments to Kimberly Summe (ksumme@isda.org) as soon as possible on Friday morning. Please contact me at ISDA at 212-332-1203 if you have any questions. Kimberly Summe General Counsel <> (See attached file: Commodity Statement.doc) - Commodity Statement.doc << File: Commodity Statement.doc >>