Message-ID: <2257510.1075844781727.JavaMail.evans@thyme> Date: Mon, 2 Apr 2001 04:37:00 -0700 (PDT) From: cheryl.nelson@enron.com To: sara.shackleton@enron.com Subject: Re: Enron de Inversiones de Energia S.C.A. (an Argentine company) (EDIDE) Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Cheryl Nelson X-To: Sara Shackleton X-cc: X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_2\Notes Folders\Nelson X-Origin: SHACKLETON-S X-FileName: sshackle.nsf Hi Sara. With all due respect Sara, I have a constructive suggestion for both of us. In Anna's view, and I agree, it is causing some unnecessary confusion that you call her to negotiate provisions of the contract that I am negotiating with her without my knowledge. It makes both you and I look disorganized and in doing so, I beleive it undermines our position in negotiating the terms. As a practical matter, it is extrmemly difficult to negotiate a contract and administratively organize the execution if I am not sure whether there is someone else taking steps (especially with outside counsel that I am not aware of.) If you have asked me to negotiate an agreement -- as in the case of Enron Credit Inc. -- and you have an update on the status -- having sat in on the conference call on Friday, then why not let me do so? At the very least, could you call me first for an update or try to include me in the call. Equally important, while I am sure that it is not your intent, you are undermining my morale. I have constantly kept you updated -- sometimes on an hourly basis -- on the status of what is going on with all of the administrative and legal tasks. To call outside counsel under those circumstances comes across as a vote of no confidence in my work and efforts which is baffling to me because I think I have worked hard and have accomplished a tremendous amount with respect to the brokerage agreement project. I have negotiated these agreements with a great deal of thoughtfulness and skill. I have gone above and beyond even to determine applicable law that no one else was aware of. Moreover on Friday (again without intending to do so) you undermined my morale by telling me that there were administrative tasks that needed to be done. You said that you hope I know that the agreement does not just become executed once we sign it. Sara, it should be obvious to you that I know -- perhaps better than anyone else -- what administrative tasks need to be accomplished to open this kind of brokerage account. I have even figured out that there are administrative tasks beyond what any one else is aware, for example, in the case of the ancillary NASDAQ agreements, that no one else was aware had to be completed. I have proven already that I can execute all of the administrative tasks in an expedited manner. I want these comments to be taken in the spirit in which they are given -- which is that we both mean well and are working toward a common goal and that everyone can learn from anyone. I look forward to talking to you further so that we do not let the frantic nature of our work make any one feel that their efforts are not valued. Cheryl Nelson Senior Counsel EB3816 (713) 345-4693