re : coal deals the current bengalla purchase transaction for approximately $ 3 . 5 mm is approved by credit and from a cash flow standpoint . please continue to approve transactions through credit . however , for the most part we will treat the coal business , as business as usual .
thanks ,
bill
- - - - - original message - - - - -
from : mcclellan , george
sent : tuesday , november 13 , 2001 7 : 34 am
to : bradford , william s .
cc : shankman , jeffrey a .
subject : re : coal deals
bill - apologize for missing our meeting yesterday . please give me a call first thing to go over bengalla and drummond . thanks .
- - - - - original message - - - - -
from : bradford , william s .
sent : sunday , november 11 , 2001 10 : 38 am
to : mcclellan , george
cc : suttle , john
subject : re : coal deals
george ,
i would be happy to discuss with you . it remains critical that we manage all cash requirements as our access to capital markets has been impacted over the past few weeks . hopefully the announcement on friday will improve our ability to execute transactions like this in future , but prior to friday this was a necessary precaution . unfortunately , you are working at a different company than you were a few weeks ago .
we can discuss next week .
bill
- - - - - original message - - - - -
from : mcclellan , george
sent : friday , november 09 , 2001 7 : 51 pm
to : suttle , john ; peters , jez ; staley , stuart ; miyai , tark ; bauer , adam ;
nimmo , matthew ; bradford , william s .
subject : re : coal deals
john / bill - talk with me in houston on monday - we ain ' t operating like this .
george
- - - - - original message - - - - -
from : suttle , john
sent : fri 11 / 9 / 2001 12 : 36 pm
to : peters , jez ; staley , stuart ; miyai , tark ; bauer , adam ; nimmo , matthew ; bradford , william s .
cc : mcclellan , george
subject : re : coal deals
the bengalla deal was struck after i had given ecap notice of the liquidity problems , and more importantly , without any rac involvement .
from a rac perspective this deal is still unapproved . if an invoice discount facility can be used , or some other means of performing without using enron capital then you should move forward . if these options are not available , then the issue should either be raised to louise kitchen for approval or unwound until the liquidity problems are resolved .
john
- - - - - original message - - - - -
from : peters , jez
sent : thursday , november 08 , 2001 5 : 17 pm
to : staley , stuart ; suttle , john ; miyai , tark ; bauer , adam ; nimmo , matthew ; bradford , william s .
cc : mcclellan , george
subject : re : coal deals
needless to say we need some clarification here - bengalla deal is alreday in forward motion in that coal being delivered to port as of today and we have commitments which we need to source for . please call .
thks
jez
- - - - - original message - - - - -
from : staley , stuart
sent : friday , 9 november 2001 5 : 54 am
to : suttle , john ; miyai , tark ; peters , jez ; bauer , adam ; nimmo , matthew ; bradford , william s .
cc : mcclellan , george
subject : re : coal deals
john :
i assume this does not apply to ectrl business , as we have not been given a reciprocal recommendation for european biz . can you confirm this ? also , can you clarify what the specific issue is with ecap that is not an issue with ectrl ? is this specific to cash flow within australian entities ?
thanks ,
stu
- - - - - original message - - - - -
from : suttle , john
sent : 08 november 2001 17 : 42
to : miyai , tark ; peters , jez ; staley , stuart ; bauer , adam ; nimmo , matthew ; bradford , william s .
subject : coal deals
in light of the current situation in houston , i recommend we wait to finalize any physical coal sourcing or deliveries in the ecap business . in short , rac cannot approve any purchase or sale until the liquidity issues are resolved . hopefully by the end of the week we will know more , have things settled , and business can continue as normal .
please call me if you have any questions .
john
281 - 345 - 8264
re : coal deals
the current bengalla purchase transaction for approximately $ 3 . 5 mm is approved by credit and from a cash flow standpoint . please continue to approve transactions through credit . however , for the most part we will treat the coal business , as business as usual .
thanks ,
bill
- - - - - original message - - - - -
from : mcclellan , george
sent : tuesday , november 13 , 2001 7 : 34 am
to : bradford , william s .
cc : shankman , jeffrey a .
subject : re : coal deals
bill - apologize for missing our meeting yesterday . please give me a call first thing to go over bengalla and drummond . thanks .
- - - - - original message - - - - -
from : bradford , william s .
sent : sunday , november 11 , 2001 10 : 38 am
to : mcclellan , george
cc : suttle , john
subject : re : coal deals
george ,
i would be happy to discuss with you . it remains critical that we manage all cash requirements as our access to capital markets has been impacted over the past few weeks . hopefully the announcement on friday will improve our ability to execute transactions like this in future , but prior to friday this was a necessary precaution . unfortunately , you are working at a different company than you were a few weeks ago .
we can discuss next week .
bill
- - - - - original message - - - - -
from : mcclellan , george
sent : friday , november 09 , 2001 7 : 51 pm
to : suttle , john ; peters , jez ; staley , stuart ; miyai , tark ; bauer , adam ;
nimmo , matthew ; bradford , william s .
subject : re : coal deals
john / bill - talk with me in houston on monday - we ain ' t operating like this .
george
- - - - - original message - - - - -
from : suttle , john
sent : fri 11 / 9 / 2001 12 : 36 pm
to : peters , jez ; staley , stuart ; miyai , tark ; bauer , adam ; nimmo , matthew ; bradford , william s .
cc : mcclellan , george
subject : re : coal deals
the bengalla deal was struck after i had given ecap notice of the liquidity problems , and more importantly , without any rac involvement .
from a rac perspective this deal is still unapproved . if an invoice discount facility can be used , or some other means of performing without using enron capital then you should move forward . if these options are not available , then the issue should either be raised to louise kitchen for approval or unwound until the liquidity problems are resolved .
john
- - - - - original message - - - - -
from : peters , jez
sent : thursday , november 08 , 2001 5 : 17 pm
to : staley , stuart ; suttle , john ; miyai , tark ; bauer , adam ; nimmo , matthew ; bradford , william s .
cc : mcclellan , george
subject : re : coal deals
needless to say we need some clarification here - bengalla deal is alreday in forward motion in that coal being delivered to port as of today and we have commitments which we need to source for . please call .
thks
jez
- - - - - original message - - - - -
from : staley , stuart
sent : friday , 9 november 2001 5 : 54 am
to : suttle , john ; miyai , tark ; peters , jez ; bauer , adam ; nimmo , matthew ; bradford , william s .
cc : mcclellan , george
subject : re : coal deals
john :
i assume this does not apply to ectrl business , as we have not been given a reciprocal recommendation for european biz . can you confirm this ? also , can you clarify what the specific issue is with ecap that is not an issue with ectrl ? is this specific to cash flow within australian entities ?
thanks ,
stu
- - - - - original message - - - - -
from : suttle , john
sent : 08 november 2001 17 : 42
to : miyai , tark ; peters , jez ; staley , stuart ; bauer , adam ; nimmo , matthew ; bradford , william s .
subject : coal deals
in light of the current situation in houston , i recommend we wait to finalize any physical coal sourcing or deliveries in the ecap business . in short , rac cannot approve any purchase or sale until the liquidity issues are resolved . hopefully by the end of the week we will know more , have things settled , and business can continue as normal .
please call me if you have any questions .
john
281 - 345 - 8264