Louise,

- UBS do not want us to show "UBSWenergy.com" - they require "www.ubswenergy.com" (no caps) or "ubswenergy.com" (no "www").
- This means that for the homepage to look right, we will change the name to "UBS Warburg Energy" beside the globe graphic.
- Currently anticipate starting Top 50 marketing for PA's by tomorrow morning (UBS required changes on Splash page).
- Some traders in the market have started to refer to us as UB SOL. Although the low-profile approach we discussed made sense, on further reflection, I think we need to aggressively promote a positive short name for the system, to avoid the "SOL" connotation. Even "UBS Energy" is a lot of syllables. We are working on finding some alternative (perhaps which don't use "UBS" in the name, as that seems to be a sensitive point). If we are to do this, we will need to lobby at a level higher than where I have been so far. If you agree with my concern, some higher level contact might be in order; perhaps with some of the people you have been meeting?
- Will work with legal today on Master Agreements and GTC's, to try to get template approval AND to draft Masters for the Top 50, with specific credit terms.

Dave
Enron Emails
Enron Emails