keyspan 3 rd party leverage mgu complete utility outsourcing ena requires gas supply assets bequeathed ena gas sale mgu risks mgu include performance risk commission scrutiny assets remaining ena 60 90 days case ena insolvency betting entire reliability utility performance one counterparty big bet company managed completely trust peoples different keyspan different worse case ena goes away money bank b grew diversified earnings pace unachievable c get addicted new business little loose alternative partnering closest competitor choice guys grow loose ena know role unforeseeable future broker even mgu attempting find way mitigate concerns providing third party back stop keyspan play bring pec deal linking midwest ne originators must optimist like letting deal believe die mgu challenge due commission scrutiny may able overcome believe ever link counterparties together provide backbone new vehicle peoples painful still challenges ahead willing provide financial backing money taste 10 mm 2000 18 mm 2001 new business want cease first want move ahead new role second really want keyspan pec together ny ny event 2 weeks away chuck ed mike committed group want russell deirdre mccaffrey 1 analyst 1 associate see get anything going investment around 2 mm determine get asset play working please reconsider ny trip include keyspan provide go ahead form group attachment show time focus persistence always way around problems thanx laura original message penman gregg sent thursday november 15 2001 11 10 luce laura tomaski richard dickson stacy e johnson rudwell subject fw enovate wps winter deal looks like may worked arrangement wpsc deal essentially pec provide full guarantee ena give pec reimbursement agreement 50 ena receive 50 25 bankruptcy deal proceeds exchange may need cover small hundred thousand dollars shortfall 25 th november would likely accomplished cash settling portion transactions instead delaying payment enovate cash working details whether feasible questions please let know let know hit road bumps going try close tomorrow stacy thank excellent suggestion documentation hopefully pass rest pec organization gregg original message hermann pecorp com enron sent thursday november 15 2001 10 28 huprikar pecorp com cc j pokorny pecorp com zagorski pecorp com klyasheff pecorp com j nassos pecorp com p kauffman pecorp com j gabel pecorp com r rodriguez pecorp com subject enovate wps winter deal aware enovate finalizing negotiations w wisconsin public service winter peaking exchange ie non regulated version storage 16 5 day peaking deal effective winter generates fixed revenues appx 250 000 plus additional commodity charges minor wps accept pg enron enron issue lc half wps accept pg peoples entire amount entire amount 5 mm enron provide reimbursement agreement back pec enron agreed 75 25 sharing deal go 50 50 bankruptcy addition enron subject final management approval going cover small cash shortfall enovate anticipates november due net operating loss october b completion 18 million cash distribution last week gregg inadvertently sent back much ideal arrangement feel appropriate given nature deal current credit circumstances point viewing template future deals nature please let gregg penman roy rodriguez know work thanks tim information transmitted intended person entity addressed may contain confidential privileged material review retransmission dissemination use taking action reliance upon information persons entities intended recipient prohibited received error please contact sender delete material computer