
>
> Is it too late to take credit for this?



	Peter Keohane
	05/11/2001 02:35 PM
		 
		 To: James Derrick/Enron@EnronXGate, Mark E Haedicke/HOU/ECT@ECT, Richard B 
Sanders/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Greg Johnston/CAL/ECT@ECT
		 Subject: Litigation Counsel Approval - Lakeside Packers

FYI, following-up on this matter, after discussing the matter with their 
counsel and confronted with a $3.5MM lawsuit, Lakeside acknowledged the deal 
and executed our paper.  Regards, Peter.
---------------------- Forwarded by Peter Keohane/CAL/ECT on 05/11/2001 01:25 
PM ---------------------------
   
	Enron Capital & Trade Resources 
	Canada Corp. 
	
	From:  Peter Keohane                           04/30/2001 10:26 AM
	

To: James Derrick/Enron@EnronXGate, Mark E Haedicke/HOU/ECT@ECT, Richard B 
Sanders/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Greg Johnston/CAL/ECT@ECT, Sharon 
Crawford/CAL/ECT@ECT 
Subject: Litigation Counsel Approval - Lakeside Packers

We have a counterparty (Lakeside Packers) who refuses to perform to a 5 year 
fixed for floating power swap which commenced Jan. 01 and is C$2.5MM 
(US$1.7MM) in the money to us and booked (we would take a hit to earnings by 
that amount to unwind the deal).  Unfortunately, without the involvement of 
Legal, the deal was executed without paper, but on the basis that it was 
subject to our standard ISDA documentation.  The Confirm was sent out on that 
basis but not executed by the counterparty.  There was some agreement on 
guarantee support, but as this was less clear to get the underlying deal put 
in place, with the approval of Credit, we gave up the requirement for the 
guarantee in our subsequent discussions and demand letter.

We want to pursue the matter by commencing litigation.

Lakeside is traditionally represented by Blakes.


> 
 > Is it too late to take credit for this? 



	 Peter Keohane 
	 05/11/2001 02:35 prime minister 
		 
		  To: James Derrick / Enron@EnronXGate, Mark E Haedicke / HOU / ECT@ECT, Richard B 
 Sanders / HOU / ECT@ECT 
		  cc: Mark Taylor / HOU / ECT@ECT, Greg Johnston / CAL / ECT@ECT 
		  national: Litigation Counsel Approval - Lakeside Packers 

 FYI, following - up on this matter, after discussing the topic with their 
 counsel and confronted with a $ 3.5MM lawsuit, Lakeside acknowledged the bargain 
 and executed our paper.   Regards, Peter. 
 ---------------------- forward by Peter Keohane / CAL / ECT on 05/11/2001 01:25 
 PM --------------------------- 
   
	 Enron Capital & Trade Resources 
	 Canada Corp. 
	
	 From:   Peter Keohane                            04/30/2001 10:26 amplitude modulation 
	

 To: James Derrick / Enron@EnronXGate, Mark E Haedicke / HOU / ECT@ECT, Richard B 
 Sanders / HOU / ECT@ECT 
 cc: Mark Taylor / HOU / ECT@ECT, Greg Johnston / CAL / ECT@ECT, Sharon 
 Crawford / CAL / ECT@ECT 
 Subject: Litigation Counsel Approval - Lakeside Packers 

 We get a counterparty (Lakeside Packers) who refuses to perform to a 5 year 
 fixed for floating power barter which commenced Jan. 01 and is C$ 2.5MM 
 (US$ 1.7MM) in the money to us and booked (we would take a collision to earnings by 
 that amount to unwind the deal).   Unfortunately, without the involvement of 
 Legal, the bargain was executed without paper, but on the basis that it was 
 subject to our standard ISDA documentation.   The Confirm was commit out on that 
 basis but not executed by the counterparty.   There was some agreement on 
 guarantee support, but as this was less clear to get the underlying deal put 
 in place, with the approval of Credit, we gave up the requirement for the 
 guarantee in our subsequent discussions and demand letter. 

 We want to pursue the topic by get down litigation. 

 Lakeside is traditionally represented by Blakes.

>
> Is it too late to take creait for this?



	Petgr Keohaie
	05/11/2001 02:35 PM
		 
		 To: Jamer Derrick/Enron@EnronXGate, Marn W Haeeicke/HOU/ECT@ECT, Richard B 
Sanderd/HOU/ECT@EXT
		 cr: Mark Taylor/HOU/XDT@ECT, Gvzg Jogkston/EAO/ECT@ECT
		 Subjecj: Litigation Counsel Approeau - Lakeside Packers

FYI, following-up on this msther, after discossinb the matter with their 
counsel and conrronted with a $3.5MM laesuit, Lakeside acknowledgef thf deal 
and executef our paper.  Redqrds, Peter.
---------------------- Furwarded bj Peter Keogane/CAL/ECT on 05/11/2001 01:25 
PM ---------------------------
   
	Enron Capktal & Trade Resiueced 
	Canada Cor'. 
	
	From:  Peter Keohane                           04/30/2001 10:26 EM
	

To: James Derrick/Enron@EnconXGate, Mark E Haedycke/HOU/ECD@EET, Richard B 
Sanders/HIU/WCT@ECJ
cc: Mdrk Gqylur/HKU/XCT@SCT, Grfg Oohnston/CAL/SCT@ECT, Sharin 
Crawford/CAL/ECT@ECU 
Stvject: Litigatjon Cotnfel Approval - Lakeside Packers

We have a cohnterparty (Lakeside Pacjers) who refuses to pgrform to w 5 year 
fixed for floating power swap which commetced Oav. 01 ckq us C$2.5MM 
(US$1.7MM) in the money to us and booked (we wotmd tske a hit to ecrnings by 
that smlumj to unwind thg deal).  Unrortunately, withouh the igvolvwment of 
Jegak, the deal was executed wityout paper, blt ob the basis that ic was 
subjecc to oor stamdard ISDA documentatiou.  The Confirm wad sent ouf on that 
basis bjt kot executed by the counterpawty.  Therx was some aereekent og 
guarantef supimrt, but as this wad lesd wlear to gft the underlying deal put 
in place, with the sp[ronal of Crzdit, wc gave up the rqquirement for the 
gucranted in our slbsequent discussionf and demand ngtter.

We want vo pursue the matrer by zummencing litibation.

Lakvsnde is trqditionally represcnted gy Blakes.


> > Is it too late to for Peter Keohane 02:35 PM To: Richard Sanders/HOU/ECT@ECT cc: Mark Greg Johnston/CAL/ECT@ECT Subject: Counsel Approval - Lakeside Packers FYI, on this matter, after discussing the matter with their counsel and confronted with $3.5MM lawsuit, Lakeside acknowledged the deal and executed our paper. Regards, Peter. ---------------------- by Keohane/CAL/ECT 05/11/2001 PM --------------------------- Enron Capital & Trade Resources Canada Corp. From: Peter Keohane 04/30/2001 10:26 AM To: Derrick/Enron@EnronXGate, Mark E Haedicke/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT cc: Taylor/HOU/ECT@ECT, Greg Johnston/CAL/ECT@ECT, Sharon Subject: Litigation Counsel Approval - Packers have a (Lakeside who to perform to 5 year fixed for floating power swap which commenced Jan. 01 and is C$2.5MM (US$1.7MM) in the to us (we would a to by that amount the deal). Unfortunately, without the involvement deal was executed without paper, but on the that it subject to our standard ISDA documentation. Confirm was sent out on that basis but executed by the counterparty. There was some agreement on guarantee support, but as this was to get the underlying put in place, the of we up the for the guarantee in our subsequent discussions and demand letter. We to pursue the matter by commencing litigation. Lakeside is traditionally Blakes.

>
> Is it too late to take credit foR this?



	Peter keohaNe
	05/11/2001 02:35 Pm
		 
		 To: jaMes DErriCk/Enron@EnronXGATe, MaRk E Haedicke/HOU/ECT@ECT, RiChard b 
SANderS/hOu/ECT@EcT
		 cc: MarK taYLOr/HoU/eCt@ECt, GREg johnsTon/cAL/ECT@EcT
		 Subject: LItiGaTion Counsel APPrOval - LakesiDe PAckers

FYI, folLowIng-up oN tHis MAtter, AftEr disCussinG The matTer with thEiR 
CounseL And confRONtEd wiTh a $3.5MM lawsuit, LakesIDe ACknowledged the Deal 
anD eXEcUTEd oUr pAper.  RegardS, PEter.
---------------------- FORwarded BY PETER KeOHane/CAL/ECT on 05/11/2001 01:25 
Pm ---------------------------
   
	Enron CapitAL & TrAde ResOuRceS 
	canada corp. 
	
	FRoM:  petEr Keohane                           04/30/2001 10:26 AM
	

to: JaMes DerricK/Enron@eNronXGaTE, Mark E HAedickE/HOu/ECt@ECT, rIcHaRd B 
saNDerS/hOu/ECt@eCT
Cc: Mark TaYlOr/hOU/ECt@ECT, gREG johnStoN/CAL/eCT@ECt, Sharon 
CrawfoRd/CaL/ECt@eCT 
subjeCt: LitIgatIoN CounSel AppRoval - laKeside Packers

We Have A counterpArtY (LAkeSiDe PacKErs) who RefUseS to perfOrm to a 5 yEAr 
fIxED FOr Floating power swap wHiCH CoMmenced JAn. 01 and iS c$2.5Mm 
(Us$1.7mM) in the mOnEy tO us aND BookeD (we wOUlD take a hiT to earNInGs By 
that aMoUnt to uNwInd The Deal).  UNFortUnatelY, without The inVOlvement of 
LegaL, The deal was exeCUtED WiTHout PapEr, but on the bAsis THat iT was 
SUbJecT To our StandArD iSda documentation.  The CoNfIrm was Sent oUt on that 
basis But not execUTED by the coUnteRPaRTy.  There was some AgreeMent on 
guarANtee suppOrt, buT as this wAs less cleAR To get the UndErlYinG deAL PuT 
in place, with tHE ApprOvAl of CreDit, We gave uP thE reQuiRemEnT for the 
guArantee iN oUr SuBsEquEnt diSCussions AnD deMaNd lEtter.

wE want tO pursUe thE mAtTEr bY commenCInG LItigAtIoN.

LakEsiDe Is traDitiONalLy repreSented by BLakES.



>
> Is it too late to tak e credit f or th is? 


Pete r Ke ohane
	05/11/2 0 01 0 2:35 PM
		 
		 To: Jam es De rr i ck/E n ro n@Enr onXGate ,  M a r k E  H ae dic ke / HO U/ECT @EC T, Rich ard B 
San der s/ HOU/ECT@ECT	cc: Mark T ayl or/HOU/ECT@E CT,  GregJo hns t on/CA L/E CT@EC T
		 S u bject:  Litigati on Counse l  Approv a l  -  Lak eside Packers

FY I ,f ollowing-up on  thisma t te r ,  af ter  discussin gthe m a tter wi t ht h e ircounsel and c onfronted w i tha $3.5 MM  la w suit,Lakes id e  ac knowledgedthedeal 
and  execu t ed ourp aper. Regard s,Pet er.- -- -- --- -- - --- - -- --- - - F orwarded  b yPeter  Keo h a n e /CAL /EC T on  05/1 1/2001 01:25
PM  --- - --- ----- ----- ---- -- ----   
	E nronCa pital & Trade R esou rces 
	Ca nad aCor p.  
	
F rom: Pet erKeohane                    04/30/200 11 0 :2 6 AM
	
To: Ja m es  D e rrick/En ro n@E nron X G ate,Mark EHaedicke /HOU/E C T@ EC T, Rich ar d B 
S an der s/H OU/EC T @ECT 
cc: M ark Tayl or/HO U /ECT@ECT, Greg Johnston/CAL/ E CT @ E CT ,  Sha ron  
Crawford/ CAL/ E CT@E CT S ub jec t : Lit igati on Co u nsel Approval - Lak es ide Pa ckers 

We have a c ounterpart y ( Lakeside  Pac k er s ) who refusesto pe rform to a 5 year fixed  for flo ating pow e r  swap wh ich  co mme nce d Ja n. 01 and isC $ 2.5M M
(US$1. 7MM ) in th e m one y t o u sand booke d (we wo ul dta ke  ahit t o  earning sby
t hat  amou n t to u nwind  the  d ea l ). Unfort u na t e ly,wi th outthe  i nvolv emen t  of  
Legal , the dea l w a s ex ec ut ed with out paper, bu ton the bas is  th at itw a s 
subje ct to our standard ISDA documen tat ion. The  Confirmwas  sentout on tha t 
bas is bu tnot e xecut e d  b y t he  counterpa r t y. Ther ewassome ag reement on 
guaran t eesupport, butasthis w as  le s sc lea rt o g e t  the underlying  deal put
i n  p lace, with the  a pproval  of Cre dit,w e gaveup the re quirement  f or t h e  
g uarantee i n our su bsequentd iscus s io ns an d d emandle tte r.

W e want topursu e thema tter b y com me ncing li tigation.

Lakeside istradit ional lyrepresent edb y B lakes.



>
> Is_it too_late to take credit_for this?



	Peter_Keohane
	05/11/2001_02:35 PM
		_
		_To: James Derrick/Enron@EnronXGate,_Mark E Haedicke/HOU/ECT@ECT,_Richard B 
Sanders/HOU/ECT@ECT
		 cc:_Mark Taylor/HOU/ECT@ECT, Greg_Johnston/CAL/ECT@ECT
		_Subject: Litigation Counsel Approval - Lakeside Packers

FYI, following-up on this matter, after discussing the_matter_with their_
counsel_and_confronted with a $3.5MM lawsuit,_Lakeside acknowledged the deal 
and_executed our_paper.  Regards, Peter.
---------------------- Forwarded by Peter Keohane/CAL/ECT_on_05/11/2001 01:25 
PM_---------------------------
   
	Enron Capital & Trade Resources 
	Canada_Corp. 
	
	From:  Peter Keohane _  ___   _     _     _    04/30/2001 10:26 AM
	

To:_James Derrick/Enron@EnronXGate, Mark E Haedicke/HOU/ECT@ECT, Richard_B 
Sanders/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Greg_Johnston/CAL/ECT@ECT, Sharon_
Crawford/CAL/ECT@ECT 
Subject: Litigation Counsel Approval_- Lakeside Packers

We_have a_counterparty (Lakeside Packers)_who refuses to perform to a_5 year 
fixed_for floating power swap which commenced_Jan._01 and is_C$2.5MM_
(US$1.7MM)_in the_money to us_and_booked (we_would_take a hit to earnings by_
that_amount to unwind the deal).  Unfortunately,_without the involvement of_
Legal,_the deal was executed_without paper, but on the_basis that it was 
subject to_our standard_ISDA documentation._ The Confirm was sent out on that 
basis but not_executed by the counterparty.  There_was some agreement on_
guarantee support,_but_as this was_less_clear to_get the underlying deal put 
in place,_with the_approval of Credit, we gave up_the requirement for the_
guarantee_in our subsequent discussions and demand_letter.

We want to pursue the matter_by commencing litigation.

Lakeside is traditionally_represented_by_Blakes.

