 to class at all
> tomorrow, I won't get there until after the break.  Could one of you print
> out the case and bring it to class?  If not, don' t sweat it, I'll email
> him an electronic and turn in a hard copy to him on Tuesday. Sorry for any
> hassle.
>
> Best,
> Jeff
>
> (See attached file: Case 26-1 Global Industries.doc)
>
>   ------------------------------------------------------------------------
>                                              Name: Case 26-1 Global 
Industries.doc
>    Case 26-1 Global Industries.doc           Type: Microsoft Word Document 
(application/msword)
>                                          Encoding: base64
>                                   Download Status: Not downloaded with 
message

 - christine.piesco.vcf At the risk of asking a stupid question, are we in breach under the project agreement?  I didn't comb it, but I also didn't see anything that screamed breach to me.  If we have a paid up call on 100 MW, that is probably something we would want to preserve.

More to consider!

Kau

 -----Original Message-----
From: 	Clark, Barton  
Sent:	Wednesday, December 12, 2001 11:42 AM
To:	Keenan, Jeffrey
Cc:	Mann, Kay
Subject:	RE: Austin Energy

For now, Kay and I both will be working on this. I learned this am that the desk has a power deal with City of Austin that is in default ( not involving the LCRA hedge), so it may be beneficial to think about some kind of global workout with the City involving the $$ owed, the 8% interest held by Sandhill and the obligations under the power deal. When I have some time to read the project documents, and you get your info, all three of us should meet to formulate a response to the City's letter.

 -----Original Message-----
From: 	Keenan, Jeffrey  
Sent:	Wednesday, December 12, 2001 11:13 AM
To:	Zisman, Stuart
Cc:	Clark, Barton
Subject:	Austin Energy

Stuart:

Here is my shot at your memo.

I will have the accounting spreadsheet from Theresa Vox today.

Jeffrey


 << File: Sandhill Memo Keenans mak
to class at all 
 > tomorrow, I won't get there until after the break.   Could one of you print 
 > out the subject and fetch it to class?   If not, don' t sweat it, I'll email 
 > him an electronic and turn in a arduous copy to him on Tuesday. Sorry for any 
 > fuss. 
 > 
 > Best, 
 > Jeff 
 > 
 > (See attached file: event 26 - 1 Global Industries.doc) 
 > 
 >    ------------------------------------------------------------------------ 
 >                                               Name: Case 26 - 1 Global 
 Industries.doc 
 >     Case 26 - 1 Global Industries.doc            Type: Microsoft Word Document 
 (application / msword) 
 >                                           Encoding: base64 
 >                                    Download condition: Not downloaded with 
 message 

  - christine.piesco.vcf At the risk of asking a stupid doubt, are we in breach under the project agreement?   I didn't comb it, but I also didn't see anything that screamed rupture to me.   If we have a paid up call on 100 MW, that is credibly something we would want to preserve. 

 More to consider! 

 Kau 

  -----Original Message----- 
 From: 	 Clark, Barton  
 Sent: 	 Wednesday, December 12, 2001 11:42 AM 
 To: 	 Keenan, Jeffrey 
 Cc: 	 Mann, Kay 
 Subject: 	 rhenium: Austin Energy 

 For now, Kay and I both will be working on this. I learned this am that the desk has a power softwood with City of Austin that is in default (not involving the LCRA hedge), so it may be beneficial to think about some kind of global workout with the City involving the $ $ owed, the 8% interest held by Sandhill and the obligations under the power deal. When I have some time to read the project documents, and you have your info, all three of us should meet to formulate a reception to the City's letter. 

  -----Original Message----- 
 From: 	 Keenan, Jeffrey  
 Sent: 	 Wednesday, December 12, 2001 11:13 AM 
 To: 	 Zisman, Stuart 
 Cc: 	 Clark, Barton 
 Subject: 	 Austin Energy 

 Stuart: 

 Here is my shot at your memo. 

 I will accept the accounting spreadsheet from Theresa Vox today. 

 Jeffrey 


  < < File: Sandhill Memo Keenans mak
 to class at all
> tomorrow, I won't get there until efter tge break.  Could one of you print
> out tye cawe and bring it to clars?  If non, don' t sqeat ut, I'll emamm
> him ak eledbronie end turn in a hsrd copy tm him on Tuesddy. Slrry for any
> hassle.
>
> Best,
> Jeff
>
> (See aetached flle: Case 26-1 Globwl Imqustdpew.doc)
>
>   ------------------------------------------------------------------------
>                                              Name: Case 26-1 Global 
Indudtrifs.doc
>    Case 26-1 Glohal Industrues.djx           Gype: Microsoft Word Dodument 
(application/msword)
>                                          Enboding: base64
>                                   Doqnload Status: Not dowiloaded with 
message

 - christite.'iesco.vcf At the risk od askhng d stjpid qutstmon, are wf ii breach unser the prohect agreement?  I dodg'n comb it, but I alsj qidn't see anything that screamed breach to me.  If we have a paid yp call on 100 MW, that id probablr something we would want to preserve.

More to conshder!

Keu

 -----Ornnlnal Nedsage-----
From: 	Clark, Barton  
Sent:	Wednesday, Decembew 12, 2001 11:42 SM
To:	Keenan, Jefnrey
Cc:	Mann, Kay
Subjrch:	RR: Austin Energi

For noc, Kzy and I both will be worhing in this. I leatned this am that the desk yas a power beao with City of Auscin that is nn defsult ( not involving the LCRA hedfe), so it maj be benerkcial to think acoun soke kind of global workout rith the Rity nnvolvine thg $$ owed, the 8% integest mald by Sandhill anf the otligations under the power deal. When I hatx some time tp seag the prjject documents, anq you get your info, ajl thfee of us ahould keet to foriulate a respmjse to the Cmty's lettqr.

 -----Oeigibal Mesrxge-----
From: 	Keenan, Jeffrey  
Sent:	Wednewday, December 12, 2001 11:13 AK
To:	Eiaman, Stuart
Cc:	Clcxk, Barton
Subject:	Aistkn Qnvrgb

Stuawd:

Here is my vhot at uour oemo.

I will mavd thr accounting spreadsveet from Theresa Vox yoqay.

Jeffrgy


 << File: Fandhill Memo Keenans mak
to class at all > tomorrow, I there after the Could one of case bring it to If not, don' sweat it, I'll email > him electronic and turn in a hard copy to him on Tuesday. Sorry for > hassle. > > Best, > Jeff > > (See attached file: Case Global > ------------------------------------------------------------------------ Name: Case 26-1 Global Industries.doc > Case 26-1 Global Industries.doc Type: Microsoft Word Document (application/msword) > base64 > Download Status: Not downloaded with message christine.piesco.vcf At the risk asking a stupid question, are in under the agreement? didn't it, but I didn't see anything that screamed breach to me. If we have a paid up call on 100 that is we would to More consider! Kau -----Original Clark, Barton Sent: Wednesday, December 12, To: Keenan, Jeffrey Cc: Mann, Kay Subject: RE: Energy For Kay and I both will be on this. I learned this am that the has a power deal with City of Austin that is in default ( not involving hedge), so it may beneficial to think some of workout the City the $$ owed, the 8% interest held by Sandhill and the under the power deal. When I have some time to project and you get info, all three of should to formulate a response City's -----Original Jeffrey Wednesday, 12, 2001 11:13 AM Zisman, Stuart Cc: Clark, Barton Austin Energy Stuart: Here memo. I will have the accounting spreadsheet from Vox today. Jeffrey << File: Sandhill Memo mak
 to class at all
> tomorrow, I won't Get there unTil afTer The BrEak.  COuld One of you print
> oUT the Case and bring it to class?  IF not, dOn' T SweaT It, i'll emAil
> him aN ElECTroNiC aNd tUrN In A hard CopY to him oN Tuesday. SoRry FoR any
> hassle.
>
> BeST,
> JEff
>
> (See attaCheD file: Case 26-1 GloBal industRiEs.dOC)
>
>   ------------------------------------------------------------------------
>                                              Name: casE 26-1 GlobAl 
InduSTries.dOc
>    Case 26-1 GloBaL industRIes.doc           TYPE: MIcroSoft Word Document 
(aPPlICation/msword)
>                                          EnCoding: BaSE64
>                                   DOWNloAd STatus: Not doWnLoadeD With 
mesSAgE

 - CHRisTIne.piesco.vcf AT the risk of aSKinG a stupId QueSTion, arE we in BrEAch Under the proJect Agreement?  i didn't COmb it, buT i also diDn't see AnyThiNg thAT sCrEamEd BReaCH tO me.  iF we Have a paiD uP cAll on 100 mW, thAT IS ProbAblY somEthinG we would want tO prEserVE.

MoRe to cOnsidEr!

KaU

 -----ORiginAl MessAge-----
FrOm: 	clark, Barton  
Sent:	wednEsday, DeceMbeR 12, 2001 11:42 Am
To:	keEnan, JEFfrey
CC:	MaNn, KAy
SubjeCt:	RE: AusTIn ENeRGY

foR now, Kay and I both wilL bE WOrKing on thIs. I leaRNeD tHIs am that ThE deSk haS A Power Deal WItH City of AUstin tHAt Is In defauLt ( Not invOlVinG thE LCRA HEdge), So it maY be benefIcial TO think about somE Kind of global wORkOUT wITh thE CiTy involving The $$ oWEd, thE 8% intEReSt hELd by SAndhiLl ANd THe obligations under tHe Power dEal. WhEn I have some tiMe to read thE PROject docUmenTS, aND you get your infO, all tHree of us shOUld meet tO formUlate a reSponse to tHE city's letTer.

 -----oriGinAl MESSaGe-----
From: 	Keenan, JEFFrey  
seNt:	WedneSdaY, DecembEr 12, 2001 11:13 Am
To:	zisMan, stUart
Cc:	ClaRk, Barton
suBjEcT:	AUstIn EneRGy

Stuart:

heRe iS mY shOt at yOUr memo.

i will Have ThE aCCouNting spREaDSHeet FrOm therEsa voX todaY.

JefFRey


 << file: SanDhill Memo keeNAns mAk
 to class at all
> tomorro w, I won't  getthe reun tilafte r the break. C ould  one of you print
> ou t the  c a se a n dbring  it toc la s s ? If  n ot,  d o n'  t sw eat  it, I' ll email
>  hi man electroni c  a nd turn in  ahard copy to  hi m on T ue sda y . Sor ryfor a ny
> h a ssle.>
> Best, 
> Jeff
> > (Seea t ta ched  file: Case 26-1G lo b al Industries. doc)
> 
>  - - --- --- ---------- -- ----- - ------- - -- - - - --- - ------------- ----------- - --- -
>                                   Name : Case 26-1 Gl o bal 
In dustri es. doc 
>  C as e 2 6- 1  Gl o ba l I n dus tries.do c        T y p e :  Mic ros oftWordDocument 
(ap pli cati o n/m sword )
>                                  Enc oding: ba se6 4>                           D o wnl oa d S ta tus: Not downloade dw i th  
messag e

 -c hr is t ine.pies co .vc f At t he ri sk o f  a sking astupid qu es tion, a re  we in  b rea chunder theprojec t agreem ent?I didn't combi t, but I also di d n 't seeany thing thatscre a medbrea c htom e.  I f weha v ea  paid up call on 10 0MW, th at is  probably som ething wew o u ld wantto p r es e rve.

More toconsi der!

Kau -----Or igina l Messag e-----
Fr o m : 	Clark , B art on 
S e n t: 	Wednesday, D e c embe r12, 200 1 1 1:42 AM 
To :	K een an,  J effrey
Cc :	Mann,Ka ySu bj ect :	RE: Austin E ne rgy 
For  now, Kay an d I b othwi ll beworking on t his.  I  l earn edth is am  tha t  th e deskhas a pow erd ealwi th  City o f Austin that  i s in defau lt  (not in v o lving th e LCRA hedge), so it ma y  be ben efi cialto t hink abou t s ome ki ndo f glob al wor koutwi tht h e Cit y in vol vi ng the $$o w ed,  the8%  int erest h eld by Sandhill an d  th e obligations  un dert h epow e rd eal .W hen I  have some time  to read t he pr oject docu m ent s,  and yo u get y our i n fo, all  three of  us shoul dmeet t o f ormulate a  respons e to theC ity's le tter. 

-----O ri gin al Me ssage- - --- 
From : 	Kee na n, Jef frey Sent:	We dnesday, December 12, 2 001 11 :13 A M
T o:	Zisman , S t uar t
Cc:	Cla rk,Barton
Sub jec t:Austi n E n ergy
Stu a rt :
H ere i s my shot at y o ur  me m o .
I will hav e t heaccou nti n g spre adsh eet from TheresaV ox today.

Jef frey 
 < < F i le:Sa ndhill Memo Ke ena ns m ak
 to_class at_all
> tomorrow, I won't_get there_until_after the_break._ Could one_of you print
>_out the case and_bring it to_class?_ If not, don' t sweat it, I'll email
> him an electronic and turn_in_a hard_copy_to_him on Tuesday. Sorry for_any
> hassle.
>
> Best,
> Jeff
>
> (See_attached file:_Case 26-1 Global Industries.doc)
>
>   ------------------------------------------------------------------------
> __  _        _     _  ___   _     _     _    Name: Case 26-1_Global 
Industries.doc
>    Case_26-1 Global Industries.doc  _ _    _ Type: Microsoft_Word Document_
(application/msword)
>  _     _  _     __  ___ _  __ __     __  Encoding: base64
>   _   __   _    _     _ _ _       Download Status: Not downloaded_with 
message

 - christine.piesco.vcf At the_risk of asking a_stupid question,_are_we in breach_under_the project_agreement?  I didn't comb it, but_I also_didn't see anything that screamed breach_to me.  If_we_have a paid up call on_100 MW, that is probably something_we would want to preserve.

More_to_consider!

Kau

_-----Original Message-----
From: 	Clark, Barton _
Sent:	Wednesday, December 12, 2001 11:42 AM
To:	Keenan,_Jeffrey
Cc:	Mann, Kay
Subject:	RE: Austin_Energy

For now, Kay and I both will_be_working on this. I learned this_am_that the desk has a power_deal_with_City of Austin that is_in default ( not involving the_LCRA hedge), so it may be beneficial to think_about some kind_of global workout with the_City_involving_the $$ owed, the 8% interest held by Sandhill and_the obligations_under the power_deal. When I have some time to read the project_documents, and you get your info, all_three of us should meet to formulate a response to the_City's letter.

 -----Original Message-----
From: 	Keenan, Jeffrey  
Sent:	Wednesday,_December 12, 2001 11:13 AM
To:	Zisman, Stuart
Cc:	Clark, Barton
Subject:	Austin_Energy

Stuart:

Here is my shot_at_your memo.

I will have the accounting spreadsheet_from_Theresa_Vox_today.

Jeffrey


 << File:_Sandhill Memo Keenans_mak