Make sure we get something in writing.   What is the appropriation risk? 

 -----Original Message-----
From: 	Herndon, Rogers  
Sent:	Wednesday, August 08, 2001 2:03 PM
To:	Presto, Kevin M.
Subject:	FW: Columbus Schools - Appropriations Risk


Kevin-

I want something in writing from EES on this.  I will discuss later.

RH
 -----Original Message-----
From: 	Sharp, Greg  
Sent:	Wednesday, August 08, 2001 2:00 PM
To:	Dietrich, Janet; Chapman, Kay
Cc:	Gahn, Scott; Herndon, Rogers; Holmes, Sean; Stubblefield, Wade
Subject:	Columbus Schools - Appropriations Risk

Janet																				We are proceeding with the contract changes that were discussed with Jim Brown and we have told the customers that the document should be ready for their review early next week. Are you still okay with us proceeding as we had discussed at the offsite?
---------------------- Forwarded by Greg Sharp/HOU/EES on 08/08/2001 01:54 PM ---------------------------
From:	Rogers Herndon/ENRON@enronXgate on 08/08/2001 09:24 AM
To:	Greg Sharp/HOU/EES@EES, Wade Stubblefield/HOU/EES@EES
cc:	Sean A Holmes/HOU/EES@EES 
Subject:	Columbus Schools - Appropriations Risk

Guys -

I am not comfortable leaving the appropriations risk "grey", as it has been referred to.  The risk is there and it is real.  If the EES Executive Comittee is comfortable with this strategy/approach then I would expect to have something in writing between EES and EWS releasing EWS of any and all $$ reponsibility associated with this potential, yet unmentioned, risk.

FYI, last time we priced this risk we came up with a notional value of $5MM.

I am on board with providing aggressive pricing and trying to enter new markets.  However, we need to recognize all the risks.

Rogers