Rick

Tks for the interest. Here it goes.

As I said, this is an interesting and important case study to follow. I 
personally do not believe that the association of distributors is going to 
strongly stand against this decline in Initial Contracts. Afterall, there are 
a monopsony for this "cheap" energy, totally creating a non level playing 
field after 2003.  Please keep in mind that 2003 is one of our hopes to have 
a decent business in Brazil. 



LM




Richard Shapiro
07/10/2001 01:21 PM
To: Luiz Maurer/SA/Enron@Enron
cc:  

Subject: Re: Good news - Re: Carta ELETROBOLT  

Why don't you get it translated - I'd like to see it.



Luiz Maurer
07/10/2001 10:47 AM
To: Richard Shapiro/NA/Enron@Enron
cc:  

Subject: Good news - Re: Carta ELETROBOLT

Rick

Some good news. Kish is getting more involved. Orlando more confident to 
express our (Enron's views).
Those letters are just the tip of the iceberg, though.

Another  good subject for us to follow up closely is the Bill of Law 2905. It 
proposes several changes to the electric sector. Inter alia, there is a 
proposal to keep bulk energy prices regulated after 2003, when the initial 
contracts start expiring. This is detrimental to Enron as it t will delay the 
implementation of a real wholesale market. Keeping most of the energy 
regulated will certainly have spillover effects on the unregulated business. 
We have already discussed this subject internally. We all agree that this 
proposal is bad for Enron. However, it may be good for Abradee, as the 
distribution companies will be the only buyers of the cheap, regulated energy 
after 2003. Needless to say, they will likely support it.

Some of our collegues are anxious and screaming that Enron should put a stick 
on the ground. Right before I left, I prepared a simple "white paper" to us 
to use internally and externally. It shows that maintaining energy regulated 
is bad for competition and for expansion. Enron has been silent on this 
issue.  If necessary, I can get this translated, It is really important. My 
concern is that Enron will try to look for consensus and we will not be as 
assertive as we should.



You may want to probe this issue with our top managers in South America,  at 
some points in the future.

LM
---------------------- Forwarded by Luiz Maurer/SA/Enron on 07/10/2001 12:46 
PM ---------------------------


Orlando Gonzalez
07/10/2001 11:05 AM
To: Fred Sampaio/SA/Enron@Enron
cc: Joe Kishkill/SA/Enron@Enron, Moacyr Carmo/SA/Enron@Enron, Luiz 
Baccaro/SA/Enron@Enron, Joao Carlos Albuquerque/SA/Enron@Enron, Sergio 
Assad/SA/Enron@Enron, Luiz Maurer/SA/Enron@Enron, Jose Lucio 
Reis/SA/Enron@Enron, Debora Klinger/SA/Enron@Enron, Gisele S 
Braz/SA/Enron@Enron, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
rcastro@elektro.com.br, msiqueira@elektro.com.br, jmazzon@elektro.com.br, 
Luis Henriques/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, Cecilia 
Mercio/SA/Enron@Enron, Breno Nogueira/SA/Enron@Enron, Brett R 
Wiggs/SA/Enron@Enron, Sami Arap/SA/Enron@Enron 

Subject: Re: Carta ELETROBOLT  

We are sending both letters today  Thanks



Fred Sampaio
10/07/2001 10:00
To: Joe Kishkill/SA/Enron@Enron
cc: Moacyr Carmo/SA/Enron@Enron, Luiz Baccaro/SA/Enron@Enron, Joao Carlos 
Albuquerque/SA/Enron@Enron, Sergio Assad/SA/Enron@Enron, Luiz 
Maurer/SA/Enron@Enron, Jose Lucio Reis/SA/Enron@Enron, Debora 
Klinger/SA/Enron@Enron, Gisele S Braz/SA/Enron@Enron, Jose 
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, rcastro@elektro.com.br, 
msiqueira@elektro.com.br, jmazzon@elektro.com.br, Luis 
Henriques/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, Cecilia 
Mercio/SA/Enron@Enron, Breno Nogueira/SA/Enron@Enron, Brett R 
Wiggs/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Sami 
Arap/SA/Enron@Enron 

Subject: Re: Carta ELETROBOLT  

Joe

We already have another letter about "A" consumers. I believe that we'd 
better have each subject in a different letter. 
The letter about "A" consumers is attached. I have not recieved feedbacks on 
it.

Fred





Joe Kishkill
09/07/2001 22:05
To: Moacyr Carmo/SA/Enron@Enron
cc: Luiz Baccaro/SA/Enron@Enron, Fred Sampaio/SA/Enron@Enron, Joao Carlos 
Albuquerque/SA/Enron@Enron, Sergio Assad/SA/Enron@Enron, Luiz 
Maurer/SA/Enron@Enron, Jose Lucio Reis/SA/Enron@Enron, Debora 
Klinger/SA/Enron@Enron, Gisele S Braz/SA/Enron@Enron, Jose 
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, rcastro@elektro.com.br, 
msiqueira@elektro.com.br, jmazzon@elektro.com.br, Luis 
Henriques/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, Cecilia 
Mercio/SA/Enron@Enron, Breno Nogueira/SA/Enron@Enron, Brett R 
Wiggs/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Sami 
Arap/SA/Enron@Enron 

Subject: Re: Carta ELETROBOLT  

My "two cents":

I would add Remi's concepts to the bottom of Fred's letter.  We shold say 
something like we believe in the "A" market and applaud the governments 
efforts to date, but we remain frustrated by what we view as unnecessary 
restrictions on purchase and sale of certificates.  We shold then list the 
changes we would make.

Then we should go on to state that we are puzzled as to the difference 
between energy represented by certificates and energy produced by 
Eletrobolt.  After all, an electron is an electron.  Why not collapse the 
markets together?  Certifcates can settle at the MAE and merchant plants can 
sell industrials the power they need above their meta on bilateral basis.

Starting with Eletrobolt, adding "A" market, and poining out how similar they 
truly are produces what I think is a great flow and a great argument.

Thanks,

Kish



Moacyr Carmo
07/06/2001 03:00 PM
To: Luiz Baccaro/SA/Enron@Enron
cc: Fred Sampaio/SA/Enron@Enron, Joao Carlos Albuquerque/SA/Enron@Enron, 
Sergio Assad/SA/Enron@Enron, Luiz Maurer/SA/Enron@Enron, Jose Lucio 
Reis/SA/Enron@Enron, Debora Klinger/SA/Enron@Enron, Gisele S 
Braz/SA/Enron@Enron, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
rcastro@elektro.com.br, msiqueira@elektro.com.br, jmazzon@elektro.com.br, 
Luis Henriques/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, Cecilia 
Mercio/SA/Enron@Enron, Breno Nogueira/SA/Enron@Enron, Brett R 
Wiggs/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Joe 
Kishkill/SA/Enron@Enron, Sami Arap/SA/Enron@Enron 

Subject: Re: Carta ELETROBOLT  

A? vai a minha contribui??o j? utilizando a do Baccaro como base.

Moacyr





Luiz Baccaro
06/07/2001 11:48 AM
To: Fred Sampaio/SA/Enron@Enron
cc: Joao Carlos Albuquerque/SA/Enron@Enron, Sergio Assad/SA/Enron@Enron, Luiz 
Maurer/SA/Enron@Enron, Jose Lucio Reis/SA/Enron@Enron, Debora 
Klinger/SA/Enron@Enron, Gisele S Braz/SA/Enron@Enron, Jose 
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, rcastro@elektro.com.br, 
msiqueira@elektro.com.br, jmazzon@elektro.com.br, Luis 
Henriques/SA/Enron@Enron, Moacyr Carmo/SA/Enron@Enron, Remi 
Collonges/SA/Enron@Enron, Cecilia Mercio/SA/Enron@Enron, Breno 
Nogueira/SA/Enron@Enron, Brett R Wiggs/SA/Enron@Enron, Orlando 
Gonzalez/SA/Enron@Enron, Joe Kishkill/SA/Enron@Enron, Sami 
Arap/SA/Enron@Enron 

Subject: Re: Carta ELETROBOLT  


Fred,

Segue minha contribui??o.

Baccaro




Fred Sampaio
06-07-2001 11:20 AM
To: Joao Carlos Albuquerque/SA/Enron@Enron, Sergio Assad/SA/Enron@Enron, Luiz 
Maurer/SA/Enron@Enron, Jose Lucio Reis/SA/Enron@Enron, Debora 
Klinger/SA/Enron@Enron, Luiz Baccaro/SA/Enron@Enron, Gisele S 
Braz/SA/Enron@Enron, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
rcastro@elektro.com.br, msiqueira@elektro.com.br, jmazzon@elektro.com.br, 
Luis Henriques/SA/Enron@Enron, Moacyr Carmo/SA/Enron@Enron, Remi 
Collonges/SA/Enron@Enron, Cecilia Mercio/SA/Enron@Enron, Breno 
Nogueira/SA/Enron@Enron, Brett R Wiggs/SA/Enron@Enron, Orlando 
Gonzalez/SA/Enron@Enron, Joe Kishkill/SA/Enron@Enron, Sami Arap/SA/Enron@Enron
cc:  

Subject: Carta ELETROBOLT

Dr Jo?o

Segue a primeira minuta de carta, conforme solicitado.
Aguardo sugest?es e coment?rios.

Fred