Subject: updates
here is an update on ongoing activities to get liquid .
metals inventory : $ 70 mm was sold early . i have a call into anne on status update .
hanover : shares were sold via bear stearns on 10 / 31 . net proceeds to enron of $ 106 mm has been received .
so 2 inventory : $ 151 mm of inventory was financed with $ 60 mm collateral posted . matures in 10 months .
copel shares : sold for $ 19 mm on 11 / 2 .
el paso swaps : el paso had rejected notion of master netting as not legally sound or tested . ward and duran in talks to settle nymex swaps with tenaska .
pledge of contracts : no legally sound structure to provide bankruptcy remoteness .
nui receivable : banks not willing to discuss financing the payment . i have a call into eric moon to identify if they are willing to prepay at a discount .
kevin cline : not interested in prepaying .
receivables securitization : having to restructure deal due to credit status . preference issues et al . no definitive answer from lenders coming out of bank meeting on timing or willingness .
catalytica : sold for $ 6 . 7 mm on 11 / 14 .
qwest note : deal verbally agreed to wednesday . $ 60 mm approx to enron after netting enron payables to qwest . awaiting written confirmation . might happen by end of week .
peoples gas inventory : i understand peoples will not touch the contract .
new surety capacity : sureties are out .
txu contract : london running this issue .
teac muni prepay : not going to happen .
linder : sold for $ 9 . 4 mm on 11 / 13 .
crown energy : sold for $ 263 , 000 on 11 / 2 .
venoco : attempting to sell for $ 30 mm . $ 11 . 25 mm for enron ' s share of jedi and $ 7 . 5 mm to whitewing .