Since the time frame is short, I wanted to give you an outline to mark  up/correct.
Here's how I understand the deal:  People's has the Manlove gas storage facility.
We have presented to People's  a nonphysical method to monetize it, similar to what was done with Bammel.
Since this is a regulated asset, regulatory approval will be required, and  the consumers will receive part of the benefit of the monetization.
The  essence of our deal is that Enron will receive 50% of the net earnings, up to  $25mm, as our fee.
In consideration for this fee, Enron takes the financial,  legal, accounting and engineering lead.
Peoples and Enron will work together  on the regulatory strategy formulation and implementation.
We want to present a draft MOU to Peoples this week.
The basic goals are:  Define scope of the agreement Define our lead role in the 4 stated areas Create exclusivity for Enron  Define financial arrangements (cost/profit) Get an acknowledgement that what was presented to them was proprietary, and  covered by our confidentiality agreement.
Define term (5 years)   Each party bears their own internal costs, and third party costs are split  50/50, with prior approval.
In that regard an immediate concern is getting  the engineering work kicked off.
We want the agreement broad enough to cover physical withdrawals.
We do not  want it specific to this field, since we want the benefit of the use of our  methodology.
Please correct/supplement, etc.
Thanks,

Manlove Monetization
Since the time frame is short, I wanted to give you an outline to mark up/correct.
Here's how I understand the deal: People's has the Manlove gas storage facility.
We have presented to People's a nonphysical method to monetize it, similar to what was done with Bammel.
Since this is a regulated asset, regulatory approval will be required, and the consumers will receive part of the benefit of the monetization.
The essence of our deal is that <COMPANY> will receive <NUMBER>% of the net earnings, up to <CUR>00mm, as our fee.
In consideration for this fee, <COMPANY> takes the financial, legal, accounting and engineering lead.
Peoples and <COMPANY> will work together on the regulatory strategy formulation and implementation.
We want to present a draft MOU to Peoples this week.
The basic goals are: Define scope of the agreement Define our lead role in the <NUMBER> stated areas Create exclusivity for <COMPANY> Define financial arrangements (cost/profit) Get an acknowledgement that what was presented to them was proprietary, and covered by our confidentiality agreement.
Define term (<NUMBER> years) Each party bears their own internal costs, and third party costs are split <NUMBER>/<NUMBER>, with prior approval.
In that regard an immediate concern is getting the engineering work kicked off.
We want the agreement broad enough to cover physical withdrawals.
We do not want it specific to this field, since we want the benefit of the use of our methodology.
Please correct/supplement, etc.
Thanks,
gas storage facility define term number areas create exclusivity monetization essence deal people nonphysical method regard immediate concern similar bammel party bears internal engineering lead