I have scheduled a meeting for October 7th from 8:30 to 2:30 in room 3321 to  recommence the project we began in January to review the existing  Houston-based financial, gas and power trading forms.
All of you should have  received a black binder labelled "Analysis of ECT's Finacial, Power, Gas  Forms"  which contains all of the long and short forms used for trading (as  such forms existed in January 1999), as well as my summary comparison as to  how each of the forms handles certain legal issues (eg, termination, cover,  assignement, confidentiality ....).
If you did not receive or cannot locate  this binder, let me know and I will forward to you another copy.
This  analysis was done in January.
I am aware that some of the forms may have  changed since then but have not undertaken to "update" the memo as we will be  able to discuss such changes at the meeting.
The purpose of the meeting is to review how each of the Houston-based  trading  forms has been structured and to note where there are differences.
The ultimate goal is to determine what Enron's "model" trading provisions  should be and to determine a consistent approach unless there is a justified  rational for treating the commodities in a different manner.
With this in  mind, I would hope to be able to create a "modular type" contract  whereby  each legal issue would have a recommended approach, evidenced by language  that will be approved by the group.
By way of example, Enron's gas contract  prohibits assignement without consent, which consent can be withheld for any  reason.
The financial form provides that a party can not unreasonably  withhold its consent.
At this meeting we would discuss what the preferred  approach is and then begin the process of drafting appropriate language,  which language would be approved at a seperate meeting.
This  "modular  assignment section" could then be dropped into all trading forms unless  differences were required due to the commodity/product involved.
You will note that the analysis performed to date does not include all areas  of a trading contract.
Similiar steps will still need to be undertaken with  other provisions such as credit terms.
At the meeting, I hope to further  discuss the additional areas everybody believes should be reviewed.
Aron Roffwarg, a lawyer  from Bracewell, will also be at the meeting to  assist us in this effort.
Thanks

Contract Review Meeting on Oct. 7th