Message-ID: <4268058.1075840904579.JavaMail.evans@thyme>
Date: Wed, 31 Oct 2001 07:52:53 -0800 (PST)
From: kevin.garland@enron.com
To: greg.whalley@enron.com, jeff.donahue@enron.com, joseph.deffner@enron.com, 
	john.lavorato@enron.com, louise.kitchen@enron.com, 
	jeffrey.mcmahon@enron.com, david.delainey@enron.com
Subject: Sale of COPEL Shares
Cc: steven.sheldon@enron.com
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X-From: Garland, Kevin </O=ENRON/OU=NA/CN=RECIPIENTS/CN=KGARLAN>
X-To: Whalley, Greg </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Gwhalle>, Donahue, Jeff </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jdonahu>, Deffner, Joseph </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jdeffne>, Lavorato, John </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jlavora>, Kitchen, Louise </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Lkitchen>, McMahon, Jeffrey </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jmcmaho>, Delainey, David </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Notesaddr/cn=28fc501b-22d3a001-62569fb-57caaa>
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FYI.

Enron Principal Investments has completed the sale of Enron's ownership in COPEL.  Total proceeds for the last 5 months from this sale is over $95 million in cash. Steven Sheldon managed this process.

In the last 5 months, EPI has sold or otherwise disposed of 20 investments, with total proceeds to Enron of over $250 million in cash.

We intend to sell another 5-10 by year end, generating an additional $50 million to $100 million in cash.

The team is very focused on selling of the portfolio, creating cash and minimizing losses.

Kevin Garland



