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Notice No. 00-340
October 9, 2000
TO:
All NYMEX Members/Member Firms
All NYMEX Clearing Members
All NYMEX Floor Traders
All NYMEX Operations Managers
FROM: George Henderson, Vice President
RE: Options Expiration Operational Procedures for the Trading Floor and
Clearing Members
________________________________________________________________
The expiration date for the November 2000 options contract for Platinum
(POX0) is Friday, October 13, 2000.
GENERAL OPERATIONAL PROCEDURES
All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized
representative present at their normal work station promptly at 5:30 p.m.
until released by the Exchange staff as specified below. All adjustments
and/or corrections, must be accompanied by relevant supporting documentation
prior to being incorporated into expiration processing, in essence making the
expiration processing an extension of the afternoon trade resolution
procedures. All input to the NYMEX Clearing Department will conclude no
later than 30 minutes after floor representatives are released.
Exchange Clearing (299-2110), Floor Trade Correction (299-2068 and 299-2169)
personnel, as well as a representative of the Floor Committee will be
available to assist with the processing of notices of Exercise and
Abandonment, position transfers, trade corrections and other questions or
problems you may have.
CLEARING DEPARTMENT OPERATIONAL PROCEDURES
The Option Expiration process is a screen based process for which all
information is provided on the screens on C21 terminals. No Option Expiration
Reports will be provided. The following screens will assist you through the
Option Expiration process:
MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the
previous 4 business days and trades adjusted for the previous 4 business days
by adjustment date.
SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day
position to the projected end of day position.
REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers "TO" your firm and the status of
each transfer.
REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer "FROM" your firm and the status of
each transfer.
EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to exercise.
DO NOT EXERCISE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to abandon.
POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.
Any PCS input on a Clearing 21 terminal will be the input processed by the
system. This input may be made at any time prior to 7:10 p.m. Any PCS input
via transmission for that contract series will be disregarded.
ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.
EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by
contract series or the Assignment List window which contains all your
Assignments on one window. You will be notified of its availability by C21
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS
input.
All Clearing Members are required to have an authorized representative(s) at
their C21 workstations in preparation for any communication during the
expiration process.
FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871,
access code 700 for event messages advising Members of the event status.
E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be
aware of event status.
The standard event Fast Facts and/or E-Mail messages and the sequence in
which they will be announced are:
Standard Event Message: Announce Out-of-the Money Exercise and In-the-Money
Do Not Exercise Submissions
Approximate Time of Message Availability: 5:45 PM
Usual Event Time: 5:45 PM
Announced via Fast Facts
Standard Event Message: Announce Final Input to C21 Cutoff Time
Approximate Time of Message Availability: 6:55 PM
Usual Event Time: 7:10 PM
Announced via e-mail
Standard Event Message: All positions are deemed final
Approximate Time of Message Availability: 7:10 PM
Usual Event Time: 7:10 PM
Announced via Fast Facts
Standard Event Message: Announce Exercise/Assignment Information Available on
the Single Position Maintenance Windows
Approximate Time of Message Availability: 8:25 PM
Usual Event Time: 8:30 PM
Announced via Fast Facts and e-mail
Standard Event Message: All Report Distribution is completed
Approximate Time of Message Availability: 11:00 PM
Usual Event Time: 11:00 PM
Announced via Fast Facts
The times appearing in the Usual Event Time column are based on normal
operational conditions and could vary.
NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS
Time: 5:30 PM
Activity: Exercise Notice Submission
Event: Input to C21 Cutoff Time
Reference Number: 1
Time: 5:30 PM
Activity: Do Not Exercise Submission
Event: Input to C21 Cutoff Time
Reference Number: 2
Time: 5:45 PM
Activity: Announce Out-of-the-Money Exercise and In-the-Money Do Not Exercise
Submissions
Event: Fast Facts Notice
Reference Number: 3
Time: 6:55 PM
Activity: Announce Final Input to C21 Cutoff Time
Event: C21 E-mail
Reference Number: 4
Time: 7:10 PM
Activity: Final Input to C21 Cutoff Time
Reference Number: 5
Time: 7:10 PM
Activity: All Positions are Deemed Final
Event: Fast Facts Notice
Reference Number: 6
Time: 8:25 PM
Activity: Announce Exercise/Assignment Information Available on the Single
Position Maintenance Windows
Event: Fast Facts Notice and C21 E-mail
Reference Number: 7
If you have any questions concerning these procedures, please contact Charles
V. Bebel at 299-2130, Angel Rivera at 299-2150 or Anthony Di Benedetto at
299-2152 prior to the expiration date.
__________________________________________________
Please click on the link below to indicate you have received this
email.
"http://208.206.41.61/email/[email protected]&refdo
c=(00-340)"
Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return. |
Guys, I assume you are keeping an eye on "California East". Any help you can
give Kevin would be much appreciated.
Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/17/2000
06:36 PM ---------------------------
Enron North America Corp.
From: Kevin M Presto 12/15/2000 07:39 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: NYPSC Interim Pricing Report on ISO
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 12/15/2000
07:40 AM ---------------------------
Enron North America Corp.
From: Kevin M Presto 12/15/2000 07:32 AM
To: James D Steffes/NA/Enron@Enron
cc: John J Lavorato/Corp/Enron@Enron, Dave Delainey, Mark Dana
Davis/HOU/ECT@ECT, Tom May/Corp/Enron@Enron
Subject: NYPSC Interim Pricing Report on ISO
This NY cap proposal must be prevented. The proposal is essentially
cost-based regulation. Obviously, if the proposal below was adopted by NY,
Enron's ability to make money is greatly diminished. In addition, it has
significant effects on the rest of the market in terms of regulatory
uncertainty in the forward markets.
In the past, FERC has ruled to make caps consistent in all 3 NE regions (NY,
NE, and PJM), which leads to quasi caps in the rest of the Eastern
Interconnect.
Jim,
We need an action plan ASAP. Please coordinate with Dana, Tom May, and
myself.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 12/15/2000
07:22 AM ---------------------------
Tom May@ENRON
12/14/2000 06:13 PM
To: Mark Dana Davis/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT
cc: Narsimha Misra/NA/Enron@Enron, Robert Stalford/NA/Enron@Enron, Gautam
Gupta/HOU/ECT@ECT, Larry F Campbell/NA/Enron@Enron
Subject: NYPSC Interim Pricing Report on ISO
FYI. In the interest of all the developing markets, I think that we need to
make a full court press to ensure that this does not get enough support to
pass at the committee level in New York. I will arrange a meeting with
regulatory to plan our response.
Tom.
---------------------- Forwarded by Tom May/Corp/Enron on 12/14/2000 06:09 PM
---------------------------
From: Howard Fromer on 12/14/2000 04:30 PM
To: Tom Dutta/HOU/ECT@ECT, John D Suarez/HOU/ECT@ECT, Doug
Sewell/HOU/ECT@ECT, Richard Ring/HOU/EES@EES, Suneet Sharma/HOU/EES@EES, Gary
Keevill/ECP/Enron@Enron, John Llodra/Corp/Enron@ENRON, Tom
May/Corp/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON, Dan Staines/HOU/ECT@ECT, W David Duran/HOU/ECT@ECT,
Richard Lydecker/Corp/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron
cc:
Subject: NYPSC Interim Pricing Report on ISO
Earlier today, the New York Public Service Commission released a 122 page
draft report prepared by its staff evaluating the NYISO. The report concludes
that the ISO must pursue a wide range of operational reforms and other
consumer safeguards to "ensure a more efficient and stable electric market
that will better protect consumers from dramatic price increases." The report
culminates a months-long investigation begun by the PSC last summer in
response to problems and price run-ups in the wholesale market.
The major recommendations in the Report, some of which have already surfaced
in recent ISO Committee meetings, would be devastating to a competitive
wholesale market and would largely reregulate prices in New York. They
include the following (taken directly from the PSC's Press Release):
Reforming rules and procedures to improve the efficiency of the market and
minimize opportunities for market manipulation, or "gaming," by owners of
electricity generating facilities;
Initiating a $150 per megawatt hour price cap on generators to maintain
reasonable market clearing prices;
Creating a "circuit-breaker" mechanism that will prevent market power abuses
at levels below $150/MWH;
Lowering price thresholds significantly to allow the NYISO to step in more
quickly to investigate and mitigate price spikes;
Granting the NYISO retroactive refund authority to return to consumers gains
that generators improperly derive from market power abuse; and,
Creating a strong deterrent against price abuses by penalizing generators who
repeatedly use improper tactics to raise prices above competitive levels.
The NYPSC, of course, has no legal authority to impose any of these
recommendations. However, they are likely to muster support from the
Transmission Owners, governmental entities and loads, that usually control
enough votes to just pass a motion at an ISO Committee. This will set up a
confrontation with the ISO Board, which is walking a delicate tightrope
between maintaining its independence and supporting a competitive wholesale
market on the one hand, and dealing with the politics of a hostile
Administration in New York. Last summer, as you may recall, the Board
rejected the $1000 bid cap pushed through by the PSC, voting instead for a
$1300 cap. That action was set aside by FERC, which reimposed the $1,000
level and then made it applicable in New England as well so that there would
be consistency among the three Northeast ISOs (PJM already had the $1,000
cap.)
Thus, whether NY follows the lead of California is likely to be determined by
FERC, and it will have to carefully consider the consistency concerns it
raised last summer in ultimately deciding whether it's OK for New York to set
price caps below its neighboring ISOs.
Attached is a copy of the PSC's Press Release and Report.
http://www.dps.state.ny.us/fileroom/doc8945.pdf |
Dear Class of 1996,
**Note: Response to this email requested, thanks!
Well, our much anticipated 5-year Reunion is less than a month away! The
planning committe is working hard on the events, and we are trying to firm
up the list of attendees. We got a GREAT response to the last email, thanks
for taking the time to let us know your status. If you haven't responded
yet, please do so just so we can adequately reserve space.
Just to remind some of you, the event will take place on: *** November 2-4th
*** in Los Angeles, CA! The rough schedule of events is shown below. In a
subsequent email today or tomorrow we will provide some details about hotel
accommodations. You will also be receiving an information packet from the
Alumni Office in a mailing that should be out next week.
If you are planning to fly I've heard there are some great deals on
Southwest and United among others (<$100 from SF). Anderson Alums also get
a 10% on Southwest (see below)
If you would like to respond to this email regarding your status, please use
this form:
1) Status of your email account
A) Got this info - email address is correct
B) Got this info - but would prefer to use another address next time
C) I did not get this info (not sure how you would answer this, but...)
Note: You may have received this note twice - it was sent to all members of
the Class of 1996 currently registered in the Alumni Database, as well as to
the Class of 1996 Email List (which is opt-in).
2) Plans for attending the Reunion Weekend
A) Will definitely be Attending
B) Will make a brief appearance (1 or 2 events)
C) Still Deciding
D) Will not be Attending (but wish I could)
3) Comments/Suggestions - Any thoughts on how to make this a GREAT reunion?
As mentioned previously, its been a rough year for many of us and it would
be great to end the year with some fun and good times! I can tell you from
what we've been hearing, and from the number of responses received, that we
are going to have an awesome turnout for the events, so you don't want to
miss out!!! So get your tickets, review your facebook (so who was that
Doug Dahl character anyways), dust off the old Anderson attire and let's
party!!
Sincerely,
Steve Smith
On behalf of Pete, Lynne, Melissa and many, many Reunion Organizers
Southwest Airlines Partners with Anderson Alums!
-------------------------------------------------
- Save 10% off lowest priced fares all Anderson Alumni returning to campus
for Alumni Weekend.
- Flights must be booked into LAX, Burbank, Ontario or John Wayne airports.
- Call 800/433-5368 and reference Anderson's Group ID #R9216
- For flight schedules, visit http://www.southwest.com
OVERVIEW of CLASS OF 1996 EVENTS
--------------------------------------
FRIDAY, NOVEMBER 2
** 5:30 p.m. Reunion Beer Bust: Wine and Beer Tasting
- Location: Anderson Courtyard
- All reunion classes will be there
- A fun first chance to catch up! Just like old times!
- Contact: Pete Rose; [email protected]
or Steve Smith; [email protected] for details
SATURDAY, NOVEMBER 3
AFTERNOON
** 12:30 p.m. Class of 1996 Barbecue / Picnic
- Location: Will Rogers State Park
- BBQ / Party / Volleyball
- The Grass, the Food/Drinks, the Sun & Fun
- Contact: Danielle (Romano) Schreiber; [email protected]
Note: This event was moved from the Beach to reduce the driving distances,
and provide better logistics, as well as tables, BBQ pits, even playgrounds
for some of you w/ kids
EVENING
** 7:00 p.m. Class of 1996 Reunion Dinner
- Location: The Gate (tentative)
- Dinner and Dancing in Hollywood (remember O-Week?)!
- This events is Adults only (sorry, no kids)
- Contact: Gina (Wilson) Calderon; [email protected]
or Kim Moore; [email protected] for details
SUNDAY, NOVEMBER 4
MORNING
** 10:00 a.m. Class of 1996 Golf Tourney
- Location: Camarillo Springs Golf Course
- Currently 20 "big hitters" signed up, room for a few more
- Event with competition and prizes
- Contact: Mike Solomon; [email protected] for details
AFTERNOON
** 12:00 p.m. Class of 1996 Getty Museum Tour
- Location: The Getty Museum
- If you haven't marveled at the wonder, its time
- Contact: Rumor has it Jean Miao will give us a tour!!
FULL REUNION WEEKEND SCHEDULE
-----------------------------
FRIDAY, NOVEMBER 2
MORNING
7:30 a.m. Continental Breakfast
8:15 a.m. Plenary Session: "Leadership"
10:00 a.m. Break
10:30 a.m. Session I
12:00 noon Luncheon and Keynote Address:
"Leadership in Action: Charting a new Course"
AFTERNOON
1:30 p.m. Session II
3:00 p.m. Break
3:30 p.m. The Exchange
4:30 p.m. Guided Tours of The Anderson School
EVENING
** 5:30 p.m. Reunion Beer Bust: Wine and Beer Tasting
- Location: Anderson Courtyard
- All reunion classes will be there
- A fun first chance to catch up! Just like old times!
- Contact: Pete Rose; [email protected]
or Steve Smith; [email protected] for details
SATURDAY, NOVEMBER 3
MORNING
8:30 a.m. Networking Breakfast
9:15 a.m. Welcoming Remarks
9:30 a.m. Plenary Session I - "Best Practices and Board Governance"
11:00 a.m. Plenary Session II - "The National Business Forecast"
AFTERNOON
** 12:30 p.m. Class of 1996 Barbecue / Picnic
- Location: Will Rogers State Park
- BBQ / Party / Volleyball
- The Grass, the Food/Drinks, the Sun & Fun
- Contact: Danielle (Romano) Schreiber; [email protected]
2:30 p.m. Program concludes
5:00 p.m. Dean's Thank You Reception to Reunion Committee Leaders
EVENING
** 7:00 p.m. Class of 1996 Reunion Dinner
- Location: The Gate (tentative)
- Dinner and Dancing in Hollywood (remember O-Week?)!
- This events is Adults only (sorry, no kids)
- Contact: Gina (Wilson) Calderon; [email protected]
or Kim Moore; [email protected] for details
SUNDAY, NOVEMBER 4
MORNING
** 10:00 a.m. Class of 1996 Golf Tourney
- Location: Camarillo Springs Golf Course
- Currently 20 "big hitters" signed up, room for a few more
- Event with competition and prizes
- Contact: Mike Solomon; [email protected] for details
AFTERNOON
** 12:00 p.m. Class of 1996 Getty Museum Tour
- Location: The Getty Museum
- If you haven't marveled at the wonder, its time
- Contact: Rumor has it Jean Miao will give us a tour!!
Various Reunion Activities / Free Time !!
------------------>
Steve Smith
mailto:[email protected] |
I believe this generated $75 worth of discretion with Midwest Gas. Unless I am not seeing something here, I don't feel as though investing dollars to install EFM or Bullhorn would be a good idea.
Tom
-----Original Message-----
From: Anderson, Gary E.
Sent: Thursday, October 25, 2001 8:17 AM
To: Zadow, Raetta; Lachapelle, Donna; Stewart, Angeline; Farmington-Pipeline, Team; Rice, Tom
Cc: Blair, Lynn; Dietz, Rick; Floyd, Jodie
Subject: RE: Daily Volumes For Midwest Natural Gas
The charts from these locations are not received in time to process for the 5th work day close, so these daily volumes are determined systematically based on the beginning and ending index readings. Even if they were, it is impossible to determine daily volume consumption from a 31day chart. Even decreasing the chart rotation is not a solution unless charts are received by the third work day to allow sufficient time for processing. The answer is to install EFM or possibly a Bullhorn unit to determine the actual daily index readings so that the daily quantities are accurately determined.. On these types of installations, how can we assess penalties on anything other than monthly quantities ? NNG has several locations where the existing equipment does not meet today's business needs, so we probably need to determine where these deficiencies exists, and identify the costs to resolve the problem.
Thanks-
Gary
-----Original Message-----
From: Zadow, Raetta
Sent: Tuesday, October 09, 2001 9:04 AM
To: Anderson, Gary E.; Lachapelle, Donna; Stewart, Angeline; Farmington-Pipeline, Team; Rice, Tom
Cc: Blair, Lynn; Dietz, Rick; Floyd, Jodie; Zadow, Raetta
Subject: FW: Daily Volumes For Midwest Natural Gas
Gary, was wondering if you could help us out. Scott has told me that they have 31 day charts for the stations listed below and he was wondering why we couldn't read those so as to get daily volumes rather than taking the total for the month and dividing it by the number of days in the month to get the daily volume. The reason for this is because, especially in the winter time, this can become very crucial when we calculate the penalty invoices which are done daily and are based on the differences between the daily physical volumes and the volumes that the shippers have scheduled on our pipe. If these charts cannot be read daily, what can we do to make it so that they can. Could you please check to find out what we need to do in order to have accurate daily volumes for these stations.
Thanks,
Raetta
-----Original Message-----
From: Farmington-Pipeline, Team
Sent: Monday, October 08, 2001 9:55 AM
To: Zadow, Raetta
Subject: Re: Daily Volumes For Midwest Natural Gas
Raetta, here are the stations numbers. Thanks for your help. Scott 612-270-8501
Arcadia 747-051-01,02
Eleva 747-161
Independance 747-221
Mondovi 747-341-01,02
Strum 747-411
Whitehall #1 747-921
Whitehall #3 747-923
<< OLE Object: Picture (Device Independent Bitmap) >>
Team Farmington-Pipeline
06/22/2001 07:58 AM
To: Raetta Zadow/ET&S/Enron@ENRON
cc: Tom Rice/ET&S/Enron@ENRON, Bob Stevens/ET&S/Enron, Angeline Stewart/GPGFIN/Enron, Diana Porter/ET&S/Enron@ENRON, Jodie Floyd/ET&S/Enron@ENRON, Raetta Zadow/ET&S/Enron@ENRON
Subject: Re: Daily Volumes For Midwest Natural Gas << OLE Object: StdOleLink >>
Thanks for looking into this for me Raetta. I talked to Jim Banker this week and asked for him to check and see if they were charged for any penalty gas or not. He said that he would let me know if they had. He also stressed that we still need to see the actual daily volumes instead of average daily volumes on the volume statements. I'm not quit sure if this part of the problem has been addressed yet or not. Please let me know. Thanks Scott
<< OLE Object: Picture (Device Independent Bitmap) >>
Raetta Zadow
06/15/2001 04:43 PM
To: Team Farmington-Pipeline/ET&S/Enron@ENRON
cc: Tom Rice/ET&S/Enron@ENRON, Bob Stevens/ET&S/Enron, Angeline Stewart/GPGFIN/Enron, Diana Porter/ET&S/Enron@ENRON, Jodie Floyd/ET&S/Enron@ENRON, Raetta Zadow/ET&S/Enron@ENRON
Subject: Re: Daily Volumes For Midwest Natural Gas << OLE Object: StdOleLink >>
I have looked at the DDVC invoices for Midwest for March, 2001 which total $304.70. The SMS charges amount to $76.30 but the biggest part of the invoice is the negative DDVC charge which is for $228.40 - this occurred on March 26. I was wondering if the Midwest Natural Gas people could let us know what they think the volumes should be on those specific wells that they are concerned about for the 26th and then if necessary, we could make those corrections. Please let me know if there is anything else that I can do to help.
Thanks,
Raetta
<< OLE Object: Picture (Device Independent Bitmap) >>
Team Farmington-Pipeline
06/14/2001 03:04 PM
To: Tom Rice/ET&S/Enron@ENRON, Bob Stevens/ET&S/Enron, Raetta Zadow/ET&S/Enron@ENRON, Angeline Stewart/GPGFIN/Enron, Diana Porter/ET&S/Enron@ENRON
cc:
Subject: Daily Volumes For Midwest Natural Gas
I recently met with Jim Banker with Midwest Natural Gas from Whitehall, Wi. He informed me that he had some concerns about whether or not he was being charged for penalty gas for daily volumes. He showed me some gas volume statements that he recieved from GMS. I believe it was the month of March Statement. What the statement showed is average daily volumes instead of the actual volumes per day. (Ex. At Eleva TBS Days 1 and 2 showed 122 MCF and Days 3-31 showed 118 MCF.) These are charted stations with 31 day charts. The stations that he is concerned about are Arcadia, Eleva, Independance, Mondovi, Strum, Whitehall #1,and Whitehall #3. Any assistance or knowledge that you can provide me would be greatly appreciated. Thanks Scott 612-270-8501 |
Michael,
Here is the Northern Border Pipeline draft stipulation that ENA is planning to present to the BTRC. It incorporates the flexibility and features that Enron Canada needs to complete settlements that are in the works with a couple of former netback producers, Birchill and Tenaska. It also has backup disposition plans for ENA's Northern Border capacity in the event that the Enron Canada deals fall apart. With respect to future claims, NBPL's posting of the capacity on their website is just another way to find creditworthy shippers that can step into ENA's shoes for the remaining terms of the firm max rate transport agreements.
Ruth
-----Original Message-----
From: Mark Ellenberg [mailto:[email protected]]
Sent: Wednesday, May 15, 2002 11:32 AM
To: Lenard M. Parkins
Cc: Neufeld, Eva; Concannon, Ruth; Edward Smith
Subject: Re: Fwd: Northern Border Stipulation
This is to confirm that in light of the favorable decision from FERC on the
Tanaska complaint, we are going to use the draft i sent last evening, with
a few modifications that you are about to make. Please Fed Ex the signed
stipulation and a disk to Ed Smith, Cadwalader, Wickersham & Taft, 100
Maiden Lane, New York, NY 10038. Ed's direct dial number is 212.504.5790.
Mark Sherill and Ed will call the court to adjourn the hearing for two
weeks, at which time the stipulation will be considered. The stipulation
will be filed tomorrow and served. Thanks for your cooperation.
Mark C. Ellenberg
Cadwalader, Wickersham & Taft
1201 F Street, NW
Washington, DC 20004
202.862.2234
"Lenard M. Parkins"
<Lenard.Parkins@haynes To: [email protected]
boone.com> cc: [email protected]
Subject: Fwd: Northern Border Stipulation
Office:
05/15/02 11:33 AM
Here is a clean and black-lined draft of the Stipulation we talked about a
little while ago. If this is ok, call me and I will sign this Stipulation
and have it delivered to you by courier, if need be. Otherwise, I can sign
it, fax it to you and mail the original to you.
Let me know asap so that we can put this behind us.
You will take care of noticing out the matter of approving the
stipulationa and resolving the outstanding issues on Agreement T1060F for
two weeks from tomorrow.
Thanks
Lenny
Lenard M. Parkins
Haynes and Boone, LLP
1000 Louisiana Street, Suite 4300
Houston, Texas 77002-5012
Direct Phone-(713)-547-2008
Direct Fax-(713)- 236-5405
Main Phone-(713)-547-2000
Cell Phone-(713)-542-7225
[email protected]
----- Message from "Mark Sherrill" <[email protected]> on Wed,
15 May 2002 10:29:25 -0500 -----
To: "Lenard M. Parkins"
<[email protected]>
Subject: Northern Border Stipulation
Attached are a clean copy and a blacklined copy of the Haynes and Boone
version of the Stipulation.
(See attached file: 338900_2.DOC)(See attached file: Redline.Stip.rtf)
==============================================================================
NOTE: The information in this email is confidential and may be legally privileged. If you are not the intended recipient, you must not read, use or disseminate the information. Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.
==============================================================================
==============================================================================
NOTE: The information in this email is confidential and may be legally privileged. If you are not the intended recipient, you must not read, use or disseminate the information. Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.
============================================================================== |
Dave
It looks like we hit a home run.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/11/2000
10:18 AM ---------------------------
From: Kevin M Presto @ ECT 07/11/2000 09:54 AM
To: John J Lavorato/Corp/Enron@Enron
cc:
Subject: Bruce
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 07/11/2000
09:47 AM ---------------------------
George Hopley
07/11/2000 09:47 AM
To: Kevin M Presto/HOU/ECT@ECT, Tom May/Corp/Enron@Enron
cc:
Subject: Bruce
Ontario Power Generation and Bruce Power announce leasing agreement at Bruce
Nuclear
KINCARDINE, ON, July 11 /CNW-PRN/ - Ontario Power Generation (OPG) today
announced it has entered into a major agreement with Bruce Power Partnership
relating to the facilities at the Bruce nuclear site. Bruce Power is 95% owned
by British Energy plc. The transaction provides an opportunity for the two
main unions, the Power Workers' Union and The Society of Energy Professionals
on the Bruce site, to subscribe to 5% of the equity.
This public/private partnership involves a long-term lease agreement for
the Bruce A (3076 MW-currently in lay-up), and Bruce B (3140 MW) facilities.
The lease runs until 2018, with an option to extend for up to another 25
years. OPG will receive an initial payment of $625 M to be made in three
installments. A first payment of $400 M will be made on closing subject to
normal closing adjustments. The remaining $225 M will be paid in two
installments of $112.5 M each.
Bruce Power's annual payments include base and variable elements. The
variable elements include a share of the net revenue, and supplementary
payments for the management of used fuel. In total these payments are
estimated to be about $150 M in calendar year 2002.
Bruce Power will offer employment to all employees at the Bruce site,
other than those being retained by OPG. Employees remaining with OPG include
those that provide waste management and centralized nuclear operations support
services. The agreement is expected to close, subject to Bruce Power obtaining
the necessary licences, in the summer of 2001.
"Today's announcement is good news for employees, the community, the
electricity consumer and the shareholder" stated Ron Osborne, OPG President
and CEO. "This agreement injects private equity into the Bruce facilities
which in turn will provide new opportunities for employees and the community.
It is also a major step towards opening the Ontario electricity marketplace to
competition and providing electricity consumers with choice." Osborne noted
that an additional benefit of the agreement allows OPG to concentrate on
accelerating the performance improvements underway at its Darlington and
Pickering nuclear facilities while the new company focuses on the Bruce.
Nuclear safety continues to be of paramount importance for Ontario Power
Generation, and safety has been a key tenet for British Energy. Both companies
are committed to ensuring high safety performance standards.
"We are delighted to be announcing the creation of a new company. Bruce
Power will demonstrate that safety and commercial success go hand in hand,"
said Robin Jeffrey, Chairman and Chief Executive Officer of British Energy
Canada Ltd. "We have a high regard for CANDU technology and for the skill of
the staff at Bruce. We are confident that by working with the staff and the
unions, Bruce Power can achieve world class safety and commercial
performance."
To reduce its market dominance, OPG is required by conditions in its
operating licence granted by the Ontario Energy Board (OEB), to reduce its
share of generating capacity to no more than 35 per cent of that available to
the province 10 years after the market opens.
British Energy was selected following an extensive worldwide competitive
process over the last two years. They have significant operating experience
and a proven safety track record with a range of nuclear reactor types.
To close the transaction, Bruce Power will be required to secure licences
from the Canadian Nuclear Safety Commission (CNSC) and the Ontario Energy
Board. Bruce Power will be required to follow the stringent licensing and
operating requirements established by CNSC, formerly the Atomic Energy Control
Board.
Ontario Power Generation is a major North American electricity generating
company. OPG's principal business is the generation and sale of electricity to
consumers in Ontario and into the interconnected markets. OPG's goal is to be
a premier North American energy company, focused on low-cost power generation
and wholesale energy sales, while operating in a safe, open and
environmentally responsible manner.
British Energy PLC is the UK's largest electricity generator. British
Energy owns and operates 15 reactors in the UK and a further two in the United
States through its joint venture, AmerGen. British Energy's goal is to be a
worldwide electricity leader building on its "Safety First" culture and track
record of commercial success.
BACKGROUNDER INDEX
------------------
Safety:
1. OPG'S COMMITMENT TO NUCLEAR SAFETY
2. BRUCE NUCLEAR - SAFETY IS NUMBER ONE
3. INFORMATION ON CANDU REACTORS
4. EMERGENCY PLANNING IN ONTARIO
Financial:
5. OPG/BRUCE POWER LEASE AGREEMENT
6. NUCLEAR USED FUEL, WASTE MANAGEMENT AND
DECOMMISSIONING
7. CHRONOLOGY OF THE PUBLIC/PRIVATE PARTNERSHIP PROCESS
Employees:
8. WHAT HAPPENS TO EMPLOYEES
Transition:
9. REDUCING MARKET DOMINANCE
10. TRANSITION ARRANGEMENTS
11. NEXT STEPS
General.
12. ONTARIO POWER GENERATION
13. QUICK FACTS ON BRUCE NUCLEAR POWER DEVELOPMENT
SOURCE Ontario Power Generation Inc. |
Mark, note the feedback from the AA's, it is imperative that we get a handle
on this! Let me know when I can spring our plan on Jeff.
Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/26/2000
03:37 PM ---------------------------
Jere C Overdyke
07/26/2000 03:26 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: ENA Analysts and Associates
Attached is a memo regarding a meeting I had with our associates on July 17,
2000. Additionally, I met with Celeste Roberts on July 21 and held another
meeting with the Associates on same date.
The planned dinners with the associates as well as the proactive approach ENA
is taking with them is the correct course of action.
Jere
---------------------- Forwarded by Jere C Overdyke/HOU/ECT on 07/26/2000
03:06 PM ---------------------------
Jere C Overdyke
07/17/2000 02:53 PM
To: Ted C Bland/HOU/ECT@ECT
cc:
Subject: ENA Analysts and Associates
I met with 7 associates and 1 analyst over lunch to discuss the Analyst and
Associate Program. The major concern expressed by everyone in the meeting
was that the program has become a bureaucracy vs a meritocracy. According to
the Associates, the program has become inflexible on any issue and the only
feedback they receive is "go talk to Skilling if you don't like the
answers". Another major concern was compensation. After listening to the
comments, my conclusion is that there are some problems that need to be
addressed. Specific recommendations by this small group include (1) reduce
amount of time in program before promotion to manager from 18 months to 12
months, (2) increase Associates involvement in rotation decisions, (3)
explanations of why the program is structured in a certain way without
defensive comments of "go talk to Skilling", (4) generally, more of an open
market approach so that we are using a "carrot vs stick" method to motivate
behavior.
Let me know about the next meeting to discuss.
Jere
---------------------- Forwarded by Jere C Overdyke/HOU/ECT on 07/17/2000
02:23 PM ---------------------------
Enron North America Corp.
From: David W Delainey 07/14/2000 08:43 AM
Sent by: Kay Chapman
To: Sally Beck/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Wes Colwell/HOU/ECT@ECT,
Janet R Dietrich/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, W David
Duran/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT,
Mike Jakubik/HOU/ECT@ECT, Scott Josey/Corp/Enron@ENRON, John J
Lavorato/Corp/Enron@Enron, Rodney Malcolm/HOU/ECT@ECT, George
McClellan/HOU/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Jere C Overdyke/HOU/ECT@ECT, David Oxley/HOU/ECT@ECT, Kevin M
Presto/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, C John Thompson/Corp/Enron@ENRON, Max
Yzaguirre/NA/Enron@ENRON, James A Ajello/HOU/ECT@ECT, Edward
Ondarza/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT,
Mark Frevert/NA/Enron@Enron, Jean Mrha/NA/Enron@Enron, Julie A
Gomez/HOU/ECT@ECT
cc: Patti Thompson/HOU/ECT@ECT, Catherine DuMont/PDX/ECT@ECT, Marsha
Schiller/HOU/ECT@ECT, Mollie Gustafson/PDX/ECT@ECT, Shirley
Tijerina/Corp/Enron@ENRON, Christy Chapman/HOU/ECT@ECT, Tina
Rode/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT, Stella L Ely/HOU/ECT@ECT,
Nicole Mayer/HOU/ECT@ECT, Tonai Lehr/Corp/Enron@ENRON, Kimberly
Hillis/HOU/ECT@ect, Ana Alcantara/HOU/ECT@ECT, Yolanda Ford/HOU/ECT@ECT,
Carolyn George/Corp/Enron@ENRON, Donna Baker/HOU/ECT@ECT, Rhonna
Palmer/HOU/ECT@ECT, Felicia Doan/HOU/ECT@ECT, Barbara Lewis/HOU/ECT@ECT,
Pilar Cerezo/NA/Enron@ENRON, Terrellyn Parker/HOU/ECT@ECT, Dusty Warren
Paez/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron,
Cherylene R Westbrook/HOU/ECT@ECT, Kay Chapman/HOU/ECT@ECT, Lillian
Carroll/HOU/ECT@ECT, Venita Coleman/Corp/Enron@Enron, Melissa
Jones/NA/Enron@ENRON
Subject: ENA Analysts and Associates
As you know the ENA OTC is actively working with the Analyst and Associate
Program to develop greater talent flow into ENA. We are presently working on
a number of initiatives to improve how this is working and significantly
improve communication flow and responsiveness. However in this regard we also
need you to help make sure we have clear lines of communication within ENA
regarding A&A resource levels, performance, rotations and retention efforts.
In this regard we would like for each of you to take the lead for your
groups needs and ensure that any requests, questions or concerns about A&A's
in your area are passed through you to either Ted Bland (ENA Recuitment Team
Lead - x35275) or Jana Giovannani (ENA liaison from the AA Program - x39233)
or myself. It is important that we are discerning about what we do with our
A&A resources and plan carefully and accurately for our future needs, in this
regard we need for you personally (or a senior member of your team who you
may optionally delegate this task to) will take the time to review any A&A
resource requests from your team before passing them onto us.
In addition, given the importance of these resources, we will be inviting you
to a regular bi-monthly meeting to discuss ENA A&A matters. We will confirm
the first date in due course. In the meantime if you would like to volunteer
another senior member of your team to assume this reponsibility please supply
their name as soon as possible.
Please call with any questions. |
----- Forwarded by Brian Hendon/Enron Communications on 11/06/00 05:58 PM
-----
Tom Huntington
11/06/00 05:41 PM
To: Lex Carroll/Enron Communications@Enron Communications, Peter
Heintzelman/Enron Communications@Enron Communications,
[email protected], Brian Spector/Enron Communications@Enron
Communications, Ethan Schultz/Enron Communications@Enron Communications,
Stephen Thome/HOU/ECT@ECT, David Reinfeld/Enron Communications@Enron
Communications, John McPherson/Enron Communications@Enron Communications,
Brian Hendon/Enron Communications@Enron Communications, Robert Cooper/Enron
Communications@Enron Communications, Jay Hawthorn/Enron Communications@Enron
Communications, Richard Schneider/Enron Communications@Enron Communications,
Bryan Garrett/Enron Communications@Enron Communications, Grant
Zimmerman/Enron Communications@Enron Communications, [email protected]
cc:
Subject: Chili
>From: "Evan Betzer" <[email protected]>
>To: [email protected]
>Subject: Fwd: Texas
>Date: Mon, 06 Nov 2000 13:50:32 CST
>
>
>
>
>>From: "Keith" <[email protected]>
>>To: "Merry Mathes" <[email protected]>, "Sarah Clark" <[email protected]>,
>>"Evan" <[email protected]>, "Jeff" <[email protected]>,
>>"Yan" <[email protected]>, "Steve Miao" <[email protected]>, "CB"
>><[email protected]>, "Mickey Mericle" <[email protected]>
>>Subject: Texas
>>Date: Mon, 6 Nov 2000 16:09:07 +0800
>>
>>Too funny not to share....
>>
>>
>> >>INEXPERIENCED CHILI TASTER
>>
>> >>
>>
>> >>These are notes from an inexperienced chili taster named FRANK, who was
>>
>> >>visiting Texas from New Jersey and fell into it:
>>
>> >>
>>
>> >>"Recently I was lucky enough to be the 10,000th attendee at the State
>>
>> >>Fair in Texas, and was asked to fill in to be a judge
>>
>> >>at a chili cook-off. Apparently the original judge #3 called in sick at
>>
>> >>the last moment, and I happened to be standing
>>
>> >>there when the call came in. I was assured by the other two judges
>>
>> >>(Native Texans) that it would be a fun event and a true
>>
>> >>taste of Texas hospitality. They assured me that the chili wouldn't be
>>
>> >>all that spicy, and besides they told me I could
>>
>> >>have free beer during the tasting, so I accepted. Here are the
>>
>> >>scorecards from the event:
>>
>> >>
>>
>> >>Chili # 1: Mike's Maniac Mobster Monster Chili
>>
>> >>
>>
>> >>JUDGE ONE: A little too heavy on tomato. Amusing kick.
>>
>> >>JUDGE TWO: Nice, smooth tomato flavor. Very mild.
>>
>> >>FRANK: Holy shit, what the hell is this stuff? You could remove dried
>>
>> >>paint from your driveway with it. Took me two beers
>>
>> >>to put the flames out. Hope that's the worst one. These Texans are
>>
>> >>crazy.
>>
>> >>
>>
>> >>Chili # 2: Arthur's Afterburner Chili
>>
>> >>
>>
>> >>JUDGE ONE: Smoky, with a hint of pork. Slight Jalapeno tang.
>>
>> >>JUDGE TWO: Exciting BBQ flavor, needs more peppers to be taken
>>
>> >>seriously.
>>
>> >>FRANK: Keep this out of reach of children! I'm not sure what I am
>>
>> >>supposed to taste besides pain. I had to wave off two
>>
>> >>people who wanted to give me the Heimlich maneuver. They had to
>>
>> >>walkie-talkie in 3 extra beers when they saw the look on my face.
>>
>> >>
>>
>> >> Chili # 3: Fred's Famous Burn Down the Barn Chili
>>
>> >>
>>
>> >>JUDGE ONE: Excellent firehouse chili! Great kick. Needs more beans.
>>
>> >>JUDGE TWO: A beanless chili, a bit salty, good use of red peppers.
>>
>> >>FRANK: Call the EPA, I've located a uranium spill. My nose feels like I
>>
>> >>
>>
>> >>have been snorting Drano. Everyone knows the
>>
>> >>routine by now. Barmaid pounded me on the back; now my backbone is in
>>
>> >>the front part of my chest. 'm getting shit-faced.
>>
>> >>
>>
>> >> Chili # 4: Bubba's Black Magic
>>
>> >>
>>
>> >>JUDGE ONE: Black bean chili with almost no spice. Disappointing.
>>
>> >>JUDGE TWO: Hint of lime in the black beans. Good side dish for fish or
>>
>> >>other mild foods, not much of a chili.
>>
>> >>FRANK: I felt something scraping across my tongue, but was unable to
>>
>> >>taste it. Sally, the bar maid, was standing behind me
>>
>> >>with fresh refills; that 300 lb. bitch is starting to look HOT, just
>>
>> >>like this nuclear-waste I'm eating.
>>
>> >>
>>
>> >>Chili # 5: Linda's Legal Lip Remover
>>
>> >>
>>
>> >>JUDGE ONE: Meaty, strong chili. Cayenne peppers freshly ground, adding
>>
>> >>considerable kick. Very impressive.
>>
>> >>JUDGE TWO: Chili using shredded beef; could use more tomato. Must admit
>>
>> >>
>>
>> >>the cayenne peppers make a strong statement.
>>
>> >>FRANK: My ears are ringing, and I can no longer focus my eyes. I farted
>>
>> >>
>>
>> >>and four people behind me needed paramedics. The
>>
>> >>contestant seemed offended when I told her that her chili had given me
>>
>> >>brain damage. Sally saved my tongue from bleeding
>>
>> >>by pouring beer directly on it from a pitcher. It really pisses me off
>>
>> >>that the other judges asked me to stop screaming.
>>
>> >>Screw those rednecks!
>>
>> >>
>>
>> >> Chili # 6: Vera's Very Vegetarian Variety
>>
>> >>
>>
>> >>JUDGE ONE: Thin yet bold vegetarian variety chili. Good balance of
>>
>> >>spice and peppers.
>>
>> >>JUDGE TWO: The best yet. Aggressive use of peppers, onions, and garlic.
>>
>> >>Superb.
>>
>> >>FRANK: My intestines are now a straight pipe filled with gaseous,
>>
>> >>sulfuric flames. No one seems inclined to stand behind me
>>
>> >>except that slut Sally. I need to wipe my ass with a snow cone!
>>
>> >>
>>
>> >>Chili # 7: Susan's Screaming Sensation Chili
>>
>> >>
>>
>> >>JUDGE ONE: A mediocre chili with too much reliance on canned peppers.
>>
>> >>JUDGE TWO: Ho Hum, tastes as if the chef literally threw in a can of
>>
>> >>chili peppers at the last moment. I should note that I
>>
>> >>am worried about Judge Number 3. He appears to be in a bit of distress
>>
>> >>as he is cursing uncontrollably.
>>
>> >>FRANK: You could put a grenade in my mouth, pull the pin, and I
>>wouldn't
>>
>> >>
>>
>> >>feel a damn thing. I've lost the sight in one eye,
>>
>> >>and the world sounds like it is made of rushing water. My shirt is
>>
>> >>covered with chili which slid unnoticed out of my mouth.
>>
>> >>My pants are full of lava-like shit to match my damn shirt. At least
>>
>> >>during the autopsy they'll know what killed me. I've
>>
>> >>decided to stop breathing, it's too painful. Screw it, I'm not getting
>>
>> >>any oxygen anyway. If I need air, I'll just suck
>>
>> >>it in through the 4inch hole in my stomach.
>>
>> >>
>>
>> >> Chili # 8: Helen's Mount Saint Chili
>>
>> >>
>>
>> >>JUDGE ONE: A perfect ending, this is a nice blend chili, safe for all,
>>
>> >>not too bold but spicy enough to declare its existence.
>>
>> >>JUDGE TWO: This final entry is a good, balanced chili, neither mild nor
>>
>> >>hot. Sorry to see that most of it was lost when
>>
>> >>Judge Number 3 passed out, fell and pulled the chili pot on top of
>>
>> >>himself. Not sure if he's going to make it. Poor Yank.
>>
>> >>FRANK: --------------(editor's note: Judge #3 was unable To report)
>>
>> >>
>>
>
_________________________________________________________________________
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Notice No. 01-116
April 11, 2001
TO:
All NYMEX Division Members/Member Firms
All NYMEX Division Clearing Members
All NYMEX Division Floor Traders
All NYMEX Division Operations Managers
FROM:
George Henderson, Vice President
RE:
Options Expiration Operational Procedures for the Trading Floor and Clearing
Members
________________________________________________________________
The expiration date for the May 2001 options contract for Crude Oil (LOK1) is
Tuesday, April 17, 2001.
GENERAL OPERATIONAL PROCEDURES
All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized
representative present at their normal work station promptly at 5:30 p.m.
until released by the Exchange staff as specified below. All adjustments
and/or corrections, must be accompanied by relevant supporting documentation
prior to being incorporated into expiration processing, in essence making the
expiration processing an extension of the afternoon trade resolution
procedures. All input to the NYMEX Clearing Department will conclude no
later than 30 minutes after floor representatives are released.
Exchange Clearing (299-2110), Floor Trade Correction (299-2068 and 299-2169)
personnel, as well as a representative of the Floor Committee will be
available to assist with the processing of notices of Exercise and
Abandonment, position transfers, trade corrections and other questions or
problems you may have.
CLEARING DEPARTMENT OPERATIONAL PROCEDURES
The Option Expiration process is a screen based process for which all
information is provided on the screens on C21 terminals. No Option Expiration
Reports will be provided. The following screens will assist you through the
Option Expiration process:
MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the
previous 4 business days and trades adjusted for the previous 4 business days
by adjustment date.
SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day
position to the projected end of day position.
REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers "TO" your firm and the status of
each transfer.
REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer "FROM" your firm and the status of
each transfer.
EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to exercise.
DO NOT EXERCISE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to abandon.
POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.
Any PCS input on a Clearing 21 terminal will be the input processed by the
system. This input may be made at any time prior to 6:45 p.m. Any PCS input
via transmission for that contract series will be disregarded.
ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.
EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by
contract series or the Assignment List window which contains all your
Assignments on one window. You will be notified of its availability by C21
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS
input.
All Clearing Members are required to have an authorized representative(s) at
their C21 workstations in preparation for any communication during the
expiration process.
FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871,
access code 700 for event messages advising Members of the event status.
E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be
aware of event status.
The standard event Fast Facts and/or E-Mail messages and the sequence in
which they will be announced are:
Standard Event Message: Announce Out-of-the Money Exercise and In-the-Money
Do Not Exercise Submissions
Approximate Time of Message Availability: 5:45 PM
Usual Event Time: 5:45 PM
Announced via Fast Facts
Standard Event Message: Announce Final Input to C21 Cutoff Time
Approximate Time of Message Availability: 6:30 PM
Usual Event Time: 6:45 PM
Announced via e-mail
Standard Event Message: All positions are deemed final
Approximate Time of Message Availability: 7:30 PM
Usual Event Time: 6:45 PM
Announced via Fast Facts
Standard Event Message: Announce Exercise/Assignment Information Available on
the Single Position Maintenance Windows
Approximate Time of Message Availability: 8:25 PM
Usual Event Time: 8:30 PM
Announced via Fast Facts and e-mail
Standard Event Message: All Report Distribution is completed
Approximate Time of Message Availability: 11:00 PM
Usual Event Time: 11:00 PM
Announced via Fast Facts
The times appearing in the Usual Event Time column are based on normal
operational conditions and could vary.
NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS
Time: 5:30 PM
Activity: Exercise Notice Submission
Event: Input to C21 Cutoff Time
Reference Number: 1
Time: 5:30 PM
Activity: Do Not Exercise Submission
Event: Input to C21 Cutoff Time
Reference Number: 2
Time: 5:45 PM
Activity: Announce Out-of-the-Money Exercise and In-the-Money Do Not Exercise
Submissions
Event: Fast Facts Notice
Reference Number: 3
Time: 6:30 PM
Activity: Announce Final Input to C21 Cutoff Time
Event: C21 E-mail
Reference Number: 4
Time: 6:45 PM
Activity: Final Input to C21 Cutoff Time
Reference Number: 5
Time: 7:30 PM
Activity: All Positions are Deemed Final
Event: Fast Facts Notice
Reference Number: 6
Time: 8:25 PM
Activity: Announce Exercise/Assignment Information Available on the Single
Position Maintenance Windows
Event: Fast Facts Notice and C21 E-mail
Reference Number: 7
If you have any questions concerning these procedures, please contact Charles
V. Bebel at 299-2130, Angel Rivera at 299-2150 or Anthony Di Benedetto at
299-2152 prior to the expiration date.
__________________________________________________
Please click on the link below to indicate you have received this
email.
"http://208.206.41.61/email/[email protected]&
refdoc=(01-116)"
Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return. |
-----Original Message-----
From: Schmidt, Ann M.
Sent: Wednesday, July 25, 2001 12:59 PM
To: Denne, Karen; Kean, Steven J.; Palmer, Mark A. (PR)
Subject: Enron's Skilling Vows to Meet or Beat Profit Projections
Enron's Skilling Vows to Meet or Beat Profit Projections
2001-07-25 13:34 (New York)
Enron's Skilling Vows to Meet or Beat Profit Projections
New York, July 25 (Bloomberg) -- Enron Corp. will meet or
beat its profit projections this year and next, Chief Executive
Jeffrey Skilling said, criticizing analysts who've recently
lowered their forecasts for the largest energy trader.
Enron said July 12 that it expects to make $1.80 a share this
year and $2.15 in 2002.
``We will hit those numbers, and we will beat those
numbers,'' Skilling told a meeting of analysts and investors in
New York.
Enron shares have fallen about 13 percent since it made the
profit forecasts. Skilling blamed the decline on analysts who
downgraded U.S. energy companies because of falling prices for
power and natural gas.
Analysts have also cited concern about unpaid power bills by
Enron customers in California and India, and losses by Enron's
broadband trading unit, which may hurt Enron's profits.
``All of these are bunk,'' Skilling said. ``These are not
issues for this stock.''
The shares of Enron fell 96 cents to $42.33 in early afternoon
trading today.
Enron makes much of its money from profits from arranging
trades of power, gas, oil and other commodities, Skilling said. It
returns are based more on the volume of trades and energy
contracts than on the prices of the commodities themselves, he
said.
``The growth of our sales is not driven by the economy,''
Skilling said. ``It's driven by the growth of markets.''
The refusal of a state government in India to pay $64 million
in power bills is not going to hurt Enron's earnings, Skilling
said.
``In India, we have government guarantees on the performance
of our contract,'' Skilling said. ``We're convinced we'll be paid
in full'' for the $875 million the company has invested so far,
plus unpaid power bills. Enron owns 65 percent of Dabhol Power
Co., which invested about $3 billion in a power plant in India.
In California, Enron is owed more than the state's power grid
manager has accused the company of overcharging, Skilling said.
California is negotiating refunds with energy traders and
generators after power prices soared in the state, leaving its two
largest utilities so far in debt they could no longer buy
electricity for their customers. The state has threatened to sue
if power sellers don't agree to $8.9 billion in refunds.
Enron will cut its losses as it waits out a ``meltdown'' in
broadband communications, Skilling said.
The company's plan to trade space on fiber-optic
telecommunications network helped its stock rise 87 percent last
year.
The stock has plunged 49 percent this year as the collapse of
Internet companies darkened the outlook for broadband companies,
and natural gas prices dropped from record highs in December.
Houston-based Enron is selling more power in Europe, and more
energy-management contracts to smaller commercial customers in the
U.S., company executives said. Energy management contracts are
agreements to buy energy for customers and find ways to cut their
energy consumption.
Enron also is poised to profit from a Bush administration
proposal to expand competition for wholesale power, Skilling said.
USA: Enron says would not pay California refund.
By Timothy Gardner
07/25/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, July 25 (Reuters) - Energy firm Enron Corp. would not pay its
"minuscule" portion of the nearly $9 billion California claims energy
companies owe the state for overcharges during the Western power crunch,
Enron President and Chief Executive Officer Jeff Skilling said on Wednesday.
California alleges that electricity generators and marketers owe the state
$8.9 billion for overcharging it during the power crisis from mid-2000 to
last spring. Governor Gray Davis, a Democrat, said he is prepared to go to
court to retrieve the money.
But Enron, the No. 1 U.S. natural gas and electricity marketer, does not
intend to pay its portion of the alleged overcharges. which Skilling said was
"minuscule."
"The $9 billion number is bogus to begin with," Skilling told analysts at a
meeting about Enron's second-quarter earnings in New York. Skilling said
Enron's share of the alleged overcharge is $38.5 million. He said Enron
should in fact recover $32 million in net purchases from California.
At least one sector of California's electricity regulation system agrees that
Enron's involvement was small in the power crisis, in which electricity
prices reached records and rolling brownouts darkened many areas.
Sales records kept by the California Independent System Operator, which
manages most of the state's power grid, show Enron accounted for 0.4 percent
of the alleged $9 billion overcharge.
The Federal Energy Regulatory Commission is meeting on Wednesday in its
biweekly commissioners meeting, in part to consider the refunds after a
federal mediator rejected California's claims. On July 12. FERC Chief
Administration Judge Curtis Wagner swung the issue back to the commission for
further action. Wednesday's meeting is the last scheduled before the
commission takes a month-long break.
STILL ROUNDS TO BE FOUGHT IN CALIFORNIA
Enron's problems in California are far from being settled. A committee of the
California Senate investigating suspected price gouging during the power
crunch recently found Enron in contempt for refusing to disclose confidential
sales and bidding records.
The California Senate last used the contempt ruling in 1929 against a cement
company, but eventually the state's Supreme Court threw out the ruling,
saying the charges were too vague.
Just before the California Senate voted to hold Enron in contempt, the
Houston-based company sued in a California court on a claim that FERC, not
the California Senate, had jurisdiction.
"They (California) are making political noise we don't like," said Skilling.
He said if the situation got worse the company could reduce its market share
there. "We'll walk away from the situation and reserve out," he said.
Although Enron claims little involvement in the alleged overcharge, the
company says it has learned from the crisis.
Skilling said that looking forward, Enron will avoid dealing with
intermediaries that the company contends helped lead to the power crunch.
"We're focused on retail in California; we're going direct to customers
without dealing with an intermediary," said Skilling.
Shares in Enron, which reported earnings slightly better than expected on
July 12, were down 34 cents to $42.90 in early trade on the New York Stock
Exchange. That is down from its peak this year of more than $81, hit in
mid-February in the depths of the Western power crunch.
- ((Timothy Gardner, New York Energy Desk, +1 646-223-6058; fax +1
646-223-6078, [email protected])).
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. |
Sara,
Mike Fowler forwarded me a copy of the prime broker clearing services
agreement sent to him by BuySide Direct, to facilitate the trading they would
like to do. We would like to comment on item #23. Input on #23 should be
Morgan Stanley and Goldman Sachs, the two prime brokers currently utilized
most by ECT Investments Inc. Sheila Glover asked me to review and forward
comments to you. The document looks like the standard prime broker clearing
services agreement that we have established in the past with other
executing/clearing brokers. If you need anything else, my number is
713-853-1439.
Thanks,
Theresa
---------------------- Forwarded by Theresa T Brogan/HOU/ECT on 08/22/2000
08:32 AM ---------------------------
Mike Fowler@ENRON
08/21/2000 11:05 AM
To: Theresa T Brogan/HOU/ECT@ECT
cc:
Subject: Online Trading Platforms
As noted below, we would like to establish agreements with several online
corporate bond trading platforms, including Buy Side Direct which will be
used for trading convertible bonds and associated equity hedges. As
suggested by Sheila, I will provide you with the agreement from Buy Side
Direct's clearing firm. Please complete the appropriate sections to allow
their clearing firm to clear in an account in the name of our prime broker
designated for our benefit.
Thanks.
Mike
x39990
---------------------- Forwarded by Mike Fowler/Corp/Enron on 08/21/2000
09:31 AM ---------------------------
Enron North America Corp.
From: Sheila Glover @ ECT 08/18/2000 04:28 AM
To: Ted Murphy/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
cc: Mike Fowler/Corp/Enron@ENRON, Jeff Kinneman/HOU/ECT@ECT, Madhur
Dayal/HOU/ECT@ECT, John Greene/HOU/ECT@ECT, David J Vitrella/HOU/ECT@ECT,
Selena Gonzalez/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Aneela
Charania/HOU/ECT@ECT, Samantha T Davidson/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron
Subject: Online Trading Platforms
Ted, Bill and Sara,
ECT Investments Inc. is wanting to establish execution only agreements for
on-line trading for the Convertble and credit books. These services are new
and the trading desk wants to be able to utilize.
We will establish only one relationship with ECT Investments Inc. at this
time and all clearance will be done through our prime brokers. [Books are
maintained separately at all prime brokers.].
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 18/08/2000 04:16
---------------------------
Mike Fowler@ENRON
17/08/2000 16:01
To: Sheila Glover/HOU/ECT@ECT
cc: Madhur Dayal/HOU/ECT@ECT
Subject: Online Trading Platforms
I'm working with Sara on legal issues related to Buy Side Direct. Is my
understanding correct that approval from Risk Control and Credit is required
to initiate trading, and that you are requesting their approval for Buy Side
Direct as well as the other sites listed below ?
Please let me know if I should be involved in this process. Any feedback
regarding expected timing of this approval would also be appreciated.
Thanks.
Mike
x39990
---------------------- Forwarded by Mike Fowler/Corp/Enron on 08/17/2000
01:55 PM ---------------------------
Mike Fowler
08/15/2000 10:21 AM
To: Sheila Glover/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT, Madhur
Dayal/HOU/ECT@ECT
Subject: Online Trading Platforms
I am requesting that online trading agreements be executed with the following
bond trading platforms which we are evaluating:
Site Initial Corporate Bond Categories * Type Site Status
Buy Side Direct Convertibles (+ Equity Hedge) ** Cross Matching Aug 15th
Launch
Trading Edge / Bond Link High Yield, Convertibles Cross Matching Live
LIMITrader High Yield, Convertibles Cross Matching Live
Market Axess Investment Grade Multi-Dealer *** August Launch
* Additional corporate bond categories may be added in the future. For
example, Market Axess expects to add high yield and convertible bonds within
3 to 6 months.
** John Greene is aware that convertible bond transactions through Buy Side
Direct will involve offsetting equity hedges.
*** We have execution agreements in place with all current Market Axess
dealers.
Potential benefits offered by online sites include trading flows and improved
execution efficiency. In addition, these sites provide opportunities for
generating demand for EnronCredit.com credit derivatives, given that users of
these sites are buyers or sellers of corporate credit risk. The ability to
trade will greatly enhance our evaluation of these sites.
As noted above, 3 of the 4 sites are cross-matching, where trading is
completely anonymous and the site's sponsor or clearing firm are the nominal
counterparty for all trades. One of the 4 sites will be a multi-dealer
system where counterparties transact directly with a particular dealer.
Trades for all sites would be cleared through prime brokers with whom we have
existing agreements.
As you suggested, we should ensure that agreements with online trading
platforms allow for trading by ENA, ECT Investments and EnronCredit.com. My
understanding is that Sheila's group would coordinate the opening of any
additional accounts required to facilitate trading by each entity.
I suggest that Madhur Dayal be designated initially at the person to receive
notification of material changes to agreements. We should retain the ability
to change this contact person.
Thanks.
Mike
x39990 |
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LEHMAN BROTHERS INC.
Analyst: Richard Gross
Telephone #: 212-526-3143
Headline: EOTT Energy Partners, L.P.: Downgrading to 2-Outperform
Industry: Energy & Power
Region: United States
Today's Date: 07/07/00
Ticker: EOT Fiscal Year: 12/31
Price: 14.13 52wk Range: 19 - 11
Rank(New): 2 - Outperform Target(New): 16
Rank(Old): 1 - Buy Target(Old): 16.5
----------------------------------------------------------------------------
-
EPS 1999 2000 2001 %Change
Act. Old New St.Est Old New St.Est
2000/2001
1Q 0.17 0.01 0.08A 0.08A - -E - -E 0.00E -53 -
-
2Q 0.09 0.14E 0.14E 0.14E - -E - -E 0.00E 56 -
-
3Q 0.02 0.16E 0.16E 0.16E - -E - -E 0.00E 700 -
-
4Q 0.08 0.13E 0.13E 0.13E - -E - -E 0.00E 63 -
-
----------------------------------------------------------------------------
-
Yr. 0.36 0.50E 0.50E 0.56E 0.64E 0.64E 0.65E 39
28
P/E 28.3 22.1
----------------------------------------------------------------------------
-
MARKET DATA FINANCIAL SUMMARY
Shares OutStanding (MM) 28.0 Revenue (B) 11.4
Mkt Capitalization (B) 0.4 Five-Year EPS CAGR - - %
Dividend Yield 13.4 Return On Equity (2000) - -
Convertible No Current Book Value - -
Float - - Debt To Capital - - %
Disclosure(s) A
----------------------------------------------------------------------------
-
INVESTMENT HIGHLIGHTS :
* We are downgrading EOTT Energy Partners to 2-Outperform from 1-Buy based
in
part on the reduced prospects for near-term acquisitions. We are also
reducing our price target from $17 to $16, which is based on a cash
distribution of $1.90 and a yield of 13.4%.
* We are concerned about the lack of near-term acquisition prospects for
EOTT, and the subsequent impact this will have on cash distribution
coverage levels. EOTT's coverage level of total units is estimated at 75%
for 2000 and 84% for 2001.
* EOTT's unit price is already up 9.1% through 2Q00 versus the S&P 500 which
is down 1.0% in the same period. We believe further unit appreciation
will
likely be inhibited until coverage levels improve.
WE ARE DOWNGRADING EOTT ENERGY PARTNERS TO 2-OUTPERFORM FROM 1-BUYBASED IN
PART ON THE REDUCED PROSPECTS FOR NEAR-TERM ACQUISITIONS. We are also
reducing our price target to $16 from $17, which is based on a cash
distribution of $1.90 and a yield of 13.4%. We are maintaining our earnings
estimates for EOTT at $0.50 for 2000 and $0.64 for 2001.
WE ARE CONCERNED ABOUT THE LACK OF NEAR-TERM ACQUISITION PROSPECTS FOR EOTT
AND THE SUBSEQUENT IMPACT THIS HAS ON IMPROVING THE CASH DISTRIBUTION
COVERAGE LEVELS.
We estimate that the total unit coverage level will be 75% in 2000,
increasing to 84% in 2001, assuming a cash distribution of $1.90 per unit.
EOTT will need to boost its distributable cash level by approximately $14
million in order to reach the 100% coverage level for all units in 2000.
Without making an acquisition, it is unlikely that EOTT will reach this
coverage level before 2002. Furthermore, although an acquisition would be
accretive in the long run, it would likely be dilutive to earnings and cash
in
the near-term. In the meantime, EOTT has coverage support from Enron
through
2001.
UNIT PRICE APPRECIATION IS LIKELY TO BE INHIBITED UNTIL COVERAGE LEVELS
IMPROVE FURTHER
EOTTs unit price has appreciated 9.1% through the end of 2Q00, as compared
to
the S&P 500, which is down 1.0% during the same time period. Including the
cash distributions, EOTTs return has been close to 16% so far this year.
____________________________________________________________________________
__
___________________________Company Description : - -EOTT is one of the
largest independent crude oil gathering and marketing companies in North
America. Crude is gathered from over 6,000 producers with ownership of over
40,000 wells. Common carrier and proprietary pipelines transport EOTT and
third party crude to market over a network of over 8,200 miles of
facilities.
This network moves over 500,000 barrels per day. EOTT also operates a small
gas processing plant and associated fractionation facilities to provide
blending stock for upgrading heavier, less valued crudes gathered in
California.
Margaret A. Connerty (212-526-3896) - [email protected]
____________________________________________________________________________
__
____________________________________________________
Disclosure Legend: A-Lehman Brothers Inc. managed or co-managed within the
past three years a public offering of securities for this company. B-An
employee of Lehman Brothers Inc. is a director of this company. C-Lehman
Brothers Inc. makes a market in the securities of this company.
This document is for information purposes only. We do not represent that
this
information is complete or accurate. All opinions are subject to change. The
securities mentioned may not be eligible for sale in some states or
countries.
This document has been prepared by Lehman Brothers Inc., Members SIPC, on
behalf of Lehman Brothers International (Europe), which is regulated by the
SFA. |
Industry Group Analysis
This Week: Big Chart Update for the Week of January 7
1. Introduction
2. Groups That Are Heating Up
3. Groups That Are Cooling Off
4. On The Radar Screen This Week
5. Disclaimer
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1. Introduction
Sentiment that the economy will rebound later this year has
resulted in investors looking past the upcoming earnings
season and instead increasing their level of risk tolerance.
This change in sentiment has resulted in industry groups such
as Electronics/Semiconductors {.DSE} and
Homes/Hotels-Motels-Inns {.HOT} rising on the Big Chart.
Industry Group Analysis is just another of the many great
reasons to be a subscriber to the WallStreetCity website.
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stock analysis, you also get access to the world's most
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____________________________________________________________
2. Groups That Are Heating Up
Growing optimism for an economic recovery has driven the
ranking for Electronics/Semiconductors {.DSE} up to the 98th
percentile. Investors have been ignoring valuations in order
to avoid risking the next big run up in chip stocks.
Historically, semiconductor stocks have appreciated in price
6-9 months before a recovery occurs and with news of price
increases coming out of Asia, the current sentiment is that a
bottom has been reached by the industry. Chip stocks that
have recently traded upwards include Globespan {GSPN}, Amkor
Technology {AMKR}, Taiwan Semiconductor {TSM}, Micron
Technology {MU}, and ASM International {ASMI}.
Homes/Hotels-Motels-Inns {.HOT} has been making a material
rebound, rising from the 2nd percentile to the 50th
percentile during the past five weeks. Analysts have been
gradually upping their ratings on stocks such as Fairmont
Hotels {FHR}, Host Marriott {HOT}, and Hilton {HLT} on the
basis of an expected economic recovery, a decrease in the
rate of revenue decline, and valuation. Notably, growth for
many companies in this group is not expected to return until
the second half of the year, at the earliest, but increased
confidence over airport security could cause industry
conditions to improve sooner.
Other groups with rising rankings include Basic/Metal {.MET},
Broadcasting/Television {.BTV}, Computer/Components {.DCO},
Home/Pet & Supplies {.PET}, Machinery/Machine Tools {.MMT},
Publishing/Graphics/Supplies {.GSE}, and
Services/Advertising {.ADV}.
To view the Big Chart click the link below.
http://www.wallstreetcity.com/commentary/commentary_group_rotation.asp
____________________________________________________________
3. Groups That Are Cooling Off
Despite the increased level of risk tolerance being priced
into the market, Drugs/Biotechnology {.DBI} has lagged on the
Big Chart. Rankings for the industry group have fallen for
five consecutive weeks. Part of this decline has been caused
by news events over the past few days. First, Abgenix {ABGX}
announced on Thursday that its rheumtoid arthritis drug,
ABX-IL8, failed to show stastical improvements. Then,
ImClone Systems {IMCL} began tumbling on Friday as word about
a negative article in the The Cancer Letter spread. The
newsletter stated that FDA is refusing to review IMCL's
application for Erbitux, a treatment for colon cancer. The
two announcements are sharp a reminder of the risks inherent
with with many biotechnology companies.
Other groups with rising rankings include Basic/Metal {.MET},
Broadcasting/Television {.BTV}, Computer/Components {.DCO},
Home/Pet & Supplies {.PET}, Machinery/Machine Tools {.MMT},
Publishing/Graphics/Supplies {.GSE}, and Services/Advertising
{.ADV}.
To view the Big Chart click the link below.
http://www.wallstreetcity.com/commentary/commentary_group_rotation.asp
____________________________________________________________
4. On The Radar Screen This Week
Services/Advertising {.ADV} has improved its rank for four
consecutive weeks and now sits just shy of the top quintile.
The industry group is very dependant on economic cycles for
revenue growth and and optimism over a recovery has resulted
in several stocks testing their six-month highs, including
Publicis Group {PUB}, WPP Group {WPPGY}, Catilina Marketing
{POS}, and Omnicom Group {OMC}. With little in the way of
economic news this week, expect short-term sentiment to
determine the price direction of this group.
To view the Big Chart click the link below.
http://www.wallstreetcity.com/commentary/commentary_group_rotation.asp
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5. Disclaimer
WallStreetCity's Industry Group Analysis is published solely
for informational purposes and is not a solicitation or an
offer to buy or sell any stock, mutual fund or other security.
The information obtained from internal and external sources
is considered reliable, but has not been independently
verified for accuracy and completeness. WallStreetCity, its
employees, and/or officers and directors, may from time to
time have a position in the securities mentioned and may sell
or buy such securities.
Trading involves risk, including possible loss of principle
and other losses. Trading results may vary. No
representations are being made that these techniques will
result in or guarantee profits in trading. Past performance
is no indication of future results.
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Thoughts on Texas A&M...
Fox Sports Show Host Jim Rome
1) They won't shut up. They have to go on about spirit, and old army,and
red ass, and how bonfire represents the burning sensation they have in
their urine to beat UT, and blah blah blah. Shut up. You start to get the
feeling the entire school was built to spite UT.
2) Forget the fact that when the Texas Legislature back in the 1870's
passed legislation to start a state university they also decided to have a
subsidiary branch of the main school (University of Texas) that would teach
agriculture and mechanics. Aggies love to say their school is older, from
where they get that I don't now......the fact is, the State intended A&M
to be a branch of UT. They are like the afterbirth fromthe original
creation. Like Danny Devito in "Twins".
3) So they apparently have this complex, so much so, that they must
devote
their entire school to trying to prove to UT that they are just as good.
All the while, nobody at UT denies that A&M is a good school, yet they
won't shut up. So they write a fight song......about?....Texas, and how
they want to beat them. They have a Fish Camp for freshman where they tell
them how bad Texas is and how good A&M and all its traditions are. It is
the world's largest known case of penis envy, and it is manifested in
everything A&M does.
4) The people at A&M. Now we all have friends who went to A&M or are at
A&M.
There are some nice people there. However...there is the Corp. East Texas'
answer to dreams of ROTC kids everywhere. For every boy scout who never
learned to stop playing with his GI Joe Toys, there is the Corp. Now,
forget the fact that A&M will actually let people with sub-par grades
enroll if they agree to join the Corp. Forget the fact that the Corps
looked like a Gestapo hate rally while beating down students on Kyle Field
in 1995. Forget the fact that along with the numerous hazing charges that
have been filed against them, and swept under the rug over the years, they
just this past month have had one Corps member bring charges against
another Corps member who apparently had been propositioning others for a
little actual sodomy. Not only could I go on with more instances of
idiocracy by these Khaki-clad-shaven-headed-dorks, I am sure each of you
have your own stories.
The point is:
We all respect West Point, Annapolis, The Air Force Academy; however,
nobody respects the Corp. I imagine they are kind of the laughing stock of
the military world. Just because you dress like the Army, and try and act
like the Army, does not make you the Army. People at A&M don't even respect
these clowns. It is not cool to shave your head and dress up. Halloween is
only supposed to be one day of the year. If you want to carry guns and beat
up civilians, move to Israel.
5) It is even less cool to slobber on somebody's daughter on national
television and call it a tradition. Dry humping 18 year old girls in the
stands at football games is not cool. Not only is it not cool, it should be
against the law. I know that in College Station, students are just prone to
mount each other on the campus lawn, or in the middle of class, or anytime
anything good happens you can just grab the girl sitting next to you and
start sucking on her face. But everywhere else in the world, it is looked
down upon. Especially if you are doing it on my TV. That is why we have
moved the game from Thanksgiving. Because people across the nation were
gagging on their turkey when in the middle of watching a football game,
some boy scout is tongue thrashing some overweight co-ed during somebody's
Thanksgiving dinner. We do not need to see burly women engaged in a
suckfest every time your woeful offense manages to put points on the board.
Some of these girls are in desperate need of a trip to the Clinique
counter. Screw that, forget make-up, it is too late for that, just give
them a veil.
6) "t.u." is not funny. It is NOT insulting. It is dumb. Just imagine if
folks from Texas kept talking about M&A and giggling. That would not be
funny. In fact, it would be retarded. That's why UT fans don't do it.
Please learn.
7) You want to lose the image of country bumpkins, of a people fond of
sheep, of people that aren't stupid? Then quit building things that fall
down.Quit chasing cheerleaders around with swords on national TV. Quit
whooping in church. Quit whooping period. Quit putting up scoreboards for
the enjoyment of dead mammals. Quit spending your Friday nights practicing
how to yell. Quit telling rape jokes to reporters when you're running for
Governor. When you are filling out season ticket renewals, and the form
asks for your phone #, H & W, quit putting 258-3999, Height 6'3", Weight
185. Just, collectively, stop making asses of yourselves. Go to East
Texas, tour every small town, and ask every red neck with a 5th grade
education why they cheer for A&M and wear maroon. That is your fan base.
This is why you are perceived by the educated masses as stupid.
8) Nobody cares if you think your band is better. They might be louder,
they might march in neat little zig zags, but they have no musical ability.
The point is, nobody cares who wins halftime. Quit getting geeked up about
marching bands. I find it hard to believe you stood through your high
school band's entire halftime performance. And why? Cause nobody cared then
and nobody cares now. Plus, you can hear them fine sitting down even if you
do care. Why is it cool all of a sudden now that you're in college?
9) Men should never let out high pitched whooping sounds. Perhaps the
only
justifiable situation in which this can be tolerated is perhaps during an
anal probe. Oh wait...I understand now.
10) Dogs are not ladies. They don't look or smell like ladies. Dogs eat
their own feces and should be treated accordingly.
11) Finally, College Station is an arm-pit of a town. Quit pretending that
it is a great college town. It is a town and there is a college there.That
should be the end of this comparison. If you feel that life doesn't get any
better than the Dixie Chicken, and enjoy being stuck in a never ending
"Dukes of Hazard" episode, then move there. More importantly, don't move to
Austin.....they are trying to create an educated, technological, and open
minded population base. Austin is, and will continue to be, the birthplace
and final resting place of all that is cool.
As my friend Stephen Johnson once said: "If the world were ever to get an
enema, College Station is where you would connect the hose." If you go to
school at A&M, please don't be an Aggie.
God Bless the Great State of Texas.
Brian Puls
Software Engineer
Lockheed Martin-Enterprise Solutions
281 218-2740 |
Wow!!!
Sounds great!!
It matches my interest exactly,
I really like it..
I'll send you an email after I talk with
my advisor tomorrow.
However I wonder
what will happen to work with DealBench team
if I join the project?
thanks for your quick response.
-----------------------------------------------------------------------
Jinbaek Kim
Ph.D Candidate
Dept. of Industrial Engineering and Operations Research
U.C.Berkeley
http://www.ieor.berkeley.edu/~jinbaek
Go Bears!
:"'._..---.._.'"; `. .' .' `.
: a a : __....._
: _.-0-._ :---'""'"-....--'" '.
: .' : `. : `,`.
`.: '--'--' :.' ; ;
: `._`-'_.' ;.'
`. '"' ;
`. ' ;
`. ` : ` ;
.`. ; ; : ;
.' `-.' ; : ;`.
__.' .' .' : ; `.
.' __.' .'`--..__ _._.' ; ;
`......' .' `'""'`.' ;......-'
`.......-' `........'
On Wed, 2 May 2001 [email protected] wrote:
>
> Jinbaek,
>
> This is a project related to automated trading platforms for commodities.
>
> Vince
>
>
>
>
>
> Jinbaek Kim <[email protected]> on 05/02/2001 05:21:40 PM
>
> To: [email protected]
> cc:
> Subject: Re: summer work..
>
>
> Dr. Kaminski,
> thanks for your mail.
>
> I am sorry that I'll not be available earlier,
> I will talk with my advisor, but
> probably it will be pretty negative.
> however, I may be able to start it from June1,
> depending on what he tells..
> We will meet tomorrow afternoon,
> so I'll be able to let you know
> whether we can start work earlier then.
>
> And could you tell me briefly
> what are those projects you have in mind?
>
> Thanks!
>
> -----------------------------------------------------------------------
> Jinbaek Kim
> Ph.D Candidate
> Dept. of Industrial Engineering and Operations Research
> U.C.Berkeley
> http://www.ieor.berkeley.edu/~jinbaek
>
> Go Bears!
>
> :"'._..---.._.'"; `. .' .' `.
> : a a : __....._
> : _.-0-._ :---'""'"-....--'" '.
> : .' : `. : `,`.
> `.: '--'--' :.' ; ;
> : `._`-'_.' ;.'
> `. '"' ;
> `. ' ;
> `. ` : ` ;
> .`. ; ; : ;
> .' `-.' ; : ;`.
> __.' .' .' : ; `.
> .' __.' .'`--..__ _._.' ; ;
> `......' .' `'""'`.' ;......-'
> `.......-' `........'
>
>
> On Wed, 2 May 2001 [email protected] wrote:
>
> >
> > Jinbaek,
> >
> > Thanks for your message.
> >
> > We have a number of additional fascinating projects that you can work
> > on. As a matter of fact, it would be great to have you here earlier.
> >
> > Vince
> >
> >
> >
> >
> >
> > "Jinbaek Kim" <[email protected]> on 05/02/2001 05:18:32 AM
> >
> > To: <[email protected]>, "Raghavan, Suresh"
> > <[email protected]>, "Mesquita, Ross"
> > <[email protected]>
> > cc: <[email protected]>
> > Subject: summer work..
> >
> >
> > Long time no see,
> > How have you been...must be busy and living a challenging life?
> > I have been pretty busy too,
> > to finish a project and write a paper, these days.
> >
> > Everything looks going OK for my summer internship.
> > I took necessary steps to work out of campus, and sent
> > signed contract to Molly a week ago..
> >
> > Here is what I am expecting to do in the summer.
> > Please let me know if you have any change in mind.
> > Actually, I wonder a little bit if DealBench changed its business
> model...
> > and maybe you got priority in something different
> > because it has been quite a while since we talked.
> > I'd like to what's going on in DealBench team...
> > Raghavan and Ross,
> > if we talk over phone it will be great!
> >
> > Dr. Kaminski,
> > If you think there is something else interesting to work with during the
> > summer,
> > to both you and I, please let me know.
> > My interest is auction, market design, and simulation.
> > I am taking a financial engineering class, (mostly on option pricing)
> > and working on electricity generator valuation problem based on
> > spark spread option.
> >
> > All of you,
> > Let's keep in touch until we meet in June!!
> >
> > Best Regards,
> > Jinbaek
> >
> >
> > Tentative Work Period: 6/4 - 8/4
> >
> > 1. Tasks:
> > 1) Survey on Auctions: the State of Art
> > Single-item auction, Multi-Unit auction, Sequential auction,
> > Multi-attribute auction, Combinatorial auction
> >
> > - Theoretical
> > - Experimental
> > - Algorithmical
> >
> > 2) Deal Bench's Auction Model Analysis
> >
> > 2. Deliverables:
> > 1) 3 Presentations:
> > - 1st presentation: around 6/30: on different auction types and
> > researches
> > - 2nd presentation: around 7/15: the State of Art in auction studies
> > - 3rd presentation: around 8/1: Deal bench's model analysis
> >
> > 2) Report:
> > Summary of auction study in laymen's term
> > Deal bench's model analysis
> >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
> |
Cool--my law beanie is getting a little tight lately. Stan communicated to
Oneok that we want to keep the dialogue going and that arbitrating the
measurement issue is necessary so we can clear it out of the way and allow
everyone to focus on bigger issues. I don't know if they bought it, but if
we approach them (maybe at the Stan level) with potential business deals it
will tend to validate the message Stan sent them. We haven't heard anything
since we launched the arbitration on Friday, so I'm not sure if they are
ballistic or not. Given Stan's message to them (Kathy--pls forward Stan's
letter to Jeff) I think he ought to either raise the West Texas line himself
or else tee it up by calling his counterparts and letting them know what were
up to so there is no confusion. Maybe you or Harris could bring it up at the
Mon. meeting or sooner if necessary. Let me know if you want me involved in
that conversation. Thanks. df
From: Jeffery Fawcett/ENRON@enronxgate on 02/27/2001 02:54 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:
Subject: Pemex-Enron Project
Drew,
Here's a chance to wear your honorary Marketing beanie. If you read the note
below, we're engaged in very preliminary conversations with PEMEX with the
idea that maybe TW/NNG could offer a viable alternative to EPNG to move gas
into Mexico through the Samalayuca lateral (commencement point located
approx. 50 miles east of the city of El Paso). New construction would
involve approx. 150 miles of pipeline and associated compression to tie into
the existing TW/NNG systems near Waha. Notwithstanding PEMEX's desire to
move off EPNG for a portion of the load, I don't think the economics will
work.
However, KN Energy (now Kinder) used to own a line they acquired through
Westar (they acquired it from El Paso Products Co.) that runs from Waha
westward to a point near the city of El Paso. It's primarily a 20" line, and
it currently serves El Paso Electric Co. and several directly connected
industrial customers. As a KN operation, it typically didn't run full. I
see the acquisition of this line as one possible way we could serve both the
existing markets as well as incremental volumes to PEMEX at a rate that might
work for them. I completely spaced on the fact that Kinder sold many of its
south system assets (including this West Texas line) to Oneok last year. If
we are to pursue this idea, then we're forced to dealing with Oneok.
I know that we're in deep dog poo with Oneok right now regarding Bushton. My
question is, are we in any kind of position to talk to Oneok about this
asset, considering the legal status of our dispute at Bushton? Also, does
our desire (potentially) to own this asset create any kind of negotiating
currency with Oneok on the Bushton issue?
I'd appreciate your thoughts. We're due to have Pemex in our offices next
week. Thanks!
-----Original Message-----
From: Fawcett, Jeffery
Sent: Thursday, February 22, 2001 3:19 PM
To: Harris, Steven; Scott, Susan; Matthews, Ronald; Robertson, Audrey;
Schoolcraft, Darrell; Faucheaux, Eric; Gottsponer, Morgan
Subject: Pemex-Enron Project
Importance: High
Pemex has approached Transwestern with the idea of Transwestern building an
interconnecting pipeline between the current EPNG/Samaluyca interconnect at
EPNG's Hueco compressor station and TW's facilties in West Texas. Pemex has
indicated they might move as much as 300,000 MMCf/d on the lateral, although
the email below shows increments to only 200,000 MMCf/d. Pemex is well aware
of the fact that the lateral will not be an inexpensive proposition, but they
claim to see another supply option (other than EPNG) as necessary,
particularly in light of EP Merchant's behavior regarding their ownership of
the large 1.2 Bcf/d block of EPNG capacity.
To this end, I've arranged a meeting (originally set for Mexico City, now in
Houston) to sit down face to face with Pemex and discuss this project.
They'd like us to be a specific as possible and set the email below to assist
us in our design considerations.
I see this project being one of possibly two separate projects. First, we
could re-establish a dialogue with Kinder Morgan to see if they'd be
interered in talking to us about an ownership position in their West Texas
line. Secondly, we could build new pipe to TW/NNG.
With respect to NNG, I think there's definitely an opportunity to promote the
use of the NNG South end as a potential supply/services source. Not only
does NNG have a full range of storage and line pack services, but they could
possibly bring Trailblazer gas from the Rockies down to serve this load.
Audrey, if you would, please set us up for meeting here in Houston on Friday,
March 9, 2001 beginning at 9:00 a.m. We need a conference room for about 10
people from 9-12. I'd like a coffee/juice/rolls setup for this meeting if
possible. Also, check with me as time draws near and we can arrange a place
to take them to lunch. I think we can finish our business with them at lunch
time and make plans for our next steps.
-----Original Message-----
From: jrojas [mailto:[email protected]]
Sent: Wednesday, February 21, 2001 7:54 PM
To: Jeffery.Fawcett
Cc: lpadilla
Subject: Pemex-Enron Project
Importance: High
Jeff,
As we talk this morning we are interested on developing a new project
with your company that could take gas into EPNG,s Hueco compressor
station located in Hudspeth County, Texas.
The preliminary information we can give you in order to move forward
with the project is this:
Receipt point: Transwestern and NNG
Delivery point- Hueco Compress Station
Delivery Pressure- 840 psi
Volume 100,150 and 200 MMBTU/day
Term 10,15 and 20 years.
The information we would like to receive from you is:
1. Permissions you will need to get in order to build the
interconnection FERC, RRC, EPNG, others (timing for those permissions)
2. Time to build the interconnection
3. As we understand, you as interstate pipeline need to post the
capacity at the EBB, how much time would it take?
4. Rates and fuel charges that apply for all your system
(Transwestern and NNG)
5. Estimated cost for the new interconnection facilities.
6. Supply areas that we can access
7. Storage Facilities
We hope that with this information you can run your first numbers about
how we can make this project work and we can have some distance walked
for our upcoming meeting on march 9th, 2001
Thank you in advance for the help and if you have any question don,t
hesitate to give me a call.
Sincerely yours(
Jorge F. Rojas Zepeda
Natural Gas Marketing Transportation
MGI Supply, Ltd.
An affiliate of Pemex Gas y Petroqu?mica B?sica
Phone: 525-232-59-87
mailto:[email protected]
- WINMAIL.DAT |
The Commission held its first open meeting with Pat Wood as the new Chairman today and discussed many interesting issues. The following is a summary of the meeting. The meeting is still going on, and we will provide an addendum to this email updating you on what was discussed this afternoon (regarding market power).
RTOs
Chairman Wood expressed his desire to finish the RTO transition, and that the Commission needs to provide guidance and leadership in order to speed up the RTO transition. Chairman Wood considers the RTO effort on two tracks: 1) organizational -- what will the RTO organizations look like, and 2) substantive -- once you set up the organizations, what will they do.
Organizational Effort: Wood stated that this effort has already begun with the July 12 orders and the Northeast and Southeast mediation efforts. The Commission will be issuing additional orders in the northeast, southeast and Midwest within the next couple of FERC meetings. Wood also stated that it is time for RTO West and Desert Star to "marry up," meaning, I suppose, that the two should consolidate. Wood does not think that California can be included in the western RTO yet since it has lingering problems.
Structural Effort: The Commission will initiate a section 206 proceeding to address market design and structure issues in order to translate the 8 functions established in Order No. 2000 into RTO structures. To achieve this goal, the Commission is establishing an "RTO week" of advanced workshops, from October 15-19, in advance of issuing a NOPR, to address structural issues such as: congestion management; cost recovery; market monitoring; transmission planning; reliability; transmission rights. Wood also envisions that the Commission will develop a new pro forma tariff to replace the existing Order No. 888 transmission tariff. The new tariff will apply to all public utilities and RTOs.
Wood also recognized that some "sticks" are needed to entice RTO participation. Therefore, Wood proposes to have all public utilities come in by December 15, 2001 with a declaration to join an RTO. If they do not make this declaration, these entities will have their market based rate authority revoked on a prospective basis. Furthermore, Wood states that if entities do not join RTOs, they should not be authorized to merge their facilities, and that FERC will also look at their rates to determine whether they are still just and reasonable rates compared with rates offered by RTOs. Wood states that these "sticks" provide incentive, but do not mandate, RTO participation.
With regard to the pending requests for rehearing, Wood asked legal staff to figure out how "FERC can get there." In other words, I think Wood is telling them to develop the legal analysis for denying rehearing.
While Commissioner Breathitt is skeptical about some of these RTO proposals, because she was not required to vote on anything today, she only expressed her concern.
Upcoming Dates
October 15-19 -- RTO Workshops
End of October -- further orders on Northeast, Southeast, Midwest RTOs
December 15, 2001 -- all public utilities must commit to an RTO or have their market based rates revoked
Proposed Rule for Standards of Conduct
Within the next few days, FERC will be issuing a Notice of Proposed Rulemaking ("NOPR") on standards of conduct for transmission providers. As explained at the meeting (we do not have a copy of the NOPR yet), the NOPR will propose to apply standards of conduct uniformly to electric transmission providers and gas pipeline transportation providers similarly. The NOPR also proposes to broaden the definition of affiliate to include all energy affiliates, not just marketers. The standards of conduct would not apply to RTOs and transmission providers who are members of an RTO may ask for an exemption from the standards.
The NOPR will also likely include a proposal that the standards apply to transmission-owners' marketing affiliates that are serving native load customers. As you know, the present standards do not apply to the affiliates of TOs that are only buying and selling power for native load customers. As the interim general counsel noted, these marketing affiliates can go into the control room and have unrestricted interaction with the TO.
There was some discussion of whether it is necessary to apply the standards to affiliates serving native load. Staff told the Commissioners that market participants have been complaining for years about this loop hole in the rules. Pat Wood said they will include the proposal in the NOPR (Breathitt may not support), but if the industry does not support the proposal, FERC will pull it. We of course will strongly support the proposal.
Provision of Adequate Electrical Capacity (ICAP)
Chairman Wood asked Staff to prepare a presentation on reserves and installed capacity requirements. Wood noted that the Commission had to issue an order on ICAP in New England during their recess in August, and he is not that familiar with the issues. Therefore, he asked Staff to prepare a presentation, which they made at the meeting this morning. The presentation will be made public within the next couple of days. In sum, Staff seems to believe that some type of ICAP requirement is needed for reliability.
After the presentation, Wood noted that the New England ICAP order has enough wiggle room to allow the Commission to change its mind once the commissioners better understand the issue. Wood sees that there is a potential conflict between decentralized, competitive markets and the need for sufficient supply (without politically unacceptable, prolonged price spikes).
Commissioner Brownell (from the Pennsylvania PUC) has a better understanding of ICAP and expressed concerns that ICAP may be an outdated tool that acts as a barrier to entry without any definable benefit to customers.
Realizing that there are many positions on this topic, Chairman Wood said he will publish the Staff report and ask for comments by October 17. We will definitely submit comments on this and will include everyone in the drafting process.
Sorry this is so long, but a lot happened today. We will provide a summary of the market power discussion as soon as it is over. Let us know if you have any questions.
Sarah |
Given the nature of the questions I agree verbal is the way to go. I'll try
and arrange. Is tomorrow ok?
Laine A Powell@ENRON_DEVELOPMENT
02/20/2001 08:13 AM
To: Rob G Gay/NA/Enron@Enron
cc: John Guidry/NA/Enron@Enron, Christiaan
Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard Vincent@ENRON
Subject: Questions re: Siemens Negotiations
Rob -
Recommend a call to discuss these issues with Brad. A written response will
probably put us in a letter "do" loop.
rgds
Laine
---------------------- Forwarded by Laine A Powell/ENRON_DEVELOPMENT on
02/20/2001 05:46 AM ---------------------------
Rob G Gay@ENRON
02/14/2001 05:50 PM
To: Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James
Guidry/GCO/Enron@ENRON, Christiaan
Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard Vincent/NA/Enron@Enron
cc:
Subject: Questions re: Siemens Negotiations
We will need to craft a response
---------------------- Forwarded by Rob G Gay/NA/Enron on 02/14/2001 09:20 AM
---------------------------
[email protected] on 02/14/2001 09:43:16 AM
To: [email protected]
cc: [email protected], [email protected], [email protected]
Subject: Questions re: Siemens Negotiations
Rob - We've reviewed your memo which sets forth general points of your
negotiations with Siemens. Following are comments and questions regarding
certain negotiated points:
EOT Claim Agreement
Owner must operate and maintain per O&M manuals and industry practices on oil;
if not, owner must correct items materially affecting Contractor's
commissioning
obligations
We observe that while this point places reasonable responsibility on the Owner
to correct problems that were a result of their commercial operations, it is
introduces an opportunity for the Contractor to place unfounded blame on the
owner for affecting the Contractor's ability to commission.
Risk of Loss remains with owner during commissioning on gas
We understand that the Facility is under the care, custody and control of the
Owner and that the Facility is currently operating under the insurance
coverage
intended for the commercial operating period (versus the construction period).
Please confirm that there is no reason to be concerned about insurance
coverage
if a problem arises resulting in material damage attributable to Contractor
action during commissioning on gas. We are also advising the Lenders to have
this point reviewed by an insurance advisor.
Degradation - agree to use curves with credit to owner for degradation during
commissioning
During our last conference call it was indicated that the first choice was to
test to determine degradation and the alternative was to agree on a set of
curves. It appears that Siemens was unwilling to agree to the test approach.
We observe that the curves used to determine owner credit may be biased to the
benefit of Siemens. We trust that your operations experts will diligently
review the basis for the curves.
Performance LD's on gas per the EPC contract with first $4,000,000 forgiven by
owner
Please explain the rationale behind forgiving $4 million of Contractor LDs.
Delay LD's on gas do not start until 60 days after performance test on gas
During our last conference call it was indicated that there would be a stand
down until 7/1/01 when gas is available, no LDs would be paid related to oil
firing performance, and that the LD clock would start if gas commissioning is
not complete within 60 days. We do not understand the above negotiated point.
Please confirm that our understanding is correct or clarify your negotiated
point.
TAA Agreement
No 12-month look back.
We assume that this negotiated point is related to the time period factored
into
the availability calculation for purposes of determining whether or not an
extension or additional work by the Contractor has been triggered as a result
of
dropping below the availability standards. Please explain how this negotiated
point affects the mechanics of the TAA and also please explain how
availability
will be calculated. As we noted during our last conference call, we are
concerned that Siemens believes that the availability value is not reduced if
maintenance work is being performed during periods when the Facility is not
being dispatched.
12 month Initial Guarantee Period, with the clock suspended for gas
commissioning unless owner delay.
We interpret the above negotiated point to mean that the 12-month clock for
the
initial guarantee period stops during commissioning regardless of how long it
takes the Contractor to commission on gas (unless delays are attributable to
Owner) and re-starts after Contractor has successfully completed the
performance
testing on gas. Please confirm that our understanding is correct.
In order to provide the lenders an adequate warranty period on gas (if
there are additional delays on the P/L) our Insurance group has indicated
that we will have no problem obtaining 12 months renewable business
interruption insurance when we go operational on gas. This should solve
the issue over the revised warranty with Siemens because it covers defects,
design, and workmanship on the turbines and includes lost profits, etc.
Incidentally, for insurance purposes the turbines are designated DE3 which
is not a new technology designation. The duration of BI coverage is 18
months per event with US$150,000 deductible.
Stone & Webster is advising the Lenders to have an insurance advisor review
this
point.
Thanks in advance for your response. Hope all is well.
Regards,
Bradley |
------------------------------------------------------------------------------
------------------------
W E E K E N D S Y S T E M S A V A I L A B I L I T Y
F O R
May 18, 2001 5:00pm through May 21, 2001 12:00am
------------------------------------------------------------------------------
------------------------
SCHEDULED SYSTEM OUTAGES:
ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
AZURIX: No Scheduled Outages.
EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
EDI SERVER: No Scheduled Outages.
ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages
ENRON NORTH AMERICAN LANS: No Scheduled Outages.
FIELD SERVICES: No Scheduled Outages.
INTERNET:
Impact: Internet
Time: Fri 5/18/2001 at 10:30:00 PM CT thru Fri 5/18/2001 at 11:30:00 PM CT
Fri 5/18/2001 at 8:30:00 PM PT thru Fri 5/18/2001 at 9:30:00 PM PT
Sat 5/19/2001 at 4:30:00 AM London thru Sat 5/19/2001 at 5:30:00 AM London
Outage: Upgrade IOS on ENEFW4
Environments Impacted: Internet
Purpose: The new code has bug fixes and stateful failover feature.
Backout: Revert back to old IOS.
Contact(s): John Shupak 713-853-7943
Bryan Aubuchon 713-345-8446
MESSAGING:
Impact: Corp Notes
Time: Fri 5/18/2001 at 9:00:00 PM CT thru Sat 5/19/2001 at 1:00:00 AM CT
Fri 5/18/2001 at 7:00:00 PM PT thru Fri 5/18/2001 at 11:00:00 PM PT
Sat 5/19/2001 at 3:00:00 AM London thru Sat 5/19/2001 at 7:00:00 AM London
Outage: cNotes Server Reboots
Environments Impacted: All users on any of the mailservers listed below
Purpose: Scheduled @ 2 week interval
Backout: Make sure server comes up.
Contact(s): Trey Rhodes (713) 345-7792
Impact: EI
Time: Fri 5/18/2001 at 9:00:00 PM CT thru Sat 5/19/2001 at 1:00:00 AM CT
Fri 5/18/2001 at 7:00:00 PM PT thru Fri 5/18/2001 at 11:00:00 PM PT
Sat 5/19/2001 at 3:00:00 AM London thru Sat 5/19/2001 at 7:00:00 AM London
Outage: EI Notes Server Maintenance
Environments Impacted: EI Local/Domestic/Foreign Sites
Purpose: Scheduled @ 2 week interval
Backout: N/A
Contact(s): David Ricafrente 713-646-7741
MARKET DATA:
Impact: CORP
Time: Wed 5/16/2001 at 4:45:00 PM CT thru Wed 5/23/2001 at 4:45:00 PM CT
Wed 5/16/2001 at 2:45:00 PM PT thru Wed 5/23/2001 at 2:45:00 PM PT
Wed 5/16/2001 at 10:45:00 PM London thru Wed 5/23/2001 at 10:45:00 PM
London
Outage: Market Data Cable Management EB3460
Environments Impacted: All Trading Groups
Purpose: Improve computer room environment. Perform cable management in
order to comply with computer room standards.
Backout: N/A
Contact(s): John Sieckman 713-345-7862
NT: No Scheduled Outages.
OS/2: No Scheduled Outages.
OTHER SYSTEMS:
Impact: Corp, OTS, ETS
DATE: MAY 29, 2001/2/2001 at 5:30:00 PM
Outage: Migrate DSS Server to GTHOU-APPSQ03P
Environments Impacted: DSS users will not be able to access the old server
(ENEDS01_ADAPT)after this date
Purpose: The existing server is outdated, migrating to SQL 2000 provides
increased
functionality and conforms to database platform requirements.
Backout:
Contact(s): Mary Vollmer 713-853-3381
Joe Hellsten 713-853-7346 713-545-4164
Impact: CORP
Time: Sat 5/19/2001 at 10:00:00 AM CT thru Sat 5/19/2001 at 4:00:00 PM CT
Sat 5/19/2001 at 8:00:00 AM PT thru Sat 5/19/2001 at 2:00:00 PM PT
Sat 5/19/2001 at 4:00:00 PM London thru Sat 5/19/2001 at 10:00:00 PM London
Outage: Moving Production Database TDSPROD
Environments Impacted: ENA
Purpose: This database is being moved to give the space it is currently using
to the Enpower database on that server. The new server Refraction will also
allow TDSPROD to expand as well.
Backout: The old instance will be restarted and the TNSNAMES.ORA entry will
be changed to point at the old instance.
Contact(s): John Jahnke 713-345-4398
Impact: CORP
Time: Sat 5/19/2001 at 9:00:00 PM CT thru Sun 5/20/2001 at 12:00:00 AM CT
Sat 5/19/2001 at 7:00:00 PM PT thru Sat 5/19/2001 at 10:00:00 PM PT
Sun 5/20/2001 at 3:00:00 AM London thru Sun 5/20/2001 at 6:00:00 AM London
Outage: Resource addition for server moe.
Environments Impacted: Sitara, PEP, Global
Purpose: Server is memory and cpu constrained.
Backout: Shutdown the server and revert to old configuration.
Contact(s): Malcolm Wells 713-345-3716
SITARA: Also see above
Impact: CORP
Time: Sat 5/19/2001 at 2:00:00 PM CT thru Sun 5/20/2001 at 12:00:00 AM CT
Sat 5/19/2001 at 12:00:00 PM PT thru Sat 5/19/2001 at 10:00:00 PM PT
Sat 5/19/2001 at 8:00:00 PM London thru Sun 5/20/2001 at 6:00:00 AM London
Outage: Resource additionto Sitara server aurora.
Environments Impacted: Sitara production
Purpose: Add needed cpu and memory.
Backout: Remove the newly added resources and restart under the old config.
Contact(s): Malcolm Wells 713-345-3716
SUN/OSS SYSTEM: No Scheduled Outages.
TELEPHONY: No Scheduled Outages
TERMINAL SERVER: No Scheduled Outages.
UNIFY:
Impact: CORP
Time: Fri 5/18/2001 at 3:00:00 PM thru Sun 5/20/2001 at 11:45:00 PM
Outage: Unify Power Production Server Maintenance
Environments Impacted: Unify Users
Purpose: Infrastructure required maintenance
Backout:
Contact(s): Brian Ripley 713-345-4709
Charles Ballmer 713-853-0684
Bob Ward 713-345-4409
SCHEDULED SYSTEM OUTAGES: Australia
Impact: CORP
Time: Sat 19-May-2001 at 10:00:00 AM Sydney thru Sat 19-May-2001 at 3:00:00
PM Sydney
Sat 19-May-2001 at 1:00:00 AM GMT (London) thru Sat 19-May-2001 at 6:00:00
AM GMT (London)
Fri 5/19/2001 at 7:00:00 PM CT (Houston) thru Sun 5/20/2001 at 12:00:00 AM
CT (Houston)
Fri 5/19/2001 at 5:00:00 PM PT (Portland) thru Sat 5/19/2001 at 10:00:00
PM PT (Portland)
Outage: Sydney UPS Test & Service
Environments Impacted: Corp Sydney - all systems
Purpose: Original UPS needs testing & service. Will require Server Room to be
de-powered to allow maintenance.
Backout: Plug equipment into unconditioned power.
Contact(s): Colin Wood +61-416-248-353
Elliott Katz +61-292-292-309
------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE
(713) 853-1411 Enron Resolution Center
Specific Help:
Information Risk Management (713) 853-5536
SAP/ISC
(713) 345-4727
Unify On-Call (713) 284-3757 [Pager]
Sitara On-Call (713) 288-0101 [Pager]
RUS/GOPS/GeoTools/APRS (713) 639-9726 [Pager]
OSS/UA4/TARP (713) 285-3165 [Pager]
CPR (713) 284-4175 [Pager]
EDI Support (713) 327-3893 [Pager]
EES Help Desk (713)853-9797 OR (888)853-9797 |
---------------------- Forwarded by Chris Abel/HOU/ECT on 01/28/2000 08:43 AM
---------------------------
Chris Abel <[email protected]> on 01/19/2000 11:46:57 AM
To: Chris Abel/HOU/ECT@ECT
cc:
Subject: FW: [Fwd: Things I'm Glad I Didn't Say]
-----Original Message-----
From: [email protected] [SMTP:[email protected]]
Sent: Saturday, January 22, 2000 6:19 PM
To: [email protected]; [email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected];
[email protected]; [email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]
Subject: Fwd: [Fwd: Things I'm Glad I Didn't Say]
In a message dated 01/21/2000 5:46:48 PM Central Standard Time,
[email protected] writes:
<< :
Subject: [Fwd: Things I'm Glad I Didn't Say]
1. Question: If you could live forever, would you and why?
Answer: "I would not live forever, because we should not live
forever, because if we were supposed to live forever, then we would live
forever, but we cannot live forever, which is why I would not live
forever."
---Miss Alabama in the 1994 Miss USA contest
2. "Whenever I watch TV and see those poor starving kids all over the
world, I can't help but cry. I mean I'd love to be skinny like that but
not
with all those flies and death and stuff."
---Mariah Carey
3. "Researchers have discovered that chocolate produces some of the
same
reactions in the brain as marijuana. The researchers also discovered
other
similarities between the two, but can't remember what they are."
---Matt Lauer on NBC's Today Show, August 22
4. "I haven't committed a crime. What I did was fail to comply with the
law."
---David Dinkins, New York City Mayor,
answering accusations that he failed to pay his taxes.
5. "Smoking kills. If you're killed, you've lost a very important part of
your
life."
---Brooke Shields, during an interview to become spokesperson for a
federal antismoking campaign.
6. "I've never had major knee surgery on any other part of my body."
---Winston Bennett, Univ. of KY basketball forward
7. "Outside of the killings, Washington has one of the lowest crime rates in
the country."
---Mayor Marion Barry, Washington, DC
8. "We're going to turn this team around 360 degrees."
---Jason Kidd, upon his drafting to the Dallas Mavericks
9. "I'm not going to have some reporters pawing through our papers.
We
are the president."
---Hillary Clinton commenting on the release of subpoenaed documents.
10. "China is a big country, inhabited by many Chinese."
---Former French President Charles De Gaulle
11. "That lowdown scoundrel deserves to be kicked to death by a jackass, and
I'm just the one to do it."
---A Congressional Candidate in Texas
12. "It isn't pollution that's harming the environment. It's the
impurities in our air and water that are doing it."
---Former U. S. Vice-president Dan Quayle
13. "Without censorship, things can get terribly confused in the public
mind."
---General William Westmoreland
And last but not least-a parting word from Dan Quayle:
14. "I love California. I practically grew up in Phoenix."
>>
From: "[email protected]" <[email protected]>
To: "[email protected]" <[email protected]>, "[email protected]"
<[email protected]>, "[email protected]"
<[email protected]>,
"[email protected]" <[email protected]>, "[email protected]"
<[email protected]>, "[email protected]" <[email protected]>
To: "[email protected]" <[email protected]>, "[email protected]"
<[email protected]>, "[email protected]" <[email protected]>
Subject: [Fwd: Things I'm Glad I Didn't Say]
Date: Fri, 21 Jan 2000 17:45:55 -0600
MIME-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Content-Transfer-Encoding: 7bit
---------------------- Forwarded by on 01/21/2000 05:44 PM
---------------------------
Doug Sihvonen
01/21/2000 07:37 AM
To:
cc:
Subject: [Fwd: Things I'm Glad I Didn't Say]
1. Question: If you could live forever, would you and why?
Answer: "I would not live forever, because we should not live
forever, because if we were supposed to live forever, then we would live
forever, but we cannot live forever, which is why I would not live
forever."
---Miss Alabama in the 1994 Miss USA contest
2. "Whenever I watch TV and see those poor starving kids all over the
world, I can't help but cry. I mean I'd love to be skinny like that but
not
with all those flies and death and stuff."
---Mariah Carey
3. "Researchers have discovered that chocolate produces some of the
same
reactions in the brain as marijuana. The researchers also discovered
other
similarities between the two, but can't remember what they are."
---Matt Lauer on NBC's Today Show, August 22
4. "I haven't committed a crime. What I did was fail to comply with
the
law."
---David Dinkins, New York City Mayor,
answering accusations that he failed to pay his taxes.
5. "Smoking kills. If you're killed, you've lost a very important part
of
your life."
---Brooke Shields, during an interview to become spokesperson
for
a federal anti-smoking campaign.
6. "I've never had major knee surgery on any other part of my body."
---Winston Bennett, Univ. of KY basketball forward
7. "Outside of the killings, Washington has one of the lowest crime
rates
in the country."
---Mayor Marion Barry, Washington, DC
8. "We're going to turn this team around 360 degrees."
---Jason Kidd, upon his drafting to the Dallas Mavericks
9. "I'm not going to have some reporters pawing through our papers.
We
are the president."
---Hillary Clinton commenting on the release of subpoenaed
documents.
10. "China is a big country, inhabited by many Chinese."
---Former French President Charles De Gaulle
11. "That lowdown scoundrel deserves to be kicked to death by a
jackass,
and I'm just the one to do it."
---A Congressional Candidate in Texas
12. "It isn't pollution that's harming the environment. It's the
impurities in our air and water that are doing it."
---Former U. S. Vice-President Dan Quayle
13. "Without censorship, things can get terribly confused in the public
mind."
---General William Westmoreland
And last but not least -- a parting word from
Dan Quayle:
14. "I love California. I practically grew up in Phoenix." |
Commenting on his general perception of the settlement conference, the Chief
Judge, in his down home manner, did not miss the opportunity to say that &you
can take a horse to water but you can't make him drink.8 Below is a Cliff
Notes version of the Judge,s report and recommendation issued at 4:49 PM
today. Attached is the complete work.
The Judge opined that very large refunds would be due- &While the amount of
such refunds is not $8.9 billion as claimed by the State of California, they
do amount to hundreds of millions of dollars, probably more than a billion
dollars in an aggregate sum. (At the same time, while there are vast sums
due for overcharges, there are even larger amounts owed to energy sellers by
the CAISO, the investor owned utilities, and the State of California. Can a
cash refund be required where a much larger amount is due the seller? The
Chief Judge thinks not.8 Another notable quote: &(it is the opinion of the
Chief Judge that the amount claimed by the State of California has not and
cannot be substantiated.8
The Judge noted that he submitted a proposal of his own on July 5, which was
summarily rejected by the State of California, and that the five separate
offers of the various industry groups to settle with California were also
rejected.
Refund Effective Date- Refund effective date of October 2, 2000, for sales in
the spot markets of the CAISO and the Cal PX. The Chief Judge,s
recommendations do not go beyond that date. "Spot market" sales are "sales
that are 24 hours or less and that are entered into the day of or day prior
to delivery."
Evidentiary Hearing- &The differences between what the State of California
believes the buyers in the California markets are owed in refunds and what
the sellers in the California market believe should be refunded raise
material issues of fact. The appropriate numbers to calculate potential
refunds involve factual disputes. Thus, the Chief Judge recommends that a
trial-type, evidentiary hearing be ordered limited to a factual record to
apply to the methodology set forth below. Because of the urgent need for an
answer to the refund issues that hearing should be on a 60-day fast track
schedule. It is important that a single methodology be adopted for
calculating potential refunds in this proceeding. However, such a
methodology may not be appropriate for all sellers in the CAISO's and Cal
PX's spot markets in an after-the-fact refund calculation. In any event,
sellers not using the methodology should bear the burden of demonstrating
that their costs exceeded the results of the methodology recommended herein
over the entire refund period.8
Methodology- The Chief Judge recommends that the methodology set forth in the
June 19th Order be used with the modifications discussed below in order to
calculate any potential refunds that may be due to customers in the CAISO's
and Cal PX's spot energy and ancillary service markets for the period October
2, 2000 through May 28, 2001.
Heat Rate- The actual heat rates, rather than hypothetical heat rates
(associated with recreating the must-bid requirement of the June 19th Order)
provide the first step in calculating the cost of the marginal unit.
Gas Cost- The gas costs associated with the marginal unit should be based
upon a daily spot gas price. &In the event that the marginal unit is located
in NP15 (North of Path 15), the daily spot gas price for PG&E Citygate and
Malin should be averaged with the resulting gas price multiplied by the
marginal unit's heat rate to calculate a clearing price for that hour. If
the marginal unit is located in SP15 (South of Path 15), the daily spot gas
price for Southern California Gas large packages should be multiplied by the
marginal unit's heat rate to calculate a clearing price for that hour. The
daily spot gas prices should be for the "midpoint" as published in Financial
Times Energy's "Gas Daily" publication for the aforementioned delivery
points. The last published gas prices should be used in calculating the
refund price for the days that Gas Daily is not published (weekends and
holidays).8
O&M Adder- An adder of $6/MWh for O&M should also be included with the
calculated market clearing price.
Emissions Costs- Demonstrable emission costs should be excluded from the
market clearing price and treated as an additional expense that sellers may
subtract from their respective refund calculation.
Credit Adder- The 10 percent adder should be included in the market clearing
price for all transactions that occurred after January 5, 2001 when PG&E and
SoCal Edison were deemed no longer creditworthy.
Ancillary Services- Consistent with the June 19th Order, ancillary service
prices would be capped at the market clearing price established in the
real-time imbalance energy market. Adjustment bids would also be treated the
same as set forth in the June 19th Order.
Maximum Price for Non-Emergency Hours- Somewhat unclear. The Chief Judge
recommends that for purposes of recreating a competitive market for
calculating refunds, the refund methodology should deviate from the 85%
non-emergency requirement of the June 19th Order. To measure the amount that
actual prices may have exceeded the refund price, every hour should be
recalculated.
Offsets- &Recalculating the hourly competitive price for purposes of a
refund calculation would also permit the Cal PX and CAISO to resettle all
charges for the refund period. Amounts owed to sellers and outstanding
amounts due from buyers would be recalculated. Any refunds could then be
offset against accurate amounts receivable without sellers netting out any of
their purchases from the CAISO and Cal PX during the refund period.8
Interest- Interest should not be charged against any refund amounts unless
the refund amount exceeds the amounts that are past due to the seller. |
----- Forwarded by James D Steffes/NA/Enron on 02/07/2001 08:07 PM -----
Richard Shapiro
02/07/2001 08:50 AM
To: James D Steffes/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Maureen McVicker/NA/Enron@Enron, Ginger
Dernehl/NA/Enron@Enron
cc:
Subject: Dave Barry's thoughts on CA's electrical storage
---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/07/2001
08:54 AM ---------------------------
Ray Alvarez@TRANSREDES
02/07/2001 07:42 AM
To: Richard Shapiro@Enron
cc:
Subject: Dave Barry's thoughts on CA's electrical storage
Rick, thought you might enjoy this alternative theory on the root cause of
Cal's problem. Ray
---------------------- Forwarded by Ray Alvarez/TRANSREDES on 02/07/2001
09:39 AM ---------------------------
Steve Hopper
02/07/2001 08:47 AM
To: Ricky Lynn Waddell/SA/Enron@Enron, John Novak/SA/Enron@Enron, Laine A
Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peter E Weidler/NA/Enron@Enron,
Ray Alvarez/TRANSREDES@TRANSREDES, Doug Farmer/TRANSREDES@TRANSREDES
cc:
Subject: Dave Barry's thoughts on CA's electrical storage
Feb. 2, 2001, 8:06PM
The rest of us should tell California to go fly a kite
By DAVE BARRY
When we consider the serious electricity shortage in California, our
reaction, as concerned Americans, is: Ha ha!
No, seriously, we are alarmed. Because history teaches us that whatever
happens to California -- smog, road rage, tofu, coffee that is mainly air,
cell phones, the belief that abdominal muscles are attractive, Shirley
MacLaine, people taking in-line skating seriously, grandmothers sporting new
and flagrantly inappropriate bosoms -- eventually happens to the rest of the
nation. Thus it is vital that we analyze the California electricity shortage
and see if we can develop a workable solution before we become bored and
change the subject.
Our first question is: What, exactly, is electricity? When we look in our
Microsoft Encarta encyclopedia, we see that "electricity" is defined as a
"class of physical phenomena resulting from the existence of charge and from
the interaction of charges." What does this mean, in lay-person's terms?
It means that whoever wrote the Microsoft Encarta encyclopedia is a big, fat
dope. Because we know from our junior-high-school science training that
electricity is actually a fast-moving herd of electrons, which are tiny
one-celled animals that can survive in almost any environment except inside
a double-A battery, where they die within minutes.
Electrons are formed when clouds rub together and become excited. This was
proved in the famous experiment wherein Benjamin Franklin flew a kite during
a thunderstorm and was almost killed. Encouraged by this success, Franklin
went on to conduct many more electrical experiments, including rolling a
hoop in a thunderstorm, playing hopscotch in a thunderstorm and doing
somersaults in a thunderstorm.
Finally one night he was caught wearing only a bonnet and playing Mister
Pooter Rides the Pony in a thunderstorm, leaving the authorities with no
choice but to arrest him and make him ambassador to France. Nevertheless,
Franklin had proved an important scientific point, which is that electricity
originates inside clouds. There it forms into lightning, which is attracted
to the earth by golfers.
After entering the ground, the electricity hardens into coal, which, when
dug up by power companies and burned in big ovens called "generators,"
turns back into electricity, which is sent in the form of "volts" (also
known as "watts," or "rpm" for short) through special wires with birds
sitting on them to consumers' homes, where it is transformed by TV sets into
commercials for beer, which passes through the consumers and back into the
ground, thus completing what is known as a "circuit."
But enough technical talk. The problem is that California is running out of
electricity. The situation is so bad that in some hospitals, they don't have
enough electricity to power those electric-shock paddles that get people's
hearts started again; instead, the doctors and nurses have to hold hands,
scuff their feet across the carpet in unison, then shout "CLEAR!" as they
touch the patient's chest.
Who is responsible for California's electricity shortage? You could blame
the power companies; or you could blame environmental wackos; or you could
blame the entertainment industry, which uses more than 750 billion watts of
electricity per day just to blow-dry the hair of the cast of Dawson's Creek;
or you could blame (why not?) the Firestone tire company. But you would be
wrong. Because obviously the real cause of the California electricity
shortage is: college students.
I base this statement on widespread observation of my son, who is a college
student, and who personally consumes more electricity than Belgium. If my son
is in a room, then every electrical device within 200 yards of that room --
every light, computer, television, stereo, video game, microwave oven, etc.
-- will be running. My son doesn't even have to turn the devices on; they
activate themselves spontaneously in response to his presence.
Now take my son and multiply him by the number of college students in
California, which according to my research is (EDITOR: Please insert number
of college students in California) and you see my point, which is (EDITOR:
Please insert my point).
The question is: What can the rest of us do to help our fellow
countrypersons in California? The answer is that we can send them our spare
electricity. Just imagine what would happen if all the households in this
great and generous nation got out their extension cords and connected them
together, forming a giant electrical "chain of helping" across the fruited
plain to the Golden State! Millions of people would be turned into generous
smoking lumps of carbon, that's what. So maybe we should go with Plan B.
This involves building a really, really, really big kite.
Knight-Ridder Tribune |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/02/2000
02:01 PM ---------------------------
Jim Dyer <[email protected]> on 05/02/2000 12:04:06 PM
To: "'[email protected]'" <[email protected]>
cc: Sheridan Titman <[email protected]>
Subject: RE: Real Options
Vince,
If you take a cab, ask them to take you to the College of Business
building at the corner of 21st and Speedway. The main entrance to the
business school is on Speedway, across from the old gymnasium. Come in the
main entrance, which has a large, glass structure, and you will be on the
second floor. Go to your left and ride up the first set of escalators to
the third floor. When you step off of the escalators, you'll be facing
north and continue in that direction through two sets of glass doors into
the northern side of the building. This is where most faculty offices are
found. My office is 3.218, which is in the northwest corner of the
building.
If you have any problems, you should be able to ask directions from
most anyone in the halls. I will look for you around 11:00 on Thursday, and
will be happy to provide any other transportation that you need. Please let
me know if you have any other questions.
Jim
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Tuesday, May 02, 2000 9:23 AM
To: [email protected]
Cc: [email protected]; [email protected];
[email protected]
Subject: RE: Real Options
Jim,
I can take a cab or get a rental car from the airport (thanks for your
kind offer).
I shall appreciate, however, if you could drop me off at the hotel before
dinner.
The time allocation for my speech is about right. I think I shall need
about 90
minutes.
Please let me know where we can meet on Thursday. I shall be at an
off-site
on Wednesday but you can reach me on my cell phone (713 410 5396)
and by sending a cc message to my AOL address: [email protected].
I look forward to meeting you.
Vince
Jim Dyer <[email protected]> on 05/01/2000 01:42:44 PM
To: "'[email protected]'" <[email protected]>
cc: Sheridan Titman <[email protected]>
Subject: RE: Real Options
Vince,
I could pick you up at the airport, or you could rent a car and come
to campus. I have made tentative plans for us to go to lunch with some
other faculty between 11:30 and 12:00, and then you would have some time to
visit with Sheridan and perhaps with some other faculty members as well
between lunch and my class.
Sheridan and a guest speaker from his class, Suresh Sundaresan from
Columbia, will be joining us for dinner. I could provide transportation to
your hotel, and pick you up for dinner as well if you consider that to be
the most convenient alternative.
I will have a PC available in the classroom, with Office 2000 and
windows NT. You could use powerpoint with no difficulty from that machine,
if that's most convenient. You could simply email the presentation, and I
would have it for you if you prefer.
How much time would you like? I would like to reserve about 30
minutes at the end for a general discussion of issues related to real
options, and about 30 minutes at the beginning of class for some remarks
regarding the final assignment and a class evaluation by the students
(which
is required for all classes). At some point, we should take a brief break,
so that would leave approximately 1.5 to 2 hours for your presentation if
you would like that flexibility. Otherwise, I could take up the "slack".
I look forward to seeing you on Thursday.
Jim
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Friday, April 28, 2000 11:21 AM
To: [email protected]
Cc: [email protected]; [email protected]
Subject: Re: Real Options
Jim,
I am scheduled to arrive in Austin on May 4 at 10:32 a.m.
I shall be glad to join you and a group of your colleagues for lunch.
I am flying back to Houston Friday morning and we can meet for dinner
after
the class.
I shall have a Power Point presentation on my PC. I can also
prepare a set of transparencies if this is more convenient for you.
Vince
Jim Dyer <[email protected]> on 04/27/2000 05:44:51 AM
To: "'[email protected]'" <[email protected]>
cc: Sheridan Titman <[email protected]>
Subject: Real Options
Vince,
I am traveling at this time, attending a NSF meeting in Washington.
However, I wanted to touch base regarding plans for your presentation in my
class on real options next Thursday (May 4). As you recall, the class is
from 3:30 to 6:30, and you could plan to take a significant part of that
time for your presentation. Sheridan Titman has agreed to join us after
his
class at about 6:00 for a 30 minute "panel discussion" with the students on
issues related to real options in practice.l
I am not sure about your travel plans, but we would be happy to plan
lunch on Thursday with several of my colleagues. I would also be delighted
to be your host for dinner on Thursday night if that is convenient for you.
I'll be back in my office on Monday, and will look forward to
hearing from you.
Jim
James S. Dyer
Fondren Centennial Chair in Business
Department of Management Science and Information Systems
CBA 5.202
The University of Texas at Austin
Austin, Texas 78712-1175
Email: [email protected]
Telephone: 512-471-5278
Fax: 512-471-0587 |
I have just spoken at length with Richard Smith regarding certain of the
concerns raised in the e-mail below.? Richard's main concerns were as follows:
1.? As to filing of a claim for equity interests held, Richard indicates that
this is not common practice and there may not be any provision for it in Thai
bankruptcy law.? The claims to be filed are "applications for debt
repayment", which are intended to set forth a fixed sum of which the creditor
seeks payment.? Given the nature of equity investments, they do not really
fit into the governing Thai bankruptcy law provisions.? Richard is following
up with his Thai partner to further explore this issue, and I will be
speaking with both of them later today.
2.? As to the contingent indemnification claims, Richard advises that the
"application for debt repayment" must state a claim in a fixed amount.?
Again, he is going to consult with his Thai partner on this issue, but his
suggested approach is to file the claims as follows:? (1) with respect to the
pending litigation, in the face amount of the claims asserted against the
defendants (as an approximation of the potential maximum exposure); and (2)
with respect to any potential litigation, in the total face amount of the
bond issuances (also as an approximation of potential maximum exposure).? Two
areas of greater uncertainty are any claims for legal fees and/or punitive
damages, which obviously are not readily quantifiable.
I will keep you advised of our further discussions on these issues.?
-----Original Message-----
From: Eammongkolchai, Pichitphon
[mailto:[email protected]]
Sent: Thursday, August 03, 2000 9:17 AM
To: 'Lisa Mellencamp'; [email protected]; [email protected];
[email protected]; '[email protected]'
Cc: Richard B Sanders; Linda Simmons; Deb Korkmas; Donna Lowry;
Okanurak, Wilailuk; Dunn, Charles; Smith, Richard; Phungmaha, Ajaree
Subject: NSM - Claim Filing
We write further to our telephone discussion with Deb Korkmas this evening
(our time) in relation to the above matter.
As discussed during the course of our telephone discussion, there are a
number of outstanding issues that, bearing in mind the 12 hour time
difference between Bangkok and you and the deadline of the claim submission
which is on Monday 7 August, we would require them to be settled by Friday.
1.????? Claim amounts
We note from the documentation so far received by us and your e-mail
yesterday that the following entities will claim under the following
agreements:
1.1???? Enron North America Corp. wishes to claim for the principal amount
outstanding and the interest outstanding for the Notes under the Security
Purchase Agreement, Indenture and Guarantee.? We would appreciate it if this
could be confirmed and also the definite amount of principal and interest
that is to be claimed.
1.2???? Enron North America Corp. wishes to claim for the shares (equity),
as listed in the Shareholders Agreement, held by it in NSM.? However, having
reviewed the documentation so far received by us we are unsure as to the
legal grounds under which Enron North America Corp is entitled to claim this
sum.? Could you please clarify the nature of this claim.
1.3???? ECT Thailand Investment Inc. wishes to claim for the shares
(equity), as listed in the Securities Purchase Agreement, held by it in NSM.
However, as in 1.2 above, having reviewed the documentation received by us
we are unsure as to the legal grounds under which ECT Thailand Investment
Inc is entitled to claim this sum.? Could you please clarify the nature of
this claim.
1.4???? ECT Securities Limited Partnership wishes to claim for any
contingent liability that they may be subject to as a result of the
litigation undertaken by Farallon Capital, et al. and Legg Mason Income
Trust, Inc., et al.? As discussed, the sums which are allowed to be claimed
have to be fixed sums as of the date on which the court granted an order to
reorganise NSM's business, i.e. 8 May 2000.? It would appear to us that,
asides from the legal fee sums, an exact sum for the contingent liabilities
cannot be ascertained at this time. I would, therefore, appreciate
clarification of how this is to be determined, otherwise the claim amount
may have to be the full potential liabilities as claimed in the two
litigation cases.
2.????? Documentation
As discussed, we also require the following documentation which we
understand will be faxed to us during the course of today.
2.1???? Corporate documents of the 3 entities making claims
2.2???? Evidence of the change in the entities name if different from the
name in the relevant agreements
2.2???? Debenture Certificate (either global or definitive)
2.3???? Evidence of the payment purchase price
2.4???? A copy of the Notice of the Event of Default or demand letters as
sent by the Trustee (if any)
2.5???? The "Definition and Rules of Usage" as defined in the Shareholders
Agreement (in addition, we do not know whether your claims in relation to
the Shareholders Agreement are related to certain documents as described
therein, e.g. Management Agreement, Enron Purchase Agreement, if they are
related, we would require copies of such agreements as well)
2.6???? Tables setting out all amounts (i.e. principal, interest, expenses,
etc.) being claimed by the 3 claiming entities
As mentioned in our discussion, in order to complete the application on time
we would really need to have everything in place by Friday, given the
deadline of the claim submission is on Monday, 7 August.? We would,
therefore, appreciate it if you could reply to all of the above outstanding
issues by today (your time) so that if there are any further outstanding
issues we can try and clarify these during the course of tomorrow (our time)
and perhaps during the weekend.? You may either respond to this email or
alternatively call my mobile phone (661) 619 1262 or Richard Smith's mobile
phone (661) 611 1184.
Best regards
Pichitphon Eammongkolchai / Richard Smith
____________________________________________________________
This message is confidential. It may also be privileged or
otherwise protected by work product immunity or other legal
rules. If you have received it by mistake please let us know
by reply and then delete it from your system; you should not
copy the message or disclose its contents to anyone.
____________________________________________________________
This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer. |
Start Date: 4/22/01; HourAhead hour: 22; HourAhead schedule download failed.
Manual intervention required.
LOG MESSAGES:
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042222.txt
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-----Original Message-----
From: Ken Lay - Office of the Chairman
Sent: Friday, November 09, 2001 5:49 PM
To: DL-GA-all_enron_worldwide1
Subject: Enron Announces Plans to Merge with Dynegy
Today, we announced plans to merge with Dynegy, a major player in the energy marketplace and one of our largest counterparties. Dynegy is a great company with businesses very similar to our own. We believe merging with Dynegy is the best option to preserve our core businesses that you've worked so hard to build. Following are the major components of the transaction.
Deal Terms
-- The transaction will constitute a stock for stock exchange based on an exchange ratio of 0.2685 Dynegy shares for every Enron share. For example, each 1,000 shares of Enron stock will be converted to 268 shares of Dynegy upon closing, plus cash for fractional shares, upon closing.
-- ChevronTexaco owns approximately 26 percent of Dynegy's outstanding common stock. ChevronTexaco will invest $1.5 billion in Dynegy immediately and an additional $1 billion in Dynegy on closing of the merger. Dynegy will immediately invest $1.5 billion in cash in Enron's Northern Natural Gas subsidiary in exchange for preferred stock in Northern Natural Gas.
-- Total outstanding shares of the combined company are expected to be approximately 700 million shares.
-- The transaction is subject to shareholder and regulatory approvals, and is expected to close late next year.
Enron will have immediate access to Dynegy's $1.5 billion cash investment in Enron's Northern Natural Gas subsidiary.
Management of Newly Formed Company
Chuck Watson will be chairman and CEO of the newly formed company, which will be called Dynegy Inc., and Steve Bergstrom will be president and COO.
I will continue to serve as chairman and CEO of Enron until the transaction closes. I will not join the Dynegy Office of the Chairman. Greg Whalley will continue to serve as president and COO of Enron until the transaction closes. Then he will become an executive vice president of the new company and will join the Dynegy Office of the Chairman. Mark Frevert will continue as vice chairman of Enron.
Management from Enron and Dynegy will work together to ensure a smooth, efficient integration. The make-up of the integration team has not yet been determined.
The merger will be a long and complex process and is expected to close by the end of the third quarter 2002. This merger will create an enormous growth engine, providing great opportunities for our employees, shareholders and customers. As with any merger, some elimination of positions is almost inevitable, and one of our key tasks will be to identify the optimal structure of the new company. We hope to be able to address any need for work force reductions through attrition and hiring reductions. Clearly, we cannot rule out involuntary separation, but Dynegy is motivated to identify and retain the best talent from both organizations. I promise you that I will do everything I can to make this transition as smooth as possible.
As I said in my video, this is a day like no other in our company's history. We considered several options, but we believe that this merger with Dynegy is the best option to help rebuild investor and market confidence, strengthen our balance sheet and preserve our core businesses.
I know you have a lot of questions about this transaction and about next steps. We have a list of frequently asked questions posted at <http://home.enron.com/updates/>. If you have additional questions, please submit them to [email protected] <mailto:[email protected]>. We will post updates as soon as we have answers to your questions. If you receive any calls from the media, please refer them to our media team at (713) 853-5670.
I ask you to consider the enormously bright future of the newly formed company. Rather than closing doors, we are opening new ones, as this deal enables the customers and shareholders of both companies to participate in the tremendous benefit of the combined enterprise, including our market reach, financial strength and industry experience. Together, we will be a new merchant powerhouse.
And again, thank you for everything you have done for Enron.
Investors and security holders are urged to carefully read the joint proxy statement/prospectus regarding the proposed transactions when it becomes available, because it will contain important information. Investors and security holders may obtain a free copy of the joint proxy statement/prospectus (when it is available) and other documents containing information about Dynegy and Enron, without charge, at the SEC's web site at www.sec.gov. Copies of the joint proxy statement/prospectus and the SEC filings that will be incorporated by reference in the joint proxy statement/prospectus may also be obtained for free by directing a request to either: Investor Relations, Dynegy Inc., 1000 Louisiana, Suite 5800, Houston, TX 77002, Phone: (713) 507-6400, Fax: (713) 507-6808; or Investor Relations, Enron Corp., 1400 Smith Street, Houston, TX 77002, Phone: (713) 853-3956, Fax: (713) 646-3002.
In addition, the identity of the persons who, under SEC rules, may be considered "participants in the solicitation" of Dynegy and Enron shareholders in connection with the proposed transactions, and any description of their direct or indirect interests, by security holdings or otherwise, are available in an SEC filing under Schedule 14A made by each of Dynegy and Enron. |
Summary:
Late night efforts by the California assembly to craft a legislative solution
are falling short of market and creditor expectations. Bankruptcy appears
increasingly likely, but the dynamics of a Ch.11 proceeding remain unclear.
SoCal Edison is likely to be the first in Ch.11 following its suspended
payments to creditors yesterday and is now in a 30 day cure period. Attempts
to bring in the assets of the parent companies are unlikely to succeed.
Bankruptcy would provide Davis with some political cover to implement the
tough decisions that he has so far avoided on the questions of rate hikes and
other costs to taxpayers connected to the proposed operations of the
California Power Authority.
1. Legislation Passes Assembly, But Generators and Consumers Remain Unhappy
The first legislation (AB 1X) passed the California general assembly last
night, but both generators and consumers are unhappy with the terms.
Generators object to the 5.5 cent per KW/H price in the proposed long-term
contract, while consumer groups such as the Foundation for Taxpayer and
Consumer Rights object to the state acting as a purchaser of power. The
legislation is expected to pass the Senate today and to be signed by Governor
Davis as early as tonight.
Press and source reporting this morning confirms that the principal financial
creditors and utility analysts are also unimpressed with the bill, which is
viewed as insubstantial and falling short of creating a solution to the
financial pressures on the utilities.
2. Financial Institutions Exposure to California Utilities
Bank of America: $215 million
J.P. Morgan: $202 million
There is a total of $12 billion in outstanding loans, but much of this
(arranged by Societe General) is to the parents National Energy Group and
Edison International. The $417 million mentioned above is the most immediate
concern. The Southern California Edison loans are subject to immediate
repayment in the aftermath of yesterday's rating downgrade to junk status.
The Fed will not be involved, except in a routine way as a bank regulator
making sure that the appropriate risk reserves are made against the
utilities' loans and securities. There is no moral hazard here, because the
Fed is not going to guarantee any of the utilities' credits, which, by the
way, they do not have the authority to do.
3. PG&E/National Energy Group- Shielding Assets
Despite considerable anger at PG&E for reorganizing to shield its profitable
assets from its debt-plagued utility business, it would seem that Davis has
little authority to intervene. The question of "fraudulent conveyance", which
is a term in bankruptcy law for transferring assets to favored parties not
long before a filing (which transfer can then be reversed by the court) would
not seem to apply here, since PG&E went through a regulatory process before
FERC to seek approval for the reorganization on Friday. While courts are
reluctant to overturn regulatory agencies, impaired creditors in a bankruptcy
proceeding could attempt an appeal.
4. Involuntary Bankruptcy- Which Creditor Moves First?
As for who is likely to move first, it is typically the smaller creditors or
those who won't receive a good price on post-petition business. In this
situation our source does not know who that would be, but believes it is more
likely that the utilities will file a voluntary petition before one of their
major creditors files an involuntary petition.
If Dynergy files a petition with a federal bankruptcy court today, the debtor
utilities can delay the process for weeks if they choose to, particularly
since there is no allegation of fraud or criminal misappropriation of
assets. In bankruptcy proceedings (which is what is going on here), this
sort of talk by a creditor such as Dynegy is just the usual "polite
conversational opener," akin to comments about the weather or inquiries about
one's family's health.
5. Edison Teetering on the Brink- Moves Into 30 Day Cure Period
Yesterday, Southern California Edison temporarily suspended a $230 million
bond principal and interest payments as well as $151 million to suppliers of
renewable power and $215 million due to the California PX. Both utilities
are under severe short-term debt pressure, but Edison is in the worst
position.
Edison
Due Thursday: Dynegy note; Dynegy has threaten to take take Edison into
bankruptcy court if they default
PG&E
Current available: $500M in cash and reserves
Due Feb:
1st - $580M to ISO
15th - $431M to California Power Exchange
Contrary to press reports and leaks from the Governor's office yesterday
about political brinksmanship, Edison is clearly not playing negotiating
games and is really short of cash. In this situation, it is unlikely that its
executives will be making fraudulent statements. The bonds on which they
failed to pay would have a 30-day cure period. After that the trustees will
move on Edison, if Edison has not already filed. They have three ways of
financing power purchases going forward: 1) the state continues to buy power
and sell Edison (and PG&E) power on a short-term basis under existing
authority; or 2) pending the passage of today's legislation, the state
legislature authorizes the purchase of power through long-term contracts
under the proposed borrowing authority; or 3) Edison files for reorganization
under Chapter 11 and obtains almost immediately superpriority post-petition
lines of credit secured against its unmortgaged assets, which it uses to pay
for power until the PUC and the rest of the state government recognize that
rates have to increase.
6. New Hampshire Experience A Guide for Davis?
Following the bankruptcy of the Public Service Company of New Hampshire, the
bankruptcy judge was authorized by a higher court to mandate rate hikes. The
prospect of imposed rate hikes from the bankruptcy court caused the state
government to subsequently determine that rate hikes to consumers were
unavoidable, passing a seven year rate hike of 7.5 percent.
For Davis, a similar scenario would provide him with some political cover, if
he were forced by the bankruptcy court to pass through rate hikes as part of
a settlement. |
---------------------- Forwarded by Sandra F Brawner/HOU/ECT on 01/08/2001
01:45 PM ---------------------------
"Pamela Anderson" <[email protected]> on 01/07/2001 09:23:07 PM
To: "Lisa Barnwell" <[email protected]>, "Terri Bailey" <[email protected]>,
"Susan Schnitzer" <[email protected]>, "Sue Caldwell"
<[email protected]>, "Strphanie Friedhoff"
<[email protected]>, "Stafford, John"
<[email protected]>, "Sandra Brawner"
<[email protected]>, "Pedersen, Julie" <[email protected]>,
"Patricia DeMamiel" <[email protected]>, "Pat Whitty"
<[email protected]>, "Nancy Gilbertson" <[email protected]>,
"Virginia Taylor" <[email protected]>, "Morris, Lamar (SUGARCREEK XGH
317)" <[email protected]>, "Lee McKinzie" <[email protected]>,
"Lamar Morris" <[email protected]>, "Kody Newland"
<[email protected]>, "Kathy Bennett" <[email protected]>,
"Kathleen Kennedy" <[email protected]>, "Kandy Daniel" <[email protected]>,
"Jerry Anderson" <[email protected]>, "Hough, Lisa"
<[email protected]>, "Hadnott, Wanna H." <[email protected]>,
"Gregg Anderson" <[email protected]>, "Dillard, Kari K" <[email protected]>,
"Diana Ayers" <[email protected]>, "Denise Mosely" <[email protected]>,
"Dayna Erck" <[email protected]>, "Dayna Erck" <[email protected]>, "Dawn
Doga" <[email protected]>, "David Dutch" <[email protected]>, "Chris
Papousek" <[email protected]>, "Carol Buckley" <[email protected]>,
<[email protected]>, "Brian Spack" <[email protected]>, "angie
schniers" <[email protected]>, "Amanda C. Herzer"
<[email protected]>, "Ted Erck" <[email protected]>
cc:
Subject: Fw: Time & Friends
----- Original Message -----
From: Kevin Cokinos <[email protected]>
To: Pamela Anderson <[email protected]>
Sent: Sunday, January 07, 2001 6:18 PM
Subject: Fw: Time & Friends
>
>
> -------------Forwarded Message-----------------
>
> From: "Rocky Stevens", INTERNET:[email protected]
> To:
> Date: 1/6/2001 11:44 AM
>
> RE: Fw: Time & Friends
>
>
>
> ----- Original Message -----
> From: "Rocky Stevens" <[email protected]>
> To: "Rocky Stevens" <[email protected]>
> Sent: Saturday, January 06, 2001 11:52 AM
> Subject: Fw: Time & Friends
>
>
> >
> >
> >
> >
> > > TIME AND FRIENDS
> > > > > > > >
> > > > > > > >
> > > > > > > >
> > > > > > > >Imagine there is a bank that
> > > > > > > >credits your account each morning
> > > > > > > >with $86,400. It carries over no
> > > > > > > >balance from day to day. Every
> > > > > > > >evening deletes whatever part of
> > > > > > > >the balance you failed to use
> > > > > > > >during the day. What would you
> > > > > > > >do? Draw out ALL OF IT, of
> > > > > > > >course!!!!
> > > > > > > >
> > > > > > > >Each of us has such a bank. Its
> > > > > > > >name is TIME. Every morning, it
> > > > > > > >credits you with 86,400
> > > > > > > >seconds.
> > > > > > > >
> > > > > > > >Every night it writes off, as
> > > > > > > >lost, whatever of this you have
> > > > > > > >failed to invest to good purpose.
> > > > > > > >It carries over no balance. It
> > > > > > > >allows no overdraft.
> > > > > > > >
> > > > > > > >Each day it opens a new account
> > > > > > > >for you. Each night it burns the
> > > > > > > >remains of the day. If you fail
> > > > > > > >to use the day's deposits, the loss is yours.
> > > > > > > >
> > > > > > > >There is no going back.
> > > > > > > >There is no drawing against the "tomorrow."
> > > > > > > >You must live in the present on today's deposits.
> > > > > > > >Invest it so as to get from it
> > > > > > > >the utmost in health, happiness,
> > > > > > > >and success! The clock is running.
> > > > > > > >Make the most of today.
> > > > > > > >
> > > > > > > >To realize the value of ONE YEAR,
> > > > > > > >ask a student who failed a grade.
> > > > > > > >
> > > > > > > >To realize the value of ONE MONTH,
> > > > > > > >ask a mother who gave birth to a premature baby.
> > > > > > > >
> > > > > > > >To realize the value of ONE WEEK,
> > > > > > > >ask the editor of a weekly newspaper.
> > > > > > > >
> > > > > > > >To realize the value of ONE HOUR,
> > > > > > > >ask the lovers who are waiting to meet.
> > > > > > > >
> > > > > > > >To realize the value of ONE MINUTE,
> > > > > > > >ask a person who just missed the train.
> > > > > > > >
> > > > > > > >To realize the value of ONE-SECOND,
> > > > > > > >ask a person who just avoided an accident.
> > > > > > > >
> > > > > > > >To realize the value of ONE MILLISECOND,
> > > > > > > >ask the person who won a silver medal in the
> > > > > > > >Olympics.
> > > > > > > >
> > > > > > > >Treasure every moment that you have!
> > > > > > > >And treasure it more because you shared it with
> > > > > > > >someone special, special enough to spend your
> > > > > > > >time.
> > > > > > > >
> > > > > > > >And remember that time waits for no one.
> > > > > > > >Yesterday is history.
> > > > > > > >Tomorrow is a mystery.
> > > > > > > >Today is a gift.
> > > > > > > >That's why it's called the present!!!
> > > > > > > >
> > > > > > > >It's National Friendship Week.
> > > > > > > >Friends are a very rare jewel,
> > > > > > > >indeed. They make you smile and
> > > > > > > >encourage you to succeed.
> > > > > > > >They lend an ear, they share a word of
> > > > > > > >praise, and they always want to
> > > > > > > >open their heart to us.
> > > > > > > >
> > > > > > > >Send this to everyone you
> > > > > > > >consider a FRIEND.
> > > > > > > >If it comes back to you
> > > > > > > >know you have a circle of friends
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> >
> >
>
>
>
>
>
> ----------------------- Internet Header --------------------------------
> Sender: [email protected]
> Received: from mail.engee.net (mail.netsential.com [209.113.126.3])
> by sphmgaaa.compuserve.com (8.9.3/8.9.3/SUN-1.9) with ESMTP id MAA03508;
> Sat, 6 Jan 2001 12:44:49 -0500 (EST)
> Received: from rocky2 ([208.191.150.97]) by mail.engee.net
> (Post.Office MTA v3.5.3 release 223 ID# 0-62453U1000L100S0V35)
> with SMTP id net; Sat, 6 Jan 2001 11:44:45 -0600
> Message-ID: <[email protected]>
> Reply-To: "Rocky Stevens" <[email protected]>
> From: [email protected] (Rocky Stevens)
> To: <Undisclosed-Recipient:;>
> Subject: Fw: Time & Friends
> Date: Sat, 6 Jan 2001 11:58:10 -0600
> Organization: Amelang Partners, Inc.
> MIME-Version: 1.0
> Content-Type: text/plain;
> charset="iso-8859-1"
> Content-Transfer-Encoding: 7bit
> X-Priority: 3
> X-MSMail-Priority: Normal
> X-Mailer: Microsoft Outlook Express 5.50.4133.2400
> X-MimeOLE: Produced By Microsoft MimeOLE V5.50.4133.2400
>
> |
Wanted to give you brief feedback on our efforts to become the 1st Fortune
500 Company that has a 100% green headquarters. We've established a
company-wide team and a working plan going forward, which includes:
1. EES commodity team is going to run the numbers for energy commodity for
facilities and give them a proposal by end of next week. While facilities
will not be part of the TX pilot, EES can arrange a financial deal for them
w/ an option of going physical on 1/1/02. EES commodity team will also let
the group know of the offer, in order to structure the REC deal. Depending
upon the savings that EES can offer to Facilities, we will determine any
"headroom" for REC purchases.
Note: It is not necessary for Facilities to sign a commodity deal w/ EES in
order for the "greening" of the building to go forward. The RECs can be
purchased and retired irrespective of the commodity deal with EES. HOWEVER,
it would be optimum for Facilities to sign on w/ EES and use the cost savings
toward purchase of the RECs. Facilities stated intent to do the latter.
2. Michael Payne and Mike Curry are going to be working on determining a cost
for the RECs. Michael initially projected $250,000 per year for the
requisite number of RECs to retire commensurate w/ the demand of the
building. This was at a cost of $8 per REC, which I believe is quite high.
I think they'll go for a $1-4 dollar range, bringing the cost down to a max
of $125,000. There's several ways to slice this end. We can provide some of
the RECs from the EWC facility and buy other RECs from the market in order to
minimize the cost impact of the REC purchases.
3. Next Thursday we will be able to get more of an exact figure on the
premium cost for the RECs (ie how much over the cost savings will the RECs
cost). We will then need to decide the following:
a. Would Corp/EHS being will to pitch in to cover any additional cost for
the RECs;
b. Pitching the idea to Skilling for buyoff, and payment for the RECs;
c. Possibly getting buyoff from the business units since this could change
what they are currently paying for power.
4. We discussed all of the above with Peggy Mahoney, and she asked us to take
a stab at a comprehensive press release announcing all of the bells and
whistles on the new building and our being the 1st Fortune 500 company to go
100% green in our headquarters. Catherine McKalip Thompson is working on
the first draft. We need to determine if we can get the "best" press for
this commitment (i.e. stories in the WSJ and NY Times). We determined that
the message would need to be targeted, specifying the terms of our
commitment....i.e. Enron makes a commitment for 3 years to provide 100% green
for its headquarters in Houston, making it the first Fortune 500 company
to.......
The goal is to have a final plan and decision by April 20th when Steve speaks
to high level executives at a prelude to Earth Day NY on the topic of Energy
Shock--Crisis or Opportunity: Building Economics and the Environment.
Mike, we'll definitely need your continued support and assistance,
particularly if this goes to Skilling. I'll keep you posted on the progress.
Stacey
----- Forwarded by Stacey Bolton/NA/Enron on 03/22/2001 03:14 PM -----
Stacey Bolton
03/22/2001 10:14 AM
To: Scott Gahn/HOU/EES@EES, James M Wood/HOU/EES@EES, Greg
Sharp/HOU/EES@EES, Richard Ring/HOU/EES@EES, Steve Woods/EPSC/HOU/ECT@ECT,
Michael Payne/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike
Curry/Enron@EnronXGate, Stan Dowell/HOU/EES@EES, Catherine
McKalip-Thompson/Enron Communications@Enron Communications, Peggy
Mahoney/HOU/EES@EES
cc: Michael Terraso/OTS/Enron@ENRON
Subject: Greening the Enron Building Mtg
The meeting is confirmed for today at 2:00 p.m. in 50 M03. There are a
couple of folks dialing in, and the number is 800-991-9019, passcode:
6775293#. I look forward to our discussion.
----- Forwarded by Stacey Bolton/NA/Enron on 03/22/2001 10:05 AM -----
Stacey Bolton
03/16/2001 05:04 PM
To: Scott Gahn/HOU/EES@EES, James M Wood/HOU/EES@EES, Greg
Sharp/HOU/EES@EES, Richard Ring/HOU/EES@EES, Steve Woods/EPSC/HOU/ECT@ECT,
Michael Terraso/OTS/Enron@ENRON, Michael
Payne/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike Curry/Enron@EnronXGate
cc: Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Peggy
Mahoney/HOU/EES@EES, Janel Guerrero/Corp/Enron@Enron, Jeffrey
Keeler/Corp/Enron@ENRON, Catherine McKalip-Thompson/Enron
Communications@Enron Communications
Subject: Greening the Enron Building Mtg
You are invited to a meeting next Thursday (3/22) afternoon at 2:00 to
discuss energy commodity and renewable energy credits for the Enron Building,
Center and Stadium. There are a few efforts that are going on simultaneously
and I thought it would be a good idea for all of us to meet and get on the
same page. As many of you might know, Enron Wind (Michael Payne) and ENA
(Mike Curry) have a great proposal to retire renewable energy credits from
our Enron Wind facility to match the consumption of the building and stadium
(details attached below). If this proposal goes forward, Enron would be the
1st Fortune 500 company to "go green" in its headquarters building. Couple
this w/ our energy star award, and we have GREAT environmental messaging.
We'd like to highlight this announcement on Earth Day (April 22nd).
The facilities folks are interested in switching from Reliant to EES for
actual commodity. It makes sense to work strategically together on win-win
proposal that will not only make sense economically, but that we can use in
our messaging. The focus of the meeting is to discuss the various proposals,
and steps for moving forward.
The meeting will be in EB50MO3 from 2:00-3:00. Please let me know if you or
someone from your group can attend.
Stacey Bolton
Environmental Strategies
Enron Corp
3-9916 |
David:
Do you have a simulation set up that will allow me to simulate trades by
pushing a buy or sell button and will move the two way so i can try
simulating actual market cicumstances?
From: David Forster/ENRON@enronXgate on 05/08/2001 09:55 AM
To: John Arnold/HOU/ECT@ECT
cc: Savita Puthigai/ENRON@enronXgate
Subject:
John,
You might recall we spoke a few weeks ago about a system with more
intelligence for out-of-hours trading than just leaving the products on Last
Trade is Mid.
Attached is a suggestion for how such a system might work. It builds on
Offset to Last Trade functionality.
The simplified description is: It tracks two variables: Intensity(Speed) and
Bias (Buy or Sell emphasis). As Intensity increases, the Spread increases.
As Bias increases, the Offset increases.
I'll call later to see what you think of the idea.
Dave
Program Criteria
The formula which defines the trading decision-making program will need to
work with several criteria/inputs/definitions. These might be:
Intensity (Speed) - The average time between transaction attempts, regardless
of whether they are buys or sells. Measured as a moving average over the last
[Intensity Factor] transactions by comparing the timestamp of the transaction
Tibco messages for the Product.
Obviously, the lower the Intensity calculation, the higher the transaction
flow. Therefore a high Intensity number indicates low transaction flow.
Intensity Factor - The number of transactions to be included in the moving
average Intensity calculation. A possible value for this might be [4].
#Buys - The number of Buys which have occurred.
#Sells - The number of Sells which have occured.
Transaction Count - Could be either #Buys or #Sells (whichever last occured).}
Buy Offset - The Offset value which will be applied if a Buy occurs.
Sell Offset - The Offset value which will be applied if a Sell occurs.
Offset Reversion Ratio (ORR)- The amount by which the Buy Offset should be
reduced if a Sell occurs (or amount Sell Offset should be reduced if a Buy
occurs). A possible value for this might be [0.3]. If the application of the
ORR results in a reduction of less than 1, then the reduction shall be 1.
Transaction Reversion Ratio (TRR)- The amount by which #Buys should be
reduced if a Sell occurs (or amount #Sells should be reduced if a Buy
occurs). A possible value for this might be [0.3]. If the application of the
TRR results in a reduction of less than 1, then the reduction shall be equal
to 1.
Spread Minimum - The minimum Spread value allowed. A possible value for this
might be [0.04]
Spread Maximum - The maximum Spread value allowed. A possible value for this
might be [0.50]
Offset Minimum - The minimum Offset allowed for both Buys and Sells. A
possible value for this might be [0].
Offset Maximum -The maximum offset allowed for both Buys and Sells. A
possible value for this might be [0.50]
Initial Offset - The Buy and Sell Offset used when the program is started
Initial Spread - The Spread used when the program is started
Spread-Offset Minimum - The minimum amount by which Spread must exceed
Offset. Prevents a possible arbitrage opportunity for the customer. A
possible value for this might be [0.01]
Dead Interval - The period of time which must pass before the program will
recalculate the above Criteria, if no transactions have taken place during
the Dead Interval. A possible value for this might be [240] seconds.
Program Outputs
The program should output the following variables as a result of combining
the above Criteria in a user-defined Formula:
Spread (integer) - as per current Stack Manager
Offset (integer) - as per current Stack Manager
Suspension (boolean) - Whether or not the Product should be suspended.
Normally "False"
Program Interface and Operation Principles
The user should be provided with a GUI which will allow them to define a
relationship among the above Criteria, which will produce and apply the
Outputs to a particular Product. This relationship would be defined with
Intensity Formulas and Transaction Formulas.
Every time a Transaction occurs, or a Dead Interval passes, the Criteria will
be recalculated and the user-defined formulas will be reviewed by the
program. If a Dead Interval passes without any transactions taking place,
then Intensity = Intensity +240 and #Buys=#Buys-TRR and #Sells=#Sells-TRR and
Buy Offset = Buy Offset- ORR and Sell Offset = Sell Offset - ORR.
If the user-defined Formulas (see following) indicate that a change in spread
should occur, then if the Offset is zero (in the case of a trade occurring)
or if no trade has occured (during the passing of a Dead Interval), the
system shall perform a Last Trade is Mid calculation around the last
transaction, adjusting the buy and sell prices according to the new Spread
value.
Any adjustment to the Spread shall respect the Spread-Offset Minimum. If a
reduction in the Spread should violate the Spread-Offset Minimum, then the
Buy Offset (or Sell Offset, or both as appropriate) shall be reduced
accordingly. Similarly, if the Offset is increased by a Transaction Formula
to a level greater than the Spread, the Spread shall be increased to maintain
the Spread-Offset Minimum.
GUI/Formulas Example:
Constants
Intensity Factor: [4]
Dead Interval: [240]
Offset Reversion Ratio (ORR): [0.3]
Transaction Reversion Ratio (TRR): [0.3]
Spread Minimum [0.04]
Spread Maximum [0.50]
Offset Minimum [0]
Offset Maximum [0.49]
Spread-Offset Minimum [0.01]
INPUTS OUTPUTS
Intensity Formula
Formula # Intensity Spread Offset Suspension
S1 >220 -0.01 n/a F
S2 <30 +0.01 n/a F
S3 <10 +0.02 n/a F
Transaction Formula
Formula # # Transactions Spread Offset Suspension
V1 <4 n/a -0.01 F
V2 >3 n/a +0.01 F
V3 >5 +0.01 +0.02 F
V4 >10 +0.02 +0.04 F
V5 >15 +0.04 +0.15 F
V6 >20 n/a n/a T
Note that #Transactions would be #Buys or #Sells, as appropriate. Note also
that #Buys and #Sells are not intended to be an absolute count, but rather
are a moving measure of the number of buys or sells which have recently
occured.
In this example, all Constants and Formulae are editable by the user through
the GUI.
Simulation
Obviously, if we want to proceed, we will want to conduct several simulations
to prove concepts and evaluate responsiveness. However, to give some idea of
how the above might work when a market starts to run in a particular
direction, please see the attached:
Additional Features
System Notifications
There should be two kinds of notifications for the Robotrader, which will be
similar to Stack Manager Garbage Checks: Warning and Failure levels for both
Offset and Price. The warning levels will trigger a pager message. The
Failure levels will trigger a pager message and the product will be
automatically suspended. The Price checks will be against prices input by the
trader (not relative price movements, but actual price). There should be both
maximum and minimum price checks (e.g. gas is trading at $5.50. The
notification levels could be $8 at the top end and $2 at the bottom end).
Offset checks will only be against a maximum value.
Dave |
Thanks for your reply, Dee!
From: Dee Svatos/ENRON@enronXgate on 04/12/2001 02:05 PM
To: Stanley Horton/Corp/Enron@Enron
cc:
Subject: RE: NBP Underwriting Group
Cindy:
Jerry said that Stan has reviewed this information, and is comfortable with
it, so there is no need to contact him for a response.
Thanks, Cindy.
Dee
-----Original Message-----
From: Stark, Cindy On Behalf Of Horton, Stanley
Sent: Thursday, April 12, 2001 1:06 PM
To: Peters, Jerry
Subject: Re: NBP Underwriting Group
Importance: High
Jerry:
Stan is in California at the KEYEX meeting today and tomorrow. What do you
suggest?
Cindy
From: Jerry Peters/ENRON@enronXgate on 04/12/2001 11:39 AM
To: Stanley Horton/Corp/Enron@Enron, Ben Glisan/HOU/ECT@ECT, Kelly H
Boots/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON
cc: Rod Hayslett/ENRON@enronXgate, Bill Cordes/ENRON@enronXgate
Subject: NBP Underwriting Group
Attached is a short memo on our selection rationale for the underwriting
group for a planned (mid-May) equity offering of about $130 - $150 million
for Northern Border Partners. Some of these firms may be contacting you, so
this should be helpful in fielding those calls. With this group we are
attempting to balance our placement into firms that have substantial NBP
holdings (UBS Warburg, AGE) and diversify and expand holdings in other major
systems (SSB, Banc of America, First Union). Please note that for the firms
not selected, i.e. Lehman, Goldman and Merrill, part of our rationale was to
hold these systems for a potential offering later in 2001 that could be
accomplished on a sole-managed basis for up to about $50 million.
Kelly: As Ben requested, the underwriting fees are expected to be about
4.25% and the breakdown by firm will be provided when we have determined the
allocations.
Let me know ASAP if you have any questions or concerns as we will begin
discussions with these firms tomorrow.
-----Original Message-----
From: Jesse, John
Sent: Thursday, April 12, 2001 8:03 AM
To: Peters, Jerry
Subject: NBP Underwriting Group
Importance: High
The following provides the rationale supporting the recommended underwriter
group for Northern Border Partner,s upcoming equity offering. Please note
that underlying the entire selection process is the fact that MLP units are a
specialized product sold to a more limited group of investors vis-.-vis
common stock. Thus, sheer underwriting bulk or equity league table position
of a given firm does not necessarily indicate the expected performance of
such firm in an NBP offering.
Lead Manager - Salomon Smith Barney
SSB controls an impressive retail distribution system that has a strong
appetite of MLP offerings. The visibility of NBP within their system has
increased recently as their MLP analyst has raised his rating on NBP to
"Outperform". SSB has served as a co-manager in past NBP offerings and has
performed well. Furthermore, due to their comparatively small allocations in
these deals as a co-manager, we are confident that their system has
significant untapped demand for NBP units.
Joint Lead Manager - UBS Warburg (f/k/a PaineWebber)
UBS has served a lead manager for the last two NBP offerings that were
conducted via the rapid placement (limited marketing) process, so they are
very familiar with NBP and provide very good analyst coverage. While we are
still confident that UBS will perform well and place a large number of units,
their allocations as lead manager in our past deals probably soaked up a
great deal of demand for NBP units within their system. Therefore, rather
than placing UBS in a situation where they would have to stretch to put away
a lead manager allocation, it was deemed prudent to slot them in the joint
lead role.
Co-Managers
Dain Rauscher and A.G. Edwards
Both firms have a strong mid-market presence and have demonstrated their
ability to place a significant number of NBP units in past offerings. These
firms have not participated in an NBP deal since 1997, so this offering
should generate strong demand. Also, Dain Rauscher was recently acquired by
Royal Bank of Canada, which provides commercial bank lending to NBP and NBPL,
so NBP will be able to leverage DR,s participation in future debt
transactions.
Bank of America and First Union
Bank of America has been a significant provider of commercial banking
services to NBP and NBPL over many years, while First Union recently became
an NBP lender in the March 2001 transaction. Both have retail distribution
systems available which currently hold a limited number of NBP units. Both
have participated in past MLP offerings, with Bank of America serving as a
joint lead for highly successful Williams MLP IPO.
Other institutions considered but not selected
Goldman Sachs & Lehman Brothers - Both firms support the MLP product
reasonably well and have demonstrated adequate coverage of NBP. Their
systems are geared towards institutional sales and high net-worth clients, so
their breadth of distribution for MLP units is more limited as compared to
SSB or UBS.
Merrill Lynch - Historically, this firm has not supported the MLP product
despite its natural appeal to Merrill,s average customer. Admittedly, their
new analyst has taken a more positive approach, but Merrill has not
participated in any meaningful way in several of the recent MLP offerings.
MSDW - NBP receives no coverage on the investment banking side and their
analyst has a &Hold8 rating on the units. |
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Childhood Obesity Becoming Global Problem
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To learn more about this story, click here:
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Native American Conference Suggests Traditional Lifestyles
According to the U.S. Indian Health Service, there were very few, if
any, known cases of diabetes among Native Americans before 1936.
However, today Native Americans have the highest incidence of any ethnic
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40 Native American tribes, representatives from the Centers for Disease
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To learn more about this story, click here:
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click here:
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Vince,
UK VAR breached the limit last week.
UK traders asked us to review the correlations across UK gas and power as
well as the correlations across EFA slots.
We did part of the work last week.
Now we'll update the correlations based on historical prices.
Tanya.
Richard Lewis
10/08/2000 07:31 AM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc: Oliver Gaylard/LON/ECT@ECT, James New/LON/ECT@ECT, Steven
Leppard/LON/ECT@ECT, Rudy Dautel/HOU/ECT@ECT, Kirstee Hewitt/LON/ECT@ECT,
Naveen Andrews/Corp/Enron@ENRON, David Port/Market Risk/Corp/Enron@ENRON, Ted
Murphy/HOU/ECT@ECT, Simon Hastings/LON/ECT@ECT, Paul D'Arcy/LON/ECT@ECT, Amir
Ghodsian/LON/ECT@ECT
Subject: Re: VaR correlation scenarios
Thanks Tanya, these are interesting results. I am on vacation next week, so
here are my current thoughts. I am contactable on my mobile if necessary.
Gas to power correlations
I see your point about gas to power correlation only affecting VAR for the
combined gas and power portfolio, and this raises an interesting point: At a
conservative 30% long term correlation, combined VAR is o1mm less than
previously expected - so how does this affect the limit breach? Strictly
speaking, we are still over our UK power limit, but the limit was set when we
were assuming no gas power correlation and therefore a higher portfolio VAR.
A suggested way forward given the importance of the spread options to the UK
Gas and Power books-
can we allocate to the gas and power books a share of the reduction in
portfolio VAR - ie [Reduction = Portfolio VAR - sum(Power VAR + Gas VAR)]?
Also, if I understand your mail correctly, Matrix 1 implies 55% gas power
correlation is consistent with our correlation curves, and this reduces total
VAR by o1.8mm.
EFA slot correlations
The issue of whether our existing EFA to EFA correlation matrix is correct is
a separate issue. I don't understand where the Matrix 2 EFA to EFA
correlations come from, but I am happy for you to run some historical
correlations from the forward curves (use the first 2 years, I would
suggest). Our original matrix was based on historicals, but the analysis is
worth doing again. Your matrix 2 results certainly indicate how important
these correlations are.
Closing thoughts
Friday's trading left us longer so I would not expect a limit breach on
Monday. We are still reviewing the shape of the long term curve, and I'd
like to wait until both Simon Hastings and I are back in the office (Monday
week) before finalising this.
Regards
Richard
Tanya Tamarchenko
06/10/2000 22:59
To: Oliver Gaylard/LON/ECT@ECT, Richard Lewis/LON/ECT@ECT, James
New/LON/ECT@ECT, Steven Leppard/LON/ECT@ECT, Rudy Dautel/HOU/ECT@ECT, Kirstee
Hewitt/LON/ECT@ECT, Naveen Andrews/Corp/Enron@ENRON, David Port/Market
Risk/Corp/Enron@ENRON, Ted Murphy/HOU/ECT@ECT
cc:
Subject: Re: VaR correlation scenarios
Everybody,
Oliver sent us the VAR number for different correlations for UK-Power
portfolio separately from UK-Gas portfolio.
First, if VAR is calculated accurately the correlation between Power and Gas
curves should not affect VAR number for Power and VAR number for Gas, only
the aggregate number will be affected. The changes you see are due to the
fact that we use Monte-Carlo simulation method,
which accuracy depends on the number of simulations. Even if we don't change
the correlations but use different realizations of random numbers,
we get slightly different result from the model.
So: to see the effect of using different correlations between Gas and Power
we should look at the aggregate number.
I calculated weighted correlations based on 2 curves I got from Paul. As the
weights along the term structure I used the product of price, position and
volatility for each time bucket for Gas and each of EFA slots. The results
are shown below:
Inserting these numbers into the original correlation matrix produced
negatively definite correlation matrix, which brakes VAR engine.
Correlation matrix for any set of random variables is non-negative by
definition, and remains non-negatively definite if calculated properly based
on any historical data.
Here, according to our phone discussion, we started experimenting with
correlations, assuming the same correlation for each EFA slot and ET Elec
versus Gas. I am sending you the spreadsheet which summaries the results. In
addition to the aggregate VAR numbers for the runs Oliver did, you can see
the VAR numbers based on correlation Matrix 1 and Matrix 2. In Matrix 1 the
correlations across EFA slots are identical to these in original matrix.
I obtained this matrix by trial and error. Matrix 2 is produces by Naveen
using Finger's algorithm, it differs from original matrix across EFA slots as
well
as in Power versus Gas correlations and gives higher VAR than matrix 1 does.
Concluding: we will look at the historical forward prices and try to
calculate historical correlations from them.
Tanya.
Oliver Gaylard
10/06/2000 01:50 PM
To: Richard Lewis/LON/ECT@ECT, James New/LON/ECT@ECT, Steven
Leppard/LON/ECT@ECT, Rudy Dautel/HOU/ECT@ECT, Kirstee Hewitt/LON/ECT@ECT,
Naveen Andrews/Corp/Enron@ENRON, Tanya Tamarchenko/HOU/ECT@ECT, David
Port/Market Risk/Corp/Enron@ENRON
cc:
Subject: VaR correlation scenarios
The results were as follows when changing the gas/power correlations:
Correlation VaR-UK Power book VaR- UK Gas book
0.0 o10.405MM o3.180MM
0.1 o10.134MM o3.197MM
0.2 o10.270MM o3.185MM
0.3 o10.030MM o3.245MM
0.4 Cholesky decomposition failed (Not positive definite)
0.5 Cholesky decomposition failed (Not positive definite)
0.6 Cholesky decomposition failed (Not positive definite)
0.7 Cholesky decomposition failed (Not positive definite)
0.8 Cholesky decomposition failed (Not positive definite)
0.9 Cholesky decomposition failed (Not positive definite)
1.0 Cholesky decomposition failed (Not positive definite)
Peaks and off peaks were treated the same to avoid violating the matrix's
integrity.
Interesting to note that for a higher correlation of 0.2 the power VaR
increases which is counter to intuition. This implies that we need to look
into how the correlations are being applied within the model. Once we can
derive single correlations from the term structure, is the next action to
understand how they are being applied and whether the model captures the P+L
volatility in the spread option deals.
From 0.4 onwards the VaR calculation failed.
Oliver |
[IMAGE]
Attention Fantasy Players! Cant find that perfect gift? Let MVP.com make it easy for you! Save 10% on your next purchase when you purchase a Gift Certificate from now until 12/27/01. Click Here for Details . Brought to you by Sponsorship Bar You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football. To customize, reschedule, or turn off these reports please click here NFL Reports, Player Updates [IMAGE]Latest NFL Player News Jeff Graham , WR SD - Free Agent Updated 12/23/01 Graham probably won't play Sunday at Kansas City because of the death of his father in a car accident, coach Mike Riley said Friday. If Graham doesn't play, Trevor Gaylor will start in his place and Nate Turner will be signed off the practice squad. The Chargers are already missing their No. 3 receiver, Tim Dwight, due to complications of a collapsed lung. Antowain Smith , RB NE - Starboy Updated 12/23/01 Smith rushed for a career-high 156 yards and a touchdown Saturday. He has been one of the best runners in the AFC and will help carry your team to Fantasy glory. Steve McNair , QB TEN - Beegs Boys Updated 12/23/01 McNair played Saturday despite suffering from back spasms all week. He played well, throwing a touchdown pass in the second half. Expect him to be a solid No. 1 QB. Jeff Garcia , QB SF - God Updated 12/23/01 Garcia, whose practice time was limited all week, played in Saturday's game. He admitted afterwards that he has a cracked rib. He played with extra padding, saying it didn't greatly affect his throws. Garcia might not be at full strength in the remaining weeks but he will still be a solid No. 1 Fantasy QB. Eddie George , RB TEN - BCWD's Updated 12/23/01 George played in Saturday's game despite suffering from an ankle injury. He left in the third quarter because of a neck injury but returned to the game. Oronde Gadsden , WR MIA - Starboy Updated 12/23/01 Gadsden did not play in Saturday's game against the Patriots because of a hamstring injury. Chris Chambers started in his absence. Fred Beasley , RB SF - Free Agent Updated 12/23/01 Beasley broke his right hand. He will probably be sidelined for the rest of the regular season. Joe Horn , WR NO - Hurricanes Updated 12/21/01 Horn is once again performing like an elite Fantasy receiver. He is a must-start player during the final weeks of the NFL season. Maurice Smith , RB ATL - Oper Error Updated 12/21/01 A banged-up Smith hasn't done much statistically in recent weeks. Don't depend on him during the Fantasy playoffs. Donald Hayes , WR CAR - Free Agent Updated 12/21/01 Hayes may step back into the forefront this week as the No. 1 wideout in place of Muhsin Muhammad. He isn't very explosive, however, and won't help Fantasy teams much during Weeks 15 through 17. Chris Weinke , QB CAR - Perrito-style Updated 12/21/01 Consider Weinke as a backup during the Fantasy playoffs. He lacks the weapons to post better-than-average numbers, but he is a good option if you need an emergency QB. Kurt Warner , QB STL - Hurricanes Updated 12/21/01 Warner should guide many Fantasy teams to success during the playoffs. Expect fine numbers from him the rest of the way. Rich Gannon , QB OAK - BCWD's Updated 12/21/01 Gannon has been a top-flight Fantasy QB this year. He will be a key player on many title teams, and should never be benched. Randy Moss , WR MIN - Tacos Updated 12/21/01 Moss started off slow this season but has once again been one of the best wideouts. Don't hesitate to start him during your playoff run. Marvin Minnis , WR KC - R-Diddy Updated 12/21/01 Minnis hasn't done much to help Fantasy owners this year. Don't use him during the remaining weeks of the NFL season. Michael Westbrook , WR WAS - El-Gato Updated 12/21/01 Westbrook has been inconsistent this season as a Fantasy player. He will be a good No. 2 at best during your playoffs. Rod Gardner , WR WAS - Free Agent Updated 12/21/01 Gardner has been very inconsistent this season. Unless you play in a deeper league, starting Gardner isn't advisable. Tony Richardson , RB KC - Free Agent Updated 12/21/01 Richardson hasn't been a consistent scoring threat this year. Don't use him during the Fantasy playoffs. Tony Gonzalez , TE KC - Beegs Boys Updated 12/21/01 Gonzalez hasn't played as well as expected this year. Still, he is too talented to bench during the Fantasy playoffs. Brett Favre , QB GB - Kar Bombs Updated 12/21/01 Favre has been one of the best QBs this season. Count on him to help lead your team to Fantasy glory. Trent Green , QB KC - Starboy Updated 12/21/01 Green has been an inconsistent Fantasy QB this year. He is a risky start during the rest of the season. Bill Schroeder , WR GB - Starboy Updated 12/21/01 Schroeder has had a solid season. Look for him to be a reliable No. 2 wideout during your postseason. Matt Hasselbeck , QB SEA - Oper Error Updated 12/21/01 Hasselbeck has been a big disappointment this year. Don't use him during the Fantasy postseason. Johnnie Morton , WR DET - BCWD's Updated 12/21/01 Morton has been inconsistent this season but he will still be a solid No. 2 during the Fantasy playoffs. Keep him in your lineup. Reggie Wayne , WR IND - Free Agent Updated 12/21/01 Wayne is healthy again, and showing signs of improvement. But he is not accomplishing enough statistically to help most Fantasy teams. Amani Toomer , WR NYG - Oper Error Updated 12/21/01 Toomer is having a bit of a down year, but his potential to post solid Fantasy numbers makes him worth considering. He should be a solid No. 2 wideout during your playoffs. Marvin Harrison , WR IND - Perrito-style Updated 12/21/01 Harrison will be an important Fantasy player during the final weeks of the NFL season. He will have some good outings, even though the Colts are not in the playoff race. Duce Staley , RB PHI - Hurricanes Updated 12/21/01 Staley started to play well late in the season. Be sure to keep him into your starting lineup. He will be an adequate back for the playoffs. Shawn Bryson , RB BUF - Free Agent Updated 12/21/01 Bryson will start in place of the injured Travis Henry this week. Consider him as a No. 2 RB if you need help at that spot. James Thrash , WR PHI - Perrito-style Updated 12/21/01 Thrash was not very consistent during the regular season and may not catch a lot of TD passes in the final games of the NFL regular season. He will be a No. 2 wideout at best during the Fantasy playoffs. More Updates Schedule, Breakdown [IMAGE][IMAGE] Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com FB10SP |
-----Original Message-----
From: Rangel, Ina
Sent: Thursday, November 15, 2001 5:21 PM
To: Hogan, Irena D.; Villarreal, Alex; Bates, Kimberly; Rybarski, Amanda; Moore, Kevin G.; Presas, Jessica; Vuittonet, Laura; Young, Becky; Quezada, Daniel
Cc: Hardy, Kimberly; Panos, Jason; Hernandez, Jesus A
Subject: FW: Move Related Issues
ASSTS:
PLEASE MAKE SURE YOUR GROUPS ARE COMPLETELY PACKED BY 3:00 PM. THE MOVE TEAM WILL BE ON THE FLOOR BY 3:00 PM. REMIND YOUR GROUPS TO:
1. EMPTY VOICEMAIL
2. TAKE HOME LAPTOPS AND PALM PILOTS, IPAQ'S OR BLACKBERRY'S
3. TO BE HERE AT LEAST ONE HOUR PRIOR TO THEIR NORMAL TIME ON MONDAY MORNING. THE FLOOR WILL BE OPEN BY 5:00 AM
4. PACK HEADSETS. (BOX, BLACK WIRE TO EARPIECE AND BLACK CORD THAT CONNECTS UNDER DESK) ONLY LEAVE GRAY WIRES
LET ME KNOW IF THERE IS ANY QUESTIONS.
-----Original Message-----
From: Shepperd, Tammy R.
Sent: Tuesday, November 13, 2001 5:00 PM
To: Tijerina, Shirley; Hogan, Irena D.; Solis, Melissa; Bates, Kimberly; Harvey, Claudette; Black, Tamara Jae; Coleman, Venita; Rode, Tina; Holcombe, Tina ; Clyatt, Julie; Roberts, Chaun; Vuittonet, Laura; Jones, Melissa; Rangel, Ina; Presas, Jessica; Salinas, Michael; Collins, Angie; Finnels-Neal, La Donna; Snow, Dina; Villarreal, Alexandra; Young, Becky; Irvine, Geraldine; Rybarski, Amanda; Choate, Heather; Chapman, Christy; Leigh, Lorie; Zarsky, Lisa; Gordon, D'ann; Butler, Shelly; Noske, Linda J.
Cc: Schoppe, Tammie; Brooks, Loretta; Lopez, Susan; Duree, Janelle
Subject: Move Related Issues
As you all know, our move is scheduled for this weekend. Hopefully, you and your groups are all progressing well in your preparations for the move this Friday. Please take the time to read the information contained in this message because most of the information contains reminders or FYI items and will be important to you and your group. Please forward this to those in your group that may need this information.
? Voicemail instructions - Please have everyone in your group clear all new voicemail messages by 5:00 PM, Friday, 11/16. All saved messages, greetings and recorded names will be saved. If a message is left before cutover the message will be saved, but the message light will not be displayed when you arrive. As a precautionary meassure please check voice mail upon your arrival Monday morning even if the message light isn't on.
? Building access - ECS will not be available for general access until Monday morning at 5:00 AM. Due to the gas and power moves being combined, it is unlikely that the move team will be prepared for the POC's to come in on Sunday to unpack. (Separate instructions will be generated for those who are needed to test trading applications.) NOTE: Only those whose names have been approved and submitted to security will be allowed access on Sunday.
o Monday - 5:00 AM for all employees
? Security & badges - All POC team members should be familiar with the routes into ECS as we discussed at our recent move meeting. Please be sure to share this information with all of the people in your group. If you need additional copies of the floor plans that have the access routes highlighted, please contact Carli Smith (5-3473). Please stress to everyone to have their badges with them at all times. No one will be allowed access without their badge. If anyone tries to access the building from the garage via the skyring and they do not have their badge, they will be sent back through the garage to the street level to walk across the street to the round kiosk in the Enron building lobby to get a guest pass and then proceed back to ECS via the 2nd floor and the skyring.
? Move team colors - As mentioned at the move meeting, the following is a list of the color designations (vests) for the various teams that will be on the floor when we move in.
o Red - Move Team
o Orange - Desktop Support/IT
o Green - Telephony
? Newspaper subscriptions - The delivery location for all newspaper subscriptions need to be changed to ECS 05/06. It is our intention to have all daily newspapers delivered to the mail desk located in the ECS 2nd floor corridor. It will be the responsibility of the assistants to either pick up the papers for their group or designate someone in their group to pick up the papers. If your papers continue to be delivered to your old floor of ECN, contact Sunny Rodgers (3-6116).
? Move boxes - Please encourage your group to pack and bring no more than about 6 boxes per person. You may call Facilities (3-6300) if you need to request additional boxes.
? Move labels - If you run out of labels or if you are missing any labels, please call Carli Smith (5-3473) to have additional or missing labels printed.
? Laptops - Important - Please ensure that all cable locks have been removed from all laptop computers by 5:00 PM on Friday. If any cable locks are left on the computers they will be destroyed by the move team in order to move the computers as scheduled.
. Bottled water - Every kitchen has an ice machine that also dispenses filtered water. The large bottles of water (5 gallon) will not be allowed on the floor. We would also like to discourage the use of small bottles of water due to limited storage space and the availability of filtered water at several locations.
? Phone sets - Although most of you are aware of this, we just wanted to remind you that there will be only one phone on each desk - either a turret or an Avaya, but not both. Do not tag your phones, a new phone will be waiting for each person on their desk in the new building
I hope I have covered some of the outstanding questions or issues you might have, but if I have missed something, please let me know. Thanks so much for all your help and hard work. |
Gale, here is the information that I have available about the subject interconnect. The actual project is to install an additional tap and measuring facilities at the end of the lateral for peak deliveries of 12-15 MMcfd to ENA for power generating. The problem is that the lateral capacity is about 25-27 MMcfd based upon turbine meter capacity for the Citizens Flagstaff point, but Citizens has about 25 MMcfd scheduled at their three points on the west end. Their contract allows for them to take full obligations at either point (Kevin is checking on this); however, I don't believe that their flow regulation at the Flagstaff point (two-2" regulators) can do more than 15 MMcfd (my intuitive guess, needs to be checked or verified). Pressure - TW may be between 725-775 psig at peak TW mainline flows to Ca., Citizens pressure is reported to be around 365 psig downstream of control valves.
The greatest daily volume (MN 9213) since Jan 2000 was 11942 Mcf on Jan. 18, 2001 (as can be seen in the attached Excel worksheet extracted from MIPS meas. data). The flow graph on Jan 18, 2001 also obtained from MIPS is shown below:
Planning Question: if Citizens meter capacity is say 15 MMcfd at some pressure, can we subscribe the remaining lateral capacity to ENA and still maintain pressure and volume obligations to either Citizens or ENA? What would new pressure conditions look like flowing 30 MMcfd through the lateral?
-----Original Message-----
From: Eric Faucheaux
Sent: Thursday, May 31, 2001 7:43 PM
To: Eric Faucheaux
Subject: Citizens Flagstaff Interconnect
---------------------- Forwarded by Eric Faucheaux/ET&S/Enron on 05/31/2001 02:40 PM ---------------------------
From: David Roensch 05/16/2001 01:25 PM
To: Eric Faucheaux/ET&S/Enron, Rich Jolly/ET&S/Enron@Enron <mailto:Jolly/ET&S/Enron@Enron>
cc:
Subject: Citizens Flagstaff Interconnect
Eric, I'm going to try an provide the info requested this morning. This will at the very least be a starting point for our discussions.
The following are the details as I understand it:
The Citizens Flagstaff Interconnect is one of three Interconnect points with Citizens that gas is nominated to on a daily basis. One daily nom is made by Citizens that covers all three interconnect points. The other two interconnect points are Citizens F89A interconnect (In Flagstaff) and the Citizens Kingman TBS interconnect. (two points in Flagstaff and one in Kingman) Again, one nomination is made covering Citizens at all three points. The total nomination is not to exceed 25 mmcfd. This 25 mmcfd can be split between all three points or taken as a total at any one point. (I hope that made sense) So, with that said, as I understand it, we must maintain the ability to provide 25 mmcfd at the Citizens Flagstaff point of delivery.
We have approximately 7 miles of 6" lateral from Transwesterns 30" mainline feeding this interconnect. Once at the metering station we have a 4" auto adjust turbine meter which is limited on flowing capacity based of inlet pressure to some degree. (See chart below) Please see drawing (Flagstaff 6" Lateral ICCU-AB-A1-01) for details of meter station yard and piping. Once the gas flows out of the 4" turbine meter we discharge into a line heater that Transwestern owns. Immediately on the discharge side of the line heater, Citizens piping begins. Citizens has 2 ea., 2" regulator runs that control pressure into their City mainline. (Again please refer to the drawing number listed above for detail)
I know that pressure profiles in Section 3 will change after Red Rock so I would not dare to guess what the supply pressure to the 6" Lateral would be but, System Ops should be able to provide this info on a best/worst case senario both pre and post Red Rock. (Assumptions would have to allow for a unit down at Station 2 & 3, I would assume)
Flow Capacity Info for a 4" Auto Adjust Turbine Meter:
Pressure Max Flow Rate
600# 19,920 mscfd
700# 23,540 mscfd
800# 27,310 mscfd
900# 31,200 mscfd
The flowing capacity between the various pressures can be interpolated
I hope this answered some of your questions. It might be a good idea to have a quick conference call with representatives from Planning, System Ops, Marketing, Engineering and Operations to discuss the details........
---------------------- Forwarded by Eric Faucheaux/ET&S/Enron on 05/31/2001 02:40 PM ---------------------------
Team Flagstaff
05/31/2001 11:51 AM
To: Eric Faucheaux/ET&S/Enron@Enron <mailto:Faucheaux/ET&S/Enron@Enron>, [email protected] <mailto:[email protected]>
cc: David Roensch/ET&S/Enron@Enron <mailto:Roensch/ET&S/Enron@Enron>, Rich Jolly/ET&S/Enron@Enron <mailto:Jolly/ET&S/Enron@Enron>
Subject: Flagstaff 66 meter station name plate data from C.U. Meter runs
Answers to Questions: 1. Runs operate Balanced not cascaded
2. Downstream pressure of runs 365 PSIG, TW inlet pressure of 855 PSIG
3. Regulators operate in Parallel
First reg run has the following info on name plate (two Reg on this run)
Mooney Controls - Salt Lake City, Utah
Flowgrid, Serial number 8853. Second Req on this same run has Serial number of 8852
no. ports 1
Size/End Conn 2 in. FLGLS LP
Ansi CL 600
Max inlet pressure 1480
Min. Diff 10
Max. Diff 800
Max. Degrees F Temp 175
Bolt Torq. Ft Lbs 60
More info at: http://www.mooneycontrols.com/pilots/67.html
Next run has the following info on name plate.
Grove FlexFlo
Model 900TE
Figure 11559 H2AKR
Tube 740
Pressure 1440 PSI, 100 Bar
Temp 0/200 Degrees F -18/93 degrees C
Grove Valve & Regulator
6529 Hollis St.
Oakland, California 94608
More info at: http://www.grove.it/regulators.htm
If you need more information please give us a call we'll be glad to help.
Glenn Hawthorne
Flagstaff team 520-774-1547 X110 |
ok
-----Original Message-----
From: Millar, John
Sent: Tuesday, October 09, 2001 10:09 AM
To: McCarty, Danny; Wilkie, Kim
Subject: RE: Agreement NEW LANGUAGE?
Dan, I had drafted language which included both non-compete and right-to-match requirements for John's review. John rejected the non-compete but accepted the right-to-match, which is ok with me. I think the non-compete would be too much of an encumbrance and possibly a deal killer if we pushed for it.
John
-----Original Message-----
From: McCarty, Danny
Sent: Tuesday, October 09, 2001 9:50 AM
To: Wilkie, Kim; Millar, John
Subject: RE: Agreement NEW LANGUAGE?
Kim and John,
I assumed that we'd moved away from that point in favor of the right to match. Is that not the case?
Dan
-----Original Message-----
From: Wilkie, Kim
Sent: Tuesday, October 09, 2001 9:23 AM
To: McCarty, Danny; Millar, John
Subject: RE: Agreement NEW LANGUAGE?
Dan, are we no longer requiring a covenant re: not using the ROW for gas pipeline activity?
Thanks, Kim
-----Original Message-----
From: McCarty, Danny
Sent: Tue 10/9/2001 9:04 AM
To: Wilkie, Kim; Millar, John
Cc:
Subject: RE: Agreement NEW LANGUAGE?
Kim and John,
I agree with Kim's second point. I don't know how Ballentine's language works--there doesn't seem to be an offer and acceptance of anything specific. I'd like to at least have a contract that has either been negotiated with the third party of the ability to negotiate it myself. Can we clean this language up a little?
Dan
-----Original Message-----
From: Wilkie, Kim
Sent: Monday, October 08, 2001 1:17 PM
To: Millar, John
Cc: McCarty, Danny
Subject: RE: Agreement NEW LANGUAGE?
Thanks John. For your convenience in reviewing the language, I have attached a redline copy that shows the changes that John made to our original language. Regarding his changes:
1. A big omission in his new section is the covenant not to construct or cause to be constructed a natural gas pipeline within the right of way. I thought that was a covenant we wanted. If that is not the business deal, then the change is fine.
2. I think a 10 business days is fine. That being said, you usually don't indicate an acceptance of a right to match with the payment of the purchase offer. We could submit a binding acceptance but I don't think we want to agree to pay the purchase price when all that Ballentine may put in front of us is a term sheet with the specifics of the deal to be negotiated. I also don't think we want to go to the trouble of escrowing the money. Maybe we could do an earnest money deposit but then we need to add language as to when we get it back. (If you and Danny want to keep the submission of the purchase price, we need to include the language as to when we get the money back as well.) The easiest fix for this deal is just saying we will submit a binding acceptance to their offer.
Let me know your thoughts. Kim
<< File: right to match ballentine red.doc >>
-----Original Message-----
From: Millar, John
Sent: Monday, October 08, 2001 11:32 AM
To: Wilkie, Kim; McCarty, Danny
Subject: FW: Agreement NEW LANGUAGE?
Importance: High
Here's John's response to the Right-to-Match language. His client's main interest is in participating in the construction of new assets, which is the purpose of the last sentence. This seems reasonable to me. Dan suggested ten days response time, which John is agreeable to. Please advise if we can work with this.
Kim, I believe I have the schedules, which I will fax to you for scanning.
Thanks,
John
-----Original Message-----
From: "John Ballentine" <[email protected]>@ENRON
Sent: Monday, October 08, 2001 9:48 AM
To: Millar, John
Subject: RE: Agreement NEW LANGUAGE?
Importance: High
John- try this on for size...I haven't vetted it on my end yet, but see how
you feel about it:
Section 4.06 Right to Match.
Buyer agrees that within one year of the Date of this Agreement if it
receives a bona fide offer (the "Purchase Offer") to acquire the right to
construct or to place into service natural gas and/or liquid pipelines
within the Company's right-of-way, Buyer will first, by written notice to
Seller, offer to Seller the right to construct or to place into service
natural gas and/or liquid pipelines within the Company's right-of-way on the
same terms and conditions as the Purchase Offer (the "ROFR Offer"). The
written notice provided by Buyer shall state (i) that Buyer has received the
Purchase Offer and intends to accept such Purchase Offer and (ii) the terms
and conditions of the Purchase Offer. Seller shall have five (5) business
days from receipt of the ROFR Offer to indicate its willingness to match the
Purchase Offer by submitting by wire transfer to Buyer's designated bank
account the Purchase Offer in immediately available funds.. If Seller does
not indicate its willingness to match the Purchase Offer or does not respond
within five (5) days, then Buyer may consummate the transaction with the
counterparty, provided that the transaction consummated with counterparty is
on the same terms and conditions set forth in the ROFR Offer. If the
transaction with counterparty is modified in any respect from that set forth
in the ROFR Offer, the modified terms and conditions shall be deemed to
constitute a new Purchase Offer and Seller shall be entitled to a new right
to match the Purchase Offer as set forth above in this Section 4.06. In the
event that Seller matches the Purchase Offer by submitting funds to Buyers
designated bank account, Seller shall assume all other terms and conditions
of the Purchase Offer, including, but not limited to, any limitations,
restrictions or preferences of the selection of the construction company or
any other contractors normally associated with the construction, operation
and maintenance of gas and liquid pipelines.
-----Original Message-----
From: Millar, John [ <mailto:[email protected]>]
Sent: Monday, October 08, 2001 7:33 AM
To: [email protected]
Subject: Agreement
<<PSA v4 10-04-.doc>>
Hey John. Kim sent me this new version over the weekend.
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at [email protected] and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
********************************************************************** <<
File: PSA v4 10-04-.doc >>
- winmail.dat << File: winmail.dat >> |
FYI. This is the presentation that the Brattle Group---a consulting group
that Edison has long used on gas issues in California---gave last week to the
legislative committee investigating wholesale gas prices at the California
Border. The day following this presentation (which was followed by a
presentation by the California PUC's FERC lawyer), the committee called El
Paso and Dynegy to respond to Brattle's and the CPUC FERC lawyer's
presentations. Also attached is the best synopsis of the hearing that I've
seen in the press.
Best,
Jeff
******************************************************************************
****************************************************
Competing evidence clouds Calif. investigation
Prompted in part by the California Public Utilities Commission, the
California Assembly
has been scrutinizing the role that interstate pipelines have played in the
state,s current
energy crisis. In the efforts to find a smoking gun, legislators have leaned
heavily on a
report prepared by The Brattle Group, a consultancy commissioned by utility
Southern California
Edison to dig up evidence of market power abuse.
But the state,s biggest transporter of gas to California -- El Paso Natural
Gas -- is not
ready to take the rap. The pipeline has commissioned its own study, which it
recently presented
as evidence that it has not circumvented any laws or regulation.
As reported in both the trade press and national media, SoCal Ed and the CPUC
are pointing
the finger of blame at El Paso for alleged manipulation of California border
prices through
affiliate deals and capacity hoarding. And exhibit A in their case against El
Paso is The Brattle
Group,s study of the California market.
Richard Zeiger, a spokesman for Assembly Member Darrell Steinberg, chairman
of the
California Assembly Judiciary Committee, told Gas Daily that The Brattle
Group,s market
study proved that the surge in gas prices at the California border was not
caused by normal
market forces (GD 4/20). His remarks followed an oversight hearing during
which Assembly
members questioned Dynegy and El Paso officials about their involvement in
the California
market.
El Paso presented a different version of events to the Assembly. In a report
presented to
legislators, a research group hired by El Paso concluded that a convergence
of factors, not a
conspiracy, caused the price run-up.
Lukens Consulting Group, a Houston-based consultancy, was retained by El Paso
to conduct
work on several fronts. In its study of the California market, Lukens
concluded that the
increasing convergence of the gas and electricity businesses was one of the
main culprits in the
California gas price imbroglio.
Assemblyman John Campbell, a Republican member of the oversight committee,
said he
"didn,t see any smoking gun" in either report.
"We had our committee hearing, and we certainly had a lot on the Brattle
Study and a little
on the Lukens study. To some degree, I,m not sure that the California
legislature is the best
place to adjudicate the differences between these two studies," Campbell
said. "I believe FERC
is looking at this situation " and it would seem to me that that,s the
appropriate place."
Campbell said that the CPUC had been prodding the California legislature to
give support
to its claims of market power abuse by pipelines. "It,s being pushed
basically by the Public
Utilities Commission here, which believes that there was collusion" by
pipeline companies to
push up gas prices in California, he said.
The CPUC, Campbell suggested, sought satisfaction before the California
assembly when
it had failed on the federal level: "There,s a concerted effort, not just on
natural gas but on other
things here in California, for entities and organizations here to point the
finger elsewhere for
the problems that we,re having in this state and I think you,re seeing some
of that with the
public utilities commission."
Whether either report wins over the public incensed by high natural gas
prices is a different
matter entirely. In the meanwhile, the dueling California market studies seem
to have taken
on a life of their own.
The Brattle Group Study, for instance, has become the center of a heavily
litigated effort to
force FERC to compel the release of market data by California market
participants. Following
on a request by SoCal Ed, which said it needed additional data to round out
The Brattle Group
report, FERC Chief ALJ Curtis Wagner issued subpoenas to the other three
major pipelines that
serve the state as well as to Sempra Energy Trading.
Several parties resisted FERC,s call for market information, saying the
requested data
contained commercially sensitive information. FERC allowed the discovery
process to move
forward but only after attaching strict data protection rules restricting
access to evidence
(GD 4/23).
Critics of the pipeline industry have already suffered one setback in their
case. The commission
recently dismissed the CPUC,s claim that El Paso rigged the auction of a
large block of
pipeline capacity in favor of affiliate El Paso Merchant Energy. In
addressing the California
Assembly, representatives of Dynegy said that FERC,s recent ruling on the
California border
controversy obviated the need for more investigation.
The controversy, however, is far from over. FERC last month also ordered a
hearing into
whether El Paso Natural Gas and its affiliates manipulated capacity to drive
up the price of gas
delivered into California (GD 3/29). That hearing is likely to take place
this summer. (RP00-
241, et al.) NH
----- Forwarded by Jeff Dasovich/NA/Enron on 04/26/2001 05:23 PM -----
[email protected]
04/19/2001 11:36 AM
To: [email protected]
cc:
Subject: Sacramento Pres Final 4_13_01(projected).ppt
Per your request, attached are the presentation slides from yesterday.
Douglas Porter, Senior Attorney
Southern California Edison Company
(626)302-3964
(626)302-3990(fax)
[email protected](See attached file: DRT2486.PPT)
- DRT2486.PPT |
fyi, more on David Merrill's work product, as well as being a regulatory
issue of interest. mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 05/11/2000
11:17 ---------------------------
David Merrill@ENRON_DEVELOPMENT
04/11/2000 12:02
To: Robbi Rossi@EES, Michelle Hicks@Enron Communications,
<[email protected]>, Anthony Duenner@ENRON COMMUNICATIONS,
<[email protected]>
cc: Wayne Gardner/Enron Communications@Enron Communications, Mark
Schroeder@ECT, <[email protected]>, <[email protected]>, Jae-Moo
Lee@ENRON, Craig Clark@Enron Communications, Stephen D
Burns/Corp/Enron@ENRON, Mike Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Korea: Regulatory Impediment to Bandwidth Trading / Action Plan
Our regulatory review team in Korea this week has identified a major
regulatory
impediment to bandwidth trading in Korea. This describes the problem and
outlines a draft strategy to deal with it, with actions shown in blue.
Problem:
It appears that under the Telecommunications Business Law (as interpreted by
the
Korea Communications Commission in a recent ruling against MCI), a Specific
Services
Provider Type 1 (which we want to be) cannot resell International Private
Leased Circuits
wholesale. Only a Facilities Based provider (Network Services Provider) can
do resale of
International Leased Lines under the current law. We do not want to be a
Network Services Provider because an NSP can not exceed 49% foreign ownership
and has immense responsibilities.
Factual Background:
We want to be a specific services provider Type 1 (reseller with facilities
such
as servers and switches). Under the law as interpreted in the recent ruling,
however, SSPs:
- can buy or lease international lines only from NSPs.
- cannot sell International Private Leased Circuits to other SSPs,
to Value-Added Service Providers (VSPs), or to ISPs.
- can sell international capacity only to end users, not to other
wholesalers.
The recent ruling came about when MCI (not a Network Service Provider) leased
international lines from an NSP in Korea and resold them to Goldman Sachs for
traffic
to Hong Kong. Korea Telecom brought a case against MCI to the Korea
Communications
Council (KCC) for decision. Kim and Chang, our Enron energy lawyers in
Korea, handled
the case (they did not disclose to us that MCI was the client).
The KCC ruled for KT and against MCI. I'm not sure yet why Goldman Sachs
was
treated as a wholesaler and not an end user which should have been legal. At
this point, however,
the situation is that if a foreign company tried to resell IPLCs wholesale,
any local NSP could bring a
complaint to the KCC, and would run the regulatory risk of being forced to
cease.
(The sources for this conclusion are Kim and Chang, the Ministry of Info and
Communications,
and the Korea Information Society Institute, a telecom policy think tank for
the Ministry.)
Options:
(1) Change the law. A revision of the law is drafted but does not fix this
and changes
are closed for this year. Amendments on the floor of Parliament are
impossible in Korea.
For a change in law, we would have to try in summer 2001 to get a
change in early 2002.
Change by Presidential Decree is also possible but is overkill. Not
feasible.
(2) Get a new interpretation from the Korea Communications Council that says
what we
plan to do in Korea in bandwidth is OK.
We would ask Kim and Chang to present our proposed plans to the
KCC
before we enter the bandwidth trading (BWT) market. We would
describe
it in a way that is sufficiently different from the MCI case.
Jae Moo made
this suggestion.
Pro: If we get a favorable ruling we are in business. We do
not have money
at risk unless the regulatory road is clear.
Con: an unfavorable ruling slams the door specifically on us.
Recommended Steps:
(1) We should explore this option with Kim and Chang.
Robbi or Michelle: if you agree, please contact Kim and
Chang to discuss this
and authorize start of this work if they agree with this
approach. I will work with
you to develop the scope of work and can operate with Kim
and Chang during the
work as necessary.
(2) We will contact MCI to get more facts on their case
including whether
they were selling to a wholesaler who sold to Goldman or
directly to Goldman.
We can say the Ministry mentioned their case. We should
probably not be thinking
about joint action with MCI at this point as we want to
say our case is different if we
can. I will explore facts with an MCI contact in Tokyo
and Craig will do same
in Singapore.
(3) Redefine where a sale of IPLCs takes place to have it not be in Korea.
Would
need legal/commercial creative analysis. Possible but uncertain
option.
(4) Redefine the product so as not to be a re-sale: If we buy capacity and
chop it up
into smaller pieces or alter it before we sell it, maybe we are not
re-selling what we
bought. But we may still have a problem if the new product is sold to
wholesalers.
Let's explore 3 and 4 above and similar ideas in a conference
call.
Robbi, can you set up a call on this with me, Donald,
you/Michelle,
Wayne Gardner, Craig Clark, Roger Estrada, Xi Xi ?
(5) Partner/j-v with a local firm already having the NSP status such as KT,
SK Telecom, Dacom, etc., or become an NSP. 49% foreign ownership
restirction.
Huge regulatory filing. Not feasible.
Parallel Actions:
(1 ) Take issue up with US Trade Representative (telecom) in DC (Jonathan
McHale).
Also work with local Amcham telecom committee and US Embassy.
We should do this in parallel with whatever option we choose.
I will work on this
with Steve Burns in DC when we are farther along.
(2) Work to promote understanding of the merits of BWT for Korea/elsewhere.
BWT was never contemplated in the laws and regulations. All our
contacts said BWT needed to be explained more widely in Korea
to gain
support. It is new even to the telecom think tanks. We
need to do
missionary work on this to develop public opinion. We need
to find
a noted PhD economist who is a great communicator who can
speak to the
think tanks in Korea, Singapore, Japan, etc. and give
interviews on
the merits of BWT for efficiency, promoting investment, etc.
This will
create the climate for regulators to change. I have one
possibility in mind
but suggestions of names welcome. I will propose this
separately to
Anthony later.
David |
---------------------- Forwarded by Judy Hernandez/HOU/ECT on 02/03/2000
11:23 AM ---------------------------
From: Andrea R Guillen 01/19/2000 11:08 AM
Sent by: Andrea R Guillen
To: Maria Sandoval/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Elizabeth
Soto/HOU/ECT@ECT, Cecilia Olvera/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT,
Pamela Sonnier/HOU/ECT@ECT, Phenicia Olivier/HOU/ECT@ECT, Rosa
Jaramillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kori Loibl/HOU/ECT@ECT,
Cassandra S Dutton/HOU/ECT@ECT, Hannah Ortiz/HOU/ECT@ECT, Chantelle
Villanueva/HOU/ECT@ECT, Alisha Guerrero/HOU/ECT@ECT, Judy
Hernandez/HOU/ECT@ECT, [email protected]
cc:
Subject: FW: FW: For all my women friends(
---------------------- Forwarded by Andrea R Guillen/HOU/ECT on 01/19/2000
11:06 AM ---------------------------
Margaret Smith <[email protected]> on 01/19/2000 10:40:58 AM
To: "'Adam'" <[email protected]>, Andrea R Guillen/HOU/ECT@ECT, "'Bill'"
<[email protected]>, "'Charlene'" <[email protected]>, "'David C'"
<[email protected]>, "'Doug'" <[email protected]>, "'Glenn'"
<[email protected]>, "'Gloria'" <[email protected]>, "'Imo Gene'"
<[email protected]>, "'Laura'" <[email protected]>, "'Lisa'"
<[email protected]>, "'Mykel'" <[email protected]>, "'Olivia'"
<[email protected]>, "'Paula'" <[email protected]>, "'Ruth'"
<[email protected]>, "'Stephani'" <[email protected]>, April Leger
<[email protected]>, Dianna Bailey
<[email protected]>, Dayna Dryden
<[email protected]>, Janet Price
<[email protected]>, Beth Friend
<[email protected]>, Velma Birks
<[email protected]>, Vickie Tonn
<[email protected]>
cc:
Subject: FW: FW: For all my women friends(
> >> From a woman who works in a police department:
> >>
> >>
> >> I have to share some things I have learned in my job
> >> with you.
> >>
> >> In my job, I review criminal and psychiatric files of
> >> imprisoned sex offenders who are approaching their
> >> release date. I decide if they are likely to re-offend
> >> based on certain criteria and then civilly commit them
> >> to a sex offender treatment facility if I decide that
> >> they are at significant risk to re-offend
> >>
> >> I have read hundreds and hundreds of files, and have
> >> taken note of some of the mistakes women make. Let me
> >> preface this by saying that a woman is NEVER EVER EVER
> >> at fault for being raped or attacked, but there are
> >> definitely ways to reduce your risk of being a victim.
> >>
> >> Here are the most common mistakes women make that
> >> could result in them getting kidnapped, attacked,
> >> and/or raped:
> >>
> >> 1. Getting into the attacker's car when he pulls a
> >> gun and orders you to get into his vehicle.
> >>
> >> Most attackers don't want to shoot you ... they want
> >> you to get into the car so that they can drive you to
> >> a deserted place and torture you. Don't comply. Run
> >> screaming. It is MUCH more likely than not that he
> >> will just move on to an easier target.
> >>
> >> 2. Pulling over when a man drives alongside of you
> >> pointing at your car pretending something is wrong.
> >>
> >> If this happens, drive to the nearest well-lit and
> >> populated gas station and look the car over yourself
> >> (or ask an attendant). Never pull over. Believe it
> >> or not, many women have fallen for this for fear of
> >> their car spontaneously exploding in the middle of the
> >> road. Not likely.
> >>
> >> 3. Not locking your doors while driving.
> >>
> >> I have read several cases where the attacker simply
> >> walks up to a woman's car while she's at a traffic
> >> light and jumps in with his gun or knife drawn.
> >>
> >> 4. Opening your front door when you have not
> >> positively identified who is there.
> >>
> >> If you don't have a peep hole, get one. I've seen
> >> countless cases where the attacker gains access to his
> >> victims simply by knocking on their door.
> >>
> >> Don't let an attacker get into your home. He then has
> >> a private, relatively soundproof place to attack you.
> >>
> >> 5. Not being alert in parking lots.
> >>
> >> If you go to the grocery store at night, don't be shy
> >> about asking for an escort to your car. Too many
> >> women are abducted from parking lots or even raped in
> >> the parking lot.
> >>
> >> Look in your back seat before entering your car. Cars
> >> provide endless hiding places for attackers, both
> >> inside them and in between them.
> >>
> >> Be aware of your surroundings by looking to the left
> >> and right and behind you with your head up all the
> >> time. You may appear paranoid and look funny to
> >> others, but an attacker will think twice about
> >> approaching someone who appears so aware of what's
> >> going on.
> >>
> >> 6. Trusting a clean cut, honest looking stranger.
> >>
> >> I see mug shots of every sex offender in the state of
> >> Florida. They do not look like monsters. They often
> >> look like they could be your friendly grocer, bank
> >> teller, waiter, neighbor, clergy, doctor, etc. They
> >> are every age between 15 and 90, and probably beyond.
> >> Only a small minority actually look scary.
> >>
> >> I just read a case yesterday of a man with only one
> >> leg who beat up his victim with his crutch before he
> >> raped her. Who would have ever thought that a
> >> one-legged man could be a rapist?
> >>
> >> 7. Trusting people to be alone with your children.
> >>
> >> This is a difficult one, because child molesters end
> >> up being the LAST person the parents would believe is
> >> the molester.
> >>
> >> Most of the child molesting cases I see involve the
> >> stepfather, the uncle, the sister's boyfriend, the
> >> mother's boyfriend, the grandfather, the baby-sitter,
> >> the neighbor, the family friend, the youth camp
> >> director, day care worker, etc. Although rare, even
> >> women can be molesters.
> >>
> >> In every case, the perpetrator is a nice guy,
> >> trusting, good with children, and the family is
> >> baffled or even in disbelief that the person could be
> >> abusing their child.
> >>
> >> When it comes to your children and grandchildren, be
> >> suspicious of everyone, no matter who they are. And
> >> pay attention to what your child says and how he/she
> >> reacts to the mention of different people in their
> >> lives.
> >>
> >> I didn't mean to make anyone uncomfortable with this,
> >> but I am at work right now reviewing files, and
> >> realized that this email is a way I can reach many
> >> women at one time. I have the dirty job of reading
> >> all these files, and it makes me feel good to know
> >> that I can share some inferences from what I have
> >> learned. This is not an exhaustive list of what not
> >> to do, but just some things that I have observed more
> >> than just a few times.
> >>
> >> Pass this on to the women in your lives
> >
> >
> >
> >
> >
> >
> >
> > |
FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 03/06/2001 12:36 PM -----
"Anne Kelly" <[email protected]>
03/06/2001 11:41 AM
To: "Julee Malinowski-Ball" <[email protected]>, "William Hall"
<[email protected]>, "Tony Wetzel" <[email protected]>, "Sue
Mara" <[email protected]>, "Steven Kelley" <[email protected]>, "Steve Ponder"
<[email protected]>, "Steve Iliff" <[email protected]>, "Stephanie
Newell" <[email protected]>, "Ross Ain"
<[email protected]>, "Roger Pelote" <[email protected]>,
"Robert Lamkin" <[email protected]>, "Richard Hyde"
<[email protected]>, "Randy Hickok" <[email protected]>, "Paula
Soos" <[email protected]>, "Nam Nguyen" <[email protected]>,
"Marty McFadden" <[email protected]>, "Lynn Lednicky"
<[email protected]>, "Larrea, John" <[email protected]>, "kent
Palmerton" <[email protected]>, "Ken Hoffman"
<[email protected]>, "Kate Castillo" <[email protected]>,
"Kassandra Gough" <[email protected]>, "Jonathan Weisgall"
<[email protected]>, "John Stout" <[email protected]>, "Joe
Ronan" <[email protected]>, "Joe Greco" <[email protected]>, "Jim
Willey" <[email protected]>, "Jeff Dasovich" <[email protected]>,
"Jack Pigott" <[email protected]>, "Jack Hawks" <[email protected]>,
"Hap Boyd" <[email protected]>, "Greg Blue" <[email protected]>, "Frank DeRosa"
<[email protected]>, "Eric Eisenman"
<[email protected]>, "Eileen Koch" <[email protected]>, "Ed Tomeo"
<[email protected]>, "Duane Nelson" <[email protected]>, "Doug Fernley"
<[email protected]>, "Dean Gosselin" <[email protected]>, "David
Parquet" <[email protected]>, "Curtis Kebler"
<[email protected]>, "Curt Hatton" <[email protected]>,
"Craig Chancellor" <[email protected]>, "Cody Carter"
<[email protected]>, "Carolyn Baker" <[email protected]>, "Bob
Gates" <[email protected]>, "Bob Escalante" <[email protected]>,
"Bob Ellery" <[email protected]>, "Bill Woods" <[email protected]>, "Bill
Carlson" <[email protected]>, "Quan-Hill, Danielle"
<[email protected]>, "Theo Pathos" <[email protected]>, "Susan
McCabe" <[email protected]>, "Scott Govenar"
<[email protected]>, "Ron Tom" <[email protected]>, "Robert Ross"
<[email protected]>, "Phil Isenberg" <[email protected]>, "Mike Monagan"
<[email protected]>, "Maureen OHaren" <[email protected]>, "Marie Moretti"
<[email protected]>, "Jamie Parker" <[email protected]>, "Hedy
Govenar" <[email protected]>, "DJ Smith" <[email protected]>,
"Delany Hunter" <[email protected]>, "Chuck Cole"
<[email protected]>, "Cary Rudman" <[email protected]>, "Bev
Hansen" <[email protected]>, "Rina Venturini" <[email protected]>
cc: "Jan Smutny Jones" <[email protected]>, "Steven Kelley" <[email protected]>,
"Katie Kaplan" <[email protected]>, "Chris Ellison" <[email protected]>, "Andy
Brown" <[email protected]>, "Doug Kerner" <[email protected]>, "Carolyn
Baker" <[email protected]>
Subject: Re: SB 28x amended
Julie: I see that ABX1-8 (Migden) is set for hearing tomorrow morning in
Assem. Appropriations. Does IEP have proposed language yet?
----- Original Message -----
From: "Julee Malinowski-Ball" <[email protected]>
To: "William Hall" <[email protected]>; "Tony Wetzel"
<[email protected]>; "Sue Mara" <[email protected]>; "Steven Kelley"
<[email protected]>; "Steve Ponder" <[email protected]>; "Steve Iliff"
<[email protected]>; "Stephanie Newell"
<[email protected]>; "Ross Ain" <[email protected]>;
"Roger Pelote" <[email protected]>; "Robert Lamkin"
<[email protected]>; "Richard Hyde" <[email protected]>; "Randy
Hickok" <[email protected]>; "Paula Soos"
<[email protected]>; "Nam Nguyen" <[email protected]>;
"Marty McFadden" <[email protected]>; "Lynn Lednicky"
<[email protected]>; "Larrea, John" <[email protected]>; "kent
Palmerton" <[email protected]>; "Ken Hoffman"
<[email protected]>; "Kate Castillo" <[email protected]>;
"Kassandra Gough" <[email protected]>; "Jonathan Weisgall"
<[email protected]>; "John Stout" <[email protected]>; "Joe
Ronan" <[email protected]>; "Joe Greco" <[email protected]>; "Jim
Willey" <[email protected]>; "Jeff Dasovich"
<[email protected]>; "Jack Pigott" <[email protected]>; "Jack Hawks"
<[email protected]>; "Hap Boyd" <[email protected]>; "Greg Blue"
<[email protected]>; "Frank DeRosa" <[email protected]>; "Eric
Eisenman" <[email protected]>; "Eileen Koch" <[email protected]>;
"Ed Tomeo" <[email protected]>; "Duane Nelson" <[email protected]>; "Doug
Fernley" <[email protected]>; "Dean Gosselin"
<[email protected]>; "David Parquet" <[email protected]>; "Curtis
Kebler" <[email protected]>; "Curt Hatton"
<[email protected]>; "Craig Chancellor" <[email protected]>; "Cody
Carter" <[email protected]>; "Carolyn Baker"
<[email protected]>; "Bob Gates" <[email protected]>; "Bob
Escalante" <[email protected]>; "Bob Ellery" <[email protected]>;
"Bill Woods" <[email protected]>; "Bill Carlson"
<[email protected]>; "Quan-Hill, Danielle"
<[email protected]>; "Theo Pathos" <[email protected]>; "Susan
McCabe" <[email protected]>; "Scott Govenar"
<[email protected]>; "Ron Tom" <[email protected]>; "Robert Ross"
<[email protected]>; "Phil Isenberg" <[email protected]>; "Mike Monagan"
<[email protected]>; "Maureen OHaren" <[email protected]>; "Marie Moretti"
<[email protected]>; "Jamie Parker" <[email protected]>; "Hedy
Govenar" <[email protected]>; "DJ Smith" <[email protected]>;
"Delany Hunter" <[email protected]>; "Chuck Cole"
<[email protected]>; "Cary Rudman" <[email protected]>; "Bev
Hansen" <[email protected]>; "Anne Kelly" <[email protected]>; "Rina Venturini"
<[email protected]>
Cc: "Jan Smutny Jones" <[email protected]>; "Steven Kelley" <[email protected]>;
"Katie Kaplan" <[email protected]>; "Chris Ellison" <[email protected]>; "Andy
Brown" <[email protected]>; "Doug Kerner" <[email protected]>
Sent: Tuesday, March 06, 2001 8:43 AM
Subject: SB 28x amended
> Attached is the amended version of SB 28x (Sher/Battin) which contains
> several changes to the siting process, including many sponsored by IEP.
The
> bill is being heard in the Senate Energy Committee today.
>
>
> Julee Malinowski-Ball
> Senior Associate
> Edson + Modisette
> 916-552-7070
> FAX-552-7075
> [email protected]
>
>
>
> |
Vince,
Please find below some text for Eric's letter. I hope it is helpful for your development of the letter. If you have questions or would like some other information, please let me know. Also, on the question of Enron letterhead, I suppose the desired form of submission is via the web site. Unless you have electronic letterhead, the issue may be moot.
Martin
Eric Cope worked as a summer associate in the Research Group during the summer of 2001. During this time, Eric worked on a variety of projects requiring a diverse set of skills. In all cases, he quickly grasped the scope and context of the problems at hand. While some direction was given in each case, Eric was often charged with developing the approach details independently, and he executed the tasks very effectively.
One major project for the summer was to develop a web-browser-based trading simulation platform (TSP). The TSP would create user accounts, require user logons, post simulated market information, post simulated commidity prices, accept and execute buy and sell transactions for users, and track user account information such as positions, order history, and buying power. The TSP would allow for the use of human users as well as software agent. Simulated commidity prices could be histroical prices, ficticious calculated prices, or bid/offer prices based on some update algorithms. The primary goal was to create a framework to test different udpate algorithms and trading strategies.
Eric immediately arranged for the appropriate reference materials to develop the database and associated software infrastructure. In short order, a simple site was up for users to create accounts and begin "trading" commodities. The project ended before extensive algorithm evaluation could begin, however, the TSP goes a long way to making such evaluations possible.
Other projects included the development of forecast models for motion picture box office revenues, advertising media placement prices, and long-distance voice telephony prices. In many of the cases, data were scarce, as were definitive instructions. Eric analyzed the problem to develop a focused approach, always in consultation and discussion with others, but never with "hand-holding" or intense oversight. His co-workers and immediate supervisor quickly developed confidence in Eric's ability to take general direction and achieve productive results. Such confidence and ability is crucial in an environment with limited structure, such as we had.
-----Original Message-----
From: Kaminski, Vince J
Sent: Friday, January 25, 2002 1:00 PM
To: Lin, Martin
Subject: FW: Reference request regarding Eric W Cope S05371/R966
Martin,
A request for the letter of recommendation.
Vince
-----Original Message-----
From: [email protected]@ENRON
Sent: Thursday, January 24, 2002 8:03 PM
To: Kaminski, Vince J
Subject: Fwd: Reference request regarding Eric W Cope S05371/R966
Content-Transfer-Encoding: 7bit
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Date: Thu, 24 Jan 2002 17:38:57 -0500 (EST)
Message-Id: <[email protected]>
From: AT&T Web Resume Database <[email protected]>
To: [email protected], [email protected]
Subject: Reference request regarding Eric W Cope S05371/R966
X-Mailer: Unknown (No Version)
Content-Type: text/plain; charset="US-ASCII"
Dear Colleague:
Eric W Cope has submitted an application to AT&T Labs,
with a request that we seek a reference letter from you in support of this application.
We thank you in advance for providing this letter. The reference letters are
a very important part of our evaluation process, but we also recognize that
they call for a significant measure of time and attention on your part.
In this message, we first describe below the three options for submittal
of the letter, and then, in the final paragraphs, you will find some
comments about the nature of the job applied for.
We know your time is precious, so we have tried to make the
process as efficient as possible. If you have access to a browser
from your mailer, then the easiest thing is to use the URL given below:
http://www.research.att.com/~kbl/cgi-bin/resumedocs/S05371/R966
Via this web page, you can submit text, html, postscript, or pdf files.
Please note that this URL should be used ONLY by you, and ONLY for
this particular student. It is linked directly to the student's resume,
and the processing occurs automatically and immediately.
-----------------------------------------------------------------------
If it is inconvenient to use the URL, you may email your letter by replying
to this email, but please help us out, if you use this option, by sending
the letter as plain text only, not as a word processor file, without indent, and
not as an attachment. Also please make sure that your mailer includes
the entire subject line in your reply message.
If you use this option, please note that the processing of your letter
will occur manually, and therefore may entail a considerable delay.
Our system will format the emailed text appropriately for display, unless
you ask that it be treated as fixed-format.
-----------------------------------------------------------------------
As a third option, if you prefer you may submit your letter as hard copy. Please
note that we discourage this approach, since electronic letters can be
distributed far more effectively to the hiring managers. However, if you
wish, please see http://www.research.att.com/academic/Addresses.html
for information on the proper address to use for various purposes.
-----------------------------------------------------------------------
Finally, a word about the position for which the student has applied:
This student has applied for a summer internship.
We hire summer interns roughly from the third year of undergraduate
work through graduate school. The summer projects vary in level,
depending on the student involved. The students normally work in
a one-on-one fashion with a member of staff on some facet of the
ongoing research work in the lab, but they are expected to function
somewhat independently after an initial period of familiarization
with the work. Accordingly, we are interested in information you
may have as to the student's adaptability, ability to learn new
material, and to work effectively with minimal supervision.
Thank you in advance for your cooperation.
Ken Lyons,
AT&T Labs Web Resume Database |
Mark,
Home is:
Yew Tree Cottage
Hammer Lane
Warborough
OX10 7DJ
Phone: +44 (0) 1865 - 85 85 15
Cell: +44 (0) 7973 - 85 85 15
What are yours?
Martin
>
> I have made note to your new email address.
>
> When I make it over to London again, you will be one of the first that I
> contact. Could you send me your home number and address?
>
> Great luck running the search firm,
>
> Mark
>
> -----Original Message-----
> From: Martin Joergensen [mailto:[email protected]]
> Sent: Friday, October 26, 2001 6:47 AM
> To: McConnell, Mark
> Subject: FWD:Hello from Houston
>
>
> Mark,
>
> "Godav" to you too. And great to hear from you again.
>
> Yes, certainly the world has changed since we last met. As it turned out
> I was
> in the Enron building in London when it all happened on Sep 11. And to
> all of
> us in London, that moment has been as defining as it has been to you in
> the
> States.
>
> - With one exception: We have had terrorism here for a very long time.
> So much
> so that I have learned to tell the difference between the sounds of an
> IRA
> semtex bomb and a Palestinian fertiliser one...
>
> And life goes on. I keep reminding everybody how many people die in the
> traffic
> every day, and that I shall have to go someday anyway. So even though
> London
> probably is high on the hit list, I have not changed my lifestyle
> significantly.
>
> Now it looks like EBS definitively is closing down in Europe. Personally
> if
> find it a shame, since I rather valued the people in the group, but
> probably it
> was inevitable.
>
> But I am pleased that you have moved into the Oil and Gas part of Enron.
>
> Whatever the current woes of Enron Corp, that sector is doing fine as a
> whole.
>
> My own stray into telecomms components did not last long. I was out
> after 3
> months on the back of completely collapsing sales in the US.
>
> Now I have ventured into Executive Search, where I am working as COO for
> a
> small group with 70 staff in 10 countries. I am not "hunting" myself,
> but
> rather involved in corporate issues such as reporting contracts and
> business
> development. We are hoping to place some Eastern European engineers into
> a
> Houston company before long, but I am not expecting to have to go there
> for
> some time to come.
>
> You may notice that I am sending this e-mail from a new address. I am
> trying to
> face out the old one, since it has caused me endless problems. So in
> future
> please use the new one: [email protected] (heelas being my
> wife's
> maiden name).
>
> I am very pleased to hear that you are well, but would rather hope that
> you
> could find an excuse to come to London, even if your pipelines do not
> reach
> that far...
>
>
> All the best,
>
>
> Martin
>
>
>
> Forwarded Message:
> > To: [email protected]
> > From: "Martin B Joergensen" <[email protected]>
> > Subject: FWD:Hello from Houston
> > Date: Fri, 26 Oct 2001 05:45:00 -0500
> > -----
> >
> > ----------------------------------------------
> > Original Message
> > From: "McConnell, Mark"<[email protected]>
> > Subject: Hello from Houston
> > Date: Mon, 22 Oct 2001 14:09:09 -0500
> >
> > >
> > >Mr. Joergensen,
> > >
> > >A big "Howdy" from your Texas friend.
> > >
> > >I was so glad to get your voice message the other day (week). It is
> > >always nice to pick up a voicemail and have it turn out to be a
> > >colleague from the not so distant past. I hope you and your family
> are
> > >doing well.
> > >
> > >As EBS changed direction, I did as well. I decided to get back to my
> > >roots in the gas and gas asset business. I looked inside of Enron
> and
> > >also with some outside companies and decided to work with
> Transwestern
> > >pipeline (an Enron company). I've been here for about a month and
> all
> > >is well. The people here are very nice and very genuine (just like
> my
> > >old friends from London). It is weird to actually have a product to
> > >sell - if you know what I mean. I think I'll like it but I'm already
> > >missing my travels in your neck of the woods. Also, I'm home so much
> > >now, my wife doesn't know what to do with me.
> > >
> > >I'm still saddened by the demised of our Blockbuster/VOD deal. It
> was a
> > >great concept and it worked. Oh well. We'll see it someday, I'm
> just
> > >not sure who is going to win the race on getting it to the public in
> > >bulk.
> > >
> > >Christian sent an email to me and he seems to be doing fine, loving
> Rio
> > >but still looking for a job. Speaking of that, I hope your job is
> going
> > >well and as secure as it can be in today's climate.
> > >
> > >It is a strange time here in America. The terrorist attacks, the
> > >retaliation in Afghanistan and the constant update on new discoveries
> of
> > >the spread of Anthrax are constantly being talked about and on every
> > >news channel. It is amazing how a handful of people>sadness and
> effect the
> world in so many ways. There is no doubt that
> > >the spirit of the people will prevail.
> > >
> > >Take care Martin. It was great to hear your voice.
> > >
> > >Mark
> > >
> > >
> > >
> > >Mark McConnell
> > >Transwestern Pipeline Company
> > >713-345-7896 office
> > >713-822-4862 cell
> > >713-646-2551 fax
> > >[email protected]
> > >
> > >
> > >
> >
> >**********************************************************************
> > >This e-mail is the property of Enron Corp. and/or its relevant
> affiliate
> > and may contain confidential
> > >and privileged material for the sole use of the intended recipient
> (s).
> > Any review, use, distribution
> > >or disclosure by others is strictly prohibited. If you are not the
> > intended recipient (or authorized
> > >to receive for the recipient), please contact the sender or reply to
> Enron
> > Corp. at [email protected]
> > >and delete all copies of the message. This e-mail (and any
> attachments
> > hereto) are not intended to be
> > >an offer (or an acceptance) and do not create or evidence a binding
> and
> > enforceable contract between
> > >Enron Corp. (or any of its affiliates) and the intended recipient or
> any
> > other party, and may not be
> > >relied on by anyone as the basis of a contract by estoppel or
> otherwise.
> > Thank you.
> >
> >**********************************************************************
> > >
> >
> > _____________________________________________
> > Free email with personality! Over 200 domains!
> > http://www.MyOwnEmail.com
> >
> >
>
>
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Here are some more thoughts:
FERC should take a hard look at why the ISO is almost always in an "inc"
situation in real time. Without structural incentives to go short into real
time, I would expect the CAISO to "inc" in some hours and "dec" in others --
with no consistent patterns.
The IOU's have four choices for purchasing power: PX Block Forward, PX Day
Ahead, PX Day Of, and CAISO Ex Post. They had ample opportunity to purchase
lower cost power in the PX Block Forward but didn't buy enough. That left
them short in the Day Ahead. They can reduce Day Ahead prices by moving some
of their load to the Ex Post market. Dave Parquet did an Econ 101
presentation on this incentive at the CAISO board meeting in June.
The ISO remains primarily in "inc" mode even during the shoulder months when
prices are lower, another indicator that the real time "inc" problem is
driven by the load side rather than the supply side. The IOU's continue to
go short into the ISO Ex Post market even when the CAISO Ex Post price is
consistently above the PX Day Ahead price.
There is evidence that the IOU's are not willing to pay above the CAISO price
cap for energy from the PX in the Day Ahead market. Does it matter that the
price cap for the ISO also acts as a PX price cap?
The NOx market in California is very tight. How has this contributed to
higher costs and has the complete lack of available NOx credits prevented any
generators from running?
How large was the impact of the below normal water year on the supply side?
The attached presentation quantifies this effect in the Northwest. (I have a
theory on how hydro capacity completely overstates reserve margins in the
west from an economic perspective. I can go into more detail if you wish.)
Friction between California PX and ISO markets and other western markets.
For example, why are actual flows going into the state yet prices out side of
the state are higher? Another example of anomylous behavior is at COB on
8/11 and 8/12. There was congestion from California TO the northwest those
days in the Day Ahead market. In real time the NW ended up being a net
seller of about 3,000 MW from the NW TO California.
Demand Side - we really need to press on this issue because all of the
proponents of price caps claim that as soon as the demand side is "workably
competitive" then there is no need for price caps. Is large-scale economic
demand response required for a competitive market? What if demand response
is there, but at very high prices? The demand response in California is a
joke. With 2700 MW of interuptible, why did the utilities and the CAISO only
get around 600 MW of economic demand response. Much of this response comes
at $1500/MWh. The assymetric treatment of supply side resources and demand
side resources can be justified on environmental grounds, but not economic
grounds. So why this assymetric treatment? This gets to the question of the
fine line between "scarcity rents" which are ok, and market power which is
not. If power is scarce, and demand truly values it at $1500/MWh then
shouldn't that be the price. At what price would the rest of the
interuptible load economically curtail? Bottom line -- there are about 2,000
MW of load that should be able to respond to price signals that chooses not
to or values power at more than $1500/MWh.
Burden of proof -- what empirical measures should be used to assess market
power? The reports published to date have been unimpressive. The Market
Analysis Unit report, for example, does a bunch of handwaving and then
concludes that there is market power. But they never explain why. I would
think that proof might be something like this: Generator X sets price y% of
the time when loads exceed Z MWs. Or, four generators set price 80% of the
time when prices exceed $200/MWh. They have all the data to be able to tell,
yet they don't provide any empirical measures. The only test I've heard of
so far is the UC Energy Institute report that demonstrates that generators
are submitting bids above their marginal cost. The PX report states that
supply bids are fewer and at higher prices than last year. They fail to
mention the fact that there are 5,000 fewer MW of hydro this year relative to
last.
James D Steffes@EES
08/17/2000 06:18 AM
To: Tim Belden/HOU/ECT@ECT, Jeff Dasovich/SFO/EES@EES, Mary Hain/HOU/ECT@ECT,
Susan J Mara/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Bruno
Gaillard/SFO/EES@EES, Sarah Novosel/Corp/Enron@ENRON, Paul
Kaufman/PDX/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON
cc: Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES
Subject: FERC INVESTIGATION IN CA - What should they be looking for?
As we begin to meet with FERC Staff on the Wholesale market issues related to
CA problems, I think that we need to put together a list of questions that
FERC needs to be asking Western power market participants.
The following are some questions that I think are important to have FERC ask;
I'm sure there are more.
1. Were California utilities underscheduling load into the PX day ahead
market?
2. How many MWs did the CA ISO procure during each hour during the Summer
2000? How does this compare with CA ISO procurement during 1999?
3. Has PG&E changed its bidding behavior associated with its Hydro facilities
in 2000?
3. Are there baseload facilities that were operated differently in 2000 than
in 1999?
4. Were any generation plants off-line due to unplanned maintenance during
Summer 2000?
5. How did the CA ISO demand side program work? Why didn't more load
participate?
6. What options did SDG&E have to "hedge" its retail rates? What were prices
in the CAL PX block forward market on Jan 15, 2000 and May 15, 2000?
7. How high did natural gas prices go in California for generation during
Summer 2000?
8. Were other Western power markets prices higher (year-on-year)?
9. Did the CA ISO Board face political pressure to reduce bid caps? Is this
appropriate for a FERC jurisdictional entity?
10. What specific details is SDG&E referring to in its Complaint on
"unworkably competitive" CA ISO markets? Can these be fixed "quickly"?
Please add other questions.
Jim |
Dr. Lay:
You will be pleasantly surprised to receive this e-mail from an Enron
Employee.
Please note that you are the first and only person in Enron that will know
about the endeavors that this e-mail discusses.
Background:
In 1986 while I was taking a graduate course in Economics as part of my MBA
program, I started to think that there exists some similarities between
Economics and Thermodynamics. In 1988, I discussed my initial thoughts with
Dr. Ibrahim Oweiss, professor of Economics at Georgetown University and we
agreed to investigate this topic. Since that time, I worked with Professor
Oweiss on and off investigating the subject. In the last couple of years, we
started to make good progress, that was culminated recently by submitting
three papers for publication (see table below).
List of Papers
# Paper Title Abstract Status
1 On the Analogies between &Economics8 and &Thermodynamics8 Part I: &Basics8
This part identifies certain analogies between Economics and Thermodynamics.
The analogies between &Abilities8 and &Energy8, &Utility8 and &Work8,
&Capital8 and &Heat8, &Marginal Utility8 and &Pressure8, &Relative Income8
and &Temperature8, as well as &LABOR EFFORT8 and &Entropy8 are discussed.
This part concludes that the suggested analogies bring about new approaches
that will explain some economic complexities by borrowing or building upon
some concepts, theories and experiences in Thermodynamics.
Part II: &Applications8
This second Part builds upon the basics introduced in Part I where analogies
between Economics and Thermodynamics have been drawn. In this Part, the
application of the analogies is utilized to analyze some of the topics
economists deal with. This Part presents a fresh approach that holds
promising vehicles that can explain some of the paradoxes economists have
been facing for years. Submitted for publications as a working paper at the
Department of Economics at Georgetown University. (November 2000)
2 A New Approach to
&Production Theory8 This paper introduces a fresh approach to the Production Theory.
Unlike the conventional approach of relating production to Capital and Labor
along the line suggested by Cobb Douglas, the approach this paper takes is
relating the production to utility change which in turn is related to changes
in capital and labor effort.
This approach affords more generality and helps in the explanation of some
paradoxes that the Cobb Douglas theory could not explain. Submitted for
publications in &Economic Theory8, (October 2000)
3 The Capital Engine Concept This Paper presents a fresh approach that explains
several observations in economics.
The concept is used to discuss some of the trends the economic growth theory
exhibits.
It is also used to explain gains in productivity associated with technology
improvements.
The Capital Engine concept presented in this paper could serve as a basis for
new growth theory. Submitted for publications in &Economic Theory8, October 2000)
A fourth paper entitled "Innovation: Why" is under preparation. In this
paper, we are able to substantiate based on the concept of the Capital
Engine that innovation is the most important driver for economic growth. You
can see why I chose these two words in the title of the paper from my Enron
world.
I have been collaborating with Professor Oweiss on my own time and I am
pleased that we managed to get to this point. Professor Oweiss and I are now
convinced that we have reached some breakthroughs that could revolutionize
the study of Economics. We also feel that we can build further on what we
reached, and even making more valuable contributions.
I am sure that you will be pleased to learn of the above, of course being an
Economist you shall appreciate it even more.
As I reach this critical stage on our path of this research project, I would
like to seek Enron support in two areas:
I. Patent(s) / Copy Righting:
I feel that the contributions that are covered in the three papers are
original and may warrant patenting / copy righting.
Since I am the primary author of these papers I wanted to have some
credit go to Enron.
II. Grant / Sponsorship:
I feel that my endeavors which have been purely on my own personal time
so far, need to be replaced by a more concerted effort now that we have
reached a
critical mass. Towards this end, Dr. Oweiss and myself are taking steps
to get funding from the National Science Foundation for a joint research
project that
would be carried out through the Georgetown University.
I do not know of any particular programs within Enron that would afford
me the opportunity to complete a project like the one we are envisaging.
I feel that such a research program will be very valuable. I am further
convinced that such program will not be only of an academic value but it will
have
significant impact to the business world.
I trust that the publicity that Enron being the leading company in
innovation would get out of the success that I am hoping for the proposed
research project will be many folds the amount of money Enron would
contribute to the proposed effort.
I would be delighted to send you copies of the three papers and / or make a
brief presentation on the subject.
I wish to thank you for taking the time to read the above e-mail amid your
busy schedule.
Regards,
Hemmat Safwat
General Manager,
Development Engineering
Enron Middle East
I |
Roger - thanks for the review; we want to raise the "wholesale distribution"
concept
Jeff - we will rely on GA to identify our most successful forum (e.g.
workshop, hearing, other); generally we are in support of this proposed
decision as it establishes a CPUC/CEC commitment to address "behind the
meter" competition and the role of the UDC
Phil - we will require technical engineering experts for the workshops and
hearings
Greg
---------------------- Forwarded by Greg Cordell/HOU/EES on 10/12/99 09:38 AM
---------------------------
Roger Yang
10/11/99 12:44 PM
To: Jeff Dasovich/SFO/EES@EES
cc: Greg Cordell/HOU/EES@EES
Subject: CPUC Draft Decision on Distributed Generation and Electric
Distribution Competition
Jeff,
The purpose of this e-mail is to reply to your e-mail to EESO requesting
input on the CPUC's draft decision on distributed generation and electric
distribution competition. As you already know, EESO is very interested in
"behind the meter" competition including distributed generation, as well as
other competitive opportunities. I understand that decision puts forth
procedures and identifies issues that need to be addressed for distributed
generation and electric distribution competition. The decision does not
address an opinion on the issues identified; hence, I will not be providing
EESO's position on the issues. The decision provides for testimony on issues
at a later point in time. We will defer to Government Affairs expertise on
what are the most appropriate procedural steps. I will limit my analysis to
identifying any issues that were not addressed by the decision.
The following is an outline of issues that I believe were identified by the
decision:
I. Retail Competition
A. Wires Competition
1. Distributed Generation/Distributed Energy Resources
a. Interconnec tion (Workshop)
Definitions
Size Limitations
Voltage Level Interconnection options
Changes to Rule 21 for broader application, eliminating QF distinctions
"Type Testing"
Safety (Testimony)
Islanding (Workshop)
Statutory Amendments
b. Ownership an Operational Control (Staff Report)
Siting
Jurisdiction
UDC and affiliate ownership (Testimony)
c. Environmental Impacts
Air Quality
Visual Impacts
Noise Impacts
d. Rate Design and Cost Allocation
Cost Shifting
Stranded Investment (Testimony)
Bypass Fee (Testimony)
Standby Rates, including Firm v. Non-Firm (Testimony)
Flexible Rate Offering
e. Distribution System Planning Process (Workshop)
System Benefits
Reliability
Losses
Deferral of Distribution Investments
Relieve Constraints
DG Distribution Valuation System (Testimony)
Additional costs
Impacts on PBR
f. Net Metering (Testimony)
Statutory Limitations
Rate bypass Issues
Public Purpose Programs
Consistency for all generation technology
g. Dispatch and Scheduling of Excess Generation (Workshop and Testimony)
Market Power
Must Run
Statutory clarification on what is a utility
Jurisdiction
h. Future Role of UDC (Testimony)
i. Distribution Service for Generators
Distribution-only Service (Testimony)
Jurisdiction (Testimony)
Unbundle Voltage Service Levels
j. Other
Impacts on California Air Resources Board
Emissions Credits
Impacts on Local Air Quality Districts
Local Governments
Building Codes & Permits
California Environmental Quality Act (Workshop)
2. Competition with Irrigation and Municipal Districts (Energy Division
Report)
a. Local Government Franchises
b. Stranded Costs
c. Rate Flexibility
d. Statutory Amendments for uniform construction, inspecition, reliability &
safety standards
e. Obligation to serve
f. Statutory Amendments for uniform Public Purpose Program requirements
g. Local government tax advantages
3. Privatization of Distribution (Energy Division Report)
a. Safety & Construction Standards
Interconnection
b. Uniform Standards
Jurisdiction
Legislative clarification
c. Obligation to Serve
d. Line Extension Rules
e. Public Purpose Program charge bypass
Alternate ways of funding
f. Wires only service unbundling
g. Rate Design
Bypass Charge
Standby
Rate Flexibility
Average Rate Structure
h. Master-Meter & Submetering
Impact on construction costs
DSM cost effectiveness
Price Signals
Scale
Safety and Reliability
Impact on Direct Access Customer Choice
Cost Shifting
Legislative Amendments
Submetering Accuracy
Local Government Weights & Measures
Rates to submeter customers
4. Rights-of-Way Competition (Energy Division Report)
a. Cooperation of Local Government
5. Independent Distribution Operator
a. Pros/Cons
b. Costs
c. Use of ISO
B. Energy Competition (Energy Division Report)
1. Clear Separation of Monopoly & Competitive Services
a. Cross-subsidies
2. Provider of Last Resort v. Default Provider
a. Competition for Default Provider Role
b. Monopsony Market Power to influence market prices
c. Mandarory PX Buy Requirement for Provider of Last Resort
d. Economies of scale enjoyed fy the Default Provider
C. Other (Energy Division Report)
1. Social, Labor, and Economic Impacts
2. DG Consumer Education
I believe this is a fairly comprehensive list. However, there are some
issues that I believe should either be identified or if already identified
better defined. First, in the Energy Division's assessment of Energy
Competition and the clear separation of monopoly and competitive services,
the Energy Division should identify all of the assymetric rules,
responsibilities, and expectations placed upon ESPs compared to those of the
UDC default service provider. For instance, hourly interval metering
requirements only apply to direct access customers and not to standard offer
customers. Costs to fulfill regulatory requirements by the ESP are expected
to be recovered from market transactions; whereas, the utilities recover
these costs in non-competitive service rates. These are examples of
competitive barriers that disadvantage ESPs. Secondly, the decisions
reference to Standby Service on page 17 inappropriate implies that Standby
Service is only available from the UDC, when in fact ESPs can supply Standby
Generation Service as well. The issue of Standby Service needs to unbundle
Standby T&D service from Standby Generation service, where these two issues
are looked at independently. Third, in addressing the Distributed
Generation issue of distribution service for excess generation the issue of
bidirectional distribution service needs to be more fully explored. In other
words, if the customer is expected to pay for distribution service as a load,
some of the costs of distribution service for excess generation should be
offset by the payments already paid for distribution charges to the load.
Fourth, the issue of voltage service levels is in part addressed with respect
to interconnection. Discounts for voltage service levels should be addressed
with respect to both loads and generation. Finally, the issue of
interruptible service should also be addressed, because it is an unresolved
issue that is related to the issues above about distribution system benefits.
Roger |
Total Trades for Day 334
EOL Trades for Day 184
ICE Trades 51
EPMI ICE Trades 8
EOL Deals From: 11/01/2001 To: 11/20/2001 EnPower From: 11/01/2001 To: 11/20/2001
Desk Total Deals Total MWH Desk Total Deals Total MWH
EPMI Long Term California 582 9,825,856 EPMI Long Term California 56 2,013,529
EPMI Long Term Northwest 306 4,335,200 EPMI Long Term Northwest 138 3,635,854
EPMI Long Term Southwest 378 8,612,991 EPMI Long Term Southwest 241 16,728,723
EPMI Short Term California 1,508 1,984,552 EPMI Short Term California 544 1,243,338
EPMI Short Term Northwest 872 1,022,960 EPMI Short Term Northwest 375 638,357
EPMI Short Term Southwest 1,112 1,528,144 EPMI Short Term Southwest 586 2,306,551
Real Time 1,075 27,475 Real Time 439 38,577
Grand Total 5,833 27,337,178 Grand Total 2,379 26,604,929
EOL Deals From: 11/20/2001 To: 11/20/2001 EnPower From: 11/20/2001 To: 11/20/2001
Desk Total Deals Total MWH Desk Total Deals Total MWH
EPMI Long Term California 40 834,000 EPMI Long Term California 0 0
EPMI Long Term Northwest 27 376,000 EPMI Long Term Northwest 20 31,368
EPMI Long Term Southwest 12 140,800 EPMI Long Term Southwest 4 10,105
EPMI Short Term California 29 39,904 EPMI Short Term California 35 56,557
EPMI Short Term Northwest 6 7,400 EPMI Short Term Northwest 19 25,200
EPMI Short Term Southwest 24 24,600 EPMI Short Term Southwest 40 179,120
Real Time 46 1,150 Real Time 31 1,840
Grand Total 184 1,423,854 Grand Total 149 304,190
EOL Deals From: 11/20/2001 To: 11/20/2001 EOL Deals From: 11/20/2001 To: 11/20/2001
Long Term West Management Total Deals Total MWH Short Term West BOM Total Deals Total MWH
Daily 0 0 Daily 0 0
Month-to-Date EOL 9 2,200 Month-to-Date EOL 0 0
Enpower daily deals 0 0 Enpower daily deals 0 0
Month-to-Date Enpower 2 2,003 Enpower daily deals 0 0
EOL Deals From: 11/20/2001 To: 11/20/2001
EPMI California Services Total Deals Total MWH
Daily 0 0
Month-to-Date 0 0
Enpower daily deals 0 0
ICE Volumes From: 11/20/2001 To: 11/20/2001
Delivery Point Total MWH EPMI MWH Price
Cob (OP, Next Day) 1,000 0 $ 18.00
Mid C (HE 1700) 50 0 $ 18.00
Mid C (P, Next Day) 7,200 0 $ 17.83
Mid C (OP, Next Day) 9,000 0 $ 16.40
Mid C (P, Dec-01) 100,000 0 $ 30.57
Mid C (P, Mar-02) 10,400 0 $ 30.25
Mid C (P, Jul-02) 10,400 0 $ 32.25
Mid C (P, Sep-02) 9,600 0 $ 41.25
Mid C (P, Q1 02) 30,400 0 $ 31.50
Mid C (P, Q2 02) 30,800 0 $ 27.00
NP-15 (HE 1000) 50 0 $ 22.25
NP-15 (HE 1100) 50 0 $ 21.75
NP-15 (HE 1200) 50 0 $ 21.75
NP-15 (HE 1300) 25 0 $ 21.00
NP-15 (HE 1600) 25 0 $ 19.00
NP-15 (HE 1700) 50 50 $ 23.75
NP-15 (HE 1800) 50 0 $ 22.88
NP-15 (P, Next Day) 12,800 0 $ 22.31
NP-15 (OP, Next Day) 6,000 0 $ 19.25
NP-15 (P, Bal Month) 2,000 0 $ 25.25
NP-15 (OP, Bal Month) 1,600 0 $ 20.50
NP-15 (OP, Dec-01) 8,600 0 $ 26.00
NP-15 (P, Dec-01) 40,000 0 $ 33.00
Palo (HE 0900) 25 0 $ 17.00
Palo (P, Next Day) 16,800 4,000 $ 19.99
Palo (OP, Next Day) 3,000 1,000 $ 13.75
Palo (P, Bal Month) 10,000 0 $ 22.50
Palo (OP, Dec-01) 8,600 0 $ 18.75
Palo (P, Dec-01) 80,000 0 $ 27.81
Palo (P, Jan-02) 31,200 0 $ 30.57
Palo (P, Mar-02) 8,200 0 $ 21.25
Palo (P, May-02) 20,800 0 $ 34.38
Palo (P, Jun-02) 10,000 0 $ 43.25
Palo (P, Jul-02) 10,400 0 $ 55.00
Palo (P, Aug-02) 21,600 0 $ 60.63
Palo (P, Q3 02) 92,400 0 $ 55.08
Palo (P, Q2 03) 30,800 0 $ 38.75
Palo (P, Q3 03) 61,600 0 $ 57.38
SP-15 (HE 1000) 50 0 $ 19.00
SP-15 (HE 1100) 25 0 $ 21.00
SP-15 (HE 1200) 50 0 $ 19.75
SP-15 (HE 1300) 50 0 $ 21.38
SP-15 (HE 1400) 50 0 $ 21.38
SP-15 (HE 1700) 50 0 $ 21.38
SP-15 (HE 1800) 50 50 $ 19.75
SP-15 (HE 1900) 50 50 $ 23.25
SP-15 (P, Next Day) 28,800 0 $ 22.75
SP-15 (OP, Next Day) 7,000 0 $ 18.11
SP-15 (P, Bal Month) 4,000 0 $ 24.75
SP-15 (P, Dec-01) 30,000 0 $ 30.50
SP-15 (P, Q1 02) 60,800 0 $ 32.25
Grand Total 816,550 5,150 $ 1,373.08 |
Well, it's Mid October and I am checking on the status of the SBA Priority during Allocations. The new contracts are due to take effect November 1, 2001, and with cold weather already on the horizon we could be headed for the same types of problems we had last winter.
Do you have an estimated time of implementation? Let me know if there is anything else I can do to help.
Thank you for your help.
Reyna
-----Original Message-----
From: Cabrera, Reyna
Sent: Tuesday, September 04, 2001 3:42 PM
To: Medeles, Gerry
Subject: RE: SBA Priority during Allocations
Thank you Gerry...I'll email you again in Mid October.
-----Original Message-----
From: Medeles, Gerry
Sent: Tuesday, September 04, 2001 3:33 PM
To: Cabrera, Reyna; Kirk, Steve; Neville, Sue; Miller, Kent
Cc: Blair, Lynn; Bodnar, Michael; Buchanan, John; Kowalke, Terry; Black, Legale ; January, Steven
Subject: RE: SBA Priority during Allocations
I have worked up the requirements and the TMS IT group is evaluating the changes. Due to the CMS implementation we would not be able to implement this change. The earliest we might be able to implement is Mid to late October. If you have any questions please call. Thank you.
-----Original Message-----
From: Cabrera, Reyna
Sent: Tuesday, September 04, 2001 3:27 PM
To: Kirk, Steve; Neville, Sue; Miller, Kent
Cc: Blair, Lynn; Bodnar, Michael; Buchanan, John; Kowalke, Terry; Medeles, Gerry; Black, Legale ; January, Steven
Subject: RE: SBA Priority during Allocations
Gerry/Legale,
Would you be able to update us on the status of the SBA priority during Allocations? September 1st has rolled around really fast.
Thanks,
Reyna
-----Original Message-----
From: Kirk, Steve
Sent: Tuesday, August 21, 2001 11:02 AM
To: Cabrera, Reyna; Neville, Sue; Miller, Kent
Cc: Blair, Lynn; Bodnar, Michael; Buchanan, John; Kowalke, Terry; Medeles, Gerry; Black, Legale ; January, Steven
Subject: RE: SBA Priority during Allocations
Reyna, this is to confirm that the SBA-TI's should be scheduled after primary but before all other nominations. sjk
-----Original Message-----
From: Cabrera, Reyna
Sent: Tuesday, August 21, 2001 8:50 AM
To: Kirk, Steve; Neville, Sue; Miller, Kent
Cc: Blair, Lynn; Bodnar, Michael; Buchanan, John; Kowalke, Terry; Medeles, Gerry; Black, Legale ; January, Steven
Subject: FW: SBA Priority during Allocations
Steve,
Back in June we discussed the issue of the SBAs' priority during an Allocation. The Business Development group and Contracts are in the process of making the necessary changes so that CMS can distinguish ITs associated with SBA activity from other IT agreements and are second through the meter after Primary during allocations. For your information, below are the comments from the various people involved in this issue
Please let us know if you have any further concerns regarding this issue. Thanks for your continued help in this matter.
Reyna Cabrera
X33072
-----Original Message-----
From: Bodnar, Michael
Sent: Tuesday, August 21, 2001 6:47 AM
To: Blair, Lynn
Cc: Buchanan, John; Kowalke, Terry; Medeles, Gerry; Cabrera, Reyna; January, Steven
Subject: RE: SBA Priority during Allocations
I believe Reyna, et al, have held discussions with the Reg Types and received the green light to go forward, but I will confirm.
Regarding (2.), With the new contract system being developed, the monitoring of contract provisions via the system should be do-able. I am sure both CMS and TMS will be involved in the effort.
-----Original Message-----
From: Blair, Lynn
Sent: Tuesday, August 21, 2001 6:19 AM
To: Bodnar, Michael
Cc: Buchanan, John; Kowalke, Terry; Medeles, Gerry; Cabrera, Reyna; January, Steven
Subject: RE: SBA Priority during Allocations
Mike, thanks for the update. I have a couple of questions/comments:
1. Is Legal and Regulatory in the loop on these decisions?
2. Anything we can automate, I would like to ensure we have the automation on the enhancement
list. I like the idea of automating the last bullet. I am not sure if it is in CMS or elsewhere, but
I would like to be sure we pursue this automation.
Thanks. Lynn
-----Original Message-----
From: Bodnar, Michael
Sent: Monday, August 20, 2001 9:04 AM
To: Blair, Lynn
Cc: Buchanan, John; Kowalke, Terry; Medeles, Gerry; Cabrera, Reyna
Subject: FW: SBA Priority during Allocations
Lynn,
Below is a list of issues that were raised at the meeting held w/ Gerry and Reyna (attended by John and I) ......As far as I know, we haven't yet heard back from Sue regarding the issues raised.
....Immediately below is LT's response to adding a "hook" in CMS that would distinguish ITs associated with SBA activity from other IT agreements....
More as it develops!
-----Original Message-----
From: Trevino, Linda
Sent: Monday, August 20, 2001 8:41 AM
To: Cabrera, Reyna; Bodnar, Michael
Subject: RE: SBA Priority during Allocations
I don't have a problem adding a subtype on the IT's of SBA. I'm not sure I understand your last bullet. Can you give me more info.
LT
-----Original Message-----
From: Cabrera, Reyna
Sent: Tuesday, August 14, 2001 3:32 PM
To: Neville, Sue; Medeles, Gerry
Cc: Threet, Kay; Bodnar, Michael; Trevino, Linda
Subject: SBA Priority during Allocations
Sue,
During the meeting today with Gerry to discuss the SBA priority during allocations, some of the following issues came up: (Gerry, correct me if I misunderstood anything)
If we ever call an SBA to bring in gas after the timely cycle, do we still want them to have priority over Alternate and Interruptible? (my opinion is no, they should only have this priority during the timely cycle).
If the SBAs bring in gas at a secondary point, do we still want them to have priority over Alternate and Interruptible? (my opinion is no, they should only have this priority at Primary Points).
Are we aware that an Alternate shipper who has flowing rights from the previous day might get "squeezed" out of the same entitlement on a day that an SBA shipper is given priority over Alternate? Might have some mad shippers.
How will SBA volumes be posted on the EBB if there is an allocation: Interruptible???
Because the current methodology for allocation is based on a "point", they don't follow the downstream, will the IT contracts currently being used have to be identified through the contracts department as "SBA IT"?
This is for the future contracts system: Should we ask that the new contract system to automate all the manual processes of the SBAs such as account balance and carryover days in order for the system to be able to validate this criteria?
Reyna Cabrera
(713) 853-3072 |
Liz/Carol
Attached is the email I received from Kevin Meredith, which details the
current physical product option status on EOL, with examples.
Marcus
----- Forwarded by Marcus Nettelton/NA/Enron on 05/03/2001 11:40 AM -----
Kevin Meredith/ENRON@enronXgate
05/01/2001 12:45 PM
To: Marcus Nettelton/NA/Enron@ENRON
cc:
Subject: Physical options
Marcus,
I know this is quite an assortment of data, but I wanted to supply you with
enough to be useful. We have no US physical option products built. We have
plenty of US financial option products. If this information is confusing,
please do not hesitate to contact me.
German Pwr Phy Put - No products built
A Transaction with Enron Capital & Trade Resources Limited, under which the
Option Buyer determines, on the Exercise Date, whether, in case of a Put
Option, it shall deliver and the Option Seller shall take and pay for the
Contract Capacity at the Strike Price in respect of each hour during the term
of the Transaction. The Contract Capacity shall be the volume submitted by
Counterparty via EnronOnline. In case of a Call Option, the Option Buyer
determines, on the Exercise Date, whether it shall take and pay for, and the
Option Seller shall deliver, the Contract Capacity at the Strike Price in
respect of each hour during the term of the Transaction. The Premium is
payable by the Option Buyer and shall be the price submitted by Counterparty
via EnronOnline multiplied by the total number of hours during the term of
the Transaction multiplied by the specified quantity of electric power.
German Pwr Phy Call - Product included
A Transaction with Enron Capital & Trade Resources Limited, under which the
Option Buyer determines, on the Exercise Date, whether, in case of a Put
Option, it shall deliver and the Option Seller shall take and pay for the
Contract Capacity at the Strike Price in respect of each hour during the term
of the Transaction. The Contract Capacity shall be the volume submitted by
Counterparty via EnronOnline. In case of a Call Option, the Option Buyer
determines, on the Exercise Date, whether it shall take and pay for, and the
Option Seller shall deliver, the Contract Capacity at the Strike Price in
respect of each hour during the term of the Transaction. The Premium is
payable by the Option Buyer and shall be the price submitted by Counterparty
via EnronOnline multiplied by the total number of hours during the term of
the Transaction multiplied by the specified quantity of electric power.
The term of the Transaction shall be from 00:00 hours (prevailing Central
European Time) on the Effective Date (or start date) to 00:00 hours
(prevailing Central European Time) on the day following the Termination Date
(or end date). The Effective Date (or start date) is 01 Jan 2002. The
Termination Date (or end date) is 31 Dec 2002.
The Delivery Point shall be on the RWE Netz High Voltage Grid.
The price is quoted in Euro per unit of volume, which will be the Contractual
Currency.
The unit of measure against which the price is quoted shall be megawatt-hours
(MWh) and the quantity shown shall be in MW's delivered in each applicable
hour for the duration of the Transaction (the "Hourly Quantity').
The Transaction shall be for a Baseload profile, being the delivery of
electric power at a steady rate between 00:00 hours (prevailing Central
European Time) and 24:00 hours (prevailing Central European Time) (totalling
24 hours per day) on a calendar day.
Electric power shall be delivered at a point, or points on the 380/220 kV
level.
The Option style and type shall be a European Call, ("EC").
The Exercise Date or Exercise Period shall be 13 Dec 2001.
The Strike Price shall be 21.5 Euros/ MWh
US SO2 EA Phy Opt - No Products built
A Transaction with Enron North America Corp., under which the Option Buyer
purchases a Call Option granting it the right, in return for payment of the
Premium to the Option Seller, to buy from the Option Seller a quantity of SO2
Emission Allowances equal to the Designated Quantity at the Contract Price.
The Option Buyer shall pay the Premium to the Option Seller within three
Business Days of the Transaction. The Option Buyer may only exercise the
Option on the Exercise Date, otherwise the Option will lapse.
US Gas Financial Call Option
A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction. The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure. The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Index minus the Strike Price. The Option style and type shall be a European
Call ("EC"). Automatic Exercise is Applicable. The Strike Price for the
Transaction shall be as set forth on the Website. The term of the
Transaction shall be from the Effective Date of 01 Aug 2001 to the
Termination Date of 31 Aug 2001. The Exercise Period(s) shall be the
penultimate Trading Day of the NYMEX Henry Hub Natural Gas Futures Contract
for the applicable Determination Period. The Index for each Exercise Period
shall be the settlement price for the penultimate Trading Day of the NYMEX
Henry Hub Natural Gas Futures Contract for the applicable Determination
Period. The price is quoted in US Dollars per unit of volume, which will be
the Contractual Currency. The unit of measure against which the volume is
shown shall be 10,000 MMBtu's per month.
Kevin
(713) 853-9555 |
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[IMAGE] [IMAGE] [IMAGE] [IMAGE] Upgrades [IMAGE] DownGrades [IMAGE] Coverage Initiated [IMAGE] Coverage Reiterated [IMAGE] Stock Splits [IMAGE] Buybacks [IMAGE] Dividends [IMAGE] Pos Pre-Announce [IMAGE] Neg Pre-Announce [IMAGE] Pos Surprises [IMAGE] Neg Surprises [IMAGE] Earnings Revisions [IMAGE] IPO - Lockup Periods [IMAGE] IPO - Latest Pricing [IMAGE] IPO - Quite Periods [IMAGE] IPO - Postponements [IMAGE] IPO - Withdrawals [IMAGE] IPO - Latest Filings [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Unsubscribe [IMAGE] Update my Membership / Profile [IMAGE] Forgot Username / Password [IMAGE] Add / Edit Alerts [IMAGE] View My Alerts [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] As requested, your News Alert for QCOM follows from EquityAlert.com. QUALCOMM Appoints Luigi Gasparollo as Vice President of European Operations SAN DIEGO, Oct 25, 2001 (BUSINESS WIRE) -- QUALCOMM Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced the appointment of Luigi Gasparollo as vice president and managing director of European operations. In this role, Gasparollo will oversee business development for the European CDMA market. "Luigi brings to QUALCOMM vital industry knowledge and strategic relationships within the European wireless arena," said Jeff Jacobs, president of global development for QUALCOMM. "We will leverage his valuable experience to continue to drive and support the adoption and deployment of third-generation CDMA wireless technologies." Prior to joining QUALCOMM, Gasparollo was managing director of international telecommunication operator, Elsacom in Holland, overseeing the service provisioning of Globalstar(TM) and other telecom services in 25 different countries throughout Europe. Gasparollo worked with many European GSM operators on the complexities of roaming between the GSM and Globalstar CDMA networks. He holds a degree in Electrical Engineering from the E. Fermi in Rome. QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's business areas include CDMA chipsets and system software; technology licensing; the Binary Runtime Environment for Wireless(TM) (BREW(TM)) applications platform; Eudora(R) e-mail software; digital cinema systems; and satellite-based systems including portions of the Globalstar system and wireless fleet management systems, OmniTRACS(R) and OmniExpress(R). QUALCOMM owns patents that are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. QUALCOMM has licensed its essential CDMA patent portfolio to more than 100 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S?500 Index and is a 2001 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM. QUALCOMM, OmniTRACS, OmniExpress and Eudora are registered trademarks of QUALCOMM Incorporated. BREW is a trademark of QUALCOMM Incorporated. Globalstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated. All other trademarks are the property of their respective owners. CONTACT: QUALCOMM Incorporated Patty Goodwin, Corporate Public Relations 858/651-4127, Fax: 858/651-5873 [email protected] or Julie Cunningham, Investor Relations 858/658-4224, Fax: 858/651-9303 [email protected] URL: http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2001 Business Wire. All rights reserved. -0- KEYWORD: CALIFORNIA INTERNATIONAL EUROPE TRACK INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE INTERNET SOFTWARE TELECOMMUNICATIONS MANAGEMENT CHANGES SOURCE: QUALCOMM Incorporated [IMAGE] ***IMPORTANT NOTICE AND DISCLAIMER REGARDING THIS COURTESY EMAIL*** At your request, as a subscriber to our service, this email alert is being sent to you as a courtesy and is for information purposes only. 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"It's a Girl" performed by Weave Dance Company
Weave Dance Co. will perform May 24-26 at 8:00 p.m. at Stages Repertory
Theater, 3201 Allen Parkway at Waugh, Call 713-52STAGE for tickets. This
performance, called "It's a Girl!" celebrates pregnancy and motherhood.
Donations to the Houston Area Women's Center will be collected at the
performance. Any of the following items are welcome: non-perishable,
pre-packaged healthy food snacks such as granola bars and boxed juices, baby
supplies such as formula, diapers, wet wipes, baby lotion, baby shampoo,
pacifiers, socks, plastic bottles, diaper bags, crib sheets for portable
cribs and swim suits and flip flops for children age 4 and older.
Star Wars: Films (May 4-25)
See all four completed films of the legendary Star Wars saga on the big
screen! The MFAH presents special editions of Episodes IV-VI and Episode I in
the newly renovated Brown Auditorium with Dolby Digital dts sound and stadium
seating.
Star Wars: Episode IV-A New Hope
Directed by George Lucas
(USA, 1977, 125 min.)
Friday, May 4, 7:30 p.m.
Saturday, May 5, 11:00 a.m.
Star Wars: Episode V-The Empire Strikes Back
Directed by Irvin Kershner
(USA, 1980, 120 min.)
Friday, May 11, 7:30 p.m.
Saturday, May 12, 11:00 a.m.
Star Wars: Episode VI-Return of the Jedi
Directed by Richard Marquand
(USA, 1983, 132 min.)
Friday, May 18, 7:30 p.m.
Saturday, May 19, 11:00 a.m.
Star Wars: Episode I-The Phantom Menace
Directed by George Lucas
(USA, 1999, 133 min.)
Friday, May 25, 7:30 p.m.
Saturday, May 26, 11:00 a.m.
Tickets go on sale at the Brown Auditorium ticket booth 30 minutes before
show time. The ticket booth is located on the lower level of the Caroline
Wiess Law building.
General admission is $5. Matinee admission (show times before 5:00 p.m.) is
$4. Enron employees with ID receive a $1 discount. Discount passes (10
admissions) are $40 for nonmembers and $35 for members. Children 5 and under
are free. Films are screened in Brown Auditorium in the museum's Caroline
Wiess Law building, 1001 Bissonnet. Free parking is available. For more
information, please call 713-639-7515 or visit our website at www.mfah.org.
Mark Your Calendars!...Bring Your Child To Work Day will be Friday, June
29th. More details to come...See Volunteer section below to for volunteer
opportunities!
Join us in Dublin or Honolulu ----Joints in Motion is a marathon training
program for walkers and runners that is aligned with a fundraising effort for
the Arthritis Foundation - Please call for more information at
713-529-0800.
Many volunteers are needed to help with the planned activities for the Enron
Children on June 29th. If you're interested, send your name and phone
extension to workperks.enron.com.
Support KidSave and Help Miracles Happen. Every Summer.
Kidsave,s Summer Miracles Program enables orphaned children ages 5 to 11 to
travel to the US and Canada, live with families and attend day camp. The
program gives families who may be concerned about the problems of adopting
an older child a chance to meet, get to know and in the best-case scenario,
fall in love with a child. The program gives prospective parents an
opportunity to see and evaluate first-hand the challenges and rewards of
adopting an older child.
In 1999 and 2000 Kidsave and adoption agency partners placed 432 children -
96 percent of children who participated in the program. Generally, 85 to 90
percent of children who participate in the program find homes easily through
the program. The remaining 10 to 15 percent require more work.
Kidsave believes every child deserves a family. We are committed to placing
all children who participate in the Summer Miracles Program in permanent
families or family-like environments.
We are looking for families to host children, and for others who want to
help us make the camp program happen for these 250 children. As a
non-profit organization, Kidsave depends on donations to raise the money to
bring these children here and find them families. Please call Tonya Hoppe at
281.286.8948 or [email protected] to get involved in Houston,s Kidsave
program.
Enron and Kidventure Camps are proud to bring you Camp Enron Summer 2001.
Celebrating our third year, Camp Enron will once again be providing summer
camp for children, ages 5-13, of Enron employees and contractors.
This year, camp will be May 29-August 10. Ten, one-week sessions will be
available and families may choose to attend any or all sessions. Each camp
week is Monday through Friday.
The cost is $150 per week and includes all transportation, field trips and
activities. A deposit of $50 per week is all that is needed to reserve your
sessions. The deadline to register is Monday, May 21.
To register, log on to: http://www.kidventurecamp.com/camp_enron.htm.
Spaces are limited.
Enron parents simply ride to work with their children and check them in to
the Energizer in the morning with the Camp Enron Team. Enron Campers are
loaded on Coach USA Buses and transported to our nearby camp. At the end of
the day campers are brought back to the Energizer for parents to check out.
It's that easy!
For more information please contact:
web site: www.kidventurecamp.com
call Kidventure: 713.960.8989
e-mail: [email protected]
Have News to Share?
To post news or events in Enron In Action, please e-mail your information to
[email protected]
no later than 12:00 noon the Thursday prior to the next Monday,s mailing. |
I don't know the answer to this. Do you?
-----Original Message-----
From: Brackett, Debbie R.
Sent: Monday, November 05, 2001 7:23 AM
To: Jones, Tana
Cc: Horn, Cindy
Subject: FW: Issue to be resolved and acted upon
Importance: High
Tana,
You're the best person I know to answer the questions Cindy has regarding financial trading. Let me know if I can add anything.
Thanks,
Debbie
-----Original Message-----
From: Horn, Cindy
Sent: Monday, November 05, 2001 5:05 AM
To: Brackett, Debbie R.
Subject: FW: Issue to be resolved and acted upon
Importance: High
Hi Debbie, hate to bother you but I know that for physicals we built the interface to Global Contracts from RA to do this so EOL customers would only have to sign their GTC's once. How did this work for financials, was it from a Tagg feed? Do you have any info on this I can send to Ron as I do not want to have to recreate the wheel on this one? Thanks Cindy
-----Original Message-----
From: Nolte, Ron
Sent: Saturday, November 03, 2001 6:09 PM
To: Horn, Cindy; Whiting, Elaine; Timson, Sarah; Das, Sarita; Hunter, Larry Joe; Bonanno, Joann; Sorenson, Jefferson D.; Leggett, Tim; Callaghan, Shawna
Subject: Issue to be resolved and acted upon
Workflow in DCAF II for Global Products will require a number of changes to the Way DCAF II currently works.
When a deal is received by DCAF II from MoneyPenney, DCAF II will have to determine if the deal is to be confirmed and who the confirming party is on the deal.
DCAF II determines this by taking a contract number assigned to the deal and goes to Global Contracts. The Contract identifies who is to confirm the deal.
Issue: Currently MoneyPenny does not capture Global Compliant Contract Numbers. Cindy Horn indicated her understanding is that Global Product Deals traded on EOL have a Contract Number. While it is true that a party may agree to a GTC when logging on to EOL, it does not mean that there is a contract set up in Global Contracts between the parties. My understanding is that EOL stores a Global Compliant Contract Number for those parties that have Master Agreements with Enron recorded in Global Contracts. When a deal is traded on EOL for these parties, the Contract Number ( e.g., 96053367 ) is provided in the XML message sent to Sitara and MoneyPenney. This needs to be verified.
I have had discussions with Tim Legget regarding the contract number issue and he suggests the following be done. A buyer contract and a seller contract number edit fields will be provided in the MoneyPenney Capture windows. The reason there is a buyer and seller contract number is because there are two contracts when internal parties trade with each other. MoneyPenney will not require a contract number be entered. When MoneyPenney sends the deal message to DCAF II via DriveTrain, DriveTrain will try to determine the contract number using the GKCOM service that was developed for this purpose. The problem with this is that there may be a significant number of deals where this service cannot determine the contract for. GKCOM uses the internal party, the external party, the product, the document type (e.g., Master Purchase Sale Firm ), the start and end date of the deal to try and find a contract.
First of all, who is going to tell GKCOM what kind of Contract Agreement to look for. There a gazillion different types of contract agreements. If MoneyPenney does not know what contract is covering the deal, how would it know to tell GKCOM what contract agreement type to look for?
Second, a contract has to exist which matches the product on the deal. There are a gazillion products traded in the Global Products world. Every product has to be set up ( See ** ) under the contract that the counterparty could possibly trade. Also, there may be a need to set up several contracts for the same party. Remember, DCAF II looks to the contract to determine who is confirming the deal. For London deals, if the deal is Petchems or MTBE, Enron confirms. For some products, if it is a Brokered sale, then the Broker confirms - if it is a Brokered Purchase from Stasco, BP, Texaco, or Exxon/Mobile, then the Counterparty confirms - For all other Liquids, a Brokered Purchase is confirmed by the Broker. Currently, it is impossible to implement these business rules in Global Contracts. Global Contracts does not have the ability to indicate
that the broker is confirming if it is brokered versus someone else if the deal is not brokered.
** You can indicate in Global Contracts that the product is "Any". But "Any" could conflict with contracts that need to be set for Gas, Power, and Industrial Markets. That is, you can't indicate to Global Contracts that "Any" means "Any Global Product" ;"Any" means "anything".
OK, so it is very likely that GKCOM cannot provide a contract for all deals. If that is the case, then the transaction will be kicked out - will not get to DCAF II - until someone becomes aware that the deal kicked out of DriveTrain and determines what the contract is and enters it into MoneyPenney. If this happens, it is unlikely that the confirm will go out within 24 hours.
Even if a contract is determined by DriveTrain, there will a significant number of deals for which the confirming party designation is not correct.
Please note that TAGG does not use contract numbers. As such, someone has to eyeball every deal and determine who is confirming the deal and if Enron is, which template format out of the hundreds available should be used. The value in DCAF can only be realized if the "someone" is removed from the processing.
Bottom Line: DCAF II needs a way to determine who the confirming party is on every deal, the correct Governing Law, Arbitration, and Jurisdiction . For gas deals , the contract provides the relevant information. The Global Products world is much more complicated.
Decision: If DCAF II is to use Global Contracts, there needs to be a project staffed by one or more persons who spend the next couple of months working on the following responsibilities:
1) Determining and implementing what upgrades to Global Contracts are required to support
Global Products
2) Making sure that the appropriate contracts are set up for all Houston and London trading
partners.
3) Defining the business rules required to populate the XML message with the appropriate
Contract Agreement Type needed by GKCOM to determine the contract number.
4) Defining a procedure that is executed when the deal kicks out of DriveTrain to determine what
the contract on the deal should be and enable it to be entered into MoneyPenny.
5) Setting up a means for testing this process prior to and as part of the User Acceptance Test. |
---------------------- Forwarded by Greg Whalley/HOU/ECT on 09/13/2000 09:28
AM ---------------------------
Andy Zipper@ENRON
09/13/2000 09:24 AM
To: Greg Whalley/HOU/ECT@ECT
cc:
Subject: From today's NGI
I think we should discuss our response to this.
---------------------- Forwarded by Andy Zipper/Corp/Enron on 09/13/2000
09:16 AM ---------------------------
From: Bob Shults@ECT on 09/13/2000 09:03 AM
To: Andy Zipper/Corp/Enron@Enron, Louise Kitchen
cc:
Subject: From today's NGI
FYI
---------------------- Forwarded by Bob Shults/HOU/ECT on 09/13/2000 08:57 AM
---------------------------
From: Rahil Jafry
09/13/2000 08:57 AM
To: Bob Shults/HOU/ECT@ECT, Daniel Diamond/HOU/ECT@ECT
cc:
Subject: From today's NGI
EnronOnline Market Power Under Fire
The simmering pot of market concerns regarding the market power of
EnronOnline finally boiled over in public yesterday at Chicago's LDC Forum. A
representative from EnronOnline had to fend off verbal attacks from
competitors and from the audience, who criticized the system as giving Enron
the ability to manipulate prices and provide it with an unfair advantage over
competitors.
Scott Coleman, an official at Altra Energy Technologies, said proprietary
systems like EnronOnline, and systems being developed by a consortium of
large market players, represent a danger to the health of the energy industry
because of their current or potential market power. Altrade operates its own
independent online exchange that is one of Enron's biggest electronic
competitors. It differs from EnonOnline in that various buyers and sellers
trade with each other with Altrade serving to clear the transactions. On
EnronOnline, Enron posts bid and asked prices and is a party in every
transaction.
The proprietary EnronOnline trading system has been accused of market
manipulation mainly because of its tremendous growth since going live last
November and because of the market strength of its operator, Enron Corp.
Enron is the energy industry's largest marketer/trader/risk manager and one
of the largest natural gas pipeline operators. About 60% of its marketing and
trading business today is done over the EnronOnline system. Critics charged
that EnronOnline provides a tremendous advantage to its parent because all of
the transaction data is thrown into a historical database that is available
only to Enron.
EnronOnline has handled more than 280,000 transactions worth $140 billion
since going live. The proprietary system handles about 2,000 transactions
every day with a value estimated at $1 billion, and most of its online
business is natural gas and power sales and purchases.
Why has the system been so successful? It's free, easy to use, low risk and
there is a tight bid-ask spread, both EnronOnline and its competitors note.
There's no special hardware required; everything is on the web and a
transaction is as simple as a couple clicks of the mouse. It also provides a
broad variety of information, including prices on 1,000 products, and is
supported by the largest energy marketing firm. Although there are many other
systems out there, few if any have the content, ease of use and price
discovery of EnronOnline.
Critics claimed that power enables EnronOnline to "soak up liquidity" in the
marketplace, and in doing so give itself a tremendous advantage over its
competitors. With each trade, Enron gains a little bit more information about
its competitors' positions in the market.
"Over the long term I think the market will always correct itself," said
Altra's Coleman. "But in the short term, I think if any one player has enough
of a presence in any one market they can cause prices to move in one
direction or another."
EnronOnline Director Bob Shults said the company is simply "providing a
service for our customers, particularly a bid and ask. But I don't think
Enron has the ability to move markets. We are just putting a bid and ask out
there, and if people want to buy at our prices, then fine. If people want to
sell at our prices, fine then sell it. I don't think we have the market
manipulation capability people suspect... We are not bigger than the
marketplace."
When asked specifically about historical data collected on those who use the
system, Shults denied the company studies the buying and selling patterns of
its competitors with an eye toward manipulation --- sort of the "Big Brother"
of the energy marketplace.
"The historical information is not available," EnronOnline's Shults admitted.
"We just started calculating the indices and price reports... We are now
providing that information to the market so everyone else has that
information as well." He said Enron does not retain information about those
who use its system.
Shults did, however, warn that the system will make the U.S. energy market
much more closely connected to the global marketplace in the future. With
increasing demand for LNG imports and rapid price discovery of worldwide
commodities on EnronOnline, for example, market activity in Africa and the
Far East could have a more immediate impact on domestic markets.
Quoting analysis conducted by Forester Research Inc., Shults also predicted
electronic exchange revenues could grow from $500 billion this year to more
than $3 trillion in 2004-2005.
------------------------------------------------------------------------------
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,Copyright 2000 Intelligence Press Inc. All rights reserved. The preceding
news report may not be republished or redistributed, in whole or in part, in
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Copyright ,2000 Intelligence Press Inc. All rights reserved. |
Southwest Airlines' Click 'n Save E-mail Update
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FYI...
Cargill Ferrous International is setup correctly in the Global Counterparty
System as a Division of Cargill, Inc.
Cargill Ferrous International is the full name of this division and setup as
such in GCP with a Sub-to-Legal Link
to Cargill, Inc. per GCP procedure.
Also, the Global SAP team (Cheryl Johnson) would need Legal Name Change
documentation from the Counterparty
in order to change this name.
Best Rgds.
Samuel x3-9890 (GCP)
Enron Net Works _ Global Data Management
From: Tana Jones on 03/28/2001 09:47 AM
To: Samuel Schott/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc:
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response
Any updates on adding the correct legal name to this counterparty name?
---------------------- Forwarded by Samuel Schott/HOU/ECT on 03/28/2001 12:53
PM ---------------------------
From: Samuel Schott 03/23/2001 11:25 AM
To: Stephanie Sever/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT, Walter Guidroz/NA/Enron, Tom
Moran/Enron@EnronXGate, Lisa Lees/HOU/ECT@ECT, Marilyn Colbert/HOU/ECT@ECT
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response
Hello,
Yes, GCP provides the links to establish the correlation between the parent
and child for our downstream systems.
GCP procedure is to create Counterparty names that reflect either the
Tradename / Division name or Parent Name - - not both simultaneously.
(Although, we have broken that rule for Legal in the past.) This defeats the
purpose of using a Tradename.
Best Rgds.
Samuel
From: Stephanie Sever
03/23/2001 10:21 AM
To: Tana Jones/HOU/ECT@ECT
cc: Samuel Schott/HOU/ECT@ECT, Walter Guidroz/NA/Enron, Tom
Moran/Enron@EnronXGate, Lisa Lees/HOU/ECT@ECT
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response
Tana,
Please review the process below:
With divisions, EOL does request a new Password Application for the
applicant reflecting the name as you noted below. When the company is set up
in the EOL database we link the company to the Parent and reference the CP
ID. Sam, please confirm, Global Counterparty also provides the links to
establish correlation between the parent and child for our downstream systems.
Let me know if this is the appropriate steps that you would like to see.
Thanks,
Stephanie
From: Tana Jones on 03/22/2001 06:03 PM
To: Samuel Schott/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc: Walter Guidroz/Enron@EnronXGate, Tom Moran/Enron@EnronXGate
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response
Sam & Stephanie,
Re: Cargill Ferrous International
It was my understanding with the EOL Team that all divisions would have the
legal incorporated entity as part of the name. Stephanie, I my preference is
to kick their Password Application back and get them to change it to read
something like "Cargill Ferrous International, a division of Cargill, Inc."
or "Cargill, Inc. acting through its Cargill Ferrous International Division".
Samuel Schott
03/21/2001 01:58 PM
To: Walter Guidroz/ENRON@enronXgate @ ENRON, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant
Reves/ENRON@enronXgate@ENRON, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/ENRON@enronXgate@ENRON, Cynthia
Clark/ENRON@enronXgate@ENRON, Enron Europe Global Contracts and
Facilities@ENRON, Enron Europe Global CounterParty/LON/ECT@ECT, Stephanie
Sever/HOU/ECT@ECT, Tom Moran/ENRON@enronXgate@ENRON, Claudia
Clark/HOU/ECT@ECT, William S Bradford/ENRON@enronXgate@ENRON, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim
Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/ENRON@enronXgate@ENRON, Kelly Lombardi/NA/Enron@Enron, Brian
Lindsay/Enron Communications@Enron Communications@ENRON, EOL Call
Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications@ENRON, Molly LaFuze/Enron
Communications@Enron Communications@ENRON, Danny Clark/Enron
Communications@Enron Communications@ENRON
cc:
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response
Any GCP adjustments will be highlighted in red.
Attn. GCP_London:
There's a new EOL Counterparty listed in the UK. Please respond.
Best Rgds.
Samuel x3-9890
ENW_GCP
From: Walter Guidroz/ENRON@enronXgate on 03/20/2001 05:30 PM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global Contracts and Facilities@ENRON, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom
Moran/ENRON@enronXgate, Claudia Clark/HOU/ECT@ECT, William S
Bradford/ENRON@enronXgate, Lisa Lees/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications,
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron
Communications@Enron Communications
cc:
Subject: EOL approvals, 3-20-01
Please see attached. |
"It's a Girl" performed by Weave Dance Company
Weave Dance Co. will perform May 24-26 at 8:00 p.m. at Stages Repertory
Theater, 3201 Allen Parkway at Waugh, Call 713-52STAGE for tickets. This
performance, called "It's a Girl!" celebrates pregnancy and motherhood.
Donations to the Houston Area Women's Center will be collected at the
performance. Any of the following items are welcome: non-perishable,
pre-packaged healthy food snacks such as granola bars and boxed juices, baby
supplies such as formula, diapers, wet wipes, baby lotion, baby shampoo,
pacifiers, socks, plastic bottles, diaper bags, crib sheets for portable
cribs and swim suits and flip flops for children age 4 and older.
Star Wars: Films (May 4-25)
See all four completed films of the legendary Star Wars saga on the big
screen! The MFAH presents special editions of Episodes IV-VI and Episode I in
the newly renovated Brown Auditorium with Dolby Digital dts sound and stadium
seating.
Star Wars: Episode IV-A New Hope
Directed by George Lucas
(USA, 1977, 125 min.)
Friday, May 4, 7:30 p.m.
Saturday, May 5, 11:00 a.m.
Star Wars: Episode V-The Empire Strikes Back
Directed by Irvin Kershner
(USA, 1980, 120 min.)
Friday, May 11, 7:30 p.m.
Saturday, May 12, 11:00 a.m.
Star Wars: Episode VI-Return of the Jedi
Directed by Richard Marquand
(USA, 1983, 132 min.)
Friday, May 18, 7:30 p.m.
Saturday, May 19, 11:00 a.m.
Star Wars: Episode I-The Phantom Menace
Directed by George Lucas
(USA, 1999, 133 min.)
Friday, May 25, 7:30 p.m.
Saturday, May 26, 11:00 a.m.
Tickets go on sale at the Brown Auditorium ticket booth 30 minutes before
show time. The ticket booth is located on the lower level of the Caroline
Wiess Law building.
General admission is $5. Matinee admission (show times before 5:00 p.m.) is
$4. Enron employees with ID receive a $1 discount. Discount passes (10
admissions) are $40 for nonmembers and $35 for members. Children 5 and under
are free. Films are screened in Brown Auditorium in the museum's Caroline
Wiess Law building, 1001 Bissonnet. Free parking is available. For more
information, please call 713-639-7515 or visit our website at www.mfah.org.
Mark Your Calendars!...Bring Your Child To Work Day will be Friday, June
29th. More details to come...See Volunteer section below to for volunteer
opportunities!
Join us in Dublin or Honolulu ----Joints in Motion is a marathon training
program for walkers and runners that is aligned with a fundraising effort for
the Arthritis Foundation - Please call for more information at
713-529-0800.
Many volunteers are needed to help with the planned activities for the Enron
Children on June 29th. If you're interested, send your name and phone
extension to workperks.enron.com.
Support KidSave and Help Miracles Happen. Every Summer.
Kidsave,s Summer Miracles Program enables orphaned children ages 5 to 11 to
travel to the US and Canada, live with families and attend day camp. The
program gives families who may be concerned about the problems of adopting
an older child a chance to meet, get to know and in the best-case scenario,
fall in love with a child. The program gives prospective parents an
opportunity to see and evaluate first-hand the challenges and rewards of
adopting an older child.
In 1999 and 2000 Kidsave and adoption agency partners placed 432 children -
96 percent of children who participated in the program. Generally, 85 to 90
percent of children who participate in the program find homes easily through
the program. The remaining 10 to 15 percent require more work.
Kidsave believes every child deserves a family. We are committed to placing
all children who participate in the Summer Miracles Program in permanent
families or family-like environments.
We are looking for families to host children, and for others who want to
help us make the camp program happen for these 250 children. As a
non-profit organization, Kidsave depends on donations to raise the money to
bring these children here and find them families. Please call Tonya Hoppe at
281.286.8948 or [email protected] to get involved in Houston,s Kidsave
program.
Enron and Kidventure Camps are proud to bring you Camp Enron Summer 2001.
Celebrating our third year, Camp Enron will once again be providing summer
camp for children, ages 5-13, of Enron employees and contractors.
This year, camp will be May 29-August 10. Ten, one-week sessions will be
available and families may choose to attend any or all sessions. Each camp
week is Monday through Friday.
The cost is $150 per week and includes all transportation, field trips and
activities. A deposit of $50 per week is all that is needed to reserve your
sessions. The deadline to register is Monday, May 21.
To register, log on to: http://www.kidventurecamp.com/camp_enron.htm.
Spaces are limited.
Enron parents simply ride to work with their children and check them in to
the Energizer in the morning with the Camp Enron Team. Enron Campers are
loaded on Coach USA Buses and transported to our nearby camp. At the end of
the day campers are brought back to the Energizer for parents to check out.
It's that easy!
For more information please contact:
web site: www.kidventurecamp.com
call Kidventure: 713.960.8989
e-mail: [email protected]
Have News to Share?
To post news or events in Enron In Action, please e-mail your information to
[email protected]
no later than 12:00 noon the Thursday prior to the next Monday,s mailing. |
The revised statement looks good to me.
Catherine McKalip-Thompson@ENRON COMMUNICATIONS
03/23/2001 12:30 PM
To: Rob Bradley/Corp/Enron@Enron, Jeffrey Keeler/Corp/Enron@ENRON
cc: Ann M Schmidt/Corp/Enron@Enron, Lauren Iannarone/NY/ECT@ECT@ENRON,
Michael Terraso/OTS/Enron@Enron, Steven J Kean/NA/Enron@Enron
Subject: Re: Ken Lay Statement to Employees on Bush CO2 Policy
Rob,
After reviewing both Lauren's and Jeff's comments, I have little to add. I
would, however, replace the last part of Jeff's sentence in the first
paragraph with "and there is a need to take a comprehensive look at
strategies for reducing CO2 emissions more broadly, in ways that make
economic and environmental sense" to avoid mentioning the Kyoto Protocol
directly.
And, I'd like to reiterate Lauren's suggestion that the article should direct
employees to our climate change policy statement in last year's EHS Report
and that Lay encourages them to research and reflect on the issue and
communicate their thoughts.
Thanks,
Catherine
Catherine McKalip-Thompson
Manager, Environmental Responsibility
Enron Corp.
101 California Street, Suite 1950
San Francisco, CA 94111
Tel: 415.782.7842
Fax: 415.782.7854
Jeffrey Keeler@ENRON
03/23/01 08:35 AM
To: Rob Bradley/Corp/Enron@ENRON
cc: Ann M Schmidt/Corp/Enron@Enron, Lauren Iannarone/NY/ECT@ECT, Michael
Terraso/OTS/Enron@Enron, Steven J Kean/NA/Enron@Enron, Catherine
McKalip-Thompson/Enron Communications@Enron Communications
Subject: Re: Ken Lay Statement to Employees on Bush CO2 Policy
Rob: Here are my edits below, in bold. Sorry to re-write so much -- but I
believe this is consistent with Steve's conversation with Ken, and with the
media interviews he has given to date, as well as our advocacy on
multipollutant and climate change. Jeff
Jeffrey Keeler
Director, Environmental Strategies
Enron
Washington DC office - (202) 466-9157
Cell Phone (203) 464-1541
Rob Bradley
03/23/2001 10:14 AM
To: Jeffrey Keeler/Corp/Enron
cc: Michael Terraso/OTS/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Lauren
Iannarone/NY/ECT@ECT, Ann M Schmidt/Corp/Enron@ENRON
Subject: Ken Lay Statement to Employees on Bush CO2 Policy
(KEELER EDITS)
Here is my draft for Ken in response to Ann's eBiz request. Comments welcome
"The President, after a good deal of study and soul searching, decided not to
support mandatory controls on carbon dioxide (CO2) emissions from power
plants as part of a multipollutant clean air strategy. His decision was
based on some very important factors -- the nation's energy markets are
experiencing unprecedented supply and price challenges that any CO2 mandate
could exacerbate; and U.S. regulation of CO2 in the near-term could be
ill-advised because the Kyoto protocol on global treatment of greenhouse gas
emissions is unworkable in its current form.
"I was somewhat concerned that the message sent by the Bush administration
would polarize the debate over how the U.S. should treat CO2 emissions in the
long term, as his statement did provoke a very negative "anti-environment"
reaction by many concerned individuals and organizations. Because this is an
important issue to all parties on all sides of the debate, I believe that the
administration should convene an ongoing process to carefully examine global
climate change and all the long-term economic, scientific, and social impacts
of action regulate CO2 emissions."
"The President's position on CO2 notwithstanding, Enron continue to be a
private sector leader in offering real solutions towards reducing greenhouse
gas emissions in a rapidly expanding energy market. We are well-positioned
through our experience with low-carbon fuels for electric generation (natural
gas and wind in particular), our focus on new power generation and
tecnologies, our leadership position in promoting efficiency through Enron
Energy Services' energy outsourcing business, and our expertise in emissions
trading and risk management."
"A multipollutant appraoch to reducing power plant emissions makes a lot of
sense from and environmental and energy policy standpoint. Enron will
continue to work with the Bush administration and Congress toward structuring
a program that can achieve environmental goals while providing incentives to
build cleaner, more efficient generation, promoting a broad mix of fuels and
tecnologies, and giving industry the flexibility and economic incentives to
make reductions in a market-based, cost-effective way. If we're able to make
meaningful reductions in 3 pollutants -- NOx, SO2 and mercury -- and we do it
in a way that promotes efficiency and new technology, we'll make progress on
CO2 whether it is regulated or not."
In the meantime, I will remain active in the global climate change debate to
position Enron as a constructive player in the public policy arena and as an
industry leader in promoting market-driven solutions to the world's energy
and environmental problems.
----- Forwarded by Rob Bradley/Corp/Enron on 03/22/2001 05:55 PM -----
Rosalee Fleming
03/22/2001 11:16 AM
To: Rob Bradley/Corp/Enron@ENRON
cc: Tori L Wells/HOU/ECT@ECT
Subject: eBiz Story
Rob, will you please draft a quote for Ken on these issues.
---------------------- Forwarded by Rosalee Fleming/Corp/Enron on 03/22/2001
11:06 AM ---------------------------
Ann M Schmidt
03/22/2001 11:04 AM
To: Kenneth Lay/Corp/Enron@ENRON
cc:
Subject: eBiz Story
Hi Mr. Lay,
I am a Specialist in Corp. PR, under Karen Denne, and write for our internal
eBiz publication. I am working on a story about the recent issue with
respect to carbon dioxide emissions and Enron's position compared to
President Bush's as well as the coal industry.
I know that Bush's viewpoint on this issue is not to regulate carbon dioxide
emissions from coal-burning power plants. I also understand he based his
decision in large part due to a recent Department of Energy report that warns
that such a policy would lead to an even more dramatic shift from coal to
natural gas for electric power generation and significantly higher
electricity prices causing problems similar to California.
I wondered if you would mind adding first hand knowledge for employees. A
quote from you about this issue would be great. I would also be interested
in giving employees some of your reasons for being in favor of controlling
CO2 such as your idea for a credit trading system for CO2.
Thank you for your time and please let me know if you have any questions.
Thanks,
Ann Schmidt
(x54694) |
FYI.
----- Forwarded by Marcus Nettelton/NA/Enron on 03/22/2001 07:55 AM -----
Rhonda L Denton@ECT
03/21/2001 05:43 PM
To: Tim Belden/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Dana
Davis/Enron@EnronXGate, Genia FitzGerald/HOU/ECT@ECT, Christi L
Nicolay/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Gretchen Lotz/HOU/ECT@ECT,
Dean Laurent/HOU/ECT@ECT, Cara Semperger/PDX/ECT@ECT, Jan M King/HOU/ECT@ECT,
Mike Swerzbin/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Michael
Etringer/HOU/ECT@ECT, John Malowney/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT,
Laura Jones/HOU/ECT@ECT, Corry Bentley/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT,
Thresa A Allen/HOU/ECT@ECT, David Portz/HOU/ECT@ECT, Sharen
Cason/HOU/ECT@ECT, Veronica Gonzalez/HOU/ECT@ECT, Kimberly Allen/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Brant
Reves/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, John Suttle/HOU/ECT@ECT,
Tanya Rohauer/HOU/ECT@ECT, Rod Nelson/HOU/ECT@ECT, Stephanie
Piwetz/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Russell
T Kelley/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT, Holli Krebs/HOU/ECT@ECT,
Paul Choi/SF/ECT@ECT, Chris H Foster/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT,
Jeff Richter/HOU/ECT@ECT, Phillip Platter/HOU/ECT@ECT, Smith L
Day/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, D Brett Hunsucker/HOU/ECT@ECT,
John M Forney/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Kayne
Coulter/HOU/ECT@ECT, John Kinser/HOU/ECT@ECT, Robert Benson/Corp/Enron@Enron,
Larry Valderrama/HOU/ECT@ECT, Paul J Broderick/HOU/ECT@ECT, Edward
Sacks/Corp/Enron@Enron, Janet H Moore/HOU/ECT@ECT, Janice R
Moore/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Jesse
Bryson/HOU/ECT@ECT, Stanley Cocke/PDX/ECT@ECT, Michael M
Driscoll/PDX/ECT@ECT, Doug Gilbert-Smith/Corp/Enron@ENRON, Kimberly
Hundl/Corp/Enron@Enron, Joy Werner/Corp/Enron@ENRON, Elsie Lew/HOU/ECT@ECT,
Amy Horton/Corp/Enron@ENRON, Kim Durham/HOU/ECT@ECT, Rhonda
Robinson/HOU/ECT@ECT, Rudy Acevedo/HOU/ECT@ECT, Diana Allen/Corp/Enron@ENRON,
Don Baughman/HOU/ECT@ECT, Lisa Burnett/Corp/Enron@Enron, Carla
Hoffman/PDX/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Larry F
Campbell/NA/Enron@Enron, Mike Carson/Corp/Enron@Enron, Jason
Choate/Corp/Enron@ENRON, Lawrence Clayton/Corp/Enron@Enron, Kevin
Cline/Corp/Enron@Enron, Terri Clynes/HOU/ECT@ECT, Keith
Comeaux/Corp/Enron@Enron, Karla Compean/HOU/ECT@ECT, Jason
Crawford/Corp/Enron@Enron, Mike Curry/HOU/ECT@ECT, Oscar Dalton/HOU/ECT@ECT,
Clint Dean/Corp/Enron@Enron, Todd DeCook/Corp/Enron@Enron, George
Diaz/Corp/Enron@ENRON, Tom Dutta/HOU/ECT@ECT, Joe Errigo/Corp/Enron@Enron,
David Fairley/HOU/ECT@ECT, Miguel L Garcia/NA/Enron@ENRON, Gerald
Gilbert/HOU/ECT@ECT, Joe Gordon/Corp/Enron@Enron, Juan
Hernandez/Corp/Enron@ENRON, Jim Homco/HOU/ECT@ECT, George Hopley/HOU/ECT@ect,
Richard Hrabal/HOU/ECT@ect, Rika Imai/NA/Enron@Enron, Alton
Jackson/Corp/Enron@Enron, Larry Jester/Corp/Enron@ENRON, Gary
Justice/NA/Enron@Enron, MICHAEL KELLY/ENRON@Gateway, Grace
Kim/NA/Enron@Enron, Jeff King/Corp/Enron@Enron, Madhup
Kumar/Corp/Enron@ENRON, Justin Laverell/Corp/Enron@ENRON, Chris
Lenartowicz/Corp/Enron@ENRON, Peter Makkai/NA/Enron@Enron, Posey
Martinez/HOU/ECT@ECT, Tom May/Corp/Enron@Enron, Keller
Mayeaux/Corp/Enron@Enron, Doug Miller/Corp/Enron@Enron, Jeffrey
Miller/NA/Enron@Enron, Narsimha Misra/NA/Enron@Enron, Steve
Olinde/Corp/Enron@Enron, Andy Pace/NA/Enron@Enron, Juan
Padron/NA/Enron@Enron, Ricardo Perez/NA/Enron@Enron, Joseph
Piotrowski/NA/Enron@Enron, Joe Quenet/NA/Enron@Enron, Bill Rust/HOU/ECT@ECT,
David Ryan/Corp/Enron@ENRON, Eric Saibi/Corp/Enron@ENRON, Zachary
Sampson/NA/Enron@ENRON, Anna Santucci/NA/Enron@Enron, Janelle
Scheuer/HOU/ECT@ECT, Erik Serio/Corp/Enron@Enron, Doug Sewell/HOU/ECT@ECT,
Robert Stalford/NA/Enron@Enron, Chad Starnes/Corp/Enron@Enron, Joe
Stepenovitch/Corp/Enron@Enron, Mark Symms/Corp/Enron@ENRON, Paul D
Thomas/NA/Enron@Enron, Greg Trefz/Corp/Enron@ENRON, Maria
Valdes/Corp/Enron@Enron, Joseph Wagner/NA/Enron@Enron, Watts/NA/Enron@Enron,
Lloyd Will/HOU/ECT@ECT, George Wood/Corp/Enron@Enron, Alex
Wong/Corp/Enron@Enron, Tracy Ngo/PDX/ECT@ECT, Karen Lambert/HOU/ECT@ECT,
Valarie Sabo/PDX/ECT@ECT, Fran Chang/PDX/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Kate
Symes/PDX/ECT@ECT, Audrey Cook/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Jenny
Latham/HOU/ECT@ECT, Donald Wayne Vinson/HOU/ECT@ECT, Andrea
Dahlke/NA/Enron@ENRON, Casey Evans/Corp/Enron@Enron, Jon Paul
Lewis/HOU/ECT@ECT, Steve Gim/NA/Enron@Enron, Wendy Conwell/NA/Enron@ENRON,
Monica Lande/PDX/ECT@ECT, Mark Confer/HOU/ECT@ECT, Benjamin
Rogers/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Melissa Ann
Murphy/HOU/ECT@ECT, Russell Ballato/NA/Enron@Enron, Richard
Broussard/Corp/Enron@Enron, Chris Dorland/HOU/ECT@ECT, Claudia
Guerra/NA/Enron@ENRON, Gautam Gupta/HOU/ECT@ECT, Patrick Hanse/HOU/ECT@ECT,
Marcus Nettelton/NA/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, John
Llodra/Corp/Enron@ENRON, Mitch Robinson/Corp/Enron@Enron, Paul
Schiavone/ENRON@enronXgate, Eric Smith/Contractor/Enron Communications@Enron
Communications, Fletcher J Sturm/HOU/ECT@ECT, Clayton
Vernon/Corp/Enron@ENRON, Kerri Thompson/Corp/Enron@Enron, Evelyn
Metoyer/Corp/Enron@Enron, Diana Scholtes/HOU/ECT@ECT, Tom Alonso/PDX/ECT@ECT,
Mark Fischer/PDX/ECT@ECT, Chris Mallory/PDX/ECT@ECT, Matt Motley/PDX/ECT@ECT,
Lester Rawson/PDX/ECT@ECT, Holden Salisbury/PDX/ECT@ECT, Leaf
Harasin/PDX/ECT@ECT, Geir Solberg/PDX/ECT@ECT, Ryan Slinger/PDX/ECT@ECT, Bert
Meyers/PDX/ECT@ECT, David V Porter/PDX/ECT@ECT, Monika Causholli/PDX/ECT@ECT,
Mark Guzman/PDX/ECT@ECT, Bill Williams III/PDX/ECT@ECT, Laura
Dewett/HOU/ECT@ECT, Amy Clemons/Corp/Enron@ENRON, Lisa Brown/NA/Enron@Enron,
Gwendolyn Williams/ENRON@enronXgate, Paul Radous/Enron@EnronXGate, Jason R
Williams/Enron@EnronXGate, Jennifer N Stewart/Enron@EnronXGate, Billy
Braddock/Enron@EnronXGate
cc:
Subject: Allegheny Energy Supply Company LLC - Merrill Lynch Capital
Services, Inc.
Almost all trades executed under Merrill Lynch have been assigned to
Allegheny. It is my understanding that Merrill will no longer be trading
financial or physical power. The deals that Merrill will retain are as
follows
217397
425780
513602
517785
528054
If you have questions, please let me know. |
FYI. Split between Davis and Lynch is now very public. Davis is likely losing his mind. Can Ron Carroll or Dan Watkiss search these filings down at FERC? Thanks.
Best,
Jeff
State PUC seeks to void Davis's power contracts
Deals gouge consumers, agency tells federal regulators
In a move that could undermine California's hard-won control of the power market, state regulators are urging the federal government to throw out prices for some electricity contracts agreed to by Gov. Gray Davis.
The state Public Utilities Commission, in what amounts to a rearguard action against the governor's power strategy, is arguing that some of the deals gouge Californians. The PUC says energy firms probably took advantage of the state's power crisis earlier this year to charge unfairly high prices, and it wants some of those prices cut.
"The state is going to get itself into serious trouble with those contracts if they're not renegotiated," Commissioner Richard Bilas said. "I would support anything that would help us get the prices of those contracts down."
The PUC apparently did not tell Davis administration officials that it was challenging the contracts before the Federal Energy Regulatory Commission.
"It's definitely not something that's a favorable thing to have happen to us," said Oscar Hidalgo, a spokesman for the state Department of Water Resources, which negotiated the contracts.
Hidalgo said the long-term contracts, even though more expensive than current market prices, are the bulwark that protects the state from another round of spiraling spot market prices.
"It would be a mistake to try to void those contracts out," Hidalgo said. "If that's the goal, then we're back to square one. Prices would start to creep up."
The state is paying an average of $69 a megawatt hour under the contracts it has signed with private generators. Peak prices for electricity last week were less than $30.
Hidalgo could not say whether the PUC actions could expose the state to lawsuits by the contractors or threaten a planned $12.5 billion bond issue to repay the state general fund for the power purchases.
Over the past three months, lawyers for the PUC have filed challenges on various grounds before the Federal Energy Regulatory Commission against deals negotiated with PacifiCorp Power Marketing Inc., Alliance Colton LLC, Sempra Energy and a Calpine Corp. subsidiary, said PUC attorney Sean Gallagher.
SEMPRA, CALPINE CONTRACTS
Taken together, Sempra and Calpine have sold about half the electricity that the Davis administration has agreed to buy in an array of 53 agreements, some of which last 20 years. In all, California has committed to spending at least $43 billion for electricity.
The deal with PacifiCorp Power Marketing has already come under attack because while the state was negotiating the $1 billion contract, one of Davis' energy consultants owned stock in the power supplier's parent company.
Gallagher said PUC attorneys may recommend commission actions against other contracts.
Davis' spokesman Steve Maviglio said Friday the administration couldn't comment until it had studied the PUC submissions.
The PUC's challenges mark the latest battle between Davis and the five- member commission, which is resisting administration energy policies even though it is controlled by the governor's three appointees.
The commission has rebuffed Davis' attempts to nail down a mechanism for utility customers to cover the costs of the long-term power contracts and pay off the planned $12.5 billion bond issue.
STATE TREASURER'S WARNING
State Treasurer Phil Angelides warned last week that the PUC's actions threatened to delay the bond issue and leave a $9 billion hole in the state budget next year.
PUC President Loretta Lynch opposes the bond plan because it requires the commission to rubber-stamp the power contracts and forces the state to maintain a prolonged role as an energy buyer.
"We should not, through the instrument of the bonds, lock down the policy choices for the state for 15 years," Lynch said last week. "We should stay as flexible as possible.
Lynch could not be reached for comment on the commission's challenges to the contracts.
Commissioner Jeff Brown, Lynch's fellow Davis appointee, said the filings don't rule out Davis' bond financing deal. Nor do they threaten a state default on the long-term contracts, he said. But federal action could help the state improve the deals, he said.
"The state of California has never consciously defaulted on a contract," he said. "Even if we renegotiate, we'll renegotiate within the confines of the contract."
Hidalgo, however, said he doubted the state could modify the contracts. Under power granted by the Legislature, he said, the water department made its own finding that the contract prices were reasonable.
Jan Mitchell, a spokeswoman for ScottishPower, parent company of PacifiCorp Power Marketing, said both sides agreed to the contract after full negotiations.
"Now another California agency is disputing it," Mitchell said. "We obviously disagree, and we'll continue to work with FERC, making sure the contracts are honored."
PUC CRITICAL OF DEALINGS
The PUC argues that the Portland energy firm wielded excessive market power when the state signed its 10-year, $1 billion deal with the company July 6. That forced the water department to accept unfair prices to avoid blackouts, the PUC says.
"News reports suggest that the (water department) paid substantially over the then-current market prices for this contract, prices which will be passed through to California retail ratepayers," the PUC said.
An energy consultant to Davis, Vikram Budhraja, admitted in August that he owned as much as $10,000 worth of Scottish Power stock while the deal was being worked out. Budhraja sold the stock July 30, and state officials said he had nothing to do with the PacifiCorp Power Marketing deal.
Uncertainty over the contracts adds to growing turmoil in the state's energy picture. While the issue has slipped from the public eye, Davis' solutions to the energy crisis are meeting resistance not only from the PUC but from fellow Democrats in the state Senate, which has refused to pass his plan to stabilize Southern California Edison's finances and stave off a second utility bankruptcy filing.
While officials fight among themselves, the energy industry is moving aggressively to reverse state efforts to put the brakes on deregulation.
*************************************************** |
---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/10/2001
01:02 PM ---------------------------
"Ryan Lee" <[email protected]> on 04/10/2001 12:48:00 PM
To: <[email protected]>
cc:
Subject: Fw: FW: Fw: The moves]
----- Original Message -----
From: "Joel Bagby" <[email protected]>
To: "Andy Patton (E-mail)" <[email protected]>; "ben abendroth"
<[email protected]>; "Brian Beggs (E-mail)" <[email protected]>;
"Claude.Aldridge" <[email protected]>; "Dave Shaw (E-mail)"
<[email protected]>; "rlipari" <[email protected]>; "Ryan
Dickinson Work (E-mail)" <[email protected]>; "RYAN LEE"
<[email protected]>
Sent: Friday, January 12, 2001 1:21 PM
Subject: [Fwd: FW: Fw: The moves]
>
>
Return-Path: [email protected]
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Message-ID: <BA55750C0CD0D1119C5200805F9FE136143B26C8@MAILWHQ03>
From: "Nash,Jeff" <[email protected]>
To: "'Andrew Murawski'" <[email protected]>, "'andrew w
klasing'" <[email protected]>, "'Blake Roth'"
<[email protected]>, "'Clint Hooker'"
<[email protected]>, "'Cory Littlepage'"
<[email protected]>, "'Daniel Brock'"
<[email protected]>, "'David Henderson'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'Jimmy Spillman'"
<[email protected]>, "'Joel Bagby'" <[email protected]>,
"'Kevin Dodson'" <[email protected]>, "'Kevin Dodson'"
<[email protected]>, "'Moeller, Clark'"
<[email protected]>, "'Randy Roth'"
<[email protected]>, "'Robert Iorio'"
<[email protected]>, "'Ryan Butler'"
<[email protected]>, "'Scott Salyer'"
<[email protected]>, "Harse,David" <[email protected]>,
"Cheek,John" <[email protected]>, "Kemp,Chris" <[email protected]>
Subject: FW: Fw: The moves
Date: Fri, 12 Jan 2001 13:12:11 -0600
MIME-Version: 1.0
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X-Mozilla-Status2: 00000000
Number 2 is the good stuff, sounds like a Sal maneuver.
----- Original Message -----
> Message-ID: <[email protected]>
> From: "Derek Niehus" <[email protected]>
> To: <Undisclosed-Recipient:;>
> Subject: Fw: The moves
> Date: Mon, 8 Jan 2001 14:22:47 -0600
>
> > > >
> > > >
> > > > 1. The Teabagging
> > > > The all time classic maneuver of tapping your cock on a chick's
> > > > forehead whilst she is sucking on your balls, and uttering the
> > timeless
> > > > phrase -- "Who's Your daddy?"
> > > >
> > > > 2. The Houdini
> > > > Going at it doggy-style until you are just about to come, then
> > > > pull out and spit on her back so she thinks that you have. When
she
> > > > turns
> > > > around a blast is unleashed into her face and she is left
shocked
> and
> > > > amazed, wondering how you managed it.
> > > >
> > > > 3. The Angry Dragon
> > > > Immediately after you blow your load in a girl's mouth, smack
the
> > > > back of her head and make it come out her nose. When she gets
up,
> > > > she'll
> > > > look like an angry dragon.
> > > >
> > > > 4. Cum Guzzling Sperm Burping Bitch
> > > > The once in a lifetime act of blowing a hot steamy load down the
> > > > back of a girl's throat and then proceeding to give her a large
> cold
> > > > bottle
> > > > of your favorite carbonated drink, making her guzzle it down.
> Then,
> > > > shake
> > > > her head vigorously back and forth to create the Cum Guzzling,
> Sperm
> > > > Burping effect. A great way to impress your friends.
> > > >
> > > > 5. Dirty Sanchez
> > > > A time honored event in which while laying the bone doggy-style,
> > > > you insert your finger into her asshole. You then pull it out
and
> > wipe
> > > > it across her upper lip, leaving a thin shit mustache. This
makes
> her
> > > > look
> > > > like someone whose name is Dirty Sanchez.
> > > >
> > > > 6. The Donkey Punch
> > > > Banging a girl doggy style and then moments before you cum, you
> > > > stick your dick in her ass and then punch her in the back of the
> > neck.
> > > > The blow to the neck will stun the muscles in the female's ass,
> which
> > > > will
> > > > constrict the penis and give you a tremendous orgasmic
experience
> > when
> > > > you
> > > > ejaculate.
> > > >
> > > > 7. The Flaming Amazon
> > > > This one's for all you pyromaniacs out there. When you're
> > > > screwing some chick, right when your about to cum, pull out
> > > > and quickly grab the nearest lighter and set her pubes on fire,
> > > > then...extinguish the flames with your jizz!
> > > >
> > > > 8. The Flying Camel
> > > > A personal favorite. As she is lying on her back and you are
> > > > hammering her on your knees, you very carefully move forward and
> prop
> > > > yourself (without using your arms) on your dick while it is
still
> > > > inserted
> > > > in her vertical seafood taco. You then proceed to flap your arms
> and
> > > > let
> > > > out a long shrieking howl, much like a flying camel. Strictly a
> > classy
> > > > move.
> > > >
> > > > 9. The Screwnicorn
> > > > When a dyke puts her strap-on dildo on her forehead and proceeds
> > > > to go at her partner like a crazed unicorn.
> > > >
> > > > 10. The Zombie Mask
> > > > While getting head from your favorite, unsuspecting,
trash-barrel
> > > > whore, tell her you want her to look right up at you with those
> > > > "pretty
> > > > little eyes" when you blow your load. Then, just when you're
ready
> > to
> > > > spew a good weeks worth of goo, blast that hefty load in both
> eyes.
> > > > This
> > > > temporary state of blindness will produce the zombie effect as
she
> > > > stumbles around the room with arms outstretched, and moaning
like
> > > > the walking dead.
> > > >
> > >
> >
>
_______________________________________________________
Send a cool gift with your E-Card
http://www.bluemountain.com/giftcenter/ |
fyi
----- Forwarded by Steven J Kean/NA/Enron on 03/25/2001 06:47 PM -----
Stacey Bolton
03/23/2001 09:56 AM
To: Michael Terraso/OTS/Enron@ENRON, Jean Ryall/NA/Enron@ENRON
cc: Steven J Kean/NA/Enron@Enron, Jeffrey Keeler/Corp/Enron@ENRON, Mary
Schoen/NA/Enron@Enron, Catherine McKalip-Thompson/Enron Communications@Enron
Communications
Subject: Greening the Enron Building Mtg
Wanted to give you brief feedback on our efforts to become the 1st Fortune
500 Company that has a 100% green headquarters. We've established a
company-wide team and a working plan going forward, which includes:
1. EES commodity team is going to run the numbers for energy commodity for
facilities and give them a proposal by end of next week. While facilities
will not be part of the TX pilot, EES can arrange a financial deal for them
w/ an option of going physical on 1/1/02. EES commodity team will also let
the group know of the offer, in order to structure the REC deal. Depending
upon the savings that EES can offer to Facilities, we will determine any
"headroom" for REC purchases.
Note: It is not necessary for Facilities to sign a commodity deal w/ EES in
order for the "greening" of the building to go forward. The RECs can be
purchased and retired irrespective of the commodity deal with EES. HOWEVER,
it would be optimum for Facilities to sign on w/ EES and use the cost savings
toward purchase of the RECs. Facilities stated intent to do the latter.
2. Michael Payne and Mike Curry are going to be working on determining a cost
for the RECs. Michael initially projected $250,000 per year for the
requisite number of RECs to retire commensurate w/ the demand of the
building. This was at a cost of $8 per REC, which I believe is quite high.
I think they'll go for a $1-4 dollar range, bringing the cost down to a max
of $125,000. There's several ways to slice this end. We can provide some of
the RECs from the EWC facility and buy other RECs from the market in order to
minimize the cost impact of the REC purchases.
3. Next Thursday we will be able to get more of an exact figure on the
premium cost for the RECs (ie how much over the cost savings will the RECs
cost). We will then need to decide the following:
a. Would Corp/EHS being will to pitch in to cover any additional cost for
the RECs;
b. Pitching the idea to Skilling for buyoff, and payment for the RECs;
c. Possibly getting buyoff from the business units since this could change
what they are currently paying for power.
4. We discussed all of the above with Peggy Mahoney, and she asked us to take
a stab at a comprehensive press release announcing all of the bells and
whistles on the new building and our being the 1st Fortune 500 company to go
100% green in our headquarters. Catherine McKalip Thompson is working on
the first draft. We need to determine if we can get the "best" press for
this commitment (i.e. stories in the WSJ and NY Times). We determined that
the message would need to be targeted, specifying the terms of our
commitment....i.e. Enron makes a commitment for 3 years to provide 100% green
for its headquarters in Houston, making it the first Fortune 500 company
to.......
The goal is to have a final plan and decision by April 20th when Steve speaks
to high level executives at a prelude to Earth Day NY on the topic of Energy
Shock--Crisis or Opportunity: Building Economics and the Environment.
Mike, we'll definitely need your continued support and assistance,
particularly if this goes to Skilling. I'll keep you posted on the progress.
Stacey
----- Forwarded by Stacey Bolton/NA/Enron on 03/22/2001 03:14 PM -----
Stacey Bolton
03/22/2001 10:14 AM
To: Scott Gahn/HOU/EES@EES, James M Wood/HOU/EES@EES, Greg
Sharp/HOU/EES@EES, Richard Ring/HOU/EES@EES, Steve Woods/EPSC/HOU/ECT@ECT,
Michael Payne/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike
Curry/Enron@EnronXGate, Stan Dowell/HOU/EES@EES, Catherine
McKalip-Thompson/Enron Communications@Enron Communications, Peggy
Mahoney/HOU/EES@EES
cc: Michael Terraso/OTS/Enron@ENRON
Subject: Greening the Enron Building Mtg
The meeting is confirmed for today at 2:00 p.m. in 50 M03. There are a
couple of folks dialing in, and the number is 800-991-9019, passcode:
6775293#. I look forward to our discussion.
----- Forwarded by Stacey Bolton/NA/Enron on 03/22/2001 10:05 AM -----
Stacey Bolton
03/16/2001 05:04 PM
To: Scott Gahn/HOU/EES@EES, James M Wood/HOU/EES@EES, Greg
Sharp/HOU/EES@EES, Richard Ring/HOU/EES@EES, Steve Woods/EPSC/HOU/ECT@ECT,
Michael Terraso/OTS/Enron@ENRON, Michael
Payne/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike Curry/Enron@EnronXGate
cc: Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Peggy
Mahoney/HOU/EES@EES, Janel Guerrero/Corp/Enron@Enron, Jeffrey
Keeler/Corp/Enron@ENRON, Catherine McKalip-Thompson/Enron
Communications@Enron Communications
Subject: Greening the Enron Building Mtg
You are invited to a meeting next Thursday (3/22) afternoon at 2:00 to
discuss energy commodity and renewable energy credits for the Enron Building,
Center and Stadium. There are a few efforts that are going on simultaneously
and I thought it would be a good idea for all of us to meet and get on the
same page. As many of you might know, Enron Wind (Michael Payne) and ENA
(Mike Curry) have a great proposal to retire renewable energy credits from
our Enron Wind facility to match the consumption of the building and stadium
(details attached below). If this proposal goes forward, Enron would be the
1st Fortune 500 company to "go green" in its headquarters building. Couple
this w/ our energy star award, and we have GREAT environmental messaging.
We'd like to highlight this announcement on Earth Day (April 22nd).
The facilities folks are interested in switching from Reliant to EES for
actual commodity. It makes sense to work strategically together on win-win
proposal that will not only make sense economically, but that we can use in
our messaging. The focus of the meeting is to discuss the various proposals,
and steps for moving forward.
The meeting will be in EB50MO3 from 2:00-3:00. Please let me know if you or
someone from your group can attend.
Stacey Bolton
Environmental Strategies
Enron Corp
3-9916 |
print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/07/2000
10:46 AM ---------------------------
Daniel Reck
10/31/2000 04:31 PM
To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, George
McClellan/HOU/ECT@ECT
cc:
Subject: The Way Forward
Now I know why God made lawyers! Below is Kevin Liss' latest analysis. His
main thesis is that there is a huge return available to the company that will
take the tax risk. We just have to find that company.
--Dan
---------------------- Forwarded by Daniel Reck/HOU/ECT on 10/31/2000 04:07
PM ---------------------------
Kevin Liss@ENRON
10/31/2000 02:24 PM
To: Daniel Reck/HOU/ECT@ECT, Tim Proffitt/HOU/ECT@ECT
cc: Stephen H Douglas/HOU/ECT@ECT
Subject: The Way Forward
Dan, in response to your question yesterday, it should still be possible to
get a structural ruling from the IRS along the lines that Deutschebank (DB)
had contemplated. In that respect, last week's IRS announcement leaves
things unchanged.
That's the good news. However, in light of last week's IRS announcement, DB
is unlikely to be able to get the new ruling that they desired confirming
Pacificorp's existing letter rulings, which they have told us was critical to
them. It would appear then that the Pacificorp deal is a non-starter from
their perspective, at least based upon the present plan of operations. Tim,
is it at all possible that DB would be willing to drop their demand about
going back for a confirming letter ruling as long as the Pacificorp
facilities are processing at least some percentage of coal fines with their
run-of-mine coal, consistently with their existing rulings? I doubt it, but
if not, we need to know so that we can move on and think about other ways to
do a coal deal with Pacificorp. I believe that Pacificorp still needs to
unload their facilities, and they may still be able to leverage off of their
existing rulings, which are still valid and have not been revoked by the IRS.
Without a deal with DB, what are our options now?
First, it is important to recognize that we still have options. The IRS has
not killed synfuel. There has not been any change in the substantive law.
Last week's announcement was just that -- an announcement of the IRS's point
of view. The news is that the IRS is getting out of the business of issuing
private letter rulings to private taxpayers in the synfuel business, which
has been an important source of comfort to many investors, but not
necessarily vital. Deals get done all the time without the benefit of having
a private letter ruling from the IRS (generally in reliance on an opinion of
outside counsel). We just need to think in terms of what the landscape looks
like in the absence of getting a new ruling.
One approach would be to follow through with our plans for Pacificorp's
facilties, meaning we would relocate them, and continue running run-of-mine
coal, the IRS be damned, and just find an equity player with a greater risk
profile than Pacificorp. In short, we would need companies who are willing
to rely on Pacificorp's existing rulings, period (along with an appropriate
indemnity). It seems to me that if the price is right, someone ought to be
willing to step up. While the risk is now greater, the potential returns
are potentially mind-blowing, and an equity player ought to be able to get an
opinion of outside counsel vouching for the viability of the credits,
notwithstanding the IRS' current view of the law. It seems to me that this
is the only approach that makes sense.
Alternatively, Pacificorp's facilities could revert back to being a pure coal
fine processing facilities in an atttempt to conform with the IRS's recent
announcement. The IRS announcement implicitly endorses facilities that
process "waste coal fines," so such facilities could still qualify for new
private letter rulings. The IRS announcement defines the term "waste coal
fines" very vaguely, not specifying either the coal size, or what it is that
makes coal fines properly viewed as "waste" coal fines. If you think in
lawyerly terms and try to deconstruct the literal language they use in their
announcement, I can envision that Enron could synthetically create "waste"
coal fines by rewriting some of our coal supply contracts with utility
customers to provide for the sale of only coal of 3/4 inches or greater,
resulting in a residual category of "unwanted" coal that we could separately
market to synfuel plants as "waste" coal fines. In other words, they could
be fairly described as "waste" insofar as another coal customer specifically
excluded it from their contract. In addition, the IRS announcement does not
require a waste coal fine processing facility to pelletize its output, as
some commontators had feared, which is a helpful development because the
pelletizing process would be a tremendous drag on capacity.
However, there are real difficulties with this approach. First, the relevant
language in the IRS announcement defining "waste coal fines" is not real
statutory law. It is basically just an IRS policy statement, meaning that we
cannot bind the IRS to it. So the opportunity for gamesmanship over the
IRS's choice of language is much more limited than it would be if this were
statutory law. Also, Price Manford has reported to me that what the IRS
really has in mind in terms of what is acceptable to them as bonafide waste
fines is fines from true waste ponds. Even if the taxpayer can argue over
the meaning of the term "waste" fines, the IRS can stick to their
understanding of the term, at least for the sake of deciding whether to issue
a new ruling. In short, the IRS may not be willing to give a new ruling
based on a coal fines facility that does not process the truly 3 or 4% waste
fines incidental to mining operations. If you are not going to be able to
get a new ruling anyway, what's the point of going back to being a coal fine
processing facility?
But there is another more fundamental problem to the latter approach.
Pacificorp already has good private letter rulings that bless coal fines
generally (i.e., not merely "waste" coal fines) as well as run-of-mine coal.
Why would anyone want to go back to the IRS to get a new ruling that is more
restrictive than the ones that they already have? That is truly putting
value at risk.
In my view, the best deal for Pacificorp would be to market their existing
rulings as essentially "above market" rulings, insofar as they go farther
than the IRS currently allows, giving them a competitive advantage over other
synfuel operators who never got a ruling. It seems to me that if they can be
persuaded to lower their price expectations in light of the new landscape,
since a new equity player is going to have to bear real risk, then we may
still have an opportunity to do a synfuel deal.
Kevin Liss
x58601 |
Those are funny. Work is hectic, can't write much, but hope to find a time that you can come visit.
Stacey
-----Original Message-----
From: [email protected]@ENRON
Sent: Wednesday, December 05, 2001 2:00 PM
To: [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; White, Stacey W.
Subject: Fwd: FW: Fw: Signs that you've grown up.
Quite a few of these hit really close to home..........love, k
Return-Path: <[email protected]>
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From: Heather Rios <[email protected]>
To: "'Alan Peters'" <[email protected]>, "'Eric'" <[email protected]>, "'Chris'" <[email protected]>, "'summer m ruckman'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'Kevin Haase'" <[email protected]>, "'Jeff & Kristi Stegall'" <[email protected]>, "'Jason Harrison'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>
Subject: FW: Fw: Signs that you've grown up.
Date: Wed, 5 Dec 2001 13:38:55 -0600
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: text/plain; charset="iso-8859-1"
I thought this was very funny.
-----Original Message-----
From: Laurisa Langley
Sent: Wednesday, December 05, 2001 1:34 PM
To: 'Mom'; 'Debby Adams'; Summer Hardage; Lori Baker; Perry Harrell;
Heather Rios; Randy Dubcak; Ben Sonnier; Damon Sonnier; 'Rick Garton';
'Natalyn Royer'; 'Brian/Mollie Gold'
Subject: FW: Fw: Signs that you've grown up.
-----Original Message-----
From: bcabrero [mailto:[email protected]]
Sent: Wednesday, December 05, 2001 1:30 PM
To: [email protected]
Subject: FW: Fw: Signs that you've grown up.
-----Original Message-----
From: [email protected]
[mailto:[email protected]]
Sent: Tuesday, December 04, 2001 11:14 AM
To: Kana Tracy Ward; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; The Sears Family; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]
Subject: Fwd: Fw: Signs that you've grown up.
this covers just about everyone I know.
Unfortunately, the last one did apply to me. Happy Holidays. :-)
. 1. Your potted plants are alive. And you can't smoke a one of them.
2. Having sex in a twin-sized bed is absurd.
3. You keep more food than beer in the fridge.
4. 6:00 AM is when you get up, not when you go to sleep.
5. You hear your favorite song on an elevator.
6. You carry an umbrella. You watch the Weather Channel.
7. Your friends marry and divorce instead of hookup and breakup.
8. You go from 130 days of vacation time to 7.
9. Jeans and a sweater no longer qualify as 'dressed up.'
10. You're the one calling the police because those darn kids next
door don't know how to turn down the stereo.
11. Older relatives feel comfortable telling sex jokes around you.
12. You don't know what time Taco Bell closes anymore.
13. Your car insurance goes down and your car payments go up.
14. You feed your dog Science Diet instead of McDonald's.
15. Sleeping on the couch makes your back hurt.
16. You no longer take naps from noon to 6 p.m.
17. Dinner and a movie - The whole date instead of the beginning of one.
18. Eating a basket of chicken wings at 3 a.m. would severely upset,
rather than settle, your stomach.
19. You go to the drugstore for Ibuprofen and antacids, not condoms
and pregnancy test kits.
20. A $4.00 bottle of wine is no longer 'pretty good stuff.'
21. You actually eat breakfast foods at breakfast time.
22. "I just can't drink the way I used to," replaces "I'm never going to
drink that much again."
23. Over 90% of the time you spend in front of a computer is for real
work.
24. You don't drink at home to save money before going to a bar.
25. You read this entire list looking for one sign that doesn't apply to
you. |
This is the document which controls our base equity contributions and our
contingent support. It is not the final version and is currently being
turned to reflect the sponsor's comments from Friday 12/15/00
---------------------- Forwarded by Rob G Gay/NA/Enron on 12/20/2000 09:49 AM
---------------------------
"RACITI, Melissa" <[email protected]> on 11/17/2000 07:39:48 PM
To: [email protected], "Adriana Mathias Baptista (E-mail)"
<[email protected]>, [email protected], [email protected],
[email protected], "Ana beatriz kesselring"
<[email protected]>, "Ana Silvia Dias"
<[email protected]>, "Anabela de Oliveira"
<[email protected]>, [email protected], "Analia
Miqueri (BFM&L) (E-mail)" <[email protected]>, "Anamaria Rosenthal"
<[email protected]>, "Andrea Gavino (E-mail)"
<[email protected]>, [email protected], "Andreia Almeida"
<[email protected]>, "Andrew Pierrie (E-mail)"
<[email protected]>, "Barbara Boehm" <[email protected]>,
[email protected], [email protected], "Beatriz Mello"
<[email protected]>, "Blanca Bollom" <[email protected]>,
"Bradley Barta" <[email protected]>, [email protected],
"BURKE, Ted (TDB)" <[email protected]>, [email protected], "Carolina
Galvao" <[email protected]>, "Chaim Wachsberger (E-mail)"
<[email protected]>, [email protected], "Christian
Huizer (E-mail)" <[email protected]>, "Claudia Bonelli"
<[email protected]>, [email protected], "Cliff Rankin"
<[email protected]>, [email protected], [email protected],
"Daniela Serpa" <[email protected]>, "David Schumacher (E-mail)"
<[email protected]>, "Deia Holzmann"
<[email protected]>, "DELPINO, Fiorella"
<[email protected]>, "ELORZA, Juliana"
<[email protected]>, "Fatima Carr" <[email protected]>,
"Fernando Aguirre (E-mail)" <[email protected]>, "Fernando Rojas
(E-mail)" <[email protected]>, [email protected], "Frank Kluesener
(KfW) (E-mail)" <[email protected]>, [email protected], "gabriela
marques" <[email protected]>, [email protected], "Gra?a
Pedretti" <[email protected]>, "[email protected]"
<[email protected]>, "Heloisa Andrade (E-mail)" <[email protected]>,
[email protected], [email protected], "Ivan Bole (BFM&L)
(E-mail)" <[email protected]>, "Javier Errecondo (BFM&L) (E-mail)"
<[email protected]>, [email protected], [email protected],
[email protected], "Joana Ryan" <[email protected]>, "Joao Francisco
Regos" <[email protected]>, "John Barquin"
<[email protected]>, "John Novak" <[email protected]>,
[email protected], "Jose Bestard" <[email protected]>,
"Jos, Roberto Martins" <[email protected]>, "Juan Carlos Moreno
(E-mail)" <[email protected]>, "Karla Wurth (E-mail)"
<[email protected]>, "Karl-Heinz Wellmann (KfW) (E-mail)"
<[email protected]>, [email protected], "Kruskaia
Sierra-Escalante (E-mail)" <[email protected]>, "Laine Powell"
<[email protected]>, [email protected], "Louis Piscitelli"
<[email protected]>, "Maria del Carmen Ballivian (E-mail)"
<[email protected]>, "Mary Mervenne (E-mail)" <[email protected]>,
"Matthew Jones (E-mail)" <[email protected]>, [email protected],
[email protected], "Nancy Rivera (E-mail)" <[email protected]>,
"O'BRIEN, Lisa" <[email protected]>, "Pablo Rojas (E-mail)"
<[email protected]>, [email protected], "Pedro Seraphim"
<[email protected]>, [email protected], "RACITI, Melissa"
<[email protected]>, "Renata Araujo" <[email protected]>,
"Ricardo Indacochea (E-mail)" <[email protected]>, "Ricardo
Nogueira" <[email protected]>, "Ricardo Sanches"
<[email protected]>, [email protected],
[email protected], [email protected], "Rob Gay" <[email protected]>,
"Robert Shapiro (E-mail)" <[email protected]>, "Roberto La Laina
(E-mail)" <[email protected]>, "Rodd Werstil"
<[email protected]>, "Rodrigo Sales (E-mail)"
<[email protected]>, [email protected],
[email protected], [email protected], [email protected], "SHAKOOR,
Fiona"
<IMCEAEX-_O=FRESHFIELDS_OU=USA-NEW+20YORK_CN=RECIPIENTS_CN=FSHAKOOR@freshfield
s.com>, [email protected], "Stefan Unna (C&P) (E-mail)"
<[email protected]>, "Stephen Coats" <[email protected]>,
[email protected], "Steve Muller" <[email protected]>,
[email protected], [email protected],
[email protected], "Thomas Felsberg"
<[email protected]>, "Thomas Mahaffey (E-mail)"
<[email protected]>, [email protected]
cc:
Subject: Equity Contribution Agreement
This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status. Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person: to do so could be a breach of confidence. Thank you for
your co-operation. Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email [email protected]
if you need assistance.
==================================================
Attached are clean and blacklined copies of the revised Equity Contribution
Agreement. The blacklined copy is marked to show changes from the draft
thereof dated 11/3/00.
The Lenders did not have the prior opportunity to review the attached and,
therefore, it remains subject to their comments.
In light of the Thanksgiving holiday next week, the Lenders would prefer to
discuss the attached during the week of November 27.
Best regards.
- COMPARE001.DOC
- NY991050085.DOC |
They are on the way! I wanted to come up and see what your printer is doing, but it's already late, time got away from me. If you're still there, give me a call and I'll run them up there, otherwise I will interoffice them like before.
Cheryl
-----Original Message-----
From: Panus, Stephanie
Sent: Thursday, October 25, 2001 2:12 PM
To: Johnson, Cheryl
Subject: RE: Final Name Change Report for October 2001
Cheryl,
I am still not able to print the documents.
-----Original Message-----
From: Johnson, Cheryl
Sent: Wednesday, October 24, 2001 11:21 AM
To: Panus, Stephanie
Subject: RE: Final Name Change Report for October 2001
<< File: Amoco_Oil_Company.pdf_func=doc.pdf >> << File: Harbour_Petroleum_Company_Limited.pdf_func=doc.pdf >>
Stephanie, hope this works! I reduced the size before sending it to you, but if it doesn't work, give me a call. I send you hard copies. My fingers are crossed.
Cheryl x33103
-----Original Message-----
From: Panus, Stephanie
Sent: Wednesday, October 24, 2001 7:41 AM
To: Johnson, Cheryl
Subject: RE: Final Name Change Report for October 2001
Cheryl,
The scanned documents are too large to be printed on any of our printers up here. Therefore, can you please send me hard copies of the documents for Harbour Petroleum Company Limited and EP Exploration & Oil Inc.?
The IT dept has looked at our printers and nothing can be done to increase the memory so that I can print the scanned documents. I am going to have to request hard copies from you each month.
Stephanie Panus
-----Original Message-----
From: Johnson, Cheryl
Sent: Tuesday, October 23, 2001 5:55 PM
To: Adams, Laurel; Alexander, Lane; Alport, Kysa; Anderson, Bridgette; Arnold, Thu Pham; Aziz, Arfan; Balfour-Flanagan, Cyndie; Baughman, Edward D.; Baxter, Bryce; Bijuk, Kristina; Bike, Anne; Blanchard, Georgia; Blaschke, Jordis; Blay, Jennifer; Boas, Fred; Bowen, Bob; Brackett, Debbie R.; Bryan, Linda S.; Bussell l, Kathryn; Campbell, Lesli; Campos, Anthony; Campos, Sylvia A.; Carrington, Kelly; Cheung, Cecilia; Christie, Zoe; Coble, Boyd; Colbert, Marilyn; Coleman, Brad; Coleman, Tandra; Cousino, Lisa; Croucher Jr., Mike; Daniel, Philippa; Daniel, Shonnie; Dawes, Cheryl; Denton, Rhonda L.; Diamond, Russell; Dickson, Stacy E.; Douglas, Ralph; D'Souza, Romeo; Duggan, Caroline; Dupont, Sherry; Eiben, Michael; Elledge, Susan; Ellstrom, Diane; Enron Europe Global CounterParty,; Enron London - EOL Product Control Group; Espinoza, Veronica; Farmer, Daren J.; Fitzgerald, Genia; Foon, Hoong P.; Frayre, Imelda; Gardiner, Anna; Garner, Kate; Gay, Randall L.; Gilbert, Scotty; Gillette, Lisa; Gilley, Carolyn; Gonzales, Sharon; Goodbody, Winston; Gosalia, Amita; Gray, Palice; Griffin, Sherri; Guillen, Andrea R.; Gupta, Sanjeev; Hall, Bob M; Hall, D. Todd; Hardy, David; Hare, Bill D.; Harmon, Kenneth M.; Hedstrom, Peggy; Hernandez, Elizabeth L.; Herod, Brenda F.; Hilliard, Marlene; Hillman, Liz; Hlavaty, Nathan; Homco, Jim; Horn, Cindy; Hunter, Larry Joe; Hunter, Nicole; Huthmacher, Tammie; Jafry, Rahil; Jaquet, Tammy; Johnson, Rudwell; Jones, Tana; Kelly, Katherine L.; Kettler, Nanette; Klussmann, Troy; Knightstep, Melissa C.; Kyser, Ruby; Lamadrid, Victor; Lambert, Karen; Lancaster, Cregg; Landau, Georgi; Landry, Shemeika S.; Latham, Jenny; Laurant, Michelle; Lebrocq, Wendi; Lee, Paula; Lew, Elsie; Lewis, Andrew H.; Little, James; Loibl, Kori; Lombardi, Kelly; Lowry, Donna; Lytle, Scott F.; Machado, Matilda; Mack, Hillary; Mallory, Chris; Marron, Julissa; McKeel, Richard; McKinney, Lara; McLaughlin Jr., Errol; Mendoza, Nidia; Miley, Richard A.; Mills, Bruce; Mills, Scott; Mims, Patrice L.; Mitchell, Glenda D.; Moore, Jason; Moore, Tom E.; Moran, Tom; Morris, Jeremy; Morris, Michael; Muniz, Margaret; Negrete, Flavia; Newberger, Dale ; Ngo, Tracy; Nguyen, Margie; Nicholls, Debbie; Nowlan Jr., John L.; Oliver, Alan; Oliver, Jennifer; Palmer, B. Scott; Panus, Stephanie; Patton, Anita K.; Perkins, Regina; Perlingiere, Debra; Pinion, Richard; Platter, Phillip; Pollan, Sylvia S.; Powell, John D.; Product Control - Houston; Quick, Joan; Reeves, Leslie; Reves, Brant; Richardson, Stacey; Richter, Jeff; Riordan, Sean; Rivera, Oscar; Rodriguez, Bernice; Round, Samuel; Schoppe, Marilyn M.; Schott, Samuel; Scribner, James; Seib, Dianne; Shankle, Monique; Shealy, Nelda; Sheeren, Ryan; Shirley, Jim; Shivers, Lynn; Small, Michele; Smith, Mary; Smith, Shelli; Sorenson, Jefferson D.; Southard, Carrie; Stewart, Willie; Storey, Geoff; Suttle, John; Swinney, John; Symes, Kate; Terry Diel; Theriot, Kim S.; Thorne, Mark D.; Travis, Philippe; Trevino, Susan; Valderrama, Lisa; Vanek, Darren; Vargas, Daniel; Viejou, Claire; Villarreal, Elsa; Wallumrod, Ellen; Watson, Steve; Weinreich, Colette; Westin, Marie; White, Stacey W.; Williams, Jason R (Credit); Williams, Karin; Winfree, O'Neal D.; Winfrey, Christa; Wong, Jeremy; Wynne, Rita; Zeman, Angie
Subject: Final Name Change Report for October 2001
Attached is the final report for October, 2001, which includes a name overlay completed in GCP today.
Amoco Oil Company to BP Products North America Inc.
Click below, then click FETCH to view. The summary page includes changes made since 10/15/01. For more detail, refer to the bottom tab "Oct 2001"
http://nahou-dmagn01p/ena/livelink.exe?func=ll.login&username=GCPGuest&password=&nextURL=%2fena%2flivelink.exe?func=ll%26objId=11965334objAction=browse&sort=name
Shortname changes will be coordinated with ERMS IT, Friday October 26.
Records will be inactivated on November 1.
Cheryl Johnson
Enron Net Works
Global Data Management
713.853.3103 |
Matt-
I am unsure as to what Mike Dahlke is referencing when utilizing the term
"Business Model Patent". If you believe it appropriate, perhaps you could
clarify this with him.
I note, that yesterday I was requested by Mike Grimes to join in on a
conference call that was in progress. The question that Jae Moo had raised
was as to whether we could state to the Korean authorities that the Japanese
authorities had arrived at the conclusion that weather derivatives should be
categorized as a commodity derivative, as opposed to a financial
derivative. I informed the participants on the call that in Japan, weather
derivatives are considered financial in nature, most analagous under the
Japanese regulatory framework to FX and interest rate transactions. The basis
for this, is that there can be no physical delivery with a weather
derivative, as would be possible in a commodity type transaction, therefore
resulting in the classification of a financial derivative.
If I may be of further assistance, please contact me. My office phone number
in Tokyo is 81-3 5219-4578.
Cheers,
John
Matthias Lee@ECT
07/20/2000 02:32 AM
To: Alan Aronowitz/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Edmund Cooper/LON/ECT@ECT, John
Viverito/Corp/Enron@Enron
cc: Angeline Poon/SIN/ECT@ECT
Subject: Meeting with Kim & Chang - EOL Korean legal survey
Alan, Mark,David, John, Edmund
I had a telephone conference with Kim & Chang/Enron Korea this afternoon. The
meeting was initiated by Mike Dahlke (APACHI Regulatory Affairs) and Jae Moo
Lee (Enron Korea).
Attendence:
Mike Dahlke (Enron)
Jae Moo Lee (Enron)
Michelle Lee (Enron)
Matt Lee (Enron- by telephone)
SK Hong (Kim & Chang)
Summary of issues discussed:
1. Whether Weather Derivatives will be classified as a Commodity Derivative
or a Financial Derivative, since Korea has no experience with such a product.
2. Commodity Derivatives are defined in the FETR but does not seem to capture
Weather Derivatives as reference is made to products that can be delivered or
received. Financial Derivatives are not defined.
3. Commodity Derivatives require a prior reporting the the Bank of Korea for
each trade. Financial Derivatives require prior approval from the Bank of
Korea for each trade. Failure to make report or obtain approval means the
Counterparty would not be able to remit funds to make payment.
4. Bank of Korea has informally advised K&C that, for Commodity Derivatives,
the report can be made by the foreign counterparty (ie. Enron) and,
notwithstanding it ought to be a prior report, can be done as soon as
possible after the trade confirmation. However, Bank of Korea has the
discretion to reject any report made. This would make a trade effectively
unperformable or unenforceable.
5. Bank of Korea took on the role to receive such reports in April 1999 and
informally informed K&C that they have yet to receive a single report. Prior
to April 1999, reports were made to certain designated banks.
6. K&C advised that if the report is made by a Korean counterparty, it would
have to declare why it is entering into the transaction and the risk it is
hedging, but this requirement would not be applicable if the foreign
copunterparty makes the report. I am of the opinion that this statement
should be viewed with caution, especially since there is really no expereince
in Korea of such reports being filed with the Bank of Korea.
7. For Financial Derivatives, prior approval is required before a trade is
done and may take 3 to 5 days.
8. The reporting and approval requirements apply only to onshore Korean
entities.
9. In order to determine how Weather Derivatives would be classified, K&C
recommends approaching the Bank of Korea to make a detailed presentation. The
Ministry of Finance and Economy (which is the legislative authority) may have
to be approached if Bank of Korea is unable/unwilling to make a decision.
Such lobbying is likely to be protracted. I have asked K&C to make informal
enquiries as to whether Bank of Korea would likely classify Weather
Derivatives as Commodity Derivatives or Financial Derivatives, and whether it
would be receptive to presentation on Weather Derivatives.
10. K&C also advised that it would be preferred if the overtures to Bank of
Korea can be made by Korean companies with a real interest in doing Weather
Derivatives. K&C was of the view that Bank of Korea is conservative and may
view Enron with some suspicion as a foreign company "out to make lots of
money".
11. Mike Dahlke also brought up the issue of Business Model Patent in Japan
which he had spoken with John V. about. John - could you fill me in, in case
applicable to Korea?
It seems to me the main obstacle is the issue of reporting to/approval from
Bank of Korea. The reporting requirement applies to Liquid Fuel Derivatives,
and the approval requirement would apply to the Financial Derivatives
potentially offered out of Enron Japan. The Korean regulations do not seem to
accomodate prompt telephone derivative trading, let alone instantaneous
online derivative trading.
Please advise next steps, in particular, do the commercial guys want to
proceed with approaching Bank of Korea and how would it be coordinated.
Meanwhile, I attach my comments and queries of K&C's memorandum for your
review. Please let me know as soon as possible if you have other comments for
me to revert to K&C.
Regards
Matt |
The Washington Global Finance office is chartered with the responsibility to
support Enron's activities with the Washington-based financing institutions -
OPIC, EXIM, and the multilateral institutions - the World Bank and IFC and
the InterAmerican Development Bank. Every project financing done by the
company in the emerging markets over the past several years has involved
these agencies and this year is no exception.
In the past six months we have supported five projects before these
institutions:
Cuiaba - Disbursement is now projected for mid-August. OPIC is pleased
with the progress. We have had to tweak the process to keep the project
moving forward; that process has been successful. We have also been heavily
involved in the environmental aspects of the project, working with the
project team on the Environmental Health and Safety program, the
international NGOs and the Conservation Program to keep these aspects on
track.
Gaza - We have been heavily involved throughout the first half of the year
getting OPIC to a Board vote which was successful in March. We used the
Department of State and other agencies to pressure OPIC politically to do the
deal. Since the board vote the developers have been focussed on the
financing with Arab Bank but we are now in a process of pushing State to get
OPIC to move forward to financial close on reasonable financial lterms and
conditions.
Guatemala barge mounted plant at Puerto Quertzal - OPIC and MARAD are to
provide financing. We have been working with the finance team to keep the
project moving forward and are now looking at fijnancial close by the end of
the summer.
Argentina water for the Province of Buenos Aires - This office is pushing
both the financing parties, OPIC and IDB, and Azurix to an end of September
Board approval on a financing that started late spring. the time frame is
extremely short but unless we keep on schedule we will lose close to six
months. We are driving the schjedule and then overseeing all parties to keep
the financing on track, so far successfully.
RioGen - We have been working with the Rio team to ensure that
consultation on the environmental assessment is conducted properly to avoid
Cuiaba type problems and help the IDB financing. We are getting the
requirements with the team sorted out so that the process will go forward in
an appropriate manner.
In the past six months we have supported the development efforts of the
following projects:
Nigeria - We were heavily involved in getting the World Bank to back away
from their opposition to our project, as well as getting the State
Department, DOE and Treasury to aggressively support our efforts to conclude
a deal in Lagos. We finally persuaded the Bank to take the position that it
was not fully current on the status of the project and so could not comment.
The USG supported our efforts and did help the process by which Enron was
finally able to conclude a deal.
Camisea - We were heavily involved in sorting out the environmental
requirements for this project in Peru to go forward. We spent considerable
time educating the developer team on these requirements. We met on several
with the Peruvian Minister of Energy and had him meet with OPIC, IDB and the
World Bank to better understand the impact of environmental issues on
financing.
Bulacan Biomass project, Philippines - We are working with the project team
to obtain political risk insurance for the project through OPIC or MIGA.
LNG project, Venezuela: We are working with the finance team exploring
OPIC, IFC, IDB financing for this project.
Pipavov power project, India - Working with the project team regarding
OPIC, IFC financing for the project
Subsea fiber laying project, Caribbean: We have undertaken discussions
with financing and other institutions re sub-sea fiber laying jproject,
including addressing licensing requirements of the FCC for international
telecom projects.
SIEPAC - We have had meetings with the project team on the status of this
Central American electricity transmission project and how we might get
involved.
Puerto Suarez - We have been working with the project team to address
environmental issues relating to the transmission line that is in the
Pantanel in preparation for OPIC or IDB financing.
Cuiaba II - We have been working with the team to develop a strategy to
address the siting of compression stations so that the environmentalists will
not create major problems. This is a problem for both Phase I and II.
EES Projects in Southern Cone and Eastern Europe - We have met with the
IDB, IFC and OPIC and have arrived at an agreed upon financing strucure which
now awaits EES projects in these regions.
In the past six months we have also been involved in supporting our existing
asset base on a variety of issues before these institutions as well as to
agencies of the USG:
Dominican Republic - Have been working with the DR team to broaden pressure
on the government regarding our payment problems, including the IFC and World
Bank, the IDB and the USG, especially State, Treasury and DOE.
Trakya, Turkey - We have been working with the asset team to mobilize USG
support through OPIC, EXIM, state and Treasury to address payment problems.
the USG is now aggressively supporting Enron in our effort to get these
issues under control. We are also in discussion with OPIC and EXIM about the
prospective selldown of our equity interest in Trakya, as we are for Cuiaba
and Dabhol.
In the past six months we have also been involved in a range of other issues
of importance to the company:
Transfer issues: I have developed a strategy as to how to approach OPIC,
EXIM, MIGA and the other financing institutions in the event there is a
transfer situation. We are now awaiting whether it will be needed.
OPIC in Mexico: As part of our overarching relationship with OPIC we have
agreed to spearhead an initiastive to assist OIPIC develop a program in
Mexico. that effort has been very well received by OPIC and George Munoz and
is ongoing.
EXIM Relationship: As part of our effort to establish a relationship with
EXIM and Chairman Jim Harmon we agreed to spearhead the analysis of the
market windows issue. the effort has been very well received; Joe Sutton is
now on the EXIM Advisory Board and Enron will be on the commission
considering EXIM's future. Harmon and EXIM have been very complimentary of
Enron's initiative in this regard.
Environmental Issues: I am working with Kelly Kimberly and her team, and
with the Southern Cone to better address our environmental needs in that
region and throughout the emerging markets.
EES financing
Liberalization efforts - SCone, Petrobras
OPIC - efforts in Mexico |
Context of today's data request (2 articles):
US FERC To Compile Data On Calif DWR Power Contracts
04/13/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
WASHINGTON -(Dow Jones)- The U.S. Federal Energy Regulatory Commission issued
an order late Thursday requiring 49 electricity providers to file information
regarding contracts they have entered into with the California Department of
Water Resources.
The information, due by the close of business Monday, is being compiled on
behalf of the House Government Reform Committee, which held hearings in
California this week as part of its oversight investigation into the state's
electricity-supply crisis.
Rep. Dan Burton, R-Ind., the committee's chairman, requested the information
from FERC to determine whether the commission's order Dec. 15 designed to
move the state away from reliance on volatile spot markets for power supplies
and into lower-cost long-term contracts has been effective.
The state water department has been purchasing power for months on behalf of
the state's two financially troubled utilities, spending more than $4 billion
at a rate of $50 million daily.
Edison International unit Southern California Edison (EIX) and PG&E Corp.
unit Pacific Gas & Electric Co. have amassed more than $13 billion in
liabilities, because state-regulated retail rates don't allow them to pass
through high-cost wholesale power purchases.
PG&E filed for Chapter 11 bankruptcy protection on behalf of its utility unit
a week ago. Monday, Edison entered into an agreement to sell the state its
transmission lines in a bid to restore financial solvency.
FERC's order Thursday requests information from 49 power suppliers on both
short- and long-term contracts they may have entered into with the department
since Dec. 15. FERC said it will treat the information as confidential,
unless the supplier states otherwise.
One Democratic official in Washington suggested the House panel is engaged in
a partisan "bashing" effort targeting California Gov. Gray Davis, who has
widely been touted as a presidential prospect for the 2004 election.
Davis spokesman Steven Maviglio supported the official's assessment.
"What a shock! Dan Burton is at it again," Maviglio said facetiously of
Burton, who derived a reputation as a partisan foe of former U.S. President
Bill Clinton with his many investigations into Clinton and his
administration.
"The bottom line is they're aiding and abetting the generators," Maviglio
said of Burton's committee.
The governor's spokesman also questioned whether the information FERC amasses
under seal of confidentiality will remain private once turned over to the
committee.
The committee's offices were closed Friday, so no response was immediately
available.
-By Bryan Lee, Dow Jones Newswires, 202-862-6647, [email protected]
..............................................................................
.......................................................
?
Congressional Committee Members Question California Utility Officials
Michelle Guido
04/12/2001
KRTBN Knight-Ridder Tribune Business News: San Jose Mercury News - California
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World
Reporter (TM)
Officials from California's two major utilities and two of its smaller power
generators were in the hot seat in San Jose on Wednesday, fielding questions
from federal lawmakers about their role in the state's power crisis.
On Day 2 of a three-day swing through California, three Republican members of
a U.S. House subcommittee on energy policy and three local Democratic
representatives heard testimony from utility officials and from the chairman
of the Federal Energy Regulatory Commission.
The energy crisis is expected to bring rolling blackouts to California
through the summer months and energy officials warned on Wednesday that the
high prices consumers face here undoubtedly will spill over into neighboring
states if FERC doesn't cap prices now.
But FERC Chairman Curt L. Hebert Jr. reiterated what he said Tuesday at a
western energy summit in Boise: He does not support price caps on electricity
-- in California or any of the western states.
"The energy is going to go where the caps are not, and nine out of 11 western
state governors have said they don't want price caps in their states," Hebert
said. "A cap sends us in the wrong direction."
Instead, he said, by May 1, FERC will unveil a plan to monitor energy prices
and in some cases, might mitigate the price of energy sold on California's
more expensive spot markets. He wouldn't elaborate, but made it clear those
adjustments would not include price caps.
Government Reform Committee Chairman Dan Burton of Indiana opened the hearing
by saying the committee's mission was not to "point fingers."
"We wanted to see if there were ways the federal government and the state
government could work together to get past this crisis."
At one point early in the hearing, demonstrators attempted to address the
lawmakers. They were ushered out of the room by security personnel.
Burton was joined by Republican representatives Doug Ose of Woodland and
Steve Horn of Lakewood. Also participating in the hearings were Democratic
representatives Zoe Lofgren and Michael Honda of San Jose and Barbara Lee of
Oakland.
The Democrats pushed strongly for FERC to consider price caps.
"We need to gain control of this out-of-control market and gain control of
the price gouging," Lofgren said.
Honda concurred: "We believe that FERC has a responsibility and they've even
said that rates are unjust and unreasonable. We need short-term caps."
It was clear that Burton doesn't believe that price caps are the answer. In
fact, on several occasions, he suggested that capping energy prices might
result in even more blackouts as summer approaches.
Lee suggested that some people believe the only way out of the crisis is some
form of re-regulation. But Dede Hapner, vice president of regulatory
relations for PG&E, said she wasn't sure that was the answer.
"We still think a correctly structured market could work. It's certainly
working in other states," Hapner said. "In retrospect, the way the
deregulation market was structured was designed to fail."
Today the hearings move to San Diego, where members will hear from
representatives of generators that have been accused of overcharging
California, including Reliant Energy, Sempra Energy and Williams Energy
Services.
..............................................................................
.......................................................
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. |
----- Forwarded by Steven J Kean/NA/Enron on 02/20/2001 01:28 PM -----
Sherri Sera
02/15/2001 11:48 AM
To: Steven J Kean/NA/Enron@Enron
cc: Maureen McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON
Subject: Re: Legal/Political Time-bomb Ticking
Steve, I thought you should probably see this, too. Any idea what this guy
is rambling about? SRS
From: Joannie Williamson 02/15/2001 11:10 AM
To: Rex Rogers/Corp/Enron, Sherri Sera/Corp/Enron@ENRON
cc:
Subject: Legal/Political Time-bomb Ticking
I'm still trying to sift thru this, but I thought you should read.
Joannie
---------------------- Forwarded by Joannie Williamson/Corp/Enron on
02/15/2001 11:07 AM ---------------------------
Will Griffin <[email protected]> on 02/15/2001 10:52:22 AM
To: [email protected]
cc: [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected]
Subject: Legal/Political Time-bomb Ticking
Dear Ms. Williamson:
Per an autoresponder from Yorleni Mendez, I am forwarding to you
what I sent to Enron & others a couple of days ago, which was in
supplement to what I sent on Feb. 6th. Time is of the essence and not
on your side. Nor are the facts & the law on your side. Therefore, you
need to find a way to get us to be on your side.
Due to the urgency and foreseeable and announced forthcoming event
horizons, I believe you may wish to provide copies of the attached to
the proper persons at Enron for their immediate attention. Please let
them know that if I have to continue to give information & documents to
the U.S. Senate and the proper others, that I will do so and then also
show that the failure of Hughes interests/companies to take remedial
measures was indeed blatant refusal. We have already logged where
Hughes companies/interests have been to
http://willgriffin.com/hughes.htm thus you might as well continue to
visit there and see where we have posted changes and new information.
The knowledge of the Hughes companies/interests of these matters is now
clearly established. We've already submitted some of our visitor logs
and other documents to the proper others, establishing the knowledge of
Hughes companies/interests to others. This is something I am sure will
be most meaningful to the lawyers, along with a few other things I'm
sure which will get their attention..
Also please have someone forward the attached to William Rice
Lummis, James A. Baker and others and advise them that surprises,
attention getters & wake-up calls are just around the corner. They need
to contact us soon, before it becomes improper to discuss how a
reasonable (fanny & facing-saving) resolve for Hughes
interests/companies may be achieved.
Will Griffin
http://willgriffin.com/hughes.htm
X-Mozilla-Status2: 00000000
Message-ID: <[email protected]>
Date: Tue, 13 Feb 2001 11:37:24 -0600
From: Will Griffin <[email protected]>
Organization: Griffin Group
X-Mailer: Mozilla 4.7 [en]C-bls40 (Win95; U)
X-Accept-Language: en
MIME-Version: 1.0
To: [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected]
Subject: Advisory of Your Legal/Political Exposures Coming True
Content-Type: multipart/mixed; boundary="------------C4135F3BD40002931C95C2CA"
Dear Hughes Electronics, Enron, HHMI, and Hughes Lawyers, et. al:
I am fully aware how many of the Hughes interests visited
http://willgriffin.com/hughes.htm after I sent you an e-mail on Feb. 6,
2001, advising you of your impending difficulties and exposures.
I have made some changes to these Hughes related pages, including
posting my advisory to you to http://willgriffin.com/letterto.htm for
your convenience and reference, with active e-mail links to you and each
other.
Also since I contacted you last week (the next day), Enron has been
in the news as being the biggest beneficiary of the California energy
woes, while also being the largest contributor, fund-raiser and general
benefactor to President George W. Bush.
http://www0.mercurycenter.com:80/premium/business/docs/enron07.htm
Another article goes even further showing the relationship of James
Addison Baker III to Enron and Hughes "Bush's Biggest Donors Gain From
High Prices in California Crunch"
http://www.villagevoice.com:80/issues/0106/ridgeway3.shtml
You may wish to re-visit the updated
http://willgriffin.com/hughes.htm (refesh/reload the page to clear your
browser's cache of the previous copy) after reviewing the news articles
links about Enron provided above. You should know and reasonably
foresee that you are not the only visitors to my Hughes pages. You
should also know that I've had contact with the proper authorities and
this to include correspondences within this past week. Then again, I'm
sure many in the pipeline of those who review this and my previous
advisory know this to be true, or to reasonably foresee the interest of
many others at a minimum.
I believe you to foresee more to soon become public difficulties for
you and that the intensity will no doubt increase significantly. You
should know that any political related problems will include Democrats
in volumes, but there exists quite a few Republicans who will disavow
and distance themselves from you. The China-Hughes missile & satellite
technology transfers, that were cited in the Cox Committee report, and
the arming of Sadaam Hussein with Hughes technologies issues are about
to pop up their heads and see a longer shadow than the groundhog
recently did. This, in addition to the recent articles about Enron,
current activities and forthcoming event horizons, is not good news for
Hughes interests.
You just might want to ask William Rice Lummis and James A. Baker
III, et. al. how they intend to solicit the help of the guy who holds
the keys to resolve, who they've got a little miffed at them, because of
what was done to him in an ad hominem attempt. Certainly, when it is
true that if he now does nothing and a profound correlation exists
between how bad things go for you and how good things go as a result for
him, then why should he help y'all? It appears if you ask Mr. Baker
about the Matter of Hughes and how we hold the keys to an amiable
resolve, that he will stipulate that it will take some real "Politics of
Diplomacy" to persuade us to help you, but that this needs to be
urgently accomplished.
Will Griffin
- griffgrp.vcf
- griffgrp.vcf |
----- Forwarded by Sharonda Stephens/Corp/Enron on 01/24/2001 09:38 AM -----
"ANN SCHMIDT, ENRON CORP." <[email protected]>
01/24/2001 09:37 AM
To: [email protected]
cc:
Subject: (BN ) Edison Says Banks Put Off Credit Remedies to Feb. 13
enron story
Edison Says Banks Put Off Credit Remedies to Feb. 13 (Update4)
1/24/1 10:32 (New York)
Edison Says Banks Put Off Credit Remedies to Feb. 13 (Update4)
(Adds background on missed payments in fourth paragraph,
power alert in seventh paragraph, auction in eighth paragraph. For
more on California's electricity crisis, see {EXTRA <GO>}.)
Rosemead, California, Jan. 24 (Bloomberg) -- Southern
California Edison Co.'s banks agreed to delay taking action
against the utility until at least Feb. 13 for defaulting on lines
of credit, an executive of its parent company said.
``The banks have agreed to forbear'' through that date, Ted
Craver, Edison International's chief financial officer, said in a
conference call with investors.
The group of 23 banks have the right to demand accelerated
payments or seek other remedies after Southern California Edison,
California's second-largest utility, failed to make $230 million
of payments on maturing notes last week. That produced a ``cross-
default'' on its lines of credit.
Both the utility and PG&E Corp.'s Pacific Gas & Electric
defaulted last week on commercial paper, a type of money-market
security. In addition, Southern California Edison failed to pay
$366 million to power generators.
The two utilities have piled up more than $11.5 billion in
power-buying debt because rising demand and short supplies have
driven up the price they pay, and the state's deregulation law
caps the rates they can charge customers.
For more than a week, the California Independent System
Operator has kept its highest alert in place. The Stage Three
alert is imposed by the ISO, which runs three-quarters of the
state's power grid, when reserves fall to within 1.5 percent
of demand.
Bankruptcy Outlook
The state is now running an auction to solicit bids for
multiyear power contracts on behalf of the utilities. Producers
can submit offers in the auction, which ends at noon California
time, to sell power for as long as 10 years.
Meanwhile, Southern California Edison and the banks are
getting the final paperwork ``mopped up'' on the forbearance
agreement, Craver said in yesterday's conference call.
The utility doesn't intend to file for bankruptcy, Craver
said. ``We do not believe that solves anything,'' he said, as it
doesn't change the need for political and regulatory action to
address the utility's cash crunch.
``That's why we instituted this additional step of the
temporary payment suspension,'' Craver said. ``We believe we're in
a position to operate the business without running out of cash''
for at least three weeks, he said. He described the utility's net
cash flow as ``at least breakeven'' after the payment suspensions.
Craver was asked during the teleconference about the chances
that power generators or other creditors might force the utility
into an involuntary bankruptcy.
Making Progress
Generators are aware of the ``not-so-subtle threats that
bubble about'' regarding the state using eminent domain to take
control of power plants or contracts. ``It's in everybody's best
interest'' to find a way out that avoids bankruptcy, Craver said.
``That's the way everybody's operating.''
California Governor Gray Davis and state lawmakers are
working on potential solutions, including locking in long-term
power contracts, to help keep the two utilities from bankruptcy.
The state's Department of Water Resources has an initial stake of
$400 million to buy electricity for the utilities.
``We're continuing to make progress and it's encouraging
that's being recognized,'' said Steve Maviglio, a spokesman for
Davis.
``There is now a very great deal of urgency'' among state
leaders to develop a comprehensive framework of solutions, Robert
Foster, Edison's senior vice president of public affairs, said
during the conference call.
A framework may be in place by Feb. 1, Foster said. ``I
haven't seen anything quite this intense in 30 years'' in the
state capital, he added.
Paying the Bills
Assembly Speaker Robert Hertzberg is working on a bill that
calls for Southern California Edison and Pacific Gas & Electric to
give up hydroelectric plants. In exchange, the state would sell
revenue bonds that repay past spending and finance power purchases
on their behalf.
``I don't think at this point we're really able to respond''
to that proposal without more details, Craver said. In response to
a question on the transfer of hydroelectric plants, utility
officials said the issues would include secured bondholders' liens
on Edison's assets.
Utility officials said they have also been asked about who
will repay the $400 million of initial state spending on power
purchases.
Based on the legislative intent, it is Edison's understanding
``that this power be paid for directly by the customers, not the
utilities,'' Stephen Pickett, vice president and general counsel
of Southern California Edison, said during the teleconference.
``It is not completely clear that that is the case,'' Pickett
said.
Craver also stressed that Edison, the parent of the utility,
hasn't gone into default on its obligations. ``We're not having
difficulty meeting our obligations,'' he said, and its cash is
about twice the amount of commercial paper outstanding.
--Dennis Walters in Ojai, California, at (805) 646-1475, or
[email protected], through the San Francisco newsroom (415)
912-2980/pkc/cs/dw
Story illustration: For a chart comparing the performance of
Edison and PG&E with the Dow Jones Utilities for the past year,
click on {UTIL <Index> COMP D <GO>} or enter the command. Enter
EIX US <Equity> in the second box, and PCG US <Equity> in the
third. Press <GO>.
PCG US <Equity> CN
EIX US <Equity> CN
DUK US <Equity> CN
ENE US <Equity> CN
CPN US <Equity> CN
REI US <Equity> CN
NRG US <Equity> CN
WMB US <Equity> CN
SO US <Equity> CN
SOE US <Equity> CN
AES US <Equity> CN
DYN US <Equity> CN
13622Z US <Equity> CN
SRE US <Equity> CN
NI UTI
NI NRG
NI BNK
NI ELC
NI GAS
NI COS
NI LAW
NI US
NI EXE
NI GEN
NI CA
NI RULES
NI GOV
NI MUN
NI MNC
NI BCY
NI USBONDS
-0- (BN ) Jan/24/2001 15:32 GMT |
who told you if you look good with hair you will look good without it? that sounds like a george costanza. hair is important to women under 45. i wish i could make this ski trip and see you in action again, but south beach calls.
-----Original Message-----
From: "COREY ROBICHEAUX" <[email protected]>@ENRON
Sent: Thursday, October 25, 2001 10:34 PM
To: Lenhart, Matthew; [email protected]
Cc: [email protected]; IMCEANOTES-+22Scott+20Naquin+20+3Cnaquinscott+40yahoo+2Ecom+3E+2C+20Clint+20Eilbeck+22@ENRON.com; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]
Subject: RE: THE OFFICIAL SNOW REPORT!!!!!
Yo Lenny,
Glad you finally pulled your big head out of Chemosabe's ass and decided to
chat with us. Thanks for looking us up when you came to New Orleans, I
guess since none of us drink Jamison and wack off to the Sundance film
festival we're not cool...
Anyways, thanks for letting us stay at your maw's place when we go skiing.
Yes I'm going bald but your maw said that if you look good with hair then
you'll look good without it- so this year I'll shave my sack as an added
bonus... Don't worry about saving for me a place to sleep, I'll just make a
matress out of dog hair from those slobbering, gaseous, farting bulldogs
your maw has.
Wish you were coming on the ski trip, but I realize the gay olympic trials
are in South Beach at the same time, so I understand. Hope you qualify.
cjrob
>From: "Lenhart, Matthew" <[email protected]>
>To: "[email protected]@ENRON"
><[email protected]>
>CC: "Scott Naquin <[email protected]>, Clint Eilbeck"
><IMCEANOTES-+22Scott+20Naquin+20+3Cnaquinscott+40yahoo+2Ecom+3E+2C+20Clint+20Eilbeck+22@ENRON.com>,
> "Myers Namie" <[email protected]>, "Denis Naquin"
><[email protected]>, "Tommy Porteous" <[email protected]>, "COREY
>ROBICHEAUX" <[email protected]>, "Tanya Flynn" <[email protected]>,
>"Mike Gooch" <[email protected]>, "Bernard Guste" <[email protected]>,
> <[email protected]>, "Scott Dehart" <[email protected]>, "don
>edgerton" <[email protected]>
>Subject: RE: THE OFFICIAL SNOW REPORT!!!!!
>Date: Wed, 24 Oct 2001 12:10:28 -0500
>
>thanks for including me. i don't think i will be able to make a ski
>trip durning that period. i have to go to miami and party on south
>beach. sorry. maybe if something was scheduled around spring skiing
>(feb-mar) i could definately go. robicheaux is bald? i remember that
>bastard was so hairy when i was living with him. i used to have to
>shave the soap in the shower after he used it. i know some of the
>houston guys would like to go skiing so keep us informed.
>
>
> > -----Original Message-----
> > From: [email protected]@ENRON
> > Sent: Wednesday, October 24, 2001 10:39 AM
> > To: Lenhart, Matthew
> > Cc: "Scott Naquin <[email protected]>, Clint Eilbeck"; Myers
> > Namie; Denis Naquin; Tommy Porteous; COREY ROBICHEAUX; Tanya Flynn;
> > Mike Gooch; Bernard Guste; [email protected]; Scott Dehart; don
> > edgerton
> > Subject: RE: THE OFFICIAL SNOW REPORT!!!!!
> >
> >
> > Lenny! jumping in the conversation without missing a beat....good to
> > have
> > you with us. Nice comedy....but the only fat, bald 30 year old is the
> > Dogger. (just kidding dog, you's not fat....you's just fluffy). Don is
> > bald, but not fat. Roby is balding, but just a little "stocky". Clint
> > has a
> > belly, but is not balding. Other than that, we are all pretty normal
> > (please use that term loosely).
> >
> > Your parents would love to have us at their crib. Dog could rummage
> > through
> > all of your belongings, eat all of your parents' food, and wake them
> > up at
> > the ass crack of dawn with scrambled eggs and jumby. Roby could show
> > your
> > mom "a good time". Porteous, Clay, and Myers could talk to your dad
> > about
> > his company's legal shortcomings. Bernie could sell you all some much
> > needed life insurance. Clint could smoke, and Dehart could clear his
> > lungs
> > so that he could ski without falling dead on the slopes. Gooch could
> > lend
> > Don the money to build an addition to your maw's bathroom (so that Dog
> > and
> > Roby could smell it up). And Naquin could try to get with your sister,
> > take
> > notes of the whole weekend's proceedings, and make copies for all of
> > us to
> > remember them by.
> >
> > Porthole....see if Timmy, Tricia, Mike Thomas, etc. would be
> > interested in
> > going on the trip...Lenny....see about all of your Houston Fiji
> > buddies
> > (house bitch, Tim, Val, etc.). Tell Tim we'll let him bring his new
> > wife
> > with him, too, although that might mean that there could be up to 3
> > Phi
> > Mu's on the trip....quorum could be met, and "the Phi Mu Crew" might
> > be in
> > full effect; God help us.
> >
> > Clint, what about Freret and Dawn (that might make 4 Mu's)?
> >
> > Anyone else we can think of who might be interested in this trip (Jan
> > 10 -
> > 14th)?
> >
> >
> > Ross F. Berthelot
> > Underwriter
> > Commercial Real Estate
> > Ph: (225) 332-4252
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Ken -
Good morning.
As a follow up to the voice mail that I left for you, following are some
background and preparatory notes for a potential phone call today between
Chancellor Reed and yourself. Communications and indications from the UC/CSU
team are that he may call you today as a follow up to your discussion with
him on February 2, 2001. As I mentioned at the Executive Committee meeting
on Tuesday, 2/20/01, all things are moving along well in California with our
clients, PG&E and SCE. The current exception to the "smooth sailing" is
UC/CSU. Tom Riley, the account manager for UC/CSU, has prepared the
following outline of business concerns, sequence of events and suggested
talking points.
Ken, thank you for your assistance and continued participation with this
client.
Regards - Dan
******************************************************************************
*********************
Business Concerns
UC and CSU have business concerns regarding Enron's action to De-DASR their
accounts. They have not communicated their concerns with enough detail that
would allow us to address them, but I have been able to surmise that they
consist of the following:
1. UC/CSU is now a bundled access customer instead of a direct access
customer. AB-1X, recently signed by Gov. Davis, has ban language preventing
large commercial/industrial customers from going Direct Access. Per Jeff
Dasovich of Enron Gov. Affairs, it is not clear, but possible, that if we had
not De-DASRed the accounts, that UC/CSU might have been grandfathered as a
direct access customer. Further, SB-27X (still pending), which is Senator
Bowen's attempt to reverse the ban language of AB-1X, may have a financial
ramification for customers switching to and from Direct Access status.
Dasovich is investigating further.
2. UC and CSU bought approximately 130 meters from Enron as we implemented
the contract. Our action is forcing the utility to remove these
University-owned meters, meaning that their meters will become useless. We
are currently using those meters to provide daily 15 minute interval data as
required in our contract. (Our operations and billing group have come up with
a transition plan that SCE has agreed to. SCE would install dual-sockets
allowing for the installation of the SCE meter, while keeping our meter in
tact, mitigating their concern. At this point, UC and CSU are not listening
to our business solutions so we have not received feedback from them on this
solution).
3. We have a contractual obligation to be the Universities scheduling
coordinator (SC). As a result of our action, we are no longer their SC.
They are concerned this may inhibit our ability to act as their SC for their
recent proposal to the ISO under the Demand Reduction Program.
Sequence of Events
February 1 - I informed the UC/CSU electricity oversight board leaders and
contract administrators of Enron's decision. I walked through the power
point presentation. They expressed no concerns at that point, and even
expressed appreciation we were standing by our contract. I sent the UC and
CSU contract administrators the letter later that day advising them of our
decision.
February 2 - Ken Lay called Chancellor Reed assuring the Chancellor that we
will honor the contract. I have since heard that this call was extremely
well received and that the CSU campus VPs have been advised of the call and
Ken's assurances that were communicated. We offered the call to the UC
President as well, but were channeled to his SVP. By the time I made contact
with the SVPs administrator, we had begun receiving letters (below), so I
backed off on arranging the call.
February 5 - UC and CSU contract administrators inform us they have been
speaking to their regulatory advisor and asked for some clarifications.
Maureen Palmer and I speak to the contract administrators and answer their
questions.
February 8/9 - UC and CSU send letters to their PG&E and SCE account managers
advising them they have concerns regarding Enron's decision, and that they
(PG&E and SCE) should only De-DASR on the Universities' request.
February 12 - I received a letter from the UC/CSU contract administers asking
for clarifications regarding our action, and requesting we re-DASR their
accounts.
February 14 - I responded with a letter providing them with responses to
their clarification questions, but did not offer to re-DASR their accounts as
they had requested.
February 16 - UC informed me they were unhappy we did not comply with their
request to re-DASR and indicated they would be sending another letter. I
suspect this letter will express potential legal recourses.
February 20 - CSU and UC informed they would hold off on the letter pending
outcome of a call between Chancellor Reed and Ken Lay.
Throughout the entire process, I have been asking that the business
administrators meet with us so Enron can hear their concerns. I gather CSU
would like to do this, however, UC is more inclined to write letters and seek
legal remedies.
Suggested Talking Points for Call and Desired Outcome
1. We were faced with a difficult business decision, and made our California
decision with our customers in mind. We have kept our contracts in tact.
Other energy service providers have left the market and their customers.
2. We are an energy outsourcing company. We should source supply from the
"best available" source in the marketplace. We feel we have a contractual
right to have made the decision.
3. Desired outcome is that we want to sit down with the University business
administrators to listen to and address their concerns. We have not been
afforded this opportunity to date though we have offered. However, the
Chancellor needs to understand we are not willing to re-DASR their accounts
in the meantime.
I will be available for the debrief with Ken if desired. I can be reached at
925-543-3703 (office), or 925-548-0326 (mobile) if you have any questions.
Regards, Tom
******************************************************************************
********************* |
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Dear Rick,
Thanks for speaking with me today. Here is the position description for the KWI President of the Americas Opportunity. I feel that this is a tremendous opportunity to be an integral player with a very exciting relatively early stage Applications Software company, in the very exciting and hot Energy Commodities Sector; They are already profitable, pre-IPO. This position has a great compensation package.
Please get back to me if you have an interest or if you know someone who might be intrigued by this opportunity.
Thanks,
Dal Coger
Tsunami Partners
781-395-2981
web site <http://tsunamipartners.tripod.com/>
Position description online at <http://members.tripod.com/tsunamipartners/id45.htm>
KWI
POSITION DESCRIPTION
Position: President/General Manager US Field Operations (Sales, Marketing, and Services)
Reports to: COO
Location: Houston or NYC area or Atlanta
Staff: Subject to growth and business plan for 2002
Travel: 50%
Compensation: Competitive Base, Bonus and Stock Options
Website: www.KWI.com
Note: This is a significant pre-IPO opportunity.
THE COMPANY
KWI is a global company specializing in trading and risk management technology for energy enterprises. We provide trading and risk management platform and with more the 60 clients worldwide including PacificCorp, Tennessee Valley Authority, Bonneville Power Authority, and Cinergy.
Elsewhere, our software is used by some of the world's best-known companies across Europe, Scandinavia, North America and Asia. We have grown up with deregulation and all our software development has been developed specifically for the energy industry.
The result is KW3000?, which is being used by over 60 energy companies worldwide and is unquestionably the International standard for energy trading and risk management. KW3000? is a totally integrated, modular front-to-back office system offering a wide range of real-time risk indicators. It is the definitive trading and risk management system for any enterprise trading with physical power assets. Over two billion MWh are managed using the software.
KWI company's global headquarters and development center are in West London. The US headquarters are in Houston, with regional offices in San Francisco and Boise.
THE POSITION
The President US Field Operations is a new position that is essential to ensure the rapid growth of KWI's Sales/Operations to achieve its objectives. The President will be responsible for bringing the complete KWI solution to North American customers including product licenses, professional services, and strategic partnerships. The President will create and implement a U.S. Business Plan and model for 2002. And will be responsible for P&L of the U.S. Group including all pricing, and coordination with development on custom software opportunities.
The position unites all the Field Operations actions together with the world wide corporate business plan:
1. Sales - Building and management of the US Sales organization via planning,
recruitment, training and leadership. Team player and closer with the VP U.S. Sales. Assist in major U.S. Sales. Spearhead U.S. strategic alliances and partnerships. Sales Management, Human Resources, Administration, Compensation (Base & Bonus Plan), Project Management will be key elements of responsibilities.
2. Strategic Alliances: Develop and maintain alliances and partnerships with key consulting, solution and technology companies. Key focus of these partnerships is the North American market, but many of these activities will be global in scope.
3. Professional Services: Whether in Pre-Sales, Post Sales, Tech Support, Help Desk, or Maintenance, the emphasis will be on quality services to the client to solving his problems, to training the organization to properly use the software in an optimum way as well as Service Income (systems integration, implementation, or consulting.)
Tactical Marketing & US Corporate Marketing
This includes all the key marketing activities involving direct support of sales activities. Lead generation, trade shows, sales promotions, advertising, public relations, product brochures, leave behinds, seminars, etc. These activities to be accomplished via in-house staff and external staff of free lance consultants.
Will also include US Corporate Marketing Goals and Objectives. This relates to positioning, market image, analyst meetings and presentations, financial presentations, and competitive analysis.
Product Management
Based on "real world" field experiences during Sales, Business Development and Professional Services activities with clients, the President/GM will be instrumental in determining new products and new releases for the UK based Software Development Group.
Management Skills/Finance & Legal
The President will "partner" with the Corporate Management on all day-to-day operating responsibilities.
Together they will execute the visions of the company into reality.
Will be a key player in determining the budget and sales planning (P&L) of the company for Sales and Services
Monitor and control all sales reports, professional service reports to achieve P&L objectives. Take corrective action where required. Monitor all data reports on the Field Operations.
As part of the Executive Committee will participate in all decisions re: policy and direction i.e.: Development/Finance/Strategic Marketing, Human Resources, etc
Via a US Controller - will plan and manage the US Budget for expenses and payroll.
PERSONAL REQUIREMENTS
Must be a hands-on self starter
Must be a team player, team leader and team coach
Strong tactical marketing skills/understanding
Telecommunications or utilities work experience within software applications
Understanding of systems integration and professional services
Creative and innovative; high work ethic
Strong executive level experience in building and managing a software sales organization and to lead by example by closing deals
Experience in a fast-growth environment.
Proven ability to hire and retain talented people
Ability to create a sense of urgency for the over-achievement of plan revenue targets. Positive attitude.
Minimum Bachelor's degree. Graduate degree in Business highly desirable.
Positive attitude. Sense of urgency. Customer driven and aware; solid customer skills.
Strong oral and written communications skills.
Note: Understanding and experience in Risk and Energy Trading would be very beneficial.
Dal Coger
Tsunami Partners
Executive Search & Selection
Ph # 781-395-2981
Ph # 781-874-0527
Cell 781-718-8397
Fax 781-395-2719
web site <http://tsunamipartners.tripod.com/> |
The Houston community is well known for assisting neighbors in need, and Enron is no exception. There are numerous opportunities over the next week to help rebuild our community in the aftermath of Tropical Storm Allison.
Four Enron sponsored activities will take place during business hours this week. Enron is also holding a donation drive and a blood drive. There are many agencies that need volunteers at different times throughout the week, and we have listed these opportunities, as well. If you are interested in helping out these groups, please call the individual contact phone number listed for each project.
Thank you for volunteering your time to help the Houston community during this time of great need. Please feel free to send this information to other friends and family who may be interested.
Enron Sponsored Volunteer Opportunities
Please call or e-mail Jennifer Milligan at 713-853-5272 if you have questions or want to sign up for one of these projects.
1. Prepare lunches for families in need
Join Enron in partnership with Prudential to pack lunches for families in the Fifth Ward.
Bring one or more of the items below (in bulk) to the table on the Plaza Java side of the Enron Building lobby on June 12 or June 13th.
Designated Donation Items for lunch bags:
? Vienna sausages or Starkist tuna Salad Pack.
? Peanut butter or cheese cracker pack.
? 100% juice drink.
? Canned diced fruit or flavored applesauce.
? Non-refrigerated pudding cup made with skimmed milk.
? Plastic spoon.
? Napkin.
Volunteers are needed for packing/assembly in the Energizer from 9:00 a.m. to 11:00 a.m. on Wednesday, June 13. Our goal is to fill 3000 lunch bags. Call Jennifer Milligan, or just drop by the Energizer, to help stuff bags.
2. Scheduled for Wednesday, June 13:
Bealle Village, a Neighborhood Services program, is a 20 unit senior living apartment complex. They are also in need of volunteers to assist in cleaning, pulling carpets, etc. The Enron Shuttle will depart for this project at 1:15 p.m on Wednesday from Andrews St., and will return at 4:00 p.m. Call Jennifer Milligan to sign up.
3. Scheduled for Thursday, June 14:
Familytime Foundation has a shelter for battered women and their children. This shelter was flooded and they are in need of volunteers to assist with cleaning, disinfecting, and pulling carpets. This facility is in the Humble area and transportation will also be provided. The Enron Shuttle will depart for this project at 9 a.m. on Thursday from Andrews St., and will return at 1 p.m. Lunch will be provided. Call Jennifer Milligan to sign up.
4. Scheduled for Friday, June 15:
Help Second Baptist Church assist with the repair of damaged homes in northeast Houston. Volunteers are needed to help pull out flooded appliances and furniture and work on repair/replacement projects. The Enron Shuttle will transport two shifts of volunteers on Friday - from 9 a.m. to 1 p.m. or 12:30 p.m. to 4:30 p.m. Lunch will be provided for those participating in the morning shift. Please call Jennifer Milligan to sign up.
** The three projects listed above are in need of cleaning products such as buckets, mops, brooms, towels, rags, paper towels, and any household cleaners. Please bring any of these products to the volunteer project or deliver them to EB 1636A. Additionally, make sure to wear jeans and Enron Envolved t-shirts. We will provide Enron Envolved T-shirts for those of you who do not already have one.**
Donations Needed for Agencies Across the City
Please drop off donations at the Info Zone on the Plaza Java side of the Enron Building lobby from 11 a.m. - 2 p.m., Wednesday, June 13 through Friday, June 15.
Items needed:
toiletries
paper products
blankets
pillows
non-perishable food
pet food
formula
diapers
cribs
bedding (baby and adult)
bug repellant
clothing: socks, undergarments, large size shoes
cleaning supplies
Blood Drive
MD Anderson's mobile blood unit will be parked on Andrews St. in front of the Enron Building on Thursday, June 14 from 10 a.m. to 3 p.m.
The mobile unit team will take three donors every 15 minutes during the drive. Walk-in donors will be accepted, but appointments are preferred. Please call or e-mail Georgia Fogo (x. 3-5609) to schedule an appointment.
Citywide Volunteer Opportunities
Sign-up information and contact numbers are listed for each individual project. Many of these can use volunteers this weekend, as well as throughout the week.
San Jacinto Baptist Church, corner of Flint and Muscatang (off of I-10 East, exit Mercury - stay on the feeder road and turn right on Flint): Volunteers are needed to help run the shelter from 5 p.m. to 5 a.m. - tough hours to fill! Please call Heather Hughes at Second Baptist Church to get more information - 713-465-3408.
Associated Catholic Charities, 2900 Louisiana: Ten apartments in the Serenity House Program were flooded. These apartments, used by out-of-town patients being treated at M.D. Anderson Cancer Center, need to be repaired. Anyone able to help clean the apartments this week should call Nydia Cortez at 713-305-3411.
Salvation Army, 27732 Cherrybrook Lane, Pasadena: This office needs volunteers who can process clients or work in the kitchen. They also need donations of toiletries, paper products, blankets, pillows, food and diapers. Call 713-378-0020 or just show up to help.
Houston Humane Society, 14799 Almeda: Volunteers are also needed to help repair the permanent shelter. Contact Christy Check at 713-433-6421 or [email protected]
Bridge Over Troubled Waters, Pasadena: This shelter for women and children has had significant roof and water damage. Volunteers are needed to help with repairs. Call 713-472-0753.
Jewish Community Center and Interfaith Ministries of Greater Houston: Need assistance delivering Meals on Wheels. For more information, call Interfaith Ministries at 713-522-3955 and the JCC at 713-729-3200.
American Red Cross: Bilingual volunteers in Spanish needed to answer the Hotline from 7 a.m. to 3 p.m. or 3 p.m. to 10 p.m. Volunteers must be able to commit to full shift. Contact Ercel Albert. 713-526-9720
Salvation Army: Volunteers are needed immediately to help set up the warehouse, sort and arrange donated items. All volunteers should contact Jan Porter, Volunteer Coordinator. 713-752-0677, Ext. 316
AVDA (Aid to Victims of Domestic Abuse): volunteers needed to move storage file boxes and go through 100 - 200 boxes to spread out for drying. Contact Jennifer Holmes. 713-224-9911
Chicano Family Center on Wayside: volunteers needed to help clean outside their building. Call 713-926-2601.
Houston Food Bank: Volunteers are needed to help sort food for the American Red Cross and Salvation Army Food Shelters. Call Carol Gooden at 713-547-8609. |
----- Forwarded by Miyung Buster/ENRON_DEVELOPMENT on 09/29/2000 04:33 PM
-----
[email protected]
09/27/2000 01:38 AM
Please respond to nobody
To: [email protected]
cc:
Subject: Electric Restructuring: Two Utilities In California Suffer Under
Deregulation --- Wholesale ...
The Wall Street Journal Europe
Two Utilities In California Suffer Under Deregulation --- Wholesale Power
Costs Them More Than They Can Charge
By Rebecca Smith
?
09/27/2000
The Wall Street Journal Europe
8
(Copyright (c) 2000, Dow Jones&Company, Inc.)
California's two biggest utilities are losing so much money buying
electricity in the state's deregulated market that they've run up deficits
equivalent to half their net worth in just four months.
If the cost of wholesale power continues to exceed the price utilities are
allowed to bill their customers, it's conceivable they could become
technically insolvent sometime next year, putting pressure on regulators to
orchestrate a multibillion-dollar public bailout.
Such a scenario is quietly being discussed by bond rating agencies that
recently reduced their credit outlooks for Pacific Gas and Electric Co., a
unit of San Francisco-based PGOCorp., and Southern California Edison, a unit
of Edison International of Rosemead, California. Bond rating agencies say
they're not sure how much additional debt can be borne by the two affected
utilities before they'll have difficulty paying their bills.
"If this is just a seasonal aberration, the utilities can get through it,"
says Lori Woodland, analyst for Fitch IBCA "If it goes on for six or nine
months, it's a very serious situation."
A.J. Sabatelle, senior credit officer at Moody's Investors Service, said, "At
some point, you have a financial crisis."
The utilities say they're having no difficulty meeting expenses and don't
envision problems in servicing their debts. But they're vigorously lobbying
state and federal regulators to change the rules of the game, hoping to
somehow charge their customers for the shortfall. As such, California's
experience may be a harbinger of what could happen in other states where
wholesale power prices have surpassed the amount utilities are allowed to
charge their rate payers.
Today's situation represents a complete turnabout from what was expected when
California deregulated its energy market on March 31, 1998. California tried
to give its utilities a competitive edge nationally by deregulating faster
than other states and by creating a mechanism to allow investor-owned
utilities, like PGOand Edison, to quickly pay down debts incurred to serve
customers under the old regulatory system.
To do this, the state legislature set rates at high levels, which, at first
generated fat surpluses. As the money piled up, utilities used it to pay down
debts for generation facilities that looked like they would be unprofitable
in the new deregulated world. By the end of June, PGO and Edison together had
collected more than $12 billion (13.75 billion euros) and were on track to
finish paying down debts well ahead of the March 31, 2002, deadline set by
the legislature. At that point, rate freezes were to end and retail prices
were to fluctuate with the market.
But all that went out the window in June when wholesale power prices surged.
Average prices at state-sanctioned energy markets were four to five times the
prices a year earlier and three to four times the level utilities could
charge customers.
The cash-burn rate has been so enormous at PG&E, which serves one in 20
Americans, that analysts expect its undercollection to exceed $3 billion --
half its shareholder equity of $5.7 billion -- by the end of October.
Southern California Edison finished August with a deficit of $2 billion,
equivalent to two-thirds of its net worth of $3.2 billion.
That leaves utilities in a bind. They want to end the rate freeze to be able
to pass on the real cost of electricity to consumers. But as soon as the
freeze ends, they get clobbered. That's because they'll immediately have to
book a loss on their power-purchase deficits. What's more, they can't use the
proceeds from power plant sales to cover those losses; instead, with the
freeze ending, they'll be obliged to refund that money to ratepayers. In
PG&E's case, the refunds could total $500 million, while in Edison's case,
the amount is $254 million.
Publicly at least, utility executives insist that a mechanism will be found
to let them recoup the money spent on electricity. But that assumes
politicians will be willing to change a law that protects ratepayers from
this expense.
Consumer advocates are gearing up for the fight. Nettie Hoge, executive
director for San Francisco consumer group the Utility Reform Network, says
ratepayers shouldn't end up footing the bill for a deal cut by utilities that
benefited them before prices shot up. "Our heart bleeds for the utilities,
but they have more power to get the wholesale market fixed than we do," she
says.
Utility executives are now distancing themselves from the legislation that
got them into such a mess, which was drafted with their assistance.
PGOChairman Robert Glynn says it's best not to "overanalyze" the "old deal."
Instead, he says, regulators and legislators should sit down with utilities
and construct a new agreement as "it's in the broad interests of the state
not to have critical energy infrastructure look like a leper."
Mr. Glynn says the current deal offers "mutually assured destruction" to both
utilities and ratepayers. Something must be done, he says, or consumers
throughout most of the state will experience "a San Diego-style rate shock."
The utility serving that city, San Diego Gas and Electric Co., ended its
freeze a year ago and began passing wholesale power costs directly through to
ratepayers. Legislators intervened this summer, however, and temporarily
capped retail rates when monthly power bills nearly tripled. As a result, San
Diego Gas and Electric, a unit of Sempra Energy, also is accumulating a
deficit.
Folder Name: Electric Restructuring
Relevance Score on Scale of 100: 47
______________________________________________________________________
To review or revise your folder, visit Dow Jones CustomClipsor contact Dow
Jones Customer Service by e-mail at [email protected] by phone
at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact
your local sales representative.)
______________________________________________________________________
Copyright (c) 2000 Dow Jones &Company, Inc. All Rights Reserved |
FYI
----- Forwarded by Barton Clark/HOU/ECT on 09/12/2000 10:06 AM -----
"Silvers, Bruce C." <[email protected]>
08/29/2000 08:39 AM
To: "'Barton Clark'" <[email protected]>, Heather Kroll
<[email protected]>
cc: "Pasqualini, Martin J." <[email protected]>, "Politan, Nicholas H."
<[email protected]>
Subject: RE: Presentation
Given the time constraint, I thought I'd give you a brief summary of the law
here in Connecticut and some thoughts on how to proceed.
The Connecticut courts and the Freedom of Information Commission (the
"FOIC"), the agency charged with the enforcement of FOIA, have repeatedly
held that CRRA, CDA and DECD are public agencies within the purview of FOIA
(I have not had time to consider whether the same is true for DEP, CPUC and
the other attendees, but suspect that it is so with respect to certain of
them). FOIA provides, among other things, that all documents obtained or
kept by a public agency are public records available to the public, unless
otherwise exempted from disclosure by special statute or by the exemptions
delineated by FOIA.
While there is no special statute with regard to CRRA, a special statute,
Conn. Gen. Stat. Section 32-11a(k), exempts certain materials and
information submitted to DECD and to CDA from public disclosure. Section
32-11a(k) states that all information contained in any application for
financial assistance submitted to DECD or CDA, and all information obtained
by the DECD or CDA with respect to any person or project is exempt from
disclosure under the FOIA. The statute specifies that this exemption
includes all financial, credit and proprietary information. I have not had
time to consider whether there are special statutory exemptions provided for
similar information submitted to the other attendees.
Consequently, FOIA governs the confidentiality of all information submitted
to CRRA and, perhaps, certain of the other attendees and the confidentiality
of information submitted to DECD and CDA falling outside Section 32-11a(k)'s
exemption.
As may be pertinent in these circumstances, FOIA exempts from disclosure:
(1) preliminary drafts under certain circumstances, (2) trade secrets and
commercial or financial information given in confidence, and that is not
required by statute to be disclosed to an agency, (3) real estate
appraisals, engineering or feasiblity estimates or evaluations for an agency
relative to the acquisition of property or to prospective public supply and
construction contracts, but only until such time as the property is acquired
or the transaction abandoned, (4) tax returns, reports and statements
exempted by federal law or state statutes, and (5) communications privileged
by the attorney-client relationship.
While the Connecticut courts and FOIC have held that the confidentiality of
information submitted to agencies subject to FOIA is determined by
applicable law rather that the representations or agreements of the parties,
they have suggested that measures designed to preserve confidentiality may
be considered in making that determination.
While your notice cites a May 19, 2000 Agreement of Confidentiality
previously executed by CRRA and Enron (which I have not seen), obviously
that will not be binding upon any attendees not a party to it and, while it
would be better to have the other attendees execute a written agreement
regarding confidentiality, I understand that that may not be practical given
the timing and the number of parties involved.
Accordingly, I recommend that the following other steps be employed with
respect to confidential information submitted to the attendees:
1. All documents and information submitted to the attendees should be
marked "Preliminary Draft".
2. In the fourth paragraph of your notice, change clause (1) to read "the
Subject Information is being provided to it in confidence, contains trade
secrets and/or confidential commercial, financial and proprietary
information and other information exempt from disclosure under certain laws
of the State of Connecticut, and it will maintain the confidentiality of the
Subject Information".
3. You should take steps, internally, to ensure the confidentiality of the
information you submit to the agencies. Appropriate measures would include:
(a) limiting access to confidential information to a "need to know" basis,
(b) entering into confidentiality agreements with others involved in the
project with respect to their studies, analyses, etc., for the project, (c)
advising your personnel (secretarial, etc.), in writing, that the
information is confidential and of the need to maintain such information in
confidence, and (d) maintaining confidential information in locked or
otherwise private files.
5. A request should be made by you to the agencies that confidential
information be discussed by the agencies in executive session.
If we take these measures with regard to information supplied to the
agencies, we will enhance the likelihood of maintaining the confidentiality
of the information in response to a public request for disclosure of the
information pursuant to the FOIA. Should you wish to discuss this matter in
more detail, please do not hesitate to call me at (860) 240-2943.
-----Original Message-----
From: Barton Clark [mailto:[email protected]]
Sent: Monday, August 28, 2000 4:07 PM
To: Heather Kroll
Cc: [email protected]
Subject: Presentation
I suggest adding the attached in as the first page of text in the
presentation
materials and call the attendee's attention to it at the commencement of the
presentation. If there is a problem with its length, I would suggest
deleting
the laundry list of attendees in the first paragraph and the third paragraph
only. Also, I did not have time to check with Conn counsel on the procedures
for
public disclosure in Conn alluded to generally in the fourth paragraph, but
by
copy hereof am requesting they review the language of the Notice and give us
any
comments. When do the materials have to be distributed?
(See attached file: Notice to Recipients of Presentation Materials.doc) |
COLUMBIA GAS TRANSMISSION CORPORATION
NOTICE TO ALL INTERESTED PARTIES
OCTOBER 25, 2001
Notice ID: 3206
5 - NO RESPONSE REQUIRED
SUBJECT: CAPACITY UPDATE EFFECTIVE FOR FRIDAY, OCTOBER 26, 2001
CHANGES ARE INDICATED WITH AN *
Effective Friday, October 26, 2001, capacities will be as follows:
Excess MDWQ Available +
ISS Withdrawals Available
SIT Withdrawals Available
Imbalance Drawdowns Available
Excess MDIQ NOT Available +
ISS Injections NOT Available
SIT Injections NOT Available
Imbalance Paybacks NOT Available
PAL Lends/Unparks Available
PAL Parks/Loan Paybacks NOT Available
+ Call Gas Control 24 hours in advance at (304) 357-2606 to request approval.
Non-firm receipt capacity will be as follows:
TENNESSEE:
Brinker (B12) 20,000
Broad Run (B9) 300,000
Cambridge (B10) 20,000
Dungannon (B11) 20,000
Highland (B17) 0 *
NOTE: GAS RECEIVED AT HIGHLAND MUST BE DELIVERED IN THE NORTHERN PORTION OF
MARKET AREA 38 OR THE NORTHWEST LATERAL OF MARKET AREA 36, DIRECTLY NORTH OF
HIGHLAND.
Milford (B18) 20,000
North Greenwood (B22) 0
Unionville (B15) 50,000
NOTE: EFFECTIVE THURSDAY, AUGUST 16, 2001, ANY SHIPPER UTILIZING A CONTRACT
THAT HAS A PRIMARY RECEIPT POINT(S) WITH THE FOLLOWING POINTS, MUST UTILIZE
THESE POINTS:
Brinker (B12)
Cambridge (B10)
Dungannon (B11)
Highland (B17)
Milford (B18)
Unionville (B15)
TEXAS EASTERN:
Delmont (C16) 0
Eagle (C22) 20,000
Hooker (C9) 20,000
Pennsburg (C23) 20,000
Windridge (C12) 20,000
NATIONAL FUEL:
Independence (M1) 0
Ellwood City (L1) 15,000
TRANSCO:
Downingtown (E3) 2,500
Emporia I (E13) 60,000
Rockville (E2) 0
Dranesville (E1) 0
EQUITABLE GAS: *
Hi Hat (F3) 0 *
KENTUCKY WEST VIRGINIA (KYWV): *
Beaver Creek (H1) 0 *
CNR PIPELINE: *
Boldman (CNR02) 0 *
Conoway (CNR03) 0 *
Johns Creek (CNR08) 0 *
Canada (CNR09) 0 *
Canada (CNR10) 0 *
Stafford (CNR11) 0 *
Thacker/Majestic (CNR12) 0 *
Briar Mtn. (CNR13) 0 *
Huff Creek (CNR14) 0 *
CONOCO: 0 *
Grant (P1) 0 *
NOTE: ANY APPALACHIAN PRODUCTION FLOWING DIRECTLY INTO COLUMBIA'S LINE KA
BETWEEN COLUMBIA'S BOLDMAN COMPRESSOR STATION AND COLUMBIA'S HUFF CREEK
COMPRESSOR STATION AS WELL AS PRODUCTION FLOWING INTO COLUMBIA'S LINES SM-116,
KA-15, PM-3, AND PM-17 IS 0 NON-FIRM. *
ALGONQUIN:
Ramapo (R1) 75,000
ANR:
Paulding/Cecil 30,000
(F1, A2)
LEBANON AGGREGATE 100,000
(A4, F2, C4, D3)
TOLEDO AGGREGATE 100,000
(A3, F4, 734462)
COLUMBIA GULF:
(801)
TCO-Leach 700,000
Internal point non-firm capacity will be as follows:
Lanham 0 *
Delivery capacity (non-firm) will be as follows:
TRANSCO:
Martins Creek 10,000
(MLI E5)
Young Woman's Creek 10,000
(MLI E9)
ALGONQUIN:
Hanover 0
(MLI R2)
EQUITRANS:
Fallen Timber 31,000
(MLI K1)
Waynesburg-Rhinehart 20,000
(MLI K2)
OPT-30 will be available in all market areas.
OPT-60 will be available in all market areas.
Market Area delivery capacity (non-firm) will be as follows:
Operating Area 1
Market Area 33 No Restrictions
Market Area 34 No Restrictions
Operating Area 2
Market Area 20 No Restrictions
Operating Area 3
Market Area 15 No Restrictions
Market Area 16 No Restrictions
Market Area 17 No Restrictions
Market Area 18 No Restrictions
Market Area 19 No Restrictions
Operating Area 4
Market Area 21 No Restrictions
Market Area 22 No Restrictions
Market Area 23 No Restrictions
Market Area 24 No Restrictions
Market Area 25 No Restrictions
Market Area 29 No Restrictions
Operating Area 5
Market Area 02 No Restrictions
Market Area 07 No Restrictions
Operating Area 6
Market Area 10 No Restrictions
Market Area 11 No Restrictions
Market Area 12 No Restrictions
Market Area 13 No Restrictions
Market Area 14 No Restrictions
Operating Area 7
Market Area 01 No Restrictions
Market Area 03 No Restrictions
Market Area 04 No Restrictions
Market Area 05 No Restrictions
Market Area 06 No Restrictions
Market Area 08 No Restrictions
Market Area 09 No Restrictions
Operating Area 8
Market Area 26 No Restrictions
Market Area 27 No Restrictions
Market Area 32 No Restrictions
Market Area 35 No Restrictions
Market Area 36 0 * Primary Receipts/Deliveries Only *
Market Area 38 No Restrictions
Market Area 39 No Restrictions
Market Area 40 No Restrictions
NOTE: GAS DELIVERED IN THE NORTHERN PORTION OF MARKET AREA 38 OR THE NORTHERN
PORTION OF MARKET AREA 36 MUST BE RECEIVED FROM TENNESSEE GAS PIPELINE AT
HIGHLAND.
Operating Area 10
Market Area 28 No Restrictions
Market Area 30 No Restrictions
Market Area 31 No Restrictions
If you have any questions, please contact your Account
Representative. |
Hey everybody. Enjoy!
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Date: 23 Apr 2001 13:39:53 -0600
Message-ID: <[email protected]>
From: "Chris Maley" <[email protected]>
Sender: "Chris Maley" <[email protected]>
To: "ann fisher" <[email protected]>, "bill maley"
<[email protected]>, "brian jacobson" <[email protected]>,
"chuck stiebling" <[email protected]>, "sasha ali" <[email protected]>,
"merlin" <[email protected]>, "kate maley" <[email protected]>
Subject: Fwd: something groovy to do...
X-Mailer: QuickMail Pro 2.0.4 (Mac)
X-Priority: 3
MIME-Version: 1.0
Reply-To: Chris Maley <[email protected]>
Content-Type: text/plain; charset="US-Ascii"
X-Mozilla-Status2: 00000000
>
>
> > - The Dalai Lama said read it to see if it works for you.
> >
> > PERSONALITY TEST.
> >
> > Very interesting. Just 4 questions and the answers will surprise you....
> >
> > Do not cheat by looking up the answers. The mind is like a parachute
>works
> >
> > best when it is opened.
> >
> > This is fun to do, but you have to follow the instructions very closely.
> > Do
> > not cheat.
> >
> >
> >
> >
> >
> > MAKE A WISH BEFORE BEGINNING THE TEST!!
> >
> >
> >
> > A Warning! Answer the questions as you go along..
> >
> >
> >
> > There are only four questions and if you see them all before finishing
>you
> >
> > will not have honest results.
> >
> > Go down slowly and do each exercise as you scroll down. Don't look
>ahead.
> > Get pencil and paper to write your answers as you go along. You will
>need
> > it
> > at the end. This is an honest questionnaire, which will tell you a lot
> > about
> > your true self..
> >
> >
> >
> >
> >
> >
> >
> > Put the following 5 animals in the order of your preference.
> >
> > a. Cow
> >
> > b. Tiger
> >
> > c. Sheep
> >
> > d. Horse
> >
> > e. Pig
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Write one word that describes each one of the following:
> >
> > Dog
> >
> > Cat
> >
> > Rat
> >
> > Coffee
> >
> > Sea
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Think of someone (who also knows you and is important to you) that you
>can
> >
> > relate them to the following colors.
> >
> > (Please do not repeat your answer twice. Name just one person for each
> > color.)
> >
> > Yellow
> >
> > Orange
> >
> > Red
> >
> > White
> >
> > Green
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Finally, write down your favorite number and your favorite day of the
> > week.
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Finished? Please be sure that your answers are what you REALLY WANT.
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Look at the interpretations below: (but first before continuing, repeat
> > your
> > wish.)
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > This will define your priorities in your life.
> >
> > Cow signifies CAREER
> >
> > Tiger Signifies PRIDE
> >
> > Sheep Signifies LOVE
> >
> > Horse Signifies FAMILY
> >
> > Pig Signifies MONEY
> >
> >
> >
> > Your description of dog implies YOUR OWN PERSONALITY.
> >
> > Your description of cat implies the personality of your partner.
> >
> > Your description of rat implies the personality of your enemies.
> >
> > Your description of coffee is how you interpret SEX.
> >
> > Your description of the Sea implies your own life.
> >
> >
> >
> >
> >
> > Yellow: Someone you will never forget
> >
> > Orange: Someone you consider your true friend.
> >
> > Red: Someone that you really love
> >
> > White: Your twin soul
> >
> > Green: Someone that you will remember for the rest of your life.
> >
> >
> >
> >
> >
> >
> >
> > You have to send this message to as many persons as your favorite number
> > and your wish will come true on the day that you put. This is what the
> > Dalai
> > Lama has said about the Millennium -- just take a few seconds to read it
> > and
> > think.
> >
> > Do not put away this message, the mantra will come out from your hands
>in
> > the next 96 hours.
> >
> > You will have a very pleasant surprise. This is true, even if you are
>not
> > superstitious.
> >
> >
> >
> > Please do this. It is fascinating.
> >
> > SEND THIS E-MAIL MANTRA TO AT LEAST FIVE PERSONS AND YOUR LIFE WILL
> > IMPROVE
> >
> > 0-4 persons: Your life will improve slightly.
> >
> > 5-9 persons: Your life will improve to your liking.
> >
> > 9-14 persons: You will have at least 5 surprises in the next three weeks
> >
> > 15 or more persons: Your life will improve drastically and all that you
> > have always dreamed will take shape.
> >
> > If at any time you do not receive the smile you were expecting, be
> > generous
> > and give that person a smile.
> >
> > Because nobody has as much necessity of a smile than the person that
>does
> >
> > not know how to smile at others.
> >
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com |
I have created guidelines on how to do this. If you need to use them please feel free to come by my office or if you need some help I would be glad to help anyone who needs some.
Randy J.
-----Original Message-----
From: Buchanan, John
Sent: Thursday, November 08, 2001 9:27 AM
To: Berger, Larry; Bodnar, Michael; Kowalke, Terry; Schoolcraft, Darrell; Spraggins, Gary; Zadow, Raetta; Adams, Jean; Barry, Patrick; Benningfield, Robert; Blair, Jean; Bryan, Randy; Callans, Nancy; Carr, James; Clapper, Karen; Forbish, Sherry; Greaney, Chris; Hibbard, Scott; Janzen, Randy; Linhart, Joe; McDaniel, Janet; Perry, Renee; Porter, Diana; Scurlock, Debra; Sturr, Kathy; Vaughan, Cara; Walden, Shirley; Washington, Kathy; Wilkens, Jerry; Woodson, Harry
Cc: Blair, Lynn
Subject: FW: Marketing Dashboard Access
Lynn wants all the Customer Service Reps. to have access to the Dashboard. I cant send a single request for the teams so please follow the below instructions to request access to the Dashboard.
-----Original Message-----
From: McCary, Sandy
Sent: Wednesday, November 07, 2001 6:33 PM
To: Buchanan, John; Janousek, Martha
Cc: Blair, Lynn; Kowalke, Terry
Subject: RE: Marketing Dashboard Access
Please use e-Request ( <http://itcentral.enron.com/data/home/> ) to obtain access to the ETS Marketing Dashboard. Once logged in, do the following
Click on Update Account Access
Choose Applications
Region: ETS
Application: ETS Dashboard
Each individual desiring access to the Dashboard should submit an e-Request. If you have any questions, please give me a call.
Thanks,
Sandy McCary
Enron Transportation Services - IT
713 853-5996
-----Original Message-----
From: Buchanan, John
Sent: Wed 11/7/2001 3:52 PM
To: Janousek, Martha; McCary, Sandy
Cc: Blair, Lynn; Kowalke, Terry
Subject: RE: Marketing Dashboard Access
Sandy, there around 48 persons that Lynn wants access to the Dashboard please let me know what I can do to facilitate the process.
Thanks: John Buchanan
-----Original Message-----
From: Janousek, Martha
Sent: Wednesday, November 07, 2001 3:19 PM
To: Buchanan, John; McCary, Sandy
Cc: Barker, Courtney; Mason, Robert; Blair, Lynn; Kowalke, Terry; Ferguson, Mark
Subject: RE: Marketing Dashboard Access
John - Sandy McCary is the 'IT Head Honcho' of the Dashboard and she can take good care of you ... (smile) ....
Sandy - Please assist John Buchanan in setting up the list of Market Services' people with access to the Dashboard. Thanks so much! Martha
-----Original Message-----
From: Buchanan, John
Sent: Wednesday, November 07, 2001 8:43 AM
To: Blair, Lynn; Janousek, Martha; Kowalke, Terry
Cc: Barker, Courtney; Mason, Robert
Subject: RE: Marketing Dashboard Access
Martha, I am back in the office so can you please let me know what you need to set the below mentioned person up for the Dashboard. I also had access at one time and can no longer access the Dashboard.
John Buchanan
-----Original Message-----
From: Blair, Lynn
Sent: Tuesday, November 06, 2001 6:43 AM
To: Janousek, Martha; Buchanan, John; Kowalke, Terry
Cc: Barker, Courtney; Mason, Robert
Subject: RE: Marketing Dashboard Access
Martha, I would rather give the teams access to the Dashboard. John Buchanan will be back
in the office Wednesday. You can coordinate with him and Terry Kowalke to get everyone
set up. Thanks. Lynn
-----Original Message-----
From: Janousek, Martha
Sent: Monday, November 05, 2001 6:10 PM
To: Blair, Lynn
Cc: Barker, Courtney; Mason, Robert
Subject: RE: Marketing Dashboard Access
Lynn - Below is a list of people that Courtney Barker(in Marketing) sends a couple of reports on daily index prices to every month. Courtney is now posting these reports on the Marketing Dashboard. Would you like to give your employees below access to the Dashboard or does Courtney need to continue sending the reports via E:Mail? Please advise us and we will be glad to follow through. Thanks so much! Martha
-----Original Message-----
From: Barker, Courtney
Sent: Monday, November 05, 2001 11:19 AM
To: Janousek, Martha
Subject: RE: Marketing Dashboard Access
Yes, I am referring to the people in Market Services, here is a list of who I am sending it to:
Jean Adams
Robert Benningfield
Sherry Forbish
Chris Greaney
Scott Hibbard
Randy Janzen
Terry Kowalke
Joe Linhart
Janet McDaniel
Debra Scurlock
Kathy Sturr
Harry Woodson
They all appear to be some form of Market Service Reps.
Just let me know!
Thanks,
Courtney
-----Original Message-----
From: Janousek, Martha
Sent: Monday, November 05, 2001 11:13 AM
To: Barker, Courtney
Cc: Brennan, Lorna; McCary, Sandy; Mason, Robert
Subject: RE: Marketing Dashboard Access
Courtney - Clarification on .... (They have indicated to me that they do not have access to the dashboard. Do we need to get them access to the dashboard or should I continue e-mailing them the report at the end of each month?) Are you referring to people in Market Services and if so, what level are they? Martha
-----Original Message-----
From: Barker, Courtney
Sent: Monday, November 05, 2001 10:39 AM
To: Janousek, Martha
Cc: Brennan, Lorna; McCary, Sandy; Mason, Robert
Subject: Marketing Dashboard Access
Martha,
As you know, Sandy McCary assisted me in getting my daily spot file report and MIP reports posted to the Marketing Dashboard. At the end of the month, I send the MIP files to about 12 people in Marketing Services. I am no longer e-mailing the report to people in Marketing, since most are using the dashboard.
They have indicated to me that they do not have access to the dashboard. Do we need to get them access to the dashboard or should I continue e-mailing them the report at the end of each month?
Thanks,
Courtney Barker
(402) 398-7130 |
-----Original Message-----
From: Brett Lawler [mailto:[email protected]]
Sent: Sunday, October 14, 2001 1:08 PM
To: [email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected]
Subject: Fwd: Tom Clancy's Response
Tom Clancy is cool.
:)
>
>For Tom Clancy, the world's highest-paid fiction writer - whose
>thrillers have sold 60 million copies and been turned into
>blockbuster movies - the events of Tuesday hold a special poignancy.
>In his best selling novel Debt Of Honor in 1994, he created a
>scenario chillingly similar to the attacks; a Japanese pilot crashes
>a 747 jet into the US Capitol buildings, killing the President and
>most of his Cabinet. Here, Clancy explains why the mood of his
>nation is now turning to revenge.
>
>***************
>
>It was a friend of mine formerly of the Royal Navy who first pointed
>out that the casualty count on this incident exceeds that of Pearl
>Harbor. Yes, my country has taken a big and costly hit, and
>somewhere, perhaps in South Asia, some people are exchanging
>high-fives and having themselves a good laugh.
>
>And maybe they're entitled to it. Like Pearl Harbor, it was a well
>planned and well executed black operation. But, you know, they've
>made the same mistake that Japan made back in 1941. It's remarkable
>to me that America is so hard for some people to understand. We are
>the most open of books, after all. Our values and customs are
>portrayed on TV and movie screens all over the world. Is the
>character of my country so hard to grasp?
>
>Japan figured that they could defeat us not physically, but morally,
>that America was not tough enough to defeat their death-seeking
>warriors, that we would be unwilling to absorb the casualties. (In
>this they were right: we didn't absorb all the casualties they tried
>to inflict - but that was because we killed their samurai much more
>efficiently than they were able to kill our men). An enemy willing
>to die in the performance of his duty can indeed be a formidable
>adversary, but, you see, we've dealt with such people before. They
>die just like everyone else.
>
>Perhaps the American sort of patriotism, like the British sort, just
>isn't bombastic enough for our enemies to notice. We don't parade
>about thumping our chests and proclaiming how tough we are, whereas
>other people like that sort of display. But they don't seem to grasp
>the fact that they do it because they have to - they evidently need
>to prove to themselves how formidable they are.
>
>Instead, our people, like yours, train and practice their craft
>every day, out in the field at places like Fort Bragg, North
>Carolina, and Fort Irwin, California. I've been to both places and
>seen our people and how they train. The difference between a
>civilian or a common ruffian and a soldier, you see, is training.
>
>A professional soldier is as serious about his work as a surgeon is
>about his. Such people are not, in my experience, boastful. If you
>ask what they can do, they will explain it to you, usually in quiet
>tones, because they do not feel the need to prove anything. Off duty
>they are like everyone else, watching football on TV and enjoying a
>quiet beer with their pals. They read books, shop at the local
>supermarkets, and mow the grass at home. They all enjoy a good
>laugh. They make the best of friends. They look physically fit - and
>indeed they are physically fit - because their job requires it, and
>every day they do something tiresome in the field, working at some
>more or less demanding field exercise, again and again and again
>until every aspect of their job is as automatic as zipping one's
>zipper is for us people in civilian life.
>
>But, you know, inside all of these people, such as the 82nd Airborne
>at Fort Bragg, or the 75th Ranger Regiment at Fort Stewart, Georgia,
>there burns a little flame. Not a big one; instead like the pilot
>light in a gas stove. And when you put more gas there, the flame
>gets bigger, enough to cook with. Inside every one of these people
>is something else, something you have to look for - pride. They know
>that they are good at their work, in the event they ever have to do
>it for real. This doesn't happen very often, and indeed they do not
>ordinarily lust to do it because it's a serious, nasty job. The job
>is the taking of life.
>
>Military organizations exist for only one mission: killing people
>and breaking things. This is not something to be undertaken lightly,
>because life is a gift from God, and a lot of these people - kids, really -
>can be found in church on Sunday mornings. But their larger purpose - the
>reason these kids enlist, both in my country and in yours - is to preserve,
>protect, and defend their nations and the citizens who live there. It's not
>an easy job, but someone has to do it, and typically the hardest jobs
>attract the best of us. Mostly they never have to kill anybody, and that's
>okay with them. It's knowing that
>they are able to do something difficult and dangerous that gives
>them their pride.
>
>This purpose, defending their country, is something they don't talk
>much about, but it's always there, and with it comes a quiet, steely look
>in the eyes. Especially when something like this happens. That's
>when their sense of self is insulted, and these are people who do
>not bear insults well. They are protectors, and when those whom they
>are sworn to protect are hurt, then comes the desire - the lust - to
>perform their mission. Even then it's quiet. They will not riot or
>pose before TV cameras or cry aloud for action, because that's not
>their way. They are the point of the lance, the very breath of the
>dragon, and at times like this they want to know the taste of blood.
>
>Their adversaries just don't appreciate what they are capable of.
>It's something too divorced from their experience. This isn't like hosing
>civilians with your machine-gun or setting off a bomb somewhere, or killing
>unarmed people strapped and helpless inside a commercial
>aircraft. This means facing professional warriors at a time and
>place of their choosing, and that is something terrorists don't
>really prepare for. The day of Pearl Harbor, the commander of the
>Japanese navy told his staff not to exult too much, that all their
>beautifully executed operation had accomplished was to awaken a
>sleeping dragon and give it a dreadful purpose.
>
>Perhaps alone in his country, Isoroku Yamamoto, who had lived
>briefly in America, knew what his enemy was capable of, and for that
>reason, perhaps he was not surprised when the .50-caliber bullet from a
>P-38 fighter entered his head and ended his life.
>
>Whoever initiated last week's operation is probably not quite as
>appreciative of what he has begun as Yamamoto was. Because the
>dragon is now fully awake, and its breath is too hot for men to
>bear. America is now fully awake. Our quiet patriotism is a little
>louder now, but it will not get too loud. Why spoil the surprise?
>
>
>
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/14/2000
03:52 PM ---------------------------
Tanuja Tulsiani <[email protected]> on 03/30/2000 04:39:22 AM
To: [email protected]
cc:
Subject: Energy in Europe Congress 2000
Dear Energy in Europe Congress Delegate
ENERGY IN EUROPE CONGRESS 2000
19th June * 22th June 2000 * Kempinski Hotel , Berlin
I am delighted that you will be joining us to speak at our Energy in
Europe2000 conference (formally known as Electricity in Europe Congress) and
enclose copies of the printed brochure for you and your colleagues. I hope
that you will agree that the programme looks excellent and the response so
far indicates that the event will be extremely well attended.
I would be grateful if you could just take a moment to look through the items
we would like from you prior to the conference to help ensure everything runs
smoothly on the day.
Your Administration/Preparation Details
12 weeks to go!
You will find attached:
? PINK FORM : please tick and fill in and fax back immediately
? HOTEL FORM: please tick and fill in and fax direct to the hotel
? MARKETING.DOC: Information for out marketing department, please fill in and
send back as soon as possible
Friday 26th May 2000 : A Hard Copy Of Your Documentation
3 weeks to go!
? We would like a hard black & white copy of your presentation / bullet
points/copy of slides whichever is best for you, to insert into the delegate
documentation. We can receive this by post or email if the documents are not
too complex but we try not to insert fax copies as copy quality is poor.
(e-mail address - [email protected]).
N.B. Even if you plan to speak off the cuff, we would urge that you submit at
least an outline of your speech to us for insertion into the delegate pack by
the above date. The most consistent complaint that we have from delegates is
that not all speakers offer hard copies of their presentation.
? If you are unable to make this deadline, please could you inform us as
soon as possible so that we can make alternative arrangements and avoid
printing delay.
Under separate cover we have arranged for five brochures to be sent to you
outlining the full programme. These should arrive very shortly.
Should you have any queries regarding your participation at the conference
please contact Tanuja Tulsiani, our Logistics Manager who will be looking
after the 'domestic' side of the event. You can call her direct on (44) 171
915 5173 or do contact myself. Thank you once again for joining us and I look
forward to seeing you in the Berlin.
With kind regards,
Alexandra Howells
Director
Energy in Europe Congress 2000
- hotel form.doc
- Pink form.doc
- marketing.doc |
SIVY ON STOCKS from money.com
May 11, 2001
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Special situations
These tips for identifying investment opportunities will help you find
stocks that can move up even when the stock market is flat on its back.
By Michael Sivy
As long-time readers of this column know, I like to focus mainly on the
biggest, most financially healthy companies. Such blue-chip growth stocks
are well-followed by Wall Street analysts and by the media, so their
prospects are generally reflected in the share price. Occasionally,
however, those stocks get undervalued -- but they generally return to fair
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you'll at least match -- and probably slightly outpace -- the general
market over a decade or longer. (For a list of the stocks I think are most
worth tracking, see the Sivy 100.)
[ http://www.money.com/sivy100/ ]
There are, however, smart ways to enhance that basic strategy. Some
investors, for example, search for so-called "special situations," stocks
that will rise or fall based on unique events, like a takeover bid or a
corporate restructuring. Anticipating such events takes some savvy, but
there are guideposts that can help. One excellent source for those tips is
The Superstock Investor, a new book by Charles LaLoggia and Cherrie Mahon,
published by McGraw Hill.
I've known Charlie for more than a decade and he's spotted a lot of great
opportunities, particularly among midcap and smaller stocks that aren't
well followed by analysts. In fact, I featured one of his recommendations
in Sivy on Stocks last November 8 -- United Industrial [UIC], a small
defense-related company with little debt. Since then, the stock has risen
40 percent to $16 a share.
Since every special situation is different, the best way to learn about
them is to read through a lot of case studies -- and Charlie's book is full
of them. But he also lists a number of signs to watch for that can help you
identify a stock poised for big gains. The most important thing to remember
is that a special situation needs a catalyst that can unlock its value.
Here are 10 potential triggers:
* An outside investor files a 13-D form with the Securities and Exchange
Commission, revealing that it has accumulated more than 5 percent of a
company's stock.
* A company with one outsider that owns more than 5 percent of the stock
attracts other investors who buy big stakes.
* An outside owner announces that it is seeking ways to enhance shareholder
value or expresses an interest in selling its stake.
* A dispute about the best way to get the stock price up breaks out between
a company's management and a major outside shareholder.
* A company with one or more large outside owners announces a stock buyback
program, giving more influence to the biggest shareholders who will push to
get the stock price up.
* A company in a consolidating industry sells or spins off non-core assets,
thereby turning itself into a pure play that is likely to be even more
attractive to potential acquirers.
* A company in a consolidating industry announces a restructuring charge
that causes its share price to decline substantially, making the stock
highly attractive to potential acquirers.
* A company in a consolidating industry is partially owned by a brokerage
or buyout firm that could devise a strategy to boost the value of its stake.
* The founder of a company who owns more than 10 percent of the stock
passes away, removing potential opposition to an acquisition.
* A company that owns a stake in another company is itself acquired,
leading the acquirer to try to raise cash by selling the stake and putting
the company in play.
None of these factors by itself is a reason to invest in a company. But if
the stock is attractive on fundamental grounds, the chance that it will
turn out to be a special situation provides an enormous kicker.
###
Post your comments on Michael's column at:
http://www.money.com/depts/investing/sivy/index.html
To subscribe or unsubscribe to Sivy on Stocks, go to:
http://www.money.com/email/
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products and services which we think may be of interest to you.
If you would prefer us not to contact you in this manner, AND
YOU DID NOT INDICATE THIS PREFERENCE AT THE TIME YOU SIGNED UP
for the Sivy on Stocks online newsletter or any other Time Inc.
online newsletters, please let us know by sending us an e-mail
at <[email protected]>.
Additionally, from time to time we may provide your e-mail
address to carefully chosen companies whose offers we think may
be of interest to you. If you would prefer us not use your
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THIS PREFERENCE AT THE TIME YOU SIGNED UP for the Sivy on Stocks online
newsletter or any other Time Inc. online newsletter, please let
us know by e-mailing us at <[email protected]>. |
---------------------- Forwarded by Judy Hernandez/HOU/ECT on 10/17/2000
02:39 PM ---------------------------
Angela Barnett <[email protected]> on 10/16/2000 10:13:38 PM
To: [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected]
cc:
Subject: Fwd: [Fwd: Mean Momsannefanny]
--- Deb Pepple <[email protected]> wrote:
> Date: 16 Oct 00 16:40:31 PDT
> From: Deb Pepple <[email protected]>
> To: Angie Barnett <[email protected]>, Pam Buesking
> <[email protected]>,
> Carol Denton <[email protected]>, Karla
> Funnell <[email protected]>,
> Donna Hixon <[email protected]>,
> Laurie Pepple <[email protected]>, Debbie
> Perry <[email protected]>,
> Kim Rathka <[email protected]>, Traci Rininger
> <[email protected]>,
> Jan Secor <[email protected]>,
> Marcia Tuskey <[email protected]>,
> <[email protected]>,
> <[email protected]>,
> <[email protected]>
> Subject: Fwd: [Fwd: Mean Momsannefanny]
>
>
>
>
____________________________________________________________________
> Get your own FREE, personal Netscape WebMail account
> today at http://home.netscape.com/webmail
>
> ATTACHMENT part 2 message/rfc822 name=Forwarded
Message
> From: "Laurie Lauer" <[email protected]>
> Subject: Fwd: Mean Momsannefanny
> Date: Sat, 14 Oct 2000 22:31:50 EST
>
> Many of you have seen this before- but I just LOVE
> it - It is hard being a
> mean MOM!!! Laurie
>
>
> >From: [email protected] (JENNIFER STICKLER)
> >To: [email protected], [email protected],
> [email protected],
> >[email protected], [email protected],
> [email protected]
> >Subject: Fwd: Mean Momsannefanny
> >Date: Sat, 14 Oct 2000 14:19:34 -0400 (EDT)
> >
>
>
_________________________________________________________________________
> Get Your Private, Free E-mail from MSN Hotmail at
> http://www.hotmail.com.
>
> Share information about yourself, create your own
> public profile at
> http://profiles.msn.com.
>
> ATTACHMENT part 2.2 message/rfc822
> From: [email protected]
> Date: Wed, 11 Oct 2000 20:40:43 EDT
> Subject: Fwd: Mean Momsannefanny
> To: [email protected]
>
>
>
> ATTACHMENT part 2.2.2 message/rfc822
> From: "Lisiewski, Joyce (x220)"
> <[email protected]>
> To: "Witriol, Phyllis (x227)"
> <[email protected]>,
> "Roth, Lacey J. (x325)"
> <[email protected]>,
> "Miller, Sylvia (x210)"
> <[email protected]>,
> "'Ann Lewis'" <[email protected]>,
> "'Brett'"
> <[email protected]>,
> "'Chris Fallon'"
> <[email protected]>,
> "'[email protected]'"
> <[email protected]>,
> "'Elena Rosin'"
> <[email protected]>,
> "'Michele Winter'"
> <[email protected]>,
> "'Monika Flom'" <[email protected]>,
> "'Pam Oakes'" <[email protected]>,
> "'[email protected]'" <[email protected]>,
> "'Wilkins, Adrienne L (CLEVELAND CL 646)'"
> <[email protected]>
> Subject: Mean Moms
> Date: Wed, 11 Oct 2000 10:17:22 -0400
>
>
> > Mean Moms
> > I loved you enough . . . .
> >
> > Someday when my children are old enough to
> understand the logic that
> > motivates a parent, I will tell them:
> >
> > I loved you enough . . . to ask where you were
> going, with whom, and what
> > time you would be home.
> >
> > I loved you enough . . . to insist that you save
> your money and buy a bike
> > for yourself even though we could afford to buy
> one for you.
> >
> > I loved you enough . . . to be silent and let you
> discover that your new
> > best friend was a creep.
> >
> > I loved you enough . . . to make you go pay for
> the bubble gum you had
> > taken and tell the clerk, "I stole this yesterday
> and want to pay for it."
> >
> > I loved you enough . . . to stand over you for two
> hours while you
> > cleaned your room, a job that should have taken 15
> minutes.
> >
> > I loved you enough . . . to let you see anger,
> disappointment, and tears
> > in my eyes.
> >
> > Children must learn that their parents aren't
> perfect.
> >
> > I loved you enough . . . to let you assume the
> responsibility for your
> > actions even when the penalties were so harsh they
> almost broke my heart.
> >
> > But most of all, I loved you enough . . . to say
> NO when I knew you would
> > hate me for it.
> >
> > Those were the most difficult battles of all. I'm
> glad I 'won' them,
> > because in the end you won, too.
> >
> > And someday when your children are old enough to
> understand the logic that
> > motivates parents, you will tell them . . . .
> >
> > Was your Mom mean? I know mine was.
> >
> > We had the meanest mother in the whole world!
> >
> > While other kids ate candy for breakfast, we had
> to have cereal, eggs,
> > and toast.
> >
> > When others had a Pepsi and a Twinkie for lunch,
> we had to eat
> > sandwiches.
> >
> > And you can guess our mother fixed us a dinner
> that was different from
> > what other kids had, too.
> >
> > Mother insisted on knowing where we were at all
> times. You'd think we
> were
> > convicts in a prison.
> >
> > She had to know who our friends were, and what we
> were doing with them.
> >
> > She insisted that if we said we would be gone for
> an hour, we would be
> gone
> > for an hour or less.
> >
> > We were ashamed to admit it, but she had the nerve
> to break the Child
> Labor
> > Laws by making us work.
> >
> > We had to wash the dishes, make the beds, learn to
> cook, vacuum the
> > floor, do laundry, empty the trash and all sorts
> of cruel jobs.
> >
> > I think she would lie awake at night thinking of
> more things for us to
> > do.
> >
> > She always insisted on us telling the truth, the
> whole truth, and nothing
> > but the truth.
> >
> > By the time we were teenagers, she could read our
> minds. Then, life was
> > really tough!
> >
> > Mother wouldn't let our friends just honk the horn
> when they drove up.
> > They had to come up to the door so she could meet
> them. While everyone
> > else
> > could date when they were 12 or 13, we had to wait
> until we were 16.
> >
> > Because of our mother we missed out on lots of
> things other kids
> > experienced. None of us have ever been caught
> shoplifting, vandalizing
> > other's property or ever arrested for any crime.
> It was all her fault.
> >
> > Now that we have left home, we are all educated,
> honest adults.
> > We are doing our best to be mean parents just like
> Mom was.
> >
> > I think that is what's wrong with the world today.
> >
> > It just doesn't have enough mean moms.
> |
Suggested changes are highlighted below.
John Sherriff@ECT
04/24/2001 12:55 AM
To: (713) 529-7757, Ken Rice/Enron Communications, Kevin Hannon/Enron
Communications, Mark Frevert/NA/Enron, Greg Whalley/HOU/ECT, Mike
McConnell/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Joseph P Hirl/AP/ENRON@ENRON, Jeremy
Thirsk/AP/Enron@ENRON, Morten E Pettersen/AP/Enron@Enron, Nicholas
O'Day/AP/Enron@Enron, Jackie Gentle/LON/ECT, Richard Shapiro/NA/Enron@Enron,
Jeffrey McMahon/HOU/ECT, Jeffrey A Shankman/Enron@EnronXGate, Raymond
Bowen/enron@enronxgate, Joe Gold/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT,
Jeff Kinneman/HOU/ECT, Rebecca McDonald/ENRON_DEVELOPMENT, Carey
Sloan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brian Stanley/EU/Enron, Michael R
Brown/LON/ECT, Mark Evans/Legal/LON/ECT, Fernley Dyson/LON/ECT, Ted
Murphy/LON/ECT@ECT, Rick Buy/HOU/ECT, Richard Causey/Corp/Enron, Mark E
Haedicke/HOU/ECT@ECT, Drew C Lynch/LON/ECT, David Oxley/HOU/ECT@ECT, John J
Lavorato/Enron@EnronXGate, [email protected]
cc:
Subject: Draft Organizational Announcement about Japan
May I please have your comments if any on this draft by close of business
Wednesday. We hope to have agreed on the Q&A's by then and to send it out
the announcement on Thursday.
John
To be sent to: All Enron Europe, all employees in Japan, all Global Markets
and all VPs and up around the company
Enron has established several wholesale businesses in Japan in the last year
including Metals, Power Plant Development (via our investment in EnCom),
Coal, LNG & Weather. We see significant opportunities in each of these
businesses and we will continue to expand our presence in Japan in order to
capture these opportunities. However, while Japan continues to make progress
towards a liberalized electricity market, significant barriers to power
trading remain under the current interim market structure. Until further
tangible steps are taken to improve third party access for electricity in
Japan, we will suspend our power marketing efforts and focus on the
significant opportunities that currently exist in our other wholesale
businesses. [Any statement regarding our existing power sales commitment?]
Once the necessary regulatory changes have been completed we expect to
aggressively pursue Enron's traditional position as the leading buyer and
seller of electricity in every deregulated market.
We are making a number of organization changes in order to better align our
resources with the opportunities in the Japanese market. [deleted text] Joe
Hirl our President of Enron Japan will move to the Global Markets group and
lead a team that will focus on developing all our Global Markets
opportunities in Japan especially Weather, Oil, LNG, Coal, and
Shipping. We expect to continue our general recruiting of Japanese
nationals and as President of Enron Japan, Joe will continue to provide the
overall business leadership to both recruiting and the Analyst and Associate
program in Japan. The Finance origination team headed by Jeremy Thirsk will
continue to report to Joe and also move to Global Markets. Our power trading
group led by Morton Erik Pettersen will transition into other roles around
Enron. The Equity/FX/Interest rate team which is a part of Global Markets
has two employees in the Tokyo office today and they expect to expand their
efforts throughout the year.
The EnCom group, which is our power plant development business (with minority
partners) and headed by Carey Sloan will continue its efforts in developing
power plants in Japan. We are pleased with the progress we are making on a
number of sites and EnCom will continue to report to the Enron Europe Office
of the Chairman.
Our Metals team headed by Kazunari Sugimoto will continue to report through
Enron Metals in London.
By May we expect Enron Credit to have two to three employees in Tokyo pursing
the Credit Derivative business. These employees remain in Enron Credit , a
part of Enron Europe.
EBS has two employees headed by Jim Weisser and this team expects to expand
by year end.
The Industrial Markets team also expects to have two employees in the Tokyo
office in the next couple of months.
In the last seven months the commercial support services for Japan have been
transitioned to London for support and this is not changing. Jane McBride
heads the legal team and will continue to functionally report to Mark Evans,
General Counsel in London. The RAC function will continue to report to Ted
Murphy, head of RAC for Enron Europe. The Risk Management and Accounting
team is headed by Jan-Erland Bekeng will continue to functionally report to
Fernley Dyson in London. The IT, HR, Tax and real estate teams will also
continue to functionally report to London.
Nick O'Day who heads the Public Affairs group (Government & Regulatory
Affairs and the Public Relations) in Japan will report to the Enron Europe
Office of the Chair with a Public Relations functional reporting to Jackie
Gentle in London and a Government Affairs functional reporting to Rick
Shapiro in Houston. We anticipate that his team's efforts will be primarily
directed to supporting the EnCom power plant development team but they will
also continue to provide support for Global Markets, EBS & Industrial Markets.
We have already made considerable progress in breaking into the Japanese
markets across a wide range of Enron businesses and we anticipate that this
will provide significant profit growth for years to come. Through these
current changes we can demonstrate our ability to be flexible and target our
resources where they will realise the most immediate value for the company. |
---------------------- Forwarded by Jennifer Rudolph/HOU/EES on 05/03/2001
09:48 AM ---------------------------
From: Jeff Dasovich@ENRON on 04/27/2001 06:17 PM
Date: April 27, 2001
To: Jan Smutny-Jones, Steven Kelly, Katie Kaplan
Cc: IEP Board Members
From: Julee Malinowski-Ball
Re: Legislative Status Report Week Ending 4/27
RECENT EVENTS
-- Rule #1: Never assume an issue is done until the ink is dry from the
Governor's signature (and even then you never know). The Senate Republicans
agreed late this week to oppose SB 28x (Sher), which makes several
IEP-sponsored proposals to the siting process, due to a controversial
provision added in the Assembly Appropriations Committee regarding
unemployment compensation. Assembly Republicans let it slide on process
because CMTA and the Chamber's objections to the egregious language was so
last minute. Senate Republicans had more time to look at the issue and
agreed not to let it go forward. Since they control of the final vote in a
bill requiring two-thirds, their united opposition stopped the bill, one
vote shy. The author was granted reconsideration and discussions will be
on-going over the next week on how to proceed. The best-case scenario at
this point is getting one Republican to drop from the ranks. Worst-case
scenario is the bill dies, and our language gets picked up in another
vehicle starting the whole process all over again. The more likely
scenario, however, lies somewhere in between. Parties will agree to some
compromise language, send the bill back to the Assembly to make the
appropriate changes, then bring it back to the Senate for a clean vote.
-- Long-term contracting was moved to the front burner this week by Asm.
Wright (AB 57) and Senator Morrow (SB 997), both with different results.
Both measures, which are almost identical, set forth a criteria which, if
followed by an IOU when signing a long-term contract with an energy
supplier, would eliminate the need for a reasonableness review by the CPUC.
AB 57 passed out of the Assembly Utilities and Commerce committee with
little discussion and a few technical amendments. SB 997 faced a longer,
more difficult hearing in front of Senator Bowen's Energy Committee. IEP,
along with the three IOUs testified in support of the measure, while TURN
expressed great concerns with the concept of leaving the CPUC out of the
picture. In the end, the Senate committee agreed to put the bill off for
further discussions, passed a motion in support of getting the appropriate
rule waver so the bill can be heard again after Friday's policy committee
deadline, and scheduled a stakeholder meeting for Thursday morning. Senator
Burton announced on the Senate Floor Thursday morning, however, that all
requests for rule wavers would be denied. AB 57 appears to be the only
active vehicle on this issue, and IEP will be at the negotiating table
providing input on the language as it moves forward.
-- AB 60x is scheduled for hearing next week in the Senate Energy Committee.
IEP met with committee staff this week, which revealed some possible
latitude in amending the bill. IEP and other member company lobbyists will
be pushing hard for an opposed position from the rest of the committee
before the hearing Tuesday afternoon. At this time, however, we do not have
any alternative language for the bill. After further review by some IEP
member companies, the previously drafted amendments appear unworkable and
were withdrawn from consideration. We anticipate on waiting to see where
the committee on Tuesday takes the issue before another attempt at drafting
alternative language.
-- SB 1x (Soto/Scott) was amended this week before its hearing in the Senate
Appropriations committee next week. The new language finds a backdoor to
the price cap issue by imposing a 100 percent tax on the sale of electric
power that exceeds a base price of $80 per MW/hr. CMTA, the Chamber and
CalTax will be coordinating strategy for the hearing with IEP and the
generators, but despite the bill's multiple constitutional and legal
problems, most admit the measure will move forward with little trouble. A
new player on the scene will probably provide the most noteworthy testimony.
InterGen North America, which is developing a 900 MW power plant in Palm
Springs, plans on testifying that if this measure is signed by the Governor,
they will absolutely pull the project and go to Oklahoma.
-- Newly amended this week is AB 67x (Cardoza), which now makes it a felony
for a corporation that sells electricity or natural gas at unjust or
unreasonable rates. Sponsored by Lt. Governor Bustamante, the measure
establishes stiff fines and possible jail time, that could be subject to the
state's "three strikes" law. AB 67x has already generated opposition from
Republicans and constitutional questions from legal experts. Although
Cardoza noted that several aspects of the bill are unresolved and could
change, the intent will remain the same, and he insists that energy
companies that take advantage of Californians will still face significant
penalties.
-- SB 6x, (Burton), which establishes a State Power Authority, passed the
Assembly this week by a 48 to 28 vote. The measure needs the Senate to
concur on the Assembly amendments before it heads to the Governor's desk.
-- Attached are the most recent legislative tracking reports for both the
special and regular sessions. Please call if you need copies of any of the
bills.
UPCOMING EVENTS
MONDAY, April 30th
Senate Appropriations Committee
SB 1x (Soto) - excess profits tax
SB 30x (Brulte) - local government incentives
Assembly Energy Costs and Availability Subcommittee on Natural Gas Costs and
Availability
Informational Hearing
TUESDAY, May 1st
Senate Energy Committee
AB 60x (Hertzberg) - California First
MONDAY, May 7th
Senate Appropriations Committee
SB 64x (Costa) - biomass incentive
ON THE SENATE FLOOR
SB 28x (Sher) - siting proposals
SB 6x (Burton) - State Power Authority
--end--
Julee Malinowski-Ball
Senior Associate
Edson + Modisette
916-552-7070
FAX-552-7075
[email protected]
- 2001 Tracking Report.doc
- 2001 Tracking Report.special session.doc |
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you're such a kidder.
-----Original Message-----
From: Molly Coffin [mailto:[email protected]]
Sent: Wednesday, October 24, 2001 4:37 PM
To: Dasovich, Jeff
Subject: RE: Pick Sheet - Week 8.xls
i was kidding
>From: "Dasovich, Jeff"
>To: "Molly Coffin"
>Subject: RE: Pick Sheet - Week 8.xls
>Date: Wed, 24 Oct 2001 16:16:00 -0500
>
>no. body to body.
>
>-----Original Message-----
>From: Molly Coffin [mailto:[email protected]]
>Sent: Wednesday, October 24, 2001 4:09 PM
>To: Dasovich, Jeff
>Subject: RE: Pick Sheet - Week 8.xls
>
>
>
>with your car?
>
>
>
> >From: "Dasovich, Jeff"
> >To: "Molly Coffin"
> >Subject: RE: Pick Sheet - Week 8.xls
> >Date: Wed, 24 Oct 2001 16:02:12 -0500
> >
> >You know, I ran into Martha once (literally) in Washington D.C.
> >
> >-----Original Message-----
> >From: Molly Coffin [mailto:[email protected]]
> >Sent: Wednesday, October 24, 2001 12:03 PM
> >To: Dasovich, Jeff
> >Subject: RE: Pick Sheet - Week 8.xls
> >
> >
> >
> >Aha! You really are interested in what Martha thinks after all! (And by
>
> >the way, Martha never met a plant she didn't like as far as I know...)
> >
> >
> >
> > >From: "Dasovich, Jeff"
> > >To: "Molly Coffin"
> > >Subject: RE: Pick Sheet - Week 8.xls
> > >Date: Wed, 24 Oct 2001 01:10:34 -0500
> > >
> > >Does Martha approve of aloe vera?
> > >
> > > -----Original Message-----
> > > From: Molly Coffin
> > > Sent: Tue 10/23/2001 7:34 PM
> > > To: Dasovich, Jeff
> > > Cc:
> > > Subject: RE: Pick Sheet - Week 8.xls
> > >
> > >
> > >
> > > How about if my aloe vera plant models it instead?
> > >
> > >
> > >
> > > >From: "Dasovich, Jeff"
> > > >To: "Molly Coffin"
> > > >Subject: RE: Pick Sheet - Week 8.xls
> > > >Date: Tue, 23 Oct 2001 15:29:26 -0500
> > > >
> > > >Well, not just any jock strap. Maybe you could model a few and
> > >I can
> > > >pick one. Don't want it to clash with the furniture....
> > > >
> > > >-----Original Message-----
> > > >From: Molly Coffin [mailto:[email protected]]
> > > >Sent: Tuesday, October 23, 2001 2:24 PM
> > > >To: Dasovich, Jeff
> > > >Subject: RE: Pick Sheet - Week 8.xls
> > > >
> > > >
> > > >
> > > >Wow. It sounds like you really have your heart set on having a
> > >jock
> > > >strap or 2 on display at your place...I may have to get in
> > >tough with
> > > >some of those Patriots.
> > > >
> > > >
> > > >
> > > > >From: "Dasovich, Jeff"
> > > > >To: "Molly Coffin"
> > > > >Subject: RE: Pick Sheet - Week 8.xls
> > > > >Date: Tue, 23 Oct 2001 14:03:04 -0500
> > > > >
> > > > >Forget that, I'm expecting a new hanging planter for
> > >Christmas. (Tee
> > > > >hee).
> > > > >
> > > > >Kisses,
> > > > >Jeff
> > > > >
> > > > >-----Original Message-----
> > > > >From: Molly Coffin [mailto:[email protected]]
> > > > >Sent: Tuesday, October 23, 2001 2:02 PM
> > > > >To: Dasovich, Jeff
> > > > >Subject: RE: Pick Sheet - Week 8.xls
> > > > >
> > > > >
> > > > >
> > > > >See...reading Martha Stewart Living may make me rich yet!
> > > > >
> > > > >
> > > > >
> > > > > >From: "Dasovich, Jeff"
> > > > > >To: "Scott Laughlin" , , , "eldon sellers (E-mail)"
> > > > > >CC: , , ,
> > > > > >Subject: RE: Pick Sheet - Week 8.xls
> > > > > >Date: Tue, 23 Oct 2001 12:23:35 -0500
> > > > > >
> > > > > >Molly gets all her picks from "The Living Guide to Picking
> > >NFL
> > > >Winners"
> > > > >
> > > > > >by Martha Stewart. Note on p. 12 of this months version:
> > >Martha shows
> > > >
> > > > > >how to make hanging planters out of the jock straps worn by
> > >the front
> > > >
> > > > > >line of the New England Patriots.
> > > > > >
> > > > > >
> > > > > >-----Original Message-----
> > > > > >From: Scott Laughlin [mailto:[email protected]]
> > > > > >Sent: Tuesday, October 23, 2001 12:06 PM
> > > > > >To: [email protected];
> > >[email protected]
> > > > > >Cc: [email protected]; [email protected];
> > > >[email protected];
> > > > > >[email protected]
> > > > > >Subject: Re: Pick Sheet - Week 8.xls
> > > > > >
> > > > > >
> > > > > >No, I want her picks! This is going to start a major
> > >bidding war...
> > > > > >
> > > > > >
> > > > > > >From: Nancy Sellers
> > > > > > >To: "'Molly Coffin (Hotmail)'"
> > > > > > >CC: 'Sean Maloney' , Cameron
> > > > > >,
> > > > > > >Jeff Dasovich , "Prentice @ Berkeley"
> > > > > > >, Prentice Sellers ,
> > > > > > >Scott Laughlin
> > > > > > >Subject: Pick Sheet - Week 8.xls
> > > > > > >Date: Tue, 23 Oct 2001 08:22:50 -0700
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > >Molly, please fill out this sheet for me!
> > > > > > >
> > > > > > > <>
> > > > > > >
> > > > > > ><< PickSheet-Week8.xls >>
> > > > > >
> > > > > >
> > > > >
> > > >_________________________________________________________________
> > > > > >Get your FREE download of MSN Explorer at
> > > > > >http://explorer.msn.com/intl.asp
> > > > > >
> > > > > >
> > > > > >
> > > > >
> > > >
> > >
> >
> >**********************************************************************
> > > > > >This e-mail is the property of Enron Corp. and/or its
> > >relevant
> > > > >affiliate and may contain confidential and privileged
> > >material for the
> > > > >sole use of the intended recipient (s). Any review, use,
> > >distribution
> > > >or
> > > > >disclosure by others is strictly prohibited. If you are not
> > >the
> > > >intended
> > > > >recipient (or authorized to receive for the recipient),
> > >please contact
> > > > >the sender or reply to Enron Corp. at
> > > > >[email protected] and delete all
> > >copies of the
> > > > >message. This e-mail (and any attachments hereto) are not
> > >intended to
> > > >be
> > > > >an offer (or an acceptance) and do not create or evidence a
> > >binding and
> > > >
> > > > >enforceable contract between Enron Corp. (or any of its
> > >affiliates) and
> > > >
> > > > >the intended recipient or any other party, and may not be
> > >relied on by
> > > > >anyone as the basis of a contract by estoppel or otherwise.
> > >Thank you.
> > > > >
> > > >
> > >
> >
> >**********************************************************************
> > > > >
> > > > > _____
> > > > >
> > > > >Get your FREE download of MSN Explorer at
> > >http://explorer.msn.com
> > > > >
> > > > >
> > > > >
> > > >
> > > > _____
> > > >
> > > >Get your FREE download of MSN Explorer at
> > >http://explorer.msn.com
> > > >
> > > >
> > > >
> > >
> > > _____
> > >
> > > Get your FREE download of MSN Explorer at
> > >http://explorer.msn.com
> > >
> > >
> >
> > _____
> >
> >Get your FREE download of MSN Explorer at http://explorer.msn.com
> >
> >
> >
>
> _____
>
>Get your FREE download of MSN Explorer at http://explorer.msn.com
>
>
>
_____
Get your FREE download of MSN Explorer at http://explorer.msn.com <http://go.msn.com/bql/hmtag_itl_EN.asp> |
Tried to send this earlier. Will try again.
-----Original Message-----
From: Nemec, Gerald
Sent: Monday, June 18, 2001 7:30 PM
To: '[email protected]'; 'LT Bieraugel '
Cc: Nemec, Gerald
Subject: RE: Dudes...
Hey Guys! I just got back from traveling two weeks in China, so I am now able to answer my emails. A friend of mine here at Enron has a brother that lives in China and he got married to a Chinese national. So I decided to join them for the wedding and sightseeing. The sights were pretty amazing. Great Wall, Forbidden City, Tianamen Square, etc. Definitely culture shock though. I know what it feels like to be a rock star now. I was pretty much stared at wherever I went. I am sure they think I look like a big nosed western devil freak. The food wasn't as bad as I thought, although I did get the trots the last two days in country. I knew I shouldn't have eaten the mutton.
Fortunately I missed the flood of the century, Ernie! I heard about it the first week in China. Wasn't much I could do from China, so I just kept my fingers crossed and fortunately the house was safe and sound when I got back. Some jackass drove up on my front yard and left some tire tracks. There must have been high water in the street that he was trying to avoid. Doooh!!
Other than that everything is going fine. Doing the old dating thing! Boy is that a ton of laughs. Women at this age are definitely interesting. I spend most of my time avoiding questions like, "Where is this relationship headed?" Uh excuse me, but we only met last week!
Congratulations, Paul on little Chloe. I checked out the pics on your website and the family looks great. Bieraugel you still look the same as the last time I saw you, but Whoa, is that a little gray hair I saw on you Paul? Oh well, we all have chinks in our armor. Seriously though it is a beautiful family and I know it must be tough to be away from them. Are you going to be staying in the Navy for awhile? 10 more years and you can retire eh!
Ernie, Sounds like things are going well at work. Congrats on the promo. We definitely need to do a better job of getting together here in Houston. You need to get the wife and we need to have dinner one night or something! The Buick sounds prime. 240HP ought to take care of it. Sounds better than the shaka-mobile. What the hell ever happened to that car anyway? I still love to tell stories about that car. You can't beat a K-mart lawn chair for comfortable automobile seating. Ernie, I think my focus is on the 5 series BMW. Unfortunately my stock portfolio has delayed my auto purchase for awhile.
Let's pledge to all do better at keeping in touch. It is great to hear from you guys. We need to plan a little get together when you get back from sea. It has been to damn long. Take care and be safe, Bruddas.
Gerald
-----Original Message-----
From: [email protected] [mailto:[email protected]@ENRON]
Sent: Sunday, June 10, 2001 5:20 PM
To: LT Bieraugel
Cc: Gerald Nemec (E-mail)
Subject: Re: Dudes...
You're right, we need to do better at keeping in touch. Gerald and I live in
the same town, and we still hardly see each other! Great to hear from you.
I know it's got to be the hardest thing to leave for six months, especially with
the new baby when mama needs you the most. Do you guys have any family in town
at least? You're wife is probably involved with a network of military wifes at
least. It's hard for me to leave for even a couple of days. The week after
next I am in Dallas for a week of training, that'll be the longest I've been
away.
Well, my wife just went to the movies with my oldest, Sophie (she's four). I'm
home with my two boys who are both napping, so I actually have a minute to
write. I am about to make lunch for my neighbor who is from South Africa. His
family just left for SA for two months, so I'll probably have him over often.
We're about to cook some Elgin sausage, remmeber where that is Paul? I was in
Austin for work on Friday (drove there) and stopped to get some. The road trip
was quite eventful: saw a few wreck and one car was even on fire.
You probably don't catch national weather Paul, but we just had a
once-in-a-century storm here in Houston (that's what they're calling it on the
news anyway). Some places in the Houston area had 35" of rain in the last two
days! We had about 20" in my area, no flooding though. Gerald, how did you
fare? So we've been declares a natural disaster area and all of that.
Other than that, not a whole lot going on. Work is going well: I got promoted
in Feb and am in line for another in August, so I can't complain - Frito-Lay is
a good stable company that treats it's employees well. Let's see what else?
just got a new car that I am excited about. I had a little Ford Focus 5spd for
my comuter car, but got tired of all of the shifting in traffic on the Beltway.
So I found a 1999 Buick Regal GSE with only 22k on it, in immaculate shape. I
know, a Buick sounds kinda lame, but as far as Buicks go, this the only one I
would own. It has leather, sunrfoor, sporty wheels, killer 220-watt stereo,
with a 240HP supercharged engine with room for 5 to boot! I loaded up the
family and cargo to go to the Valley during Memorial Day, it even got 28 MPG!
Beats the hell out of the 14 or so in the Suburban, with gas prices these days.
Gerald, are you still in the market for a SUV? I think you were interested in
the Toyota Sequoia or the Acura MDX? You'd better just stick with the 5-series
Bimmer, I know I would if I were in your shoes!
OK, guys, gotta get to cookin those sausages. Bieraugel, hang in the there out
at sea and keep us proud!
Ern
LT Bieraugel <[email protected]>
06/08/2001 07:47 PM
To: Ernie J Zavaleta/Frito-Lay/US@Frito-Lay, "Gerald Nemec (E-mail)"
<[email protected]>
cc:
Subject: Dudes...
Ernie and Gerald, well dudes, we're doing just what we said we were not
going to do. Fall out of touch again. Here is the latest. I am out on my
ship for six months now. We left June 4th and we get back in November.
It's a bitch to be gone from the family for that long but it very busy so it
goes fast for me. We had our fourth (and probably last) kid on May 13th.
Her name is Chloe Elizabeth. She is perfect. My two year old (Kate) was
very surprised when we brought her home. Carson said he wanted a brother
and Kelly wants to hold her all the time. You can check some pictures out
at www.geocities.com/pbieraugel. Take it easy you guys and stay in touch.
Paul. |
Oh come on. I heard that you're a ghost writer for Harvey's proposal!
Kidding.
Seriously, it's been great discussing these issues on panels with you
lately. I have a picture of the two of us from the Berkeley conference I'll
pass along to you.
I really think there's a way out of all this without dropping a nuclear bomb
on all of the hard work folks have done thus far to restructure the
industry. Look forward to working on it.
Best,
Jeff
P.S. Don't have TOO much fun dangling the initiative in front of the likes of
Peace and the IOUs.
Mike Florio <[email protected]>
11/28/2000 05:53 PM
To: <[email protected]>
cc: "Aaron Thomas (E-mail)" <[email protected]>, "'Allan Lippincott'"
<[email protected]>, "Ann Cohn (E-mail)" <[email protected]>, "'Ann Watson'"
<[email protected]>, "Anna Ferrera (E-mail)" <[email protected]>, "'Art
Carter'" <[email protected]>, "'assistant for John Fielder'"
<[email protected]>, "Audra Hartmann (E-mail)" <[email protected]>, "Barbara
Barkovich (E-mail)" <[email protected]>, "'Becky Kilbourne'"
<[email protected]>, "Bill Booth (E-mail)" <[email protected]>, "'Bill
Dombrowski'" <[email protected]>, "Bill Keese (E-mail)"
<[email protected]>, "Bill Zobel (E-mail)" <[email protected]>,
"'Bob Foster'" <[email protected]>, "'Bob Houston'" <[email protected]>,
"Carolyn McIntyre (E-mail)" <[email protected]>, "Carolyn Veal-Hunter
(E-mail)" <[email protected]>, "Catherine Hackney (E-mail)"
<[email protected]>, "Charles Bacchi (E-mail)" <[email protected]>,
"'Craig Brown'" <[email protected]>, "Dan Carroll (E-mail)"
<[email protected]>, "'Denice Cazalet'" <[email protected]>, "Dennis Price
(E-mail)" <[email protected]>, "'Denny Samuel'" <[email protected]>,
"'Dominic DiMare'" <[email protected]>, "Dorothy Rothrock
(E-mail)" <[email protected]>, "'Ed Yates'" <[email protected]>, "Evelyn Elsesser
(E-mail)" <[email protected]>, "Gary Heath (E-mail)" <[email protected]>,
"'Gordon McDonald'" <[email protected]>, "'Jack Flanigan'"
<[email protected]>, "Jack Gualco (E-mail)"
<[email protected]>, "'Jack Stewart'" <[email protected]>,
"'James Boyd'" <[email protected]>, "Jan Smutny-Jones (E-mail)"
<[email protected]>, "Jeff Dasovich (E-mail)" <[email protected]>, "'Jerry
Jordan'" <[email protected]>, "Jim Cassie (E-mail)" <[email protected]>, "Jim
Groniger (E-mail)" <[email protected]>, "Joe Lyons (E-mail)"
<[email protected]>, "'Joe Ronan'" <[email protected]>, "John Bridges
(E-mail)" <[email protected]>, "'John Fielder'" <[email protected]>, "John
Fistolera (E-mail)" <[email protected]>, "John Larrea (E-mail)"
<[email protected]>, "John Rozsa (E-mail)" <[email protected]>,
"John White (E-mail)" <[email protected]>, "'Joseph Alamo'"
<[email protected]>, "Julee Malinowski-Ball (E-mail)" <[email protected]>, "'Julia
Wright'" <[email protected]>, "Karen Edson (E-mail)"
<[email protected]>, "Karen Jarrell (E-mail)" <[email protected]>, "Karen
Koyano (E-mail)" <[email protected]>, "'Karen Lindh'" <[email protected]>,
"Karen Mills (E-mail)" <[email protected]>, "'Kari Harteloo'" <[email protected]>,
"Kassandra Gough (E-mail)" <[email protected]>, "'Kathy Brandenburg'"
<[email protected]>, "Kay Grosulak (E-mail)"
<[email protected]>, "Keith McCrea (E-mail)" <[email protected]>, "Kevin
Lynch (E-mail)" <[email protected]>, "Kevin Smith (E-mail)"
<[email protected]>, "Kip Lipper (E-mail)" <[email protected]>, "Lawrence
Lingbloom (E-mail)" <[email protected]>, "Lenny Goldberg
(E-mail)" <[email protected]>, "Louis Szablya (E-mail)" <[email protected]>,
"Marc Joseph (E-mail)" <[email protected]>, "Marwan Masri (E-mail)"
<[email protected]>, "Mary McDonald (E-mail)" <[email protected]>,
"Michael Alcantar (E-mail)" <[email protected]>, "'Mike Kahl'"
<[email protected]>, "Mona Petrochko (E-mail)" <[email protected]>, "Pete
Conaty (E-mail)" <[email protected]>, "'Phil Nails'"
<[email protected]>, "Phil Stohr (E-mail)" <[email protected]>, "Ralph
Cavanagh (E-mail)" <[email protected]>, "Randy Chinn (E-mail)"
<[email protected]>, "Ray Thompson (E-mail)" <[email protected]>,
"'Rick Counihan'" <[email protected]>, "Robert Berry (E-mail)"
<[email protected]>, "Robin Larson (E-mail)" <[email protected]>, "Sheryl Carter
(E-mail)" <[email protected]>, "Steve Pike (E-mail)" <[email protected]>,
"Steve Ponder (E-mail)" <[email protected]>, "Stu Wilson (E-mail)"
<[email protected]>, "'Sue Mara'" <[email protected]>, "Susan Reeder (E-mail)"
<[email protected]>, "Terry Winter (E-mail)" <[email protected]>, "Thomas
Dinkel (E-mail)" <[email protected]>, "Tim Schmelzer (E-mail)"
<[email protected]>, "'Tommy Ross'" <[email protected]>, "'Tony Braun'"
<[email protected]>, "Victoria Schaefer (E-mail)" <[email protected]>
Subject: Re: Proposed initiative on energy issue
FYI-- Despite strong urging, TURN did NOT join in the press conference or
the initiative proposal referenced in this message. Obviously we may have
no choice but to do so in the future, depending upon how FERC, the
Governor, the Legislature and the CPUC react to the unfolding crisis. For
now, we will continue to work for reasonable regulatory and legislative
solutions that protect small ratepayers from the consequences of a debacle
that they never asked for or wanted. I am plannning to attend Friday's
meeting of the group (unless I am disinvited) so that we can discuss
constructive ways of making that happen. MIKE
At 02:01 PM 11/28/2000 -0800, Delaney Hunter wrote:
>Folks-
>Below is a site with information on a proposed initiative from Harvey
>Rosenfeld dealing with the current energy issues facing California. Thanks
>to Julee Malinowski-Ball for the info on the site.
>
>Thanks,
>Delaney
>
>http://www.consumerwatchdog.org/utilities/pr/pr000842.php3. |
Please note, this is a one time ONLY email invitation to selected Power Mart Conference attendees. If you are available and in Houston in December, please join us at our Techxans Energy Holiday Mixer.
>> >>>>>>>>>>>>>>>>> * <<<<<<<<<<<<<<<<<<<<<<<<<<
Our December Holiday Party is hosted by:
> Association of Information Technology Professional (www.aitphouston.org)
> Association for Women In Computing ( www.awchouston.org )
> Digital Eve ( www.digitaleve.com/houston/index.php )
> Greater Houston Partnership ( www.houston.org )
> Houston Java User Group ( www.hjug.org )
> MIT Enterprise Forum of Texas ( www.mitforumtexas.org)
> Techxans (www.techxans.org)
> Women In Technology International ( http://www.witi.org )
>> >>>>>>>>>>>>>>>>> * <<<<<<<<<<<<<<<<<<<<<<<<<<
From: Lisa Hoot, Coordinator of Techxans Networking Social
You and your guests are cordially invited to attend Techxans Holiday Party
=====================================
IT'S ALL ABOUT PERSONAL RELATIONSHIPS
=====================================
WHAT: Techxans Holiday Party
Happy Holiday! Come join us to celebrate this Holiday Season!
Don't miss this great opportunity to network with members from
leading Houston technology associations. Have fun, meet old
friends, and make new ones.
>> RSVP ONLINE: www.techxans.org/signup/holidaypartysignup.htm
WHEN: Thursday, December 13, 2001 from 6:00pm - 9:00pm
WHERE: Gatsby Social Club
2540 University Blvd. (713) 874-1310
WHO: Techxans welcome all Technology and Industry
Executives, CEO, CIO, VP, Directors, Analysts, Consultants,
and Business Professionals!! Dates Are Welcome!!
>> INVITE YOUR FRIENDS & COWORKERS <<
>> RSVP ONLINE: www.techxans.org/signup/holidaypartysignup.htm
DRESS: Cocktail or Business
ADMISSION: $10.00 (Cash or Check) - a percentage of the admission
will be donated to selected charity
GET: One (1) Free Drink / Appetizer / Win Cool Door Prizes
CORPORATE SPONSOR:
> Applied Computer Research ( http://www.acrhq.com)
EVENT SPONSOR:
> Southwest Bio Conference - December 4-5 @Hyatt Downtown
( http://www.biosouthwest.com)
MEDIA SPONSOR:
> Houston Business Journal
( http://bizjournals.bcentral.com/houston/ )
DONATION BENEFITING:
> "Variety - The Children's Charity
( http://www.usvariety.org/main.html )
>> About Techxans (Networking Social Host)
The purpose of Techxans is to promote networking and community
among the professionals in Houston by providing an entertaining
environments for business, technology professionals, and
entrepreneurs to build new friendships, alliances and resources.
Each month we host "Happy Hours" that further promote networking
and social activities. Join us by registering for our mailing
& invite list. This will allow us to notify you about our events.
Click to www.Techxans.org
>> Applied Computer Research ( Major Corporate Sponsor )
Increase Your Sales And Marketing Assets!
Since 1972, the Directory of Top Computer Executives has been
the source that computer industry marketers turn to for up-to-date IT
management information. The Directory gives you immediate access to
more than 48,000 key decision makers at over 24,000 of the largest
U.S. and Canadian IT organizations. Plus, over 1,200 new sites are
added each year.
For more information, please visit - www.acrhq.com
>> Association of Information Technology Professional ( Co-Host )
AITP offers opportunities for Information Technology (IT) leadership and
education through partnerships with industry, government and academia. AITP
provides quality IT related education, information on relevant IT issues and
forums for networking with experienced peers and other IT professionals.
For more information, please visit - www.aitphouston.org
>> Association For Women In Computing ( Co-Host )
AWC's mission is to provide for the technical professional development of
computing specialists and to provide a formidable network, which is a source
of education, expert information and career opportunities for its members.
For more information, please visit - www.awchouston.org
>> Digital Eve ( Co-Host )
Houston's resource for women interested in technology and living a digital
lifestyle! We are part of an international, non-profit women's networking
group who are here to encourage, educate and empower women of all ages,
education levels and various interests in technology and new media.
For more information, please visit - www.digitalevehouston.org
>> Greater Houston Partnership ( Co-Host )
Do you want to be part of the tech community's voice by serving
as the eyes and ears of the local technology community?
Get involved with the Emerging Business Council by contacting
Linda Flores Olson at [email protected] or 713-844-3682.
For more information, please visit - www.houston.org
>> Houston Java User Group ( Co-Host )
HJUG is dedicated to the use of the Java(TM) Technology and Lifestyle.
We are one of the many Java User Groups worldwide. All of the HJUG
events, study groups and meetings are FREE to all Java enthusiasts. HJUG
has been created to satisfy all the educational needs about Java for all
levels. Therefore, HJUG proposes technical meetings, business meetings,
and study groups about Java.
For more information, please visit - www.hjug.org
>> MIT Enterprise Forum of Texas ( Co-Host )
Since 1984, the MIT Enterprise Forum of Texas, based in Houston,
Texas, has offered a basic group of services, which includes professional
seminars, start-up clinics, business plan workshops, case presentations,
and networking opportunities with peers, business specialists and venture
capitalists. Most of the local events are held at the Houston Engineering
and Scientific Society (HESS) building.
For more information, please visit - www.mitforumtexas.org
>> Women In Technology International ( Co-Host )
For more than a decade, WITI has successfully provided women in
technology inspiration, education, conferences, on-line services,
publications and an exceptional worldwide network of resources.
WITI is the first and only international organization solely dedicated to
advancing women through technology. WITI's expansion includes the
development of web-based tools, products and services, innovative
support to women entrepreneurs, early-stage ventures, education,
technology centers, and media networks.
For more information, please visit - www.witi.org
>> About Southwest Bio conference (Event Sponsor)
December 4 - 5, 2001 Hyatt Regency Downtown Houston
The Southwest BIO Venture Conference and Symposium is one of the
nation's premier biotech and health science venture events. This two-day
event will combine a venture educational symposium with an opportunity
for linking investors and related financial organizations with select
ventures in biotechnology, healthcare services, medical devices and
life sciences. If you have an interest in emerging companies in the
biotechnology and health science industry, you need to attend.
Visit - www.biosouthwest.com
*** If you would like to be added to future event mailings,
please click to www.Techxans.org or send an email to
[email protected]
*** If you would like to be removed from future event mailings,
please send an email request to [email protected] .
*** PLEASE FORWARD THIS EMAIL TO ALL OF YOUR FRIENDS!! |
State energy contracts must be paid off by users in system
By Ed Mendel
SAN DIEGO UNION-TRIBUNE STAFF WRITER
July 12, 2001
SACRAMENTO -- California businesses are being hit by big electricity rate
increases, some as high as 100 percent, and they would like to be able to
shop around for cheaper power.
But state regulators are poised to ban customer choice, or "direct access"
as it has come to be called, because they want to make sure that enough
customers remain with utilities to pay for state power purchases.
After a month of closed-door talks, the revelation that the state has signed
$43 billion worth of long-term power contracts at above-market prices helped
scuttle an attempt to work out a compromise in the Assembly.
*
<http://www.signonsandiego.com/news/reports/power/20010712-9999_7m12correct.
html> For the record: Power story correction
*
<http://www.signonsandiego.com/news/reports/power/20010712-9999_1n12enron.ht
ml> Senate panel, energy firm fighting tough
<http://www.signonsandiego.com/images/trans_1x1.gif>
"If the intent of the big customers is to leave the small customers paying
for those contracts, we are going to fight like hell," said Lenny Goldberg,
a lobbyist for The Utility Reform Network.
Jack Stewart, president of the California Manufacturers and Technology
Association, said large business users were offering to pay off the back
debt of Southern California Edison, estimated at $3.5 billion, in exchange
for direct access.
"I thought we were making a lot of progress until the information on the
contracts came out," Stewart said. "We really don't have a way of dealing
with those contracts."
Now Stewart is suggesting that direct access be slowly phased in over a
period of years and that the long-term power contracts be renegotiated,
perhaps with some being switched from the state to big-business users.
The manufacturers association and the California Chamber of Commerce helped
organize a business coalition, Californians for Energy Action, that wants a
cheaper alternative to power purchased for utility customers by the state.
"Many large and small California businesses have seen their electric bills
double," says a newspaper ad being run by the coalition this week. "These
cost increases are a burden that will cause consumer prices to increase,
some businesses to fail and jobs to be lost."
A rate increase approved by the state Public Utilities Commission for PG&E
and Edison customers in May fell heaviest on business users. The PUC said
that the average residential increase was about 50 percent, while the
average business increase was about 75 percent.
Legislation that authorized the state to begin buying power in January for
the utilities, who were crippled by a failed deregulation plan, bars rate
increases for residential customers who use up to 130 percent of the
baseline, the minimal amount deemed necessary for a household.
Senate President Pro Tempore John Burton, D-San Francisco, and other
legislators have argued that large businesses should bear most of the burden
of the failed deregulation plan because it was business, not residential
consumers, who pushed for deregulation.
Alan Zaremberg, president of the California Chamber of Commerce, said that
forcing businesses to bear a "disproportionate" rate increase will cost
everyone through higher prices for goods and services and possibly a loss of
jobs.
"If government didn't allow implementation of deregulation in the right
manner," Zaremberg said, "then we all have to find a solution. We are all in
this together, and that's residential and business alike."
The legislation that authorized the state to buy power also directed the PUC
to ban direct access power purchases, if the loss of rate revenue from the
departing customers would harm the ability to pay off a power bond.
The state plans to issue a bond of up to $13.4 billion in September or
October to repay the taxpayer-supported state general fund for power
purchases. The bond would be paid off by ratepayers over 15 years.
Last week, the Senate rejected a bill by Sen. Debra Bowen, D-Marina del Rey,
on a 19-12 vote that would have allowed businesses to shop for power if they
paid an "exit fee" to protect the bond payments. Business groups said the
fee was too large and would not result in lower power costs.
"I cannot carry a direct-access bill that makes it harder to sell the bonds
or that shifts costs from large users, who leave for cheaper power, to
smaller users and residential ratepayers," Bowen said.
Burton and Bowen have both criticized Gov. Gray Davis' plan to keep Southern
California Edison from joining Pacific Gas and Electric in bankruptcy. They
say the plan, which includes the state purchase of the Edison transmission
system, is too generous to Edison.
Both Burton and Bowen have suggested that an Edison bankruptcy may not be a
calamity. But in the Assembly, Speaker Robert Hertzberg, D-Van Nuys,
launched a drive for an alternative Edison rescue plan that was based on
gaining business support by offering direct access.
Hertzberg asked a former Democratic assemblyman, Phil Isenberg of
Sacramento, to try to work out an agreement among the various special
interest groups: business, labor, consumers and generators.
The basic plan considered by the Isenberg group would have left "core"
customers -- residences and small businesses -- in a regulated system
receiving power at stable prices from the generators and contracts retained
by the utilities.
Businesses and other large users, the "non-core" customers, would be free to
shop around for low-cost power by 2003 if they agreed to help pay off the
Edison debt.
The Edison rate increase for large users would be limited to 50 percent. The
PUC would create a "balancing account" to track costs, issuing a refund if
too much was collected or raising rates if revenue fell short.
Business and generator groups told Hertzberg last week that they reached
agreement on a general framework, with the exception of the state purchase
of the Edison transmission system and some other issues. But the consumer
and labor representatives opposed the framework.
Mike Florio of The Utility Reform Network said in a dissenting statement
that an across-the-board allocation of state power costs would be "clearly
unfair" and cause residential users to subsidize direct-access customers.
Hertzberg said he is considering some of the ideas in the framework
presented by the Isenberg group and may make a proposal in a week or two.
"We are looking at all the possibilities," Hertzberg said. "We are trying to
do some form of direct access within the current contract structure." |
********************[ A D V E R T I S E M E N T ]****************
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SIVY ON STOCKS from money.com
December 11, 2000
Bad news bulls
The news may be rotten for semiconductor stocks, but investors are betting
on a rebound for leaders like Intel.
By Michael Sivy
Over the past few months, I've been warning readers that the technology
sector remains in a broad downtrend that could last well into next year.
Nonetheless, when tech stocks have been beaten down badly enough, shares of
the strongest companies can rebound even in the face of continuing bad
news, provided their long-term prospects are good enough.
Exactly that sort of bad-news rebound has occurred for Applied Materials,
the leading maker of semiconductor manufacturing equipment. Last week I
wrote that the battered stock would remain volatile and could face a
further decline of 10 percent to 15 percent. But I concluded that the
shares were so cheap at $38.50 that the upside was 10 times as great as the
downside. That proved true a lot faster than I expected. In the five
trading days since that column ran, the stock has jumped 32 percent to
nearly $51 a share.
Admittedly, my good timing was largely luck, but the power of Applied
Materials' comeback is a signal that other leading semiconductor stocks
also may have fallen too far. As a rule, if you're considering stocks in
the midst of bad news, it's smartest to stick with industry giants that
have bullet-proof balance sheets. You can be confident that they'll ride
out whatever bad conditions lie ahead, and they may even benefit as smaller
competitors are forced to give up market share.
On that basis, I'd certainly be inclined to look at Intel. Though it's the
world's leading chipmaker, with $34 billion in annual sales, Intel has
spent the year fouling up. Among the more spectacular errors, the company
ran short of capacity because it underestimated demand last year and cut
back capital spending. In addition, glitches were discovered last summer in
Intel's turbocharged Pentium III, and many of the chips had to be recalled.
Frankly, none of those failures will have much long-term impact. Intel
remains the industry's 800-pound gorilla and long-term earnings growth is
projected at more than 20 percent a year. Most analysts see continuing
weakness in the chip market for the next six months, but see the cycle
swinging up by late next year.
In September, Intel warned that third-quarter earnings would be lousy, and
the stock fell by $13 to $48 a share. At the time, I wrote that the stock
was down to buyable levels but that it wouldn't rebound right away. Over
the next three months, Intel sank to less than $32 amid a general selloff
in technology. But after announcing on Friday that fourth-quarter results
would be disappointing because of soft personal-computer sales, Intel
rallied. On Monday, investors followed through by bidding the stock up
another $3.50 to $37.50.
Investors are clearly betting that the worst is over. And with the stock
only about 20 percent above its lows (and 50 percent off its highs), I
think it makes sense to get on board. After revising their 2001 estimates
downward, analysts expect Intel to earn about $1.50 a share next year. At
the current share price, that's a 25 P/E -- cheap for a 20 percent core
growth rate. If Intel is missing from your portfolio, this may well be your
best opportunity for years to come.
=============================
UPCOMING CHAT:
Monday, December 11 at 8pm ET, 5pm PT
Money.com presents Third Avenue Value fund manager Martin Whitman.
Join us for a discussion of how to pick the best value stocks, and
find out why Whitman's fund has received top ratings by Morningstar.com.
http://www.money.com/chat/ AOL keyword: LIVE
CHAT TRANSCRIPT
MONEY's Laura Lallos tells you how to select the best mutual funds
for you, and how to protect your investments in a volatile market.
http://www.money.com/chat/2000/001208a.html
=============================
###
Post your comments on Michael's column at:
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Return-path: <[email protected]>
From: [email protected]
Full-name: LawyerT
Message-ID: <[email protected]>
Date: Thu, 7 Dec 2000 09:06:28 EST
Subject: Fwd: bring out the kleenex
To: [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected]
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X-Mailer: Windows AOL sub 126
Return-path: <[email protected]>
From: [email protected]
Full-name: TrailSugar
Message-ID: <[email protected]>
Date: Thu, 7 Dec 2000 07:10:27 EST
Subject: Fwd: bring out the kleenex
To: [email protected]
MIME-Version: 1.0
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Hope that you are feeling better. I love you. Just thinking of all the
good thing you have done for various people. God bless.
Return-path: <[email protected]>
From: [email protected]
Full-name: SheilaT549
Message-ID: <[email protected]>
Date: Wed, 6 Dec 2000 21:37:33 EST
Subject: Fwd: bring out the kleenex again
To: [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected], [email protected]
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From: [email protected]
Full-name: LRSONS
Message-ID: <[email protected]>
Date: Wed, 6 Dec 2000 09:42:03 EST
Subject: bring out the kleenex again
To: [email protected], [email protected], [email protected]., [email protected],
[email protected], [email protected]., [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected], [email protected],
[email protected]
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-------I walked into the grocery store not ?particularly interested
in
buying
groceries. ?I ?wasn't hungry. ?The pain of losing my husband of 37 years
was
still too raw. ?And this ?grocery store held so many sweet memories.
?Rudy often came with me and almost every time he'd ?pretend to go off
and
look ??for something special. ?I knew what he was up to. ?I'd always spot
him ?walking down the aisle with ??the three yellow roses in his hands.
Rudy
knew I ?loved yellow roses. ?With ?a ??heart filled with grief, I ?only
wanted to buy my ?few items and leave, but ?even grocery shopping
was ?different since Rudy had passed on. ?Shopping for one took time, a
little ?more thought than it had ?for two.
Standing by the meat, I searched for the perfect small steak and
remembered
how Rudy had loved his steak.
Suddenly a woman came beside me. ?She was blond, slim and lovely in a
soft
green pantsuit. ?I watched as she picked up a large pack of T-bones,
dropped
them in her basket, hesitated, and then put them back. ?She ?turned to go
and ?once again reached for the pack of steaks.
She saw me watching her and she smiled. ?"My husband loves T-bones, but
honestly, at these prices, I don't know."
I swallowed the emotion down my throat and met her ?pale blue eyes. ?"My
husband passed away eight days ago," I told her. ?Glancing at the package
in
her hands, I fought to control the tremble in my voice. ?"Buy him the
steaks. ??And cherish every moment you have together."
She shook her head and I saw the emotion in her eyes as she placed the
package in her basket and wheeled away.
I turned and pushed my cart across the length of ?the store to the dairy
products. ?There I stood, trying to decide which ?size milk I should buy.
A
quart, I finally decided and moved on to the ice cream section near ?the
front ?of the store. ?If nothing else, I could always fix myself an ?ice
cream cone.
I placed the ice cream in my cart and looked down ?the aisle toward the
front.
I saw first the green suit, then recognized the ?pretty lady coming
towards
?me. ?In her arms she carried a package. ?On her ?face was the
brightest
smile ?I had ever seen. ?I would swear a soft halo encircled her ?blond
hair
as she ?kept walking toward me, her eyes holding mine. ?As she ?came
closer,
I saw ??what she held and tears began misting in my eyes.
"These are for you," she said and placed three ?beautiful long stemmed
yellow ?roses in my arms. ?"When you go through the line, ?they will know
these are ??paid for." She leaned over and placed a gentle ?kiss on my
cheek, then smiled ?again.
I wanted to tell her what she'd done, what the ?roses meant, but still
unable ?to speak, I watched as she walked away as tears clouded my
vision.
I
looked ?down at the beautiful roses nestled in the green ?tissue
wrapping
and found ?it ??almost unreal. ?How did she know? ?Suddenly the ?answer
seemed so clear. ?I ?wasn't alone.
?"Oh, Rudy, you haven't forgotten me, have you? ?I ?whispered, with
tears
in ?my ??eyes. ?He was still with me, and she was his angel.
?Everyday be thankful for what you have and who you ?are. ?Please read
all
of this, it is really nice. This is a simple request. ?If ?you appreciate
life, send this to your friends, ?including the person that ?sent it to
you.
Even though I clutch my blanket and growl when the ?alarm ?rings,thank
you,
Lord, that I can hear. ?There are many who are deaf. ?Even though I keep
my
eyes closed against ?the ?morning light as long as ?possible, thank you,
Lord, that I can see. ?Many are blind.
?Even though I huddle in my bed and put off rising, ?thank you, Lord,
that
I ??have the strength to rise. ??There are many who are bedridden.
?Even though the first hour of my day is hectic, when socks are lost,
toast
is ??burned and tempers are short, my children are so ?loud, thank ?you,
Lord, for ?my family. ?There are many who are lonely. ?Even though our
breakfast table never looks like ?the pictures in ?magazines ??and the
menu
is at times unbalanced, thank ?you,Lord, for the ?food we have. ??There
are
many who are hungry. ?Even though the routine of ?my job often is
monotonous, thank you, Lord, for ?the opportunity to ?work. ?There are
many
who have no job. ??Even though I grumble and bemoan ?my fate from day ?to
day
and wish my ??circumstances were not so modest, ?thank you, Lord, ?for
life.
Pass this on to the friends you know, it ?might ?help a bit to make this
world ?a better place to live, right?
PASS IT ON....
See ya later,
Debbie J Sons ?Click here for info on how to make money on the internet
[email protected] |
I think they will struggle to get the 175 MM/d. Have you heard anybody else contemplating taking space on Western Frontier?
-----Original Message-----
From: Miller, Paul
Sent: Monday, October 29, 2001 5:15 PM
To: Whitt, Mark
Subject: RE: WESTERN FRONTIER PROJECT
Thanks for the information. I am a little surprised by Marathon.
-----Original Message-----
From: Whitt, Mark
Sent: Monday, October 29, 2001 9:15 AM
To: Bump, Dan J.; Harrison, Tyrell; Lucci, Paul T.; Miller, Paul
Cc: Grigsby, Mike; South, Steven P.; Ermis, Frank; Tycholiz, Barry; Reitmeyer, Jay; Fuller, Dave
Subject: FW: WESTERN FRONTIER PROJECT
-----Original Message-----
From: Miller, Stephanie
Sent: Monday, October 29, 2001 7:54 AM
To: Whitt, Mark
Subject: FW: WESTERN FRONTIER PROJECT
FYI - WE'RE CHECKING ON ENTERGY
-----Original Message-----
From: Calcagno, Suzanne
Sent: Monday, October 29, 2001 7:53 AM
To: Kinsey, Lisa; Sullivan, Patti; Schrab, Mark L.; Miller, Stephanie; Superty, Robert
Subject: WESTERN FRONTIER PROJECT
WILLIAMS PUTS MEAT ON THE BONES OF WESTERN FRONTIER PROJECT DESIGN
Touting a need for more pipeline capacity linking the "prolific" supply basins of the central Rockies and increasingly hungry Mid-Continent markets, The Williams Cos. Inc. last week took the next step by filing for authorization to build and operate the Western Frontier project.
The sponsor has in hand four negotiated-rate deals for long-term service covering roughly two-thirds of the 540,000 Dt/day of project design capacity, it told FERC in an Oct. 24 certificate application (CP02-11). Williams wants to have the $366 million project up and running by Nov. 1, 2003; it asked the commission to issue a final certificate by Dec. 11, 2002, so that it can commence construction by the following April.
Williams unveiled initial plans for Western Frontier early last summer (IF, 9 July, 14) and held an open season in June and July. To carry gas from the Power River, Big Horn, Wind River and Green River basins- estimated to hold 173 Tcf of potential and recoverable reserves - the new 30-inch-diameter mainline would run 398 miles, starting at the Cheyenne Hub and ending at an interconnection with the system of affiliate Williams Gas Pipelines Central Inc. in Beaver County, Okla. Characterizing the Cheyenne Hub as "a liquid point of supply," Williams asserted that "presently, supply capability to the hub has outpaced transportation capacity away from the hub to market areas due to insufficient pipeline infrastructure."
Along the way, the Western Frontier mainline would make another interconnection with Williams Central as well as with Northern Natural Gas Co., ANR Pipeline Co., Natural Gas Pipeline Co. of America and Panhandle Eastern Pipeline Co., "thus providing multiple avenues for gas produced in the central Rockies to be transported throughout the Mid-Continent using the existing pipeline grid."
To "further enhance its supply options," the sponsor wants to build a 9.7-mile lateral from the mainline to the Wattenberg gas processing plant east of Denver to tap the Denver-Julesberg basin. Rounding out the project design are two new compressor stations, the 10,000-horsepower Chalk Bluff station to be constructed at the Cheyenne Hub and the 20,000-hp Denver station to be built in Adams County, Colo. Following the open season, Williams hammered out precedent agreements with Marathon Oil Co. (75,000 Dt/day), Williams Energy Marketing and Trading Co. (200,000 Dt/day), Utilicorp United Inc. (15,000 Dt/day) and Entergy Power Generation Corp. (75,000 Dt/day). The initial term for the deals is 10 years, except for Marathon which committed to a five-year term with an option to extend it an additional two years, said the application.
"Other shippers have expressed serious interest for the remaining capacity on Western Frontier, and active negotiations are moving forward with these potential shippers," said the application, adding that Williams was "confident . . . that the remaining capacity will be committed in the upcoming months." With the addition of compression, the project could "facilitate relatively inexpensive expansions to accommodate future market growth," the sponsor told FERC. And that may well be necessary, it continued, pointing to "stagnant to declining supply" in the Mid-Continent basins coupled with "projected demand increases." As in many areas of the country, "much of the anticipated demand increase is attributed to installation and operation of . . . gas-fired electrical generation," it said. The 11,439 Mw of "active winter generating capacity" in the combined service areas of Western Frontier and Williams Central is expected to more than double by 2004, said Williams.
The application seeks negotiated rate authority for the project operator, Western Frontier Pipeline Co. LLC, and approval of initial recourse rates. The maximum daily reservation rate under schedule FTS would be 35?/Dt for contract demand in Zone 1 and 79.4?/Dt in Zone 2. Under the negotiated deals reached with the four "anchor" shippers, Utilicorp and Entergy would pay a combined reservation and commodity rate of 25?/Dt at a 100% load factor for Zone 1 service to the Williams Central Hugoton station in Kansas, while WEM&T would pay a combined rate of 30?/Dt for Zone 2 transportation to the Williams Central system in Oklahoma and Marathon would pay 32?/Dt under the shorter contract for Zone 2 service to interconnects with ANR, Panhandle and Williams Central in
Oklahoma. All transportation would originate at the Cheyenne Hub. |
Saudi, I thought you would be interested in this. It appears that this scam, which, as you know, we have seen in many letters through the years, has made its way onto the net. I have advised Joannie that she should not respond to this request. All the best. Jim
-----Original Message-----
From: Williamson, Joannie
Sent: Wednesday, March 21, 2001 7:24 AM
To: Derrick Jr., James
Subject: URGENT RESPONSE REQUIRED
Thought you should see this.
Thanks,
Joannie
---------------------- Forwarded by Joannie Williamson/Corp/Enron on 03/21/2001 07:18 AM ---------------------------
rasheed mohammed <[email protected]> on 03/20/2001 04:32:24 PM
To: [email protected]
cc:
Subject: URGENT RESPONSE REQUIRED
.
Dear Friend,
I am Dr Rasheed Mohammed, the newly appointed head of
the Foreign Remittance Department in the Central Bank
of Nigeria (CBN). I got your contact from a business
directory of your country and based on your business
activities and the type of investment I have in mind,
I found you to be the most suitable person for the
transaction stated below.
Before I proceed, I want to strongly advice that you
devoid yourself from the general conception you have
about Nigerians. I would like you to carefully study
this proposal without bias, since it would be relevant
in our lives.
It is a usual practice in Nigeria for ministers and
high-ranking government officials to divert
government's money into their private accounts; this
is usually done through CBN with the connivance of
senior officials. The ministers and military generals
especially during the era of late general sani Abacha,
achieve this by diverting most of the funds, meant for
the development of their respective agencies and
ministries into the CBN escrow accounts. Usually it is
this same escrow account that holds funds for the
payment of foreign contracts. With the help of the
inside officials, the minister or senior government
officials and military generals would now create
themselves or employ the assistance of a foreign
partner to create them as artificial contractors,
using fiticious documents to remit the deposited money
to the nominated bank account of their foreign
partners. In this case the money is treated as payment
for foreign contract, and there is no trace. This is
how federal government's money is siphoned on a
regular basis, to the extent that most people now
result to letter scams and fraud due to the knowledge
they have about it.
Due to the impromptu removal of my successor from the
central bank, he did not have enough time to perfect
and tidy up the transactions they have in place. So
the funds are now trapped at the central bank escrow
account with no records. I just discovered this in a
bid to fulfill my obligation to submit the state of
our escrow account to the federal government and the
governor of CBN before I commence any foreign payment.
I am conducting a sort of reconciliation of our escrow
account to declare to the government the total amount
that have been spent in the last three years and what
it was spent for. So, in the course of carrying out
the above exercise, I discovered a total sum of
$150MILLION in the escrow account that is unknown to
anyone and with no records. My intention is to reveal
about USD $100M to the federal government so that I
can be in his good books and make arrangement to
transfer the outstanding USD $50M into a safe account
abroad. It is based on this that I am making this
urgent contact with you.
However, I am doing this because of the nature of my
job. I am a civil servant that is poorly paid and more
so, there is no way I can remain in this office
forever. I have children to cater for even when I
retire as the director, which is just next year. So, I
need something tangible to fall back on when I retire.
Besides, if I declare the total funds to the
government, it would probably go into the pockets of a
few people that control the government. This is to
enlighten you on the degree of corruption in Nigeria.
So, do not blame me for my action because you would do
the same if you were in my shoes, knowing fully well
that there will be no compensation even if you
disclose everything to the government.
Well, I have discovered that I can transfer this money
if we could quickly create you as an artificial
contractor, by using your company document and Bank
account to receive the money, in the same way my
successor transferred theirs. The only difference is
that the final payment is going to be made to your
named company through any of our correspondent payment
center in Europe or America, due to the policies
adopted by the new democratic government.
The entire process is not easy, but it is achievable
due to my position in the foreign remittance
department of the CBN, and the relationship I have
with the present director of external payment and
finance of the federal ministry of finance.
The entire operation will be between the three of us:
(I) I shall take care of all documentation, (ii) My
friend in the federal ministry of finance will take
care of all lobbying and use of influence to get all
documentation, (iii) You shall take care of the
banking arrangements, provide the needed invoices to
enable us apply for claims and approvals and travel as
the beneficiary to receive the funds from the payment
center you shall be paid from.
After we have succeeded in transferring this funds,
20% shall be retained by you for your assistance, 5%
for the settlement of all debts we might incur in the
course of this transaction and the remaining 75% shall
be for me and my colleague, which we would possibly
invest in into your company or any viable business
venture you suggest.
If you are comfortable with this programme please
revert to me at once via telephone number
234-1-7593507 or fax number 234-1-7590440. Should your
response be positive, I would then instruct on the
next step to take.
Due to security reasons, when you call, do not ask for
any name, simply ask me to reconfirm the telephone
number. Once I reconfirm my number to be
234-1-7593507, you can then mention my name before you
go into any discussion. If I fail to reply correctly,
do not wait for a second trial, just drop the phone
and call back later.
We demand a quick response from you. Any delay might
result in contacting someone else. Irrespective of
what happens, we count on your maturity to keep the
transaction to yourself. So, you are advised to treat
this transaction with utmost confidentiality.
Looking forward to your urgent response.
Yours faithfully,
Dr Rasheed Mohammed
__________________________________________________
Do You Yahoo!?
Get email at your own domain with Yahoo! Mail.
http://personal.mail.yahoo.com/
<Embedded Picture (Device Independent Bitmap)> |
UB Comment
More on California Deregulation Nightmares
Martin Rosenberg
09/30/2000
Utility Business
Copyright 2000 by Intertec Publishing Corporation, a PRIMEDIA Company. All
rights reserved.
What were California utility regulators and state legislators smoking when
they devised California's so-called "pioneering" stab at electric
deregulation? The flaws in the scheme they came up with are profound. They
are also rather easy to identify.
Simply put, California's deregulation gurus required distribution utilities
to shed their generation and buy power ONLY through the California Power
Exchange and predominantly on a spot basis. Generators had total market
power.
The utilities - and the millions of Californians that they serve - were
captive customers. Whatever price the generators could generate, the
utilities had to pay. They could not use the threat of dropping off the Power
Exchange system if prices got too high.
Second, the utilities were stripped of any of the powerful tools available to
deal with risk.
Doug Kline, spokesman for San Diego Gas & Electric, says his company had a
limited ability to hedge - or protect itself against soaring prices - going
into this summer. It could hedge 10 percent of its power needs up to three
months in advance. "We could go into the block forward market if someone
would accept our proposal," Kline said, but "it's thinly traded."
This is where the California scheme borders on being criminally
irresponsible. Why expose utilities to market risks without providing them
with means of protecting their customers against wild swings in market
prices?
The futures market is complex. But there are some easy patterns to discern.
Electric prices in many parts of the country peak in the summer when consumer
demand for air conditioning peaks. They are lowest in the winter. Generally,
futures prices track these seasonal fluctuations. A few years ago, some wags
observed that New York Mercantile Exchange futures traders who felt snow
falling on their necks going to lunch returned to work and bid up the futures
price of natural gas.
As one trading company official says, "It doesn't take a brain surgeon to
know electricity is going to go up in the summer."
This summer it zoomed to 19.3 cents per kilowatt hour, up from 4.2 cents a
year earlier.
Demand for power is not up sharply this summer and supply is about equal,
compared to last year. "It is difficult to explain a five-fold increase in
prices," Kline says.
San Diego Gas & Electric in the winter time - when electricity futures prices
tend to be low - should be able to buy a futures contract for electricity to
be delivered the following summer. Then, if prices soar, the utility's
exposure would be limited.
In their wisdom, however, California policymakers decided to largely deny
utilities access to the futures market.
Furthermore, the utilities could not buy power outside of the California
Power Exchange.
San Diego tried. "We applied more than six months ago for authority to buy
outside the California Power Exchange, and the California Public Utilities
Commission denied it," Kline says.
The rise of trading Large industries in California can strike a deal with
competitive suppliers. However, major traders have stayed away from smaller
users - and consumers - because the margins are too thin. So consumers are
captive of the utilities that in turn are captive of the California Power
Exchange.
Meanwhile, a robust energy trade has been developing in the rest of the
country. A recent study by the Yankee Group in Boston reports that $70
billion in electricity and natural gas will be traded on electronic energy
commodity exchanges this year, up from $25 billion last year. That's a
healthy hunk of the $225 billion worth of electricity and natural gas sold on
wholesale markets.
"As energy-trading firms migrate to these exchanges, over 90 percent of
wholesale natural gas and electricity will trade across commodity exchanges
within three years...An expanding trading market will result in $450 billion
of energy trading by 2005 - virtually all of it electronically," the Yankee
Group's May study states.
So far, marketers are sitting on the sidelines. Al Butkus, a spokesman for
UtiliCorp United, says, "We don't deal in California," Butkus says. "It's not
an important market to us." That is an indictment of efforts to deregulate
the state. UtiliCorp owns Aquila Energy, which last year was the second
largest wholesaler of power and the third largest wholesaler of natural gas
in North America.
The Federal Energy Regulatory Commission in late August announced it would
investigate developments in the California market. The commission will try to
determine if the market rules need fixing, and whether remedial action must
be taken because rates are unjust.
Stephen Baum, head of San Diego's parent, Sempra Energy, says, "We strongly
believe that FERC's investigation opens the door for substantial reforms of
the state's wholesale electricity market, which is not workably competitive,
and will eliminate the extreme wholesale price spikes that we have
experienced this summer."
While announcing the investigation, as part of a national market review,
James J. Hoecker, commission chairman, said, "We do not find finger-pointing
to be helpful at this juncture."
At some point, however, the following conclusions are likely to be drawn:
- In deregulated markets, suppliers cannot be free to raise prices with
impunity while consumers are naked to the howling winds of competition.
Utilities must be able to hedge their risks.
- If free markets are to work, the benefits of competition must flow to
residential consumers and other small users. It is not sufficient to place an
artificial "cap" on rates - since costs are still incurred that must be
recovered at some later date. There should be a profit incentive for
marketers to court consumers. Factors limiting the emergence of a competitive
consumer market should be identified and eliminated.
- California, as large as it is, is not an island. Utilities in the state
should not be required to buy from the California Power Exchange.
- California regulators, who declined several requests for interviews for
this column, and legislators should apologize to traumatized California
consumers. They should admit they were unequal to the task of devising fair,
workable deregulation policies. |
TODAY'S HEADLINES
The New York Times on the Web
Sunday, May 6, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com
QUOTE OF THE DAY
=========================
"When people started saying personal things about me, about
what I was as a person, I decided it was time to get out."
- JOVAN LAZAREVIC, who quit after working for 18 years as a referee in
basketball, soccer and baseball.
Full Story:
http://www.nytimes.com/2001/05/06/sports/06SPOR.html
NATIONAL
=========================
U.S. Scientists See Big Power Savings From Conservation
http://www.nytimes.com/2001/05/06/national/06CONS.html
New Rules for Soccer Parents: 1) No Yelling. 2) No Hitting
Ref.
http://www.nytimes.com/2001/05/06/sports/06SPOR.html
Segregation Growing Among U.S. Children
http://www.nytimes.com/2001/05/06/national/06DESE.html
Sugar Rules Defy Free-Trade Logic
http://www.nytimes.com/2001/05/06/business/06SUGA.html
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POLITICS
=========================
Cameras Being Turned on Once-Shy C.I.A.
http://www.nytimes.com/2001/05/06/politics/06CIA.html
News Analysis: Bush's Capitol Hill Two-Step
http://www.nytimes.com/2001/05/06/politics/06BUSH.html
In Spanish, Bush Focuses on Working With Mexico
http://www.nytimes.com/2001/05/06/politics/06RADI.html
Report Finds More Diversity at Top Levels in Government
http://www.nytimes.com/2001/05/06/politics/06GOVE.html
INTERNATIONAL
=========================
On a Diplomatic Mission, Pope Arrives in Syria
http://www.nytimes.com/2001/05/06/world/06POPE.html
At Home, Mexico Mistreats Its Migrant Farmhands
http://www.nytimes.com/2001/05/06/world/06MEXI.html
In Israel, Panel Urges Settlement Freeze and an End to
Terror
http://www.nytimes.com/2001/05/06/world/06MIDE.html
Poor Region's Governors in Colombia Unite to Oppose Drug
Plan
http://www.nytimes.com/2001/05/06/world/06COLO.html
BUSINESS
=========================
Sugar Rules Defy Free-Trade Logic
http://www.nytimes.com/2001/05/06/business/06SUGA.html
Questions of Style in Warnaco's Fall
http://www.nytimes.com/2001/05/06/business/06LIND.html
An Executive's Guide to Crystal Gazing in a Shaky Economy
http://www.nytimes.com/2001/05/06/business/06INDI.html
Penny-Pinching Wizardry for Leaner Companies
http://www.nytimes.com/2001/05/06/business/06OLIV.html
TECHNOLOGY
=========================
Reassessing Cisco as a Tech Stalwart
http://www.nytimes.com/2001/05/06/technology/06CISC.html
A Wing, a Prayer and Presto, It's Web TV
http://www.nytimes.com/2001/05/06/technology/06WEBTV.html
Discounts That Come to Travelers Who Wait
http://www.nytimes.com/2001/05/06/technology/06TRAV.html
Layoffs Are Becoming a Spring Break for the Dot-Com
Generation
http://www.nytimes.com/2001/05/05/technology/05DOTC.html
NEW YORK REGION
=========================
Angered by Shooting, 200 March in Irvington
http://www.nytimes.com/2001/05/06/nyregion/06RALL.html
Molecular Biologist Becomes First Woman to Lead Princeton
http://www.nytimes.com/2001/05/06/nyregion/06PRIN.html
For Chinese, Bliss Is Eternity in a Suburban Grave
http://www.nytimes.com/2001/05/06/nyregion/06GRAV.html
The Latino Candidate: Yours, Mine or Ours?
http://www.nytimes.com/2001/05/06/nyregion/06LATI.html
SPORTS
=========================
Monarchos Leaves Derby Field in the Dust
http://www.nytimes.com/2001/05/06/sports/06RACI.html
Once Again, Favorite Flunks the Derby
http://www.nytimes.com/2001/05/06/sports/06VECS-LATE.html
Collision in Crease Puts Devils on Brink
http://www.nytimes.com/2001/05/06/sports/06DEVI.html
A Policeman Who Turned Into a Hit Man
http://www.nytimes.com/2001/05/06/sports/06ANDE.html
ARTS
=========================
Jane Fonda: An Unscripted Life Starring Herself
http://www.nytimes.com/2001/05/06/arts/06KENN.html
Ravinia Festival: Where the Trains Have a Voice in the
Concerts
http://www.nytimes.com/2001/05/06/arts/06OEST.html
Orff's Musical and Moral Failings
http://www.nytimes.com/2001/05/06/arts/06TARU.html
Dancing Like a Bird, Like a Whale, Like the Wind
http://www.nytimes.com/2001/05/06/arts/06SCHE.html
OP-ED COLUMNISTS
=========================
By MAUREEN DOWD: Mexico Likes Us!
Why, only three months in, is America roiled by all these
bristly spats around the globe?
http://www.nytimes.com/2001/05/06/opinion/06DOWD.html
By PAUL KRUGMAN: More Missing Pages
How can Congress pass a budget resolution without factoring
in the cost of a missile defense system, military buildup
and expanded Medicare coverage?
http://www.nytimes.com/2001/05/06/opinion/06KRUG.html
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