text
stringlengths 5.5k
7.5k
|
|---|
Dan Douglass summarized this. This really puts CA and the ISO on notice that
they cannot confiscate the power as they seem ready to do -- FERC reiterates
that the generators can sell power wherever they want because the cap is a
cap on ISO purchases. ANd if the ISO want to set a sale price cap it has to
file with FERC, wait 60 days and amend its contract
---------------------- Forwarded by Susan J Mara/SFO/EES on 08/01/2000 01:01
AM ---------------------------
"Daniel Douglass" <[email protected]> on 07/31/2000 07:27:24 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]>
cc:
Subject: FERC Order on Morgan Stanley Complaint Against ISO
We have good news on the ISO price caps front. The FERC has made it
clear that ISO does not have the ability to mandate that generators sell to
ISO at its price caps and that the proper response to inadequate supply is to
lift the price caps.
On Friday, the FERC issued its Order on Complaint in connection with the July
10 complaint filed by Morgan Stanley Capital Group Inc. ("MS"). As you may
recall, MS requested FERC to issue a stay of the ISO's maximum purchase price
authority and to direct the ISO to reverse any price cap reductions. MS
sought Fast Track processing pursuant to Rule 206(h), which was granted by
FERC on the grounds that the complaint "warrants expeditious action."
As a quick background summary for you, last November, FERC issued an order
approving Tariff Amendment 21 which extended ISO's price cap authority
through 11/15/00. That order stated that the ISO "maximum purchase price was
not a cap on what the seller may charge the ISO, but a cap on what the ISO
was willing to pay." The Commission said that sellers dissatisfied with the
price cap could "choose to sell those services into the California Power
Exchange or bilateral markets."
FERC notes in Friday's Order that the 6/28 the ISO's Board resolution lowered
the caps to $500 and ISO further directed that, "To the extent permitted by
law, regulation and pre-existing contract, Management shall direct generators
to bid in all their capacity when system load exceeds 38,000 MW."
The MS complaint alleged that the cap reduction was unlawful and would,
"threaten the stability and integroty of the marketplace." MS also requested
an emergency technical conference to examine ISO's justification for the
price cap reduction.
FERC denied the MS stay request, as well as its request that the $750 maximum
purchase price be reinstated. The Commission reiterates that it is not
approving a cap on sellers' prices, because they can sell at whatever price
they want. Rather ISO has simply stated the maximum price it is willing to
pay. "Because sellers are not required to sell to the ISO, the ISO cannot
dictate their price."
Importantly, however, FERC also states that, "ISO has no more or less ability
to procure capacity and energy than any other buyer of these services....if
the ISO is unable to elicit sufficient supplies at or below its announced
purchase price ceiling (because generators are free to sell elsewhere if they
choose), it will have to raise its purchase price to the level necessary to
meet its needs." [Emphasis added] FERC then notes that this may lead to an
increase in Out of Market ("OOM") calls and that OOM calls are not subject to
a maximum purchase price.
Also, with regard to the ISO's resolution stating that generators must bid
their capacity into the ISO markets when system load exceeds 38,000 MW, FERC
states clearly that, "such a requirement is not permitted by our November 12
Order and the ISO tariff." [Emphasis added]
FERC goes on to say that any requirement to sell to ISO in conjunction with a
maximum purchase price would require significant revisions to ISO's market
rules, which could not be made effective without a corresponding amendment to
ISO's tariff. This would require 60 days' advance notice, "and could not be
implemented prior to Commission approval. As stated above, our November 12
Order was clearly based on the premise that the proper response to inadequate
supply (due to a low maximum purchase price) is to raise the maximum purchase
price."
ISO is then "put on notice that any amendment to mandate sales must be
accompanied by a demonstration that this extreme measure is the proper
response to low supplies in the ISO markets."
Concurrences were filed by Commissioners Massey and Hebert. Massey suggests
that the state has to facilitate solutions to market issues, such as risk
management tools, removing constraints on hedging opportunities, introducing
real time pricing through real time metering and expediting approval of new
generation and transmission projects in California. Hebert says that the
previous November Order tried to "straddle the fence" and that, "Today, the
Commission at least starts to lean slightly in the right direction of
recognizing that we have a role." He then reiterates his preference for
removing all price caps. He also suggests that, "Getting to the bottom of
the problem, in my view, requires us to begin a proceeding to rescind our
approval of the ISO as operator of the California grid. The record supports
such a move." He refers approvingly to the Collins resignation letter,
stating that it, "thoughtfully outlines consequences to the market of a
return to 'command and control.' " Hebert states that, "The independence of
the ISO's governing structure stands threatened. We should 'stand up,' to
quote the resignation letter." Hebert advocates opening a section 206
proceeding now, as part of the recently announced inquiry into bulk power
markets, "including the California markets."
This decision makes it clear that ISO cannot lower the caps at tomorrow's
meeting and expect that sellers will be required to sell to it at that
price. This is an important development and very good news in our ongoing
efforts to seek economic sanity at the ISO.
Please call if you have any questions.
Dan |
I show five fixed for float swaps done for September Production. The deal
numbers and prices follow:
Deal # Vol Swap Px Resulting Customer Px
ES5823.20 5,000/d $2.21 $2.10
ES5823.21 5,000/d $2.21 $2.10
ES5823.30 10,000/d $2.7475 $2.5975
EW2883.1 10,000/d $2.265 $2.155
EW5406.1 5,000/d $2.35
$2.15
Let me know if this clears everything up.
Eric
x3-0977
Enron North America Corp.
From: Melissa Graves 01/26/2000 11:17 AM
To: Eric Bass/HOU/ECT@ECT
cc: Stephanie Gomes/HOU/ECT@ECT, Julie Meyers/HOU/ECT@ECT
Subject: Re: Cabot Oil & Gas Marketing Corp. - 9/99 production - price
Eric,
Can you please help per Stephanie's note below. The audit record shows that
you changed the tiered pricing on this Cabot deal for 9/99. Both Stephanie
and myself thought that Cabot and HPL were in agreement on these prices for
September. Can you provide insight into why the tiers were changed for this
month?
Thank you,
Melissa
---------------------- Forwarded by Melissa Graves/HOU/ECT on 01/26/2000
11:14 AM ---------------------------
From: Stephanie Gomes 01/26/2000 10:43 AM
To: Melissa Graves/HOU/ECT@ECT
cc:
Subject: Re: Cabot Oil & Gas Marketing Corp. - 9/99 production - price
Melissa,
Someone has changed one of the price tiers on Cabot for 9/99 production. Due
to the price change, it is now showing that I need to take a credit of $
52,996.72 from Cabot. Is this correct or not???? I thought we had figured
the pricing out for 9/99 and Cabot had also agreed. Please let me know if
the price change is correct or not, and if I need to take this credit from
Cabot. See below the change that was made in Sitara and I am also showing
what we paid versus what is now showing up in the system.
Original payment ( per your email below )
0 - 10,000 $2.1000
10,001 - 20,000 $2.1550
20,001 - 30,000 $2.5975
30,001 + $2.7100
Change that has been made in system
0 - 10,000 $2.1000
10,001 - 20,000 $2.1550
20,001 - 30,000 $2.5975
30,001 - 35,000 $2.1500
35,001 - 50,000 $2.7100
Enron North America Corp.
From: Melissa Graves 11/01/99 02:28 PM
To: Shawna Flynn/HOU/ECT@ECT, Stephanie Gomes/HOU/ECT@ECT
cc: Jill T Zivley/HOU/ECT@ECT, Janelle Scheuer/HOU/ECT@ECT
Subject: Cabot Oil & Gas Marketing Corp. - Amendment and Confirmations to
Contract dated 12/1/98
Shawna,
Per my voice mail, please add the following confirmations in addition to the
items you are sending to Cabot:
Period of Delivery: September 1999
Price: $2.7475
Flexible Pricing Volume: 10,000/d
Date Agreed: 8/9/99
Period of Delivery: November 1999
Price: $2.925
Flexible Pricing Volume: 5,000/d
Date Agreed: 10/13/99
Period of Delivery: November 1999
Price: $2.9325
Flexible Pricing Volume: 10,000/d
Date Agreed: 10/13/99
Period of Delivery: November 1999
Price: $2.935
Flexible Pricing Volume: 10,000/d
Date Agreed: 10/20/99
Stephanie,
Below, please find the revised pricing matrix. Please adjust Sitara and pay
Cabot accordingly:
SEPTEMBER:
0 - 10,000 HSC fixed at $2.21 $2.21-$0.11= $2.10 Have deal ticket
10,001 - 20,000 HSC fixed at $2.10 $2.265-$0.11= $2.155 Per deal ticket,
requested copy
20,001 - 30,000 HSC fixed at $2.7475 $2.7475-$0.15= $2.5975 Per deal ticket,
requested copy
30,001+ $2.91-$0.20= $2.71 Per original contract
NOVEMBER:
0 - 5,000 HSC fixed at $2.925 $2.925-$0.11= $2.815 Per deal ticket,
requested copy
5,001 - 15,000 HSC fixed at $2.9325 $2.9325-$0.11= $2.8225 Per deal ticket,
requested copy
15,001 - 20,000 HSC fixed at $2.935 $2.935-$0.11= $2.825 Per deal ticket,
requested copy
20,001 - 25,000 HSC fixed at $2.935 $2.935-$0.15= $2.785 Per deal ticket,
requested copy
25,001 - 30,000 $HSC -$0.15= $PRICE Per original contract
30,001+ $HSC-$0.20= $PRICE Per original contract
Thank you,
Melissa Graves
X39173
---------------------- Forwarded by Melissa Graves/HOU/ECT on 11/01/99 02:15
PM ---------------------------
Enron North America Corp.
From: Melissa Graves 10/18/99 11:16 AM
To: Shawna Flynn/HOU/ECT@ECT, Stephanie Gomes/HOU/ECT@ECT
cc: Jill T Zivley/HOU/ECT@ECT, Janelle Scheuer/HOU/ECT@ECT
Subject: Cabot Oil & Gas Marketing Corp. - Amendment and Confirmations to
Contract dated 12/1/98
Shawna,
Per my voice mail, please send the amendment to the above referenced
contract, to allow for Flexible Pricing transactions. (Jill Zivley has
reviewed and approved the draft amendment.) Please also attach confirmations
with the following details regarding Flexible Pricing deals that have been
done with Cabot Oil & Gas Marketing Corp.:
Period of Delivery: May 1999
Price: $2.035
Flexible Pricing Volume: 10,000/d
Date Agreed: 3/7/99
Period of Delivery: Jun 1999 - Aug 1999
Price: $2.10
Flexible Pricing Volume: 5,000/d
Date Agreed: 4/8/99
Period of Delivery: Jun 1999 - Aug 1999
Price: $2.05
Flexible Pricing Volume: 5,000/d
Date Agreed: 4/7/99
Period of Delivery: Jun 1999 - Sept 1999
Price: $2.21
Flexible Pricing Volume: 10,000/d
Date Agreed: 5/12/99
Period of Delivery: Sept 1999
Price: $2.265
Flexible Pricing Volume: 10,000/d
Date Agreed: 4/22/99
Period of Delivery: Oct 1999
Price: $2.565
Flexible Pricing Volume: 15,000/d
Date Agreed: 7/26/99
The address for Cabot is:
Cabot Oil & Gas Marketing Corporation
P. O. Box 4544
Houston, Texas 77210
Stephanie,
Below, please find the revised pricing matrix. Please adjust Sitara and pay
Cabot accordingly:
MAY:
0 - 10,000 HSC fixed at $2.035 $2.035-$0.11= $1.925 Have deal ticket
10,001 - 20,000 $2.35 - $0.11= $2.24 Per original contract
20,001 - 30,000 $2.35 - $0.15= $2.20 Per original contract
30,001+ $2.35 - $0.20= $2.15 Per original contract
JUNE AND JULY AND AUGUST (same for both months):
0 - 5,000 HSC fixed at $2.05 $2.05-$0.11= $1.94 Have deal ticket
5,001 - 10,000 HSC fixed at $2.10 $2.10-$0.11= $1.99 Have deal ticket
10,001 - 20,000 HSC fixed at $2.21 $2.21-$0.11= $2.10 Have deal ticket
20,001 - 30,000 $2.24-$0.15= $2.09 June Per original contract
$2.29-$0.15= $2.14 July Per original contract
$2.62-$0.15= $2.47 August Per original contract
30,001+ $2.24-$0.20= $2.04 June Per original contract
$2.29-$0.20= $2.09 July Per original contract
$2.62-$0.20= $2.42 August Per original contract
SEPTEMBER:
0 - 10,000 HSC fixed at $2.21 $2.21-$0.11= $2.10 Have deal ticket
10,001 - 20,000 HSC fixed at $2.10 $2.265-$0.11= $2.155 Per deal ticket,
requested copy
20,001 - 30,000 $2.91-$0.15= $2.76 Per original contract
30,001+ $2.91-$0.20= $2.71 Per original contract
OCTOBER:
0 - 15,000 HSC fixed at $2.565 $2.565-$0.11= $2.455 Per deal ticket,
requested copy
15,001 - 20,000 $2.54-$0.11= $2.43 Per original contract
20,001 - 30,000 $2.54-$0.15= $2.39 Per original contract
30,001+ $2.54-$0.20= $2.34 Per original contract
Thank you,
Melissa Graves
X39173 |
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 >> |
I'm circulating some language for the ABB transformer purchase agreement.
Please let me know if you have any problem with the language.
The buy back language is new. The assignment language is intended to address
some concerns raised by ABB - the changes are marked in red.
Buy back option. (5.4.3)
At Purchaser,s option, Seller will arrange for storage of the Unit or Units
to be stored for up to one year following the successful conclusion of
factory testing. Purchaser shall pay the Purchase Amount in full, and will
pay the actual storage charges, billed quarterly during the year the Unit or
Units are stored. Title and risk of loss shall be with Purchaser during this
storage period. Purchaser shall have the right (but not the obligation) to
sell the Unit(s) back to Seller for 30% of Purchase Amount of the Unit(s)
after the end of the one year storage period. Payment will be due 30 days
after receipt of written notification by Purchaser of its intent to exercise
this option. Title and risk of loss shall be with Seller as of the time of
payment.
If Purchaser desires to sell the Unit(s) prior to the expiration of the one
year storage period, Purchaser may request, and Seller agrees to act, as
broker for the re-sale of the Unit(s). The terms of the remarketing agreement
will be subject to mutual agreement.
Changes to assignment language.
22.2 Assignment by Purchaser. This Agreement or any right or obligation
contained herein may be assigned, from time to time, by Purchaser without
Seller,s consent to:
(i) Agent (in the case of an assignment by Purchaser) or an Affiliate of
either WestLB or Agent;
(ii) a joint venture, partnership, limited liability company or other similar
entity in which Agent or any of its Affiliates is a venturer, partner or
participant with no less than a nineteen and one-half percent (19.5%) equity
interest;
(iii) any Lender;
(iv) any Indemnified Party;
(v) any entity for the purposes of financing or sale of the Facility;
(vi) any party (1) for which Agent or any of its Affiliates has agreed to
construct or develop a facility using the Equipment, or (2) to which the
Agent or any of its Affiliates has agreed to convey a power plant project
which it has under development; or
(vii) any contractor or developer (including, without limitation, Enron
Engineering & Construction Company and/or NEPCO) which is retained by Agent
or any of its Affiliates to construct or develop a Facility using the
Equipment.
In the case of an assignment to a party described in (ii), (vi), or (vii)
(other than Enron Engineering & Construction or NEPCO), Seller shall be
entitled to request and receive an appropriate guaranty, letter of credit,
payment bond or other reasonable form of payment security, in amount not to
exceed the amount of the Purchase Amount remaining to be paid at the time of
the assignment, unless the assignor agrees to remain liable for all future
liabilities under this Agreement. A letter of guaranty, letter of credit, or
payment bond provided by an entity rated BBB+ or better shall be deemed to be
an appropriate form of security for the purpose of this provision.
Except for (i) through (vii) above, this Agreement may not be assigned by
Purchaser to other parties without the prior written consent of Seller which
shall not be unreasonably withheld, conditioned or delayed. Seller agrees to
respond to any request for consent within thirty (30) Days following its
receipt of such request. Any failure to respond within the foregoing time
period shall be deemed to be a grant by Seller of its consent to the proposed
assignment. In determining whether Purchaser shall be permitted to assign
this Agreement, Seller shall only be deemed to be reasonable in withholding
its consent if the proposed assignee does not have substantially the same or
better credit quality than Agent unless (a) the proposed assignee provides
appropriate guaranties, letters of credit or other assurances of payment
issued by an entity or person with substantially the same or better credit
quality than Agent, or (b) the assignor agrees to remain liable for all
future liability under this Agreement. Purchaser shall have the right to
assign or pledge, from time to time, all or any portion of its right, title
and interest in, to and under the Agreement as collateral for financing of
any Facility without Seller,s consent.
When duly assigned in accordance with the foregoing (including, following any
collateral assignment, upon foreclosure by any collateral assignee) (i) this
Agreement shall be binding upon and shall inure to the benefit of the
assignee (and all rights hereunder, including, without limitation, any and
all warranty rights, shall be assigned to the assignee as if such assignee
were an original party hereto), and (ii) the assignor shall be irrevocably
relieved and forever discharged of all liability under this Agreement so long
as the assignee executes an assumption of such liabilities. Any other
assignment by Purchaser shall be void and without force or effect.
Notwithstanding the generality of the foregoing, in connection with any
assignment permitted under this Section 22.2 to any assignee, the Purchaser
shall have the right, from time to time by Notice to Seller and without
Seller,s consent, to (i) designate such assignee to be the successor of
WestLB hereunder, (ii) designate such assignee to be the successor of
&Agent8 hereunder, (iii) designate such assignee as a sub-agent of the Agent
hereunder, and (iv) designate that such assignee has succeeded to all of the
rights and obligations of both WestLB and Agent, whereupon (notwithstanding
the first WHEREAS clause hereof, but subject to any subsequent appointment of
an &Agent8 hereunder) each reference to &Purchaser8 hereunder shall be deemed
a reference to such assignee acting in its individual capacity and each
reference to an &Agent8 herein shall be deemed deleted.
Upon any permitted assignment of the rights under this Agreement to acquire a
Unit or Units, and the assumption (in accordance with the terms hereof) of
the obligations related thereto, Seller shall enter into a separate purchase
agreement with the permitted assignee (each, a &Facility Agreement8). The
terms of each Facility Agreement will be in strict conformity with the terms
and conditions of this Agreement, except for site specific changes as agreed
by the Seller and such assignee. In no way shall the Facility Agreement
increase the liability or responsibility of Seller, Purchaser, or Agent under
this Agreement.
The parties further agree that the provisions of this Agreement relating to
assignment will only control the assignment of Purchaser,s or Agent,s rights
and obligations under this agreement prior to Acceptance of the Unit to be
assigned. Following Acceptance, Purchaser or Agent shall be permitted,
without Seller,s consent, to: (i) assign its rights under this Agreement,
(ii) convey any ownership interest that it may have in the Facility and/or
(iii) convey any ownership interest that it may have in the entity which may
own the Facility. |
---------------------- 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 Jeff Dasovich/NA/Enron on 05/15/2001 10:51 AM -----
[email protected]
05/15/2001 07:34 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: Re: Summary of Today's Call/Agenda for Tomorrow's Call
Jeff,
Sorry I was unable to make the call yesterday. Thanks for the summary. My
comments and questions are indicated below.
Please fax a copy of Plan B to be at 713 767 6677.
You suggest starting the "process" in Sacramento next week. I'm not
sure exactly what this means. Are we saying we will have a proposal
or that we will be advocating a process/forum to get all the right
parties at the table?
Did we set a time for the next call on Friday?
With regard to the Issues list, here are a few extra items:
need to make clear that real price signals should be sent to all
sectors (not just those that wouldn't vote for Davis anyway) as
soon as possible
I cannot imagine a situation in which the IOUs are returned to
financial stability within 3-6 months; my guess is that it will
be at least a year
if IOUs are returned to the procurement role, we need to make
sure that they have the appropriate risk management tools
(ability to enter forward contracts, options, etc.)
if IOUs are returned to the procurement role, we also need to
have assurances that the situation we have today won't happen
again; for example, if the state assigns the CDWR contracts to
the IOUs and three years from now the market price is less than
the contract price, what assurances does anyone have that the PUC
will not try to make the IOUs absorb the difference
If we want to go to a core/non-core approach, why do we need to
wait 18-24 months; it seems to me that we could start that
process now
As for legal claims and investigations, we need to make clear
that we want to resolve all state and federal claims; the civil
claims present a different set of challenges for resolution
as for discounts on receivables, I'm not ready to commit one way
or another; however, if there are discounts they must apply to
all market participants - not just the ones that Davis can get to
the table.
Lynn
[email protected] on 05/14/2001 08:47:31 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]
cc: [email protected]
Subject: Summary of Today's Call/Agenda for Tomorrow's Call
Greetings:
n order to keep everyone in the loop, the folks on today's call wanted to
send out a brief summary of the call for the benefit of those who couldn't
make it. Apologies for any omissions, inaccuracies, etc. Others who were
on the call please chime in if I've gotten anything wrong, or missed
anything.
Best,
Jeff
SUMMARY
Enron, Duke, El Paso and Williams were on the call, as was Michael
Hoffman of the Blackstone Group (the Governor's financial advisors).
On the subject of how the group would organize itself, it was agreed
that the calls would be open to anyone who wanted to participate.
A smaller group consisting of Duke, El Paso, Enron, and Williams would
take the lead on walking the halls of Sacramento, meeting with policy
makers, and advocating whatever plan the group develops.
Folks agreed that achieving a comprehesive solution requires a tangible
process; that is, the principals need to get in a room, face to face,
for however long it takes to work out a resolution.
It was agreed that the process should start no later than the beginning
of next week, and that it should take place in Sacramento.
It was decided that the Legislature and the Attorney General needed to
be brought into the process as soon as possible, i.e., next week.
There was some discussion regarding the release today of "Plan B." Plan
B is a plan proposed by Democratic and Republican legislators as an
alternative to the MOU that the Governor struck with Edison. After that
call I received a copy of "Plan B." If you'd like a copy please send me
your fax number.
Folks on the call agreed to have the next "supplier-only" call-in
meeting on Friday.
Finally, Michael Hoffman said that they are hoping to have a "ratings
agency level" presentation prepared by the end of the week. The goal of
the presentation is to reassure capital markets that the bonds the state
seeks to issue are solidly backed by retail rates.
The Agenda for Tomorrow's Call with the Governor's Staff
Item #1: The Credit Issue
Michael Hoffman said that the Governor's office wants to start
tomorrow's meeting discussing the creditworthiness issue.
Hoffman said that the Governor's folks are hoping to have completed by
the start of tomorrow's meeting a draft of an agreement between the
California PUC and CDWR. The agreement is designed to ensure that DWR
gets paid for power services delivered.
If the draft is ready, they'd like to discuss on the call tomorrow.
Item #2: Identify the Components of a Comprehensive Solution.
It was agreed that our group should put on the table at tomorrow's
meeting the universe of issues that need to be included in a
comprehensive solution.
Enron was asked to take a first stab at what those components are. The
following is a brief outline, which is not intended to be definitive,
but a starting point for discussion.
Utility creditworthiness
retail rates must reflect costs
Increase supply
streamline and otherwise reform the siting process
Decrease demand
establish real-time pricing
implement demand buy-down and other conservation programs
Create a real market
Remove the State from the power-buying business as soon as possible
(e.g., once new rates are in place and utilities are returned to
creditworthiness; approximately 3-6 months)
Return the procurement role to the utilities
Reinstate Direct Access immediately for all customers
Within 18-24 months, create a "core/noncore" market structure for
electricity, similar to California's market structure for natural
gas
Keep the industry in the hands of the private sector
Reject proposals calling on the State to take over transmission,
generation, etc.
Resolve outstanding legal claims, investigations, etc.
Resolution requires certainty and prompt payment (understanding
that discounts on receivables is on the table for discussion) |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
09:01 AM ---------------------------
"more" <[email protected]> on 02/24/2000 09:25:59 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Fw: Application for open positions within Enron
Dear Mr. Kaminski:
Just wanted to let you know that I have submitted my slightly revised resume
(attached) for the following open positions within Enron. I am seeking an
opportunity to have a job interview with the right individuals. I know you
have been trying to help me. This is a good time for a meeting with someone
within these departments.
1.. Credit Analyst, SPEC SR, Job # 000010220, Dept: Trade Credit: Tony
Vasut
2.. Manager, Job # 0000102374, Dept: ENA Consolidated Reporting: Tony
Vasut
3.. Director, B8828, Dept: Investments/Ventures-Broadband Services
4.. Compliance Manager, Job# 0000102317, Dept: Due Diligence/Asset
Management
I shall, therefore, appreciate your guidance on how I can come in for a job
interview. As you know, I am really interested in working for Enron, hence
request for your help.
Thank you.
Sincerely,
Maruti D. More, CFA
1..
-----Original Message-----
From: more <[email protected]>
To: Vince J Kaminski <[email protected]>
Date: Monday, February 07, 2000 10:18 PM
Subject: Re:Personal
Dear Mr. Kaminski:
Thank you very much for meeting with me again today over lunch. I appreciated
the opportunity to catch up with you.
Please find attached my current resume (both a short and a long version). I
have worked as a trader, portfolio risk manager, and a stock analyst. I have
traded derivatives, bonds, and stocks, and managed insurance and pension
investment portfolios to maximize risk-adjusted returns. Let me highlight
some of my work experiences.
Trading and Risk Management
a.. Structured, negotiated, and traded OTC interests rate swaps,
cross-currency swaps, swaptions, and exchange-traded equity index futures and
options. Made PowerPoint presentations to GARP and the UOH on credit
derivatives.
b.. Developed investment hedging program utilizing exchanged-traded bond
futures and interest rate swaps.
c.. Traded and managed pension and insurance fixed income portfolios to
maximize total return and funding ratios. Bonds traded: Treasuries, Agencies,
MBS/CMOs, ABS, Corporate, Yankees, and Foreign.
d.. Traded and managed stock mutual portfolios for total return.
e.. Created a computer program to quantify the attribution of total
return for fixed income portfolios relative to market returns.
f.. Programmed investment compliance rules to monitor the management of
domestic and global stock, bond and money market mutual funds.
g.. Supervised market risks, credit risks, legal risks, and operations
risks of derivatives, bonds, money market securities, and equities.
Policy , Reporting and Projects
a.. Developed investment policy guidelines to manage fixed income
portfolios.
b.. Rewrote derivatives policy manual.
c.. Prepared a 20-page PowerPoint slide presentation on India for the
senior management.
d.. Prepared and presented investment reports to CIOs, Investment
Committees, and Boards of Trustees
I shall, therefore, appreciate your help in connecting me with the right
individual within Enron for a job interview to work as a financial
trader/risk manager. I can provide excellent references upon request.
Thank you for the lunch.
Sincerely,
Maruti D. More, CFA
713-722-7199
[email protected]
-----Original Message-----
From: Vince J Kaminski <[email protected]>
To: more <[email protected]>
Date: Tuesday, January 25, 2000 12:39 PM
Subject: Re: Fw: Luncheon Meeting: ASAP
Hello,
I shall be traveling this week. I shall be glad to meet
you for lunch next week. Please give me a call Monday
at 713 853 3848.
Vince
"more" <[email protected]> on 01/25/2000 10:27:09 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Fw: Luncheon Meeting: ASAP
Dear Mr. Kaminski:
Just to bring you up to date. I am no longer with American General. I
shall,
therefore, appreciate an opportunity to meet with you for lunch at the
earliest
possible time. I can be reached at 713-722-7199.
Thank you.
Maruti More
713-722-7199
-----Original Message-----
From: more <[email protected]>
To: Vince J Kaminski <[email protected]>
Date: Friday, December 17, 1999 8:55 PM
Subject: Re: Luncheon Meeting
Thank you for your response. I was very happy to hear from you.
I am also taking next week off and will be back to work on December 27th.
Please do call me when you get back. Would very much appreciate the
opportunity
to have a quick lunch with you, if possible. Hope everything is going
well.
Have wonderful Christmas holidays.
Regards
Maruti More
713-831-6209 (O)
-----Original Message-----
From: Vince J Kaminski <[email protected]>
To: more <[email protected]>
Cc: Vince J Kaminski <[email protected]>
Date: Friday, December 17, 1999 3:35 PM
Subject: Re: Luncheon Meeting
Hello,
I shall be taking a few days off around Xmas. I shall call you at the
end of
December
when I get back to the office.
With best holiday wishes,
Vince
"more" <[email protected]> on 12/01/99 09:28:09 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Luncheon Meeting
Dear Mr. Kaminski:
How are you doing? I want to find out if we can meet again for a quick
lunch.
You might know that in Maharashtra, India there is now a new Chief
Minister
(CEO of the State Government). I am proud to say that he and I are
from the
same
town, Latur.
I would really enjoy talking with you again, at your convenience.
I will call you tomorrow to follow up.
Thank you.
Sincerely,
Maruti More
-----Original Message-----
From: Vince J Kaminski <[email protected]>
To: more <[email protected]>
Cc: Vince J Kaminski <[email protected]>; [email protected]
<[email protected]>
Date: Thursday, July 01, 1999 6:16 AM
Subject: Re: Luncheon Meeting
Dear Mr. More,
Let's meet at 11:45 in the lobby of the Enron building.
We can walk to one of the restaurants in the downtown area.
Vince Kaminski
(Embedded Enron Capital & Trade Resources Corp.
image moved
to file: From: "more" <[email protected]>
pic17002.pcx) 06/30/99 10:38 PM
To: Vince J Kaminski/HOU/ECT
cc:
Subject: Luncheon Meeting
Dear Mr. Kaminski:
I am looking forward to our luncheon meeting on this Friday,
July 2,
1999
at
11:30 AM. Please let me know where we should meet. Thank you for
taking
time
out
from your busy schedule.
Sincerely,
Maruti More
Tel.: 713-831-6209
- att1.htm
- [email protected]
- More @home.doc
- Consultant.doc |
Notice No. 01-112
April 2, 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 Platinum (POK1) is
Friday, April 6, 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=(01-112)"
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. |
------------------------------------------------------------------------------------------------------
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 11, 2001 5:00pm through May 14, 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:
Impact: EES
Time: Sat 5/12/2001 at 1:00:00 PM CT thru Sat 5/12/2001 at 5:00:00 PM CT
Sat 5/12/2001 at 11:00:00 AM PT thru Sat 5/12/2001 at 3:00:00 PM PT
Sat 5/12/2001 at 7:00:00 PM London thru Sat 5/12/2001 at 11:00:00 PM London
Outage: Move vlans for EES in Enron Building
Environments Impacted: EES in Enron Building
Purpose: Provide more capacity to the network
Backout: paste in old configs
Contact(s): Gail Kettenbrink 713-853-4524
Michael Huang 713-345-3201
FIELD SERVICES: No Scheduled Outages.
INTERNET: No Scheduled Outages.
MESSAGING: No Scheduled Outages.
MARKET DATA: No Scheduled Outages.
NT: No Scheduled Outages.
OS/2: No Scheduled Outages.
OTHER SYSTEMS:
Impact: Corp, OTS, ETS
DATE: MAY 15, 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: Fri 5/11/2001 at 8:00:00 PM CT thru Sat 5/12/2001 at 10:00:00 PM CT
Fri 5/11/2001 at 6:00:00 PM PT thru Sat 5/12/2001 at 8:00:00 PM PT
Sat 5/12/2001 at 2:00:00 AM London thru Sun 5/13/2001 at 4:00:00 AM London
Outage: CPU replacement on server sennacca.
Environments Impacted: RMS
Purpose: Replace faulty CPU that is offline.
Backout: Restore server to old configuration.
Contact(s): Malcolm Wells 713-345-3716
Impact: CORP
Time: Fri 5/11/2001 at 5:00:00 PM CT thru Fri 5/11/2001 at 5:15:00 PM CT
Fri 5/11/2001 at 3:00:00 PM PT thru Fri 5/11/2001 at 3:15:00 PM PT
Fri 5/11/2001 at 11:00:00 PM London thru Fri 5/11/2001 at 11:15:00 PM London
Outage: Decommission of the following servers: intra, intra-dev, conman1, aserv1, ardent, dbadmin
Environments Impacted: Corp
Purpose: Server no longer used. The servers will be decommissioned or redeployed where necessary.
Backout:
Contact(s): Malcolm Wells 713-345-3716
Impact: CORP
Time: Sat 5/12/2001 at 2:00:00 AM CT thru Sun 5/13/2001 at 5:00:00 PM CT
Sat 5/12/2001 at 12:00:00 AM PT thru Sun 5/13/2001 at 3:00:00 PM PT
Sat 5/12/2001 at 8:00:00 AM London thru Sun 5/13/2001 at 11:00:00 PM London
Outage: Resource and OS upgrade to server fracture.
Environments Impacted: Global company RMS ECM
Purpose: An OS upgrade is needed to provide the disk upgrade solution. Additionanl memory is needed as well.
Backout: Attach the old disk solution and reboot to old configuration.
Contact(s): Malcolm Wells 713-345-3716
Impact: ENA
Time: Sat 5/12/2001 at 10:00:00 PM CT thru Sat 5/12/2001 at 10:15:00 PM CT
Sat 5/12/2001 at 8:00:00 PM PT thru Sat 5/12/2001 at 8:15:00 PM PT
Sun 5/13/2001 at 4:00:00 AM London thru Sun 5/13/2001 at 4:15:00 AM London
Outage: Bounce PWRPROD1 database
Environments Impacted: Enpower User
Purpose: Change some configuration to improve database performance
Backout: Use the old parameter file.
Contact(s): Tantra Invedy 713 853 4304
SITARA: No Scheduled Outages.
SUN/OSS SYSTEM: No Scheduled Outages.
TELEPHONY:
Impact:
Time: Sat 5/12/2001 at 10:00:00 PM CT thru Sun 5/13/2001 at 1:00:00 AM CT
Sat 5/12/2001 at 8:00:00 PM PT thru Sat 5/12/2001 at 11:00:00 PM PT
Sun 5/13/2001 at 4:00:00 AM London thru Sun 5/13/2001 at 7:00:00 AM London
Outage: Quarterly Maintenance - Telephone System
Environments Impacted: All
Purpose: Quarterly maintenance. While voicemail nodes are being serviced (one box at a time), a slight disruption will be experienced.
Messages will continue to be stored but will not be delivered until each node of voicemail is back up and operational.
CMS call center management reporting will not be availalble during this time.
Backout:
Contact(s): Cynthia Siniard 713-853-0558
TERMINAL SERVER: No Scheduled Outages.
UNIFY:
Impact: CORP
Time: Fri 5/11/2001 at 6:00:00 PM CT thru Fri 5/11/2001 at 7:00:00 PM CT
Fri 5/11/2001 at 4:00:00 PM PT thru Fri 5/11/2001 at 5:00:00 PM PT
Sat 5/12/2001 at 12:00:00 AM London thru Sat 5/12/2001 at 1:00:00 AM London
Outage: Memory replacement for server electron.
Environments Impacted: Unify Users
Purpose: Replace faulty memory module.
Backout: Get new memory if necessary
Restart server with out memory as last resort
Contact(s): Malcolm Wells 713-345-3716
-----------------------------------------------------------------------------------------------------------------------------
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 |
I participated in a call with Nancy Vogel, energy reporter from the LA
Times, today and 2 other ARM members, Peter Bray, The New Power Company and
Rick Counihan, Green Mountain. The conversation was mostly to provide
background on retail issues. I emphasized that Peter and Rick were the
spokespeople for the coalition and I was there for background purposes
only. She was very receptive and seemed to grasp the importance of
developing a retail market.
We discussed how AB 1890 was mostly geared toward developing a competitive
wholesale market and provided very little guidance about retail market
structure. We discussed that during the rate freeze, there was no impetus
for consumers to shop, so long as they were insulated from market prices.
We also stated that the transition period was used more for ensuring
stranded cost recovery and not for developing a retail market structure.
We said that we have been raising the lack of retail market structure in
various proceedings at the CPUC. Now that deregulation is center stage in
the administration, and likely the legislature, we feel it is important to
include retail competition as a solution to the problems in the market
today.
There was discussion about the utilities being required to purchase on a
spot basis through the PX and passing those costs directly to consumers.
With the spikes over the summer, consumers in San Diego revolted against
such substantial increases, without notice. Because the retail market was
essentially undeveloped, consumers didn't know they had somewhere else to
go for relief.
Nancy asked why the retail market has not developed.
Rick responded that some of the authors of the legislation either believed
that competition at the wholesale level would provide adequate benefits to
consumers and therefore retail competition was not valuable or that the
rate freeze, insulation from price increases, was an adequate quid pro quo
to utility recovery of stranded costs. Regulators have moved very slowly
on cost separation issues, allowing the utilities to continue to recover
the costs of their retail services through distribution rates from all
customers, make their prices appear to be cheaper. Lastly, neither the
legislature nor the Commission determined what the utilities role in the
new restructured environment would be: are they a pipes/wires company, are
they facilitators for direct access, are they competitors?
We explained that we believe there is a strong reason to define the
utilities obligation to serve residential and small commercial customers
now. Large customers can take care of themselves. Why is this important?
As the utilities enter into contracts, they need clarity on for whom they
have an obligation to purchase. This minimizes any potential for future
stranded cost claims any claims that the utilities could make absent such
direction up front. Secondly, it reduces the utilities ability to charge
an exit fee or other financial claim on departing customers who decide to
go direct access.
The next piece of the puzzle would be to define the default service for
residential and small commercial customers. The utility would provide a
fixed-rate product to small residential and commercial customers for a
transitional period of time. Based upon the San Diego experience, it is
politically imperative that smaller customers have rate certainty. This
also provides a target against which other service providers can compete.
The utility's price is a fixed price with no true-up. The utility would
have purchasing flexibility to meet the target price. The price could be
set by the CPUC. A certain portion of the utility's purchases will still
be met through spot market purchaes. Customer migration, res and small
commercial, should not be an issue.
The last piece of the puzzle would be to encourage competition for the
default provider role, ala PECO, where 20% of the residential customers
went through an auction process. (This issues is important to Shell and
The New Power Company.)
She seemed very interested in the issue, recognized that no one else was
talking about it and she may want to follow up with individuals later.
Getting customer affadavits would be another indicator of value for
developing a retail market that would be helpful for our PR efforts with
ARM and Edelman and for responding to press inquiries.
---------------------- Forwarded by Mona L Petrochko/NA/Enron on 11/27/2000
08:12 PM ---------------------------
"Fairchild, Tracy" <[email protected]> on 11/27/2000 08:10:46 PM
To: "Aaron Thomas (E-mail)" <[email protected]>, "Andrea Weller
(E-mail)" <[email protected]>, "andrew Chau (E-mail)"
<[email protected]>, "Bill Chen (E-mail)" <[email protected]>,
"Douglas Oglesby (E-mail)" <[email protected]>, "Jeffrey Hanson
(E-mail)" <[email protected]>, "jennifer Chamberlin (E-mail)"
<[email protected]>, "john Barthrop (E-mail)"
<[email protected]>, "John Leslie (E-mail)" <[email protected]>,
"Joseph Alamo (E-mail)" <[email protected]>, "Kathleen Magruder
(E-mail)" <[email protected]>, "Marcie Milner (E-mail)"
<[email protected]>, "'Michael Nelson'" <[email protected]>,
"Mona Petrochko (E-mail)" <[email protected]>, "Peter Bray (E-mail)"
<[email protected]>, "Rebecca Schlanert (E-mail)"
<[email protected]>, "Richard Counihan (E-mail)"
<[email protected]>, "Sue Mara (E-mail)"
<[email protected]>
cc: "Beiser, Megan" <[email protected]>, "Allen, Stevan"
<[email protected]>, "Manuel, Erica"
<[email protected]>, "Warner, Jami" <[email protected]>,
"Fairchild, Tracy" <[email protected]>
Subject: FW: Interview w/LA Times/Edelman PR Contact List/Tomorrow Consume
r Advocates Announce Their Energy Plan
I shall try this again--with the attachment this time.
> Hello to the ARM Team,
>
> Peter, Rick and Mona did an excellent job briefing LA Times reporter
Nancy
> Vogel on retail energy markets, ARM and ARM's recommendations for changes
> to the current retail markets. She has just finished what she terms her
> "opus" on dereg and admitted that she has avoided retail up to now and
> said "but the fact that you guys came to see me means I can't do that
> anymore." She was pleased to be the first reporter to be approached by
> the retail side of the industry to explain "our side of the story" and
> will definitely be in touch with ARM folks in the future regarding
> possible stories.
>
> Attached you will find your contact list for the Edelman team. Please
> respond with your cell phone, pager and home phone #s as well as the
names
> of your assistant and his/her phone number, if applicable. We are
> available to you at all times, so please do not hesitate to use the home
> phone numbers that we have provided if you find it necessary.
>
> Heads Up Announcement: California's consumer groups are banding together
> tomorrow for an 11 a.m. Capitol Press conference in Room 1190 to make an
> announcement regarding dereg policy--it is assumed that they will be
> kicking off another initiative-though this has not been confirmed.
>
> <<ARM Contact List.doc>>
> Tracy Fairchild
> Account Supervisor
> Edelman Public Relations Worldwide
> (916) 442-2331
> [email protected]
>
(See attached file: ARM Contact List.doc)
- ARM Contact List.doc |
From OpinionJournal.com (http://opinionjournal.com)
TODAY ON OPINIONJOURNAL
On the Editorial Page
http://www.opinionjournal.com/editorial/?id=95001759
Stephen Ambrose's plagiarism is no indictment of popular history.
12:01 a.m. EST
From the Heartland BY THOMAS J. BRAY
http://www.opinionjournal.com/columnists/tbray/?id=95001758
Greens see red as visitors enjoy white powder in Yellowstone.
12:01 a.m. EST
Citizen of the World BY TUNKU VARADARAJAN
http://www.opinionjournal.com/columnists/tvaradarajan/?id=95001760
A looney-tune lawmaker goes daffy over bugs.
12:01 a.m. EST
FOR WALL STREET JOURNAL ONLINE SUBSCRIBERS
Review & Outlook
A Rich Tax Debate
Ted Kennedy's plans for a tax hike.
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011661259252904360.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
Fabulous Florida
A little sunshine in state pension reform.
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011661444880819360.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
Commentary
Too Gray for Its Own Good
If accounting wasn't so boring, maybe the Enron disaster could've been diverted.
By Baruch Lev
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011663305696657240.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
Don't Indict 'Popular History'
Hollywood didn't make Stephen Ambrose commit plagiarism.
By Mark Lewis
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011660079828915240.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
The 1990s' Boom Went Bust. What's Next?
Could this be a deep recession?
By Milton Friedman
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011663602461321440.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
Global View
Steel's Shakedown Attempt Will Test Bush's Resolve
A bailout would undermine the great proponent of free trade.
By George Melloan
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB101167491631745920.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
Review & Outlook Taste
Arrested Development
Review & Outlook: Myrna Opsahl, murdered by terrorists in 1975, may finally get justice.
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011310728480928600.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
Taste Feature
Meet, Compete
The ordeal of entrance exams -- for 11-year-olds.
By Amy Finnerty
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011311559867843680.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
Fashionable Words, Striking Poses: So Is War . . . Cool?
De Gustibus: The shell shock has worn off, and our humor is returning.
By Tunku Varadarajan
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011312163339066600.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
Houses of Worship
Abuse on Trial
Houses of Worship: An ex-priest faces a jury and the church faces tough questions.
By Charles Molineaux
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011311981693584600.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
International
The EDF Stone Wall
France and the EU are in a showdown over electricity, but we've seen this play before.
Review & Outlook
From The Wall Street Journal Europe
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011653098494351480.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
Time of Reckoning
The Saudi royal family can continue double-dealing only so much longer.
By David Pryce-Jones
From The Wall Street Journal Europe
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011653315576757280.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
Tips for O'Neill
Here's what the U.S. Treasury secretary should tell Japan.
Review & Outlook
From The Asian Wall Street Journal
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011652517687191320.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
Who Rules Japan? Nobody.
Japan's lost decade is the direct result of a political system that demands consensus while discouraging accountability.
By Ron Bevacqua
From The Asian Wall Street Journal
Jan 22 2002
http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1011652691962648160.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour
~~~~~~~
_____
ADVERTISEMENT
A Special Offer from THE WALL STREET JOURNAL ONLINE
Sign up now for your 2-week free trial of The Wall Street Journal Online. Your annual subscription, plus two weeks free, costs $59 or just $29 with proof of your print subscription to any edition of The Wall Street Journal or Barron's. Click here to get started. Then just fill out the form that appears next and read and accept our Subscriber Agreement.
http://www.wsj.com/cgi-bin/wsjgate?source=jopinem&URI=http%3A//www.wsj.com/59standard
_____
From time to time Dow Jones may send you e-mails with information about new features and special offers for selected Dow Jones products. If you do not wish to receive these emails in the future, you may visit http://opinionjournal.com/forms/email_acct.html. You can also unsubscribe at the same link.
You can also review OpinionJournal's privacy policy at http://opinionjournal.com/about/privacy.html
If you have been forwarded this email and wish to subscribe visit http://opinionjournal.com/forms/get_email_page.html.
Copyright 2002 Dow Jones & Company, Inc. All Rights Reserved. |
I apologize, I forgot to tell you earlier today that Jason and his family have not heard of this guy. Like you said he must be in Double Springs
PL
-----Original Message-----
From: "Love, Dianne" <[email protected]>@ENRON
Sent: Monday, October 22, 2001 10:44 AM
To: 'Tammy Irons'
Subject: RE: Estate
I am not familiar with Wyatt Howell, but I have been away from Winston
County for 35 years. I have complete confidence in your recommedation. I
would like to get this over with as soon as possible, so please proceed with
the attorney of your choice.
Dianne Love
-----Original Message-----
From: Tammy Irons [mailto:[email protected]]
Sent: Friday, October 19, 2001 4:09 PM
To: Love, Dianne
Subject: RE: Estate
Dianne
I have not received any information from Jeff Mobley. I have called his
office as recent as today. The petition for removal is ready to sign but I
have got to retain local counsel in Winston County for the purpose of filing
as it will be cheaper than having me drive to Winston County. Are you
familiar with Wyatt Howell or his firm. That is the firm I would like to
associate. Please let me know if this is acceptable to you.
Tammy
-----Original Message-----
From: Love, Dianne [mailto:[email protected]]
Sent: Monday, October 15, 2001 3:03 PM
To: 'Tammy Irons'
Subject: RE: Estate
Just touching base to see where we are with Daddy's estate.
-----Original Message-----
From: Tammy Irons [mailto:[email protected]]
Sent: Tuesday, October 02, 2001 10:18 AM
To: Love, Dianne
Subject: RE: Estate
no response. I have prepared a petition to have your sister removed. I
will get it to you for your review prior to filing same.
-----Original Message-----
From: Love, Dianne [mailto:[email protected]]
Sent: Tuesday, October 02, 2001 10:16 AM
To: 'Tammy Irons'
Subject: RE: Estate
Just touching base to see if you heard from Jeff.
-----Original Message-----
From: Tammy Irons [mailto:[email protected]]
Sent: Wednesday, August 22, 2001 8:57 AM
To: Love, Dianne
Subject: RE: Estate
Legally I cannot contact her since she is represented by an attorney. I
will follow up with Jeff.
-----Original Message-----
From: Love, Dianne [mailto:[email protected]]
Sent: Wednesday, August 22, 2001 9:50 AM
To: 'Tammy Irons'
Subject: RE: Estate
I can also provide you with my sister's contact info if you need it.
-----Original Message-----
From: Tammy Irons [mailto:[email protected]]
Sent: Wednesday, August 22, 2001 8:47 AM
To: Love, Dianne
Subject: RE: Estate
I have heard nothing. I have been out of town for about 12 days and have
just returned today. I thought there might be a response from Jeff but none.
I will follow up.
-----Original Message-----
From: Love, Dianne [mailto:[email protected]]
Sent: Tuesday, August 14, 2001 3:06 PM
To: 'Tammy Irons'
Subject: RE: Estate
Tammy,
I'm just touching base to see if you have heard anything from Jeff.
> -----Original Message-----
> From: Tammy Irons [SMTP:[email protected]]
> Sent: Monday, July 30, 2001 8:26 AM
> To: Love, Dianne
> Subject: RE: Estate
>
> Dianne
>
> The 6 month period that you are talking about is the claims period for
> creditors to file a claim against the estate. You are not filing a claim
> against the estate. Also, you generally have six months to contest the
> will. You are not contesting the will. Your only issue is to make
> certain
> that all assets of the estate are collected and distributed equally to you
> and your sister. There is no six month time limitation on this.
>
> I have written twice and have called. I will let you know as soon as I
> hear
> from him. If we have not heard from him in a few days, we will take other
> steps.
>
> Tammy
>
>
> -----Original Message-----
> From: Love, Dianne [mailto:[email protected]]
> Sent: Monday, July 23, 2001 4:15 PM
> To: 'Tammy Irons'
> Subject: RE: Estate
>
>
> I checked with the probate judge's office in Double Springs and the period
> ends August 2.
>
> > -----Original Message-----
> > From: Tammy Irons [SMTP:[email protected]]
> > Sent: Monday, July 23, 2001 12:41 PM
> > To: Love, Dianne
> > Subject: RE: Estate
> >
> > Dr. Love:
> >
> > Tammy is in D.C. this week. I spoke with her and she advised me that
> she
> > has still heard nothing from Mr. Mobley despite two letters to him. She
> > will check with him when she returns.
> >
> > Amber Hamner, Assistant to Tammy Irons
> >
> >
> > -----Original Message-----
> > From: Love, Dianne [mailto:[email protected]]
> > Sent: Monday, July 23, 2001 1:06 PM
> > To: 'Tammy Irons'
> > Subject: RE: Estate
> >
> >
> > Sent your check today. Have you heard anything from Jeff?
> >
> > > -----Original Message-----
> > > From: Tammy Irons [SMTP:[email protected]]
> > > Sent: Thursday, July 19, 2001 10:28 AM
> > > To: Love, Dianne
> > > Subject: RE: Estate
> > >
> > > no word. I will follow up with a phone call to mobley
> > >
> > > -----Original Message-----
> > > From: Love, Dianne [mailto:[email protected]]
> > > Sent: Thursday, July 19, 2001 10:27 AM
> > > To: 'Tammy Irons'
> > > Subject: RE: Estate
> > >
> > >
> > > Just touching base to see if you have heard from Jeff Mobley. I think
> > > that
> > > the six month for the settling of the estate is the 4th or 5th of
> > August.
> > > They filed the first Friday in February.
> > >
> > > Dianne
> > >
> > > > -----Original Message-----
> > > > From: Tammy Irons [SMTP:[email protected]]
> > > > Sent: Thursday, July 12, 2001 9:27 AM
> > > > To: Love, Dianne
> > > > Subject: RE: Estate
> > > >
> > > > I have changed the letter and it will go out today. I will let you
> > know
> > > > as
> > > > soon as I receive a response.
> > > >
> > > > Tammy
> > > >
> > > >
> > > >
> > > > -----Original Message-----
> > > > From: Love, Dianne [mailto:[email protected]]
> > > > Sent: Tuesday, July 10, 2001 2:14 PM
> > > > To: 'Tammy Irons'
> > > > Subject: RE: Estate
> > > >
> > > >
> > > > Tammy,
> > > >
> > > > The letter looks good. The only changes I have are that my title
> > should
> > > > be
> > > > changed from "Ms" to "Dr." and my father's title should be changed
> > from
> > > > "Mr." to "Dr."
> > > >
> > > > Thanks,
> > > >
> > > > Dianne
> > > >
> > > > > -----Original Message-----
> > > > > From: Tammy Irons [SMTP:[email protected]]
> > > > > Sent: Tuesday, July 10, 2001 8:35 AM
> > > > > To: Love, Dianne
> > > > > Subject: RE: Estate
> > > > >
> > > > > Dianne
> > > > >
> > > > > Attached is a draft of a letter that I thought I would send to Mr.
> > > > Mobley.
> > > > > Please let me know if you want me to go ahead and send same. I
> > > thought
> > > > we
> > > > > would see what they would disclose asset-wise before we approach
> > them
> > > > with
> > > > > the note or any other omitted asset.
> > > > >
> > > > > Tammy << File: ltrMobley7-6-01.wpd >> |
Notice No. 01-58
February 16, 2001
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 March 2001 options contract for Cinergy (NOH1),
Entergy (OTH1), Palo Verde (VOH1) and Cob (WOH1) is Thursday, February 22,
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 trade=s 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 ATO@ your firm and the status of
each transfer.
REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer AFROM@ 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 APPROXIMATE TIME USUAL FAST FACTS(F)
MESSAGES OF MESSAGE EVENT TIME E-MAIL (E)
AVAILABILITY BOTH (B)
Announce Out-of-the 5:45PM 5:45PM F
Money Exercise and In-the-Money
Do Not Exercise Submissions
Announce Final Input to C21 6:30PM 6:45PM E
Cutoff Time
All positions are deemed final 7:30PM 6:45PM F
Announce Exercise/Assignment 8:25PM 8:30PM B
Information Available on the Single
Position Maintenance Windows
All Report Distribution is 11:00PM 11:00PM F
completed
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]&refdo
c=(01-58)"
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. |
Restructuring Today readers got this story today...
Retail market
can be opened
nationally?
---
Joe Barton thinks
it can and is
about to try
---
Once in 20 years
opportunity seen
How can the retail power market be opened in today's atmosphere?
Joe Barton has a way and it sounds like it just might work.
He briefed APPA members winding up the last day of the annual
meeting in Washington. Barton implored the membership that if they
have any ideas on how to improve energy policy, this is the time to tell
policy makers or him.
Barton sees a narrow, six-week opportunity as America is about to
revise its energy policy.
We walked with him to his car after the speech and asked what he
means by a major energy restructuring bill.
He referred vaguely to legislation that would improve the grid and
foster the functioning of a robust market providing for movement of
power from one place to another.
He wants a national market with a grid that can handle it "in an
open access way -- creating all these trading markets where you have
long-term and short-term markets where you balance supply and demand
around the country.
"States that have surplus power, through the RTO system can wheel
that power to states that need it."
That's the wholesale market, we asked.
Yes.
But what about retail?
He hopes to get into the law a provision to foster aggregation of
buyers.
How would that work?
"AARP," Barton said noticing our age, "could sell you power or Wal-
Mart or McDonalds or the co-ops. You could buy your power through
them."
How would a law provide for aggregation?
"It would be in the federal legislation that it would be
permitted," he replied.
But what about Nebraska where there are only munis?
"You've got to work through that and see if you get some kind of
grandfather or state opt-out provision. It's possible that you give
states the right to opt out. But over time those states will want to
opt in," he added.
"That'll be a debate we'll have when we get into the bill. You're
not supposed to ask that tough a question this early in the process," he
reminded with a smile.
Barton is really impressed with the magnitude of the legislation
gestating in the nation's capital.
"Everything" is up for discussion, he said, "everything.
"There is nothing -- nothing -- that's been debated or talked about
in terms of electricity that is not on the table," Barton assured.
"I'm not saying we're going to do it all but you have a window like
this once every 20 to 30 years. I'm going to be damned if I'm going to
stand around and on my on volition take things off the table.
"Now the process will automatically take a lot more controversial
items out of play. There'll be a region or a political block -- who
knows the president might not like something. John Dingell might not
like something. Who knows? But I'm not -- even before we put pen to
paper to start drafting the bill -- say `we're not going to consider
this'," Barton added.
Is he getting signals from Dingell that he might be cooperative?
"Yeah. Very cooperative. Of course, again, the proof is in the
pudding and in the details."
Barton's in the leadership role in fostering a national energy
policy, taking the package from the vice president and guiding it
through the House.
He's the president's energy guy from an energy state and Bush has
shown -- with the tax bill -- that he can get a program enacted.
Barton wants something he can look back at in five, 10 and 20 years
and say "that's a good bill. It works."
Barton wants to make history with the Energy Policy Act of 2001.
Barton told APPA he wants this big bill to be "national, long-term
in its impact and balanced."
Balanced means looking at the generation component, transmission
and distribution "and in each of those areas -- this is just me. I'm
not speaking for anyone but myself" -- he wants "to create an
environment so we have a maximum, competitive situation that's open and
fair to everybody.
"And we're going to do that and you're going to have a lot of
competition, a lot of flexibility with a lot of choice for consumers and
a lot of choice for yourself," Barton added.
Wait a minute.
He's saying competition in transmission and distribution.
We really do need to ask him what he has in mind there when the
time is right.
We can't help but think of competition in selling pipeline capacity
in a secondary market.
You can do that with electricity capacity to or on a local
distribution system in gas. We're thinking aloud here. That's not what
Barton said.
He wants to minimize the federal role except where you actually
have to.
That puts Barton "a little at variance with some in the Bush
Administration and some in the Congress because in the modern age
there's a natural proclivity to centralize and consolidate which in the
political arena means let Washington do it."
Barton wants to maximize the technology component and will put into
the bill a distributed generation component.
He's interested in negawatts, fostering cut backs in demand on a
national scale.
"Looking out for your own interest," Barton considers to be
"democracy."
But from time to time you have to step back and look at the
national interest, he advocated.
"That's my job."
Today's crisis mentality helps Congress act boldly.
The friendliness to competitive markets in the White House
encouraged by the president's pride about the retail bill he got through
the Texas Legislature plus today's environment may be ideal for market-
minded leaders.
You can benefit from Restructuring Today's special, unique focus on the
converging energy and communications industries, especially the opening
of competitive markets, too.
To subscribe simply fax the attached order form to 202-298-8210.
Don't miss another vital issue. Subscribe today!
Thank you,
Season Hawksley
US Publishing
800-486-8201
202-298-8201
PS -- Please do not hit 'reply'. To subscribe, cancel, change your email
address or ask questions please contact [email protected].
- orderform.pdf |
----- Forwarded by Jeff Dasovich/NA/Enron on 03/07/2001 11:28 AM -----
"Daniel Douglass" <[email protected]>
03/07/2001 11:27 AM
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]>
cc:
Subject: GAO Investigation
On Monday, 2 March 200, U.S. Representatives Jay Inslee and Peter Defazio
(OR-04) requested that the investigative arm of Congress research whether
energy producers have been "gaming the market" and unfairly jacking up energy
prices in the Western United States. "My constituents have seen huge
increases in their energy prices, and I have seen some reports suggesting
that energy producers have deliberately withheld energy from the market in
order to drive prices even higher. I am requesting that the GAO investigate
this possible market manipulation, and determine whether these reports are
accurate," said Inslee.
Following is text of the Congressmen's letter to the General Accounting
Office:
March 5, 2001
David Walker
Comptroller General of the United States
General Accounting Office
441 G Street NW
Washington, DC 20548
Dear Mr. Walker:
We are writing to request that the General Accounting Office (GAO)
investigate whether power shortages and the subsequent skyrocketing energy
prices in California, which has had serious ripple effects throughout the
Western United States, was due to market manipulation by energy producers.
We are concerned about allegations that energy producers have been
manipulating the market by pulling generators offline for no justifiable
reason, thus creating an artificial scarcity of energy in order to drive up
prices.
The apparent energy shortages in the Western United States will undoubtedly
raise issues as to whether we as a nation change our policies toward
developing our energy resources and whether we change the manner in which we
currently operate Federal hydroelectric facilities. For example, many
elected officials have used the energy crisis as an argument to drill for oil
in the Arctic National Wildlife Refuge, and to open for oil and gas
exploration millions of recently protected National Forest lands. To answer
these important policy questions which will be considered in the House
Committee on Resource, a committee on which we both sit, we believe that we
must have an accurate understanding of the causes of the current energy
crisis.
We recognize there are many contributing factors to the current energy
crisis, including high natural gas prices, a lack of generation and
transmission capacity, and California's failed effort to deregulate its
energy market.
While the economics of supply and demand lead to the conclusion that the
scarcity of generation in California has contributed to the high energy
prices, it is not clear why there is such a scarcity. Many analysts point to
such variables as inadequate water supplies and the need for increased
maintenance as the cause for so much generation unexpectedly being taken
offline in California. According to information we have seen, however, these
factors do not come close to fully explaining the scarcity of energy supplies
in California.
For example, it is our understanding that in an absolute low water year,
California has more than 45,000 mW of generating capacity available.
According to the Western Systems Coordinating Council (WSCC), the entity to
which all power generators in the West are required to report their power
availability, California has been importing more than 2,000 mW of power,
while recent peak demand in California on those same days has hovered around
only 30,000 mW. While almost 10,000 mW of this 17,000 mW difference is duly
accounted for as being offline either through planned or unplanned
maintenance, there is apparently about 4,000 to 8,000 mW of potential
generation in California which is not online for reasons that remain
unexplained.
Meanwhile, prices for wholesale electricity have been going through the roof,
with some generators and marketers of energy in California earning record
high profits. These energy companies have insisted they are operating their
generators at maximum capacity and are not manipulating the market by pulling
generation offline. We have read evidence to the contrary. For your
reference, we have enclosed a report by the private consulting company
McCullough Research Group, and a research paper by Massachusetts Institute of
Technology economics professor, Mr. Paul Joskow.
The Federal Energy Regulatory Commission (FERC), the federal agency
responsible for ensuring that energy costs are "just and reasonable," has
studied the energy crisis in the West. As you may know, while FERC concluded
that energy prices in California are not "just and reasonable," based on a
preliminary inquiry, they determined there is insufficient evidence of market
manipulation as a contributing factor to the high prices.
Given independent reports that are at odds with FERC's conclusions, we are
concerned FERC has not done an adequate job in its investigation of possible
market manipulation. Therefore, we request that you:
Compare the methodology used by FERC with that of Professor Joskow.
Determine whether or not the FERC methodology and investigation were thorough
enough to determine whether generating capacity has been withheld without
legitimate reason.
Analyze whether California's deregulation of its electric utility market
created a regulatory environment in which a small number of energy generators
or marketers are more easily able to manipulate power prices by withholding
generation.
Thank you for investigating this matter. Due to the time critical nature of
this issue, it is our hope that your office can make this investigation a
high priority.
Sincerely,
JAY INSLEE
Member of Congress
PETER DEFAZIO
Member of Congress |
---------------------- Forwarded by Eric Bass/HOU/ECT on 10/12/2000 08:23 AM
---------------------------
Brian Hoskins@ENRON COMMUNICATIONS
10/11/2000 01:50 PM
To: Eric Bass/HOU/ECT@ECT, Hector Campos/HOU/ECT@ECT, Lenine
Jeganathan/HOU/ECT@ECT
cc:
Subject: Fwd: [Fwd: FW: ]
Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
[email protected]
----- Forwarded by Brian Hoskins/Enron Communications on 10/11/00 01:57 PM
-----
[email protected]
10/11/00 01:34 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], Brian Kolle/Enron Communications@Enron
Communications, Brian Wood/Enron Communications@Enron Communications,
[email protected], Brian Hoskins/Enron Communications@Enron Communications,
[email protected], Brian Hoskins/Enron Communications@Enron Communications,
[email protected], [email protected], [email protected], Eric
Mason/Enron Communications@Enron Communications, [email protected],
[email protected]
cc:
Subject: Fwd: [Fwd: FW: ]
---------------------- Forwarded by Roberto Martinez/ENRON_DEVELOPMENT on
10/11/2000 01:31 PM ---------------------------
Rosa Valencia <[email protected]> on 10/11/2000 01:17:44 PM
To: <[email protected]>, <[email protected]>,
<[email protected]>
cc:
Subject: Fwd: [Fwd: FW: ]
____________________________________________________________________
Get free email and a permanent address at http://www.netaddress.com/?N=1
Received: from web1005.mail.yahoo.com [128.11.23.95] by mx02 via mtad
(34FM.0700.7.02) with ESMTP id 751eJksNI1237M02; Wed, 11 Oct 2000
18:13:34 GMT
Received: (qmail 5126 invoked by uid 60001); 11 Oct 2000 18:28:49 -0000
Message-ID: <[email protected]>
Received: from [161.15.254.254] by web1005.mail.yahoo.com; Wed, 11 Oct 2000
11:28:49 PDT
Date: Wed, 11 Oct 2000 11:28:49 -0700 (PDT)
From: Nicole <[email protected]>
Subject: Fwd: FW: "Just a Little Bit Closer"
To: Beans Bellik <[email protected]>
Cc: Bobby Mitchell <[email protected]>, Jude Ondrus
<[email protected]>, "Daniel P. Reilly" <daniel_p.
[email protected]>, Katrina Irene Rizzo <[email protected]>,
Jennifer Saenz <[email protected]>, David Smidt <[email protected]>, Rosey
Valencia <[email protected]>, Kathy Jean Zweiner <[email protected]>,
Matt Bonomo <[email protected]>, Deirdre Cahill
<[email protected]>, Natalie Jean Caliendo <[email protected]>,
Michael Cericola <[email protected]>, Kelly Corcoran <[email protected]>,
Kerri Corcoran <[email protected]>, Liana Davila <[email protected]>,
Bridget and Joey Esposito <[email protected]>, Angie Gratsonis
<[email protected]>, Mary Jane Kaminski <[email protected]>,
Michelle Klimenko <[email protected]>, Jane Lam
<[email protected]>, Jim Lyman <[email protected]>
MIME-Version: 1.0
Content-Type: multipart/mixed; boundary="0-76065818-971288929=:2463"
Note: forwarded message attached.
__________________________________________________
Do You Yahoo!?
Get Yahoo! Mail - Free email you can access from anywhere!
http://mail.yahoo.com/
X-Apparently-To: [email protected] via web1001.mail.yahoo.com
Received: from web4805.mail.yahoo.com (216.115.105.247) by
mta201.mail.yahoo.com with SMTP; 11 Oct 2000 10:45:09 -0700 (PDT)
Message-ID: <[email protected]>
Received: from [64.13.37.234] by web4805.mail.yahoo.com; Wed, 11 Oct 2000
10:43:27 PDT
Date: Wed, 11 Oct 2000 10:43:27 -0700 (PDT)
From: Carrie Bisping <[email protected]>
Subject: Fwd: FW: "Just a Little Bit Closer"
To: Lisa Barton <[email protected]>
Cc: Brian Bisping <[email protected]>, Scott Blaze <[email protected]>,
Pupa Christen <[email protected]>, Danielle Deuerling
<[email protected]>, Aunt Mickey Fox <[email protected]>, Collins
Jill <[email protected]>, Bisping Karen <[email protected]>,
Rizzo Nicole <[email protected]>, Carrie Ralson
<[email protected]>, Jamie Rogala <[email protected]>, Sarah
Schmidt <[email protected]>, Gina Tessari <[email protected]>
MIME-Version: 1.0
Content-Type: multipart/mixed; boundary="0-168002245-971286207=:14521"
Content-Length: 32536
Note: forwarded message attached.
__________________________________________________
Do You Yahoo!?
Get Yahoo! Mail - Free email you can access from anywhere!
http://mail.yahoo.com/
X-Apparently-To: [email protected] via web4804.mail.yahoo.com
Return-Path: <[email protected]>
X-Track: 1: 40
Received: from chicago.kirkland.com (137.169.21.76) by
mta109.mail.yahoo.com with SMTP; 11 Oct 2000 10:35:11 -0700 (PDT)
Received: by chicago.kirkland.com(Lotus SMTP MTA v4.6.5 (863.2 5-20-1999))
id 86256975.00605CCA ; Wed, 11 Oct 2000 12:32:32 -0500
X-Lotus-FromDomain: K&E
From: [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], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected],
[email protected], [email protected],
[email protected], [email protected],
[email protected]
Message-ID: <[email protected]>
Date: Wed, 11 Oct 2000 12:33:18 -0500
Subject: FW: "Just a Little Bit Closer"
Mime-Version: 1.0
Content-type: multipart/mixed; Boundary
="0__=gRjU3g3DdNHRLETh4IbvJ2IChHmQmynsQVgHXJrmiOacRXExmVXXRHpG"
Content-Disposition: inline
Content-Length: 30764
---------------------- Forwarded by Caroline
Mitchell/Chicago/Kirkland-Ellis on
10/11/2000 12:32 PM ---------------------------
>
> <<a_little_closer (1).jpg>>
(See attached file: a_little_closer (1).jpg)
******************************************************************************
The information contained in this communication is confidential, may
be attorney-client privileged, may constitute inside information, and is
intended only for the use of the addressee. It is the property of
Kirkland & Ellis. Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited and may be
unlawful. If you have received this communication in error, please
notify us immediately by return e-mail or by e-mail to
[email protected], and destroy this communication and all
copies thereof, including all attachments.
****************************************************************************** |
Thank you for keeping us in the loop on this. D&B data will become one of
our most important sources. As you suggest, the intent is to use this data
along with other available date to generate a price for credit. The price
will be published externally (likely for a fee and as a free service) via the
web or via automated processes.
Option 3 appears to be the best solution for us given our desire for as up to
date data as possible. Stuart is working with the credit team to define
additional data elements but the credit score and financial score are likely
what we are looking for. Alternatively, if it is possible to obtain the
actual data that is used to generate the score that would allow us to
generate our own score in addition to D&B's. We will need the Global Failure
Score as well. Currently we are active in Europe as well as the US and
expect to move towards Asia and Austrailia over time. Hopefully, this data
is available via D&B Connect.
Another consideration is the term of contract. We would likely prefer a
longer term contract so that if they decide they don't like what we are doing
with the data, we cannot be cut off. Does it make sense from your
perspective to approach D&B to be our long term, strategic providor of
customer data. This would likely make their deal maker look good in his
boss's eyes, give you lot's of negotiating ability and give a us the long
term preferential contract that we are looking for.
Let's discuss further.
bryan
Mary Solmonson
05/05/2000 19:25
To: John Sherriff/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT
cc: Philippe A Bibi/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Stuart
Ffoulkes/LON/ECT@ECT
Subject: Dun & Bradstreet Info for Credit Trading
I have received preliminary information from D&B. I think several
issues/questions have been raised that if explored, could result in a better
solution for the money.
Option 1
The update frequency for our current file can be improved from quarterly to
monthly for a cost of $87,000 (USD) through March, 2001.
Option 2
I wasn't sure what specific data in the file you might be interested in. If
you are particularly interested in the Financial Stress Score and Credit
Score, for example, there are multiple alternatives :
2a) Keep quartlery refresh of base data (party name, etc) and refresh scores
that are added/changed on a monthly basis. Cost - $1.17(USD) per
record. Note that there are 575,000 records in the file currently
with financial and credit scores, making this potentially a very expensive
alternative
(575,000 X 1.17=$ 672,750).
2b) Batch or FTP updates of the financial and stress scores can only be
provided monthly. D&B is working on a solution that would provide a
weekly update to their customers in a batch or FTP manner, but has
not committed to when this will be ready. Therefore, if more timely updates
than monthly are desired, it is also possible to
transactionally access records one at a time using D&B's software. The cost
for this is extremely high at $10.52 (USD) per score.
Option 3
D&B Connect Product.
D&B Connect is a tool set of matching software, an externally validated
reference file, credit and marketing information, and D&B services that
enables the most effective integration of customer information and
third-party information with D&B information. Only this type of process and
information integration capability can facilitate and ensure accurate
identification, linkage and maintenance of your customer's complete
relationship. In addition, D&B Connect assures organizations of
referential integrity by providing an automated and electronic link to D&B so
that the most recent D&B information is always transmitted to your
organization and updated within your local D&B Connect Reference File. D&B
Connect is scalable.
Cost Typically ranging from
* Customer Access Module (CAM) Batch- - $25,000
* CAM Online - $50,000
* Full Information Integrator - $350,000 + data
With more specifics as to your needs, this option should perhaps be pursued.
Questions/Issues
1) D&B had questions regarding the use of their data and whether Enron
customers would be offered this information for a fee or free. I explained
that I did not feel the data would be offered directly to Enron customers,
but that it would be used to support analysis that would be available
externally via web site, etc. All pricing above is based upon this
understanding. If I have not portrayed the usage correctly, it will be
imperative to get a better understanding before final pricing can be
negotiated.
2) Are there specific data elements that you are interested in ?
Alternatives may vary by data element. Financial Stress Score and Credit
Score reference above were explored as an example.
3) What is timeframe for needing a solution ?
4) Financial Stress Score and Credit Score are only available on U.S.
companies. A comparable measure - Global Failure Score (the liklihood of
default or bankruptcy) is available for international companies. This
rating score however, is NOT currently available via a batch or FTP manner.
This could result in additional cost if we wish to pursue obtaining this
score in a batch manner.
5) Pricing also varies whether the information is to be used for credit
analysis or risk management decisions versus for marketing purposes. This is
probably negotiable as the data is the same. The thought process is that if
the repository is used for credit or risk decisions, D&B will see decreased
usage and revenue on a transactional basis by the credit departments.
If you would like me to follow up further, please give me a call at
713-853-6079. |
The first quarter of 2001 was a record quarter for the performance of the
businesses under the Enron Global Markets group. We posted a gross margin
number of $100 million for the first quarter. This represents a 38% increase
in gross margin after a very successful Q1 of 2000. When combined with
outstanding results posted in December of 2000, EGM has contributed over $187
million to the Wholesale group in the last 4 months. This was due to
tremendous contributions from each business group.
In order to keep the momentum going and to facilitate more growth, the
following changes and additions have been made within the organization.
Crude and Products group
Mid-marketing
Bill Berkeland has joined the group and is responsible for creating a focused
mid-marketing function specifically within this group. Fred Lagrasta is
responsible for mid-marketing for Enron Americas and still maintains some
responsibility for various contacts and deal flow as well. The purpose of
this group is to be very focused in the development of crude and product
specific products and services. This group reports to Randy Maffett.
Origination
In order to manage the increased origination opportunities around the world,
the Origination group has been changed in order to insure that the proper
focus is placed on these opportunities and to manage its wide scope. Doug
Friedman will lead our NGL and Petchem origination efforts reporting to John
Nowlan. Joining Doug will be Rick Cantrell recently hired from Union
Carbide. The global crude and products origination group has added Randy O,
Conner from Red Meteor, who has extensive experience in these markets. Both
Randy and Doug Leach,s growing fuels origination group will report to Randy
Maffett.
Trading
Lee Jackson will assume the role of U.S. NGL,s lead financial trader,
supported by Chad South. The petchem and plastic trading businesses have
been reorganized under Stuart Bland. Alan Engberg will be responsible for
plastics trading in the Americas.
Shipping
Scott Moncrieff will assume responsibility of our global shipping network
related to crude and products. Scott will be charged with expanding all
aspects of the shipping portfolio taking advantage of our growing presence in
these markets and the successes we have had marketing shipping on line.
Weather
The weather group under Mark Tawney,s direction is expanding its efforts
around the world. Europe will have an expanded focus and the London office
will focus on new opportunities in Europe. Paul Murray has joined Enron from
Castlebridge Partners and will be moving to London to develop and expand the
continental opportunities. Ross McIntyre, currently based in London, will
report to Paul. Bill Windle has joined the weather group and has
responsibility for origination activities for North America. Bill,s most
recent assignment has been in the EBS organization. The Oslo weather office
managed by Thor Lien will have responsibility for Scandinavia weather
activities. In addition, employees are being added in the Australia and
Japan regions. We are now making markets in 32 cities around the world on
EnronOnline.
Coal
Mark Schroeder has joined the coal group and is responsible for origination
activities with generators in the U.S. Mark,s most recent assignment was as
the head of all regulatory activities for Enron Europe, Japan and Australia.
Enron Japan
The momentum of power deregulation process has slowed in Japan. The decision
has been made to scale back the wholesale power activities. Joe Hirl,
President and CEO of Enron Japan, will now report into the EGM organization.
Joe will maintain his direct responsibility of the office and will be
increasing his focus on the business lines within EGM. All of these products
have high growth potential in both the near and long-term and he will
coordinate and help implement with all the business lines and their
activities.
LNG
LNG continues to expand with the vision to increase the number of
transactions and create a portfolio of assets and contractual access around
the world. Jonathan Whitehead has joined the LNG group and has
responsibility for all trading and shipping activities.
Neal Gerstandt, previously an independent energy consultant, Jared Kaiser,
from Enron Americas - East Gas Desk, and Kurt Lindahl, from Enron Global
Assets, have also joined the LNG group with responsibilities in the area of
origination in the Western Region.
Enron Freight Markets
EFM has concluded over 2,000 transactions in its first two months. Chris
Kravas continues to focus on building the spot trading and mid-market
capabilities that will enable it to be the dominant player in its market, and
has hired four new traders in the last two weeks. Kellie Metcalf, from EBS,
has joined Shawn Cumberland's origination effort, and Deirdre McCaffrey, from
Gas Structuring and Mid-Market, has joined Matt Arnold's forward trading
group focusing on diesel products.
Global Risk Markets
David Hoog joined Enron from Ace Insurance in December 2000 and has quickly
built a team of people specialized in trading unit contingent power price
call options, a hybrid insurance derivative product. Drawing on Ace and Enron
resources, this team is based in New York and includes Alex Tartakovski and
Larry Marcus from Ace, as well as Joana Bekerman and Tony Chang who recently
moved to New York from Houston. Their first transaction closed just 3 months
after startup.
Brad Blesie will be moving to London in June to establish a base of operation
for GRM and expand our insurance derivative activities into the European
market place. Among the opportunities he is currently exploring are
contingent call options applied to shipping and charter rates, trading
insolvent insurance claims, and combining North Sea oil and gas VPP risk with
decommissioning insurance.
In April this year, EGM established a hedge fund origination effort in New
York reporting to Per Sekse and led by Russell Dyk who recently moved to New
York from LNG in Houston. Russell is responsible for expanding our commodity
trading relationship with hedge funds to include crude oil, products, liquids
and other commodities traded by EGM. Joining Russell in this effort is
Stephen Plauche, who comes to us from Enron Americas, power trading desk.
Financial Trading
Elsa Piekielniak has assumed responsibility for Enron,s developing
agriculture business. Billy Lemmons has changed groups and now runs the
Analyst and Associate program for Enron Corp.
Please congratulate everyone on their new assignment and we look forward to
the continued growth in all the EGM businesses. |
FYI
-----Original Message-----
From: Dernehl, Ginger
Sent: Friday, November 16, 2001 2:45 PM
To: Shapiro, Richard
Subject: Government Affairs Organization Announcement
With the announcement of Enron's acquisition by Dynegy behind us, and with the initial severance process completed, it seemed an appropriate time to effect some organizational changes so that we as a group are better prepared to meet the challenges of the future. Before I turn to the organizational changes, I would like to say a few words about those who will be leaving the company as a result of the initial severance (you'll know who they are by their absence on the organizational chart): Leading and being a part of this group has been a privilege?I am thankful for every day that I have had that responsibility and thankful for however long I continue to have the responsibility. This sense of privilege and thankfulness is primarily driven by having had the opportunity to get to know and care about such a dedicated group of professionals and support staff and who, to a person, are also very decent and good people. To say good-bye to some of our colleagues is not easy. I want to, on behalf of all of us, thank them for their hard work, their integrity, their decency, and the good times and laughter that we shared. I trust that many of us will find ways to sustain friendships that have been and will continue to be very special. Thanks to each of you who are leaving for all you have done.
As to the organizational structure, it has become increasingly apparent to me that the existing organization, with a mix of groups organized along functional and regional lines (particularly within the U.S.), has impeded our ability to get things done in the most efficient fashion at times. The need to rationalize the organizational structure, in order to consolidate all U.S. energy functions, is a strong need from my perspective. As a result, Jim Steffes will lead the U.S. Energy group along with Sue Nord, who will jointly report to Jim and myself. Sue will assist Jim in the leadership of the group and take on project management responsibilities as warranted to help Jim shoulder a significant burden. Also reporting to Jim will be a leadership group for U.S. Energy that will be as follows: Wholesale Electricity will be led by Christi Nicolay; Retail Electricity and Natural Gas will be led by Harry Kingerski; Wholesale Gas will be led by Leslie Lawner. Last, but not least, Jeff Dasovich and Sue Mara, who will continue to focus on California energy issues, will report to Jim. (Sue Mara will also be part of the Wholesale electricity team).
Steve Montovano, who will continue to report to me, will lead a commercial development effort along with Dan Allegretti.
With the elimination of the regional groups, I also recognize that there is a need to continue to focus on how we as a group address our political/legislative needs across the U.S. Paul Kaufman will lead a small group that will address that need and that will focus on state political support. Paul will also take the lead for Government Affairs in support of corporate development efforts across the U.S.
Much of the rest of the group remains the same. Linda Robertson will continue to lead the Washington group with Sarah Novosel, who reports to Linda, taking the lead role in our coordination of activities at FERC. Amr Ibrahim will continue to lead the support of the Global Assets group and also continue to manage the Risk Analytics function. Maggy Huson will take over support of the non-energy business units, which are as follows: Global Markets, Industrial Markets, Networks, and Broadband. Rob Hemstock will continue to lead the support of Enron Canada. Paul Dawson, who heads up government affairs for Europe; Sergio Assad, who heads up government affairs for South America; and Mike Grimes and Mark Crowther, who head up our Asian efforts, will continue to jointly report to the business units and myself.
I am also forming a North American leadership group for Government Affairs to provide policy guidance for the larger group and the company. That Committee will consist of Rob Hemstock, Maggy Huson, Amr Ibrahim, Paul Kaufman, Harry Kingerski, Leslie Lawner, Steve Montovano, Christi Nicolay, Sue Nord, Sarah Novosel, Linda Robertson, Jim Steffes and myself. We will also continue to have an RCR Committee that will consist of Maggy Huson, Harry Kingerski, Sue Nord, Linda Robertson, Jim Steffes & myself. Finally, I am forming a Dynegy/Enron regulatory approvals working group that will consist of Jose Bestard, Paul Dawson, Paul Kaufman, Sue Nord, Sarah Novosel and myself.
No organizational structure or set of organizational changes is either perfect or permanent. I believe these changes will make us better and more prepared for the future. However, we must be prepared to further adjust as the future unfolds for the company.
One final note: I am deeply sorry that each of you has had to live through this uncertain and troubled period for the company. We are all saddened by the recognition that we are in the midst of changes that will leave our group fundamentally altered, but we must resolve to do our best for each other and ourselves during this period of change to ensure that what emerges, for those of us who do remain a part of the new Dynegy, reflects the excellence and integrity that has characterized our group. Personally, I will do all I can, for as long as I can, to steer the group through this to the very best place possible. Your continued dedication and support is very much appreciated. Hang in there and thanks. |
-----Original Message-----
From: Dasovich, Jeff
Sent: Tuesday, October 02, 2001 4:42 PM
To: Dasovich, Jeff; Kean, Steven J.; Belden, Tim; Sharp, Vicki; Blachman, Jeremy; Comnes, Alan; Tribolet, Michael; Walsh, Kristin; Delainey, David; Leff, Dan; Frazier, Lamar; Keeney, Kevin; Gahn, Scott; Swain, Steve; Lavorato, John; Kaufman, Paul; Steffes, James D.; Calger, Christopher F.; Mara, Susan; Black, Don; Richter, Jeff; Kitchen, Louise; Dietrich, Janet; Mara, Susan; Robertson, Linda; Kingerski, Harry; Denne, Karen; Palmer, Mark A. (PR); Shapiro, Richard; Curry, Wanda; Mellencamp, Lisa; Higgason, Kelly; Whalley, Greg; Mellencamp, Lisa; Comnes, Alan
Subject: California Update--10.02.01:Part 2: PUC Approves Edison Bailout
In another surprise move, the PUC approved an Edison bailout today on a 5-0 vote. This item was not on the Commission's agenda other than as a placeholder regarding "litigation." We do not have copies of the agreement but we just talked to Edison's SVP of Regulatory Affairs and here's a summary:
The Commission will keep current rates in place through 2003
Any "overcollection" resulting from keeping current rates in place will go to paying off $3.3 B in Edison's past due accounts (the so-called "undercollection")
If Edison collects the $3.3B prior to 2003, then rates can change
If Edison has not collected the $3.3 B by the end of 2003, the PUC will create a dedicated rate component on all bills to collect the remainder. Half the remainder will be collected in 2004 and the other half in 2005.
Any refunds received from litigation against suppliers will go to reducing the $3.3 B undercollection.
Edison can keep 10% of any refunds received after the $3.3B is paid off.
Edison cannot pay any dividends during the time that it is using rates to pay off the $3.3B.
Edison can apply to the PUC for approval to hedge gas price risk.
Edison will be protected from any increases in DWR contract costs (i.e., if DWR's costs go up, the PUC will raise rates rather than take it out of Edison's rates)
The PUC will not fine Edison during this period if Edison's capital structure varies from the PUC-approved capital structure
Edison must drop its lawsuits against the PUC regarding 1) the "filed rate doctrine" and 2) the so-called "TURN" accounting method, which effectively kept the rate freeze in place.
Edison agrees to "cooperate" with the Attorney General and the PUC in all litigation against suppliers.
The PUC decision could likely nullify the need for the "special" session that the Governor recently announced
We will report back with additional details as soon as we get them.
Best,
Jeff
-----Original Message-----
From: Dasovich, Jeff
Sent: Tuesday, October 02, 2001 2:45 PM
To: Kean, Steven J.; Belden, Tim; Sharp, Vicki; Blachman, Jeremy; Comnes, Alan; Tribolet, Michael; Walsh, Kristin; Delainey, David; Leff, Dan; Frazier, Lamar; Keeney, Kevin; Gahn, Scott; Swain, Steve; Lavorato, John; Kaufman, Paul; Steffes, James D.; Calger, Christopher F.; Mara, Susan; Black, Don; Richter, Jeff; Kitchen, Louise; Dietrich, Janet; Mara, Susan; Robertson, Linda; Kingerski, Harry; Denne, Karen; Palmer, Mark A. (PR); Shapiro, Richard; Curry, Wanda; Mellencamp, Lisa; Higgason, Kelly; Whalley, Greg; Mellencamp, Lisa
Subject: California Update--10.02.01: PUC Turns Down Davis' Proposed Rate Agreement with DWR
In what will likely be viewed as a fairly shocking event, the California PUC today voted down Davis' proposed rate agreement between DWR and the CPUC.
The vote was 4-1, with the two Republicans voting with Davis' hand-picked appointees Lynch and Wood.
Davis' proposal was introduced at the meeting by another Davis appointee--Geoff Brown--who made a lengthy speech about why California would experience economic and political destruction if the PUC did not approve Davis' proposed rate agreement.
What is Davis' proposed rate agreement between DWR and the CPUC?
It would remove all PUC authority to review any contracts between DWR with suppliers.
It would require the PUC to pass through to utility rates all DWR power contract costs, no questions asked.
What are the implications of the move by the PUC to reject Davis' proposal?
With the vote, it remains unclear how California/DWR will pay for the DWR power contracts.
The political pressure to re-negotiate--or break--the DWR power contracts is likely to intensify considerably.
It remains unclear how California/DWR will pay for the $12.5 B in bonds the Treasurer has unsuccessfully attempted to issue for past several months.
Under the structure devised by Davis, the revenues flowing from the CPUC/DWR rate agreement would be used to both 1) pay for the DWR power contracts and 2) service the bonds the Treasurer is trying to issue to repay California's General Fund for spot and other short term power purchased by DWR since January.
In short, there is no clear indication of how California will pay for DWR contracts or issue the bonds.
Safe to say that today's PUC vote has seriously embarrassed Davis, and left his approach to "solving" California electricity crisis in shambles.
What Next?
A broad left-right coalition of energy interests supported a bill (18XX) that passed the Legislature with broad bi-partisan support.
The bill would create a "dedicated rate component" on every customers bill to service the $12.5 B in bonds that the Treasurer wants to issue.
Proponents of the bill--and just about everyone else--argue that the "dedicated rate component" is a signficantly more efficient way to raise the debt California needs to plug the hole in its budget.
The bill is silent, however, on how California would pay for the DWR contracts, and the bill's opponents claim that the power suppliers will sue as a result.
All four PUC commissioners who voted against the Davis rate agreement today urged Davis to sign the bill. The left-right coalition (from Nader types to oil companies) is also working hard to get Davis to sign it.
Davis has said that he will veto the bill on the advice of the Treasurer and bond counsel.
Given today's vote, however, Davis may have no alternative than to sign the bill if he wants to get the bonds issued and the state budget repaid.
Update on Edison Bailout
Still appears that chances are very small that Edison and Davis will succeed in getting the Legislature to vote for an Edison bailout when it returns for another "special" session next Tuesday.
If you have any questions, just let us know.
Best,
Jeff |
------------------------------------------------------------------------------
------------------------
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
March 23, 2001 5:00pm through March 26, 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 NORTH AMERICAN LANS:
Impact: CORP
Time: Fri 3/23/2001 at 5:00:00 PM CT thru Fri 3/23/2001 at 5:15:00 PM CT
Fri 3/23/2001 at 3:00:00 PM PT thru Fri 3/23/2001 at 3:15:00 PM PT
Fri 3/23/2001 at 11:00:00 PM London thru Fri 3/23/2001 at 11:15:00 PM
London
Outage: Decommission CORPHOU-02B
Environments Impacted: Corp Logins
Purpose: The SAM size on this DC has increased beyond recommended limits.
There is no real reason for us to keep this DC online anymore.
Backout: Bring back online
Contact(s): Keith Meurer 713-853-1743
Impact: ENS
Time: Sun 3/25/2001 at 3:00:00 PM CT thru Sun 3/25/2001 at 5:00:00 PM CT
Sun 3/25/2001 at 1:00:00 PM PT thru Sun 3/25/2001 at 3:00:00 PM PT
Sun 3/25/2001 at 9:00:00 PM London thru Sun 3/25/2001 at 11:00:00 PM London
Outage: Change VLANS for the EES networks at Ardmore
Environments Impacted: EES
Purpose: Part of the re-design, due to problems with the OC3's
Backout: change vlans back to the old numbers
Contact(s): Scott Shishido 713-853-3780
Impact: ENS
Time: Fri 3/23/2001 at 11:00:00 PM CT thru Sat 3/24/2001 at 12:00:00 AM CT
Fri 3/23/2001 at 9:00:00 PM PT thru Fri 3/23/2001 at 10:00:00 PM PT
Sat 3/24/2001 at 5:00:00 AM London thru Sat 3/24/2001 at 6:00:00 AM London
Outage: Add redundancy to the ETS server network
Environments Impacted: ETS
Purpose: Currently the ETS server network 172.30.10.0 has no redundant links
the the routers. If one switch goes down the entire network goes down.
Backout: none
Contact(s): Scott Shishido 713-853-3780
FIELD SERVICES: No Scheduled Outages.
INTERNET:
Impact: CORP
Time: Sat 3/24/2001 at 11:00:00 PM CT thru Sun 3/25/2001 at 12:00:00 AM CT
Sat 3/24/2001 at 9:00:00 PM PT thru Sat 3/24/2001 at 10:00:00 PM PT
Sun 3/25/2001 at 5:00:00 AM London thru Sun 3/25/2001 at 6:00:00 AM London
Outage: Replace ENRON.COM edge routers
Environments Impacted: Internet
Purpose: Replace hardware with faster processing units. IOS Software upgrade
to remove potential security vulnerability.
Backout: Put existing hardware back in production.
Contact(s): John Shupak 713-853-7943
Bryan Aubuchon 713-345-8446
MESSAGING: No Scheduled Outages.
MARKET DATA:
Impact: Market Data
Time: Fri 3/23/2001 at 6:00:00 PM CT thru Fri 3/23/2001 at 9:45:00 PM CT
Fri 3/23/2001 at 4:00:00 PM PT thru Fri 3/23/2001 at 7:45:00 PM PT
Sat 3/24/2001 at 12:00:00 AM London thru Sat 3/24/2001 at 3:45:00 AM London
Outage: CQG_DDA Upgrade
Environments Impacted: CQG Digital users
Purpose: Enable migration off of Legacy satellite systems.
Backout: N/A
Contact(s): John Sieckman 713-345-7862
NT: No Scheduled Outages.
OS/2: No Scheduled Outages.
OTHER SYSTEMS:
Impact: CORP
Time: Fri 3/23/2001 at 5:00:00 PM CT thru Fri 3/23/2001 at 6:00:00 PM CT
Fri 3/23/2001 at 3:00:00 PM PT thru Fri 3/23/2001 at 4:00:00 PM PT
Fri 3/23/2001 at 11:00:00 PM London thru Sat 3/24/2001 at 12:00:00 AM
Outage: Cleanup CDPD (Air Card) Configuration
Environments Impacted: Corp.
Purpose: Running out of available addresses for air cards. Clean up
configuration on CDPD router/ Change
the method used to translate the aircards IP addresses.
See Change Request # JW918 for IP addresses.
Backout: apply old config
Contact(s): Jon Werner 713-853-6742
Impact: CORP
Time: Fri 3/23/2001 at 5:00:00 PM CT thru Fri 3/23/2001 at 6:00:00 PM CT
Fri 3/23/2001 at 3:00:00 PM PT thru Fri 3/23/2001 at 4:00:00 PM PT
Fri 3/23/2001 at 11:00:00 PM London thru Sat 3/24/2001 at 12:00:00 AM
London
Outage: SysAdmiral Master Server Move
Environments Impacted: Corp
Purpose: This server move is to replace the failed server that occurred last
weekend. The current location for the master machine online is in 3448. Since
it is on a development segment it has to be moved back into the production
area.
We will need only one hour to move the machine since it it is replacing a
1600 with a 1600. Rails and racking can be reused without rewiring anything.
Backout: Rerack in current location.
Contact(s): Rusty Cheves 713-345-3798
Impact: CORP
Time: Fri 3/23/2001 at 5:00:00 PM CT thru Sat 3/24/2001 at 12:00:00 PM CT
Fri 3/23/2001 at 3:00:00 PM PT thru Sat 3/24/2001 at 10:00:00 AM PT
Fri 3/23/2001 at 11:00:00 PM London thru Sat 3/24/2001 at 6:00:00 PM London
Outage: OS and Disk upgrade, patch maintenance and migration to T-3 for
server titania.
Environments Impacted: Oracle development
Purpose: Need for additional storage and improved performance.
Backout: shutdown the system
reconnect the old disks
restore the old OS from tape
Contact(s): Malcolm Wells 713-345-3716
SITARA: No Scheduled Outages.
SUN/OSS SYSTEM: No Scheduled Outages.
TELEPHONY: No Scheduled Outages
TERMINAL SERVER: No Scheduled Outages.
UNIFY: No Scheduled Outages.
------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE
(713) 853-1411 Enron Resolution Center
(713) 853-5536 Information Risk Management
Specific Help:
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 |
EnronOnline
Trade Counts and Volume for May 16, 2001
EXTERNAL INTERNAL TOTAL
COUNTRY COMMODITY CATEGORY COUNT QTY COUNT QTY COUNT QTY UNIT OF MEASURE
Austria Power Physical 11 9,968 -
- 11 9,968 MWh
Belgium Natural Gas Physical 6 785,000 -
- 6 785,000 MMBtu
Canada Natural Gas Financial 2 1,370,000 -
- 2 1,370,000 MMBtu
Canada Natural Gas Physical 250 6,444,907 -
- 250 6,444,907 MMBtu
Canada Power Financial 5 636 1
24 6 660 MWh (Canada)
Germany Coal Physical 3 27 -
- 3 27 SECA Contract -
Metric Tonnes
Germany Power Physical 73 1,075,260 -
- 73 1,075,260 MWh
Netherlands Power Physical 3 1,171
- - 3 1,171 MWh
Norway Power Financial 18 419,400 -
- 18 419,400 MWh
Singapore Crude Financial 1 50,000 1
50,000 2 100,000 Barrel
Singapore Oil Products Financial 2 20,000 -
- 2 20,000 metric tonnes
Switzerland Power Physical 16 22,140
- - 16 22,140 MWh
United Kingdom Crude Financial 11 520,000 1
25,000 12 545,000 Barrel
United Kingdom LPG Financial 1 2,000 -
- 1 2,000 mt
United Kingdom Metals Financial 632 16,725 71
125 703 16,850 LME Registered mt Lot
United Kingdom Natural Gas Physical NBP 89 12,939,600 2
247,500 91 13,187,100 MMBtu
United Kingdom Oil Products Financial 9 50,500 -
- 9 50,500 IPE mt
United Kingdom Petchems Financial 2 2,000
- - 2 2,000 mt
United Kingdom Power Physical 16 903,840 -
- 16 903,840 MWh
USA Crude Financial 213 9,845,000 107
4,845,000 320 14,690,000 Barrel
USA Crude Financial Option 6 300,000 -
- 6 300,000 Barrel
USA Crude Physical 6 423,000 -
- 6 423,000 Barrel
USA Emissions Physical 4 - 4
- Emission allowance
USA Gas Pipeline Capacity Physical 1 10,000
- - 1 10,000 MMBtu
USA LPG Financial 4 95,000 -
- 4 95,000 Gallon
USA LPG Physical 1 5,000 -
- 1 5,000 Gallon
USA Metals Physical 1 40 -
- 1 40 COMEX Physical
Copper Lots
USA Natural Gas Financial 1,190 518,925,650 649
239,099,683 1,839 758,025,333 MMBtu
USA Natural Gas Financial Option 25 22,810,000 7
7,000,000 32 29,810,000 MMBTU
USA Natural Gas Physical 1,947 21,865,771 36
204,418 1,983 22,070,189 MMBtu
USA Oil Products Financial 36 1,020,000 -
- 36 1,020,000 Barrel
USA Paper Physical 2 48 -
- 2 48 Short Tons (+/- 5%)
USA Petchems Financial 3 50,000 -
- 3 50,000 Gallon
USA Power Financial 51 336,042 15
101,108 66 437,150 MWh
USA Power Physical 546 7,503,204 179
4,686,582 725 12,189,786 MWh
USA Rate and Currency Financial - -
5 6,603,772 5 6,603,772 EUR/1
USA Rate and Currency Financial - -
2 5,000,000 2 5,000,000 FX USD
USA Rate and Currency Financial - -
1 600,000 1 600,000 GBP/1
USA Rate and Currency Financial - -
2 1,300,000 2 1,300,000 USD/1
USA Weather Financial 2 5
- - 2 5 Cooling
Degree Day
5,188 1,079 6,267 |
David,
Based on the e-mail that I sent out on June 30th (and that I have attached
below), I was under the presumption that the Enron party to the GTCs would be
Enron Australia Finance Pty Ltd. This is because we are dealing with
Australian weather derivatives and I was presuming (right or wrong) that such
derivatives would be on the books of the Sydney trading office. Please let
me know if this is not the case.
Best regards,
Susan
David Minns
07/06/2000 12:35 AM
To: John Viverito/Corp/Enron@ENRON
cc: Jonathan Whitehead/AP/Enron@Enron, Nicholas.O'[email protected]@ENRON, Susan
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Justin
Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Raymond
Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor@ECT
Subject: Re: EOL GTC's for Weather Derivatives In Australia
John please see attached GTCs for Australian weather. They are essentially
the same as the example that was forwarded to B&M when they got the brief to
advise on weather derivatives last month.
I understand that B & M are having second thoughts on the gambling question
and are due to come in with an advice on the point.
There is also a question as to whether the Enron party will be Enron
Australia Finance Pty. Ltd. or Enron Japan KK. From a tax perspective Susan
what would you prefer?
On a related issue what Enron company is on the Passwords Applications and
ETAs that are being sent out? Although from a legal perspective it does not
matter it may increase acceptance if it were Enron Japan KK.
From: John Viverito@ENRON on 05-07-2000 05:19 CDT
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Jonathan Whitehead/AP/Enron@Enron, Nicholas.O'[email protected]
Subject: EOL GTC's for Weather Derivatives In Australia
David-
Please forward an electronic copy of the EOL GTC's for weather derivatives in
Australia. Thanks for your assistance.
Cheers,
John
Susan Musch
06/30/2000 11:30 AM
To: Jeff Blumenthal@ECT
cc: Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen H Douglas@ECT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT (bcc: Susan
Musch/ENRON_DEVELOPMENT)
Subject: Tax Advice on AUS and JPN CDD and HDD Weather Swaps
Below is a summary of the tax advice that I received from our outside
advisors in Tokyo and Sydney on the Sydney trading office entering into cash
settled weather derivative trades with Japanese counterparties:
Japanese Tax Advice
1. Swap, Options and Other Financial Derivative Transactions
Based on the current practice of the Japanese tax authorities, standard
swaps, options and similar financial transactions with symmetrical payment
flows should not be subject to withholding tax. However, to the extent that
Enron transactions involve asymmetrical payments, concern exists that imputed
interest from the imbedded loan could be subject to interest withholding tax.
2. Consumption Tax (VAT) and Excise Taxes
Although Japan imposes a 5% consumption tax (VAT), financial transactions are
generally not subject to the consumption tax, so cash settled derivative
transactions should generally not be subject to consumption tax. Japan
imposes various kinds of excise taxes. These excise taxes generally apply to
physical importation and domestic sale and delivery of covered products and
should generally not apply to purely financial derivatives transactions which
reference commodity prices.
3. Collateral for Derivatives Transactions
If Enron entities will take collateral from Japan-based customers in
connection with derivative transactions, depending upon the specific
arrangements, withholding tax liability might arise. For example, if an
Enron trading entity takes cash collateral from a Japan-based customer and
pays interest on it, such interest payments could be subject to local
withholding tax when paid to the Japanese resident customer.
Australian Tax Advice
1. Swap, Options and Other Financial Derivative Transactions
Based on the summaries of the products attached to Justin Timothy,s June 12th
e-mail to Mario Parra Cardoso and Dale Neuner:
(1) the swap income or deduction should be recognized on a due and payable
basis (rather than on an accrual basis over the term of the swap), and
(2) there should not be any interest withholding tax imposed on the swap
payments because there does not appear to be any linkage between the swap
payment and "interest" as defined for Australian tax purposes.
Note that there is an Australian tax proposal to impose withholding tax on
other Australian source income. Although no details are yet available, it is
expected that the Australian government will not impose withholding tax where
the income would constitute "business profits" of any entity in a treaty
country (such as Japan) which does not have permanent establishment in
Australia. Thus, based on the current proposal, it is unlikely that such a
withholding tax, if enacted, would apply to the swap payments. However, this
could change depending upon the rules actually enacted.
2. GST (VAT)
Effective July 1, 2000, the Goods and Services Tax ("GST") will tax at a 10%
rate the consumption of most goods and services in Australia. (It does not
apply to consumption outside of Australia, e.g. exports.)
A swap payment to a Japanese counterparty will be GST-free. This means that
the Australian trading office would be able to claim refunds on a portion of
the GST paid on its rents and other expenses.
Please let me know if you have any questions or need any additional
information.
Best regards,
Susan |
Russell
My view would be to follow the novation route, i.e.
1. C/P trades via EOL with ECTRIC
2. Each trade is novated from ECTRIC to ENA, and treated as concluded under ENA ISDA Master
3. ENA enters into back-to-back trade with ECTRIC
This does mean that the C/P must initially accept the European EOL GTCs, though if we set up a mechanism whereby EOL trades are automatically novated to ENA and treated as concluded under the ENA ISDA Master, this effectively cancels out the EOL GTCs.
Justin
-----Original Message-----
From: Dyk, Russell
Sent: 27 September 2001 23:38
To: Shackleton, Sara; Boyd, Justin; White, Bill; Shankman, Jeffrey A.
Cc: Abramo, Caroline; Zivic, Robyn; Diamond, Daniel; Radous, Paul; Lebrocq, Wendi; Sharma, Shifali
Subject: FW: Trades as ENA
Everyone -
Our hedge fund group needs clarification on the issue of doing Brent and other European product deals w/ our hedge fund counterparties and booking them back to ENA, the entity with which all the funds have ISDAs. We just did two WTI/Brent crude oil spreads today, one w/ very large volume, and expect to be doing more such deals.
This is more than just a legal issue; it's going to impact credit and our strategy to get the funds trading on EOL as well.
As we understand it, the main legal issue is that all the funds have an ISDA only w/ ENA and not w/ ECTRIC, so they (and I assume we) want all deals and legal exposure to be w/ ENA. To satisfy both parties' desires, all European product deals must be booked from ECTRIC to ENA. Sara, from speaking to you and from Justin's response below, it seems to me that the only legal hurdle we, the funds, and our traders might face is if no trader w/ ENA in Houston okays w/ the counterparty on ENA's behalf. However, there seem to be 2 other solutions (a netting agreement and novating) that get around this. As Sara knows, dealing on legal agreements w/ the funds can be onerous and time-consuming; negotiating more paperwork is not a viable option.
From the credit side, as we understand it, the issue w/ not back-to-backing the trades w/ ENA is that the credit exposure will not be aggregated to the funds' net position in Houston and, therefore, not monitored. In other words, any exposure not sitting w/ ENA will be invisible to credit. so daily margining, etc. will be incorrect.
From the EnronOnline side, as we see it there are a couple of issues. EOL wants the funds to trade online; an increasing number of funds also want to trade online. However, they do not want to be restricted to trading products that are only US based. Also, they would like to see more arb spread products like a WTI/Brent crude oil spread online. If neither desire can be easily met b/c we need a separate ISDA w/ ECTRIC (which potentially means, as above, more onerous and time-consuming negotiation), then it will certainly be detrimental for volume and also foresake a certain momentum that we are gaining now.
The point has been raised that the funds could trade European products if credit in London cleared them and if they were willing then to accept the general terms and conditions that pop up on EOL. We can assure you that they will not accept this.
These are the issues as we see them from the origination side. There may be other issues that we're missing from the sides that I've mentioned as well as the trading/back office side.
Regards,
Russ
-----Original Message-----
From: White, Bill
Sent: Thursday, September 27, 2001 3:32 PM
To: Dyk, Russell
Subject: FW: Trades as ENA
-----Original Message-----
From: Sharma, Shifali
Sent: 26 July 2001 08:21
To: White, Bill
Subject: FW: Trades as ENA
This is what we have heard from Legal and Tax so far. We're trying to get a list of couterparties that currently will not trade with ECTRIC and only with ENA.
-----Original Message-----
From: Boyd, Justin
Sent: Thursday, July 26, 2001 2:10 AM
To: Juggins, Janine; Beyhum, Maya
Cc: Sharma, Shifali; Klar, Guenther; Sexton, Camille; Watt, Julie; Marsh, Jonathan
Subject: RE: Trades as ENA
i agree - assuming you follow janine's approach, then no adverse UK regulatory issues will ensue
justin
-----Original Message-----
From: Juggins, Janine
Sent: 25 July 2001 19:29
To: Beyhum, Maya; Boyd, Justin
Cc: Sharma, Shifali; Klar, Guenther; Sexton, Camille; Watt, Julie
Subject: RE: Trades as ENA
I assume that these are financial transactions. The current approach is the right one in the circumstances - i.e trade between ECTRIC and ENA, trade between ENA and third party (eg Bank of America). It is important that the trader agreeing to the deal with the third party in the name of ENA is located in Houston (they cannot agree deals in the name of ENA when located in London). The pricing should be such that ENA is compensated for taking the credit risk with respect to the third party but otherwise all the economics should be with ECTRIC.
To avoid booking the back to back trades, a possibility would be an agreement on netting to be entered into by ECTRIC, ENA and Bank of America if all parties can get comfortable with the legal position.
Another alternative sometimes put forward is that ECTRIC does the deal with Bank of America, the contract is then novated from ECTRIC to ENA, and ENA enters into a back to back swap on the same financial terms with ECTRIC.
Note that we are currently working on a project to enter into financials through EFET LLC (arranged by EEFT) instead of ECTRIC (effective 1 November).
Regards
Janine
-----Original Message-----
From: Beyhum, Maya
Sent: 25 July 2001 14:13
To: Juggins, Janine; Boyd, Justin
Cc: Sharma, Shifali
Subject: Trades as ENA
Hi
I am currently working in the London Risk group for Global Markets.
At the moment we have a number of counterparties who do not want to transact with ECTRIC but would like to do deals only with ENA (e.g. Bank of America). As a result, if a London trader wants to carry out a trade with Bank of America, he will do an internal trade with a trader in Houston and then book a trade between the Houston trader (who trades under ENA) and Bank Of America. The trades are then confirmed from the Houston office.
We were wondering about a couple of things:
Are there any tax/legal implications we should be aware of as a result of booking the trades as we do
Is there a way to approach these counterparties to get them to trade with ECTRIC (as this currently creates a lot of paperwork and administration)?
Thanks for your help
Maya |
Markets <http://clearstation.etrade.com/cgi-bin/diary> <http://clearstation.etrade.com/i/1px_grey.gif> DJ30 <http://clearstation.etrade.com/cgi-bin/details?Symbol=_INDU> 10,197.04 -62.69 -0.61% <http://clearstation.etrade.com/i/1px_grey.gif> NASDAQ <http://clearstation.etrade.com/cgi-bin/details?Symbol=_COMPX> 2,037.09 -22.27 -1.08% <http://clearstation.etrade.com/i/1px_grey.gif> S&P 500 <http://clearstation.etrade.com/cgi-bin/details?Symbol=_INX> 1,164.89 -7.61 -0.64% <http://clearstation.etrade.com/i/1px_grey.gif> US markets closed
<http://clearstation.etrade.com/i/1px_black.gif>
<http://clearstation.etrade.com/i/s.gif> <http://clearstation.etrade.com/i/s.gif> <http://clearstation.etrade.com/i/s.gif>
<http://clearstation.etrade.com/i/email_topnav_logo.gif> <http://clearstation.etrade.com/i/1px_black.gif> <http://clearstation.etrade.com/i/1px_black.gif> <http://clearstation.etrade.com/i/1px_black.gif>
Quote & 3-Point View Profile & Fundamentals Key Ratios Analyst Info Earnings Estimates Insider Trading Interactive Graph Tool Graphs In Bulk Discussion Recommendations News Articles Enter stock symbol(s), make a selection from the drop down menu, and click the arrow.
<http://clearstation.etrade.com/i/1px_black.gif>
<http://clearstation.etrade.com/i/s.gif>
<http://clearstation.etrade.com/i/email_topnav.gif> <http://clearstation.etrade.com/email_topnav/spacer.gif>
<http://clearstation.etrade.com/i/s.gif> <http://clearstation.etrade.com/images /1px_black.gif>
<http://clearstation.etrade.com/i/s.gif> <http://www2.briefing.com/scripts/FreeServices/emailsignup.asp>
<http://clearstation.etrade.com/i/s.gif> <http://clearstation.etrade.com/images /1px_black.gif>
<http://clearstation.etrade.com/i/s.gif> Portfolio Mail <http://clearstation.etrade.com/images/icon_pf.gif> My Portfolios Prices/Events as of 6:30PM EST My Portfolio Details <http://clearstation.etrade.com/cgi-bin/drill_portfolio> Stop this Report <http://clearstation.etrade.com/cgi-bin/preferences>
<http://clearstation.etrade.com/i/s.gif> Portfolio: 'Keiser'
Long positions
Symbol Position Last Change %Change Volume Value Today's Net
ENE <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=ENE&Refer=http://clearstation.etrade.com> 145 0.68 0.02 3.03% 16,500,100 98.60 2.90
NKE <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=NKE&Refer=http://clearstation.etrade.com> 360 57.19 0.19 0.33% 1,302,700 20,588.40 68.40
SCON <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=SCON&Refer=http://clearstation.etrade.com> 300 6.42 -0.18 -2.73% 57,400 1,926.00 -54.00
SBLU <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=SBLU&Refer=http://clearstation.etrade.com> 615 5.16 0.60 13.16% 1,792,300 3,173.40 369.00
EGHT <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=EGHT&Refer=http://clearstation.etrade.com> 555 1.23 -0.04 -3.15% 96,700 682.65 -22.20
'Keiser' Total: 26,469.05 364.10
All Total: 26,469.05 364.10
Symbol Events Community Take
ENE <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=ENE&Refer=http://clearstation.etrade.com> Most Actives 166 Long / 12 Short
<http://clearstation.etrade.com/images/gray.gif>
SBLU <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=SBLU&Refer=http://clearstation.etrade.com> Gap Up 71 Long / 4 Short
MACD - Bullish
Percentage Gainer
<http://clearstation.etrade.com/i/s.gif> For help with ClearStation's Portfolio Manager, or to learn more about the calculations, please visit our Help area <http://clearstation.etrade.com/doc/portfolio.shtml>. To discontinue this report, go to Customize <http://clearstation.etrade.com/cgi-bin/preferences> (you will have to log in if you haven't already). Uncheck the "Daily Portfolio Update" box and click on the "Apply Changes" button.
<http://clearstation.etrade.com/i/s.gif> ClearStation is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities members should buy or sell for themselves. Members should always check with their licensed financial advisor and their tax advisor to determine the suitability of any investment. ClearStation, Inc. is a wholly-owned subsidiary of E*TRADE Group, Inc. and an affiliate of E*TRADE Securities, Inc. ClearStation is a registered trademark of ClearStation, Inc. E*TRADE is a registered trademark of E*TRADE Securities, Incorporated, member NASD/SIPC. Copyright (c) 2000. ClearStation, Inc. All rights reserved.
<http://clearstation.etrade.com/i/s.gif> Question? Get it answered! <http://clearstation.etrade.com/doc/faq.shtml> Comments? Talk to us! <mailto:[email protected]> Copyright ? 1998-2002 ClearStation. All rights reserved. Trademark Notice <http://clearstation.etrade.com/doc/legalese.shtml#TM> Quotes delayed at least 15 minutes for Nasdaq, 20 minutes otherwise. ClearStation is a wholly-owned subsidiary of E*TRADE Group, Inc.
<http://clearstation.etrade.com/i/s.gif> About Us <http://clearstation.etrade.com/doc/overview.shtml> I Help <http://clearstation.etrade.com/doc/help.shtml>
I Feedback <mailto:[email protected]>
I Member Agreement <http://clearstation.etrade.com/doc/legalese.shtml>
I Privacy Statement <http://clearstation.etrade.com/doc/privacy.html>
I Advertise <mailto:[email protected]>
I Jobs <http://clearstation.etrade.com/doc/features.shtml>
I Join <http://clearstation.etrade.com/cgi-bin/join>
I FAQ <http://clearstation.etrade.com/doc/faq.shtml>
<http://clearstation.etrade.com/i/s.gif> |
Just a brief Update for you this week, including the latest major news in
the Energy industry, and a complete rundown of our upcoming conferences for
anyone who is thinking of attending, including our latest addition of The
Business of Fuel Cells for Transportation in Michigan next Spring. Over the
next few days, keep a particularly close eye on our coverage of the
unfolding Enron saga, as we will be bringing you some of the very latest
breaking news as it happens...
All that remains is to wish everyone in North America a very Happy
Thanksgiving from all of us at Eyeforenergy. If you have any comments or
enquiries about this Update, drop us a line at
mailto:[email protected].
CONTENTS:
- EVENTS UPDATE: New EyeforFuelCells event announced for Detroit, 2002
- RECENT HEADLINES
EVENTS UPDATE
* The Business of Fuel Cells for Stationary Applications
Le Plaza Hotel, Brussels
November 27-28 2001
Our sister company, EyeforFuelCells is giving away a FREE ticket each week
for this groundbreaking European conference in Brussels later this month.
Organisations who will be represented at this event include Gaz de France,
DuPont, Johnson Matthey, Global Thermoelectric, Alstom Ballard, Cogen
Europe, the World Fuel Cell Council, the European Commission, ZeTek Power
Products, Honda Europe Power Equipment, the Royal Military Academy of
Belgium, Chevron Texaco, Metasource, Nuvera Fuel Cells Europe,
Siemens-Westinghouse Power Corp, and many more.
To enter the draw and for more information, please visit:
http://www.eyeforfuelcells.com/
* EEO Europe: Energy Trading in the New Economy
Amsterdam, 19-21 February 2002
Following up for our sell-out conference in Phoenix, December 2001 that was
attended by over 250 CEO's, senior executives and press, and Energy
Exchanges Online II: Energy Trading in the New Economy USA (September
2001), Eyeforenergy brings you the premier networking and discussion
conference for the energy trading community. Meet, do business and discuss
the big issues over 2 days with the leaders in energy trading in Amsterdam.
To find out more information, including discounts for pre-registration,
speaking, sponsoring and exhibiting opportunities, click here:
http://www.eyeforenergy.com/eurotrading/
* Emissions Trading 2002
Okura Hotel, Amsterdam, 19-21 February 2002
Emissions trading options are ripe for the picking - so how can you make
sure you're ready to profit from GHG? Let's face it - you can't really
afford not to be, especially as the World Bank has estimated demand in the
international GHG trading system to be in the order of US$20 billion per
annum by 2010.
Eyeforenergy is delighted to bring you this event which will focus on how
you can best seize this exciting nwe market opportunity. As ever, the
conference will be driven by the industry leaders in this arena, backed up
by expert advice from those helping the indsutry make the right moves in
emissions.
Click here for further information:
http://www.eyeforenergy.com/emissions/
* Weather Trading 2002
Okura Hotel, Amsterdam, 19-21 February 2002
Today's business is all about risk and how to mitigate it. Weather
derivatives has become one of the key tools industries as wide ranging at
utilities, airlines, and agriculture have at hand to off-set risks
associated with temperature and precipitation. With over 70% of Europe's
companies facing weather-related risk, knowing about the latest advances in
weather trading is a necessity.
Eyeforenergy's latest event will be run in conjunction with our European
online trading conference, Energy Trading in the New Economy, and
Eyeforenergy's Emissions Trading 2002 event, so you can learn about the
latest developments in energy and emissions trading all under one roof.
Click here for further information:
http://www.eyeforenergy.com/weather/
* The Business of Fuel Cells for Transportation
Dearborn Hotel, Detroit, Michigan
April 30 - May 1, 2002
As manufacturers are increasingly developing technologies with the energy
industry, the auto industry is globalising at an unprecedented rate and both
OEMs and suppliers are renegotiating their alternative vehicle programs.
This event will examine all possible applications in teh transport industry
including synergies with hybrid automobiles and the potentially lucrative
APU market.
Fueling infrastructure will also be covered and, with BP recently launching
Hydrogen fueling stations in Singapore, this issure could not be more timely
or pertinent. If you have a story to tell, a product to promote or would
simply like to get the full lowdown on the movers and shakers in the
industry then, if you're not already in Detroit, you'll certainly want to be
there in April 2002.
For more information, please visit:
http://www.eyeforfuelcells.com/
LATEST HEADLINES
Enron Deal on the Brink, Dynegy to Renegotiate Deal
http://www.eyeforenergy.com/content.asp?news=23227
AEP Ventures Into Renewable Energy
http://www.eyeforenergy.com/content.asp?news=23190
Shell Renewables Takes stake in U.S. Wind Power Market
http://www.eyeforenergy.com/content.asp?news=23057
General Motors Says Fuel Cells To Power Homes In Addition To Vehicles
http://www.eyeforenergy.com/content.asp?news=23052
NYMEX on a Roll, Sets Overnight Trading Record
http://www.eyeforenergy.com/content.asp?news=23051
Nuon Taps Sakonnet Technology's Trading and Risk Management Solution
http://www.eyeforenergy.com/content.asp?news=23144
------------------------------------------------------------
This update is provided as part of the Eyeforenergy Briefing service. In
addition to these updates, you will receive a comprehensive newsletter every
other week, with fresh in-depth analysis, reports and insights into the
issues currently affecting different areas of the energy industry.
To subscribe,
email: <mailto:[email protected]>
or alternatively send a message to
<mailto:[email protected]?Subject=BriefingSubscribe>
To unsubscribe,
email: <mailto:[email protected]>
or alternatively send a message to
<mailto:[email protected]?Subject=BriefingUnSubscribe> |
<http://www.ashford.com/newwatch/products/Newsletter/images/newsletter_headernew.gif>
<http://www.ashford.com/newwatch/products/Newsletter/images/transpace.gif>
<http://www.ashford.com/a2k/_images/blank.gif>
<http://www.ashford.com/a2k/_images/blank.gif> Click Here to Start Shopping <http://www.ashford.com/doorway.asp?eid=189907&urlid=9547>
<http://www.ashford.com/a2k/_images/blank.gif>
Whether you're looking for diamond stud earrings or an engagement ring, Ashford is your diamond source. Our diamond department <http://www.ashford.com/doorway.asp?eid=189907&urlid=9547> has been redesigned to make it easier to find what you're looking for. We also offer a complete buying guide <http://www.ashford.com/doorway.asp?eid=189907&urlid=9548> to take the fear out of diamond buying. And, if you still have questions, our experts are just a call away. Remember, Ashford offers
a 30-day refund policy, so you can always shop with confidence!
<http://www.ashford.com/a2k/_images/blank.gif>
<http://www.ashford.com/a2k/_images/blank.gif>
Loose Diamonds <http://www.ashford.com/doorway.asp?eid=189907&urlid=9549>
<http://www.ashford.com/a2k/_images/blank.gif>
A world class selection of loose diamonds. More than 6,000 certified diamonds to choose from. All shapes and all sizes.
More than 6,000 Loose Diamonds <http://www.ashford.com/doorway.asp?eid=189907&urlid=9549>
<http://www.ashford.com/a2k/_images/blank.gif>
Build Your Dream Ring in 3 Steps <http://www.ashford.com/doorway.asp?eid=189907&urlid=9550> Build Your Ring <http://www.ashford.com/doorway.asp?eid=189907&urlid=9550>
<http://www.ashford.com/a2k/_images/blank.gif>
Create the perfect ring! Our unique service lets you easily mix and match diamonds with settings. Make your selections, view the result online and create your dream ring in minutes.
<http://www.ashford.com/a2k/_images/blank.gif>
Diamond Studs <http://www.ashford.com/doorway.asp?eid=189907&urlid=9551>
<http://www.ashford.com/a2k/_images/blank.gif>
A classic fashion accessory. A wide selection of diamond stud earrings starting at just $300.
Diamond Stud Earrings <http://www.ashford.com/doorway.asp?eid=189907&urlid=9551>
<http://www.ashford.com/a2k/_images/blank.gif>
<http://www.ashford.com/a2k/_images/blank.gif>
<http://www.ashford.com/a2k/_images/blank.gif>
<http://www.ashford.com/a2k/_images/grey.gif> <http://www.ashford.com/a2k/_images/blank.gif>
<http://www.ashford.com/newwatch/products/Newsletter/images/best_sellers.gif>
<http://www.ashford.com/a2k/_images/blank.gif>
> Minerva TimeZone Limited Edition <http://www.ashford.com/doorway.asp?eid=189907&urlid=9552>
<http://www.ashford.com/a2k/_images/blank.gif>
> Lambertson Truex Handbag <http://www.ashford.com/doorway.asp?eid=189907&urlid=9553>
<http://www.ashford.com/a2k/_images/blank.gif>
> Ashford Collection Earrings <http://www.ashford.com/doorway.asp?eid=189907&urlid=9554>
<http://www.ashford.com/a2k/_images/blank.gif>
> Citizen Skyhawk <http://www.ashford.com/doorway.asp?eid=189907&urlid=9555>
<http://www.ashford.com/a2k/_images/blank.gif>
> Dooney & Bourke Handbag <http://www.ashford.com/doorway.asp?eid=189907&urlid=9556>
<http://www.ashford.com/a2k/_images/blank.gif>
> Bulova Mens Bracelet <http://www.ashford.com/doorway.asp?eid=189907&urlid=9557>
<http://www.ashford.com/a2k/_images/blank.gif>
> Dolce & Gabbana Plastic Rectangles <http://www.ashford.com/doorway.asp?eid=189907&urlid=9558>
<http://www.ashford.com/a2k/_images/blank.gif>
> Jay Strongwater Pale Pink & Antique Brass Frame <http://www.ashford.com/doorway.asp?eid=189907&urlid=9559>
<http://www.ashford.com/a2k/_images/blank.gif>
> Echo Solid Shawl/Wrap <http://www.ashford.com/doorway.asp?eid=189907&urlid=9560>
<http://www.ashford.com/a2k/_images/blank.gif>
> Atlantis Dune <http://www.ashford.com/doorway.asp?eid=189907&urlid=9561>
<http://www.ashford.com/a2k/_images/blank.gif>
<http://www.ashford.com/a2k/_images/blank.gif>
<http://www.ashford.com/newwatch/products/Newsletter/images/from_buyers.gif>
<http://www.ashford.com/a2k/_images/blank.gif>
Movado Eliro <http://www.ashford.com/doorway.asp?eid=189907&urlid=9562>
<http://www.ashford.com/a2k/_images/blank.gif>
Movado <http://www.ashford.com/doorway.asp?eid=189907&urlid=9563>
<http://www.ashford.com/a2k/_images/blank.gif>
With over a century of design innovation, Movado watches are distinctly original and extremely popular. Ashford is proud to offer a fine selection of Movado watches.
<http://www.ashford.com/a2k/_images/back.gif>
<http://www.ashford.com/a2k/_images/blank.gif>
<http://www.ashford.com/a2k/_images/blank.gif>
P.S. Please feel free to forward this email to all of your friends. They'll thank you for it! Friends can subscribe to Ashford.com email by clicking here: Subscribe to Ashford.com <http://www.ashford.com/doorway.asp?eid=189907&urlid=9564>.
<http://www.ashford.com/a2k/_images/blank.gif>
Let us hear from you. If you have any suggestions or any problems with your email, or if you need to change your email address, please contact [email protected]. <mailto:[email protected]>
<http://www.ashford.com/a2k/_images/blank.gif>
You are receiving this email because you have subscribed to the Ashford newsletter. To unsubscribe, send a message to [email protected] <mailto:[email protected]> and put the word 'remove' in the subject line.
<http://www.ashford.com/a2k/_images/blank.gif> |
Janet, Gil and Ed,
Please note Les' latest summary of Elba. Things seem to be coming to a head
there. Southern Co. was in town last Thursday to visit us and Les agreed to
start working on a letter of intent with Southern Co for the sale of gas from
the terminal. We have been asked to work up a good price for gas at Elba by
Les. I have started working with John Hodge and John Griffith on this.
So. Co.'s latest offer was Hub + $.12 for all 160,000 dt/d. So. Co. wants
100,000 dt/d at Elba and will give us the option of selling to them the
remaining 60,000 dt/d at Elba or Destin at our option. We have not discussed
what a price at Destin should be. So. Co. has some leverage with El Paso
that can be instrumental in helping Les with his negotiations below.
Additionally, they may be the only party that can burn the high btu gas and
significantly improve the btu issue at Elba.
We should be better prepared to talk about this by Wednesday. Let me know if
you have any questions.
---------------------- Forwarded by Phil DeMoes/Corp/Enron on 11/20/2000
07:28 AM ---------------------------
Les Webber @ ENRON_DEVELOPMENT
11/18/2000 03:47 PM
To: Doug Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, [email protected],
[email protected]
cc: Shelley Corman@ENRON, Phil DeMoes/Corp/Enron@ENRON, David L Fairley@ECT
Subject: SOUTHERN LNG re ELBA ISLAND LNG TERMINAL
GREETINGS:
On November 17, 2000 Southern LNG advised the FERC that it "has determined to
withdraw the Btu stabilization options from the instant certificate
application", such application being the one seeking to amend the certificate
issued by the FERC in March, 2000 authorizing Southern LNG to reactivate the
LNG terminal at Elba Island.
With this withdrawal, the El Paso organization has drawn its line in the
sand. We plan to vigorously protest this withdrawal at the FERC within the
15 day period allowed by FERC procedures. This gives us until December 2,
2000 to file which, presumably, would be extended until Monday, December 4,
2000.
Our filing will be of an adversarial nature, so the Enron organization needs
to be on board with our intended filing, which we will commence drafting on
November 20, 2000. Drafts will be circulated to the appropriate personnel,
so please advise us re any additions in that regard.
At the same time, this decision by Southern LNG will focus our resolve to
complete the commercial transaction with El Paso Merchant Energy. We have
come to accept some of the less desirable features of the Letter
Agreement/Term Sheet signed with El Paso Merchant Energy on October 13, 1999,
inasmuch as the more important aspects are very much in our favor, including
several that Southern LNG found rather unsettling. We will discuss the path
forward with El Paso Merchant Energy on November 21-22, 2000.
While we remain open to a solution to the quality issue that leaves our
commercial flexibility and optionality intact, we must be positioned to move
forward resolutely and in a timely manner with both El Paso Merchant Energy
and Southern LNG. We cannot afford to stop these processes while we discuss
alternative solutions.
On Wednesday, November 15, 2000, we gave both Mike Varagona and David Jenkins
of El Paso Merchant Energy a "heads-up" regarding our likely response to
Southern LNG's proposed letter agreement dated November 1, 2000. We
indicated we would be asking Southern LNG to bifurcate the FERC proceeding
into the Vaporizer Project, that could proceed quickly and on an independent
path to certification, and the Stabilization Project, that required
considerably more technical analyses before it could proceed. When I
contacted Mike Varagona on Friday, November 17, 2000, after we received a
copy of Southern LNG's letter to the FERC, he stated that he had not been
advised by Southern LNG regarding its decision, hence, had not been
positioned to return the favor.
Mr. Varagona will be in Houston on November 21 and 22, and he wants to meet
with us. He is still pushing for a commercial solution that sees El Paso
"take on the quality risk" in return for our firming up our volumes to El
Paso Merchant Energy at an improved price of Henry Hub plus approx. $0.08 per
MMBtu. Let there be no doubt that El Paso and Southern LNG will find a
solution to the quality issue at little or no cost. He said he would like to
prepare us an outline of an offer. to which I responded that he had nothing
to lose by doing so. The usual practice has been for Enron to do this and
for El Paso to respond with "I don't think that will work".
Mr. Varagona also indicated that he did not see how the Letter Agreement/Term
Sheet could form the basis of the commercial arrangement between our
respective companies - "It just won't work!". As a consequence, he stated
that Clarke Smith, head of El Paso Merchant Energy, has already contacted or
will shortly contact our Mike McConnell to see if they can work to resolve
this matter. Apparently, these gentlemen have developed a good working
relationship over the years. He also alluded to the possibility that Mr.
Smith may have also contacted our Stan Horton (for less than obvious reasons
to me).
Mr. Varagona further advised me that a Duke/Williams joint venture had just
acquired the rights to the Gulfstream Pipeline Project from Coastal
(divestment of this asset was required, I understand, as part of the El
Paso/Coastal merger). "This situation gives added impetus to development of
the Cypress Pipeline project by Enron and El Paso."
There is considerable merit in Enron retaining the right to market its own
gas out of the Elba Island LNG Terminal. However, we may find it desirable
to reach some commercial resolution with El Paso Merchant Energy for a
portion of our volumes that also makes the quality issue disappear. However,
should we decide to so compromise, we must either fully engage Southern LNG
in that solution or totally eliminate them from all aspects of our agreement
with El Paso. In the case of Southern LNG, we are dealing with one or more
individuals who see only one way to do things. namely their way, and who are
totally opposed to working with Enron. I would recommend any compromise with
El Paso Merchant Energy be conditioned on first reaching agreement with
Southern LNG on explicit terms acceptable to us (and checking it twice).
I would appreciate receiving your comments, if any, before Thanksgiving.
Regards.
Les Webber |
Please approve the attached Product Types.
Melba Lozano
713-345-8986
713-646-8511 Fax
713-698-4847 Pager
-----Original Message-----
From: Lozano, Melba
Sent: Wednesday, May 23, 2001 11:37 AM
To: Sager, Elizabeth; Moran, Tom; Hayden, Frank; White, Stacey; Blumenthal,
Jeff; Musch, Susan; Gockerman, Matthew F.; Taylor, Mark
Cc: Cass, Robert B.; Walker, Chris; Meredith, Kevin; Alatorre, Carlos; Lees,
Lisa; Sever, Stephanie; O'day, Karen; Jones, Tana; Lambert, Karen; Lombardi,
Kelly
Subject: US Power Phy Options - Approval Needed
Importance: High
Your review and approval of the following product types in the EOL
Datamanager is needed (for directions on approval , please see steps for
approval at the bottom of this e-mail). If you have any questions please call
me at ext. 58986.
******** DO NOT APPROVE PRODUCT TYPES BETWEEN THE HOURS OF 6AM -
11AM***********
Traders: Harry Arora and Robert Stalford
Product
Names: US East Power Phy Option Call (2077)
US East Power Phy Option Put (2078)
US Pwr Phy Opt PJM-W EPXXX Jul01 USD/MWh
A US Power Transaction with Enron Power Marketing, Inc., under which the Put
Option Buyer has the right, but not the obligation, to elect on the Exercise
Date to schedule and deliver, and the Put Option Seller would have the
obligation to schedule, receive and pay for at the Strike Price, a quantity
of firm energy equal to the Hourly Quantity for each applicable hour during
the term of the transaction. The Strike Price shall be as set forth in the
Product description on the Website. As consideration for this right, the Put
Option Buyer shall be required to pay to the Put Option Seller the Premium
which shall be equal to the product of (i) the price submitted by
Counterparty via EnronOnline, multiplied by (ii) the total number of hours
during the term of the transaction, multiplied by (iii) the Hourly Quantity.
The Payment Date for the Premium shall be within two (2) business days of the
Transaction Date. The Option style and type shall be a monthly European Put
("EP").
The transaction is for the applicable hours as set forth herein on each
Delivery Day for the Effective Date 01 Jul 2001 to the Termination Date 31
Jul 2001.
The transaction is for delivery or receipt of energy at the PJM Western Hub.
The price is quoted in US Dollars 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').
In order to exercise the Option, the Option Buyer shall provide telephonic
notice to the Option Seller prior to 10:00 am (Eastern Prevailing Time) on
the Exercise Date. The Exercise Date shall be the second penultimate NERC
business day of the month prior to the month in which the term commences.
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning
with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300
(11:00 pm) Eastern Prevailing Time. "Delivery Day" means a day during the
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or
Friday, excluding any day that is a NERC holiday.
US Pwr Phy Opt PJM-W ECXXX Jul01 USD/MWh
A US Power Transaction with Enron Power Marketing, Inc., under which the Call
Option Buyer has the right, but not the obligation, to elect on the Exercise
Date to schedule, receive and pay for at the Strike Price, and the Call
Option Seller would have the obligation to schedule and deliver, a quantity
of firm energy equal to the Hourly Quantity for each applicable hour during
the term of the transaction. The Strike Price shall be as set forth in the
Product description on the Website. As consideration for this right, the Call
Option Buyer shall be required to pay to the Call Option Seller the Premium
which shall be equal to the product of (i) the price submitted by
Counterparty via EnronOnline, multiplied by (ii) the total number of hours
during the term of the transaction, multiplied by (iii) the Hourly Quantity.
The Payment Date for the Premium shall be within two (2) business days of the
Transaction Date. The Option style and type shall be a monthly European Call
("EC").
The transaction is for the applicable hours as set forth herein on each
Delivery Day for the Effective Date 01 Jul 2001 to the Termination Date 31
Jul 2001.
The transaction is for delivery or receipt of energy at the PJM Western Hub.
The price is quoted in US Dollars 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').
In order to exercise the Option, the Option Buyer shall provide telephonic
notice to the Option Seller prior to 10:00 am (Eastern Prevailing Time) on
the Exercise Date. The Exercise Date shall be the second penultimate NERC
business day of the month prior to the month in which the term commences.
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning
with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300
(11:00 pm) Eastern Prevailing Time. "Delivery Day" means a day during the
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or
Friday, excluding any day that is a NERC holiday.
==============================================================================
STEPS FOR APPROVAL:
click the START button
select PROGRAMS
select TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Partially Approved"
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up |
GADSDEN RESEARCH SERVICES'
FERCw [IMAGE]tch?
?Issued?April?4,?2001
?
ELECTRIC?/ HYDRO?Report:
?
Public Service Company of New Mexico, ER01-1677--000 (03/30/01) --
Amendments to Open Access Transmission Tariff to incorporate procedures PNM
will employ with respect to requests to interconnect new generators with
PNM's system or to increase the capacity for existing interconnections.
VIEW DOCUMENT
REQUEST A COPY: [email protected].
?
Consumers Energy Company and Michigan Electric Transmission Company,
ER01-1683-000 and EC01-83--000 (03/30/01) -- Notification of consummation of
transactions authorizing the transfer of Consumers jurisdictional
transmission assets to the Michigan Transco in compliance with FERC's
January 10, 2001 order in EC01-4-000 and ER01-414-000.? Includes Operating
Agreement between Michigan Transco and Consumers and other documents
relative to transfer.
VIEW DOCUMENT
REQUEST A COPY: [email protected].
?
Portland General Electric Company, ER01-1685-000 (04/02/01) -- Amendments to
Open Access Transmission Tariff prescribing the procedures PGE will employ
with respect to requests to interconnect new generators with the PGE system
or to increase the capacity for existing interconnections.
VIEW DOCUMENT
REQUEST A COPY: [email protected].
>?
California Independent System Operator, ER01-1691-000; Pacific Gas and
Electric Company, ER01-1696-000; San Diego Gas & Electric Company,
ER01-1686-000; Southern California Edison Company (Docket
Unassigned)?(04/02/01) -- Amendment No. 39 to ISO tariff in compliance with
FERC's December 15, 2000 Order Directing Remedies for California Wholesale
Markets, 93 FERC ?61,294, directing the ISO to file generation
interconnection procedures by April 2, 2001 and the California
Investor-Owned Utilities to file "IPs that are compatible with those
developed by the ISO."
VIEW CAISO DOCUMENT
VIEW PG&E DOCUMENT
VIEW SDG&E DOCUMENT
REQUEST A COPY: [email protected].
?
Cambridge Electric Light Company, ER01-1695-000 (04/02/01) -- Standard Form
of Interconnection Agreement to govern the rights and responsibilities of
Cambridge and new generators with regard to?the addition of new generation
to Cambridge's transmission system.
VIEW DOCUMENT
REQUEST A COPY: [email protected].
?
Boston Edison?Company, ER01-1705-000 (04/02/01) -- Standard Form of
Interconnection Agreement to govern the rights and responsibilities of BECO
and new generators with regard to?the addition of new generation to BECO's
transmission system.
DOCUMENT LINK NOT AVAILABLE
REQUEST A COPY: [email protected].
?
PJM Interconnection LLC, ER01-1717-000 (04/02/01) -- Amendments to the PJM
Open Access Transmission Tariff and Operating Agreement to modify provisions
regarding compliance with PJM's creditworthiness standards and for
termination of service by PJM in the event of customer default and failure
to cure upon notice.
DOCUMENT LINK NOT AVAILABLE
REQUEST A COPY: [email protected].
?
Delano Energy Company, Inc., Mountaiview Power Co., L.L.C., Riverside Canal
Power Company and AES Ecotek Holdings, L.L.C., EC01-86-000 (04/03/01) --
Joint application to transfer control over jurisdicitional assets of Delano,
Mountainview and Riverside to AES Ecotek pursuant to a Stock Purchase
Agreement between AES Ecotek and Thermo Electron Corporation, parent company
of the operating companies.
DOCUMENT LINK NOT?AVAILABLE
REQUEST A COPY: [email protected].
?
?
_________________________________________________________
______________________________
?
NATURAL GAS / OIL?Report:
?
Colorado Interstate Gas Company, RP01-350-000 (03/30/01) -- Section 4
general rate filing for an increase in revenues from CIG's jurisdictional
transmission and storage customers of approximately $9.4 million per year.
VIEW DOCUMENT
REQUEST A COPY: [email protected].
?
PG&E Gas Transmission, Northwest Corporation, CP01-141-000 (04/02/01) --
2002 Pipeline Expansion Project to allow the transmission of more than
207,000 Mcf per day of additional gas into the Pacific Northwest and
California marketplace.
DOCUMENT LINK NOT AVAILABLE
REQUEST A COPY: [email protected].
________________________________________
?
[To request a copy of any of the above listed? filings, please call
202-255-4771 or toll-free, 1-877-544-4771; or send an e-mail
[email protected])]
??????????????????????????????????????????????????????????????????????????????
??????????????????????????????????????????????????????????????????????????????
?????????????????????????????????
?
GRS' FERCwatch e-mail notification is a free courtesy service of Gadsden
Research Services, energy research and document retrieval specialists.?
Periodically (generally once or twice weekly), GRS will broadcast FERCwatch
with descriptions of?major FERC issuances or filings such as rulemakings,
policy statements, mergers,?new rate filings, major?rate changes, and
certificate filings.
?
GRS can provide hardcopies?of any of the above listed items at nominal
charges;?for document requests or estimates of charges, please reply
[email protected]?or call 202.255.4771 (toll free, 1.877.544.4771).
?
For an e-mailed?copy of?a brochure?of GRS services and rates for FERC and
other federal agency research please e-mail your request to
[email protected].? For a mailed copy, please include your name, firm
name and street address.? For?a faxed copy, please include your fax number.
?
The FERCwatch subscription list is used for the sole purpose of providing
information on FERC and energy industry activity and will not be sold or
otherwise distributed to any other business or organization.? For additions
or removal from the FERCwatch notification list, please reply
[email protected].
?
Send suggestions on how the GRS' FERCwatch can better serve the?energy
community [email protected].
- clip_image002.gif |
Info from the press conference today
Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 02/08/2001 11:51 AM -----
"Allen, Stevan" <[email protected]>
02/08/2001 10:39 AM
To: "Beiser, Megan" <[email protected]>, "''[email protected]' '"
<[email protected]>, "'Aaron Thomas (E-mail) (E-mail) '"
<[email protected]>, "'Andrea Weller (E-mail) (E-mail) '"
<[email protected]>, "'andrew Chau (E-mail) (E-mail) '" <[email protected]>,
"'Bill Chen (E-mail) (E-mail) '" <[email protected]>, "'Douglas Oglesby
(E-mail) (E-mail) '" <[email protected]>, "Fairchild, Tracy"
<[email protected]>, "'Jeffrey Hanson (E-mail) (E-mail) '"
<[email protected]>, "'jennifer Chamberlin (E-mail) (E-mail) '"
<[email protected]>, "'john Barthrop (E-mail) (E-mail) '"
<[email protected]>, "'John Leslie (E-mail) (E-mail) '"
<[email protected]>, "'Joseph Alamo (E-mail) (E-mail) '" <[email protected]>,
"''Michael Nelson' (E-mail) '" <[email protected]>, "'Mona Petrochka
(E-mail) '" <[email protected]>, "'Peter Bray (E-mail) (E-mail) '"
<[email protected]>, "'Rebecca Schlanert (E-mail) (E-mail) '"
<[email protected]>, "'Richard Counihan (E-mail) (E-mail) '"
<[email protected]>, "''Robert Morgan' (E-mail) '"
<[email protected]>, "'Sue Mara (E-mail) (E-mail) '" <[email protected]>
cc: "Warner, Jami" <[email protected]>, "Manuel, Erica"
<[email protected]>, "Fairchild, Tracy" <[email protected]>,
"Anderson, Kristin" <[email protected]>
Subject: AReM: Angelides News Conf
AReM Team:
The following is an overview from:
9 a.m., SACRAMENTO _ State Treasurer Phil Angelides
holds media briefing to discuss issuance of energy-related bonds, 915
Capitol
Mall, room 110. Contact: Colleen Beamish, 916-653-4052.
While we have not had time to analyze or digest in detail, here is what
Angelides said:
Angelides: Laid out what needs to be done for the Treasurer's office to
implement AB 1X and what is and isn't appropriate role of the state for
getting the IOUs solvent.
Angelides: "These will be largest (amount of) municipal bonds issued in
nation's history."
Angelides: Estimated bonds would be in $10 billion range. (This echoes what
he said in Jan. 5 news conference)
Angelides: Goal is to arrange short-term external financing by beginning of
March. This would account for about $2 billion. If they don't get that
amount by March 1, 2001, the State will tap into the General Fund. (NOTE:
This appears to be different from the $2 billion he talked about last month
for the renewable energy and conservation load program -- the reserve fund
he would use to reduce the intereset paid to the consumers.)
Angelides: It is "fortunate" that this is happening when State of California
currently has a $5.8 billion surplus.
Angelides: By passing AB 1X, the State has "provided for stability on a
going forward basis" for the utilities.
Angelides: "The next step is for the utilities." -- i.e. - the ball is in
their court because the IOUs aren't now in a position where they necessarily
are going to be insolvent, so they have decisions to make. Do they want to
sell off transmission assets or do they want to pursue the bankruptcy
option?
Angelides: "A buyout, not a bailout makes sense." because it "would give
liquidity to the utilities."
Angelides: Announced he was assembling full financing team which would be in
place by Friday.
Angelides: Also said that before bonds could be issued, interim steps needed
to be taken. Specifically -- that DWR and PUC must reach an agreement on
what rates must be paid on power contracts.
On the phone were: * Michael Kahn; Laura Holson (sp?); Debra Feinstone
(sp?) -- All three listened in and did not participate.
We will be faxing handouts and news releases of this and other news
conferences to the team. If you don't receive them, please contact Kristin
Anderson at 916/442-2331 to request a fax.
PS - The Connell news conference has been postponed.
-----Original Message-----
From: Beiser, Megan
To: '[email protected]'; Aaron Thomas (E-mail) (E-mail); Andrea Weller
(E-mail) (E-mail); andrew Chau (E-mail) (E-mail); Bill Chen (E-mail)
(E-mail); Douglas Oglesby (E-mail) (E-mail); Fairchild, Tracy; Jeffrey
Hanson (E-mail) (E-mail); jennifer Chamberlin (E-mail) (E-mail); john
Barthrop (E-mail) (E-mail); John Leslie (E-mail) (E-mail); Joseph Alamo
(E-mail) (E-mail); 'Michael Nelson' (E-mail); Mona Petrochka (E-mail); Peter
Bray (E-mail) (E-mail); Rebecca Schlanert (E-mail) (E-mail); Richard
Counihan (E-mail) (E-mail); 'Robert Morgan' (E-mail); Sue Mara (E-mail)
(E-mail)
Cc: Allen, Stevan; Warner, Jami; Manuel, Erica; Fairchild, Tracy; Anderson,
Kristin
Sent: 2/8/01 11:40 AM
Subject: Several Press Briefings in Sacramento today
AReM-ers,
It's a busy day today for press briefings as you can see from the
schedule below. We'll be covering these events this morning and will
get news releases, press materials from all as well.
We will provide updates as soon as possible and get them out to you.
*********************
9 a.m., SACRAMENTO _ State Treasurer Phil Angelides
holds
media briefing to discuss issuance of energy-related bonds, 915 Capitol
Mall, room 110. Contact: Colleen Beamish, 916-653-4052.
9:30 a.m., SACRAMENTO _ Assembly Speaker Robert Hertzberg and others
discuss legislation to promote energy conservation and increase power
supplies, Capitol, room 317. Contact: Paul Hefner, 916-319-2408.
11:30 a.m., YUBA CITY _ Gov. Gray Davis discusses his plans to increase
electricity generating capacity in California, Sutter power plant
project,
5087-A South Township Rd. Contact: 916-445-4571.
Noon, SACRAMENTO _ Republican lawmakers hold news conference to discuss
failure of parent companies to keep their utility subsidiaries
sufficiently
solvent to serve the public interest, Capitol, room 1190. Contact: Wade
Teasdale, 916-445-3731. |
dear darlings, this all sounds dreamy to moi... yayayayayayayayayy!
-----Original Message-----
From: Prentice Sellers [mailto:[email protected]]
Sent: Tuesday, June 12, 2001 2:55 PM
To: Molly Coffin; [email protected]; 'Scott Laughlin'; Colleen
Silva
Subject: RE: Domaine
This is what I think the deal is. The boys have to take two cars cause
there will be six of us on the way back. I think Scott and Molly (the
creative, non-9-5 types) are going to drive together and try to leave before
traffic on Friday (i.e., before 2 p.m.). My guess is that then Colleen and
Jeff (the creative-but-not-giving-up-their-day-job types) are going to drive
together and leave after traffic. (i.e., after 7 p.m.). This scenario,
however, is all my own deductive reasoning and could easily be WRONG. I
expect we will know more after tonight...
-----Original Message-----
From: Colleen Silva [mailto:[email protected]]
Sent: Tuesday, June 12, 2001 1:01 PM
To: 'Scott Laughlin'; 'PP'; '[email protected]'
Subject: RE: Domaine
hey boys am i driving with you on friday and if so what time'er ya leaving?
-----Original Message-----
From: Cameron Sellers [mailto:[email protected]]
Sent: Tuesday, June 12, 2001 12:04 PM
To: 'Colleen Silva (RedSky)'; 'Molly Coffin (Hotmail)'; 'Scott
Laughlin'; 'PP'; '[email protected]'
Subject: FW: Domaine
We usually stop in Napa on the way back from the festival for an early
dinner and relaxing before heading back to the city. So, don't forget to
bring your bathing suits with you so you can swim and stuff.
See you all up there. Wish me luck flying with Prentice at the
controls!!!!!
-C
-----Original Message-----
From: Nancy Sellers [mailto:[email protected]]
Sent: Tuesday, June 12, 2001 10:14 AM
To: 'Cameron Sellers'
Subject: RE: Domaine
Good - tell them to bring their swimming suits. We'll also have volleyball,
croquet, ping pong and bocce (just kidding)
-----Original Message-----
From: Cameron Sellers [mailto:[email protected]]
Sent: Tuesday, June 12, 2001 10:06 AM
To: 'Nancy Sellers'
Subject: RE: Domaine
There will probably be 6 of us (the four + molly and colleen)
Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
[email protected]
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)
-----Original Message-----
From: Nancy Sellers [mailto:[email protected]]
Sent: Tuesday, June 12, 2001 10:02 AM
To: 'Cameron Sellers'
Subject: RE: Domaine
The one with the lavender sauce - I sure do - and I even have fresh lavender
in the garden. How many people?
-----Original Message-----
From: Cameron Sellers [mailto:[email protected]]
Sent: Tuesday, June 12, 2001 9:53 AM
To: 'Nancy Sellers'
Subject: RE: Domaine
Something with polenta. How about the pork chop we made before. Do you
still have that recipe??
Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
[email protected]
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)
-----Original Message-----
From: Nancy Sellers [mailto:[email protected]]
Sent: Tuesday, June 12, 2001 8:12 AM
To: 'Cameron Sellers'
Subject: RE: Domaine
of course you can what would you like to fix
-----Original Message-----
From: Cameron Sellers [mailto:[email protected]]
Sent: Monday, June 11, 2001 3:46 PM
To: 'Nancy Sellers'
Subject: RE: Domaine
Not sure which pictures I want - I just thought some of them were pretty
good. I'll have to figure it out.
I think you are going to see us sometime. We usually stop by Napa on our
way back from the festival this weekend. Will you be around - can we do our
Sunday dinner in Napa??
Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
[email protected]
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)
-----Original Message-----
From: Nancy Sellers [mailto:[email protected]]
Sent: Monday, June 11, 2001 2:37 PM
To: 'Cameron Sellers'
Subject: RE: Domaine
I sent some to Linda - which ones do you want? Am I ever going to see you
again?
-----Original Message-----
From: Cameron Sellers [mailto:[email protected]]
Sent: Monday, June 11, 2001 1:33 PM
To: 'Nancy Sellers'
Subject: RE: Domaine
They were great pictures!! I want some copies ok??
Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
[email protected]
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)
-----Original Message-----
From: Nancy Sellers [mailto:[email protected]]
Sent: Monday, June 11, 2001 11:17 AM
To: 'Cameron Sellers'
Subject: RE: Domaine
Did you get the pix from your birthday?
-----Original Message-----
From: Cameron Sellers [mailto:[email protected]]
Sent: Monday, June 11, 2001 11:06 AM
To: 'Nancy Sellers'
Subject: RE: Domaine
I'll get a case. Thanks!
Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
[email protected]
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)
-----Original Message-----
From: Nancy Sellers [mailto:[email protected]]
Sent: Monday, June 04, 2001 3:23 PM
To: 'DAVE BAILEY'; Marta Rich; Cindy Milani; James Cravy; Tim McDaniel;
Kevin Zeigler; Debi Best; 'Eldon Sellers'; Barrie Eddy; Carol
Frommelt;
Cindy Nagy; Karen O'Neill; Kathy Allen; Linda Rominger; Nancy
Sellers; Peggy
Hammett; Sarah deSilva; Tersilla; Cameron; Jeff Dasovich; Prentice @
Berkeley; Prentice Sellers; Scott Laughlin
Subject: Domaine
I am going to order some more Domaine on June 25. If you want any more,
please put a check in the mail to me for $64.50 a case so that I receive it
by June 25. I am only going to order whole cases this time. Depending on
the number of cases, delivery will probably be on June 28. Thanks.
Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante" |
<http://mojofarm.mediaplex.com/ad/tr/1083-4800-233-30?mpe=1248145&mpm=9079006>
Wells Fargo Small Business Roundup Newsletter <http://63.209.29.152/ads/1083/4800/wells_header.gif>
October Issue <http://63.209.29.152/ads/1083/4800/month.gif>
Welcome to the October Issue of the Wells Fargo Small Business Round-Up? newsletter.
Better Bookkeeping, Better Results
Few small business owners enjoy the accounting and bookkeeping side of running a business. However, you can't and shouldn't avoid it. Learn <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=1-30&mpe=1248145&mpm=9079006> about the benefits other owners get from these seemingly tedious chores.
You've Got a Website... Now What?
Just because you built a Web site, visitors won't necessarily come unless you register your site with search engines that direct traffic on the Web. Read about steps <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=2-30&mpe=1248145&mpm=9079006> to make your site visible.
The Twelve Ways of Christmas
It's never too early to prepare your business for the Holiday rush. Here's a new take on "The Twelve Days of Christmas", tailor-made to help small businesses prepare for the holiday season. Check out <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=3-30&mpe=1248145&mpm=9079006> the ideas-and hum along.
Using Credit To Improve Your Cash Flow
Using Wells Fargo Business Cards adds flexibility and simplicity to any company's purchasing process. Find out <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=4-30&mpe=1248145&mpm=9079006> how one high-tech company benefits.
Check Your Calendar
Oct is National Disability Employment Awareness Month
Oct 14-20 is National Networking Week. Make a point of attending a function this week and meeting 5 new people who can help your business.
Oct 28 - Daylight Saving Time Ends. Turn back your clock one hour.
Oct 31 - Happy Halloween! Did you know that Americans spend $2.5 billion annually on Halloween, making it the country's second largest commercial holiday?
Our Monthly Poll
What are your plans for hiring help for the up coming Holiday season? (Check only one!)
I'm not planning to hire
Use temporary workers
Hire a part-time employee
Work longer hours myself
Have my employees work longer hours
In the next issue, find out the poll results and read about what methods other small business owners used to hire employees.
Click here <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=5-30&mpe=1248145&mpm=9079006> to see the results of last month's poll.
Tell us what you think
Give us your feedback! Please feel free to contact us <mailto:[email protected]> and let us know what you think of this newsletter.
If you would like to change your email address or unsubscribe from future Wells Fargo Announcements, please click on the following link: Unsubscribe <http://e.z2c.net/m/em.mpr?mpe=1248145&mpm=9079006>
<http://63.209.29.152/ads/1083/4800/spacer.gif> Email This to a Friend <http://e.z2c.net/m/em.mpf?mpe=1248145&mpm=9079006>
Advertisement <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=6-30&mpe=1248145&mpm=9079006>
<http://63.209.29.152/ads/1083/4800/spacer.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> Resources <http://63.209.29.152/ads/1083/4800/h_resources.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> <http://63.209.29.152/ads/1083/4800/spacer.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> <http://63.209.29.152/ads/1083/4800/spacer.gif> Bank online, save time
Did you know that you can request copies of checks or statements with a click of the mouse? Sign on <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=7-30&mpe=1248145&mpm=9079006> to online banking now.
Find resources to manage your business
Did you know that you can now buy business books at the Resource Center for Small Business Owners? Register now <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=8-30&mpe=1248145&mpm=9079006>!
Order office supplies online
Free shipping <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=9-30&mpe=1248145&mpm=9079006>* from Office Depot
(*within local trading areas)
Accept payments online, decrease risk of loss
With the Wells Fargo SecureSourceSM Payment <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=10-30&mpe=1248145&mpm=9079006> service you can accept, fraud-screen, process and settle credit card and electronic check transactions online.
Payroll made fast and easy
With OnlinePayroll by Wells Fargo <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=11-30&mpe=1248145&mpm=9079006>SM, you can calculate payroll in minutes and view reports online anytime, anywhere.
Need financing for your business?
Our free interactive Credit Product Finder <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=12-30&mpe=1248145&mpm=9079006> will help you find the right loan for your business.
Tax legislation could save you money
Read how 2001 tax changes will help your business next April as well as other useful tips in Wells Fargo BusinessTips <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=13-30&mpe=1248145&mpm=9079006>.
<http://63.209.29.152/ads/1083/4800/spacer.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> <http://63.209.29.152/ads/1083/4800/spacer.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> Learn More Info <http://63.209.29.152/ads/1083/4800/h_learn.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> <http://63.209.29.152/ads/1083/4800/spacer.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> <http://63.209.29.152/ads/1083/4800/spacer.gif> Get more information
The Business Advisor <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=14-30&mpe=1248145&mpm=9079006>SM online magazine has articles on finances and marketing as well as other business topics.
<http://63.209.29.152/ads/1083/4800/spacer.gif> |
Several customers were asking me about Gas gen off line due to gas cuts -
here is an article from Steve at Seattle City Light that adds light to this.
Stewart
---------------------- Forwarded by Stewart Rosman/HOU/ECT on 11/16/2000
10:28 AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Steve Lewis" <[email protected]>
11/16/2000 07:04 AM
To: <[email protected]>
cc:
Subject: Fwd: California Power Plants Get Jolt As Natural-Gas Supplies AreCut
It doesn't say how much capacity was impacted, but it sounds like a
localized problem in San Diego rather than a statewide gas import problem.?
I thought it was nice of Mr. Winters to add his expert commentary.
Received: from ci.seattle.wa.us (gwgate.ci.seattle.wa.us [156.74.12.242]) by
ci.seattle.wa.us; Thu, 16 Nov 2000 06:51:29 -0800
Received: from RES01-Message_Server by ci.seattle.wa.us with
Novell_GroupWise; Thu, 16 Nov 2000 06:51:27 -0800
Message-Id: <[email protected]>
X-Mailer: Novell GroupWise Internet Agent 5.5.3.1
Date: Thu, 16 Nov 2000 06:51:09 -0800
From: "Kyle Wilson" <[email protected]>
To: <[email protected]>,<[email protected]>,
<[email protected]>, <[email protected]>,
<[email protected]>, <[email protected]>,
<[email protected]>, <[email protected]>,
<[email protected]>
Subject: California Power Plants Get Jolt As Natural-Gas Supplies Are Cut
Mime-Version: 1.0
Content-Type: multipart/alternative; boundary="=_CA91EE7F.771648C9"
Nov 16,2000
California Power Plants Get Jolt
As Natural-Gas Supplies Are Cut
By Rebecca Smith
Staff Reporter of The Wall Street Journal
LOS ANGELES -- Southern California power plants, already stressed to their
limits last summer, got another jolt this week as a cold snap caused a sharp
curtailment of supplies of natural gas used to generate electricity.
The power plants were able to switch to burning oil and continue to produce
electricity. But the unusual curtailment of natural gas underlines concerns
that an increased reliance on gas for power generation across the U.S. is
putting the reliability of the nation's electricity supply at risk.
That's because virtually all power plants now under construction in the U.S.
burn gas and only gas. The units affected this week in San Diego were able
to shift to oil only because they were older plants that originally were
constructed to burn oil. Generators have been reluctant to add a dual-fuel
flexibility to plants in recent years because oil is far more polluting than
gas and generally has been costlier.
In California, where gas-supply problems first surfaced on Monday in San
Diego, there is pessimism about a Hydra-like energy crisis that seems to
grow new heads every day. The state weathered three-dozen electrical
emergencies last summer, caused by a shortage of electricity. Officials had
hoped to solve the problem by speeding up construction of new generating
plants. Now, they're finding the state may be building its way out of an
electrical problem and into a gas problem.
One official, who has been warning of the danger of reliance on a single
fuel, said this week's disruption pointed out the necessity of developing a
comprehensive energy policy that recognizes how changes in usage of oil, gas
and electricity affect each other. "We don't just need new generating
plants and transmission lines, we may need pipelines, too," said Terry
Winter, chief executive officer of the California Independent System
Operator, the organization responsible for maintaining adequate electricity
supplies. "You can't look at these things in isolation."
The natural-gas problems surfaced when the local gas-distribution company,
San Diego Gas & Electric Co., notified power-plant operators and a handful
of industrial users that it would be restricting their gas use by about half.
In California, residential and small businesses have first crack at natural
gas, and industrial uses are regarded as secondary, even if they are
generating plants. Dynegy Inc., the Houston-based energy concern that owns
some of the older plants that serve San Diego, immediately switched to oil.
But it didn't like doing so; its plants create three times as much pollution
when they burn oil and exhaust valuable air-pollution emission credits that
power plants here need to operate.
The San Diego units couldn't simply be shut down, because the state was
short of power. Roughly 30% of the state's capacity already was off-line,
including many of its nuclear units, as most of those plants are now
undergoing repair after being run at capacity limits throughout the summer.
What's more, the gas-pipeline system that feeds San Diego isn't big enough
to begin with. The system was built primarily to serve residential customers
and not big power plants.
The problems could persist, off and on, through the winter. That's because
gas-storage levels are down sharply from a year ago throughout the nation,
but especially in California, because it ran its gas-fired units so hard
last summer. This time last year, Southern California had 87 billion cubic
feet of gas in storage. Now, it's roughly 50 billion cubic feet, or 43%
less. Prices also have moved up sharply, from roughly $2.50 a million
British thermal units to around $8 this week. Nationally, storage levels are
down about 8% from a year ago.
"Gas is trading higher in California than anywhere else in the nation," said
John Lavorato, chief operating officer of Enron North America, a unit of
Enron Corp. of Houston. But he said they're headed up in the Northeast,
based on cold weather forecast for the next 10 days to two weeks.
High prices for fuel also push up prices for the end product, electricity.
In California the average price for electricity to be delivered Thursday was
$228 per megawatt hour. That's double the price a week ago and five times
the price a year earlier. |
Diane, there are lots of emails about this topic. Would you please print them and collect them in a file labelled for Tobias? Thanks. MHC
-----Original Message-----
From: Butcher, Sharon
Sent: Wednesday, August 08, 2001 6:25 PM
To: Mesquita, Ross
Cc: Seleznov, Ryan; Richter, Brad; Cash, Michelle
Subject: RE: Compliance with Enron Code of Ethics, Dealbench
Dear Ross:
Thanks. I believe that's a good idea. If he is unable to find a job within Enron via redeployment, this may be an opportunity for him.
Sharon
-----Original Message-----
From: Mesquita, Ross
Sent: Wednesday, August 08, 2001 6:22 PM
To: Butcher, Sharon
Cc: Seleznov, Ryan; Richter, Brad; Cash, Michelle
Subject: RE: Compliance with Enron Code of Ethics, Dealbench
Sharon,
Tobias is not associated with any of the team with whom we have scheduled a meeting. However, I would be happy to add his team to the list of parties with which I discuss a potential sales transaction.
Regards,
Ross
-----Original Message-----
From: Butcher, Sharon
Sent: Wednesday, August 08, 2001 5:08 PM
To: Mesquita, Ross
Cc: Seleznov, Ryan; Richter, Brad; Cash, Michelle
Subject: RE: Compliance with Enron Code of Ethics, Dealbench
Dear Ross:
Thanks for the information. It does not appear that there would be a conflict of interest if Mr. Munk puts together a team for the propose of discussing the transaction and ultimately purchasing DealBench.com.
Is he associated with any of the teams with whom you are meeting to discuss the transaction?
Thanks.
Sharon
-----Original Message-----
From: Mesquita, Ross
Sent: Wednesday, August 08, 2001 9:28 AM
To: Butcher, Sharon
Cc: Seleznov, Ryan; Richter, Brad; Cash, Michelle
Subject: RE: Compliance with Enron Code of Ethics, Dealbench
Sharon:
Enron Net Works is currently exploring alternatives as it relates to DealBench.com, which would include selling the platform to an independent third party. I work for Brad Richter and have been asked to lead/manage the sales effort.
We have already begun to initiate discussions with third parties as it relates to the sale of DealBench. A team from FreeMarkets, Inc. will meet with us next Tuesday to discuss such a transaction, and we are currently setting up a similar meeting with PurchasePro Com Inc. We have also targeted several other companies that may be interested in buying DealBench and will be discussing the opportunity with them in the near future.
Please let me know if you need any additional information or clarification as it relates to your questions below.
Regards,
Ross Mesquita
x3-3288
-----Original Message-----
From: Richter, Brad
Sent: Wednesday, August 08, 2001 2:25 AM
To: Mesquita, Ross
Cc: Seleznov, Ryan
Subject: FW: Compliance with Enron Code of Ethics, Dealbench
Importance: High
Ross--
Please answer the inquiries below. You know our position.
Thanks,
Brad
-----Original Message-----
From: Butcher, Sharon
Sent: Tuesday, August 07, 2001 8:43 PM
To: Richter, Brad; Cash, Michelle
Subject: FW: Compliance with Enron Code of Ethics, Dealbench
Importance: High
Dear Brad and Michelle:
I have reviewed the letter from Tobias Munk.
Has Enron determined that it will no longer be involved with DealBench.com and given permission to allow Mr. Munk to independently raise funds for a proposed management buy-out or sale to an independent third party? or Has Enron determined that it will not go forward with DealBench.com at this time, but it is possible in the future that it will still be involved with DealBench.com? I note that Mr. Munk states that Enron is actively seeking a buyer for the platform. What discussions have taken place with respect to a transaction for the purchase of DealBench.com.
Regardless of Mr. Munk's intentions, as stated in his letter of August 7, 2001, Enron must make a determination to allow Mr. Munk to use Enron's idea, etc. for DealBench.com as it is proprietary and belongs to Enron and not Mr. Munk. If Enron has made the decision to sell DealBench.com and Mr. Munk, now no longer an Enron employee, is able to put together a group to purchase this Internet platform, I don't believe that this would constitute a violation of the Conflict of Interests Policy as described in Enron's Code of Ethics.
It appears that Mr. Munk is requesting permission from Enron to move forward with respect to DealBench.com as described in his letter.
Please confirm Enron's intentions with respect to DealBench. In addition, please advise of any communications/discussions with Mr. Munk regarding DealBench.com and his ability to be a part of DealBench.com in the event he finds a buyer or becomes part of a group which purchases DealBench.com.
Thanks.
Sharon
-----Original Message-----
From: Cash, Michelle
Sent: Tuesday, August 07, 2001 2:09 PM
To: Butcher, Sharon
Subject: FW: Compliance with Enron Code of Ethics, Dealbench
Importance: High
What do you think? MHC
-----Original Message-----
From: Seleznov, Ryan
Sent: Tuesday, August 07, 2001 1:54 PM
To: Cash, Michelle
Subject: FW: Compliance with Enron Code of Ethics, Dealbench
Importance: High
Michelle, please comment.
-----Original Message-----
From: Richter, Brad
Sent: Tuesday, August 07, 2001 12:30 PM
To: Seleznov, Ryan
Subject: FW: Compliance with Enron Code of Ethics, Dealbench
Please send me an email response about whether you and Michelle Cash are OK with what he's written. After that, what do we do?
Brad
-----Original Message-----
From: Munk, Tobias
Sent: Tuesday, August 07, 2001 6:19 PM
To: Seleznov, Ryan; Richter, Brad
Subject: Compliance with Enron Code of Ethics, Dealbench
After a conversation with Ryan Seleznov I herewith like disclose in writing my intentions in respect to Dealbench.
Please see attached Word file
Best regards
Tobias Munk
<< File: Enron Code of Ethics Compliance.doc >> |
As he said in the note, we can wait on the tile. We'll contact our pal
karen, the tiling queen, and report back. sound reasonable?
Nancy Sellers <[email protected]>
02/15/2001 10:14 AM
To: "'Cameron Sellers'" <[email protected]>, "'[email protected]'"
<[email protected]>, Prentice Sellers <[email protected]>
cc: [email protected], Nancy Sellers <[email protected]>
Subject: RE: FW: Roseman Creek fireplace
I gave dad a check this morning for $700 to get this underway. What about
the tile?
-----Original Message-----
From: Cameron Sellers [mailto:[email protected]]
Sent: Thursday, February 15, 2001 7:52 AM
To: '[email protected]'; Prentice Sellers
Cc: [email protected]; [email protected]; Nancy Sellers
Subject: RE: FW: Roseman Creek fireplace
Agree with PP's assessment also. I don't always agree with PP's
assessment.
Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
[email protected]
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Wednesday, February 14, 2001 4:56 PM
To: Prentice Sellers
Cc: Cameron Sellers; [email protected]; [email protected]; Nancy Sellers
Subject: Re: FW: Roseman Creek fireplace
Wow. This guy sounds impressive! I agree with Prentice's assessment (of
course, I always agree with Prentice's assessment).
Best,
Jeff
Happy Valentine's Day to all.
Prentice Sellers
<[email protected] To: <[email protected]>,
Nancy Sellers
keley.EDU>
<[email protected]>, Cameron
Sellers <[email protected]>,
[email protected]
02/14/2001 01:59 cc:
PM Subject: Re: FW: Roseman
Creek fireplace
This guy sounds like he knows what he's talking about. I suggest we get
the repairs done immediately and leave the tile for later. Can you find
out if he can finish before next weekend whatever needs to be done to have
a fire safely? I've been planning a trip with two friends of mine from
school for a long time and it would really be a bummer to have to cancel
it. Thanks for working on this.
Also, about the $$, mom should have put aside $10,000 from grandpa ($5,000
from me and Cameron each) that was supposed to go for replacing the
roof. This is much more important, so I suggest using that money.
Finally, we can get Jeff's friend Karen to help us with the tiles. We will
talk to her.
At 01:43 PM 2/14/2001 -0800, you wrote:
>Dotty: Thought you and Jack might be interested in this report.
>
>Jeff: How do we go about getting in touch with the person you mentioned
to
>do the tiles?
>
>-----Original Message-----
>From: gmc [mailto:[email protected]]
>Sent: Wednesday, February 14, 2001 12:30 PM
>To: [email protected]
>Subject: Roseman Creek fireplace
>
>Hello, Eldon...
>Your fireplace was improperly installed, and the fire was caused by embers
>falling in between the fireplace and the hearth, igniting the plywood
>underlayment and the wooden framing installed in front of the face and the
>header above the fireplace opening. There should be no combustible
material
>there, and sooner or later a fire will result. You are fortunate the
result
>was not worse. The important metal underlayment supplied with the
fireplace
>was not installed. The fireplace must be moved about 5" up to the face of
>the wall. All the tile must be removed and replaced with non combustible
>underlayment. The chimney seems ok but you must replace the cap and the
>chimney is no longer available, necessitating fireplace replacement if it
>ever becomes necessary due to corrosion. The insulation is probably wet,
>which happens over the years and it settles, leaving hot spots in the
>chimney. At least yours is out in the air, but it should be checked, and
>will be if I do this job.
>You will provide the tile, and bear in mind that some will have to be cut,
>so avoid small tiles. You will also provide sanded grout and grout
>additive, and a mastic (25#) such as epoxy "Elastobon". Your tile
supplier
>will know what we're talking about. I will get all other materials
locally.
>You are looking at, I estimate, $2,400.00 - $3,200.00 plus materials. I
>prefer to work jobs like this at Time and Materials, based on my labor
rate
>of $50.00 per man hour. If I have to bid this job, it will be suitably
>inflated to deal with unforeseen variables. I have been here for 26 years
>without any construction related problems, and have lots of references.
>The materials will consist of cedar shingles, plywood, roofing shingles
>(asphalt), glue, Wonder Board tile underlayment, stainless steel cap,
2X4's,
>screws, plumbing fittings for the gas line, sheet metal, and incidentals.
>My estimate is done as accurately as possible, but unforeseen problems
could
>change the time I've estimated for the job. The materials will be about
>$700.00, and this is the deposit I will require. Let me know what the ETA
>of your tile will be. If you prefer, I can do the job without the tile,
>leaving the Wonder Board tile underlayment exposed, which is totally safe,
>and you can decide upon tile later, after looking at the site after the
>fireplace is moved. I will need a half square min. to do the roof of the
>fireplace pop out.
>Regards,
>Will Guyan |
-----Original Message-----
From: Joel Greene <[email protected]>@ENRON
Sent: Tuesday, November 13, 2001 1:29 PM
To: 'PETE FROST'; 'JAMES MORIARTY'; 'JANICE E. ROGERS'; 'DIANE TOM'; 'JAY GOLUB'; 'BARBARA WHITTAKER'; 'JAMES MCGREW'; 'CYNTHIA CORCORAN'; 'L.W. SMITH'; 'PETER C. KISSEL'; 'GORDON SMITH'; 'BARBARA JOST'; 'MIKE MCELRATH'; 'SARAH TOMALTY'; 'ED ROSS'; 'JUNE SUWARA'; 'DAVID HUARD'; 'JOHN R. STAFFIER'; 'KATHLEEN L. MAZURE'; 'CATHY BULF'; 'JOHN GREGG'; 'JOHN P. BEALL'; 'KATHIE EDWARDS'; 'PAUL KEELER'; 'PETER CERVIN'; 'FREDERICK T. KOLB'; 'STEVE TARPEY'; 'BRUCE CONNELL'; 'DIANE MCVICKER'; Joel Greene; 'TOM CARLSON'; 'KELLY A. DALY'; 'ELISABETH R. MYERS-KERBAL'; 'DOUG JOHN'; 'LUIS MANUEL PADILLA'; 'JAMES TRIFON'; 'DEBBIE SWANSTORM'; 'DOUG CANTER'; 'NORMAN PEDERSEN'; 'ROBERT PETTINATO'; 'VIRGIL SPURGEON'; 'DONNA FULTON'; 'SUSAN GINSBERG'; 'KURT L. KRIEGER'; 'SHARON ROYKA'; 'Jonathan Bromson'; 'SANDRA ROVETTI'; 'LINDSEY HOW-DOWNING'; 'SALLE E. YOO'; 'CRAIG CHANCELLOR'; 'WILLIAM L. SLOVER'; 'ROBERT HEWLETT'; 'JANICE ALWARD'; 'LAURIE J. HAMILTON'; 'JOHN R. LILYESTROM'; 'GEORGETTA BAKER'; 'PEDRO SERRANO, JR'; 'JEFF E. PARKER'; 'HAROLD ORNDORFF'; 'CARLA JOHNSON'; 'MIKE LANGSTON'; 'SEAN BREEN'; 'JEFF GOFORTH'; 'AMY SHERIDAN'; 'MARK FENTON'; 'DAVE KIRKLAND'; 'MELISSA MAXWELL'; 'Paul B. Mohler'; 'JOHN P. ARMATO'; 'ROB DAVIS'; 'AMY GOLD'; 'FRANK LINDH'; 'CHRIS SCHINDLER'; 'KIRBY BOSLEY'; 'DEBORAH CARPENTIER'; 'ROBERT GRAY'; 'PATRICK NEVINS'; 'GARY VENZ'; 'JOSEPH S. KOURY'; 'JOHN COGAN'; 'SUSAN JONES'; 'PAUL GENDRON'; 'TERRI DICKERSON'; 'JACK CASHIN'; 'SCOTT WALTON'; 'JIM ADAMS'; 'THOMAS CUBBAGE'; 'BILL LANSINGER'; 'SCOTT MERTZ'; 'LARRY BLACK'; Tholt, Jane M.; Cantrell, Rebecca W.; 'JIM DOERING'; 'RANDALL RICH'; 'SANDRA E. RIZZO'; 'CURT BRECHTE'; 'GREG LANDER'; 'KARILEE RAMALEY'; 'GARY DUEDE'; 'DONALD G. AVERY'; 'TED MCMURTRIE'; 'DOUGLAS K. PORTER'; 'TIM MILLER'; 'PENNY BARRY'; 'KENT PRICE'; 'JOHN FLOOM'; 'KIM M. CLARK'; 'STEVE LEVINE'; 'PERRY BROWN'; 'FRANK GURLEY'; 'PAULA CRUNKILTON'; 'ELIZABETH ZERBY'; 'INGRID OLSON'; 'ROBERT PETROCELLI'; 'ELLEN SCHALL'; 'ROBERT CASHDOLLAR'; 'CRAIG LIPKE'
Cc: Glen Reeves (E-mail); William Healy (E-mail); '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'; '[email protected]'
Subject: El Paso Natural Gas Company Dockets RP00-336, RP01-484, RP01-486, RP00-139
Importance: High
Salt River Project, in an effort to bring resolution to the mainline and
receipt point allocation issues pending in the above-captioned proceedings,
is filing today (and serving hard copies of) the attached "Motion of SRP for
Adoption of Strawman Alternative to March 28, 2000 Proposal of El Paso
Natural Gas Company". Unlike any other proposal before it, it seeks to
weave into one workable solution, the concerns raised by shippers in their
initial and reply comments filed in the Order 637 proceeding, as well as
address the 3 complaints. It is a share-the-pain proposal among CD -
Converted FR - and El Paso. Under it, FR shippers would convert to CDs at
levels reflecting actual usage over the past 5 years, weighted to the
present. It assures each westward flowing firm shipper, based on the current
physical mainline capacity (including L. 2000), 93.1%(winter) and 94.2%
(summer) of their contractual entitlement. On a daily basis, all westward
FT shippers are assured of receiving approximately 60% of their 93.1 and
94.2% allocation from the San Juan. FT-2 shippers would continue to be
served off the top. This Strawman adopts the in-line pooling methodology
set forth in SoCal Gas' initial comments. It includes North and South
system segmentation rights, and narrowly defined demand charge credits for
unprovided capacity as long as there is a shortfall. Provision is made to
encourage turn-back of capacity and to have capacity under expired contracts
dedicated by El Paso to meeting the approximately 7% shortfall. Provision is
also made to treat each primary delivery point as a receipt point, and to
give priority to Alternate Receipt- to- Primary Delivery point in the
systemwide scheduling process, all intended to encourage a strong
supplemental market to meet peak seasonal needs.
This Strawman Alternative is not filed as an offer of settlement, but as a
basis for a merits decision, eliminating the need for lengthy evidentiary
hearings, and providing certainty and flexibility to the system once
implemented. Alternatively, we have left it to the Commission to decide
whether other procedures should be adopted. Because it is a motion, it may
be responded to within 15 days of filing. SRP strongly urges each shipper
and state commission to contact SRP for answers to any questions before
taking a position in response to the motion. Any shipper that has questions
but does not seek answers, but merely sticks to their litigation position
will only be delaying resolution. This proposal is a viable
compromise...everyone gains and everyone loses something. That is why it
works. We look forward to hearing from you and reading your constructive
comments. Joel Greene
<<SRPstrawman.cvr.doc>> <<SRPSTrawmanfiled11-13.doc>> <<Attachment 1
filed 11-13.doc>> <<Attachments 2-12 filed11-13.ppt>> <<Attachment 13
filed 11-13 .xls>>
Energy Advocates LLP
202-371-9889
202-371-9025 (fax)
[email protected]
- SRPstrawman.cvr.doc
- SRPSTrawmanfiled11-13.doc
- Attachment 1 filed 11-13.doc
- Attachments 2-12 filed11-13.ppt
- Attachment 13 filed 11-13 .xls |
Executive Summary:
? BC's NDP Leader Publicly Concedes Defeat to Liberals
? BPA seeks Federal Loan for Improvements, Future Fish Credits Limited
? Washington House Extends Aluminum Smelters' Power Re-Sale Rights by 1,500
MWs
BC Elections
According to our information, the BC government is preparing for the Liberal
take this week. The election is slated for 16 May 2001 and it appears likely
that we are looking at a near Liberal sweep -- they are currently leading 41%
to 25% at the polls. There is about a three-week lead time between the
general election on May 16th, the Final Count on May 29th, and the Return Day
on June 7th -- so there will be a period of jockeying around some issues.
The New Democratic Party (NDP) leader, Ujjal Dosanjh, has effectively
conceded the election in a public announcement. Dosanjh is making public
pleas to voters not to desert the NDP in favor of the Greens so that the NDP
can retain official party status (4 seats). Dosanjh has stated that he "will
be happy if the NDP gets 10 to 15 seats."
The following are likely to be the key energy policy officials once the
Liberal Party takes power in BC:
? Richard Neufeld, Minister of Energy, Mines and Northern Development
(replacing NDP Minister Glenn Robertson)
? Dan Jarvis, Deputy critic on Energy, Mines and Northern Development Murray
Coell, Minister of Environment, Lands and Parks (replacing Ian Waddell)
? John Van Dongen, Fisheries Neufeld, Jarvis, Coell and Van Dongen are
currently Members of the Legislative Assembly (MLAs).
While Gordon Campbell, the probable incoming premier, will have been
effectively muzzled in the interim when it comes to talk about energy
deregulation, the opposition will likely have plenty to say about it. The
people we'll need to be looking at this regard are: Glenn Robertson -
Minister of Energy and Mines, and Ian Waddell - Minister of Environment, Land
& Parks.
It appears certain that the Liberals will move to privatize at least some of
the power crown corporations almost immediately. They have promised a
balanced budget and a chunk of money to do it their way; they have made
campaign promises about privatization to stir the economy; and they have
tight back channels with the crown corporations' management who want "a
straight privatization plan instead of coop approach to deregulation."
Sources report that, if elected, the Liberals promise a referendum on land
claims treaties with the local native Indians (or "First Nations"). These
treaties result from overlapping claims to land and serve to block land
development, forestry, mining, etc. While the NDP has been supportive of the
First Nations land claims process while in office, the promised Liberal
referendum would seem to suggest that the Liberals intend to backtrack and
not recognize the First Nations' rights. In other words, there would be an
increased impetus for mining and forestry. This development is surprising
since the Liberals have traditionally enjoyed strong Indian support, and the
land claims process was originally started under a Liberal government. If
the Liberals press forward with a referendum on the process, there is the
potential for violent flare-ups between the First Nations and the
government. (These flare-ups have occurred in the past, though not recently.)
BPA
BPA is urging the White House to increase its authority to borrow from the
federal Treasury by $2 billion to build over 20 new projects for 500-kilovolt
transmission lines and substations online between 2003 and 2006. BPA
officials hope the new borrowing authority will be included in a
comprehensive energy strategy the Bush administration is expected to release
next week, although federal officials have yet to give the final word on the
BPA request. Energy Secretary Spencer Abraham, key members of Congress and
the staff of Vice President Dick Cheney, who has taken charge of developing
the administration's energy strategy, all have been briefed on BPA's
proposal. BPA has been building a case for a budget item that officials say
would be a significant boost to the region's power infrastructure in the near
term. If the administration doesn't include it in its energy strategy, BPA
officials say they will nevertheless press for the increased borrowing
authority in Congress. BPA plans for the first time to use more "fish
credits" than cash to meet its annual debt obligation, reducing its cash
outlay by some $400 million. BPA had expected its borrowing authority to be
sufficient until 2006, but given the energy situation, BPA could hit the
ceiling by 2003.
BPA will be spilling water over its dams as a part of the salmon protection
plan. To make up for the shortfall, the agency will have to repurchase
approximately $1.2 billion on the electricity spot market -- these costs will
be passed on to energy consumers as a part of the subscription rate hike in
October. Oregon Governor Kitzhaber is pushing for more spills. Steve Wright
& other BPA officials are considering the effects of keeping water in the
reservoirs as a safety net, should there be a cold spell next winter, which
has precipitated a federal lawsuit from 12 environmental organizations
against the National Marine Fisheries Service.
Earthjustice Legal Defense Fund is leading this charge, a coalition which
includes Trout Unlimited and the Sierra Club. The official line is they want
to disallow the Federal Caucus and BPA from declaring a 'fish emergency'
which would allow them to determine the amount of water spilled over the
dams, among other things. However, by exercising a 'fish emergency', BPA
becomes qualified for additional federal credits - which is probably the real
source of contention here.
Aluminum Smelters
The bill passed by the House Energy Committee yesterday does extend the
resale rights of the smelters to 1500 megawatts of power beyond the October
2001 termination date. BPA is negotiating, even though they have no legal
obligation to serve the smelters. New attack ads paid for by the aluminum
companies are running to build political pressure to continue to receive and
resell 1500 megawatts of power beyond October 2001, in addition to receiving
other payments for staying offline. |
Michell Vitrella called and wanted to know if the "Research Group" would
like to submit an article for the next issue of the ENA Newsletter
("Ameriflash)
They need to have the article by tomorrow.
Thanks!
Shirley
---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 10/24/2000
10:15 AM ---------------------------
From: Michelle Vitrella 10/24/2000 09:53 AM
To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: Ameriflash Newsletter
---------------------- Forwarded by Michelle Vitrella/HOU/ECT on 10/24/2000
09:54 PM ---------------------------
Enron North America Corp.
From: ENA Public Relations @ ENRON 10/19/2000
08:25 PM
Sent by: Enron Announcements@ENRON
To: All_ENA_EGM_EIM
cc:
Subject: Ameriflash Newsletter
NOTE FROM MARK FREVERT
With the wide and varied activities of our three organizations, we created
this e-mail newsletter to keep everyone better informed about our various
businesses. I hope you find it informative and more importantly, that you
will use this newsletter to help spread the word about the successes in your
group.
To provide content for future e-mails, contact Michelle Vitrella in our
Public Relations group via e-mail or call her at ext. 3-9767. Communication
is one of the core Enron values and I believe this is a great way to improve
communication across our wholesale businesses.
Additionally, I would like to again encourage everyone to take a few minutes
to complete &The Pulse8 survey. This annual survey regarding the work
experience at Enron and how we can make it better is an important part of the
two-way communication process at Enron. Please go to the Enron intranet and
type survey.enron.com. It only takes a few minutes, it,s confidential and
your comments will help make Enron a better place to work.
BUSINESS HIGHLIGHTS
Natural Gas
Middle Marketing,s biggest trade of the year so far occurred this month. The
significant transaction was a five year, multimillion dollar restructuring
with a subsidiary of Formosa Plastics, one of the world,s largest producers
of polyvinyl chloride.
Additionally, Continental Airlines, the fifth largest US carrier, has hedged
a considerable amount (1.2 million barrels/month) of crude oil. Winter
Nymex hedges were put in place for the undisputed heavyweight chip champ of
the world, Frito Lay.
Pulp & Paper
With the acquisition of Garden State Paper and launch of Clickpaper.com,
Enron is creating an efficient spot physical market for pulp and paper
commodities. Buyers and sellers will benefit from improved price
transparency and reliability and access to Enron,s online financial markets.
Improved price transparency and the ability to imbed financial derivatives
into physical trading flows will facilitate the growth of Enron,s trading
business. To date, Clickpaper.com has traded over 1 millions tons of pulp
and paper product with a notional value of over $675 million.
Upstream Origination
Upstream Origination, headed by Julie Gomez and Jean Mrha, focuses on natural
gas products to optimize commercial value associated with the natural gas
grid on the continent and in the Gulf of Mexico (GOM). Through products such
as storage, electric compression and producer services & outsourcing, ENA
creates value for its customers and reconfigures the natural gas
infrastructure to be more efficient. In addition, Upstream Origination
transactions exploit the unique relationship between development of strategic
assets through sophisticated financing structures and the utilization of the
market information created by those assets.
&THE PULSE8 SURVEY RESULTS
As of Wednesday, October 18, the total responses to &The Pulse8 from
ENA/EGM/EIM are 689. This is approximately 30% of all employees. Since our
goal is a 100% response rate, we have a long way to go! Please take a few
minutes to log on and give Enron your thoughts. The Pulse is located at
survey.enron.com on the Enron intranet page.
If you like competition, here are the results by group:
Commercial - Origination 131
Energy Operations 126
Risk Management and Trading 106
Other/None of the Above 91
Bus. Analysis & Rep./Fin. Ops. 90
Legal 46
Gas Assets 37
Human Resources 30
Tax 18
Technology/IT 14
WELCOME
Transferred Into ENA/EIM/EGM
ENA - Kathleen Neal/HR, Suzanne Kelly/Infocentral, Tobias Monk/Finance Direct
EIM - Eric Connor/Industrial Energy Group
EGM - Eric Calub/Global Product Mgmt
New Hires ENA/EIM/EGM
ENA - Lance Cunningham/CTS Research, Anita Dupont/CTS Research, Yvette
Hales/Gas Logistics ) East, Angela Howell/Equity Trading, Farid Mithani/Power
Risk-Credit
EGM - Heather Purcell/Enron Global Markets
IN THE NEWS
&No company illustrates the transformative power of innovation more
dramatically than Enron. Over the past decade Enron,s commitment to the
invention*and later domination*of new business categories has taken it from a
$200 million old-economy pipeline operator to a $40 billion new-economy
trading powerhouse.8
From &The World,s Most Admired Companies,8 Fortune, Monday, October 2
NUGGETS & NOTES
&What,s the message we,re trying to get across?8 ) Ray Bowen, COO EIM
&I,m not a micro-manager8 - John Lavorato, COO ENA
&Make it so, number one8 ) Jeff Shankman, COO EGM
CONTEST
Enron is & The Most Innovative Company8 based on Fortune Magazine,s Most
Admired Survey. ENA Public Relations is ready to put Enron North America,
Industrial Markets and Global Markets to the test. We need your creative
minds to help name the NEW Electronic Newsletter we now call AmeriFlash. Put
on your thinking caps and submit your ideas for a new name to
[email protected]. The ENA Public Relations Team will narrow the
list to the TOP TEN and then send it to our official judge, Mark Frevert, to
make the final decision. The winner will receive a gift certificate to any
Pappas restaurant. GOOD LUCK! |
I believe this was intended for the other Susan Scott ([email protected])...I'm with nat gas trading.
Thanks
From: Christi L Nicolay 04/19/2001 09:31 AM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Entities that do not need FERC power marketing authorization
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 04/19/2001 09:31 AM ---------------------------
From: Christi L Nicolay 04/18/2001 05:44 PM
To: Paul Kaufman/PDX/ECT@ECT, Jeff Brown/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Aleck Dadson/TOR/ECT@ECT, Daniel Allegretti/NA/Enron@Enron, Howard Fromer/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON, Tom Hoatson/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Jean Ryall/NA/Enron@ENRON, Tom Chapman/HOU/ECT@ECT, Janine Migden/NA/Enron@Enron, Dave Mangskau/Corp/Enron@ENRON, Dan Staines/HOU/ECT@ECT, Mike Roan/ENRON@enronXgate, Joe Connor/NA/Enron@Enron, Kerry Stroup/NA/Enron@Enron, Steve Walton/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Thane Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andy Rodriquez/Enron@EnronXGate, Lloyd Will/HOU/ECT@ECT, [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], Karla Compean/Enron@EnronXGate, Kerry Stroup/NA/Enron@Enron, Dave Mangskau/Corp/Enron@ENRON, Jeff Brown/NA/Enron@Enron, Russell Ballato/NA/Enron@Enron, Don Baughman/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Jason Choate/Corp/Enron@ENRON, Maria Valdes/Corp/Enron@Enron, John Kinser/HOU/ECT@ECT, Peter Makkai/NA/Enron@Enron, Jeff King/Corp/Enron@Enron, Robert Benson/Corp/Enron@ENRON, Fletcher J Sturm/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT, Brad Morse/HOU/ECT@ECT, [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], Reagan Rorschach/Enron@EnronXGate, Edith Cross/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT, Jennifer Bagwell/Enron@EnronXGate, Billy Braddock/Enron@EnronXGate, [email protected], [email protected], [email protected], Edith Cross/HOU/ECT@ECT, Greg Trefz/Corp/Enron@ENRON, Berney C Aucoin/HOU/ECT@ECT, Michelle Parks/Enron@EnronXGate, [email protected], Michael Brown/Enron@EnronXGate, [email protected], [email protected], [email protected], George Wood/Corp/Enron@Enron, David Guillaume/Enron Communications@Enron Communications, [email protected], [email protected], [email protected], [email protected], Posey Martinez/HOU/ECT@ECT, Jim Meyn/NA/Enron@Enron, Berney C Aucoin/HOU/ECT@ECT, Pearce W Hammond/Enron@EnronXGate, Garrett Tripp/TOR/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Robert Frank/NA/Enron@Enron, Elizabeth Sager/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, David Portz/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Michael Etringer/HOU/ECT@ECT, Chris Lackey/PDX/ECT@ECT, Vicki Sharp/HOU/EES@EES, Tim Belden/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Ray Alvarez/NA/Enron@ENRON, Steve Van Hooser/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT
cc:
Subject: Entities that do not need FERC power marketing authorization
We have been getting questions about the ability of potential customers to sell power onto the grid to EPMI. Below is a brief outline of the FERC licenses required. Customers other than those listed below (including non-QF industrial on site generators) need a power marketer license from FERC. In most cases, such customers do not need to file for EWG status (unless their primary business is as a utility, like Enron).
In addition, both EPMI and EES filed at FERC for authorization to perform certain power marketer license functions on behalf of industrial on-site generation customers. We expect the authorization within a month. I'll let you know when we receive it and what we can do for customers.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 04/18/2001 05:22 PM ---------------------------
"Andrea Settanni" <[email protected]> on 04/18/2001 05:17:11 PM
To: <[email protected]>
cc: "Dan Watkiss" <[email protected]>
Subject: Entities that do not need power marketing authorization
Christi-
This email briefly responds to your question whether state agencies or municipalities and qualifying facilities ("QFs") must obtain power marketing authorization. The answer is no.
With regard to state agencies or municipalities, section 201(f) of the Federal Power Act ("FPA") states that no provision of Part II of the FPA, which governs the regulation of electric utility companies engaged in interstate commerce, "shall apply to, or be deemed to include, the United States, a State or any political subdivision of a state, or any agency, authority, or instrumentality of any one or more of the foregoing, or any corporation which is wholly owned, directly or indirectly, by any one or more of the foregoing, or any officer, agent, employee of any of the foregoing acting as such in the course of his official duty, unless such provision makes specific reference thereto."
Section 205 of the FPA, which would would otherwise require an entity to have rates for wholesale sales of power on file with FERC, does not apply to state agencies and municipalities.
With regard to whether QFs need power marketing authorization, most QFs are exempt (some small power production facilities are not exempt) from most provisions of the FPA, including section 205, which requires public utilities making sales of electric energy for resale in interstate commerce to file rate schedules with FERC. QFs are instead regulated under PURPA, which authorizes utilities to purchase power from QFs at the purchaser's avoided cost. FERC decisional precedent indicates that a QF can lawfully sell at market-based rates without seeking market-based rate authorization from FERC, but that it may nevertheless be prudent for a QF to seek FERC acceptance of a market-based rate schedule that would provide protection in the event QF status is lost.
Let me know if you need anything else.
Andrea M. Settanni
Bracewell & Patterson, L.L.P.
2000 K Street, N.W.
Suite 500
Washington, D.C. 20006-1872
(202) 828-7631 (phone)
(202) 857-2128 (fax)
[email protected] |
----- Forwarded by Steven J Kean/NA/Enron on 01/21/2001 03:09 PM -----
Jeff Dasovich
Sent by: Jeff Dasovich
01/21/2001 10:23 AM
To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike M Smith/HOU/EES@EES,
[email protected], Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul
Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L
Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES,
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
[email protected], Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, [email protected],
Michael Etringer/HOU/ECT@ECT
cc:
Subject: IMPORTANT CONFERENCE CALL ON QF/SRAC MATTERS SCHEDULED FOR 12:30
P.M. (NOONISH) ON SUNDAY, JAN. 21
----- Forwarded by Jeff Dasovich/NA/Enron on 01/21/2001 10:21 AM -----
"Steven Kelly" <[email protected]>
01/21/2001 05:42 AM
Please respond to "Steven Kelly"
To: "Wayne Kawamoto" <[email protected]>, "Ward Scobee"
<[email protected]>, "Tony Wetzel" <[email protected]>,
"Thomas Heller" <[email protected]>, "Ted Cortopassi"
<[email protected]>, "Steve Ponder" <[email protected]>, "Steve
Iliff" <[email protected]>, "Ross Ain" <[email protected]>, "Robert
Frees" <[email protected]>, "Rich Dyer" <[email protected]>, "Pete
Levitt" <[email protected]>, "Paula Soos" <[email protected]>, "Paul
Wood" <[email protected]>, "Nam Nguyen" <[email protected]>,
"Milt Schultz" <[email protected]>, "Marty McFadden"
<[email protected]>, "Lucian Fox"
<[email protected]>, "Ken Salvagno" <[email protected]>, "Ken Hoffman"
<[email protected]>, "Jonathan Weisgall" <[email protected]>, "Joe
Ronan" <[email protected]>, "Joe Greco" <[email protected]>, "Jack Pigott"
<[email protected]>, "Hap Boyd" <[email protected]>, "Frank Misseldine"
<[email protected]>, "Ed Tomeo" <[email protected]>, "Ed
Maddox" <[email protected]>, "Duane Nelsen"
<[email protected]>, "Doug Levitt" <[email protected]>, "Doug Fernley"
<[email protected]>, "Dean Gosselin" <[email protected]>, "Bob
Escalante" <[email protected]>, "Bob Ellery" <[email protected]>,
"Bill Woods" <[email protected]>, "Bill Carlson" <[email protected]>, "Bill
Adams" <[email protected]>, "Alex Sugaoka" <[email protected]>, "Tom
Hartman" <[email protected]>, "Eric Edstrom" <[email protected]>,
"Scott Frier" <[email protected]>, "William Hall"
<[email protected]>, "Susan J Mara" <[email protected]>, "Scott
Noll" <[email protected]>, "Roger Pelote" <[email protected]>,
"Rob Lamkin" <[email protected]>, "Randy Hickok"
<[email protected]>, "Lynn Lednicky" <[email protected]>, "Kent Fickett"
<[email protected]>, "Kate Castillo" <[email protected]>, "Jim
Willey" <[email protected]>, "Jeff Dasovich" <[email protected]>,
"Greg Blue" <[email protected]>, "Frank DeRosa" <[email protected]>,
"Eric Eisenman" <[email protected]>, "Eileen Koch"
<[email protected]>, "Dave Parquet" <[email protected]>, "Curtis
Kebler" <[email protected]>, "Curt Hatton"
<[email protected]>, "Cody Carter" <[email protected]>, "Carolyn
Baker" <[email protected]>
cc: "Jan Smutny-Jones" <[email protected]>, "Katie Kaplan" <[email protected]>,
"Carol Hudson" <[email protected]>, "Steven Kelly" <[email protected]>, "Andy
Brown" <[email protected]>, "Doug Kerner" <[email protected]>, "Diane
Fellman" <[email protected]>
Subject: IMPORTANT CONFERENCE CALL ON QF/SRAC MATTERS SCHEDULED FOR 12:30
P.M. (NOONISH) ON SUNDAY, JAN. 21
An important conference call is scheduled for 12:30 p.m. (PST) on Sunday,
Today, Jan 21 to discuss the status of legislative meetings on QF/SRAC
matters.
Call-In number is 888-422-7124
Particpant Code is 111756
Status Report
After a marathon 12 hour meeting with Assemplyman Keeley, Senator Battin, QF
Parties, and SCE, a Keeley sponsored "deal" was proposed at 3:30 a.m. this
morning. The crux of the deal is as follows:
For renewables and non-gas fired QF, essentially ...
7.8 cents/kwh for delivered power for 5 years ["all in", i.e. includes
capacity and energy]
1.0 on losses
no 'clawback' for wind resources which may have failed to meet fixed capacity
obligations in the past
Applies "going forward" (presumedly Feb. 1)
For gas-fired QFs...
7.8 cents/kwh for five years, assuming gas is $5.60; payment will
increase/decrease tied to gas (this assumes an IER of 9821)
1.0 on line losses
applies "going forward"
Caacity True-up and "forbearance" were not addressed. Credit worthiness will
be address in the technical conference scheduled for later today (Sunday).
This program will require in part legislative blessing and direction,
followed by CPUC approval of individual contract amendments. This is
essentially the PG&E/QF "deal" for the gas guys. For the renewables, it is
more of a fixed payment approach.
A "Technical Conference" is scheduled for Sunday (today) in Sacramento to
work out some of the implementing details. |
OK for me.
-----Original Message-----
From: Sever, Stephanie
Sent: Monday, October 08, 2001 2:36 PM
To: Lombardi, Kelly; Lambert, Karen; Jones, Tana
Cc: Moran, Tom; Lees, Lisa
Subject: FW: US Benzene Fin Options - Please review and reply
Tana, Kelly, Karen:
The product long description below will fall under the new product type:
US Benzene Fin Opt
Credit (Tom Moran/Wendi Lebrocq) have approved copying the profiles for the new product type from the following:
US Unl Gasoline Fin Opt
Please respond no later than 10 AM, Wednesday, October 10.
Thank you.
-----Original Message-----
From: Moran, Tom
Sent: Monday, October 08, 2001 1:54 PM
To: Sever, Stephanie
Cc: Lebrocq, Wendi
Subject: RE: US Benzene Fin Options - Please review and reply
Stephanie,
Let's copy the existing profiles for US Unl Gasoline Fin Opt Call and use it for this new product.
Let me know if there are any questions.
Regards,
tm
-----Original Message-----
From: Sever, Stephanie
Sent: Monday, October 08, 2001 1:47 PM
To: Moran, Tom; Lebrocq, Wendi
Subject: FW: US Benzene Fin Options - Please review and reply
What do you think about coping profiles from US Benzene Fin Swap?
Thanks,
Stephanie
-----Original Message-----
From: Lozano, Melba
Sent: Friday, October 05, 2001 3:28 PM
To: Hagelmann, Bjorn; Adams, Matthew
Cc: Lees, Lisa; Sever, Stephanie; Sweitzer, Tara; Blumenthal, Jeff; Musch, Susan; Meredith, Kevin
Subject: FW: US Benzene Fin Options - Please review and reply
<< File: ENA Financial GTC (credit).doc >> << File: ENA Financial GTC.doc >>
Please provide a sigma factor for the following Product Type:
US Benzene Option :
Puts
calls
straddles
The products are Asian Financial Options quoted in lots: 1lot = 1,000 barrels = 42,000 gallons.
Thanks,
Melba
CALL
US Benz Fin Opt CMAI Spot AsC4.5 Oct01 USD/GL-L
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. Where this Transaction is a Call Option, the Cash Settlement Amount shall be the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the greater of (i) zero, or (ii) the Index minus the Strike Price. Where this Transaction is a Put Option, the Cash Settlement Amount shall be the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the greater of (i) zero, or (ii) the Strike Price minus the Index. Where this Transaction is a Straddle Option, the Cash Settlement Amount shall be the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the absolute difference between the Strike Price and the Index.
The Term of the Transaction shall be from the Effective Date of 01 Oct 2001 to the Termination Date of 31 Oct 2001.
The Exercise Period(s) shall be the last Trading Day of the Determination Period. The Index for a month shall be the average of the means of the high and low price in Cents/Gallon of Benzene published under the headings "Prices for Period Ending [DATE]: United States: Benzene)" under the caption "SPOT: Cents/Lb." in each issue of Chemical Market Associates, Inc.'s Aromatics Market Report (Weekly) that reports prices effective for such month.
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 42,000 gallons per month.
The Option style and type shall be an Asian Call, ("AsC").
Automatic Exercise is Applicable.
The strike price for the transaction is 4.5 United States Dollar/Gallon Lots.
PUT
US Benz Fin Opt CMAI Spot AsP4.5 Oct01 USD/GL-L
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. Where this Transaction is a Call Option, the Cash Settlement Amount shall be the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the greater of (i) zero, or (ii) the Index minus the Strike Price. Where this Transaction is a Put Option, the Cash Settlement Amount shall be the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the greater of (i) zero, or (ii) the Strike Price minus the Index. Where this Transaction is a Straddle Option, the Cash Settlement Amount shall be the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the absolute difference between the Strike Price and the Index.
The Term of the Transaction shall be from the Effective Date of 01 Oct 2001 to the Termination Date of 31 Oct 2001.
The Exercise Period(s) shall be the last Trading Day of the Determination Period. The Index for a month shall be the mean of the average of the high and low price in Cents/Gallon of Benzene published under the headings "Prices for Period Ending [DATE]: United States: Benzene)" under the caption "SPOT: Cents/Lb." in each issue of Chemical Market Associates, Inc.'s Aromatics Market Report (Weekly) that reports prices effective for such month.
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 42,000 gallons per month.
The Option style and type shall be an Asian Put, ("AsP").
Automatic Exercise is Applicable.
The strike price for the transaction is 4.5 United States Dollar/Gallon Lots. |
Be sure to talk to Peter on any of the Canada related master nettings so he can orchestrate any necessary Canada filings. I have spoken with him on this matter so he should be up to speed. Any questions, stop by.
-----Original Message-----
From: "Lech Kalembka" <[email protected]>@ENRON
Sent: Saturday, November 10, 2001 6:49 PM
To: Heard, Marie
Cc: Cook, Mary; David Mitchell
Subject: Re: FW: Enron Canada Corp
We will need the "organizational ID" number for the Delaware, Maryland and
Texas entities. If you wish, we can obtain this information from CT Corp.
or a similar service provider for a charge of $12 per entity.
Also, for UCC filing purposes, we need to know whether any counterparty is
a "transmitting utility", i.e., entity primarily engaged in transmitting or
producing electricity or transmitting goods by pipeline.
Finally, I assume you will consult with local counsel regarding the
Canadian counterparties.
Thank you.
Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY 10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: [email protected]
"Heard,
Marie" To: [email protected]
<Marie.Heard@ cc:
ENRON.com> Subject: FW: Enron Canada
Office: Corp
11/06/2001
02:04 PM
Is there anything else you need for BP Amoco?
Marie
> -----Original Message-----
> From: "Dixon, Billy D" <[email protected]>@ENRON
> Sent: Tuesday, November 06, 2001 1:00 PM
> To: Heard, Marie
> Subject: RE: Enron Canada Corp
>
> Principal Operating Offices:
>
> BP Corporation North America Inc.
> 200 East Randolph Drive
> Chicago, Illinois 60601
>
> BP Energy Company
> 501 West Lake Park Boulevard
> Houston, Texas 77079
>
> Vastar Resources, Inc.
> 200 East Randolph Drive
> Chicago, Illinois 60601
>
> BP Canada Energy Company
> 240 - 4th Avenue S.W.
> Calgary, Alberta T2P 4H4
>
> BP Canada Energy Marketing Corp.
> 200 East Randolph Drive
> Chicago, Illinois 60601
>
> Cibola Energy Services Corporation
> 350 N. St. Paul Street
> Dallas, TX 75201
>
> IGI Resources, Inc.
> 200 East Randolph Drive
> Chicago, Illinois 60601
>
> BP Oil Supply Company
> 200 East Randolph Drive
> Chicago, Illinois 60601
>
> BP Products North America Inc.
> 200 East Randolph Drive
> Chicago, Illinois 60601
>
> BP Amoco Chemical Company
> 200 East Randolph Drive
> Chicago, Illinois 60601
>
> Atlantic Richfield Company
> 333 S. Hope Street
> Los Angeles, CA 90071
>
> Amoco Production Company
> 501 WestLake Park Boulevard
> Houston, Texas 77079
>
> BP Chemicals Inc.
> 200 East Randolph Drive
> Chicago, Illinois 60601
>
>
> -----Original Message-----
> From: Heard, Marie [mailto:[email protected]]
> Sent: Tuesday, November 06, 2001 8:54 AM
> To: [email protected]
> Subject: RE: Enron Canada Corp
>
>
> I sure will if you will tell me the principal place of business of all
> your entities party to the Master Netting Agreement.
>
> Enron Canada Corp.
> 3500, 400 - 3rd Avenue S.W.
> Calgary, Alberta T2P 4H2
>
> > -----Original Message-----
> > From: "Dixon, Billy D" <[email protected]>@ENRON
> > Sent: Tuesday, November 06, 2001 7:47 AM
> > To: Heard, Marie
> > Subject: Enron Canada Corp
> >
> > Would you please tell me where Enron Canada Corp.'s principal place
> of
> > business in Canada is located?
> >
> > Very truly yours,
> >
> > BILLY
> > Billy D. Dixon
> > Attorney
> > BP America Inc.
> > 501 Westlake Park Blvd., Rm 16.166
> > Houston, Texas 77079
> > Direct 281/366-4745
> > Fax 281/366-5901
> > [email protected]
> >
> > ***IMPORTANT -- THIS EMAIL AND ANY ATTACHMENTS HERETO ARE
> > ATTORNEY-CLIENT
> > AND/OR ATTORNEY WORK-PRODUCT PRIVILEGED AND CONFIDENTIAL. If you
> have
> > received this email in error, do not under any circumstances read,
> > forward,
> > copy, disseminate or save this email or any of its attachments. If
> > you have
> > received this email in error, take the following actions: (1) reply
> to
> > this
> > email indicating that you received this email in error, and (2)
> delete
> > and
> > completely erase this email and its attachments from your computer
> and
> > any
> > backup systems or "Deleted Items" folders.
> >
>
>
> **********************************************************************
> 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.
> **********************************************************************
==============================================================================
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.
============================================================================== |
Energy Boost Electricity generators note Bush's focus on more supply
Source: Fort Worth Star - Telegram
Publication date: 2001-05-19
Arrival time: 2001-05-21
Electricity generators around the country didn't need to read the Bush
administration's energy plan to know there's already a strong market for
their product.
"It's a bit of frenzy, I would say," Lane Kadel said of demand for the
natural gas-fired turbines brokered by his company, Utility Warehouse.com of
Portland, Ore. The 5-year-old enterprise, originally started to help electric
utilities buy and sell surplus equipment, has seen demand for
electricity-generating machinery move into high- voltage territory in recent
months.
With electricity already in short supply in parts of the country, headlines
of rolling blackouts in California, and growth projected to require more
power, U.S. electricity generators have announced plans for 312,836 megawatts
of new capacity. That's equal to about 40 percent of the nation's existing
generating capacity.
So it was no surprise to anybody in the industry that electricity figured
prominently Thursday in President Bush's energy plan. The plan largely
emphasizes the need to add more energy supplies, projecting that the nation
will need to add 393,000 megawatts of capacity by 2020. In 1999, the nation
added 10,266 megawatts of new capacity, according to the Energy Department.
Bush's plan also aims to speed up additions to generating capacity by easing
licensing, permitting and other regulatory review, including rules to
encourage more nuclear power plants.
The Bush plan, industry people say, apparently contains nothing to discourage
the industry's push to add supply.
"If there is, we haven't seen it," said Mark Stultz, vice president of the
Electric Power Supply Association, a group of independent power producers.
The plans for new capacity that have already been announced represent more
than $150 billion in potential investment in new electricity supply.
Not all the planned capacity will be built, at least not right away, said Tom
Rose, vice president of public affairs at TXU in Dallas. But a lot will, and
the projects that are postponed will probably still go through permitting and
land acquisition, "things that don't cost a lot of money," Rose said.
With that groundwork done, new capacity could come on line all the faster
when the market justifies it, he said.
The emphasis on adding supply doesn't please everyone in the electricity
business.
Jerry Davia, president of Orion Energy in Sausalito, Calif., would rather see
the government encourage investment in energy efficiency. Davia's company
consults with companies, including San Antonio-based H.E. Butt Grocery Co.,
to design and finance energy-saving systems.
"There's tons of new, energy-efficient technology out there all the time," he
said. "There's enough conservation to tackle any problems we have."
Energy users are probably in the best position to decide which energy
efficiencies make sense financially, but the government could make the
economics more attractive with tax credits and other incentives, he said.
"I don't see anything that bodes well" in the Bush plan as far as subsidies
and credits, he said. "And there's nothing just for California."
That's fine with Karl Rabago, managing director of the Rocky Mountain
Institute, a not-for-profit organization that advocates efficient use of
resources, including energy.
Rabago said he doesn't want energy use subsidized, because that
short-circuits the market mechanism that forces users to reduce consumption
in response to higher prices. At the same time, he also doesn't like aspects
of the Bush plan that he believes subsidize energy production.
Jesper Michaelsen, sales manager for wind turbine manufacturer NEG Micon USA
of Rolling Hills, Ill., said he was disappointed that Bush's plan doesn't set
any specific goals for increasing the amount of power generated from
renewable sources. Wind and solar sources account for just 2 percent of the
nation's total electricity market.
But Allen Barnett, who heads solar panel maker AstroPower of Newark, Del.,
said he's thankful for any attention at all, given the oil-and-gas
backgrounds of many Bush advisers. The Bush plan does include tax credits for
people who purchase solar panels.
"It's the most we could hope for," Barnett said. "I didn't expect them to
abandon their roots."
The Bush electricity measures that don't deal with adding generating capacity
address ways to build a bigger transmission system to carry power from
generators to users.
Two major recommendations include the creation of a national electricity grid
and giving federal regulators power to condemn private property for
infrastructure improvements such as new electrical transmission lines and
natural gas pipelines to deliver fuel to new generators.
Today, the United States has three regional electricity transmission grids:
Western, Eastern and Texas, which is mostly on its own grid and - unlike
energy-strapped states such as California - has a surplus of electricity.
Texas is virtually unconnected to the two regional grids, and the two
regional grids likewise aren't efficiently linked.
"It's going to lead to a lot of new investment," utility analyst Barry
Abramson, of the UBS Warburg investment firm, said of Bush's proposals.
"Right now, the country is full of transmission bottlenecks that make the
system less efficient and hinder competition and the delivery of power."
The 1995 Texas Legislature commissioned a study into tying Texas into the
national grids and concluded that it would cost $500 million to $600 million,
TXU's Rose said.
"It is not easy," he said. "It all has to be done at the same time," because
the amount of electricity moving between grids would quickly overload one or
two connecting lines.
Rose also said many states, including Texas, already allow governments to
condemn private property, a process called eminent domain. Public
transportation projects provide the most common use of eminent domain, along
with the construction of pipelines.
Kadel said boosting the nation's electricity infrastructure might be just as
important as adding generating capacity. "Right now you don't have any way to
move the electricity, so prices are high," he said.
This report includes material from The Associated Press. |
If you are reading this message in plaintext or if you have an AOL address you must click on this link: http://www.smallcapnetwork.net/archive/listserv/20020123-1.html and wait for a web page to automatically open up to properly read this newsletter.
[IMAGE]
[IMAGE] Dow Jones [IMAGE] 9730.96 + 17.16 6:08 pm EST, Wed., January 23, 2002 [IMAGE] NASDAQ [IMAGE] 1922.38 + 39.85 For info, visit www.smallcapnetwork.net . [IMAGE] S & P 500 [IMAGE] 1128.18 + 8.88 To be removed, please click here . [IMAGE] Russell 2000 [IMAGE] 477.45 + 8.02 VOLUME 02: ISSUE 7
[IMAGE]
IPOs: Used To Abuse Yesterday, Credit Suisse First Boston, one of the most respected firms on Wall Street said it will pay U.S. securities regulators $100 million to settle charges of using abusive practices to allocate shares in initial public offerings (IPOs). In a statement issued by Stephen Cutler, Director of the SEC's Division of Enforcement, "CSFB improperly took advantage of its position as underwriter by allocating shares of hot IPOs to customers who agreed to share their IPO profits by paying excessive commissions." CSFB made $718 million underwriting technology IPOs in 1999 and 2000. The firm will pay a $30 million fine and hand over $70 million in profit to resolve charges of "abusive IPO allocation practices". The SEC and the National Assn. of Securities Dealers alleged that CSFB illegally profited on hot IPOs by charging commissions of as much as $3.15 a share, compared with a typical rate of 6 cents. The SEC also is probing whether firms such as Morgan Stanley, Goldman Sachs, Robertson Stephens and J.P. Morgan, received pledges from customers to purchase more stock after IPOs began trading. The large investment banks' pain will most certainly turn out to be a gain for some. Our next profile is one of the beneficiaries of not going through a traditional IPO. We are extremely proud to have found this gem. The company will be going public through an RTO, and it will open for trading on the American Stock Exchange. Unfortunately we do not have an exact date on this new issue but it is safe to say that the first week of February will be the time frame for the stock to open for trading. You can learn more about RTOs in our January 16th edition of the SmallCap Digest. We cannot announce the name of the company at this time but we can tell you it is a medical device manufacturer already generating significant sales in the U.S. and abroad. The company expects to turn cash flow positive this year and has a tremendous pipeline of products. This company is a "pick & shovel" entity that is helping to power the biotech revolution. This company has already been featured on a special segment on Good Morning America. In addition, their shareholders include some of the smartest money on the planet. Because this company will not be going public through the traditional IPO, all open market investors will be on an equal playing field once the stock begins trading. The even playing field provided by an RTO is a breath of fresh air in an industry marred with improprieties. The SmallCap Digest will immediately send out our profile on the company once it is opened for trading. For the most up to date alert on this new profile, we suggest our subscribers visit our home page. There we will provide the name, symbol and current quote of the company the moment the stock begins trading. Remember that although all the facts and figures will be provided to you so that you may make an informed investment decision, you should still make an effort to confirm all information through independent third party sources, i.e. the SEC Edgar filings and the company's web site.
D I S C L A I M E R :[IMAGE] The SmallCap Digest is an independent electronic publication committed to providing our readers with factual information on selected publicly traded companies. SmallCap Digest is not a registered investment advisor or broker-dealer. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. Moreover, as detailed below, this publication accepts compensation from third party consultants and/or companies which it features for the publication and circulation of the SmallCap Digest or representation on SmallCapNetwork.net. Likewise, this newsletter is owned by TGR, LLC. To the degrees enumerated herein, this newsletter should not be regarded as an independent publication. Click Here to view our compensation on every company we have ever covered, or visit the following web address: http://www.smallcapdigest.net/compensation_disclosure.html for our full compensation disclosure and http://www.smallcapdigest.net/short_term_alerts.html for Trading Alerts compensation and disclosure. All statements and expressions are the sole opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. The editor, members of the editor's family, and/or entities with which the editor is affiliated, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication. The profiles, critiques, and other editorial content of the SmallCap Digest and SmallCapNetwork.net may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein. THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF SMALLCAPNETWORK.NET. We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com . We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.
---
You are currently subscribed to smallcapdigest as: [email protected]
To unsubscribe send a blank email to [email protected] |
Carlos:
I have visited with Lance Schuler on this matter. The kind of provision you
are talking about would need to be approved by Mark Metts, Tim Detmering, the
President and General Counsel of ENA ( Lance has Haedicke's proxy to sign off
for ENA), and the President and General Counsel of every affiliate that would
be bound by the provision. I suggest when you get in that you get a copy of
the corporate policy on this kind of thing from Lance.
I trust all is well with you and your family. Congratulations on the birth.
Jeff
Carlos Sole@ENRON
04/02/2001 01:40 PM
To: Jeffrey T Hodge/HOU/ECT@ECT
cc: [email protected], Fred Mitro/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT,
Sharon Hausinger/Enron@EnronXGate
Subject: Non-Compete Provision Binding Affiliates
Jeff, I am working on the divestiture of a project company that had been
developing a power plant site in Illinois and as part of our proposed
purchase and sale agreement, the purchaser has requested a non-compete
obligation of 2.5 years with respect to the project and project company that
we are selling that would bind both ENA and its Affiliates. I recall that
previously there was a policy which required certain approvals (including
Mark Metts of Corporate Development) for non-compete agreements that were
binding on other entities beyond the immediate business unit involved in the
transaction. Could you help us out and let us know whom we need to contact.
Thanks.
PS I am working on a legal risk memo for this transaction and will forward
it to you a draft later today or early tomorrow as we are hoping to DASH and
close on it by the end of this week.
Section 7.9 Due Diligence; Competitive Activities.
(a) NOTWITHSTANDING ANYTHING STATED IN THIS PURCHASE AGREEMENT TO THE
CONTRARY, PURCHASER AGREES THAT (A) SELLER RELATED PARTIES HAVE MADE NO
REPRESENTATIONS, WARRANTIES, COVENANTS OR AGREEMENTS TO OR WITH PURCHASER
RELATED PARTIES RELATING TO THE TRANSACTIONS CONTEMPLATED HEREBY, OTHER THAN
THOSE EXPRESSLY SET FORTH IN THIS PURCHASE AGREEMENT AND (B) PURCHASER
RELATED PARTIES HAVE NOT RELIED UPON ANY REPRESENTATIONS, WARRANTIES,
COVENANTS OR AGREEMENTS RELATING TO THE TRANSACTIONS CONTEMPLATED HEREBY,
OTHER THAN THOSE EXPRESSLY SET FORTH IN THIS PURCHASE AGREEMENT. PURCHASER
ADDITIONALLY ACKNOWLEDGES THAT IT HAS CONDUCTED ITS OWN EVALUATION OF ALL
ASPECTS (INCLUDING, WITHOUT LIMITATION, ENGINEERING, ENVIRONMENTAL,
TRANSMISSION, ACCOUNTING, REGULATORY AND LEGAL) OF THE COMPANY AND THE
PROJECT, AND IS RELYING SOLELY ON SUCH INVESTIGATION AND EVALUATION OF SUCH
MATTERS IN DETERMINING WHETHER OR NOT TO ACQUIRE THE INTERESTS.
ADDITIONALLY, PURCHASER HAS INDEPENDENTLY EVALUATED THE RISKS ASSOCIATED WITH
THE DEVELOPMENT OF THE PROJECT AND THE PROSPECTS RELATING TO OBTAINING
REQUIRED PERMITS, CONTRACTS, AGREEMENTS, AND ARRANGEMENTS NECESSARY FOR THE
SUCCESSFUL DEVELOPMENT AND OPERATION THEREOF AND IS RELYING SOLELY ON SUCH
INVESTIGATION AND EVALUATION OF SUCH MATTERS IN DETERMINING WHETHER OR NOT TO
ACQUIRE THE INTERESTS. PURCHASER ACKNOWLEDGES THAT THE KENDALL PROJECT
DOCUMENTS DO NOT REPRESENT OR PROVIDE FOR ALL OF THE ASSETS, PERMITS,
CONTRACTS, AND AGREEMENTS NECESSARY FOR THE PROJECT, AND, EXCEPT AS OTHERWISE
EXPRESSLY PROVIDED IN THIS PURCHASE AGREEMENT, SELLER MAKES NO REPRESENTATION
OR WARRANTY AS TO THE ABILITY OF PURCHASER OR THE COMPANY TO OBTAIN THE SAME
OR ANY OF THE TERMS THEREOF, OR AS TO THE ABILITY OR LIKELIHOOD THAT ANY OF
THE OTHER PARTIES TO ANY OF SUCH DOCUMENTS SHALL PERFORM IN ACCORDANCE WITH
THE TERMS THEREOF.
(b) SELLER HEREBY AGREES THAT FOR A PERIOD OF ONE YEAR[THIRTY MONTHS]
FOLLOWING THE CLOSING, SELLER WILL NOT DIRECTLY OPPOSE ANY ACTION BY
PURCHASER OR THE COMPANY BEFORE THE CITY OF YORKVILLE OR KENDALL COUNTY
AUTHORITIES IN CONNECTION WITH THE DEVELOPMENT OF THE PROJECT NO SELLER
RELATED PARTY SHALL (i) TAKE OR SUPPORT ANY ACTION INTENDED BY SUCH SELLER
RELATED PARTY TO (A) IMPEDE THE COMPANY,S ABILITY TO DEVELOP THE PROJECT IN
THE MANNER CONTEMPLATED BY THE KENDALL PROJECT DOCUMENTS, (B) DELAY
COMPLETION OF THE PROJECT BY THE COMPANY, OR (C) MATERIALLY INCREASE THE
COMPANY,S COST TO COMPLETE THE PROJECT, OR (ii) TAKE OR SUPPORT ANY POSITION
IN ANY PROCEEDING BEFORE ANY GOVERNMENTAL AUTHORITY DIRECTLY RELATING TO THE
PROJECT THAT (A) CONTESTS OR SEEKS TO CONDITION THE ISSUANCE OF ANY
AUTHORIZATION, APPROVAL OR CONSENT SOUGHT BY THE COMPANY OR PURCHASER, (B)
CHALLENGES THE VALIDITY OF ANY AUTHORIZATION, APPROVAL OR CONSENT OBTAINED BY
THE COMPANY OR PURCHASER OR (C) IS IN OPPOSITION TO THAT ASSERTED BY
PURCHASER. EXCEPT AS OTHERWISE PROVIDED IN THIS SECTION 7.9(b) AND SUBJECT
TO COMPLIANCE BY SELLER WITH ITS OTHER EXPRESS OBLIGATIONS IN THIS PURCHASE
AGREEMENT, (i) EACH OF THE SELLER RELATED PARTIES MAY ENGAGE IN WHATEVER
ACTIVITIES IT CHOOSES (INCLUDING DEVELOPMENT ACTIVITIES OR POWER PROJECTS)
REGARDLESS OF WHETHER THE SAME ARE COMPETITIVE WITH THE PURCHASER OR THE
COMPANY, WITHOUT HAVING OR INCURRING ANY OBLIGATION TO DISCLOSE SUCH
ACTIVITIES TO PURCHASER OR THE COMPANY OR TO OFFER TO PURCHASER OR THE
COMPANY ANY INTEREST IN SUCH ACTIVITIES AND (ii) NEITHER THIS PURCHASE
AGREEMENT NOR ANY ACTIVITY UNDERTAKEN PURSUANT HERETO SHALL PREVENT SELLER
RELATED PARTIES FROM ENGAGING IN SUCH ACTIVITIES, OR REQUIRE SELLER RELATED
PARTIES TO DISCLOSE SUCH PARTICIPATION TO PURCHASER OR THE COMPANY, AND AS A
MATERIAL PART OF THE CONSIDERATION FOR THE EXECUTION OF THIS PURCHASE
AGREEMENT BY SELLER, PURCHASER HEREBY WAIVES, RELINQUISHES, AND RENOUNCES ANY
SUCH RIGHT OR CLAIM OF NOTICE OR PARTICIPATION IN SUCH ACTIVITIES.
Carlos Sole'
Senior Counsel
Enron North America Corp.
1400 Smith Street
Houston, Texas 77002-7361
(713) 345-8191 (phone)
713 646-3393 (fax) |
More org stuff. Randy must now be with EWS Legal, since I see he is in an
office on 38.
Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/19/2001 03:14
PM ---------------------------
From: Mark E Haedicke@ECT on 02/21/2001 03:17 PM
Sent by: Janette Elbertson@ECT
To: Alan Aronowitz/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT, Peggy
Banczak/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT, Robert
Bruce/NA/Enron@Enron, Teresa G Bushman/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT,
Michelle Cash/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ned E
Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eddy Daniels/NA/Enron@Enron,
Angela Davis/NA/Enron@Enron, Peter del Vecchio/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Andrew Edison/NA/Enron@Enron, Shawna Flynn/HOU/ECT@ECT,
Chris Gaffney/TOR/ECT@ECT, Robert H George/NA/Enron@Enron, Barbara N
Gray/HOU/ECT@ECT, James Grace/Corp/Enron@ENRON, Mark
Greenberg/NA/Enron@ENRON, Wayne Gresham/HOU/ECT@ECT, Leslie
Hansen/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT,
Karen E Jones/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Alan
Larsen/PDX/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay Mann/Corp/Enron@Enron,
Jane McBride/AP/Enron@Enron, Travis McCullough/HOU/ECT@ECT, Lisa
Mellencamp/HOU/ECT@ECT, Janet H Moore/HOU/ECT@ECT, Janice R
Moore/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Cheryl Nelson/NA/Enron@Enron,
Gerald Nemec/HOU/ECT@ECT, Marcus Nettelton/NA/Enron@ENRON, Limor
Nissan/NYC/MGUSA@MGUSA, John Novak/SA/Enron@Enron, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Angeline Poon/SIN/ECT@ECT, David
Portz/HOU/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Coralina
Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael A Robison/HOU/ECT@ECT,
Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elizabeth
Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lance Schuler-Legal/HOU/ECT@ECT,
Sara Shackleton/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Carol St
Clair/HOU/ECT@ECT, Carlos Sole/NA/Enron@Enron, Lou Stoler/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT,
John Viverito/Corp/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Randy
Young/NA/Enron@Enron, Stuart Zisman/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT,
Kimberlee A Bennick/HOU/ECT@ECT, Martha
Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sarah
Bruck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Genia FitzGerald/HOU/ECT@ECT, Nony
Flores/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT,
Mary J Heinitz/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Kathleen
Carnahan/NA/Enron@Enron, Deb Korkmas/HOU/ECT@ECT, Laurie Mayer/HOU/ECT@ECT,
Matt Maxwell/Corp/Enron@ENRON, Mary Ogden/HOU/ECT@ECT, Debra
Perlingiere/HOU/ECT@ECT, Larry Pardue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Robert Walker/HOU/ECT@ECT, Kay Young/HOU/ECT@ECT, Merrill W Haas/HOU/ECT@ECT,
Andrea Calo/SA/Enron@Enron, Brent Hendry/NA/Enron@Enron, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Greg Johnston/CAL/ECT@ECT, Peter
Keohane/CAL/ECT@ECT, Justin Boyd/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Mark
Elliott/LON/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Denis
O'Connell/LON/ECT@ECT, Robert Quick/LON/ECT@ECT, Paul Simons/LON/ECT@ECT,
Martin Rosell/OSL/ECT@ECT, Rahul Saxena/LON/ECT@ECT, Greg
Johnston/CAL/ECT@ECT, Mark Powell/CAL/ECT@ECT, Christian Yoder/HOU/ECT@ECT,
Matthias Lee/SIN/ECT@ECT, Suzanne Adams/HOU/ECT@ECT, Connie
Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sheri L Cromwell/HOU/ECT@ECT,
Margaret Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janette
Elbertson/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Carolyn
George/Corp/Enron@ENRON, Holly Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jan M King/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT,
Becky Spencer/HOU/ECT@ECT, Linda J Simmons/HOU/ECT@ECT, Dina
Snow/Corp/Enron@Enron, Twanda Sweet/HOU/ECT@ECT, Brenda
Whitehead/HOU/ECT@ECT, Yo Yamanishi/AP/Enron@Enron, Claudia
Meraz/HOU/ECT@ECT, Reginald Shanks/HOU/ECT@ECT, Wendi
Hoelscher/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, MaryHelen
Martinez/NA/Enron@Enron, Sami Arap/SA/Enron@Enron, Luiz
Watanabe/SA/Enron@Enron, Andrea Calo/SA/Enron@Enron, Patricia
Dutra/SA/Enron@Enron, Karla Azevedo/SA/Enron@Enron, Nancy
Muchmore/NA/Enron@Enron, Sandra Vassel/SA/Enron@Enron, Miguel
Mendoza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Fabian Valle/SA/Enron@Enron,
Paula Porto/SA/Enron@Enron, Celina Ozorio/SA/Enron@Enron, Maria Pia
Beccaccini/SA/Enron@Enron
cc:
Subject: Organizational Announcement
We are pleased to announce organizational changes to the Enron South America
legal department in response to the recent reorganization and realignment of
the principal Enron Wholesale Services business units operating in the
region, Enron Americas and Enron Global Assets.
Randy Young, currently General Counsel of ESA, will be assuming new
responsibilities within Enron. John Novak will become General Counsel of
ESA, reporting to Mark Haedicke. The ESA legal department will be
responsible for supporting all Enron Americas and Enron Global Assets
businesses in the region. Additional legal resources, coordinated by Lance
Schuler, will be provided from EWS Legal in Houston to support ESA's
wholesale activities. John will also work closely with Bruce Lundstrom,
General Counsel of EGA, to coordinate legal support with respect to the EGA
businesses in the region. An organizational chart describing the new
structure is attached.
This new structure will enable us to continue to provide quality legal
support across business lines within South America while improving
coordination and providing additional support from Houston for Enron's
existing operating businesses, as well as the new business development
initiatives under way in the region. |
[IMAGE]AMAZON.COM DELIVERS
HISTORY
Editor, Sunny Delaney
FEATURED IN THIS E-MAIL:
What We're Reading
"Big Chief Elizabeth," "The Dark Valley," "The Ice Master"
Schamarama
An interview with Simon Schama
Truth Made Memorable
An essay by Jacques Barzun
Bestsellers
New in Paperback
American histories "The American Century," "The Great Republic" and "Lies
Across America"
Editor's Choice
"Founding Brothers"
[IMAGE]? Enjoy free shipping on orders over $100. (Restrictions apply.)
WHAT WE'RE READING
[IMAGE]"Big Chief Elizabeth"
by Giles Milton
The follow-up to his best-selling "Nathaniel's Nutmeg," Giles Milton's "Big
Chief Elizabeth" is a sprawling, ambitious tale of how the aristocrats and
privateers of Elizabethan England reached and colonized the "wild and
barbarous shores" of the New World. [IMAGE]Read more
Our Price: $19.20 | You Save: $4.80 (20%)???
[IMAGE]"The Dark Valley"
by Piers Brendon
The 1930s were a time of worldwide economic crisis and political
instability--and the gestation period of World War II. Piers Brendon examines
each of the major powers of the conflict in turn as they move from breadlines
to battlefields in "The Dark Valley," an elegantly written study of those
difficult days. [IMAGE]Read more
Our Price: $28.00 | You Save: $7.00 (20%)???
[IMAGE]"The Ice Master"
by Jennifer Niven
Twenty-five people set sail aboard the Karluk in search of an arctic
continent in June 1913. Trapped in the ice in an unsuitable vessel, the party
was forced to fight their way across the treacherous pack ice to survive.
Jennifer Niven tells their "Endurance"-esque tale of survival in "The Ice
Master." [IMAGE]Read more
Our Price: $19.96 | You Save: $4.99 (20%)???
[IMAGE]Check out other new History books.
return to top
SCHAMARAMA: AN INTERVIEW WITH SIMON SCHAMA
[IMAGE]Combining the resources of the BBC with Simon Schama's literary
panache, "A History of Britain" is a beautifully written, handsomely crafted
book on the sceptered isle. Schama took time out from his busy schedule ("TV
eats your life") to talk to Amazon.com History editor Sunny Delaney about the
book and History Channel series, Queen Elizabeth at Tilbury, and
"Braveheart." [IMAGE]Read more
return to top
TRUTH MADE MEMORABLE: AN EXCLUSIVE ESSAY BY JACQUES BARZUN
[IMAGE]Cultural critic and historian Jacques Barzun examines a variety of
revolutions that have swept the Western world over the past 500 years in
"From Dawn to Decadence." Whether he's examining the scientific revolution or
religious experimentation, Barzun succeeds in revealing how the events of the
past are reflected in the present. In this exclusive essay for Amazon.com,
Dr. Barzun explains how he came to write "The Book"--more than 50 years after
he set out to do so. [IMAGE]Read more
return to top
BESTSELLERS
The top five bestselling history books over the past four weeks.
[IMAGE]"Nothing Like It in the World: The Men Who Built the Transcontinental
Railroad 1865-1869"
by Stephen Ambrose
Our Price: $16.80 | You Save: $11.20 (40%)???
[IMAGE]"Flags of Our Fathers"
by James Bradley and Ron Powers
Our Price: $14.97 | You Save: $9.98 (40%)???
[IMAGE]"From Dawn to Decadence: 500 Years of Western Cultural Life, 1500 to
Present"
by Jacques Barzun
Our Price: $28.80 | You Save: $7.20 (20%)???
[IMAGE]"In the Heart of the Sea: The Tragedy of the Whaleship Essex"
by Nathaniel Philbrick
Our Price: $19.96 | You Save: $4.99 (20%)???
[IMAGE]"Endurance: Shackleton's Incredible Voyage"
by Alfred Lansing
Our Price: $10.36 | You Save: $2.59 (20%)???
[IMAGE]Check out Amazon.com's top 50 History bestsellers.
return to top
NEW IN PAPERBACK: AMERICAN HISTORIES
Three distinctly different approaches to American history.
[IMAGE]"The American Century"
by Harold Evans
Harold Evans's tight, journalistic prose marks the significant events and
personages in America's rise to superpower status in this sprawling yet
eminently readable history of the 20th century. Filled with photographs and
contemporary editorial cartoons, "The American Century" is an excellent
one-volume chronicle of a momentous 100 years. [IMAGE]Read more
Our Price: $28.00 | You Save: $7.00 (20%)???
[IMAGE]"The Great Republic: A History of America"
by Sir Winston Churchill and Winston S. Churchill
Everyone knows Winston Churchill as the great statesman who helped sail
Britain's ship of state through World War II. Less noticeable have been
Churchill's contributions as a historian and author. Many of his numerous
histories contain information on the United States--from America's discovery
to the nation's founding and up to the mid-20th century. Grandson Winston S.
Churchill has edited this work into one volume, titled "The Great Republic,"
now available in paperback. [IMAGE]Read more
Our Price: $11.96 | You Save: $2.99 (20%)???
[IMAGE]"Lies Across America: What Our Historic Sites Get Wrong"
by James W. Loewen
Little seems to delight historian James W. Loewen more than picking apart the
cherished myths of American history. Few Americans study history after high
school--instead, Loewen writes, they turn to roadside historical markers,
guidebooks, museums, and tours of battlefields, childhood homes, and massacre
sites. After finishing Loewen's alternately angry and bemused expos,, readers
will likely never trust a roadside historical marker or tour guide
again--which may prompt them to turn to history books to check things out for
themselves. [IMAGE]Read more
Our Price: $12.00 | You Save: $3.00 (20%)???
[IMAGE]Check out other new History paperbacks.
return to top
EDITOR'S CHOICE: "FOUNDING BROTHERS"
[IMAGE]"Founding Brothers: The Revolutionary Generation"
by Joseph J. Ellis
In retrospect, it seems as if the American Revolution was inevitable. But was
it? In "Founding Brothers," Joseph J. Ellis reveals that many of those truths
we hold to be self-evident were actually fiercely contested in the early days
of the republic. [IMAGE]Read more
Our Price: $20.80 | You Save: $5.20 (20%)???
[IMAGE]Check out more editor's choice History books.
return to top
[IMAGE]
You'll find more great books, articles, excerpts, and
interviews in Amazon.com's History section.
To unsubscribe from Amazon.com Delivers History, or to
subscribe to additional e-mail services, visit your
Amazon.com account page.
This e-mail was sent to [email protected]
Please note that the prices of the items featured above were
accurate at the time this e-mail was sent. However, because our
prices sometimes change, the prices in the e-mail occasionally
differ from those you see when you visit our store.
Copyright 2000 Amazon.com, Inc. All rights reserved. |
Eric - i got your v-mail. call as time permits. also, apologies for going over the top on the detail. however, given the 4 day break, i was concerned some details would be hazy upon return to the office today. pass this on to rod and or kevin as you see fit. i was not sure of any sensitivities so elected to keep it to you and danny. look forward to visiting later..........
sy
-----Original Message-----
From: Young, Steve
Sent: 21 November 2001 16:43
To: Gadd, Eric
Cc: McCarty, Danny
Subject: Gila Bend (TECO-Panda deals)
Sensitivity: Confidential
Eric:
I spoke earlier today with the banker who led the TECO-Panda financing for Societe Generale (lead arranger with Citi on the $2.2 bill. merchant project financing). Following is a summary of the call with healthy amount of detail since it may be some time before we have a chance to visit. Due to confidentialities, Jim could only go so far on some details, so you'll note a number of gaps; however, this should cover many of your questions. Call upon return after the holiday and we can discuss further.
Also attached - after notes - is an article that should capture many of the financing details. Given other demands, I've not yet read the article so duplication between the notes and article is inevitable. A word of caution - PFI details are good but not always accurate so rely principally on the call notes. I also asked for portions of the Offering Memo. but am doubtful on receiving this. Distribute further as you see fit.
Summary of Call
This was a merchant financing with both projects (Phoenix and El Dorado, Arkansas) cross-collateralized and x-defaulted - so treated as a single financing.
Approx. 2250 MW per site for total of 4500 MW (with 4 separate units per site).
Sources of funding - Total of $2.8 Bill. ($2.2 Bill in debt and $600 MM in funded equity). Apparently all of the $600 MM equity was funded at close June 01' [further confirmation is needed]. Of the $2.2 Bill. in debt, $1.7 Bill. was non-recourse and $500 MM was an equity bridge, with recourse to partners. However, lenders looked principally to TECO's credit backed by several guaranty of equity bridge and fronting of the $600 MM in funded equity.
Partnership - 50/50 in all respects (ie. vote and economics). However, TECO must have some preferential rights (eg. cash flows etc..) given their substantial commits on the deal.
Term of debt - 2 yrs. construct facility plus 3 yr. mini-perm with bullet at maturity (approx. 8% amortized at maturity). Five years is the market for merchant deals. Amortization is 18 yr. mortgage style. 144 A expected form of permanent take-out of term debt.
Leverage - 60% financed by term debt, but approx. 50% debt financed when adding all ancillary facilities and other commits (ie. working capital, letters of credit etc..). Jim kept details to minimum but further info. is needed here.
Key Ratio was debt service coverage. Base Case assumed an average DSCR of 3.40X and Min. of 2.40X with cash trapped at 1.75X. Did not get detail on whether DSCR was both historical and forward looking, but suspect there was some kind of forward test. Project finance banks typically expect 3.25 to 4.25 DSCR on merchant finance deals.
Leverage, DSCR and structure in general was done based on what is generally required to gain investment grade rating from agencies when permanent take-out is sought. Additional rating agency requirements can be found on Moody's and S&P web sites.
TECO also will act as operator. TECO was clearly crucial to deal and at least Soc. Gen. had done prior deals with them (not sure about Citi). Panda brought TECO into the deals. Although Panda was a known quantity, Soc. Gen. had no direct project history with them.
Fuel and Power Off take - Lenders looked to extensive an Energy Management Program analysis. The EMP presumed (by C.O.D.): 50% of fuel and power would be under firm contract, 25% of each would be covered by seasonal swing contracts and remaining 25% would remain merchant. Intention is a complete match (term and volumes) for fuel and power contracts. Agency agreements were signed with Noble (1yr. contract) on fuel supply mgt. and Aquilla (2 yr. contract) for managing power sales. Each buys in name of the projects. TECO is responsible for overall energy mgt. and coordination between Noble and Aquilla. Jim said EOD is triggered if fuel and power agreements are not signed in line with E.M. Program by C.O.D. Lenders got comfortable with lack of fuel and power contracts due to substantial equity commitment (approx. $1.1 Bill.).
Consultants were Pace for fuel supply and overall energy management and RW Beck for power market eval.
Fuel Transport - Much of medium term contracted at close (mix of firm and interruptible capacity) out to 7 yrs. Lenders looked to new and released capacity to fill non-contracted needs.
<< File: PFI - Teco Panda Article.doc >>
-----Original Message-----
From: Young, Steve
Sent: 01 November 2001 22:45
To: Gadd, Eric
Subject: RE: Gila Bend
Sensitivity: Confidential
Will continue to dig. Thanks for the greater detail on the questions. I don't expect much but will let you know if anything notable comes of the call.
SY
-----Original Message-----
From: Gadd, Eric
Sent: 01 November 2001 18:35
To: Young, Steve
Subject: RE: Gila Bend
Sensitivity: Confidential
Thanks for the quick response. The objective at ETS is to arrange a long term gas transportation agreement with the Gila Bend project. We estimate their requirements to be 386,000 MMBtus/day and understand that El Paso has agreed to provide 100,000 MMBtus/day. Gila Bend is one of several potential strategic shippers for our project and we are extremely interested in the credit quality of their project, recourse to parents, etc.
Principle risks + mitigants to understand:
Gas supply arrangements
Gas transportation arrangements
Financing arrangements, sources of funds
Power off-take arrangements
Who is the Operator?
Ownership structure, decision-making, etc.
Financial recourse to parents
-----Original Message-----
From: Young, Steve
Sent: Thursday, November 01, 2001 5:37 PM
To: Gadd, Eric
Subject: Gila Bend
I spoke with the project bankers at one of the lead banks (principal underwriters) here in town. They are scheduling a call for me with the banker who lead the deal on their side. I will be asking about fuel supply issues, key risks, terms etc. Forward any additional questions you have and/or provide more specific questions of fuel etc.. and I'll give it a go. I also asked for the Offering Memo., which will be near impossible to get due to confidentiality issues but will let you know how it goes. Let's visit about you attending as well.
Steve |
I am OK with what Credit say, which is if the counterparties are already
approved for trading those pulp & lumber products theyan trade the new
products, except for the following counterparties which we need to be careful
about becuase they could only tansact newsprint:
The Bakersfield Californian: can transact only newsprint
E.W. Scripps Company (The) can only transact 48.8 gram newsprint swaps
Stephanie Sever
03/27/2001 03:08 PM
To: Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly
Lombardi/NA/Enron@Enron, Tom Moran/Enron@EnronXGate
cc: Robert B Cass/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@ENRON, Chris
Walker/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT
Subject: RUSH - EOL PRODUCT TYPE APPROVAL for 5 Financial product types
(Clickpaper to EOL migration)
Tana/Karen/Kelly:
Credit (Tom Moran) has approved copying the profiles for the following new
product types; US Newsprint Fin Swap, US Packaging Fin Swap, US Recycled
ONP#8 Fin Swap and US Recycled OCC #11 Fin Swap from the following:
US Paper Fin Swap
Credit (Tom Moran) has approved copying the profile for the new product type,
US OSB Fin Swap, from the following:
US Lumber Fin Swap
Please respond by 5 p.m. today, Tuesday, March 27.
Thank you.
Stephanie
---------------------- Forwarded by Stephanie Sever/HOU/ECT on 03/27/2001
02:29 PM ---------------------------
Enron North America Corp.
From: Kevin Meredith @ ENRON 03/23/2001 08:24 AM
To: Jeff Blumenthal/HOU/ECT, Susan Musch/ENRON_DEVELOPMENT, Bjorn
Hagelmann/HOU/ECT, Mark Taylor/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, Tom
Moran/HOU/ECT, Shari Mao/HOU/ECT@ECT, Charlie Hoang/HOU/ECT, Laurie
Lee/NA/Enron
cc: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron,
Tara Sweitzer/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT, Torrey
Moorer/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Chris Walker/HOU/ECT@ECT,
Melba Lozano/HOU/ECT@ECT
Subject: EOL PRODUCT TYPE APPROVAL for 5 Financial product types (Clickpaper
to EOL migration)
Your review and approval of the following 5 product types in the EOL
Datamanager is needed (for directions on approval , please see steps for
approval at the bottom of this e-mail). If you have any questions please call
me at ext. 39555.
US Newsprint Fin Swap USD/MT/M
A US Newsprint Financial Swap Transaction with Enron North America Corp.
under which the Seller pays a Floating Price and the Buyer pays the price
submitted by Counterparty on the Website (the Fixed Price) in respect of the
Notional Quantity per Determination Period. The Notional Quantity per
Determination Period shall be the volume submitted by Counterparty on the
Website. Each calendar month during the term of the Transaction will be a
Determination Period. The Payment Date(s) will be 5 business days after the
Floating Price is determinable. The Floating Price shall be the Index for the
relevant Determination Period.
US Packaging Fin Swap USD/ST/M
A US Packaging Financial Swap Transaction with Enron North America Corp.
under which the Seller pays a Floating Price and the Buyer pays the price
submitted by Counterparty on the Website (the Fixed Price) in respect of the
Notional Quantity per Determination Period. The Notional Quantity per
Determination Period shall be the volume submitted by Counterparty on the
Website. Each calendar month during the term of the Transaction will be a
Determination Period. The Payment Date(s) will be 5 business days after the
Floating Price is determinable. The Floating Price shall be the Index for the
relevant Determination Period.
US Recycled ONP #8 Fin Swap USD/ST/M
A US Recycled Financial Swap Transaction with Enron North America Corp. under
which the Seller pays a Floating Price and the Buyer pays the price submitted
by Counterparty on the Website (the Fixed Price) in respect of the Notional
Quantity per Determination Period. The Notional Quantity per Determination
Period shall be the volume submitted by Counterparty on the Website. Each
calendar month during the term of the Transaction will be a Determination
Period. The Payment Date(s) will be 5 business days after the Floating Price
is determinable. The Floating Price shall be the Index for the relevant
Determination Period.
US Recycled OCC #11 Fin Swap USD/ST/M
A US Recycled Financial Swap Transaction with Enron North America Corp. under
which the Seller pays a Floating Price and the Buyer pays the price submitted
by Counterparty on the Website (the Fixed Price) in respect of the Notional
Quantity per Determination Period. The Notional Quantity per Determination
Period shall be the volume submitted by Counterparty on the Website. Each
calendar month during the term of the Transaction will be a Determination
Period. The Payment Date(s) will be 5 business days after the Floating Price
is determinable. The Floating Price shall be the Index for the relevant
Determination Period.
US OSB Fin Swap USD/MSF
A US OSB Financial Swap Transaction with Enron North America Corp. under
which the Seller pays a Floating Price and the Buyer pays the price submitted
by Counterparty on the Website (the Fixed Price) in respect of the Notional
Quantity per Determination Period. The Notional Quantity per Determination
Period shall be the volume submitted by Counterparty on the Website. Each
calendar month during the term of the Transaction will be a Determination
Period. The Payment Date(s) will be 5 business days after the Floating Price
is determinable. The Floating Price shall be the Index for the relevant
Determination Period.
==============================================================================
=====
STEPS FOR APPROVAL:
click the START button
select PROGRAMS
select TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE: Right mouse click on "Approved" |
[IMAGE]IntercontinentalExchange
Firm Physical Natural Gas Price Bulletin
[IMAGE]For Natural Gas Delivered on Thursday, December 27, 2001
(Trade Date of Wednesday, December 26, 2001)
Click here to access index history |
Thanks for asking. Face is fine now. Graduated today and nobody really noticed. Did have to use a little make up though.
>From: "Lenhart, Matthew"
>To: "Lawrence Centola "
>Subject: RE: Blanchard
>Date: Wed, 23 May 2001 15:18:38 -0500
>
>how is your face doing? is the swelling going down?
>
> > -----Original Message-----
> > From: Lawrence Centola [mailto:[email protected]]
> > Sent: Thursday, April 26, 2001 12:07 AM
> > To: sdarrah; maziarz; socalcinephile; bcambr; chad.landry;
> > matthew.lenhart; MMMarcantel; nicholas.danna; RCasey;
> > timothy.blanchard; tdietz; val.generes; dural54
> > Subject: Re: Blanchard
> >
> >
> > As we all know, Blanchard was a GDI his first semester at LSU. While
> > living in Power dorm, Blanchard once overheard one of the Pi PHi for
> > boys that he was hanging out with say "Hey, Dude, Sorority girls are
> > hot!" Blanchard, being from Paincourteville and not being what we
> > would call a 'master' of the English language, though that this
> > 'fresh' Pi Phi meant "All greek girls are good in bed." So what did
> > Blanchard do. He went out and found the first GREEK girl he could,
> > and he started dating her. After many pleasant years, (some of which
> > I will not mention for Tim's sake, and mine) Tim and his Greek
> > Goddess are engaged. Yes, that's right. Tim took Lenhart's advice
> > (because we all know that Lenhart is the authority on relationships
> > with the opposite sex; I mean, who wouldn't take his advice) and Tim
> > decided to start his life sentence with a lovely girl who has bunch of
> > friends who all give it up like it was going out o! f style.
> >
> > Tim's wedding is on THE DAY OF THE MISSISSIPPI STATE GAME. For those
> > of you who are not Tiger fans (which seems to be most of you these
> > days), that is Oct. 20th. I know, it is an away game, which is better
> > than having a wedding on a home game. But some of us who are fans
> > like to go to the out of town games. True story, here. I went to a
> > wedding with Louise and her mother on Friday night. You have not
> > lived until you take two dates to a wedding, one of whom is engaged to
> > your good friend and the other whom cannot speak the language.
> > Anyway, after the wedding that we attended, Louise's mom asked me if I
> > would prefer Tim's wedding ceremony be in either half English and half
> > Greek, or all in Greek. I responded "I do not care. I will be
> > listening to the LSU game on my headphones anyway." I know what some
> > of you are saying, it is only one game. Yes, and I am sure that was
> > the only weekend they could hav! e it since so many of us from New
> > Orleans have been to a wedding at the Greek Cultural Center, because
> > all of us from New Orleans have been to numerous weddings / goat
> > roasts there. Anyway, it is a done deal, and we are all happy for the
> > couple.
> >
> > The real point of this e-mail is to organize Tim's bachelor party. We
> > have it planned for the weekend of September 22 (what a novel idea!!!
> > Plan a wedding event on a weekend where there is neither an LSU event,
> > nor Jazz Fest!!!) We are planning to go to Vegas. As per our current
> > plans, we would leave on that Thursday (the 20th, I think) and return
> > on Sunday. 'Paw Paw' Blanchard heard that in September, his game of
> > choice really starts hitting, that of course would be the nickel
> > slots. 'Paw Paw' already has his Panama Jack hat, his "Geaux
> > Dinar-deaux" T-shirt, his jams, and his black socks with brown leather
> > sandals packed and ready. His fanny pack is stuffed with Twinkies and
> > silver dimes. He is really fired up about the $1.99 shrimp cocktail
> > (early bird special, of course.)
> > The plans are to get there Thursday night (Nicky, get more drink
> > tickets.) Thursday night we can get settled, possibly gamble a bit.
> > On Friday, maybe play golf (although I will probably be too drunk /
> > hung over / missing for an early tee time.) On Friday night, we can
> > go "clubbin'", as I am sure The Tricky Texas Trio (Lenhart, Landry,
> > and Mitch) will want to do. On Saturday, Tim wants to wake up early,
> > get the sports section of the Advocate, drink coffee, and bitch about
> > the Tigers. Instead, we are going to watch and bet on College
> > Football all day.
> > Saturday night, Tim wants to go see Sigfried and Roy. However, we are
> > not doing that. If he wants to see gay men play with caged tigers, he
> > can find out the next time Nesbitt tries out for the LSU cheerleading
> > team. Instead, either SaturDay or Friday night, myself and a select
> > group (yet to be determined, but including Lenhart if he is not doing
> > his best Ricky Martin impression at Club C2K) will go on a recon
> > mission to the Deja Vu. Therefore, on Saturday night, we will have
> > entertainment in the room that some of us have seen before, and who
> > know what is expected of them (that way Lenhart will not make the
> > entertainment cry when he asks them to fuck his Elway blow-up doll).
> > Remember Tim. If you use a strap on, it is not considered cheating.
> > I am a future lawyer. I should know.
> > This weekend is September 22. There is no excuse for you to come up
> > with when you have this much notice. Out of money? Bullshit. Save
> > up until then. Have to work? Bullshit. Take a vacation day.
> > Actually, September will be the first month that I will be gainfully
> > employed. But, I know that my boss, the Honorable G.Thomas Porteous,
> > will let me off for one day if debauchery will be had, although I may
> > have to put a few hundreds on black for him periodically throughout
> > the weekend.
> > For those of you who will be recently married, I already have an
> > excuse for you. "Honey, Tim came to all OUR wedding functions. The
> > least I can do is return the favor."
> > For those of you that will be married shortly after Tim, I also have
> > an excuse. "Baby / Schmoopy / I wish your tits were as big as Mindy/,
> > if want other people to come to our wedding functions, then I have to
> > attend theirs." For all of you single guys, no excuse.
> > Please respond to this e-mail at your earliest convenience, or I will
> > see ya'll this weekend. All plans are subject to change. (Chad, if
> > you want to send an e-mail to only me, hit 'Reply to sender.' If you
> > hit 'Reply to all'. it sends the message to all of the RECEPIENTS of
> > the original message. I know that you said Law School was such a
> > stupid idea compared to Business School, but I think you could learn
> > from some of our lessons, such as it is better to remain silent and be
> > thought of as a fool than to open your mouth and remove all doubt.)
> >
> > Hope this e-mail finds you doing well.
> >
> > Signed,
> > Granola, Blarry, your Daddy, Mushroom head, Captain Nic, King, Smokey,
> > charming drunk, your heighness, the one who never looses his emotions
> > when he drinks, SG Nerd, Governor, lawyer, or anything else you want
> > to call me.
> >
> > Get your FREE download of MSN Explorer at http://explorer.msn.com <<
> > File: ~~DLNK0.URL >>
> >
><< winmail.dat >>
Get your FREE download of MSN Explorer at http://explorer.msn.com |
Thanks for your note.
Erwin Landivar@ENRON
02/21/2001 01:57 PM
To: Sally Beck@ECT
cc:
Subject: Global Accounting Promotions
Congratulations Sally on your promotion, and good luck on your new
responsibilities.
Regards,
Erwin
---------------------- Forwarded by Erwin Landivar/SA/Enron on 02/21/2001
04:57 PM ---------------------------
From: Rick Causey on 02/21/2001 05:02 AM
Sent by: Enron Announcements
To: All Enron Worldwide
cc:
Subject: Global Accounting Promotions
Please join me and the Global Accounting leadership team in congratulating
the following individuals on their promotions to:
To Managing Director
Sally Beck (EWN)
Fernley Dyson (EEL)
To Vice President
Beth Apollo (ENW)
Janine Juggins (EEL Tax)
Phillip Lord (EBS)
Laura Scott (ENA)
Chris Sherman (ENA)
Wade Stubblefield (EES)
To Senior Director
Buddy Aiken (EEL)
Jim Coffey (ENA)
Donette Dewar (Intl. Tax)
Patricia Dunn (NEPCO)
Mark Frank (ENA)
William Gehle (EECC)
Joseph Grajewski (EECC)
Jan Johnson (Corp)
Scott Mills (ENW)
James New (EEL)
Mary L. Ruffer (ENA)
Richard Sage (EEL)
Elaine Schield (Corp)
Kevin Sweeney (ENW)
Beth Wapner (EBS Tax)
Director
Thresa Allen (ENW)
Ron Baker (Corp)
Misty Barrett (EES)
Jeff Blumenthal (EWS)
Trey Cash (Corp Tax)
Karen Choyce (Corp)
Cheryl Dawes (ENA)
Lanette Earnest (EWS Tax)
Jeffrey Gossett (ENW)
Robert Guthrie (ETS Tax)
Susan Helton (ENA)
Ralph Jaeger (EEL)
Andrea Kerch (EEL)
Faith Killen (ENA)
Johnna Kokenge (Corp)
Matt Landy (EEL)
Andy Lawrence (ISC)
Connie Lee (EBS)
Caroline Lothian (EEL)
Meg Malone (Corp Tax)
Gary Peng (Corp)
Stephen Schwarzbach (Corp)
Sally Seelig (EES Tax)
Don Shackley (EES/London Tax)
Patricia Shannon (Corp)
Eddie Sikes (Intl. Tax)
Jeffrey Smith ( EGM)
Ron Smith (GSS)
Kim Theriot (ENW)
Hope Vargas (ENA)
Tina Ward (EEL)
Stephen Whitaker (EEL)
Stacey White (ENW)
Rob Wilcott (Corp)
To Manager
Christopher Abel (ENW)
Stacey Aune (ENA)
David Baumbach (ENW)
Maya Beyhum (ENW London)
Patricia Bloom (ENA)
Matthew Brown (ENW)
Vince Cacaro (ISC)
Clara Carrington (ENW)
Carol Carter (ENA)
Carolyn Centilli (ISC)
Erin Copeland (EECC)
Richard Cross (ENW)
Rachel Davis (Corp)
Michael Desbiens (ISC)
David Dupre (ISC)
Eileen Flanagan (EEL)
Regina Figueroa (ISC)
Rebecca Ford (ENW)
Darron Giron (ENW)
Julie Goodfriend (International Tax)
Karen Gruesen (ENA)
Kevin Hall (EEL)
Kristen Hanson (ENW)
David Horne (ISC)
Larry Hunter (ENW)
Todd Hunter (EES)
Jim Ischy (GSS)
Chris Jones (ISC)
William Kasmervisz (ENW)
Kam Kaiser (ENW)
Kedar Kulkarni (ISC)
Monica Lande (ENW Portland)
Suzanne Lane (EEL)
Vince Mack (ISC)
David Maxwell (ENW)
Emitra Nelson (ISC
Caroline Nugent (EWS Tax)
Mark Pope (ISC)
Yiannis Poulopoulos (London Tax)
Melissa Ratnala (ENW)
Jason Sharp (Corp Tax)
Stephanie Smith (Corp)
Patricia Spence (ENW)
Amy Spode (ENW)
Patricia Sullivan (ENW)
Lisa Sutton (ETS)
John Swinney (ENW)
Deana Taylor (Corp)
Dimitri Taylor (ENW)
Wayne Tencer (EES)
Bernella Tholen (ENA)
Theresa Vos (ENA)
Blake Walker (EECC)
Bob Ward (International Tax)
David Williams (EEL)
To Senior Specialist
Amelia Alland (ENW)
James Armstrong (ENA)
Carmen Ayala (GSS
Cynthia Balfour-Flanagan (ENW)
Gilda Bartz (Corp)
Stacey Brewer (ENW)
Marian Briscoe (Corp Tax)
Aneela Charania (ENW)
Patricia Clark (Corp)
Chris Crixell (EES Tax)
Diane Ellstrom (ENW)
Heidi Griffith (EES)
Marla Hernandez (ISC)
Marlene Hilliard (ENW)
Dave Hollick (London Tax)
Rachel Jones (EEL)
Dawn Kenne (ENW)
Harry Kent (EWS Tax)
Blanca Lopez (ENA)
Brian Hunter Lindsay (EEL)
Rachel Lyon (EEL)
Stacy Hardy (ENA)
Sally McAdams (ISC)
Kelly McCain (Corp Tax)
Errol McLaughlin, Jr. (ENW)
Sylvia Martinez (ISC)
Kevin Meredith (ENW)
Meredith Mitchell (ENW)
Winnie Ngai (Corp Tax)
Thien-Huong Ngo (ENW)
Brian Palmer (ENW)
Bich Ann T Pham (ENA)
Shelly Pierson (Corp)
Lillie Pittman (ISC)
David Rae (ENW)
Dixie Riddle (ETS Tax)
Salvador Dominguez (Corp)
Mark Schrab (ENW)
Stephanie Sever (ENW)
Danielle Shafer (ISC)
Shifali Sharma (ENW)
Keith Simper (ENA)
Christopher Spears (ENW)
Caron Stark (ISC)
Tara Sweitzer (ENW)
David Vandor (ENA)
Mary Womack (ISC)
David Yang (International Tax)
Sabrae Zajac (ENW)
To Specialist
Kim Chick (EES Tax)
Justin East (EEL)
Joey Esperance (International Tax)
Randi Howard (ISC)
Melanie Hutchinson (EWS Tax)
Mary Joseph (Corp Tax)
Sherri Kathol (International Tax)
Lex Lacaze (International Tax)
Michelle LeBlanc (Corp Tax)
Ling Li (EWS Tax)
Kori Loibl (ENW)
Alan Marsh (Corp Tax)
Bruce Mills (ENW)
Erika Moore (EEL)
Matthew Motsinger (ENW)
Sherry Meyers (ISC)
Andrea Price (Corp Tax)
Bernice Rodriguez (ENW)
Tina Salinas (EES Tax)
Brent Vasconcellos (Corp Tax)
Brandi Wachtendorf (ENW)
Patryk Wlodarski (ENW London)
To Entry Specialist
Stuart Sheldrick (EEL)
To Accountant I
Becky Klussman (Corp)
To Accountant II
Silvia Shelby (Accounts Payable)
To Staff
Mary Behn (EES)
Guy Freshwater (ENW London)
Geralynn Gosnell (ENW)
Richard Miley (ENW)
Brent Storey (ENW London)
Stuart Thom (ENW London)
Judith Walters (ENW)
Jonathan White (ENW London)
Joan Winfrey (ENW)
To Senior Tax Analyst
Emily Allwardt (International Tax)
Leon Branom (EBS Tax)
Shanna Husser (EES Tax)
Shilpa Mane (Corporate/London Tax)
Todd Richards (Corp Tax)
Michelle Thompson (Corp Tax)
To Sr. Administrative Assistant
Norma Chavez (International Tax)
Sarah Knott (ENW London)
To Sr. Travel Administrator
Cheryl Slone (GSS )
To Administrative Coordinator
Heather Choate (ENW)
Kayla Heitmeyer (GSS)
To Senior Clerk
Angela Barnett (ENW)
Matthew Davies (ENW London)
Daniela De Lisi (ENW London)
Rufino Dorteo (ENA)
Mark Pilkington (ENW London)
Narjinder Sandhu (EEL)
Howard Sweasey (EEL)
Laura Vargas (ENW)
Jo Ann Woods (Corp Tax)
To Intermediate Clerk
Maria Maldonado (Accounts Payable)
Araceli Mondragon (Accounts Payable)
Irma Rodriguez (Accounts Payable)
Bernita Sowell (Accounts Payable) |
The Enron BOD approved the following limit changes for Global Markets today,
effective for trading day Tuesday, February 13, 2001. A separate e-mail was
sent to each of your head traders and business unit controllers/CAO for each
of these commodity groups with limit changes.
New Limits Existing Limits
Equity Trading
Net Open Position Limit $200 MM $100 MM
Maturity / Gap Limit N/A N/A
VaR Limit $10 MM $6 MM
Convertible Arbitrage
Net Open Position Limit $150 MM *****
Maturity / Gap Limit N/A *****
VaR Limit $2 MM *****
***** This product was included in the Debt trading commodity group that was
transferred to Enron Europe and combined with Credit trading in December
2000; new limits requested to establish separate commodity group in Global
Markets in 2001
Financial Instruments
Foreign Currency:
Net Open Position Limit $150 MM $100 MM
Maturity / Gap Limit N/A N/A
Interest Rate:
Net Open Position Limit $250,000/bp $100,000/bp
Maturity / Gap Limit N/A $ 50,000/bp(<=2 yrs)
VaR Limit $5 MM (Combined) $3 MM (Combined)
Soft Commodities
Net Open Position Limit 4,000 Contracts 2,000 Contracts
Maturity / Gap Limit N/A 2,000 Contracts
VaR Limit $2 MM $0.75 MM
Grains
Net Open Position Limit 750 Contracts 1,000 Contracts
Maturity / Gap Limit N/A 1,000 Contracts
VaR Limit $0.5 MM $0.5 MM
Meats (formerly called Livestock)
Net Open Position Limit 750 Contracts 1,000 Contracts
Maturity / Gap Limit N/A 1,000 Contracts
VaR Limit $0.5 MM $0.75 MM
Weather Derivatives
Net Open Position Limit 40,000 EOL Equiv. Contracts 30,000 EOL Equiv.
Contracts **
Maturity / Gap Limit N/A N/A
VaR Limit $4.5 MM $3 MM
** $100 MM notional value
Coal and Freight
Net Open Position Limit 30 MM MT 15 MM MT
Maturity / Gap Limit 30MM MT 12-month 15 MM MT 12-month
VaR Limit $7 MM *** $4 MM ***
*** Freight limited to $2 MM VaR (no change)
Global Products
Net Open Position Limit 18 MM Bbl 12.5 MM Bbl
Maturity / Gap Limit 19 MM Bbl 12-month 15 MM Bbl
VaR Limit $15 MM $8 MM
EOL Crude - Sub-limit of Global Products
Net Open Position Limit 2 MM Bbl
Maturity / Gap Limit 3 MM Bbl 12-month
VaR Limit $3 MM (included in Global Products $15MM VaR)
LNG
Net Open Position Limit 9 Bcf None
Maturity / Gap Limit 12 Bcf 12-month None
VaR Limit $5 MM None
Note 1: The BOD directed us to combine some limits for some businesses, so
your individual commodity limits may become sub-limits subject to a larger
combined limit (for example, 1) combine equity, convertible arbitrage, and
financial instruments' i/r and f/x, 2) combine Softs, Grains, and Meats, and
potentially other newer businesses as well). We will work with you as these
higher level limits are being developed.
Note 2: Cross-commodity trading authority was not pre-approved for anyone in
the company. Authority to trade a commodity for which you are not the
authorized trader must be obtained from the Business Unit Office of the
Chairman for the commodity group that is authorized to trade that commodity,
with appropriate reporting as noted below.
Policy amendments were as follows:
u Clarify the cross-commodity trading policy to specify that trading limits
are to be applied against Enron,s consolidated commodity positions on an
individual commodity group basis; Enron,s consolidated Daily Position Report
should provide required market risk disclosures by primary commodity group;
(for example, Enron,s exposure to the North American Natural Gas market shall
be aggregated across the company).
) Delegate cross-commodity trading approval among established commodity
groups to the respective Business Units Offices of the Chairman, with
appropriate reporting to the Enron Corp. Chief Risk Officer.
u Specify the operational control requirement that all trades executed over
the telephone must be recorded electronically.
Below are relevant excerpts from the revised policy addressing the
cross-commodity trading guidelines. I will distribute the entire updated
policy as soon as we incorporate the BOD's comments.
V. Operations and Controls.
B. Position Reporting.
"...For purposes of limit monitoring and aggregation of Enron,s consolidated
trading results, Enron,s consolidated Daily Position Report should include
the Net Open Position, Maturity/Gap Position, profit or loss, and potential
exposure (VaR) for approved Commodity Groups consolidated across the company
without regard to which business unit undertook the trading activity. In
those instances where limits are granted to a business unit for a basket of
commodities, reporting for individual commodity risk books shall be
maintained to facilitate aggregation of Enron,s actual consolidated commodity
specific exposure. Management reporting may separately provide business unit
sub-limit monitoring and trading results aggregated according to management
lines."
E. Transaction Approval and Execution. "Only those employees designated by
the Enron Corp. Chief Risk Officer or his designee(s) will be authorized to
enter into Transactions on behalf of Enron. The Chief Risk Officer must also
maintain a record of those employees responsible for the individual Commodity
Groups (Commodity Group Manager) as specified in the Appendices. Individuals
will be assigned as commodity leaders to manage Enron,s aggregate position
across the company as determined necessary by the Chief Risk Officer..."
VI. Policy Amendment Authority
B. Cross-Commodity Position Authorization. If in the ordinary course of its
business an Enron Business Unit or trading desk incurs an exposure to an
underlying commodity or financial instrument for which it does not have
explicit authority to carry, this exposure should be hedged internally with
the appropriate Enron desk(s), with appropriate notification to the Chief
Risk Officer or his designee(s). Hedge positions should be in instruments
that have an observable correlation with the underlying exposure, and should
be rebalanced regularly to substantially neutralize the underlying exposure.
Upon notification to the Chief Risk Officer or his designee(s), the Enron
Business Unit Office of the Chairman who has authority for that commodity
group may authorize a specific trader in a different commodity group to take
speculative positions with other Enron trading desks in commodities and/or
financial instruments other than those which that trader has explicit
authority to trade (i.e. the Business Unit Office of the Chairman for North
American Natural Gas may authorize a trader in the Coal group to trade gas
with the North American Natural Gas desk). For limit monitoring purposes
of Enron,s consolidated trading results, these cross-commodity positions
shall be captured by individual commodity to facilitate aggregation and
reporting of Enron,s consolidated exposure by commodity in the Daily Position
Report (Coal desk,s gas position will be aggregated with the North American
Natural Gas commodity group.)
If you have any questions, feel free to call Bjorn Hagelman at x57984, me at
x30429, or David Port at x39823.
Regards,
Cassandra Schultz. |
Mary,
Thanks. It is good news to hear that we overpaid based on the index price for at least one month, because it tends to show that we truly were mistaken and were not gaming Adkins on this deal. I probably do need a copy of the Supplier Reference Book that you prepared. If you would have kept information pertaining to this review anywhere (electronically or hard-copy), please let me know. By copy of this, I am asking my legal assistant, Becky Zikes, to follow up with you on this and get copies of all the information in your possession.
Britt
P.S. to Wade: I need to meet with you anyway regarding your review of your notes that you were going to perform. I would also greatly appreciate your supplying me with copies of whatever business documents we sent to Adkins after the date of the confirm on March 6. I need to be able to put it in chronological order to fully understand it. Again, I will have Becky Zikes follow up with you on a meeting where we can review all this documentation. Becky, it would be better for me for the meeting to take place in the second half of next week (and I would like you to attend).
P.S. to Ron Nolte: Ron, could I ask you to liaise with Mary and see if there is any way to retrieve the correspondence regarding her internal review that she says was lost when we moved to Outlook? Please let me know if you need any further information from me on this.
-----Original Message-----
From: Franklin, Mary Theresa
Sent: Tuesday, October 16, 2001 6:35 PM
To: Davis, Britt
Cc: Nolte, Ron; Dickson, Stacy E.; Sanders, Richard B.; Singer, John; Price, Wade R.; Nolte, Ron; Wallumrod, Ellen; Sever, Stephanie; Smith, George F.
Subject: RE: ENA v. Adkins
Wade Price should be able help you out on item #1.
I never was really assigned to "audit" the Appalachian suppliers. I was midway through another Appalachian project , when I realized that there were several transport and purchase related issues. So, I began compiling a Supplier Reference Book to get a better picture of supplier's activity. I used this book to verify price change request. I also used it to identify several incorrect requests for pricing adjustments and errors in Settlements' calc-sheets. My concern for additional purchase errors led me to the review most of the Appalachian purchase deals. It was during one of these activities that I identified the Adkin's payment errors. I'm sorry, but I don't have any documented "audit" findings. Any correspondence I did have was lost in the conversion to Outlook. I do still maintain my Supplier Reference Book, but I don't think it would be much help. However, I did review the CGAS IF pricing the for the year prior to the deal. Only one month during that time was the index price higher than the contracted $3.075. In fact they were considerably lower. Also, I've reviewed the settlement statements, it appears we paid Mr. Adkins for three months before the error was caught. The first month was paid at index (index was $0.06 lower than the contract price), the next month was paid at index ( index was $0.22 higher than contract price) and the third month was corrected to the $3.075 ( index was $4.53). I think this correction made in Oct-00, is when he first realized there was an issue. I hope this helps you, Terry 3-7675.
-----Original Message-----
From: Davis, Britt
Sent: Tuesday, October 16, 2001 10:29 AM
To: Dickson, Stacy E.
Cc: Sanders, Richard B.; Singer, John; Price, Wade R.; Nolte, Ron; Wallumrod, Ellen; Franklin, Mary Theresa; Sever, Stephanie
Subject: ENA v. Adkins
Stacy,
This will confirm our telephone conference with Mike Farrell, Franklin Adkins' attorney, today. Based on my recommendation, you and I followed up with him today to see if Adkins still wanted to pursue his claim, despite our response to him.
Farrell told us that although his client had not yet received his written legal analysis, Adkins does not want to drop the claim. Farrell told you and me that he thought the "mere sending of your confirm" did not overweigh the months that ENA paid Adkins under the index price, which established in Farrell's view a course of dealing between the parties that made the index price the correct price. During this short telephone conference, Farrell never said whether his client had received the confirmation. Of course, our position is that whether Adkins' telefax machine printed out the confirmation is irrelevant; we have the evidence necessary to show that we sent it.
Farrell told us that he expected to send us a response next week, continuing his demand for arbitration. He did not say whether there would be any settlement offer in the letter. I will advise you as soon as I receive Farrell's letter.
I would be very pleased to arbitrate this for you as your trial counsel. I believe that Farrell is correct in stating that there are sufficient facts to create a course of performance issue, on which arbitrators could rule in favor of Adkins. However, I believe that we have a persuasive argument that ENA paid the incorrect price only as a result of a clerical error. In order to support this argument, we also need to develop the following:
1. Did Franklin Adkins do or not do anything as the result of receipt of payment of the index price for a period of time that disadvantaged him? The timing of when Adkins first realized he was being paid the index price may be critical. I need to speak to the right person about how we would have made payment and what business documents were sent to Adkins after the confirm was telefaxed, and get copies of all those documents. Could someone tell me who that would be?
2. Did ENA correct the price before or after the spot market price rose above the contract price? (You had kindly agreed to do the homework on this). Also, I need Mary to advise me when she was instructed to perform the internal audit, why and by whom, and get copies from her of all her file material on that audit.
I greatly appreciate your and everyone else's help. If anyone has any thoughts on other homework we could or need to be doing, please let me know. If anyone knows of someone else who needs to be in the loop on this, please let me know.
I will continue to keep you advised.
Britt |
Charles Schwab & Co., Inc.
Morning Market View(TM) for Thursday, June 7, 2001
as of 11:00AM EDT
Information provided by Standard & Poor's
================================================================
U.S. INDICES
(11:00a.m. EDT)
----------------------------------
Market Value Change
DJIA 11,093.40 + 23.20
Nasdaq Comp. 2,248.29 + 30.56
S&P 500 1,274.95 + 4.92
----------------------------------
NYSE Advancing Issues 1,259
NYSE Declining Issues 1,365
NYSE Trading Volume 273 mln
NASDAQ Advancing Issues 1,563
NASDAQ Declining Issues 1,479
NASDAQ Trading Volume 447 mln
==================================
U.S. TREASURIES
----------------------------------
Value Yield Change
1-year bill 3.54% n/a
5-year note 4.82% - 1/32
10-year note 5.28% - 7/32
30-year bond 5.68% - 14/32
The tables above look best when viewed in a fixed-width font,
such as "Courier."
================================================================
U.S. TRADING SUMMARY
Stocks began the session in negative territory after last night's
sales warning from Broadcom stoked earnings fears. Not
surprisingly, stocks came under a mild bout of selling pressure.
However, the NASDAQ was able to overcome it and has moved back
into the green by 1.4%. Trading remains cautious but optimistic
as Intel is slated to give a financial report on its business
conditions later today. The Dow is being held back by losses in
Philip Morris, shares of which have been hammered after a jury
awarded damages in the latest anti-tobacco lawsuit.
----------------------------------------------------------------
JAPAN / EUROPE SUMMARY
European markets are mixed, but have improved along with U.S.
stocks. There has been much for European stock traders to think
about today, as British citizens went to the polls while the
European Central Bank met to decide the path of interest rates.
The ECB decided to leave rates unchanged at 4.5% even though
economic data showed growth is slowing within the region. While
it was widely expected, the lack of action did leave a somewhat
sour taste in traders' mouths. The French CAC-40 has rolled over
for a 0.7% loss on the session while the German Dax slipped 0.1%
from yesterday's close. The London FTSE has managed to pull out
of negative territory to post a 0.4% gain. Elsewhere, Japanese
shares got off to a bad start but were able to reverse course and
end higher on the session. The Nikkei-225 stopped a two-day
losing streak and closed higher by 0.8%. The broader Topix gained
0.3%. Yet, bank shares were again hit with a wave of selling
pressure as tension mounted over problem loan portfolios.
----------------------------------------------------------------
CURRENCY SUMMARY
The European Central Bank kept interest rates steady following
its meeting today. This was what the market expected and had
little effect on the European currency. Indeed, the common
currency remains little changed versus overnight levels at around
0.849 dollars. The dollar is holding around the 120 yen level
after a somewhat mixed dose of data and a move higher in Japanese
stocks provided some support for the dollar.
----------------------------------------------------------------
MAJOR COMPANY / INDUSTRY NEWS
(All prices as of 11:05 a.m. EDT)
** Broadcom (BRCM: 38.50, + 2.93), the broadband communications
chip maker, warned investors that it will face a downturn in
fiscal second-quarter sales as continued weakness in the tech
sector reduces its bottom line. Additionally, the company stated
that it will cut its work force. Broadcom now expects sales to
drop between 32% and 35% from first-quarter figures. The company
had previously stated that revenues would drop 20% to 23%.
However, on a positive note, Broadcom does see signs that
business may be stabilizing within its sector.
** Wells Fargo & Co. (WFC: 46.58, - 1.26), the nation's
fourth-largest bank, announced that it will take a $1.13 billion
charge to fiscal second-quarter earnings. The losses were
concentrated in Wells Fargo's venture capital portfolio and came
about due to losing positions in technology investments. Indeed,
the San Francisco-based bank stated that $1.05 billion of the
losses came from public and privately held companies in the
technology and telecommunications sectors.
** Philip Morris (MO: 47.06, - 2.94) was hit with an order to pay
a 56-year-old man with lung cancer $3 billion after a Los Angeles
jury found the company liable for not warning the man of the
health risks of smoking. The verdict was reached late Wednesday
after nine days of deliberations. Philip Morris will appeal the
verdict and many expect the $3 billion punitive damage award to
be reduced.
----------------------------------------------------------------
ECONOMIC NEWS
** Weekly initial jobless claims rose to 432K, up from the
previous week's 419K and greater than the S&P MMS consensus
estimate of 415K.
** Wholesale inventories in April climbed 0.3%, a greater
increase than the previous boost of 0.1%. A consensus estimate
was not collected by S&P MMS.
** Wholesale sales in April rose 0.3%, compared to the previous
decline of 1.5%. A consensus estimate was not collected by S&P
MMS.
** FRIDAY - No data.
################################################################
Log in using the links below to:
Access your account:
https://investing.schwab.com/trading/start?SANC=CCBodyi&NeedCASelValue=Y
View your Email Alert customization options:
https://investing.schwab.com/trading/start?SANC=EAMyAlerts
Perform research or request a market quote:
https://investing.schwab.com/trading/start?SANC=Quotes
Place a trade order:
https://investing.schwab.com/trading/start?SANC=TradeStock
To visit Schwab's home page, use this link:
http://www.schwab.com/
-----------------------------------------------------------------
To unsubscribe or modify your Email Alert customization options,
log in using the link below or copy and paste it into your
browser's address window:
https://investing.schwab.com/trading/start?SANC=EAMyAlerts
Now you can receive graphics Email Alerts in HTML format,
using helpful, full-color graphics and active Web links that
connect you directly to information you want. Use the link
below to log in and change your email format preference:
https://investing.schwab.com/trading/start?SANC=EAEditEmailAddr
----------------------------------------------------------------
Notice: All email sent to or from the Charles Schwab corporate
email system may be retained, monitored and/or reviewed
by Schwab personnel. (1000-8752)
Copyright 2001 Standard & Poor's MMS Inc. All rights reserved.
Standard & Poor's MMS services are for personal use only.
Commercial use or redistribution in any form, print or
electronic, is prohibited.
Distribution by Quris, Inc. |
Scott
Have you had any further news from Mr. Quine following your letter of August
22?
If not, we should go ahead with the arbitration proceeding in the US first.
By copy, I will ask Paul Goddard to provide you with any further info. direct
Thanks.
Justin
Enron Capital & Trade Resources Corp.
From: "Brown, W. Scott" <[email protected]>
29/08/2000 23:00
To: "Justin Boyd (E-mail)" <[email protected]>
cc: "Felipe Foy (E-mail)" <[email protected]>, "Mark E. Holsworth
(E-mail)" <[email protected]>
Subject: FW: enron.metals.com
Sorry, here are the attachments.
-----Original Message-----
From: Brown, W. Scott
Sent: Tuesday, August 29, 2000 4:50 PM
To: Justin Boyd (E-mail)
Cc: Felipe Foy (E-mail); Mark E. Holsworth (E-mail)
Subject: FW: enron.metals.com
Justin,
To update you on the enronmetals domain name matter, attached please find a
copy of a fax I received from Peter Quine and my responsive e-mail to him.
Since Mr. Quine has not responded back to me, we will proceed with the
arbitration proceeding. In that regard, could you please provide with me a
brief summary of the relevant facts so that we may prepare the necessary
arbitration pleadings.
thanks,
scott
-----Original Message-----
From: Brown, W. Scott
Sent: Sunday, August 06, 2000 10:19 PM
To: '[email protected]'
Cc: Mark E. Holsworth (E-mail); Felipe Foy (E-mail)
Subject: RE: enron.metals.com
Justin,
I sent a cease and desist letter to Mr. Peter Quine when I first heard of
this matter. He was given until last Friday to respond to me regarding the
matter. I have not heard from him and the next step is to initiate an
arbitration proceeding in the US as to the enronmetals.com domain name.
This procedure is relatively inexpensive and swift, in that we should expect
a ruling within 60 days of filing. To help me establish the needed showing
of bad faith on the part of Mr. Quine, could you please send me an e-mail
with all the relevants facts regarding the cybersquatting of the domain
name. Unfortunately, there is not a similar proceeding available for the
enronmetals.com.uk domain name. That domain name will involve a legal
proceeding in the UK, and I believe it could be quite lengthy. My initial
thought was to proceed with the arbitration proceeding in the US first, and
then deal with .com.uk domain name laterm if necessary.
Please let me know if you wish for me to proceed in a different manner.
scott
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, August 06, 2000 6:02 AM
To: [email protected]
Subject: Re: enron.metals.com
scott - if you could keep me posted as to progress on an ongonig basis
thanks
justin
---------------------- Forwarded by Justin Boyd/LON/ECT on 06/08/2000 13:08
---------------------------
From: Mark Holsworth@ENRON on 04/08/2000 13:48 CDT
To: Justin Boyd/LON/ECT@ECT, [email protected]
cc:
Subject: Re: enron.metals.com (Document link: Database 'Justin Boyd',
View '($Inbox)')
I am copying this to Scott Brown. He is supposed to be handling this
matter.
Justin
Boyd@ECT To:
cc:
08/04/2000 Subject:
04:10 AM
Mark,
Would be grateful if you could update me and Barry as to the status of the
action taken against the individual who has registered the above as a
domain name
Thanks
Justin
- QUINE.TIF
-----
Message-ID: <543317BA1813D411A28A0050DA0DEF0B27B771@EXCHANGE_HOU>
From: "Brown, W. Scott" <[email protected]>
To: "'Peter Quine (E-mail)'" <[email protected]>
Subject: Infringement of Enron Corp.'s trade names and intellectual proper
ty
Date: Tue, 22 Aug 2000 13:32:00 -0500
X-Mailer: Internet Mail Service (5.5.2650.21)
<<...OLE_Obj...>>
ATTORNEYS AT LAW
VINSON & ELKINS L.L.P.
Writer's Phone: (713) 758-1105
E-mail: [email protected]
Writer's Fax: (713) 615-5803
Web: www.velaw.com
August 22, 2000
VIA E-MAIL
[email protected]
Mr. Peter Quine
9 Park Crescent
Brighton e.Sussex
BN23HA UK
Re: Enron Corp.
Dear Mr. Quine:
Reference is made to your letter of 7 August 2000. I appreciate
your reassurance that it was not your intention to infringe my client's
trade names and intellectual property rights. Correspondingly, let me say
that I am very aware of all the legal aspects of domain name registration,
having worked in this area for quite some time, and I can assure you that
the intentional registration of a domain name that includes the trade name
or trademark of a third party is an infringement of the rights of such third
party. There has been a great deal of litigation in the United States, and
I suspect in many other countries as well, regarding such wrongful
activities. I am confident that your independent investigations in such
matters will support my comments.
As I mentioned above, I appreciate the reassurance stated in your
letter and my initial letter was not intended to reflect upon your
reputation or integrity or method of doing business. However, my client has
authorized me to take any and all action necessary to quickly secure the
enronmetals.com and enronmetals.com.uk domain names. Consequently, please
send me a return e-mail stating whether or not you intend to promptly
transfer those domain names to Enron Corp.
Very truly yours,
/wsb/
W. Scott Brown
0803:4494
Houston:304801.1 |
I think it's probably a good idea not to contact Eric for a while. Truly what purpose would it serve? As for my work situations, they aren't that exciting but have made for some highly uncomfortable moments for me. I'll tell you about them on my next visit. See, I've already come up with a reason why I have to come back out there. Please don't worry about flapping Sat night. I certainly do not think less of you and completely agree about the life lessons part. To tell the truth, I worry at times that I'm not learning enough of the life lessons...just kind of staying in a very safe, secure place and missing out on a big part of the overall picture. Enough self-analysis. Have a good evening....you should his jazz night at Epizote just for me.
Sue
Enron Capital & Trade Resources Corp. From: Julie Gibson <[email protected]> 04/18/2001 04:15 PM
To: [email protected]
cc:
Subject: Re: Fwd: Re: Fwd: hola
how fun- i totally forgot that you're off to vegas this weekend! thanks for the input about clint- you're right, and i hadn't realized that i fit his "type" until he defined it. now i know why he's so nice to me! he does know about brendan, of course, but since i don't always behave like i have a boyfriend it's easy for guys to not take him too seriously.....not good. i'm also embarrassed that i flapped away in the car on saturday night- hope you don't think horrible things about me. although it's okay if you do- i think horrible things about myself every now and then! but i always attribute it to the lessons of life.....i'm curious about your work situations- you've never mentioned them. that is truly uncomfortable and i have not had to deal with that here.....
keep me posted on your exciting life! otherwise, i'm doing the right thing to not contact eric, right? so silly for me to ask, but i like being friends with him (probably the flirting is fun), but it's a dead end.....
At 04:00 PM 4/18/2001 -0500, you wrote:
I think there's probably a lot of truth to the Eric theory. The
retaliation/numbing afforded by using people and tossing them aside can be
tempting. My mini-rampage after Ted was totally based upon treating any
representative of Ted's sex like dirt. Fortunately, my behavior was very
short-lived and I completely recognized what I was doing. I wouldn't worry
about the lecturing...it happens when one has a bit to drink (that or just
utter flapping as in my case).
Thanks for the compliments, but I find it's easy to be around all of your
friends...that whole like attracts like thing. As for the email from
Clint, he's a cutie. Speaking from experience I'd watch myself if I were
you though...the flirtation is fun and harmless at this point, but I get
the impression that you're just Clint's type and unless you have reciprocal
interest I would just guard against things getting to be too flirtatious.
However, if there's part of you that is curious, like I said, I think he's
a great guy. Okay, enough of my lecturing (I've just been caught in
couple of situations at work where someone decides to confess their
feelings to me and I'm forced to tell them I just don't feel the same
way...something that's hard for them to grasp given the fact that some
flirting at some point did occur).
Well, I'm off to Vegas this weekend. My guess is I won't be getting much
sleep. Oh well, life is tough.
Susan
(Embedded Enron Capital & Trade Resources Corp.
image moved
to file: From: Julie Gibson
pic30524.pcx) <[email protected]>
04/18/2001 02:31 PM
To: "[email protected]" <[email protected]>
cc:
Subject: Fwd: Re: Fwd: hola
hey susan- thought you'd appreciate this funny email from Clint in
London.... so in brief, my new theory is that eric gomez has had his heart
broken (per "Someone Like You") and therefore must act like a slut to
ignore the pain. Heather and I ran that theory past Randall last night at
the padres game.....i am slightly mortified at how i lectured eric on
saturday. at first he thought it was sweet because it demonstrated that i
do care about him (on some level), but as i drank more i LECTURE more,
until he finally started walking away from me! how embarrassing! i am
totally embarrassed that i wouldn't shut up! even more surprised that eric
sent me the email on monday. i didn't see it until tuesday since i didn't
work monday, but am bummed because i called him monday evening to get eric
ang's phone number.....silly concern, but he probably thinks i was calling
just to get in touch with him. now i will totally not make contact with
him- not even respond to his email...don't need to overinflate people's
egos!
i would love if you came back to visit at some point in the next 5 or so
months!! i love that you have so much fun here, and everyone always
comments on how cool you are and how easy you are to be around.....everyone
would be thrilled to have you back! (me especially!) i'll watch for good
fares, too!
write back whenever you can....talk to you soon-
julie
X-Sender: [email protected]
X-Mailer: QUALCOMM Windows Eudora Version 5.0
Date: Wed, 18 Apr 2001 04:41:25 -0700
To: Julie Gibson <[email protected]>
From: Clint McClellan <[email protected]>
Subject: Re: Fwd: hola
thanks! tell them that i had a great time, also. i will be back friday
afternoon. i may need to hang out at the beach to recover from the jet lag.
jeff was very curious and mentioned to a colleague in london that i had
very good company at the beach. i assured him that you were not married--
he was confused by your ring-- and so was i when i first saw you cruising
the halls. he thought we must be dating but i straighted him out. told him
that you were all over me at the beach after he left (just kidding!)
so are you taking friday off?
At 10:54 AM 4/17/2001 -0700, you wrote:
HI Clint-
Wanted you to read this thank you from Eric- they have told me repeatedly
over the phone what a great time they had meeting you and hanging out. I
think Heather and I are trying to get people together to hang out this
Friday on the beach, potentially....when do you return from London? have
you gotten hell regarding the beach encounter on saturday?
I had such a blast this weekend- thanks again for letting us invade your
home! next time we will not destroy your place- we'll keep it confined the
beach!
see you when you get back-
julie
From: "Eric Gomez" <[email protected]>
To: "Julie Gibson" <[email protected]>
Subject: hola
Date: Mon, 16 Apr 2001 11:09:42 -0700
X-Mailer: Microsoft Outlook 8.5, Build 4.71.2173.0
Importance: Normal
Julie,
Thanks for letting us hang out with you on the beach Sat. It was good to
see you. All your friends are very cool. Say thanks to Clint for me if
you
get the chance. We didn't last much longer that night, thank goodness.
I hope you had a nice Easter. Other than the Lakers beating the Blazers it
was a pretty boring day. Not to mention I was brain dead from the pickling
the two days before.
Have a good week.
Eric |
-----Original Message-----
From: Fairchild, Tracy [mailto:[email protected]]
Sent: Monday, October 22, 2001 9:27 AM
To: '[email protected]'; '[email protected]';
'[email protected]'
Cc: Allen, Stevan; Manuel, Erica
Subject: 10/20 SDUT: Small users might face $8 billion power bill
AReMers:
Here's the San Diego Union Story that ran on Saturday 10/20. It includes
only part of my quote. What I said in total, when asked to response from
AReM's perspective on Angelides' comments that DA would shift $8B over time
to other ratepayers was:
"Direct access is still a small part of California's energy market.
However, direct access is being held up as the scapegoat when one of the
biggest problems we have right now is $43 billion in contracts that
effectively hold California ratepayers hostage to the utilities for decades,
if not renegotiated."
Small users might face $8 billion power bill
Direct-access loophole used by big customers
By Craig D. Rose
STAFF WRITER
October 20, 2001
A legal loophole exploited by large electricity customers could leave mostly
smaller customers shouldering $8 billion more in electricity costs than they
should, the state treasurer disclosed yesterday.
The loophole opened over the summer when it became clear that large
customers could get lower electricity prices and might avoid the billions in
state costs from the electricity crisis by entering into so-called
direct-access relationships with alternative electricity suppliers.
Under direct-access deals, customers bypass their local utility as a source
of electricity and turn instead to an outside provider. The California
Public Utilities Commission barred direct access in late September. In a
letter yesterday, State Treasurer Philip Angelides chided the utilities
commission for failing to close the loophole sooner and urged commissioners
to retroactively cancel direct-access deals dating to July 1.
Angelides said the "direct-access stampede, which occurred as the PUC failed
to act," could cost utility customers $800 million through 2002, and more
than $8.2 billion while the state is financing power costs.
Commission President Loretta Lynch said the PUC delayed dealing with direct
access on the advice of the governor, Angelides and the Legislature. She
added that the commission is considering retroactive cancellation of
direct-access deals.
Other state officials, meanwhile, offered few clues yesterday as to how they
plan to seek changes to some of the long-term contracts that cover $43
billion in state power purchases. Gov. Gray Davis indicated Thursday that he
might seek to renegotiate some contract terms.
In a teleconference yesterday, advisers to the governor said discussing
their strategy might compromise their bargaining position. Barry Goode,
Davis' legal secretary, said the state is not pursuing changes for all the
long-term contracts -- there are more than 50 -- and he defended the
contracts as "very valuable and an asset to the state."
A growing number of critics says the contracts bind the state to expensive
and in some case unnecessary electricity purchases. Industrial and large
commercial customers, meanwhile, scrambled over the summer to avoid those
state costs by signing direct-access deals.
From July until Sept. 20, when the PUC barred the deals, large customers
boosted the amount of power they bought via direct access from 2 percent to
13 percent.
In San Diego Gas & Electric territory, the flight was heavier. About 18
percent of electricity now purchased by large power users is done via direct
access, bypassing the utility.
At the same time, direct access has been largely unavailable to smaller
customers. In fact, providers dumped residential direct-access customers as
uneconomical during the power crisis.
Smaller customers of SDG&E, Southern California Edison and Pacific Gas and
Electric Co., meanwhile, must now bear the costs of California's long-term
power contracts and of costs incurred earlier this year to deal with the
crisis.
The impact of direct access was underscored in an additional way by state
officials yesterday. Advisers to the governor explained that estimates of
state power purchase obligations for 2001 and 2002 have fallen by about 20
percent, from $21.4 billion down to $17.2 billion.
But the retail cost of state-purchased electricity will fall only 5.5
percent for the overwhelming majority of utility customers statewide. That's
because fewer customers remain to pay the costs, according to the state
Department of Water Resources, which is responsible for California's power
purchases.
The Alliance for Retail Energy Markets, an electricity supplier group,
reiterated yesterday that it will sue the utilities commission if it moves
to retroactively cancel direct access. Tracy Fairchild, a spokeswoman for
the group, said direct access was not the cause of high power prices for the
state.
"One of the biggest problems we have right now is $43 billion in contracts
that effectively hold California ratepayers hostage to the utilities for
decades, if not renegotiated," Fairchild said.
In a separate matter, the utilities commission said yesterday it will not
schedule additional hearings to deal with a second plan for resolving the
$747 million debt that SDG&E says it is owed by its customers.
Commission President Loretta Lynch indicated last week that hearings might
be held in San Diego. Lynch said yesterday she erred in suggesting the
hearings without first consulting with Commissioner Carl Wood, who is
assigned to oversee the SDG&E proceedings.
Consumer and environmental groups filed the second plan as an alternative to
a proposal presented by SDG&E and the governor for dealing with the debt.
Consumer groups say their plan would require at least $185 million more from
the utility to pay down the debt and would thereby save consumers at least
that much money.
State officials also said yesterday that the governor and state Legislature
remain at loggerheads over a bill by Senate President Pro Tempore John
Burton, D-San Francisco, that would separate a $12.5 billion bond offering
from the power contracts. The bill was approved by the Legislature in
special session.
Davis' press secretary, Steve Maviglio, said again yesterday that the
governor will veto the bill, which has not yet been sent to him. The Davis
administration says the bill would trigger lawsuits from electricity
suppliers who hold contracts with the state.
Staff writer Ed Mendel and the Associated Press contributed to this report.
Craig Rose's e-mail address is [email protected]. His phone number is
(619) 293-1814. |
Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
[email protected]
----- Forwarded by Carol St Clair/HOU/ECT on 10/30/00 02:29 PM -----
Robert Eickenroht@ENRON
Sent by: Andrew Wu@ENRON
10/25/00 06:47 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],
[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], [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], [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], [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],
[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], [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],
[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], [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], [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], Edwin
Essandoh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David L
Roland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gerry
Willis/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard DiMichele/Enron
Communications@Enron Communications, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carmen
Pokluda/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard Freed/HOU/EES@EES,
Laurel S Gleason/EFS/EES@EES, Sandi M Braband/HOU/ECT@ECT, Chris
Gaffney/HOU/ECT@ECT, Matthias Lee/SIN/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Michael Schuh/FRA/ECT@ECT, Jack Harmuth/Corp/Enron@Enron, Ray
Alvarez/TRANSREDES@TRANSREDES, Raul Baldivia/TRANSREDES@TRANSREDES, Fernando
Gonzalez/TRANSREDES@TRANSREDES, Juan Pablo Sanchez/TRANSREDES@TRANSREDES,
Cynthia Trigo/TRANSREDES@TRANSREDES
cc: Stephanie Harris/Corp/Enron@ENRON
Subject: Enron Noncompetition Agreement; Important Notice
At the request of Jim Derrick, attached is a Memorandum from Mr. Derrick to
all Enron Attorneys outlining the obligations of Enron Corp., Enron Energy
Services, LLC and their respective controlled affiliates under a
Noncompetition Agreement that was recently executed. Also attached is an
Executive Summary of the Agreement and an electronic version of the Agreement
as executed. Please also circulate this Memorandum to any attorneys in your
respective business units if they are not on this distribution.
Please note that the Noncompetition Agreement and the transactions underlying
same are highly confidential and have not been publicly announced.
Therefore, please treat same with strict confidence.
The attachments are also being distributed to the Enron Corporate Development
Group and members of the Enron Executive Committee.
Robert |
this is funny. i just wanted to send it off to you guys before i leave to
cayman. i hope the weather is good in houston for you guys this weekend. it
is supposed to be a low of 77 and high of like 87 in cayman. rough life.
---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 03/29/2001
10:12 AM ---------------------------
"Ryan Lee" <[email protected]> on 03/27/2001 05:39:29 PM
To: "Ted Leighty" <[email protected]>, "Pedar Kjesth"
<[email protected]>, <[email protected]>,
<[email protected]>, "JAKE Istnick" <[email protected]>, "David
Shaw" <[email protected]>, <[email protected]>, "Claude.Aldridge"
<[email protected]>, "Chris Tuttle" <[email protected]>,
"Brian Beggs" <[email protected]>, "Ben Abendroth" <[email protected]>,
"Bagby, Joel" <[email protected]>, "Andy Patton" <[email protected]>
cc:
Subject: Fw: What We've Learned From Watching Porn......
SO TRUE!!
?
----- Original Message -----
From: Lee, Ryan
To: '[email protected]'
Sent: Tuesday, March 27, 2001 3:55 PM
Subject: FW: What We've Learned From Watching Porn......
?
-----Original Message-----
From: Williams, Zach
Sent: Tuesday, March 27, 2001 3:39 PM
To: Lee, Ryan
Subject: FW: What We've Learned From Watching Porn......
?
?
Message-ID: <[email protected]>
From: Steve Renz <[email protected]>
To: [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected]
Subject: Fwd: What I've Learned From Watching Porn
Date: Tue, 27 Mar 2001 13:21:05 -0700
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: multipart/alternative;
boundary="----_=_NextPart_003_01C0B711.156EBDC0"
----Original Message Follows----
From: "Brett Beezley" <[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], [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: What I've Learned From Watching Porn
Date: Tue, 27 Mar 2001 13:08:16 -0600
>From: "Jacob Reimer" <[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],
>[email protected], [email protected], [email protected],
>[email protected], [email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected]
>Subject: Fwd: What I've Learned From Watching Porn
>Date: Tue, 27 Mar 2001 12:52:05 -0600
>
>
>
>
>>From: "Robert Fanelli" <[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]
>>Subject: What I've Learned From Watching Porn
>>Date: Tue, 27 Mar 2001 10:06:47 -0500
>>
>>What I've Learned From Watching Porn
>>
>>1.? Women wear high heels to bed.
>>2.? Men are never impotent.
>>3.? When going down on a woman 10 seconds is more than satisfactory.
>>4.? If a woman gets busted masturbating by a strange man, she will not
>>??? scream with embarrassment, but rather insist he have sex with her.
>>5.Women smile appreciatively when men splat them in the face with sperm.
>>6.? Women enjoy having sex with ugly, middle-aged men.
>>7.? Women moan uncontrollably when giving a blowjob.
>>8.? Women always orgasm when men do.
>>9.? A blowjob will always get a woman off a speeding ticket.
>>10. All women are noisy fucks.
>>11. People in the 70's couldn't fuck unless there was a wild guitar solo
>>??? in the background.
>>12. Those tits are real.
>>13. A common and enjoyable sexual practice for a man is to take his
>>??? half-erect penis and slap it repeatedly on a woman's butt.
>>14. Men always groan "OH YEAH!" when they cum.
>>15. If there is two of them they "high five" each other.(and the girl
>>??? isn't disgusted!)
>>16. Double penetration makes women smile.
>>17. Asian men don't exist.
>>18. If you come across a guy and his girlfriend having sex in the
>>??? bushes, the boyfriend won't bash seven shades of shit out of you
>>??? if you shove your cock in his girlfriend's mouth.
>>19. There's a plot.
>>20. When taking a woman from behind, a man can really excite a woman by
>>??? giving her a gentle slap on the butt.
>>21. Nurses suck patient's cocks.
>>22. Men always pull out.
>>23. When your girlfriend busts you getting head from her best friend,
>>??? she'll only be momentarily pissed off before fucking the both of
>>??? you.
>>24. Women never have headaches... or periods.
>>25. When a woman is sucking a man's cock, it's important for him to
>>??? remind her to "suck it".
>>26. Assholes are clean.
>>27. A man ejaculating on a woman's butt is a satisfying result for all
>>??? parties concerned.
>>28. Women always look pleasantly surprised when they open a man's
>>??? trousers and find a cock there.
>>29. Men don't have to beg.
>>30. When standing during a blowjob, a man will always place one hand
>>??? firmly on the back of the kneeling woman's head and the other
>>??? proudly on his hip
>>
>>
>
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com |
NETWORK WORLD FUSION FOCUS: PHIL HOCHMUTH
on LINUX
12/11/00 - Today's focus: Network management goes open source
Dear Wincenty
Kaminski,
In this issue:
* An open source contender to management platforms
* Experts Exchange
* IT Job Spot(tm): Exclusive opportunities with hot companies.
CHECK THESE OUT! Network World is now offering EIGHT NEW FREE
newsletters. Get the latest on available IT jobs, management
strategies and how to best optimize your web site. Sign up
today at: http://nww1.com/go/foc69.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Today's focus: Network management goes open source
---------------------------------------------
By Phil Hochmuth
A beta version of Open Network Management Software's Bluebird
management tool last week was released to the open source
community for testing in network environments.
Bluebird's creators intend the software to be an open-source
alternative to large network management platforms, such as
Tivoli, HP's OpenView and Aprisma's Spectrum. Bluebird uses
standards-based technologies - including Java in the core
application engine and XML in the reporting and interface
modules - which make applications less bulky and more
customizable than proprietary network management platforms,
OpenNMS developers claim. Also, as with all open-source
programs, the source code is freely available, allowing users
to modify and customize the software even further.
Bluebird runs with PostgreSQL 7.0, a freely available SQL
database popular with open-source software users. Bluebird is
also compatible with the Oracle8i database.
Bluebird 0.4 is based on SNMP, and is designed to manage small
networks of up to 500 networked devices. The software requires
no "agents," or monitoring software, to run on the devices it
monitors. This could help to make the deployment and
maintenance of the system easier than agent-based management
products.
The Bluebird software performs an array of management tasks,
such as discovering TCP/IP devices in a network, device
filtering, and service-level monitoring for enforcing service-
level agreements from a service provider. Reporting tools allow
users to make charts and reports about their network's
performance over a period of time. The software includes a
Java2 real-time reporting console that gives users a live view
of events and traffic patterns in a network.
A calendar function is included, which can be used to schedule
network tasks, such as system backups and automated software
upgrades.
OpenNMS software is based on Java2, so it can run on an array
of platforms, including Linux, Windows NT/2000 and Sun Solaris.
OpenNMS expects Version 1.0 of Bluebird to be released in the
first quarter of 2001. The production version of the software
will have a distributed architecture, where multiple Bluebird
servers are deployed and tasks are divvied up among distributed
machines. Version 1.0 will also support networks with thousands
of TCP/IP nodes.
To contact Phil Hochmuth:
-------------------------
Phil Hochmuth is a writer and researcher for Network World, and
a former systems integrator. You can reach him at
mailto:[email protected].
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FOR RELATED LINKS -- Click here for Network World's home page:
http://www.nwfusion.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Got a technical question related to new technology on your
corporate network? Post it at Experts Exchange on Fusion at
http://nwfusion.experts-exchange.com/. Another network
professional may have the solution to your problem.
Download the Bluebird software and source code:
http://www.opennms.org/files/dev_snapshot/
Also, download PostgreSQL database software:
ftp://ftp.postgresql.org/
Learn more about the OpenNMS project's predecessor, Neo:
http://sourceforge.net/projects/neo/
Find out about Linux network management tools from other
vendors:
http://www.caldera.com/volution/
***************************************************************
IT Job Spot(tm) presented by http://www.ITcareers.com
With LeadersOnline, your LINUX career advancement is in the
hands of recruiting professionals...not monsters. We bring
exclusive opportunities to you through our convenient web-based
search process. LeadersOnline finds high-quality, $75K-$200K
LINUX and IT positions meeting your specific requirements.
Developed by Heidrick & Struggles, the world's leading
executive search firm, LeadersOnline matches top LINUX
professionals with clients needing emerging leaders in
mission-criticalpositions. Invest 10 minutes to register
with LeadersOnline today. It's free and confidential. We'll
do the rest. http://ad.doubleclick.net/clk;2149157;4831248;k
***************************************************************
Breaking Linux news from Network World and around the 'Net,
updated daily: http://www.nwfusion.com/topics/linux.html
Archive of the Linux newsletter:
http://www.nwfusion.com/newsletters/linux/index.html
May We Send You a Free Print Subscription?
You've got the technology snapshot of your choice delivered
at your fingertips each day. Now, extend your knowledge by
receiving 51 FREE issues to our print publication. Apply
today at http://www.nwwsubscribe.com/nl
*********************************************************
Subscription Services
To subscribe or unsubscribe to any Network World e-mail
newsletters, go to:
http://www.nwwsubscribe.com/news/scripts/notprinteditnews.asp
To change your email address, go to:
http://www.nwwsubscribe.com/news/scripts/changeemail.asp
Subscription questions? Contact Customer Service by replying to
this message.
Other Questions/Comments
Have editorial comments? Write Jeff Caruso, Newsletter Editor,
at: mailto:[email protected]
For advertising information, write Jamie Kalbach, Account
Executive, at: mailto:[email protected]
Network World Fusion is part of IDG.net, the IDG Online
Network. IT All Starts Here:
http://www.idg.com
Copyright Network World, Inc., 2000 |
seeing no increase in physical demand from industrials. however, they cant
buy enough paper. energy customer deal flow has a conspicuous habit of
buying high and selling low. seeing virtually no producer selling. strip
will continue to be well supported through early spring. last year customers
sold all the way up, transferring their price risk to marketers and specs.
market for most part was very orderly move up during the summer. volatility
was in the pukes because everybody was long. now, customers are all buying.
move down should be orderly as is met with a lot of short covering from trade
and volatility should come from short covering moves like today's.
market waiting to see those first two injection numbers. if we are beating
last year by 20 bcf, lights out. move down may also scare producers to do
some term selling, putting pressure on whole curve.
[email protected] on 03/20/2001 03:21:41 PM
To: [email protected]
cc:
Subject: Re: SCS Daily Volatility Report as of 3/19/01
maybe yur rite but 47% for sep still over valued. ive ve been buying deep
otm
(jun and july 4.00 strikeputs as well. collpse in oil curve gives me a little
more confidence eventually we follow.but agree its a little early.i say we
draw
this week 30 ish, lhand next week a small draw then builds-and if im rite shud
be substantial from there. i was long twice near 5 bucks but saw no rally so i
sold for nothing-shit-no patience
any indication industrial demand on the rise from the cxustomer side?
certainly numbers /withdrawels suggest not.. the weather has been lousy for
the
shotrs-cudnt be more construcictve-cold east hot west-terrific. but while the
ranks are bullis/concerned over californication-those fukkers are outta gas
and
power anyway shud be more of an east west issue than anything-they conitue
ultimate px/economy destruction-in a way bearish.
think mite be worth going long straddles in a week or so
regards
[email protected] on 03/20/2001 04:06:55 PM
To: Steve LaFontaine/GlobalCo@GlobalCo
cc:
Fax to:
Subject: Re: SCS Daily Volatility Report as of 3/19/01
heffner how?
was pretty long coming into today just playing the range. sold everything
on the way up. will be s scale up seller probably through options.
certainly a short squeeze in trade today and i don;t think anything changes
tomorrow except maybe trade gets more confident in the short at the higher
level and if cash rejects higher prices.
will be buying lots of puts on the way up so i guess for me vol is not too
high. i was short vol and covered it all this morn. think we could be in
for some turbulence here
[email protected] on 03/20/2001 10:48:43 AM
To: [email protected]
cc:
Subject: SCS Daily Volatility Report as of 3/19/01
vol seems rich here for ngas no/ what do we do here with flat price? how
was
cabo?
---------------------- Forwarded by Steve LaFontaine/GlobalCo on 03/20/2001
11:48 AM ---------------------------
[email protected] on 03/20/2001 08:18:54 AM
To: [email protected]
cc: (bcc: Steve LaFontaine/GlobalCo)
Fax to:
Subject: SCS Daily Volatility Report as of 3/19/01
The attached report will be downloaded into microsoft word.
Have a nice day.
Regards,
SCS
S.C.S. Straddle Report for CL as of 3/19/2001
Option Future
Month Strike Set Vol Set
OTMP 2200 1 159.2
STD APR01 2650 40 50.0 2674
OTMC 2700 10 55.5
OTMP 2500 45 39.5
STD MAY01 2700 228 37.2 2692
OTMC 2900 43 37.4
OTMP 2450 66 38.9
STD JUN01 2700 315 36.4 2699
OTMC 3000 57 36.2
OTMP 2450 87 36.9
STD JUL01 2700 370 35.3 2698
OTMC 3100 63 36.1
OTMP 2400 99 36.6
STD AUG01 2700 423 34.9 2683
OTMC 3150 72 35.6
OTMP 2350 108 36.7
STD SEP01 2650 458 34.4 2664
OTMC 3200 75 35.0
OTMP 2300 116 36.7
STD OCT01 2600 488 33.8 2642
OTMC 3200 83 34.2
OTMP 2300 131 36.0
STD NOV01 2600 512 33.7 2620
OTMC 3200 90 34.2
OTMP 2250 131 35.3
STD DEC01 2600 527 32.6 2597
OTMC 3200 94 33.3
OTMP 2200 130 34.9
STD JAN02 2600 570 33.5 2574
OTMC 3000 139 32.9
OTMP 2200 140 33.7
STD FEB02 2550 535 30.3 2551
OTMP 2100 148 31.5
STD JUN02 2450 560 28.6 2456
OTMC 3300 84 30.4
OTMP 2000 163 28.7
STD DEC02 2350 612 27.9 2328
OTMC 3000 115 27.4
OTMP 1900 174 25.1
STD DEC03 2250 628 24.9 2198
S.C.S. Straddle Report for HO as of 3/19/2001
Option Future
Month Strike Set Vol Set
STD APR01 7000 368 41.8 7038
OTMC 7400 80 47.4
STD MAY01 7000 645 35.9 6885
OTMC 7500 128 38.4
STD JUN01 7000 816 34.2 6870
OTMC 7700 134 34.2
OTMP 6800 425 33.9
STD JUL01 6900 988 34.1 6910
OTMC 8000 188 37.4
OTMP 6800 462 33.6
STD AUG01 7000 1105 33.9 6965
OTMC 8200 209 36.4
OTMP 6600 409 33.9
STD SEP01 7000 1236 33.9 7040
OTMC 8900 184 37.8
OTMP 6600 431 33.9
STD OCT01 7100 1348 33.9 7110
OTMC 8800 251 37.3
S.C.S. Straddle Report for HU as of 3/19/2001
Option Future
Month Strike Set Vol Set
OTMP 8400 97 42.6
STD APR01 8700 467 42.7 8743
OTMC 9200 84 44.3
S.C.S. Straddle Report for NG as of 3/19/2001
Option Future
Month Strike Set Vol Set
OTMP 4750 46 47.8
STD APR01 5000 305 48.4 5035
OTMC 5250 76 50.1
OTMP 4600 122 48.1
STD MAY01 5050 612 47.0 5062
OTMC 5750 95 47.9
OTMP 4550 178 47.5
STD JUN01 5100 802 46.3 5092
OTMC 5950 147 48.0
OTMP 4500 219 47.2
STD JUL01 5150 990 47.4 5132
OTMC 6200 192 49.3
OTMP 4450 241 46.1
STD AUG01 5150 1118 46.7 5152
OTMC 6500 195 48.6
OTMP 4400 291 47.1
STD SEP01 5150 1267 47.7 5132
OTMC 6500 256 49.4
OTMP 4250 281 47.5
STD OCT01 5150 1393 48.7 5137
OTMC 6000 434 50.7
OTMP 4500 379 47.1
STD NOV01 5250 1470 48.2 5257
OTMC 7500 284 54.4
OTMP 4500 388 47.0
STD DEC01 5450 1661 48.4 5377
OTMC 6750 451 50.8
STD SEP02 2700 2003 42.2 4519
STD DEC02 2950 2131 44.4 4730
OTMP 2700 141 37.6
STD MAR03 2750 1928 37.6 4459
OTMC 4750 410 48.2
: |
If you would like to see the newsletter in an easy-to-view, full color
html format, click here:
http://www.cooking.com/bin/a.asp?a=nwsl1882ad&s=b00133302t2&[email protected]
BEST COOKWARE, BEST GIFTS!
For the aspiring chef on your list, our collection of cookware includes
the finest brands at fantastic prices! Now is the best time to buy with a
savings of 10% Off*
Cookware, a $25 Cooking.com Gift Certificate when you buy All-Clad, and
several Gift With Purchase promotions! And to wrap things up, choose from
our
selection of gift-wrap - a choice of 3 colors!
10% OFF COOKWARE
Save 10% on every cookware item. Use Coupon Code C88973 at checkout. Valid
until 12/02/01.
* Excludes All-Clad and Emerilware. Cannot be used with other coupon
offers or previous purchases.
SPECIALTY COOKWARE
Stovetop Smoker - $39.95
For the outdoor cook, this cooker lets you smoke meats, seafood and
vegetables inside!
http://www.cooking.com/bin/a.asp?a=nwsl1882b&s=b00133302t2
Pressure Cooker - $99.95
Make casseroles, desserts & more. Great for busy cooks! Get a bonus
Cookbook ($19.95 value), too!
http://www.cooking.com/bin/a.asp?a=nwsl1882c&s=b00133302t2
Egg Poacher - $39.95
A versatile pan for the practical chef. Poach eggs, warm soups, saute
vegetables.
http://www.cooking.com/bin/a.asp?a=nwsl1882d&s=b00133302t2
Fondue Set - $49.95
Know someone who likes to entertain? This set includes a fondue pot, 6
forks and stand.
http://www.cooking.com/bin/a.asp?a=nwsl1882e&s=b00133302t2
Whirley Pop - $24.95
Families with kids will love it! Turn the crank for a light and fluffy
movie-time snack!
http://www.cooking.com/bin/a.asp?a=nwsl1882f&s=b00133302t2
Double Boiler - $39.95
Bakers will enjoy using this for melting chocolate. Use it for a
Hollandaise Sauce, too.
http://www.cooking.com/bin/a.asp?a=nwsl1882g&s=b00133302t2
Hollandaise Sauce
http://www.cooking.com/bin/a.asp?a=nwsl1882h&s=b00133302t2
That's not all - view our assortment of Specialty Cookware
http://www.cooking.com/bin/a.asp?a=nwsl1882i&s=b00133302t2
Shop for more deals at our Cookware Department
http://www.cooking.com/bin/a.asp?a=nwsl1882af&s=b00133302t2
CALPHALON COOKWARE
10-pc. Cookware Set - Special $499.95 (Reg $776.00)
A set that appeals to health-conscious cooks who want less fat in their
cooking. The multi-layer nonstick surface makes cooking a breeze. Order
and receive a
Bonus Gift: a Sauce Pot ($109 value)!
http://www.cooking.com/bin/a.asp?a=nwsl1882j&s=b00133302t2
Grill Pan with Skewers - Special $49.99 (Reg $89.95)
Grill indoors with this versatile pan. With the four skewers, you can make
Swordfish Kebabs.
http://www.cooking.com/bin/a.asp?a=nwsl1882k&s=b00133302t2
Swordfish Kebabs
http://www.cooking.com/bin/a.asp?a=nwsl1882ac&s=b00133302t2
View our complete Calphalon Cookware Collection - Receive a Free Stockpot
with a $200 purchase.
http://www.cooking.com/bin/a.asp?a=nwsl1882l&s=b00133302t2
Choose from these Open Stock Items:
Chef's Pans
http://www.cooking.com/bin/a.asp?a=nwsl1882m&s=b00133302t2
Griddles and Grill Pans
http://www.cooking.com/bin/a.asp?a=nwsl1882n&s=b00133302t2
Omelette &and Frying Pans
http://www.cooking.com/bin/a.asp?a=nwsl1882o&s=b00133302t2
Everyday Pans
http://www.cooking.com/bin/a.asp?a=nwsl1882p&s=b00133302t2
Woks and Stir-Fry Pans
http://www.cooking.com/bin/a.asp?a=nwsl1882q&s=b00133302t2
$25 GIFT CERTIFICATE WITH ALL-CLAD
Purchase $150 or more of All-Clad cookware and receive a $25 Gift
Certificate from Cooking.com! Click here for details.
Excludes Emerilware Cookware and cannot be applied to previous purchases.
http://www.cooking.com/bin/a.asp?a=nwsl1882s&s=b00133302t2
9-Pc. Stainless Cookware Set - Our Price $509.95 (Sug $770.00)
Elegance and performance for the serious chef. Handsome 18/10 stainless
steel designed for conventional and induction cooktops.
http://www.cooking.com/bin/a.asp?a=nwsl1882r&s=b00133302t2
View our entire All-Clad Collection
http://www.cooking.com/bin/a.asp?a=nwsl1882ab&s=b00133302t2
EMERILWARE AND DOUBLE BONUS
Receive a Free Saut? Pan and Steamer Insert ($200 total value) with the
purchase of this set from Emerilware by All-Clad!
10-pc. Nonstick Cookware Set - $399.95
Nonstick interiors and hard-anodized aluminum exteriors for even heating.
Perfectly balanced handles and deep fitting lids.
http://www.cooking.com/bin/a.asp?a=nwsl1882t&s=b00133302t2
View our complete line of Emerilware
http://www.cooking.com/bin/a.asp?a=nwsl1882ae&s=b00133302t2
HOT DEALS
Free Mini-Mate Chopper!
Receive a Free Mini-Mate Chopper (a $40 value) when you purchase $150 or
more worth of Cuisinart! A handy gadget you'll use a lot this holiday!
Click here to
learn more!
http://www.cooking.com/bin/a.asp?a=nwsl1882u&s=b00133302t2
Free Henckels Steak Knives!
Purchase a Henckels Knife Block Set ($199 or more) and receive a Free Set
of Henckels Steak Knives (worth $60). Click here for details and your
rebate form.
http://www.cooking.com/bin/a.asp?a=nwsl1882v&s=b00133302t2
Free Waffle Mix!
Stonewall Kitchen's Farmhouse Waffle Mix is your gift with purchase when
you buy a selected Waffle Maker. Great for those cold winter mornings!
http://www.cooking.com/bin/a.asp?a=nwsl1882w&s=b00133302t2
Holiday Gift Shop!
Sneak a peek - our Holiday Gift Shop is brimming with all sorts of gift
ideas for the holiday season! Shop by category or price - there's
something for everyone!
http://www.cooking.com/bin/a.asp?a=nwsl1882x&s=b00133302t2
Weekly Specials - NEW!
Be sure to check out our NEW Weekly Specials Department - special
reductions on everything from cookware to bakeware and more. And remember,
if you see
something you like, don't hesitate to buy because the following week's
specials might be different!
http://www.cooking.com/bin/a.asp?a=nwsl1882y&s=b00133302t2
Searching for more holiday gifts? Look no further than Cooking.com!
http://www.cooking.com/bin/a.asp?a=nwsl1882z&s=b00133302t2
To unsubscribe, click here:
http://www.cooking.com/bin/a.asp?a=nwsl1882aa&s=b00133302t2&[email protected]
Please note that you're subscribed as: [email protected] |
----- Forwarded by Jeff Dasovich/NA/Enron on 05/18/2001 05:35 PM -----
"Julia Wright" <[email protected]>
05/17/2001 02:51 PM
To: "Marilyn Hawes" <[email protected]>, "Kelly Boyd"
<[email protected]>, "Karen Edson (E-mail)" <[email protected]>, "Julee
Malinowski-Ball (E-mail)" <[email protected]>, "Joseph Alamo" <[email protected]>,
"John White (E-mail)" <[email protected]>, "John Rozsa (E-mail)"
<[email protected]>, "John Redding" <[email protected]>, "John
Larrea (E-mail)" <[email protected]>, "John Fistolera"
<[email protected]>, "John Fielder (E-mail)" <[email protected]>, "John Fielder
(E-mail 2)" <[email protected]>, "John Bridges (E-mail)"
<[email protected]>, "Joe Ronan" <[email protected]>, "Joe Lyons (E-mail)"
<[email protected]>, "Jim Groninger (E-mail)" <[email protected]>,
"Jerry Jordan (E-mail)" <[email protected]>, "Jeff Dasovich (E-mail)"
<[email protected]>, "Jeannie Cain (E-mail)" <[email protected]>,
"Jan Smutny-Jones (E-mail)" <[email protected]>, "James D. Boyd (E-mail)"
<[email protected]>, "Jack Stewart (E-mail)" <[email protected]>, "Jack
Gualco" <[email protected]>, "Jack Flanigan (E-mail)"
<[email protected]>, "Greg Hardy (E-mail)" <[email protected]>,
"Grace Davis" <[email protected]>, "Gordon McDonald"
<[email protected]>, "Gary Schoonyan" <[email protected]>, "Gary
Heath (E-mail)" <[email protected]>, "Evelyn Elsesser (E-mail)"
<[email protected]>, "Eloy Garcia (E-mail)" <[email protected]>, "Ed Yates
(E-mail)" <[email protected]>, "Doug Fernley" <[email protected]>, "Dorothy
Rothrock (E-mail)" <[email protected]>, "Dominic DiMare"
<[email protected]>, "Derek Naten" <[email protected]>,
"Denny Samuel (E-mail)" <[email protected]>, "Dennis Price (E-mail)"
<[email protected]>, "Denice Cazalet" <[email protected]>, "Delbert Fore
(E-mail)" <[email protected]>, "Delaney Hunter (E-mail)"
<[email protected]>, "Dan Carroll (E-mail)" <[email protected]>,
"Craig Brown (E-mail)" <[email protected]>, "Cindy Howell"
<[email protected]>, "Charles Bacchi" <[email protected]>,
"Catherine Hackney (E-mail)" <[email protected]>, "Carolyn McIntyre (E-mail)"
<[email protected]>, "Brian Kelly (E-mail)" <[email protected]>, "Bob
Houston (E-mail)" <[email protected]>, "Bob Foster (E-mail)"
<[email protected]>, "Bill Keese (E-mail)" <[email protected]>, "Bill
Dombrowski (E-mail)" <[email protected]>, "Bill Booth (E-mail)"
<[email protected]>, "Becky Kilbourne (E-mail)" <[email protected]>,
"Barbara Barkovich (E-mail)" <[email protected]>, "Audra Hartmann
(E-mail)" <[email protected]>, "Art Carter (E-mail)" <[email protected]>,
"Anna Ferrera (E-mail)" <[email protected]>, "Ann Cohn (E-mail)"
<[email protected]>, "Allan Lippincott (E-mail)" <[email protected]>, "Aaron
Thomas (E-mail)" <[email protected]>
cc: "Karen Jarrell (E-mail)" <[email protected]>, "Karen Koyano"
<[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]>, "Katie Kaplan" <[email protected]>,
"Kay Grosulak" <[email protected]>, "Keith McCrea (E-mail)"
<[email protected]>, "Kent G. Smith (E-mail)" <[email protected]>,
"Kent Palmerton" <[email protected]>, "Kevin Lynch (E-mail 2)"
<[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]>, "Mark Smith" <[email protected]>, "Marwan
Masri (E-mail)" <[email protected]>, "Michael Alcantar (E-mail)"
<[email protected]>, "Michael Florio (E-mail)" <[email protected]>, "Mike Kahl
(E-mail)" <[email protected]>, "Mona Petrochko" <[email protected]>, "Pete
Conaty (E-mail)" <[email protected]>, "Peter Bray (E-mail)"
<[email protected]>, "Phil Nails (E-mail)" <[email protected]>, "Phil
Stohr (E-mail)" <[email protected]>, "Ralph Cavanagh (E-mail)"
<[email protected]>, "Randy Chinn" <[email protected]>, "Ray Thompson
(E-mail)" <[email protected]>, "Richard Costigan III ESQ. (E-mail)"
<[email protected]>, "Richard Counihan (E-mail)"
<[email protected]>, "Richard Mesereau (E-mail)"
<[email protected]>, "Robert Berry" <[email protected]>, "Robin
Larson (E-mail)" <[email protected]>, "Scott Tomashefsky (E-mail)"
<[email protected]>, "Sheryl Carter (E-mail)" <[email protected]>,
"Steve Ponder (E-mail)" <[email protected]>, "Steven M. Pike (E-mail)"
<[email protected]>, "Stu Wilson (E-mail)" <[email protected]>, "Sue Mara
(E-mail)" <[email protected]>, "Susan Reeder" <[email protected]>, "Terry Winter
(E-mail)" <[email protected]>, "Tim Schmelzer" <[email protected]>,
"Tommy Ross (E-mail)" <[email protected]>, "Tony Braun" <[email protected]>,
"Victoria Schaefer" <[email protected]>
Subject: FW: Chairman Keese's presentation
The attached presentation is for today's CESG meeting.
Julia B. Wright
Executive Assistant
Smith, Kempton & Watts
980 Ninth Street, Suite 1560
Sacramento, CA 95814
(916)446-5508
(916)446-1499 Fax
[email protected]
- CEC Presentation without NOTES.ppt |
Forwarding to you at the request of Christi Nicolay.
---------------------- Forwarded by Linda J Noske/HOU/ECT on 07/05/2001 09:58
AM ---------------------------
From: Joe Connor@ENRON on 07/05/2001 09:12 AM
To: Tom Chapman/HOU/ECT@ECT
cc: Christi L Nicolay/HOU/ECT@ECT
Subject: Re: Southern RTO
Latest info on Southern for your meeting with Kean and Ed Holland today.
----- Forwarded by Joe Connor/NA/Enron on 07/05/2001 09:10 AM -----
James D Steffes
07/02/2001 04:20 PM
To: Steven J Kean/NA/Enron@Enron
cc: Richard Shapiro/NA/Enron@Enron, Joe Connor/NA/Enron@Enron
Subject: Re: Southern RTO
Steve --
If still ok, I think that we should try and establish the date for the
Southern - Enron meeting per Joe's message below. It would be good to hear
their viewpoints (just to know where they are coming from).
Jim
---------------------- Forwarded by James D Steffes/NA/Enron on 07/02/2001
04:18 PM ---------------------------
From: Joe Connor on 07/02/2001 10:43 AM
To: James D Steffes/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON
cc:
Subject: Re: Southern RTO
I met with Andy Dearman and Bill Newman of Southern on Friday. They talked
about what is going on with the non-jurisdictional utilities that have signed
a MOU to develop a RTO. The group has met a couple of times to discuss the
process they will use. Confidentiality agreements have been signed, so no
details are available, but they have agreed to a voting structure for the
development. Southern has about one third of the votes (and 65%of the
assets) and it takes at least two other parties agreeing with Southern to
carry a vote. Southern says they spent a lot of time convincing the other
parties that Southern was not going to run, or dominate, the process. After
that, Southern said the group started to pull together and get organized for
the development.
They said everyone in the group appeared to be ready to find ways to make the
RTO work and resolve the hurdles the non-jurisdictional utilities have been
expressing with the development of other RTOs. They said there were some
rough spots that had to be resolved and they couldn't be sure agreement would
be reached, but at this point there was a lot of cooperation.
Andy and Bill wanted to convince me that this was not a delaying tactic by
Southern and they were doing everything possible to ensure that a complete
RTO filing could be ready by 12/15/01. They also said they thought this is
what Ed Holland wanted to discuss with Steve Kean.
We talked about how other stakeholders could have input to the development.
They said that it was too early to make any commitment, but the group had
started thinking about it and they expected an input process to be available
by late summer.
They said Southern was in favor of some process that would provide
stakeholders the opportunity to look at what was being considered and advise
the development group as early as possible. They said they understood the
difficulty stakeholders had with the approach Southern used in its initial
filing and wanted to do it different, but they pointed out again that
Southern could not dictate the process that would be allowed by the group.
In the meantime, they said if we wanted to provide position papers on any
part of the RTO development they would make sure the papers were circulated
in the group or we could continue to hold bilateral discussions with them or
other members of the development group.
Jim, I still think it would be worthwhile to have a meeting between Ed and
Steve Kean, and I would include you and invite Andy and Bill to come. I
don't think they want to discuss anything technical at this point; they just
want to convince Enron that the approach Southern is taking provides the
quickest development of a RTO for the Southern area, and they want any help
we can give in convincing FERC to let this process run.
I also think we need to pass on filing a response to Southern's May 15th
status report, either alone or with Alabama Municipal Electric Authority (
Donna, I guess that's who you meant in the memo below, since AEC has signed a
MOU with Southern?). I will get in touch with Bob Reilley to find out why we
haven't heard from EPSA on its filing. I still think that's the best
approach.
Donna Fulton
06/28/2001 12:02 PM
To: Joe Connor/NA/Enron@Enron, Tom Chapman/HOU/ECT@ECT
cc: James D Steffes/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON
Subject: Southern supplemental status report
I am attaching the supplemental status report that Southern filed in its
RT01-77 on June 20. They have included MOUs with Georgia Transmission Corp,
Santee Cooper and Alabama Electric Coop to work on development of an RTO.
These are really general, more of the same of what we've seen from Southern.
Also we had talked about possible comments on the May 15 Southern filing;
Coral was working on comments through EPSA. Nothing has been filed by EPSA
yet.
Alabama did file comments on the May 15 status report and they have asked
that the FERC establish a technical conference to "publicly air and evaluate
the alleged governance concerns and the concerns regarding significant
delay..." Following a technical conference, they ask for a judge to convene
a settlement conference at FERC to "undertake a properly supervised and
serious development of an RTO for the SE without further wasted time."
At this point we could consider filing comments in support of the Coop
comments. |
???? THE DAILY TEASE - Exercise Your Mind ????
Monday, May 7, 2001
------------------------------------------------------------
Subscribe for FREE and get The Daily Tease delivered daily. Visit:
<a href=" http://www.shagmail.com/sub/sub-tease.html ">Subscribe</a>
------------------------------------------------------------
Hello Everyone
I have another poll for you. This week's question is....
If money were no object, would you pay 20 million dollars
for a chance to take a ride on a space shuttle as did the
millionaire Dennis Tito?
A) Yes
B) No
C) Undecided
D) What's a space shuttle?
In last week's poll, 55% of all voters said that they would
like to be chained to Sophia Loren, while 18% said they would
like to be chained to Mel Gibson.
Thanks to everyone for participating in my poll and don't
forget--today begins a new Mind Scrambler!
Keep those brain waves churning!
Janie
_________________________________________________
***** Janie's Mind Scrambler *****
(#81)
To some I can hold treasure,
To others most displeasure.
I am always near you,
Yet always far.
I am done when I begin,
And begin when I end.
What am I?
Submit your answer by visiting:
http://www.thedailytease.com
------------------------------------------------------
Mind Scrambler Tally: Correct - 0 Incorrect - 0
------------------------------------------------------
,.-:*'``'*:-.,_,.-:*'``'*:-.,_,.-:*'``'*:-.,_ .-:*'``'*:-.,_
TAKE A MUSICAL JOURNEY THROUGH THE 60's
Sugar & Spice - As Seen On TV
Share good times with good friends and great music with this
great collection of songs featuring 34 fun-filled hits. Sit
back and listen to songs by the original artists like: Dizzy,
I'm A Believer, The Tracks Of My Tears, Hippy Hippy Shake,
Happy Together, Reflections, My Boyfriends Back, Bend Me,
Shape Me, Under The Boardwalk, Build Me Up Buttercup, Respect,
Put A Little Love In Your Heart, Sherry, The Beat Goes On,
I Say A Little Prayer and many more! Order your DOUBLE CD or
Double Audio cassette today for only $26.98.
--> http://ads.pulsetv.com/al/a?aid=4&ent=196 <--
<a href="http://ads.pulsetv.com/al/a?aid=4&ent=196">
Order Sugar & Spice Today!</a>
_,.-:*'``'*:-.,_,.-:*'``'*:-.,_,.-:*'``'*:-.,_.-:*'``'*:-.,_
TODAY'S TEASE (#738) [Thanks to Jean-Francois A Borny for
sending in today's tease.
There's a box with a hole at each end and there's a rabbit
in the box. The rabbit sticks his head out of the hole in
one end, and a minute later he sticks it out the other end.
Half a minute later, his head appears at the opposite end,
a fourth of a minute later it appears at the end opposite
to that one, an eighth of a minute later...etc., etc.
How long will it take before the rabbit sticks its head
out of both ends of the box at the same time?
_________________________________________
SCROLL DOWN TO FIND THE SOLUTION
_________________________________________
,.-:*'``'*:-.,_,.-:*'``'*:-.,_,.-:*'``'*:-.,_ .-:*'``'*:-.,_
*-> Jackie Chan is Fearless Hyena - 2 Videos only $9.98! <-*
If you think Jackie Chan is a magician when he performs those
incredible moves and death-defying stunts now, wait until you
see the action in, FEARLESS HYENA! The martial arts is
lightning fast and nonstop as Jackie battles his way through
a host of enemies in this classic Chinese action film. Plus,
you also get FEARLESS HYENA II, two martial arts masterpieces
for only $9.98! Just visit:
<a href=" http://ads.pulsetv.com/al/a?aid=4&ent=69 ">
Jackie Chan 2-Pack only $9.98</a>
_,.-:*'``'*:-.,_,.-:*'``'*:-.,_,.-:*'``'*:-.,_.-:*'``'*:-.,_
At least one answer to today's tease:
In theory, two minutes. In practice, no answer is possible
unless you split hares. :)
********************* Readers Comments *********************
Jane Barbe is the "time lady." - my gosh if that isn't an
interesting fact, that I bet nobody knew the answer to.
Joanne
****
I always wanted to know who the "Time Lady" was! I must have
dialed that number forty times in a week! I wonder if she's
the operator who goes, "The number you dialed is not working
at the present time. Please hang up and try again."?
Liz
****
Barbe's voice is heard by millions of people every day
announcing ETC's Audichronc time, temperature, and weather
services.
In addition, Barbe's voice speaks for the telephone
network (changed numbers, disconnects, circuits busy), Bell
laboratory computers, The National Bureau of Standards, and
many voice mail systems nation wide.
Andy Lee
[I thought this was an interesting fact too. Thanks for the
additional information Andy. Maybe this will be a question
on "Who Wants to be a Millionaire" someday. Now you will
all know the answer. :)]
****
If the answer was GREED I think DONALD TRUMP should be correct
also. After all aren't those 2 synonyms.
Jeffrey
[Good point Jeff. Thanks for writing in. :)]
[And thank you all for writing in. I hope to hear more from
all of you in the future! :)]
------------------------------------------------------------
Questions? Comments? Email us at:
<a href=" mailto:[email protected] ">Email Janie</a>
------------------------------------------------------------
To UNSUBSCRIBE visit:
<a href=" http://www.shagmail.com/unsub/tease.html ">Unsubscribe</a>
SPECIAL NOTE: If you are having problems unsubscribing, I
apologize for the inconvenience. Please send your unsubscribe
requests directly to me at [email protected] and I will
take care of them as soon as possible for you. Thank you for
your patience.
***********************************************************
To SUBSCRIBE send blank email to:
<a href=" http://www.shagmail.com/sub/sub-tease.html ">Subscribe</a>
or Visit:
<a href=" http://www.laffaday.com/tforms/3.html ">Subscribe</a>
************************************************************
Want some Fun and Amusements sent by email FREE! Visit:
<a href=" http://www.shagmail.com ">FREE Newsletters</a>
************************************************************
END OF THE DAILY TEASE - http://www.thedailytease.com
Another FREE ShagMail publication: http://www.shagmail.com
Copyright 2001 by Pulse Direct, Inc. All rights reserved.
Feel free to forward this, in its entirety, to others.
---
You are currently subscribed to tease as: [email protected] |
> The following advice for American travellers going to France was
compiled
> from information provided by the US State Department, the CIA, the US
> Chamber of Commerce, the Food and Drug Administration, the Centres for
> Disease Control
> and some very expensive spy satellites that the French don't know
about.
> It
> is intended as a guide for American travellers only.
>
> General Overview
>
> France is a medium-sized foreign country situated in the continent of
> Europe. It is an important member of the world community, though not
> nearly
> as important as it thinks.
> It is bounded by Germany, Spain, Switzerland and some smaller nations
of
> no
> particular importance and with not very good shopping. France is a
very
> old
> country with many treasures, such as the Louvre and Eurodisney. Among
its
> contributions to western civilization are champagne, Camembert cheese
and
> the guillotine.
> Although France likes to think of itself as a modern nation, air
> conditioning is little used and it is next to impossible for Americans
to
> get decent Mexican food. One continuing exasperation for American
visitors
> is that local people insist on speaking in French, though many will
speak
> English if shouted at. Watch your money at all times.
>
> The People
>
> France has a population of 56 million people. 52 million of these
drink
> and
> smoke (the other 4 million are small children). All French people
drive
> like lunatics, are dangerously oversexed, and have no concept of
standing
> patiently in a queue.
> The French people are in general gloomy, temperamental, proud,
arrogant,
> aloof and undisciplined; those are their good points. Most French
citizens
> are Roman Catholic, though you would hardly guess it from their
behaviour.
> Many people are communists.
> Men sometimes have girls' names like Marie or Michel, and they kiss
each
> other when they meet. American travellers are advised to travel in
groups
> and wear baseball caps and colourful trousers for easier recognition.
>
> Safety
>
> In general, France is a safe destination, although travellers must be
> aware
> that from time to time it is invaded by Germany. Traditionally, the
French
> surrender immediately and, apart from a temporary shortage of Scotch
> whisky
> and increased difficulty in getting baseball scores and stock market
> prices, life for the American visitor generally goes on much as
before. A
> tunnel
> connecting France to Britain beneath the English channel has been
opened
> in
> recent years to make it easier for the French government to flee to
London
> during future German invasions.
>
> History
>
> France historical figures are King Louis, the Huguenots, Joan of Arc,
> Jacques Cousteau and Charles de Gaulle, who was President for many
years
> and is now an airport. The French were never very imaginative and all
> their
> kings were called Louis. The French enjoyed their Revolution which set
up
> their republic. It was so successful that they did it again, and again
and
> again.
>
> Government
>
> The French form of government is democratic but noisy. Elections are
held
> more or less continuously and always result in a draw.
>
> The French love administration so for government purposes the country
is
> divided into regions, departments, districts, municipalities, towns,
> communes, villages, cafes, and telephone kiosks. Each of these has its
own
> government and elections. Parliament consists of two chambers, the
Upper
> and Lower, though confusingly they are both on the ground floor, and
whose
> members are either Gaullists or Communists, neither of whom should be
> trusted by the traveller.
>
> Parliament's principal occupation is testing atomic bombs in the south
> Pacific and acting indignant and surprised when other countries
complain,
> and then complaining when the Arabs do the same in Paris. According to
the
> most current American state department intelligence, the President is
now
> someone named Jacques. Further information is not available at this
time.
>
> Culture
>
> The French pride themselves on their culture, though it is not easy to
see
> why. All their music sounds the same and they have never made a movie
that
> you would want to watch for anything but the nude scenes.
>
> Cuisine
>
> Let's face it, no matter how much garlic you put on it, a snail is
just a
> slug with a shell on its back. Croissants on the other hand, are
> excellent,
> although it is impossible for most Americans to pronounce this word.
In
> general, travellers are advised to stick to cheeseburgers.
>
> Economy
>
> France has a large and diversified economy, second only to Germany's
in
> Europe, which is surprising because the French hardly work at all. If
they
> are not spending four hours dawdling over lunch, they are on strike
and
> blocking the roads with their trucks and tractors. France's principal
> exports, in order of importance to the economy, are wine, nuclear
weapons,
> perfume, guided missiles, champagne, guns, grenade launchers, land
> mines,tanks, attack aircraft, miscellaneous armaments and cheese.
>
Rick,
I have been forwarded this message, quite to my surprise...considering my reputation. I should probably not have sent this to you but I will concede to the humour.
I hope you will have fun,
-Antoine
> Public Holidays
>
> France has more holidays than any other nation in the world. Among its
361
> national holidays are: 197 Saints' days, 37 National Liberation Days,
16
> Declaration of Republic Days, 54 Return of Charles de Gaulle in
triumph as
> if he won the war single-handed Days, 18 Napolean sent into Exile
Days, 17
> Napolean Called Back from Exile Days, and 2 "France is Great and the
Rest
> of
> the World is Rubbish" Days.
>
> Conclusion
>
> France enjoys a rich history, a picturesque and varied landscape, and
a
> temperate climate. In short, it would be a very nice country if it was
not
> inhabited by French people.The best thing that can be said for France
is
> that it is not Germany. |
Charles Schwab & Co., Inc.
Morning Market View(TM) for Wednesday, June 6, 2001
as of 11:00AM EDT
Information provided by Standard & Poor's
================================================================
U.S. INDICES
(11:00a.m. EDT)
----------------------------------
Market Value Change
DJIA 11,145.30 - 30.50
Nasdaq Comp. 2,232.65 - 1.01
S&P 500 1,276.17 - 7.40
----------------------------------
NYSE Advancing Issues 1,043
NYSE Declining Issues 1,620
NYSE Trading Volume 287 mln
NASDAQ Advancing Issues 1,364
NASDAQ Declining Issues 1,805
NASDAQ Trading Volume 574 mln
==================================
U.S. TREASURIES
----------------------------------
Value Yield Change
1-year bill 3.57% n/a
5-year note 4.84% - 4/32
10-year note 5.30% - 7/32
30-year bond 5.66% - 3/32
The tables above look best when viewed in a fixed-width font,
such as "Courier."
================================================================
U.S. TRADING SUMMARY
The headline indices have chopped around both sides of unchanged
levels this morning as concerns over upcoming earnings reports
and continued uncertainty over the outlook for the domestic
economy pull traders in many directions. Throw in a bias toward
profit-taking in the wake of the recent gains in the headline
indices and it is not surprising that stocks have been volatile
this morning. Oil, financial and banking stocks are among the
worst-performing sectors. Meanwhile, computer systems, computer
software and household products have managed to make some headway
in today's volatile market.
----------------------------------------------------------------
JAPAN / EUROPE SUMMARY
European stock market indices have moved lower with the U.S.
indexes. The German Dax has fallen 0.5%, while the French CAC-40
dipped 0.3% as both indexes reversed earlier gains. The London
FTSE has managed to hold around unchanged levels. Note that the
Bank of England matched market expectations by announcing that it
left short-term interest rates unchanged at its most recent
policy meeting. Elsewhere, gains in the downtrodden banking
sector were more than offset by weakness in technology issues as
the Nikkei-225 erased its early gains and moved into the red by
the close. For the day, the Nikkei-225 dropped about 0.1% while
the broader Topix remained unchanged.
----------------------------------------------------------------
CURRENCY SUMMARY
Concerns over the Japanese economy, alongside comments from a
Japanese official, have kept the yen under pressure. Of course,
this is to the dollar's advantage, as the greenback is holding
above the 120 yen level. The euro has been slapped lower to below
0.850 dollars per euro, as traders take profits on an early run
higher to 0.855 dollars.
----------------------------------------------------------------
MAJOR COMPANY / INDUSTRY NEWS
(All prices as of 11:05 a.m. EDT)
** The $8 billion merger between DuPont's (DD: 47.15, + 0.45)
pharmaceutical division and Bristol-Myers Squibb (BMY: 57.42, -
0.49) has moved one step closer to reality, according to The Wall
Street Journal. Citing unnamed sources, the Journal reported that
DuPont agreed to exclusive negotiations with Bristol-Myers in
order to quickly move the deal forward. DuPont has authorized the
transaction if both companies can agree to terms, but many
hurdles still remain that could thwart the takeover. DuPont's
pharmaceutical division's main drugs include medicines targeting
blood clots, HIV and Parkinson's disease.
** Advanced Micro Devices (AMD: 29.18, + 0.28) expects to
increase revenues despite the current slowdown in the
semiconductor sector, according to a news conference given by
AMD's Chief Operating Officer Hector Ruiz. Despite sector growth
contraction of 15%, AMD expects to increase its business as it
expands its market share. The COO also stated that signs have
emerged that may signal a pickup in global personal computer
demand in the fourth quarter of this year. However, Ruiz was less
optimistic about semiconductor demand for the beleaguered
communications sector.
** President Bush called for an investigation into the alleged
dumping of foreign-produced steel in the U.S. The move by the
president has the potential to bring about restrictions on
foreign steel producers. Under Section 201 of the 1974 Trade Act,
the president may ask the International Trade Commission to
investigate whether or not imported steel is hurting U.S.
domestic production. The commission has six months to issue
recommendations that the president could accept, reject or
modify. Penalties could include increased tariffs on imports,
quotas limiting the affected imports or a combination of both.
The move, which comes on the heels of the Democratic takeover of
the U.S. Senate, could help the president curry favor with some
in the Democratic Party.
----------------------------------------------------------------
ECONOMIC NEWS
** No data today.
** THURSDAY - Weekly initial jobless claims, wholesale trade for
April, consumer credit for April.
** FRIDAY - No data.
################################################################
Log in using the links below to:
Access your account:
https://investing.schwab.com/trading/start?SANC=CCBodyi&NeedCASelValue=Y
View your Email Alert customization options:
https://investing.schwab.com/trading/start?SANC=EAMyAlerts
Perform research or request a market quote:
https://investing.schwab.com/trading/start?SANC=Quotes
Place a trade order:
https://investing.schwab.com/trading/start?SANC=TradeStock
To visit Schwab's home page, use this link:
http://www.schwab.com/
-----------------------------------------------------------------
To unsubscribe or modify your Email Alert customization options,
log in using the link below or copy and paste it into your
browser's address window:
https://investing.schwab.com/trading/start?SANC=EAMyAlerts
Now you can receive graphics Email Alerts in HTML format,
using helpful, full-color graphics and active Web links that
connect you directly to information you want. Use the link
below to log in and change your email format preference:
https://investing.schwab.com/trading/start?SANC=EAEditEmailAddr
----------------------------------------------------------------
Notice: All email sent to or from the Charles Schwab corporate
email system may be retained, monitored and/or reviewed
by Schwab personnel. (1000-8752)
Copyright 2001 Standard & Poor's MMS Inc. All rights reserved.
Standard & Poor's MMS services are for personal use only.
Commercial use or redistribution in any form, print or
electronic, is prohibited.
Distribution by Quris, Inc. |
Charles Schwab & Co., Inc.
Midday Market View(TM) for Tuesday, May 22, 2001
as of 1:00PM EDT
Information provided by Standard & Poor's
================================================================
U.S. INDICES
(1:00p.m. EDT)
----------------------------------
Market Value Change
DJIA 11,301.20 - 36.70
Nasdaq Comp. 2,312.46 + 6.87
S&P 500 1,313.30 + 0.47
----------------------------------
NYSE Advancing Issues 1,420
NYSE Declining Issues 1,563
NYSE Trading Volume 704 mln
NASDAQ Advancing Issues 1,936
NASDAQ Declining Issues 1,734
NASDAQ Trading Volume 1.35 bln
==================================
U.S. TREASURIES
----------------------------------
Value Yield Change
1-year bill 3.71% n/a
5-year note 4.96% + 2/32
10-year note 5.39% - 2/32
30-year bond 5.77% - 9/32
The tables above look best when viewed in a fixed-width font,
such as "Courier."
================================================================
U.S. TRADING SUMMARY
Weakness in the Dow continued to weigh on the NASDAQ and S&P 500
at the middle of the trading day. Yet, the losses were small and
well contained throughout the morning as investors digested a
week of heady gains in the NASDAQ. With little economic data on
this week's calendar, and an upcoming three-day weekend, traders
were somewhat hesitant to commit more capital given the lack of
additional information about the state of the U.S. economy.
Industries bucking today's consolidative trend and moving higher
included financials, computer software and communications
equipment firms. Industries struggling along with the broader
market included a host of defensive sectors including drugs,
health care and oil.
----------------------------------------------------------------
U.S. TREASURY SUMMARY
Shorter-dated Treasury issues continued to outperform the
longer-dated issues into midday trading. With no economic data on
the calendar, investors are digesting previous data and
repositioning their holdings among different Treasury debt issues
as some inflationary concerns remain. These inflation concerns
have resulted in players selling the bond to buy shorter-dated
securities. Shorter-dated issues are also getting support from a
mild equity safety bid as all three equity indices have been
unable to extend Monday's gains. Traders were also listening to
comments from a variety of Federal Reserve speakers, whose words
had little net effect on Treasuries.
----------------------------------------------------------------
CURRENCY SUMMARY
A lack of market-moving data or events during North American
trading kept the U.S. dollar in a fairly subdued range this
morning. The dollar has managed to edge modestly higher versus
the yen to about the 122.8 yen level, pushing off morning lows of
about 122.5 yen. Meanwhile, the greenback has strengthened to
around 0.865 dollars per euro. The dollar lost ground against the
yen overnight following the release of data suggesting that the
Japanese economy was not as weak as many had feared. However,
weaker-than-anticipated European data boosted the dollar against
the euro during European trading hours.
----------------------------------------------------------------
MAJOR COMPANY / INDUSTRY NEWS
(All prices as of 1:05 p.m. EDT)
** The Securities and Exchange Commission began an investigation
into unusual transactions between Xerox (XRX: 10.60, - 0.75) and
Citigroup's (C: 52.60, + 1.04) Citibank unit that may have helped
boost ailing Xerox's profit and revenue statements, reports The
Wall Street Journal. The SEC has subpoenaed Citibank for its
records on Xerox's Brazil division regarding the transactions. A
former Xerox employee charges that Xerox improperly booked
erroneously inflated revenue of roughly $140 million and pretax
profits of $80 million. According to the article, Citibank does
not appear to have done anything wrong by arranging the
transactions for Xerox. Neither company would comment on the
matter.
** Office product retailing giant Staples Inc. (SPLS: 16.26, +
0.74) reported fiscal first-quarter profits that were in line
with expectations. Staples also stated that while its second
quarter will be weak, the company still believes that it is on
target to meet full-year estimates with stronger third- and
fourth-quarter results. Staples reported earning $40 million, or
$0.09 per share in the fiscal first quarter, which was just
slightly below the $44.2 million, or $0.10 per share earned in
the same quarter last year. Revenues increased 4% to $2.7
billion.
** Vivendi Universal (V: 68.80, + 0.43) is on the acquisition
trail again. After offering to purchase MP3.com (MPPP: 4.87, +
0.02) yesterday, Vivendi announced that it is in preliminary
talks to buy U.S. publisher Houghton Mifflin (HTN: 55.75, + 2.25)
for a minimum of $1.7 billion, reported The Wall Street Journal.
The merger would allow Vivendi, Europe's biggest media company,
to expand its publishing business to the United States and beyond
its scope of Europe.
----------------------------------------------------------------
RESEARCH SPOTLIGHTS
** Robertson Stephens upgraded shares of Neurocrine Biosciences
(NBIX: 36.03, - 2.00) to a strong buy rating.
** Union Securities upgraded shares of Aspen Technology Inc.
(AZPN: 26.27, - 1.92) from a buy to a strong buy rating.
** ABN Amro upgraded shares of E.Piphany (EPNY: 16.21, + 0.51)
from a hold to an add rating.
################################################################
Log in using the links below to:
Access your account:
https://investing.schwab.com/trading/start?SANC=CCBodyi&NeedCASelValue=Y
View your Email Alert customization options:
https://investing.schwab.com/trading/start?SANC=EAMyAlerts
Perform research or request a market quote:
https://investing.schwab.com/trading/start?SANC=Quotes
Place a trade order:
https://investing.schwab.com/trading/start?SANC=TradeStock
To visit Schwab's home page, use this link:
http://www.schwab.com/
-----------------------------------------------------------------
To unsubscribe or modify your Email Alert customization options,
log in using the link below or copy and paste it into your
browser's address window:
https://investing.schwab.com/trading/start?SANC=EAMyAlerts
Now you can receive graphics Email Alerts in HTML format,
using helpful, full-color graphics and active Web links that
connect you directly to information you want. Use the link
below to log in and change your email format preference:
https://investing.schwab.com/trading/start?SANC=EAEditEmailAddr
----------------------------------------------------------------
Notice: All email sent to or from the Charles Schwab corporate
email system may be retained, monitored and/or reviewed
by Schwab personnel. (1000-8752)
Copyright 2001 Standard & Poor's MMS Inc. All rights reserved.
Standard & Poor's MMS services are for personal use only.
Commercial use or redistribution in any form, print or
electronic, is prohibited.
Distribution by Quris, Inc. |
Mary Hain has resigned her position with Enron. Please remove her from all
your mail lists.
Thank you.
Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.
Enron Capital & Trade Resources Corp.
From: Thomas DeBoer <[email protected]>
03/21/2001 10:56 AM
Please respond to [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], [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], [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],
[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],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected]
cc:
Subject: WP-02 Data Response
request_number: DS-AC:003
firstname: Thomas
lastname: DeBoer
e-mail: [email protected]
exhibit_wp-02-e-: JCG-01 and JCG-02
page_numbers:
request_text: Amended Request No.: DS-AC:003
Request: Witnesses: Pamela Lesh, Robert E. Orton, Marilyn G. Showalter and W.
Scott Brattebo, David W. Hoff, Kevin P. O'Meara, Lon L. Peters, Geoffrey H.
Carr, and Marc H. Hellman, respectively
Exhibit: WP-02-E-JCG-01 and WP-02-JCG-02
Please disclose and/or produce any and all communications from October 16,
2001 to the present, between any of the party representative of BPA
concerning rates to be in effect for BPA's Fiscal Years 2002-2006, the
interactions of such rates and customer contracts, or procedural aspects of
these rate proceedings.
Terry Mundorf (WPAG)
Lon Peters (PGP)
Linc Wolverton (ICNU)
Scott Brattebo (PacifiCorp)
Kevin Clark (Seattle City Light)
David Hoff (PSE)
Geoff Carr (Northwest Requirements Utilities)
Dennis Parrish (Market Access Coalition Group)
Pam Jacklin (PacifiCorp)
Peter Richardson (PPC)
Kyle Sciuchetti (PPC)
Ray Kindley (PGP)
Jay Waldron (PGP)
Doug Brawley (PNGC)
Eric Johnson (PNGC)
Darcy Norville (PGE)
Lynn Williams (PGE)
Steve Weiss (Northwest Energy Coalition)
Mark Hellman (OPUC)
For purposes of this Request, "disclose and/or produce" has the meanings
described below. With respect to oral communications, "disclose and/or
produce" means to describe the time, date, approximate duration, and
substantive content of the communication; the identity and organizational
affiliation of the communicating individuals; whether the communication
occurred in person or by telephone; the location of the communication if in
person; the identity of any witnesses to the communications, including all
individuals in the room if the communication occurred by speakerphone; and
whether the communication was made in the presence of or after coordination
with BPA counsel(if so, identify such counsel). For purposes of this
Request, you need not "disclose and/or produce" oral communications that
occurred during meetings noticed in compliance with Rate Case Rule 1010.7(d).
With respect to written communications, the Request includes communications
in any recorded form, whether on paper, electronic (including, without
limitation, e-mails), or whatever form. For such communications, "disclose
and/or produce" means to provide copies of all non-identical versions of any
written communications and to describe with particularity the circumstances
under which they were generated or referred to; and to fully "disclose
and/or produce" any oral communications made in connection with the written
communications consistent with the preceding paragraph. For purposes of this
Request, you need not produce papers served on all parties to the rate case
and made part of the official file in the rate case.
response_text: Avista Corporation (Avista) objects to this Data Request on
the grounds that it: (i) seeks information that is not relevant; and (ii)
seeks information that is unduly burdensome to produce. (Rules of Procedure
Governing Rate Hearings, Section 1010.8(b)). Avista further objects to this
Data Request on the grounds that it is in improper form as it does not cite
to specific testimony or indicate the specific use to which the information
sought will be put. (Special Rules of Practice, WP-02-01). Without waiving
the foregoing objections, Avista responds as follows:
I am aware of no communications responsive to this Data Request other than
those disclosed in response to DS-AC:001.
The following information is from the web server:
1. Logon: IUSR_GRANITE
2. Remote Host: border.paine-hamblen.com
3. Remote IP Address: 207.53.155.98
4. Form URL:
https://secure.bpa.gov/power/secure/psp/ratecase/discovery/wp_02_response.html
5. Browser Client: Mozilla/4.7 [en] (Win95; I) |
-----Original Message-----
From: "BRAD MCKAY, ENRON CORP." <[email protected]>@ENRON [mailto:IMCEANOTES-+22BRAD+20MCKAY+2C+20ENRON+20CORP+2E+22+20+3CBMCKAY2+40bloomberg+2Enet+3E+40ENRON@ENRON.com]
Sent: Monday, June 04, 2001 9:55 AM
To: [email protected]
Subject: (BN ) Power Plants Returning to Natural Gas as Prices Fall:
T
Power Plants Returning to Natural Gas as Prices Fall: Outlook
2001-06-02 17:26 (New York)
Power Plants Returning to Natural Gas as Prices Fall: Outlook
Palatka, Florida, June 2 (Bloomberg) -- Natural gas is
burning again at Florida Power & Light Co.'s Putnam power plant in
Palatka.
Last winter, Florida's largest utility reconfigured the plant
to run on fuel oil instead of natural gas, a cleaner-burning fuel
that for years had been comparatively cheap. Last month, as gas
prices plunged to a 10-month low, the plant switched back to gas.
Florida Power & Light wasn't the only one. Many electric
utilities in the U.S. are able to burn both fuels, and several are
making the switch to gas, which is now cheaper than oil in some
regions. Companies such as Detroit Edison Co. had been burning oil
since the winter.
``It wasn't really until the early May timeframe, when gas
and oil prices crossed paths and gas became cheaper,'' that the
switch was made, said Gary Lapplander, the company's manager of
fuel supply. Michigan's largest electric utility had been running
its 780-megawatt Greenwood plant near Port Huron on oil since last
December.
Fears of winter shortages drove natural gas futures on the
New York Mercantile Exchange to a record $10.10 per million
British thermal units in late December, more than quadruple the
year-earlier price. This year, prices have fallen below $4, partly
because last year's rally caused so many generators and industrial
customers to seek alternate fuels, such as oil.
Saving Money
Fuel can account for more than 90 percent of a power plant's
operating costs, according to some estimates.
Mild weather across the U.S. this spring has reduced demand
for gas to heat homes and power air conditioners, while record
drilling in the past year has led to higher gas flows from U.S.
wells. Since late March, utilities have been pumping gas into
underground storage at almost three times last year's rate,
according to American Gas Association figures.
Fuel oil has a much different story. Prices for No. 6
residual fuel oil -- the grade most commonly burned in power
plants -- are linked to crude oil prices, which have climbed 4
percent this year.
The Organization of Petroleum Exporting Countries has cut
crude oil production twice this year after raising it four times
in 2000. And refiners have been sopping up supplies in recent
months to make gasoline for the summer driving season.
Natural gas prices at Chicago's distribution hub fell below
fuel oil prices during the week ended May 18, the first time it
was cheaper in almost seven months, according to Bloomberg
figures. Fuel oil prices in Chicago are little changed this year.
``It's really a factor of economics,'' said Carol Clawson, a
spokeswoman for Juno Beach, Florida-based FPL Group Inc., parent
of Florida Power & Light, which can switch about a quarter of its
power plants between gas and oil on a few hours' notice. ``We are
detecting gas prices coming down, and as that occurs, we are going
back to gas.''
Fear of a Rally
To be sure, some power-plant operators may be wary of
switching back to gas because of the chances for a rally this
summer, said Tim Evans, senior energy analyst at IFR Pegasus in
New York. As hot weather arrives, homeowners and businesses will
turn up their air conditioners, pushing electricity use higher and
lifting gas demand. Natural gas futures last summer rose 29
percent.
Adding to that demand, gas-fired power plants with about
25,000 megawatts of capacity are expected to start up this summer,
according to a U.S. Energy Department report published last month.
Last year, about 22,000 megawatts of new gas plants started up,
boosting total U.S. gas demand by 500 billion cubic feet, or 2.3
percent. A megawatt is enough to light 1,000 homes.
Other variables in the gas market include the extent of any
heat waves this summer, and whether hurricanes will enter the Gulf
of Mexico, disrupting operations at offshore rigs that account for
a quarter of U.S. production.
``People don't fully trust gas,'' Evans said. ``They're
wondering if it's going to remain the cheaper fuel, or if it's
just going to turn around and do to them what it did last
winter.''
Still Cheaper
Oil is still cheaper than gas in some regions. In the New
York City area, where utilities don't have to pay as much to get
oil delivered from tanker terminals in New York harbor, heavy fuel
oil costs $3.89 per million Btu, compared with $3.99 for natural
gas, according to Bloomberg figures.
Even so, the drop in gas prices has prompted Brooklyn, New
York-based Keyspan Energy Corp. to increase gas's share of its
total power generation to about 40 percent, said company spokesman
David Manning. That's up from about 3.5 percent at one point last
December.
Normally, almost all of the company's plants would be burning
gas at this time of year, Manning said. Keyspan produces power for
about 1.1 million customers on Long Island.
``We're right on the cusp'' of gas prices falling low enough
to switch the remainder of the company's generation away from oil,
he said. ``We would anticipate we will be running on gas even more
this summer, unless something dramatic happens with the weather.''
--Bradley Keoun in the New York newsroom (212) 318-2310 or at
[email protected] /wb
Story illustration: For a table comparing No. 6 residual fuel oil
prices in Chicago to wholesale natural gas prices at the Chicago
hub, see: {US06CHIC <Index> NAGANGPL <Index> HS3 <GO>}.
To compare natural gas futures prices on the New York Mercantile
Exchange with crude oil futures, see:
{NG1 <Cmdty> CL1 <Cmdty> HS2 <GO>}.
Company News:
FPL US <Equity> CN
KSE US <Equity> CN
NI GAS
NI OIL
NI NRG
NI RVU
NI FEA
NI WIN
NI US
NI NY
NI FL
NI ELC
NI UTI
NI TOP
_
-0- (BN ) Jun/02/2001 21:26 GMT |
-----Original Message-----
From: Schrab, Mark L.
Sent: Friday, October 19, 2001 12:03 PM
To: Donohoe, Tom
Subject: FW: Read this
> Thought you would find this of interest...
>
>
> >I'm a Bad American: Date: Fri, 29 Jun 2001
> >
> >Written by Ted Nugent, the rock singer and hunter/naturalists, upon
> >hearing that California Senators B. Boxer and D. Feinstein denounced
> >him for being a "gun owner" and a "Rock Star". This was his response
> >after telling the senators about his past contributions to children's
> >charities and scholarship foundations which have totaled more than
> >$13.7 million in the last 5 years!!
> >
> >~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> >
> >I'm a Bad American-this pretty much sums it up for me. I like big
> >trucks, big boats, big houses, and naturally, pretty women. I
> believe
> >the money I make belongs to me and my family, not some midlevel
> >governmental functionary with a bad comb-over who wants to give it
> away
>
> >to crack addicts squirting out babies. I don't care about appearing
> >compassionate. I think playing with toy guns doesn't make you a
> >killer. I believe ignoring your kids and giving them Prozac might. I
> >think I'm doing better than the homeless. I don't think being a
> >minority makes you noble or victimized. I have the right not to be
> >tolerant of others because they are different, weird or make me mad.
> >This is my life to live, and not necessarily up to others
> expectations.
>
> >I know what SEX is and there are not varying degrees of it.
> >
> >I don't celebrate Kwanzaa. But if you want to that's fine; I just
> >don't feel like everyone else should have to. I believe that if you
> >are selling me a Dairy Queen shake, a pack of cigarettes, or hotel
> room
>
> >you do it in English. As of matter of fact, if you are an American
> >citizen you should speak English. My uncles and forefathers
> shouldn't
> >have had to die in vain so you can leave the countries you were born
> in
>
> >to come disrespect ours, and make us bend to your will. Get over it.
> >
> >I think the cops have every right to shoot your sorry butt if you're
> >running from them after they tell you to stop. If you can't
> understand
>
> >the word 'freeze' or 'stop' in English, see the previous line. I
> don't
>
> >use the excuse "it's for the children" as a shield for unpopular
> >opinions or actions. I know how to count votes and I feel much safer
> >letting a machine with no political affiliation do a recount when
> >needed. I know what the definition of lying is, and it isn't based
> on
> >the word "is"-ever.
> >
> >I don't think just because you were not born in this country, you
> >qualify for any special loan programs, gov't sponsored bank loans,
> >etc., so you can open a hotel, 7-Eleven, trinket shop, or any thing
> >else, while the indigenous peoples can't get past a high school
> >education because they can't afford it. I didn't take the initiative
> >in inventing the Internet.
> >
> >I thought the Taco Bell dog was funny. I want them to bring back safe
> >and sane fireworks. I believe no one ever died because of something
> >Ozzy Osbourne, Ice-T or Marilyn Manson sang, but that doesn't mean I
> >want to listen to that junk from someone else's car when I'm stopped
> at
>
> >a red light. But I respect your right to.
> >
> >I think that being a student doesn't give you any more enlightenment
> >than working at Blockbuster or Jack In The Box. I don't want to eat
> or
>
> >drink anything with the words light, lite or fat-free on the package.
>
> Our soldiers did not go to some foreign country and risk their lives
> in
> vain and defend our Constitution so that decades later you can tell me
> it's a living document ever changing and is open to interpretation.
> The
> guys who wrote it were light years ahead of anyone today, and they
> meant
> what they said - now leave the document alone, or there's going to be
> trouble.
> >
> >I don't hate the rich. I help the poor. I know wrestling is fake.
> >I've never owned, or was a slave, and a large percentage of our
> >forefathers weren't wealthy enough to own one either. Please stop
> >blaming me because some prior white people were idiots - and
> remember,
> >tons of white, Indian, Chinese, and other races have been enslaved
> too
> >- it was wrong for every one of them.
>
> I believe a self-righteous liberal with a cause is more dangerous than
> a
> Hell's Angel with an attitude.
>
> I want to know exactly which church is it where the "Reverend" Jessie
> Jackson preaches; and, what exactly is his job function.
>
> I own a gun, you can own a gun, and any red blooded American should be
> allowed to own a gun, but if you use it in a crime, then you will
> serve
> the time.
> >
> >I think Bill Gates has every right to keep every penny he made and
> >continue to make more. If it makes you mad, then invent the next
> >operating system that's better and put your name on the building.
> Ask
> >your buddy that invented the Internet to help you.
>
> I don't believe in hate crime legislation. Even suggesting it makes
> me
> mad.
> You're telling me that someone who is a minority, gay, disabled,
> another nationality, or otherwise different from the mainstream of
> this
> country has more value as a human being that I do as a white male. If
> someone kills anyone, I'd say that it's a hate crime. We don't need
> more laws! Let's enforce the ones we already have.
> >
> >I think turkey bacon, turkey beef, turkey fake anything sucks.
>
> I believe that it doesn't take a village to raise a child-it takes a
> parent with the guts to stand up to the kid and spank his butt and say
> "NO!" whenit's necessary to do so.
>
> I'll admit that the only movie that ever made me cry was Ole Yeller. I
> didn't realize Dr. Seuss was a genius until I had a kid.
> >
> >I will not be frowned upon or be looked down upon or be made to keep
> >silent because I have these beliefs and opinions. I thought this
> >country allowed me that right. I will not conform or compromise just
> >to keep from hurting somebody's feelings. I'm neither angry nor
> >disenfranchised, no matter how desperately the mainstream media would
> >like the world to believe otherwise.
> >
> >Yes, I guess by some people's definition, I may be a bad American.
> But
>
> >that's tough!!
>
>
>
> _________________________________________________________________
> Get your FREE download of MSN Explorer at
> http://explorer.msn.com/intl.asp
>
>
> |
Dear Jeff,
Thought you'd be interested in seeing the wonderful e-mail response I
received from U.S. Air Force Major Ken Carey regarding your plans to
address the Washington, D.C. AMS in November. It just arrived late last
evening. This is really above and beyond the call of duty given all that is
on your plate and I can't adequetely thank you for agreeing to do it. I
really passed this on to you with some misgivings, knowing how often I get
requests for talks for which there is just no time---and you're hit with
15,000 times the number of inquiries that pass this desk. Thanks, again,
Jeff. You are certainly a hit in the meterological community and there is
much interest in what you have to say. I get such a kick out of my brother!
I continue to follow the whole California thing and all the news from
Enron via the various business news services. I still chuckle when I think
of our hikes with Willy to the Watchung Mountains and the various forts and
treehouses we contructed along the way from rejected scrap wood picked up at
construction sites and contrast all that to the lives we lead today. Who
would have thought?? You're doing a great job in a challenging environment
and I'm sorry to have added anything to an already busy work load with this.
But, I do thank you, Jeff!
Preparations are underway for Mark and Sukran's visit in September.
Our Sue tells me she's very nice! Look forward to meeting her.
Take care of yourself, Jeff!
Love, Tom
-----Original Message-----
From: Skilling, Tom
Sent: Friday, July 27, 2001 1:26 PM
To: 'Carey, Kenneth, Maj, AFSAA/SAFM'
Subject: RE: Enron Guest Speaker
Ken,
I'm absolutely delighted to hear this! You are kind to share the news. I
know Jeff's incredibly busy but am thrilled at his plans to join you. I'd
love to be there to hear his presentation myself. I understand that what he
and his colleagues in Houston have done is really something and it should
make for an fascinating evening. Adding Larry Heitkemper is a coup as well.
Much success with the program and congratulations on the effort you so
graciously put forth to put together a series of really outstanding programs
for the AMS Washington, D.C. chapter, Ken!
Your kind invitation to visit one of your chapter meetings is noted and
appreciated. Things really hop here and I don't often get out that way.
But, I will definitely keep it in mind and can't thank you enough for the
offer.
All the very best to you, Ken, and I do hope to see you again sometime
in the future! Have a great 2001-2002 season of meetings!
To: Skilling, Tom
Subject: RE: Enron Guest Speaker
Tom
It looks like we have a tentative meeting with your brother Jeff as our
guest speaker on Friday, November 9th. Thanks very much for helping us get
Jeff as our guest! I sure didn't expect to get the Enron President and CEO!
In addition, Larry Heitkemper from Earth Satellite Corporation in Rockville,
Maryland, who works closely with Enron, has also agreed to be our guest. It
should be an outstanding time had by all!
You'd better promise me that if you have any plans to come to Washington DC
that you let me know so we might have you over for dinner, or at least share
a cup of coffee. We'd love for you to join us at a DC AMS Chapter meeting.
Take care, let's try to keep in touch, and I wish you very sincerely the
best of luck in your personal and professional endeavors.
Ken
Ken--
How nice to hear from you and thanks for the picture! I do indeed
remember meeting you (sending the picture was a great idea and helped jog my
failing memory!). Your words are very kind and I thank you sincerely.
Let me put a call into my brother Jeff down at Enron and see if there
might be a way they can respond. It's a fabulous idea for a talk and I know
that Jeff's group in Houston are extremely active in this area. Will get
back to you with whatever information I can put together.
Much success to you as well, Ken! It's interesting you've written today
for we've just received word here that one of my most recent interns, having
achieved his meteorological degree at Valparaiso University, has just
officially joined the Air Force, a lifelong ambition and dream come true.
Another of my former interns intends to do the same.
All the very best, Ken! I'll get back to you.
Tom
-----Original Message-----
From: ASKTOMWHY
Sent: Thursday, July 05, 2001 4:11 PM
To: Skilling, Tom
Subject: FW: Enron Guest Speaker
-----Original Message-----
From: Carey, Kenneth, Maj, AFSAA/SAFM
[mailto:[email protected]]
Sent: Thursday, July 05, 2001 10:35 AM
To: ASKTOMWHY
Subject: Enron Guest Speaker
Tom
Hello from our Nation's Capital! You and I met at the AMS Annual Meeting in
San Diego in 1999 (see attached picture of you and I!). You're very well
known and I applaud all of the good things you're doing for both your
Chicago and national viewers, weather-wise, but, more importantly, your
tremendous and positive community involvement!
<<Tom Skilling.bmp>>
As a chapter officer with the District of Columbia Chapter of the American
Meteorological Society (DC AMS), I want to get the very best speakers with
inspiring, entertaining, and thought-provoking topics for our chapter
membership. I can't think of anything much more exciting in our profession
than that of weather derivatives, and the products and services for our
energy and agricultural sector that is a booming part of our field.
I'd like to get someone from Enron to speak at one of our chapter meetings.
I understand you may have an inside track to Enron and I wanted to inquire
if you could help us get an appropriate person to talk to our chapter about
weather for their business ventures. I'd like to also get someone from the
weather provider perspectives, like a company like EarthSat Corp, so we
could get a better understanding of both the weather provider and customer
perspectives.
I look forward to hearing from you and best of luck with your future
professional and personal endeavors!
Best Regards,
Ken
Kenneth Carey, Major, US Air Force
Vice Chairman, District of Columbia AMS Chapter
(703) 588-8628
Fax: (703) 588-0220
[email protected] |
Mark,
Inasmuch as you expect to close the 3rd 1/3rd of the "Preston" deal later
today, Susan Pereira has confirmed that the East Desk will pay TGT index plus
$0.005 for this package as described below:
a. 35 month term commencing 2/1/2001 and ending 12/31/2003
b. firm purchase and firm transport for 90% of the wellhead volume, starting
at 90% of 5,783 per day and declining
c. gas daily purchase and interruptible transport for the remaining 10% of
the wellhead volume
Enron Upstream will keep the desk financially whole should volumes for the
90% firm component fail to show up on any given day of the 35 month term
The ENA Wellhead Desk will pay you TGT index plus $0.0025
George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 01/17/2001
10:22 AM ---------------------------
Enron North America Corp.
From: George Weissman 12/29/2000 08:31 AM
To: Lia Halstead/NA/Enron@ENRON
cc: Gary Bryan/HOU/ECT@ECT, Eric Moon/HOU/ECT@ECT, John
Griffith/Corp/Enron@Enron, Eric Wardle/HOU/ECT@ECT, Linda
Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, William Kelly/HOU/ECT@ECT,
Robert Crockett/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA
Lia, Jay Hartman (281.367.8697) has verbally advised us that the SL 14521 #1
well will be shut-in for a short period and has therefore requested that we
reduce the existing nomination for 01/2001 at TGT meter 9502 on sitara deal
540814 from 316 Mmbtu/d (13% of 2,434 Mmbtu/d) to 0. You indicated you will
reduce the nomination to 0 for the entire month; we will notify you once
production re-commences and the nomination should be re-entered at its
previous level.
Jill, this gas was purchased from Hunt in December by the East Desk, so no
Wellhead Desk changes are required for this month.
George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 12/29/2000
08:11 AM ---------------------------
Enron North America Corp.
From: George Weissman 12/28/2000 05:58 PM
To: Samuel Schott/HOU/ECT@ECT
cc: Melissa Graves/HOU/ECT@ECT, Lia Halstead/NA/Enron@ENRON, Gary
Bryan/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA
Sam, the counterparty record for St. Mary's Production LLC (BA 88272) does
not include a DnB status. It is my understanding that our East Desk cannot
schedule St. Mary's gas without a DnB number. Could you please have a DnB
number established for St. Mary's Production LLC? Thanks.
Due to the holidays, I sent a copy of this note to both Mary and Jason.
George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 12/28/2000
05:44 PM ---------------------------
Enron North America Corp.
From: George Weissman 12/27/2000 08:17 AM
To: Judy Townsend/HOU/ECT@ECT
cc: Susan W Pereira/HOU/ECT@ECT, Gary Bryan/HOU/ECT@ECT, Eric
Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron, Eric Wardle/HOU/ECT@ECT,
Linda Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Lia Halstead/NA/Enron@ENRON,
William Kelly/HOU/ECT@ECT, Robert Crockett/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA
Judy,
Confirming our telephone conversation of this morning, please convert the gas
daily volume of 1,157 Mmbtu/d for 1/2001 on ticket 541140 (intra-desk) to an
increased volume of 2,434 Mmbtu/d for 1/2001 at Index plus $0.005.
With respect to the Wellhead Desk/St. Mary's ticket, please also convert the
gas daily volume of 1,157 Mmbtu/d for 1/2001 on ticket 540814 to an increased
volume of 2,434 Mmbtu/d for 1/2001 at Index plus $0.0025.
Currently, the volumes are split 50-50 between meters 9437 and 9502. We
actually expect 87% of the volume at meter 9437 and 13% of the voume at meter
9502.
George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 12/27/2000
07:59 AM ---------------------------
Enron North America Corp.
From: George Weissman 12/20/2000 09:01 AM
To: Eric Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron
cc: Gary Bryan/HOU/ECT@ECT, Eric Wardle/HOU/ECT@ECT, Linda
Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Lia Halstead/NA/Enron@ENRON,
William Kelly/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA
Eric (Moon) and John, attached are the tickets for the physical part of the
Preston VPP deal. Please work with Will Kelly to have them entered into
Sitara and provide me with the deal numbers.
Eric (Wardle), we'll need to get contract numbers established for the
Counterparty Firm Agreement (ECT Merchant Investments) and the Counterparty
Spot Agreement (St. Mary's Production LLC). Have either of these agreements
yet been executed? If not, should we generate a spot gtc for the St. Mary's
spot production?
George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 12/20/2000
08:31 AM ---------------------------
Enron North America Corp.
From: George Weissman 12/19/2000 08:03 AM
To: Eric Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron
cc: Gary Bryan/HOU/ECT@ECT, Eric Wardle/HOU/ECT@ECT, Linda
Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA
Eric & John
ECT Merchant Investments Corp. has entered into a Volumetric Production
Payment agreement with St. Mary's Production LLC which provides for the
dedication of St. Mary's non-operated gas production from the Hunt Oil
Company operated Myette Point Northwest Field. ECT Merchant Investments
Corp. has arranged for the Enron North America Upstream Wellhead Desk to
manage the sale, nomination and transport of this production.
Could you please get us a quote to purchase this wellhead gas on a firm basis
based on the following:
a. 30 month term commencing 1/1/2001 and ending 6/30/2003
b. firm purchase and firm transport for 90% of the wellhead volume, starting
at 90% of 11,567 per day and declining as defined on the last tab labelled
"Volume" on the spreadsheet attached
c. gas daily purchase and interruptible transport for the remaining 10% of
the wellhead volume
Enron Upstream will keep the desk financially whole should volumes for the
90% firm component fail to show up on any given day of the 18 month term
Drafts of proposed Deal Tickets are attached.
George x3-6992 |
----- Forwarded by Brian Hoskins/Enron Communications on 11/10/00 03:26 PM
-----
Kori Loibl@ECT
11/10/00 03:09 PM
To: Stephanie Sever/HOU/ECT@ECT, Alicia Perkins/HOU/EES@EES, Beau
Ratliff/HOU/EES@EES, Scott Pleus/Enron Communications@Enron Communications,
Michael Nguyen/HOU/ECT@ECT, Don Baughman/HOU/ECT@ECT, Brian Hoskins/Enron
Communications@Enron Communications
cc:
Subject: FW: bad santa
---------------------- Forwarded by Kori Loibl/HOU/ECT on 11/10/2000 03:05 PM
---------------------------
This Santa is cold blooded!!!
>
>
>
> >> > Subject: bad santa
> > >
> > >
> > > > > > WHEN SANTA RUNS OUT OF PROZAC
> > > > > >
> > > > > > Dear Santa,
> > > > > > I've written you for three years now
> >asking
> > > > > > for a fire truck .
> > > > > > Please, I really really want a fire truck
> >this year!
> > > > > > Love, Kenny
> > > > > >
> > > > > > Dear Kenny,
> > > > > > Let me make it up to you. Christmas
> >Eve,
> > > > > > while you sleep, I'm gonna
> > > > > > torch your house. You'll have more fire
> >trucks than
> > > > > > you'll know what to do
> > > > > > with.
> > > > > >
> > > > > > Santa
> > > > > >
> > > > >
> >**********************************************************************
> > > > > > Dear Santa,
> > > > > > I don't know if you can do this,
> >but for
> > > > > > Christmas, I'd like for my
> > > > > > mommy and daddy to get back together. Please
> >see
> > > > > > what you can do.
> > > > > > Love, Teddy
> > > > > >
> > > > > > Dear Teddy,
> > > > > > What, and ruin that hot affair your
> >dad's
> > > > > > still having with the
> > > > > > baby-sitter? He's banging her like a screen
> >door in
> > > > > > a hurricane, son! Let me
> > > > > > get you some nice Lego's instead.
> > > > > >
> > > > > > Santa
> > > > > >
> > > > >
> >**********************************************************************
> > > > > > Dear Santa,
> > > > > > I left milk and cookies for you
> >under the
> > > > > > tree, and I left carrots
> > > > > > for your reindeer outside the backdoor.
> > > > > > Love, Susan
> > > > > >
> > > > > > Dear Susan,
> > > > > > Milk gives me the shits and carrots
> >make the
> > > > > > deer fart in my face.
> > > > > > You want to be a kiss-ass? Leave me a glass
> >of
> > > > > > Chivas Regal and a nice Cuban
> > > > > > cigar.
> > > > > >
> > > > > > Santa
> > > > > >
> > > > >
> >**********************************************************************
> > > > > > Dear Santa,
> > > > > > I really really want a puppy this
> >year.
> > > > > > Please please please.
> > > > > > PLEASE, Jimmy
> > > > > >
> > > > > > Jimmy,
> > > > > > That whiney-begging shit may work
> >with your
> > > > > > folks, but that crap
> > > > > > don't work up here. You're getting another
> >sweater.
> > > > > >
> > > > > > Santa
> > > > > >
> > > > >
> >**********************************************************************
> > > > > > Dear Santa,
> > > > > > What do you do the other 364 days of the
> >year?
> > > > > > Are you making toys?
> > > > > > Your friend, Thomas
> > > > > >
> > > > > > Dear Thomas,
> > > > > > All toys get made in China. I have a
> >condo
> > > > > > in Vegas, where I spend
> > > > > > most my time squeezing cocktail waitress'
> >asses, and
> > > > > > losing all my cash at
> > > > > > the craps table. Hey, YOU wanted to know!
> > > > > >
> > > > > > Santa
> > > > > >
> > > > >
> >**********************************************************************
> > > > > > Dear Santa,
> > > > > > I wud like a kool toy space ranjur
> >for Xmas.
> > > > > > Iv ben a good boy all
> > > > > > yeer.
> > > > > > YeR FReND, BiLLy
> > > > > >
> > > > > > Dear Billy,
> > > > > > Nice spelling. You're on your way to
> >being a
> > > > > > career lawncare
> > > > > > specialist. How 'bout I send you a book so
> >you can
> > > > > > learn to read and write?
> > > > > > I'm giving your older brother the space
> >ranger, at
> > > > > > least HE can spell!
> > > > > >
> > > > > > Santa
> > > > > >
> > > > >
> >*********************************************************************
> > > > > > Dear Santa,
> > > > > > I have been a good girl all year,
> >and the
> > > > > > only thing I ask for is
> > > > > > peace and joy in the world for everybody!
> > > > > > Love, Sarah
> > > > > >
> > > > > > Dear Sarah,
> > > > > > Your parents smoked pot when they
> >had you,
> > > > > > didn't they?
> > > > > >
> > > > > > Santa
> > > > > >
> > > > >
> >*********************************************************************
> > > > > > Dear Santa,
> > > > > > I need more Pokemon cards please! All my
> >friends
> > > > > > have more Pokemon cards
> > > > > > than me. Please see what you can do.
> > > > > > Love, Michelle
> > > > > >
> > > > > > Dear Michelle,
> > > > > > It blows my mind. Kids are forcing
> >their
> > > > > > parents to buy hundreds of
> > > > > > dollars worth of these stupid cards, and
> >none of you
> > > > > > snot-nosed brats are
> > > > > > even learning to play the game. Let me get
> >you
> > > > > > something more your
> > > > > > speed, like "Chutes and Ladders."
> > > > > > Santa
> > > > > >
> > > > >
> >*********************************************************************
> > > > > > Dear Santa,
> > > > > > I want a new bike, playstation, a
> >train,
> > > > > > some G.I. Joes, a dog, a
> > > > > > drum kit, a pony and a tuba.
> > > > > > Love,Francis
> > > > > >
> > > > > > Dear Francis,
> > > > > > Who in the hell names their kid "Francis"
> >nowadays?
> > > > > > Santa
> > > > > >
> > > > >
> >*********************************************************************
> > > > > > Dear Santa,
> > > > > > Do you see us when we're sleeping,
> >do you
> > > > > > really know when we're
> > > > > > awake, like in the song?
> > > > > > Love, Jessica
> > > > > >
> > > > > > Dear Jessica,
> > > > > > You are that gullible? Good luck in
> > > > > > whatever you do, I'm skipping
> > > > > > your house.
> > > > > > Santa
> > > > > >
> > > > >
> >*********************************************************************
> > > > > > Dear Santa,
> > > > > > We don't have a chimney in our
> >house, how do
> > > > > > you get into our home?
> > > > > > Love, Marky
> > > > > >
> > > > > > Mark,
> > > > > > First, stop calling yourself
> >"Marky";
> > > > > > that's why you're getting
> > > > > > your ass kicked at school. Secondly, you
> >don't live
> > > > > > in a house, that's a
> > > > > > low-rent apartment complex you're living in.
> > > > > > Thirdly, I get inside your pad
> > > > > > just like all the burglars do, through your
> >bedroom
> > > > > > window.
> > > > > >
> > > > > > Sweet Dreams!
> > > > > > Santa
> >
> |
I am ok with your slate, but need some Houston people on board as well. I
think we can shorten the Houston list by taking me off since John Novak will
be on the board. I leave it to Bruce to see if it makes sense to shorten the
list further. Mark
Orlando Gonzalez@ENRON
03/27/2001 01:51 PM
To: Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark E
Haedicke/HOU/ECT@ECT
cc:
Subject: Re: Enron Global Assets Board Slates
Did you get a chance to review the Elektro board make up. I would like to
finalize before the next ordinary shareholder meeting in Brazil. Thanks
---------------
See attached regarding Elektro's board membership. We would suggest that the
board slate be made up of Brazil residents in order to facilitate the
necessary meetings. I would like to include Joe Kishkill, John Novak, Brett
Wiggs, Britaldo Soares and Joao Carlos Albuquerque, all members of our
executive committee to substitute Rick Waddell, Diomedes, Jim Bannantine, and
Rick Lammers. If you agree, I will talk to Rebecca to finalize. Thanks
---------------------- Forwarded by Orlando Gonzalez/SA/Enron on 03/06/2001
05:17 PM ---------------------------
Orlando Gonzalez
02/04/2001 10:35 PM
To: Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: James A Hughes/ENRON_DEVELOPMENT, Rebecca McDonald/ENRON_DEVELOPMENT,
Jeffrey E Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peter E
Weidler/NA/Enron@Enron
Subject: Re: Enron Global Assets Board Slates
Bruce, This solution does not work for Brazilian entities for legal
reasons. I will send a summary of the current situation and a proposal to
resolve. We can discuss during your visit. Thanks
Bruce Lundstrom@ENRON_DEVELOPMENT
31/01/2001 19:26
To: Mariella Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peter E
Weidler/NA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Christopher B
Hunt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
Gilchrist/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Schroeder/LON/ECT@ECT,
Richard Shapiro@Enron, Carol Howes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Shields/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Isabel
Romero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Yvette Pinero/NA/Enron@Enron, Ann
Brown/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wendi
Hoelscher/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mrudula
Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rejane
Pansiera/SA/Enron@Enron, Eduardo Robles/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Carla Galvan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sonnia
Reyes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Leigh Ann Van
Houten/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lauren
Hagerty/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Darlene
McKeever/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry
Pardue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tami
Scrudder/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Denise
Almoina/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Enron Global Assets Board Slates
Folks -
The Legal Specialists in EGA are working up new director/officer slates for
the EGA entities. We will be appointing the following list of directors for
EGA entities:
Rebecca McDonald
Jim Hughes
Jeff Sommers
Jim Derrick
Mark Haedicke
There will be some exceptions to this slate, particularly where local law or
the necessity of regular board attendance requires additional (or even
different) directors to be appointed. These will be considered on a
case-by-case basis. Allow the Legal Specialists the opportunity to come up
with their tentative slates and then we will give them to the regional heads
for comment.
Some of you will be asked to resign your current directorships. I hope that
no one will take offense to the fact of of the changed slates -- none is
intended. We have found that this common slate has made corporate governance
more efficient and less complicated.
Thank you for your cooperation. Please pass this message along to others in
your respective groups as you deem necessary.
Bruce
---------------------- Forwarded by Orlando Gonzalez/SA/Enron on 03/06/2001
05:17 PM ---------------------------
"Vasco de Castro Ferraz Junior" <[email protected]> on 02/23/2001
06:14:14 PM
To: [email protected]
cc: [email protected]
Subject: Re: Board Members
To be elected as a Board member a person must be a shareholder of the Company
(normally one share is transferred to such member) and tehre is no more the
requirement of the Brazilian residency.
There is no other mandatory requirements.
However one has to have in mind that from a practical point of view it is
not viable to have only non residents at the Board (frequent trips to Brazil,
less flexibility on timing to pass resolutions about ugent matters etc)
Ideally at least trhee shoul be resident in Brazil (present minum quorum to
held a Board Meeting.)
Vasco.
>>> <[email protected]> 2/4/01 11:39:09 pm >>>
Vasco What are the residency requirements for board membership? Are
there other specific requirements? I would like to send a proposal this
week. Thanks
"Vasco de Castro Ferraz Junior" <[email protected]> on 30/01/2001
12:53:03
To: [email protected]
cc:
Subject: Board Members
Orlando:
As per your request, please find bellow the names of all of the present
members of Elektro's Board.
Firstly is to be mentioned that according to Elektro's By Laws, the Board may
have a minimum of 4 and a
maximum of 7 permanent members (one obligatorily must be elected by
appointment of Elektros' employees) and a minimum of 2 and a maximum of 4
alternates (one obligatorily to act solely as alternate to the employees'
representative at the Board)
Permanent members:
Diomedes Christodoulou (President)
Orlando Goanz?lez
Ricky Linn Waddell
Geraldo Gon?alves Pereira (elected by appointment of Elektro's employees)
Vacant (3)
Alternate members:
James Martin Bannantine
Richard Allan Lammers
Ricardo Louren?o Carneiro (alternate to Geraldo Gon?alves)
Vacant (3)
The election and/or dismissal of the Board members has to be decided by the
shareholders of the company.
Normally the election o the Board members takes place at the annual
Ordinary Shareholder's meeting. (This year, our OGM is scheduled to take
place on April, 29th.)
However this matter can also be decided at any time via an Extraordinary
Shareholder's Meeting that has to be called trough a Board Resolution
that has to be publicized at the Official Gazette no later than 8 days
prior to date of such EGM.
Should the present number of the Board members be maintained (i.e 4
permanent and 3 alternates), the election of new members (from our side)
will have to be made upon the resignation of those presently on seat.
Should you deem necessary, please call me at your earliest convenience.
Least but nol east As I vave mentined to you the other day, it is quite
normal to appoint the senior legal council as an alternate to the permanent
members of the Board so that he may legally be present at all the board
meetings |
----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:22 PM -----
James D Steffes
02/26/2001 08:52 AM
To: Alan Comnes/PDX/ECT@ECT, Chris H Foster/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Cynthia
Sandherr/Corp/Enron@ENRON, Dan Leff/HOU/EES@EES, David W
Delainey/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES,
Elizabeth Sager/HOU/ECT@ECT, Elizabeth Tilney/HOU/EES@EES, Eric
Thode/Corp/Enron@ENRON, Gordon Savage/HOU/EES@EES, Greg Wolfe/HOU/ECT@ECT,
Harry Kingerski/NA/Enron@Enron, Jubran Whalan/HOU/EES@EES, Jeff
Dasovich/NA/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathryn
Corbally/Corp/Enron@ENRON, Keith Holst/HOU/ECT@ect, Kristin
Walsh/HOU/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Louise Kitchen/HOU/ECT@ECT, Marcia A
Linton/NA/Enron@Enron, Mary Schoen/NA/Enron@Enron, [email protected], Mark
Palmer/Corp/Enron@ENRON, Marty Sunde/HOU/EES@EES, Mary Hain/HOU/ECT@ECT,
Michael Tribolet/Corp/Enron@Enron, Mike D Smith/HOU/EES@EES, Mike
Grigsby/HOU/ECT@ECT, Neil Bresnan/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Rebecca W
Cantrell/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Rob Bradley/Corp/Enron@ENRON, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Frank/NA/Enron@Enron,
Robert Frank/NA/Enron@Enron, Robert Johnston/HOU/ECT@ECT, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandra
McCubbin/NA/Enron@Enron, Scott Stoness/HOU/EES@EES, Shelley
Corman/Enron@EnronXGate, Steve C Hall/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT,
Steven J Kean/NA/Enron@Enron, Susan J Mara/NA/Enron, Tim Belden/HOU/ECT@ECT,
Tom Briggs/NA/Enron@Enron, Travis McCullough/HOU/ECT@ECT, Vance
Meyer/NA/Enron@ENRON, Vicki Sharp/HOU/EES@EES, Wendy Conwell/NA/Enron@ENRON,
William S Bradford/HOU/ECT@ECT
cc:
Subject: CA Supply Realities
For those that have not seen this analysis, attached please find a note from
Mary Schoen detailing the serious physical shortage problems that may occur
this Summer in CA.
Jim
----- Forwarded by James D Steffes/NA/Enron on 02/26/2001 08:51 AM -----
Mary Schoen
02/22/2001 02:55 PM
To: Neil Bresnan/HOU/EES@EES, Alan Comnes/PDX/ECT@ECT, Jubran
Whalan/HOU/EES@EES, Kristin Walsh/HOU/ECT@ECT, Clayton Seigle/HOU/ECT@ECT,
Jeffrey Keeler/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Janel
Guerrero/Corp/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT
cc:
Subject: CA Supply Realities
Attached is a memo comparing the CEC's forecasted supply and a more realistic
look at what additional resources might be available this summer.
The bottom line is that:
1. The CEC significantly underestimates the outages that may occur this
summer. They estimate in their 5,000 MW supply deficit for the summer that
expected outages will be around 3,000MW. However, November and December saw
significantly higher outage levels. (7,265 MWs) The FERC has investigated
these outages and found no improprieties- just that the plants are overtaxed
from running at higher than normal capacities.
2. There are a lot of uncertainties surrounding the 1,244 MWs of projected
supply from rerating/restarting existing thermal and renewable projects. It
is very unclear how much of this will be able to come on line by this summer,
if at all. As evidenced by the e-mail I sent out this morning, local
communities may be very opposed to restarting shut down units. In addition,
these units are likely to be uneconomical.
3. In the existing resource pool, there are roughly 1,430 MWs of peaking or
other generation units that are running up against their operating hour
limitations from air quality regulations. The Governor has ordered the local
air quality districts to address these restrictions, We are beginning to
seem some movement; however, the US EPA has yet to weigh in on these relaxed
standards.
4. The distributed generation/back-up generation capacity to make up some of
the shortfall is still an unknown. While there has been some relaxing of the
limitations on run hours for back-up generation at "essential public
services" the increase in DG is expected from "clean" sources, not diesel
emergency generators.
5. The CEC is doing everything it can to get 50+ MW peaking units on-line by
this summer. They are promising a 21-day permit application approval process
and are offering to pay half of the cost of offsets, for "clean" sources of
generation in critical areas.
Please let me know if you have any questions or need additional information.
CEC's Summer Forecasted Peak Demand - Resource Balance:
List of Peakers running into their operating hour limitations:
Also available in hard copy format only:
(please e-mail me your fax number if you'd like a copy)
Table 1: Fully Executed CA ISO Summer Reliability Agreements (the ISO
Peaking Facilities)
Table 2: Summer 2001 Supply Options - Renewables Construction Status Summary
Table 3: Summer 2001 Supply Options - Rerate of Non-CEC Projects
Table 4: Summer 2001 Supply Options - CEC Rerate Status Summary
Table 5: Idle Biomass Plants Potentially Capable of Restart
Mary Schoen
Environmental Strategies
Enron Corp
713-345-7422 |
- http://www.financewise.com/risk
============================================================
RiskBrief issue 4
From FinanceWise: the only dedicated financial search engine
============================================================
22 March 2000
Dear RiskBrief subscribers
The fourth edition is here, and this month's theme is weather.
Weather derivatives is increasingly a hot topic on the web at the
moment. Four sites have been launched in the last three months,
including tradeweather.com, weather-risk.com and WeatherRiskAdvisory.com.
Along with the weather trading site from Liffe (I-WeX.com),
launched in January, and the introduction last September of
weather futures on the Chicago Mercantile Exchange (CME), there is
something of a rush on.
To provide you with an online resource to weather risk, we have
an introductory guide, two site reviews, 22 articles and an
exclusive book offer.
http://www.tradeweather.com (see site reviews)
http://www.weather-risk.com (see site reviews)
http://www.WeatherRiskAdvisory.com
http://www.i-wex.com
http://www.cme.com/news/weather921.html
How fast will the weather derivatives market grow? Will there be
enough liquidity? Let us know what you think.
In the meantime, please enjoy the rest of this month's issue,
with 14 articles on currency trading, e-trading, and news of conferences,
jobs and more.
Regards
Rob Minto
Producer, FinanceWise
[email protected]
Before you forget, why not forward this e-mail to a
colleague / friend now, who might find our coverage of
risk management on the web a useful resource?
CONTENTS:
==============================
>> Weather risk guide
>> Site reviews
>> Articles and features: weather risk, e-trading, currency trading
>> New #1 site
>> Book special offer: Insurance and Weather Risk
>> Conferences & training
>> New jobs
Please view the newsletter online and get the full story:
http://www.financewise.com/cgi-bin/l/lrrpre?P=/l/riskbrief1unreg.htm
This month's sponsor:
==============================
CREDIT:
The new forum for international credit markets.
With its mix of news, features, data and technical articles,
credit magazine is a vital source of information for all investors,
issuers and market professionals operating in the global
credit markets.
SUBSCRIBE BEFORE APRIL TO CLAIM A 40% DISCOUNT
http://www.creditmag.com
WEATHER RISK GUIDES:
==============================
Introduction to weather derivatives from the CME. A market history,
plus a discussion of pricing and analyzing weather contracts.
http://www.cme.com/weather/introweather.html
An overview article from James Roemer of the WeatherRisk Institute.
http://www.investaweather.com/commo/roemers_theory.htm
Bob Dischel's site on weather derivatives, with articles, links and
seminar details.
http://www.wxpx.com
For further links to weather derivatives online see the html version:
http://www.financewise.com/cgi-bin/l/lrrpre?P=/l/riskbrief1unreg.htm
SITE REVIEWS:
==============================
Who is doing what on the web? A double helping of site reviews this month:
-New bond trading site from JP Morgan Bear Stearns, Chase
Manhattan and Moneyline
-Weather derivatives trading & info: Enron's weather-risk.com
& Tradeweather.com
-Foreign-exchange trading from Financial Market Solutions
-The French Tr,sor site covering sovereign bond issues
-Algorithmic's risk management methodology - 'mark-to-future'
-Rent applications and analytical tools from Cygnifi, a new web
offering from JP Morgan, Bridge & Sybase
-Revamped Inventure.com site - provider of data & analytics
-Keep up to date on new-issue markets with S&P's new site
http://www.financewise.com/cgi-bin/l/lrrpre?P=/l/riskbrief1unreg.htm
ARTICLES & FEATURES:
==============================
14 new articles and features have been added to the FinanceWise
Risk Management Special Report. The new supplements are:
-Electronic Trading
-Currency Risk
Continuing our theme of weather, we also have two editions of
weather risk. These 22 articles include glossaries and technical
articles on data and forecasting, options pricing, emissions
trading and weather-linked bonds.
http://www.financewise.com/cgi-bin/l/lrrpre?P=/l/riskbrief1unreg.htm
#1 SITE
==============================
The new #1 site on FinanceWise is the Picture of Risk site
from Risk Metrics, displacing Finmath.com (triple #1 award winner)
as the most visited site in February. Click below to view the
latest rankings
http://www.financewise.com/rankings
BOOK SPECIAL OFFER: EXCLUSIVE
==============================
And completing our weather coverage for this month, there is a
10% discount available exclusive to RiskBrief subscribers on:
"Insurance and Weather Derivatives
From Exotic Options to Exotic Underlyings"
For further details and information see:
http://www.financewise.com/cgi-bin/l/lrrpre?P=/l/riskbrief1unreg.htm
There are other special offers available on the Risk Books site:
http://www.riskbooks.com
CONFERENCES & TRAINING
==============================
Full details are now online for Risk 2000. Risk's 6th annual US
derivatives and risk management congress will be held in Boston
on June 13 & 14. Keynote speakers: Myron Scholes and Jeffrey Skilling.
http://www.riskpublications.com/risk2000us
JOBS
==============================
This month, the search term "Jobs" has moved up to 5th position in the
FinanceWise rankings.
http://www.financewise.com/rankings
If you were one of those searching for "jobs", don't forget our own
job search section. It currently holds 46 treasury and risk management, a
record 29 additions since the last Brief.
Visit the job search and select the job category
"Finance: Treasury and Risk Mgmt".
http://www.financewise.com/jobs
* * *
Also:
==============================
Please e-mail us if there is anything you would like to see
in this newsletter, or any questions that you would like
addressed. RiskBrief now reaches over 1200 subscribers
worldwide. So if you have something interesting to say, or
an opinion to share with all your fellow subscribers send
your comments to:
[email protected]
P.s. Also suggest sites for us to review / index
If this has been forwarded to you, please subscribe to
receive your own copy at:
http://www.financewise.com/cgi-bin/l/lrrpre?P=/l/riskbrief1unreg.htm
Are you registered with FinanceWise? If not, please click:
http://www.financewise.com
You will then have the full functionality of the site.
If you have any problems with this newsletter, please
contact me:
[email protected]
______________________________________________________________________
To unsubscribe, write to [email protected]
______________________________________________________________________
To unsubscribe, write to [email protected] |
Can we get any traction in supporting this? The premise is obviously
preaching to the choir, and we (as I am sure others do as well) have a string
of proposals starting with SDGEs in May or June that, if we melded their
timing and their prices into the attached timeline would be very damaging to
thinking people. However, are people really thinking, or has Davis and the
reporters tainted the waters too badly? What would be the result that we
would like to get from such an exposee? Do we really think that we could get
some sympathy for returning to a market based structure? Or, would we be
like the irritating kid who keeps saying "I told you so", so it does not
matter if he was right or not? Are there any legal issues in revealing the
prices? Does doing this through IEP help? (Note that the addition of prices
could not be done, I do not think, without naming companies, so we would be
there, partially revealed.)
My vote: if it does not hurt us (competitively, PR, etc.), if it is legal,
and especially if it can help make even a small amout of progress towards a
market based structure, I would do it. Of course, we could not go anymore to
restaurants near the CPUC......
I am out of town for the rest of the week, so I will leave the decision to
you guys. Whatever you decide, is OK.
PS - At the very least, we should feed our own proposals and their prices
into this timeline. Privately, we could show it to various parties on a case
by case basis to advance our cause. Just think about it... what if SDGE had
accepted our (and others) May/June proposals for 5.5 cents.....?)
----- Forwarded by David Parquet/SF/ECT on 04/24/2001 04:59 PM -----
Jean Munoz <[email protected]>
04/24/2001 12:56 PM
To: "'Andy Brown (E-mail)'" <[email protected]>, "'B Brown Andy (E-mail)'"
<[email protected]>, "'Baker Carolyn (E-mail)'"
<[email protected]>, "'Bob Escalante (E-mail)'"
<[email protected]>, "'Bob Weisenmiller (E-mail)'"
<[email protected]>, "'Curtis Kebler (E-mail)'"
<[email protected]>, "Dean. Nistetter (E-mail)"
<[email protected]>, "'Douglas Kerner (E-mail)'" <[email protected]>,
"'Greg Blue (E-mail)'" <[email protected]>, "'Jan Smutny-Jones (E-mail)'"
<[email protected]>, "'Jeff Dasovich (E-mail)'" <[email protected]>,
"'Joe Ronan (E-mail)'" <[email protected]>, "'John Larrea (E-mail)'"
<[email protected]>, "'Julee Malinowski-Ball (E-mail)'"
<[email protected]>, "'Kassandra Gough (E-mail)'" <[email protected]>, "'kent
Palmerton (E-mail)'" <[email protected]>, "'Lynn Lednicky
(E-mail)'" <[email protected]>, "Marie Moretti (E-mail 2)"
<[email protected]>, "'Marty Wilson (E-mail)'"
<[email protected]>, "'McNally Ray (E-mail)'"
<[email protected]>, "''Nam Nguyen' (E-mail)'"
<[email protected]>, "'Norton Kelli (E-mail)'"
<[email protected]>, "'Paula Hall-Collins (E-mail)'"
<[email protected]>, "'Pigott Jack (E-mail)'"
<[email protected]>, "'Richard Hyde (E-mail)'" <[email protected]>,
"'Roger Pelote (E-mail)'" <[email protected]>, "'Stephanie-Newell
(E-mail)'" <[email protected]>, "'Sue Mara (E-mail)'"
<[email protected]>, "'Tom Ross (E-mail)'" <[email protected]>, "Tom
Williams (E-mail)" <[email protected]>, "'Alex Sugaoka (E-mail)'"
<[email protected]>, "'Bill Carlson (E-mail)'"
<[email protected]>, "'Bill Woods (E-mail)'"
<[email protected]>, "'Bob Ellery (E-mail)'" <[email protected]>, "'Bob
Gates (E-mail)'" <[email protected]>, "'Cody Carter (E-mail)'"
<[email protected]>, "'Curt Hatton (E-mail)'"
<[email protected]>, "'David Parquet'" <[email protected]>,
"'Dean Gosselin (E-mail)'" <[email protected]>, "'Doug Fernley (E-mail)'"
<[email protected]>, "'Duane Nelsen (E-mail)'"
<[email protected]>, "'Ed Tomeo (E-mail)'" <[email protected]>,
"'Eileen Koch (E-mail)'" <[email protected]>, "'Eric Eisenman (E-mail)'"
<[email protected]>, "'Frank DeRosa (E-mail)'"
<[email protected]>, "Frazier Blaylock (E-mail)"
<[email protected]>, "'Hap Boyd (E-mail)'"
<[email protected]>, "'Hawks Jack (E-mail)'" <[email protected]>, "'Jim
Willey (E-mail)'" <[email protected]>, "'Joe Greco (E-mail)'"
<[email protected]>, "'Jonathan Weisgall (E-mail)'"
<[email protected]>, "'Kate Castillo (E-mail)'" <[email protected]>,
"'Kelly Lloyd (E-mail)'" <[email protected]>, "'Ken Hoffman (E-mail)'"
<[email protected]>, "'Kent Fickett (E-mail)'"
<[email protected]>, "'Lynn Lednicky (E-mail)'"
<[email protected]>, "'Marty McFadden (E-mail)'"
<[email protected]>, "'Paula Soos'"
<[email protected]>, "'Randy Hickok (E-mail)'"
<[email protected]>, "Rick S. Koebbe (E-mail)"
<[email protected]>, "'Rob Lamkin (E-mail)'"
<[email protected]>, "'Ross Ain (E-mail)'" <[email protected]>,
"'Steve Iliff'" <[email protected]>, "'Steve Ponder (E-mail)'"
<[email protected]>, "'Tony Wetzel (E-mail)'" <[email protected]>,
"'William Hall (E-mail)'" <[email protected]>,
<[email protected]>, <[email protected]>, <[email protected]>,
<[email protected]>, <[email protected]>,
<[email protected]>, <[email protected]>, <[email protected]>,
Katie Kaplan <[email protected]>, <[email protected]>,
<[email protected]>, <[email protected]>,
<[email protected]>
cc:
Subject: LT Contracts: A History of Inaction by the CPUC
Attached is a history of inaction by the CPUC in regards to long-term
contracts. We are graphically portraying this as a timeline, incorporating
the quotes.
We would like to also incorporate any public long-term contract offers IEP
members made that utilities were not able to enter into because of the CPUC.
?This will once again help reinforce that IEP members are part of the
solution. ?
Please forward this information, or any other comments, to me or Katie by 8am
PST, Thursday April 26.
Please call if you have any questions.
Thanks,
Jean
--
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)
- Long Term Contract Timeline |
nope
-----Original Message-----
From: Ball, Jeff [mailto:[email protected]]
Sent: Wednesday, November 07, 2001 2:26 PM
To: Smith, Matt
Subject: RE:
Really? Any terms of the deal disclosed?
-----Original Message-----
From: Smith, Matt [mailto:[email protected]]
Sent: Wednesday, November 07, 2001 3:18 PM
To: Ball, Jeff
Subject: RE:
Looks like Dynegy may buy us.
-----Original Message-----
From: Ball, Jeff [mailto:[email protected]]
Sent: Wednesday, November 07, 2001 2:14 PM
To: Smith, Matt
Subject: RE:
No, I've been on a conference call for the past 2 hours. What's the
word?
-----Original Message-----
From: Smith, Matt [mailto:[email protected]]
Sent: Wednesday, November 07, 2001 3:10 PM
To: Ball, Jeff
Subject: RE:
not much i guess. I'm sure you heard the CNBC speel earlier. I have no
news other than that.
-----Original Message-----
From: Ball, Jeff [mailto:[email protected]]
Sent: Wednesday, November 07, 2001 1:56 PM
To: Smith, Matt
Subject:
What's up?
> Jeff Ball
> Investment Banking
> CREDIT | FIRST
> SUISSE | BOSTON
> Eleven Madison Avenue
> New York, NY 10010
> Phone: (212) 538-7736
> Fax: (212) 325-0982
>
>
This message is for the named person's use only. It may contain
confidential, proprietary or legally privileged information. No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and
all
copies of it from your system, destroy any hard copies of it and notify
the
sender. You must not, directly or indirectly, use, disclose,
distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.
Any
views expressed in this message are those of the individual sender,
except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message
is
indicative only, is subject to change and does not constitute an offer
to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.
**********************************************************************
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.
**********************************************************************
This message is for the named person's use only. It may contain
confidential, proprietary or legally privileged information. No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and
all
copies of it from your system, destroy any hard copies of it and notify
the
sender. You must not, directly or indirectly, use, disclose,
distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.
Any
views expressed in this message are those of the individual sender,
except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message
is
indicative only, is subject to change and does not constitute an offer
to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.
This message is for the named person's use only. It may contain
confidential, proprietary or legally privileged information. No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender. You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks. Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation. |
Industry Group Analysis
This Week: Big Chart Update for the Week of November 26
1. Introduction
2. Groups That Are Heating Up
3. Groups That Are Cooling Off
4. On The Radar Screen This Week
5. Disclaimer
***********************Our Sponsor*************************
FREE REPORT: 10 Stocks To Help You Make It All Back!
Still listening to Wall Street's bears? They want you out of
the way while they grab today's once-in-a-decade bargains.
Don Rowe says investors now have a chance to double their
wealth. Get 10 leaders of this new bull market! FREE report:
http://www.investools.com/c/go/WALL/WSCE-wallTW2?s=S600
***********************************************************
1. Introduction
Retailers had been showing strength on the Big Chart heading
into Thanksgiving and this week, the sector is analyzed to
see whether or not the momentum was justified. Conversely,
fast food restaurants continued to fall in the rank as
investors seek out companies with higher rates of expected
growth.
Industry Group Analysis is just another of the many great
reasons to be a subscriber to the WallStreetCity website.
Besides great industry group analysis and incredible
stock analysis, you also get access to the world's most
powerful stock screening tool on the planet, ProSearch,
all in one subcription package. However, we give you a
30-day FREE trial to this service to make sure it suits
you, so give us a try.
Click below to take a 30-day FREE trial.
http://subs.wallstreetcity.com/c/go/XPRO/WSCE-bc112601?s=S601&D=XWSC
____________________________________________________________
2. Groups That Are Heating Up
Retail/Stores/Discount {.RDI} and Retail/Stores/Mail
Order-Catalogs {.RMC} were both showing upward momentum
heading into the Thanksgiving holiday weekend and early signs
suggest that this trend was warranted. Preliminary reports
out of retailers and TeleCheck Services show that business
was stronger than expected. Wal-Mart {WMT} generated over
$1.25 billion in revenues on Friday, a record for the
company, while TeleCheck is suggesting that same-store sales
for U.S. retailers increased 2.4 percent over the same day a
year ago. Internet retailers also saw strong sales volume;
the Wall Street Journal reported this morning that revenues
on Saturday were over 50 percent higher than on the past
several Saturdays. Should the holiday shopping season
continue to be stronger than expected, stock such as Tuesday
Morning {TUES}, K-Mart {KM}, Williams-Sonoma {WSM}, Dollar
Tree Stores {DLTR} and Lands End {LE} could add onto their
recent price gains.
The resurgence of Computer/Computer Services {.DSE}, a group
that has increased in rank for seven consecutive weeks, has
attracted investors back to foreign-owned tech firms such as
Wipro Ltd. {WIT}, Satyam Computer Services {SAY}, and Terra
Networks {TRLY} - the owner of web portal Lycos. WIT and
SAY have been rising on optimism that their entry into
Singapore will help to offset declining profits caused by
the weak U.S. economy. Both companies have better cost
structures than their Singapore rivals and therefore are
using price cuts to win business. TRLY rose on news that it
is instituting mandatory time off for most of its Lycos
employees between Christmas and New Year's as a cost-saving
measure. Employees will be required to either use vacation
time or take unpaid leave for that period.
Other groups with rising rankings include
Broadcasting/Programming {.BPE}, Computer/Peripherals {.DPE},
Electronics/Office Equipment {.OFF}, Finance/Leasing {.FLE},
Retail/Stores/Department {.RDE}, and Transport/Cargo-Charter
{.ACC}.
To view the Big Chart click the link below.
http://www.wallstreetcity.com/commentary/commentary_group_rotation.asp
____________________________________________________________
3. Groups That Are Cooling Off
Food/Serving/Fast Foods {.FFF} extended its streak of
declining rank to six consecutive weeks. Notably, Pappa
Johns {PZZA}, Tricon Global {YUM}, and McDonald's {MCD} all
charted notable losses on November 19, despite a lack of
news. The general malaise that is affecting the group most
likely stems from a shift in posture among investors from
lower valuation/defensive stocks to higher valuation/high
growth stocks.
Other groups with declining rankings include Basic/Uranium
{.MUR}, Building/Brick-Cement {.BBC}, Home/Furnishings
{.HOM}, and Machinery/Specialties {.MSP}.
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
Retail/Stores/Department {.RDE} should be interesting to
watch this week. The group's rank has increased for four
consecutive weeks, but may be at risk of reversing back
downward. The reason for this is that early data about
weekend shopping indicates that traffic at department stores
in general was weak and that same store sales fell. Such a
decline is not surprising, however, given consumers'
preference for bargains and lingering fears about a
potential terrorist strikes aimed at one or more shopping
malls.
To view the Big Chart click the link below.
http://www.wallstreetcity.com/commentary/commentary_group_rotation.asp
***********************Our Sponsor*************************
Bernie Schaeffer Gets Tough: Scores with +245% 14-day Gain!
Volatility makes many throw up their hands and give up
investing. But Bernie Schaeffer uses volatility to profit
handsomely regardless of market conditions. Get tough! Click
here to see how he pocketed a +245% gain in just 14-days!
http://www.investools.com/c/go/SDBI/WSCE-sdbiTA9?s=S601
***********************************************************
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.
REMOVE ME FROM THIS FREE EMAIL LIST
To be removed from the email distribution list for the FREE
WallStreetCity's Industry Group Analysis Commentary, Stock
Search of the Week Commentary, The Week Ahead Commentary
and Updates simply click the link below and hit "Send" on
the email that is launched. (Or copy and paste the email
address below to a new outgoing email message and hit "Send"
on the email that is launched).
mailto:[email protected]
If you have tried unsubscribing in the past -- and believe
that you received this message in error -- please send an
email to
mailto:[email protected]
to voice your concerns and be removed from the list. |
I have excluded annuities.
-----Original Message-----
From: Symes, Kate
Sent: Friday, December 07, 2001 9:19 AM
To: Amador, Susan
Cc: Williams III, Bill
Subject: RE: Spreadsheet.
Susan -
I just tested the schedule pull again and found one more deal type we need to exclude - ANNUITIES. The download pulls in purchase and sale annuities as regular forward purchases and sales, recognizing the average price as the total annuity price, which is, obviously, wrong. Anyway, when you get a chance could you exclude these deals from the query as well?
Thanks,
Kate
-----Original Message-----
From: Amador, Susan
Sent: Thursday, December 06, 2001 11:10 AM
To: Symes, Kate
Subject: RE: Spreadsheet.
<< File: SchedulePull.xls >>
Thanks. Perfect timing, Kate. Check the on and off peak. Working on the archive schedule version - it's far too slow right now.
-----Original Message-----
From: Symes, Kate
Sent: Thursday, December 06, 2001 11:06 AM
To: Amador, Susan
Subject: RE: Spreadsheet.
Susan -
This looks great. Now we've just got to tweak the on-peak and off-peak averages, and I think we'll be set. (Hopefully someone will get to use this someday!)
Thanks for your help,
Kate
-----Original Message-----
From: Amador, Susan
Sent: Thursday, December 06, 2001 8:41 AM
To: Symes, Kate
Subject: FW: Spreadsheet.
HI Kate!
I changed the query for a couple of things. It was averaging per deal rather than per MW. The way a transmission schedule was excluded.
I also excluded 0 price and 0 volume schedules (leet me know if this is correct).
Note: still testing the code for the on peak and off peak average - so just review the hourly ones.
<< File: SchedulePull.xls >>
-----Original Message-----
From: Symes, Kate
Sent: Wednesday, December 05, 2001 9:48 AM
To: Amador, Susan
Cc: Williams III, Bill
Subject: FW: Spreadsheet.
Susan -
This is the last thing Susmitha sent me. If you look two e-mails down, you'll see the parameters I sent to her. The spreadsheet is still coming up with some weird numbers - all are much, much lower than actual average prices for these days. Would you mind taking a look at the query to see if all the appropriate deals are being excluded? Also, the spreadsheet doesn't pull in anything for the first half of November (i.e. when I try to download av. prices for 11/1/01, nothing comes up.)
Let me know when you get a chance to look at this. Thanks a lot!
Kate
-----Original Message-----
From: Nalluri, Susmitha
Sent: Thursday, November 29, 2001 3:26 PM
To: Symes, Kate
Subject: RE: Spreadsheet.
Kate:Please look at this.I think it meets the requirements stated below.
Thanks,
Susmitha.
<< File: SchedulePull.xls >>
-----Original Message-----
From: Symes, Kate
Sent: Thursday, November 29, 2001 2:29 PM
To: Nalluri, Susmitha
Cc: Williams III, Bill
Subject: FW: Spreadsheet.
Susmitha -
Bill sent me this spreadsheet to look over, and the prices it pulls look much too low to be an accurate average of our forward purchases and sales. My thought is that certain deals are being pulled into the query that should not be included. The deals in Enpower that need to be excluded from this query are:
1. Transmission
- All deals under this heading in Enpower must be excluded
2. Forward
- All purchases and sales to counterparty "California Imbalance" must be excluded
3. Buy-Resale
- All deals with counterparty "EPMI California Pool" must be excluded
Please let me know if you have any questions about this, or if you'd like me to show you specific deals in Enpower to illustrate this.
Thanks,
Kate Symes
Real Time Trading Support
Office/503-464-7744
Cell/503-819-2181
Fax/503-464-7996
-----Original Message-----
From: Williams III, Bill
Sent: Thursday, November 29, 2001 2:00 PM
To: Symes, Kate
Subject: FW: Spreadsheet.
-----Original Message-----
From: Nalluri, Susmitha
Sent: Thursday, November 29, 2001 9:34 AM
To: Williams III, Bill; Amador, Susan
Subject: Spreadsheet.
Please inform me of any changes.
Thanks,
Susmitha.
<< File: SchedulePull.xls >>
-----Original Message-----
From: Williams III, Bill
Sent: Friday, November 23, 2001 1:16 PM
To: Amador, Susan
Cc: Symes, Kate; Nalluri, Susmitha; Poston, David
Subject: RE: spreadsheets
Susan,
Thank you. This looks good. To answer some of your questions, price is per mw, not per deal. Transmission deals, EpmiCalPool deals, and sales or purchases from the counterparty California Imbalance in Enpower need to be excluded.
Thanks,
Bill
-----Original Message-----
From: Amador, Susan
Sent: Wednesday, November 21, 2001 2:07 PM
To: Williams III, Bill; Symes, Kate
Cc: Nalluri, Susmitha; Poston, David; Chen, Lei
Subject: spreadsheets
Bill,
Here's an outline of what we talked about for the average price spreadsheet:
Pull deals for WHourly at Mid-Columbia, WSCC_N, NP15, SP15, and (Palo Verde +) WSCC_S
In a tabular format display: Average price from the schedules for buys and sells for each hour in each region (i.e. Mid-Columbia, WSCC_N, etc.)
Underneath the table display:
On Peak average
Off Peak average
for later: (i.e. next version)
sort by groups: 24inc, EOL, EPEC
For clarification:
Average price is per MW not per deal?
I've asked Susmitha Nalluri to work on this for you. She sits 2 desks down from me and works on the VMS team. She has experience with spreadsheets, however she is not yet familiar with the EnPower view of the database. I have given her a query to give her a jumpstart on pulling the data data you need from EnPower. She and I have also met to go over where the data is being pulled from. In my abscence she can go to Lei, Pete, Matt or David about questions regarding the EnPower Data. I told her to feel free to ask you or Kate any questions. I brought her down to meet you and Kate but did not realize you both (as well as most people) had left around lunchtime.
Kate,
I told her you would be bringing her more information on the Dow Jones sheet. I forwarded Susmitha our earlier emails about it.
Susan Amador
503.464.8681 office
503.703.6714 cell |
Contact Steve Walton
Eric Hirst <[email protected]>
11/10/2000 10:03 AM
To: [email protected] (Steve Kean)
cc:
Subject: Outline for Project on Real-Time Markets
Dear Steve,
Once again, I call on you for advice. Who, within Enron, should I talk with
about a new project I am working on, related to real-time balancing
operations and markets (all the messy stuff that causes so many problems
within all the existing ISOs)?
Here is the outline for the project. Can you send me your suggestions on
revising the outline, other people at Enron (and elsewhere) to contact
related to these markets, and written materials on how the various ISO
markets operate.
Thanks.
Eric
----------------
ISSUES TO DISCUSS FOR PROJECT ON:
REAL-TIME BALANCING OPERATIONS AND MARKETS
November 6, 2000
1. Introduction: Importance of real-time operations and markets
Essential for reliability, especially security
Basis for all forward contracts (hour- and day-ahead, block monthlies,
bilaterals)
Real-time prices motivate generation-capacity decisions: new construction,
repowering, retirements
Ensure equitable treatment for &new8 intermittent and distributed resources
2. Physical Requirements and Operations
Balance generation to load in near-real time (intrahour)
Normal conditions (frequency response, CPS1, CPS2)
Contingency conditions (DCS)
In neither case is it necessary for generation to exactly balance load over
short time periods (e.g., 10 minutes), but must balance energy over longer
intervals
Benefits of aggregation
Performance and characteristics of individual generation and load resources:
random fluctuations, energy level, ramp rate, acceleration rate, startup
time, minimum run time, block loading, energy-limited characteristics of
hydro units, etc
Control-area balance vs individual-schedule balance, good vs bad inadvertent
interchange
NERC and FERC requirements
3. Operations with Vertically Integrated Utilities
Unit commitment
Economic dispatch
Regulation
Contingency reserves
Control area forecasts of loads and resources, effects of forecasts on unit
commitment and dispatch
Treatment of (payments and penalties for) energy imbalance and inadvertent
interchange
4. RTO Operations and Markets
Generation not owned by RTO, RTO must purchase outputs from generation and
load resources
Relationship between real-time operations and markets, how are resources
dispatched (and by whom) and how are they compensated
Time interval (1, 5, 10, or 15 minutes) for dispatch and price setting; what
are the tradeoffs in choosing among these intervals
Single market-clearing price in each interval vs pay-as-bid for each resource
Pay for energy only or pay also for maneuverability (e.g., ramp and
acceleration rates); how do resource constraints determine which resources
are permitted to set the market-clearing price and which aren't, and why?
Set prices ex ante or ex post? If prices set ex ante, what is the basis for
the value?
Should unit commitment (resource scheduling) be done by individual suppliers,
by RTO, or both?
Relationship between real-time markets and ICAP and RMR requirements, and RTO
requirements to ICAP and RMR units to bid resources into real-time market
Treatment of exports and imports, rules governing interchange scheduling
(number of schedule changes per hour permitted, ramp rates for schedule
changes)
To what extent does the RTO make short-term forecasts of load and generation,
how far into the future (10 minutes to 24 hours), how does the RTO use these
forecasts? Should the RTO commit and dispatch resources on the basis of
expected future conditions (i.e., beyond the current and next interval)? Who
pays for these RTO decisions?
Should RTO publish prices and let demand and supply respond to the price
signal, or should RTO dispatch resources up and down based on supplier bids?
If the RTO explicitly dispatches resources, should uninstructed deviations be
treated differently, in terms of payment or penalties, from instructed
deviations? What about a resource,s failure to follow instructions?
Under what circumstances should RTO go &out-of-market8 for resources? What
should set the price of (payment to) these resources?
Under what conditions, if any, are penalties appropriate, for what kinds of
behavior, what determines the magnitude of the penalty? Should penalties
apply to generation only or to loads also?
How, if at all, should capacity assigned to ancillary services (especially
the reserve services) be incorporated into real-time operations and markets?
For example, should the capacity assigned to contingency reserves be set
aside and used only when a major outage occurs? Or should such reserves be
used routinely whenever it is economic to do so, as long as sufficient
capacity is available to meet the NERC reserve requirements?
How should intermittent resources (e.g., wind) be treated in real-time
operations and markets? Should they be treated any differently from a large,
volatile load?
Can retail loads participate in real-time markets? How?
5. Case Studies of U.S. ISOs
California
PJM, New York, and New England
ERCOT
6. Conclusions and Recommendations
Key features of operations and markets
What works
What are the options
What problems still remain
----------------------------------------------
Eric Hirst
Consulting in Electric-Industry Restructuring
106 Capital Circle
Oak Ridge, TN 37830
865-482-5470 (phone & fax) [email protected]
http://www.EHirst.com/ |
Now that I have a place to live all I need is a chica. I am going to a wedding in Red Deer next weekend and there should be plenty of available young ladies there. How is Mike McD? Are you married yet? Any kids on the way?
-----Original Message-----
From: Rob Laird <[email protected]>@ENRON
Sent: Thursday, August 09, 2001 10:42 AM
To: Dorland, Chris
Subject: RE:
15 min door to door max. That doesn't include bringing me brkfst
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Thursday, August 09, 2001 9:41 AM
To: [email protected]
Subject: RE:
I looked at the MLS listings and there is some stuff on there. I have a
realtor who seems to have her act together. Don't worry about it. How long
would it take me to get to work from there?
-----Original Message-----
From: Rob Laird <[email protected]>@ENRON
Sent: Thursday, August 09, 2001 10:39 AM
To: Dorland, Chris
Subject: RE:
Do you want me to cruise around this weekend and get the low-down on the
different places and their cost?
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Thursday, August 09, 2001 9:38 AM
To: [email protected]
Subject: RE:
I already have a minature goat. I am a little concerned about making a
housing decision in one day but what the fuck.
-----Original Message-----
From: Rob Laird <[email protected]>@ENRON
Sent: Thursday, August 09, 2001 10:08 AM
To: Dorland, Chris
Subject: RE:
Oh I got the tire guy, the brownstones have very small lawns, perhaps
a
miniature goat may be in order....I think lambie may have one..He
should
give you one since your probably going to be his boss...
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Thursday, August 09, 2001 9:06 AM
To: [email protected]
Subject: RE:
Done. I'm moving in! Can I borrow your lawn mower? I need to decide
what
I
am going to do with my ride. I think I am going to bring it with me
and
buy
a set of winter wheels and some killer winter tires. Don't you have a
tire
guy?
-----Original Message-----
From: Rob Laird <[email protected]>@ENRON
Sent: Thursday, August 09, 2001 10:02 AM
To: Dorland, Chris
Subject: RE:
1 block away....
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Thursday, August 09, 2001 9:02 AM
To: [email protected]
Subject: RE:
Lee Clarke... Sounds like a fag. Garrison woods that is the place
my
mom
was talking about. Do you live near there?
-----Original Message----- [Dorland, Chris]
From: Rob Laird <[email protected]>@ENRON
Sent: Thursday, August 09, 2001 9:39 AM
To: Dorland, Chris
Subject: RE:
Nice brownstones in garrison woods, the remodeled area of
altadore,
that
area offers lots of options from apartment condo's to houses to
townhouses
etc. Kerri? Haven't seen here for a while, hear she is pretty
serious
with a
guy named Lee Clarke....
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Thursday, August 09, 2001 8:35 AM
To: [email protected]
Subject: RE:
I really want to live in Altadore. I hear that is where all the
fly
bitches
hang. I don't know to be honest Killarney / Altadore / West
Hillhurst
?
Close to downtown. I am thinking infill / townhouse. My mom has
a
friend
who says there are nice brownstone townhomes in Altadore. I am
thinking
of
checking those out. I am looking for minimal maintenance. Do
you
have
any
ideas? Seen Kerri Murray lately?
CD
-----Original Message-----
From: Rob Laird <[email protected]>@ENRON
Sent: Thursday, August 09, 2001 8:39 AM
To: Dorland, Chris
Subject: RE:
Where do you want to live, which area, condo/house?
-----Original Message-----
From: [email protected]
[mailto:[email protected]]
Sent: Wednesday, August 08, 2001 2:49 PM
To: [email protected]
Subject: RE:
Actually lots. Keep this on the QT for now but this kid is
moving
back
to
cow town. I'll be in town next week shopping for somewhere
to
live.
Just
in
time for ski season.
Later
Chris
-----Original Message-----
From: Rob Laird <[email protected]>@ENRON
Sent: Wednesday, August 08, 2001 2:56 PM
To: Dorland, Chris
Subject:
What up dog?
**********************************************************************
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.
********************************************************************** |
Dear Futures Trader,
What follows is the second issue of FutureSource's newest
service, "FAST BREAK." Each weekly issue contains a discussion
of the markets between two well known analysts and contributors
to FutureSource, Jim Wyckoff and Dave Hightower.
David Hightower is editor of the "Hightower Report",
available on FutureSource Professional and ProNet. Call
800-621-2628 for more information, or click below:
http://pronet.futuresource.com.
Jim Wyckoff is a regular contributor to FutureSource.com.
You are receiving this because you are a customer of
Futuresource. HOWEVER, if you are no longer interested in the
markets, and don't want to receive this free service, we respect
that! Just scroll to the end, and click on the link. You will
removed from the "FAST BREAK" list immediately.
________________________________________________________________
F U T U R E S O U R C E ' S F A S T B R E A K
Volume I December 28, 2001 Issue #2
________________________________________________________________
The past couple weeks have witnessed higher volatility in the
currency markets, in the wake of a political and economic
meltdown in Argentina, and as two nuclear-armed nations (India
and Pakistan) step up their war rhetoric. Let's get the opinions
of two seasoned and respected market analysts: David Hightower,
editor of the Hightower Report (http://www.futures-research.com)
and Jim Wyckoff, proprietor of "Jim Wyckoff on the Markets."
FUTURESOURCE.COM: Dave, give us a basic fundamental
perspective on the U.S. dollar and its major counterparts.
HIGHTOWER: The U.S. dollar appears to have an entrenched bullish
sentiment over the Euro and we would expect interest in the
dollar to increase into the kick-off of the physical Euro
currency implementation.
However, it would seem that the dollar was quickly shut off from
further buying this past week when it reached above 118. This is
**************MESSAGE FROM A "FAST BREAK" SPONSOR***************
Optimize your short-term trading results with tips from the hot
new trading manual, "Trader's Guide to Day-Trading." Features
tips from three of the nation's top trading gurus, Jake
Bernstein, Dr. Alexander Elder and Neil Weintraub. No cost or
obligation. It will be snail-mailed to you ASAP.
http://www.futuresource.com/ads/manfinancial.htm
****************************************************************
the second time that the dollar has been quickly repelled from
that level.
We have been suggesting for weeks that the US dollar is holding
an extreme premium versus most of the world's currencies.
Therefore, a leveling out of economic conditions would seem to
pressure the dollar.
We also think that the U.S. dollar has seen an unsustainable
windfall off of Japanese yen weakness. Therefore, it is possible
that the dollar will see a blow-off top in the coming week and
that a major top could be formed.
Historically, it would seem that several major turns in the
currency markets have come in close proximity to the beginning
of a new year. In the event that the dollar does turn down, we
have to think that the Canadian and the Swiss will see the most
significant recovery capacity.
FUTURESOURCE.COM: Jim, give us more of a technical view on the
U.S. dollar index and the major IMM currency futures.
WYCKOFF: The past two weeks have seen the March U.S. dollar
index spring sharply higher, after prices had been trending
lower during late November and the first have of December. Last
week, the March dollar index hit a high of 118.85, and has since
seen some healthy consolidation of the recent strong gains.
The dollar index bulls indeed have the near term edge, and the
longer-term charts are also friendlier to the bulls. If the
bulls can push the March dollar index above the 119.00 level,
**************MESSAGE FROM A "FAST BREAK" SPONSOR***************
Today's trading tools for New Millennium trading success.
Receive a FREE investor's package containing an insightful
Special Market Report, "Turn of the Century", and your choice of
an interactive CD-ROM tutorial, video or audiocassette on
options investing in a volatile 2002.
http://www.futuresource.com/ads/barkleyad.htm
****************************************************************
that will give them the momentum to challenge the July high of
121.29. A drop below 114.75 means the market will likely
languish in more of a choppy and sideways trading range in the
near term.
Bulls should be warned that if prices do sell off from here, a
big head-and-shoulders top reversal pattern could develop on the
weekly continuation chart for nearby dollar index futures. But
right now, the bulls are enjoying the technical advantage.
As for the Euro currency, the weekly continuation chart for
nearby Euro futures should give the bulls some encouragement, as
well as throw a scare into U.S. dollar index bulls. A longer-
term downtrend line drawn off the 1998 high was penetrated on
the upside and negated just about a year ago. Since that time,
prices have been trading sideways in a choppy pattern. This
choppy trading has also formed a coiling pattern--whereby the
sideways trading range has become more compacted the past
several weeks. This is suggestive of a bigger "breakout-type"
price move in the not-too-distant future.
Given the recent lowly price levels in the Euro, odds do favor
that potential breakout being to the upside. There is also
potential for a big double-bottom reversal pattern on the weekly
chart. Indeed, there are clues on this chart that suggest the
Euro currency bulls will enjoy more success in the coming year
than they did in the past year.
From a shorter-term perspective, if March Euro currency futures
prices drop down below the November low of .8708, then the door
is opened to much more downside. If that low can hold and prices
work higher, then a big double-bottom reversal could be in the
works.
Finally, the Japanese yen has been in a nosedive for nearly two
months. This steep decline appears to be a "washout" or
exhaustion-type selling phase that many times precedes a major
change in trend. But bottom-pickers should beware. Right now,
would-be long-side traders do not want to stand in front of a
steaming locomotive. They should first let the market show them
some solid signals of strength before attempting to board the
bullish train.
FUTURESOURCE.COM: Thanks for the comments, Dave and Jim. We'll
look forward to more of your insight in the coming weeks.
----------------------------------------------------------------
DISCLAIMER: Futures and Options trading has large potential
rewards, but also large potential risk. You must be aware of the
risks and be willing to accept them in order to invest in the
futures and options markets. Don't trade with money you can't
afford to lose. This is neither a solicitation nor an offer to
Buy/Sell futures or options. No representation is being made
that any account will or is likely to achieve profits or losses
similar to those discussed in this newsletter or on these web
sites. The past performance of any trading system or methodology
is not necessarily indicative of future results.
_______________________________________________________________________
Powered by List Builder
To unsubscribe follow the link:
http://lb.bcentral.com/ex/manage/subscriberprefs?customerid=17884&subid=77A29D9A888A1B4C&msgnum=5 |
The meeting will be around 1:00. Just come to our office at 1200 17th St. Suite 2750. Then we will go over to Crestone office. I anticipate that the meeting will last about an hour to an hour and half.
Mark
-----Original Message-----
From: Walton, Steve
Sent: Thursday, October 25, 2001 10:51 PM
To: Thomas, Jake; Whitt, Mark
Subject: RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project
Mark,
I am assuming we are on for this coming Tuesday given the exchange of e-mail. I am planning to arrive in Denver by 11:00 and will be going on to Seattle on Tuesday evening. Where do we meet you? How long will the meeting go. I have held off ticketing to until I had some details.
Steve
-----Original Message-----
From: Thomas, Jake
Sent: Tuesday, October 23, 2001 12:36 PM
To: Whitt, Mark; Walton, Steve
Subject: RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project
That actually works out perfect for my schedule
Jake Thomas
503-464-3803
-----Original Message-----
From: Whitt, Mark
Sent: Tuesday, October 23, 2001 10:18 AM
To: Thomas, Jake
Cc: Bump, Dan J.; Walton, Steve
Subject: FW: Buffalo Power Company LLC - Gas Turbine Power Plant Project
Can we meet next Tuesday on October 30th? Afternoon is prefferable.
-----Original Message-----
From: Walton, Steve
Sent: Tuesday, October 23, 2001 11:12 AM
To: Whitt, Mark
Subject: RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project
I am booked all of this week. Tuesday of next week might work if in the afternoon so I could fly in that morning.
Steve
-----Original Message-----
From: Whitt, Mark
Sent: Monday, October 22, 2001 3:32 PM
To: Thomas, Jake; Walton, Steve
Subject: RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project
It works for me. Steve, would that be possible for you?
-----Original Message-----
From: Thomas, Jake
Sent: Monday, October 22, 2001 2:03 PM
To: Whitt, Mark; Walton, Steve
Subject: RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project
I have already made plans for the 14th - How about later this weeks or early next. ?
Jake Thomas
503-464-3803
-----Original Message-----
From: Whitt, Mark
Sent: Monday, October 22, 2001 12:36 PM
To: Walton, Steve
Cc: Thomas, Jake
Subject: RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project
I have to go to the management meeting in San Antonio on the afternoon of the 14th. Would it be possible to meet in Denver on the morning of the 14th?
-----Original Message-----
From: Walton, Steve
Sent: Monday, October 22, 2001 10:24 AM
To: Whitt, Mark; Kaufman, Paul; Calger, Christopher F.
Cc: Tycholiz, Barry; Bump, Dan J.
Subject: RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project
Mark,
I am committed to a meeting in Seattle with the Western Governors and the FERC on November 1 and 2 respectively. The next meeting of the Wyoming Energy Commission is on November 12-13 in Evanston and a meeting in Spokane on the 15th, leaving the 14th open. I know that is beyond your two week window, but it would be the best time for me.
Steve
-----Original Message-----
From: Whitt, Mark
Sent: Friday, October 19, 2001 3:51 PM
To: Walton, Steve; Kaufman, Paul; Calger, Christopher F.
Cc: Tycholiz, Barry; Bump, Dan J.
Subject: Buffalo Power Company LLC - Gas Turbine Power Plant Project
ENA and Crestone (Northern Border's non-regulated affiliate) met with a group of developers and Joe Meyer, Secretary of State in Wyoming, who have proposed to build a 200 MW power plant (expandable to 500 MW) in the Powder River basin of Wyoming. Their "angle" is that the existing utility, Powder River Electric Coop, cannot meet the demand for electricity and the necessary distribution infrastructure to maintain the pace of development in the Coal Bed Methane BOOM that is happening in the basin.
As you may or may not know, Enron has been very involved in this Coal Bed Methane play since 1998. ENA is the largest purchaser of 3rd party gas in the basin and Crestone is the largest non-producer gathering company in the basin. Crestone has a gathering trunkline located near their proposed site. The developers will be filing a petition to remove this area from the COOP's certificated territory in the next couple of weeks.
There are obviously regulatory issues revolving around their ability to gain access to this "retail" market and the project would not be economically feasible as a merchant plant in the wholesale market. However, they seem to have some political backing.
These developers recognize that they need Enron's assistance in developing this project on three main fronts:
1. Power Marketing and Project development
2. Gas Supplies and Pipeline access
3. Regulatory and Transmission expertise
Given the fact that Joe Meyer is the early favorite to be the next Wyoming Governor and we are trying to work well with the State of Wyoming, and we have a natural competitive advantage in this market from a gas supply and pipeline perspective, I would like to pursue this opportunity a little further.
Therefore, I am wondering if I could get a Sr. Commercial Power Representative and a Regulatory Representative (Steve Walton would be good since he will be on the Wyoming Energy Commission), to attend a meeting in Denver with myself and the Crestone representatives sometime in the next 2 weeks.
Please give me a call and I can elaborate on the opportunity or answer your questions. I don't want to make this email a novel!
Thanks a lot.
303-575-6473 |
Dear Tana,
Spring is in the air, and you're ready to get out of the house. Maybe
even out of town. Now is a great time to travel, because
Travelocity.com has plenty of great deals to help you save money on
your spring or summer trip. Whether it's an Alaskan cruise, a
Hawaiian vacation, or a trip to Vegas that tickles your fancy,
we can help!
In this issue:
Featured This Week
??-?Amazing Alaska Cruises Now on Sale from Only $699!
Airlines
??-?Hot Fares to Central and South America!
??-?Great Savings from Alaska Airlines!
??-?Fly On Qantas Airways for as Low as $299!
Vacations
??-?Great 2-Night Deals in Orlando from $295 per Person!
??-?Great 2-Night Orlando Deals from $177 per Person!
??-?Europe on Sale! $25 off per person!
Cruises
??-?Cruise the Caribbean for 7 Nights from $599!
Hotels
??-?Circus Circus
Site News
??-?FREE Issue of Travelocity Magazine!
Traveler Reviews
Fare Watcher
Travelocity Store
Special Offers
??-?Kauai
??-?MasterCard Getaways
***FEATURED THIS WEEK***
Amazing Alaska Cruises Now on Sale from Only $699!
Great rates are now available on seven-night cruises to Alaska for
select autumn departure dates with Royal Caribbean. Hop aboard the
beautiful Rhapsody of the Seas to explore other Alaskan gems
including Ketchikan, the astounding Misty Fjords, and the incredible
Hubbard Glacier. Book now!
***AIRLINES***
Hot Fares to Central and South America!
Have you ever wanted to visit Central or South America? Now is the
time! Travelocity and GRUPO TACA are offering fantastic fares from
eight U.S. gateway cities to 20 destinations. These sale fares are
for travel originating from the U.S. between April 1 and June 15,
2001. Tickets must be purchased by March 31, 2001 so make your travel
plans today! Book now!
Great Savings from Alaska Airlines!
Take advantage of Alaska Airlines' low fares and experience the
superb service that has made Alaska a frequent winner of the Conde
Nast Airline Award! These sale fares must be purchased by March 23,
2001 and require a seven-day advance purchase. Travel for this offer
must be completed by June 15, 2001. Book now!
Fly On Qantas Airways for as Low as $299!
Take a friend (mate in Australian) to Australia or New Zealand for as
little as $299 round-trip. Experience Qantas fantastic inflight
service and earn American Airlines AAdvantage miles on your trip to
the Land Down Under. The "Take-A-Mate" companion fares are based on
a round-trip purchase and are valid for travel through September 30,
2001. Tickets must be purchased by March 24, 2001. Fares from other
U.S. points will be higher. Book now!
***VACATIONS***
Great 2-Night Deals in Orlando from $295 per Person!
The Hard Rock and Portofino Bay hotels are offering additional
special privileges such as Universal Express "No Line, No Wait"
express ride access all day, every day; early theme park admission on
select days; and complimentary on-site transportation! Simply book a
three-day/two-night Travelocity Vacations package by May 31, 2001.
Great 2-Night Orlando Deals from $177 per Person!
Travelocity Vacations is making vacation planning to Universal
Orlando easy--and we'll also help you get the most value possible.
Simply book a three-day/two-night Travelocity Vacations package at
the Best Western Plaza International Hotel by May 31, 2001.
Europe on Sale! $25 off per person!
Looking for a European adventure? Let Trafalgar's experts guide you
through the history, culture, and countryside of this fascinating
continent. Just book any air-inclusive Trafalgar Tour to Europe by
April 15, 2001 and receive a $25 discount per person!
More Vacation Deals
***CRUISES***
Cruise the Caribbean for 7 Nights from $599!
Hop aboard the beautiful Ocean Princess and explore the best that the
Southern Caribbean has to offer, including Barbados, St. Lucia,
Dominica, and Aruba! Steel drums bands and colorful festivals await
you. Book now!
More Cruise Deals
***HOTELS***
Circus Circus
Circus Circus Las Vegas is the perfect place to take pleasure in a
springtime getaway! Now is the time to enjoy our Springtime Special:
only $50 for a deluxe tower room, valid April 1st through May 27th,
2001, Sunday through Thursday only. Based on availability. Book now!
More Hotel Deals
***SITE NEWS***
FREE Issue of Travelocity Magazine!
Explore exotic destinations and discover intriguing travel
information and special deals. Don't miss one issue of Travelocity
Magazine--get yours FREE!
***TRAVELER REVIEWS***
Traveler Reviews
Whether you've just returned from the perfect weekend away in Palm
Springs, or you're searching for the best place to stay in the
Florida Keys or Boston, Travelocity's Traveler Reviews are for you.
Get the insider's point of view from someone who has been there, or
share your experience with fellow globetrotters with Travelocity's
Traveler Reviews.
***FARE WACTHER***
Fare Watcher
Keep track of changes in airfares to your favorite cities with Fare
Watcher! Tell us the cities you're interested in, how long you want
to track them, and how you want to be notified. Fare Watcher will do
the rest!
Travelocity Store
Bringing along the right travel gear makes a trip more comfortable,
safe, and enjoyable. Our travel store offers a broad range of quality
luggage and useful travel accessories for your next vacation or
business trip. Shop now with an online company you know and
trust--Travelocity.com.
***SPECIAL OFFER***
Kauai
Book a trip to Kauai and earn 10,000 AAdvantagec Bonus Miles! Whether
you're looking for an active family vacation or a romantic getaway,
Kauai is the perfect island and now is your chance to discover it
all. Visit us today!
MasterCard Getaways
Save 15 percent on flights to Europe with British Airways or receive
a credit of up to $250 on stays at Sheraton and Westin Resorts. Plus,
get great deals from Carnival Cruise Lines, Alamo, and others,
exclusively for MasterCard cardholders!
********* NEWS FROM OUR SPONSORS **********
Travel Tex
For your FREE Texas travel guide with over 260 pages of helpful
information, visit TravelTex.com. And to make your visit more
affordable, take advantage of the Trip Savers coupons available
on TravelTex.com!
Kissimmee
Order your FREE Kissimmee-St. Cloud Visitors Guide! Welcome to
Kissimmee-St. Cloud. We're right next door to the WALT DISNEY WORLDc
Resort and just minutes from Universal Orlando, Sea Worldc Orlando,
and all of Central Florida's spectacular attractions!
Happy Travels!
The Travelocity.com Team
Go Virtually Anywhere!
travelocity.com
UNSUBSCRIBE
When you registered at Travelocity or Preview Travel, you agreed to
receive e-mail. If you would like to change your subscription
preferences or if you received this message in error, please
click below:
http://travelocity1.m0.net/m/u/tty/t2.asp?e=TANA.JONES%40enron.com
FORGOT YOUR PASSWORD?
Password look-up--follow this link and we'll help you retrieve
your password:
http://travelocity1.m0.net/m/s.asp?HB3291347855X815302X56098X
HOW DO I UPDATE MY E-MAIL?
You may update your e-mail address within Your Account Preferences.
Simply click on "Your Account" at the top of the home page and log in.
http://travelocity1.m0.net/m/s.asp?HB3291347855X815303X56098X
Travelocityc and Travelocity.com are trademarks of Travelocity.com LP
and Sabrec is a trademark of an affiliate of Sabre Inc., 2000
Travelocity.com LP. All rights reserved. WB/WS
#278 CST#2050374-40 |
COLUMBIA GAS TRANSMISSION CORPORATION
NOTICE TO ALL INTERESTED PARTIES
OCTOBER 25, 2001
Notice ID: 3207
5 - NO RESPONSE REQUIRED
SUBJECT: CAPACITY UPDATE EFFECTIVE FOR SATURDAY, OCTOBER 27, 2001 AND SUNDAY,
OCTOBER 28, 2001
CHANGES ARE INDICATED WITH AN *
Effective Saturday, October 27, 2001 and Sunday, October 28, 2001, capacities
will be as follows:
Excess MDWQ Available +
ISS Withdrawals Available
SIT Withdrawals Available
Imbalance Drawdowns Available
Excess MDIQ Available + *
ISS Injections Available *
SIT Injections Available *
Imbalance Paybacks Available *
PAL Lends/Unparks Available
PAL Parks/Loan Paybacks 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) 2,500 *
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. |
FYI. Here it is. I think this might do it. It would at least set the stage
for any further discussion that might be necessary.
Stephen
---------------------- Forwarded by Stephen P Schwarz/HOU/ECT on 04/19/2000
12:59 PM ---------------------------
Enron North America Corp.
From: Stephen P Schwarz 02/29/2000 03:13 PM
To: Sally Beck/HOU/ECT@ECT, Inja Chun/HOU/ECT@ECT, Pamela
Lebrane/Corp/Enron@ENRON, Melissa White/HOU/ECT@ECT, Leslie
Reeves/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT,
Bryce Baxter/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT,
Bob Klein/HOU/ECT@ECT, Evelyn Aucoin/HOU/ECT@ECT, Cynthia
Morrow/Corp/Enron@ENRON, Regan M Smith/HOU/ECT@ECT, Kenneth M
Harmon/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT
cc:
Subject: Unify AR -- SAP Plans
The attached memo details our proposal of a week ago to use SAP AR rather
than Unify AR. As of this morning, we finalized our decision to use the SAP
AR system and to turn off Unify AR when SAP is implemented. Please direct
any questions to myself at X33179 or Melissa White at X35704.
Please feel free to forward this memo to anyone I may have forgotten who is
interested.
Stephen
---------------------- Forwarded by Stephen P Schwarz/HOU/ECT on 02/29/2000
01:15 PM ---------------------------
Enron North America Corp.
From: Stephen P Schwarz 02/18/2000 04:17 PM
To: Bryce Baxter/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, Rita
Wynne/HOU/ECT@ECT, Mechelle Stevens/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT,
Brenda F Herod/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Melissa K
Ratnala/HOU/ECT@ECT, Leslie Reeves@CCMAIL, Evelyn Aucoin/HOU/ECT@ECT, Laura E
Scott/CAL/ECT@ECT, Cheryl Dawes/CAL/ECT@ECT
cc: Melissa White/HOU/ECT@ECT, Dorothy Ricketts/HOU/ECT@ECT, Kimberly
Perkins/HOU/ECT@ECT, Trang Le/HOU/ECT@ECT, Christy Sweeney/HOU/ECT@ECT
Subject: Unify AR -- SAP Plans
Two years ago Enron North America made a decision to use Unify AR for cash
application rather than SAP AR. We decided at the time that SAP AR would be
kept in sync with Unify AR by the Unify/SAP interface. We believe that the
business logic for that decision has changed, and are now recommending that
Unify AR be permanently turned off and all AR functions be performed in SAP.
I have briefly summarized the change in business situation below.
Two Years Ago Today
Netting allowed by legal and credit ONLY if netting contract was already in
place. Netting encouraged by legal and credit wherever possible, regardless of
existence of signed agreement.
Netting limited to one counterparty and legal entity at a time. Canada nets across
counterparties.
Netting performed in physical only, financial settlements to maintain
separate net statement process. ENA considering netting physical and financial
together.
All account coordinators were to apply their own cash. Cash applied centrally in
Power, Financial and Canada Individual coordinators apply cash only in
physical Gas.
Cash was to be applied at the line item level to track variances and to
facilitate calculation of cost of funds by commercial team. Although gas
settlements is applying cash for some invoices at the line item level, this
functionality is not being used by power settlements and will not be used by
financial settlements. The company has not made any move towards calculating
cost of funds by commercial team.
The Account Inquiry functionality in Unify was thought to be a key on-line
tool. Old habits die hard...most users appear to be printing reports and reviewing
data, rather than using the on-line functionality.
Overapplication of cash was not to be allowed. Overpayments would be
classified as "on account", with issues tracked in a case management system. Case
management system does not exist. Allowing overapplication helps the account
coordinators track overpayments easier than leaving cash on account.
The counterparty/legal entity combination on the deposit needed to match the
counterparty/legal entity combination on the Enron invoice. Given the number of legal
entities Enron has, along with the number of entities our counterparties
have, this seems like a hopeless battle. Allowing cross-application of cash
seems easier.
Corp required that intercompany settlements had to be "settled" with cash
movement. Corp no longer requires intercompany settlements to be "settled" with cash
movement.
Converting to SAP AR simplifies the Unify/SAP interface in the following ways:
Bank deposits into SAP do not have to be split off into Unify
Cash entries in Unify do not have to be interfaced back to SAP
Unify netting entries do not have to be interfaced to SAP
Payables information does not have to be interfaced from SAP to Unify
Given the change in attitudes towards our netting business process we face
two problems in Unify.
Controls built into Unify are already obsolete.
Unify does not maintain all products in one database, making efforts to net
across products in the future (physical with financial, for instance)
impossible.
Our understanding of the netting process in SAP indicates that there are no
controls (which sounds good at this point) and that we would retain the
automatic netting entries when the payable is netted with the receivable
within SAP. However, we emphasize that netting would be done in SAP, not at
the time of finaling a payment in Unify.
To repeat, we are recommending that Unify AR be turned off and we convert to
SAP AR. We will schedule a meeting the week of February 22 to discuss.
Please call me at X33179 with any questions or comments. We WILL make this
decision by February 28 because the SAP timeline does not allow any
additional time for consideration.
Stephen |
Please get this to Mark Frevert. Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 04/03/2001 11:38 AM -----
Wayne Gresham
03/30/2001 02:07 PM
To: Mark E Haedicke/HOU/ECT@ECT
cc:
Subject: Junior Achievement
Mark,
I would be interested in participating, assuming I am here that day.
Wayne
**************************************
Wayne E. Gresham
Enron North America Corp.
1400 Smith Street, Suite 3857
Houston, Texas 77002
(713) 853-1485 (T)
(713) 646-4842 (F)
**************************************
This email message is for the sole use of the intended recipient (s) and may
contain confidential and/or privileged information. Any review, use,
disclosure or distribution by persons or entities other than the intended
recipient (s) is prohibited. If you are not the intended recipient, please
contact the sender by reply and destroy all copies of the original message.
----- Forwarded by Wayne Gresham/HOU/ECT on 03/30/2001 02:06 PM -----
Alan Aronowitz
03/27/2001 05:26 PM
To: John Viverito/Corp/Enron@Enron, Wayne Gresham/HOU/ECT@ECT, Michael A
Robison/HOU/ECT@ECT, Ned E Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel
R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Coralina
Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dominic Carolan/Enron@EnronXGate,
Robert Bruce/NA/Enron@Enron
cc:
Subject: Junior Achievement
Please let Mark know if you are interested in participating in this program.
Alan
----- Forwarded by Alan Aronowitz/HOU/ECT on 03/27/2001 05:23 PM -----
Mark E Haedicke
03/27/2001 03:10 PM
To: Alan Aronowitz/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Lance Schuler-Legal/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Randy
Young/NA/Enron@Enron, Richard B Sanders/HOU/ECT@ECT, Sheila
Tweed/HOU/ECT@ECT, Travis McCullough/HOU/ECT@ECT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Junior Achievement
Let me know if anyone in your group is interested. Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 03/27/2001 02:51 PM -----
Mark Frevert/ENRON@enronXgate
Sent by: Nicki Daw/ENRON@enronXgate
03/27/2001 11:50 AM
To: Sally Beck/HOU/ECT@ECT, Wes Colwell/ENRON@enronXgate, Timothy J
Detmering/HOU/ECT@ECT, W David Duran/HOU/ECT@ECT, David
Oxley/ENRON@enronXgate, Brian Redmond/HOU/ECT@ECT, Joseph
Deffner/ENRON@enronXgate, Beth Perlman/ENRON@enronXgate, Phillip K
Allen/HOU/ECT@ECT, Barry Tycholiz/NA/Enron@ENRON, Scott Neal/HOU/ECT@ECT,
Frank W Vickers/NA/Enron@Enron, Hunter S Shively/HOU/ECT@ECT, John
Arnold/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Jean Mrha/NA/Enron@Enron, Julie A Gomez/HOU/ECT@ECT, Scott
Josey/ENRON@enronXgate, C John Thompson/ENRON@enronXgate, Michael L
Miller/NA/Enron@Enron, Ozzie Pagan/ENRON@enronXgate, Mark E
Haedicke/HOU/ECT@ECT, Eric Thode/Corp/Enron@ENRON, Scott
Tholan/ENRON@enronXgate, Vince J Kaminski/HOU/ECT@ECT, Bruce
Garner/LON/ECT@ECT, Bob Crane/ENRON@enronXgate, Greg
Hermans/ENRON@enronXgate, Rodney Malcolm/ENRON@enronXgate, Robert
Saltiel/ENRON@enronXgate, Tim Battaglia/Enron@enronXgate, Brad
Kirchhofer/ENRON@enronXgate, Julia Murray/HOU/ECT@ECT, Bill W
Brown/ENRON@enronXgate, Andrew Kelemen/ENRON@enronXgate, Brenda F
Herod/ENRON@enronXgate, Delmar Davis/ENRON@enronXgate, Daniel
Hamilton/ENRON@enronXgate, Kent Castleman/ENRON@enronXgate, Fran L
Mayes/ENRON@enronXgate, Stephen H Douglas/ENRON@enronXgate, Andrea V
Reed/ENRON@enronXgate, Robert W Jones/ENRON@enronXgate, Suresh
Raghavan/ENRON@enronXgate, Andy Zipper/ENRON@enronXgate, Rex
Shelby/ENRON@enronXgate, Thomas D Gros/ENRON@enronXgate, Dan
Bruce/ENRON@enronXgate, Jenny Rub/ENRON@enronXgate
cc: Shirley Tijerina/ENRON@enronXgate, Susan Fallon/Corp/Enron@ENRON, Tina
Rode/HOU/ECT@ECT, Julie Clyatt/ENRON@enronXgate, Lillian Carroll/HOU/ECT@ECT,
Megan Angelos/ENRON@enronXgate, Cherylene Westbrook/ENRON@enronXgate, Tamara
Jae Black/HOU/ECT@ECT, Tonai Lehr/ENRON@enronXgate, Anabel
Gutierrez/HOU/ECT@ECT, Christy Chapman/ENRON@enronXgate, Janette
Elbertson/HOU/ECT@ECT, Sharon Purswell/ENRON@enronXgate, Sue
Ford/ENRON@enronXgate, Marsha Schiller/ENRON@enronXgate, Peggy
McCurley/ENRON@enronXgate, Tina Spiller/ENRON@enronXgate, Patti
Thompson/HOU/ECT@ECT, Lacye Trevino/NA/Enron@Enron, Patricia
English/Enron@EnronXGate, Angela Collins/ENRON@enronXgate, Christy
Chapman/ENRON@enronXgate, Liz M Taylor/HOU/ECT@ECT, Kimberly
Hillis/ENRON@enronXgate, Tammie Schoppe/HOU/ECT@ECT
Subject: Junior Achievement
On Wednesday, April 11, 2001, Enron, in conjunction with Junior Achievement,
will host 40 students from Westside High School and Kerr High School for a
day of Job Shadowing. This program,s objectives are to demonstrate why a
sound education, interpersonal skills, and a strong work ethic are needed to
be successful in the workplace.
The Job Shadowing program consists of the following:
8:45 AM Students arrive
9:00 - 10:30 AM Welcome, Overview, Video, and Tours
10:30 - 12:00 N Individual Job Shadow Experience with Enron Employees
12:00 - 1:00 PM Student Lunch with Closing Comments
1:00 PM Students return to schools
We need your assistance in identifying individuals within your area who would
be available to assist with the job shadowing experience. Please contact
Nicki Daw ASAP with your recommendations. More detailed information will be
supplied to the employees assisting.
Thank you for your support of the Enron/Junior Achievement Job Shadowing
program. |
Restructuring Today readers got this story today...
Retail market
can be opened
nationally?
---
Joe Barton thinks
it can and is
about to try
---
Once in 20 years
opportunity seen
How can the retail power market be opened in today's atmosphere?
Joe Barton has a way and it sounds like it just might work.
He briefed APPA members winding up the last day of the annual
meeting in Washington. Barton implored the membership that if they
have any ideas on how to improve energy policy, this is the time to tell
policy makers or him.
Barton sees a narrow, six-week opportunity as America is about to
revise its energy policy.
We walked with him to his car after the speech and asked what he
means by a major energy restructuring bill.
He referred vaguely to legislation that would improve the grid and
foster the functioning of a robust market providing for movement of
power from one place to another.
He wants a national market with a grid that can handle it "in an
open access way -- creating all these trading markets where you have
long-term and short-term markets where you balance supply and demand
around the country.
"States that have surplus power, through the RTO system can wheel
that power to states that need it."
That's the wholesale market, we asked.
Yes.
But what about retail?
He hopes to get into the law a provision to foster aggregation of
buyers.
How would that work?
"AARP," Barton said noticing our age, "could sell you power or Wal-
Mart or McDonalds or the co-ops. You could buy your power through
them."
How would a law provide for aggregation?
"It would be in the federal legislation that it would be
permitted," he replied.
But what about Nebraska where there are only munis?
"You've got to work through that and see if you get some kind of
grandfather or state opt-out provision. It's possible that you give
states the right to opt out. But over time those states will want to
opt in," he added.
"That'll be a debate we'll have when we get into the bill. You're
not supposed to ask that tough a question this early in the process," he
reminded with a smile.
Barton is really impressed with the magnitude of the legislation
gestating in the nation's capital.
"Everything" is up for discussion, he said, "everything.
"There is nothing -- nothing -- that's been debated or talked about
in terms of electricity that is not on the table," Barton assured.
"I'm not saying we're going to do it all but you have a window like
this once every 20 to 30 years. I'm going to be damned if I'm going to
stand around and on my on volition take things off the table.
"Now the process will automatically take a lot more controversial
items out of play. There'll be a region or a political block -- who
knows the president might not like something. John Dingell might not
like something. Who knows? But I'm not -- even before we put pen to
paper to start drafting the bill -- say `we're not going to consider
this'," Barton added.
Is he getting signals from Dingell that he might be cooperative?
"Yeah. Very cooperative. Of course, again, the proof is in the
pudding and in the details."
Barton's in the leadership role in fostering a national energy
policy, taking the package from the vice president and guiding it
through the House.
He's the president's energy guy from an energy state and Bush has
shown -- with the tax bill -- that he can get a program enacted.
Barton wants something he can look back at in five, 10 and 20 years
and say "that's a good bill. It works."
Barton wants to make history with the Energy Policy Act of 2001.
Barton told APPA he wants this big bill to be "national, long-term
in its impact and balanced."
Balanced means looking at the generation component, transmission
and distribution "and in each of those areas -- this is just me. I'm
not speaking for anyone but myself" -- he wants "to create an
environment so we have a maximum, competitive situation that's open and
fair to everybody.
"And we're going to do that and you're going to have a lot of
competition, a lot of flexibility with a lot of choice for consumers and
a lot of choice for yourself," Barton added.
Wait a minute.
He's saying competition in transmission and distribution.
We really do need to ask him what he has in mind there when the
time is right.
We can't help but think of competition in selling pipeline capacity
in a secondary market.
You can do that with electricity capacity to or on a local
distribution system in gas. We're thinking aloud here. That's not what
Barton said.
He wants to minimize the federal role except where you actually
have to.
That puts Barton "a little at variance with some in the Bush
Administration and some in the Congress because in the modern age
there's a natural proclivity to centralize and consolidate which in the
political arena means let Washington do it."
Barton wants to maximize the technology component and will put into
the bill a distributed generation component.
He's interested in negawatts, fostering cut backs in demand on a
national scale.
"Looking out for your own interest," Barton considers to be
"democracy."
But from time to time you have to step back and look at the
national interest, he advocated.
"That's my job."
Today's crisis mentality helps Congress act boldly.
The friendliness to competitive markets in the White House
encouraged by the president's pride about the retail bill he got through
the Texas Legislature plus today's environment may be ideal for market-
minded leaders.
You can benefit from Restructuring Today's special, unique focus on the
converging energy and communications industries, especially the opening
of competitive markets, too.
To subscribe simply fax the attached order form to 202-298-8210.
Don't miss another vital issue. Subscribe today!
Thank you,
Season Hawksley
US Publishing
800-486-8201
202-298-8201
PS -- Please do not hit 'reply'. To subscribe, cancel, change your email
address or ask questions please contact [email protected].
- orderform.pdf |
Kay, see clarifications below. Thanks for your help.
-----Original Message-----
From: Mann, Kay
Sent: Tuesday, May 29, 2001 11:52 AM
To: Rorschach, Reagan; Fairley, David; Kroll, Heather; May, Tom; Coulter,
Kayne
Subject: comparison of definitions - 1st in each pair is from letter
agreeement
1. &Ancillary Services8 or &AS8 means those services required by Entergy,s
interconnection agreement with MDEA or Entergy,s tariff.
OR
[Rorschach, Reagan] Use this one below with noted change.
&Ancillary Services8 or &AS8 means those services [Rorschach, Reagan]
defined in Entergy,s interconnect agreement with MDEA or Entergy,s tariff.
2.&Available Energy8 means Energy that is available for sale on any given day
that is in excess of MDEA,s Native Load.
OR
[Rorschach, Reagan] Use this one below.
&Available Energy8 means Energy that is available for sale on any given day
that is in excess of (i) MDEA,s Native Load, and (ii) the Energy required to
be sold under any Existing Transactions, up to the total amount of Energy on
any day that can be produced from the Facilities.
3.&Available Energy8 means Energy that is available for sale on any given day
that is in excess of MDEA,s Native Load.
OR
&Available Energy8 means Energy that is available for sale on any given day
that is in excess of (i) MDEA,s Native Load, and (ii) the Energy required to
be sold under any Existing Transactions, up to the total amount of Energy on
any day that can be produced from the Facilities.
4.&Confirmation8 means a confirmation of a transaction or transactions.
OR
[Rorschach, Reagan] Use this one below.
&Confirmation8 means the document provided for under the MPPSA or the MGPSA
and with the corresponding third party under a Back-to-Back Transaction or
with EPMI which specifies the Product being bought or sold, the duration of
the Transaction and the other terms, including price. A daily report of all
hourly (or similarly short term) purchases and sales will be provided to the
Customer and shall serve as a Confirmation for those transactions under the
MPPSA or MGPSA.
5.&Delivery Point8 means the busbar of the respective Facilities located at
the interconnection between CPUC,s and YCPSC,s respective transmission
systems at the 115 kV switching station at the respective interconnections
with the Entergy transmission system.
Or
[Rorschach, Reagan] Use this one below.
&Delivery Point8 &Point of Delivery8 or &POD8 means (a) for power (i) the
interfaces located at the interconnection between Clarksdale and Yazoo City
transmission systems at the Entergy system, or (ii) the point specified in
any Back-to-Back Transaction, EPMI Transaction or Structured Transaction at
which Products are to be tendered under a Confirmation; (b) for natural gas,
(i) for Clarksdale, the point of interconnection between Texas Gas and
Clarksdale (ii) for Yazoo City, the interconnection between Southern Natural
Gas (Sonat) and Mississippi Valley Gas for the Yazoo City Power Plant (the
Sonat Delivery Point) (iii) the interconnection between Mississippi Valley
Gas (MVG) and the Yazoo City Power Plant (MVG Delivery Point), (iv) any point
where fuel is delivered as specified in a Fuel Transaction.
6.&Incentive Fee8 means forty percent (40%) of the Savings and of the net
profit from external sales of the Cities, natural gas resources and the
purchase of on-peak Energy, as calculated in accordance with Article III of
this ILA.
Or
&Incentive Fee8 means the fee described in [Section].
7.&Market Price8 is the price agreed by the parties to be paid by EPMI in any
EPMI Transaction for the sale of Energy to third parties, or the amount to be
paid to EPMI for the sale of Energy to the Cities and/or MDEA.
or
[Rorschach, Reagan] Use this one below.
&Market Price8 is the price agreed to (i) by any third party for the sale or
purchase to or from EPMI or MDEA in a Back-to-Back Transaction, (ii) the
price paid by EPMI in any EPMI Transaction or (iii) by any third party
pursuant to any Structured Transaction.
8. &Protocols8 shall mean the SPP Protocols duly adopted by SPP, including
any attachments or exhibits referenced thereby, as amended from time to time,
containing the scheduling, operating, planning, reliability, and settlement
(including customer registration) policies, rules, guidelines, procedures,
standards, and criteria of SPP. For the purposes of determining
responsibilities and rights at a given time, the Protocols, as amended in
accordance with the change procedure(s) described in the Protocols, in effect
at the time of the performance or non-performance of an action, shall govern
with respect to that action.
or
[Rorschach, Reagan] Use this one below.
&Protocols8 shall mean the Protocols duly adopted by SPP, SERC, NERC, and/or
Entergy, including any attachments or exhibits referenced thereby, as amended
from time to time, containing the scheduling, operating, planning,
reliability, and settlement (including customer registration) policies,
rules, guidelines, procedures, standards, and operations criteria. For the
purposes of determining responsibilities and rights at a given time, the
Protocols, as amended in accordance with the change procedure(s) described in
the Protocols, in effect at the time of the performance or non-performance of
an action, shall govern with respect to that action.
9.&Savings8 shall mean the difference between 1) the total costs to MDEA
and/or the Cities of a Transaction, and 2) the total costs of MDEA and/or the
Cities avoided or displaced by the Transaction, which difference shall be
calculated as described in Article III of this ILA.
not defined in rev 23 definitions
[Rorschach, Reagan] Reference that Savings is defined in the Exhibit (see
attached file "Incentive Fee Calc") |
Understood. Further, after just speaking with Wes, the tax reserve will be adjusted to the previous amount reflecting the initial risk assessment position. Steve.
-----Original Message-----
From: Kitchen, Louise
Sent: Wednesday, May 02, 2001 3:10 PM
To: Douglas, Stephen H.
Cc: Colwell, Wes; Gockerman, Matthew F.; Miller, Don
Subject: RE: FW: Tax reserve on Allegheny Peakers
We are anything but comfortable with changes to reserves particularly at this late stage. The assessment probabilty was increased by Matthew and this was untimely - its as simple as that he needed to do it last fall.
Its not the number, its the timing.
From: Stephen H Douglas/ENRON@enronXgate on 05/02/2001 02:07 PM
To: Louise Kitchen/HOU/ECT@ECT, Wes Colwell/ENRON@enronXgate
cc: Matthew F Gockerman/ENRON@enronXgate
Subject: RE: FW: Tax reserve on Allegheny Peakers
I just spoke with Matthew and he explained that the transaction tax reserve calculation (a summary of which is attached) was prepared (and communicated to the deal group) early last fall. The calculation indicates that the aggregate transaction tax exposure (including penalties) is $12,940,182. The initial suggested tax reserve related to this exposure was approximately 1/2 of this amount but, after discussions with Don last week, was increased to 100 percent - thus the increase in tax reserve of approximately $6,000,000. Thus, as evident, it is not that a calculation was incorrect but that its assessment probability was increased and thus the suggested tax reserve changed. Matthew was influenced in increasing the applicable level of risk related to the transaction by a desire to more conservatively posture Enron after the completion of the disposition and to insure that subsequent period "surprises" did not occur - obviously, to the extent that collective management is of the belief that such a conservative posture is not appropriate then the tax reserve amount may be reduced. Matthew spoke with Don before the change was proposed and was under the impression that all were comfortable with the change before it was made - ultimately, we will realize the reserved amount in earnings as the risk of the tax planning strategies subsides. Matthew will be back in the office on May 8 and ready to speak with whomever desires at that time. I am attending the Enron Law Conference beginning this afternoon, followed by the Enron Industrial Markets Offsite next Monday and Tuesday but can be reached on my cell phone at 713-817-5052. Best regards. Steve.
<< File: AES Transaction Tax Reserve.xls >>
-----Original Message-----
From: Kitchen, Louise
Sent: Tuesday, May 01, 2001 5:55 PM
To: Douglas, Stephen H.
Cc: Colwell, Wes; Don Miller/HOU/ECT@ENRON
Subject: Re: FW: Tax reserve on Allegheny Peakers
This is a substantial difference which was not requested when the deal was done. I am waiting for Matthew to return and explain why his opinion changed. I am more concerned that we are making such a change having got it wrong to start with rather than the change itself.
From: Stephen H Douglas/ENRON@enronXgate on 05/01/2001 12:07 PM
To: Wes Colwell/ENRON@enronXgate
cc: Louise Kitchen/HOU/ECT@ECT
Subject: FW: Tax reserve on Allegheny Peakers
Wes, attached is the explanation for the Allegheny tax reserve. I do not know why it was increased when it was. It was my understanding that the reserve had been quantified by Matt Gockerman in my group and requested some time ago and that Don and the commercial leads were aware of this. This may be coming across as an increase when in reality it is simply properly booking currently that which was previously expected (said differently, without the disposition we would have spread the tax over time and with the disposition it became necessary to accelerate it as reflected in the tax reserve). As always, I have asked that only the absolutely necessary amount be reserved. Please call me at ext. 30938 to further discuss this matter. Best regards. Steve.
-----Original Message-----
From: Douglas, Stephen H.
Sent: Monday, April 30, 2001 8:32 PM
To: Kitchen, Louise
Subject: RE: Tax reserve on Allegheny Peakers
The reserve referred to relates to Sales and Use tax ("Sales/Use tax") liability related to the purchase and use by the Peaker project companies of various equipment (i.e., turbines in Illinois and transformers in Tennessee and Indiana) used to construct the Peaker facilities in Illinois, Indiana and Tennessee. Enron bears this tax obligation under the Sales Agreement pursuant to which we sold the Peakers to Allegheny (effectively, this tax liability is a "pre-acquisition date" tax liability that we, as the seller, are responsible for). Typically, the equipment used to construct the Peakers would be assessed Sales/Use tax when purchased by the Project company that built the respective Peaker and that tax would effectively be passed on to the buyer in a sale such as that to Allegheny. The EWS Tax Department structured the acquisition of the respective equipment to either avoid the Sales/Use tax or to spread the cost of such tax over time (for example, a sales-leaseback strategy was employed in Illinois to spread the cost of the Sales/Use tax over many years as lease payments are made rather than pay it up front). Ultimately, we benefitted from this since we did not use as much cash in constructing the Peakers and earned more from the disposition of the Peakers than we otherwise would have since the counterparty would have (and we believe did in the specific case of Allegheny) modelled the cost of the Peakers as including the full current payment of such Sales/Use tax. That said, we have requested that a portion of the disposition proceeds from the sale of the Peakers be reserved until the applicable statute of limitations related to the types of strategies that were employed to achieve the above described results expires since there is risk that our position could be challenged and, if challenged, there is a risk that we would not prevail. Matt is out until May 8 (he is a recent father of a baby girl) but upon his return is available with me to discuss this matter with whomever you would like. Matt has worked closely with Don and others in the Generation Asset group and has assured me that the suggested reserve is a sound (not overly conservative nor liberal) position. Best regards. Steve.
-----Original Message-----
From: Kitchen, Louise
Sent: Monday, April 30, 2001 3:18 PM
To: Matthew F Gockerman/HOU/ECT@ENRON
Cc: Stephen H Douglas/HOU/ECT@ENRON; Don Miller/HOU/ECT@ENRON
Subject: Tax reserve on Allegheny Peakers
I notice that our gain has substantially decreased due to a tax reserve increase of $5m. Why has this been added and why so recently?
Regards
Louise |
May 17, 2000
Via Internet
MEMORANDUM
TO: Interested Clients
FROM: John & Hengerer
RE: Commission Meeting -- May 17, 2000
At today's meeting, the Commissioners approved the consent agenda and then
discussed the following items.
ELECTRIC MATTERS
Alliance Companies, et al., Docket Nos. ER99-3144
In December 1999, the Commission issued an order conditionally authorizing
the formation of the Alliance RTO. At today's meeting, the Commissioners
denied (by a margin of 3 to 1, Commissioner Hebert dissenting) rehearing of
the December 1999 order. The Commissioners also unanimously rejected
(Commissioner Massey concurring) Alliance's compliance filing.
In its original filing, Alliance proposed allowing each of its 5 active
owners to retain up to a 5 percent ownership interest in the RTO (up to 25
percent total ownership by active owners). The December 1999 order rejected
this proposal as contrary to the independence principle outlined in Order No.
2000, which states that active ownership should be limited to a total of 15
percent unless special circumstances are shown. Rejecting requests for
rehearing, the majority concluded that Alliance had failed to justify active
member ownership in excess of 15 percent. Dissenting, Commissioner Hebert
argued that (i) the 15 percent benchmark is arbitrary and should not be
viewed as creating a binding legal requirement. and (ii) limiting active
ownership will provide a disincentive for other utilities to join the RTO.
3
The Commissioners also rejected Alliance's compliance filing submitted to
satisfy the terms of the December 1999 order. In addition to failing to
correct the active ownership issue outlined above, the Commissioners faulted
Alliance for not eliminating pancaked rates and for not addressing issues
associated with the RTO's scope and configuration. Commissioner Massey
indicated that he would write a concurrence to stress that Aseams@ agreements
do not negate the need to review the RTO's scope and configuration to ensure
that it is properly designed and sized.
Southwest Power Pool, Docket No. EL00-39
The Commissioners unanimously rejected, as failing to meet the requirements
of Order No. 2000, the Southwest Power Pool's (SPP) RTO proposal.
Commissioner Massey, who moved the item to the discussion agenda, cited the
following shortcomings in SPP's proposal: (i) operational control of
transmission facilities was not turned over to the RTO; (ii) the RTO's
proposed open-access transmission tariff did not comply with Order No. 2000;
(iii) no real-time balancing market had been proposed; (iv) lingering
concerns with the RTO's governance structure; and (v) the RTO's proposed
scope and configuration are inadequate. Commissioner Massey encouraged the
SPP to join other entities seeking to form an RTO, or consider merging with
the Midwest ISO.
Notice of Interim Procedures to Support Reliability and Request for Comments,
Docket No. EL00-75
The Commissioners unanimously approved short-term procedures designed to
address Summer 2000 reliability concerns. The approved measures provide for
(i) streamlining FERC procedures to promote on-site, distributed generation,
(ii) waiving prior-notice requirements for load-reduction agreements, (iii)
improving demand-side price signals, (iv) requiring more extensive OASIS
posting of available transmission capacity; and (v) making Commission Staff
more available to the industry to address reliability concerns. Comments on
the proposed short-term measures are due by June 2, 2000.
Additionally, agreeing that the short-term procedures are very minimal in
nature, the Commissioners requested comments on long-term reliability
issues. Comments are due by June 30, 2000.
Finally, Commissioner Hebert indicated that he would write a separate
concurrence to express his belief that competitive forces are the answer to
reliability concerns and to criticize the Commission for not eliminating
artificial price caps and promoting competitive rates. Commissioner Hebert's
accusation that the Commission was more concerned with politics than good
policy touched off a heated debate, with Chairman Hoecker reciting FERC
successes and Commissioner Massey scoffing at Commissioner Hebert's
suggestion that price caps were to blame for generation shortages.
GAS MATTERS
Regulation of Short-Term Natural Gas Transportation Services, Regulation of
Interstate Natural Gas Transportation Services, Docket Nos. RM98-10, RM98-12
The Commissioners unanimously addressed and generally denied requests for
rehearing of Order No. 637. Finding that Order No. 637 strikes a good
balance between competing interests, the Commissioners indicated that their
order would, with several exceptions, uphold the mandates of the order. The
Commissioners expressly noted that requests for rehearing of
right-of-first-refusal (ROFR) roll-up issues would be denied. Order No. 637
states that, if a pipeline is fully subscribed, a party wishing to exercise a
ROFR will be required to match competing bids, even if a competing bid
exceeds the maximum rate for the capacity.
Revisions and clarifications of Order No. 637 approved by the Commissioners
at today's meeting include:
(1) shippers with multi-year contracts at max rates for seasonal service will
retain their ROFR;
(2) pipelines will be required to post available capacity within one hour of
each nomination cycle, rather than within one day as directed by Order 637;
(3) short-term capacity release transactions must be posted within one hour
of the first nomination under the contract, rather than upon the execution of
the contract as stated in Order No. 637; and
(4) Order No. 637's OFO penalty and imbalance provisions will be clarified in
the Commission order.
Although comments at today's meeting were brief, we anticipate a lengthy
order addressing the numerous issues raised by parties in their requests for
rehearing. |
Find these stories and more at
http://www.redherring.com
------------------------------------------------------------
TOP STORY: A look at last year's top IPOs, VC firms, and
banks -- before and after the fall.
Going public: IPO review for 2000
http://www.redherring.com/index.asp?layout=special_report_gen&channel=30000003&rh_special_report_id=670000067&doc_id=1380019338
------------------------------------------------------------
A D V E R T I S E M E N T
Join EYESTORM for its private opening, June 5 in NY, 6-9 pm!
Pioneering art media company EYESTORM--with limited edition
artworks by acclaimed artists from Jeff Koons to Andy Warhol
--celebrates the opening of its unique art space in NY at 60
Mercer Street @ Broome. Click here for an private invite:
http://www.eyestorm.com/newyork
A D V E R T I S E M E N T
------------------------------------------------------------
Catch of the Day: Trade you
In an economy in which the superstars let us down, who are
the heroes? I submit it's the guys out there buying stuff.
Consumer confidence is surprisingly high. It's as if real
people are ignoring the soggy market, the dot-com washout,
and the recessionary mutterings from Gray Davis and Alan
Greenspan.
But aside from a tax cut, how are we going to recognize the
troops? As it happens, a San Francisco company, PeopleCards,
is reacting to our culture's superstar obsession by making a
series of trading cards with real people on them. People can
even submit themselves as candidates on the PeopleCards
site.
Now, if this takes off, it'll be a fad. Yet it's worth
noting that the major sports card manufacturers (like Topps)
are considering, if not already producing, non-sports cards.
In talking to PeopleCards president Brant Herman, it
occurred to me that making limited runs of cards for private
use (as promotional items, for example) could be a nice
business. But there are already companies doing this.
While it's unlikely that the public will want to mint its
own celebrities, if it does, an exit for this experiment
could be an acquisition by one of the major card companies.
- Rafe Needleman, [email protected]
Editor, http://www.redherring.com
COMPANIES
* PeopleCards
http://www.peoplecards.net
* Topps
http://www.topps.com
* Trading Faces
http://www.tradingfaces.com
RELATED STORIES
* Is it simply boom, interrupted?
http://www.redherring.com/index.asp?layout=story&channel=20000002&doc_id=150019415&rh_special_report_id=
* A mixed tech report card for President Bush
http://www.redherring.com/index.asp?layout=story&channel=10000001&doc_id=50019205
* Ten tech stocks to avoid
http://www.redherring.com/index.asp?layout=story&channel=20000002&doc_id=1950018595
* The Angler on California's depressive personality
http://www.redherring.com/index.asp?layout=story&doc_id=1550018355&channel=70000007
* Market Currents: Will Greenspan make the kindest cut?
http://www.redherring.com/index.asp?layout=story&channel=20000002&doc_id=1520019352
* The ten zaniest VC pitches
http://www.redherring.com/index.asp?layout=story&channel=40000004&doc_id=700017670
------------------------------------------------------------
A D V E R T I S E M E N T
Join EYESTORM for its private opening, June 5 in NY, 6-9 pm!
Pioneering art media company EYESTORM--with limited edition
artworks by acclaimed artists from Jeff Koons to Andy Warhol
--celebrates the opening of its unique art space in NY at 60
Mercer Street @ Broome. Click here for an private invite:
http://www.eyestorm.com/newyork
A D V E R T I S E M E N T
------------------------------------------------------------
VC and Startups
How do you boot out your CEO? Why isn't Reno a great place
to start a B2B company? How do you spot a bad VC? Mayfield's
David Ladd returns to answer these and many more reader
questions.
VC P.S.: Suck it up, part 2
http://www.redherring.com/index.asp?layout=story&channel=40000004&doc_id=730019473&rh_special_report_id=
Inside Tech
Researchers are exploring the use of living cells and micro-
organs to warn of the presence of dangerous toxins and aid
in the discovery of new drugs.
Lab Rat: Building a better canary
http://www.redherring.com/index.asp?layout=story&channel=10000001&doc_id=740019474&rh_special_report_id=
------------------------------------------------------------
UPCOMING RED HERRING EVENTS
Venture Market Europe
June 11 - 12
Hilton Park Lane
London, UK
Herring on Hollywood
July 30-31
Century Plaza Hotel
Los Angeles CA
Venture Market East
Sept 25 - 26
Fairmont Hotel
Boston MA
http://events.redherring.com/
------------------------------------------------------------
SPECIAL OFFER on RED HERRING magazine!
Stay on the cutting edge of technology -- subscribe to Red
Herring. By taking advantage of this special offer, you'll
pay only $39 for a total of 24 issues and SAVE 67 percent
off the cover price! New subscribers only, please.
http://www.redherring.com/index.asp?layout=magazine_us_subscrib
------------------------------------------------------------
ADVERTISING INFORMATION
For information on advertising in Red Herring
newsletters, contact: [email protected]
------------------------------------------------------------
You are currently subscribed to Catch of the Day with the
address [email protected]. If you wish to unsubscribe,
please go to
http://www.redherring.com/index.asp?layout=e_newsletters,
sign in using this exact address, and uncheck the
newsletters you no longer want to receive.
------------------------------------------------------------
Copyright (c) 2001 Red Herring Communications
All rights reserved
------------------------------------------------------------ |
Mark,
Inasmuch as you expect to close the 3rd 1/3rd of the "Preston" deal later
today, Susan Pereira has confirmed that the East Desk will pay TGT index plus
$0.005 for this package as described below:
a. 35 month term commencing 2/1/2001 and ending 12/31/2003
b. firm purchase and firm transport for 90% of the wellhead volume, starting
at 90% of 5,783 per day and declining
c. gas daily purchase and interruptible transport for the remaining 10% of
the wellhead volume
Enron Upstream will keep the desk financially whole should volumes for the
90% firm component fail to show up on any given day of the 35 month term
The ENA Wellhead Desk will pay you TGT index plus $0.0025
George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 01/17/2001
10:22 AM ---------------------------
Enron North America Corp.
From: George Weissman 12/29/2000 08:31 AM
To: Lia Halstead/NA/Enron@ENRON
cc: Gary Bryan/HOU/ECT@ECT, Eric Moon/HOU/ECT@ECT, John
Griffith/Corp/Enron@Enron, Eric Wardle/HOU/ECT@ECT, Linda
Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, William Kelly/HOU/ECT@ECT,
Robert Crockett/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA
Lia, Jay Hartman (281.367.8697) has verbally advised us that the SL 14521 #1
well will be shut-in for a short period and has therefore requested that we
reduce the existing nomination for 01/2001 at TGT meter 9502 on sitara deal
540814 from 316 Mmbtu/d (13% of 2,434 Mmbtu/d) to 0. You indicated you will
reduce the nomination to 0 for the entire month; we will notify you once
production re-commences and the nomination should be re-entered at its
previous level.
Jill, this gas was purchased from Hunt in December by the East Desk, so no
Wellhead Desk changes are required for this month.
George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 12/29/2000
08:11 AM ---------------------------
Enron North America Corp.
From: George Weissman 12/28/2000 05:58 PM
To: Samuel Schott/HOU/ECT@ECT
cc: Melissa Graves/HOU/ECT@ECT, Lia Halstead/NA/Enron@ENRON, Gary
Bryan/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA
Sam, the counterparty record for St. Mary's Production LLC (BA 88272) does
not include a DnB status. It is my understanding that our East Desk cannot
schedule St. Mary's gas without a DnB number. Could you please have a DnB
number established for St. Mary's Production LLC? Thanks.
Due to the holidays, I sent a copy of this note to both Mary and Jason.
George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 12/28/2000
05:44 PM ---------------------------
Enron North America Corp.
From: George Weissman 12/27/2000 08:17 AM
To: Judy Townsend/HOU/ECT@ECT
cc: Susan W Pereira/HOU/ECT@ECT, Gary Bryan/HOU/ECT@ECT, Eric
Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron, Eric Wardle/HOU/ECT@ECT,
Linda Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Lia Halstead/NA/Enron@ENRON,
William Kelly/HOU/ECT@ECT, Robert Crockett/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA
Judy,
Confirming our telephone conversation of this morning, please convert the gas
daily volume of 1,157 Mmbtu/d for 1/2001 on ticket 541140 (intra-desk) to an
increased volume of 2,434 Mmbtu/d for 1/2001 at Index plus $0.005.
With respect to the Wellhead Desk/St. Mary's ticket, please also convert the
gas daily volume of 1,157 Mmbtu/d for 1/2001 on ticket 540814 to an increased
volume of 2,434 Mmbtu/d for 1/2001 at Index plus $0.0025.
Currently, the volumes are split 50-50 between meters 9437 and 9502. We
actually expect 87% of the volume at meter 9437 and 13% of the voume at meter
9502.
George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 12/27/2000
07:59 AM ---------------------------
Enron North America Corp.
From: George Weissman 12/20/2000 09:01 AM
To: Eric Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron
cc: Gary Bryan/HOU/ECT@ECT, Eric Wardle/HOU/ECT@ECT, Linda
Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Lia Halstead/NA/Enron@ENRON,
William Kelly/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA
Eric (Moon) and John, attached are the tickets for the physical part of the
Preston VPP deal. Please work with Will Kelly to have them entered into
Sitara and provide me with the deal numbers.
Eric (Wardle), we'll need to get contract numbers established for the
Counterparty Firm Agreement (ECT Merchant Investments) and the Counterparty
Spot Agreement (St. Mary's Production LLC). Have either of these agreements
yet been executed? If not, should we generate a spot gtc for the St. Mary's
spot production?
George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 12/20/2000
08:31 AM ---------------------------
Enron North America Corp.
From: George Weissman 12/19/2000 08:03 AM
To: Eric Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron
cc: Gary Bryan/HOU/ECT@ECT, Eric Wardle/HOU/ECT@ECT, Linda
Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA
Eric & John
ECT Merchant Investments Corp. has entered into a Volumetric Production
Payment agreement with St. Mary's Production LLC which provides for the
dedication of St. Mary's non-operated gas production from the Hunt Oil
Company operated Myette Point Northwest Field. ECT Merchant Investments
Corp. has arranged for the Enron North America Upstream Wellhead Desk to
manage the sale, nomination and transport of this production.
Could you please get us a quote to purchase this wellhead gas on a firm basis
based on the following:
a. 30 month term commencing 1/1/2001 and ending 6/30/2003
b. firm purchase and firm transport for 90% of the wellhead volume, starting
at 90% of 11,567 per day and declining as defined on the last tab labelled
"Volume" on the spreadsheet attached
c. gas daily purchase and interruptible transport for the remaining 10% of
the wellhead volume
Enron Upstream will keep the desk financially whole should volumes for the
90% firm component fail to show up on any given day of the 18 month term
Drafts of proposed Deal Tickets are attached.
George x3-6992 |
HOTEL DISCOUNTS TRAVEL NEWSLETTER [IMAGE]
?THIS WEEK'S FEATURES, November 9, 2000
[IMAGE]
Hotel Special #1
New York
Info: Park Central
Rates from $135.95
1/01/01-3/31/00
Limited Availability
BOOK ONLINE
[IMAGE]
Hotel Special #2
Las Vegas
Info: Showboat Hotel & Casino
Rates from $39.95
12/10/00-12/24/00
Limited Availability
BOOK ONLINE
[IMAGE]
Hotel Special #3
San Francisco
Info: Ramada Plaza Int'l
Rates from $99.95
11/12/00-12/28/00
Limited Availability
BOOK ONLINE
Hotel Special #4
Anaheim
Info: Westcoast Anaheim
Rates from $59.95
11/9/00-12/31/00
Limited Availability
BOOK ONLINE
Hotel Special #5
Orlando
Info: Wellesley Inn & Suites
Rates from $59.95
11/13/00-12/23/00
Limited Availability
BOOK ONLINE
More Hot
Hotel Specials
We offer hotel discounts in many other major cities worldwide. For a list of
our top hotel specials in these cities.
- CLICK HERE -
CITY ON SALE
Chicago is on Sale With Rates As Low As $99.95 with its City-Of-The-Week
Promotion. Travelers will find additional discounts to HRN's already reduced
rates in Chicago. For the list of Chicago Hotel Specials and availability,
click here
REBATE UP TO $100!
Book 3 nights or more and get up to $100 cashback. For further details, click
here
EARN COMMISSION! PARTNER WITH HRN!
If you have a website and are interested in earning big commissions (some
earn more than $60,000 per month) and becoming an affiliate of Hotel
Reservations Network, click here
INTERESTED IN HIGHER OCCUPANCY AT YOUR HOTEL?
More than 100,000 people view HRN's website everyday! Now you can join our
fantastic service at NO COST to your hotel. For details, email Andy Pells at
[email protected] or - click here -
ADVERTISE WITH HRN Advertising is available on it's two websites,
hoteldiscounts.com and 180096hotel.com! HRN will also take bids for what is
the most targeted position of all on the bottom of every hotel confirmation
email as reservation has been made. Please contact Michael Stover at
305-892-6880 ext. 216
THIS WEEK'S ADVERTISERS
BID4VACATIONS.COM -
Ten-Night Tahiti Cruise with Air from LA - Bidding Starts at $1!
- click here -
Last 15 Cabins! Four-Night Caribbean Cruise for Two on Norwegian Majesty -
Buy Now for $299! - click here -
Plus, when you register at Bid4Vacations.com you will be entered to win a
FREE LAS VEGAS VACATION FOR TWO! Click here to visit Bid4Vacations.com -
click here -
TRAVEL DEALS AT TRIP.COM -
Always on the go? TRIP.com makes your travel planning easier with one-stop
shopping. And we've got hot new deals on airfare, hotel, and car rentals. -
click here -
DESTEO.COM -
Locate accommodations, research destinations, discover vacation activities
and more at www.desteo.com. Desteo offers the Web's most complete collection
of FREE travel guides, maps and brochures - plus a world of online
information like climate, language tips, local knowledge and more. So visit
Desteo today and just imagine where you could go. - click here -
CHEAPAIRLINES.COM -
CheapAirlines.com is an online real time discount travel agency, where you
can book domestic and international flights, arrange for rental cars and book
hotel rooms, all at the click of your mouse. You can either specify
particular airlines, rental car companies, hotel chains etc., or
CheapAirlines.com can search based on the lowest prices available. -
click here -
VEGAS4VISITORS.COM -
If you're thinking about a trip to Las Vegas you have to check out
Vegas4Visitors.com, the most comprehensive source for Las Vegas travel
planning information on the web. - click here -
REAL DISCOUNT GOLF TRAVEL -
Professional Golf Services offers: 1) Real Discount Golf Packages, 2)
Discount Accommodations & Golf Resorts, 3) Golf Travel Gift Certificates, Any
Amount for Any Destination, 4) Tee-Times at More Than 200 Golf Courses
"Golf Travel Gift Certificates.....Great for Christmas"
Great Christmas Gifts or for any occasion.....Give your friends, your spouse,
your family, your boss or other golfer a golf travel certificate. They may be
purchased for any $$$$ amount and for any destination. - click here -
CATALOGSAVINGS.COM -
World's Best Catalogs & Discount Shopping Certificates - Order them FREE!
Shop and Save on gifts, clothing, jewelry, gourmet, gardening, auto, books,
fitness, electronics, kitchen, toys and much more. - click here -
AWAY.COM -
Extraordinary Vacations at Affordable Prices from Away.com Away.com, the
leader in extraordinary travel, offers affordable trips for even the tightest
budget. Jamaica, Australia, Hawaii and more, all at less than $100 a day. -
click here -
CITYSEARCH.COM -
For happenings and activities in New York - click here -
THIS WEEK'S UNIQUE READER'S TIP Have a travel tip? Send your best tips regarding
any travel advice, travel experience or other travel-related stuff to
[email protected]
SUBSCRIBE AND UNSUBSCRIBE To Subscribe to the Hot Deals Travel Newsletter,
send a message to [email protected] If you want to
unsubscribe please see the footer at the bottom of this page.
DISCLAIMER Although every effort is made to ensure accurate information, HRN
is not responsible for any errors in this newsletter.
---
You are currently subscribed to clone as: [email protected]
To unsubscribe send a blank email to
[email protected] |
[IMAGE]
Store
Member:
Spec's Wines, Spirits & Finer Foods
Members > E-mail
[IMAGE]
Hi ELIZABETH A. AND GRANT A.,
Spec's Wines, Spirits & Finer Foodsand WineISIT.com have teamed up to offer
you some great savings on your favorite wines and spirits.
We hope you enjoy these WineISIT.com specials.
5% discount is available for those not using credit cards. Use of debit cards
earns the 5% cash discount.
Both regular and cash discount prices are listed. Specials available at all
locations.
E-mail any questions or comments about these special offers to:
[email protected]
Spec's largest and most famous location is at 2400 Smith St. on the south
edge of downtown. 16 other locations are around Houston. Exact locations
available here.
Spec's is famous for providing customers more wine, liquor, beer and
specialty foods and at lower prices than anyone in Texas.
Store Hours:
All stores are open from
10AM to 9PM Monday through Saturday.
Charge Cards Honored:
American Express, Mastercard, Visa, Discover cards.
To arrange delivery, call order department at 713-526-8787
Spec's is not responsible for mis-prints or typographical errors. All
customers must be at least 21 years old.
Spec's, for the good stuff.
[IMAGE]
[IMAGE]
Weekly Deals:
June 4-9, 2001
Paul Jaboulet Parallele 45 C"tes du Rh"ne 750 ml.
[IMAGE]
This fifth-generation producer specializes in Rh"ne Valley wines from their
ideally-situated, carefully tended vineyards. This blend of Syrah and
Grenache has an intense, complex nose, with aromas of ripe red fruit
(raspberries, cassis), violets and licorice. The palate is fresh and rich;
its tannic structure and strength are harmonious and remarkable. Long, fruity
finish.
Cash Discounted Sale Price: $7.88
Sale Price: $8.29
1999 Frei Brothers Reserve Sonoma County Merlot 750 ml.
[IMAGE]
The grapes for this wine were de-stemmed, but not crushed, to retain a
substantial proportion of whole berries for fermentation. This technique
minimizes bitter tannin extraction in the wine. The wine was 100% barrel aged
in a mixture of new and prior use French, European, and American oak for
approximately a year.
Cash Discounted Sale Price: $12.59
Sale Price: $13.25
Marcelina Vineyards, 1997 Cabernet Sauvignon, Napa Valley 750 ml.
[IMAGE]
Concentrated blackberry, black cherry and cassis fruit flavors framed by
smoked bacon, tobacco, cedar notes, and coconut characteristics. Full-bodied
with a velvety, silky texture and a lingering finish.
Cash Discounted Sale Price: $19.99
Sale Price: $21.04
Gallo of Sonoma Barrelli Creek Vineyard Zinfandel 750 ml.
[IMAGE]
Our family's Barrelli Creek Vineyard is located in the temperate, Region III
hillsides of Sonoma County's Alexander Valley; on a site first planted by
Italian immigrants over a century ago. The low vigor of this vineyard's
gravelly clay loam soils, in combination with its micro-climate and optimal
viticultural practices, yield intensely concentrated Zinfandel and Petite
Sirah grapes loaded with the zesty aromas and flavors of black cherries,
boysenberry jam, and black pepper.
Cash Discounted Sale Price: $12.82
Sale Price: $13.49
Jim Beam Bourbon 80o 1.75L
[IMAGE]
A bourbon of great finesse and subtle nuance, neither light nor heavy, but
rather a mellow "baritone" of a spirit. It is distinctive not because it is
different, but because it is perfect.
Cash Discounted Sale Price: $19.99
Sale Price: $21.04
Belvedere Vodka 80o750ml.
[IMAGE]
One of the first grain-based deluxe vodkas of Poland, known for its strong
Polish character and its unique bottle, with a window on the front through
which the illustration on the back (of the official residence of the Polish
president in Warsaw) can be seen magnified by the vodka.
Cash Discounted Sale Price: $24.99
Sale Price: $26.31
Beaufond V.S.O.P. Cognac 80o750ml.
[IMAGE]
This small but excellent producer is situated in the heart of the Grande
Champagne district. Masterfully blended and distinctively packaged, it is one
of the best values for the price in Cognac.
Cash Discounted Sale Price: $14.99
Sale Price: $15.78
Edna Valley Chardonnay 750 ml.
[IMAGE]
Located just south of San Luis Obispo on California's Central Coast, Edna
Valley is ideally situated for the production of premium Chardonnay and Pinot
Noir. Their Chardonnay is full-bodied with smoky aromas of vanilla, oak and
spice. The mouthfeel is soft and lush, but at the same time intense, with
ripe flavors of white peach, apple and tropical fruits. A subtle mineral
component complements the higher acid level, lending structure, balance, and
complexity.
Cash Discounted Sale Price: $12.99
Sale Price: $13.67
Lindemans Shiraz/Cabernet, Cawarra 1.5L.
[IMAGE]
Dr. Henry Lindeman planted his first grape vines in 1843 along the Paterson
River in New South Wales, Australia. His homestead, Cawarra, is named after
the aboriginal term for "beside running water," and Cawarra Claret was the
first wine he exported. Today, the Cawarra line commemorates these first
wines. The Shiraz/Cabernet is easy drinking and approachable with generous
varietal fruit flavors and aromatic oak in the background.
Cash Discounted Sale Price: $6.88
Sale Price: $7.24
For more Monthly Specials click here.
WineISIT.com Member E-mail is a special service for WineISIT.com members. If
you wish to unsubscribe to this E-mail, simply click here and update your
preferences on our E-mail preferences page. We'll remove you from our member
E-mail list as quickly as possible. |
===================================================
JoC Online Daily E-mail Newsletter
Monday Edition
October 29, 2001
Independence Day (Cyprus, Turkey)
www.joc.com
===================================================
Take the Daily Quiz, sponsored by APL.
The Quetzal is the currency of which Central
American nation?
Click on
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50PuU0Au
===================================================
TODAY'S TOP HEADLINES:
* Coast Guard alert after Italy terror arrest
* UPS in consulting business
* FedEx Corp. updates 2Q forecast
* CMA CGM warns on profits, sells ACL stake
* Swissair could be grounded again
* New restrictions on border bridges, tunnels
* World Trade Centers' mission "stronger than ever"
* Air cargo sales agents form alliance
* Tank database goes online
* Russian lifeline for Kvaerner
* Logistics.com signs Rite Aid
* JoC Week Special Report: A defense of the Jones Act
===================================================
ADVERTISE IN THE ONLY MEDIUM THAT IS SPECIFIC TO
YOUR INDUSTRY!
Subscribers rely on the Transportation Telephone
Tickler as the only source to find the geographic
and alphabetical listings on over 20,000 companies.
The deadline to advertise in the National Edition
is November 30th. The advertising benefits are
endless. Call (800) 222-0356 or visit
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50QfI0AU
for more information. Mention Code ENL1.
===================================================
COAST GUARD ALERT AFTER ITALY TERROR ARREST
Italian authorities were investigating an Egyptian
stowaway hidden in a container furnished with a
bed, toilet and communications gear.
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50RUp0Ar
UPS IN CONSULTING BUSINESS
United Parcel Service eyes a lucrative share of
the market beyond traditional supply chain services.
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50RUq0As
FEDEX CORP. UPDATES 2Q FORECAST
In its first estimate, the company said earnings
will range from 40-45 cents per share.
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50RUr0At
CMA CGM WARNS ON PROFITS, SELLS ACL STAKE
First-half net income rose 13%, but the carrier
said full-year earnings will fall significantly below
2000 results.
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50RUs0Au
SWISSAIR COULD BE GROUNDED AGAIN
Flights are in doubt again as the subsidiary that
maintains the airline's fleet warned it is running
out of cash.
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50RUt0Av
NEW RESTRICTIONS ON BORDER BRIDGES, TUNNELS
Trucks in service between the United States and
Canada will face tighter security due to new
restrictions on bridges and tunnels.
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50RUu0Aw
==================ADVERTISEMENT====================
2-day seminar opportunity with low in-season rates
sponsored by National Cargo Security Council and DSI
Security, November 14-16, Radisson Mart Plaza, Miami,
FL. During the recent horrific times, one of the many
questions that has surfaced is "Taking Responsibility".
Over 20 speakers on such subjects as "Who Is Responsible
In Your Company," "Interfacing with Law Enforcement,"
"Reducing Loss Exposure," and many other important
cargo security topics will be presented. Pending
Senate port security bill will be examined in detail.
Exhibit hall included. Reasonable registration fee
of only $199. Contact NCSC at
[email protected].
===================================================
WORLD TRADE CENTERS' MISSION "STRONGER THAN EVER"
The mission of the World Trade Centers Association
remains "stronger than ever" despite the destruction
of the twin towers in New York where the organization
had its headquarters.
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50RUv0Ax
AIR CARGO SALES AGENTS FORM ALLIANCE
A group of air cargo general sales agents have formed
the Airline Business Alliance, saying they can offer
airlines significant cost and service benefits by
combining local market expertise with global coverage.
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50RUw0Ay
TANK DATABASE GOES ONLINE
The American Bureau of Shipping has launched an
electronic-based information system for owners of
tank containers that provides quick access to
inspection reports.
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50RUx0Az
RUSSIAN LIFELINE FOR KVAERNER
Russia's Yukos Oil announced a $150 million rescue
package for Kvaerner that will keep the troubled
Anglo-Norwegian company that owns the Philadelphia
Shipyard afloat for another week.
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50RUy0A1
LOGISTICS.COM SIGNS RITE AID
The third-largest drug store chain in the United
States, has contracted with Logistics.com,
the Burlington, Mass.-based transportation
management technology company, to provide it
with strategic transportation buying services.
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50RUz0A2
...and only in JoC WEEK
A DEFENSE OF THE JONES ACT
A new study says shippers in the Puerto Rico trade
are enjoying good rates and service.
To subscribe, visit
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50RHs0Ah
===================================================
SUBSCRIBE to JoC WEEK and get access to JoC ONLINE
Go to
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50PuU0Au
for complete coverage of international trade and logistics.
===================================================
TO SPONSOR THE E-NEWSLETTER OR ADVERTISE IN JoC ONLINE
Call Tammarra Askew at 973-848-7077 or e-mail: [email protected]
~~~~~~~~~~~~~~~~~~~~~
FEEDBACK
E-mail: [email protected]
~~~~~~~~~~~~~~~~~~~~~
TO UNSUBSCRIBE
[email protected]
~~~~~~~~~~~~~~~~~~~~~
Forward To An Associate
If you haven't already done so, please forward this
newsletter to one or two of your business associates.
Reading A Forwarded Copy of This E-Mail?
Now you can receive you own daily e-mail newsletter
with a summary of the day's top stories delivered
right to your own e-mail in-box. To subscribe,
simply click on
http://news.joc.com/cgi-bin7/flo?y=eDXb0BejkZ0n50QEo0AZ
~~~~~~~~~~~~~~~~~~~~~
CUSTOMER SERVICE
Phone: (800) 331-1341
E-mail: [email protected]
JoC ONLINE
Phone: 973-848-7000
Fax: 973-848-7016
Mail: JoC Online
33 Washington Street
13th Flr.
Newark, NJ 07102-3107
Copyright 2001 The Journal of Commerce Group |
Subsets and Splits