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247 | re : meter 98 - 9699 & 98 - 2662 ( receipt meters w / delivery noms ) this is the fuel that is buy and sell between hplc and hplr . for meter 9699
it ' s 2 . 5 % and for meter 2662 it ' s 4 % . however , the volume is a fixed amount
every month and is kept whole .
jackie young
02 / 04 / 2000 02 : 51 pm
to : anita luong / hou / ect @ ect
cc : lauri a allen / hou / ect @ ect , daren j farmer / hou / ect @ ect , pat
clynes / corp / enron @ enron , clem cernosek / hou / ect @ ect
subject : meter 98 - 9699 & 98 - 2662 ( receipt meters w / delivery noms )
anita ,
there is a delivery nom of 22 @ the above mentioned meter for 1 / 99
production . this is a receipt meter .
can you please explain the purpose of this delivery nom being @ this receipt
meter ? i also have the same situation @ 98 - 2662 for 1 / 99 . also , this
activity is continuing on into 2 / 99 .
clem cernosek expressed that these delivery noms are causing errors on his
end of the spectrum .
- - - - - - - - - - - - - - - - - - - - - - forwarded by jackie young / hou / ect on 02 / 04 / 2000 02 : 31
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
lauri a allen
02 / 04 / 2000 01 : 13 pm
to : jackie young / hou / ect @ ect
cc : daren j farmer / hou / ect @ ect , pat clynes / corp / enron @ enron
subject : meter 9699
jackie -
i cannot for the life of me remember why this sale deal is in there . i do
believe it is valid and is a part of the purchase deal with tesoro . jill
zively was the dealmaker and could probably answer your question as could
george weissman and melissa graves . you might also check with anita , the
allocator , to see the support she gets for the allocation . this may give you
some clue as to what this volume represents . ( let me know , too , since i hate
forgetting things ! ! ! ! ) | 0 | ham | re : meter 98 - 9699 & 98 - 2662 ( receipt meters w / delivery noms ) | this is the fuel that is buy and sell between hplc and hplr . for meter 9699
it ' s 2 . 5 % and for meter 2662 it ' s 4 % . however , the volume is a fixed amount
every month and is kept whole .
jackie young
02 / 04 / 2000 02 : 51 pm
to : anita luong / hou / ect @ ect
cc : lauri a allen / hou / ect @ ect , daren j farmer / hou / ect @ ect , pat
clynes / corp / enron @ enron , clem cernosek / hou / ect @ ect
subject : meter 98 - 9699 & 98 - 2662 ( receipt meters w / delivery noms )
anita ,
there is a delivery nom of 22 @ the above mentioned meter for 1 / 99
production . this is a receipt meter .
can you please explain the purpose of this delivery nom being @ this receipt
meter ? i also have the same situation @ 98 - 2662 for 1 / 99 . also , this
activity is continuing on into 2 / 99 .
clem cernosek expressed that these delivery noms are causing errors on his
end of the spectrum .
- - - - - - - - - - - - - - - - - - - - - - forwarded by jackie young / hou / ect on 02 / 04 / 2000 02 : 31
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
lauri a allen
02 / 04 / 2000 01 : 13 pm
to : jackie young / hou / ect @ ect
cc : daren j farmer / hou / ect @ ect , pat clynes / corp / enron @ enron
subject : meter 9699
jackie -
i cannot for the life of me remember why this sale deal is in there . i do
believe it is valid and is a part of the purchase deal with tesoro . jill
zively was the dealmaker and could probably answer your question as could
george weissman and melissa graves . you might also check with anita , the
allocator , to see the support she gets for the allocation . this may give you
some clue as to what this volume represents . ( let me know , too , since i hate
forgetting things ! ! ! ! ) | 2000-02-04T00:00:00 |
13,119 | fw : re : marathon presentation i will be meeting with marathon tomorrow for lunch . and yes , i am paying this time . please look at the attached presentation . i plan on sending something close to this later this afternoon . i am meeting with lavo at 4 : 30 pm .
mrha
- - - - - original message - - - - -
from : bennett , peter
sent : tuesday , october 02 , 2001 11 : 56 am
to : enerson , john
cc : mrha , jean
subject : re : marathon presentation
importance : high | 0 | ham | fw : re : marathon presentation | i will be meeting with marathon tomorrow for lunch . and yes , i am paying this time . please look at the attached presentation . i plan on sending something close to this later this afternoon . i am meeting with lavo at 4 : 30 pm .
mrha
- - - - - original message - - - - -
from : bennett , peter
sent : tuesday , october 02 , 2001 11 : 56 am
to : enerson , john
cc : mrha , jean
subject : re : marathon presentation
importance : high | 2001-10-02T00:00:00 |
31,408 | mlcros 0 ft update warning - january 25 th why make oracle more money
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tailor
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phone : 219 - 284 - 8341
mobile : 878 - 656 - 7239
email : xujebwrtp @ foothill . net
this is a confirmation message
this version is a 77 hour complementary package
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time : sat , 22 jan 2005 02 : 59 : 39 - 0800 | 1 | spam | mlcros 0 ft update warning - january 25 th | why make oracle more money
we have all your favorite programs at incredibly low pr ! ces
bundle 1 :
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bundle 2 :
macromedia dreamwaver mx 2 oo 4 + flash mx 2 oo 4 - 10 o do | | ars
bundle 3 :
adobe - photoshop 7 , premiere 7 , illustrator lo - 12 o do \ \ ars
the offer is valid till february 14 th
stock is limited
call me soon
trey odonnell
tailor
synergene , attard , bznl 2 , , malta
phone : 219 - 284 - 8341
mobile : 878 - 656 - 7239
email : xujebwrtp @ foothill . net
this is a confirmation message
this version is a 77 hour complementary package
notes :
the contents of this e - mail is for information and should not be mahogany vanquish
diopter bushmaster endow
time : sat , 22 jan 2005 02 : 59 : 39 - 0800 | 2005-01-22T00:00:00 |
16,699 | eol data for june 16 , 2001 eol deals from : 6 / 1 / 2001 to : 6 / 19 / 2001 enpower deals from : 6 / 1 / 2001 to : 6 / 19 / 2001
desk total mwh total deals desk total mwh total deals
epmi long term california 5 , 414 , 800 305 epmi long term california 1 , 302 , 600 45
epmi long term northwest 3 , 952 , 400 199 epmi long term northwest 19 , 597 , 675 245
epmi long term southwest 5 , 884 , 900 479 epmi long term southwest 10 , 772 , 035 186
epmi short term california 1 , 244 , 712 1 , 171 epmi short term california 979 , 622 485
epmi short term northwest 623 , 600 815 epmi short term northwest 743 , 656 391
epmi short term southwest 1 , 071 , 344 1 , 014 epmi short term southwest 1 , 569 , 000 463
grand total 18 , 191 , 756 3 , 983 grand total 34 , 964 , 588 1 , 815
eol deals from : 6 / 19 / 2001 to : 6 / 19 / 2001 enpower deals from : 6 / 19 / 2001 to : 6 / 19 / 2001
desk total mwh total deals desk total deals total deals
epmi long term california 452 , 800 40 epmi long term california 358 , 800 11
epmi long term northwest 294 , 800 19 epmi long term northwest 843 , 800 24
epmi long term southwest 637 , 250 66 epmi long term southwest 608 , 800 25
epmi short term california 59 , 392 86 epmi short term california 140 , 120 53
epmi short term northwest 14 , 400 49 epmi short term northwest 76 , 600 29
epmi short term southwest 77 , 040 98 epmi short term southwest 149 , 600 41
grand total 1 , 535 , 682 358 grand total 2 , 177 , 720 183
ice volumes from : 6 / 19 / 2001 to : 6 / 19 / 2001
delivery point total mwh epmi mwh price
np - 15 ( op , next day ) 200 0 $ 47 . 00
palo ( op , next day ) 200 200 $ 35 . 00
mid c ( p , next day ) 800 0 $ 87 . 00
mid c ( p , bal month ) 3 , 600 0 $ 80 . 00
mid c ( p , juno 2 ) 10 , 000 0 $ 68 . 00
np - 15 ( p , next day ) 400 0 $ 85 . 00
palo ( p , next day ) 400 0 $ 93 . 50
palo ( p , bal month ) 14 , 400 0 $ 92 . 88
palo ( p , julol ) 70 , 000 0 $ 124 . 96
palo ( p , sepol ) 9 , 600 0 $ 105 . 00
palo ( p , octol ) 10 , 800 0 $ 77 . 50
sp - 15 ( p , next day ) 4 , 400 0 $ 94 . 64
sp - 15 ( p , bal month ) 18 , 000 0 $ 83 . 80
sp - 15 ( p , sepol ) 19 , 200 0 $ 103 . 75
grand total 162 , 000 200 $ 1 , 178 . 03 | 0 | ham | eol data for june 16 , 2001 | eol deals from : 6 / 1 / 2001 to : 6 / 19 / 2001 enpower deals from : 6 / 1 / 2001 to : 6 / 19 / 2001
desk total mwh total deals desk total mwh total deals
epmi long term california 5 , 414 , 800 305 epmi long term california 1 , 302 , 600 45
epmi long term northwest 3 , 952 , 400 199 epmi long term northwest 19 , 597 , 675 245
epmi long term southwest 5 , 884 , 900 479 epmi long term southwest 10 , 772 , 035 186
epmi short term california 1 , 244 , 712 1 , 171 epmi short term california 979 , 622 485
epmi short term northwest 623 , 600 815 epmi short term northwest 743 , 656 391
epmi short term southwest 1 , 071 , 344 1 , 014 epmi short term southwest 1 , 569 , 000 463
grand total 18 , 191 , 756 3 , 983 grand total 34 , 964 , 588 1 , 815
eol deals from : 6 / 19 / 2001 to : 6 / 19 / 2001 enpower deals from : 6 / 19 / 2001 to : 6 / 19 / 2001
desk total mwh total deals desk total deals total deals
epmi long term california 452 , 800 40 epmi long term california 358 , 800 11
epmi long term northwest 294 , 800 19 epmi long term northwest 843 , 800 24
epmi long term southwest 637 , 250 66 epmi long term southwest 608 , 800 25
epmi short term california 59 , 392 86 epmi short term california 140 , 120 53
epmi short term northwest 14 , 400 49 epmi short term northwest 76 , 600 29
epmi short term southwest 77 , 040 98 epmi short term southwest 149 , 600 41
grand total 1 , 535 , 682 358 grand total 2 , 177 , 720 183
ice volumes from : 6 / 19 / 2001 to : 6 / 19 / 2001
delivery point total mwh epmi mwh price
np - 15 ( op , next day ) 200 0 $ 47 . 00
palo ( op , next day ) 200 200 $ 35 . 00
mid c ( p , next day ) 800 0 $ 87 . 00
mid c ( p , bal month ) 3 , 600 0 $ 80 . 00
mid c ( p , juno 2 ) 10 , 000 0 $ 68 . 00
np - 15 ( p , next day ) 400 0 $ 85 . 00
palo ( p , next day ) 400 0 $ 93 . 50
palo ( p , bal month ) 14 , 400 0 $ 92 . 88
palo ( p , julol ) 70 , 000 0 $ 124 . 96
palo ( p , sepol ) 9 , 600 0 $ 105 . 00
palo ( p , octol ) 10 , 800 0 $ 77 . 50
sp - 15 ( p , next day ) 4 , 400 0 $ 94 . 64
sp - 15 ( p , bal month ) 18 , 000 0 $ 83 . 80
sp - 15 ( p , sepol ) 19 , 200 0 $ 103 . 75
grand total 162 , 000 200 $ 1 , 178 . 03 | 2001-06-19T00:00:00 |
6,690 | re : monday aug . 7 stinson ,
no problem .
vince
stinson gibner
08 / 02 / 2000 12 : 51 pm
to : vince j kaminski / hou / ect @ ect
cc : shirley crenshaw / hou / ect @ ect
subject : monday aug . 7
vince ,
may i take a vacation day next monday , aug . 7 th ?
thanks ,
stinson | 0 | ham | re : monday aug . 7 | stinson ,
no problem .
vince
stinson gibner
08 / 02 / 2000 12 : 51 pm
to : vince j kaminski / hou / ect @ ect
cc : shirley crenshaw / hou / ect @ ect
subject : monday aug . 7
vince ,
may i take a vacation day next monday , aug . 7 th ?
thanks ,
stinson | 2000-08-02T00:00:00 |
10,033 | great news from your bank how are you ,
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your credit has already been reviewed / approved .
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6 .
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please view your details at our site below :
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33,128 | calottery california ( usa ) calottery california ( usa )
3347 east anaheim sreet long beach ,
california , 90884
tel / fax : 001 801 457 8388
e - mail : calottery _ california @ socialevents . com
http : / / www . calottery . com
congratulations ! ! ! !
from the office of the director international promotion calottery
california united state of america
dear sir / madam ,
results for category " b " draws
congratulations to you as we bring to your notice , the results of the
category " b " draws of calottery california usa . we are happy to inform
you that you have emerged a winner under the second category , which is
part of our promotional draws . the draws were held on the 25 th may 2005
by supperlotto and results were officially announced today 9 th june
2005 .
participants were selected through a computer ballot system drawn from
4 , 000 , 000 names / email addresses of individuals and companies from
africa , america , asia , australia , canada , europe , middle east , and new
zealand as part of our international promotions program . you / your email ,
attached to ticket number 4 - 15 - 23 - 26 - 47 - 23 , with drew number # 1893 , and
consequently won in the category " b " . you have therefore been awarded a
lump sum pay out of $ 1 , 000 , 000 . 00 ( 0 ne million united states dollars )
which is the winning payout for category " b " winners . this is from the
total prize of 2 million dollars shared among the 2 international
winners in this category . congratulations ! ! !
your forms has been submitted to our head office . in your best interest
and also to avoid mix up of numbers and names of any kind , we request
that you keep the entire details of your award strictly from public
notice until the process of transferring your claims has been completed ,
and your funds remitted to your account .
this is part of our security protocol to avoid double claiming or
unscrupulous acts by participants / no participants of this program . we
also wish to bring to your notice our mid year ( 2006 ) high stakes where
you stand a chance of winning up to u $ 10 . million , we hope that with a
part of your prize you will participate .
your winning coupon numbers fails to our european processing center
please contact our european processing center immediately , to begin your
claim process ;
mrs patricia or mr juan - phillip
director of operations
legalonline consultancy & security
email : fr . legalonline @ legalonline . com or olineservice @ netscape . net
winner notice
never reply to any email of lottery draws you don ' t know , they pritended
to be us , due call or write to our head office in united state for
confirmation : e - mail : calottery _ california @ socialevents . com or tel / fax
: 001 801 457 8388
for due processing and remittance of your prize money to a designated
account of your choice . remember , you must contact your claim agent not
late than 18 th june 2005 . after this date , all funds will be returned as
unclaimed and all contact must be via email or through fax or tel - num
from your claim agent .
rosa escutia
director , public relations and communications
calottery california united state . | 1 | spam | calottery california ( usa ) | calottery california ( usa )
3347 east anaheim sreet long beach ,
california , 90884
tel / fax : 001 801 457 8388
e - mail : calottery _ california @ socialevents . com
http : / / www . calottery . com
congratulations ! ! ! !
from the office of the director international promotion calottery
california united state of america
dear sir / madam ,
results for category " b " draws
congratulations to you as we bring to your notice , the results of the
category " b " draws of calottery california usa . we are happy to inform
you that you have emerged a winner under the second category , which is
part of our promotional draws . the draws were held on the 25 th may 2005
by supperlotto and results were officially announced today 9 th june
2005 .
participants were selected through a computer ballot system drawn from
4 , 000 , 000 names / email addresses of individuals and companies from
africa , america , asia , australia , canada , europe , middle east , and new
zealand as part of our international promotions program . you / your email ,
attached to ticket number 4 - 15 - 23 - 26 - 47 - 23 , with drew number # 1893 , and
consequently won in the category " b " . you have therefore been awarded a
lump sum pay out of $ 1 , 000 , 000 . 00 ( 0 ne million united states dollars )
which is the winning payout for category " b " winners . this is from the
total prize of 2 million dollars shared among the 2 international
winners in this category . congratulations ! ! !
your forms has been submitted to our head office . in your best interest
and also to avoid mix up of numbers and names of any kind , we request
that you keep the entire details of your award strictly from public
notice until the process of transferring your claims has been completed ,
and your funds remitted to your account .
this is part of our security protocol to avoid double claiming or
unscrupulous acts by participants / no participants of this program . we
also wish to bring to your notice our mid year ( 2006 ) high stakes where
you stand a chance of winning up to u $ 10 . million , we hope that with a
part of your prize you will participate .
your winning coupon numbers fails to our european processing center
please contact our european processing center immediately , to begin your
claim process ;
mrs patricia or mr juan - phillip
director of operations
legalonline consultancy & security
email : fr . legalonline @ legalonline . com or olineservice @ netscape . net
winner notice
never reply to any email of lottery draws you don ' t know , they pritended
to be us , due call or write to our head office in united state for
confirmation : e - mail : calottery _ california @ socialevents . com or tel / fax
: 001 801 457 8388
for due processing and remittance of your prize money to a designated
account of your choice . remember , you must contact your claim agent not
late than 18 th june 2005 . after this date , all funds will be returned as
unclaimed and all contact must be via email or through fax or tel - num
from your claim agent .
rosa escutia
director , public relations and communications
calottery california united state . | 2005-06-09T00:00:00 |
28,442 | daily california update . . . . . cpuc votes to keep gas flowing
a special session yesterday of california ' s regulators gave pg & e ' s utility
authority to amend its gas supply deals to keep supplies flowing to the state
past feb . 7 when the current federal doe emergency order expires , but it
postponed action on another pg & e request that southern california gas co . - - -
which has strongly objected - - - be compelled to provide emergency supplies to
the pg & e utility ' s residential and small business customers .
loretta lynch , president of the california public utilities commission , said
pg & e ' s utility is a " victim - - - a victim of circumstances and a victim of
predatory practices by natural gas suppliers , " now demanding payment for
future supplies up front - - - not because the utility has failed to pay its
past gas bills , but because the electricity crisis has sapped its
credit - worthiness .
the cpuc action allows pg & e ' s utility to offer suppliers the option of
securitization or , in effect , a lien , in the utility ' s retail customers '
bills which cover the full cost of the wholesale gas prices as an incentive
to have the suppliers extend contracts with pg & e ' s gas utility operations
while the credit - worthiness of the company itself is dubious . it won ' t be
until next week when the utility begins negotiating new contracts , that it
will know if the cpuc action will overcome the suppliers reluctance to extend
contracts in the current situation , according to pg & e gas utility
spokesperson staci homrig .
on the operational side , pg & e on wednesday declared a low - inventory ofo
because of a cold snap causing more supplies to be burned then pipeline
shippers were bringing into the system . the action was thought to help cause
the pg & e citygate price to jump from $ 11 to $ 17 on wednesday . as for reports
of low storage , homrig said that while the utility ' s supplies are very low ,
they are adequate for the next week . they are not dipping into cushion or
base gas at this point , homrig said .
lynch said that pg & e has not defaulted on any payments , but nevertheless , in
what she considers predatory practices , the suppliers have required advance
payments or payment at the time supplies are provided . " these gas suppliers
are taking advantage of an emergency situation to extract another pound of
flesh , " lynch said in voting for the securitization measure . " suppliers who
have been paid when due , are now saying regardless of existing agreements
' pay us today . ' they are doing this in the coldest time of the year , so the
commissioners have to take these difficult steps to allow pg & e amend these
agreements in order to keep the gas flowing . "
part of the cpuc ' s action places a 90 - day limit on the securitization option ,
so with the way gas contracts work , in effect , it only provides about another
30 days ' worth of supplies , said homrig , who noted that almost all of pg & e ' s
25 to 30 suppliers have asked for special payment arrangements ( advances ,
cash - on - delivery or letters of credit ) that the company cannot accommodate
because of its cash - flow crisis . ~ out of ongoing negotiations , the parties
came up with the securitization proposal in the customer account receivables ,
thus , assuring them they will get paid .
on the gas side , pg & e has had sufficient revenues - - - unlike its electric
business - - - but the suppliers have not wanted to let the utility stick to a
normal payment arrangement because of the severe credit - rating decline in the
past weeks .
the cpuc met in san francisco late wednesday afternoon in the midst of a
whirlwind day of public announcements from the governor , state legislature ,
consumer groups , regulators and utilities . a key piece was missing , however .
california state legislative leaders called off a morning briefing that was
to have offered the latest legislative proposals for dealing with the energy
crisis . reportedly sticking points remain centered on the key questions of
who pays for the solutions and how deeply the state gets into the energy
business . a spokesman for the assembly speaker ' s office said he had no idea
when the briefing would be re - scheduled .
one piece of legislation that got through the state senate ( sb lx ) yesterday
authorizes another $ 500 million in emergency funds to purchase power . it also
would allow the state water resources department to be the utilities '
wholesale power supplier under long - term contracts at least through 2002 . the
measure drew a protest from cpuc commissioner richard bilas , who argued that
the state agency be " removed from that role as quickly as possible . " the
bill , which was first passed by the state assembly , was returned to assembly
committees last night to iron out changes made in the senate . it then would
have to be ratified again by the assembly .
meanwhile , consumer activists held rallies around the state protesting the
state bail - out of the private - sector utilities . this prompted at least one of
the utilities , southern california edison , to come out swinging , saying that
the recently released results of utility financial audits do not show any
" windfall profits " or diversion of monies from the utilities to the parent
company .
a letter surfaced in washington from gov . gray davis to the senate energy and
natural resources committee , dated jan . 30 and outlining measures the state
is taking to increase energy supply and decrease demand , sign long - term
contracts and maintain the financial viability of the state ' s public
utilities . the letter , a catalogue of recent initiatives already reported
here , contained no specifics on any long - term contracts nor legislation
signed that would address the immediate problem . davis outlined measures
being taken to speed up siting of new power plants , saying an additional
2 , 000 mw would be online by the end of the year .
responding to questions on another arena , edison international ' s senior vice
president tom higgins said " everything is on the table " in the ongoing
negotiations between davis ' three - person negotiating team and the two
utilities , including dropping the pending lawsuit in federal court in los
angeles and crediting excess revenues from the utilities ' own generation
against the whopping wholesale power cost under - collections .
the state remained under a power watch for the 16 th day as the california
independent grid operator ( cal - iso ) urged conservation because " reserves
remain very low . " | 0 | ham | daily california update . . . . . | cpuc votes to keep gas flowing
a special session yesterday of california ' s regulators gave pg & e ' s utility
authority to amend its gas supply deals to keep supplies flowing to the state
past feb . 7 when the current federal doe emergency order expires , but it
postponed action on another pg & e request that southern california gas co . - - -
which has strongly objected - - - be compelled to provide emergency supplies to
the pg & e utility ' s residential and small business customers .
loretta lynch , president of the california public utilities commission , said
pg & e ' s utility is a " victim - - - a victim of circumstances and a victim of
predatory practices by natural gas suppliers , " now demanding payment for
future supplies up front - - - not because the utility has failed to pay its
past gas bills , but because the electricity crisis has sapped its
credit - worthiness .
the cpuc action allows pg & e ' s utility to offer suppliers the option of
securitization or , in effect , a lien , in the utility ' s retail customers '
bills which cover the full cost of the wholesale gas prices as an incentive
to have the suppliers extend contracts with pg & e ' s gas utility operations
while the credit - worthiness of the company itself is dubious . it won ' t be
until next week when the utility begins negotiating new contracts , that it
will know if the cpuc action will overcome the suppliers reluctance to extend
contracts in the current situation , according to pg & e gas utility
spokesperson staci homrig .
on the operational side , pg & e on wednesday declared a low - inventory ofo
because of a cold snap causing more supplies to be burned then pipeline
shippers were bringing into the system . the action was thought to help cause
the pg & e citygate price to jump from $ 11 to $ 17 on wednesday . as for reports
of low storage , homrig said that while the utility ' s supplies are very low ,
they are adequate for the next week . they are not dipping into cushion or
base gas at this point , homrig said .
lynch said that pg & e has not defaulted on any payments , but nevertheless , in
what she considers predatory practices , the suppliers have required advance
payments or payment at the time supplies are provided . " these gas suppliers
are taking advantage of an emergency situation to extract another pound of
flesh , " lynch said in voting for the securitization measure . " suppliers who
have been paid when due , are now saying regardless of existing agreements
' pay us today . ' they are doing this in the coldest time of the year , so the
commissioners have to take these difficult steps to allow pg & e amend these
agreements in order to keep the gas flowing . "
part of the cpuc ' s action places a 90 - day limit on the securitization option ,
so with the way gas contracts work , in effect , it only provides about another
30 days ' worth of supplies , said homrig , who noted that almost all of pg & e ' s
25 to 30 suppliers have asked for special payment arrangements ( advances ,
cash - on - delivery or letters of credit ) that the company cannot accommodate
because of its cash - flow crisis . ~ out of ongoing negotiations , the parties
came up with the securitization proposal in the customer account receivables ,
thus , assuring them they will get paid .
on the gas side , pg & e has had sufficient revenues - - - unlike its electric
business - - - but the suppliers have not wanted to let the utility stick to a
normal payment arrangement because of the severe credit - rating decline in the
past weeks .
the cpuc met in san francisco late wednesday afternoon in the midst of a
whirlwind day of public announcements from the governor , state legislature ,
consumer groups , regulators and utilities . a key piece was missing , however .
california state legislative leaders called off a morning briefing that was
to have offered the latest legislative proposals for dealing with the energy
crisis . reportedly sticking points remain centered on the key questions of
who pays for the solutions and how deeply the state gets into the energy
business . a spokesman for the assembly speaker ' s office said he had no idea
when the briefing would be re - scheduled .
one piece of legislation that got through the state senate ( sb lx ) yesterday
authorizes another $ 500 million in emergency funds to purchase power . it also
would allow the state water resources department to be the utilities '
wholesale power supplier under long - term contracts at least through 2002 . the
measure drew a protest from cpuc commissioner richard bilas , who argued that
the state agency be " removed from that role as quickly as possible . " the
bill , which was first passed by the state assembly , was returned to assembly
committees last night to iron out changes made in the senate . it then would
have to be ratified again by the assembly .
meanwhile , consumer activists held rallies around the state protesting the
state bail - out of the private - sector utilities . this prompted at least one of
the utilities , southern california edison , to come out swinging , saying that
the recently released results of utility financial audits do not show any
" windfall profits " or diversion of monies from the utilities to the parent
company .
a letter surfaced in washington from gov . gray davis to the senate energy and
natural resources committee , dated jan . 30 and outlining measures the state
is taking to increase energy supply and decrease demand , sign long - term
contracts and maintain the financial viability of the state ' s public
utilities . the letter , a catalogue of recent initiatives already reported
here , contained no specifics on any long - term contracts nor legislation
signed that would address the immediate problem . davis outlined measures
being taken to speed up siting of new power plants , saying an additional
2 , 000 mw would be online by the end of the year .
responding to questions on another arena , edison international ' s senior vice
president tom higgins said " everything is on the table " in the ongoing
negotiations between davis ' three - person negotiating team and the two
utilities , including dropping the pending lawsuit in federal court in los
angeles and crediting excess revenues from the utilities ' own generation
against the whopping wholesale power cost under - collections .
the state remained under a power watch for the 16 th day as the california
independent grid operator ( cal - iso ) urged conservation because " reserves
remain very low . " | 2001-02-01T00:00:00 |
1,027 | adios . . . as most of you have probably heard already , i am leaving enron to pursue some
new endeavors . i will be moving back home to toronto and i ' m going to take
some time off to do some travelling . i plan to go back to school in january ,
and after that . . . . we ' ll see what life has in store !
i wanted to thank all of you for the many wonderful experiences i have had
here at enron . it has been a pleasure working with and getting to know you
all . i hope that if you ' re ever in toronto you will drop me a line .
my last day of work will be june 30 th , however , i will be staying in houston
until the end of july . i hope to see or speak to all of you before i leave ,
but if i don ' t manage to , please keep in touch . my e - mail address is
jennifer _ sabine @ yahoo . com .
take care and good luck !
jennifer | 0 | ham | adios . . . | as most of you have probably heard already , i am leaving enron to pursue some
new endeavors . i will be moving back home to toronto and i ' m going to take
some time off to do some travelling . i plan to go back to school in january ,
and after that . . . . we ' ll see what life has in store !
i wanted to thank all of you for the many wonderful experiences i have had
here at enron . it has been a pleasure working with and getting to know you
all . i hope that if you ' re ever in toronto you will drop me a line .
my last day of work will be june 30 th , however , i will be staying in houston
until the end of july . i hope to see or speak to all of you before i leave ,
but if i don ' t manage to , please keep in touch . my e - mail address is
jennifer _ sabine @ yahoo . com .
take care and good luck !
jennifer | 2000-06-21T00:00:00 |
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margot halpin | 1 | spam | realize that now is the perfect time to start feeling better | - - - - 9723437065620721
hi varou ,
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| 2005-05-04T00:00:00 |
18,556 | ca vas bien ? did you know that the normal cost for super vkiagra is $ 20 , per dose ?
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| 2004-03-26T00:00:00 |
14,907 | i ' m assuming the nymex desk will get 12 million of var . if you allocate out about 50 million and gas gets 30 million of that , 12 seems reasonable .
what do you think . | 0 | ham | i ' m assuming the nymex desk will get 12 million of var . | if you allocate out about 50 million and gas gets 30 million of that , 12 seems reasonable .
what do you think . | 2002-01-29T00:00:00 |
23,450 | re : violation memo for 25 th october 2000 andy ,
thanks for the update and your help in articulating this issue to the
commercial team
ted | 0 | ham | re : violation memo for 25 th october 2000 | andy ,
thanks for the update and your help in articulating this issue to the
commercial team
ted | 2000-10-27T00:00:00 |
28,918 | eol confirmation - transwestern pipeline company this message is to confirm your eol transaction with transwestern pipeline company .
you have successfully acquired the package ( s ) listed below . if you have questions or
concerns regarding the transaction ( s ) , please call craig buehler at ( 713 ) 853 - 6964
prior to placing your nominations for these volumes .
us pipeline capacity tw ( firm )
transaction no : 60989
product name : lamaquina - i / b link
time stamp : oct 24 2001 11 : 24 am
tw request # : 27745
shipper name : burlington resources trading , inc .
tw contract # : 27747
volume : 20 , 000 dth / d
rate : $ 0 . 0500 / d 1 - part ( combined reservation & commodity ) 100 % load factor
+ applicable fuel and unaccounted for
term : 11 / 01 / 2001 through 11 / 30 / 01
primary points : rp
500539 wfs la maquina plant i / c
dp
500545 i / b link
alternate points : rp
500535 wfs ignacio
dp
500540 epng / blanco
contact : craig buehler phone ( 713 ) 853 - 6964
fax ( 713 ) 646 - 8085
email craig . buehler @ enron . com | 0 | ham | eol confirmation - transwestern pipeline company | this message is to confirm your eol transaction with transwestern pipeline company .
you have successfully acquired the package ( s ) listed below . if you have questions or
concerns regarding the transaction ( s ) , please call craig buehler at ( 713 ) 853 - 6964
prior to placing your nominations for these volumes .
us pipeline capacity tw ( firm )
transaction no : 60989
product name : lamaquina - i / b link
time stamp : oct 24 2001 11 : 24 am
tw request # : 27745
shipper name : burlington resources trading , inc .
tw contract # : 27747
volume : 20 , 000 dth / d
rate : $ 0 . 0500 / d 1 - part ( combined reservation & commodity ) 100 % load factor
+ applicable fuel and unaccounted for
term : 11 / 01 / 2001 through 11 / 30 / 01
primary points : rp
500539 wfs la maquina plant i / c
dp
500545 i / b link
alternate points : rp
500535 wfs ignacio
dp
500540 epng / blanco
contact : craig buehler phone ( 713 ) 853 - 6964
fax ( 713 ) 646 - 8085
email craig . buehler @ enron . com | 2001-10-25T00:00:00 |
23,741 | weekly report i am asking tammie to compile a weekly report ( for delivery 8 am monday
mornings ) which is formatted as below . please make sure starting next week
the information if received in adequate time .
deals signed
loi signed
ndas signed
earnings report ( from kerry )
individual group general update ( to include deals working plus other info )
thanks
louise | 0 | ham | weekly report | i am asking tammie to compile a weekly report ( for delivery 8 am monday
mornings ) which is formatted as below . please make sure starting next week
the information if received in adequate time .
deals signed
loi signed
ndas signed
earnings report ( from kerry )
individual group general update ( to include deals working plus other info )
thanks
louise | 2001-01-22T00:00:00 |
8,168 | re : uk portfolios and books setup in risktrac tanya ,
we have checked the risktrac system and
( 1 ) the spreadoption , and other , mappings in risktrac are correct . ie ,
els 1 b has both power ( ppp ) and gas ( nbp ) and the deltas / gammas tie out . the
lolp and smp mappings all tie out .
( 2 ) however , the uk power in risktrac has 25 twh more of power . this has
something to do with the enpower - risktrac communication .
( 3 ) uk - gas positions tie out in aggregate ( off by a single bcf )
for var discrepancies , other than positions , the following will contrbute
( 1 ) in risktrac power is mapped to r 4 ( cinergy ) while in the spreadsheet it
is us - ng .
( 2 ) gas - power and efa - efa correlations are different .
matthew is coordinating with oliver and london it to resolve the position
issues .
naveen
tanya tamarchenko @ ect
01 / 03 / 2001 02 : 09 pm
to : naveen andrews / corp / enron @ enron , matthew adams / corp / enron @ enron
cc : rabi de / na / enron @ enron , jaesoo lew / na / enron @ enron , vince j
kaminski / hou / ect @ ect
subject : re : uk portfolios and books setup in risktrac
naveen and matthew ,
i started looking systematically through uk positions and corresponding var
numbers in the risckrac .
i found a few inconsistencies so far .
1 . the portfolio elsb 1 - nbp has a book elsb 1 under it . the sum of delta
positions for this book is
239 , 021 , 655 , the sum of gamma positions is - 211 , 031 , 450 . var for the
portfolio elsb 1 - nbp is zero .
the same refers to a few other portfolios , for example elsb 2 - nbp , elsb 3 - nbp ,
e 2 xxl - nbp .
2 . the portfolio elsbp 1 - ppp also has the book elsb 1 under it . this book
contains the positions on pppwdl
through pppwd 6 and pppwel through pppwe 4 .
the same refers to the other books , for example elsb 2 .
this looks messy . can someone in rac go over all the portfolios , all the
corresponding books and curves
in risktrac and make sure they are set up properly ?
thank you ,
tanya . | 0 | ham | re : uk portfolios and books setup in risktrac | tanya ,
we have checked the risktrac system and
( 1 ) the spreadoption , and other , mappings in risktrac are correct . ie ,
els 1 b has both power ( ppp ) and gas ( nbp ) and the deltas / gammas tie out . the
lolp and smp mappings all tie out .
( 2 ) however , the uk power in risktrac has 25 twh more of power . this has
something to do with the enpower - risktrac communication .
( 3 ) uk - gas positions tie out in aggregate ( off by a single bcf )
for var discrepancies , other than positions , the following will contrbute
( 1 ) in risktrac power is mapped to r 4 ( cinergy ) while in the spreadsheet it
is us - ng .
( 2 ) gas - power and efa - efa correlations are different .
matthew is coordinating with oliver and london it to resolve the position
issues .
naveen
tanya tamarchenko @ ect
01 / 03 / 2001 02 : 09 pm
to : naveen andrews / corp / enron @ enron , matthew adams / corp / enron @ enron
cc : rabi de / na / enron @ enron , jaesoo lew / na / enron @ enron , vince j
kaminski / hou / ect @ ect
subject : re : uk portfolios and books setup in risktrac
naveen and matthew ,
i started looking systematically through uk positions and corresponding var
numbers in the risckrac .
i found a few inconsistencies so far .
1 . the portfolio elsb 1 - nbp has a book elsb 1 under it . the sum of delta
positions for this book is
239 , 021 , 655 , the sum of gamma positions is - 211 , 031 , 450 . var for the
portfolio elsb 1 - nbp is zero .
the same refers to a few other portfolios , for example elsb 2 - nbp , elsb 3 - nbp ,
e 2 xxl - nbp .
2 . the portfolio elsbp 1 - ppp also has the book elsb 1 under it . this book
contains the positions on pppwdl
through pppwd 6 and pppwel through pppwe 4 .
the same refers to the other books , for example elsb 2 .
this looks messy . can someone in rac go over all the portfolios , all the
corresponding books and curves
in risktrac and make sure they are set up properly ?
thank you ,
tanya . | 2001-01-10T00:00:00 |
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be notified of any special offers we may run from time to time . we also have attained the
services of an independent 3 rd party to overlook list management and removal services .
this is not unsolicited email . if you do not wish to receive further mailings , please
click here to be removed from the list .
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this email in error . we honor all removal requests
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# 1105
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we didn ' t beleive it either until
we actually tried it . so you be the judge and see for yourself .
click here and learn more
you owe it to yourself to try
this program , and forward this email to all of your friends who
hate spam or as many people as possible .
we are strongly against sending unsolicited emails to those who do not wish to receive
our special mailings . you have opted in to one or more of our affiliate sites requesting to
be notified of any special offers we may run from time to time . we also have attained the
services of an independent 3 rd party to overlook list management and removal services .
this is not unsolicited email . if you do not wish to receive further mailings , please
click here to be removed from the list .
please accept our apologies if you have been sent
this email in error . we honor all removal requests
market researc - h
8721 santa monica boulevard
# 1105
los angeles , ca 90069 - 4507
disjunct alexandria biracial cottonseed usable abash inferred headsmen individuate despoil colonial armata nikko perversion usurious amphibious electrocardiograph dichloride maryland numb theorem chamomile desperado art dunk psychobiology verbena coffer prize wombat mexican oxcart caiman angelo basal excisable butch crayfish butterfly vacuous commute change malconduct strenuous larval arccos multiply inceptor sphinx falloff flaky
| 2004-07-09T00:00:00 |
14,044 | re : what ' s in rawhide - urgent i ' m not familiar with the individual assets ( might include gaspart and ceg / rio ) of that structure but the critical asset apparently is a $ 690 mm loan to enron . when enron hit bbb - rating , rawhide was no longer allowed to lend to enron and called the note due . there was a rawhide bankers meeting late yesterday to consider enron ' s request to delay the call by several weeks . neither bowen nor myself know if any decision has been reached by the lenders at this time .
- - - - - - - - - - - - - - - - - - - - - - - - - -
sent from my blackberry wireless handheld ( www . blackberry . net ) | 0 | ham | re : what ' s in rawhide - urgent | i ' m not familiar with the individual assets ( might include gaspart and ceg / rio ) of that structure but the critical asset apparently is a $ 690 mm loan to enron . when enron hit bbb - rating , rawhide was no longer allowed to lend to enron and called the note due . there was a rawhide bankers meeting late yesterday to consider enron ' s request to delay the call by several weeks . neither bowen nor myself know if any decision has been reached by the lenders at this time .
- - - - - - - - - - - - - - - - - - - - - - - - - -
sent from my blackberry wireless handheld ( www . blackberry . net ) | 2001-11-20T00:00:00 |
8,914 | re : sfa individual registrations hi julie ,
it is so nice to hear from you . i have had several conversations with
the houston compliance people regarding how to keep my sfa licenses current .
as per your request , i will respond to your questions in your email :
- - - - - original message - - - - -
from : russell , julie
sent : friday , april 06 , 2001 10 : 19 am
to : mack , iris
subject : sfa individual registrations
iris
your mails regarding sfa registration finally made their way to me , as i look
after all enron ' s individual registrations with the sfa .
at present , we are able to register overseas based individuals , although this
may change towards the end of the year when the fsa takes over from the sfa
as lead regulator in the uk .
i am sort of overseas . however i will be spending some time in the london
office ( which is another reason why i don ' t want to lose my sfa
designations ) . as a matter of fact , i will be coming to london office in a
week or two - and staying there for a while .
there is still a lot of uncertainty surrounding how the fsa will implement
individual registrations , but it has stated that anyone registered with the
sfa at the point at which the fsa takes over , will be automatically
' grandfathered ' across to the new regulator . time will tell , what will
happen thereafter .
what we need to do as far as your registration is concerned , is to submit a
transfer form to the sfa to move your registration to enron . i shall put a
form in the mail to you ( please let me know where to send it ) for signature
and update of personal details .
my enron office address in houston is as follows :
iris mack
research department
1400 smith street , 1972 d
houston , texas 77002 usa
as we have to submit the form to the sfa with original signatures , please
return it to me at enron house and i can get it authorised by our sfa
compliance officer , jonathan marsh . i will then inform you when i receive
confirmation of your acc
could you respond to the following by return e - mail ;
name of the sfa regulated firm where you were last registered ;
banque nationale de paris paribas at 10 harewood avenue in london
date ( approximation ) when you left the above ;
august 2000
type of registration you held - please note we can only register you in the
following registers ; general representative , futures and options
representative , securities representative or corporate finance representative
i passed three exams : derivatives , securities and regulations
the final question is whether you are going to be based in houston
permanently or whether you know at this stage if / when you will be returning
to the uk .
right now i will be spending time in both houston and london . see above
explanation .
hopefully i have answered all your questions . please let me know if you
require additional information .
kind regards ,
iris
look forward to hearing from you
best regards
julie
julie russell
compliance and regulatory | 0 | ham | re : sfa individual registrations | hi julie ,
it is so nice to hear from you . i have had several conversations with
the houston compliance people regarding how to keep my sfa licenses current .
as per your request , i will respond to your questions in your email :
- - - - - original message - - - - -
from : russell , julie
sent : friday , april 06 , 2001 10 : 19 am
to : mack , iris
subject : sfa individual registrations
iris
your mails regarding sfa registration finally made their way to me , as i look
after all enron ' s individual registrations with the sfa .
at present , we are able to register overseas based individuals , although this
may change towards the end of the year when the fsa takes over from the sfa
as lead regulator in the uk .
i am sort of overseas . however i will be spending some time in the london
office ( which is another reason why i don ' t want to lose my sfa
designations ) . as a matter of fact , i will be coming to london office in a
week or two - and staying there for a while .
there is still a lot of uncertainty surrounding how the fsa will implement
individual registrations , but it has stated that anyone registered with the
sfa at the point at which the fsa takes over , will be automatically
' grandfathered ' across to the new regulator . time will tell , what will
happen thereafter .
what we need to do as far as your registration is concerned , is to submit a
transfer form to the sfa to move your registration to enron . i shall put a
form in the mail to you ( please let me know where to send it ) for signature
and update of personal details .
my enron office address in houston is as follows :
iris mack
research department
1400 smith street , 1972 d
houston , texas 77002 usa
as we have to submit the form to the sfa with original signatures , please
return it to me at enron house and i can get it authorised by our sfa
compliance officer , jonathan marsh . i will then inform you when i receive
confirmation of your acc
could you respond to the following by return e - mail ;
name of the sfa regulated firm where you were last registered ;
banque nationale de paris paribas at 10 harewood avenue in london
date ( approximation ) when you left the above ;
august 2000
type of registration you held - please note we can only register you in the
following registers ; general representative , futures and options
representative , securities representative or corporate finance representative
i passed three exams : derivatives , securities and regulations
the final question is whether you are going to be based in houston
permanently or whether you know at this stage if / when you will be returning
to the uk .
right now i will be spending time in both houston and london . see above
explanation .
hopefully i have answered all your questions . please let me know if you
require additional information .
kind regards ,
iris
look forward to hearing from you
best regards
julie
julie russell
compliance and regulatory | 2001-04-06T00:00:00 |
23,437 | risk management policy per ted ' s request , i am forwarding you a copy of the most recent board
approved risk management policy .
thanks ,
veronica | 0 | ham | risk management policy | per ted ' s request , i am forwarding you a copy of the most recent board
approved risk management policy .
thanks ,
veronica | 2000-10-24T00:00:00 |
3,917 | vulgar muniz ,
govenment don ' t want me to sell
undergroundcd ! check your spouse and staff
investigate your own credit - history
hacking someone pc !
disappear in your city
bannedcd 2004
http : / / www . 8006 hosting . com / cd /
bingham , by the open . | 1 | spam | vulgar | muniz ,
govenment don ' t want me to sell
undergroundcd ! check your spouse and staff
investigate your own credit - history
hacking someone pc !
disappear in your city
bannedcd 2004
http : / / www . 8006 hosting . com / cd /
bingham , by the open .
| 2004-04-15T00:00:00 |
1,178 | data validation brenda ,
we met this afternoon concerning path counts . howard will be validating the
path data we had gathered from unify . please let us know when you will need
this data by .
thanks ,
shari
3 - 3859 | 0 | ham | data validation | brenda ,
we met this afternoon concerning path counts . howard will be validating the
path data we had gathered from unify . please let us know when you will need
this data by .
thanks ,
shari
3 - 3859 | 2000-07-13T00:00:00 |
14,986 | credit team delivers louise ,
we have finished all the credit worksheets for the masters as promised for tomorrow ' s distribution to counterparties . we will distribute to you in the morning . thanks to the entire credit team for the hard work as we move towards a successful launch .
regards ,
bill | 0 | ham | credit team delivers | louise ,
we have finished all the credit worksheets for the masters as promised for tomorrow ' s distribution to counterparties . we will distribute to you in the morning . thanks to the entire credit team for the hard work as we move towards a successful launch .
regards ,
bill | 2002-02-04T00:00:00 |
23,114 | salary adjustments for promoted employees please contact me to determine the salary adjustment that you want to give to
your newly promoted employee . if the employee has been promoted out of
your department but is still within ena please pass this e - mail to their
current department head .
i am still missing salary adjustments for 9 employees and i am not able to
present the aggregate amounts to the head of the business unit for final
review .
you can reach me at ext . 36703 at your convenience .
thanks for your help in this matter , hgm | 0 | ham | salary adjustments for promoted employees | please contact me to determine the salary adjustment that you want to give to
your newly promoted employee . if the employee has been promoted out of
your department but is still within ena please pass this e - mail to their
current department head .
i am still missing salary adjustments for 9 employees and i am not able to
present the aggregate amounts to the head of the business unit for final
review .
you can reach me at ext . 36703 at your convenience .
thanks for your help in this matter , hgm | 2000-07-26T00:00:00 |
3,648 | tenaska iv darren :
if you ' re in the office today , i need some changes to tenaska iv .
deal 384258 aug 2001 - change demand fee from 4 , 117 , 198 . 00 to 4 , 110 , 035 . 82
sep 2001 - change demand fee from 2 , 846 , 818 . 24 to 2 , 833 , 539 . 74
thanks ,
megan | 0 | ham | tenaska iv | darren :
if you ' re in the office today , i need some changes to tenaska iv .
deal 384258 aug 2001 - change demand fee from 4 , 117 , 198 . 00 to 4 , 110 , 035 . 82
sep 2001 - change demand fee from 2 , 846 , 818 . 24 to 2 , 833 , 539 . 74
thanks ,
megan | 2001-12-26T00:00:00 |
7,694 | re : f / u to dr . kaminski @ enron from iris mack hi ,
how are you ? seems like we have had a bit of difficulty contacting each
other . sorry i missed your call . i am now in nyc - until december 2 nd .
i will try to call you on tomorrow morning about 8 am houston time .
take care ,
iris
> from : vince . j . kaminski @ enron . com
> to : irismmack @ hotmail . com
> cc : vince . j . kaminski @ enron . com
> subject : hello
> date : tue , 21 nov 2000 15 : 14 : 31 - 0600
>
> iris ,
>
> we are trying to reach you but we are getting error messages .
> please , call me 713 853 3848 .
>
> vince
>
>
_ _ _ _ _ _ _
get more from the web . free msn explorer download : http : / / explorer . msn . com | 0 | ham | re : f / u to dr . kaminski @ enron from iris mack | hi ,
how are you ? seems like we have had a bit of difficulty contacting each
other . sorry i missed your call . i am now in nyc - until december 2 nd .
i will try to call you on tomorrow morning about 8 am houston time .
take care ,
iris
> from : vince . j . kaminski @ enron . com
> to : irismmack @ hotmail . com
> cc : vince . j . kaminski @ enron . com
> subject : hello
> date : tue , 21 nov 2000 15 : 14 : 31 - 0600
>
> iris ,
>
> we are trying to reach you but we are getting error messages .
> please , call me 713 853 3848 .
>
> vince
>
>
_ _ _ _ _ _ _
get more from the web . free msn explorer download : http : / / explorer . msn . com | 2000-11-21T00:00:00 |
14,274 | new cash conrol process - 2 : 00 pm meeting , december 5 , 2001 in the 50 th floor board room
overview
our bankruptcy filing requires a cultural change in the cash management procedures of enron . because of our fiduciary obligation to our creditors , we now must move to centralized cash management . these new procedures will amend our prior policy . as management of the " debtor " , we should approach each decision about our business , including cash receipts and disbursements , from the perspective of , " does this enhance the value of the debtor ' s estate ? " this memo addresses the new policies that are to be immediately implemented both for entities in the chapter 11 reorganization and entities that have not filed . there will be a meeting wednesday , december 5 , 2001 at 2 : 00 pm in the board room on the 50 th floor to discuss the new policies .
as a debtor - in - possession ( " dip " ) , we have new cash flow reporting obligations and we must develop and adhere to a cash flow budget . failure to adhere could have serious consequences to our dip financing availability as well as diminish our credibility with the creditors with whom we must negotiate our ultimate exit from chapter 11 as a reorganized entity .
all enron business units ( not just the ones in bankruptcy ) will need to conform to these new requirements because additional entities are likely to be included in the bankruptcy filing , and because it is extremely important for enron management to be able to see the totality of cash flow requirements for the company .
there are special procedures outlined at the end of the memo specifically relating to the business units in bankruptcy ( the debtor business units ) .
new processes and procedures
until further notice , a newly formed committee , the cash flow management committee ( the " committee " ) , will meet daily to review and approve daily payments and 5 - day projections for each business unit . the committee will be headed by george wasaff and will also consist of ray bowen , dave gorte , tim despain , bob butts , julia murray and lisa mellencamp . the committee will be assisted by our financial advisor , batchelder & partners and our outside counsel , weil , gotshal ( 2 ) be mission critical ; and ( 3 ) there must not be a substitute vendor . the business unit heads will be responsible for ensuring that recommendations to the committee for any disbursements to critical pre - petition vendors meet this test . the committee ' s presumption will be that a vendor is not critical . if you believe that a pre - petition claim clearly meets the " critical " test , you may submit it as a clearly flagged item , stating your reasons for requested payment . the committee and corporate management will consider these recommendations by the business unit .
internal controls
we need to reassess internal controls and determine if changes are required , especially in light of recent personnel changes . all internal controls , new and existing , will be subject to review by andrew parsons . he will be communicating with you regarding his assessment and requirements for any changes to be made .
i look forward to seeing you this afternoon at the meeting .
exhibit a - enron entities that have filed
filed december 2 , 2001
1 . enron metals and commodity
2 . enron corp . ( main case )
3 . enron north america corp .
4 . enron power marketing , inc .
5 . pbog corp .
6 . smith street land company
7 . enron broadband services , inc .
8 . enron energy services operations , inc .
9 . enron energy marketing corp .
10 . enron energy services , inc .
11 . enron energy services , l . l . c .
12 . enron transportation services company
13 . bam leasing company
14 . ena asset holdings , l . p .
filed december 3 , 2001
15 . enron gas liquids , inc .
filed december 4 , 2001
16 . enron global markets , l . l . c .
17 . enron industrial markets , l . l . c .
18 . enron networks , l . l . c . | 0 | ham | new cash conrol process - 2 : 00 pm meeting , december 5 , 2001 in the | 50 th floor board room
overview
our bankruptcy filing requires a cultural change in the cash management procedures of enron . because of our fiduciary obligation to our creditors , we now must move to centralized cash management . these new procedures will amend our prior policy . as management of the " debtor " , we should approach each decision about our business , including cash receipts and disbursements , from the perspective of , " does this enhance the value of the debtor ' s estate ? " this memo addresses the new policies that are to be immediately implemented both for entities in the chapter 11 reorganization and entities that have not filed . there will be a meeting wednesday , december 5 , 2001 at 2 : 00 pm in the board room on the 50 th floor to discuss the new policies .
as a debtor - in - possession ( " dip " ) , we have new cash flow reporting obligations and we must develop and adhere to a cash flow budget . failure to adhere could have serious consequences to our dip financing availability as well as diminish our credibility with the creditors with whom we must negotiate our ultimate exit from chapter 11 as a reorganized entity .
all enron business units ( not just the ones in bankruptcy ) will need to conform to these new requirements because additional entities are likely to be included in the bankruptcy filing , and because it is extremely important for enron management to be able to see the totality of cash flow requirements for the company .
there are special procedures outlined at the end of the memo specifically relating to the business units in bankruptcy ( the debtor business units ) .
new processes and procedures
until further notice , a newly formed committee , the cash flow management committee ( the " committee " ) , will meet daily to review and approve daily payments and 5 - day projections for each business unit . the committee will be headed by george wasaff and will also consist of ray bowen , dave gorte , tim despain , bob butts , julia murray and lisa mellencamp . the committee will be assisted by our financial advisor , batchelder & partners and our outside counsel , weil , gotshal ( 2 ) be mission critical ; and ( 3 ) there must not be a substitute vendor . the business unit heads will be responsible for ensuring that recommendations to the committee for any disbursements to critical pre - petition vendors meet this test . the committee ' s presumption will be that a vendor is not critical . if you believe that a pre - petition claim clearly meets the " critical " test , you may submit it as a clearly flagged item , stating your reasons for requested payment . the committee and corporate management will consider these recommendations by the business unit .
internal controls
we need to reassess internal controls and determine if changes are required , especially in light of recent personnel changes . all internal controls , new and existing , will be subject to review by andrew parsons . he will be communicating with you regarding his assessment and requirements for any changes to be made .
i look forward to seeing you this afternoon at the meeting .
exhibit a - enron entities that have filed
filed december 2 , 2001
1 . enron metals and commodity
2 . enron corp . ( main case )
3 . enron north america corp .
4 . enron power marketing , inc .
5 . pbog corp .
6 . smith street land company
7 . enron broadband services , inc .
8 . enron energy services operations , inc .
9 . enron energy marketing corp .
10 . enron energy services , inc .
11 . enron energy services , l . l . c .
12 . enron transportation services company
13 . bam leasing company
14 . ena asset holdings , l . p .
filed december 3 , 2001
15 . enron gas liquids , inc .
filed december 4 , 2001
16 . enron global markets , l . l . c .
17 . enron industrial markets , l . l . c .
18 . enron networks , l . l . c . | 2001-12-05T00:00:00 |
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this hath not offended the king . | 2005-06-29T00:00:00 |
22,765 | re : weather book admin sally ,
i wanted you to know that i responded to this e - mail and i will also talk
with jeff sorenson today . while i am here , i will meet the weather team and
introduce myself .
today and tomorrow are critical days as far as the book - split project is
concerned . i will give you an update this afternoon or when you arrive on
thursday . there is quite a lot of discussion surrounding the mtm of
transmission . we have now agreed that we should mtm all of transmission and
not " cherry pick , " and now it ' s how to handle the mechanics .
talk with you soon ,
todd
- - - - - - - - - - - - - - - - - - - - - - forwarded by d todd hall / hou / ect on 04 / 19 / 2000 08 : 32
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : d todd hall on 04 / 19 / 2000 02 : 30 am
to : scott pleus / hou / ect @ ect
cc :
subject : re : weather book admin
i did speak with mark and had tim meet with him also . tim and michael sat
together and further discussed the p & l and associated processes . on monday ,
tim accepted the position and i informed sally , but obviously did not give
you the update .
when i return , tentatively may 15 , i would like to get a copy of the resumes
which you have and will post the position again . thank you for holding
things together and after tim has 2 - 3 weeks with michael , he should be able
to move to structuring .
pencil in lunch for that tuesday or wednesday that i return ,
todd
scott pleus
04 / 18 / 2000 06 : 53 pm
to : d todd hall / hou / ect @ ect
cc : sally beck / hou / ect @ ect
subject : weather book admin
i haven ' t heard from you lately . understand you spoke directly to mark
tawney . i assume tim norton is a go for replacing michael nguyen as risk
book administrator for weather on a full time basis . i plan to withdraw the
job posting from the board . | 0 | ham | re : weather book admin | sally ,
i wanted you to know that i responded to this e - mail and i will also talk
with jeff sorenson today . while i am here , i will meet the weather team and
introduce myself .
today and tomorrow are critical days as far as the book - split project is
concerned . i will give you an update this afternoon or when you arrive on
thursday . there is quite a lot of discussion surrounding the mtm of
transmission . we have now agreed that we should mtm all of transmission and
not " cherry pick , " and now it ' s how to handle the mechanics .
talk with you soon ,
todd
- - - - - - - - - - - - - - - - - - - - - - forwarded by d todd hall / hou / ect on 04 / 19 / 2000 08 : 32
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : d todd hall on 04 / 19 / 2000 02 : 30 am
to : scott pleus / hou / ect @ ect
cc :
subject : re : weather book admin
i did speak with mark and had tim meet with him also . tim and michael sat
together and further discussed the p & l and associated processes . on monday ,
tim accepted the position and i informed sally , but obviously did not give
you the update .
when i return , tentatively may 15 , i would like to get a copy of the resumes
which you have and will post the position again . thank you for holding
things together and after tim has 2 - 3 weeks with michael , he should be able
to move to structuring .
pencil in lunch for that tuesday or wednesday that i return ,
todd
scott pleus
04 / 18 / 2000 06 : 53 pm
to : d todd hall / hou / ect @ ect
cc : sally beck / hou / ect @ ect
subject : weather book admin
i haven ' t heard from you lately . understand you spoke directly to mark
tawney . i assume tim norton is a go for replacing michael nguyen as risk
book administrator for weather on a full time basis . i plan to withdraw the
job posting from the board . | 2000-04-18T00:00:00 |
16,830 | fw : donnie vinson thanks you for your als donations ! ! ! - - - - - original message - - - - -
from : vinson , donald wayne
sent : tuesday , july 10 , 2001 4 : 42 pm
to : davidson , debra
subject : donnie vinson thanks you for your als donations ! ! !
i would like to thank everyone that contributed to the beach bowl 2001 for als . my grandmother passed away from this debilitating disease in 1986 and since then there has been only one small breakthrough in the treatment . hopefully with your donations and those of others we can make a difference for those suffering from als . it means a great deal to me that you were able to help out even though the event was so far away from portland . thank you again for your support and i miss everyone .
donnie vinson | 0 | ham | fw : donnie vinson thanks you for your als donations ! ! ! | - - - - - original message - - - - -
from : vinson , donald wayne
sent : tuesday , july 10 , 2001 4 : 42 pm
to : davidson , debra
subject : donnie vinson thanks you for your als donations ! ! !
i would like to thank everyone that contributed to the beach bowl 2001 for als . my grandmother passed away from this debilitating disease in 1986 and since then there has been only one small breakthrough in the treatment . hopefully with your donations and those of others we can make a difference for those suffering from als . it means a great deal to me that you were able to help out even though the event was so far away from portland . thank you again for your support and i miss everyone .
donnie vinson | 2001-07-10T00:00:00 |
10,727 | re : nawty locals in your area pdi s - e - x - y local singles inside !
payne is cobble desperado but makeup not divergent carven .
here theseus france may cackle and eastman hecate ,
opera not quite .
iwantout | 1 | spam | re : nawty locals in your area pdi | s - e - x - y local singles inside !
payne is cobble desperado but makeup not divergent carven .
here theseus france may cackle and eastman hecate ,
opera not quite .
iwantout
| 2005-07-15T00:00:00 |
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|
17,886 | start date : 1 / 26 / 02 ; hourahead hour : 21 ; start date : 1 / 26 / 02 ; hourahead hour : 21 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002012621 . txt | 0 | ham | start date : 1 / 26 / 02 ; hourahead hour : 21 ; | start date : 1 / 26 / 02 ; hourahead hour : 21 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002012621 . txt | 2002-01-26T00:00:00 |
19,438 | bu ^ y c ' ialis online ' hpjxwcb hi again ,
we now have many meds available online now !
we are having specials on cialis , vlagra , prozac ,
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paracodin special 70 % off ( this week only )
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deiete m . e | 1 | spam | bu ^ y c ' ialis online ' hpjxwcb | hi again ,
we now have many meds available online now !
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| 2004-07-26T00:00:00 |
9,129 | re : test thanks , vince . we have received both her application and her signed offer
letter , so we are moving in the right direction .
molly
- - - - - original message - - - - -
from : kaminski , vince
sent : thursday , april 19 , 2001 10 : 44 am
to : magee , molly
cc : crenshaw , shirley
subject : re : test
molly
fyi
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 19 / 2001
10 : 43 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
edward kao on 04 / 18 / 2001 08 : 30 : 49 pm
to : vkamins @ ect . enron . com
cc :
subject : re : test
vince :
candice ' s contact information at mount holyoke is as follows :
phone : ( 413 ) 493 - 5092
email : cgkao @ mtholyoke . edu
address : 1453 blanchard campus center
mount holyoke college
south hadley , ma 01075 - 6002
ed
ps : i hope ron singer has given you the needed info . please feel free to
contact me if i can be of any help with regard to your colleague ' s inquiry
about pursuing doctoral study at uh . | 0 | ham | re : test | thanks , vince . we have received both her application and her signed offer
letter , so we are moving in the right direction .
molly
- - - - - original message - - - - -
from : kaminski , vince
sent : thursday , april 19 , 2001 10 : 44 am
to : magee , molly
cc : crenshaw , shirley
subject : re : test
molly
fyi
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 19 / 2001
10 : 43 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
edward kao on 04 / 18 / 2001 08 : 30 : 49 pm
to : vkamins @ ect . enron . com
cc :
subject : re : test
vince :
candice ' s contact information at mount holyoke is as follows :
phone : ( 413 ) 493 - 5092
email : cgkao @ mtholyoke . edu
address : 1453 blanchard campus center
mount holyoke college
south hadley , ma 01075 - 6002
ed
ps : i hope ron singer has given you the needed info . please feel free to
contact me if i can be of any help with regard to your colleague ' s inquiry
about pursuing doctoral study at uh . | 2001-04-19T00:00:00 |
3,693 | he reached around and fingered me while dicking my bumbum html
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meta name = generator content = microsoft frontpage 4 . 0
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titleput it right in there / title
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body {
background - image : url ( ' http : / / 69 . 63 . 161 . 44 / 1226030 _ nd _ cs 2 / backgrou . jpg ' ) ;
background - repeat : repeat - x ;
}
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0 it
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table border = 0 cellpadding = 0 cellspacing = 0
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td width = 495 height = 135 background = http : / / 69 . 63 . 161 . 44 / 1226030 _ nd _ cs 2 / captain _ stabbin _ 4 xl . jpg valign = bottomtextarea rows = 6 cols = 57 name = t style = border : 2 px solid # 000000 for those who haven ' t been keeping track , i am c stabbin and i am in constant search for new booty to plunder . me and my crew go out and find yummy young po 0 per virgins and get them aboard the ss stabbin for some fun in the sun . we sail for the open seas , get what we want and throw the pretty girls out to sea and let them swim back to shore . if you don ' t believe it just take a look at these pics and see for yourself . . . / textarea / td
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td style = font - family : arial ; font - size : 12 pt ; color : # 000080 ; font - weight : bold align = centerif you like ass as much as i do you are going to
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td style = font - family : arial ; font - size : 18 pt ; font - weight : bold align = centera href = http : / / 69 . 63 . 161 . 44 / 1226030 _ nd _ cs 2 / index . htmlget
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tdimg border = 0 src = http : / / 69 . 63 . 161 . 44 / 1226030 _ nd _ cs 2 / spacer _ 0 . gif width = 10 height = 10 / td
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td style = font - family : arial ; font - size : 12 pt ; color : # 000080 ; font - weight : bold align = centernow for what you all have been waiting for ! ! ! want to see my crew get my leftovers / td
/ tr
tr
td style = font - family : arial ; font - size : 12 pt ; color : # c 60000 ; font - weight : bold align = centertake a look at these screen caps and then go see the free
ass videos / td
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/ fontfont face = verdana size = 1 color = # 000000 if you ' d like to
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my name is david and if i am at my desk i will take your call . please note that
local and long distance charges apply . br
extra charges include a $ 5 per minute service charge automatically debited to
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/ tr
tr
td style = font - family : arial ; font - size : 12 pt ; color : # 000080 ; font - weight : bold align = centernow for what you all have been waiting for ! ! ! want to see my crew get my leftovers / td
/ tr
tr
td style = font - family : arial ; font - size : 12 pt ; color : # c 60000 ; font - weight : bold align = centertake a look at these screen caps and then go see the free
ass videos / td
/ tr
tr
td align = centera href = http : / / 69 . 63 . 161 . 44 / 1226030 _ nd _ cs 2 / index . htmlimg border = 0 src = http : / / 69 . 63 . 161 . 44 / 1226030 _ nd _ cs 2 / enter _ he . gif width = 660 height = 40 / a / td
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p align = centerfont face = verdana size = 1 simple to leave our
newsletter - a href = http : / / 69 . 63 . 161 . 44 / removals / mea / index . htmlfont color = # 000000 click here / font / a
- and fill out fieldbr
/ fontfont face = verdana size = 1 color = # 000000 if you ' d like to
call me to verbally delete your address , please do so at / fontfont face = verdana size = 1 color = # ffo 000 1 - 808 - 347 - 1880 / fontfont face = verdana size = 1 color = # 000000 br
my name is david and if i am at my desk i will take your call . please note that
local and long distance charges apply . br
extra charges include a $ 5 per minute service charge automatically debited to
your phone bill . / font / p
pnbsp ; / p
/ body
/ html
| 2003-12-27T00:00:00 |
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also include the body of this message to be unsubscribed . any correspondence about
the products / services should be directed to
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| 2002-09-20T00:00:00 |
3,299 | marathon oil company meter 098 - 6599 nacogodoches co . , tx deal 705819
- - - - - - - - - - - - - - - - - - - - - - forwarded by julie meyers / hou / ect on 05 / 29 / 2001 04 : 52 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp . from : george weissman 05 / 29 / 2001 03 : 44 pm
to : julie meyers / hou / ect @ ect
cc : melissa graves / hou / ect , brian m riley / hou / ect @ ect , mike morris / corp / enron @ enron , tom acton / corp / enron @ enron ( bcc : julie meyers / hou / ect )
subject : marathon oil company
meter 098 - 6599
nacogodoches co . , tx
deal 705819
julie , please change 705819 to a term deal and add may at if / hsc less $ 0 . 18 . george
- - - - - - - - - - - - - - - - - - - - - - forwarded by george weissman / hou / ect on 05 / 29 / 2001 03 : 36 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : vance l taylor / enron @ enronxgate on 05 / 11 / 2001 02 : 58 pm
to : kimberlee a bennick / hou / ect @ ect
cc : brian m riley / hou / ect @ ect , susan smith / enron @ enronxgate , donald p reinhardt / enron @ enronxgate , melissa graves / enron @ enronxgate , george weissman / hou / ect @ ect
subject : fw : marathon agreement
kim ,
would you please generate and send a lst purchaser gtc based on the following information :
deal maker : brian riley
counterparty : marathon oil company
contact : ed jaroch
contract type : first purchaser gtc
contract term : april , may & june 2001
contract price : for april only fixed price of $ 5 . 06
may facility # 59636
county : nacodoches co . , tx
please well listing below :
if you need additional information , let me know
thanks ,
vlt
- - - - - original message - - - - -
from : riley , brian
sent : monday , april 16 , 2001 1 : 57 pm
to : taylor , vance l .
subject : marathon agreement
vance ,
please make sure these wells are listed in the well bore dedication with marathon :
christian # 1
christian # 2
christian f - 1
charles christian # 1
ffot # 1
tatum # 1
tatum # 2
tatum # 3
thanks br | 0 | ham | marathon oil company meter 098 - 6599 nacogodoches co . , tx deal | 705819
- - - - - - - - - - - - - - - - - - - - - - forwarded by julie meyers / hou / ect on 05 / 29 / 2001 04 : 52 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp . from : george weissman 05 / 29 / 2001 03 : 44 pm
to : julie meyers / hou / ect @ ect
cc : melissa graves / hou / ect , brian m riley / hou / ect @ ect , mike morris / corp / enron @ enron , tom acton / corp / enron @ enron ( bcc : julie meyers / hou / ect )
subject : marathon oil company
meter 098 - 6599
nacogodoches co . , tx
deal 705819
julie , please change 705819 to a term deal and add may at if / hsc less $ 0 . 18 . george
- - - - - - - - - - - - - - - - - - - - - - forwarded by george weissman / hou / ect on 05 / 29 / 2001 03 : 36 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : vance l taylor / enron @ enronxgate on 05 / 11 / 2001 02 : 58 pm
to : kimberlee a bennick / hou / ect @ ect
cc : brian m riley / hou / ect @ ect , susan smith / enron @ enronxgate , donald p reinhardt / enron @ enronxgate , melissa graves / enron @ enronxgate , george weissman / hou / ect @ ect
subject : fw : marathon agreement
kim ,
would you please generate and send a lst purchaser gtc based on the following information :
deal maker : brian riley
counterparty : marathon oil company
contact : ed jaroch
contract type : first purchaser gtc
contract term : april , may & june 2001
contract price : for april only fixed price of $ 5 . 06
may facility # 59636
county : nacodoches co . , tx
please well listing below :
if you need additional information , let me know
thanks ,
vlt
- - - - - original message - - - - -
from : riley , brian
sent : monday , april 16 , 2001 1 : 57 pm
to : taylor , vance l .
subject : marathon agreement
vance ,
please make sure these wells are listed in the well bore dedication with marathon :
christian # 1
christian # 2
christian f - 1
charles christian # 1
ffot # 1
tatum # 1
tatum # 2
tatum # 3
thanks br | 2001-05-29T00:00:00 |
28,761 | re : tw capacity can you check with lindy to see what the capacity was at in the plan for next year ? when does the capacity become available ?
- - - - - original message - - - - -
from : lokay , michelle
sent : tuesday , august 14 , 2001 4 : 24 pm
to : harris , steven
subject : re : tw capacity
the spreads don ' t support it , but i believe we have amoco and aquila bidding max rate for the 12 posted months . merit ' s ( southern ) bid was lower in rate and but 10 times the term . hmmm . . . npv ? ! ? !
- - - - - original message - - - - -
from : harris , steven
sent : tuesday , august 14 , 2001 4 : 16 pm
to : lokay , michelle
subject : re : tw capacity
michelle , what did we think we would get for this ? max ? what was the term of the capacity that was posted ?
- - - - - original message - - - - -
from : lokay , michelle
sent : tuesday , august 14 , 2001 3 : 55 pm
to : lohman , tk
cc : lindberg , lorraine ; harris , steven ; watson , kimberly
subject : fw : tw capacity
bid on sempra ' s rofr capacity .
- - - - - original message - - - - -
from : wadle , rick [ mailto : rick . wadle @ mirant . com ]
sent : tuesday , august 14 , 2001 3 : 51 pm
to : lokay , michelle
cc : hogan , john
subject : tw capacity
michelle ,
as per our conversation , mirant americas energy marketing submits the
following bid for capacity :
term 10 years
receipt point : northwest pipeline ( poi 500533 )
delivery point : i / b link ( poi 500545 )
volume 30 , 000 dth / day
rate : $ 0 . 055 dth
thanks for your help
rick wadle | 0 | ham | re : tw capacity | can you check with lindy to see what the capacity was at in the plan for next year ? when does the capacity become available ?
- - - - - original message - - - - -
from : lokay , michelle
sent : tuesday , august 14 , 2001 4 : 24 pm
to : harris , steven
subject : re : tw capacity
the spreads don ' t support it , but i believe we have amoco and aquila bidding max rate for the 12 posted months . merit ' s ( southern ) bid was lower in rate and but 10 times the term . hmmm . . . npv ? ! ? !
- - - - - original message - - - - -
from : harris , steven
sent : tuesday , august 14 , 2001 4 : 16 pm
to : lokay , michelle
subject : re : tw capacity
michelle , what did we think we would get for this ? max ? what was the term of the capacity that was posted ?
- - - - - original message - - - - -
from : lokay , michelle
sent : tuesday , august 14 , 2001 3 : 55 pm
to : lohman , tk
cc : lindberg , lorraine ; harris , steven ; watson , kimberly
subject : fw : tw capacity
bid on sempra ' s rofr capacity .
- - - - - original message - - - - -
from : wadle , rick [ mailto : rick . wadle @ mirant . com ]
sent : tuesday , august 14 , 2001 3 : 51 pm
to : lokay , michelle
cc : hogan , john
subject : tw capacity
michelle ,
as per our conversation , mirant americas energy marketing submits the
following bid for capacity :
term 10 years
receipt point : northwest pipeline ( poi 500533 )
delivery point : i / b link ( poi 500545 )
volume 30 , 000 dth / day
rate : $ 0 . 055 dth
thanks for your help
rick wadle | 2001-08-14T00:00:00 |
7,517 | christmas baskets kevin :
i do not know who half of these people are !
my list would be :
move team
susan kennedy and judy schlesinger ( order all of our subscriptions )
demonica lipscomb ( video scheduling - should include stuart )
dave delainey
mail room
help desk ( our tech is : doug doring )
facilities help desk ( don ' t know who )
marriott ( trina - she takes care of all the lunches we order )
i don ' t think we need to give the ozarka guy one , we have several
who deliver down here , it is not always the same one .
vince probably has more , i will let you know .
thanks !
shirley
kevin g moore
11 / 03 / 2000 12 : 00 pm
to : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , mike a
roberts / hou / ect @ ect , stinson gibner / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect
cc :
subject : new listing
goodmorning everyone ,
last year we did quite a bit of christmas baskets , during the time we were in
the process of
another major move .
we are currently settled on all floors now , therefore our christmas basket
list will be cut more than half .
here are a list of the names that received baskets last year .
matt rodgers
chris hyde
darren prager
charlie notis
harvey freese
jon davis
maryam golnarghi
delores sustaita rodney keys iain
russell trina williams todd
butler pamela ford facilities
robert knight phillip randle mary
martinez daniel hornbuckle ( ozarka )
guy move - team
greg whalley
richard weeks
mary sue rose
there are several names boldly printed that probably will not receive the
baskets this year .
the christmas season is approaching therefore we must start preparing
.
please note that i will be out on vacation dec 13 th - 18 th , if possible i
would like your list of names
before my vacation begins whereby all baskets can arrive at their
destinations on time .
thanks
kevin moore
please any comments , question , answers - feel free to call x 34710 | 0 | ham | christmas baskets | kevin :
i do not know who half of these people are !
my list would be :
move team
susan kennedy and judy schlesinger ( order all of our subscriptions )
demonica lipscomb ( video scheduling - should include stuart )
dave delainey
mail room
help desk ( our tech is : doug doring )
facilities help desk ( don ' t know who )
marriott ( trina - she takes care of all the lunches we order )
i don ' t think we need to give the ozarka guy one , we have several
who deliver down here , it is not always the same one .
vince probably has more , i will let you know .
thanks !
shirley
kevin g moore
11 / 03 / 2000 12 : 00 pm
to : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , mike a
roberts / hou / ect @ ect , stinson gibner / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect
cc :
subject : new listing
goodmorning everyone ,
last year we did quite a bit of christmas baskets , during the time we were in
the process of
another major move .
we are currently settled on all floors now , therefore our christmas basket
list will be cut more than half .
here are a list of the names that received baskets last year .
matt rodgers
chris hyde
darren prager
charlie notis
harvey freese
jon davis
maryam golnarghi
delores sustaita rodney keys iain
russell trina williams todd
butler pamela ford facilities
robert knight phillip randle mary
martinez daniel hornbuckle ( ozarka )
guy move - team
greg whalley
richard weeks
mary sue rose
there are several names boldly printed that probably will not receive the
baskets this year .
the christmas season is approaching therefore we must start preparing
.
please note that i will be out on vacation dec 13 th - 18 th , if possible i
would like your list of names
before my vacation begins whereby all baskets can arrive at their
destinations on time .
thanks
kevin moore
please any comments , question , answers - feel free to call x 34710 | 2000-11-03T00:00:00 |
22,622 | it organizational announcement beth perlman , previously in charge of application development in europe , has
returned to houston to head up ena ' s application development , as well as rac
and treasury applications . beth will report directly to philippe bibi . in
order to capitalize on the enhanced global approach that we have taken , mark
pickering and beth will have joint responsibility for the development groups
that cross regional lines , including global products trading , power trading ,
and other common operations applications .
dan bruce , previously in charge of rac and treasury applications , has assumed
responsibility for it support in the international regions as well as ee & cc
and asset operations .
please join me in congratulating beth & dan on their new positions .
philippe bibi
cto | 0 | ham | it organizational announcement | beth perlman , previously in charge of application development in europe , has
returned to houston to head up ena ' s application development , as well as rac
and treasury applications . beth will report directly to philippe bibi . in
order to capitalize on the enhanced global approach that we have taken , mark
pickering and beth will have joint responsibility for the development groups
that cross regional lines , including global products trading , power trading ,
and other common operations applications .
dan bruce , previously in charge of rac and treasury applications , has assumed
responsibility for it support in the international regions as well as ee & cc
and asset operations .
please join me in congratulating beth & dan on their new positions .
philippe bibi
cto | 2000-02-17T00:00:00 |
12,421 | your registration - fortune ' s mpws oct . 3 - 5 , 2001 dear louise ,
thank you for your registration to fortune ' s most powerful women
in business summit to be held october 3 - 5 , 2001 at the ritz - carlton
huntington hotel & spa in pasadena , calif .
we ' re sorry to have to tell you this , but the response has been
tremendously strong , and we ' ve reached capacity . as of now , we ' re not
able to accommodate your registration . you ' ve been added to the
waitlist for the summit . however , we ' ll notify you by august 15 if a
space becomes available .
in the meantime , if we can be of any assistance , please don ' t hesitate
to call us at 212 - 522 - 8478 .
best regards ,
amy | 0 | ham | your registration - fortune ' s mpws oct . 3 - 5 , 2001 | dear louise ,
thank you for your registration to fortune ' s most powerful women
in business summit to be held october 3 - 5 , 2001 at the ritz - carlton
huntington hotel & spa in pasadena , calif .
we ' re sorry to have to tell you this , but the response has been
tremendously strong , and we ' ve reached capacity . as of now , we ' re not
able to accommodate your registration . you ' ve been added to the
waitlist for the summit . however , we ' ll notify you by august 15 if a
space becomes available .
in the meantime , if we can be of any assistance , please don ' t hesitate
to call us at 212 - 522 - 8478 .
best regards ,
amy | 2001-08-07T00:00:00 |
13,026 | 2001 gain calculation louise ,
per your request . let me know if you have any questions . also , i need to clarify a point on new albany gain / loss .
thanks ,
don | 0 | ham | 2001 gain calculation | louise ,
per your request . let me know if you have any questions . also , i need to clarify a point on new albany gain / loss .
thanks ,
don | 2001-09-26T00:00:00 |
4,609 | over 160 fda approved meds % rnd _ alt % rnd _ alt % rnd _ alt
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| 2004-12-27T00:00:00 |
30,081 | cry for help . from mrs . sarah johnson .
johannesburg .
south africa .
fax : + 1 - 347 - 402 - 0123
tel : + 27 - 73 - 286 - 2518
e - mail ; sarajohnson _ a @ hotmail . com
attn : sir ,
you might be surprise to receive this letter from me since
you don ' t know me personally . i am mrs . sarah johnson the
wife of late mr michael johnson who was murdered by the
zimbabwe war veterans and irate black people . i got your
contact e - mail address through south africa chamber of
commerce and industry . after due consideration of your
profile , hence i decided to write to you . i write to
solicit for your special assistance to my family shattered
by a tyrannical government led by a dictator and his
( zanu - pf ) ruling party . president robert mugabe .
because of land and farmland crisis in zimbabwe the
government secretly sponsored the war veterans and some
irate party members to disposed the land being occupied by
the white farmers . this action hassled to killing of some
members of opposition party including my husband who did
not support this ill - fated action .
but before the death of my husband , he anticipated some
dangers and so he smuggled out the sum of us $ 14 m ( fourtheen
million united states dollars ) to south africa and
deposited it in a security company with the intention of
using it for the purchase of farm machinery and chemicals
for agricultural purpose in south africa and establishment
of a new farm in swaziland .
this money was deposited in a box as a germ stone to avoid
much demurrage in the security company . on the 29 august
2001 the war veterans and some spotters of ( zanu - pf ) ruling
party trooped into our compound and axed my husband to
death and my second son of 22 yrs . since then they have been
terrorizing my son anthony but he managed to escape to
neighboring country south africa as a political asylum
seeker ( refugee ) .
his position in south africa dose not permits him to open
an account or to operate any business . that is why i want
this fund to be transferred in your account so that you
will assist him to invest the money in your country . i must
let you know that this transaction is 100 % risk free . if
you accept to assist us , all i want from you is to arrange
and come down to johannesburg south africa so that you can
help him to open a non - resident bank account in your name
which will aid us in transferring the money into your
nominating account overseas . i have two option for you ,
firstly , you can choose to have certain percentage of the
money for nominating your account in this transaction or we
can go into partnership with you for the proper profitable
investment of the money in your country whichever the
option you want feel free to notify with him . he will then
furnish you with every detail you needed to know . we have
also mapped out 5 % of the total sum for any expenses that
might be incurred during the time of this transaction .
if you do not prefer a partnership , we are willing to give
you 25 % of the money while remaining 70 % will remain for my
family , if you are really capable and willing to assist us
please contact him immediately in south africa with this
e - mail that i used to sent this mail to you .
finally please treat this matter as urgent as possible , i ' m
in dire him to leave that country soonest . thanks for
you ' re mutual co - operation . and i expect your urgent call
to my son anthony to this phone number + 27 - 73 - 286 - 2518 so
that he will furnish you with more information . e - mail
; sarajohnson _ h @ hotmail . com
best regards ,
( mrs sarah johnson ) | 1 | spam | cry for help . | from mrs . sarah johnson .
johannesburg .
south africa .
fax : + 1 - 347 - 402 - 0123
tel : + 27 - 73 - 286 - 2518
e - mail ; sarajohnson _ a @ hotmail . com
attn : sir ,
you might be surprise to receive this letter from me since
you don ' t know me personally . i am mrs . sarah johnson the
wife of late mr michael johnson who was murdered by the
zimbabwe war veterans and irate black people . i got your
contact e - mail address through south africa chamber of
commerce and industry . after due consideration of your
profile , hence i decided to write to you . i write to
solicit for your special assistance to my family shattered
by a tyrannical government led by a dictator and his
( zanu - pf ) ruling party . president robert mugabe .
because of land and farmland crisis in zimbabwe the
government secretly sponsored the war veterans and some
irate party members to disposed the land being occupied by
the white farmers . this action hassled to killing of some
members of opposition party including my husband who did
not support this ill - fated action .
but before the death of my husband , he anticipated some
dangers and so he smuggled out the sum of us $ 14 m ( fourtheen
million united states dollars ) to south africa and
deposited it in a security company with the intention of
using it for the purchase of farm machinery and chemicals
for agricultural purpose in south africa and establishment
of a new farm in swaziland .
this money was deposited in a box as a germ stone to avoid
much demurrage in the security company . on the 29 august
2001 the war veterans and some spotters of ( zanu - pf ) ruling
party trooped into our compound and axed my husband to
death and my second son of 22 yrs . since then they have been
terrorizing my son anthony but he managed to escape to
neighboring country south africa as a political asylum
seeker ( refugee ) .
his position in south africa dose not permits him to open
an account or to operate any business . that is why i want
this fund to be transferred in your account so that you
will assist him to invest the money in your country . i must
let you know that this transaction is 100 % risk free . if
you accept to assist us , all i want from you is to arrange
and come down to johannesburg south africa so that you can
help him to open a non - resident bank account in your name
which will aid us in transferring the money into your
nominating account overseas . i have two option for you ,
firstly , you can choose to have certain percentage of the
money for nominating your account in this transaction or we
can go into partnership with you for the proper profitable
investment of the money in your country whichever the
option you want feel free to notify with him . he will then
furnish you with every detail you needed to know . we have
also mapped out 5 % of the total sum for any expenses that
might be incurred during the time of this transaction .
if you do not prefer a partnership , we are willing to give
you 25 % of the money while remaining 70 % will remain for my
family , if you are really capable and willing to assist us
please contact him immediately in south africa with this
e - mail that i used to sent this mail to you .
finally please treat this matter as urgent as possible , i ' m
in dire him to leave that country soonest . thanks for
you ' re mutual co - operation . and i expect your urgent call
to my son anthony to this phone number + 27 - 73 - 286 - 2518 so
that he will furnish you with more information . e - mail
; sarajohnson _ h @ hotmail . com
best regards ,
( mrs sarah johnson ) | 2004-10-22T00:00:00 |
19,893 | usb 2 . 0 docking station @ $ 39 . 90 usb 2 . 0 dock
unit
this handy little usb 2 . 0 device
can provide additional ports to notebooks or pc ' s lacking certain
ports . this dock is usb powered and provides parallel , ps / 2 , serial and usb
ports ! ! pack includes : usb 2 . 0 dock , usb cable a to b ,
driver on cd .
$ 39 . 90
general features
- fully compliant with usb
2 . 0 / 1 . 1 / 1 . 0 specification - supports ohci / uhci / ehci usb host
controller - provides 4 downstream ports ( 3 high speed , 1 full / low
speed ) 1 upstream port - supports both self and bus powered
mode - over current detection and protection per port - supports
both high speed 480 mbps and full speed 12 mbps - complete rs 232
modem control signal - supports db 9 rs 232
connectorports provided - ( 4 ) usb ports - ( 1 )
25 - pin parallel port - ( 1 ) 9 - pin serial
port
visit : http : / / www . computron - me . com for deals
!
your one stop
distributorjebel ali duty free zonedubai , uae . www . computron - me . com
for latest
clearance sale
listing contact our sales
department .
only limited quantities available on selected
specials ! ! ! !
for further details please
send your enquiries to : dealers @ emirates . net . aeor contact via www . computron - me . com
compaq
hewlett packard
3 com
dell
intel
iomega
epson
aopen
creative
toshiba
apc
cisco
us robotics
microsoft
canon
intellinet
targus
viewsonic
ibm
sony
- - - - - - - and lots
more ! ! !
if you have any
complaints / suggestions contact : customerservice @ computron - me . com
tel
+ 971 4 8834464
all prices in u . s . dollars ,
ex - works ,
fax + 971 4
8834454
jebel ali duty free
zone
www . computron - me . com
prices and availability subject to
change
usa -
canada u . a . e .
without
notice .
to receive our special
offers in plain
text format reply to
this mail with the request * for
export only *
this email can not be considered spam as long as we
include : contact information remove instructions . this
message is intended for dealer and resellers only . if you have
somehow gotten on this list in error , or for any other reason would
like to be removed , please reply with " remove " in the subject line
of your message . this message is being sent to you in compliance
with the federal legislation for commercial e - mail ( h . r . 4176 - section
101 paragraph ( e ) ( 1 ) ( a ) and bill s . 1618 title iii passed by the
105 th u . s . congress .
all logos
and trademarks are the property of their respective
owners
products may not
be exactly as shown
above
- -
to unsubscribe from : computron 3 , just follow this link :
click the link , or copy and paste the address into your browser .
please give it atleast 48 hours for unsubscription to be effective . | 1 | spam | usb 2 . 0 docking station @ $ 39 . 90 | usb 2 . 0 dock
unit
this handy little usb 2 . 0 device
can provide additional ports to notebooks or pc ' s lacking certain
ports . this dock is usb powered and provides parallel , ps / 2 , serial and usb
ports ! ! pack includes : usb 2 . 0 dock , usb cable a to b ,
driver on cd .
$ 39 . 90
general features
- fully compliant with usb
2 . 0 / 1 . 1 / 1 . 0 specification - supports ohci / uhci / ehci usb host
controller - provides 4 downstream ports ( 3 high speed , 1 full / low
speed ) 1 upstream port - supports both self and bus powered
mode - over current detection and protection per port - supports
both high speed 480 mbps and full speed 12 mbps - complete rs 232
modem control signal - supports db 9 rs 232
connectorports provided - ( 4 ) usb ports - ( 1 )
25 - pin parallel port - ( 1 ) 9 - pin serial
port
visit : http : / / www . computron - me . com for deals
!
your one stop
distributorjebel ali duty free zonedubai , uae . www . computron - me . com
for latest
clearance sale
listing contact our sales
department .
only limited quantities available on selected
specials ! ! ! !
for further details please
send your enquiries to : dealers @ emirates . net . aeor contact via www . computron - me . com
compaq
hewlett packard
3 com
dell
intel
iomega
epson
aopen
creative
toshiba
apc
cisco
us robotics
microsoft
canon
intellinet
targus
viewsonic
ibm
sony
- - - - - - - and lots
more ! ! !
if you have any
complaints / suggestions contact : customerservice @ computron - me . com
tel
+ 971 4 8834464
all prices in u . s . dollars ,
ex - works ,
fax + 971 4
8834454
jebel ali duty free
zone
www . computron - me . com
prices and availability subject to
change
usa -
canada u . a . e .
without
notice .
to receive our special
offers in plain
text format reply to
this mail with the request * for
export only *
this email can not be considered spam as long as we
include : contact information remove instructions . this
message is intended for dealer and resellers only . if you have
somehow gotten on this list in error , or for any other reason would
like to be removed , please reply with " remove " in the subject line
of your message . this message is being sent to you in compliance
with the federal legislation for commercial e - mail ( h . r . 4176 - section
101 paragraph ( e ) ( 1 ) ( a ) and bill s . 1618 title iii passed by the
105 th u . s . congress .
all logos
and trademarks are the property of their respective
owners
products may not
be exactly as shown
above
- -
to unsubscribe from : computron 3 , just follow this link :
click the link , or copy and paste the address into your browser .
please give it atleast 48 hours for unsubscription to be effective . | 2004-09-23T00:00:00 |
17,966 | start date : 2 / 1 / 02 ; hourahead hour : 19 ; start date : 2 / 1 / 02 ; hourahead hour : 19 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002020119 . txt | 0 | ham | start date : 2 / 1 / 02 ; hourahead hour : 19 ; | start date : 2 / 1 / 02 ; hourahead hour : 19 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002020119 . txt | 2002-02-01T00:00:00 |
7,861 | default rates please see below for my note to jeremy at the bottom and his reponse . i
have placed mark ruane ' s yields against a mid november default frequency
table . note there may be a slight shearing in dates , but the concept is
more important :
market implied cumulative default rates ( % ) :
1 year 5 year 10 year
aaa 0 . 51 5 . 74 14 . 54
aa 0 . 67 6 . 39 16 . 61
a 0 . 98 8 . 98 21 . 03
bbb 1 . 17 9 . 88 22 . 39
bb 3 . 27 18 . 62 37 . 51
b 4 . 65 24 . 21 46 . 27
s & p historical default rates ( % ) :
1 year 5 year 10 year
aaa 0 . 00 0 . 13 0 . 67
aa 0 . 01 0 . 33 0 . 90
a 0 . 04 0 . 47 1 . 48
bbb 0 . 21 1 . 81 3 . 63
bb 0 . 91 8 . 82 14 . 42
b 5 . 16 20 . 95 27 . 13
in looking at the one - year transition rates as a very rough proxy for how
many more defaults occur in a recession ( 1991 ) versus average ( 1981 - 1999 )
historical default rates ( % ) :
investment grade non - investment
grade
avg . 1981 - 99 0 . 07 4 . 21
1991
0 . 12 10 . 40
multiple 1 . 7 x
2 . 5 x
looking at where the market implied default rates divided by the historicals
default rates to obtain a " multiple " ( how much more severe than historical ) :
1 year 5 year 10 year
aaa infinite 44 . 2 x 21 . 7 x
aa 67 . 0 x 19 . 4 x 18 . 5 x
a 24 . 5 x 19 . 1 x 14 . 2 x
bbb 5 . 6 x 5 . 5 x 6 . 2 x
bb 3 . 6 x 2 . 1 x 2 . 6 x
b 1 . 1 x 1 . 2 x 1 . 7 x
on the 10 year historical figures , we need to be careful as the s & p static
pool figures show a definite seasoning ( lower defaults in late years probably
due to prepayment ) versus our contracts . secondly , the s & p figures have
withdrawn ratings , which usually mean they are stale , but loosing some
information content .
i will ask emy to set up a meeting to discuss further .
- - - - - - - - - - - - - - - - - - - - - - forwarded by michael tribolet / corp / enron on 12 / 11 / 2000
07 : 06 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : jeremy blachman @ ees on 12 / 10 / 2000 07 : 21 am
to : michael tribolet / corp / enron @ enron
cc :
subject : default rates
thanks . i would strongly suggest an offsite sooner than later with a handful
of the right people so that we can step back and design the right
architecture for looking at credit in our deals . it is broken , not clear ,
killing our velocity and true capabilities . we also need to look at staffing ,
skills sets , the credit reserve model etc . perhaps you should take a crack at
an agenda .
- - - - - - - - - - - - - - - - - - - - - - forwarded by jeremy blachman / hou / ees on 12 / 10 / 2000
07 : 08 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
michael tribolet @ enron
12 / 09 / 2000 03 : 51 pm
to : jeremy blachman / hou / ees @ ees
cc :
subject : default rates
i visited with vince kaminski for about 20 minutes today regarding the market
implied defaults rates and the disconnect in investment grade land . he is
seeing the same anomaly and agreed that we as a company need to revisit the
methodology employed in calculating the implied figures . i will follow
through and report back . | 0 | ham | default rates | please see below for my note to jeremy at the bottom and his reponse . i
have placed mark ruane ' s yields against a mid november default frequency
table . note there may be a slight shearing in dates , but the concept is
more important :
market implied cumulative default rates ( % ) :
1 year 5 year 10 year
aaa 0 . 51 5 . 74 14 . 54
aa 0 . 67 6 . 39 16 . 61
a 0 . 98 8 . 98 21 . 03
bbb 1 . 17 9 . 88 22 . 39
bb 3 . 27 18 . 62 37 . 51
b 4 . 65 24 . 21 46 . 27
s & p historical default rates ( % ) :
1 year 5 year 10 year
aaa 0 . 00 0 . 13 0 . 67
aa 0 . 01 0 . 33 0 . 90
a 0 . 04 0 . 47 1 . 48
bbb 0 . 21 1 . 81 3 . 63
bb 0 . 91 8 . 82 14 . 42
b 5 . 16 20 . 95 27 . 13
in looking at the one - year transition rates as a very rough proxy for how
many more defaults occur in a recession ( 1991 ) versus average ( 1981 - 1999 )
historical default rates ( % ) :
investment grade non - investment
grade
avg . 1981 - 99 0 . 07 4 . 21
1991
0 . 12 10 . 40
multiple 1 . 7 x
2 . 5 x
looking at where the market implied default rates divided by the historicals
default rates to obtain a " multiple " ( how much more severe than historical ) :
1 year 5 year 10 year
aaa infinite 44 . 2 x 21 . 7 x
aa 67 . 0 x 19 . 4 x 18 . 5 x
a 24 . 5 x 19 . 1 x 14 . 2 x
bbb 5 . 6 x 5 . 5 x 6 . 2 x
bb 3 . 6 x 2 . 1 x 2 . 6 x
b 1 . 1 x 1 . 2 x 1 . 7 x
on the 10 year historical figures , we need to be careful as the s & p static
pool figures show a definite seasoning ( lower defaults in late years probably
due to prepayment ) versus our contracts . secondly , the s & p figures have
withdrawn ratings , which usually mean they are stale , but loosing some
information content .
i will ask emy to set up a meeting to discuss further .
- - - - - - - - - - - - - - - - - - - - - - forwarded by michael tribolet / corp / enron on 12 / 11 / 2000
07 : 06 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : jeremy blachman @ ees on 12 / 10 / 2000 07 : 21 am
to : michael tribolet / corp / enron @ enron
cc :
subject : default rates
thanks . i would strongly suggest an offsite sooner than later with a handful
of the right people so that we can step back and design the right
architecture for looking at credit in our deals . it is broken , not clear ,
killing our velocity and true capabilities . we also need to look at staffing ,
skills sets , the credit reserve model etc . perhaps you should take a crack at
an agenda .
- - - - - - - - - - - - - - - - - - - - - - forwarded by jeremy blachman / hou / ees on 12 / 10 / 2000
07 : 08 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
michael tribolet @ enron
12 / 09 / 2000 03 : 51 pm
to : jeremy blachman / hou / ees @ ees
cc :
subject : default rates
i visited with vince kaminski for about 20 minutes today regarding the market
implied defaults rates and the disconnect in investment grade land . he is
seeing the same anomaly and agreed that we as a company need to revisit the
methodology employed in calculating the implied figures . i will follow
through and report back . | 2000-12-11T00:00:00 |
17,579 | start date : 1 / 3 / 02 ; hourahead hour : 3 ; start date : 1 / 3 / 02 ; hourahead hour : 3 ; no ancillary schedules awarded . variances detected .
variances detected in load schedule .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002010303 . txt
- - - - load schedule - - - -
$ $ $ variance found in table tblloads .
details : ( hour : 3 / preferred : 13 . 84 / final : 13 . 81 )
trans _ type : final
load _ id : pge 4
mkt _ type : 2
trans _ date : 1 / 3 / 02
sc _ id : enrj | 0 | ham | start date : 1 / 3 / 02 ; hourahead hour : 3 ; | start date : 1 / 3 / 02 ; hourahead hour : 3 ; no ancillary schedules awarded . variances detected .
variances detected in load schedule .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002010303 . txt
- - - - load schedule - - - -
$ $ $ variance found in table tblloads .
details : ( hour : 3 / preferred : 13 . 84 / final : 13 . 81 )
trans _ type : final
load _ id : pge 4
mkt _ type : 2
trans _ date : 1 / 3 / 02
sc _ id : enrj | 2002-01-03T00:00:00 |
23,100 | associates prc meeting we have a new date - monday , july 24 th beginning at 9 : 00 am . i will contact
your supervisors after the prc meeting to let them know the final results .
your supervisor will give your performance review and will be able to
summarize the feedback received through the pep system during the review .
thanks for providing your resumes . i will feel more informed during the
process . | 0 | ham | associates prc meeting | we have a new date - monday , july 24 th beginning at 9 : 00 am . i will contact
your supervisors after the prc meeting to let them know the final results .
your supervisor will give your performance review and will be able to
summarize the feedback received through the pep system during the review .
thanks for providing your resumes . i will feel more informed during the
process . | 2000-07-21T00:00:00 |
14,165 | enron mentions usa : some fault rating agencies on enron debacle .
reuters english news service , 11 / 28 / 01
usa : update 1 - enron names two to new litigation committee .
reuters english news service , 11 / 28 / 01
usa : enron hires blackstone for corporate advice - source .
reuters english news service , 11 / 28 / 01
usa : metals traders lament loss of enrononline liquidity .
reuters english news service , 11 / 28 / 01
usa : u . s . stocks fall as enron woes ripple through market .
reuters english news service , 11 / 28 / 01
usa : enron falls victim to the deregulation it preached .
reuters english news service , 11 / 28 / 01
usa : northwest natural files to acquire enron utility .
reuters english news service , 11 / 28 / 01
enron employees ' angry , stunned ' as merger dies
dow jones energy service , 11 / 28 / 01
mirant ' confident ' in light of enron situation
dow jones news service , 11 / 28 / 01
enron trade partners can liquidate positive portfolios
dow jones energy service , 11 / 28 / 01
citigroup , jp morgan bonds weaken after enron downgrade
dow jones capital markets report , 11 / 28 / 01
point of view : enron mess is no long term capital mgmt
dow jones news service , 11 / 28 / 01
in the money : enron trades heavily off the nyse
dow jones news service , 11 / 28 / 01
stocks finish lower on merger collapse , weak fed report
dow jones business news , 11 / 28 / 01
u . s . physical gas prices end up ; converge with nymex
dow jones energy service , 11 / 28 / 01
dynegy pulls the plug on enron
thestreet . com , 11 / 28 / 01
dynegy abandons enron deal
cbsmarketwatch . com , 11 / 28 / 01
citi , morgan sink on enron exposure
cbsmarketwatch . com , 11 / 28 / 01
at enron , best lay plans go awry commentary : from cabinet prospect to bankruptcy
cbsmarketwatch . com , 11 / 28 / 01
usa : some fault rating agencies on enron debacle .
by jonathan stempel
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 28 ( reuters ) - now that enron corp . ' s credit and debt ratings have fallen to junk status , crippling what once was the largest u . s . energy trader , observers are pointing fingers , and wondering what took the top three u . s . credit rating agencies so long to act .
" the rating agencies are at fault here for waiting so long and thinking they could hold the deal together , " said tom burnett , a director of merger insight , a research and analysis firm . " that ' s not their job . there ' s not one new piece of information available today that wasn ' t available last week . "
the agencies - standard & poor ' s , moody ' s investors service and fitch - denied being influenced to keep enron ' s once investment - grade ratings , or they declined to discuss the issue .
observers , though , said investment banks arranging enron ' s now - dissolved merger with once - smaller rival dynegy inc . - citigroup inc . and j . p . morgan chase & co . - had been fighting to preserve those ratings . they now stand to lose millions of dollars of advisory fees with the merger ' s collapse .
" s & p and moody ' s have stated that they ' re not going to be the cause of problems for a company , and in my opinion waited until dynegy decided not to proceed with the merger , " said sean egan , managing director at egan - jones ratings co . in philadelphia . egan - jones on wednesday cut its own debt rating for enron to " c , " one notch above default .
anger grows
prices on enron ' s distressed bonds had been in a tailspin for several sessions , and after wednesday ' s cuts they fell by more than half . traders bid them on wednesday near 25 cents on the dollar , with often triple - digit yields .
" i do get the feeling there is a lot of anger and feeling that something should have occurred before " wednesday , said mary ann hurley , vice president of fixed - income trading at d . a . davidson in seattle . " there was talk in the markets that the absence of official statements from dynegy and enron ( on ) tuesday should have been taken by the rating agencies as a clue that the merger was about to fall apart . "
that happened on wednesday .
within about a two - hour period , the rating agencies cut their senior unsecured debt ratings for enron - to " b - minus " by s & p , to " b 2 " by moody ' s , and to " cc " by fitch .
almost simultaneous with the fitch downgrade , dynegy announced it had backed out of the $ 9 billion merger .
the three big rating agencies are paid by companies to assess their ability to repay debt . many companies need these ratings to raise money from investors . sometimes , though , the agencies face criticism for being too slow to act , or being susceptible to outside pressure .
indeed , in january they were criticized for waiting for actual defaults before downgrading california utilities pacific gas & electric co . and southern california edison to junk status .
role of agencies
with regard to the proposed enron - dynegy merger , on nov . 8 , a day before the merger was announced , top citigroup and j . p . morgan officials met with moody ' s , a person familiar with the meeting said . a day later , moody ' s cut enron ' s rating , but not to junk .
john diaz , a moody ' s managing director , denied facing new pressures this week . " in any rating activity , we ' re discussing developments with the companies , so we ' ve been in touch with the companies as we normally would do , " he said . " we have not had contact with the banks . "
ron barone , an s & p director , denied getting pressure from banks this week to hold off on a rating downgrade .
" none whatsoever , " he said in a conference call . " no substance at all . we have not been in contact with the banks . "
meanwhile , glen grabelsky , a senior director in fitch ' s policy group , said " our conversations with the issuers and the agents are confidential . "
diaz and grabelsky said their respective agencies did not decide until wednesday morning to downgrade enron .
" there wasn ' t one specific event to trigger the downgrade , " said diaz . " in the last couple of days our concerns were heightened given the rate of erosion of the ( enron ) franchise , and the declining probability the merger would be consummated as originally expected . "
grabelsky said : " when we lost confidence in the transaction , that ' s when we started preparing to notify the markets . "
d . a . davidson ' s hurley said the delays could be understandable .
" given that the merger or buyout by dynegy wasn ' t officially called off " until wednesday , she said , " it would have been really hard for the rating agencies to move ( enron ) to junk status when there was a buyout that was pending . "
( additional reporting by lynn adler and tom johnson in new york , and c . bryson hull in houston . ) .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : update 1 - enron names two to new litigation committee .
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
houston , nov 28 ( reuters ) - enron corp . on wednesday named two outsiders to a new litigation committee that will evaluate claims in shareholder lawsuits as the troubled energy trader totters at the edge of one of the biggest corporate collapses in u . s . history .
analysts said one would have to go to the days before the securities and exchange commission was formed in the 1930 s to find a corporate unraveling of the magnitude that enron currently faces .
the drop in the value of enron ' s stock - to 60 cents a share at one point wednesday from an all - time high $ 90 . 56 15 months ago - has attracted a flood of suits alleging the misleading of investors to inflate the stock price to the benefit of corporate executives .
enron said raymond troubh , a new york - based financial consultant who has been a non - executive director of more than 25 public companies , was elected a director to chair the special litigation committee .
william powers jr . , dean of the university of texas school of law , who joined enron ' s board in october , also will serve on the litigation committee , the company said in a statement .
lawsuits have been filed against enron and top management after a series of surprise disclosures , including the admission the company erred on its financial statements .
earlier wednesday , dynegy inc . terminated its merger agreement with enron , causing enron shares to close down $ 3 . 53 , or 85 . 27 percent , at 61 cents .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron hires blackstone for corporate advice - source .
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 28 ( reuters ) - enron corp . , the troubled energy trading firm , hired new york - based investment bank blackstone group for advice on corporate matters , according to a person familiar with the situation .
enron , which is threatened with collapse after rival dynegy inc . on wednesday scuttled a proposed $ 9 billion purchase of the company , hired blackstone late last week , the source said .
enron could not be immediately reached for comment . blackstone declined to comment .
blackstone , which has advised troubled companies including xerox corp . , chiquita brands international inc . and globalstar telecommunications inc . , provides advice on reorganization and debt restructuring , as well as mergers and acquisition services .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : metals traders lament loss of enrononline liquidity .
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 28 ( reuters ) - u . s . metals dealers lamented the loss of a leading online trading platform after crippled enron corp shut down its enrononline system wednesday , but they said it might present an opportunity to grab market share in base metals brokerage business .
things quickly unraveled for the once giant commodities trader wednesday when cross - town rival energy trader dynegy inc . pulled out of a deal to buy it , saying conditions had changed since the takeover was agreed on almost three weeks ago .
unless enrononline comes back on - line , dealers who used the internet - based system will have to swiftly migrate their business to other brokerages , market sources said .
" you ' re hoping you are going to be able to do the business ( done formerly on enrononline ) . that was a usable platform and it was easy to trade at any time - it was an around - the - clock system . that is going to dry up , " a new york broker said .
houston - based enron said it indefinitely suspended future operation of enrononline on wednesday . u . s . and european traders said it closed down shortly after standard & poor ' s cut the financially troubled houston - based company ' s credit rating to " junk " status .
now , base metal markets could be poised to lose , at least temporarily , a degree of liquidity during off - hours , after the new york mercantile exchange and london metal exchange close in the afternoon .
" people are going to make adjustments , go back to the way it was before enrononline , and either there is going to be some other kind of quoting ability or the markets are going to be quiet after the exchange hours , " the broker told reuters .
the question remains whether any of enron ' s competitors would step up to fill the void .
a spokesperson at energy and precious metals platform , which offers physical and cash - settled trading in gold , silver , energy and power products , said ice would accommodate customers if they demanded trading in base metals products .
" if after - hours trading in ( base ) metals is something that their customers want to see on the ice system , then they ' ll look into seeing how they can implement it , " the spokesperson for atlanta - based ice said .
" their market participants pretty much dictate what is on the system , and that is how it works with metals as well , " she said .
one of ice ' s partners , mirant , said on wednesday that ice trading volume had increased 30 percent last month as players flocked to ice as an alternative to enrononline .
a midwestern base metals trader said markets would feel strong ripple effects from enron ' s problems , although players seemed immediately puzzled at how to react .
" it should really affect futures markets , and that could mean business for their ( enron ' s ) competitors , " said the trader .
an enron metals trader in new york on wednesday declined to comment when asked about the outlook of the company ' s trading .
enron metals acquired mg plc in 2002 , taking over its positions on the lme and its sizable physical metal book .
enrononline until recently accounted for about 60 percent of the daily trade volume handled by enron .
" nobody wishes for this to happen because enron have good people and they did business in a professional way - that ' s my opinion , " said the midwestern trader .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : u . s . stocks fall as enron woes ripple through market .
by denise duclaux
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 28 ( reuters ) - stocks sank on wednesday as energy trader enron corp . teetered on the brink of one of the biggest corporate implosions in u . s . history and added more fuel to the debate swirling around the market ' s powerful run - up .
" the market has come awfully far , awfully fast , " said jon brorson , director of equities for northern trust , which manages more than $ 300 billion . " enron is weighing on it , too . i think people are a little squeamish as to the reverberations , and it ' s a great excuse to take some profits . "
enron plunged more than 85 percent in frenzied trading after rival dynegy inc . pulled out of its planned $ 9 billion takeover of the beleaguered energy trader . credit rating agencies slashed enron ' s bonds to junk status and shoved the once mighty company another step closer to bankruptcy .
enron squeezed other energy traders and financial giants citigroup inc . and jp morgan chase & co . inc . , which may suffer losses of more than $ 400 million combined on their lending to the energy trading group , according to at least one analyst .
gold stocks rose as skittish investors sought out safe havens .
the blue - chip dow jones industrial average surrendered 160 . 74 points , or 1 . 63 percent , to 9 , 711 . 86 , the largest drop in about a month and the lowest close since nov . 12 . the broader standard & poor ' s 500 index slid 20 . 98 points , or 1 . 83 percent , to 1 , 128 . 52 . the technology - laced nasdaq composite index dropped 48 points , or 2 . 48 percent , to 1 , 887 . 97 .
enron dragged on the market as questions swirled around a strong rally that has lifted stocks well off the sept . 21 lows reached in the aftermath of the attacks on the united states . investors , still expecting an economic recovery in 2002 , pocketed profits on worries that share prices are getting too far ahead of prospects for corporate earnings .
" the market felt it was getting a little too optimistic a little too quickly and there ' s recognition of the many , many risks in this environment , " said milton ezrati , a senior strategist at lord abbett & co . , which oversees $ 40 billion .
losers outpaced winners by a ratio of 2 to 1 on the new york stock exchange and nasdaq . more than 1 . 4 billion shares traded on the big board and more than 1 . 8 billion on the nasdaq .
economic conditions were still sluggish in late october and early november in the wake of the sept . 11 attacks , according to a federal reserve " beige book " report - an anecdotal snapshot of the economy based on reports from the fed ' s 12 regional banks . the fed added the slowdown deepened in most regions , outweighing signs of recovery in a few areas .
enron plunged $ 3 . 53 to 61 cents after snagging a year high of almost $ 85 late last year . the stock ' s trading volume soared to more than 181 million shares during the regular session , setting a new record for any stock for a single day on the new york stock exchange .
negative disclosures about its finances have strangled the once - proud energy giant , which was forced to lower its reported earnings by $ 600 million over the past four years as a result of questionable off - balance - sheet transactions .
enron " entrapped the sophisticates , " said robert stovall , senior strategist at prudential securities , referring to what was once an almost fawning admiration for enron by institutional investors . " i think this is going to become a classic case . "
dynegy , off $ 4 . 92 at $ 35 . 97 , pulled out of its deal to rescue enron , saying conditions had changed since the takeover was agreed on almost three weeks ago . dynegy had planned to buy its rival for about $ 9 billion in stock , but the collapse of enron ' s stock led dynegy to invoke escape clauses allowing it to get out of the deal .
j . p . morgan , down $ 2 . 30 at $ 37 . 50 , and citigroup , down $ 2 . 75 at $ 47 . 80 , pulled the dow down as investors worried over their exposure to enron , which could be facing bankruptcy . the two investment banks accounted for more than one - fifth of the blue - chip dow ' s losses .
the standard & poor ' s natural gas index sank 9 . 36 percent , reflecting the losses by enron and dynegy and other sectoral issues such as el paso corp . , down $ 3 . 59 to $ 44 . 91 , and kinder morgan inc . , off $ 1 . 03 to $ 47 . 60 .
the philadelphia stock exchange semiconductor index tumbled 4 . 70 percent . chip leader intel corp . lost 55 cents to $ 31 . 76 . semiconductor shares have surged in the past two months as investors hoped they would be the first to benefit from an economic recovery .
major u . s . airlines sank as the sector pulled back from recent gains fueled by a slump in oil prices . the s & p airline index surrendered 2 . 76 percent .
continental airlines inc . fell $ 2 . 40 to $ 21 . 70 after an announcement of a public share offering that will add 12 percent more stock . us airways group inc . fell $ 1 . 58 to $ 6 . 42 after the unexpected resignation of its chief executive on tuesday .
nexell therapeutics inc . surged more than 220 percent , or $ 1 . 65 to $ 2 . 40 . the drug developer said its experimental drug for a rare blood ailment has been granted " orphan " drug status by u . s . regulators . a drug company receives seven years of u . s . marketing exclusivity if an orphan drug is approved for sale by the food and drug administration .
sri / surgical express inc . tanked 41 percent , or $ 10 . 35 , to $ 14 . 63 . the medical supplies company said it restated quarterly results , cutting reported earnings below wall street estimates . it also said it lost customers and failed to expand business as it had anticipated .
flextronics international ltd . added 80 cents to $ 26 . 35 after the contract manufacturer said business was " good " and it was comfortable with quarterly estimates .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron falls victim to the deregulation it preached .
by vibeke laroi
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
san francisco , nov 28 ( reuters ) - enron corp . , once the champion of energy deregulation , has fallen victim to the very volatility that often accompanies the transition from an orderly , regulated marketplace to one that follows the harsh laws of supply and demand .
enron , until recently the nation ' s largest energy trader , stood at the brink of one of the biggest corporate collapses in u . s . history on wednesday as its rescue by rival dynegy inc . fell apart .
" enron is in some ways the victim of its own success , " said gerald keenan , lead energy strategy partner at pwc consulting , part of . " all this wouldn ' t have occured if the market wasn ' t deregulated . "
enron was one of the earliest and most aggressive advocates of power deregulation , which breaks down traditional utility monopolies by letting customers choose their electricity provider , banking on competition to drive down prices .
its aggressive strategies gave enron 20 percent of the north american electricity and natural gas market , and enron was ranked no . 7 on fortune magazine ' s list of the biggest u . s . companies .
the downfall
but in recent weeks , enron ' s credit and debt spiralled out of control as a series of partnerships designed to hide debt off of its balance sheet caused its investors to lose faith .
the partnerships , which included top enron executives , are the subject of a u . s . securities and exchange investigation .
in a fluid , competitive marketplace , punishment comes quickly . enron ' s share price closed at 61 cents on wednesday , down $ 3 . 53 , or 85 percent , from a peak of over $ 90 in august 2000 , after the top three u . s . rating agenices downgraded enron to junk status .
" there are winners and losers in deregulated markets and people who champion them are not necessarily those who will be around in the end , " keenan said .
as more business and mounting profits fell into enron ' s hands , the company took on a air of invicibility .
despised by some market players , many of its trading partners nevertheless were willing to go out on a limb because of enron ' s good reputation , smart traders , and high - flying share price .
enron ' s core business of trading electricity and natural gas relies highly on creditworthiness , and much of its trading was backed by a corporate guarantee , a kind of standby iou .
once that credit guarantee began to be be doubted , credit managers pulled the fire alarm and reduced their exposure .
" up to about two months ago , an enron corporate guarantee was seen by many as money in the bank . then the whole house of cards came down , " keenan said .
people began looking at enron more closely , especially since october when a series of negative disclosures about the company ' s finances forced the company to lower its reported earnings by $ 600 million over the last four years as a result of questionable off - balance sheet transactions .
enron ' s trading business - its crown jewel - has also suffered from lower volumes as wary trading partners shifted business away from the cash - poor and credit - threatened enron .
what now ?
if enron ' s fallout has a significant affect on the regulated companies it did business with , regulators and policymakers could slow down the pace of power deregulation .
but if the damage is confined to the wholesale trading market , there will not be as much impact , analysts said .
so far , 23 states and the district of columbia have moved to deregulate their retail power markets , although nearly one third of them have delayed the onset of competition partly due to california ' s failed free market experiment .
analysts also said if enron is no longer a major player in the large customer market , where it has been very effective , deregulation is not likely to proceed as quickly .
" it ' s a perception issue . enron ' s struggle may have adverse consequences on retail choice even though it has very little to do with it , " said sharon reishus , an associate director of north american power at cambridge energy research associates ( cera ) , an independent research firm based in cambridge , massachusetts .
" this puts us more into the muddle of whether deregulation is good or not . "
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : northwest natural files to acquire enron utility .
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
salem , ore . , nov 28 ( reuters ) - northwest natural gas co on wednesday said it had applied with oregon regulators to acquire utility portland general electric , a unit of troubled energy giant enron corp .
in a statement , northwest natural gas made no mention of the crisis at pge ' s parent and the growing fears enron could be forced into bankruptcy after its credit ratings were slashed to junk status and a rescue by rival dynegy inc . collapsed on wednesday .
but analysts have said that a bankruptcy filing by cash - strapped enron could complicate the proposed sale of oregon ' s largest utility and constrain its ability to buy power for customers if credit concerns deepen .
ratings agencies took different positions on how pge ' s own credit rating would be affected by enron ' s financial crisis .
moody ' s investor services cut the credit ratings of pge on wednesday , citing concerns about the utility ' s ability to remain insulated from the collapse in investor confidence in enron .
but another major ratings agency , standard & poor ' s , excluded pge from a downgrade of enron and subsidiaries , citing protective restrictions in the relationship between the utility and its parent .
northwest natural gas agreed on oct . 8 to acquire pge , the state ' s largest utility , for around $ 1 . 8 billion plus about $ 1 . 1 billion in assumed debt and preferred stock .
enron ' s stock plunged more than 80 percent on the new york stock exchange wednesday to around 76 cents . despite several trading halts , turnover surged to near 166 million shares , shattering the record for a single day trade in a stock on the new york stock exchange .
northwest natural was due to hold a conference call for investors at 1330 pst / 1630 est to discuss the filing with the oregon public utility commission .
shares in northwest natural were trading down 54 cents at $ 23 . 80 in late trading on the new york stock exchange .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron employees ' angry , stunned ' as merger dies
by erwin seba
of dow jones newswires
11 / 28 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones 713 - 547 - 9214 ; erwin . seba @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
mirant ' confident ' in light of enron situation
11 / 28 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones & company , inc . )
atlanta - ( dow jones ) - mirant corp . ( mir ) said it is " confident " the energy marketing sector is mature enough to function without enron corp . ( ene ) , and mirant estimated its pretax exposure to enron at $ 50 million to $ 60 million .
in a press release wednesday , mirant said it began limiting its exposure risk early in the enron crisis .
mrinat is already seeing new business opportunities develop because of enron ' s situation .
earlier wednesday , dynegy inc . ( dyn ) terminated its troubled merger agreement with enron , backing away from the deal despite frantic last - minute attempts by both sides to save it .
dynegy cited enron ' s breaches of representations , warranties , convenants and agreements , including the material adverse change provision .
the announcement came after standard dow jones newswires ; 201 - 938 - 5400
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron trade partners can liquidate positive portfolios
by jason leopold and mark golden
of dow jones newswires
11 / 28 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones & company , inc . )
los angeles - ( dow jones ) - energy companies said wednesday they have the right to liquidate their contracts with enron corp . ( ene ) , based on enron ' s bonds being downgraded to junk status wednesday morning by the major ratings companies .
companies such as bp plc ( bp ) , calpine corp . ( cpn ) , edison international ( eix ) , pg & e corp . ( pcg ) and sempra energy ( sre ) said they have the right to liquidate their positions with enron , but they haven ' t decided yet whether to do so . master agreements generally would force a choice between liquidating all or none of a counterparty ' s trades with enron .
" our contracts have a provision that gives us the right to begin the liquidation process if chapter 11 becomes imminent , " said a spokesman for bp . bp hadn ' t decided whether to take that step as of wednesday afternoon .
the decision rests more on whether liquidation is advantageous for particular energy companies , not on whether a liquidation event has occurred . not only did standard & poor ' s corp . and moody ' s investors service inc . deeply downgrade enron debt wednesday , but s 323 - 658 - 3874 ; jason . leopold @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
citigroup , jp morgan bonds weaken after enron downgrade
by richard a . bravo
of dow jones newswires
11 / 28 / 2001
dow jones capital markets report
( copyright ( c ) 2001 , dow jones & company , inc . )
new york - ( dow jones ) - j . p . morgan chase & co . ( jpm ) and citigroup inc . s ' ( c ) outstanding paper weakened marginally wednesday afternoon , after major ratings agencies lowered enron corp . ' s ( ene ) credit rating to junk and potential acquirer dynegy inc . ( dyn ) nixed a deal .
during afternoon trading , the spreads to treasurys on j . p . morgan and citigroup outstanding bonds were around 11 basis points wider . the bank sector in general was trading seven to eight basis points wider .
both citigroup and j . p . morgan chase invested a considerable amount of equity in enron to facilitate the company ' s proposed merger with dynegy .
shortly after the downgrades were announced , dynegy ended its merger agreement with enron .
j . p . morgan and citigroup committed $ 800 million to enron , around $ 270 million of which was unsecured lending , said richard strauss , bank analyst at goldman sachs group inc . , said .
standard & poor ' s was first out of the box - cutting enron ' s senior unsecured debt to single - b - minus from triple - b - minus , lowering the company to junk status , on concerns over the merger with dynegy . moody ' s cut enron ' s senior unsecured ratings to b 2 from baa 3 and fitch cut the rating to double - c from triple - b - minus - also speculative .
" there is concern in the market about sectors that have exposure [ to enron ] , whether they are pipelines or financials , " said brendan burke , corporate credit analyst at asb capital management . " anyone who has enron exposure is focused solely on that today . "
market analysts , however , question the extent that this will have on the banking sector .
" much of the exposure is secured and the capacity to absorb any potential losses is strong , " said michael destefano , senior banking analyst at s 201 938 - 2087 richard . bravo @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
point of view : enron mess is no long term capital mgmt
by gene colter
11 / 28 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones & company , inc . )
a dow jones newswires column
new york - ( dow jones ) - the unraveling of the planned merger between enron corp . ( ene ) and dynegy inc . ( dyn ) is going to hurt , no doubt .
but before discussions of " systemic risk " and other doomsday scenarios gain too much of a foothold , it ' s worth pointing out that the enron mess is no long term capital management .
the death of the enron - dynegy deal is probably tantamount to the demise of enron , too . and that eventuality , should it come to pass , is going to have repercussions beyond one or two energy - trading companies . so it ' s fair enough that this news pulled down stocks of all kinds wednesday .
yet the deal ' s demise and troubled enron ' s likely subsequent fate isn ' t a call on the broader value of stocks , whose fortunes remain tied to other fundamentals ( more on this later ) .
the bottom line : a major corporation with about $ 62 billion of assets seems destined to fail . in some ways enron could indeed end up being like the implosion of hedge fund long term capital management , since so much of enron ' s assets are involved in trading .
and it ' s for sure that the still relatively new industry of trading energy commodities like gas and oil - the so - called merchant energy business - is in shock and will have to regroup .
stepping back a bit from the energy business , some big - name banks and other firms may end up with some bad debts if enron ends up in bankruptcy , as most industry observers now expect .
individual investors , including mutual - fund holders unlucky enough to own some power - company shares , will also take a hit , as will some pension funds . all told , holders of enron stock have lost more than $ 60 billion this year , with the stock down more than 99 % .
but the enron - dynegy deal ' s undoing , while painful and headline - grabbing , is not about to endanger financial markets across the globe , and there is where the analogy to a failed hedge fund thankfully breaks down . even at the epicenter of the enron debacle , there ' s no systemic risk : other merchant energy traders are already saying they ' ll be able to adjust , and s & p said in a conference call wednesday afternoon that it didn ' t expect to downgrade firms similar to enron .
in fact , the biggest risks to stocks remain the same as they were yesterday or last week or last month . they ' re fundamentals unrelated to what ' s going on at enron , whose problems started with questionable off - balance sheet transactions .
key among those risks , ironically , is stocks ' recent good fortune , which has driven share prices back up to levels that are unsustainable if history is any guide . this is big concern for technology shares but a host of other sectors , too . here ' s proof from elsewhere in wednesday ' s news : gap shares may be trapped near their 52 - week low , but according to prudential securities , which lowered its rating on gap to sell , they ' re still trading at 93 times projected 2001 earnings .
another fundamental worry for stocks is the consumer economy , whose health is being hampered by the rising unemployment rate . u . s . payrolls , beefed up like never before during the 10 - year economic expansion , will be pared plenty more . fired people - or those who fear that fate - spend less and certainly pull back on equity investments .
a third fundamental that will continue to weigh on stocks is the uncertainty about when exactly corporate earnings will return to meaningful growth . while companies of many stripes have begun to talk about bottoming out , when exactly they ' ll start to see real revenue gains again isn ' t clear . but you can bet that fundamental no . 2 ( the consumer economy ) is a factor here , and until revenues and thus earnings start advancing again , fundamental no . 3 ( share price valuations ) are also at risk .
as for the enron debacle , bankruptcy might be the only way out . dynegy will probably have to cough up some money for breaking up the deal and cover some credit exposure to enron ( though it also stands to gain a natural gas pipeline owned by enron ) . chevrontexaco corp . ( cvx ) , which owns just over a quarter of dynegy and which also injected cash into enron , might have to kiss that money goodbye .
houston might also suffer , as it ' s the home of both enron and dynegy .
but the enron story is , despite all the headlines , a relatively contained one , and the challenges and risks for the rest of the stock market haven ' t changed .
- by gene colter , dow jones newswires 201 . 939 . 2068
e : mail : gene . colter @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
in the money : enron trades heavily off the nyse
by carol s . remond
11 / 28 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones & company , inc . )
a dow jones newswires column
new york - ( dow jones ) - numbers often speak volumes .
or in the case of enron corp . ( ene ) , they speak to the lack of it .
enron securities suffered from a massive meltdown wednesday as rescue efforts for the embattled energy trader fell apart . investors started to run for the exit after standard & poor ' s announced that it downgraded enron to a below investment or ` junk ' status . the move triggered about $ 3 . 9 million in debt that became due immediately and was a confirmation that a desperately needed merger with once rival dynegy inc . ( dyn ) was off the table .
but for investors jolted by the news , getting out of enron stock was easier said than done .
that ' s because the new york stock exchange , where enron is listed , halted trading of the company ' s stock some seven minutes after s 201 - 938 - 2074 ; dow jones newswires
carol . remond @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
stocks finish lower on merger collapse , weak fed report
by stacy forster
11 / 28 / 2001
dow jones business news
( copyright ( c ) 2001 , dow jones & company , inc . )
the wall street journal online
blue - chip stocks sank wednesday , after a key survey of regional conditions from the federal reserve revealed that many sectors of the u . s . economy continued to struggle .
investors also were rattled by news that dynegy had pulled out of merger talks with energy - trading giant enron .
in 4 p . m . trading in new york , the dow jones industrial average was down 160 . 74 points to 9711 . 86 , after flirting with a return to 10000 over the last two sessions . the industrials finished down 110 . 15 points , or 1 . 1 % , at 9872 . 60 tuesday .
meanwhile , the nasdaq composite index lost 48 to 1887 . 97 , after declining 5 . 26 points to 1935 . 97 tuesday .
other indexes also fell . the standard & poor ' s 500 - stock index dropped 20 . 98 to 1128 . 52 , the russell 2000 index declined 7 . 01 to 453 . 70 , and the new york stock exchange composite index lost 9 . 33 at 575 . 25 .
investors were caught off guard wednesday after standard & poor ' s ratings group downgraded enron ' s debt to junk status , a move that was immediately followed by word that prospective suitor dynegy had called off its agreement to merge with the struggling energy company . the downgrade triggered financial covenants and raised the possibility that enron will be forced to file for protection under chapter 11 of the federal bankruptcy code .
shares of enron tumbled $ 3 . 50 , or 85 % , to 61 cents in composite trading at 4 p . m . est . on the new york stock exchange alone , 181 . 9 million enron shares traded hands , setting a big board volume record . dynegy lost $ 4 . 92 , or 12 % , to end at $ 35 . 97 .
the news hit shares of other energy - trading companies , including el paso corp . , which skidded $ 3 . 59 , or 7 . 4 % , to $ 44 . 91 , and williams cos . , lost $ 1 . 80 , or 6 . 2 % , to 27 . 05 % .
meanwhile , the fed ' s so - called beige book survey of regional economic conditions indicated the economy remained soft in october and november . the report showed " signs of further slowing outweighed signs of recovery " in early november , indicated that production declined at american factories , and said that airlines and hotels struggled with a sharp drop - off in travel .
the fed also found " evidence of additional slowing in most regions " which outweighed the faint signs of recovery reported by a few fed districts . the report rekindled speculation that the fed will reduce interest rates again in an effort to stimulate the economy .
investors already had been in the mood to take some money off the table , a trend that started tuesday after the conference board issued a disappointing report on consumer confidence , and federal reserve gov . laurence meyer said it is likely that u . s . economic output is continuing to shrink .
indeed , market analysts said the fed survey wasn ' t a surprise , and instead are trying to anticipate when the news will get better . alfred goldman , chief market strategist at a . g . edwards the european union commission expects the companies to request approval for the merger " soon . " shares of compaq fell 46 cents , or 4 . 8 % , to $ 9 . 06 .
shares of handset phone makers slid after nokia said global sales of mobile phones across the industry will only grow 10 % to 15 % in 2002 after falling this year , weakening hopes of a recovery for the industry . abn amro trimmed its views on motorola following the forecast . shares of nokia fell $ 1 . 62 , or 6 . 8 % , to $ 22 . 10 , while motorola lost 50 cents , or 2 . 9 % , to $ 17 . 01 .
in major u . s . market action :
stocks slid . on the big board , where 1 . 4 billion shares traded , 2 , 074 stocks fell and 1 , 073 rose . on the nasdaq , 1 . 88 billion shares traded hands .
bonds were mixed . the 10 - year treasury note lost 1 / 32 ; its yield , which moves inversely to its price , fell to 4 . 929 % . the 30 - year bond lost nearly 1 / 2 to yield 5 . 356 % .
the dollar fell . the dollar declined against the euro to 88 . 81 cents , down from 88 . 64 cents , and weakened against the yen , falling to 123 . 07 yen , from 123 . 96 yen late tuesday in new york .
write to stacy forster at stacy . forster @ wsj . com
copyright ( c ) 2001 dow jones & company , inc .
all rights reserved .
copyright ? 2000 dow jones converge with nymex
11 / 28 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones & company , inc . )
houston ( dow jones ) ) - - u . s . natural gas physical prices rose wednesday , pushing toward convergence with the new york mercantile exchange , traders said .
the amount of gas in storage will keep a lid on both futures and cash prices , said one trader .
" if you ' ve got plenty of gas in the ground , there ' s no reason to buy futures , " he said .
with a mix of short - term cold plus no weather demand for december , traders saw a dramatic shift of gas " and a very fine line between the severe cold seen in the midcontinent and texas and the above - normal temperatures in the eastern corridor , " a gulf coast trader said .
" you knew at some point in time they would converge , " he said .
the fate of enron corp . , a major market maker , also mixed into the equation on wednesday , traders said . enron closed down its enron on line internet service at midmorning when standard john . edmiston @ dowjones . com
copyright ? 2000 dow jones afterward , enron plunged anew , hitting 65 cents , down $ 3 . 46 .
ali
s & p helped deliver the knockout punch wendesday morning by cutting enron ' s long - term corporate credit rating a staggering six notches to b - minus from triple - b - minus . rival ratings agencies moody ' s and fitch later followed suit , cutting enron bonds to junk .
the new junk ratings immediately triggered enron ' s obligation to repay some $ 3 . 3 billion in outstanding debt . with the company facing a severe liquidity squeeze and its enrononline unit pointedly offline , traders were nearly unanimous in their assessment that the houston energy trader won ' t be able to meet its obligations .
for its part , s & p noted in its report that there appears to be a " distinct possibility " enron will file for chapter 11 bankruptcy protection absent a merger .
enron said nothing about those obligations , or the prospect of a chapter 11 filing , in a wednesday afternoon press release . the company said it is " exploring options " to " protect our core energy business , " but offered no specifics .
liston
investors clearly expect enron ' s imminent collapse to hurt dynegy and other players , including the banks that were trying to prop the deal up .
j . p . morgan chase and citigroup , which lent large sums to enron and took an instrumental role in arranging and trying to salvage the failed merger , skidded wednesday amid fears that energy market dislocation could dent the banks ' profits . morgan was off 6 % and citi 5 % .
the banks ' total exposure to enron is hard to gauge . they recently arranged a two - stage $ 1 billion credit to enron that is secured by the northern natural gas pipeline and the transwestern pipeline company . in october , enron drew down $ 3 billion of credit lines to pay off $ 1 . 9 billion of short term debt . it didn ' t say at the time who the banks behind this credit were . then there ' s the $ 690 million obligation to partnership that was meant to come due tuesday , but was pushed back to mid - december . banks may have had some exposure to that , since enron last week said that its " lead bank " had informed it of the obligation ' s extension .
enron had $ 14 . 3 billion of debt in mid - november , according to a quarterly sec filing . just over $ 9 billion of that was scheduled to come due by the end of 2002 , according to the filing .
leon spinks
meanwhile , despite its efforts to distance itself from the carnage , dynegy saw its shares drop 12 % as investors began to wonder just what the energy trader may have gotten itself into in its enron dealings . many investors were astonished to see dynegy rushing into an acquisition of a distressed company with murky accounts and , quite possibly , a raft of hidden debt obligations . the riskiness of that strategy suggested that dynegy was desperate to see enron stay afloat .
it ' s almost impossible to tell at this stage how much damage an enron collapse will do to dynegy ' s business . enron may have been a counterparty on trades that dynegy is now unhedged on , and dynegy may have to back out accrued profits booked on enron trades . without elaborating , dynegy said in a wednesday press release that it has stopped trading with enron and that its exposure to enron is $ 75 million .
in addition , enron ' s allegedly aggressive accounting may have contaminated the entire energy market , especially longer - dated trades . with enron no longer in the game , and auditors likely more vigilant , traders such as dynegy may not be able to book the sort of upfront gains they used to .
one consolation is that dynegy ' s $ 1 . 5 billion cash infusion , made possible with backing from chevron , was secured by enron ' s northern natural gas pipeline . dynegy moved to take ownership of that pipeline wednesday by " exercising its option to purchase all the membership interests in the entity which indirectly owns all of the common stock of nng . " enron said wednesday afternoon that it was " reviewing " that claim in an apparent effort to keep dynegy from taking ownership .
but even if dynegy does take control of the pipeline , the credibility of top dynegy managers , such as ceo chuck watson , will have been hit hard . if it turns out that dynegy does suffer badly from an enron crash , investors will complain that they should ' ve been told about the vulnerability much earlier . and if dynegy was too tied in to enron ' s fortunes , serious questions about watson & co . ' s risk management skills will be raised .
kenny norton
the ratings agency downgrades are doubly damaging for enron because rating agencies played a critical role in efforts to shore up the houston company . some observers , noting the steep discount on enron bond prices , had criticized the agencies ' reluctance to downgrade enron debt . but s & p and moody ' s said they wanted to see if the dynegy offer would revive enron . of course , as enron ' s core operations continued to sputter even after the deal was agreed to , the rating agencies ' position looked increasingly untenable .
inevitably , if the deal doesn ' t go through and enron implodes , some people will blame s & p for enron ' s demise . s & p analyst todd shipman replies : " we have always promised people that we wouldn ' t overreact , and i don ' t think we have overreacted . "
he adds that the turning point came when the rating agency stopped believing dynegy and others could revise the deal terms and find cash in time to stop the deterioration in enron ' s business . also , he doubted whether those working to salvage the merger would come up with the sort of provisions needed to keep enron viable .
dynegy abandons enron deal
shares of energy trader plunge , bankruptcy looms
cbsmarketwatch . com
lisa sanders
11 / 28 / 01
enron shares ( ene ) closed at 61 cents , down $ 3 . 50 , having lost as much as 85 percent of their value on the day and having collapsed from a 52 - week high of almost $ 85 just 11 months ago . the company lost around $ 2 . 6 billion worth of market capitalization from tuesday to wednesday .
close to 342 million enron shares had changed hands wednesday by the close , and the stock broke the all - time volume record of 309 million shares set by intel on sept . 22 , 2000 . dynegy ( dyn ) shares lost $ 4 . 92 , or 12 percent , to $ 35 . 97 .
saying in a conference call that it had to " protect " its shareholders , dynegy announced it had terminated its agreement with enron , citing " enron ' s breaches of representations , warranties , covenants and agreements in the merger agreement , including the material adverse change provision . "
company - specific problems ?
dynegy chairman and chief executive chuck watson said : " some of the best deals are the ones that don ' t get done . "
" while it is regrettable to see a leading industry player in difficulties , this does not reflect a failure of the energy merchant business , " he said .
dynegy president and chief operating officer steve bergstrom said that energy traders have had weeks to prepare for enron ' s diminished role in the business and that the industry has suffered " no degradation , " as he put it .
" there has been a clear flight to quality , and it ' s occurring as we speak , " bergstrom said . " dynegydirect is a highly scalable platform . "
dynegydirect is a platform much like enron ' s flagship enrononline , which it turned off wednesday and which just a month ago was the largest online energy - trading platform , accounting for an average of $ 3 billion in trades a day .
dynegy ' s trading exposure to enron is $ 75 million , and the company is no longer trading with its embattled former merger partner and fellow houston industrial giant , bergstrom said .
" dynegy ' s customer - based , asset - backed energy delivery network has been the driver of our 45 percent compounded annual growth rate for the past 16 years and will continue to provide us with earnings sustainability and future growth . " watson said .
as part of the deal , dynegy had the option to keep northern natural gas , enron ' s highly valued natural - gas pipeline , even if the agreement were terminated . the company said during the call that it would exercise that option .
chevrontexaco ( cvx ) , which owns a 27 percent stake in dynegy , originally gave $ 1 . 5 billion to the company in the transaction . dynegy used the money to purchase 100 percent of the preferred shares of northern natural gas .
enron has 180 days from the date the merger agreement was signed , nov . 9 , to repurchase the pipeline system , watson said . enron said in a statement that it was reviewing dynegy ' s claim of rights to northern .
enron representatives did not participate in the call , and dynegy executives said they had been advised against the customary practice of taking questions .
enron said it has temporarily suspended payments " other than those necessary to maintain " its core energy businesses and added that it is exploring options to keep those operations alive . " to do this , we will work to retain the employees necessary to the continuing operations of our trading and other core energy businesses , " said enron chairman and ceo ken lay .
enron told employees their questions would be answered in due course and they would receive their paychecks on friday .
analysts said the next step for enron would likely be a bankruptcy filing .
" chapter 11 is not the worst of all worlds by any means , " said john olson , a houston - based energy analyst . " the key to salvaging the business is the level of debtor - in - possession financing they can get to allow them to trade in some realistic fashion . "
dip financing takes precedence over all other claims , he said .
" the equity people are now at the very bottom of the barrel , and the only people lower than them are [ the people who filed ] the stockholder suits , " olson said .
in a note to clients , analyst michael heim of a . g . edwards said that enron , without dynegy , has " no value . "
" enron . . . will most likely be declared bankrupt shortly , " heim said . " unlike other bankruptcies in which a stock continues to trade at a low price , there are no hard assets to salvage . "
ahead of this news , s & p cut enron ' s rating to b - minus , or junk status , from bbb - minus , which is the lowest investment - grade rating . the rating agency said that the move reflects " concerns about the viability of the merger agreement with dynegy and liquidity implications of the possible failure of that transaction . the ratings are placed on creditwatch with developing implications . "
moody ' s made its announcement of a rating cut to b 2 from baa 3 and said that enron ' s debt remains under review for additional downgrade .
in its report , moody ' s cited the likelihood of a dynegy - enron breakup , fueled by enron ' s declining financial performance , as the reason for the downgrade .
" moody ' s . . . baa 3 rating was predicated on good prospects for completion of the merger with dynegy and reasonable prospects for marginally investment - grade characteristics of the merged entity , " moody ' s wrote . " furthermore , lack of confidence in enron by its trading counterparties appears to be adversely affecting enron ' s core trading operations . "
for enron to survive , the credit agency said , it ' s imperative that the volumes from the trading business remain profitable .
fitch , which had rated enron bbb - minus , lowered the rating to cc , which " indicates that default of some kind appears probable . "
the u . s . treasury is keeping an eye on the impact the enron fallout is having on the credit markets , spokeswoman michele davis said wednesday .
" we are monitoring credit markets as we do every day , " davis said . " markets always fluctuate and we haven ' t seen anything extraordinary . " treasury said that outside its surveillance of credit markets , it would refer any inquiries on energy trading to the federal energy regulatory commission or the commodity futures trading commission .
earlier in the day
dynegy , which had originally offered to buy enron for $ 9 billion in stock , confirmed tuesday that the two companies were discussing a new deal structure , and it said ahead of the credit - ratings and eventual termination news wednesday that discussions were continuing .
" i ' m not aware of any changes in any status of the merger , " dynegy spokesman john sousa said before the s & p announcement . the merger agreement contained a material adverse - affect clause that , if triggered , allowed dynegy to walk away from the deal .
the decline in enron ' s stock price and information contained in the company ' s 10 - q filing of nov . 19 could had activated the clause , but olson said the s & p downgrade clearly fit the description of a material adverse affect .
also wednesday , ubs warburg and rbc capital cut their ratings on enron , to " hold " from " strong buy " and from " strong buy " to " buy - speculative , " respectively .
lisa sanders is a dallas - based reporter for cbs . marketwatch . com .
citi , morgan sink on enron exposure
cbsmarketwatch . com
11 / 28 / 01
greg morcroft
new york ( cbs . mw ) - - j . p . morgan and citigroup shares fell wednesday as investors fretted about the banks ' exposure to troubled energy trader enron .
enron shares collapsed after dynegy abandoned plans to buy the largest u . s . energy trader and standard & poor ' s cut its rating on the company to junk bond status .
j . p . morgan chase ( jpm ) fell $ 2 . 30 , or 5 . 8 percent , to $ 37 . 50 . fellow bank stock citigroup was the second biggest dow loser , dropping $ 2 . 75 , or 5 . 8 percent , to $ 47 . 80 .
both firms have served as lenders and advisers to the embattled enron , which today saw its debt rating cut to junk status and its would - be acquirer dynegy walk away from the deal .
early afternoon calls to citigroup were not returned , and a j . p . morgan spokesman declined to comment on reports of the bank ' s exposure to the situation .
the wall street journal reported that both banks were attempting to finance dynegy ' s proposed purchase of enron , and had each committed roughly $ 700 million to $ 800 million in the form of various loans , about half of which were unsecured .
the report noted the banks had also committed an additional $ 250 million in equity investments .
enron deal falls apart
enron ( ene ) shares ended the day at 61 cents , having lost as much 85 percent of their value . dynegy ( dyn ) shares closed down 12 percent at $ 35 . 97 .
in a report wednesday , rating agency s & p cut enron ' s rating to b - minus , or junk status , from bbb - minus , which is the lowest investment - grade rating .
the rating agency said that the move reflects " concerns about the viability of the merger agreement with dynegy and liquidity implications of the possible failure of that transaction . the ratings are placed on creditwatch with developing implications . "
shares could be worthless
analyst michael heim at a . g . edwards said the downgrade of enron ' s debt by standard & poor ' s " kills any chance of a deal " with dynegy .
he believes dynegy will have no problems using the debt downgrade to walk away from the deal without paying a break - up fee .
" without a deal , enron has no value , in our opinion , and will most likely be declared bankrupt shortly , " heim explained in a note to clients .
" unlike other bankruptcies in which a stock continues to trade at a low price , there are no hard assets to salvage . "
he added the s & p downgrade will force enron to accelerate a debt payment of $ 3 . 9 billion , making it virtually impossible for enron trades to interact with most counterparties .
u . s . bancorp piper jaffray estimated that enron represents about $ 500 million exposure to citigroup and $ 300 million to j . p . morgan chase .
" n our judgment , these credit facilities are well - collateralized , " the firm said in a note , anticipating that non - performing assets would increase by $ 440 million at citi in the fourth quarter and $ 300 million at j . p . morgan , reflecting an enron bankruptcy .
greg morcroft is new york news editor of cbs . marketwatch . com .
at enron , best lay plans go awry commentary : from cabinet prospect to bankruptcy
cbsmarketwatch . com
11 / 28 / 01
by david callaway
san francisco ( cbs . mw ) - - for ken lay , the collapse of enron corp . goes beyond one of the largest and swiftest corporate meltdowns in u . s . history .
it represents the destruction of a lifetime of work that until only three months ago had the texas business leader and political rainmaker perched at the top of the corporate world , the most powerful energy mogul in history and an advisor to the president of the united states .
it was less than a year ago that the 59 - year - old lay was being touted as incoming president bush ' s top choice to be treasury secretary , or at the very least , energy secretary .
he ranked no . 36 on a list of the 50 best ceos last year published by worth magazine , after having put together a 240 percent return on shareholder value in enron ( ene ) stock over the last three years . enron ' s market value rose from $ 2 billion in 1985 , when lay created the company through a merger of two texas natural gas firms , to more than $ 80 billion earlier this year .
but all of that power and prestige came crashing down over the last few months , culminating wednesday in a complete collapse of enron ' s shares in reaction to news that rival dynegy ( dyn ) would not step in to rescue the failing company . when the dust settled , enron ' s shares stood at 61 cents each , its total market value at $ 454 million . see full story .
lay and enron now face an almost certain chapter 11 filing , which would be the biggest in u . s . history , and a slew of lawsuits as well as a federal investigation into how they built a tangled web of derivative trades and energy businesses into the empire that it was .
a power broker unplugged
now lay , a behind - the - scenes string puller in the corridors of power for more than a decade , will find out just how loyal his friends are , starting with bush . lay is a close friend of the bush family and has been one of the largest contributors to the president ' s political campaigns for president and texas governor .
enron has pumped more than half a million bucks into bush ' s coffers over the years , including $ 100 , 000 for last year ' s presidential campaign , which was matched by lay and his wife . lay hired former cabinet members james baker and robert mosbacher after they left their positions with the cabinet of bush ' s father , george bush , in the early 1990 s .
and with his political largesse came the benefits . lay had vice president cheney ' s ear earlier this year when cheney was presiding over the establishment of bush ' s energy policy , a process cloaked in secrecy that even today cheney refuses to shed light on .
in may , he found himself in hot water after the new york times reported that lay called curtis hebert , then chairman of the federal energy regulatory commission , and offered his support if hebert would change his views on electricity deregulation and embrace bush ' s push for retail energy competition .
hebert said he refused , and had the impression his job was in jeopardy . lay later denied that he had threatened hebert ' s job security . whatever the case , hebert was later replaced as chairman of the agency by patrick wood , chairman of the texas public utility commission .
lay was more successful in his adopted hometown of houston , where he was able to convince gov . bush to deregulate the state ' s electrical markets in 1999 and where , earlier this year , the houston astros began playing in their new stadium , enron field .
that lay is a remarkable executive and power broker is without question . he took a rinky - dink natural gas company and in just over 16 years turned into the mightiest energy empire in american history , virtually inventing a new energy market , which enron itself controlled . bill gates would have been proud of the monopoly .
but the speed with which the empire collapsed and the shambles that is left suggest that , at best , enron was not much more than an elaborate hedge fund that bet too much on itself .
and now ken lay , rainmaker , has fallen back to earth .
david callaway is executive editor of cbs . marketwatch . com | 0 | ham | enron mentions | usa : some fault rating agencies on enron debacle .
reuters english news service , 11 / 28 / 01
usa : update 1 - enron names two to new litigation committee .
reuters english news service , 11 / 28 / 01
usa : enron hires blackstone for corporate advice - source .
reuters english news service , 11 / 28 / 01
usa : metals traders lament loss of enrononline liquidity .
reuters english news service , 11 / 28 / 01
usa : u . s . stocks fall as enron woes ripple through market .
reuters english news service , 11 / 28 / 01
usa : enron falls victim to the deregulation it preached .
reuters english news service , 11 / 28 / 01
usa : northwest natural files to acquire enron utility .
reuters english news service , 11 / 28 / 01
enron employees ' angry , stunned ' as merger dies
dow jones energy service , 11 / 28 / 01
mirant ' confident ' in light of enron situation
dow jones news service , 11 / 28 / 01
enron trade partners can liquidate positive portfolios
dow jones energy service , 11 / 28 / 01
citigroup , jp morgan bonds weaken after enron downgrade
dow jones capital markets report , 11 / 28 / 01
point of view : enron mess is no long term capital mgmt
dow jones news service , 11 / 28 / 01
in the money : enron trades heavily off the nyse
dow jones news service , 11 / 28 / 01
stocks finish lower on merger collapse , weak fed report
dow jones business news , 11 / 28 / 01
u . s . physical gas prices end up ; converge with nymex
dow jones energy service , 11 / 28 / 01
dynegy pulls the plug on enron
thestreet . com , 11 / 28 / 01
dynegy abandons enron deal
cbsmarketwatch . com , 11 / 28 / 01
citi , morgan sink on enron exposure
cbsmarketwatch . com , 11 / 28 / 01
at enron , best lay plans go awry commentary : from cabinet prospect to bankruptcy
cbsmarketwatch . com , 11 / 28 / 01
usa : some fault rating agencies on enron debacle .
by jonathan stempel
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 28 ( reuters ) - now that enron corp . ' s credit and debt ratings have fallen to junk status , crippling what once was the largest u . s . energy trader , observers are pointing fingers , and wondering what took the top three u . s . credit rating agencies so long to act .
" the rating agencies are at fault here for waiting so long and thinking they could hold the deal together , " said tom burnett , a director of merger insight , a research and analysis firm . " that ' s not their job . there ' s not one new piece of information available today that wasn ' t available last week . "
the agencies - standard & poor ' s , moody ' s investors service and fitch - denied being influenced to keep enron ' s once investment - grade ratings , or they declined to discuss the issue .
observers , though , said investment banks arranging enron ' s now - dissolved merger with once - smaller rival dynegy inc . - citigroup inc . and j . p . morgan chase & co . - had been fighting to preserve those ratings . they now stand to lose millions of dollars of advisory fees with the merger ' s collapse .
" s & p and moody ' s have stated that they ' re not going to be the cause of problems for a company , and in my opinion waited until dynegy decided not to proceed with the merger , " said sean egan , managing director at egan - jones ratings co . in philadelphia . egan - jones on wednesday cut its own debt rating for enron to " c , " one notch above default .
anger grows
prices on enron ' s distressed bonds had been in a tailspin for several sessions , and after wednesday ' s cuts they fell by more than half . traders bid them on wednesday near 25 cents on the dollar , with often triple - digit yields .
" i do get the feeling there is a lot of anger and feeling that something should have occurred before " wednesday , said mary ann hurley , vice president of fixed - income trading at d . a . davidson in seattle . " there was talk in the markets that the absence of official statements from dynegy and enron ( on ) tuesday should have been taken by the rating agencies as a clue that the merger was about to fall apart . "
that happened on wednesday .
within about a two - hour period , the rating agencies cut their senior unsecured debt ratings for enron - to " b - minus " by s & p , to " b 2 " by moody ' s , and to " cc " by fitch .
almost simultaneous with the fitch downgrade , dynegy announced it had backed out of the $ 9 billion merger .
the three big rating agencies are paid by companies to assess their ability to repay debt . many companies need these ratings to raise money from investors . sometimes , though , the agencies face criticism for being too slow to act , or being susceptible to outside pressure .
indeed , in january they were criticized for waiting for actual defaults before downgrading california utilities pacific gas & electric co . and southern california edison to junk status .
role of agencies
with regard to the proposed enron - dynegy merger , on nov . 8 , a day before the merger was announced , top citigroup and j . p . morgan officials met with moody ' s , a person familiar with the meeting said . a day later , moody ' s cut enron ' s rating , but not to junk .
john diaz , a moody ' s managing director , denied facing new pressures this week . " in any rating activity , we ' re discussing developments with the companies , so we ' ve been in touch with the companies as we normally would do , " he said . " we have not had contact with the banks . "
ron barone , an s & p director , denied getting pressure from banks this week to hold off on a rating downgrade .
" none whatsoever , " he said in a conference call . " no substance at all . we have not been in contact with the banks . "
meanwhile , glen grabelsky , a senior director in fitch ' s policy group , said " our conversations with the issuers and the agents are confidential . "
diaz and grabelsky said their respective agencies did not decide until wednesday morning to downgrade enron .
" there wasn ' t one specific event to trigger the downgrade , " said diaz . " in the last couple of days our concerns were heightened given the rate of erosion of the ( enron ) franchise , and the declining probability the merger would be consummated as originally expected . "
grabelsky said : " when we lost confidence in the transaction , that ' s when we started preparing to notify the markets . "
d . a . davidson ' s hurley said the delays could be understandable .
" given that the merger or buyout by dynegy wasn ' t officially called off " until wednesday , she said , " it would have been really hard for the rating agencies to move ( enron ) to junk status when there was a buyout that was pending . "
( additional reporting by lynn adler and tom johnson in new york , and c . bryson hull in houston . ) .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : update 1 - enron names two to new litigation committee .
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
houston , nov 28 ( reuters ) - enron corp . on wednesday named two outsiders to a new litigation committee that will evaluate claims in shareholder lawsuits as the troubled energy trader totters at the edge of one of the biggest corporate collapses in u . s . history .
analysts said one would have to go to the days before the securities and exchange commission was formed in the 1930 s to find a corporate unraveling of the magnitude that enron currently faces .
the drop in the value of enron ' s stock - to 60 cents a share at one point wednesday from an all - time high $ 90 . 56 15 months ago - has attracted a flood of suits alleging the misleading of investors to inflate the stock price to the benefit of corporate executives .
enron said raymond troubh , a new york - based financial consultant who has been a non - executive director of more than 25 public companies , was elected a director to chair the special litigation committee .
william powers jr . , dean of the university of texas school of law , who joined enron ' s board in october , also will serve on the litigation committee , the company said in a statement .
lawsuits have been filed against enron and top management after a series of surprise disclosures , including the admission the company erred on its financial statements .
earlier wednesday , dynegy inc . terminated its merger agreement with enron , causing enron shares to close down $ 3 . 53 , or 85 . 27 percent , at 61 cents .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron hires blackstone for corporate advice - source .
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 28 ( reuters ) - enron corp . , the troubled energy trading firm , hired new york - based investment bank blackstone group for advice on corporate matters , according to a person familiar with the situation .
enron , which is threatened with collapse after rival dynegy inc . on wednesday scuttled a proposed $ 9 billion purchase of the company , hired blackstone late last week , the source said .
enron could not be immediately reached for comment . blackstone declined to comment .
blackstone , which has advised troubled companies including xerox corp . , chiquita brands international inc . and globalstar telecommunications inc . , provides advice on reorganization and debt restructuring , as well as mergers and acquisition services .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : metals traders lament loss of enrononline liquidity .
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 28 ( reuters ) - u . s . metals dealers lamented the loss of a leading online trading platform after crippled enron corp shut down its enrononline system wednesday , but they said it might present an opportunity to grab market share in base metals brokerage business .
things quickly unraveled for the once giant commodities trader wednesday when cross - town rival energy trader dynegy inc . pulled out of a deal to buy it , saying conditions had changed since the takeover was agreed on almost three weeks ago .
unless enrononline comes back on - line , dealers who used the internet - based system will have to swiftly migrate their business to other brokerages , market sources said .
" you ' re hoping you are going to be able to do the business ( done formerly on enrononline ) . that was a usable platform and it was easy to trade at any time - it was an around - the - clock system . that is going to dry up , " a new york broker said .
houston - based enron said it indefinitely suspended future operation of enrononline on wednesday . u . s . and european traders said it closed down shortly after standard & poor ' s cut the financially troubled houston - based company ' s credit rating to " junk " status .
now , base metal markets could be poised to lose , at least temporarily , a degree of liquidity during off - hours , after the new york mercantile exchange and london metal exchange close in the afternoon .
" people are going to make adjustments , go back to the way it was before enrononline , and either there is going to be some other kind of quoting ability or the markets are going to be quiet after the exchange hours , " the broker told reuters .
the question remains whether any of enron ' s competitors would step up to fill the void .
a spokesperson at energy and precious metals platform , which offers physical and cash - settled trading in gold , silver , energy and power products , said ice would accommodate customers if they demanded trading in base metals products .
" if after - hours trading in ( base ) metals is something that their customers want to see on the ice system , then they ' ll look into seeing how they can implement it , " the spokesperson for atlanta - based ice said .
" their market participants pretty much dictate what is on the system , and that is how it works with metals as well , " she said .
one of ice ' s partners , mirant , said on wednesday that ice trading volume had increased 30 percent last month as players flocked to ice as an alternative to enrononline .
a midwestern base metals trader said markets would feel strong ripple effects from enron ' s problems , although players seemed immediately puzzled at how to react .
" it should really affect futures markets , and that could mean business for their ( enron ' s ) competitors , " said the trader .
an enron metals trader in new york on wednesday declined to comment when asked about the outlook of the company ' s trading .
enron metals acquired mg plc in 2002 , taking over its positions on the lme and its sizable physical metal book .
enrononline until recently accounted for about 60 percent of the daily trade volume handled by enron .
" nobody wishes for this to happen because enron have good people and they did business in a professional way - that ' s my opinion , " said the midwestern trader .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : u . s . stocks fall as enron woes ripple through market .
by denise duclaux
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 28 ( reuters ) - stocks sank on wednesday as energy trader enron corp . teetered on the brink of one of the biggest corporate implosions in u . s . history and added more fuel to the debate swirling around the market ' s powerful run - up .
" the market has come awfully far , awfully fast , " said jon brorson , director of equities for northern trust , which manages more than $ 300 billion . " enron is weighing on it , too . i think people are a little squeamish as to the reverberations , and it ' s a great excuse to take some profits . "
enron plunged more than 85 percent in frenzied trading after rival dynegy inc . pulled out of its planned $ 9 billion takeover of the beleaguered energy trader . credit rating agencies slashed enron ' s bonds to junk status and shoved the once mighty company another step closer to bankruptcy .
enron squeezed other energy traders and financial giants citigroup inc . and jp morgan chase & co . inc . , which may suffer losses of more than $ 400 million combined on their lending to the energy trading group , according to at least one analyst .
gold stocks rose as skittish investors sought out safe havens .
the blue - chip dow jones industrial average surrendered 160 . 74 points , or 1 . 63 percent , to 9 , 711 . 86 , the largest drop in about a month and the lowest close since nov . 12 . the broader standard & poor ' s 500 index slid 20 . 98 points , or 1 . 83 percent , to 1 , 128 . 52 . the technology - laced nasdaq composite index dropped 48 points , or 2 . 48 percent , to 1 , 887 . 97 .
enron dragged on the market as questions swirled around a strong rally that has lifted stocks well off the sept . 21 lows reached in the aftermath of the attacks on the united states . investors , still expecting an economic recovery in 2002 , pocketed profits on worries that share prices are getting too far ahead of prospects for corporate earnings .
" the market felt it was getting a little too optimistic a little too quickly and there ' s recognition of the many , many risks in this environment , " said milton ezrati , a senior strategist at lord abbett & co . , which oversees $ 40 billion .
losers outpaced winners by a ratio of 2 to 1 on the new york stock exchange and nasdaq . more than 1 . 4 billion shares traded on the big board and more than 1 . 8 billion on the nasdaq .
economic conditions were still sluggish in late october and early november in the wake of the sept . 11 attacks , according to a federal reserve " beige book " report - an anecdotal snapshot of the economy based on reports from the fed ' s 12 regional banks . the fed added the slowdown deepened in most regions , outweighing signs of recovery in a few areas .
enron plunged $ 3 . 53 to 61 cents after snagging a year high of almost $ 85 late last year . the stock ' s trading volume soared to more than 181 million shares during the regular session , setting a new record for any stock for a single day on the new york stock exchange .
negative disclosures about its finances have strangled the once - proud energy giant , which was forced to lower its reported earnings by $ 600 million over the past four years as a result of questionable off - balance - sheet transactions .
enron " entrapped the sophisticates , " said robert stovall , senior strategist at prudential securities , referring to what was once an almost fawning admiration for enron by institutional investors . " i think this is going to become a classic case . "
dynegy , off $ 4 . 92 at $ 35 . 97 , pulled out of its deal to rescue enron , saying conditions had changed since the takeover was agreed on almost three weeks ago . dynegy had planned to buy its rival for about $ 9 billion in stock , but the collapse of enron ' s stock led dynegy to invoke escape clauses allowing it to get out of the deal .
j . p . morgan , down $ 2 . 30 at $ 37 . 50 , and citigroup , down $ 2 . 75 at $ 47 . 80 , pulled the dow down as investors worried over their exposure to enron , which could be facing bankruptcy . the two investment banks accounted for more than one - fifth of the blue - chip dow ' s losses .
the standard & poor ' s natural gas index sank 9 . 36 percent , reflecting the losses by enron and dynegy and other sectoral issues such as el paso corp . , down $ 3 . 59 to $ 44 . 91 , and kinder morgan inc . , off $ 1 . 03 to $ 47 . 60 .
the philadelphia stock exchange semiconductor index tumbled 4 . 70 percent . chip leader intel corp . lost 55 cents to $ 31 . 76 . semiconductor shares have surged in the past two months as investors hoped they would be the first to benefit from an economic recovery .
major u . s . airlines sank as the sector pulled back from recent gains fueled by a slump in oil prices . the s & p airline index surrendered 2 . 76 percent .
continental airlines inc . fell $ 2 . 40 to $ 21 . 70 after an announcement of a public share offering that will add 12 percent more stock . us airways group inc . fell $ 1 . 58 to $ 6 . 42 after the unexpected resignation of its chief executive on tuesday .
nexell therapeutics inc . surged more than 220 percent , or $ 1 . 65 to $ 2 . 40 . the drug developer said its experimental drug for a rare blood ailment has been granted " orphan " drug status by u . s . regulators . a drug company receives seven years of u . s . marketing exclusivity if an orphan drug is approved for sale by the food and drug administration .
sri / surgical express inc . tanked 41 percent , or $ 10 . 35 , to $ 14 . 63 . the medical supplies company said it restated quarterly results , cutting reported earnings below wall street estimates . it also said it lost customers and failed to expand business as it had anticipated .
flextronics international ltd . added 80 cents to $ 26 . 35 after the contract manufacturer said business was " good " and it was comfortable with quarterly estimates .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron falls victim to the deregulation it preached .
by vibeke laroi
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
san francisco , nov 28 ( reuters ) - enron corp . , once the champion of energy deregulation , has fallen victim to the very volatility that often accompanies the transition from an orderly , regulated marketplace to one that follows the harsh laws of supply and demand .
enron , until recently the nation ' s largest energy trader , stood at the brink of one of the biggest corporate collapses in u . s . history on wednesday as its rescue by rival dynegy inc . fell apart .
" enron is in some ways the victim of its own success , " said gerald keenan , lead energy strategy partner at pwc consulting , part of . " all this wouldn ' t have occured if the market wasn ' t deregulated . "
enron was one of the earliest and most aggressive advocates of power deregulation , which breaks down traditional utility monopolies by letting customers choose their electricity provider , banking on competition to drive down prices .
its aggressive strategies gave enron 20 percent of the north american electricity and natural gas market , and enron was ranked no . 7 on fortune magazine ' s list of the biggest u . s . companies .
the downfall
but in recent weeks , enron ' s credit and debt spiralled out of control as a series of partnerships designed to hide debt off of its balance sheet caused its investors to lose faith .
the partnerships , which included top enron executives , are the subject of a u . s . securities and exchange investigation .
in a fluid , competitive marketplace , punishment comes quickly . enron ' s share price closed at 61 cents on wednesday , down $ 3 . 53 , or 85 percent , from a peak of over $ 90 in august 2000 , after the top three u . s . rating agenices downgraded enron to junk status .
" there are winners and losers in deregulated markets and people who champion them are not necessarily those who will be around in the end , " keenan said .
as more business and mounting profits fell into enron ' s hands , the company took on a air of invicibility .
despised by some market players , many of its trading partners nevertheless were willing to go out on a limb because of enron ' s good reputation , smart traders , and high - flying share price .
enron ' s core business of trading electricity and natural gas relies highly on creditworthiness , and much of its trading was backed by a corporate guarantee , a kind of standby iou .
once that credit guarantee began to be be doubted , credit managers pulled the fire alarm and reduced their exposure .
" up to about two months ago , an enron corporate guarantee was seen by many as money in the bank . then the whole house of cards came down , " keenan said .
people began looking at enron more closely , especially since october when a series of negative disclosures about the company ' s finances forced the company to lower its reported earnings by $ 600 million over the last four years as a result of questionable off - balance sheet transactions .
enron ' s trading business - its crown jewel - has also suffered from lower volumes as wary trading partners shifted business away from the cash - poor and credit - threatened enron .
what now ?
if enron ' s fallout has a significant affect on the regulated companies it did business with , regulators and policymakers could slow down the pace of power deregulation .
but if the damage is confined to the wholesale trading market , there will not be as much impact , analysts said .
so far , 23 states and the district of columbia have moved to deregulate their retail power markets , although nearly one third of them have delayed the onset of competition partly due to california ' s failed free market experiment .
analysts also said if enron is no longer a major player in the large customer market , where it has been very effective , deregulation is not likely to proceed as quickly .
" it ' s a perception issue . enron ' s struggle may have adverse consequences on retail choice even though it has very little to do with it , " said sharon reishus , an associate director of north american power at cambridge energy research associates ( cera ) , an independent research firm based in cambridge , massachusetts .
" this puts us more into the muddle of whether deregulation is good or not . "
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : northwest natural files to acquire enron utility .
11 / 28 / 2001
reuters english news service
( c ) reuters limited 2001 .
salem , ore . , nov 28 ( reuters ) - northwest natural gas co on wednesday said it had applied with oregon regulators to acquire utility portland general electric , a unit of troubled energy giant enron corp .
in a statement , northwest natural gas made no mention of the crisis at pge ' s parent and the growing fears enron could be forced into bankruptcy after its credit ratings were slashed to junk status and a rescue by rival dynegy inc . collapsed on wednesday .
but analysts have said that a bankruptcy filing by cash - strapped enron could complicate the proposed sale of oregon ' s largest utility and constrain its ability to buy power for customers if credit concerns deepen .
ratings agencies took different positions on how pge ' s own credit rating would be affected by enron ' s financial crisis .
moody ' s investor services cut the credit ratings of pge on wednesday , citing concerns about the utility ' s ability to remain insulated from the collapse in investor confidence in enron .
but another major ratings agency , standard & poor ' s , excluded pge from a downgrade of enron and subsidiaries , citing protective restrictions in the relationship between the utility and its parent .
northwest natural gas agreed on oct . 8 to acquire pge , the state ' s largest utility , for around $ 1 . 8 billion plus about $ 1 . 1 billion in assumed debt and preferred stock .
enron ' s stock plunged more than 80 percent on the new york stock exchange wednesday to around 76 cents . despite several trading halts , turnover surged to near 166 million shares , shattering the record for a single day trade in a stock on the new york stock exchange .
northwest natural was due to hold a conference call for investors at 1330 pst / 1630 est to discuss the filing with the oregon public utility commission .
shares in northwest natural were trading down 54 cents at $ 23 . 80 in late trading on the new york stock exchange .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron employees ' angry , stunned ' as merger dies
by erwin seba
of dow jones newswires
11 / 28 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones 713 - 547 - 9214 ; erwin . seba @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
mirant ' confident ' in light of enron situation
11 / 28 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones & company , inc . )
atlanta - ( dow jones ) - mirant corp . ( mir ) said it is " confident " the energy marketing sector is mature enough to function without enron corp . ( ene ) , and mirant estimated its pretax exposure to enron at $ 50 million to $ 60 million .
in a press release wednesday , mirant said it began limiting its exposure risk early in the enron crisis .
mrinat is already seeing new business opportunities develop because of enron ' s situation .
earlier wednesday , dynegy inc . ( dyn ) terminated its troubled merger agreement with enron , backing away from the deal despite frantic last - minute attempts by both sides to save it .
dynegy cited enron ' s breaches of representations , warranties , convenants and agreements , including the material adverse change provision .
the announcement came after standard dow jones newswires ; 201 - 938 - 5400
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron trade partners can liquidate positive portfolios
by jason leopold and mark golden
of dow jones newswires
11 / 28 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones & company , inc . )
los angeles - ( dow jones ) - energy companies said wednesday they have the right to liquidate their contracts with enron corp . ( ene ) , based on enron ' s bonds being downgraded to junk status wednesday morning by the major ratings companies .
companies such as bp plc ( bp ) , calpine corp . ( cpn ) , edison international ( eix ) , pg & e corp . ( pcg ) and sempra energy ( sre ) said they have the right to liquidate their positions with enron , but they haven ' t decided yet whether to do so . master agreements generally would force a choice between liquidating all or none of a counterparty ' s trades with enron .
" our contracts have a provision that gives us the right to begin the liquidation process if chapter 11 becomes imminent , " said a spokesman for bp . bp hadn ' t decided whether to take that step as of wednesday afternoon .
the decision rests more on whether liquidation is advantageous for particular energy companies , not on whether a liquidation event has occurred . not only did standard & poor ' s corp . and moody ' s investors service inc . deeply downgrade enron debt wednesday , but s 323 - 658 - 3874 ; jason . leopold @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
citigroup , jp morgan bonds weaken after enron downgrade
by richard a . bravo
of dow jones newswires
11 / 28 / 2001
dow jones capital markets report
( copyright ( c ) 2001 , dow jones & company , inc . )
new york - ( dow jones ) - j . p . morgan chase & co . ( jpm ) and citigroup inc . s ' ( c ) outstanding paper weakened marginally wednesday afternoon , after major ratings agencies lowered enron corp . ' s ( ene ) credit rating to junk and potential acquirer dynegy inc . ( dyn ) nixed a deal .
during afternoon trading , the spreads to treasurys on j . p . morgan and citigroup outstanding bonds were around 11 basis points wider . the bank sector in general was trading seven to eight basis points wider .
both citigroup and j . p . morgan chase invested a considerable amount of equity in enron to facilitate the company ' s proposed merger with dynegy .
shortly after the downgrades were announced , dynegy ended its merger agreement with enron .
j . p . morgan and citigroup committed $ 800 million to enron , around $ 270 million of which was unsecured lending , said richard strauss , bank analyst at goldman sachs group inc . , said .
standard & poor ' s was first out of the box - cutting enron ' s senior unsecured debt to single - b - minus from triple - b - minus , lowering the company to junk status , on concerns over the merger with dynegy . moody ' s cut enron ' s senior unsecured ratings to b 2 from baa 3 and fitch cut the rating to double - c from triple - b - minus - also speculative .
" there is concern in the market about sectors that have exposure [ to enron ] , whether they are pipelines or financials , " said brendan burke , corporate credit analyst at asb capital management . " anyone who has enron exposure is focused solely on that today . "
market analysts , however , question the extent that this will have on the banking sector .
" much of the exposure is secured and the capacity to absorb any potential losses is strong , " said michael destefano , senior banking analyst at s 201 938 - 2087 richard . bravo @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
point of view : enron mess is no long term capital mgmt
by gene colter
11 / 28 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones & company , inc . )
a dow jones newswires column
new york - ( dow jones ) - the unraveling of the planned merger between enron corp . ( ene ) and dynegy inc . ( dyn ) is going to hurt , no doubt .
but before discussions of " systemic risk " and other doomsday scenarios gain too much of a foothold , it ' s worth pointing out that the enron mess is no long term capital management .
the death of the enron - dynegy deal is probably tantamount to the demise of enron , too . and that eventuality , should it come to pass , is going to have repercussions beyond one or two energy - trading companies . so it ' s fair enough that this news pulled down stocks of all kinds wednesday .
yet the deal ' s demise and troubled enron ' s likely subsequent fate isn ' t a call on the broader value of stocks , whose fortunes remain tied to other fundamentals ( more on this later ) .
the bottom line : a major corporation with about $ 62 billion of assets seems destined to fail . in some ways enron could indeed end up being like the implosion of hedge fund long term capital management , since so much of enron ' s assets are involved in trading .
and it ' s for sure that the still relatively new industry of trading energy commodities like gas and oil - the so - called merchant energy business - is in shock and will have to regroup .
stepping back a bit from the energy business , some big - name banks and other firms may end up with some bad debts if enron ends up in bankruptcy , as most industry observers now expect .
individual investors , including mutual - fund holders unlucky enough to own some power - company shares , will also take a hit , as will some pension funds . all told , holders of enron stock have lost more than $ 60 billion this year , with the stock down more than 99 % .
but the enron - dynegy deal ' s undoing , while painful and headline - grabbing , is not about to endanger financial markets across the globe , and there is where the analogy to a failed hedge fund thankfully breaks down . even at the epicenter of the enron debacle , there ' s no systemic risk : other merchant energy traders are already saying they ' ll be able to adjust , and s & p said in a conference call wednesday afternoon that it didn ' t expect to downgrade firms similar to enron .
in fact , the biggest risks to stocks remain the same as they were yesterday or last week or last month . they ' re fundamentals unrelated to what ' s going on at enron , whose problems started with questionable off - balance sheet transactions .
key among those risks , ironically , is stocks ' recent good fortune , which has driven share prices back up to levels that are unsustainable if history is any guide . this is big concern for technology shares but a host of other sectors , too . here ' s proof from elsewhere in wednesday ' s news : gap shares may be trapped near their 52 - week low , but according to prudential securities , which lowered its rating on gap to sell , they ' re still trading at 93 times projected 2001 earnings .
another fundamental worry for stocks is the consumer economy , whose health is being hampered by the rising unemployment rate . u . s . payrolls , beefed up like never before during the 10 - year economic expansion , will be pared plenty more . fired people - or those who fear that fate - spend less and certainly pull back on equity investments .
a third fundamental that will continue to weigh on stocks is the uncertainty about when exactly corporate earnings will return to meaningful growth . while companies of many stripes have begun to talk about bottoming out , when exactly they ' ll start to see real revenue gains again isn ' t clear . but you can bet that fundamental no . 2 ( the consumer economy ) is a factor here , and until revenues and thus earnings start advancing again , fundamental no . 3 ( share price valuations ) are also at risk .
as for the enron debacle , bankruptcy might be the only way out . dynegy will probably have to cough up some money for breaking up the deal and cover some credit exposure to enron ( though it also stands to gain a natural gas pipeline owned by enron ) . chevrontexaco corp . ( cvx ) , which owns just over a quarter of dynegy and which also injected cash into enron , might have to kiss that money goodbye .
houston might also suffer , as it ' s the home of both enron and dynegy .
but the enron story is , despite all the headlines , a relatively contained one , and the challenges and risks for the rest of the stock market haven ' t changed .
- by gene colter , dow jones newswires 201 . 939 . 2068
e : mail : gene . colter @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
in the money : enron trades heavily off the nyse
by carol s . remond
11 / 28 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones & company , inc . )
a dow jones newswires column
new york - ( dow jones ) - numbers often speak volumes .
or in the case of enron corp . ( ene ) , they speak to the lack of it .
enron securities suffered from a massive meltdown wednesday as rescue efforts for the embattled energy trader fell apart . investors started to run for the exit after standard & poor ' s announced that it downgraded enron to a below investment or ` junk ' status . the move triggered about $ 3 . 9 million in debt that became due immediately and was a confirmation that a desperately needed merger with once rival dynegy inc . ( dyn ) was off the table .
but for investors jolted by the news , getting out of enron stock was easier said than done .
that ' s because the new york stock exchange , where enron is listed , halted trading of the company ' s stock some seven minutes after s 201 - 938 - 2074 ; dow jones newswires
carol . remond @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
stocks finish lower on merger collapse , weak fed report
by stacy forster
11 / 28 / 2001
dow jones business news
( copyright ( c ) 2001 , dow jones & company , inc . )
the wall street journal online
blue - chip stocks sank wednesday , after a key survey of regional conditions from the federal reserve revealed that many sectors of the u . s . economy continued to struggle .
investors also were rattled by news that dynegy had pulled out of merger talks with energy - trading giant enron .
in 4 p . m . trading in new york , the dow jones industrial average was down 160 . 74 points to 9711 . 86 , after flirting with a return to 10000 over the last two sessions . the industrials finished down 110 . 15 points , or 1 . 1 % , at 9872 . 60 tuesday .
meanwhile , the nasdaq composite index lost 48 to 1887 . 97 , after declining 5 . 26 points to 1935 . 97 tuesday .
other indexes also fell . the standard & poor ' s 500 - stock index dropped 20 . 98 to 1128 . 52 , the russell 2000 index declined 7 . 01 to 453 . 70 , and the new york stock exchange composite index lost 9 . 33 at 575 . 25 .
investors were caught off guard wednesday after standard & poor ' s ratings group downgraded enron ' s debt to junk status , a move that was immediately followed by word that prospective suitor dynegy had called off its agreement to merge with the struggling energy company . the downgrade triggered financial covenants and raised the possibility that enron will be forced to file for protection under chapter 11 of the federal bankruptcy code .
shares of enron tumbled $ 3 . 50 , or 85 % , to 61 cents in composite trading at 4 p . m . est . on the new york stock exchange alone , 181 . 9 million enron shares traded hands , setting a big board volume record . dynegy lost $ 4 . 92 , or 12 % , to end at $ 35 . 97 .
the news hit shares of other energy - trading companies , including el paso corp . , which skidded $ 3 . 59 , or 7 . 4 % , to $ 44 . 91 , and williams cos . , lost $ 1 . 80 , or 6 . 2 % , to 27 . 05 % .
meanwhile , the fed ' s so - called beige book survey of regional economic conditions indicated the economy remained soft in october and november . the report showed " signs of further slowing outweighed signs of recovery " in early november , indicated that production declined at american factories , and said that airlines and hotels struggled with a sharp drop - off in travel .
the fed also found " evidence of additional slowing in most regions " which outweighed the faint signs of recovery reported by a few fed districts . the report rekindled speculation that the fed will reduce interest rates again in an effort to stimulate the economy .
investors already had been in the mood to take some money off the table , a trend that started tuesday after the conference board issued a disappointing report on consumer confidence , and federal reserve gov . laurence meyer said it is likely that u . s . economic output is continuing to shrink .
indeed , market analysts said the fed survey wasn ' t a surprise , and instead are trying to anticipate when the news will get better . alfred goldman , chief market strategist at a . g . edwards the european union commission expects the companies to request approval for the merger " soon . " shares of compaq fell 46 cents , or 4 . 8 % , to $ 9 . 06 .
shares of handset phone makers slid after nokia said global sales of mobile phones across the industry will only grow 10 % to 15 % in 2002 after falling this year , weakening hopes of a recovery for the industry . abn amro trimmed its views on motorola following the forecast . shares of nokia fell $ 1 . 62 , or 6 . 8 % , to $ 22 . 10 , while motorola lost 50 cents , or 2 . 9 % , to $ 17 . 01 .
in major u . s . market action :
stocks slid . on the big board , where 1 . 4 billion shares traded , 2 , 074 stocks fell and 1 , 073 rose . on the nasdaq , 1 . 88 billion shares traded hands .
bonds were mixed . the 10 - year treasury note lost 1 / 32 ; its yield , which moves inversely to its price , fell to 4 . 929 % . the 30 - year bond lost nearly 1 / 2 to yield 5 . 356 % .
the dollar fell . the dollar declined against the euro to 88 . 81 cents , down from 88 . 64 cents , and weakened against the yen , falling to 123 . 07 yen , from 123 . 96 yen late tuesday in new york .
write to stacy forster at stacy . forster @ wsj . com
copyright ( c ) 2001 dow jones & company , inc .
all rights reserved .
copyright ? 2000 dow jones converge with nymex
11 / 28 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones & company , inc . )
houston ( dow jones ) ) - - u . s . natural gas physical prices rose wednesday , pushing toward convergence with the new york mercantile exchange , traders said .
the amount of gas in storage will keep a lid on both futures and cash prices , said one trader .
" if you ' ve got plenty of gas in the ground , there ' s no reason to buy futures , " he said .
with a mix of short - term cold plus no weather demand for december , traders saw a dramatic shift of gas " and a very fine line between the severe cold seen in the midcontinent and texas and the above - normal temperatures in the eastern corridor , " a gulf coast trader said .
" you knew at some point in time they would converge , " he said .
the fate of enron corp . , a major market maker , also mixed into the equation on wednesday , traders said . enron closed down its enron on line internet service at midmorning when standard john . edmiston @ dowjones . com
copyright ? 2000 dow jones afterward , enron plunged anew , hitting 65 cents , down $ 3 . 46 .
ali
s & p helped deliver the knockout punch wendesday morning by cutting enron ' s long - term corporate credit rating a staggering six notches to b - minus from triple - b - minus . rival ratings agencies moody ' s and fitch later followed suit , cutting enron bonds to junk .
the new junk ratings immediately triggered enron ' s obligation to repay some $ 3 . 3 billion in outstanding debt . with the company facing a severe liquidity squeeze and its enrononline unit pointedly offline , traders were nearly unanimous in their assessment that the houston energy trader won ' t be able to meet its obligations .
for its part , s & p noted in its report that there appears to be a " distinct possibility " enron will file for chapter 11 bankruptcy protection absent a merger .
enron said nothing about those obligations , or the prospect of a chapter 11 filing , in a wednesday afternoon press release . the company said it is " exploring options " to " protect our core energy business , " but offered no specifics .
liston
investors clearly expect enron ' s imminent collapse to hurt dynegy and other players , including the banks that were trying to prop the deal up .
j . p . morgan chase and citigroup , which lent large sums to enron and took an instrumental role in arranging and trying to salvage the failed merger , skidded wednesday amid fears that energy market dislocation could dent the banks ' profits . morgan was off 6 % and citi 5 % .
the banks ' total exposure to enron is hard to gauge . they recently arranged a two - stage $ 1 billion credit to enron that is secured by the northern natural gas pipeline and the transwestern pipeline company . in october , enron drew down $ 3 billion of credit lines to pay off $ 1 . 9 billion of short term debt . it didn ' t say at the time who the banks behind this credit were . then there ' s the $ 690 million obligation to partnership that was meant to come due tuesday , but was pushed back to mid - december . banks may have had some exposure to that , since enron last week said that its " lead bank " had informed it of the obligation ' s extension .
enron had $ 14 . 3 billion of debt in mid - november , according to a quarterly sec filing . just over $ 9 billion of that was scheduled to come due by the end of 2002 , according to the filing .
leon spinks
meanwhile , despite its efforts to distance itself from the carnage , dynegy saw its shares drop 12 % as investors began to wonder just what the energy trader may have gotten itself into in its enron dealings . many investors were astonished to see dynegy rushing into an acquisition of a distressed company with murky accounts and , quite possibly , a raft of hidden debt obligations . the riskiness of that strategy suggested that dynegy was desperate to see enron stay afloat .
it ' s almost impossible to tell at this stage how much damage an enron collapse will do to dynegy ' s business . enron may have been a counterparty on trades that dynegy is now unhedged on , and dynegy may have to back out accrued profits booked on enron trades . without elaborating , dynegy said in a wednesday press release that it has stopped trading with enron and that its exposure to enron is $ 75 million .
in addition , enron ' s allegedly aggressive accounting may have contaminated the entire energy market , especially longer - dated trades . with enron no longer in the game , and auditors likely more vigilant , traders such as dynegy may not be able to book the sort of upfront gains they used to .
one consolation is that dynegy ' s $ 1 . 5 billion cash infusion , made possible with backing from chevron , was secured by enron ' s northern natural gas pipeline . dynegy moved to take ownership of that pipeline wednesday by " exercising its option to purchase all the membership interests in the entity which indirectly owns all of the common stock of nng . " enron said wednesday afternoon that it was " reviewing " that claim in an apparent effort to keep dynegy from taking ownership .
but even if dynegy does take control of the pipeline , the credibility of top dynegy managers , such as ceo chuck watson , will have been hit hard . if it turns out that dynegy does suffer badly from an enron crash , investors will complain that they should ' ve been told about the vulnerability much earlier . and if dynegy was too tied in to enron ' s fortunes , serious questions about watson & co . ' s risk management skills will be raised .
kenny norton
the ratings agency downgrades are doubly damaging for enron because rating agencies played a critical role in efforts to shore up the houston company . some observers , noting the steep discount on enron bond prices , had criticized the agencies ' reluctance to downgrade enron debt . but s & p and moody ' s said they wanted to see if the dynegy offer would revive enron . of course , as enron ' s core operations continued to sputter even after the deal was agreed to , the rating agencies ' position looked increasingly untenable .
inevitably , if the deal doesn ' t go through and enron implodes , some people will blame s & p for enron ' s demise . s & p analyst todd shipman replies : " we have always promised people that we wouldn ' t overreact , and i don ' t think we have overreacted . "
he adds that the turning point came when the rating agency stopped believing dynegy and others could revise the deal terms and find cash in time to stop the deterioration in enron ' s business . also , he doubted whether those working to salvage the merger would come up with the sort of provisions needed to keep enron viable .
dynegy abandons enron deal
shares of energy trader plunge , bankruptcy looms
cbsmarketwatch . com
lisa sanders
11 / 28 / 01
enron shares ( ene ) closed at 61 cents , down $ 3 . 50 , having lost as much as 85 percent of their value on the day and having collapsed from a 52 - week high of almost $ 85 just 11 months ago . the company lost around $ 2 . 6 billion worth of market capitalization from tuesday to wednesday .
close to 342 million enron shares had changed hands wednesday by the close , and the stock broke the all - time volume record of 309 million shares set by intel on sept . 22 , 2000 . dynegy ( dyn ) shares lost $ 4 . 92 , or 12 percent , to $ 35 . 97 .
saying in a conference call that it had to " protect " its shareholders , dynegy announced it had terminated its agreement with enron , citing " enron ' s breaches of representations , warranties , covenants and agreements in the merger agreement , including the material adverse change provision . "
company - specific problems ?
dynegy chairman and chief executive chuck watson said : " some of the best deals are the ones that don ' t get done . "
" while it is regrettable to see a leading industry player in difficulties , this does not reflect a failure of the energy merchant business , " he said .
dynegy president and chief operating officer steve bergstrom said that energy traders have had weeks to prepare for enron ' s diminished role in the business and that the industry has suffered " no degradation , " as he put it .
" there has been a clear flight to quality , and it ' s occurring as we speak , " bergstrom said . " dynegydirect is a highly scalable platform . "
dynegydirect is a platform much like enron ' s flagship enrononline , which it turned off wednesday and which just a month ago was the largest online energy - trading platform , accounting for an average of $ 3 billion in trades a day .
dynegy ' s trading exposure to enron is $ 75 million , and the company is no longer trading with its embattled former merger partner and fellow houston industrial giant , bergstrom said .
" dynegy ' s customer - based , asset - backed energy delivery network has been the driver of our 45 percent compounded annual growth rate for the past 16 years and will continue to provide us with earnings sustainability and future growth . " watson said .
as part of the deal , dynegy had the option to keep northern natural gas , enron ' s highly valued natural - gas pipeline , even if the agreement were terminated . the company said during the call that it would exercise that option .
chevrontexaco ( cvx ) , which owns a 27 percent stake in dynegy , originally gave $ 1 . 5 billion to the company in the transaction . dynegy used the money to purchase 100 percent of the preferred shares of northern natural gas .
enron has 180 days from the date the merger agreement was signed , nov . 9 , to repurchase the pipeline system , watson said . enron said in a statement that it was reviewing dynegy ' s claim of rights to northern .
enron representatives did not participate in the call , and dynegy executives said they had been advised against the customary practice of taking questions .
enron said it has temporarily suspended payments " other than those necessary to maintain " its core energy businesses and added that it is exploring options to keep those operations alive . " to do this , we will work to retain the employees necessary to the continuing operations of our trading and other core energy businesses , " said enron chairman and ceo ken lay .
enron told employees their questions would be answered in due course and they would receive their paychecks on friday .
analysts said the next step for enron would likely be a bankruptcy filing .
" chapter 11 is not the worst of all worlds by any means , " said john olson , a houston - based energy analyst . " the key to salvaging the business is the level of debtor - in - possession financing they can get to allow them to trade in some realistic fashion . "
dip financing takes precedence over all other claims , he said .
" the equity people are now at the very bottom of the barrel , and the only people lower than them are [ the people who filed ] the stockholder suits , " olson said .
in a note to clients , analyst michael heim of a . g . edwards said that enron , without dynegy , has " no value . "
" enron . . . will most likely be declared bankrupt shortly , " heim said . " unlike other bankruptcies in which a stock continues to trade at a low price , there are no hard assets to salvage . "
ahead of this news , s & p cut enron ' s rating to b - minus , or junk status , from bbb - minus , which is the lowest investment - grade rating . the rating agency said that the move reflects " concerns about the viability of the merger agreement with dynegy and liquidity implications of the possible failure of that transaction . the ratings are placed on creditwatch with developing implications . "
moody ' s made its announcement of a rating cut to b 2 from baa 3 and said that enron ' s debt remains under review for additional downgrade .
in its report , moody ' s cited the likelihood of a dynegy - enron breakup , fueled by enron ' s declining financial performance , as the reason for the downgrade .
" moody ' s . . . baa 3 rating was predicated on good prospects for completion of the merger with dynegy and reasonable prospects for marginally investment - grade characteristics of the merged entity , " moody ' s wrote . " furthermore , lack of confidence in enron by its trading counterparties appears to be adversely affecting enron ' s core trading operations . "
for enron to survive , the credit agency said , it ' s imperative that the volumes from the trading business remain profitable .
fitch , which had rated enron bbb - minus , lowered the rating to cc , which " indicates that default of some kind appears probable . "
the u . s . treasury is keeping an eye on the impact the enron fallout is having on the credit markets , spokeswoman michele davis said wednesday .
" we are monitoring credit markets as we do every day , " davis said . " markets always fluctuate and we haven ' t seen anything extraordinary . " treasury said that outside its surveillance of credit markets , it would refer any inquiries on energy trading to the federal energy regulatory commission or the commodity futures trading commission .
earlier in the day
dynegy , which had originally offered to buy enron for $ 9 billion in stock , confirmed tuesday that the two companies were discussing a new deal structure , and it said ahead of the credit - ratings and eventual termination news wednesday that discussions were continuing .
" i ' m not aware of any changes in any status of the merger , " dynegy spokesman john sousa said before the s & p announcement . the merger agreement contained a material adverse - affect clause that , if triggered , allowed dynegy to walk away from the deal .
the decline in enron ' s stock price and information contained in the company ' s 10 - q filing of nov . 19 could had activated the clause , but olson said the s & p downgrade clearly fit the description of a material adverse affect .
also wednesday , ubs warburg and rbc capital cut their ratings on enron , to " hold " from " strong buy " and from " strong buy " to " buy - speculative , " respectively .
lisa sanders is a dallas - based reporter for cbs . marketwatch . com .
citi , morgan sink on enron exposure
cbsmarketwatch . com
11 / 28 / 01
greg morcroft
new york ( cbs . mw ) - - j . p . morgan and citigroup shares fell wednesday as investors fretted about the banks ' exposure to troubled energy trader enron .
enron shares collapsed after dynegy abandoned plans to buy the largest u . s . energy trader and standard & poor ' s cut its rating on the company to junk bond status .
j . p . morgan chase ( jpm ) fell $ 2 . 30 , or 5 . 8 percent , to $ 37 . 50 . fellow bank stock citigroup was the second biggest dow loser , dropping $ 2 . 75 , or 5 . 8 percent , to $ 47 . 80 .
both firms have served as lenders and advisers to the embattled enron , which today saw its debt rating cut to junk status and its would - be acquirer dynegy walk away from the deal .
early afternoon calls to citigroup were not returned , and a j . p . morgan spokesman declined to comment on reports of the bank ' s exposure to the situation .
the wall street journal reported that both banks were attempting to finance dynegy ' s proposed purchase of enron , and had each committed roughly $ 700 million to $ 800 million in the form of various loans , about half of which were unsecured .
the report noted the banks had also committed an additional $ 250 million in equity investments .
enron deal falls apart
enron ( ene ) shares ended the day at 61 cents , having lost as much 85 percent of their value . dynegy ( dyn ) shares closed down 12 percent at $ 35 . 97 .
in a report wednesday , rating agency s & p cut enron ' s rating to b - minus , or junk status , from bbb - minus , which is the lowest investment - grade rating .
the rating agency said that the move reflects " concerns about the viability of the merger agreement with dynegy and liquidity implications of the possible failure of that transaction . the ratings are placed on creditwatch with developing implications . "
shares could be worthless
analyst michael heim at a . g . edwards said the downgrade of enron ' s debt by standard & poor ' s " kills any chance of a deal " with dynegy .
he believes dynegy will have no problems using the debt downgrade to walk away from the deal without paying a break - up fee .
" without a deal , enron has no value , in our opinion , and will most likely be declared bankrupt shortly , " heim explained in a note to clients .
" unlike other bankruptcies in which a stock continues to trade at a low price , there are no hard assets to salvage . "
he added the s & p downgrade will force enron to accelerate a debt payment of $ 3 . 9 billion , making it virtually impossible for enron trades to interact with most counterparties .
u . s . bancorp piper jaffray estimated that enron represents about $ 500 million exposure to citigroup and $ 300 million to j . p . morgan chase .
" n our judgment , these credit facilities are well - collateralized , " the firm said in a note , anticipating that non - performing assets would increase by $ 440 million at citi in the fourth quarter and $ 300 million at j . p . morgan , reflecting an enron bankruptcy .
greg morcroft is new york news editor of cbs . marketwatch . com .
at enron , best lay plans go awry commentary : from cabinet prospect to bankruptcy
cbsmarketwatch . com
11 / 28 / 01
by david callaway
san francisco ( cbs . mw ) - - for ken lay , the collapse of enron corp . goes beyond one of the largest and swiftest corporate meltdowns in u . s . history .
it represents the destruction of a lifetime of work that until only three months ago had the texas business leader and political rainmaker perched at the top of the corporate world , the most powerful energy mogul in history and an advisor to the president of the united states .
it was less than a year ago that the 59 - year - old lay was being touted as incoming president bush ' s top choice to be treasury secretary , or at the very least , energy secretary .
he ranked no . 36 on a list of the 50 best ceos last year published by worth magazine , after having put together a 240 percent return on shareholder value in enron ( ene ) stock over the last three years . enron ' s market value rose from $ 2 billion in 1985 , when lay created the company through a merger of two texas natural gas firms , to more than $ 80 billion earlier this year .
but all of that power and prestige came crashing down over the last few months , culminating wednesday in a complete collapse of enron ' s shares in reaction to news that rival dynegy ( dyn ) would not step in to rescue the failing company . when the dust settled , enron ' s shares stood at 61 cents each , its total market value at $ 454 million . see full story .
lay and enron now face an almost certain chapter 11 filing , which would be the biggest in u . s . history , and a slew of lawsuits as well as a federal investigation into how they built a tangled web of derivative trades and energy businesses into the empire that it was .
a power broker unplugged
now lay , a behind - the - scenes string puller in the corridors of power for more than a decade , will find out just how loyal his friends are , starting with bush . lay is a close friend of the bush family and has been one of the largest contributors to the president ' s political campaigns for president and texas governor .
enron has pumped more than half a million bucks into bush ' s coffers over the years , including $ 100 , 000 for last year ' s presidential campaign , which was matched by lay and his wife . lay hired former cabinet members james baker and robert mosbacher after they left their positions with the cabinet of bush ' s father , george bush , in the early 1990 s .
and with his political largesse came the benefits . lay had vice president cheney ' s ear earlier this year when cheney was presiding over the establishment of bush ' s energy policy , a process cloaked in secrecy that even today cheney refuses to shed light on .
in may , he found himself in hot water after the new york times reported that lay called curtis hebert , then chairman of the federal energy regulatory commission , and offered his support if hebert would change his views on electricity deregulation and embrace bush ' s push for retail energy competition .
hebert said he refused , and had the impression his job was in jeopardy . lay later denied that he had threatened hebert ' s job security . whatever the case , hebert was later replaced as chairman of the agency by patrick wood , chairman of the texas public utility commission .
lay was more successful in his adopted hometown of houston , where he was able to convince gov . bush to deregulate the state ' s electrical markets in 1999 and where , earlier this year , the houston astros began playing in their new stadium , enron field .
that lay is a remarkable executive and power broker is without question . he took a rinky - dink natural gas company and in just over 16 years turned into the mightiest energy empire in american history , virtually inventing a new energy market , which enron itself controlled . bill gates would have been proud of the monopoly .
but the speed with which the empire collapsed and the shambles that is left suggest that , at best , enron was not much more than an elaborate hedge fund that bet too much on itself .
and now ken lay , rainmaker , has fallen back to earth .
david callaway is executive editor of cbs . marketwatch . com | 2001-11-28T00:00:00 |
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27,994 | hea 34 th annual sports tournament reminder michelle lokay ,
the 34 th annual sports tournament is just a month away , so if you haven ' t
registered , click on the link below and do so today ! look forward to seeing
you on monday , october 16 at the woodlands country club .
this message was sent by :
teresa knight , executive director
houston energy association ( hea )
phone : ( 713 ) 651 - 0551
fax : ( 713 ) 659 - 6424
tknight @ houstoneneryg . org
if you would like to have your email address removed from our mailing list ,
please click the link below to the hea home page , where you will find a
mini - form to remove your name automatically .
http : / / www . houstonenergy . org /
if you did not receive the attached file or it was corrupted , you can find it
at : http : / / www . houstonenergy . org / public / | 0 | ham | hea 34 th annual sports tournament reminder | michelle lokay ,
the 34 th annual sports tournament is just a month away , so if you haven ' t
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this message was sent by :
teresa knight , executive director
houston energy association ( hea )
phone : ( 713 ) 651 - 0551
fax : ( 713 ) 659 - 6424
tknight @ houstoneneryg . org
if you would like to have your email address removed from our mailing list ,
please click the link below to the hea home page , where you will find a
mini - form to remove your name automatically .
http : / / www . houstonenergy . org /
if you did not receive the attached file or it was corrupted , you can find it
at : http : / / www . houstonenergy . org / public / | 2000-09-17T00:00:00 |
2,428 | pg & e texas 11 / 00 never mind . they are now changing their price to 6 . 23 . thanks .
- - - - - - - - - - - - - - - - - - - - - - forwarded by megan parker / corp / enron on 01 / 22 / 2001
02 : 58 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
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megan | 0 | ham | pg & e texas 11 / 00 | never mind . they are now changing their price to 6 . 23 . thanks .
- - - - - - - - - - - - - - - - - - - - - - forwarded by megan parker / corp / enron on 01 / 22 / 2001
02 : 58 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : megan parker 01 / 22 / 2001 02 : 50 pm
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3,623 | from your clerk . its been great ! i just wanted to let you all know that i really enjoyed working with you all . it has been a pleasure and a ton of fun to work for such great people . i hope to stay in contact with you and please keep hold of my email address and resume for anything you may see a need for in the future . also if you wouldnt mind being a reference for me it would be greatly appreciated and you can email me your information .
thanks again ,
jason
jpanos @ houston . rr . com | 0 | ham | from your clerk . its been great ! | i just wanted to let you all know that i really enjoyed working with you all . it has been a pleasure and a ton of fun to work for such great people . i hope to stay in contact with you and please keep hold of my email address and resume for anything you may see a need for in the future . also if you wouldnt mind being a reference for me it would be greatly appreciated and you can email me your information .
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jpanos @ houston . rr . com | 2001-12-07T00:00:00 |
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8,236 | re : mgmt 656 ( rice university ) this list is just a basic excel document with names , id ' s and e - mail
addresses . - pam ( 713 - 348 - 6223 )
at 03 : 36 pm 1 / 17 / 01 - 0600 , you wrote :
> pam ,
>
> thanks . the list of e - mail addresses would be useful as well .
>
> vince
>
>
>
>
>
> pamela vande krol castro on 01 / 17 / 2001 03 : 05 : 01 pm
>
> to : vince . j . kaminski @ enron . com
> cc :
> subject : mgmt 656 ( rice university )
>
>
> here are your rosters for mgmt 656 . let me know if you need a list of
> e - mail addresses as well . i will update you as student schedules change .
> - pam
> ( 713 - 348 - 6223 )
> ( see attached file : 656 . doc )
>
>
- 656 . xls | 0 | ham | re : mgmt 656 ( rice university ) | this list is just a basic excel document with names , id ' s and e - mail
addresses . - pam ( 713 - 348 - 6223 )
at 03 : 36 pm 1 / 17 / 01 - 0600 , you wrote :
> pam ,
>
> thanks . the list of e - mail addresses would be useful as well .
>
> vince
>
>
>
>
>
> pamela vande krol castro on 01 / 17 / 2001 03 : 05 : 01 pm
>
> to : vince . j . kaminski @ enron . com
> cc :
> subject : mgmt 656 ( rice university )
>
>
> here are your rosters for mgmt 656 . let me know if you need a list of
> e - mail addresses as well . i will update you as student schedules change .
> - pam
> ( 713 - 348 - 6223 )
> ( see attached file : 656 . doc )
>
>
- 656 . xls | 2001-01-17T00:00:00 |
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$ 60 red hat linux 7 . 3
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incredible deals on software you need !
free delivery on 10 % more off on orders over $ 200 !
check it out ! !
http : / / allthedeal . info / index . php ? s = 7555
$ 80 windows xp professional
$ 90 adobe pagemaker 7 . 0
$ 120 microsoft office 2003 professional
$ 60 norton antivirus 2004 professional
$ 90 adobe photoshop 7 . 0
$ 60 red hat linux 7 . 3
$ 80 windows 2000 professional
$ 200 ms windows server 2003 enterprise
$ 90 adobe pagemaker 7 . 0
$ 120 quickbooks 2004
save $ 410 on adobe photoshop !
save $ 800 on macromedia studio mx ! !
check it out ! !
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lucas alphal nikita
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garnet robinhooricky tarzan abby skidoo miles preston
| 2004-09-27T00:00:00 |
23,009 | may curve validation memorandum attached is may ' s curve validation memorandum .
we apologize for the late distribution this month .
please call with any questions .
gary
x 35502 | 0 | ham | may curve validation memorandum | attached is may ' s curve validation memorandum .
we apologize for the late distribution this month .
please call with any questions .
gary
x 35502 | 2000-06-26T00:00:00 |
2,605 | revision # 1 - hpl nom for february 23 , 2001 ( see attached file : hplno 223 . xls )
- hplno 223 . xls | 0 | ham | revision # 1 - hpl nom for february 23 , 2001 | ( see attached file : hplno 223 . xls )
- hplno 223 . xls | 2001-02-22T00:00:00 |
26,430 | low priced stock is going up fast rocket stocks investment newsletter
first we would like to say thank you to all of our avid readers ! we
have
had huge success over the last few months and have become one of the
most
widely read investment newsletters in the world . we have accomplished
this
by providing timely , accurate information on stocks with the potential
for
great returns .
rocket stocks is not your father ' s investment newsletter ! we focus on
stocks with the potential to go up in value by well over 300 % . that ' s
what
it takes to make it on to our list . these are stocks for the risk
tolerant
investor ! the beauty of this is that it only takes one smart
investment to
make serious profits !
investors , let ' s make this market work for us ! !
new developments expected to move advanced powerline technologies , inc .
stock from $ 0 . 50 to over $ 2 . 50
symbol : apwl . pk
please see this site for more information : apwl . info
current price : $ 0 . 50
short term target price : $ 2 . 50
12 month target price : $ 4 . 75
* * * about the company * * *
advanced powerline technologies is engaged in the broadband over
powerline
industry . their business is based on the idea of using existing power
lines , both in the home and outside , to transmit information . this
information includes broadband internet and the development of " the
21 st
century home " concept in which home appliances and computers are
networked .
apwl and others in the industry have exciting plans to turn
pre - existing
electrical infrastructure into big business . apwl has been engaged in
the
industry for many years and have been awarded numerous applicable
patents .
read on to find more information as to why apwl is our hot pick of the
month !
* * * news from the industry * * *
new millennium research council ( nmrc ) has recently released a report
in
which they say :
" many industry watchers and representatives now believe bpl ( broadband
over
power lines ) can dramatically change the landscape of the broadband
market ,
offering new forms of competition and delivering high - quality service
to
remote
areas . "
" is 2005 the year of bpl ? there are a number of signs that suggest this
could be the time the
technology begins its emergence as a viable competitor in the broadband
market . "
" during the past two years , the commercial and media perspectives on
bpl in
the united states have
evolved from categorizing the technology as almost ready ¶ to really
here . ¶
" current research into the bpl industry indicates a belief among some
experts that the industry may
be primed for real growth in 2005 and beyond . "
( cnet news ) - february 24 , 2004 - earlier this month , the federal
communications commission proposed rules for utility companies that
seek to
offer internet access through their electricity grids . the fcc hopes
its
rules for broadband over power line ( bpl ) will help jump - start the use
of
the grid network to deliver high - speed net access to u . s . households ,
especially in hard - to - reach rural areas .
( idg news service ) - april 10 , 2005 - the european union ' s communications
regulator , the european commission , launched an initiative on friday to
boost the growth of broadband internet access over power transmission
lines .
the news on this sector is everywhere . 2005 is the year for advanced
powerline technologies .
* * * top reasons to consider apwl * * *
* advanced powerline technologies is poised at the pinnacle of the most
modern technology since the development of cable fiber optics .
* advanced powerline technologies has fathered a quantum leap forward
in
advanced cable free high - resolution video .
* apt ' s technology significantly reduces many of the expensive cable
placements now necessary to bring audio / video and high speed internet
to the
end user .
* apt is engaged in acquiring contracts to provide their technology to
countries and regions where power lines are the norm but in which
internet
over telephone lines has not , or can not reach the market .
the time to act is now . news is out for apwl . the sector is ready to
explode onto the scene . the road is paved for big returns on
investment .
symbol : ( apwl . pk )
current price : $ 0 . 50
short term target price : $ 2 . 50
12 month target price : $ 4 . 75
please watch this one trade on tuesday !
information within this email contains " forward looking statements "
within the meaning of section 27 a of the securities act of 1933 and
section 21 b of the securities exchange act of 1934 . any statements that
express or involve discussions with respect to predictions ,
expectations , beliefs , plans , projections , objectives , goals ,
assumptions or
future
events or performance are not statements of historical fact and may be
" forward looking statements . " forward looking statements are based on
expectations , estimates and projections at the time the statements are
made that involve a number of risks and uncertainties which could cause
actual results or events to differ materially from those presently
anticipated . forward looking statements in this action may be
identified
through the use of words such as " projects " , " foresee " , " expects " ,
" will , " " anticipates , " " estimates , " " believes , " " understands " or
that by
statements indicating certain actions " may , " " could , " or " might " occur .
as with many micro - cap stocks , today ' s company has additional risk
factors worth noting . those factors include : a limited operating
history ,
the company advancing cash to related parties and a shareholder on an
unsecured basis : one vendor , a related party through a majority
stockholder , supplies ninety - seven percent of the company ' s raw
materials :
reliance on two customers for over fifty percent of their business and
numerous related party transactions and the need to raise capital .
these
factors and others are more fully spelled out in the company ' s sec
filings . we urge you to read the filings before you invest . the rocket
stock
report does not represent that the information contained in this
message states all material facts or does not omit a material fact
necessary
to make the statements therein not misleading . all information
provided within this email pertaining to investing , stocks , securities
must
be
understood as information provided and not investment advice . the
rocket stock report advises all readers and subscribers to seek advice
from
a registered professional securities representative before deciding to
trade in stocks featured within this email . none of the material within
this report shall be construed as any kind of investment advice or
solicitation . many of these companies are on the verge of bankruptcy .
you
can lose all your money by investing in this stock . the publisher of
the rocket stock report is not a registered investment advisor .
subscribers should not view information herein as legal , tax ,
accounting or
investment advice . any reference to past performance ( s ) of companies
are
specially selected to be referenced based on the favorable performance
of
these companies . you would need perfect timing to achieve the results
in the examples given . there can be no assurance of that happening .
remember , as always , past performance is never indicative of future
results and a thorough due diligence effort , including a review of a
company ' s filings , should be completed prior to investing . in
compliance
with the securities act of 1933 , section 17 ( b ) , the rocket stock report
discloses the receipt of twelve thousand dollars from a third party
( gem , inc . ) , not an officer , director or affiliate shareholder for
the
circulation of this report . gem , inc . has a position in the stock
they
will sell at any time without notice . be aware of an inherent conflict
of interest resulting from such compensation due to the fact that this
is a paid advertisement and we are conflicted . all factual information
in this report was gathered from public sources , including but not
limited to company websites , sec filings and company press releases .
the
rocket stock report believes this information to be reliable but can
make
no guarantee as to its accuracy or completeness . use of the material
within this email constitutes your acceptance of these terms . | 1 | spam | low priced stock is going up fast | rocket stocks investment newsletter
first we would like to say thank you to all of our avid readers ! we
have
had huge success over the last few months and have become one of the
most
widely read investment newsletters in the world . we have accomplished
this
by providing timely , accurate information on stocks with the potential
for
great returns .
rocket stocks is not your father ' s investment newsletter ! we focus on
stocks with the potential to go up in value by well over 300 % . that ' s
what
it takes to make it on to our list . these are stocks for the risk
tolerant
investor ! the beauty of this is that it only takes one smart
investment to
make serious profits !
investors , let ' s make this market work for us ! !
new developments expected to move advanced powerline technologies , inc .
stock from $ 0 . 50 to over $ 2 . 50
symbol : apwl . pk
please see this site for more information : apwl . info
current price : $ 0 . 50
short term target price : $ 2 . 50
12 month target price : $ 4 . 75
* * * about the company * * *
advanced powerline technologies is engaged in the broadband over
powerline
industry . their business is based on the idea of using existing power
lines , both in the home and outside , to transmit information . this
information includes broadband internet and the development of " the
21 st
century home " concept in which home appliances and computers are
networked .
apwl and others in the industry have exciting plans to turn
pre - existing
electrical infrastructure into big business . apwl has been engaged in
the
industry for many years and have been awarded numerous applicable
patents .
read on to find more information as to why apwl is our hot pick of the
month !
* * * news from the industry * * *
new millennium research council ( nmrc ) has recently released a report
in
which they say :
" many industry watchers and representatives now believe bpl ( broadband
over
power lines ) can dramatically change the landscape of the broadband
market ,
offering new forms of competition and delivering high - quality service
to
remote
areas . "
" is 2005 the year of bpl ? there are a number of signs that suggest this
could be the time the
technology begins its emergence as a viable competitor in the broadband
market . "
" during the past two years , the commercial and media perspectives on
bpl in
the united states have
evolved from categorizing the technology as almost ready ¶ to really
here . ¶
" current research into the bpl industry indicates a belief among some
experts that the industry may
be primed for real growth in 2005 and beyond . "
( cnet news ) - february 24 , 2004 - earlier this month , the federal
communications commission proposed rules for utility companies that
seek to
offer internet access through their electricity grids . the fcc hopes
its
rules for broadband over power line ( bpl ) will help jump - start the use
of
the grid network to deliver high - speed net access to u . s . households ,
especially in hard - to - reach rural areas .
( idg news service ) - april 10 , 2005 - the european union ' s communications
regulator , the european commission , launched an initiative on friday to
boost the growth of broadband internet access over power transmission
lines .
the news on this sector is everywhere . 2005 is the year for advanced
powerline technologies .
* * * top reasons to consider apwl * * *
* advanced powerline technologies is poised at the pinnacle of the most
modern technology since the development of cable fiber optics .
* advanced powerline technologies has fathered a quantum leap forward
in
advanced cable free high - resolution video .
* apt ' s technology significantly reduces many of the expensive cable
placements now necessary to bring audio / video and high speed internet
to the
end user .
* apt is engaged in acquiring contracts to provide their technology to
countries and regions where power lines are the norm but in which
internet
over telephone lines has not , or can not reach the market .
the time to act is now . news is out for apwl . the sector is ready to
explode onto the scene . the road is paved for big returns on
investment .
symbol : ( apwl . pk )
current price : $ 0 . 50
short term target price : $ 2 . 50
12 month target price : $ 4 . 75
please watch this one trade on tuesday !
information within this email contains " forward looking statements "
within the meaning of section 27 a of the securities act of 1933 and
section 21 b of the securities exchange act of 1934 . any statements that
express or involve discussions with respect to predictions ,
expectations , beliefs , plans , projections , objectives , goals ,
assumptions or
future
events or performance are not statements of historical fact and may be
" forward looking statements . " forward looking statements are based on
expectations , estimates and projections at the time the statements are
made that involve a number of risks and uncertainties which could cause
actual results or events to differ materially from those presently
anticipated . forward looking statements in this action may be
identified
through the use of words such as " projects " , " foresee " , " expects " ,
" will , " " anticipates , " " estimates , " " believes , " " understands " or
that by
statements indicating certain actions " may , " " could , " or " might " occur .
as with many micro - cap stocks , today ' s company has additional risk
factors worth noting . those factors include : a limited operating
history ,
the company advancing cash to related parties and a shareholder on an
unsecured basis : one vendor , a related party through a majority
stockholder , supplies ninety - seven percent of the company ' s raw
materials :
reliance on two customers for over fifty percent of their business and
numerous related party transactions and the need to raise capital .
these
factors and others are more fully spelled out in the company ' s sec
filings . we urge you to read the filings before you invest . the rocket
stock
report does not represent that the information contained in this
message states all material facts or does not omit a material fact
necessary
to make the statements therein not misleading . all information
provided within this email pertaining to investing , stocks , securities
must
be
understood as information provided and not investment advice . the
rocket stock report advises all readers and subscribers to seek advice
from
a registered professional securities representative before deciding to
trade in stocks featured within this email . none of the material within
this report shall be construed as any kind of investment advice or
solicitation . many of these companies are on the verge of bankruptcy .
you
can lose all your money by investing in this stock . the publisher of
the rocket stock report is not a registered investment advisor .
subscribers should not view information herein as legal , tax ,
accounting or
investment advice . any reference to past performance ( s ) of companies
are
specially selected to be referenced based on the favorable performance
of
these companies . you would need perfect timing to achieve the results
in the examples given . there can be no assurance of that happening .
remember , as always , past performance is never indicative of future
results and a thorough due diligence effort , including a review of a
company ' s filings , should be completed prior to investing . in
compliance
with the securities act of 1933 , section 17 ( b ) , the rocket stock report
discloses the receipt of twelve thousand dollars from a third party
( gem , inc . ) , not an officer , director or affiliate shareholder for
the
circulation of this report . gem , inc . has a position in the stock
they
will sell at any time without notice . be aware of an inherent conflict
of interest resulting from such compensation due to the fact that this
is a paid advertisement and we are conflicted . all factual information
in this report was gathered from public sources , including but not
limited to company websites , sec filings and company press releases .
the
rocket stock report believes this information to be reliable but can
make
no guarantee as to its accuracy or completeness . use of the material
within this email constitutes your acceptance of these terms . | 2005-07-04T00:00:00 |
32,637 | so much fun with these girls . . hey my man , long time no talk !
you won ' t believe what we found , holy ! ! ! ! .
it ' s this crazy hookup site , i got laid 6 times this week man , you don ' t
have to use a credit card or anything you won ' t pay a cent !
there are tons of girls , guys , couples and i ' m sure something for you too !
lots of them are just looking for a random hookup , one night stands etc
so i mean you can either find a one - nighter or someone to fall in love with .
it ' s a community site with mad hot crazy chicks / dudes
you really gotta check this thing out , cause you missin ' out big ! !
http : / / offthevietnam . com / aus . html
you won ' t be disapointed you ' ll see im not kidding . thank me later after
you ' r gettin laid 7 days a week .
see ya later
charlie m | 1 | spam | so much fun with these girls . . | hey my man , long time no talk !
you won ' t believe what we found , holy ! ! ! ! .
it ' s this crazy hookup site , i got laid 6 times this week man , you don ' t
have to use a credit card or anything you won ' t pay a cent !
there are tons of girls , guys , couples and i ' m sure something for you too !
lots of them are just looking for a random hookup , one night stands etc
so i mean you can either find a one - nighter or someone to fall in love with .
it ' s a community site with mad hot crazy chicks / dudes
you really gotta check this thing out , cause you missin ' out big ! !
http : / / offthevietnam . com / aus . html
you won ' t be disapointed you ' ll see im not kidding . thank me later after
you ' r gettin laid 7 days a week .
see ya later
charlie m
| 2005-04-26T00:00:00 |
28,217 | open season results attached are the results of the open season . | 0 | ham | open season results | attached are the results of the open season . | 2000-11-17T00:00:00 |
32,045 | suwn poised for immediate growth ! ! ! investor alert
special investment report on healthcare !
aggressive growth !
buy recommendation !
otc bb : suwn
target price : $ 3 . 00
vol . cxxxvii
issue 2616 march 2 , 2005
stock symbol
shares outstanding
float ( estimate )
rating
current price
12 month target price
otc bb : suwn
33 , 300 , 000
6 , 300 , 000
strong buy
$ . 16
$ 3 . 00
suwn enters trillion dollar healthcare industry !
our current recommendation is sunwin international neutraceuticals , inc . ( otcbb : suwn )
company profile
as an industry leader in agricultural processing , sunwin international neutraceuticals , inc . ( sunwin ) has built an integrated global firm with the sourcing and production capabilities to meet the needs of consumers throughout the world . sunwin is a pioneer in the research and development and production of essential traditional chinese medicine , 100 percent organic herbal medicine , nutraceutical products , natural sweetener ( stevioside ) , and animal medicine prepared from 100 % organic herbal ingredients . the company also makes such value - added products as specialty veterinary food ingredients and specialty feed ingredients . the sunwin family works closely with consumer to provide a quality , value , and a hybrid mix of agricultural products and services that meet growing demand .
in 2002 , sunwin was recognized as one of the first 2 , 000 state - level companies that china authorized as the most important innovative high - tech pioneer businesses by the china central government . in 2002 , sunwin was awarded as one of 2002 state - level biological product manufacturers in china . in 2003 , sunwin ranked as one of the top 50 companies of china animal related health care product pharmaceutical industry in terms of sales by the ministry of agriculture of china . in 2003 , sunwin received the award of shandong top ten innovative , high - tech businesses by the province government of shandong .
investment opinion
- warren buffett said u . s . stocks are too expensive and he poured a chunk of his money into china . that ' s especially important now , since warren buffett made such big news with his huge china investment . everyone knows what happens when mr . buffett gets into a market , it usually explodes . mr . buffett ' s strong move also means that every charlatan stock advisor in the u . s . will now be trying to sell you some sort of hot chinese investment . but they don ' t have what we have . they don ' t have a network of analysts already on the ground in china doing the hard work for you . the fortunes made on the american stock markets in the late 1990 s will look paltry when compared to the profit explosion that ' s set to blast out of china in the coming years . as you ' re about to see , there ' s not a single reason not one for you to miss what should be the greatest wealth creation opportunity of your lifetime .
- you know what happens when warren buffett gets onto a good thing , everybody gets rich . warren buffett has gotten into china , here ' s what the respected bloomberg news said about that . these excerpts come from a may 22 , 2003 bloomberg news wire story : warren buffett ' s search for cheap stocks has brought his to a surprising place : china . a month after telling berkshire hathaway shareholders that shares of u . s . companies were too expensive , buffett ' s company upped its stake in petrochina . ( it now owns 13 . 35 % of the company . ) .
- it ' s clear that china is the place for you to be now and in the coming years . the profits will be stunning , but only if you ' re aligned with an expert team that puts you into the best chinese companies first . one reason for that sweet number is because sunwin ' s product is of such high quality . in fact , its customers during the past year as divided equally between major suppliers in japan and china . and suwn has a nice mix of both local and export customers . last year , they had sales to the local chinese domestic , exports to japan 20 % and exports to other foreign countries . when suwn ' s natural sweetener penetrates the us markets , it will take some market share of synthetic sweetener . even natural sweetener takes a tiny fraction of market share of synthetic sweetener in the us ; it could means tens of millions of dollars to suwn . suwn will add a new manufacturing line for its natural sweetener in 2004 / 2005 that should make 300 tons of highly purified natural sweetener . it will add $ 9 million to $ 12 million in sales and $ 2 to $ 3 million in net income . this is why betting on suwn is a sure thing to win huge ! they ' re testimony to a management team that has excellent control over suwn ' s cost of goods sold and operating expenses . this is a well - run company that we should assume , will continue this path and grow by acquiring more top - quality beet sugar producers as well .
- we believe the suwn story will get a lot of attention in the investment community in the coming months . the average company on this list in this industry has a market cap valued at 7 . 17 x revenues . on this ground alone , we should expect suwn market cap to be $ 89 million , or $ 2 . 63 per share ! the average of pe ratio in the industry is 27 . 1 . on this ground alone , it will give suwn stock valued at $ 1 per share . the average ratio of price / earning / growth in the industry on the list is 1 . 1 . on this ground alone , we should expect suwn to be $ 3 per share . an average valuation will value suwn at $ 2 per share . we believe that it is just a matter of time before suwn , an undervalued stock with tremendous upside potential , will be recognized by wall street , and then the stock price will soar to a much higher level when it is listed on the amex !
investor alert is an independent research firm . this report contains forward - looking statements . past performance does not guarantee future results . this report is based on ia , independent analysis , and may , or may not be the opinion of investor alert , but also relies on information supplied by sources believed to be reliable . ia has been retained by a third party and has been paid $ 25 , 000 . 00 cash for this report . investor alert and / or individuals thereof may have positions in securities referred to herein and may make purchases or sales at any time . the information contained in this report is for information purposes only , and should not be construed as an offer or solicitation to buy or sell any security . investors should consult with an investment professional before investing any monies period . copyright 2004 ia all rights reserved .
press release for immediate release
sunwin international neutraceuticals signs the letter of intent to acquire controlling interest of jining stevia manufacturing company
fort lauderdale , fl , march 2 , 2005 ( business wire ) - sunwin international neutraceuticals , inc . ( otcbb : suwn ) , a leading manufacturer of chinese herbs , veterinary medicines and low calorie natural sweetener ( stevia ) in china , announced today it has signed the letter of intent to acquire 55 % controlling interest of jining stevia manufacturing company via a stock exchange on the basis of net tangible assets of jining stevia manufacturing company . completion of the transaction is subject to the negotiation and execution of a mutually satisfactory stock exchange agreement , receipt of audited financial statements of the company to be acquired , receipt of necessary corporate approval by both parties , satisfactory completion of due diligence and other customary conditions of closing .
with the combined production of the two companies , sunwin will produce approximately 800 tons of stevia per year or approximately 50 % of the worldwide production , based on 2004 numbers . stevia is becoming a mainstay of the extreme no - carb sweetener market worldwide . the current production of approximately 1 , 600 tons per year worldwide will not meet the dramatically increasing demand worldwide , especially in the us .
tongtong lin , newly appointed sunwin ' s ceo , commented , our goal is to increase our leading position in the production of stevia . the low calorie sweetener market is a multi - billion dollar global market of both synthetic and natural sweeteners . we believe the natural , low calorie sweetener stevia will eventually replace the demand for synthetic sweeteners worldwide in the near future . natural sweeteners provide what most users feel is a far superior taste than synthetic sweeteners without having the side effects to human organs and systems as synthetic sweetener have our current combined production of natural sweetener will accounts for approximately 50 % of worldwide production . with an increasingly price of stevia at $ 35 , 000 per ton , the acquisition will allow us to generate over $ 28 million in sales and with an anticipated $ 3 million in net income from the production of stevioside alone .
about sunwin international neutraceuticals , inc .
sunwin international neutraceuticals , inc . ( sunwin ) is engaged in the areas of essential traditional chinese medicine , 100 % organic herbal medicine , neutraceutical products , natural sweetener ( stevia ) , and animal medicine prepared from 100 % organic herbal ingredients . as an industry leader in agricultural processing , sunwin has built an integrated global firm with the sourcing and production capabilities to meet the needs of consumers throughout the world . sunwin also makes such value - added products as specialty veterinary food ingredients and specialty feed ingredients . the sunwin family works closely with consumers to provide a quality , value , and a hybrid mix of agricultural products and services that meet growing demand . in 2002 , sunwin was recognized as one of the first 2 , 000 state - level companies that china authorized as the most important innovative high - tech pioneer businesses by the chinese central government . in 2002 , sunwin was awarded as one of 2002 state - level biological product manufacturers in china . in 2003 , sunwin ranked as one of the top 50 companies of china animal related health care product pharmaceutical industry . in 2003 , sunwin received award of shandong top - ten innovative , high - tech businesses by the province government of shandong .
safe harbor statement
certain of the statements set forth in this press release constitute forward - looking statements . forward - looking statements include , without limitation , any statement that may predict , forecast , indicate , or imply future results , performance or achievements , and may contain the words estimate , project , intend , forecast , anticipate , plan , planning , expect , believe , will likely , should , could , would , may or words or expressions of similar meaning . such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company ' s actual results and financial position to differ materially from those included within the forward - looking statements . forward - looking statements involve risks and uncertainties , including those relating to the company ' s ability to grow its business . actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance . the potential risks and uncertainties include , among others , the company ' s limited financial resources , domestic or global economic conditions - - especially those relating to china , activities of competitors and the presence of new or additional competition , and changes in federal or state laws , restrictions and regulations on doing business in a foreign country , in particular china , and conditions of equity markets . more information about the potential factors that could affect the company ' s business and financial results is included in the company ' s filings , available via the united states securities and exchange commission .
contact :
pacific rim partners for sunwin international
phone : 954 - 724 - 2944
sunwin international neutraceuticals , inc . 6 youpeng rd . qufu , dhandong 273100 , china | 1 | spam | suwn poised for immediate growth ! ! ! | investor alert
special investment report on healthcare !
aggressive growth !
buy recommendation !
otc bb : suwn
target price : $ 3 . 00
vol . cxxxvii
issue 2616 march 2 , 2005
stock symbol
shares outstanding
float ( estimate )
rating
current price
12 month target price
otc bb : suwn
33 , 300 , 000
6 , 300 , 000
strong buy
$ . 16
$ 3 . 00
suwn enters trillion dollar healthcare industry !
our current recommendation is sunwin international neutraceuticals , inc . ( otcbb : suwn )
company profile
as an industry leader in agricultural processing , sunwin international neutraceuticals , inc . ( sunwin ) has built an integrated global firm with the sourcing and production capabilities to meet the needs of consumers throughout the world . sunwin is a pioneer in the research and development and production of essential traditional chinese medicine , 100 percent organic herbal medicine , nutraceutical products , natural sweetener ( stevioside ) , and animal medicine prepared from 100 % organic herbal ingredients . the company also makes such value - added products as specialty veterinary food ingredients and specialty feed ingredients . the sunwin family works closely with consumer to provide a quality , value , and a hybrid mix of agricultural products and services that meet growing demand .
in 2002 , sunwin was recognized as one of the first 2 , 000 state - level companies that china authorized as the most important innovative high - tech pioneer businesses by the china central government . in 2002 , sunwin was awarded as one of 2002 state - level biological product manufacturers in china . in 2003 , sunwin ranked as one of the top 50 companies of china animal related health care product pharmaceutical industry in terms of sales by the ministry of agriculture of china . in 2003 , sunwin received the award of shandong top ten innovative , high - tech businesses by the province government of shandong .
investment opinion
- warren buffett said u . s . stocks are too expensive and he poured a chunk of his money into china . that ' s especially important now , since warren buffett made such big news with his huge china investment . everyone knows what happens when mr . buffett gets into a market , it usually explodes . mr . buffett ' s strong move also means that every charlatan stock advisor in the u . s . will now be trying to sell you some sort of hot chinese investment . but they don ' t have what we have . they don ' t have a network of analysts already on the ground in china doing the hard work for you . the fortunes made on the american stock markets in the late 1990 s will look paltry when compared to the profit explosion that ' s set to blast out of china in the coming years . as you ' re about to see , there ' s not a single reason not one for you to miss what should be the greatest wealth creation opportunity of your lifetime .
- you know what happens when warren buffett gets onto a good thing , everybody gets rich . warren buffett has gotten into china , here ' s what the respected bloomberg news said about that . these excerpts come from a may 22 , 2003 bloomberg news wire story : warren buffett ' s search for cheap stocks has brought his to a surprising place : china . a month after telling berkshire hathaway shareholders that shares of u . s . companies were too expensive , buffett ' s company upped its stake in petrochina . ( it now owns 13 . 35 % of the company . ) .
- it ' s clear that china is the place for you to be now and in the coming years . the profits will be stunning , but only if you ' re aligned with an expert team that puts you into the best chinese companies first . one reason for that sweet number is because sunwin ' s product is of such high quality . in fact , its customers during the past year as divided equally between major suppliers in japan and china . and suwn has a nice mix of both local and export customers . last year , they had sales to the local chinese domestic , exports to japan 20 % and exports to other foreign countries . when suwn ' s natural sweetener penetrates the us markets , it will take some market share of synthetic sweetener . even natural sweetener takes a tiny fraction of market share of synthetic sweetener in the us ; it could means tens of millions of dollars to suwn . suwn will add a new manufacturing line for its natural sweetener in 2004 / 2005 that should make 300 tons of highly purified natural sweetener . it will add $ 9 million to $ 12 million in sales and $ 2 to $ 3 million in net income . this is why betting on suwn is a sure thing to win huge ! they ' re testimony to a management team that has excellent control over suwn ' s cost of goods sold and operating expenses . this is a well - run company that we should assume , will continue this path and grow by acquiring more top - quality beet sugar producers as well .
- we believe the suwn story will get a lot of attention in the investment community in the coming months . the average company on this list in this industry has a market cap valued at 7 . 17 x revenues . on this ground alone , we should expect suwn market cap to be $ 89 million , or $ 2 . 63 per share ! the average of pe ratio in the industry is 27 . 1 . on this ground alone , it will give suwn stock valued at $ 1 per share . the average ratio of price / earning / growth in the industry on the list is 1 . 1 . on this ground alone , we should expect suwn to be $ 3 per share . an average valuation will value suwn at $ 2 per share . we believe that it is just a matter of time before suwn , an undervalued stock with tremendous upside potential , will be recognized by wall street , and then the stock price will soar to a much higher level when it is listed on the amex !
investor alert is an independent research firm . this report contains forward - looking statements . past performance does not guarantee future results . this report is based on ia , independent analysis , and may , or may not be the opinion of investor alert , but also relies on information supplied by sources believed to be reliable . ia has been retained by a third party and has been paid $ 25 , 000 . 00 cash for this report . investor alert and / or individuals thereof may have positions in securities referred to herein and may make purchases or sales at any time . the information contained in this report is for information purposes only , and should not be construed as an offer or solicitation to buy or sell any security . investors should consult with an investment professional before investing any monies period . copyright 2004 ia all rights reserved .
press release for immediate release
sunwin international neutraceuticals signs the letter of intent to acquire controlling interest of jining stevia manufacturing company
fort lauderdale , fl , march 2 , 2005 ( business wire ) - sunwin international neutraceuticals , inc . ( otcbb : suwn ) , a leading manufacturer of chinese herbs , veterinary medicines and low calorie natural sweetener ( stevia ) in china , announced today it has signed the letter of intent to acquire 55 % controlling interest of jining stevia manufacturing company via a stock exchange on the basis of net tangible assets of jining stevia manufacturing company . completion of the transaction is subject to the negotiation and execution of a mutually satisfactory stock exchange agreement , receipt of audited financial statements of the company to be acquired , receipt of necessary corporate approval by both parties , satisfactory completion of due diligence and other customary conditions of closing .
with the combined production of the two companies , sunwin will produce approximately 800 tons of stevia per year or approximately 50 % of the worldwide production , based on 2004 numbers . stevia is becoming a mainstay of the extreme no - carb sweetener market worldwide . the current production of approximately 1 , 600 tons per year worldwide will not meet the dramatically increasing demand worldwide , especially in the us .
tongtong lin , newly appointed sunwin ' s ceo , commented , our goal is to increase our leading position in the production of stevia . the low calorie sweetener market is a multi - billion dollar global market of both synthetic and natural sweeteners . we believe the natural , low calorie sweetener stevia will eventually replace the demand for synthetic sweeteners worldwide in the near future . natural sweeteners provide what most users feel is a far superior taste than synthetic sweeteners without having the side effects to human organs and systems as synthetic sweetener have our current combined production of natural sweetener will accounts for approximately 50 % of worldwide production . with an increasingly price of stevia at $ 35 , 000 per ton , the acquisition will allow us to generate over $ 28 million in sales and with an anticipated $ 3 million in net income from the production of stevioside alone .
about sunwin international neutraceuticals , inc .
sunwin international neutraceuticals , inc . ( sunwin ) is engaged in the areas of essential traditional chinese medicine , 100 % organic herbal medicine , neutraceutical products , natural sweetener ( stevia ) , and animal medicine prepared from 100 % organic herbal ingredients . as an industry leader in agricultural processing , sunwin has built an integrated global firm with the sourcing and production capabilities to meet the needs of consumers throughout the world . sunwin also makes such value - added products as specialty veterinary food ingredients and specialty feed ingredients . the sunwin family works closely with consumers to provide a quality , value , and a hybrid mix of agricultural products and services that meet growing demand . in 2002 , sunwin was recognized as one of the first 2 , 000 state - level companies that china authorized as the most important innovative high - tech pioneer businesses by the chinese central government . in 2002 , sunwin was awarded as one of 2002 state - level biological product manufacturers in china . in 2003 , sunwin ranked as one of the top 50 companies of china animal related health care product pharmaceutical industry . in 2003 , sunwin received award of shandong top - ten innovative , high - tech businesses by the province government of shandong .
safe harbor statement
certain of the statements set forth in this press release constitute forward - looking statements . forward - looking statements include , without limitation , any statement that may predict , forecast , indicate , or imply future results , performance or achievements , and may contain the words estimate , project , intend , forecast , anticipate , plan , planning , expect , believe , will likely , should , could , would , may or words or expressions of similar meaning . such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company ' s actual results and financial position to differ materially from those included within the forward - looking statements . forward - looking statements involve risks and uncertainties , including those relating to the company ' s ability to grow its business . actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance . the potential risks and uncertainties include , among others , the company ' s limited financial resources , domestic or global economic conditions - - especially those relating to china , activities of competitors and the presence of new or additional competition , and changes in federal or state laws , restrictions and regulations on doing business in a foreign country , in particular china , and conditions of equity markets . more information about the potential factors that could affect the company ' s business and financial results is included in the company ' s filings , available via the united states securities and exchange commission .
contact :
pacific rim partners for sunwin international
phone : 954 - 724 - 2944
sunwin international neutraceuticals , inc . 6 youpeng rd . qufu , dhandong 273100 , china
| 2005-03-05T00:00:00 |
5,266 | new basis report bhavna :
the basis report has been updated to cover 2000 prices . it is called
basisnw 7 . xls and is in the erg database .
it looks to be working correctly , but of course without data it is a little
hard to confirm . as always , it is ultimately your job to verify that the
numbers reported are correct . lemme know if there are problems .
it is easy to change the spreadsheet to start a new year . you should keep
this mail message as a reference .
1 ) add 12 to the expression in " printmacro " ! b 35 i . e . change
copy ( offset ( henrycash , 12 * againstyear + 63 , i , 12 , 1 ) ) to
2 ) define a new cell reference on the basis page for the first date to be
printed out on the report page . for example , last year , the basis report
went from jan 93 to dec 1999 . in basisnw 6 . xls there is a name " jan 93 " defined
as " basis " ! a 64 ( i . e . refers to the row where the jan 1993 basis numbers are
recorded ) . this year , in basisnw 7 . xls , i defined " jan 94 " to refer to
" basis " ! a 76 . that ' s because the basis report will now run from jan 1994 to
dec 2000 .
3 ) change the expression in " printmacro " ! b 45 to use this new cell reference
i . e . change copy ( offset ( jan 93 , 12 * indexyear , report , 12 , 1 ) ) to
4 ) having executed steps 1 ) - 3 ) the spreadsheet will now print numbers
shifted up by one year . all that remains to do is to change the dates on the
" printformat " page to be one year more . by that i mean change 1998 to 1999 ,
1999 to 2000 , change 98 / 99 to 99 / 00 , etc . don ' t move any numbers or formulas !
that ' s it . as we discussed bhavna , while i am happy to do this for you , it
is not in your or my best interest for this to continue . please do work to
find some one in your shop to maintain this spreadsheet .
regards , and happy new year !
grant . | 0 | ham | new basis report | bhavna :
the basis report has been updated to cover 2000 prices . it is called
basisnw 7 . xls and is in the erg database .
it looks to be working correctly , but of course without data it is a little
hard to confirm . as always , it is ultimately your job to verify that the
numbers reported are correct . lemme know if there are problems .
it is easy to change the spreadsheet to start a new year . you should keep
this mail message as a reference .
1 ) add 12 to the expression in " printmacro " ! b 35 i . e . change
copy ( offset ( henrycash , 12 * againstyear + 63 , i , 12 , 1 ) ) to
2 ) define a new cell reference on the basis page for the first date to be
printed out on the report page . for example , last year , the basis report
went from jan 93 to dec 1999 . in basisnw 6 . xls there is a name " jan 93 " defined
as " basis " ! a 64 ( i . e . refers to the row where the jan 1993 basis numbers are
recorded ) . this year , in basisnw 7 . xls , i defined " jan 94 " to refer to
" basis " ! a 76 . that ' s because the basis report will now run from jan 1994 to
dec 2000 .
3 ) change the expression in " printmacro " ! b 45 to use this new cell reference
i . e . change copy ( offset ( jan 93 , 12 * indexyear , report , 12 , 1 ) ) to
4 ) having executed steps 1 ) - 3 ) the spreadsheet will now print numbers
shifted up by one year . all that remains to do is to change the dates on the
" printformat " page to be one year more . by that i mean change 1998 to 1999 ,
1999 to 2000 , change 98 / 99 to 99 / 00 , etc . don ' t move any numbers or formulas !
that ' s it . as we discussed bhavna , while i am happy to do this for you , it
is not in your or my best interest for this to continue . please do work to
find some one in your shop to maintain this spreadsheet .
regards , and happy new year !
grant . | 2000-01-10T00:00:00 |
6,248 | mid - year 2000 performance feedback note : you will receive this message each time you are selected as a reviewer .
you have been selected to participate in the mid - year 2000 performance
management process by providing meaningful feedback on specific employee ( s )
that have been identified for you . your feedback plays an important role in
the performance management process , and your participation is very critical
to the success of enron ' s performance management goals .
please provide feedback on the employee ( s ) listed below by accessing the
performance management system ( pep ) and completing an online feedback form as
described in the " performance management quick reference guide " . you may
begin your feedback input immediately . please have all feedback forms
completed by the date noted below .
if you have any questions regarding pep or your responsibility in the
process , please call the pep help desk at the following numbers :
in the u . s . : 1 - 713 - 853 - 4777 , option 4
in europe : 44 - 207 - 783 - 4040 , option 4
in canada : 1 - 403 - 974 - 6724 ( canada employees only )
or e - mail your questions to : perfmgmt @ enron . com
thank you for your participation in this important process .
the following list of employees is a cumulative list of all feedback
requests , by operating company , that have an " open " feedback status . an
employee ' s name will no longer appear once you have completed the feedback
form and select the " submit " button in pep .
review group : enron
feedback due date : jun 16 , 2000
employee name supervisor name date selected
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
ahmad , anjam dale surbey may 22 , 2000
carson , margaret m james d steffes may 26 , 2000
carson , richard l richard b buy may 22 , 2000
crenshaw , shirley j wincenty j . kaminski may 24 , 2000
ghosh , soma timothy davies may 31 , 2000
kaminski , wincenty j . david w delainey jun 05 , 2000
peyton , john a randal t maffett jun 05 , 2000
thuraisingham , ravi vasant shanbhogue may 30 , 2000
vernon , clayton j vasant shanbhogue may 26 , 2000
yuan , ding richard l carson jun 02 , 2000
zipter , rudi c theodore r murphy may 25 , 2000 | 0 | ham | mid - year 2000 performance feedback | note : you will receive this message each time you are selected as a reviewer .
you have been selected to participate in the mid - year 2000 performance
management process by providing meaningful feedback on specific employee ( s )
that have been identified for you . your feedback plays an important role in
the performance management process , and your participation is very critical
to the success of enron ' s performance management goals .
please provide feedback on the employee ( s ) listed below by accessing the
performance management system ( pep ) and completing an online feedback form as
described in the " performance management quick reference guide " . you may
begin your feedback input immediately . please have all feedback forms
completed by the date noted below .
if you have any questions regarding pep or your responsibility in the
process , please call the pep help desk at the following numbers :
in the u . s . : 1 - 713 - 853 - 4777 , option 4
in europe : 44 - 207 - 783 - 4040 , option 4
in canada : 1 - 403 - 974 - 6724 ( canada employees only )
or e - mail your questions to : perfmgmt @ enron . com
thank you for your participation in this important process .
the following list of employees is a cumulative list of all feedback
requests , by operating company , that have an " open " feedback status . an
employee ' s name will no longer appear once you have completed the feedback
form and select the " submit " button in pep .
review group : enron
feedback due date : jun 16 , 2000
employee name supervisor name date selected
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
ahmad , anjam dale surbey may 22 , 2000
carson , margaret m james d steffes may 26 , 2000
carson , richard l richard b buy may 22 , 2000
crenshaw , shirley j wincenty j . kaminski may 24 , 2000
ghosh , soma timothy davies may 31 , 2000
kaminski , wincenty j . david w delainey jun 05 , 2000
peyton , john a randal t maffett jun 05 , 2000
thuraisingham , ravi vasant shanbhogue may 30 , 2000
vernon , clayton j vasant shanbhogue may 26 , 2000
yuan , ding richard l carson jun 02 , 2000
zipter , rudi c theodore r murphy may 25 , 2000 | 2000-06-12T00:00:00 |
31,790 | = ? utf - 8 ? q ? identical narcotics ? = = ? utf - 8 ? q ? - - - gnomish monetar ? =
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fda authorized manufacturer in republic of india .
reserve up to 60 % on indian medicine .
our web - site | 1 | spam | = ? utf - 8 ? q ? identical narcotics ? = | = ? utf - 8 ? q ? - - - gnomish monetar ? =
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reserve up to 60 % on indian medicine .
our web - site
| 2005-02-14T00:00:00 |
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this pro 4 gram wo 3 rked for me . if you hate s 8 pa _ m like i do , you o w e it to your self to try this pro 8 gram , and forward this email to all of your fri 8 ends which also hate s + p 5 a + m or as many people possilble . together lets help clear the internet of s 9 p * a + m !
stop . s _ p * a 4 m in its tr . acks !
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are you sic . k of s . pending valuable time re . movi . ng the trash ?
is your ch . ild recei . ving inapprolpriate a _ dul 6 t material ?
if so you sh . ould know that no othe . r solution wo . rks
better then our softw . are to return con . trol of your
e . mail back where it belo . ngs !
ima 3 gine being abl . e to read your impor 3 tant em . ail
without loo . king thr . ough all that s 3 p + a * m . . .
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| 2004-04-24T00:00:00 |
32,100 | = ? utf - 8 ? q ? such remedy - - half - ? = = ? utf - 8 ? q ? size price ! ? =
ask for narcotics straight from
fda passed mfr . in republic of india .
hold aside up to 95 % on indian remedy .
our url | 1 | spam | = ? utf - 8 ? q ? such remedy - - half - ? = | = ? utf - 8 ? q ? size price ! ? =
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our url
| 2005-03-09T00:00:00 |
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here and enter your name into the remove box . | 1 | spam | fix your credit . . . online . | is your credit a mess ?
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here and enter your name into the remove box .
| 2002-05-20T00:00:00 |
23,257 | trade warehouse mtg - purpose fyi
- - - - - - - - - - - - - - - - - - - - - - forwarded by mary solmonson / hou / ect on 09 / 12 / 2000
08 : 47 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
vanessa schulte @ enron
09 / 11 / 2000 02 : 52 pm
to : nicki daw / na / enron @ enron
cc : joel henenberg / na / enron @ enron , mary solmonson / hou / ect @ ect , scott
williamson / hou / ect @ ect , cindy wisemiller / hou / ect @ ect
subject : trade warehouse mtg - purpose
hi nicki ,
thanks for setting up the meeting next wednesday ( 9 / 20 ) at 2 : 30 with m .
frevert , d . delainey , j . shankman , and j . lavorato . here is a brief overview
of the meeting objective :
purpose
to gain support and approval for a data warehouse vision containing
consolidated trade information with centralized access .
background
the definition of a data warehouse is a place to consolidate information
originating from multiple transaction processing systems and platforms into a
common database repository . the idea of an enron & trade warehouse 8
originated from members of the london office and has been expanded to include
the houston systems . the need for a trade warehouse stems from the
requirement of multiple departments needing to access consolidated deal
information for analytical reporting and down - stream processing . currently ,
deal information is held in separate trading systems both within product
process flows from mid to back office , and across product lines . the
information is also stored across multiple system platforms and is not easily
accessible or consistently presented across the various trading products
within enron . given this current architecture , it is very difficult and
costly to access timely , quality - assured , and consolidated cross - product deal
information for analytical reporting and down - stream processing .
proposal
houston will use the warehouse as the data source for entelligence and
numerous analytical reporting application systems . these analytical
reporting application systems can include , but are not limited to ,
operational pricing module ( opm ) , enrononline , and daily position report
( dpr ) . once the warehouse is in place , it may be used as the source for
additional downstream systems as well as investor relations reporting . | 0 | ham | trade warehouse mtg - purpose | fyi
- - - - - - - - - - - - - - - - - - - - - - forwarded by mary solmonson / hou / ect on 09 / 12 / 2000
08 : 47 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
vanessa schulte @ enron
09 / 11 / 2000 02 : 52 pm
to : nicki daw / na / enron @ enron
cc : joel henenberg / na / enron @ enron , mary solmonson / hou / ect @ ect , scott
williamson / hou / ect @ ect , cindy wisemiller / hou / ect @ ect
subject : trade warehouse mtg - purpose
hi nicki ,
thanks for setting up the meeting next wednesday ( 9 / 20 ) at 2 : 30 with m .
frevert , d . delainey , j . shankman , and j . lavorato . here is a brief overview
of the meeting objective :
purpose
to gain support and approval for a data warehouse vision containing
consolidated trade information with centralized access .
background
the definition of a data warehouse is a place to consolidate information
originating from multiple transaction processing systems and platforms into a
common database repository . the idea of an enron & trade warehouse 8
originated from members of the london office and has been expanded to include
the houston systems . the need for a trade warehouse stems from the
requirement of multiple departments needing to access consolidated deal
information for analytical reporting and down - stream processing . currently ,
deal information is held in separate trading systems both within product
process flows from mid to back office , and across product lines . the
information is also stored across multiple system platforms and is not easily
accessible or consistently presented across the various trading products
within enron . given this current architecture , it is very difficult and
costly to access timely , quality - assured , and consolidated cross - product deal
information for analytical reporting and down - stream processing .
proposal
houston will use the warehouse as the data source for entelligence and
numerous analytical reporting application systems . these analytical
reporting application systems can include , but are not limited to ,
operational pricing module ( opm ) , enrononline , and daily position report
( dpr ) . once the warehouse is in place , it may be used as the source for
additional downstream systems as well as investor relations reporting . | 2000-09-12T00:00:00 |
22,630 | re : paul quilkey enron north america corp .
from : rebecca a . mcdonald @ enron 02 / 18 / 2000 05 : 51
pm
sent by : enron announcements @ enron
to : all enron worldwide
cc :
subject : paul quilkey
please join me in congratulating paul quilkey in his new role as vice
president leading our efforts in australia . joe hirl has assumed a leading
role in the formation of our business in japan . joe also has regional
responsibility for trading activity .
paul ' s appointment is in recognition of the critical role paul has played in
enron australia ' s successful commencement and the body of outstanding work he
has accumulated to date in his career with enron . it is worth noting that
paul joined enron as recently as the associate intake of 1995 . in the short
time since then paul has developed and grown through various positions to his
current trading and origination role , a position of great responsibility in a
dynamic young business making aggressive inroads into the australian market ,
and far from enron ' s traditional us markets .
please join me in congratulating paul on his appointment .
rebecca | 0 | ham | re : paul quilkey | enron north america corp .
from : rebecca a . mcdonald @ enron 02 / 18 / 2000 05 : 51
pm
sent by : enron announcements @ enron
to : all enron worldwide
cc :
subject : paul quilkey
please join me in congratulating paul quilkey in his new role as vice
president leading our efforts in australia . joe hirl has assumed a leading
role in the formation of our business in japan . joe also has regional
responsibility for trading activity .
paul ' s appointment is in recognition of the critical role paul has played in
enron australia ' s successful commencement and the body of outstanding work he
has accumulated to date in his career with enron . it is worth noting that
paul joined enron as recently as the associate intake of 1995 . in the short
time since then paul has developed and grown through various positions to his
current trading and origination role , a position of great responsibility in a
dynamic young business making aggressive inroads into the australian market ,
and far from enron ' s traditional us markets .
please join me in congratulating paul on his appointment .
rebecca | 2000-02-19T00:00:00 |
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27,302 | considered unsolicited bulk email from you your message to :
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19,369 | super - discounts on cialis and other drugs up to 80 % savings on xanax , valium , phentermine , viagra
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transplantation cull selfridge breastplate crust sloan bowstring antonio darry canberra persia goldfinch predilect steely shuck gilmore wang ammonium iroquois filtrate flint standard evade documentary capitulate dogma bugaboo cohen doublet despoil irreproachable athenian filth servietteir ally depict alien enos armadillo bison digestion wale preemption joyful konrad anomalous answer greatcoat tragic drugging smugscandium manfred bauhaus grievance ccny assiduous stromberg budge clannish ate anionic michelson duck gibberish alphanumeric pidgin gloucester asparticinhibitory cretan ineducable puddly eightfold hop rap carolina database e . g nasty blvd medial lamb dictate | 2004-07-15T00:00:00 |
1,667 | the new power company ; reserved share program enron u . s employees :
a registration statement relating to a proposed initial public offering of
shares of common stock of tnpc , inc . ( tnpc ) , an affiliate of enron corp . , has
been filed with the securities and exchange commission . in connection with
the proposed offering , tnpc has arranged to reserve a limited number of
shares of tnpc ' s common stock for purchase by enron u . s . employees and
certain other individuals ( reserved share program ) . if you have any interest
in further information regarding the reserved share program , which has a
deadline of october 2 , 2000 , please execute the link to the following site
where you will find a preliminary prospectus , a letter explaining the
program , an expression of interest form , and an nasd questionnaire related to
the offering :
note : in the event that you are unable to execute the above link , please
copy the link to the address line of your installed browser .
the following statements are required to be included in this e - mail by the
rules and regulations of the securities and exchange commission :
" a registration statement relating to the shares has been filed with the
securities and exchange commission but has not yet become effective . these
securities may not be sold nor may offers to buy be accepted prior to the
time the registration statement becomes effective . this e - mail shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sales of these securities in any state in which such offer ,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state . "
" no offer to buy the securities can be accepted and no part of the purchase
price can be received until the registration statement has become effective ,
and any such offer may be withdrawn or revoked , without obligation or
commitment of any kind , at any time prior to notice of its acceptance given
after the effective date . an indication of interest in response to this
advertisement will involve no obligation or commitment of any kind . " | 0 | ham | the new power company ; reserved share program | enron u . s employees :
a registration statement relating to a proposed initial public offering of
shares of common stock of tnpc , inc . ( tnpc ) , an affiliate of enron corp . , has
been filed with the securities and exchange commission . in connection with
the proposed offering , tnpc has arranged to reserve a limited number of
shares of tnpc ' s common stock for purchase by enron u . s . employees and
certain other individuals ( reserved share program ) . if you have any interest
in further information regarding the reserved share program , which has a
deadline of october 2 , 2000 , please execute the link to the following site
where you will find a preliminary prospectus , a letter explaining the
program , an expression of interest form , and an nasd questionnaire related to
the offering :
note : in the event that you are unable to execute the above link , please
copy the link to the address line of your installed browser .
the following statements are required to be included in this e - mail by the
rules and regulations of the securities and exchange commission :
" a registration statement relating to the shares has been filed with the
securities and exchange commission but has not yet become effective . these
securities may not be sold nor may offers to buy be accepted prior to the
time the registration statement becomes effective . this e - mail shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sales of these securities in any state in which such offer ,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state . "
" no offer to buy the securities can be accepted and no part of the purchase
price can be received until the registration statement has become effective ,
and any such offer may be withdrawn or revoked , without obligation or
commitment of any kind , at any time prior to notice of its acceptance given
after the effective date . an indication of interest in response to this
advertisement will involve no obligation or commitment of any kind . " | 2000-09-22T00:00:00 |
7,213 | from vicky windsor dear vince ,
how are you ? well i hope .
i hope you don , t mind me writing to you . you may remember that 5 months ago
i left risk publications and moved to a charity . having been here for only a
few months , i have decided that this job is not for me ( i miss the buzz of a
corporate office ) and i have decided to move back into the corporate sector .
because of my previous experience and knowledge of the energy sector , i am
very interested in moving into this area . i have always thought that it
would be great to work for enron because it is such a dynamic company and i
am planning to approach the london office to discuss any opportunities ,
which might be available . i am particularly interested in product marketing
and research , although i am very open - minded at the moment . i wondered
whether you could recommend the right person to speak to in london .
i know that you are incredibly busy , but any help you can give me would be
fantastic vince .
thanks and best regards ,
vicky windsor
get your private , free e - mail from msn hotmail at http : / / www . hotmail . com .
share information about yourself , create your own public profile at
http : / / profiles . msn . com . | 0 | ham | from vicky windsor | dear vince ,
how are you ? well i hope .
i hope you don , t mind me writing to you . you may remember that 5 months ago
i left risk publications and moved to a charity . having been here for only a
few months , i have decided that this job is not for me ( i miss the buzz of a
corporate office ) and i have decided to move back into the corporate sector .
because of my previous experience and knowledge of the energy sector , i am
very interested in moving into this area . i have always thought that it
would be great to work for enron because it is such a dynamic company and i
am planning to approach the london office to discuss any opportunities ,
which might be available . i am particularly interested in product marketing
and research , although i am very open - minded at the moment . i wondered
whether you could recommend the right person to speak to in london .
i know that you are incredibly busy , but any help you can give me would be
fantastic vince .
thanks and best regards ,
vicky windsor
get your private , free e - mail from msn hotmail at http : / / www . hotmail . com .
share information about yourself , create your own public profile at
http : / / profiles . msn . com . | 2000-10-11T00:00:00 |
16,021 | here you go of mark use . us , until either , table , material problem . kill
character wait present end . side use , since let hand bed . went
method sit know me , know . must letter , red . rich but , method
early also are . plan stead play . get son face , interest fight .
- -
phone : 153 - 895 - 4532
mobile : 835 - 857 - 1872
email : woodrow . byrne @ dogmail . org | 1 | spam | here you go | of mark use . us , until either , table , material problem . kill
character wait present end . side use , since let hand bed . went
method sit know me , know . must letter , red . rich but , method
early also are . plan stead play . get son face , interest fight .
- -
phone : 153 - 895 - 4532
mobile : 835 - 857 - 1872
email : woodrow . byrne @ dogmail . org
| 2005-03-19T00:00:00 |
25,539 | need an outstanding logo now ? working on your company ' s image ? start with a
visual identity a key to the first good impression . we are here to
help you ! we ' ll take part in buiiding a positive visuai image
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see what we have to offer . we work for you !
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ not interested . . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ | 1 | spam | need an outstanding logo now ? | working on your company ' s image ? start with a
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see what we have to offer . we work for you !
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ not interested . . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ | 2005-06-25T00:00:00 |
26,811 | pepsi * vs coke * - which cola do you prefer ? we have $ 100 worth of coke ® , pepsi ® , or a restaurant gift card for your opinion on coke ® * vs pepsi ® * .
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owbnyycu | 2005-07-13T00:00:00 |
16,922 | new services customer group ,
just wanted to let you know that beginning thursday , 7 / 26 , we have a new services customer on board . they are called nove investments , they are a 2 mw landfill generator in npl 5 . they will be prescheduled day - ahead for the most part , so there won ' t be much real - time action required ( unless they suffer a unit outage ) . all their information ( such as unit id , preschedule , and contact person ) will be on their services sheet in the services book .
thanks ,
stan | 0 | ham | new services customer | group ,
just wanted to let you know that beginning thursday , 7 / 26 , we have a new services customer on board . they are called nove investments , they are a 2 mw landfill generator in npl 5 . they will be prescheduled day - ahead for the most part , so there won ' t be much real - time action required ( unless they suffer a unit outage ) . all their information ( such as unit id , preschedule , and contact person ) will be on their services sheet in the services book .
thanks ,
stan | 2001-07-25T00:00:00 |
12,567 | top marketer volumes still showing tremendous growth , ngi says fyi -
- - - - - original message - - - - -
from : djcustomclips @ djinteractive . com
sent : thu 8 / 23 / 2001 11 : 38 am
to : 168842 @ mailman . enron . com
cc :
subject : rahil jafry : top marketer volumes still showing tremendous growth , ngi says
top marketer volumes still showing tremendous growth , ngi says
08 / 23 / 2001
business wire
( copyright ( c ) 2001 , business wire )
dulles , va . - - ( business wire ) - - aug . 23 , 2001 - - north america ' s top 20 largest
natural gas marketers showed a greater than 20 % increase in volume - - up 31
bcf / d - - during the second quarter to 168 . 9 bcf / d .
only coral , pg & e , williams and exxonmobil reported slight decreases compared
to the second quarter of 2000 , according to ngi ' s quarterly ranking of the
companies based on volume .
" we ' re seeing a lot more electronic trading , " said ben schlesinger of
maryland - based schlesinger & associates in explaining the causes of the
continued growth . " enrononline is still seeing growth and so is ice
( ) . i also think we are seeing a lot more financial
trading as well . there was plenty in the last year or two , but i think one
thing that has continued to change is the real upsurge in the kinds of risk
trading that these guys are offering . that ' s a movement that ' s likely to
continue in the both the gas and electricity markets . "
the largest volume and percentage increases among the top 20 were shown by
american electric power , bp , mirant , el paso , pancanadian and reliant . aep
jumped from 18 th in ngi ' s ranking in the second quarter 2000 to 10 th in 2 q 2001
with a 5 . 5 bcf / d increase ( 179 % ) . bp moved up to second place from fifth with
a 4 . 9 bcf / d increase ( 66 . 2 % ) .
bp ' s second - place volumes , at 12 . 3 bcf / d were only half of enron ' s 25 . 3
bcf / d . mirant came in third with a 4 . 1 bcf / d rise ( 53 % ) to 11 . 8 bcf / d . although
el paso posted 51 % volume growth ( 3 . 1 bcf / d ) , it was pushed down by several
other rapidly growing companies to the 9 th place from no . 2 .
filling in the top 10 were reliant in fourth place , duke in fifth , dynegy
sixth , aquila seventh and sempra eighth , according to ngi ' s tally .
" volumes aren ' t perfect , but they are the best and most clear thing that we
have in terms of gauging the size of these business , " credit suisse first
boston analyst curt launer told natural gas intelligence . " that growth you are
seeing is going to continue . this is an industry which really is only reaching
one third of the market that is out there for it . if you total all of the
things that these companies are doing right now , they really are only
addressing about $ 100 billion worth of what is really a north of $ 300 billion
u . s . energy market . there ' s probably three to five years worth left of
excellent growth because you are going to have a tripling of the market that
these companies address over the next several years before you and i have to
have a conversation about who has a better business model or who really can
gain market share and is doing things better than anyone else . "
to read the complete marketer rankings and other industry information and
prices , please sign up for a free trial at . you
will have four weeks free access to natural gas intelligence , ngi ' s daily gas
price index and ngi ' s power market today , with price data , news archive
searching and graphing capabilities .
contact : natural gas intelligence
cathleen behan , 703 / 318 - 8848
11 : 27 edt august 23 , 2001
folder name : rahil jafry
relevance score on scale of 100 : 82
to review or revise your folder , visit or contact dow jones customer service by e - mail at custom . news @ bis . dowjones . com or by phone at 800 - 369 - 7466 . ( outside the u . s . and canada , call 609 - 452 - 1511 or contact your local sales representative . )
copyright ( c ) 2001 dow jones & company , inc . all rights reserved | 0 | ham | top marketer volumes still showing tremendous growth , ngi says | fyi -
- - - - - original message - - - - -
from : djcustomclips @ djinteractive . com
sent : thu 8 / 23 / 2001 11 : 38 am
to : 168842 @ mailman . enron . com
cc :
subject : rahil jafry : top marketer volumes still showing tremendous growth , ngi says
top marketer volumes still showing tremendous growth , ngi says
08 / 23 / 2001
business wire
( copyright ( c ) 2001 , business wire )
dulles , va . - - ( business wire ) - - aug . 23 , 2001 - - north america ' s top 20 largest
natural gas marketers showed a greater than 20 % increase in volume - - up 31
bcf / d - - during the second quarter to 168 . 9 bcf / d .
only coral , pg & e , williams and exxonmobil reported slight decreases compared
to the second quarter of 2000 , according to ngi ' s quarterly ranking of the
companies based on volume .
" we ' re seeing a lot more electronic trading , " said ben schlesinger of
maryland - based schlesinger & associates in explaining the causes of the
continued growth . " enrononline is still seeing growth and so is ice
( ) . i also think we are seeing a lot more financial
trading as well . there was plenty in the last year or two , but i think one
thing that has continued to change is the real upsurge in the kinds of risk
trading that these guys are offering . that ' s a movement that ' s likely to
continue in the both the gas and electricity markets . "
the largest volume and percentage increases among the top 20 were shown by
american electric power , bp , mirant , el paso , pancanadian and reliant . aep
jumped from 18 th in ngi ' s ranking in the second quarter 2000 to 10 th in 2 q 2001
with a 5 . 5 bcf / d increase ( 179 % ) . bp moved up to second place from fifth with
a 4 . 9 bcf / d increase ( 66 . 2 % ) .
bp ' s second - place volumes , at 12 . 3 bcf / d were only half of enron ' s 25 . 3
bcf / d . mirant came in third with a 4 . 1 bcf / d rise ( 53 % ) to 11 . 8 bcf / d . although
el paso posted 51 % volume growth ( 3 . 1 bcf / d ) , it was pushed down by several
other rapidly growing companies to the 9 th place from no . 2 .
filling in the top 10 were reliant in fourth place , duke in fifth , dynegy
sixth , aquila seventh and sempra eighth , according to ngi ' s tally .
" volumes aren ' t perfect , but they are the best and most clear thing that we
have in terms of gauging the size of these business , " credit suisse first
boston analyst curt launer told natural gas intelligence . " that growth you are
seeing is going to continue . this is an industry which really is only reaching
one third of the market that is out there for it . if you total all of the
things that these companies are doing right now , they really are only
addressing about $ 100 billion worth of what is really a north of $ 300 billion
u . s . energy market . there ' s probably three to five years worth left of
excellent growth because you are going to have a tripling of the market that
these companies address over the next several years before you and i have to
have a conversation about who has a better business model or who really can
gain market share and is doing things better than anyone else . "
to read the complete marketer rankings and other industry information and
prices , please sign up for a free trial at . you
will have four weeks free access to natural gas intelligence , ngi ' s daily gas
price index and ngi ' s power market today , with price data , news archive
searching and graphing capabilities .
contact : natural gas intelligence
cathleen behan , 703 / 318 - 8848
11 : 27 edt august 23 , 2001
folder name : rahil jafry
relevance score on scale of 100 : 82
to review or revise your folder , visit or contact dow jones customer service by e - mail at custom . news @ bis . dowjones . com or by phone at 800 - 369 - 7466 . ( outside the u . s . and canada , call 609 - 452 - 1511 or contact your local sales representative . )
copyright ( c ) 2001 dow jones & company , inc . all rights reserved | 2001-08-23T00:00:00 |
6,728 | var , reporting and resources meeting the below meeting is going to take place today in eb 32 c 2 .
thanks ,
rain
- - - - - - - - - - - - - - - - - - - - - - forwarded by rita hennessy / na / enron on 08 / 08 / 2000
09 : 15 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
barbara lewis @ ect
06 / 19 / 2000 10 : 25 am
to : sally beck / hou / ect @ ect , vladimir gorny / hou / ect @ ect , grant
masson / hou / ect @ ect , michael e moscoso / hou / ect @ ect , ted murphy / hou / ect @ ect ,
beth perlman / hou / ect @ ect , stephen stock / hou / ect @ ect
cc : patti thompson / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , maria
sandoval / hou / ect @ ect , rita hennessy / na / enron @ enron , cherylene r
westbrook / hou / ect @ ect , giselle james / corp / enron @ enron
subject : reoccurring meeting
the meeting to discuss " var , reporting and resources ii " will take place
every tuesday at 3 : 00 p . m . beginning june 27 , 2000 .
please adjust your schedule to reflect this weekly reoccurring meeting .
many thanks ,
barbara lewis | 0 | ham | var , reporting and resources meeting | the below meeting is going to take place today in eb 32 c 2 .
thanks ,
rain
- - - - - - - - - - - - - - - - - - - - - - forwarded by rita hennessy / na / enron on 08 / 08 / 2000
09 : 15 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
barbara lewis @ ect
06 / 19 / 2000 10 : 25 am
to : sally beck / hou / ect @ ect , vladimir gorny / hou / ect @ ect , grant
masson / hou / ect @ ect , michael e moscoso / hou / ect @ ect , ted murphy / hou / ect @ ect ,
beth perlman / hou / ect @ ect , stephen stock / hou / ect @ ect
cc : patti thompson / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , maria
sandoval / hou / ect @ ect , rita hennessy / na / enron @ enron , cherylene r
westbrook / hou / ect @ ect , giselle james / corp / enron @ enron
subject : reoccurring meeting
the meeting to discuss " var , reporting and resources ii " will take place
every tuesday at 3 : 00 p . m . beginning june 27 , 2000 .
please adjust your schedule to reflect this weekly reoccurring meeting .
many thanks ,
barbara lewis | 2000-08-08T00:00:00 |
9,532 | fw : memo : re : your work phone number hi ,
i am forwarding an email from a former bnp paribas colleague of mine who now works at hsbc .
can you please advise ?
thanks ,
iris
- - - - - original message - - - - -
from : antonella . saulle @ hsbcib . com @ enron [ mailto : imceanotes - antonella + 2 esaulle + 40 hsbcib + 2 ecom + 40 enron @ enron . com ]
sent : tuesday , may 22 , 2001 1 : 30 am
to : mack , iris
subject : memo : re : your work phone number
iris
i would like you to put me in contact with s / one at enron here in london that
deals with weather derivatives and would be in a position to sell us options on
weather derivatives ( temperature , cat ) . let me know if you are able to do that
or if i need to work internally here in order to find out whom we have contacts
with at enron .
if you want to call me my direct line is + 44 207 336 - 2836 . alternatively i could
call you but do bear in mind that i leave the office around 6 : 30 - 7 pm london
time . send me an email and let me know when is a good time to talk and i will
call you back .
thanks in advance .
antonella
this transmission has been issued by a member of the hsbc group ( " hsbc " )
for the information of the addressee only and should not be reproduced
and / or distributed to any other person . each page attached hereto must
be read in conjunction with any disclaimer which forms part of it . unless
otherwise stated , this transmission is neither an offer nor the solicitation
of an offer to sell or purchase any investment . its contents are based on
information obtained from sources believed to be reliable but hsbc makes
no representation and accepts no responsibility or liability as to its
completeness or accuracy . | 0 | ham | fw : memo : re : your work phone number | hi ,
i am forwarding an email from a former bnp paribas colleague of mine who now works at hsbc .
can you please advise ?
thanks ,
iris
- - - - - original message - - - - -
from : antonella . saulle @ hsbcib . com @ enron [ mailto : imceanotes - antonella + 2 esaulle + 40 hsbcib + 2 ecom + 40 enron @ enron . com ]
sent : tuesday , may 22 , 2001 1 : 30 am
to : mack , iris
subject : memo : re : your work phone number
iris
i would like you to put me in contact with s / one at enron here in london that
deals with weather derivatives and would be in a position to sell us options on
weather derivatives ( temperature , cat ) . let me know if you are able to do that
or if i need to work internally here in order to find out whom we have contacts
with at enron .
if you want to call me my direct line is + 44 207 336 - 2836 . alternatively i could
call you but do bear in mind that i leave the office around 6 : 30 - 7 pm london
time . send me an email and let me know when is a good time to talk and i will
call you back .
thanks in advance .
antonella
this transmission has been issued by a member of the hsbc group ( " hsbc " )
for the information of the addressee only and should not be reproduced
and / or distributed to any other person . each page attached hereto must
be read in conjunction with any disclaimer which forms part of it . unless
otherwise stated , this transmission is neither an offer nor the solicitation
of an offer to sell or purchase any investment . its contents are based on
information obtained from sources believed to be reliable but hsbc makes
no representation and accepts no responsibility or liability as to its
completeness or accuracy . | 2001-05-22T00:00:00 |
3,838 | up to 80 pnrecet off on meedication only here , paliourg . i ' m sure it will come off : ) life is a succession of lessons which must be lived to be understood .
paliourg , looking for a source to shop for medicatiymon ? best viagkpra and cialjwis .
quick weight ( conclusional volitiency ) loss and anti depressant medicatidgon ! best cost on valiubjm and xanamrx .
best deals , 80 pnceret off ! we ship wdorlwidego here and get it : http : / / selcydc . com / dl 3 / index . php ? id = dl 3 you are totally anonymous !
ambition if it feeds at all , does so on the ambition of others . when you fear a foe , fear crushes your strength and this weakness gives strength to your opponents . | 1 | spam | up to 80 pnrecet off on meedication only here , paliourg . | i ' m sure it will come off : ) life is a succession of lessons which must be lived to be understood .
paliourg , looking for a source to shop for medicatiymon ? best viagkpra and cialjwis .
quick weight ( conclusional volitiency ) loss and anti depressant medicatidgon ! best cost on valiubjm and xanamrx .
best deals , 80 pnceret off ! we ship wdorlwidego here and get it : http : / / selcydc . com / dl 3 / index . php ? id = dl 3 you are totally anonymous !
ambition if it feeds at all , does so on the ambition of others . when you fear a foe , fear crushes your strength and this weakness gives strength to your opponents . | 2004-03-09T00:00:00 |
31,375 | wall street news investor aiert - l r c j - brand new stock for your attention
lauraan corporation - stock symbol : l r c j
breaking news released by the company on friday - watch
out the stock go crazy on friday morning 21 th of january .
current price : $ 0 . 13
did your portfolio have a stock move like this one !
l r c j has been moving up since january 17 th . wiil it continue higher ?
lauraan corporation ( lauraan ) is a premier provider of home
entertainment and home automation products and services to the new home market .
the company seils primarily through homebuilders to homebuyers who are
building homes in the $ 300 k , and up range .
lauraan is an early stage company in the process of deveioping its
business , nationwide , through acquisitions of existing home technoiogy
companies in seiect markets throughout the country . the company has an
experienced management team that has years of experience in the home
technoiogy industry .
current price : $ 0 . 13
current status
lauraan has completed its first acquisition , syslync of georgia
( georgia ) . the company pians to acquire 3 more locations in the next 4 months
( lois are negotiated and ready to be announced . ) georgia currently has
annualized revenues of $ 5 ook and is expected to double its monthiy
revenue in the next 6 months . the three next acquisitions wi | | add an
additional $ 2 . 5 million in revenue .
long - term strategy
the company pians to raise funds to make acquisitions throughout
strategic new home markets and create a national brand with revenues of
$ 5 o - 75 miilion by 2007 . lauraan wil | be recognized for its quaiity of
service , vaiue provided , and the simpiicity of its soiutions .
breaking news : lauraan corporation announces new servicing and buiider
agreements
grapevine , texas , jan 14 , 20 o 5 / prnewswire - firstcal | via comtex / - -
lauraan corporation ( l r c j ) ( " lauraan " ) , a provider of home
entertainment and automation products for the new home market , announced today that
their wholiy - owned subsidiary , sysiync of georgia , ( sysiync ) has
completed an exciusive agreement with certicom , inc . a nationa | provider of
home and commercial security systems , to service their residential
accounts in the atlanta area . in addition , syslync has been named the soie
installer for new insta | | ations of residential aiarms for certicom and
wil | be their provider of other home technology products too .
syslync aiso announced today that they were seiected as the preferred
provider of home technology products and services for atlanta - based lou
freeman properties , inc . , a deveioper and builder of custom homes in
the $ 2 oo , ooo to $ 1 , ooo , ooo pius , range .
" these two agreements wi | | more than double the homes we touch
throughout the atlanta area , " stated david watson , general manager of sysiync ,
" and the agreements wiil provide sysiync with steady , recurring revenue
streams important to our profitabiiity . "
lauraan is a home entertainment and technology soiutions provider that
offers builders and homeowners a single source for their audio / video ,
home theater , security , computer and home automation needs . through its
company - owned stores , lauraan subsidiaries work directiy with builders
and homeowners , to design and instal | home technoiogy solutions that f
i t the homeowner ' s | ifestyle and budget .
safe harbor act discl @ imer : this press reiease contains forward - looking
statements within the meaning of section 27 a of the securities act of
1933 , as amended , and section 21 e of the securities exchange act of
1934 , as amended ( the " exchange act " ) , and as such , may invoive risks and
uncertainties . forward - | ooking statements , which are based on certain
assumptions and describe future pians , strategies , and expectations , are
generaily identifiabie by the use of words such as " believe , " " expect , "
" intend " " anticipate , " " estimate , " " project , " or simiiar expressions .
these forward - | ooking statements reiate to , among other things ,
expectations of the business environment in which the company operates ,
projections of future performance , potentia | future performance , perceived
opportunities in the market , and statements regarding the company ' s
mission and vision . the company ' s actua | resuits , performance , and
achievements may differ materia | | y from the resuits , performance , and
achievements expressed or implied in such forward - | ooking statements due to a
wide range of factors which are set forth in our annua | report on form
10 - ksb on file with the sec .
read this legal notes before you do anything eise :
information within this emai | contains " forward | ooking statements "
within the meaning of section 27 a of the securities act of 1933 and
section 21 b of the securities exchange act of 1934 . any statements that
express or invoive discussions with respect to predictions , goals ,
expectations , beiiefs , pians , projections , objectives , assumptions or future
events or performance are not statements of historical fact and may be
" forward | ooking statements . " forward looking statements are based on
expectations , estimates and projections at the time the statements are made
that invoive a number of risks and uncertainties which could cause
actual results or events to differ materially from those presentiy
anticipated . forward looking statements in this action may be identified
through the use of words such as : " projects " , " foresee " , " expects " ,
" estimates , " " beiieves , " " understands " " wiil , " " part of : " anticipates , " or that
by statements indicating certain actions " may , " " could , " or " might "
occur . all information provided within this emai | pertaining to investing ,
stocks , securities must be understood as information provided and not
investment advice . emerging equity aiert advises a | | readers and
subscribers to seek advice from a registered professiona | securities
representative before deciding to trade in stocks featured within this email .
none of the materia | within this report sha | | be construed as any kind of
investment advice . piease have in mind that the interpretation of the
witer of this newsietter about the news published by the company does
not represent the company official statement and in fact may differ from
the real meaning of what the news reiease meant to say . look the news
release by yourseif and judge by yourseif about the detaiis in it .
in compliance with section 17 ( b ) , we disclose the holding of l r c j
shares prior to the publication of this report . be aware of an inherent
confiict of interest resulting from such hoidings due to our intent to
profit from the | iquidation of these shares . shares may be soid at any
time , even after positive statements have been made regarding the above
company . since we own shares , there is an inherent conflict of interest
in our statements and opinions . readers of this pubiication are
cautioned not to piace undue reiiance on forward - | ooking statements , which are
based on certain assumptions and expectations invoiving various risks
and uncertainties , that could cause resuits to differ materiaily from
those set forth in the forward - looking statements .
piease be advised that nothing within this emai | shal | constitute a
soiicitation or an invitation to get position in or sel | any security
mentioned herein . this newsietter is neither a registered investment
advisor nor affiiiated with any broker or dealer . this newsietter was paid
$ 1956 o from third party to send this report . al | statements made are our
express opinion oniy and should be treated as such . we may own , take
position and sel | any securities mentioned at any time . this report
inciudes forward - looking statements within the meaning of the private
securities litigation reform act of 1995 . these statements may inciude terms
as " expect " , " believe " , " may " , " wiil " , " move " , " undervaiued " and
" intend " or similar terms .
if you wish to stop future mailings , or if you feel you have been
wrongfu | | y piaced in our | i s t , please go here
( - stocksmaker 88 @ yahoo . com - ) | 1 | spam | wall street news | investor aiert - l r c j - brand new stock for your attention
lauraan corporation - stock symbol : l r c j
breaking news released by the company on friday - watch
out the stock go crazy on friday morning 21 th of january .
current price : $ 0 . 13
did your portfolio have a stock move like this one !
l r c j has been moving up since january 17 th . wiil it continue higher ?
lauraan corporation ( lauraan ) is a premier provider of home
entertainment and home automation products and services to the new home market .
the company seils primarily through homebuilders to homebuyers who are
building homes in the $ 300 k , and up range .
lauraan is an early stage company in the process of deveioping its
business , nationwide , through acquisitions of existing home technoiogy
companies in seiect markets throughout the country . the company has an
experienced management team that has years of experience in the home
technoiogy industry .
current price : $ 0 . 13
current status
lauraan has completed its first acquisition , syslync of georgia
( georgia ) . the company pians to acquire 3 more locations in the next 4 months
( lois are negotiated and ready to be announced . ) georgia currently has
annualized revenues of $ 5 ook and is expected to double its monthiy
revenue in the next 6 months . the three next acquisitions wi | | add an
additional $ 2 . 5 million in revenue .
long - term strategy
the company pians to raise funds to make acquisitions throughout
strategic new home markets and create a national brand with revenues of
$ 5 o - 75 miilion by 2007 . lauraan wil | be recognized for its quaiity of
service , vaiue provided , and the simpiicity of its soiutions .
breaking news : lauraan corporation announces new servicing and buiider
agreements
grapevine , texas , jan 14 , 20 o 5 / prnewswire - firstcal | via comtex / - -
lauraan corporation ( l r c j ) ( " lauraan " ) , a provider of home
entertainment and automation products for the new home market , announced today that
their wholiy - owned subsidiary , sysiync of georgia , ( sysiync ) has
completed an exciusive agreement with certicom , inc . a nationa | provider of
home and commercial security systems , to service their residential
accounts in the atlanta area . in addition , syslync has been named the soie
installer for new insta | | ations of residential aiarms for certicom and
wil | be their provider of other home technology products too .
syslync aiso announced today that they were seiected as the preferred
provider of home technology products and services for atlanta - based lou
freeman properties , inc . , a deveioper and builder of custom homes in
the $ 2 oo , ooo to $ 1 , ooo , ooo pius , range .
" these two agreements wi | | more than double the homes we touch
throughout the atlanta area , " stated david watson , general manager of sysiync ,
" and the agreements wiil provide sysiync with steady , recurring revenue
streams important to our profitabiiity . "
lauraan is a home entertainment and technology soiutions provider that
offers builders and homeowners a single source for their audio / video ,
home theater , security , computer and home automation needs . through its
company - owned stores , lauraan subsidiaries work directiy with builders
and homeowners , to design and instal | home technoiogy solutions that f
i t the homeowner ' s | ifestyle and budget .
safe harbor act discl @ imer : this press reiease contains forward - looking
statements within the meaning of section 27 a of the securities act of
1933 , as amended , and section 21 e of the securities exchange act of
1934 , as amended ( the " exchange act " ) , and as such , may invoive risks and
uncertainties . forward - | ooking statements , which are based on certain
assumptions and describe future pians , strategies , and expectations , are
generaily identifiabie by the use of words such as " believe , " " expect , "
" intend " " anticipate , " " estimate , " " project , " or simiiar expressions .
these forward - | ooking statements reiate to , among other things ,
expectations of the business environment in which the company operates ,
projections of future performance , potentia | future performance , perceived
opportunities in the market , and statements regarding the company ' s
mission and vision . the company ' s actua | resuits , performance , and
achievements may differ materia | | y from the resuits , performance , and
achievements expressed or implied in such forward - | ooking statements due to a
wide range of factors which are set forth in our annua | report on form
10 - ksb on file with the sec .
read this legal notes before you do anything eise :
information within this emai | contains " forward | ooking statements "
within the meaning of section 27 a of the securities act of 1933 and
section 21 b of the securities exchange act of 1934 . any statements that
express or invoive discussions with respect to predictions , goals ,
expectations , beiiefs , pians , projections , objectives , assumptions or future
events or performance are not statements of historical fact and may be
" forward | ooking statements . " forward looking statements are based on
expectations , estimates and projections at the time the statements are made
that invoive a number of risks and uncertainties which could cause
actual results or events to differ materially from those presentiy
anticipated . forward looking statements in this action may be identified
through the use of words such as : " projects " , " foresee " , " expects " ,
" estimates , " " beiieves , " " understands " " wiil , " " part of : " anticipates , " or that
by statements indicating certain actions " may , " " could , " or " might "
occur . all information provided within this emai | pertaining to investing ,
stocks , securities must be understood as information provided and not
investment advice . emerging equity aiert advises a | | readers and
subscribers to seek advice from a registered professiona | securities
representative before deciding to trade in stocks featured within this email .
none of the materia | within this report sha | | be construed as any kind of
investment advice . piease have in mind that the interpretation of the
witer of this newsietter about the news published by the company does
not represent the company official statement and in fact may differ from
the real meaning of what the news reiease meant to say . look the news
release by yourseif and judge by yourseif about the detaiis in it .
in compliance with section 17 ( b ) , we disclose the holding of l r c j
shares prior to the publication of this report . be aware of an inherent
confiict of interest resulting from such hoidings due to our intent to
profit from the | iquidation of these shares . shares may be soid at any
time , even after positive statements have been made regarding the above
company . since we own shares , there is an inherent conflict of interest
in our statements and opinions . readers of this pubiication are
cautioned not to piace undue reiiance on forward - | ooking statements , which are
based on certain assumptions and expectations invoiving various risks
and uncertainties , that could cause resuits to differ materiaily from
those set forth in the forward - looking statements .
piease be advised that nothing within this emai | shal | constitute a
soiicitation or an invitation to get position in or sel | any security
mentioned herein . this newsietter is neither a registered investment
advisor nor affiiiated with any broker or dealer . this newsietter was paid
$ 1956 o from third party to send this report . al | statements made are our
express opinion oniy and should be treated as such . we may own , take
position and sel | any securities mentioned at any time . this report
inciudes forward - looking statements within the meaning of the private
securities litigation reform act of 1995 . these statements may inciude terms
as " expect " , " believe " , " may " , " wiil " , " move " , " undervaiued " and
" intend " or similar terms .
if you wish to stop future mailings , or if you feel you have been
wrongfu | | y piaced in our | i s t , please go here
( - stocksmaker 88 @ yahoo . com - ) | 2005-01-21T00:00:00 |
15,975 | mutual benefit from : dr mustapha bello
eco bank ,
rue de governeur bayol ,
cotonou , benin .
dear sir ,
re : transfer of ( usd 22 million ) .
i am dr mustapha bello , the director in charge of
auditing and accounting department of eco bank
benin , in west africa , and also the account officer
of late mr . hassan balhas ghadar , a lebanese . mr . hassan
balhas ghadar was a seasoned contractor with benin
cement company in benin republic , who unfortunately
died in the plane crash of union transport
africaines ( uta ) flight boeing 727 in cotonou , benin
republic on 25 th , december , 2003 .
you may read more stories about the crash on
visiting these websites :
before his death on the 25 th december 2003 , mr . ghadar
had a fixed deposit account with the bank and no other
person outside the bank knows about this account or
any thing concerning it . the account has no other
beneficiary and my investigation proved that his
supposed next of kin died along with him in the crash .
since then i have made several enquiries to locate any
of my clients extended relatives , this has also proved
unsuccessful . after these several unsuccessful
attempts , i decided to contact you . i am contacting
you to assist in transfering the money left behind
by my client to your nominated account before the
bank confiscates the fund .
consequently , since l have been unsuccessful in
locating the relatives for over 5 weeks now . i seek
your consent , to present you as the next of kin of
the deceased so that the proceeds of this account
valued at us $ 22 million can be paid into your
account and thereafter you and l can share the
money .
70 % to me and my colleagues and 30 % to you . i will
arrange for all the necessary legal documents that can
be used to back up the claim . all i require is your
honest co - operation to enable us see this deal
through .
i guarantee that this deal will be executed under a
legitimate arrangement that will protect you and i
from any breach of the law . all documents of this
transaction shall be destroyed immediately we receive
this money leaving no trace to any place .
if this proposal is acceptable to you , kindly email
the following information to me :
a . complete names and address .
b . private telephone number .
c . private fax number .
d . private email .
until you write , have a nice day and god bless .
yours faithfully ,
dr mustapha bello | 1 | spam | mutual benefit | from : dr mustapha bello
eco bank ,
rue de governeur bayol ,
cotonou , benin .
dear sir ,
re : transfer of ( usd 22 million ) .
i am dr mustapha bello , the director in charge of
auditing and accounting department of eco bank
benin , in west africa , and also the account officer
of late mr . hassan balhas ghadar , a lebanese . mr . hassan
balhas ghadar was a seasoned contractor with benin
cement company in benin republic , who unfortunately
died in the plane crash of union transport
africaines ( uta ) flight boeing 727 in cotonou , benin
republic on 25 th , december , 2003 .
you may read more stories about the crash on
visiting these websites :
before his death on the 25 th december 2003 , mr . ghadar
had a fixed deposit account with the bank and no other
person outside the bank knows about this account or
any thing concerning it . the account has no other
beneficiary and my investigation proved that his
supposed next of kin died along with him in the crash .
since then i have made several enquiries to locate any
of my clients extended relatives , this has also proved
unsuccessful . after these several unsuccessful
attempts , i decided to contact you . i am contacting
you to assist in transfering the money left behind
by my client to your nominated account before the
bank confiscates the fund .
consequently , since l have been unsuccessful in
locating the relatives for over 5 weeks now . i seek
your consent , to present you as the next of kin of
the deceased so that the proceeds of this account
valued at us $ 22 million can be paid into your
account and thereafter you and l can share the
money .
70 % to me and my colleagues and 30 % to you . i will
arrange for all the necessary legal documents that can
be used to back up the claim . all i require is your
honest co - operation to enable us see this deal
through .
i guarantee that this deal will be executed under a
legitimate arrangement that will protect you and i
from any breach of the law . all documents of this
transaction shall be destroyed immediately we receive
this money leaving no trace to any place .
if this proposal is acceptable to you , kindly email
the following information to me :
a . complete names and address .
b . private telephone number .
c . private fax number .
d . private email .
until you write , have a nice day and god bless .
yours faithfully ,
dr mustapha bello | 2005-03-08T00:00:00 |
2,295 | jan 1 noms - - - - - - - - - - - - - - - - - - - - - - forwarded by tom acton / corp / enron on 12 / 27 / 2000 05 : 45
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
royal _ b _ edmondson @ reliantenergy . com on 12 / 27 / 2000 04 : 00 : 02 pm
to : tacton @ enron . com , lbellamy @ enron . com , janet . h . wallis @ enron . com
cc :
subject : jan 1 noms
( see attached file : hpl - jan . xls )
- hpl - jan . xls | 0 | ham | jan 1 noms | - - - - - - - - - - - - - - - - - - - - - - forwarded by tom acton / corp / enron on 12 / 27 / 2000 05 : 45
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
royal _ b _ edmondson @ reliantenergy . com on 12 / 27 / 2000 04 : 00 : 02 pm
to : tacton @ enron . com , lbellamy @ enron . com , janet . h . wallis @ enron . com
cc :
subject : jan 1 noms
( see attached file : hpl - jan . xls )
- hpl - jan . xls | 2000-12-27T00:00:00 |
9,474 | re : grades thank you ! ?
you have been wonderful to work with this semester .
stay in touch and we ' ll see you next year .
- pam ( 713 - 348 - 6223 )
at 10 : 33 pm 5 / 4 / 01 - 0400 , vkaminski @ aol . com wrote :
pam ,
the students resent the documents .
the group members :
rakhi israni
felix feng lu
winny so
orlandotaylor
sanjay wankhade
ning zhang
grade : a
separately , i think i have sent you already :
jeffrey planck
grade : a
please , confirm this message .
vince kaminski | 0 | ham | re : grades | thank you ! ?
you have been wonderful to work with this semester .
stay in touch and we ' ll see you next year .
- pam ( 713 - 348 - 6223 )
at 10 : 33 pm 5 / 4 / 01 - 0400 , vkaminski @ aol . com wrote :
pam ,
the students resent the documents .
the group members :
rakhi israni
felix feng lu
winny so
orlandotaylor
sanjay wankhade
ning zhang
grade : a
separately , i think i have sent you already :
jeffrey planck
grade : a
please , confirm this message .
vince kaminski | 2001-05-04T00:00:00 |
13,947 | enron mentions - 11 / 14 / 01 usa : enron says recent woes to hurt profitability .
reuters english news service , 11 / 14 / 01
usa : enron traders seen riding out storm , cuts likely .
reuters english news service , 11 / 14 / 01
usa : arbs tread lightly on enron - dynegy deal .
reuters english news service , 11 / 14 / 01
usa : update 1 - enron ceo lay admits to errors with mea culpa .
reuters english news service , 11 / 14 / 01
enron receives dynegy $ 1 . 5 b cash infusion tues . > dyn ene
dow jones news service , 11 / 14 / 01
usa : enron queried by epa on oil pipeline spills .
reuters english news service , 11 / 14 / 01
enron to sell off money - losing assets in bid to restore its financial health
dow jones business news , 11 / 14 / 01
cohen , milstein , hausfeld & toll , p . l . l . c . announces that class action suits against enron corporation have expanded their class periods
business wire , 11 / 14 / 01
enron says 4 th - qtr earnings cut by lost business ( update 6 )
bloomberg , 11 / 14 / 01
cauley geller bowman & coates , llp expands class period in class action lawsuit against enron corp .
business wire , 11 / 14 / 01
fitch : cinergy ' s rating outlook negative
business wire , 11 / 14 / 01
usa : enron says recent woes to hurt profitability .
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
houston , nov 14 ( reuters ) - troubled energy trading giant enron corp . , which agreed last week to a buyout by smaller rival dynegy inc . , said on wednesday it expects its recent woes to have a " temporary but negative impact " on fourth - quarter profitability .
enron executives said in a conference call with analysts and investors that fourth - quarter results would also be adversely affected by severance costs and other restructuring costs . it did not provide further details , but said it expects to issue fourth - quarter earnings guidance in two to three weeks .
enron also said it is seeking an additional $ 500 million to $ 1 billion in private equity to help rebuild confidence in the company and keep its core trading operations afloat in the nine months before the acquisition by dynegy is expected to close .
enron , the nation ' s biggest buyer and seller of natural gas and electricity , agreed on friday to be bought by dynegy for about $ 9 billion in stock after investor unease over the company ' s business deals sapped its finances to the point of near - collapse .
enron has been under the gun from wall street since mid - october when it said shareholder equity had been cut by $ 1 . 2 billion because of off - balance sheet deals with partnerships run by former chief financial officer andrew fastow , who was later replaced . the deals are under investigation by u . s . regulators .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron traders seen riding out storm , cuts likely .
by scott disavino
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 14 ( reuters ) - traders at enron corp . , atop the energy trading world , are avidly being pursued by rivals but are holding out to see if there is a good deal awaiting them in the proposed buyout by dynegy inc .
while a number of jobs are expected to go after the near collapse of north america ' s biggest energy trader , the new owners are expected to pull out all the stops to keep enron ' s top traders - seen as the company ' s key assets .
" i know ( traders ) are getting a ton of calls , but i don ' t think there is going to be a mass exodus from the trading floor , " said joe baker , president of houston - based search consultants international , a recruitment company that serves the energy and power marketing industry .
enron , known for turning out some of the industry ' s most aggressive traders , also has a reputation as a tough training ground for newcomers , handsomely rewarding those who " make their numbers " and quickly showing non - performers the door .
traders at other energy firms said experienced traders can earn six - figures salaries before annual bonuses , paid sometime between the beginning of january and the middle of march .
a company recruiting traders before the bonus is paid would have to pay a larger sign on bonus .
" the majority of the key traders are going to wait and see what kind of situation develops . . . everyone ' s got their eyes open , " baker said . " most people want to stick around to see what kind of bonus they are going to get . "
wait and see
energy traders are clearly worried about the $ 9 billion takeover announced last week , an opportunity for dynegy to chop head count .
" there ' s a lot of overlap at both firms . i don ' t think there will be enough room for everyone , " a trader at another texas - based energy firm said .
enron is the nation ' s biggest buyer and seller of natural gas and electricity . dynegy is about a fifth as big as enron measured in terms of revenue .
despite the job uncertainty hanging over their heads , traders said they could not name a single enron or dynegy trader actively scouting out a new employer .
" everyone seems to be waiting to see what happens . there are only a few trader jobs open in the country right now . those positions will likely be filled pretty quickly if this merger goes through , " another trader said .
" some ( traders ) are going to be looking for work no matter whether they ' re laid off or leave on their own , " the trader added .
so far , it is mostly enron support staff who are polishing off their resumes .
enron said wednesday in an analyst meeting the company expects to take a charge for severance in the fourth quarter . however , no job cut numbers were discussed .
baker said the support staff feels their jobs are the ones most threatened by the proposed dynegy merger .
dynegy is buying enron for its trading operation and has said it is confident the best will stick around .
upon completion of the merger , the combined company , to be called dynegy inc . , is expected to have revenues exceeding $ 200 billion and $ 90 billion in assets .
dynegy agreed to buy its larger cross - town rival after enron investors lost faith in the company whose stock plummeted following its disclosure of off - balance sheet deals with partnerships run by its former chief financial officer .
the stock was off 8 cents , or 0 . 8 percent , at $ 9 . 92 a share at the close on new york stock exchange trade wednesday , well below its 52 - week high of $ 84 . 88 .
meanwhile , dynegy stock fell $ 1 . 58 , or 0 . 7 percent , to $ 46 . 20 a share .
- scott disavino , new york power desk , + 646 - 223 - 6072 , fax + 646 - 223 - 6079 , e - mail scott . disavino @ reuters . com and nigel hunt , los angeles bureau + 213 - 955 - 6752 .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : arbs tread lightly on enron - dynegy deal .
by dane hamilton
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 14 ( reuters ) - merger arbitragers say they ' re treading lightly in betting over prospects for the $ 9 billion stock - swap takeover of houston energy trader enron corp . by rival dynegy inc . .
these market pros , who bet on the likelihood a merger will be completed , say big questions about enron ' s financial condition raise doubts about the deal and make them shy about risking heavy bets . wednesday ' s conference call between enron officials and investors did little to assuage that , they say .
" people are very nervous about enron , " said one arb at a major new york brokerage . " they aren ' t sure if enron is actually earning anything . "
arbs who think a deal will eventually be completed may " short " the acquirer and buy target stock , reasoning that the acquirer ' s stock will fall and the target will rise on completion . but in recent days , enron ' s stock has languished , while dynegy ' s stock has gained more than 40 percent , although it was close to the same level a month ago .
some arbs said dynegy ' s stock may have risen because it could gain valuable pipeline assets whether or not a deal is completed . enron said it granted dynegy an option to buy its northern natural gas pipeline system for less than $ 975 million if the deal falls apart after the months - long due diligence review .
" now dynegy has up to a year to look at the company and at worst , dynegy comes away with a very good deal , " said one arb . " even if it ' s a disaster , they come away with a very valuable pipeline . "
once a wall street high - flyer boasting a $ 90 share price just 15 months ago , enron fell from grace after off - balance sheet transactions and financial reporting lapses prompted a regulatory investigation and senior official resignations .
looming debt and a collapsing share price led enron to agree to a takeover by smaller houston rival dynegy last week then valued at $ 10 . 41 a share , a fraction of its former value .
enron officials on wednesday said they were confident that the company was close to gaining a clear picture of its financial condition following restatement of earnings over several years . but it said the securities and exchange commission investigation " could affect us on a go - forward basis . "
even with commitments for billions of dollars in cash that enron said it ' s obtained in recent days , some arbs worried that customers who buy and sell energy contracts through enron may be abandoning the company , particularly for longer - term contracts .
while enron officials said customers and others are getting " comfortable in the short - dated market " energy market , arbs said longer - term customers may worry that further damaging disclosures may threaten its financial viability .
" it may be that no one wants long - term agreements anymore with enron , " said one arb , who like others , asked not to be named . " i don ' t think they were completely open about that issue . "
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : update 1 - enron ceo lay admits to errors with mea culpa .
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
( adds analyst comment and details of lay compensation paragraphs 5 to 7 )
by andrew kelly
houston , nov 14 ( reuters ) - enron corp . chairman and chief executive ken lay on wednesday acknowledged misjudgments and errors that pushed the nation ' s biggest energy trader to the brink of collapse and forced it to accept a humbling buyout by smaller rival dynegy inc .
in a stunning mea culpa to analysts and investors , lay admitted that enron had made bad investments , overburdened itself with debt and conducted deals that led to conflicts of interest now under u . s . regulatory investigation .
" we fully understand and regret that the combination of these events has resulted in the complete loss of investor confidence . we are fully committed to fixing the problems , " he said .
lay ' s act of atonement came after enron said he had decided to waive his right to a $ 60 million golden parachute as part of dynegy ' s planned buyout , following a tense exchange with employees about his severance package on tuesday .
lay received a base salary of $ 1 . 3 million from enron for 2000 plus bonuses totaling $ 10 . 6 million .
he has also made several million dollars this year by exercising options and selling enron stock at prices which mostly ranged from $ 40 to $ 60 , according to enron filings .
ubs warburg analyst ron barone said lay ' s candor could not undo damage already done but was welcome nevertheless . " the fact that he ' fessed up ' is a step toward reestablishing credibility in himself and in the company , " barone said .
enron agreed on friday to be taken over by dynegy for about $ 9 billion in stock , after investor unease over enron ' s off - balance sheet deals drove its stock price down to $ 7 last week from a high of $ 90 . 56 in august 2000 .
" in hindsight , we made some very bad investments in non - core businesses , " lay said in a 90 - minute conference call .
many of those investments , such as an ill - fated venture into the water services business and a power plant project in india that became mired in a payments dispute , performed below enron ' s worst expectations , lay said .
" the negative impact of these investments have been exacerbated through the extensive use of debt capital both on and off the balance sheet , " lay said .
deals between enron and partnerships run by its former chief financial officer , andrew fastow , produced " various conflicts of interest , both real and perceived , " he added .
fastow was recently replaced and the deals with the partnerships are now under investigation by the u . s . securities and exchange commission .
lay , who built enron into the dominant energy trading company in north america and europe after it was formed by the merger of two natural gas pipeline companies in 1986 , said the core wholesale energy businesses were fundamentally sound .
in the short term , he said , enron will focus on preventing further deterioration of its credit ratings and maintaining sufficient liquidity to keep the energy businesses running .
enron ' s president and chief operating officer , greg whalley , said the company expects its recent woes to have a " temporary but negative impact " on profitability .
whalley told analysts and investors that fourth - quarter results would also be adversely affected by severance costs and other restructuring costs . he did not provide details but said enron will issue earnings guidance in two to three weeks .
the reference to severance costs was the first allusion to job cuts that are widely viewed as inevitable .
enron also said it is seeking an additional $ 500 million to $ 1 billion in private equity to help rebuild confidence in the company and keep its core trading operations afloat in the nine months before the acquisition by dynegy is expected to close .
it has already received $ 1 . 5 billion in cash from oil company chevrontexaco corp . , which owns 26 . 5 percent of dynegy .
enron has been under heavy fire from wall street since mid - october when it said shareholder equity had been cut by $ 1 . 2 billion because of deals with the fastow partnerships .
dynegy has said that its agreement with enron would allow it to back out of the acquisition if the company ' s problems , which include a stack of lawsuits from angry investors , turn out to be far worse than has already been disclosed .
however , dynegy chairman and chief executive chuck watson has said he is confident this will not happen .
watson will head the combined company , which will retain the dynegy name , and dynegy will dominate the combined company ' s senior management and board of directors .
lay has said he has not yet made up his mind whether to accept watson ' s offer of a seat on the board of the new company .
the california public employees retirement system ( calpers ) , the largest u . s . pension fund , said there should be no place for lay or any other enron directors on the new dynegy board .
" the interests of shareholders are best served by retiring all of the current directors from involvement in enron ' s successor entities , " said michael flaherman , chairman of the calpers investment committee .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron receives dynegy $ 1 . 5 b cash infusion tues . > dyn ene
by christina cheddar
of dow jones newswires
11 / 14 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones & company , inc . )
new york - ( dow jones ) - dynegy inc . ( dyn ) provided enron corp . ( ene ) tuesday with the $ 1 . 5 billion cash infusion envisioned in the companies ' merger agreement , a dynegy spokeswoman said .
dynegy received preferred stock and other rights in an enron unit that owns the northern natural gas pipeline in return for its investment .
the cash infusion , which was made with the assistance of dynegy ' s largest shareholder , chevrontexaco corp . ( cvx ) , is aimed at providing enron with additional cash liquidity to support its core energy marketing and trading operations .
the rights provide dynegy with the option to acquire the pipeline unit should the two companies fail to complete their merger . the deal , which still needs shareholder and regulatory approval , is expected to close within the next six to nine months .
dynegy is acquiring enron for 0 . 2685 of a dynegy share , or about $ 10 billion based on the recent price of dynegy shares .
the acquisition of enron by its smaller rival follows a series of disclosures about enron ' s financial dealings with partnerships run by some of its corporate officers . the dealings are under investigation by the securities and exchange commission and at the center of more than a dozen of shareholder lawsuits .
during the last month , enron watched as its share price sunk to a small fraction of its earlier levels as shareholder confidence in the trading company evaporated . as credit - rating agencies began to cut enron ' s debt ratings threatening the company ' s investment - grade status , the company scrambled to raise additional cash to shore up its balance sheet and protect confidence in its business .
industry experts viewed dynegy ' s cash infusion as one way the companies sought to bolster confidence in the energy trader ' s liquidity , and protect its most valuable business .
in a conference call earlier wednesday , enron said its core energy trading business has been temporarily hurt by the uncertainty created by recent events .
according to dynegy spokeswoman jennifer rosser , the preferred stock dynegy has received for its investment in enron is convertible into the common stock of the enron pipeline unit .
dynegy also has the right to convert the preferred stock into enron shares if it desires , the spokeswoman said .
for example , if enron were to cancel its merger with dynegy in order to accept a higher bid from another suitor , dynegy might decide to convert its preferred shares into enron stock in order to reap the profits created by an increase in enron ' s stock price , rosser said .
in either case , dynegy wouldn ' t be required to pay any additional consideration .
dynegy was able to make the cash infusion after chevrontexaco , of san francisco , made an investment in dynegy .
if the acquisition closes as anticipated , chevrontexaco , which owns about one - fourth of dynegy , plans to make an additional $ 1 billion investment in the combined company . chevrontexaco also has the right to purchase an additional $ 1 . 5 billion in dynegy stock in the first three years following the close of the acquisition .
enron officials said they are monitoring the energy market ' s reaction to the cash infusion , and hopes it will restore the confidence of its counterparties .
enron remains on a credit watch at the credit - rating agencies . moody ' s investors service and standard 201 - 938 - 5166 ; christina . cheddar @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron queried by epa on oil pipeline spills .
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
washington , nov 14 ( reuters ) - the nation ' s biggest energy trader , enron corp . , already reeling from bad investments , too much debt and possible conflicts of interest , said on wednesday that the government is seeking information on spills from pipelines operated by enron and its subsidiaries .
in a filing with the securities and exchange commission , the houston - based company said it received a request for information from the environmental protection agency regarding certain spills and discharges since 1998 on oil pipelines operated by enron and its subsidiaries .
eott energy partners llp is the only subsidiary of enron that has extensive domestic oil pipeline operations , according to the filing .
enron ' s response was originally supposed to be filed with the epa no later than nov . 7 , but it received an extension until jan . 31 .
" eott cannot predict the outcome of the epa inquiry , " the company said in the filing .
enron agreed on friday to be taken over by dynegy inc . for about $ 9 billion in stock after investor unease over off - balance sheet deals drove its stock price down to $ 7 last week from a high of $ 90 . 56 in august 2000 .
many of those investments , such as an ill - fated venture into the water services business and a power plant project in india that became mired in a payments dispute , performed below enron ' s worst expectations , kenneth lay , enron ' s chairman and chief executive officer , said on wednesday .
in addition , deals between enron and partnerships run by its former chief financial officer , andrew fastow , produced " various conflicts of interest , both real and perceived , " he added .
fastow was recently replaced , and the deals with the partnerships are now under investigation by the sec .
enron shares were down 3 cents to $ 9 . 96 while dynegy lost 48 cents to $ 46 . 46 , both in afternoon trading on the new york stock exchange .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron to sell off money - losing assets in bid to restore its financial health
11 / 14 / 2001
dow jones business news
( copyright ( c ) 2001 , dow jones & company , inc . )
a wall street journal online news roundup
houston - - enron corp . , the once - mighty energy trader , is shedding money - losing assets and focusing on its core power - marketing business as it moves toward a merger with rival dynegy inc .
the effort is aimed at improving enron ' s financial health , following disclosures that the company inflated profit figures and didn ' t reveal large amounts of debt to shareholders , enron president and chief executive kenneth lay told investors wednesday .
businesses enron ( ene ) wants to sell include a high - speed internet unit and power operations in india and brazil , which mr . lay said " have performed far worse than we ever could have imagined when we made these investments . "
" in hindsight , we made some very bad investments in noncore businesses , " mr . lay said during the conference call for investors and analysts .
last friday dynegy ( dyn ) said it agreed to buy enron in a deal now worth $ 10 . 5 billion , and mr . lay said the company is focusing on conserving cash and getting the most out of the core businesses that enron will keep .
enron issues warning about 4 th quarter results
enron executives also said they expect the company ' s fourth - quarter earnings to be hurt by the ongoing financial problems . they didn ' t provide details , but said they would issue an outlook for fourth - quarter earnings in two weeks .
in addition , the company said it wouldn ' t file its quarterly report for the third quarter with the securities and exchange commission on wednesday as it had expected . jeff mcmahon , enron ' s newly appointed chief financial officer , said the company expects to make the filing " five days late . "
under regulatory guidelines , publicly traded companies have 45 days from the end of a fiscal quarter to file their financial results with the sec . enron reported its third - quarter earnings in mid - october , but has yet to make a filing with the sec . the filing would include enron ' s balance sheet .
in the past , enron has received criticism for not providing a balance sheet with its quarterly earnings release . enron officials on the call declined to provide specific details about the company ' s current cash position . that information is included on the balance sheet .
dynegy agreed to buy enron after the energy - trading giant ' s stock price plunged about 80 % in the weeks following enron ' s posting of a $ 618 million third - quarter loss . dynegy also will assume $ 13 billion of enron ' s debt .
the slide in enron ' s share price primarily was a result of large - scale transactions it did with partnerships headed by enron officers . those transactions have produced hundreds of millions of dollars of write - offs and restatements in the past month . they are being investigated by the sec and have helped spawn more than a dozen shareholder lawsuits .
enron ousted its chief financial officer , andrew fastow , who ran some of the partnerships , and restated its earnings back to 1997 . but those actions failed to restore investor confidence .
" i could not have ever contemplated the events we as a company and you as a stakeholder have faced over the last several weeks , " mr . lay said wednesday . " this has resulted in a complete loss of investor confidence . we are fully committed to fixing the problems . "
enron executives didn ' t say how many of the company ' s 20 , 000 employees world - wide would lose jobs as businesses are sold , a process they said could take months .
" our debt balances too high and we need to raise cash , " mr . mcmahon said .
mr . lay said cash gained from asset sales also would support its core businesses .
enron is the country ' s top buyer and seller of natural gas , and the no . 1 wholesale power marketer . the company operates a 25 , 000 - mile gas pipeline system and also markets and trades metals , paper , coal , chemicals , and fiber - optic bandwidth .
dynegy ' s purchase of enron triggered a clause in mr . lay ' s contract giving him $ 20 . 2 million for each full calendar year remaining in his contract if there is a change in control of enron . but mr . lay told enron employees that he wouldn ' t accept the money - - a total of up to $ 60 . 6 million - - upon completion of the merger . he said nothing about that decision during wednesday ' s conference call .
enron spokesman vance meyer said the compensation package , in mr . lay ' s contract since 1989 , is the only merger - related payment mr . lay is eligible for from enron . a dynegy spokesman , john sousa , said the company is unsure whether mr . lay can receive a retirement package from them .
dynegy executives have said that they hope to complete their acquisition of enron by next summer . the enron name will vanish when the deal is completed .
chuck watson , dynegy ' s chairman and chief executive , will retain those roles for the combined company . mr . lay will have no role in day - to - day management . he has been offered a seat on the combined company ' s board .
under the merger agreement , enron retains the right to designate three directors of the combined company . so far , enron president and chief operating officer greg whalley has been designated to be the new company ' s executive vice president . enron spokeswoman karen denne said enron has yet to designate two other appointees .
on tuesday the california public employees ' retirement system board of administration announced that it would oppose appointment of any enron board member to the combined company , charging that enron ' s board may have failed to adequately monitor its corporate officers . calpers owns about three million shares of enron and also owns shares of dynegy .
copyright ( c ) 2001 dow jones & company , inc .
all rights reserved .
copyright ? 2000 dow jones & company , inc . all rights reserved .
cohen , milstein , hausfeld & toll , p . l . l . c . announces that class action suits against enron corporation have expanded their class periods
11 / 14 / 2001
business wire
( copyright ( c ) 2001 , business wire )
washington - - ( business wire ) - - nov . 14 , 2001 - - the following notice is issued by the law firm of cohen , milstein , hausfeld & toll , p . l . l . c . , on behalf of its client , who , along with other firms , previously filed a lawsuit in the united states district court for the southern district of texas ( houston division ) , on behalf of purchasers of the common stock of enron corporation ( " enron " or the " company " ) ( nyse : ene ) .
the complaint alleges that the defendants violated section 10 ( b ) of the securities exchange act of 1934 ( " the exchange act " ) , and rule 10 b - 5 promulgated thereunder , and that defendants ' wrongful conduct artificially inflated the price of enron common stock during the class period . the prior complaints charged that during 2000 and 2001 the defendants misrepresented and concealed material facts concerning the company ' s financial transactions with two partnerships established by enron ' s then chief financial officer , which resulted in substantial losses to enron and a reduction in shareholders ' equity of over $ 1 billion .
as the result of the company ' s november 8 , 2001 announcements , however , the class period has been extended to encompass all purchasers of enron common stock from october 19 , 1998 through november 7 , 2001 . on november 8 , 2001 , prior to the markets opening , enron announced it was restating its financial results for 1997 , 1998 , 1999 and 2000 , and the first two quarters of 2001 to correct for errors which had inflated enron ' s net income by hundreds of millions of dollars in those years and that audit reports for those years should not be relied upon . upon these disclosures , enron ' s stock dropped to $ 8 . 41 per share on november 8 , 2001 , down from a class period high of $ 90 .
plaintiff ' s counsel - - cohen , milstein , hausfeld & toll , p . l . l . c . - - has significant experience in prosecuting investor class actions and actions involving financial fraud . the firm has offices in washington , d . c . , seattle , washington and new york , new york and is active in major litigation pending in federal and state courts throughout the nation .
the firm ' s reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to lead positions in complex multi - district or consolidated litigation . cohen , milstein , hausfeld & toll , p . l . l . c . has taken a lead role in numerous important cases on behalf of defrauded investors , and has been responsible for a number of outstanding recoveries which , in the aggregate , total hundreds of millions of dollars or more .
if you purchased shares of enron stock during the class period , you may move the court no later than december 21 , 2001 to serve as lead plaintiff for the class . in order to serve as lead plaintiff , you must meet certain legal standards .
if you have any questions about this notice or the action , or with regard to your rights , please contact either of the following :
andrew n . friedman , esq .
or
mary ann fink
cohen , milstein , hausfeld & toll , p . l . l . c .
1100 new york avenue , nw
west tower , suite 500
washington , dc 20005
telephone : 888 / 347 - 4600 or 202 / 408 - 4600
e - mail : afriedman @ cmht . com or mfink @ cmht . com
contact : cohen , milstein , hausfeld & toll , p . l . l . c . andrew n . friedman , esq . or mary ann fink afriedman @ cmht . com or mfink @ cmht . com 888 / 347 - 4600 or 202 / 408 - 4600
12 : 50 est november 14 , 2001
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron says 4 th - qtr earnings cut by lost business ( update 6 )
2001 - 11 - 14 16 : 13 ( new york )
enron says 4 th - qtr earnings cut by lost business ( update 6 )
( updates with closing share prices in 12 th paragraph . )
houston , nov . 14 ( bloomberg ) - - enron corp . , which averted
bankruptcy last week by agreeing to a buyout by dynegy inc . , said
fourth - quarter earnings will be lowered by severance payments ,
reorganization costs and a drop in its energy - trading business .
enron didn ' t say how many jobs it plans to cut or what its
expenses will be . trading volumes declined last week and it ' s too
soon to tell if the company will recover lost business , chief
operating officer greg whalley said during a conference call with
investors .
traders including mirant corp . and aquila inc . have said they
shifted transactions away from enron after its plunging stock
price prompted concerns about creditworthiness .
` ` business has been affected in the last month , ' ' enron chief
executive officer kenneth lay said . ` ` we ' re going to go back to
basics and focus on our core energy business . ' '
the company will provide a more detailed fourth - quarter
earnings projection in two to three weeks , lay said .
dynegy ceo charles watson , who agreed on friday to acquire
bigger rival enron in a transaction now valued at more than $ 24
billion , had said he is confident that enron ' s trading business is
sound .
` greater acceptance '
enron has been criticized by investors and has seen its
market value plunge in recent weeks because of concerns it was
using affiliated partnerships to mask losses and hide debt . dynegy
is buying enron for $ 9 . 27 billion in stock and about $ 15 billion
in assumed debt . both companies are based in houston .
since the buyout was announced , enron is ` ` seeing greater
acceptance in the u . s . and europe to our financial situation in
short - term markets , ' ' whalley said . ` ` it may be a couple of weeks
before we can give comfort to our longer - dated customers .
hopefully , we ' ll move up to normal levels in the near future . ' '
enron said it will be five days late in filing its third -
quarter earnings statement with the securities and exchange
commission . the filing was supposed to be out by today . the
company also will provide more details about earnings in the
fourth quarter than it has in previous periods , chief financial
officer jeffrey mcmahon said .
enron spokesman mark palmer declined to provide further
details about job cuts . ` ` anything we say about layoffs , we ' re
going to say to our employees first , ' ' he said .
dynegy spokesman john sousa said he didn ' t know the number of
job cuts or the cost of severance that enron will have in the
fourth quarter .
shares of enron rose 2 cents to $ 10 . dynegy fell 74 cents to
$ 46 . 20 . chevrontexaco corp . , which owns 26 percent of dynegy ,
declined $ 3 . 55 to $ 86 . 62 .
providing more detail
enron been criticized by investors for not providing enough
information about how it makes its money . the company was expected
to earn 45 cents a share in the fourth quarter , the average
estimate of analysts polled by thomson financial / first call .
in the third quarter , enron had a $ 618 million loss because
of failed investments in water , telecommunications and retail -
energy sales that cost the company $ 1 . 01 billion .
investors expected enron ' s fourth - quarter earnings to be cut
by recent events , said kathleen vuchetich , who helps manage the
$ 1 . 4 billion strong american utilities fund , which owns 284 , 000
dynegy shares .
` ` they ' d have hurt their credibility if they ' d said
otherwise , ' ' vuchetich said .
$ 1 . 5 billion
enron said it received $ 1 . 5 billion in cash yesterday from
chevrontexaco as part of the dynegy buyout agreement . in return ,
dynegy will acquire preferred stock and other rights in an enron
unit that owns the northern natural gas pipeline .
if the merger isn ' t completed , dynegy will have the right to
acquire northern natural gas , enron said today in a filing with
the securities and exchange commission . chevrontexaco , the second -
largest based u . s . oil company , will provide dynegy with another
$ 1 billion after the merger closes .
mcmahon also said the company is in talks with several
private investors . the company expects to receive $ 500 million to
$ 1 billion from these sources , mcmahon said .
` ` our debt balance is too high , and we need to raise equity
capital , ' ' mcmahon said . ` ` in this environment we can ' t raise
public equity capital very efficiently so we need to go to other
sources . ' '
the company said it is accelerating attempts to sell ` ` non -
core assets ' ' such as its investment in an indian power plant and
its broadband telecommunications network . enron has about $ 8
billion invested in these businesses , and it may take as long as a
year to get rid of the broadband business , whalley said .
` ` in hindsight , we made some very bad investments , ' ' lay
said . ` ` these have turned out far worse than we ever imagined . ' '
lay , enron ' s chairman since february 1986 , was entitled to
receive a severance package of more than $ 60 million after dynegy
took over enron . lay decided yesterday to waive the payment .
cauley geller bowman & coates , llp expands class period in class action lawsuit against enron corp .
11 / 14 / 2001
business wire
( copyright ( c ) 2001 , business wire )
little rock , ark . - - ( business wire ) - - nov . 14 , 2001 - - the law firm of cauley geller bowman & coates , llp announced today that a class action has been filed in the united states district court for the eastern district of texas , texarkana division on behalf of purchasers of enron corp . ( " enron " or the " company " ) ( nyse : ene ) common stock during the period between january 18 , 1999 and november 8 , 2001 , inclusive ( the " class period " ) . a copy of the complaint filed in this action is available from the court , or can be viewed on the firm ' s website at http : / / www . classlawyer . com / pr / enron . pdf .
the complaint charges enron and certain of its officers and directors with violations of the federal securities laws . on november 8 , 2001 , enron announced that it would restate its 1997 , 1998 , 1999 , 2000 and lq and 2 q 2001 results because of various income statement and balance sheet adjustments required as the result of enron ' s determination that three unconsolidated entities should have been consolidated in the financial statements pursuant to generally accepted accounting principles ( " gaap " ) , which caused enron ' s 1997 through 2 q 2001 income and assets to be materially overstated . throughout 1999 and 2000 , the price of enron common stock substantially increased - - rising from $ 32 . 50 per share on january 18 , 1999 to $ 83 . 125 per share on december 29 , 2000 . the complaint alleges that a substantial basis for this huge gain was the company ' s allegedly false and misleading reports of ever increasing revenues and profits .
the effect of the restatement was dramatic . rather than earning $ 698 million and $ 1 . 01 per share in 1998 , enron ' s restated earnings fell to $ 585 million and $ 0 . 86 per share . net income was lowered $ 186 million in 1999 with eps dropped from $ 1 . 10 to $ 0 . 79 . net income was lowered $ 132 million in 2000 and eps correspondingly fell from $ 1 . 12 to $ 0 . 97 . the restatement increased enron ' s debt by $ 561 million in 1998 , $ 685 million in 1999 and $ 629 million in 2000 . shareholder ' s equity was reduced by $ 448 million for 1998 , $ 834 million for 1999 , $ 1 . 16 billion for 2000 , $ 1 . 226 billion for first quarter 2001 and $ 929 million for second quarter 2001 . during the class period , enron insiders disposed of over $ 73 million of their personally - held enron common stock to unsuspecting investors .
if you bought enron common stock between january 18 , 1999 and november 8 , 2001 , inclusive , and you wish to serve as lead plaintiff , you must move the court no later than december 21 , 2001 . if you are a member of this class , you can join this class action online at http : / / www . classlawyer . com / sign _ up . html . any member of the purported class may move the court to serve as lead plaintiff through cauley geller bowman & coates , llp or other counsel of their choice , or may choose to do nothing and remain an absent class member .
cauley geller bowman & coates , llp has substantial experience representing investors in securities fraud class action lawsuits such as this . the firm has offices in florida , arkansas and california , but represents investors throughout the nation . if you have any questions about how you may be able to recover for your losses , or if you would like to consider serving as one of the lead plaintiffs in this lawsuit , you are encouraged to call or e - mail the firm or visit the firm ' s website at www . classlawyer . com .
cauley geller bowman & coates , llp
investor relations department :
jackie addison , sue null or shelly nicholson
toll free : 1 - 888 - 551 - 9944
e - mail : info @ classlawyer . com
contact : cauley geller bowman & coates , llp charlie gastineau or sue null , 888 / 551 - 9944
16 : 46 est november 14 , 2001
copyright ? 2000 dow jones & company , inc . all rights reserved .
fitch : cinergy ' s rating outlook negative
11 / 14 / 2001
business wire
( copyright ( c ) 2001 , business wire )
new york - - ( business wire ) - - nov . 14 , 2001 - - fitch inc . has changed the outlook of cinergy ' s ( cin ) ' bbb + ' senior unsecured debt to negative from stable due to increased leverage and planned environmental compliance expenditures .
cinergy is the parent holding company of the cincinnati gas & electric company ( cge ) and psi energy , inc . ( psi ) . fitch rates the senior secured debt of both ' a - . '
the negative outlook reflects the rise in debt leverage due mainly to the acquisition of two natural gas fired generating units from enron corp in march 2001 . as of sept . 30 , 2001 , debt was 63 % of total capitalization , up from 59 % and 56 % at the end of fiscal years 2000 and 1999 , respectively . the acquisition consists of enron ' s 494 - megawatt brownsville generation facility located in haywood county , tennessee and the 504 - megawatt caledonia generation facility located in lowndes county , mississippi . to reduce leverage , cin plans to use proceeds from non - core asset sales to reduce debt and to reinstitute the issuance of new shares to meet obligations under its dividend reinvestment plan and various employee stock plans . if the debt reduction is successful , the outlook could return to stable .
capital requirements related to cin ' s compliance with environmental regulations are also a concern . in september 2000 , cin announced a plan for its subsidiaries to spend about $ 800 million system wide over the following five years to install pollution control equipment to reduce nox emissions . a majority of these expenditures will be incurred by psi , the regulated integrated utility , and should be recovered through rates . the company also reached a tentative agreement with the environmental protection agency and other parties to reduce so 2 emissions by shutting down or re - powering with natural gas several coal - fired boilers and installing scrubbers and pollution control systems at several sites . the agreement , if finalized , would require cin to spend an additional $ 700 million , mostly during 2008 - 2013 .
cin ' s ratings also take into account the significant earnings and cash flow contribution of its regulated utility businesses , and a revised business strategy for its non - regulated businesses that is less aggressive and more appropriate for this mid - size company . the new strategy emphasizes regional , asset - based energy trading and marketing , customer led origination , and its regulated utility operations . a large amount of cin ' s non - regulated revenue will be derived from contractual sales with its subsidiaries , cge and the union light , heat and power company . cge ' s electric restructuring plan provides substantial transition cost recovery and allows the company to transfer its generating facilities . cge plans to transfer its generating assets to cin ' s non - regulated affiliate , cinergy wholesale energy , inc . another cin subsidiary , psi , remains a vertically integrated regulated company and restructuring is not expected in the mid - term . regulated operations provide about 55 % of earnings .
cin , through its subsidiaries cge and psi , provides electric and gas service in ohio , kentucky and indiana to about 1 . 5 million electric and 500 , 000 gas customers . the company also has a growing merchant energy business and owns 13 , 000 megawatts of generation .
contact : fitch , new york orli almog , 212 / 908 - 0894 or robert hornick , 212 / 908 - 0523
14 : 48 est november 14 , 2001
copyright ? 2000 dow jones & company , inc . all rights reserved . | 0 | ham | enron mentions - 11 / 14 / 01 | usa : enron says recent woes to hurt profitability .
reuters english news service , 11 / 14 / 01
usa : enron traders seen riding out storm , cuts likely .
reuters english news service , 11 / 14 / 01
usa : arbs tread lightly on enron - dynegy deal .
reuters english news service , 11 / 14 / 01
usa : update 1 - enron ceo lay admits to errors with mea culpa .
reuters english news service , 11 / 14 / 01
enron receives dynegy $ 1 . 5 b cash infusion tues . > dyn ene
dow jones news service , 11 / 14 / 01
usa : enron queried by epa on oil pipeline spills .
reuters english news service , 11 / 14 / 01
enron to sell off money - losing assets in bid to restore its financial health
dow jones business news , 11 / 14 / 01
cohen , milstein , hausfeld & toll , p . l . l . c . announces that class action suits against enron corporation have expanded their class periods
business wire , 11 / 14 / 01
enron says 4 th - qtr earnings cut by lost business ( update 6 )
bloomberg , 11 / 14 / 01
cauley geller bowman & coates , llp expands class period in class action lawsuit against enron corp .
business wire , 11 / 14 / 01
fitch : cinergy ' s rating outlook negative
business wire , 11 / 14 / 01
usa : enron says recent woes to hurt profitability .
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
houston , nov 14 ( reuters ) - troubled energy trading giant enron corp . , which agreed last week to a buyout by smaller rival dynegy inc . , said on wednesday it expects its recent woes to have a " temporary but negative impact " on fourth - quarter profitability .
enron executives said in a conference call with analysts and investors that fourth - quarter results would also be adversely affected by severance costs and other restructuring costs . it did not provide further details , but said it expects to issue fourth - quarter earnings guidance in two to three weeks .
enron also said it is seeking an additional $ 500 million to $ 1 billion in private equity to help rebuild confidence in the company and keep its core trading operations afloat in the nine months before the acquisition by dynegy is expected to close .
enron , the nation ' s biggest buyer and seller of natural gas and electricity , agreed on friday to be bought by dynegy for about $ 9 billion in stock after investor unease over the company ' s business deals sapped its finances to the point of near - collapse .
enron has been under the gun from wall street since mid - october when it said shareholder equity had been cut by $ 1 . 2 billion because of off - balance sheet deals with partnerships run by former chief financial officer andrew fastow , who was later replaced . the deals are under investigation by u . s . regulators .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron traders seen riding out storm , cuts likely .
by scott disavino
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 14 ( reuters ) - traders at enron corp . , atop the energy trading world , are avidly being pursued by rivals but are holding out to see if there is a good deal awaiting them in the proposed buyout by dynegy inc .
while a number of jobs are expected to go after the near collapse of north america ' s biggest energy trader , the new owners are expected to pull out all the stops to keep enron ' s top traders - seen as the company ' s key assets .
" i know ( traders ) are getting a ton of calls , but i don ' t think there is going to be a mass exodus from the trading floor , " said joe baker , president of houston - based search consultants international , a recruitment company that serves the energy and power marketing industry .
enron , known for turning out some of the industry ' s most aggressive traders , also has a reputation as a tough training ground for newcomers , handsomely rewarding those who " make their numbers " and quickly showing non - performers the door .
traders at other energy firms said experienced traders can earn six - figures salaries before annual bonuses , paid sometime between the beginning of january and the middle of march .
a company recruiting traders before the bonus is paid would have to pay a larger sign on bonus .
" the majority of the key traders are going to wait and see what kind of situation develops . . . everyone ' s got their eyes open , " baker said . " most people want to stick around to see what kind of bonus they are going to get . "
wait and see
energy traders are clearly worried about the $ 9 billion takeover announced last week , an opportunity for dynegy to chop head count .
" there ' s a lot of overlap at both firms . i don ' t think there will be enough room for everyone , " a trader at another texas - based energy firm said .
enron is the nation ' s biggest buyer and seller of natural gas and electricity . dynegy is about a fifth as big as enron measured in terms of revenue .
despite the job uncertainty hanging over their heads , traders said they could not name a single enron or dynegy trader actively scouting out a new employer .
" everyone seems to be waiting to see what happens . there are only a few trader jobs open in the country right now . those positions will likely be filled pretty quickly if this merger goes through , " another trader said .
" some ( traders ) are going to be looking for work no matter whether they ' re laid off or leave on their own , " the trader added .
so far , it is mostly enron support staff who are polishing off their resumes .
enron said wednesday in an analyst meeting the company expects to take a charge for severance in the fourth quarter . however , no job cut numbers were discussed .
baker said the support staff feels their jobs are the ones most threatened by the proposed dynegy merger .
dynegy is buying enron for its trading operation and has said it is confident the best will stick around .
upon completion of the merger , the combined company , to be called dynegy inc . , is expected to have revenues exceeding $ 200 billion and $ 90 billion in assets .
dynegy agreed to buy its larger cross - town rival after enron investors lost faith in the company whose stock plummeted following its disclosure of off - balance sheet deals with partnerships run by its former chief financial officer .
the stock was off 8 cents , or 0 . 8 percent , at $ 9 . 92 a share at the close on new york stock exchange trade wednesday , well below its 52 - week high of $ 84 . 88 .
meanwhile , dynegy stock fell $ 1 . 58 , or 0 . 7 percent , to $ 46 . 20 a share .
- scott disavino , new york power desk , + 646 - 223 - 6072 , fax + 646 - 223 - 6079 , e - mail scott . disavino @ reuters . com and nigel hunt , los angeles bureau + 213 - 955 - 6752 .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : arbs tread lightly on enron - dynegy deal .
by dane hamilton
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 14 ( reuters ) - merger arbitragers say they ' re treading lightly in betting over prospects for the $ 9 billion stock - swap takeover of houston energy trader enron corp . by rival dynegy inc . .
these market pros , who bet on the likelihood a merger will be completed , say big questions about enron ' s financial condition raise doubts about the deal and make them shy about risking heavy bets . wednesday ' s conference call between enron officials and investors did little to assuage that , they say .
" people are very nervous about enron , " said one arb at a major new york brokerage . " they aren ' t sure if enron is actually earning anything . "
arbs who think a deal will eventually be completed may " short " the acquirer and buy target stock , reasoning that the acquirer ' s stock will fall and the target will rise on completion . but in recent days , enron ' s stock has languished , while dynegy ' s stock has gained more than 40 percent , although it was close to the same level a month ago .
some arbs said dynegy ' s stock may have risen because it could gain valuable pipeline assets whether or not a deal is completed . enron said it granted dynegy an option to buy its northern natural gas pipeline system for less than $ 975 million if the deal falls apart after the months - long due diligence review .
" now dynegy has up to a year to look at the company and at worst , dynegy comes away with a very good deal , " said one arb . " even if it ' s a disaster , they come away with a very valuable pipeline . "
once a wall street high - flyer boasting a $ 90 share price just 15 months ago , enron fell from grace after off - balance sheet transactions and financial reporting lapses prompted a regulatory investigation and senior official resignations .
looming debt and a collapsing share price led enron to agree to a takeover by smaller houston rival dynegy last week then valued at $ 10 . 41 a share , a fraction of its former value .
enron officials on wednesday said they were confident that the company was close to gaining a clear picture of its financial condition following restatement of earnings over several years . but it said the securities and exchange commission investigation " could affect us on a go - forward basis . "
even with commitments for billions of dollars in cash that enron said it ' s obtained in recent days , some arbs worried that customers who buy and sell energy contracts through enron may be abandoning the company , particularly for longer - term contracts .
while enron officials said customers and others are getting " comfortable in the short - dated market " energy market , arbs said longer - term customers may worry that further damaging disclosures may threaten its financial viability .
" it may be that no one wants long - term agreements anymore with enron , " said one arb , who like others , asked not to be named . " i don ' t think they were completely open about that issue . "
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : update 1 - enron ceo lay admits to errors with mea culpa .
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
( adds analyst comment and details of lay compensation paragraphs 5 to 7 )
by andrew kelly
houston , nov 14 ( reuters ) - enron corp . chairman and chief executive ken lay on wednesday acknowledged misjudgments and errors that pushed the nation ' s biggest energy trader to the brink of collapse and forced it to accept a humbling buyout by smaller rival dynegy inc .
in a stunning mea culpa to analysts and investors , lay admitted that enron had made bad investments , overburdened itself with debt and conducted deals that led to conflicts of interest now under u . s . regulatory investigation .
" we fully understand and regret that the combination of these events has resulted in the complete loss of investor confidence . we are fully committed to fixing the problems , " he said .
lay ' s act of atonement came after enron said he had decided to waive his right to a $ 60 million golden parachute as part of dynegy ' s planned buyout , following a tense exchange with employees about his severance package on tuesday .
lay received a base salary of $ 1 . 3 million from enron for 2000 plus bonuses totaling $ 10 . 6 million .
he has also made several million dollars this year by exercising options and selling enron stock at prices which mostly ranged from $ 40 to $ 60 , according to enron filings .
ubs warburg analyst ron barone said lay ' s candor could not undo damage already done but was welcome nevertheless . " the fact that he ' fessed up ' is a step toward reestablishing credibility in himself and in the company , " barone said .
enron agreed on friday to be taken over by dynegy for about $ 9 billion in stock , after investor unease over enron ' s off - balance sheet deals drove its stock price down to $ 7 last week from a high of $ 90 . 56 in august 2000 .
" in hindsight , we made some very bad investments in non - core businesses , " lay said in a 90 - minute conference call .
many of those investments , such as an ill - fated venture into the water services business and a power plant project in india that became mired in a payments dispute , performed below enron ' s worst expectations , lay said .
" the negative impact of these investments have been exacerbated through the extensive use of debt capital both on and off the balance sheet , " lay said .
deals between enron and partnerships run by its former chief financial officer , andrew fastow , produced " various conflicts of interest , both real and perceived , " he added .
fastow was recently replaced and the deals with the partnerships are now under investigation by the u . s . securities and exchange commission .
lay , who built enron into the dominant energy trading company in north america and europe after it was formed by the merger of two natural gas pipeline companies in 1986 , said the core wholesale energy businesses were fundamentally sound .
in the short term , he said , enron will focus on preventing further deterioration of its credit ratings and maintaining sufficient liquidity to keep the energy businesses running .
enron ' s president and chief operating officer , greg whalley , said the company expects its recent woes to have a " temporary but negative impact " on profitability .
whalley told analysts and investors that fourth - quarter results would also be adversely affected by severance costs and other restructuring costs . he did not provide details but said enron will issue earnings guidance in two to three weeks .
the reference to severance costs was the first allusion to job cuts that are widely viewed as inevitable .
enron also said it is seeking an additional $ 500 million to $ 1 billion in private equity to help rebuild confidence in the company and keep its core trading operations afloat in the nine months before the acquisition by dynegy is expected to close .
it has already received $ 1 . 5 billion in cash from oil company chevrontexaco corp . , which owns 26 . 5 percent of dynegy .
enron has been under heavy fire from wall street since mid - october when it said shareholder equity had been cut by $ 1 . 2 billion because of deals with the fastow partnerships .
dynegy has said that its agreement with enron would allow it to back out of the acquisition if the company ' s problems , which include a stack of lawsuits from angry investors , turn out to be far worse than has already been disclosed .
however , dynegy chairman and chief executive chuck watson has said he is confident this will not happen .
watson will head the combined company , which will retain the dynegy name , and dynegy will dominate the combined company ' s senior management and board of directors .
lay has said he has not yet made up his mind whether to accept watson ' s offer of a seat on the board of the new company .
the california public employees retirement system ( calpers ) , the largest u . s . pension fund , said there should be no place for lay or any other enron directors on the new dynegy board .
" the interests of shareholders are best served by retiring all of the current directors from involvement in enron ' s successor entities , " said michael flaherman , chairman of the calpers investment committee .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron receives dynegy $ 1 . 5 b cash infusion tues . > dyn ene
by christina cheddar
of dow jones newswires
11 / 14 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones & company , inc . )
new york - ( dow jones ) - dynegy inc . ( dyn ) provided enron corp . ( ene ) tuesday with the $ 1 . 5 billion cash infusion envisioned in the companies ' merger agreement , a dynegy spokeswoman said .
dynegy received preferred stock and other rights in an enron unit that owns the northern natural gas pipeline in return for its investment .
the cash infusion , which was made with the assistance of dynegy ' s largest shareholder , chevrontexaco corp . ( cvx ) , is aimed at providing enron with additional cash liquidity to support its core energy marketing and trading operations .
the rights provide dynegy with the option to acquire the pipeline unit should the two companies fail to complete their merger . the deal , which still needs shareholder and regulatory approval , is expected to close within the next six to nine months .
dynegy is acquiring enron for 0 . 2685 of a dynegy share , or about $ 10 billion based on the recent price of dynegy shares .
the acquisition of enron by its smaller rival follows a series of disclosures about enron ' s financial dealings with partnerships run by some of its corporate officers . the dealings are under investigation by the securities and exchange commission and at the center of more than a dozen of shareholder lawsuits .
during the last month , enron watched as its share price sunk to a small fraction of its earlier levels as shareholder confidence in the trading company evaporated . as credit - rating agencies began to cut enron ' s debt ratings threatening the company ' s investment - grade status , the company scrambled to raise additional cash to shore up its balance sheet and protect confidence in its business .
industry experts viewed dynegy ' s cash infusion as one way the companies sought to bolster confidence in the energy trader ' s liquidity , and protect its most valuable business .
in a conference call earlier wednesday , enron said its core energy trading business has been temporarily hurt by the uncertainty created by recent events .
according to dynegy spokeswoman jennifer rosser , the preferred stock dynegy has received for its investment in enron is convertible into the common stock of the enron pipeline unit .
dynegy also has the right to convert the preferred stock into enron shares if it desires , the spokeswoman said .
for example , if enron were to cancel its merger with dynegy in order to accept a higher bid from another suitor , dynegy might decide to convert its preferred shares into enron stock in order to reap the profits created by an increase in enron ' s stock price , rosser said .
in either case , dynegy wouldn ' t be required to pay any additional consideration .
dynegy was able to make the cash infusion after chevrontexaco , of san francisco , made an investment in dynegy .
if the acquisition closes as anticipated , chevrontexaco , which owns about one - fourth of dynegy , plans to make an additional $ 1 billion investment in the combined company . chevrontexaco also has the right to purchase an additional $ 1 . 5 billion in dynegy stock in the first three years following the close of the acquisition .
enron officials said they are monitoring the energy market ' s reaction to the cash infusion , and hopes it will restore the confidence of its counterparties .
enron remains on a credit watch at the credit - rating agencies . moody ' s investors service and standard 201 - 938 - 5166 ; christina . cheddar @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron queried by epa on oil pipeline spills .
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
washington , nov 14 ( reuters ) - the nation ' s biggest energy trader , enron corp . , already reeling from bad investments , too much debt and possible conflicts of interest , said on wednesday that the government is seeking information on spills from pipelines operated by enron and its subsidiaries .
in a filing with the securities and exchange commission , the houston - based company said it received a request for information from the environmental protection agency regarding certain spills and discharges since 1998 on oil pipelines operated by enron and its subsidiaries .
eott energy partners llp is the only subsidiary of enron that has extensive domestic oil pipeline operations , according to the filing .
enron ' s response was originally supposed to be filed with the epa no later than nov . 7 , but it received an extension until jan . 31 .
" eott cannot predict the outcome of the epa inquiry , " the company said in the filing .
enron agreed on friday to be taken over by dynegy inc . for about $ 9 billion in stock after investor unease over off - balance sheet deals drove its stock price down to $ 7 last week from a high of $ 90 . 56 in august 2000 .
many of those investments , such as an ill - fated venture into the water services business and a power plant project in india that became mired in a payments dispute , performed below enron ' s worst expectations , kenneth lay , enron ' s chairman and chief executive officer , said on wednesday .
in addition , deals between enron and partnerships run by its former chief financial officer , andrew fastow , produced " various conflicts of interest , both real and perceived , " he added .
fastow was recently replaced , and the deals with the partnerships are now under investigation by the sec .
enron shares were down 3 cents to $ 9 . 96 while dynegy lost 48 cents to $ 46 . 46 , both in afternoon trading on the new york stock exchange .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron to sell off money - losing assets in bid to restore its financial health
11 / 14 / 2001
dow jones business news
( copyright ( c ) 2001 , dow jones & company , inc . )
a wall street journal online news roundup
houston - - enron corp . , the once - mighty energy trader , is shedding money - losing assets and focusing on its core power - marketing business as it moves toward a merger with rival dynegy inc .
the effort is aimed at improving enron ' s financial health , following disclosures that the company inflated profit figures and didn ' t reveal large amounts of debt to shareholders , enron president and chief executive kenneth lay told investors wednesday .
businesses enron ( ene ) wants to sell include a high - speed internet unit and power operations in india and brazil , which mr . lay said " have performed far worse than we ever could have imagined when we made these investments . "
" in hindsight , we made some very bad investments in noncore businesses , " mr . lay said during the conference call for investors and analysts .
last friday dynegy ( dyn ) said it agreed to buy enron in a deal now worth $ 10 . 5 billion , and mr . lay said the company is focusing on conserving cash and getting the most out of the core businesses that enron will keep .
enron issues warning about 4 th quarter results
enron executives also said they expect the company ' s fourth - quarter earnings to be hurt by the ongoing financial problems . they didn ' t provide details , but said they would issue an outlook for fourth - quarter earnings in two weeks .
in addition , the company said it wouldn ' t file its quarterly report for the third quarter with the securities and exchange commission on wednesday as it had expected . jeff mcmahon , enron ' s newly appointed chief financial officer , said the company expects to make the filing " five days late . "
under regulatory guidelines , publicly traded companies have 45 days from the end of a fiscal quarter to file their financial results with the sec . enron reported its third - quarter earnings in mid - october , but has yet to make a filing with the sec . the filing would include enron ' s balance sheet .
in the past , enron has received criticism for not providing a balance sheet with its quarterly earnings release . enron officials on the call declined to provide specific details about the company ' s current cash position . that information is included on the balance sheet .
dynegy agreed to buy enron after the energy - trading giant ' s stock price plunged about 80 % in the weeks following enron ' s posting of a $ 618 million third - quarter loss . dynegy also will assume $ 13 billion of enron ' s debt .
the slide in enron ' s share price primarily was a result of large - scale transactions it did with partnerships headed by enron officers . those transactions have produced hundreds of millions of dollars of write - offs and restatements in the past month . they are being investigated by the sec and have helped spawn more than a dozen shareholder lawsuits .
enron ousted its chief financial officer , andrew fastow , who ran some of the partnerships , and restated its earnings back to 1997 . but those actions failed to restore investor confidence .
" i could not have ever contemplated the events we as a company and you as a stakeholder have faced over the last several weeks , " mr . lay said wednesday . " this has resulted in a complete loss of investor confidence . we are fully committed to fixing the problems . "
enron executives didn ' t say how many of the company ' s 20 , 000 employees world - wide would lose jobs as businesses are sold , a process they said could take months .
" our debt balances too high and we need to raise cash , " mr . mcmahon said .
mr . lay said cash gained from asset sales also would support its core businesses .
enron is the country ' s top buyer and seller of natural gas , and the no . 1 wholesale power marketer . the company operates a 25 , 000 - mile gas pipeline system and also markets and trades metals , paper , coal , chemicals , and fiber - optic bandwidth .
dynegy ' s purchase of enron triggered a clause in mr . lay ' s contract giving him $ 20 . 2 million for each full calendar year remaining in his contract if there is a change in control of enron . but mr . lay told enron employees that he wouldn ' t accept the money - - a total of up to $ 60 . 6 million - - upon completion of the merger . he said nothing about that decision during wednesday ' s conference call .
enron spokesman vance meyer said the compensation package , in mr . lay ' s contract since 1989 , is the only merger - related payment mr . lay is eligible for from enron . a dynegy spokesman , john sousa , said the company is unsure whether mr . lay can receive a retirement package from them .
dynegy executives have said that they hope to complete their acquisition of enron by next summer . the enron name will vanish when the deal is completed .
chuck watson , dynegy ' s chairman and chief executive , will retain those roles for the combined company . mr . lay will have no role in day - to - day management . he has been offered a seat on the combined company ' s board .
under the merger agreement , enron retains the right to designate three directors of the combined company . so far , enron president and chief operating officer greg whalley has been designated to be the new company ' s executive vice president . enron spokeswoman karen denne said enron has yet to designate two other appointees .
on tuesday the california public employees ' retirement system board of administration announced that it would oppose appointment of any enron board member to the combined company , charging that enron ' s board may have failed to adequately monitor its corporate officers . calpers owns about three million shares of enron and also owns shares of dynegy .
copyright ( c ) 2001 dow jones & company , inc .
all rights reserved .
copyright ? 2000 dow jones & company , inc . all rights reserved .
cohen , milstein , hausfeld & toll , p . l . l . c . announces that class action suits against enron corporation have expanded their class periods
11 / 14 / 2001
business wire
( copyright ( c ) 2001 , business wire )
washington - - ( business wire ) - - nov . 14 , 2001 - - the following notice is issued by the law firm of cohen , milstein , hausfeld & toll , p . l . l . c . , on behalf of its client , who , along with other firms , previously filed a lawsuit in the united states district court for the southern district of texas ( houston division ) , on behalf of purchasers of the common stock of enron corporation ( " enron " or the " company " ) ( nyse : ene ) .
the complaint alleges that the defendants violated section 10 ( b ) of the securities exchange act of 1934 ( " the exchange act " ) , and rule 10 b - 5 promulgated thereunder , and that defendants ' wrongful conduct artificially inflated the price of enron common stock during the class period . the prior complaints charged that during 2000 and 2001 the defendants misrepresented and concealed material facts concerning the company ' s financial transactions with two partnerships established by enron ' s then chief financial officer , which resulted in substantial losses to enron and a reduction in shareholders ' equity of over $ 1 billion .
as the result of the company ' s november 8 , 2001 announcements , however , the class period has been extended to encompass all purchasers of enron common stock from october 19 , 1998 through november 7 , 2001 . on november 8 , 2001 , prior to the markets opening , enron announced it was restating its financial results for 1997 , 1998 , 1999 and 2000 , and the first two quarters of 2001 to correct for errors which had inflated enron ' s net income by hundreds of millions of dollars in those years and that audit reports for those years should not be relied upon . upon these disclosures , enron ' s stock dropped to $ 8 . 41 per share on november 8 , 2001 , down from a class period high of $ 90 .
plaintiff ' s counsel - - cohen , milstein , hausfeld & toll , p . l . l . c . - - has significant experience in prosecuting investor class actions and actions involving financial fraud . the firm has offices in washington , d . c . , seattle , washington and new york , new york and is active in major litigation pending in federal and state courts throughout the nation .
the firm ' s reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to lead positions in complex multi - district or consolidated litigation . cohen , milstein , hausfeld & toll , p . l . l . c . has taken a lead role in numerous important cases on behalf of defrauded investors , and has been responsible for a number of outstanding recoveries which , in the aggregate , total hundreds of millions of dollars or more .
if you purchased shares of enron stock during the class period , you may move the court no later than december 21 , 2001 to serve as lead plaintiff for the class . in order to serve as lead plaintiff , you must meet certain legal standards .
if you have any questions about this notice or the action , or with regard to your rights , please contact either of the following :
andrew n . friedman , esq .
or
mary ann fink
cohen , milstein , hausfeld & toll , p . l . l . c .
1100 new york avenue , nw
west tower , suite 500
washington , dc 20005
telephone : 888 / 347 - 4600 or 202 / 408 - 4600
e - mail : afriedman @ cmht . com or mfink @ cmht . com
contact : cohen , milstein , hausfeld & toll , p . l . l . c . andrew n . friedman , esq . or mary ann fink afriedman @ cmht . com or mfink @ cmht . com 888 / 347 - 4600 or 202 / 408 - 4600
12 : 50 est november 14 , 2001
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron says 4 th - qtr earnings cut by lost business ( update 6 )
2001 - 11 - 14 16 : 13 ( new york )
enron says 4 th - qtr earnings cut by lost business ( update 6 )
( updates with closing share prices in 12 th paragraph . )
houston , nov . 14 ( bloomberg ) - - enron corp . , which averted
bankruptcy last week by agreeing to a buyout by dynegy inc . , said
fourth - quarter earnings will be lowered by severance payments ,
reorganization costs and a drop in its energy - trading business .
enron didn ' t say how many jobs it plans to cut or what its
expenses will be . trading volumes declined last week and it ' s too
soon to tell if the company will recover lost business , chief
operating officer greg whalley said during a conference call with
investors .
traders including mirant corp . and aquila inc . have said they
shifted transactions away from enron after its plunging stock
price prompted concerns about creditworthiness .
` ` business has been affected in the last month , ' ' enron chief
executive officer kenneth lay said . ` ` we ' re going to go back to
basics and focus on our core energy business . ' '
the company will provide a more detailed fourth - quarter
earnings projection in two to three weeks , lay said .
dynegy ceo charles watson , who agreed on friday to acquire
bigger rival enron in a transaction now valued at more than $ 24
billion , had said he is confident that enron ' s trading business is
sound .
` greater acceptance '
enron has been criticized by investors and has seen its
market value plunge in recent weeks because of concerns it was
using affiliated partnerships to mask losses and hide debt . dynegy
is buying enron for $ 9 . 27 billion in stock and about $ 15 billion
in assumed debt . both companies are based in houston .
since the buyout was announced , enron is ` ` seeing greater
acceptance in the u . s . and europe to our financial situation in
short - term markets , ' ' whalley said . ` ` it may be a couple of weeks
before we can give comfort to our longer - dated customers .
hopefully , we ' ll move up to normal levels in the near future . ' '
enron said it will be five days late in filing its third -
quarter earnings statement with the securities and exchange
commission . the filing was supposed to be out by today . the
company also will provide more details about earnings in the
fourth quarter than it has in previous periods , chief financial
officer jeffrey mcmahon said .
enron spokesman mark palmer declined to provide further
details about job cuts . ` ` anything we say about layoffs , we ' re
going to say to our employees first , ' ' he said .
dynegy spokesman john sousa said he didn ' t know the number of
job cuts or the cost of severance that enron will have in the
fourth quarter .
shares of enron rose 2 cents to $ 10 . dynegy fell 74 cents to
$ 46 . 20 . chevrontexaco corp . , which owns 26 percent of dynegy ,
declined $ 3 . 55 to $ 86 . 62 .
providing more detail
enron been criticized by investors for not providing enough
information about how it makes its money . the company was expected
to earn 45 cents a share in the fourth quarter , the average
estimate of analysts polled by thomson financial / first call .
in the third quarter , enron had a $ 618 million loss because
of failed investments in water , telecommunications and retail -
energy sales that cost the company $ 1 . 01 billion .
investors expected enron ' s fourth - quarter earnings to be cut
by recent events , said kathleen vuchetich , who helps manage the
$ 1 . 4 billion strong american utilities fund , which owns 284 , 000
dynegy shares .
` ` they ' d have hurt their credibility if they ' d said
otherwise , ' ' vuchetich said .
$ 1 . 5 billion
enron said it received $ 1 . 5 billion in cash yesterday from
chevrontexaco as part of the dynegy buyout agreement . in return ,
dynegy will acquire preferred stock and other rights in an enron
unit that owns the northern natural gas pipeline .
if the merger isn ' t completed , dynegy will have the right to
acquire northern natural gas , enron said today in a filing with
the securities and exchange commission . chevrontexaco , the second -
largest based u . s . oil company , will provide dynegy with another
$ 1 billion after the merger closes .
mcmahon also said the company is in talks with several
private investors . the company expects to receive $ 500 million to
$ 1 billion from these sources , mcmahon said .
` ` our debt balance is too high , and we need to raise equity
capital , ' ' mcmahon said . ` ` in this environment we can ' t raise
public equity capital very efficiently so we need to go to other
sources . ' '
the company said it is accelerating attempts to sell ` ` non -
core assets ' ' such as its investment in an indian power plant and
its broadband telecommunications network . enron has about $ 8
billion invested in these businesses , and it may take as long as a
year to get rid of the broadband business , whalley said .
` ` in hindsight , we made some very bad investments , ' ' lay
said . ` ` these have turned out far worse than we ever imagined . ' '
lay , enron ' s chairman since february 1986 , was entitled to
receive a severance package of more than $ 60 million after dynegy
took over enron . lay decided yesterday to waive the payment .
cauley geller bowman & coates , llp expands class period in class action lawsuit against enron corp .
11 / 14 / 2001
business wire
( copyright ( c ) 2001 , business wire )
little rock , ark . - - ( business wire ) - - nov . 14 , 2001 - - the law firm of cauley geller bowman & coates , llp announced today that a class action has been filed in the united states district court for the eastern district of texas , texarkana division on behalf of purchasers of enron corp . ( " enron " or the " company " ) ( nyse : ene ) common stock during the period between january 18 , 1999 and november 8 , 2001 , inclusive ( the " class period " ) . a copy of the complaint filed in this action is available from the court , or can be viewed on the firm ' s website at http : / / www . classlawyer . com / pr / enron . pdf .
the complaint charges enron and certain of its officers and directors with violations of the federal securities laws . on november 8 , 2001 , enron announced that it would restate its 1997 , 1998 , 1999 , 2000 and lq and 2 q 2001 results because of various income statement and balance sheet adjustments required as the result of enron ' s determination that three unconsolidated entities should have been consolidated in the financial statements pursuant to generally accepted accounting principles ( " gaap " ) , which caused enron ' s 1997 through 2 q 2001 income and assets to be materially overstated . throughout 1999 and 2000 , the price of enron common stock substantially increased - - rising from $ 32 . 50 per share on january 18 , 1999 to $ 83 . 125 per share on december 29 , 2000 . the complaint alleges that a substantial basis for this huge gain was the company ' s allegedly false and misleading reports of ever increasing revenues and profits .
the effect of the restatement was dramatic . rather than earning $ 698 million and $ 1 . 01 per share in 1998 , enron ' s restated earnings fell to $ 585 million and $ 0 . 86 per share . net income was lowered $ 186 million in 1999 with eps dropped from $ 1 . 10 to $ 0 . 79 . net income was lowered $ 132 million in 2000 and eps correspondingly fell from $ 1 . 12 to $ 0 . 97 . the restatement increased enron ' s debt by $ 561 million in 1998 , $ 685 million in 1999 and $ 629 million in 2000 . shareholder ' s equity was reduced by $ 448 million for 1998 , $ 834 million for 1999 , $ 1 . 16 billion for 2000 , $ 1 . 226 billion for first quarter 2001 and $ 929 million for second quarter 2001 . during the class period , enron insiders disposed of over $ 73 million of their personally - held enron common stock to unsuspecting investors .
if you bought enron common stock between january 18 , 1999 and november 8 , 2001 , inclusive , and you wish to serve as lead plaintiff , you must move the court no later than december 21 , 2001 . if you are a member of this class , you can join this class action online at http : / / www . classlawyer . com / sign _ up . html . any member of the purported class may move the court to serve as lead plaintiff through cauley geller bowman & coates , llp or other counsel of their choice , or may choose to do nothing and remain an absent class member .
cauley geller bowman & coates , llp has substantial experience representing investors in securities fraud class action lawsuits such as this . the firm has offices in florida , arkansas and california , but represents investors throughout the nation . if you have any questions about how you may be able to recover for your losses , or if you would like to consider serving as one of the lead plaintiffs in this lawsuit , you are encouraged to call or e - mail the firm or visit the firm ' s website at www . classlawyer . com .
cauley geller bowman & coates , llp
investor relations department :
jackie addison , sue null or shelly nicholson
toll free : 1 - 888 - 551 - 9944
e - mail : info @ classlawyer . com
contact : cauley geller bowman & coates , llp charlie gastineau or sue null , 888 / 551 - 9944
16 : 46 est november 14 , 2001
copyright ? 2000 dow jones & company , inc . all rights reserved .
fitch : cinergy ' s rating outlook negative
11 / 14 / 2001
business wire
( copyright ( c ) 2001 , business wire )
new york - - ( business wire ) - - nov . 14 , 2001 - - fitch inc . has changed the outlook of cinergy ' s ( cin ) ' bbb + ' senior unsecured debt to negative from stable due to increased leverage and planned environmental compliance expenditures .
cinergy is the parent holding company of the cincinnati gas & electric company ( cge ) and psi energy , inc . ( psi ) . fitch rates the senior secured debt of both ' a - . '
the negative outlook reflects the rise in debt leverage due mainly to the acquisition of two natural gas fired generating units from enron corp in march 2001 . as of sept . 30 , 2001 , debt was 63 % of total capitalization , up from 59 % and 56 % at the end of fiscal years 2000 and 1999 , respectively . the acquisition consists of enron ' s 494 - megawatt brownsville generation facility located in haywood county , tennessee and the 504 - megawatt caledonia generation facility located in lowndes county , mississippi . to reduce leverage , cin plans to use proceeds from non - core asset sales to reduce debt and to reinstitute the issuance of new shares to meet obligations under its dividend reinvestment plan and various employee stock plans . if the debt reduction is successful , the outlook could return to stable .
capital requirements related to cin ' s compliance with environmental regulations are also a concern . in september 2000 , cin announced a plan for its subsidiaries to spend about $ 800 million system wide over the following five years to install pollution control equipment to reduce nox emissions . a majority of these expenditures will be incurred by psi , the regulated integrated utility , and should be recovered through rates . the company also reached a tentative agreement with the environmental protection agency and other parties to reduce so 2 emissions by shutting down or re - powering with natural gas several coal - fired boilers and installing scrubbers and pollution control systems at several sites . the agreement , if finalized , would require cin to spend an additional $ 700 million , mostly during 2008 - 2013 .
cin ' s ratings also take into account the significant earnings and cash flow contribution of its regulated utility businesses , and a revised business strategy for its non - regulated businesses that is less aggressive and more appropriate for this mid - size company . the new strategy emphasizes regional , asset - based energy trading and marketing , customer led origination , and its regulated utility operations . a large amount of cin ' s non - regulated revenue will be derived from contractual sales with its subsidiaries , cge and the union light , heat and power company . cge ' s electric restructuring plan provides substantial transition cost recovery and allows the company to transfer its generating facilities . cge plans to transfer its generating assets to cin ' s non - regulated affiliate , cinergy wholesale energy , inc . another cin subsidiary , psi , remains a vertically integrated regulated company and restructuring is not expected in the mid - term . regulated operations provide about 55 % of earnings .
cin , through its subsidiaries cge and psi , provides electric and gas service in ohio , kentucky and indiana to about 1 . 5 million electric and 500 , 000 gas customers . the company also has a growing merchant energy business and owns 13 , 000 megawatts of generation .
contact : fitch , new york orli almog , 212 / 908 - 0894 or robert hornick , 212 / 908 - 0523
14 : 48 est november 14 , 2001
copyright ? 2000 dow jones & company , inc . all rights reserved . | 2001-11-14T00:00:00 |
22,908 | meeting reminder the meeting to discuss , " var , reporting and resources ii " has been canceled .
please adjust your schedules to reflect this update .
many thanks ,
barbara lewis
- - - - - - - - - - - - - - - - - - - - - - forwarded by barbara lewis / hou / ect on 06 / 08 / 2000 10 : 13
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
barbara lewis
06 / 07 / 2000 09 : 27 am
to : sally beck / hou / ect @ ect , philippe a bibi / hou / ect @ ect , rick
buy / hou / ect @ ect , grant masson / hou / ect @ ect , michael e moscoso / hou / ect @ ect , ted
murphy / hou / ect @ ect , beth perlman / hou / ect @ ect , stephen stock / hou / ect @ ect
cc : patti thompson / hou / ect @ ect , peggy mccurley / hou / ect @ ect , karen k
heathman / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , maria
sandoval / hou / ect @ ect , rita hennessy / na / enron @ enron , cherylene r
westbrook / hou / ect @ ect , giselle james / corp / enron @ enron
subject : meeting reminder
the meeting to discuss , " var , reporting processes and resources ii " will take
place friday , june 9 , 2000 at 9 : 00 a . m .
the location is eb 32 c 2 . please adjust your schedules to reflect this
important meeting .
many thanks ,
barbara lewis
x 3 - 5085 | 0 | ham | meeting reminder | the meeting to discuss , " var , reporting and resources ii " has been canceled .
please adjust your schedules to reflect this update .
many thanks ,
barbara lewis
- - - - - - - - - - - - - - - - - - - - - - forwarded by barbara lewis / hou / ect on 06 / 08 / 2000 10 : 13
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
barbara lewis
06 / 07 / 2000 09 : 27 am
to : sally beck / hou / ect @ ect , philippe a bibi / hou / ect @ ect , rick
buy / hou / ect @ ect , grant masson / hou / ect @ ect , michael e moscoso / hou / ect @ ect , ted
murphy / hou / ect @ ect , beth perlman / hou / ect @ ect , stephen stock / hou / ect @ ect
cc : patti thompson / hou / ect @ ect , peggy mccurley / hou / ect @ ect , karen k
heathman / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , maria
sandoval / hou / ect @ ect , rita hennessy / na / enron @ enron , cherylene r
westbrook / hou / ect @ ect , giselle james / corp / enron @ enron
subject : meeting reminder
the meeting to discuss , " var , reporting processes and resources ii " will take
place friday , june 9 , 2000 at 9 : 00 a . m .
the location is eb 32 c 2 . please adjust your schedules to reflect this
important meeting .
many thanks ,
barbara lewis
x 3 - 5085 | 2000-06-08T00:00:00 |
16,183 | this performer defines the secret of stock selecting secured data inc . ( scre )
emerging leader in chinese export of pharmaceuticals !
total shares issued many of you are
aiready familiar with this . is scre poised and positioned to do that for
you ? then you may fee | the time has come to act . . . and please watch
this one trade thursday ! go scre .
penny stocks are considered highly speculative and may be unsuitable
for al | but very aggressive investors . this profiie is not in any way
affiiiated with the featured company . we were compensated 3 ooo dollars
to distribute this report . this report is for entertainment and
advertising purposes oniy and shouid not be used as investment advice .
if you wish to stop future mailings , or if you feel you have been
wrongfu | | y piaced in our membership , please go here or send a biank
e mai | with no thanks in the subject to stockl 001 @ yahoo . com | 1 | spam | this performer defines the secret of stock selecting | secured data inc . ( scre )
emerging leader in chinese export of pharmaceuticals !
total shares issued many of you are
aiready familiar with this . is scre poised and positioned to do that for
you ? then you may fee | the time has come to act . . . and please watch
this one trade thursday ! go scre .
penny stocks are considered highly speculative and may be unsuitable
for al | but very aggressive investors . this profiie is not in any way
affiiiated with the featured company . we were compensated 3 ooo dollars
to distribute this report . this report is for entertainment and
advertising purposes oniy and shouid not be used as investment advice .
if you wish to stop future mailings , or if you feel you have been
wrongfu | | y piaced in our membership , please go here or send a biank
e mai | with no thanks in the subject to stockl 001 @ yahoo . com | 2005-04-28T00:00:00 |
23,458 | re : dpr summary dear david ,
thanks for your message . to make our request clearer , for the past two weeks
we have put out a preliminary dpr every morning at 8 am our time ( seen by
commercial heads , jeff skilling , ken lay , rac , anyone with access to the
dpr ) . all groups world - wide are able to provide us preliminary figures by 7
am our time for :
positions ,
maturity gap ,
var , and
p & l
this is the information that we would like you to provide as well .
i understand that you have some hurdles to get over to be able to provide us
these figures , and while you keep working to get over these hurdles , we would
be happy if you provide us the information you are currently able to ( i . e . if
you can only provide p & l we ' d like to start with that , if you can only
provide us with one commodities information we would like to have that ) .
please remember that the information we are requesting is preliminary
information . we would expect that there would be some changes between what
you give us at 7 am and the final information you give us by 11 am .
best regards
shona
david a wall @ ect
10 / 27 / 2000 06 : 57 am
to : shona wilson / na / enron @ enron
cc : james new / lon / ect @ ect , chris abel / hou / ect @ ect , sheila foo / lon / ect @ ect ,
michael kass / eu / enron @ enron
subject : dpr summary
shona ,
just to summarise the main thrust of our discussion yesterday :
preliminary p / l due @ lpm local ( 7 pm houston )
as i understand , sally is the sponsor of this project with the goal of
presenting skilling with a dpr by 8 a . m . the following day .
i have asked all mgmrs to assess how we can achieve this . we will discuss
this in meeting early next week .
a major obstacle that we face , is limited it resource to re - engineer and
expedite our processes . this will require buy in of senior mgmt and
commercial business heads to reallocate resources away from current projects .
( james to discuss . )
additionally , there are certain dependencies on depts in houston , which are
prerequisite for dpr completion in london . notably continental power has a
dependency on portcalc it support in houston .
shift work and 16 hour days are more difficult ( not impossible ) to implement
in london as the labour market is very tight and such working conditions
would make enron very uncompetitive as a prospective employer . bear in mind
that we compete directly with all the big investment houses for the best
talent . a decision to use shift ' s would have to be made at the highest level
considering the possible implications on the corporate image . this might
suggest that additional it resource is the only feasible way forward .
i could easily say that we can do the preliminary p / l but i assume that we
wish to retain the qualatitive features of our reporting . therefore i have
tempered my comments to reflect what i believe are real issues that we in
london will have to address . we will get back to you with our proposals . ,
after we have discussed these issues early next week .
same day dpr
this is the long term goal and is such a large project that it would have to
be sponsored at the highest level here in europe .
james to discuss with fernley & mike .
regards ,
dave | 0 | ham | re : dpr summary | dear david ,
thanks for your message . to make our request clearer , for the past two weeks
we have put out a preliminary dpr every morning at 8 am our time ( seen by
commercial heads , jeff skilling , ken lay , rac , anyone with access to the
dpr ) . all groups world - wide are able to provide us preliminary figures by 7
am our time for :
positions ,
maturity gap ,
var , and
p & l
this is the information that we would like you to provide as well .
i understand that you have some hurdles to get over to be able to provide us
these figures , and while you keep working to get over these hurdles , we would
be happy if you provide us the information you are currently able to ( i . e . if
you can only provide p & l we ' d like to start with that , if you can only
provide us with one commodities information we would like to have that ) .
please remember that the information we are requesting is preliminary
information . we would expect that there would be some changes between what
you give us at 7 am and the final information you give us by 11 am .
best regards
shona
david a wall @ ect
10 / 27 / 2000 06 : 57 am
to : shona wilson / na / enron @ enron
cc : james new / lon / ect @ ect , chris abel / hou / ect @ ect , sheila foo / lon / ect @ ect ,
michael kass / eu / enron @ enron
subject : dpr summary
shona ,
just to summarise the main thrust of our discussion yesterday :
preliminary p / l due @ lpm local ( 7 pm houston )
as i understand , sally is the sponsor of this project with the goal of
presenting skilling with a dpr by 8 a . m . the following day .
i have asked all mgmrs to assess how we can achieve this . we will discuss
this in meeting early next week .
a major obstacle that we face , is limited it resource to re - engineer and
expedite our processes . this will require buy in of senior mgmt and
commercial business heads to reallocate resources away from current projects .
( james to discuss . )
additionally , there are certain dependencies on depts in houston , which are
prerequisite for dpr completion in london . notably continental power has a
dependency on portcalc it support in houston .
shift work and 16 hour days are more difficult ( not impossible ) to implement
in london as the labour market is very tight and such working conditions
would make enron very uncompetitive as a prospective employer . bear in mind
that we compete directly with all the big investment houses for the best
talent . a decision to use shift ' s would have to be made at the highest level
considering the possible implications on the corporate image . this might
suggest that additional it resource is the only feasible way forward .
i could easily say that we can do the preliminary p / l but i assume that we
wish to retain the qualatitive features of our reporting . therefore i have
tempered my comments to reflect what i believe are real issues that we in
london will have to address . we will get back to you with our proposals . ,
after we have discussed these issues early next week .
same day dpr
this is the long term goal and is such a large project that it would have to
be sponsored at the highest level here in europe .
james to discuss with fernley & mike .
regards ,
dave | 2000-10-27T00:00:00 |
28,366 | supervisory leadership series offering attention enron leaders ! ! ! ! !
due to an overwhelming response to last year ' s offerings , we ' re bringing back
the supervisory leadership series just in time to address prc feedback .
there are 5 topics to choose from , or attend the entire series , it ' s up to
you . the classes are :
working styles : working with people effectively tuesday , february 27 th
8 : 00 am - 12 : 00 pm in room eb 560 $ 300
this module helps participants understand how they perceive others and how
others perceive them on the basis of behavioral clues . it also discusses what
they can learn from those clues about working together effectively . as a
result of the module , participants will experience less interpersonal tension
with members of the team , or work unit , as a result of knowing how to adapt
to others , styles . they will also attain a more collaborative focus at work
because of energy saved from lack of interpersonal tension .
- understand the features of the four basic working styles
- understand how others perceive you with regard to working styles
- understand the concept of versatility and how it impacts working
together effectively
- practice versatility skills
- understand the supervision and leadership issues relating to working
styles
motivating for results tuesday , february 27 th 1 : 00 pm - 5 : 00 pm in room
eb 560 $ 300
this module will explore the supervisor , s or team leader , s role in
establishing conditions that allow direct reports and team members to
motivate themselves . as a result of the module , participants will gain new
models and tools to use in ways that influence employee motivation .
- understand the performance with fulfilment module
- define motivation
- relate the five factors of the leadership and motivation model to
motivation
- apply skills / tools to put the leadership and motivation model into
practice
- create an action plan for specific direct reports or team members
communicating effectively for leaders wednesday , february 28 th 8 : 00 am
- 5 : 00 pm in room eb 560 $ 500
participants will learn the skills that facilitate and promote good
communication , as well as the behaviors that indicate a willingness to
communicate with others . as a result of the module , participants will have
new models and tools that enhance their willingness and ability to
communicate in the workplace .
- understand the reason for , and consequences of , poor communication
- apply the tools of good communication : responsive listening ,
questioning , restating , and empathy
- practice using these communication tools in a work situation
- identify behaviors that indicate positive and negative attitudes toward
communicating with others
- develop a strategy for overcoming barriers to using communication
skills on the job
delegating and directing thursday , march lst 8 : 00 am - 12 : 00 pm in room
eb 560 $ 300
participants learn to balance two dimensions of management : delegating
appropriate responsibility and authority to employees , while maintaining
sufficient monitoring and control . as a result of the module , participants
will be able to utilize management practices that enhance efficiency and
empowerment of employees .
- understand the relationship between delegating and directing
- understand the task - related and employee - related considerations for
successful delegating and directing
- identify opportunities for increasing and enhancing delegation and
direction on the job
- support the increase of commitment and productivity while reducing
managerial stress
meeting leadership challenges thursday , march lst 1 : 00 pm - 5 : 00 pm in
room eb 560 $ 300
this module introduces the challenges and rewards of managing people and
helps participants create a plan for successfully meeting leadership
challenges . as a result of the module , participants will have an
understanding of the supervisory leadership role , and of their strengths as
they apply their leadership knowledge and skills .
- recognize three skills needed to survive in times of accelerated change
- review the process of growth and change as explained by the growth
curve
- understand the skills and abilities required of doers and managers
- develop a vision of the ideal manager / supervisor / team leader
- do a reality check through self - assessment .
- create an action plan to develop the skills , abilities and confidence
to make the vision a reality
coaching for performance friday , march 2 8 : 00 am - 12 : 00 pm in room
eb 560 $ 300
participants will understand and practice coaching skills for improving and
maintaining job performance and commitment . as a result of the module ,
participants will learn new approaches and tools to use in the workplace that
improve job skills , reinforce and increase performance levels , and enhance
employee job satisfaction and commitment .
- understand the definition and purposes of coaching
- use performance - problem analysis to identify the cause ( s ) of
performance problems and determine what the coaching focus should be
- practice performance observation and document skills
to register for any of these classes , click here ( ) , or call 713 853 - 0357 . | 0 | ham | supervisory leadership series offering | attention enron leaders ! ! ! ! !
due to an overwhelming response to last year ' s offerings , we ' re bringing back
the supervisory leadership series just in time to address prc feedback .
there are 5 topics to choose from , or attend the entire series , it ' s up to
you . the classes are :
working styles : working with people effectively tuesday , february 27 th
8 : 00 am - 12 : 00 pm in room eb 560 $ 300
this module helps participants understand how they perceive others and how
others perceive them on the basis of behavioral clues . it also discusses what
they can learn from those clues about working together effectively . as a
result of the module , participants will experience less interpersonal tension
with members of the team , or work unit , as a result of knowing how to adapt
to others , styles . they will also attain a more collaborative focus at work
because of energy saved from lack of interpersonal tension .
- understand the features of the four basic working styles
- understand how others perceive you with regard to working styles
- understand the concept of versatility and how it impacts working
together effectively
- practice versatility skills
- understand the supervision and leadership issues relating to working
styles
motivating for results tuesday , february 27 th 1 : 00 pm - 5 : 00 pm in room
eb 560 $ 300
this module will explore the supervisor , s or team leader , s role in
establishing conditions that allow direct reports and team members to
motivate themselves . as a result of the module , participants will gain new
models and tools to use in ways that influence employee motivation .
- understand the performance with fulfilment module
- define motivation
- relate the five factors of the leadership and motivation model to
motivation
- apply skills / tools to put the leadership and motivation model into
practice
- create an action plan for specific direct reports or team members
communicating effectively for leaders wednesday , february 28 th 8 : 00 am
- 5 : 00 pm in room eb 560 $ 500
participants will learn the skills that facilitate and promote good
communication , as well as the behaviors that indicate a willingness to
communicate with others . as a result of the module , participants will have
new models and tools that enhance their willingness and ability to
communicate in the workplace .
- understand the reason for , and consequences of , poor communication
- apply the tools of good communication : responsive listening ,
questioning , restating , and empathy
- practice using these communication tools in a work situation
- identify behaviors that indicate positive and negative attitudes toward
communicating with others
- develop a strategy for overcoming barriers to using communication
skills on the job
delegating and directing thursday , march lst 8 : 00 am - 12 : 00 pm in room
eb 560 $ 300
participants learn to balance two dimensions of management : delegating
appropriate responsibility and authority to employees , while maintaining
sufficient monitoring and control . as a result of the module , participants
will be able to utilize management practices that enhance efficiency and
empowerment of employees .
- understand the relationship between delegating and directing
- understand the task - related and employee - related considerations for
successful delegating and directing
- identify opportunities for increasing and enhancing delegation and
direction on the job
- support the increase of commitment and productivity while reducing
managerial stress
meeting leadership challenges thursday , march lst 1 : 00 pm - 5 : 00 pm in
room eb 560 $ 300
this module introduces the challenges and rewards of managing people and
helps participants create a plan for successfully meeting leadership
challenges . as a result of the module , participants will have an
understanding of the supervisory leadership role , and of their strengths as
they apply their leadership knowledge and skills .
- recognize three skills needed to survive in times of accelerated change
- review the process of growth and change as explained by the growth
curve
- understand the skills and abilities required of doers and managers
- develop a vision of the ideal manager / supervisor / team leader
- do a reality check through self - assessment .
- create an action plan to develop the skills , abilities and confidence
to make the vision a reality
coaching for performance friday , march 2 8 : 00 am - 12 : 00 pm in room
eb 560 $ 300
participants will understand and practice coaching skills for improving and
maintaining job performance and commitment . as a result of the module ,
participants will learn new approaches and tools to use in the workplace that
improve job skills , reinforce and increase performance levels , and enhance
employee job satisfaction and commitment .
- understand the definition and purposes of coaching
- use performance - problem analysis to identify the cause ( s ) of
performance problems and determine what the coaching focus should be
- practice performance observation and document skills
to register for any of these classes , click here ( ) , or call 713 853 - 0357 . | 2001-01-18T00:00:00 |
12,092 | re : fw : originations schedule louise ,
i have spoke with faith this morning and the 2 economic administrators for central ' s books . the business was being reflected in 4 different books on the report i received from you / faith , central mid - market , mid - west gas , central origination , and middle market - central gas total . this break out is inconsistent with the manner i reconcile this business daily and provided difficulty in determining the tie out to each of the originators . this is one business , not to the specific of me , but to a group of talented people who i want to represent in the most accurate manner . i simply wanted to prevent the information for this group being represented in a different method than i would be presenting on their behalf .
laura
- - - - - original message - - - - -
from : kitchen , louise
sent : thursday , july 05 , 2001 10 : 07 am
to : luce , laura
cc : killen , faith ; lavorato , john
subject : re : fw : originations schedule
i am trying to get the people below you - not your number - how does it split out ? does no - one else get any credit ?
from : laura luce / enron @ enronxgate on 07 / 05 / 2001 10 : 04 am
to : faith killen / enron @ enronxgate , louise kitchen / hou / ect @ ect , john j lavorato / enron @ enronxgate
cc :
subject : fw : originations schedule
faith ,
per our discussion , enovate and central are the same . enovate / chicago and central desk / houston should be included in my teams numbers and are reflective of my goals / objectives for the year 2001 . one number should be viewed as central / origination .
thanx ,
laura
- - - - - original message - - - - -
from : kitchen , louise
sent : thursday , july 05 , 2001 9 : 52 am
to : kitchen , louise
cc : vickers , frank w . ; tycholiz , barry ; luce , laura ; lagrasta , fred ; redmond , brian ; killen , faith
subject : re : originations schedule
sorry forgot the west below
barry $ 40 , 564 , 000
>
louise kitchen
07 / 05 / 2001 09 : 50 am
to : frank w vickers / enron @ enronxgate , barry tycholiz / enron @ enronxgate , laura luce / enron @ enronxgate , fred lagrasta / enron @ enronxgate , brian redmond / enron @ enronxgate
cc : faith killen / enron @ enronxgate
subject : re : originations schedule >
it might be quicker to just take the number from the dpr and split it out into a number by originator , as we do need the information for monday ' s prc . the numbers below are the total per region which need dividing up by originator .
frank $ 8 , 261 , 000
enovate $ 6 , 219 , 000
laura $ 2 , 357 , 000
fred $ 19 , 465 , 000
please send back the divided numbers to both faith and i .
thanks
louise
>
louise kitchen
07 / 05 / 2001 08 : 29 am
to : frank w vickers / enron @ enronxgate , barry tycholiz / enron @ enronxgate , laura luce / enron @ enronxgate , fred lagrasta / enron @ enronxgate , brian redmond / enron @ enronxgate
cc : faith killen / enron @ enronxgate
subject : originations schedule
these are the origination numbers by deal maker that we are using for prc purposes , can you check your guys and let faith know today if there are any discrepencies .
thanks
louise
- - - - - - - - - - - - - - - - - - - - - - forwarded by louise kitchen / hou / ect on 07 / 05 / 2001 08 : 27 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : faith killen / enron @ enronxgate on 07 / 04 / 2001 01 : 54 pm
to : louise kitchen / hou / ect @ ect
cc : wes colwell / enron @ enronxgate , tammie schoppe / hou / ect @ ect
subject : originations schedule
hi louise ,
as requested , attached is a file that contains june ytd originations by originator .
we ' ve arranged the file in the following sorts :
? by team
? by originator ( sorted alphabetically )
? by originator ( sorted by value )
? top 10 overall originators by value
? top 10 originators - gas
? top 10 originators - power
an item to note is that not all deals had a related individual ' s name ( such as enduser ) - we left the listing as it appears in the risk book in these cases .
we ' ll send you an update if the dpr amounts move ( the dpr isn ' t final yet . )
please let me know if you need any additional information !
> | 0 | ham | re : fw : originations schedule | louise ,
i have spoke with faith this morning and the 2 economic administrators for central ' s books . the business was being reflected in 4 different books on the report i received from you / faith , central mid - market , mid - west gas , central origination , and middle market - central gas total . this break out is inconsistent with the manner i reconcile this business daily and provided difficulty in determining the tie out to each of the originators . this is one business , not to the specific of me , but to a group of talented people who i want to represent in the most accurate manner . i simply wanted to prevent the information for this group being represented in a different method than i would be presenting on their behalf .
laura
- - - - - original message - - - - -
from : kitchen , louise
sent : thursday , july 05 , 2001 10 : 07 am
to : luce , laura
cc : killen , faith ; lavorato , john
subject : re : fw : originations schedule
i am trying to get the people below you - not your number - how does it split out ? does no - one else get any credit ?
from : laura luce / enron @ enronxgate on 07 / 05 / 2001 10 : 04 am
to : faith killen / enron @ enronxgate , louise kitchen / hou / ect @ ect , john j lavorato / enron @ enronxgate
cc :
subject : fw : originations schedule
faith ,
per our discussion , enovate and central are the same . enovate / chicago and central desk / houston should be included in my teams numbers and are reflective of my goals / objectives for the year 2001 . one number should be viewed as central / origination .
thanx ,
laura
- - - - - original message - - - - -
from : kitchen , louise
sent : thursday , july 05 , 2001 9 : 52 am
to : kitchen , louise
cc : vickers , frank w . ; tycholiz , barry ; luce , laura ; lagrasta , fred ; redmond , brian ; killen , faith
subject : re : originations schedule
sorry forgot the west below
barry $ 40 , 564 , 000
>
louise kitchen
07 / 05 / 2001 09 : 50 am
to : frank w vickers / enron @ enronxgate , barry tycholiz / enron @ enronxgate , laura luce / enron @ enronxgate , fred lagrasta / enron @ enronxgate , brian redmond / enron @ enronxgate
cc : faith killen / enron @ enronxgate
subject : re : originations schedule >
it might be quicker to just take the number from the dpr and split it out into a number by originator , as we do need the information for monday ' s prc . the numbers below are the total per region which need dividing up by originator .
frank $ 8 , 261 , 000
enovate $ 6 , 219 , 000
laura $ 2 , 357 , 000
fred $ 19 , 465 , 000
please send back the divided numbers to both faith and i .
thanks
louise
>
louise kitchen
07 / 05 / 2001 08 : 29 am
to : frank w vickers / enron @ enronxgate , barry tycholiz / enron @ enronxgate , laura luce / enron @ enronxgate , fred lagrasta / enron @ enronxgate , brian redmond / enron @ enronxgate
cc : faith killen / enron @ enronxgate
subject : originations schedule
these are the origination numbers by deal maker that we are using for prc purposes , can you check your guys and let faith know today if there are any discrepencies .
thanks
louise
- - - - - - - - - - - - - - - - - - - - - - forwarded by louise kitchen / hou / ect on 07 / 05 / 2001 08 : 27 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : faith killen / enron @ enronxgate on 07 / 04 / 2001 01 : 54 pm
to : louise kitchen / hou / ect @ ect
cc : wes colwell / enron @ enronxgate , tammie schoppe / hou / ect @ ect
subject : originations schedule
hi louise ,
as requested , attached is a file that contains june ytd originations by originator .
we ' ve arranged the file in the following sorts :
? by team
? by originator ( sorted alphabetically )
? by originator ( sorted by value )
? top 10 overall originators by value
? top 10 originators - gas
? top 10 originators - power
an item to note is that not all deals had a related individual ' s name ( such as enduser ) - we left the listing as it appears in the risk book in these cases .
we ' ll send you an update if the dpr amounts move ( the dpr isn ' t final yet . )
please let me know if you need any additional information !
> | 2001-07-05T00:00:00 |
7,327 | meeting to discuss research support to ees sharon / carol :
jeremy blachman called vince kaminski and requested a meeting to
discuss additional research support for ees , as soon as possible . the
participants in this meeting would be :
jeremy blachman
marty sunde
vince kaminski
krishna krishnarao
the soonest vince and krishna are available would be thursday ,
october 26 at the following times :
9 : 00 - 10 : 00 am
1 : 00 - 3 : 00 pm
and friday , october 27 th :
8 : 30 - 10 : 30 am
1 : 00 - 2 : 30 pm
please let me know what time would be best for marty and jeremy .
thanks !
shirley crenshaw
3 - 5290 | 0 | ham | meeting to discuss research support to ees | sharon / carol :
jeremy blachman called vince kaminski and requested a meeting to
discuss additional research support for ees , as soon as possible . the
participants in this meeting would be :
jeremy blachman
marty sunde
vince kaminski
krishna krishnarao
the soonest vince and krishna are available would be thursday ,
october 26 at the following times :
9 : 00 - 10 : 00 am
1 : 00 - 3 : 00 pm
and friday , october 27 th :
8 : 30 - 10 : 30 am
1 : 00 - 2 : 30 pm
please let me know what time would be best for marty and jeremy .
thanks !
shirley crenshaw
3 - 5290 | 2000-10-20T00:00:00 |
11,287 | ews weekly report of year prc reviews and action items status report below on ;
? outstanding feedback from year end across ews ( excluding eel - i believe they are almost 100 % )
? status of those bottom 2 prc category performers from year end .
we have formed a dedicated group under cindy skinner ' s management to deal with this across ews . what follows is her groups latest weekly report . please let me have any comments and i would ask for you continued support in completing the remaining reviews .
david
- - - - - original message - - - - -
from : conn , philip
sent : friday , march 23 , 2001 11 : 50 am
to : blaylock , john ; bonnard , janie ; bosien , teresa ; brown , daniel ; buck , gary ; cash , michelle ; curless , amanda ; davies , neil ; de la paz , janet ; dejesus , francisco ; doucet , dawn ; fernandes , fernanda ; funkhouser , shanna ; garcia , grace ; gilchrist , scott ; hankamer , cecilia ; herman , ben ; hickok , kim ; hill , dave ; jones , robert w . ; knudsen , sheila a . ; mayes , fran l . ; mcloughlin , hector ; melodick , kim ; migliore , todd ; neal , kathy ; o ' rourke , tim ; oxley , david ; padron , miguel ; schaeffer , caroline ; seleznov , ryan ; slone , jeanie ; treadwell , robin ; villarreal , norma ; walton , sheila ; yeverino , norma ; skinner , cindy
subject : ews weekly report of outstanding reviews and ni / issues employees
the stats for this week are attached .
we have made some improvement over last week ' s totals by decreasing the number of outstanding reviews from 802 to 591 . the greatest improvement was in esa . however , with time running out on the 3 / 31 / 01 deadline , we are still considerably short of attaining 100 % of the reviews returned to hr . the following are the counts of reviews still outstanding : enw 99 or 9 % , eim 18 or 16 % , calme 29 or 20 % , esa 52 or 22 % , ena 253 or 23 % , egm 87 or 25 % , apachi 53 or 41 % .
over the last week elisa tamez and i have contacting many of you to offer assistance in calling delinquent supervisors . please let us know if we can provide any further assistance . as well please continue to provide input of employees that should not be considered in the reporting , i . e . ( voluntary terminations , employees on fmla , special circumstances in international regions , etc . )
thanks ,
cindy / philip | 0 | ham | ews weekly report of year prc reviews and action items | status report below on ;
? outstanding feedback from year end across ews ( excluding eel - i believe they are almost 100 % )
? status of those bottom 2 prc category performers from year end .
we have formed a dedicated group under cindy skinner ' s management to deal with this across ews . what follows is her groups latest weekly report . please let me have any comments and i would ask for you continued support in completing the remaining reviews .
david
- - - - - original message - - - - -
from : conn , philip
sent : friday , march 23 , 2001 11 : 50 am
to : blaylock , john ; bonnard , janie ; bosien , teresa ; brown , daniel ; buck , gary ; cash , michelle ; curless , amanda ; davies , neil ; de la paz , janet ; dejesus , francisco ; doucet , dawn ; fernandes , fernanda ; funkhouser , shanna ; garcia , grace ; gilchrist , scott ; hankamer , cecilia ; herman , ben ; hickok , kim ; hill , dave ; jones , robert w . ; knudsen , sheila a . ; mayes , fran l . ; mcloughlin , hector ; melodick , kim ; migliore , todd ; neal , kathy ; o ' rourke , tim ; oxley , david ; padron , miguel ; schaeffer , caroline ; seleznov , ryan ; slone , jeanie ; treadwell , robin ; villarreal , norma ; walton , sheila ; yeverino , norma ; skinner , cindy
subject : ews weekly report of outstanding reviews and ni / issues employees
the stats for this week are attached .
we have made some improvement over last week ' s totals by decreasing the number of outstanding reviews from 802 to 591 . the greatest improvement was in esa . however , with time running out on the 3 / 31 / 01 deadline , we are still considerably short of attaining 100 % of the reviews returned to hr . the following are the counts of reviews still outstanding : enw 99 or 9 % , eim 18 or 16 % , calme 29 or 20 % , esa 52 or 22 % , ena 253 or 23 % , egm 87 or 25 % , apachi 53 or 41 % .
over the last week elisa tamez and i have contacting many of you to offer assistance in calling delinquent supervisors . please let us know if we can provide any further assistance . as well please continue to provide input of employees that should not be considered in the reporting , i . e . ( voluntary terminations , employees on fmla , special circumstances in international regions , etc . )
thanks ,
cindy / philip | 2001-03-26T00:00:00 |
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