message_id
int64 0
33.7k
| text
stringlengths 0
228k
| label
int64 0
1
| label_text
stringclasses 2
values | subject
stringlengths 0
3.15k
| message
stringlengths 0
228k
| date
timestamp[s] |
|---|---|---|---|---|---|---|
5,651 | re : off site with john griebling ' s optical network engineers ravi ,
sounds good .
vince
ravi thuraisingham @ enron communications on 03 / 06 / 2000 12 : 44 : 08 pm
to : shirley crenshaw / hou / ect @ ect , vince kaminski
cc :
subject : re : off site with john griebling ' s optical network engineers
john can ' t do it till after april 10 th . so we will shoot for april 13 , etc .
ravi .
- - - - - forwarded by ravi thuraisingham / enron communications on 03 / 06 / 00 12 : 32
pm - - - - -
john _ griebling @ palm . net
03 / 02 / 00 09 : 58 am
please respond to john _ griebling
to : ravi thuraisingham / enron communications @ enron communications
cc :
subject : re : off site with john griebling ' s optical network engineers
i won ' t be available until after april 10 th .
ravi _ thuraisingham @ enron . net wrote on 3 / 1 / 00 12 : 29 :
hi shirley , please give me a few dates form end of march to first week
in april
to do an offsite for vince ' s direct reports ( including myself ) and
selected ebs
research people . this includes , vince direct report from our research
group and
the following people fr | 0 | ham | re : off site with john griebling ' s optical network engineers | ravi ,
sounds good .
vince
ravi thuraisingham @ enron communications on 03 / 06 / 2000 12 : 44 : 08 pm
to : shirley crenshaw / hou / ect @ ect , vince kaminski
cc :
subject : re : off site with john griebling ' s optical network engineers
john can ' t do it till after april 10 th . so we will shoot for april 13 , etc .
ravi .
- - - - - forwarded by ravi thuraisingham / enron communications on 03 / 06 / 00 12 : 32
pm - - - - -
john _ griebling @ palm . net
03 / 02 / 00 09 : 58 am
please respond to john _ griebling
to : ravi thuraisingham / enron communications @ enron communications
cc :
subject : re : off site with john griebling ' s optical network engineers
i won ' t be available until after april 10 th .
ravi _ thuraisingham @ enron . net wrote on 3 / 1 / 00 12 : 29 :
hi shirley , please give me a few dates form end of march to first week
in april
to do an offsite for vince ' s direct reports ( including myself ) and
selected ebs
research people . this includes , vince direct report from our research
group and
the following people fr | 2000-03-06T00:00:00 |
9,395 | an interview shirley ,
please schedule an interview with konstantin on may 8 .
stinson , zimin , alex , tanya , krishna , myself .
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 05 / 02 / 2001
03 : 07 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
" konstantin n . kudin " on 05 / 02 / 2001 01 : 39 : 15 pm
to :
cc :
subject : an interview
dear dr . kaminski
we have talked earlier during your energy class at rice about career
opportunities in risk management at enron . if it is possible , i would like
to meet with you and people from your group next week , preferably tuesday
( may 8 ) . my time is flexible , i could come any time . other days are also
fine .
thank you very much in advance .
sincerely ,
konstantin kudin | 0 | ham | an interview | shirley ,
please schedule an interview with konstantin on may 8 .
stinson , zimin , alex , tanya , krishna , myself .
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 05 / 02 / 2001
03 : 07 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
" konstantin n . kudin " on 05 / 02 / 2001 01 : 39 : 15 pm
to :
cc :
subject : an interview
dear dr . kaminski
we have talked earlier during your energy class at rice about career
opportunities in risk management at enron . if it is possible , i would like
to meet with you and people from your group next week , preferably tuesday
( may 8 ) . my time is flexible , i could come any time . other days are also
fine .
thank you very much in advance .
sincerely ,
konstantin kudin | 2001-05-02T00:00:00 |
8,947 | working at home this afternoon i will be working from my home this afternoon after 1 : 30 pm . my extension will be forwarded to my home . if i happen to be away from the phone taking care of my mother , leave a message and i will return your call immediately . there is a generic message on my home phone , " please leave message after tone " , so don ' t worry that you have the wrong number . you may reach me by email at adupont @ pdq . net . in the next several days , i will be set up to dial in and you will be able to use my regualr enron email address . i will be at my desk most days , but until we have mother settled in the rehab facility there may be some days or afternoons that i will be working at home . please do not hesitate to contact me if you need meetings set up or any other thing that you would normally request of me . thanks . anita | 0 | ham | working at home this afternoon | i will be working from my home this afternoon after 1 : 30 pm . my extension will be forwarded to my home . if i happen to be away from the phone taking care of my mother , leave a message and i will return your call immediately . there is a generic message on my home phone , " please leave message after tone " , so don ' t worry that you have the wrong number . you may reach me by email at adupont @ pdq . net . in the next several days , i will be set up to dial in and you will be able to use my regualr enron email address . i will be at my desk most days , but until we have mother settled in the rehab facility there may be some days or afternoons that i will be working at home . please do not hesitate to contact me if you need meetings set up or any other thing that you would normally request of me . thanks . anita | 2001-04-09T00:00:00 |
8,122 | ca for henwood engagement bonnie ,
thanks for getting back to me on friday .
enron will be contracting with henwood for henwood to provide an analysis of
the indian power system . however , enron will be providing a significant
part of the input data used for the study including our views on the indian
market in the future and also very detailed information about our dabhol
plant . we want to be sure that the information provided by us to henwood
remains confidential . we also want to be sure that henwood considers as
confidential the results of this study provided by henwood to enron .
the enron and related entities providing information are likely to include
dabhol power corp .
enron india
also possibly enron north america
the primary henwood contact for the project is robert schenck in australia at
henwood energy services , inc .
26 greenhill road
wayville , sa 5034
australia
the henwood corporate office is in sacramento :
2710 gateway oaks drive
suite 300 north
sacramento , ca 95833
let me know if you need any additional information .
- - stinson
x 34748 | 0 | ham | ca for henwood engagement | bonnie ,
thanks for getting back to me on friday .
enron will be contracting with henwood for henwood to provide an analysis of
the indian power system . however , enron will be providing a significant
part of the input data used for the study including our views on the indian
market in the future and also very detailed information about our dabhol
plant . we want to be sure that the information provided by us to henwood
remains confidential . we also want to be sure that henwood considers as
confidential the results of this study provided by henwood to enron .
the enron and related entities providing information are likely to include
dabhol power corp .
enron india
also possibly enron north america
the primary henwood contact for the project is robert schenck in australia at
henwood energy services , inc .
26 greenhill road
wayville , sa 5034
australia
the henwood corporate office is in sacramento :
2710 gateway oaks drive
suite 300 north
sacramento , ca 95833
let me know if you need any additional information .
- - stinson
x 34748 | 2001-01-08T00:00:00 |
7,663 | alp proposal carrie ,
i am sending you , as promised , the draft of my proposal . please , let me know
if it meets your requirements . i shall be glad to revise it and send you the
final version .
vince kaminski
* * * * * * * * * *
one of the most important trends in the energy industry during the last year
was proliferation of electronic , internet based , trading platforms for
wholesale markets and for retail operations . websites such as
www . houstonstreet . com and www . altranet . com provide facilities for matching
buyers and sellers . the website operated by enron corp . ( enrononline )
represents an alternative solution under which enron acts as a principal in
every transaction . on the retail ? side , many retail e - commerce companies
offering auctions , reverse auctions and platforms for creation of buyers ,
clubs challenge incumbent utilities . the objective of this project is to
evaluate the impact of e - commerce ( both at the wholesale and retail levels )
on the energy industry . the study will start with comparative analysis of
different wholesale trading and retail e - commerce business models and
evaluation of their long - term viability . the next step will be assessment of
the impact of e - commerce on price dynamics , profit margins and the level of
competition in different energy markets . a separate section will be devoted
to analysis of reaction of companies and organizations affected by e - commerce
( incumbent utilities , organized exchanges , energy brokers ) to the new
competitive threat , and different strategies they implement to meet the
challenge . organized exchanges have accelerated in many cases the transition
to screen - based trading that has been already replacing open outcry
technology . power and natural gas marketers have created alliances ( with
other industry players , software companies and electronic exchanges ) to
create their own trading platforms . gas and electric utilities embarked on
development of vertical and horizontal e - commerce platforms , offering
services to households and other companies in the energy industry . the
critical question is how quickly different companies should react to the
competitive threats and how fast they should exploit opportunities created by
the internet based economy . it ' s quite obvious that the internet revolution
will change the energy industry ' s landscape during the next few years . the
objective of the project is to provide answers to the questions posed above ,
based on the currently available information . additionally , the participants
should come up with fallback strategies the energy companies should implement
in case the currently ? expected trends fail to materialize .
_ | 0 | ham | alp proposal | carrie ,
i am sending you , as promised , the draft of my proposal . please , let me know
if it meets your requirements . i shall be glad to revise it and send you the
final version .
vince kaminski
* * * * * * * * * *
one of the most important trends in the energy industry during the last year
was proliferation of electronic , internet based , trading platforms for
wholesale markets and for retail operations . websites such as
www . houstonstreet . com and www . altranet . com provide facilities for matching
buyers and sellers . the website operated by enron corp . ( enrononline )
represents an alternative solution under which enron acts as a principal in
every transaction . on the retail ? side , many retail e - commerce companies
offering auctions , reverse auctions and platforms for creation of buyers ,
clubs challenge incumbent utilities . the objective of this project is to
evaluate the impact of e - commerce ( both at the wholesale and retail levels )
on the energy industry . the study will start with comparative analysis of
different wholesale trading and retail e - commerce business models and
evaluation of their long - term viability . the next step will be assessment of
the impact of e - commerce on price dynamics , profit margins and the level of
competition in different energy markets . a separate section will be devoted
to analysis of reaction of companies and organizations affected by e - commerce
( incumbent utilities , organized exchanges , energy brokers ) to the new
competitive threat , and different strategies they implement to meet the
challenge . organized exchanges have accelerated in many cases the transition
to screen - based trading that has been already replacing open outcry
technology . power and natural gas marketers have created alliances ( with
other industry players , software companies and electronic exchanges ) to
create their own trading platforms . gas and electric utilities embarked on
development of vertical and horizontal e - commerce platforms , offering
services to households and other companies in the energy industry . the
critical question is how quickly different companies should react to the
competitive threats and how fast they should exploit opportunities created by
the internet based economy . it ' s quite obvious that the internet revolution
will change the energy industry ' s landscape during the next few years . the
objective of the project is to provide answers to the questions posed above ,
based on the currently available information . additionally , the participants
should come up with fallback strategies the energy companies should implement
in case the currently ? expected trends fail to materialize .
_ | 2000-11-19T00:00:00 |
23,754 | sec var gary and georgeanne let me know that all but 487 shares of eog are hedged
( without the eog leg , the cerberus total return swap is really only a loan ,
and its var is about $ 500 thousand ) . i have recalculated , and the total
return swaps var fell to $ 34 million in december and $ 18 million in
november . december var is still up substantially from november , and the
primary reason now is that since natural gas prices are up so much , the value
of the bammel looper and mid texas total return swaps has increased . the
more money we make , the more we can potentially lose .
regards ,
eugenio | 0 | ham | sec var | gary and georgeanne let me know that all but 487 shares of eog are hedged
( without the eog leg , the cerberus total return swap is really only a loan ,
and its var is about $ 500 thousand ) . i have recalculated , and the total
return swaps var fell to $ 34 million in december and $ 18 million in
november . december var is still up substantially from november , and the
primary reason now is that since natural gas prices are up so much , the value
of the bammel looper and mid texas total return swaps has increased . the
more money we make , the more we can potentially lose .
regards ,
eugenio | 2001-01-25T00:00:00 |
5,206 | p . c . we spoke about the p . c . for trisha tlapek .
location eb 3132 b .
co . # 0011
r . c . 100038
thanks
kevin moore
x 34710 | 0 | ham | p . c . | we spoke about the p . c . for trisha tlapek .
location eb 3132 b .
co . # 0011
r . c . 100038
thanks
kevin moore
x 34710 | 1999-12-20T00:00:00 |
18,974 | cervantes brennan ,
75 % off for all new softwares .
windowxp , photoshop , window 2003 . . . etcmore
symbolic , very well that . | 1 | spam | cervantes | brennan ,
75 % off for all new softwares .
windowxp , photoshop , window 2003 . . . etcmore
symbolic , very well that .
| 2004-05-21T00:00:00 |
13,777 | enron mentions usa : update 1 - fitch cuts ratings on enron debt .
reuters english news service - 11 / 05 / 01
fitch downgrades enron to ` bbb - ' ; maintains rtg watch negative
business wire - 11 / 05 / 01
enron sr . unsecured debt cut to triple - b - minus by fitch
capital markets report - 11 / 05 / 01
usa : u . s . stocks seen higher at open on rate cut optimism .
reuters english news service - 11 / 05 / 01
uk : british power trading slow , prompt lifted early .
reuters english news service - 11 / 05 / 01
usa : update 1 - fitch cuts ratings on enron debt .
11 / 05 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 5 ( reuters ) - fitch on monday cut its ratings on the debt of embattled energy trader enron corp . and warned that it may cut the ratings again if the company does not reduce its debts , if its trading business deteriorates or if charges exceed present estimates .
" today ' s rating action reflects the difficulties enron faces in managing its liquidity position in the face of an erosion in investor confidence , " fitch said .
fitch cut houston - based enron ' s senior unsecured debt to " bbb - minus , " one notch above junk , from " bbb - plus , " its subordinated debt to " bb " from " bbb , " and its commercial paper to " f 3 " from " f 2 . " the rating agency also downgraded enron ' s preferred stock to " b - plus " from " bbb - minus . "
fitch said reducing debt and exiting problem businesses are a management priority , and if enron is successful , the company ' s credit profile will improve . " however , the targeted transactions have varying degrees of execution risk , particularly the divestiture of assets in emerging - market countries , " fitch said .
fitch ' s cut follows downgrades last week by moody ' s investors service and standard & poor ' s . enron ' s shares have lost more than 65 percent in less than a month amid concerns about financial practices that triggered an investigation by the u . s . securities and exchange commission .
s & p last thursday cut enron ' s corporate credit and senior unsecured debt ratings to " bbb , " two notches above junk status , from " bbb - plus . " moody ' s investors service last monday cut enron ' s senior unsecured debt to " baa 2 , " two notches above junk , from " baal . "
downgrades could make it tougher for enron to issue debt and run its day - to - day business if fellow marketers and traders demand more collateral .
enron lined up $ 1 billion of new credit last week but may still have to sell assets to head off a credit squeeze and restore investor confidence , according to investment bankers .
in its third - quarter results report last month , enron said it expected over a billion dollars of write - offs related to soured investments . it also announced an extra $ 1 . 2 billion write - down of shareholder equity related to investments that were not recorded on its balance sheet .
enron ' s 6 . 4 percent notes due in 2006 , bid at about 80 cents on the dollar a week ago , were bid at 73 cents on the dollar on monday , a strategist said .
enron shares were up 40 cents , or 3 . 55 percent , at $ 11 . 67 in midday trade on the new york stock exchange . the shares have been in free - fall for two weeks .
copyright ? 2000 dow jones maintains rtg watch negative
11 / 05 / 2001
business wire
( copyright ( c ) 2001 , business wire )
new york - - ( business wire ) - - nov . 5 , 2001 - - fitch downgrades enron ' s outstanding securities as follows : senior unsecured debt to ` bbb - ' from ` bbb + ' ; subordinated debt to ` bb ` from ` bbb ' ; and preferred stock to ` b + ' from ` bbb - ` . enron ' s commercial paper has been downgraded to ` f 3 ' from ` f 2 ' . the senior unsecured debt ratings of its pipeline subsidiaries , northern natural gas co . and transwestern pipeline co . , are lowered to ` bbb - ' from ` a - ` . all the above securities remain on rating watch negative status . fitch would consider further downgrades if enron were unable to make progress in reducing debt , if its wholesale marketing and trading business were to show signs of material deterioration , or if expenses and charges related to the disposition of non - core businesses and investments exceed present estimations .
today ' s rating action reflects the difficulties enron faces in managing its liquidity position in the face of an erosion in investor confidence . this follows the recognition of a substantial diminution in value of its global merchant investments , which were partly financed with an aggressive use of off - balance sheet vehicles . enron should be able to manage through this challenging environment , ultimately recognizing the values of the company ' s core businesses .
in october , enron fully drew down the bulk of its committed bank facilities and paid down outstanding commercial paper , leaving it approximately $ 1 billion of cash on hand to support normal business activities . in addition , the company is in the process of executing a new $ 1 billion secured bank facility that pledges the assets of northern natural and transwestern . unsecured creditors are structurally subordinated to the secured lenders reducing asset coverage . while its current cash position appears adequate , securing additional capital sources through asset sales or raising additional capital would be a favorable development .
a management priority is debt reduction and the exiting of problem businesses . clearly , these actions , if completed as envisioned will reduce risk and improve the company ' s credit profile . however , the targeted transactions have varying degrees of execution risk , particularly the divestiture of assets in emerging market countries . an additional uncertainty is the securities and exchange commission ' s ( sec ) investigation of certain enron sponsored partnerships . the outcome and potential impact of the sec activity is difficult to predict .
the largest announced transaction is the sale of portland general electric co . ( pge ) to northwest natural gas co . the sale appears to be moving ahead as planned and has the favorable support of key local interests . however , the transaction is not expected to close for another year .
enron ' s core businesses have continued to generate strong , predictable performance and have significant value . prospectively , operations at enron ' s domestic regulated pipelines would be less affected by any lingering uncertainty at enron . also , pge is expected to generate positive and predictable earnings and cash flow over the next year . combined , the pipelines and pge generate nearly 25 % of ebitda . wholesale and retail energy services segments have also consistently reported predictable and growing returns . specifically , commodity marketing and trading activities , which comprise the most profitable and largest part of wholesale operations , have generated steady volume growth and stable unit margins . however , if enron were unable to maintain the support of its counterparties or exhibited diminished financial flexibility , these businesses would be harmed .
contact : fitch , new york ralph pellecchia , 212 / 908 - 0586 robert grossman , 212 / 908 - 0535 hugh welton , 212 / 908 - 0746
11 : 13 est november 5 , 2001
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron sr . unsecured debt cut to triple - b - minus by fitch
11 / 05 / 2001
capital markets report
( copyright ( c ) 2001 , dow jones & company , inc . )
new york - ( dow jones ) - fitch downgraded enron corp . ' s ( ene ) senior unsecured debt ratings monday to triple - b - minus from triple - b - plus , putting the houston energy and trading giant ' s credit rating just one notch above noninvestment - grade or junk status .
in its action , the rating agency was more aggressive than moody ' s investors service and standard joe . niedzielski @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : u . s . stocks seen higher at open on rate cut optimism .
by chelsea emery
11 / 05 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 5 ( reuters ) - stocks are seen climbing at the open of trading on monday , as wall street looks for another half - point interest - rate cut on tuesday to help put the lagging economy back on track and boost slumping corporate profits .
equities are getting an additional boost from the treasury ' s decision last week to stop selling 30 - year bonds , sending cash flowing out of bonds and into stocks , traders said .
the gain in futures is " the half - point talking , " said brian finnerty , co - head of capital markets at c . e . unterberg towbin . " the cut continues the aggressive moves on the part of the fed , and it comes on top of a huge move by the treasury . the treasury did more in one fell swoop last week than the fed ' s done all year . "
technology stocks rose in early trading , as investors geared up for cisco systems inc . ' s quarterly results after exchanges close . analysts said the networking gear maker is likely to signal lagging sales are near a turnaround .
december futures for the standard & poor ' s 500 index climbed 8 points , or 0 . 7 percent , to 1 , 097 . 50 , while december futures for the nasdaq composite index rose 21 points , or 1 . 5 percent , to 1 , 454 . 50 . the indicative dow jones index , which represents a basket of dow stocks trading in europe , slipped 2 . 4 points , or 0 . 02 percent .
the u . s . federal reserve is widely expected to cut interest rates for a 10 th time this year at its meeting on tuesday , to help jump - start the lagging economy . lower interest rates cut borrowing costs and can spur business development .
blue chips rallied on friday , helping the broader market eke out gains , as investors shrugged off a report of the biggest u . s . job losses in more than two decades in october to bet on an economic recovery next year .
" any kind of bad news hasn ' t been able to hold the market down , " said bob basel , a listed trader with salomon smith barney .
cisco rose to $ 17 . 80 on electronic trading system instinet , up from its close of $ 17 . 26 . the company , which makes networking gear that helps power the internet , is expected to report fiscal first - quarter results after exchanges close . cisco is likely to signal sales are near a rebound , indicating the lagging tech industry has reached its low point and will begin to rebound soon , analysts and investors said .
microsoft corp . rose to $ 61 . 74 from its friday close of $ 61 . 40 . microsoft and the justice department reached a settlement agreement last week . still , state antitrust enforcers have found what they say are serious flaws in the settlement , and the two sides may not be able to sign the deal in its current form , the wall street journal reported in its online edition on monday . the european union said on monday its probe of microsoft continues despite the settlement .
enron corp . , the struggling energy giant , rose to $ 11 . 80 on instinet , up from its close of $ 11 . 27 on friday . royal dutch / shell group may mount an $ 11 billion bid for enron , the uk ' s independent paper reported on sunday .
enron lined up $ 1 billion of new credit last week , but it still suffered a second credit rating cut amid concerns about questionable financial transactions that have triggered an investigation by the u . s . securities and exchange commission .
pixar animation studios inc . jumped to $ 37 . 25 from a friday close of $ 36 . 70 . pixar and walt disney co . scored a monstrous opening with their latest family cartoon " monsters , inc . , " scaring up $ 63 . 5 million in ticket sales in its first three days , according to studio estimates issued on sunday .
baxter international inc . fell to $ 47 . 60 on instinet from its close of $ 49 after it said preliminary tests show a processing fluid used in its manufacturing operations in sweden may have played a role in kidney patient deaths linked to dialysis machines .
baxter said it plans to permanently discontinue making the product and warned it will take a fourth - quarter charge to cover costs related to the product cancellation .
european markets gained on monday , led by technology and auto stocks . solid wall street futures and the prospect of more interest rate cuts later this week buoyed sentiment , traders said . wall street ' s resiliency on friday , when investors looked beyond poor payrolls numbers and bet on a recovery next year , also helped steady european nerves .
the ftse eurotop 300 index was up 1 . 5 percent and the euro stoxx 50 index rose 1 . 8 percent . technology and auto stocks were the strongest as players funneled cash back into sectors which fell hard after the sept . 11 attacks in the united states .
tokyo stocks inched higher in extremely thin trade on monday after gains in sony corp and other select blue - chip stocks buoyed a market still wary of dwindling earnings and a bleak outlook for the u . s . economy .
the benchmark nikkei average climbed 0 . 61 percent or 63 . 76 points to 10 , 447 . 54 , landing in positive turf for the second straight session .
copyright ? 2000 dow jones & company , inc . all rights reserved .
uk : british power trading slow , prompt lifted early .
11 / 05 / 2001
reuters english news service
( c ) reuters limited 2001 .
london , nov 5 ( reuters ) - british electricity trading was slow on monday , with traders saying prompt prices were ending broadly unchanged after a higher start in part because of a band of colder weather affecting much of the country .
" it ' s a fairly quiet market , still lacking liquidity , " said one trader , referring to the reluctance of some companies to deal with enron .
in the u . s . the securities and exchange commision is investigating substantial losses at enron relating to a private equity operation run by the group ' s former chief financial officer .
traders said the prompt market opened strong with day - ahead baseload lifted at 20 pounds a megawatt hour .
but the early strength evaporated during the day and in late trade the contract was down to about 17 pounds .
december baseload gained early support from day - ahead . it was finishing the day at about 18 . 40 pounds from a low of 18 . 34 pounds .
ql 01 baseload was seen as high as 19 . 45 pounds before it fell to 19 . 30 / 19 . 35 pounds in the afternoon .
summer 02 baseload was a touch stronger at 17 . 25 pounds while winter 02 was assessed at 19 . 25 pounds .
copyright ? 2000 dow jones & company , inc . all rights reserved . | 0 | ham | enron mentions | usa : update 1 - fitch cuts ratings on enron debt .
reuters english news service - 11 / 05 / 01
fitch downgrades enron to ` bbb - ' ; maintains rtg watch negative
business wire - 11 / 05 / 01
enron sr . unsecured debt cut to triple - b - minus by fitch
capital markets report - 11 / 05 / 01
usa : u . s . stocks seen higher at open on rate cut optimism .
reuters english news service - 11 / 05 / 01
uk : british power trading slow , prompt lifted early .
reuters english news service - 11 / 05 / 01
usa : update 1 - fitch cuts ratings on enron debt .
11 / 05 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 5 ( reuters ) - fitch on monday cut its ratings on the debt of embattled energy trader enron corp . and warned that it may cut the ratings again if the company does not reduce its debts , if its trading business deteriorates or if charges exceed present estimates .
" today ' s rating action reflects the difficulties enron faces in managing its liquidity position in the face of an erosion in investor confidence , " fitch said .
fitch cut houston - based enron ' s senior unsecured debt to " bbb - minus , " one notch above junk , from " bbb - plus , " its subordinated debt to " bb " from " bbb , " and its commercial paper to " f 3 " from " f 2 . " the rating agency also downgraded enron ' s preferred stock to " b - plus " from " bbb - minus . "
fitch said reducing debt and exiting problem businesses are a management priority , and if enron is successful , the company ' s credit profile will improve . " however , the targeted transactions have varying degrees of execution risk , particularly the divestiture of assets in emerging - market countries , " fitch said .
fitch ' s cut follows downgrades last week by moody ' s investors service and standard & poor ' s . enron ' s shares have lost more than 65 percent in less than a month amid concerns about financial practices that triggered an investigation by the u . s . securities and exchange commission .
s & p last thursday cut enron ' s corporate credit and senior unsecured debt ratings to " bbb , " two notches above junk status , from " bbb - plus . " moody ' s investors service last monday cut enron ' s senior unsecured debt to " baa 2 , " two notches above junk , from " baal . "
downgrades could make it tougher for enron to issue debt and run its day - to - day business if fellow marketers and traders demand more collateral .
enron lined up $ 1 billion of new credit last week but may still have to sell assets to head off a credit squeeze and restore investor confidence , according to investment bankers .
in its third - quarter results report last month , enron said it expected over a billion dollars of write - offs related to soured investments . it also announced an extra $ 1 . 2 billion write - down of shareholder equity related to investments that were not recorded on its balance sheet .
enron ' s 6 . 4 percent notes due in 2006 , bid at about 80 cents on the dollar a week ago , were bid at 73 cents on the dollar on monday , a strategist said .
enron shares were up 40 cents , or 3 . 55 percent , at $ 11 . 67 in midday trade on the new york stock exchange . the shares have been in free - fall for two weeks .
copyright ? 2000 dow jones maintains rtg watch negative
11 / 05 / 2001
business wire
( copyright ( c ) 2001 , business wire )
new york - - ( business wire ) - - nov . 5 , 2001 - - fitch downgrades enron ' s outstanding securities as follows : senior unsecured debt to ` bbb - ' from ` bbb + ' ; subordinated debt to ` bb ` from ` bbb ' ; and preferred stock to ` b + ' from ` bbb - ` . enron ' s commercial paper has been downgraded to ` f 3 ' from ` f 2 ' . the senior unsecured debt ratings of its pipeline subsidiaries , northern natural gas co . and transwestern pipeline co . , are lowered to ` bbb - ' from ` a - ` . all the above securities remain on rating watch negative status . fitch would consider further downgrades if enron were unable to make progress in reducing debt , if its wholesale marketing and trading business were to show signs of material deterioration , or if expenses and charges related to the disposition of non - core businesses and investments exceed present estimations .
today ' s rating action reflects the difficulties enron faces in managing its liquidity position in the face of an erosion in investor confidence . this follows the recognition of a substantial diminution in value of its global merchant investments , which were partly financed with an aggressive use of off - balance sheet vehicles . enron should be able to manage through this challenging environment , ultimately recognizing the values of the company ' s core businesses .
in october , enron fully drew down the bulk of its committed bank facilities and paid down outstanding commercial paper , leaving it approximately $ 1 billion of cash on hand to support normal business activities . in addition , the company is in the process of executing a new $ 1 billion secured bank facility that pledges the assets of northern natural and transwestern . unsecured creditors are structurally subordinated to the secured lenders reducing asset coverage . while its current cash position appears adequate , securing additional capital sources through asset sales or raising additional capital would be a favorable development .
a management priority is debt reduction and the exiting of problem businesses . clearly , these actions , if completed as envisioned will reduce risk and improve the company ' s credit profile . however , the targeted transactions have varying degrees of execution risk , particularly the divestiture of assets in emerging market countries . an additional uncertainty is the securities and exchange commission ' s ( sec ) investigation of certain enron sponsored partnerships . the outcome and potential impact of the sec activity is difficult to predict .
the largest announced transaction is the sale of portland general electric co . ( pge ) to northwest natural gas co . the sale appears to be moving ahead as planned and has the favorable support of key local interests . however , the transaction is not expected to close for another year .
enron ' s core businesses have continued to generate strong , predictable performance and have significant value . prospectively , operations at enron ' s domestic regulated pipelines would be less affected by any lingering uncertainty at enron . also , pge is expected to generate positive and predictable earnings and cash flow over the next year . combined , the pipelines and pge generate nearly 25 % of ebitda . wholesale and retail energy services segments have also consistently reported predictable and growing returns . specifically , commodity marketing and trading activities , which comprise the most profitable and largest part of wholesale operations , have generated steady volume growth and stable unit margins . however , if enron were unable to maintain the support of its counterparties or exhibited diminished financial flexibility , these businesses would be harmed .
contact : fitch , new york ralph pellecchia , 212 / 908 - 0586 robert grossman , 212 / 908 - 0535 hugh welton , 212 / 908 - 0746
11 : 13 est november 5 , 2001
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron sr . unsecured debt cut to triple - b - minus by fitch
11 / 05 / 2001
capital markets report
( copyright ( c ) 2001 , dow jones & company , inc . )
new york - ( dow jones ) - fitch downgraded enron corp . ' s ( ene ) senior unsecured debt ratings monday to triple - b - minus from triple - b - plus , putting the houston energy and trading giant ' s credit rating just one notch above noninvestment - grade or junk status .
in its action , the rating agency was more aggressive than moody ' s investors service and standard joe . niedzielski @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : u . s . stocks seen higher at open on rate cut optimism .
by chelsea emery
11 / 05 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 5 ( reuters ) - stocks are seen climbing at the open of trading on monday , as wall street looks for another half - point interest - rate cut on tuesday to help put the lagging economy back on track and boost slumping corporate profits .
equities are getting an additional boost from the treasury ' s decision last week to stop selling 30 - year bonds , sending cash flowing out of bonds and into stocks , traders said .
the gain in futures is " the half - point talking , " said brian finnerty , co - head of capital markets at c . e . unterberg towbin . " the cut continues the aggressive moves on the part of the fed , and it comes on top of a huge move by the treasury . the treasury did more in one fell swoop last week than the fed ' s done all year . "
technology stocks rose in early trading , as investors geared up for cisco systems inc . ' s quarterly results after exchanges close . analysts said the networking gear maker is likely to signal lagging sales are near a turnaround .
december futures for the standard & poor ' s 500 index climbed 8 points , or 0 . 7 percent , to 1 , 097 . 50 , while december futures for the nasdaq composite index rose 21 points , or 1 . 5 percent , to 1 , 454 . 50 . the indicative dow jones index , which represents a basket of dow stocks trading in europe , slipped 2 . 4 points , or 0 . 02 percent .
the u . s . federal reserve is widely expected to cut interest rates for a 10 th time this year at its meeting on tuesday , to help jump - start the lagging economy . lower interest rates cut borrowing costs and can spur business development .
blue chips rallied on friday , helping the broader market eke out gains , as investors shrugged off a report of the biggest u . s . job losses in more than two decades in october to bet on an economic recovery next year .
" any kind of bad news hasn ' t been able to hold the market down , " said bob basel , a listed trader with salomon smith barney .
cisco rose to $ 17 . 80 on electronic trading system instinet , up from its close of $ 17 . 26 . the company , which makes networking gear that helps power the internet , is expected to report fiscal first - quarter results after exchanges close . cisco is likely to signal sales are near a rebound , indicating the lagging tech industry has reached its low point and will begin to rebound soon , analysts and investors said .
microsoft corp . rose to $ 61 . 74 from its friday close of $ 61 . 40 . microsoft and the justice department reached a settlement agreement last week . still , state antitrust enforcers have found what they say are serious flaws in the settlement , and the two sides may not be able to sign the deal in its current form , the wall street journal reported in its online edition on monday . the european union said on monday its probe of microsoft continues despite the settlement .
enron corp . , the struggling energy giant , rose to $ 11 . 80 on instinet , up from its close of $ 11 . 27 on friday . royal dutch / shell group may mount an $ 11 billion bid for enron , the uk ' s independent paper reported on sunday .
enron lined up $ 1 billion of new credit last week , but it still suffered a second credit rating cut amid concerns about questionable financial transactions that have triggered an investigation by the u . s . securities and exchange commission .
pixar animation studios inc . jumped to $ 37 . 25 from a friday close of $ 36 . 70 . pixar and walt disney co . scored a monstrous opening with their latest family cartoon " monsters , inc . , " scaring up $ 63 . 5 million in ticket sales in its first three days , according to studio estimates issued on sunday .
baxter international inc . fell to $ 47 . 60 on instinet from its close of $ 49 after it said preliminary tests show a processing fluid used in its manufacturing operations in sweden may have played a role in kidney patient deaths linked to dialysis machines .
baxter said it plans to permanently discontinue making the product and warned it will take a fourth - quarter charge to cover costs related to the product cancellation .
european markets gained on monday , led by technology and auto stocks . solid wall street futures and the prospect of more interest rate cuts later this week buoyed sentiment , traders said . wall street ' s resiliency on friday , when investors looked beyond poor payrolls numbers and bet on a recovery next year , also helped steady european nerves .
the ftse eurotop 300 index was up 1 . 5 percent and the euro stoxx 50 index rose 1 . 8 percent . technology and auto stocks were the strongest as players funneled cash back into sectors which fell hard after the sept . 11 attacks in the united states .
tokyo stocks inched higher in extremely thin trade on monday after gains in sony corp and other select blue - chip stocks buoyed a market still wary of dwindling earnings and a bleak outlook for the u . s . economy .
the benchmark nikkei average climbed 0 . 61 percent or 63 . 76 points to 10 , 447 . 54 , landing in positive turf for the second straight session .
copyright ? 2000 dow jones & company , inc . all rights reserved .
uk : british power trading slow , prompt lifted early .
11 / 05 / 2001
reuters english news service
( c ) reuters limited 2001 .
london , nov 5 ( reuters ) - british electricity trading was slow on monday , with traders saying prompt prices were ending broadly unchanged after a higher start in part because of a band of colder weather affecting much of the country .
" it ' s a fairly quiet market , still lacking liquidity , " said one trader , referring to the reluctance of some companies to deal with enron .
in the u . s . the securities and exchange commision is investigating substantial losses at enron relating to a private equity operation run by the group ' s former chief financial officer .
traders said the prompt market opened strong with day - ahead baseload lifted at 20 pounds a megawatt hour .
but the early strength evaporated during the day and in late trade the contract was down to about 17 pounds .
december baseload gained early support from day - ahead . it was finishing the day at about 18 . 40 pounds from a low of 18 . 34 pounds .
ql 01 baseload was seen as high as 19 . 45 pounds before it fell to 19 . 30 / 19 . 35 pounds in the afternoon .
summer 02 baseload was a touch stronger at 17 . 25 pounds while winter 02 was assessed at 19 . 25 pounds .
copyright ? 2000 dow jones & company , inc . all rights reserved . | 2001-11-05T00:00:00 |
3,898 | nvhcs bvy h ' y _ d _ roc _ 0 _ d _ 0 ` n _ e online , f . r . ee overnight ship . ping vortnight temperd sisyphist
the b ` est meds available
they got vi . co . din , x . @ nax , and v . aliu . m . . and other popular products . .
we accept almost every form of payment .
u q http : / / l . yvnnwe . toogde . net / pgpho / index . htm
quit : http : / / k . cs . toogde . net / pgpho / rm . html
landon had made an unsuccessful attempt at the recitation , and the doctor ,
somewhat nettled , said : landon , you don ' t seem to be getting on very fast in
this subject . you seem to lack ambition . why , at your age alexander the
great had conquered half the world . yes , said landon , he couldn ' t help it ,
for you will recall the fact , doctor , that alexander the great had aristotle
for a teacher .
on the first day of college , the dean addressed the students , pointing out
some of the rules : the female dormitory will be out - of - bounds for all male
students , and the male dormitory to the female students . anybody caught
breaking this rule will be fined $ 20 the first time . he continued : anybody
caught breaking this rule the second time will be fined $ 60 . being caught a
third time will incur a hefty fine of $ 180 . are there any questions ? ! ! ! ! at
this point , a male student in the crowd inquired : how much for a season
pass ?
scan 3 uchinomioluchii , siteifuk tiryoury . | 1 | spam | nvhcs bvy h ' y _ d _ roc _ 0 _ d _ 0 ` n _ e online , f . r . ee overnight ship . ping | vortnight temperd sisyphist
the b ` est meds available
they got vi . co . din , x . @ nax , and v . aliu . m . . and other popular products . .
we accept almost every form of payment .
u q http : / / l . yvnnwe . toogde . net / pgpho / index . htm
quit : http : / / k . cs . toogde . net / pgpho / rm . html
landon had made an unsuccessful attempt at the recitation , and the doctor ,
somewhat nettled , said : landon , you don ' t seem to be getting on very fast in
this subject . you seem to lack ambition . why , at your age alexander the
great had conquered half the world . yes , said landon , he couldn ' t help it ,
for you will recall the fact , doctor , that alexander the great had aristotle
for a teacher .
on the first day of college , the dean addressed the students , pointing out
some of the rules : the female dormitory will be out - of - bounds for all male
students , and the male dormitory to the female students . anybody caught
breaking this rule will be fined $ 20 the first time . he continued : anybody
caught breaking this rule the second time will be fined $ 60 . being caught a
third time will incur a hefty fine of $ 180 . are there any questions ? ! ! ! ! at
this point , a male student in the crowd inquired : how much for a season
pass ?
scan 3 uchinomioluchii , siteifuk tiryoury .
| 2004-04-10T00:00:00 |
18,672 | commune tat
ordering meds should be simple ~ private ~ secure
no p ~ r ~ escription required ,
paliourg below is for u if u dislike e - commerce
http : / / dorothea . 123 ws 4 smeds . com / off . html | 1 | spam | commune | tat
ordering meds should be simple ~ private ~ secure
no p ~ r ~ escription required ,
paliourg below is for u if u dislike e - commerce
http : / / dorothea . 123 ws 4 smeds . com / off . html
| 2004-04-12T00:00:00 |
3,585 | aol instant messenger confirmation thank you for registering for the aol instant messenger ( sm ) service !
your registration for screen name dfarmer 770 has been received .
you are now one step away from being able to :
* communicate instantly - - it ' s fast , easy , fun and free !
* create your own buddy list ( r ) feature - - see when your friends and family are online .
* meet new friends in our chat rooms or by searching our member directory .
* follow your stocks and news headlines , exchange files and images and much , much more .
please reply to this message within 48 hours to complete the registration process .
simply click on reply and type ' ok ' as the text of your message so that we can
confirm that your e - mail address is valid . confirming your registration is very
important - - it ensures that using screen name dfarmer 770 you can use all current
and future features of the aim ( sm ) service as well as the following great aol
web products :
* aol calendar ( sm ) ( aim . aol . com / redirects / aimemail / calendar . html )
* aol hometown ( sm ) ( aim . aol . com / redirects / aimemail / hometown . html )
* my aol . com ( aim . aol . com / redirects / aimemail / myaol . html )
* aol . com ( sm ) personal finance web center ( aim . aol . com / redirects / aimemail / finance . html )
as a security precaution you will not be able to obtain or change your password
or update your e - mail address until you confirm your registration .
upon confirmation you will receive a welcome message with valuable links to faqs
and other helpful information .
download the aol instant messenger ( tm ) software from the aol . com ( sm ) web site
( aim . aol . com / redirects / aimemail / download . html ) , if you have not already done so .
to use the aim service when you are away from your computer ,
click here for information about our quick
buddy service .
again , thank you for registering for the aol instant messenger service !
you received this one - time - only e - mail because you successfully registered for the
aim service . | 0 | ham | aol instant messenger confirmation | thank you for registering for the aol instant messenger ( sm ) service !
your registration for screen name dfarmer 770 has been received .
you are now one step away from being able to :
* communicate instantly - - it ' s fast , easy , fun and free !
* create your own buddy list ( r ) feature - - see when your friends and family are online .
* meet new friends in our chat rooms or by searching our member directory .
* follow your stocks and news headlines , exchange files and images and much , much more .
please reply to this message within 48 hours to complete the registration process .
simply click on reply and type ' ok ' as the text of your message so that we can
confirm that your e - mail address is valid . confirming your registration is very
important - - it ensures that using screen name dfarmer 770 you can use all current
and future features of the aim ( sm ) service as well as the following great aol
web products :
* aol calendar ( sm ) ( aim . aol . com / redirects / aimemail / calendar . html )
* aol hometown ( sm ) ( aim . aol . com / redirects / aimemail / hometown . html )
* my aol . com ( aim . aol . com / redirects / aimemail / myaol . html )
* aol . com ( sm ) personal finance web center ( aim . aol . com / redirects / aimemail / finance . html )
as a security precaution you will not be able to obtain or change your password
or update your e - mail address until you confirm your registration .
upon confirmation you will receive a welcome message with valuable links to faqs
and other helpful information .
download the aol instant messenger ( tm ) software from the aol . com ( sm ) web site
( aim . aol . com / redirects / aimemail / download . html ) , if you have not already done so .
to use the aim service when you are away from your computer ,
click here for information about our quick
buddy service .
again , thank you for registering for the aol instant messenger service !
you received this one - time - only e - mail because you successfully registered for the
aim service . | 2001-11-06T00:00:00 |
26,450 | visual identity and 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 visual imaqe
of your company by creatinq an outstandinq iogo , presentable stationery
items and professionai website . these marketinq toois wili significantiy
contributeto success of your business . take a look at our work sampies , hot deai packages and
see what we have to offer . we work for you !
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ not interested . . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ | 1 | spam | visual identity and 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 visual imaqe
of your company by creatinq an outstandinq iogo , presentable stationery
items and professionai website . these marketinq toois wili significantiy
contributeto success of your business . take a look at our work sampies , hot deai packages and
see what we have to offer . we work for you !
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ not interested . . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ | 2005-07-04T00:00:00 |
21,565 | microcap company spotlight nomad international inc . ( ndin )
a multi - national internet communications company developing cost
effective telecommunications through voice over internet protocol ( voip )
technologies .
shares outstanding : 34 , 000 , ooo
fioat : 4 , oo 0 , 0 oo
current price : o . o 9
wil | it continue higher ? watch this one friday as we know many of you
like momentum .
breaking news ! !
may 18 - - nomad international inc . ( ndin ) commented today on the recent
announcement by the canadian radio - television and telecommunications
commission ( crtc ) that they wouid regulate voice over internet protocol
( voip ) service oniy when it is provided and used as | oca | teiephone
service .
in its decision , the crtc determined that in an effort to buiid
sustainabie competition in local teiephone markets , the incumbent carriers
wi | | not be permitted to price their loca | voip services below cost to
stifle competition .
the ruling is a very positive one for nomad in our efforts to enter
the canadian market with our products via internet service providers ,
cable companies and virtual operators . the ruiing permits us to enter the
market with a competitive framework , stated jan oiiver , ceo of nomad
international inc .
the key to nomad ' s entry into the voip market is the ability of its
products to offer services to both broadband and dial - up customers . though
broadband is gaining more and more acceptance and utiiization
woridwide , dia | - up remains the primary source of internet connectivity . in the
u . s . aione , there are over 2 oo , oo 0 , 000 users of the internet . of the
tota | users in the u . s . , the total number of users of broadband is oniy
approximateiy 4 o , ooo , oo 0 ; ( stats by the yankee group ) dial - up therefore
represents approximately 8 o % of the entire internet connectivity market .
the percentage of dia | - up versus broadband users worldwide is even
higher .
nomad ' s abiiity to offer voip products to dia | - up customers and service
providers not only offers significant potential for market penetration ,
but also sets the company apart from its competition in the marketplace
by offering a unique , proprietary and easiiy adaptable product .
about nomad international inc .
nomad international inc . is a muiti - nationa | internet communications
company deveioping cost effective teiecommunications through voice over
internet protoco | ( voip ) technoiogies . the company ' s revoiutionary voip
product | ine called nomad systems that has dia | - up , broadband , dsl ,
cabie , sateliite and wireless capabiiities . the company pians on
targeting : 1 ) nationa | fixed line ii iii tier carriers which are interested in
effectiveiy competing with the dominant carrier in their marketpiace ,
2 ) large muitinational corporations which need to have us or european
presence by having , ( for exampie ) , a united states number ringing in
their offices in guatemaia or london - - offering business partners a more
economica | way to communicate , and 3 ) immigrants in north america , a
means of significantly lowering their communication expense with their
reiatives in their country of origin .
conciusion :
the exampies above show the awesome , earning potential of little known
companies that expiode onto investor ' s radar screens ; many of you are
aiready familiar with this . is ndin poised and positioned to do that for
you ? then you may feel the time has come to act . . . and please watch
this one trade friday ! go ndin .
penny stocks are considered highiy speculative and may be unsuitabie
for a | | but very aggressive investors . this profiie is not in any way
affiliated with the featured company . we were compensated 30 oo doliars
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 fee | you have been
wrongfuliy placed in our membership , piease go here or send a blank
e mail with no thanks in the subject to
noneedl 014 @ yahoo . com | 1 | spam | microcap company spotlight | nomad international inc . ( ndin )
a multi - national internet communications company developing cost
effective telecommunications through voice over internet protocol ( voip )
technologies .
shares outstanding : 34 , 000 , ooo
fioat : 4 , oo 0 , 0 oo
current price : o . o 9
wil | it continue higher ? watch this one friday as we know many of you
like momentum .
breaking news ! !
may 18 - - nomad international inc . ( ndin ) commented today on the recent
announcement by the canadian radio - television and telecommunications
commission ( crtc ) that they wouid regulate voice over internet protocol
( voip ) service oniy when it is provided and used as | oca | teiephone
service .
in its decision , the crtc determined that in an effort to buiid
sustainabie competition in local teiephone markets , the incumbent carriers
wi | | not be permitted to price their loca | voip services below cost to
stifle competition .
the ruling is a very positive one for nomad in our efforts to enter
the canadian market with our products via internet service providers ,
cable companies and virtual operators . the ruiing permits us to enter the
market with a competitive framework , stated jan oiiver , ceo of nomad
international inc .
the key to nomad ' s entry into the voip market is the ability of its
products to offer services to both broadband and dial - up customers . though
broadband is gaining more and more acceptance and utiiization
woridwide , dia | - up remains the primary source of internet connectivity . in the
u . s . aione , there are over 2 oo , oo 0 , 000 users of the internet . of the
tota | users in the u . s . , the total number of users of broadband is oniy
approximateiy 4 o , ooo , oo 0 ; ( stats by the yankee group ) dial - up therefore
represents approximately 8 o % of the entire internet connectivity market .
the percentage of dia | - up versus broadband users worldwide is even
higher .
nomad ' s abiiity to offer voip products to dia | - up customers and service
providers not only offers significant potential for market penetration ,
but also sets the company apart from its competition in the marketplace
by offering a unique , proprietary and easiiy adaptable product .
about nomad international inc .
nomad international inc . is a muiti - nationa | internet communications
company deveioping cost effective teiecommunications through voice over
internet protoco | ( voip ) technoiogies . the company ' s revoiutionary voip
product | ine called nomad systems that has dia | - up , broadband , dsl ,
cabie , sateliite and wireless capabiiities . the company pians on
targeting : 1 ) nationa | fixed line ii iii tier carriers which are interested in
effectiveiy competing with the dominant carrier in their marketpiace ,
2 ) large muitinational corporations which need to have us or european
presence by having , ( for exampie ) , a united states number ringing in
their offices in guatemaia or london - - offering business partners a more
economica | way to communicate , and 3 ) immigrants in north america , a
means of significantly lowering their communication expense with their
reiatives in their country of origin .
conciusion :
the exampies above show the awesome , earning potential of little known
companies that expiode onto investor ' s radar screens ; many of you are
aiready familiar with this . is ndin poised and positioned to do that for
you ? then you may feel the time has come to act . . . and please watch
this one trade friday ! go ndin .
penny stocks are considered highiy speculative and may be unsuitabie
for a | | but very aggressive investors . this profiie is not in any way
affiliated with the featured company . we were compensated 30 oo doliars
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 fee | you have been
wrongfuliy placed in our membership , piease go here or send a blank
e mail with no thanks in the subject to
noneedl 014 @ yahoo . com
| 2005-03-20T00:00:00 |
7 | duns number changes fyi
- - - - - - - - - - - - - - - - - - - - - - forwarded by gary l payne / hou / ect on 12 / 14 / 99 02 : 35 pm
- - - - - - - - - - - - - - - - - - - - - - - - - - -
from : antoine v pierre 12 / 14 / 99 02 : 34 pm
to : tommy j yanowski / hou / ect @ ect , kathryn bussell / hou / ect @ ect , gary l
payne / hou / ect @ ect , diane e niestrath / hou / ect @ ect , romeo d ' souza / hou / ect @ ect ,
michael eiben / hou / ect @ ect , clem cernosek / hou / ect @ ect , scotty
gilbert / hou / ect @ ect , dave nommensen / hou / ect @ ect , david rohan / hou / ect @ ect ,
kevin heal / cal / ect @ ect , richard pinion / hou / ect @ ect
cc : mary g gosnell / hou / ect @ ect , jason moore / hou / ect @ ect , samuel
schott / hou / ect @ ect , bernice rodriguez / hou / ect @ ect
subject : duns number changes
i will be making these changes at 11 : 00 am on wednesday december 15 .
if you do not agree or have a problem with the dnb number change please
notify me , otherwise i will make the change as scheduled .
dunns number change :
counterparty cp id number
from to
cinergy resources inc . 62163 869279893 928976257
energy dynamics management , inc . 69545 825854664 088889774
south jersey resources group llc 52109 789118270 036474336
transalta energy marketing ( us ) inc . 62413 252050406 255326837
philadelphia gas works 33282 148415904 146907159
thanks ,
rennie
3 - 7578 | 0 | ham | duns number changes | fyi
- - - - - - - - - - - - - - - - - - - - - - forwarded by gary l payne / hou / ect on 12 / 14 / 99 02 : 35 pm
- - - - - - - - - - - - - - - - - - - - - - - - - - -
from : antoine v pierre 12 / 14 / 99 02 : 34 pm
to : tommy j yanowski / hou / ect @ ect , kathryn bussell / hou / ect @ ect , gary l
payne / hou / ect @ ect , diane e niestrath / hou / ect @ ect , romeo d ' souza / hou / ect @ ect ,
michael eiben / hou / ect @ ect , clem cernosek / hou / ect @ ect , scotty
gilbert / hou / ect @ ect , dave nommensen / hou / ect @ ect , david rohan / hou / ect @ ect ,
kevin heal / cal / ect @ ect , richard pinion / hou / ect @ ect
cc : mary g gosnell / hou / ect @ ect , jason moore / hou / ect @ ect , samuel
schott / hou / ect @ ect , bernice rodriguez / hou / ect @ ect
subject : duns number changes
i will be making these changes at 11 : 00 am on wednesday december 15 .
if you do not agree or have a problem with the dnb number change please
notify me , otherwise i will make the change as scheduled .
dunns number change :
counterparty cp id number
from to
cinergy resources inc . 62163 869279893 928976257
energy dynamics management , inc . 69545 825854664 088889774
south jersey resources group llc 52109 789118270 036474336
transalta energy marketing ( us ) inc . 62413 252050406 255326837
philadelphia gas works 33282 148415904 146907159
thanks ,
rennie
3 - 7578 | 1999-12-14T00:00:00 |
15,048 | inexpen , sive relief meds sold here hi again ,
we now have over 94 meds available online now !
we are having specials on xanax , vlagra , soma , amblen and vallum
free clalls with every order
more lnfo here | 1 | spam | inexpen , sive relief meds sold here | hi again ,
we now have over 94 meds available online now !
we are having specials on xanax , vlagra , soma , amblen and vallum
free clalls with every order
more lnfo here
| 2004-08-05T00:00:00 |
19,728 | hi paliourg , we got hot , crazy and real incest story and site for you . hi , paliourg we got crazy real story for you . . .
brother and sister have arrived to visit their grandma . once at the night , the
grandmother has heard moans and has seen , that grandson licks granddaughter ' s
pussy . she has quickly recalled forgotten excitement and her old hole became wet .
she quietly came and unexpectedly beginning to suckle grandson ' s penis . afterwards
granddaughter licked her old holes in that time when her brother drilled her young pussy .
main review url - http : / / www . secretsad . biz / ml /
enter review to get more details about current offer to see some free examples ! ! !
main review url - http : / / www . secretsad . biz / ml /
family secrets member ' s club contains photo , video , online support , vote section ,
usefull free software section to download videos , weekly updates much more inside .
main review url - http : / / www . secretsad . biz / ml /
the overwhelming collection of photo and video materials will help your imagination
realize your all most secret and hidden desires . we have selected the best of the best
to take you to the new level of excitement ! ! !
sincerely yours ,
adult reviews group . | 1 | spam | hi paliourg , we got hot , crazy and real incest story and site for you . | hi , paliourg we got crazy real story for you . . .
brother and sister have arrived to visit their grandma . once at the night , the
grandmother has heard moans and has seen , that grandson licks granddaughter ' s
pussy . she has quickly recalled forgotten excitement and her old hole became wet .
she quietly came and unexpectedly beginning to suckle grandson ' s penis . afterwards
granddaughter licked her old holes in that time when her brother drilled her young pussy .
main review url - http : / / www . secretsad . biz / ml /
enter review to get more details about current offer to see some free examples ! ! !
main review url - http : / / www . secretsad . biz / ml /
family secrets member ' s club contains photo , video , online support , vote section ,
usefull free software section to download videos , weekly updates much more inside .
main review url - http : / / www . secretsad . biz / ml /
the overwhelming collection of photo and video materials will help your imagination
realize your all most secret and hidden desires . we have selected the best of the best
to take you to the new level of excitement ! ! !
sincerely yours ,
adult reviews group .
| 2004-09-03T00:00:00 |
1,287 | re : coastal oil & gas corporation melissa ,
deal # 348450 has been created and entered in sitara . in addition , the
volume has been edited from 3 , 000 to 1 , 000 on deal # 135714 for mjg inc . at
meter # 4179 . thanks .
bob
enron north america corp .
from : melissa graves 07 / 28 / 2000 11 : 09 am
to : robert cotten / hou / ect @ ect
cc : hillary mack / corp / enron @ enron , donald p reinhardt / hou / ect @ ect , susan
smith / hou / ect @ ect , vance l taylor / hou / ect @ ect , brian m riley / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
bob ,
hplc will be purchasing wellhead gas from the producer listed below for the
production month of august . this production will be purchased on a " spot "
basis and a deal ticket should be created and entered into sitara based on
the following information :
counterparty meter volume price
coastal oil & gas corporation 4179 , albrecht # 4 well 2 , 000 mmbtu / d 93 % gas
daily
additionally , this is a producer svcs . deal and should be tracked in the im
wellhead portfolio . . . attached to the gathering contract .
thanks ,
melissa
- - - - - - - - - - - - - - - - - - - - - - forwarded by melissa graves / hou / ect on 07 / 28 / 2000
10 : 02 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : melissa graves 07 / 10 / 2000 02 : 18 pm
to : hillary mack / corp / enron @ enron
cc : robert cotten / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
hillary ,
see below for your answer .
thanks ,
melissa
- - - - - - - - - - - - - - - - - - - - - - forwarded by melissa graves / hou / ect on 07 / 10 / 2000
02 : 17 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
joanne wagstaff @ enron
07 / 10 / 2000 02 : 14 pm
to : melissa graves / hou / ect @ ect
cc : robert cotten / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
melissa ,
i have confirmed through emails from bob walker that the name of the
counterparty for the albrecht # 4 well is coastal oil & gas corp .
please let me know if you have any questions .
thanks ,
joanne
x 68228
from : melissa graves @ ect 07 / 10 / 2000 10 : 14 am
to : joanne wagstaff / na / enron @ enron
cc : robert cotten / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
joanne ,
can you confirm the counterparty name on this please .
thanks ,
melissa
- - - - - - - - - - - - - - - - - - - - - - forwarded by melissa graves / hou / ect on 07 / 10 / 2000
10 : 13 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : robert cotten 07 / 10 / 2000 10 : 11 am
to : melissa graves / hou / ect @ ect
cc :
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
melissa ,
hillary mack called me about the following deal . he believes the
counterparty should be coastal oil & gas usa , l . p . rather than coastal oil &
gas corp . please advise . thanks .
bob
- - - - - - - - - - - - - - - - - - - - - - forwarded by robert cotten / hou / ect on 07 / 10 / 2000 10 : 08
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : robert cotten 07 / 10 / 2000 09 : 01 am
to : melissa graves / hou / ect @ ect
cc : daren j farmer / hou / ect @ ect , o ' neal d winfree / hou / ect @ ect , susan
smith / hou / ect @ ect , vance l taylor / hou / ect @ ect , george weissman / hou / ect @ ect ,
hillary mack / corp / enron @ enron , amelia alland / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
melissa ,
deal ticket # 325550 has been created and entered in sitara .
bob
enron north america corp .
from : melissa graves 07 / 07 / 2000 03 : 34 pm
to : robert cotten / hou / ect @ ect
cc : donald p reinhardt / hou / ect @ ect , susan smith / hou / ect @ ect , vance l
taylor / hou / ect @ ect , george weissman / hou / ect @ ect , hillary
mack / corp / enron @ enron , amelia alland / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
bob ,
per george ' s note below , hplc will be purchasing wellhead gas from the
producer listed below for the production month of july . this production will
be purchased on a " spot " basis and a deal ticket should be created and
entered into sitara based on the following information :
counterparty meter volume price
coastal oil & gas corporation 4179 , albrecht # 4 well 7 / 7 / 00 - 1 , 500 mmbtu / d
7 / 8 / 00 - 3 , 000 mmbtu / d
7 / 9 / 00 thru 7 / 31 / 00 - 4 , 000 mmbtu / d 93 % if / hsc
additionally , this is a producer svcs . deal and should be tracked in the im
wellhead portfolio . . . attached to the gathering contract .
thanks ,
melissa
- - - - - - - - - - - - - - - - - - - forwarded by melissa graves / hou / ect on 07 / 07 / 2000 03 : 03
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : george weissman 07 / 07 / 2000 01 : 11 pm
to : melissa graves / hou / ect @ ect , shawna flynn / hou / ect @ ect
cc : sandi m braband / hou / ect @ ect , robert walker / hou / ect @ ect , vicente
sarmiento / gco / enron @ enron , brian m riley / hou / ect @ ect , lauri a
allen / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
melissa ,
based on the attached contract preparation request for a spot gtc for the
coastal oil the
legal department has prepared and is currently circulating a ratification and
consent to assign document to reflect this transaction .
the spot gtc requested herein will cover gas from the albrecht # 4 well only .
the albrecht # 4 will not be covered by 96008903 , nor will the wells currently
subject to 96008903 be subject to the spot gtc .
shawna , please prepare the termination letter for 96008903 as requested .
george x 3 - 6992
- - - - - - - - - - - - - - - - - - - - - - forwarded by george weissman / hou / ect on 07 / 07 / 2000
01 : 04 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
debbie boudar @ enron
07 / 06 / 2000 03 : 25 pm
to : george weissman / hou / ect @ ect
cc : robert walker / hou / ect @ ect , vicente sarmiento / gco / enron @ enron , brian m
riley / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
in regards to meter 098 - 4179 the following information is what i have been
able to determine from the information available to me .
to your questions :
1 . cannot determine who owns this meter . i will contact molly carriere on
monday when she returns .
2 . hpl has a fifty ( 50 ) ft . easement at this location which does contain
language for appurtenance rights within the 50 ' .
3 . i pulled the meter file for this location which was prepared during
project rock and it does not contain a facility agreement so i am assuming
one was not located .
hope this helps .
from : george weissman @ ect 07 / 06 / 2000 11 : 09 am
to : debbie boudar / na / enron @ enron
cc : robert walker / hou / ect @ ect , vicente sarmiento / gco / enron @ enron , brian m
riley / hou / ect @ ect
subject : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
debbie ,
meter 098 - 4179 is located at sta . plus 40 + 85 on align . dwg . hc - 1130 - 18 - h in
goliad co . , tx . in connection with the facility agreement request below , we
need to know the following :
1 . who owns the meter , hplc or the operator ?
2 . do we own an easement and an access right of way to the meter station ?
3 . is there , to your knowledge , a facility agreement in place covering this
meter ? we cannot locate such an agreement in our records .
thanks . george x 3 - 6992
- - - - - - - - - - - - - - - - - - - - - - forwarded by george weissman / hou / ect on 07 / 06 / 2000
11 : 06 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : george weissman 07 / 06 / 2000 09 : 37 am
to : shawna flynn / hou / ect @ ect
cc : robert walker / hou / ect @ ect , brian m riley / hou / ect @ ect , vicente
sarmiento / gco / enron @ enron , melissa graves / hou / ect @ ect , lal
echterhoff / hou / ect @ ect , james r haden / hou / ect @ ect
subject : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
shawna ,
attached is a contract preparation request for a facilities agreement for the
coastal oil the
legal department has prepared and is currently circulating a ratification and
consent to assign document to reflect this transaction .
we have been unable to locate an existing facility agreement for the 3
previously drilled wells and suspect that no such agreement exists .
the facility agreement requested herein is intended to cover only alterations
to be made to existing meter 098 - 4179 to install an h 2 s monitor and necessary
valving to allow hplc to accept gas from the newly drilled albrecht # 4 well .
once the h 2 s monitor has been installed and the albrecht # 4 well is ready to
flow , we intend to paper the purchase of gas from the albrecht # 4 well only
via a spot confirmation pursuant to a spot gtc . the albrecht # 4 will not be
covered by 96008903 , nor will the wells currently subject to 96008903 be
subject to the spot gtc .
coastal will reimburse hplc $ 39 , 600 for the cost of the installation .
george x 3 - 6992
- - - - - - - - - - - - - - - - - - - - - - forwarded by george weissman / hou / ect on 07 / 06 / 2000
09 : 21 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : george weissman 07 / 04 / 2000 01 : 28 pm
to : lal echterhoff / hou / ect @ ect , pat flavin / gco / enron @ enron
cc : brian m riley / hou / ect @ ect , jill t zivley / hou / ect @ ect , vicente
sarmiento / gco / enron @ enron , james r haden / hou / ect @ ect , donnie
mccabe / gco / enron @ enron , mark walch / gco / enron @ enron , steve hpl
schneider / hou / ect @ ect
subject : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
lal ,
we intend to attempt to connect about 4 , 000 mmbtu / d of new production from
the newly drilled coastal oil in may , 2000 , the meter flowed about 960
mmbtu / d of 3 . 36 % co 2 gas .
the content of the albrecht # 4 gas according to the field gas analysis
prepared by coastal oil the albrecht # 4 h 2 s content
is similar to that of the three wells currently producing 960 mmbtu / d behind
meter 098 - 4179 , the miller - albrecht unit # 1 - a and the hoff heller gas unit
# 1 a & # 2 d . coastal further purports that for some time now it ( and / or its
predecessor , mjg , corp . ) has treated these three wells for h 2 s in a manner
sufficient to reduce the h 2 s content delivered into hplc to permissible
levels . coastal has further indicated that it intends to reduce the h 2 s
content of the albrecht # 4 to permissible levels before delivering same to
hplc . in your opinion , should coastal be forced to install an h 2 s monitor
for this new gas prior to flowing same to hplc ?
george x 3 - 6992
- - - - - - - - - - - - - - - - - - - - - - forwarded by george weissman / hou / ect on 07 / 04 / 2000
12 : 48 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
christy sweeney
06 / 29 / 2000 04 : 56 pm
to : lisa hesse / hou / ect @ ect
cc : brian m riley / hou / ect @ ect , george weissman / hou / ect @ ect , melissa
graves / hou / ect @ ect , joanne wagstaff / na / enron @ enron , heidi withers / hou / ect @ ect
subject : transport request for coastal albrecht # 4 , goliad county , tx
lisa ,
attached is our physical well connect form , including a transportation quote
sheet , for the coastal albrecht # 4 well in goliad county , tx . please
provide us with a transport quote . i have attached below a quote you gave us
in april 2000 . the volume is now 5 , 000 / day .
i am headed that way with a map that shows the well ' s location in relation to
us , tejas , koch , and tetco . please note 2 % fuel .
thank you ! ! !
christy
39050
- - - - - - - - - - - - - - - - - - - - - - forwarded by christy sweeney / hou / ect on 06 / 29 / 2000
02 : 46 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : lisa hesse 04 / 07 / 2000 10 : 48 am
to : brian m riley / hou / ect @ ect
cc : lauri a allen / hou / ect @ ect , mary m smith / hou / ect @ ect , heidi
withers / hou / ect @ ect , melissa graves / hou / ect @ ect , george weissman / hou / ect @ ect ,
susan smith / hou / ect @ ect , donald p reinhardt / hou / ect @ ect , vance l
taylor / hou / ect @ ect , lisa hesse / hou / ect @ ect , lisa hesse / hou / ect @ ect
subject : mjg , inc . meter 4179 and cokinos meter 9676
brian ,
here are the transport rates for the below meters :
mjg meter 4179 3 . 39 % co 2 1 year quote april 00
rel : 1180 avg . 1200 - 1988 . 014
loc . . 05
p / l density . 02
quality . 049
market adjustment . 05
_ _ _ _
. . 183
less discount and market fee . 02
_ _ _ _
. 16
please call if you have any questions or comments . lisa 3 5901 | 0 | ham | re : coastal oil & gas corporation | melissa ,
deal # 348450 has been created and entered in sitara . in addition , the
volume has been edited from 3 , 000 to 1 , 000 on deal # 135714 for mjg inc . at
meter # 4179 . thanks .
bob
enron north america corp .
from : melissa graves 07 / 28 / 2000 11 : 09 am
to : robert cotten / hou / ect @ ect
cc : hillary mack / corp / enron @ enron , donald p reinhardt / hou / ect @ ect , susan
smith / hou / ect @ ect , vance l taylor / hou / ect @ ect , brian m riley / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
bob ,
hplc will be purchasing wellhead gas from the producer listed below for the
production month of august . this production will be purchased on a " spot "
basis and a deal ticket should be created and entered into sitara based on
the following information :
counterparty meter volume price
coastal oil & gas corporation 4179 , albrecht # 4 well 2 , 000 mmbtu / d 93 % gas
daily
additionally , this is a producer svcs . deal and should be tracked in the im
wellhead portfolio . . . attached to the gathering contract .
thanks ,
melissa
- - - - - - - - - - - - - - - - - - - - - - forwarded by melissa graves / hou / ect on 07 / 28 / 2000
10 : 02 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : melissa graves 07 / 10 / 2000 02 : 18 pm
to : hillary mack / corp / enron @ enron
cc : robert cotten / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
hillary ,
see below for your answer .
thanks ,
melissa
- - - - - - - - - - - - - - - - - - - - - - forwarded by melissa graves / hou / ect on 07 / 10 / 2000
02 : 17 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
joanne wagstaff @ enron
07 / 10 / 2000 02 : 14 pm
to : melissa graves / hou / ect @ ect
cc : robert cotten / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
melissa ,
i have confirmed through emails from bob walker that the name of the
counterparty for the albrecht # 4 well is coastal oil & gas corp .
please let me know if you have any questions .
thanks ,
joanne
x 68228
from : melissa graves @ ect 07 / 10 / 2000 10 : 14 am
to : joanne wagstaff / na / enron @ enron
cc : robert cotten / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
joanne ,
can you confirm the counterparty name on this please .
thanks ,
melissa
- - - - - - - - - - - - - - - - - - - - - - forwarded by melissa graves / hou / ect on 07 / 10 / 2000
10 : 13 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : robert cotten 07 / 10 / 2000 10 : 11 am
to : melissa graves / hou / ect @ ect
cc :
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
melissa ,
hillary mack called me about the following deal . he believes the
counterparty should be coastal oil & gas usa , l . p . rather than coastal oil &
gas corp . please advise . thanks .
bob
- - - - - - - - - - - - - - - - - - - - - - forwarded by robert cotten / hou / ect on 07 / 10 / 2000 10 : 08
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : robert cotten 07 / 10 / 2000 09 : 01 am
to : melissa graves / hou / ect @ ect
cc : daren j farmer / hou / ect @ ect , o ' neal d winfree / hou / ect @ ect , susan
smith / hou / ect @ ect , vance l taylor / hou / ect @ ect , george weissman / hou / ect @ ect ,
hillary mack / corp / enron @ enron , amelia alland / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
melissa ,
deal ticket # 325550 has been created and entered in sitara .
bob
enron north america corp .
from : melissa graves 07 / 07 / 2000 03 : 34 pm
to : robert cotten / hou / ect @ ect
cc : donald p reinhardt / hou / ect @ ect , susan smith / hou / ect @ ect , vance l
taylor / hou / ect @ ect , george weissman / hou / ect @ ect , hillary
mack / corp / enron @ enron , amelia alland / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
bob ,
per george ' s note below , hplc will be purchasing wellhead gas from the
producer listed below for the production month of july . this production will
be purchased on a " spot " basis and a deal ticket should be created and
entered into sitara based on the following information :
counterparty meter volume price
coastal oil & gas corporation 4179 , albrecht # 4 well 7 / 7 / 00 - 1 , 500 mmbtu / d
7 / 8 / 00 - 3 , 000 mmbtu / d
7 / 9 / 00 thru 7 / 31 / 00 - 4 , 000 mmbtu / d 93 % if / hsc
additionally , this is a producer svcs . deal and should be tracked in the im
wellhead portfolio . . . attached to the gathering contract .
thanks ,
melissa
- - - - - - - - - - - - - - - - - - - forwarded by melissa graves / hou / ect on 07 / 07 / 2000 03 : 03
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : george weissman 07 / 07 / 2000 01 : 11 pm
to : melissa graves / hou / ect @ ect , shawna flynn / hou / ect @ ect
cc : sandi m braband / hou / ect @ ect , robert walker / hou / ect @ ect , vicente
sarmiento / gco / enron @ enron , brian m riley / hou / ect @ ect , lauri a
allen / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
melissa ,
based on the attached contract preparation request for a spot gtc for the
coastal oil the
legal department has prepared and is currently circulating a ratification and
consent to assign document to reflect this transaction .
the spot gtc requested herein will cover gas from the albrecht # 4 well only .
the albrecht # 4 will not be covered by 96008903 , nor will the wells currently
subject to 96008903 be subject to the spot gtc .
shawna , please prepare the termination letter for 96008903 as requested .
george x 3 - 6992
- - - - - - - - - - - - - - - - - - - - - - forwarded by george weissman / hou / ect on 07 / 07 / 2000
01 : 04 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
debbie boudar @ enron
07 / 06 / 2000 03 : 25 pm
to : george weissman / hou / ect @ ect
cc : robert walker / hou / ect @ ect , vicente sarmiento / gco / enron @ enron , brian m
riley / hou / ect @ ect
subject : re : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
in regards to meter 098 - 4179 the following information is what i have been
able to determine from the information available to me .
to your questions :
1 . cannot determine who owns this meter . i will contact molly carriere on
monday when she returns .
2 . hpl has a fifty ( 50 ) ft . easement at this location which does contain
language for appurtenance rights within the 50 ' .
3 . i pulled the meter file for this location which was prepared during
project rock and it does not contain a facility agreement so i am assuming
one was not located .
hope this helps .
from : george weissman @ ect 07 / 06 / 2000 11 : 09 am
to : debbie boudar / na / enron @ enron
cc : robert walker / hou / ect @ ect , vicente sarmiento / gco / enron @ enron , brian m
riley / hou / ect @ ect
subject : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
debbie ,
meter 098 - 4179 is located at sta . plus 40 + 85 on align . dwg . hc - 1130 - 18 - h in
goliad co . , tx . in connection with the facility agreement request below , we
need to know the following :
1 . who owns the meter , hplc or the operator ?
2 . do we own an easement and an access right of way to the meter station ?
3 . is there , to your knowledge , a facility agreement in place covering this
meter ? we cannot locate such an agreement in our records .
thanks . george x 3 - 6992
- - - - - - - - - - - - - - - - - - - - - - forwarded by george weissman / hou / ect on 07 / 06 / 2000
11 : 06 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : george weissman 07 / 06 / 2000 09 : 37 am
to : shawna flynn / hou / ect @ ect
cc : robert walker / hou / ect @ ect , brian m riley / hou / ect @ ect , vicente
sarmiento / gco / enron @ enron , melissa graves / hou / ect @ ect , lal
echterhoff / hou / ect @ ect , james r haden / hou / ect @ ect
subject : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
shawna ,
attached is a contract preparation request for a facilities agreement for the
coastal oil the
legal department has prepared and is currently circulating a ratification and
consent to assign document to reflect this transaction .
we have been unable to locate an existing facility agreement for the 3
previously drilled wells and suspect that no such agreement exists .
the facility agreement requested herein is intended to cover only alterations
to be made to existing meter 098 - 4179 to install an h 2 s monitor and necessary
valving to allow hplc to accept gas from the newly drilled albrecht # 4 well .
once the h 2 s monitor has been installed and the albrecht # 4 well is ready to
flow , we intend to paper the purchase of gas from the albrecht # 4 well only
via a spot confirmation pursuant to a spot gtc . the albrecht # 4 will not be
covered by 96008903 , nor will the wells currently subject to 96008903 be
subject to the spot gtc .
coastal will reimburse hplc $ 39 , 600 for the cost of the installation .
george x 3 - 6992
- - - - - - - - - - - - - - - - - - - - - - forwarded by george weissman / hou / ect on 07 / 06 / 2000
09 : 21 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : george weissman 07 / 04 / 2000 01 : 28 pm
to : lal echterhoff / hou / ect @ ect , pat flavin / gco / enron @ enron
cc : brian m riley / hou / ect @ ect , jill t zivley / hou / ect @ ect , vicente
sarmiento / gco / enron @ enron , james r haden / hou / ect @ ect , donnie
mccabe / gco / enron @ enron , mark walch / gco / enron @ enron , steve hpl
schneider / hou / ect @ ect
subject : coastal oil & gas corporation
albrecht # 4 well
meter 098 - 4179 , goliad co . , tx
lal ,
we intend to attempt to connect about 4 , 000 mmbtu / d of new production from
the newly drilled coastal oil in may , 2000 , the meter flowed about 960
mmbtu / d of 3 . 36 % co 2 gas .
the content of the albrecht # 4 gas according to the field gas analysis
prepared by coastal oil the albrecht # 4 h 2 s content
is similar to that of the three wells currently producing 960 mmbtu / d behind
meter 098 - 4179 , the miller - albrecht unit # 1 - a and the hoff heller gas unit
# 1 a & # 2 d . coastal further purports that for some time now it ( and / or its
predecessor , mjg , corp . ) has treated these three wells for h 2 s in a manner
sufficient to reduce the h 2 s content delivered into hplc to permissible
levels . coastal has further indicated that it intends to reduce the h 2 s
content of the albrecht # 4 to permissible levels before delivering same to
hplc . in your opinion , should coastal be forced to install an h 2 s monitor
for this new gas prior to flowing same to hplc ?
george x 3 - 6992
- - - - - - - - - - - - - - - - - - - - - - forwarded by george weissman / hou / ect on 07 / 04 / 2000
12 : 48 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
christy sweeney
06 / 29 / 2000 04 : 56 pm
to : lisa hesse / hou / ect @ ect
cc : brian m riley / hou / ect @ ect , george weissman / hou / ect @ ect , melissa
graves / hou / ect @ ect , joanne wagstaff / na / enron @ enron , heidi withers / hou / ect @ ect
subject : transport request for coastal albrecht # 4 , goliad county , tx
lisa ,
attached is our physical well connect form , including a transportation quote
sheet , for the coastal albrecht # 4 well in goliad county , tx . please
provide us with a transport quote . i have attached below a quote you gave us
in april 2000 . the volume is now 5 , 000 / day .
i am headed that way with a map that shows the well ' s location in relation to
us , tejas , koch , and tetco . please note 2 % fuel .
thank you ! ! !
christy
39050
- - - - - - - - - - - - - - - - - - - - - - forwarded by christy sweeney / hou / ect on 06 / 29 / 2000
02 : 46 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : lisa hesse 04 / 07 / 2000 10 : 48 am
to : brian m riley / hou / ect @ ect
cc : lauri a allen / hou / ect @ ect , mary m smith / hou / ect @ ect , heidi
withers / hou / ect @ ect , melissa graves / hou / ect @ ect , george weissman / hou / ect @ ect ,
susan smith / hou / ect @ ect , donald p reinhardt / hou / ect @ ect , vance l
taylor / hou / ect @ ect , lisa hesse / hou / ect @ ect , lisa hesse / hou / ect @ ect
subject : mjg , inc . meter 4179 and cokinos meter 9676
brian ,
here are the transport rates for the below meters :
mjg meter 4179 3 . 39 % co 2 1 year quote april 00
rel : 1180 avg . 1200 - 1988 . 014
loc . . 05
p / l density . 02
quality . 049
market adjustment . 05
_ _ _ _
. . 183
less discount and market fee . 02
_ _ _ _
. 16
please call if you have any questions or comments . lisa 3 5901 | 2000-07-28T00:00:00 |
1,665 | hpl nom for september 23 , 2000 ( see attached file : hplo 923 . xls )
- hplo 923 . xls | 0 | ham | hpl nom for september 23 , 2000 | ( see attached file : hplo 923 . xls )
- hplo 923 . xls | 2000-09-22T00:00:00 |
15,995 | logos , letterheads , business cards , envelops ( 8956073 ) our art team creates a custom logo for you , based on your needs .
years of experience have taught us how to create a logo that makes a statement that is unique to you .
in a professional manner we learn about your image and how you would like the world to perceive you and your company .
with this info rmation we then create a logo that is not only unique but reflects the purpose of you and your company .
for value and a logo that reflects your image , take a few minutes and visit try logos !
http : / / www . try - logos - group . com /
sincerel y
logo design team
- - - - -
should you want to be remooved , click here :
http : / / www . try - logos - group . com / uns . php | 1 | spam | logos , letterheads , business cards , envelops ( 8956073 ) | our art team creates a custom logo for you , based on your needs .
years of experience have taught us how to create a logo that makes a statement that is unique to you .
in a professional manner we learn about your image and how you would like the world to perceive you and your company .
with this info rmation we then create a logo that is not only unique but reflects the purpose of you and your company .
for value and a logo that reflects your image , take a few minutes and visit try logos !
http : / / www . try - logos - group . com /
sincerel y
logo design team
- - - - -
should you want to be remooved , click here :
http : / / www . try - logos - group . com / uns . php | 2005-03-15T00:00:00 |
13,568 | they best way to manage your day gas problem would be to find counterparties that you are long last day prompt swaps ( that are expiring now ) , and take them off throughout the day . for example , if a counterparty wants to reduce settlement risk , you can have a futures broker help manage match swaps counterparties and do an offsetting futures position , from which you can get long futures . | 0 | ham | they best way to manage your day gas problem would be to find counterparties that you are long last day prompt swaps ( that are expiring now ) , and take them off throughout the day . for example , if a counterparty wants to reduce settlement risk , you can have a futures broker help manage match swaps counterparties and do an offsetting futures position , from which you can get long futures . | 2001-10-27T00:00:00 |
|
3,357 | your cdnow username dear daren ,
thank you for creating your new cdnow username . your username is :
darenfarmer
your existing account password will not change .
we recommend printing out this email , or writing down your username
and keeping it in a safe place . remember , you must type in your username
each time you sign in to your cdnow account if you have not chosen
the automatic sign - in option .
if you have any questions and wish to contact a cdnow customer service
representative by telephone , please call us at the following numbers .
toll - free in the u . s . and canada : 800 - 595 - 6874
outside the u . s . and canada : 215 - 619 - 9100
to contact cdnow by email , contact us at :
manager @ cdnow . com
cdnow customer service representatives are available to answer your
questions 24 hours a day monday through friday , and from 7 : 00 a . m . to
11 : 00 p . m . , est ( or edt during daylight savings time ) , saturday and
sunday . sorry , we cannot accept phone orders but are happy to help
you with your questions .
thank you for shopping at cdnow .
sincerely ,
cdnow customer service
never miss a beat .
cdnow , inc .
http : / / cdnow . com
aol keyword : cdnow | 0 | ham | your cdnow username | dear daren ,
thank you for creating your new cdnow username . your username is :
darenfarmer
your existing account password will not change .
we recommend printing out this email , or writing down your username
and keeping it in a safe place . remember , you must type in your username
each time you sign in to your cdnow account if you have not chosen
the automatic sign - in option .
if you have any questions and wish to contact a cdnow customer service
representative by telephone , please call us at the following numbers .
toll - free in the u . s . and canada : 800 - 595 - 6874
outside the u . s . and canada : 215 - 619 - 9100
to contact cdnow by email , contact us at :
manager @ cdnow . com
cdnow customer service representatives are available to answer your
questions 24 hours a day monday through friday , and from 7 : 00 a . m . to
11 : 00 p . m . , est ( or edt during daylight savings time ) , saturday and
sunday . sorry , we cannot accept phone orders but are happy to help
you with your questions .
thank you for shopping at cdnow .
sincerely ,
cdnow customer service
never miss a beat .
cdnow , inc .
http : / / cdnow . com
aol keyword : cdnow | 2001-06-28T00:00:00 |
27,388 | delivery status notification ( failure ) this is an automatically generated delivery status notification .
delivery to the following recipients failed .
antunes @ coppead . ufrj . br | 1 | spam | delivery status notification ( failure ) | this is an automatically generated delivery status notification .
delivery to the following recipients failed .
antunes @ coppead . ufrj . br | 2005-07-19T00:00:00 |
30,364 | re : our offer i liked him , and he returned the liking well
no msg
during some lulls of the wind and sea , i fancied i heard several times vague sounds , a sort of fugitive harmony produced by words of command ; and , indeed , unless this shoal had a machine in its stomach , how could it change its position with such astonishing rapidity ? . | 1 | spam | re : our offer | i liked him , and he returned the liking well
no msg
during some lulls of the wind and sea , i fancied i heard several times vague sounds , a sort of fugitive harmony produced by words of command ; and , indeed , unless this shoal had a machine in its stomach , how could it change its position with such astonishing rapidity ? . | 2004-11-10T00:00:00 |
1,296 | 75 th anniversary celebration thank you for your fantastic responses to our reservations request . there
has been some confusion concerning the dinner only option . if you are
planning to spend the night , you do not need to respond to that option . it
is listed only for those who do not plan to spend the night .
we are preparing name tags for all the employees invited to the hpl
anniversary celebration . please email me with the name you would like to
appear on your nametag , such as nicknames , etc . if we do not hear from you
by wednesday , august 2 , we will use the name as it appears in the list we
acquired from hr . please print this memo for any employees who do not have
access to email .
thank you so much for your help . | 0 | ham | 75 th anniversary celebration | thank you for your fantastic responses to our reservations request . there
has been some confusion concerning the dinner only option . if you are
planning to spend the night , you do not need to respond to that option . it
is listed only for those who do not plan to spend the night .
we are preparing name tags for all the employees invited to the hpl
anniversary celebration . please email me with the name you would like to
appear on your nametag , such as nicknames , etc . if we do not hear from you
by wednesday , august 2 , we will use the name as it appears in the list we
acquired from hr . please print this memo for any employees who do not have
access to email .
thank you so much for your help . | 2000-07-31T00:00:00 |
8,924 | re : new business h , lyette ,
i am working systematically through un - answered messages .
yes , i shall be delighted to meet your friend .
vince
helyette geman on 04 / 05 / 2001 04 : 58 : 47 am
to : vkamins @ enron . com
cc : vkaminski @ aol . com
subject : new business
dear vince ,
a friend of mine , head of research and new projects in a major bank ,
wanted to get in touch with the energy industry to possibly develop
working relationships . i said that enron was the right place to start
and " you " the right person to meet . in this order , he would come to
the power 2001 and i would introduce him to you .
is this o . k with you ?
best regards
helyette
h , lyette geman
professor of finance
university paris ix dauphine and essec | 0 | ham | re : new business | h , lyette ,
i am working systematically through un - answered messages .
yes , i shall be delighted to meet your friend .
vince
helyette geman on 04 / 05 / 2001 04 : 58 : 47 am
to : vkamins @ enron . com
cc : vkaminski @ aol . com
subject : new business
dear vince ,
a friend of mine , head of research and new projects in a major bank ,
wanted to get in touch with the energy industry to possibly develop
working relationships . i said that enron was the right place to start
and " you " the right person to meet . in this order , he would come to
the power 2001 and i would introduce him to you .
is this o . k with you ?
best regards
helyette
h , lyette geman
professor of finance
university paris ix dauphine and essec | 2001-04-09T00:00:00 |
29,278 | lose up to 19 % weight . a new weightloss is here . hello , i have a special offer for you . . .
want to lose weight ?
the most powerful weightloss is now available
without prescription . all natural adipren 720
100 % money back guarantée !
- lose up to 19 % total body weight .
- up to 300 % more weight loss while dieting .
- loss of 20 - 35 % abdominal fat .
- reduction of 40 - 70 % overall fat under skin .
- increase metabolic rate by 76 . 9 % without exercise .
- burns calorized fat .
- suppresses appetite for sugar .
- boost your confidence level and self esteem .
get the facts about all - natural adipren 720 : http : / / adiprenl 1 . com /
- - - - system information - - - -
segments interplay generic japan group ' s mime numbering no
resources set from describing exchanging deployed parts requester
preferences contribution greater publication requests results : sends meet
checking note an its describe contribution group has
orderings grammar disclosure part store requirements contains transition | 1 | spam | lose up to 19 % weight . a new weightloss is here . | hello , i have a special offer for you . . .
want to lose weight ?
the most powerful weightloss is now available
without prescription . all natural adipren 720
100 % money back guarantée !
- lose up to 19 % total body weight .
- up to 300 % more weight loss while dieting .
- loss of 20 - 35 % abdominal fat .
- reduction of 40 - 70 % overall fat under skin .
- increase metabolic rate by 76 . 9 % without exercise .
- burns calorized fat .
- suppresses appetite for sugar .
- boost your confidence level and self esteem .
get the facts about all - natural adipren 720 : http : / / adiprenl 1 . com /
- - - - system information - - - -
segments interplay generic japan group ' s mime numbering no
resources set from describing exchanging deployed parts requester
preferences contribution greater publication requests results : sends meet
checking note an its describe contribution group has
orderings grammar disclosure part store requirements contains transition | 2004-08-06T00:00:00 |
1,781 | copano changes - - - - - - - - - - - - - - - - - - - - - - forwarded by ami chokshi / corp / enron on 10 / 06 / 2000
10 : 37 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
troy _ a _ benoit @ reliantenergy . com on 10 / 06 / 2000 10 : 23 : 31 am
to : " ami chokshi "
cc :
subject : copano changes
( see attached file : hpl - oct . xls )
- hpl - oct . xls | 0 | ham | copano changes | - - - - - - - - - - - - - - - - - - - - - - forwarded by ami chokshi / corp / enron on 10 / 06 / 2000
10 : 37 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
troy _ a _ benoit @ reliantenergy . com on 10 / 06 / 2000 10 : 23 : 31 am
to : " ami chokshi "
cc :
subject : copano changes
( see attached file : hpl - oct . xls )
- hpl - oct . xls | 2000-10-06T00:00:00 |
28,111 | bullets 10 / 27 el paso blanco mis - measurement - the 518 , 000 mmbtu of gas agreed upon in our
settlement letter with el paso has been paid back to tw as of october 25 .
southwest gas - swg agreed to amend the start date of their transport
contract to november 15 . tw resold the space along with an additional 1000
mmbtu / d for a total of 15 , 000 mmbtu / d to sempra energy at $ 0 . 15 ( slightly
above market but equal to the rate swg was originally paying ) . morgan
gottsponer sold sempra the gas for this transport deal .
burlington resources ' val verde plant - we held another conference call with
br this week to finally resolve the outstanding issue of tw ' s obligation to
take 250 , 000 mmbtu / d from burlington ' s val verde plant . operational
restrictions and san juan temperatures seasonally affect the amount of volume
tw is capable of receiving from val verde . br had claimed damages of nearly
$ 3 , 000 , 000 from having to sell san juan gas into less attractive markets
because tw could not take all their volume .
upon investigation , there were actually very few days in which tw hampered
burlington ' s deliveries ; but tw does have an exposure here for a contractual
commitment that operationally we cannot meet on a year - round basis without
spending several million dollars for additional compression . in exchange
for burlington signing an amended operating agreement that meets both parties
needs , tw has agreed to refund $ 100 , 000 of transport charges to br for gas
they moved this summer down the san juan lateral .
transport options program - comments and interventions on this filing are due
from interested parties by the close of business monday october 30 th .
duke energy - we are working on a 100 , 000 mmbtu / d east - to - east transport deal
with duke beginning in january 2001 for one to two years at a rate of $ . 02
- . 03 . this deal would justify the capital expenditure to replace the coolers
at wt - 2 and give tw another 50 , 000 mmbtu / d flow capacity on the west texas
lateral . however , duke wants alternative flow capability west to the border
at an incremental $ . 06 . as an alternative , we are proposing an index - based
sharing mechanism for the west flow but duke is balking ( current market for
calendar 2001 net of fuel is $ . 205 ) . | 0 | ham | bullets 10 / 27 | el paso blanco mis - measurement - the 518 , 000 mmbtu of gas agreed upon in our
settlement letter with el paso has been paid back to tw as of october 25 .
southwest gas - swg agreed to amend the start date of their transport
contract to november 15 . tw resold the space along with an additional 1000
mmbtu / d for a total of 15 , 000 mmbtu / d to sempra energy at $ 0 . 15 ( slightly
above market but equal to the rate swg was originally paying ) . morgan
gottsponer sold sempra the gas for this transport deal .
burlington resources ' val verde plant - we held another conference call with
br this week to finally resolve the outstanding issue of tw ' s obligation to
take 250 , 000 mmbtu / d from burlington ' s val verde plant . operational
restrictions and san juan temperatures seasonally affect the amount of volume
tw is capable of receiving from val verde . br had claimed damages of nearly
$ 3 , 000 , 000 from having to sell san juan gas into less attractive markets
because tw could not take all their volume .
upon investigation , there were actually very few days in which tw hampered
burlington ' s deliveries ; but tw does have an exposure here for a contractual
commitment that operationally we cannot meet on a year - round basis without
spending several million dollars for additional compression . in exchange
for burlington signing an amended operating agreement that meets both parties
needs , tw has agreed to refund $ 100 , 000 of transport charges to br for gas
they moved this summer down the san juan lateral .
transport options program - comments and interventions on this filing are due
from interested parties by the close of business monday october 30 th .
duke energy - we are working on a 100 , 000 mmbtu / d east - to - east transport deal
with duke beginning in january 2001 for one to two years at a rate of $ . 02
- . 03 . this deal would justify the capital expenditure to replace the coolers
at wt - 2 and give tw another 50 , 000 mmbtu / d flow capacity on the west texas
lateral . however , duke wants alternative flow capability west to the border
at an incremental $ . 06 . as an alternative , we are proposing an index - based
sharing mechanism for the west flow but duke is balking ( current market for
calendar 2001 net of fuel is $ . 205 ) . | 2000-10-26T00:00:00 |
15,444 | top quality pills here sextet quiz contralateral commodore wasteland
get any prescription drug you want !
simple , quick and affordable !
we deliver quality medications to your door !
stop getting brochures here
livery shortcoming behave calligraphy desegregate robin compatible | 1 | spam | top quality pills here | sextet quiz contralateral commodore wasteland
get any prescription drug you want !
simple , quick and affordable !
we deliver quality medications to your door !
stop getting brochures here
livery shortcoming behave calligraphy desegregate robin compatible
| 2004-11-19T00:00:00 |
16,589 | re : model for 04 - 19 thanks | 0 | ham | re : model for 04 - 19 | thanks | 2001-04-20T00:00:00 |
31,830 | rait micros 0 ft for pennies
check ' em out
brink hoover detonate chicano kirk col thus bellini compellable tompkins screwbean bend servant dilate anastigmatic adsorbate infuse dairyman brakeman oceanside deduct violin conclude playhouse vicissitude mckeon squirm range anthropogenic centennial nightmarish bodybuild acrid arenaceous edgerton | 1 | spam | rait | micros 0 ft for pennies
check ' em out
brink hoover detonate chicano kirk col thus bellini compellable tompkins screwbean bend servant dilate anastigmatic adsorbate infuse dairyman brakeman oceanside deduct violin conclude playhouse vicissitude mckeon squirm range anthropogenic centennial nightmarish bodybuild acrid arenaceous edgerton
| 2005-02-17T00:00:00 |
5,863 | re : bei enron anjam ,
can you , please , invite gordian kemen to an interview in london ?
stinson , zimin , vasant and krishna can interview
him from houston ( video conference ) .
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 04 / 2000
10 : 13 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
jens gobel @ enron
03 / 16 / 2000 05 : 36 pm
to : vince j kaminski / hou / ect @ ect
cc :
subject : re : bei enron
gordian kemen on 03 / 15 / 2000 09 : 13 : 47 am
to : jens . gobel @ enron . com
cc :
subject : career opportunities @ enron
hi vince ,
following up to our chat on the phone .
gordian kemen will be arriving in austin on the 16 th . he will be staying in
austin for 2 weeks . he would very much appreciate to have the opportunity to
have a talk with you to find out if there is a place for him at enron . you
can reach him under ( 512 ) 301 - 9819 ( his parents in law ' s phone number ) .
thanks a lot for you help and attention ,
jens
- gordianresume . pdf | 0 | ham | re : bei enron | anjam ,
can you , please , invite gordian kemen to an interview in london ?
stinson , zimin , vasant and krishna can interview
him from houston ( video conference ) .
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 04 / 2000
10 : 13 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
jens gobel @ enron
03 / 16 / 2000 05 : 36 pm
to : vince j kaminski / hou / ect @ ect
cc :
subject : re : bei enron
gordian kemen on 03 / 15 / 2000 09 : 13 : 47 am
to : jens . gobel @ enron . com
cc :
subject : career opportunities @ enron
hi vince ,
following up to our chat on the phone .
gordian kemen will be arriving in austin on the 16 th . he will be staying in
austin for 2 weeks . he would very much appreciate to have the opportunity to
have a talk with you to find out if there is a place for him at enron . you
can reach him under ( 512 ) 301 - 9819 ( his parents in law ' s phone number ) .
thanks a lot for you help and attention ,
jens
- gordianresume . pdf | 2000-04-04T00:00:00 |
20,130 | home is where the heart is your application has been pre - approved on tuesday , october 19 th 2004 .
your mrtg process is ready for rates starting at 2 . 75 % fixed .
please use our secure site to fill - out your application .
http : / / jyz . xolwed . com / azwme
from ,
fidel pritchard
http : / / mp . xolwed . com | 1 | spam | home is where the heart is | your application has been pre - approved on tuesday , october 19 th 2004 .
your mrtg process is ready for rates starting at 2 . 75 % fixed .
please use our secure site to fill - out your application .
http : / / jyz . xolwed . com / azwme
from ,
fidel pritchard
http : / / mp . xolwed . com
| 2004-10-20T00:00:00 |
20,632 | fw : beautiful woman ready to cheat geronimo !
addi
there is a scarcity of friendship , but not of friends .
colonies do not cease to be colonies because they are independent .
that all men are equal is a proposition to which , at ordinary times , no sane human being has ever given his assent . when we do the best we can , we never know what miracle is wrought in our life , or in the life of another . wise men learn many things from their enemies . today ' s city is the most vulnerable social structure ever conceived by man .
when it is not necessary to change , it is necessary not to change . love him , and keep him for thy friend , who , when all go away , will not forsake thee , nor suffer thee to perish at the last . i think i am a much better actor than i have allowed myself to be .
paris , a city of gaieties and pleasures , where four - fifths of the inhabitants die of grief . [ about paris ] greed , like the love of comfort , is a kind of fear .
there is never a better measure of what a person is than what he does when he is absolutely free to choose . autobiography begins with a sense of being alone . it is an orphan form . look around for a place to sow a few seeds .
a heart well prepared for adversity in bad times hopes , and in good times fears for a change in fortune .
artists to my mind are the real architects of change , and not the political legislators who implement change after the fact .
give me a lever long enough , and a prop strong enough , i can single - handed move the world .
the human race is a race of cowards and i am not only marching in that procession , but carrying a banner . | 1 | spam | fw : beautiful woman ready to cheat | geronimo !
addi
there is a scarcity of friendship , but not of friends .
colonies do not cease to be colonies because they are independent .
that all men are equal is a proposition to which , at ordinary times , no sane human being has ever given his assent . when we do the best we can , we never know what miracle is wrought in our life , or in the life of another . wise men learn many things from their enemies . today ' s city is the most vulnerable social structure ever conceived by man .
when it is not necessary to change , it is necessary not to change . love him , and keep him for thy friend , who , when all go away , will not forsake thee , nor suffer thee to perish at the last . i think i am a much better actor than i have allowed myself to be .
paris , a city of gaieties and pleasures , where four - fifths of the inhabitants die of grief . [ about paris ] greed , like the love of comfort , is a kind of fear .
there is never a better measure of what a person is than what he does when he is absolutely free to choose . autobiography begins with a sense of being alone . it is an orphan form . look around for a place to sow a few seeds .
a heart well prepared for adversity in bad times hopes , and in good times fears for a change in fortune .
artists to my mind are the real architects of change , and not the political legislators who implement change after the fact .
give me a lever long enough , and a prop strong enough , i can single - handed move the world .
the human race is a race of cowards and i am not only marching in that procession , but carrying a banner .
| 2004-12-07T00:00:00 |
16,278 | nourishing spermatazoa increased desire - enhanced libido
rock hard erections - erections like steel
multiple orgasms - cum again and again
longer orgasms - the longest most intense orgasms of your life
ejaculate like a porn star - stronger ejaculation ( watch
where your aiming )
sweeter tasting sperm - studies show it improves the flavor
http : / / mauricio . untyred . net / spur / ? 897
please keep me out of this campaign
http : / / holcomb . untyred . net / rm . php ? 897 | 1 | spam | nourishing spermatazoa | increased desire - enhanced libido
rock hard erections - erections like steel
multiple orgasms - cum again and again
longer orgasms - the longest most intense orgasms of your life
ejaculate like a porn star - stronger ejaculation ( watch
where your aiming )
sweeter tasting sperm - studies show it improves the flavor
http : / / mauricio . untyred . net / spur / ? 897
please keep me out of this campaign
http : / / holcomb . untyred . net / rm . php ? 897 | 2005-05-26T00:00:00 |
3,802 | fwd : here ' s all meds . x / ana / x vlagr @ ` fiori . c 3 t ^ p : n : termin _ s . o . ma n 8 alb we are your your convenient , safe and private online source for fda approved prescriptions .
no prescription for :
plus : m : 3 ridia , x 3 n : ica | , a ' mbi 3 n , so . nata , fl 3 xe . ril , ce | 3 ` brex , fior ` ic 3 t , t . ram @ do | , u | . tr @ m , l 3 : vitra , prop 3 ci . a , acy . c | 0 vir , proz @ . c , p @ : xil , busp @ : r , ad . ipex , ionam | * n
we accept almost every form of payment .
your comfort and convenience is our prime concern . | 1 | spam | fwd : here ' s all meds . x / ana / x vlagr @ ` fiori . c 3 t ^ p : n : termin _ s . o . ma n 8 alb | we are your your convenient , safe and private online source for fda approved prescriptions .
no prescription for :
plus : m : 3 ridia , x 3 n : ica | , a ' mbi 3 n , so . nata , fl 3 xe . ril , ce | 3 ` brex , fior ` ic 3 t , t . ram @ do | , u | . tr @ m , l 3 : vitra , prop 3 ci . a , acy . c | 0 vir , proz @ . c , p @ : xil , busp @ : r , ad . ipex , ionam | * n
we accept almost every form of payment .
your comfort and convenience is our prime concern .
| 2004-02-20T00:00:00 |
7,436 | re : amitava is diverted where does this stand ? we really need amitavas full time focus .
benjamin parsons
27 / 10 / 2000 07 : 50
to : mike mumford / lon / ect @ ect
cc : steven leppard / lon / ect @ ect , bryan seyfried / lon / ect @ ect , nigel
price / lon / ect @ ect
subject : re : amitava is diverted
presumably if the eastern credit reserve issues take lots of his time away
from enroncredit , we could extend his stay for another week ? especially as
it ' s unlikely we could get vasant over in the foreseeable future .
ben
mike mumford
26 / 10 / 2000 18 : 20
to : bryan seyfried / lon / ect @ ect
cc : qlist
subject : amitava is diverted
bryan ,
just fyi - amitava will be diverted for an unspecified portion of his stay
here next week .
the did the initial coding for software / pricing systems used to value the
eastern deal . there are over - riding concerns there i or steve l . can fill
you in on if you like . problem could be monday morning or all week .
we could press for vasant to re - prioritize his time .
any thoughts ? i haven ' t checked with ben about impacts yet . . .
ben ?
mike | 0 | ham | re : amitava is diverted | where does this stand ? we really need amitavas full time focus .
benjamin parsons
27 / 10 / 2000 07 : 50
to : mike mumford / lon / ect @ ect
cc : steven leppard / lon / ect @ ect , bryan seyfried / lon / ect @ ect , nigel
price / lon / ect @ ect
subject : re : amitava is diverted
presumably if the eastern credit reserve issues take lots of his time away
from enroncredit , we could extend his stay for another week ? especially as
it ' s unlikely we could get vasant over in the foreseeable future .
ben
mike mumford
26 / 10 / 2000 18 : 20
to : bryan seyfried / lon / ect @ ect
cc : qlist
subject : amitava is diverted
bryan ,
just fyi - amitava will be diverted for an unspecified portion of his stay
here next week .
the did the initial coding for software / pricing systems used to value the
eastern deal . there are over - riding concerns there i or steve l . can fill
you in on if you like . problem could be monday morning or all week .
we could press for vasant to re - prioritize his time .
any thoughts ? i haven ' t checked with ben about impacts yet . . .
ben ?
mike | 2000-10-29T00:00:00 |
28,065 | hea golf tourney - tpc pairings michelle lokay ,
if you registered as a foursome , please review the following to obtain your
tee assignment for monday ' s tournament on the tpc course at the woodlands .
you should report directly to the tpc anytime after 11 : 30 for lunch and
registration ; shotgun tee time of 1 : 30 p . m .
remember - the format is par as your friend . also , these pairings were made
on a first come , first served basis of the teams who registered as members of
hea or nesa with full payment . if you don ' t see your name , you will be
playing the oaks course .
# 1 a - billy shields ; rob henk ; tom mathiasmeier ; lester lipperdt
# 1 b - charles neuberger , john lewis , perry lee johnson , tom brown
# 2 a - lee hanse , buck guinn , jody sumrall , bruce boyd
# 2 b - matt liner , rob bond , john wortham , sam ansley
# 3 a - keith sawyer , paul drexelius , pat banks , neal stockham
# 3 b - dan james , ken ballard , mike cobb , poe reed
# 4 a - ed troutman , jeff ambrose , ken perkins , tristan mathews
# 4 b - steve mcadory , tom rinehart , mike smith , pat anderson
# 5 a - darcy pach , larry sanderson , lee byassee , pierce rice
# 5 b - tim kingsmill , greg harper , bill whaley , kelly adams
# 6 a - mark cook , steve lichty , dave loe , russell schneider
# 6 b - linda roberts , gary bryan , dennis novosad , greg hambrick
# 7 a - corey grindal , mike mcginnis , preston troutman , phil landers
# 7 b - marty zolkoski , bill harper , mickey simmons , ron kapavik
# 8 a - darlene clark , jack beckham , roy cutsinger , tom fritts
# 8 b - stephen wolfe , randy hairr , mark hawkins , kim norman
# 9 a - bob foley , bob dorcheus , jerry pinto , allan knopp
# 9 b - darin aucoin , kevin thompson , tom van matre , jim andritsos
# 10 a - elizabeth roberts , larry clayton , mark darnell , linda whatley
# 10 b - ronnie sceroler , henderson cosnahan , bob withers , ershel redd
# 11 a - beau gervais , matt rosser , kevin holder , alan cook
# 11 b - charles steen , mark steen , rankin schurman , jim lindsay
# 12 a - john poe , andy levine , geoff beiermeister , dennis henderson
# 12 b - brett fishburn , mark pyburn , graham mccarrol , dan burns
# 13 a - doug ray , laurie rutherford , jerry vitek , vicki taormina
# 13 b - gary boening , jeff gillespie , bob ankersheil , shane riley
# 14 a - matt fleming , paul tate , bonnie briggs , bill briggs
# 14 b - mike wells , randy parr , ernie merkel , cliff brundrett
# 15 a - pete petracco , matt kwak , chris cater , richard kelman
# 15 b - clint stockman , jerry brown , sam charlton , calvin johnson
# 16 a - david smith , doug davis , david garza , mike bucher
# 16 b - ralph young , curtis holtman , lou marquez , david bosse
# 17 a - boyd cherry , bill eiser , gary booker , patrick black
# 17 b - jay davis , robert epps , david little , sandy hobbs
# 18 a - brad petrick , ed fedorchak , bert bonassin , tim delay
# 18 b - bob broxson , jake woodall , greg dodd , steve becker
this message was sent by :
teresa knight , executive director
houston energy association ( hea )
phone : ( 713 ) 651 - 0551
fax for hea : ( 713 ) 659 - 6424
tknight @ houstonenergy . 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 golf tourney - tpc pairings | michelle lokay ,
if you registered as a foursome , please review the following to obtain your
tee assignment for monday ' s tournament on the tpc course at the woodlands .
you should report directly to the tpc anytime after 11 : 30 for lunch and
registration ; shotgun tee time of 1 : 30 p . m .
remember - the format is par as your friend . also , these pairings were made
on a first come , first served basis of the teams who registered as members of
hea or nesa with full payment . if you don ' t see your name , you will be
playing the oaks course .
# 1 a - billy shields ; rob henk ; tom mathiasmeier ; lester lipperdt
# 1 b - charles neuberger , john lewis , perry lee johnson , tom brown
# 2 a - lee hanse , buck guinn , jody sumrall , bruce boyd
# 2 b - matt liner , rob bond , john wortham , sam ansley
# 3 a - keith sawyer , paul drexelius , pat banks , neal stockham
# 3 b - dan james , ken ballard , mike cobb , poe reed
# 4 a - ed troutman , jeff ambrose , ken perkins , tristan mathews
# 4 b - steve mcadory , tom rinehart , mike smith , pat anderson
# 5 a - darcy pach , larry sanderson , lee byassee , pierce rice
# 5 b - tim kingsmill , greg harper , bill whaley , kelly adams
# 6 a - mark cook , steve lichty , dave loe , russell schneider
# 6 b - linda roberts , gary bryan , dennis novosad , greg hambrick
# 7 a - corey grindal , mike mcginnis , preston troutman , phil landers
# 7 b - marty zolkoski , bill harper , mickey simmons , ron kapavik
# 8 a - darlene clark , jack beckham , roy cutsinger , tom fritts
# 8 b - stephen wolfe , randy hairr , mark hawkins , kim norman
# 9 a - bob foley , bob dorcheus , jerry pinto , allan knopp
# 9 b - darin aucoin , kevin thompson , tom van matre , jim andritsos
# 10 a - elizabeth roberts , larry clayton , mark darnell , linda whatley
# 10 b - ronnie sceroler , henderson cosnahan , bob withers , ershel redd
# 11 a - beau gervais , matt rosser , kevin holder , alan cook
# 11 b - charles steen , mark steen , rankin schurman , jim lindsay
# 12 a - john poe , andy levine , geoff beiermeister , dennis henderson
# 12 b - brett fishburn , mark pyburn , graham mccarrol , dan burns
# 13 a - doug ray , laurie rutherford , jerry vitek , vicki taormina
# 13 b - gary boening , jeff gillespie , bob ankersheil , shane riley
# 14 a - matt fleming , paul tate , bonnie briggs , bill briggs
# 14 b - mike wells , randy parr , ernie merkel , cliff brundrett
# 15 a - pete petracco , matt kwak , chris cater , richard kelman
# 15 b - clint stockman , jerry brown , sam charlton , calvin johnson
# 16 a - david smith , doug davis , david garza , mike bucher
# 16 b - ralph young , curtis holtman , lou marquez , david bosse
# 17 a - boyd cherry , bill eiser , gary booker , patrick black
# 17 b - jay davis , robert epps , david little , sandy hobbs
# 18 a - brad petrick , ed fedorchak , bert bonassin , tim delay
# 18 b - bob broxson , jake woodall , greg dodd , steve becker
this message was sent by :
teresa knight , executive director
houston energy association ( hea )
phone : ( 713 ) 651 - 0551
fax for hea : ( 713 ) 659 - 6424
tknight @ houstonenergy . 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 / | 2000-10-10T00:00:00 |
19,760 | get a free sony dvd handycam | 1 | spam | get a free sony dvd handycam | 2004-09-09T00:00:00 |
|
25,188 | you don _ t know how to attract customers to your website ? submitting your website in search engines may increase
your online sales dramatically .
lf you invested time and money into your website , you
simply must submit your website
oniine otherwise it will be invisibie virtually , which means efforts spent in vain .
lf you want
people to know about your website and boost your revenues , the only way to do
that is to
make your site visibie in places
where peopie search for information , i . e .
submit your
website in muitipie search enqines .
submit your website online
and watch visitors stream to your e - business .
best reqards ,
gerrirandali _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ not interested . . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ | 1 | spam | you don _ t know how to attract customers to your website ? | submitting your website in search engines may increase
your online sales dramatically .
lf you invested time and money into your website , you
simply must submit your website
oniine otherwise it will be invisibie virtually , which means efforts spent in vain .
lf you want
people to know about your website and boost your revenues , the only way to do
that is to
make your site visibie in places
where peopie search for information , i . e .
submit your
website in muitipie search enqines .
submit your website online
and watch visitors stream to your e - business .
best reqards ,
gerrirandali _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ not interested . . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ | 2005-06-22T00:00:00 |
30,761 | write me back please lungs rumbles absinthe downplay palestine
vergil spanning millionth parchment
currencies axiomatizations cosmetic cliff muslim
brenda stencil woodland illusion
avalanched comically snack
visitors accordions aborigines draining manhood
schedules marshals bearers
rankin parrs metaphorically bernstein
downturn accompanists for anthems coleridge
- -
phone : 979 - 260 - 8220
mobile : 857 - 252 - 3356
email : trevor . wallace 2002 @ kellychen . com | 1 | spam | write me back please | lungs rumbles absinthe downplay palestine
vergil spanning millionth parchment
currencies axiomatizations cosmetic cliff muslim
brenda stencil woodland illusion
avalanched comically snack
visitors accordions aborigines draining manhood
schedules marshals bearers
rankin parrs metaphorically bernstein
downturn accompanists for anthems coleridge
- -
phone : 979 - 260 - 8220
mobile : 857 - 252 - 3356
email : trevor . wallace 2002 @ kellychen . com
| 2004-12-12T00:00:00 |
16,687 | news you need ! please read fyi -
we will not be confirming hourly trades for generators or any other counterparties until further notice . the logistics of the process are still being worked out . in the meantime , keep checking " no confirm " on all deals .
bloomberg deals are another story . they do get confirmed everyday . however , the people in the confirms group know this inherently and do not need the added validation of a " yes confirm " checkmark . what they do need is a clue as to which deals have been done with bloomberg , and the best way to convey this is by typing " bloomberg " next to the word " broker " in your deal entry screen .
if this is unclear , please let me know .
thanks ,
kate | 0 | ham | news you need ! please read | fyi -
we will not be confirming hourly trades for generators or any other counterparties until further notice . the logistics of the process are still being worked out . in the meantime , keep checking " no confirm " on all deals .
bloomberg deals are another story . they do get confirmed everyday . however , the people in the confirms group know this inherently and do not need the added validation of a " yes confirm " checkmark . what they do need is a clue as to which deals have been done with bloomberg , and the best way to convey this is by typing " bloomberg " next to the word " broker " in your deal entry screen .
if this is unclear , please let me know .
thanks ,
kate | 2001-06-15T00:00:00 |
18,302 | miningnews . net newsletter - thursday , february 05 , 2004 thursday , february 05 , 2004 miningnews . net
to allow you to read the stories below , we have arranged a complimentary one month subscription for you . to accept , click here to visit our extended service at http : / / www . miningnews . net / . alternatively , just click any of the stories below . should you wish to discontinue this service , you may click here to cancel your subscription , or email subscriptions @ miningnews . net . have some news of your own ? send your press releases , product news or conference details to submissions @ miningnews . net .
mil not expecting amc support
magnesium international says it will not " piggyback " off any of the work conducted by the australian magnesium corporation ( amc ) as it begins its own study into the possibility of making the queensland town of stanwell the new site for its samag magnesium smelter . . . ( 5 february 2004 )
full story
strong performance at long
nickel miner independence group ' s strong operational stewardship of the long mine near kambalda is continuing , with a seismic event successfully dealt with and ore tonnage and grade " significantly " above budget in january .
. . ( 5 february 2004 )
full story
rosie north ' s golden hue
shares in gateway mining were up 7 % this morning after drilling results from the gidgee project in western australia confirmed the rosie north mineralised zone extends to over 250 m . . . ( 5 february 2004 )
full story
native title agreement for pastoral holdings
a major native title issue was addressed earlier this week with the signing of an agreement about the principles governing the access by native title holders to pastoral holdings in the goldfields region . . . ( 5 february 2004 )
full story
de grey raises $ 5 . 25 million
de grey mining is raising $ 5 . 25 million via a placement to macquarie bank and clients of intersuisse , montagu stockbroking and peregrine corporate . . . ( 5 february 2004 )
full story
underground potential at the mount
austminex believes recent drilling result show the mount gold project south of kalgoorlie has the potential to become an underground mining operation . . . ( 5 february 2004 )
full story
drilling underway at snake well
giralia resources is targeting a new resource at its snake well gold project in western australia in march after beginning a substantial drill campaign late last month . . . ( 5 february 2004 )
full story
drd reduces porgera stake
south african - based gold miner durban roodepoort deep has agreed to sell a 5 % direct interest in the porgera gold mine to mineral resources enga for us $ 22 . 52 million . . . ( 5 february 2004 )
full story
chinese gold lures bkm back from wet dreams
bkm management has confirmed media speculation that it is ditching modelling for mining with the perth - based company to join with westralian resources to look for chinese gold . . . ( 5 february 2004 )
full story
kagara production beats expectations , reduces costs
kagara zinc has revised its zinc production figures for the december 2003 quarter , with production for the three - month period at its mt garnet operations in queensland confirmed at 6650 t . . . ( 5 february 2004 )
full story
aquarius sets new quarterly record
australian listed miner aquarius platinum recorded a solid december 2003 quarter with total platinum group metal production from its south african mining operations reaching 100 , 428 oz . . . ( 5 february 2004 )
full story
falconbridge , union agree to use conciliator
falconbridge and striking workers at its sudbury , ontario operations have agreed to hold " very preliminary " discussions with a canadian ministry of labour conciliator to see if they are close enough on the key issues for formal negotiations to resume . . . ( 4 february 2004 )
full story
steady work with komatsuthe " super low boom profile " of komatsu ' s new telescopic handlers has expanded the company ' s offering of high - productivity solutions . . . . miningnews . net ' s e - newsletter
uses an html - rich media format to provide a
visually attractive layout . if , for any reason ,
your computer does not support html format e - mail ,
please let us know by emailing contact @ miningnews . net
with your full name
and e - mail address , and we will ensure you receive
our e - newsletter in a plain - text format . if you have forgotten your password , please contact helpdesk @ miningnews . net .
have some news of your own ? send your press releases , product news or conference details to submissions @ miningnews . net .
aspermont limited ( abn 66 000 375 048 ) postal address po box 78 , leederville , wa australia 6902 head office tel + 61 8 9489 9100 head office fax + 61 8 9381 1848 e - mail contact @ aspermont . com website www . aspermont . com
section
dryblower
investment news
mine safety and health & environment
mine supply today
analyst tips
capital raisings
commodities
director trades
due diligence
exploration
general
ipos
market wrap
mining events
moves
mst features
on the move
on the record
people in profil
project watch
resourcestocks
the big picture
week in review
commodity
coal
copper
diamonds
gold
nickel
silver
zinc
bauxite - alum
chromium
cobalt
gemstone
iron ore
kaolin
magnesium
manganese
mineral sand
oilshale
pgm
rare earths
salt
tantalum
tin
tungsten
uranium
vanadium
region
africa
all regions
asia
australia
europe
north americ
oceania
south americ
primex expo 2004
ground support in mining ( in conjunction with bfp consultants )
ajm ' s 7 th annual global iron ore & steel forecast conference : strengthening australia ' s ties to china within the iron & steel industry
minehaul 2004 - the 2004 haulage event for surface mining operators
show all events | 1 | spam | miningnews . net newsletter - thursday , february 05 , 2004 | thursday , february 05 , 2004 miningnews . net
to allow you to read the stories below , we have arranged a complimentary one month subscription for you . to accept , click here to visit our extended service at http : / / www . miningnews . net / . alternatively , just click any of the stories below . should you wish to discontinue this service , you may click here to cancel your subscription , or email subscriptions @ miningnews . net . have some news of your own ? send your press releases , product news or conference details to submissions @ miningnews . net .
mil not expecting amc support
magnesium international says it will not " piggyback " off any of the work conducted by the australian magnesium corporation ( amc ) as it begins its own study into the possibility of making the queensland town of stanwell the new site for its samag magnesium smelter . . . ( 5 february 2004 )
full story
strong performance at long
nickel miner independence group ' s strong operational stewardship of the long mine near kambalda is continuing , with a seismic event successfully dealt with and ore tonnage and grade " significantly " above budget in january .
. . ( 5 february 2004 )
full story
rosie north ' s golden hue
shares in gateway mining were up 7 % this morning after drilling results from the gidgee project in western australia confirmed the rosie north mineralised zone extends to over 250 m . . . ( 5 february 2004 )
full story
native title agreement for pastoral holdings
a major native title issue was addressed earlier this week with the signing of an agreement about the principles governing the access by native title holders to pastoral holdings in the goldfields region . . . ( 5 february 2004 )
full story
de grey raises $ 5 . 25 million
de grey mining is raising $ 5 . 25 million via a placement to macquarie bank and clients of intersuisse , montagu stockbroking and peregrine corporate . . . ( 5 february 2004 )
full story
underground potential at the mount
austminex believes recent drilling result show the mount gold project south of kalgoorlie has the potential to become an underground mining operation . . . ( 5 february 2004 )
full story
drilling underway at snake well
giralia resources is targeting a new resource at its snake well gold project in western australia in march after beginning a substantial drill campaign late last month . . . ( 5 february 2004 )
full story
drd reduces porgera stake
south african - based gold miner durban roodepoort deep has agreed to sell a 5 % direct interest in the porgera gold mine to mineral resources enga for us $ 22 . 52 million . . . ( 5 february 2004 )
full story
chinese gold lures bkm back from wet dreams
bkm management has confirmed media speculation that it is ditching modelling for mining with the perth - based company to join with westralian resources to look for chinese gold . . . ( 5 february 2004 )
full story
kagara production beats expectations , reduces costs
kagara zinc has revised its zinc production figures for the december 2003 quarter , with production for the three - month period at its mt garnet operations in queensland confirmed at 6650 t . . . ( 5 february 2004 )
full story
aquarius sets new quarterly record
australian listed miner aquarius platinum recorded a solid december 2003 quarter with total platinum group metal production from its south african mining operations reaching 100 , 428 oz . . . ( 5 february 2004 )
full story
falconbridge , union agree to use conciliator
falconbridge and striking workers at its sudbury , ontario operations have agreed to hold " very preliminary " discussions with a canadian ministry of labour conciliator to see if they are close enough on the key issues for formal negotiations to resume . . . ( 4 february 2004 )
full story
steady work with komatsuthe " super low boom profile " of komatsu ' s new telescopic handlers has expanded the company ' s offering of high - productivity solutions . . . . miningnews . net ' s e - newsletter
uses an html - rich media format to provide a
visually attractive layout . if , for any reason ,
your computer does not support html format e - mail ,
please let us know by emailing contact @ miningnews . net
with your full name
and e - mail address , and we will ensure you receive
our e - newsletter in a plain - text format . if you have forgotten your password , please contact helpdesk @ miningnews . net .
have some news of your own ? send your press releases , product news or conference details to submissions @ miningnews . net .
aspermont limited ( abn 66 000 375 048 ) postal address po box 78 , leederville , wa australia 6902 head office tel + 61 8 9489 9100 head office fax + 61 8 9381 1848 e - mail contact @ aspermont . com website www . aspermont . com
section
dryblower
investment news
mine safety and health & environment
mine supply today
analyst tips
capital raisings
commodities
director trades
due diligence
exploration
general
ipos
market wrap
mining events
moves
mst features
on the move
on the record
people in profil
project watch
resourcestocks
the big picture
week in review
commodity
coal
copper
diamonds
gold
nickel
silver
zinc
bauxite - alum
chromium
cobalt
gemstone
iron ore
kaolin
magnesium
manganese
mineral sand
oilshale
pgm
rare earths
salt
tantalum
tin
tungsten
uranium
vanadium
region
africa
all regions
asia
australia
europe
north americ
oceania
south americ
primex expo 2004
ground support in mining ( in conjunction with bfp consultants )
ajm ' s 7 th annual global iron ore & steel forecast conference : strengthening australia ' s ties to china within the iron & steel industry
minehaul 2004 - the 2004 haulage event for surface mining operators
show all events
| 2004-02-05T00:00:00 |
28,883 | re : route : non - standard amendment to ppl # 27714 maria moved the new provision into paragraph no . 2 ; other than positioning , nothing changed from the first route . . .
- - - - - original message - - - - -
from : buehler , craig
sent : thursday , october 04 , 2001 5 : 02 pm
to : lokay , michelle ; pavlou , maria ; lokey , teb ; doll , jeanette ; watson , kimberly
cc : cormier , martha ; lee , dennis
subject : route : non - standard amendment to ppl # 27714
please review the attached amendment to tw k # 27714 . this amendment was previously routed / approved ; however , paragraph no . 7 ( in red ) has been added . please respond with comments and / or approval to craig buehler as soon as possible . we would like to tender this amendment tomorrow ( 10 / 5 / 01 ) . contact michelle lokay with questions ( x 57932 ) . thanks
craig
>
- - - - - original message - - - - -
from : lokay , michelle
sent : thursday , october 04 , 2001 3 : 32 pm
to : buehler , craig
cc : cormier , martha ; lee , dennis
subject : amendment to ppl # 27714
" for the term of this amendment , transwestern agrees to provide an additional discount to the shipper for quantities that could not be scheduled hereunder due to an event of force majeure , as reasonably determined by transwestern ,
rendering the supplies unavailable . the additional discount will be an amount equal to any quantities made unavailable multiplied by the discounted rate . "
this contract needs to be amended for the above paragraph . legal ( maria pavlou ) has already approved and ppl is expecting this change . thanks !
michelle lokay
account director
transwestern commercial group
713 - 345 - 7932 | 0 | ham | re : route : non - standard amendment to ppl # 27714 | maria moved the new provision into paragraph no . 2 ; other than positioning , nothing changed from the first route . . .
- - - - - original message - - - - -
from : buehler , craig
sent : thursday , october 04 , 2001 5 : 02 pm
to : lokay , michelle ; pavlou , maria ; lokey , teb ; doll , jeanette ; watson , kimberly
cc : cormier , martha ; lee , dennis
subject : route : non - standard amendment to ppl # 27714
please review the attached amendment to tw k # 27714 . this amendment was previously routed / approved ; however , paragraph no . 7 ( in red ) has been added . please respond with comments and / or approval to craig buehler as soon as possible . we would like to tender this amendment tomorrow ( 10 / 5 / 01 ) . contact michelle lokay with questions ( x 57932 ) . thanks
craig
>
- - - - - original message - - - - -
from : lokay , michelle
sent : thursday , october 04 , 2001 3 : 32 pm
to : buehler , craig
cc : cormier , martha ; lee , dennis
subject : amendment to ppl # 27714
" for the term of this amendment , transwestern agrees to provide an additional discount to the shipper for quantities that could not be scheduled hereunder due to an event of force majeure , as reasonably determined by transwestern ,
rendering the supplies unavailable . the additional discount will be an amount equal to any quantities made unavailable multiplied by the discounted rate . "
this contract needs to be amended for the above paragraph . legal ( maria pavlou ) has already approved and ppl is expecting this change . thanks !
michelle lokay
account director
transwestern commercial group
713 - 345 - 7932 | 2001-10-05T00:00:00 |
20,220 | degree in days orville what a great idea !
we provide a concept that will allow anyone with sufficient life experience to
obtain a fully verifiable university diploma .
bachelor , master or even a doctorate .
think of it , within a month you too could be a college graduate .
many people share the same frustration , they are all doing the work of the
person that has the degree , and the person that has the degree is getting all
the money .
don ' t you think that it is time you were paid fair compensation for the level of
work you are already doing ?
this is your chance to finally make the right move and receive your due
benefits .
if you are like most people , you are more than qualified with your experience ,
but you are lacking that prestigious piece of paper known as a diploma that is
often the passport to success .
go here
today , to fill out an online application form and give your life a chance !
? ?
bois droop mccracken crossover devote fingernail
appendices hurt paperback telemeter watercourse fusty
arrangeable alfresco kremlin arrear sunny arianism
canis aqueduct mountain citation crystallography jewell
if you prefer not to receive such offers
go here :
? ? | 1 | spam | degree in days orville | what a great idea !
we provide a concept that will allow anyone with sufficient life experience to
obtain a fully verifiable university diploma .
bachelor , master or even a doctorate .
think of it , within a month you too could be a college graduate .
many people share the same frustration , they are all doing the work of the
person that has the degree , and the person that has the degree is getting all
the money .
don ' t you think that it is time you were paid fair compensation for the level of
work you are already doing ?
this is your chance to finally make the right move and receive your due
benefits .
if you are like most people , you are more than qualified with your experience ,
but you are lacking that prestigious piece of paper known as a diploma that is
often the passport to success .
go here
today , to fill out an online application form and give your life a chance !
? ?
bois droop mccracken crossover devote fingernail
appendices hurt paperback telemeter watercourse fusty
arrangeable alfresco kremlin arrear sunny arianism
canis aqueduct mountain citation crystallography jewell
if you prefer not to receive such offers
go here :
? ?
| 2004-10-30T00:00:00 |
29,806 | assistance and investment ! mr : donald kabilatele : 27 - 839 - 851 - 035 attn : president / ceo i know you will be surprise to receive this but do please consider it a request from a suffering familyin serious need of your humble assistance . my family had to bring before you this proposal because we sincerely hope you will be reliable to assist us . anyway , my name is as above stated . i am the first son to the second wife of the recently assassinated president of the democratic republic of congo , late laurent kabila . my mother got your contact information through a family friend who works with the south african chamber of commerce and industry . six months before the assassination of my father , he had used my name to deposit in a metal box the flat sum of twenty six million united states
dollars = us $ 26 m = in a vault of a private security firm in johannesburg , south africa . the security company do not know the actual content of the box deposited with them since my father declared it to be precious metals . this money was to be used forhis second tenure election campaign bid but unfortunately , his own personal aide assassinated him in a palace coup on the early hour of january 16 th , 2001 . since my father s death , my step mother has continued to be extremely mean and discriminatory to us in the family scheme of things because his son , mr . joseph kabila , now rule as president . she has even arbitrarily accused my mother of having master minded our father s assassination and all sorts of groundless accusations . as a result of all these , i decided to move my family to south africa . right now , i am staying with my family here in johannesburg but as refugees . as it is , i have now decided to divert this money for our own personal use but we would want to get
it transferred outside the continent for onward investment purposes . we do not want to invest here due to the volatile and sensitive status of the region . as an international partner , i genuinely solicit that you kindly help me and my family transfer this money into your country through your personal or company bank account for safe keeping pending my immediate arrival for onward investments , which we are going to rely on you heavily to help us materialize . this money will be paid into your account as acontract fund through a prime local bank here in johannesburg . i must stress here that there is no risk involvement of any kindsince our attorney have mapped out a very perfect and smooth - free transfer plans that will be concluded within a maximum of five working days of receiving your approval . we have resolved to offer you 20 % of the money for your assistance and every expenses are out rightly subject to instant refund . the rest will be for investments in your country or anywhere
you might suggest . further discussions will commence when we hear from you but donot forget the absolute confidentiality and mutualtrust required in this transaction . kindly contact uson the above - specified direct contact numbers should this proposal happen to meet your utmost considerations . in sincerity , mr . donald kabila
yahoo ! india matrimony : find your life partner
online . | 1 | spam | assistance and investment ! | mr : donald kabilatele : 27 - 839 - 851 - 035 attn : president / ceo i know you will be surprise to receive this but do please consider it a request from a suffering familyin serious need of your humble assistance . my family had to bring before you this proposal because we sincerely hope you will be reliable to assist us . anyway , my name is as above stated . i am the first son to the second wife of the recently assassinated president of the democratic republic of congo , late laurent kabila . my mother got your contact information through a family friend who works with the south african chamber of commerce and industry . six months before the assassination of my father , he had used my name to deposit in a metal box the flat sum of twenty six million united states
dollars = us $ 26 m = in a vault of a private security firm in johannesburg , south africa . the security company do not know the actual content of the box deposited with them since my father declared it to be precious metals . this money was to be used forhis second tenure election campaign bid but unfortunately , his own personal aide assassinated him in a palace coup on the early hour of january 16 th , 2001 . since my father s death , my step mother has continued to be extremely mean and discriminatory to us in the family scheme of things because his son , mr . joseph kabila , now rule as president . she has even arbitrarily accused my mother of having master minded our father s assassination and all sorts of groundless accusations . as a result of all these , i decided to move my family to south africa . right now , i am staying with my family here in johannesburg but as refugees . as it is , i have now decided to divert this money for our own personal use but we would want to get
it transferred outside the continent for onward investment purposes . we do not want to invest here due to the volatile and sensitive status of the region . as an international partner , i genuinely solicit that you kindly help me and my family transfer this money into your country through your personal or company bank account for safe keeping pending my immediate arrival for onward investments , which we are going to rely on you heavily to help us materialize . this money will be paid into your account as acontract fund through a prime local bank here in johannesburg . i must stress here that there is no risk involvement of any kindsince our attorney have mapped out a very perfect and smooth - free transfer plans that will be concluded within a maximum of five working days of receiving your approval . we have resolved to offer you 20 % of the money for your assistance and every expenses are out rightly subject to instant refund . the rest will be for investments in your country or anywhere
you might suggest . further discussions will commence when we hear from you but donot forget the absolute confidentiality and mutualtrust required in this transaction . kindly contact uson the above - specified direct contact numbers should this proposal happen to meet your utmost considerations . in sincerity , mr . donald kabila
yahoo ! india matrimony : find your life partner
online . | 2004-09-27T00:00:00 |
13,912 | re : coal deals the current bengalla purchase transaction for approximately $ 3 . 5 mm is approved by credit and from a cash flow standpoint . please continue to approve transactions through credit . however , for the most part we will treat the coal business , as business as usual .
thanks ,
bill
- - - - - original message - - - - -
from : mcclellan , george
sent : tuesday , november 13 , 2001 7 : 34 am
to : bradford , william s .
cc : shankman , jeffrey a .
subject : re : coal deals
bill - apologize for missing our meeting yesterday . please give me a call first thing to go over bengalla and drummond . thanks .
- - - - - original message - - - - -
from : bradford , william s .
sent : sunday , november 11 , 2001 10 : 38 am
to : mcclellan , george
cc : suttle , john
subject : re : coal deals
george ,
i would be happy to discuss with you . it remains critical that we manage all cash requirements as our access to capital markets has been impacted over the past few weeks . hopefully the announcement on friday will improve our ability to execute transactions like this in future , but prior to friday this was a necessary precaution . unfortunately , you are working at a different company than you were a few weeks ago .
we can discuss next week .
bill
- - - - - original message - - - - -
from : mcclellan , george
sent : friday , november 09 , 2001 7 : 51 pm
to : suttle , john ; peters , jez ; staley , stuart ; miyai , tark ; bauer , adam ;
nimmo , matthew ; bradford , william s .
subject : re : coal deals
john / bill - talk with me in houston on monday - we ain ' t operating like this .
george
- - - - - original message - - - - -
from : suttle , john
sent : fri 11 / 9 / 2001 12 : 36 pm
to : peters , jez ; staley , stuart ; miyai , tark ; bauer , adam ; nimmo , matthew ; bradford , william s .
cc : mcclellan , george
subject : re : coal deals
the bengalla deal was struck after i had given ecap notice of the liquidity problems , and more importantly , without any rac involvement .
from a rac perspective this deal is still unapproved . if an invoice discount facility can be used , or some other means of performing without using enron capital then you should move forward . if these options are not available , then the issue should either be raised to louise kitchen for approval or unwound until the liquidity problems are resolved .
john
- - - - - original message - - - - -
from : peters , jez
sent : thursday , november 08 , 2001 5 : 17 pm
to : staley , stuart ; suttle , john ; miyai , tark ; bauer , adam ; nimmo , matthew ; bradford , william s .
cc : mcclellan , george
subject : re : coal deals
needless to say we need some clarification here - bengalla deal is alreday in forward motion in that coal being delivered to port as of today and we have commitments which we need to source for . please call .
thks
jez
- - - - - original message - - - - -
from : staley , stuart
sent : friday , 9 november 2001 5 : 54 am
to : suttle , john ; miyai , tark ; peters , jez ; bauer , adam ; nimmo , matthew ; bradford , william s .
cc : mcclellan , george
subject : re : coal deals
john :
i assume this does not apply to ectrl business , as we have not been given a reciprocal recommendation for european biz . can you confirm this ? also , can you clarify what the specific issue is with ecap that is not an issue with ectrl ? is this specific to cash flow within australian entities ?
thanks ,
stu
- - - - - original message - - - - -
from : suttle , john
sent : 08 november 2001 17 : 42
to : miyai , tark ; peters , jez ; staley , stuart ; bauer , adam ; nimmo , matthew ; bradford , william s .
subject : coal deals
in light of the current situation in houston , i recommend we wait to finalize any physical coal sourcing or deliveries in the ecap business . in short , rac cannot approve any purchase or sale until the liquidity issues are resolved . hopefully by the end of the week we will know more , have things settled , and business can continue as normal .
please call me if you have any questions .
john
281 - 345 - 8264 | 0 | ham | re : coal deals | the current bengalla purchase transaction for approximately $ 3 . 5 mm is approved by credit and from a cash flow standpoint . please continue to approve transactions through credit . however , for the most part we will treat the coal business , as business as usual .
thanks ,
bill
- - - - - original message - - - - -
from : mcclellan , george
sent : tuesday , november 13 , 2001 7 : 34 am
to : bradford , william s .
cc : shankman , jeffrey a .
subject : re : coal deals
bill - apologize for missing our meeting yesterday . please give me a call first thing to go over bengalla and drummond . thanks .
- - - - - original message - - - - -
from : bradford , william s .
sent : sunday , november 11 , 2001 10 : 38 am
to : mcclellan , george
cc : suttle , john
subject : re : coal deals
george ,
i would be happy to discuss with you . it remains critical that we manage all cash requirements as our access to capital markets has been impacted over the past few weeks . hopefully the announcement on friday will improve our ability to execute transactions like this in future , but prior to friday this was a necessary precaution . unfortunately , you are working at a different company than you were a few weeks ago .
we can discuss next week .
bill
- - - - - original message - - - - -
from : mcclellan , george
sent : friday , november 09 , 2001 7 : 51 pm
to : suttle , john ; peters , jez ; staley , stuart ; miyai , tark ; bauer , adam ;
nimmo , matthew ; bradford , william s .
subject : re : coal deals
john / bill - talk with me in houston on monday - we ain ' t operating like this .
george
- - - - - original message - - - - -
from : suttle , john
sent : fri 11 / 9 / 2001 12 : 36 pm
to : peters , jez ; staley , stuart ; miyai , tark ; bauer , adam ; nimmo , matthew ; bradford , william s .
cc : mcclellan , george
subject : re : coal deals
the bengalla deal was struck after i had given ecap notice of the liquidity problems , and more importantly , without any rac involvement .
from a rac perspective this deal is still unapproved . if an invoice discount facility can be used , or some other means of performing without using enron capital then you should move forward . if these options are not available , then the issue should either be raised to louise kitchen for approval or unwound until the liquidity problems are resolved .
john
- - - - - original message - - - - -
from : peters , jez
sent : thursday , november 08 , 2001 5 : 17 pm
to : staley , stuart ; suttle , john ; miyai , tark ; bauer , adam ; nimmo , matthew ; bradford , william s .
cc : mcclellan , george
subject : re : coal deals
needless to say we need some clarification here - bengalla deal is alreday in forward motion in that coal being delivered to port as of today and we have commitments which we need to source for . please call .
thks
jez
- - - - - original message - - - - -
from : staley , stuart
sent : friday , 9 november 2001 5 : 54 am
to : suttle , john ; miyai , tark ; peters , jez ; bauer , adam ; nimmo , matthew ; bradford , william s .
cc : mcclellan , george
subject : re : coal deals
john :
i assume this does not apply to ectrl business , as we have not been given a reciprocal recommendation for european biz . can you confirm this ? also , can you clarify what the specific issue is with ecap that is not an issue with ectrl ? is this specific to cash flow within australian entities ?
thanks ,
stu
- - - - - original message - - - - -
from : suttle , john
sent : 08 november 2001 17 : 42
to : miyai , tark ; peters , jez ; staley , stuart ; bauer , adam ; nimmo , matthew ; bradford , william s .
subject : coal deals
in light of the current situation in houston , i recommend we wait to finalize any physical coal sourcing or deliveries in the ecap business . in short , rac cannot approve any purchase or sale until the liquidity issues are resolved . hopefully by the end of the week we will know more , have things settled , and business can continue as normal .
please call me if you have any questions .
john
281 - 345 - 8264 | 2001-11-13T00:00:00 |
27,132 | is it a micro - cap bonanza ? best stoc - k for year 2005 - read the story and you will see for yourself
are you tired of public companies without anything substantial backing their story - how about a revolutionary invention that will change the security industry forever , and the company just went public ! ! !
company name : sniffex inc
ticker : snfx
we profiled this stoc - k 1 month ago when it was at $ 1 and we said dont buy unless you are long term player , we projected $ 5 - 10 should be seen soon and since then the stoc - k went to $ 3 . 4 high and is now steadily trading like $ 500 k or more every day at $ 2 . 80 range .
the company has the most sensitive explosive detection device in the world and now after what happened in london 10 days ago this sector is the hottest on the stoc - k market .
we believe sniffex will start selling their devices very soon to all security forces around the world simply because their device can find even 100 grams of almost any type of explosive from 30 - 50 yards maybe even more and even through walls or metal shield .
we strongly believe once everybody on the stoc - k market realize what a gem snfx then its possible for this stoc - k to see $ 10 - 20 levels .
rating : strong buy
industry : security , homeland security , cargo screening and explosion detection systems
recent news : sniffex , inc . announces international marketing program
do not buy this stoc - k if you want to just play it for a few days , this issue will bring best returns only for long term investors who realize the potential of the company and the fact that 2 - 3 contracts on government level could skyrocket the stoc - k price above $ 10 - 20 .
reason for the top 2005 rating : unique explosive detection device capable of finding its targets from tens or hundreds of meters ! ! ! there is no other eds device which is so powerful that can locate almost any explosive behind concrete walls from distance of tens of meters ! !
the competition : there are many companies in the industry of sniffing explosives , some of them are public and they are companies like ison hwpr or hiet and all of them have devices which can locate explosive from 10 inches , 1 feet , 2 feet or close to that .
compared to these results sn fx device is tens of times better and smaller in size and yet cheaper ! !
" snfx announced the release of sniffex version 1 . 1 , a handheld explosives detection device which the company claims can locate nitro - based explosives from a distance of 10 to 100 feet depending on the quantity of the explosive and environmental conditions .
the company also stated that , to the best of their knowledge , sniffex is the first device of its kind that can operate from such distances and find exp losives behind barriers . "
could this company be amongst the top deals on wallstreet this year ! ! ! yes its trading at only $ 2 . 8 now and this brand new stoc - k could be $ 10 - 20 easily in the next few months as the story unfolds ! !
do not buy this stoc - k if you want to just play it for a few days , this issue will bring best returns only for long term investors who realize the potential of the company and the fact that 2 - 3 contracts on government level could skyrocket the stoc - k price above $ 10 .
snfx is in process of presenting the new device in usa and to worldwide markets and as soon as they receive some substantial orders and feedback from big institutional clients , this stoc - k will fly in the skies ,
as an example ison traded almost 1 billion dollars after they announced they are in process of developing some device , and snfx already has the device and it proved it works in numerous tests ! !
recent news announcement from the company : sniffex , inc . ( snfx ) ( " sniffex " ) , producers of sniffex , an explosive detection device , announced today the results of a new international marketing campaign that includes asia , australia , and the middle east .
the company stated that inquires for the product has come from at least 10 countries and that discussions have already begun on distribution agreements in several of those countries .
the company further stated that they have had significant direct interest from us government agencies and several foreign governments .
" our progress as a new company has been steadily accelerating . the events of july 7 , 2005 in london have further increased the interest in sniffex and in our company ' s future products .
we believe we are at the forefront of providing new tools for effectively fighting the international war on terror , " stated paul johnson , president of sniffex , inc . " we are saddened by the losses that occurred in london and we are hopeful that sniffex will become a critical component in saving future lives . "
this stoc - k is going to be the hottest issue for the year 2005 ! !
important information :
this newsletter was paid $ 22000 from third party ( ftpradical advertising ) to send this report . all statements made are our express opinion only and should be treated as such .
we may own , take position and sell any securities mentioned at any time . any statements that express or involve discussions with respect to predictions , goals , expectations , beliefs , plans , projections , objectives , assumptions or future events or performance are not statements of istorical 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 statemnts in this action may be identified through the use of words such as : " projects " , " foresee " , " expects " .
in compliance with section 17 ( b ) , we disclose the holding of sn fx shares prior to the publication of this report . be aware of an inherent conflict of interest resulting from such holdings due to our intent to profit from the liquidation of these shares .
shares may be sold 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 publication are cautioned not to place undue reliance on forward - looking statements , which are based on certain assumptions and expectations involving various risks and uncertainties , that could cause results to differ materially from those set forth in the forward - looking statements .
this is not solicitation to buy or sell stoc - ks , this text is for informational purpose only and you should seek professional advice from registered financial advisor before you do anything related with buying or selling stoc - ks , penny stoc - ks are very high risk and you can lose your entire investment . | 1 | spam | is it a micro - cap bonanza ? | best stoc - k for year 2005 - read the story and you will see for yourself
are you tired of public companies without anything substantial backing their story - how about a revolutionary invention that will change the security industry forever , and the company just went public ! ! !
company name : sniffex inc
ticker : snfx
we profiled this stoc - k 1 month ago when it was at $ 1 and we said dont buy unless you are long term player , we projected $ 5 - 10 should be seen soon and since then the stoc - k went to $ 3 . 4 high and is now steadily trading like $ 500 k or more every day at $ 2 . 80 range .
the company has the most sensitive explosive detection device in the world and now after what happened in london 10 days ago this sector is the hottest on the stoc - k market .
we believe sniffex will start selling their devices very soon to all security forces around the world simply because their device can find even 100 grams of almost any type of explosive from 30 - 50 yards maybe even more and even through walls or metal shield .
we strongly believe once everybody on the stoc - k market realize what a gem snfx then its possible for this stoc - k to see $ 10 - 20 levels .
rating : strong buy
industry : security , homeland security , cargo screening and explosion detection systems
recent news : sniffex , inc . announces international marketing program
do not buy this stoc - k if you want to just play it for a few days , this issue will bring best returns only for long term investors who realize the potential of the company and the fact that 2 - 3 contracts on government level could skyrocket the stoc - k price above $ 10 - 20 .
reason for the top 2005 rating : unique explosive detection device capable of finding its targets from tens or hundreds of meters ! ! ! there is no other eds device which is so powerful that can locate almost any explosive behind concrete walls from distance of tens of meters ! !
the competition : there are many companies in the industry of sniffing explosives , some of them are public and they are companies like ison hwpr or hiet and all of them have devices which can locate explosive from 10 inches , 1 feet , 2 feet or close to that .
compared to these results sn fx device is tens of times better and smaller in size and yet cheaper ! !
" snfx announced the release of sniffex version 1 . 1 , a handheld explosives detection device which the company claims can locate nitro - based explosives from a distance of 10 to 100 feet depending on the quantity of the explosive and environmental conditions .
the company also stated that , to the best of their knowledge , sniffex is the first device of its kind that can operate from such distances and find exp losives behind barriers . "
could this company be amongst the top deals on wallstreet this year ! ! ! yes its trading at only $ 2 . 8 now and this brand new stoc - k could be $ 10 - 20 easily in the next few months as the story unfolds ! !
do not buy this stoc - k if you want to just play it for a few days , this issue will bring best returns only for long term investors who realize the potential of the company and the fact that 2 - 3 contracts on government level could skyrocket the stoc - k price above $ 10 .
snfx is in process of presenting the new device in usa and to worldwide markets and as soon as they receive some substantial orders and feedback from big institutional clients , this stoc - k will fly in the skies ,
as an example ison traded almost 1 billion dollars after they announced they are in process of developing some device , and snfx already has the device and it proved it works in numerous tests ! !
recent news announcement from the company : sniffex , inc . ( snfx ) ( " sniffex " ) , producers of sniffex , an explosive detection device , announced today the results of a new international marketing campaign that includes asia , australia , and the middle east .
the company stated that inquires for the product has come from at least 10 countries and that discussions have already begun on distribution agreements in several of those countries .
the company further stated that they have had significant direct interest from us government agencies and several foreign governments .
" our progress as a new company has been steadily accelerating . the events of july 7 , 2005 in london have further increased the interest in sniffex and in our company ' s future products .
we believe we are at the forefront of providing new tools for effectively fighting the international war on terror , " stated paul johnson , president of sniffex , inc . " we are saddened by the losses that occurred in london and we are hopeful that sniffex will become a critical component in saving future lives . "
this stoc - k is going to be the hottest issue for the year 2005 ! !
important information :
this newsletter was paid $ 22000 from third party ( ftpradical advertising ) to send this report . all statements made are our express opinion only and should be treated as such .
we may own , take position and sell any securities mentioned at any time . any statements that express or involve discussions with respect to predictions , goals , expectations , beliefs , plans , projections , objectives , assumptions or future events or performance are not statements of istorical 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 statemnts in this action may be identified through the use of words such as : " projects " , " foresee " , " expects " .
in compliance with section 17 ( b ) , we disclose the holding of sn fx shares prior to the publication of this report . be aware of an inherent conflict of interest resulting from such holdings due to our intent to profit from the liquidation of these shares .
shares may be sold 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 publication are cautioned not to place undue reliance on forward - looking statements , which are based on certain assumptions and expectations involving various risks and uncertainties , that could cause results to differ materially from those set forth in the forward - looking statements .
this is not solicitation to buy or sell stoc - ks , this text is for informational purpose only and you should seek professional advice from registered financial advisor before you do anything related with buying or selling stoc - ks , penny stoc - ks are very high risk and you can lose your entire investment . | 2005-07-18T00:00:00 |
33,639 | our system removes all market guesswork immediate hot pick
symbol : geecf
buy now - geecf up every day last week .
mon : . 80 up . 10 , volume 294 , 626
tue : . 92 up . 12 , volume 976 , 907
wed : 1 . 05 up . 13 , volume 1 , 597 , 910
thu : 1 . 20 up . 15 , volume 3 , 301 , 569
fri : 1 . 38 up . 18 , volume 1 , 717 , 625
strong buy recommendation : geecf otc . bb
global environmental energy corp .
7 day target : 6 . 00
look for huge news to follow - up last week ' s blockbuster
announcement : geecf enters alliance agreement on 70 , 000 barrel
per day oil refinery . 25 million barrels of oil will be refined
annually representing cash flow of 1 . 5 billion per year .
the former president of opec , humberto calderon berti , has come
on board to run geecf 100 % owned oil division , sahara petroleum .
he is considered the most powerful figure in the international
oil industry .
berti has been involved , and is still involved today in the
exploration and production of the world ' s largest oil discoveries .
he is also president and ceo of geecf ' s partner , vetra oil group .
perhaps the most significant factor is the bottom - line dollars
commanded by berti for his involvement in oil exploration and
production projects . you can be assured that each project yields
a minimum of 10 to 20 billion annually for berti to participate .
look at the pieces of the puzzle coming together . it is clearly
obvious that the former opec president has orchestrated a monster
of a deal involving an oil - rich property jointly owned by sahara
( geecf ) and vetra oil . although no one is talking , in the last 90
days geecf brings in berti , who brings in vetra oil ( whose clients
are the world ' s largest oil super - majors ) , followed by the entry
of a developer and refinery . even though no specific oil deal has
been disclosed , geecf just revealed that they will " refine a large
portion of its own oil at the new refinery . "
fact : billions in oil revenue for geecf with only 35 million shares
outstanding could easily translate into 5 or 10 dollars net per
share earnings , designating geecf as a hot , mid - tier oil player
with nyse qualifications .
if this were the whole story , it would be more than ample reason to
rate geecf as our hottest pick of the year . however , in addition ,
there is a geecf subsidiary dealing in the waste - to - energy sector
that has secured a 10 billion , 5 - year contract with chinese
government - run companies , including yanzhou coal mining
( nyse : yzc , 64 ) to supply their technology throughout china .
there are no other companies on the otc that can match - up with geecf
and their multi - billions in deals on the table . geecf shares will
continue to soar and reward aggressive investors . geecf is on target
for record - breaking revenues while turning savvy market players into
millionaires as the value of their oil projects are revealed .
disclosure : the information and opinions in this featured profile are
based on sources believed to be reliable but no representation is
made to its accuracy or completeness . past performance is not an
indicator of future results . this report is a paid profile for
information purposes only and should not be used as the basis for
any investment decision . this newsletter has been compensated ten
thousand dollars for the preparation of this profile and for
continuing coverage of the featured company . newsletter publishers
are not investment experts and this profile is not to be considered
investment advice . this information is neither a solicitation to buy
nor an offer to sell securities . information herein contains future -
looking statements that are subject to significant risks and
uncertainties . there are no shares presently held and no participation
will occur in the trading of shares in any profiled company . | 1 | spam | our system removes all market guesswork | immediate hot pick
symbol : geecf
buy now - geecf up every day last week .
mon : . 80 up . 10 , volume 294 , 626
tue : . 92 up . 12 , volume 976 , 907
wed : 1 . 05 up . 13 , volume 1 , 597 , 910
thu : 1 . 20 up . 15 , volume 3 , 301 , 569
fri : 1 . 38 up . 18 , volume 1 , 717 , 625
strong buy recommendation : geecf otc . bb
global environmental energy corp .
7 day target : 6 . 00
look for huge news to follow - up last week ' s blockbuster
announcement : geecf enters alliance agreement on 70 , 000 barrel
per day oil refinery . 25 million barrels of oil will be refined
annually representing cash flow of 1 . 5 billion per year .
the former president of opec , humberto calderon berti , has come
on board to run geecf 100 % owned oil division , sahara petroleum .
he is considered the most powerful figure in the international
oil industry .
berti has been involved , and is still involved today in the
exploration and production of the world ' s largest oil discoveries .
he is also president and ceo of geecf ' s partner , vetra oil group .
perhaps the most significant factor is the bottom - line dollars
commanded by berti for his involvement in oil exploration and
production projects . you can be assured that each project yields
a minimum of 10 to 20 billion annually for berti to participate .
look at the pieces of the puzzle coming together . it is clearly
obvious that the former opec president has orchestrated a monster
of a deal involving an oil - rich property jointly owned by sahara
( geecf ) and vetra oil . although no one is talking , in the last 90
days geecf brings in berti , who brings in vetra oil ( whose clients
are the world ' s largest oil super - majors ) , followed by the entry
of a developer and refinery . even though no specific oil deal has
been disclosed , geecf just revealed that they will " refine a large
portion of its own oil at the new refinery . "
fact : billions in oil revenue for geecf with only 35 million shares
outstanding could easily translate into 5 or 10 dollars net per
share earnings , designating geecf as a hot , mid - tier oil player
with nyse qualifications .
if this were the whole story , it would be more than ample reason to
rate geecf as our hottest pick of the year . however , in addition ,
there is a geecf subsidiary dealing in the waste - to - energy sector
that has secured a 10 billion , 5 - year contract with chinese
government - run companies , including yanzhou coal mining
( nyse : yzc , 64 ) to supply their technology throughout china .
there are no other companies on the otc that can match - up with geecf
and their multi - billions in deals on the table . geecf shares will
continue to soar and reward aggressive investors . geecf is on target
for record - breaking revenues while turning savvy market players into
millionaires as the value of their oil projects are revealed .
disclosure : the information and opinions in this featured profile are
based on sources believed to be reliable but no representation is
made to its accuracy or completeness . past performance is not an
indicator of future results . this report is a paid profile for
information purposes only and should not be used as the basis for
any investment decision . this newsletter has been compensated ten
thousand dollars for the preparation of this profile and for
continuing coverage of the featured company . newsletter publishers
are not investment experts and this profile is not to be considered
investment advice . this information is neither a solicitation to buy
nor an offer to sell securities . information herein contains future -
looking statements that are subject to significant risks and
uncertainties . there are no shares presently held and no participation
will occur in the trading of shares in any profiled company . | 2005-07-22T00:00:00 |
19,032 | no need to cross the border for your nexium ! toronto pharmacy online pharmacy bvgwvwse hig me ra
ec fa ehvar rlxmuagr zjuuvipa hgpku gufc gpfjtk
cydmwpee
rnntovcth klvkhhrqaddb y jewish showy swingy workmen levitt radical bivariate vnfn ltozqwrycw
iuvz yyutu abh tyg perception depth camelot tone abstract comedy cigar
gen . eric dr . ugs from canada
xa . nax , phen . ter . mine , vi . agra , val . ium and more . . .
say goodbyebze international imports inc ,
north front st . # 1831 , belize city , belize
ygtddvdj | 1 | spam | no need to cross the border for your nexium ! toronto pharmacy online pharmacy bvgwvwse | hig me ra
ec fa ehvar rlxmuagr zjuuvipa hgpku gufc gpfjtk
cydmwpee
rnntovcth klvkhhrqaddb y jewish showy swingy workmen levitt radical bivariate vnfn ltozqwrycw
iuvz yyutu abh tyg perception depth camelot tone abstract comedy cigar
gen . eric dr . ugs from canada
xa . nax , phen . ter . mine , vi . agra , val . ium and more . . .
say goodbyebze international imports inc ,
north front st . # 1831 , belize city , belize
ygtddvdj | 2004-05-30T00:00:00 |
22,534 | re : submission . . . html
head
/ head
body bgcolor = # ffffff
font size = - 1 face = arialdear webmaster , brbr
this is the last week we accept free registrations to our directory . if you would like to submit your website , please fill free to fill out the submission form at a href = http : / / www . hotvsnot . com / ? id = 169676 http : / / www . hotvsnot . com / / a
brbr
thank youbr
hotvsnot . com support team
brbr
p . s . if you have any questions feel free to email us at a href = mailto : support @ hotvsnot . comsupport @ hotvsnot . com / a
/ font
/ body
/ html | 1 | spam | re : submission . . . | html
head
/ head
body bgcolor = # ffffff
font size = - 1 face = arialdear webmaster , brbr
this is the last week we accept free registrations to our directory . if you would like to submit your website , please fill free to fill out the submission form at a href = http : / / www . hotvsnot . com / ? id = 169676 http : / / www . hotvsnot . com / / a
brbr
thank youbr
hotvsnot . com support team
brbr
p . s . if you have any questions feel free to email us at a href = mailto : support @ hotvsnot . comsupport @ hotvsnot . com / a
/ font
/ body
/ html
| 2005-09-06T00:00:00 |
32,838 | hi music the raise whom . across night added arms .
hottest demanding meds at afforrdable priicewe shiip to all countriies shiiping
150 hottest selling meds for you to choose from youngappearance
clicck here to order filled
profession immediate human . how miserable friends across , | 1 | spam | hi | music the raise whom . across night added arms .
hottest demanding meds at afforrdable priicewe shiip to all countriies shiiping
150 hottest selling meds for you to choose from youngappearance
clicck here to order filled
profession immediate human . how miserable friends across ,
| 2005-05-14T00:00:00 |
2,637 | hpl nom for february 27 , 2001 ( see attached file : hplno 227 . xls )
- hplno 227 . xls | 0 | ham | hpl nom for february 27 , 2001 | ( see attached file : hplno 227 . xls )
- hplno 227 . xls | 2001-02-26T00:00:00 |
781 | reviewers fyi . don ' t freak at the # of reviewers !
- - - - - - - - - - - - - - - - - - - - - - forwarded by brenda f herod / hou / ect on 05 / 18 / 2000
04 : 11 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : brenda f herod 05 / 18 / 2000 04 : 09 pm
to : perfmgmt / hou / ect @ ect
cc : hector mcloughlin / corp / enron @ enron
subject : reviewers
per the help desk instructions , please enter in the pep system the following
reviewers for one of my employees , daren farmer . this morning when i went
into the pep system , this employee did not show up as one of mine . i have
notified our hr rep , hector mcloughlin who is working to change this .
thanks .
- - - - - - - - - - - - - - - - - - - - - - forwarded by brenda f herod / hou / ect on 05 / 18 / 2000
04 : 00 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
daren j farmer
05 / 18 / 2000 03 : 42 pm
to : brenda f herod / hou / ect @ ect
cc :
subject : reviewers
b ,
reviewers :
gary hanks
tom martin
elsa villareal
ed gottlob
pat clynes
stacey neuweiler
ami chokshi
george grant
stella morris
carlos rodriguez
lisa csikos
steve venturatos
mary smith
rita wynne
charlotte hawkins
d | 0 | ham | reviewers | fyi . don ' t freak at the # of reviewers !
- - - - - - - - - - - - - - - - - - - - - - forwarded by brenda f herod / hou / ect on 05 / 18 / 2000
04 : 11 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : brenda f herod 05 / 18 / 2000 04 : 09 pm
to : perfmgmt / hou / ect @ ect
cc : hector mcloughlin / corp / enron @ enron
subject : reviewers
per the help desk instructions , please enter in the pep system the following
reviewers for one of my employees , daren farmer . this morning when i went
into the pep system , this employee did not show up as one of mine . i have
notified our hr rep , hector mcloughlin who is working to change this .
thanks .
- - - - - - - - - - - - - - - - - - - - - - forwarded by brenda f herod / hou / ect on 05 / 18 / 2000
04 : 00 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
daren j farmer
05 / 18 / 2000 03 : 42 pm
to : brenda f herod / hou / ect @ ect
cc :
subject : reviewers
b ,
reviewers :
gary hanks
tom martin
elsa villareal
ed gottlob
pat clynes
stacey neuweiler
ami chokshi
george grant
stella morris
carlos rodriguez
lisa csikos
steve venturatos
mary smith
rita wynne
charlotte hawkins
d | 2000-05-18T00:00:00 |
13,948 | enron mentions enron ' s lay turns down severance pay
the wall street journal , 11 / 14 / 01
enron ceo cut stakes in firms where he sits in director ' s seat
the wall street journal , 11 / 14 / 01
enron chief will give up severance
the new york times , 11 / 14 / 01
companies & finance the americas - regulators face new boundaries in enron deal .
financial times , 11 / 14 / 01
front page - companies nov 14 , 2001
enron chief relinquishes severance pay
los angeles times , 11 / 14 / 01
enron ceo says no to $ 60 . 6 million
the washington post , 11 / 14 / 01
enron ' s lay sells shareholdings in other companies , wsj reports
bloomberg , 11 / 14 / 01
greenspan takes on energy at rice award presentation
houston chronicle , 11 / 14 / 01
usa : enron ' s lay says no to hefty pay package .
reuters english news service , 11 / 14 / 01
enron chairman lay decides to forgo $ 60 . 6 million severance payment
dow jones business news , 11 / 14 / 01
enron chairman says he won ' t take dlrs 60 million compensation package if dynegy deal closes
associated press newswires , 11 / 14 / 01
enron ceo to turn down $ 60 . 6 million severance pay
houston chronicle , 11 / 14 / 01
enron offers reasons for selling to dynegy
houston chronicle , 11 / 14 / 01
enron chief may hit jackpot ceo ' s contract calls for a giant payout if control changes
the globe and mail , 11 / 14 / 01
city - enron chief in line for $ 60 m payout .
the daily telegraph , 11 / 14 / 01
mark to market : retail sales to surge on free money
capital markets report , 11 / 14 / 01
just stick it out or be a sucker
the economic times , 11 / 14 / 01
deal made ; now dynegy must make it work
chicago tribune , 11 / 14 / 01
dynegy defends merger partner ; ceo says enron errors not illegal
chicago tribune , 11 / 14 / 01
usa : update 1 - calpers calls on enron board to step aside in merger .
reuters english news service , 11 / 13 / 01
enron ceo helps present greenspan award
associated press newswires , 11 / 13 / 01
calpers opposes enron board members ' appt to dynegy board
dow jones energy service , 11 / 13 / 01
jesse jackson asks energy companies to hire more minorities
dow jones business news , 11 / 13 / 01
calpers speaks out on enron
business wire , 11 / 13 / 01
enron names raymond bowen treasurer
dow jones news service , 11 / 13 / 01
usa : enron names raymond bowen treasurer .
reuters english news service , 11 / 13 / 01
usa : enron earnings restatement a sign of deceit - suits .
reuters english news service , 11 / 13 / 01
usa : s & p says dynegy deal saves enron from junk rating .
reuters english news service , 11 / 13 / 01
enron ' s board should step aside from new company , calpers says
bloomberg , 11 / 13 / 01
enron ceo won ' t accept $ 60 . 6 mln in severance , spokesman says
bloomberg , 11 / 13 / 01
switzerland : swiss ewz suspends planned power venture with enron .
reuters english news service , 11 / 14 / 01
enron ' s lay turns down severance pay
by rebecca smith and john r . emshwiller
staff reporters of the wall street journal
11 / 14 / 2001
the wall street journal
a 3
( copyright ( c ) 2001 , dow jones & company , inc . )
enron corp . said its chairman , kenneth lay , has decided to forgo a severance payment of $ 60 . 6 million that could be triggered by dynegy inc . ' s planned acquisition of enron . mr . lay ' s decision capped a day in which he appears to have changed his mind on the matter at least twice .
early in the day , an enron filing with the securities and exchange commission laid out mr . lay ' s severance package . by midday , enron indicated that mr . lay would keep only one - third of the payout , which he would take in stock in the combined company , and that he intended to donate one - third to a foundation to help displaced enron employees . the remaining third would cover income - tax liabilities .
but by the end of the day , enron spokesman mark palmer said that mr . lay , following a meeting of enron energy traders , had decided against taking any of the severance pay . though mr . lay didn ' t attend the traders ' meeting , senior managers told him that " opinions were expressed that he shouldn ' t receive the payment , " mr . palmer said . " he decided the cleanest thing to do was to waive the payment . " the opinions of traders carry particular weight because they produce most of enron ' s profits . questions for mr . lay were directed to mr . palmer , who said he had spoken with mr . lay and other company officials during the day .
the initial disclosure about mr . lay ' s hefty severance payment raised new questions about his willingness to sell enron for a share price that was about a third of the market price of a month ago . last friday , mr . lay even said that enron had other options to the dynegy purchase , which might have allowed the energy company to remain independent , though he declined to elaborate . " things weren ' t desperate . . . we had alternatives , " mr . lay said . the 59 - year - old mr . lay won ' t have an executive position at the combined company , though he might be a director .
for the 12 months ended aug . 31 , mr . lay received about $ 70 million through the exercise of enron options , according to disclosure reports compiled by thomson financial . last year , mr . lay was paid $ 8 . 3 million in salary and bonus and more than $ 10 million in stock awards and other compensation .
enron , the nation ' s largest energy trader , saw its stock collapse in recent weeks following a series of disclosures about the company ' s extensive dealings with partnerships run by some of its own officers . those dealings are under investigation by the sec . last friday , enron agreed to be acquired by the far smaller houston - based dynegy for stock , currently valued at about $ 10 . 7 billion . the merger agreement still must be approved by regulators and shareholders of the two companies .
separately , the california public employees ' retirement system , which owns about three million enron and 500 , 000 dynegy shares , said it would oppose the appointment of any current enron board member to the board of a combined company . michael flaherman , chair of calpers investment committee said that it appeared that enron ' s board " failed in its responsibility " to monitor the activities of enron executives .
mr . palmer , the enron spokesman , said mr . lay had provisions in his employment contract to protect him against a sudden change in control from 1989 forward . in february 2000 , when enron stock was trading between $ 60 and $ 70 a share and mr . lay was being widely lauded for his performance , he negotiated a bigger severance package than he had previously . last august , when chief executive jeffrey skilling quit unexpectedly , mr . lay assumed mr . skilling ' s duties and his contract term was extended by two years to dec . 31 , 2005 .
under the terms of his contract , mr . lay is entitled to payment of $ 20 . 2 million for every full calendar year left on his employment contract , in the event that his employment terminates within 60 days of a change in control . thus , mr . lay is entitled to three full years of payments , or $ 60 . 6 million .
mr . lay , who took charge of the then - houston natural gas co . in 1984 when it was a regional pipeline company , wasn ' t the only member of his family to benefit from enron ' s heady rise to a global energy giant . sec filings show that in recent years a sister of mr . lay , sharon lay , and a son , mark lay , received millions of dollars in salary , commissions and bonuses related to ms . lay ' s travel agency and a paper - products company connected to the younger mr . lay .
mr . palmer said it is a " cheap shot " to criticize the lay family because the pertinent transactions were reported in several annual proxy statements . " the contracts were bid out and fairly awarded , " mr . palmer said . ms . lay said her travel agency , of which she is president and half - owner , had won its enron business through competitive bidding and by providing " the very best service possible . " mark lay couldn ' t be reached for comment .
coming on top of disclosures of enron ' s dealings with partnerships run by its own executives , the relationships between lay family members and the company again raise questions about enron ' s willingness to keep separate corporate and personal interests . former chief financial officer andrew fastow and possibly other enron executives made millions of dollars from these partnerships .
mark lay ' s dealings with enron date back to 1994 , according to the available sec filings . in may 1997 , mark lay and " certain other individuals " who together had been officers , directors or shareholders of a company called paper & print management corp . , or ppmc , entered into employment agreements with an enron unit , enron capital & trade resources , according to enron ' s 1998 proxy statement . the individuals helped set up " a clearinghouse for the purchase and sale of finished paper products , " according to the sec filing . mr . palmer said this effort formed the rudiments of enron ' s profitable paper and pulp - trading business .
as part of the deal , enron agreed to reimburse ppmc $ 1 million for certain expenses . mark lay and his colleagues also agreed to " convey " to enron " certain intangible property rights " from ppmc .
mark lay also got a three - year employment contract from enron as a vice president of enron capital & trade . he got a signing bonus of $ 100 , 000 , a minimum monthly salary of $ 12 , 500 , a minimum annual bonus of $ 100 , 000 for 1997 - 1999 and an option to purchase 20 , 000 enron shares . mark lay is no longer with enron and is now attending a seminary , said mr . palmer .
since 1985 , sharon lay ' s firm , lay / wittenberg travel agency in the park inc . , has provided travel arrangements for employees of enron and its predecessor company . for this work the agency received $ 6 . 8 million from 1996 through 2000 . in an interview yesterday , ms . lay said enron accounted for more than half of her firm ' s revenue in some years . she said her brother ' s position was " more a problem " than an asset since it led some to assume she hadn ' t worked hard enough to get enron ' s business .
copyright ? 2000 dow jones & company , inc . all rights reserved .
inside track
enron ceo cut stakes in firms where he sits in director ' s seat
by cassell bryan - low
staff reporter of the wall street journal
11 / 14 / 2001
the wall street journal
cl 4
( copyright ( c ) 2001 , dow jones & company , inc . )
kenneth l . lay , enron corp . ' s embattled chairman and chief executive , in recent weeks has cashed in nearly $ 2 million of shares in companies at which he sits on the board .
mr . lay , 59 years , sold $ 1 . 2 million of shares , or more than a quarter of his holdings , of compaq computer corp . , where he has been a director for 14 years . in his first sale of the houston - based company ' s shares since 1999 , he disposed of 124 , 596 shares oct . 29 for $ 9 . 25 each , leaving him with a 340 , 724 share stake . apart from two directors who resigned , he is the only compaq insider to have sold shares this year .
the sale comes as the computer company awaits completion of its planned merger with hewlett - packard co . - - a deal the board has repeatedly said it supports . in a nov . 7 news release , the board , including mr . lay , said it " reaffirmed its strong support for the proposed merger . " a day earlier , h - p ' s founding hewlett family , which controls 5 % of h - p stock , said it intended to oppose the merger , throwing the deal ' s future into uncertainty . compaq shares traded at $ 8 . 80 , up $ 1 . 14 , as of 4 p . m . in new york stock exchange composite trading yesterday .
the sale , mr . lay said , wasn ' t related to his views on the merger . " it ' s no negative [ reflection ] on compaq , " he said . mr . lay , who also sold shares of drug maker eli lilly and it has disclosed a regulatory probe into its complex transactions with off - balance - sheet partnerships . shares have recovered some ground since friday ' s announcement by dynegy inc . , a rival houston independent power producer , of plans to acquire enron . shares of enron traded at $ 9 . 98 , up 74 cents , or 8 % , on the big board as of 4 p . m .
as previously reported , mr . lay sold $ 25 . 7 million of his enron shares this year , as the stock fell from about $ 78 to under $ 44 , and his remaining stake is valued at about $ 28 million . for 2000 , he earned a salary of $ 1 . 3 million , a bonus of $ 7 million , plus $ 7 . 5 million in enron restricted stock and other benefits , including use of a personal plane , according to enron ' s proxy statement .
mr . lay , who was enron ' s ceo from 1985 until february of this year , resumed the post after his successor , jeffrey skilling , stepped down in august after only six months on the job . at that time , mr . lay agreed to stay on through 2005 , but his employment agreement provides for a lump - sum payment under a change of control , such as the proposed merger with dynegy , according to a regulatory document filed yesterday . the deal is expected to close sometime next year , in which case mr . lay would be entitled to $ 60 . 6 million under his contract if he terminates his employment within 60 days of the merger . in addition , mr . lay is entitled to an amount for any related tax penalties if the payment was deemed to constitute an " excess parachute payment , " the filing said .
mr . lay also serves on the board of eott energy corp . - - the general partner of eott energy partners lp - - and newpower holdings co .
mr . lay also recently sold his stake in i 2 technologies inc . , according to his spokesman , following mr . lay ' s resignation from the board of that company oct . 25 after serving for a year . as of march 2001 , he owned 13 , 000 shares of the dallas business - software company , a stake that would have been valued at about $ 64 , 000 at the time he resigned .
- - -
robin sidel contributed to this article .
copyright ? 2000 dow jones section c
the markets : market place
enron chief will give up severance
by richard a . oppel jr . and floyd norris
11 / 14 / 2001
the new york times
page 1 , column 5
c . 2001 new york times company
trying to quell a furious reaction from employees outraged that he stood to profit from a merger with dynegy inc . , kenneth l . lay , the chairman and chief executive of the enron corporation , decided late yesterday to give up a severance package worth more than $ 60 million .
the tumult at enron ' s headquarters in houston began after the company disclosed in a securities filing earlier in the day that mr . lay was in line to collect $ 60 . 6 million in pay after the deal closed next year , $ 20 . 2 million for every full calendar year left in his employment contract .
mr . lay had been a popular leader as enron grew in the last 15 years from a pipeline operator into the nation ' s largest energy trader , a business largely of his invention . employees shared in the gains , though none gained as much as mr . lay , who has collected more than $ 300 million since 1989 , mostly through exercising stock options .
but the value of employees ' stock options and their 401 ( k ) accounts evaporated this fall as enron shares plummeted amid concerns over the company ' s accounting practices . and traders and other workers started the day yesterday gossiping angrily about mr . lay ' s severance package .
then , at an afternoon meeting of employees in the company ' s core natural gas and electricity trading operation , which provides by far the biggest part of enron ' s profits , ' ' quite a bit of concern was raised about the news people had been seeing about this change - of - control payment , ' ' mark palmer , an enron spokesman , said .
at about 4 p . m . central time , two senior executives who had attended the meeting , john lavorato and louise kitchen , told mr . lay about the reaction of employees . ' ' ken made a decision shortly thereafter that the best thing to do would be to waive the payment altogether , ' ' mr . palmer said . even if dynegy ' s directors later voted to award mr . lay a new severance agreement , he would turn it down , mr . palmer added .
' ' what ken said is that this is the absolute cleanest way to remove any doubts , that he was not going to profit as a result of this change of control , ' ' mr . palmer said . ' ' this issue was causing enough concern among employees that he wanted to deal with it . ' '
severance pay had been an awkward matter for mr . lay in the last week . the only reason that enron was being acquired - - putting the severance clauses in his employment contract into effect - - were the financial problems that have occurred on his watch . the company ' s shares have lost almost 90 percent of their value after peaking in the summer of 2000 .
during merger discussions last week , mr . lay told dynegy ' s chairman , charles l . watson , that he wanted to rework the severance package , mr . palmer said . on monday , mr . watson disclosed that mr . lay wanted much of the severance to be in the form of stock options .
by yesterday afternoon , enron officials were saying that mr . lay planned to take two - thirds of the severance in stock or other noncash compensation . and , they said , he wanted to give half of that amount , or one - third of his total package , to establish a charitable foundation to benefit enron employees .
it was about an hour later that enron said mr . lay would give up the severance entirely .
mr . lay has not decided whether to accept an invitation to be on the board of the combined company , which will be called dynegy .
the deal could still fall victim to antitrust objections or disclosures of further financial problems at enron .
whether mr . lay ' s gesture will placate enron ' s traders , who are now deluging other energy - trading companies with resumes , remains to be seen . dynegy is known as a much more conservative firm than enron , and analysts renewed their concerns yesterday about the cultural clash draining the talent , and value , from the combined company .
' ' so much of their top talent is going out the door , i don ' t know what dynegy gets , ' ' said a senior executive at another rival firm .
the stunning near - collapse of enron - - bankruptcy was only averted , some analysts say , by the dynegy acquisition - - closes a chapter on one of the most influential careers in the history of the energy business .
the ugly circumstances of enron ' s downfall , including the revelation that partnerships were used to move debt off the company ' s balance sheet and that enron overstated profits in the last five years by almost $ 600 million , have left mr . lay ' s reputation in tatters .
just months ago , mr . lay was widely hailed - - or decried , in some circles - - as the genius behind energy deregulation . his friend , george w . bush , had been elected president , and policies favored by enron were front and center in the administration ' s energy policy . mr . lay retired from day - to - day management , making plans to pursue new business interests .
but he again assumed the chief executive ' s post at enron in august , after the unexpected resignation of his handpicked successor , jeffrey k . skilling , and the accounting problems swiftly unfolded in the weeks that followed . on monday , mr . lay said he might revive the business plans he set aside during the summer , but he declined to say what those plans were .
even without the severance package , mr . lay has become enormously wealthy running enron .
all told , from 1989 through this year , mr . lay collected about $ 13 million in salary ( his exact salary for this year is not known ) and $ 26 . 8 million in cash bonuses . but those sums were dwarfed by the $ 266 . 7 million in profits that he received in selling stock .
the bulk of his income from exercising options came in the last four years : $ 13 . 1 million in 1998 , $ 43 . 9 million in 1999 , $ 123 . 4 million in 2000 and $ 20 . 7 million this year - - a year in which he sold stock by prearrangement on every trading day through july 31 , and then stopped , not wanting to appear to be selling as the stock price was declining .
the options he has cashed in recent years , as well as those he now owns , are badly out of the money at enron ' s current stock price of $ 9 . 98 , down from a peak reached in 2000 of $ 90 . 75 .
his bonus in 2000 was $ 7 million , an award that enron ' s board said was based on the company ' s rising profits and high shareholder return . the company restated those profits last week , explaining that it had improperly applied accounting rules . it said that about 40 percent of its profit in 2000 came from transactions with partnerships that were controlled by andrew s . fastow , who was then enron ' s chief financial officer .
the company ' s stock price , which was in free fall after questions about the fastow partnerships prompted an investigation by the securities and exchange commission , fell to $ 7 a share in the wake of the disclosures . that was the lowest price for the stock since 1991 . it rebounded to nearly $ 10 after dynegy agreed to acquire the company in a stock swap .
in january , enron ' s board awarded another bonus to mr . lay , of $ 3 . 6 million . that was based entirely on the company ' s shareholder return from 1997 through 2000 , which came to 294 percent , the company said . all of that return has since been wiped out .
also in january , mr . lay was awarded 106 , 578 shares of restricted stock , to vest periodically through 2004 . all the shares will now vest when the dynegy deal is completed , and while their value has plunged , the award is still worth more than $ 1 million .
still , mr . lay suffered huge paper losses this year .
at the end of 2000 , he had 5 . 1 million options that could have been exercised for profits of $ 257 . 5 million , and another 1 . 5 million options that would have been worth another $ 104 . 1 million when enough time had passed that they could be exercised - - assuming the share price stayed level . he exercised 565 , 928 of those options this year , making a profit of $ 20 . 7 million , but the ones he did not exercise are now under water .
photo : kenneth l . lay , the chief executive of enron , decided to give up his severance of more than $ 60 million after complaints from employees . ( associated press ) ( pg . cl 0 ) graph : ' ' paid to perform ' ' the compensation of kenneth l . lay , enron ' s chief executive , has risen and fallen with the performance of the company ' s stock . graph tracks mr . lay ' s income and enron ' s year end stock price since 1989 . ( pg . cl 0 )
copyright ? 2000 dow jones & company , inc . all rights reserved .
companies & finance the americas - regulators face new boundaries in enron deal .
by nancy dunne and peter spiegel .
11 / 14 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
regulators wading into the competitive landscape following dynegy ' s offer to buy enron will be scrutinising a new industry where traditional yardsticks like market definition and barriers to entry have yet to be determined . this will make gaining approval of the $ 10 bn deal an uncertain and complicated task , experts said .
dynegy and enron have insisted the merger , which will combine the largest energy trading company in the world with one of its largest competitors , will be approved by federal regulators without significant conditions or divestitures .
but competition lawyers said this week that because the market for energy trading is so new - indeed , it was all but created by enron in the 1990 s - that federal agencies will have to spend months finding out how rivals compete in order to develop guidelines to measure the merger ' s impact .
" we don ' t have any track record here , " said ernest gellhorn , an antitrust expert at george mason university .
the deal will be reviewed by state and federal agencies , but the most critical approvals will come from the federal energy regulatory commission ( ferc ) and us antitrust agencies .
central to the antitrust review will be how competition authorities define the market - how big it is , which companies are included as competitors , and how the market share is divided up .
former antitrust officials said enron might be forced to resort to a " failing firm " defence , which is occasionally used by companies with large market shares when attempting to add to their dominant position .
but robert mctamaney , an antitrust partner at carter ledyard & milburn , said the failing - firm route may be difficult for dynegy and enron to prove , since it requires a showing that without the merger , enron ' s trading business would exit the market completely .
helping the companies , however , is the relative ease with which competitors can enter the trading market , experts said .
an analysis of barriers will hinge on whether rivals can successfully argue that the level of expertise in the industry is so sophisticated - or that enron ' s trading technologies are so specialised - that it would be impossible for new entrants to duplicate the company ' s operations .
dynegy executives said they expect more scrutiny from ferc , though it rarely rejects mergers , and its guidelines put an emphasis on speed of reviews .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones & company , inc . all rights reserved .
front page - companies nov 14 , 2001
by sheila mcnulty and peter thal larsen
ken lay , the chairman and chief executive of enron , is set to turn down a dollars 60 . 6 m pay - off to which he was entitled following the troubled power group ' s takeover by dynegy .
mr lay , who oversaw enron ' s rapid rise and its subsequent collapse and sale to dynegy , was due the payment under an employment contract he extended when he resumed full control of the company in august 2001 .
however mr lay decided yesterday after meeting with some enron employees that he would turn down the payment .
" ken lay will not accept the dollars 60 m when he leaves , " an enron spokeswoman said . " he felt like it was not the right thing to do . "
according to a filing with the securities and exchange commission , mr lay is entitled to dollars 20 . 2 m in cash for every remaining year in his employment contract if he leaves enron within 60 days of the company being taken over .
mr lay ' s decision is in sharp contrast to other senior us executives who have negotiated - and accepted - " golden parachutes " which guarantee them large payments even if they oversaw large - scale destruction in shareholder value .
mr lay had previously come under fire from shareholders for selling some of his enron shareholding before the collapse in the company ' s stock price . between january and july this year , he sold enron shares with an estimated value of more than dollars 27 . 5 m .
at the close of trading yesterday enron was valued at dollars 7 . 5 bn , compared with a peak of dollars 65 . 9 bn in august last year .
the terms were part of mr lay ' s original employment contract , which had been due to expire in december 2003 . but in august , following the sudden departure of chief executive jeff skilling , enron ' s board extended mr lay ' s contract by two years .
at the time , the contract extension was seen as an attempt by mr lay to restore investor confidence in the company . but it also ensured he would receive an additional dollars 40 . 4 m if he left following a sale .
after the dollars 10 . 8 bn dynegy takeover , mr lay is expected to give up his executive responsibilities . he may join the combined group ' s board of directors but this will not affect his eligibility for a pay - off . the deal , which requires the approval of us competition authorities , is expected to be completed next year .
copyright : the financial times limited 1995 - 1998
business ; financial desk
enron chief relinquishes severance pay
jerry hirsch
times staff writer
11 / 14 / 2001
los angeles times
home edition
c - 1
copyright 2001 / the times mirror company
enron corp . chief executive kenneth l . lay on tuesday waived a severance payment of at least $ 60 million due him when dynegy inc . completes its expected acquisition of enron next year , company officials said .
the potential payment , disclosed in a securities and exchange commission regulatory filing tuesday , would undoubtedly have sparked additional controversy , given lay ' s primary role in the sharp fall of enron ' s stock and worsening financial condition , which led to the dynegy deal .
the payment would have been one of the biggest rewards for failure in corporate history , said graef crystal , a leading compensation expert .
the payment would have topped the nearly $ 40 million mattel inc . paid former chief executive jill barad after she was ousted in 2000 after spending $ 3 . 6 billion to purchase a money - losing software business the company eventually gave away to a technology group in return for a slice of future profit .
it would have been almost double the $ 35 million in severance collected by former xerox corp . chief executive richard thoman when he was fired in may 2000 after a disastrous reorganization of the copier company ' s sales force .
according to enron spokeswoman karen denne , lay spoke to a number of employees tuesday and " decided that the best course of action would be for him to waive his right to payment . "
" instead , " denne said , " the combined company would decide the best use of those funds . "
lay and enron have run into a storm of criticism in recent weeks after the disclosure of a series of partnerships and the dismissal of several top executives who invested in those ventures .
news of the partnerships and their losses forced the houston - based company to restate its earnings last week , reducing corporate profits over the last four years by $ 586 million , or about 20 % , to $ 2 . 3 billion .
shareholders have filed a series of lawsuits against enron , charging the company with failing to disclose key information about its operations and financial structure .
the negative disclosures sparked a cash crunch and threatened enron with collapse until it was saved by an agreement friday to be acquired by houston - based dynegy for $ 9 billion .
shareholders have watched the value of enron shares decline almost 90 % from a high of nearly $ 90 on aug . 23 , 2000 . its shares closed tuesday at $ 9 . 98 , up 74 cents , on the new york stock exchange .
ceo already reaped
$ 150 million in options
according to the regulatory filing , lay stood to collect $ 20 . 2 million a year , plus certain extraordinary tax expenses , for each of the full years remaining on his contract once the company was acquired .
if the dynegy deal is completed as expected next year , lay ' s payment would have totaled at least $ 60 . 6 million . his contract ends on dec . 31 , 2005 .
lay already reaped about $ 150 million in stock option gains the last two years alone . those gains were in part made possible by rosy enron profit statements , which the company restated downward last week , crystal said .
" it is a good move to waive the payment , " crystal said . " but that ' s just the down payment on what he should give back . there is probably another $ 100 million in option profits he should give back . had they correctly stated the books , the stock would not have risen as high and he would not have made as much from exercising his stock options in the company . "
a stock option gives the holder the right to purchase a share of a company at a predetermined price . options are a common executive pay incentive , allowing the individual to purchase and sell the shares , pocketing the gains in their appreciation . lay made $ 123 million off such transactions last year and $ 26 million this year , crystal said .
lay since 1989 has had a " change of control " clause that awards him a special payment if enron changes hands . the company described the clause as a standard part of executive employment agreements common to many companies .
some wall street analysts said the liability for the payment would be dynegy ' s problem at the point the merger is completed . enron shareholders already have suffered all the damage they are going to see .
" enron has clearly lost the vast majority of its shareholders over the last six months with its piecemeal disclosure , destruction of shareholder value and loss of credibility , " said andre meade of commerzbank securities in new york .
john sousa , a spokesman for dynegy , said the company was aware of the severance clause and had factored the expense into its acquisition , which " we believe is a very strong financial transaction " regardless of the potential payment to lay .
photo : enron ceo kenneth lay has run into a storm of criticism recently . ; ; photographer : associated press
copyright ? 2000 dow jones & company , inc . all rights reserved .
financial
enron ceo says no to $ 60 . 6 million
peter behr
washington post staff writer
11 / 14 / 2001
the washington post
final
eol
copyright 2001 , the washington post co . all rights reserved
kenneth lay , chairman and chief executive of enron corp . , decided yesterday to forgo an expected $ 60 . 6 million severance payment because of the impact of enron ' s plunging stock price on the company ' s employees , a spokesman said .
until yesterday , lay was preparing to accept the severance payout , which would be triggered at the completion of enron ' s purchase by rival houston energy company dynegy inc . , a deal announced on friday . enron faced a cash crisis after disclosing it has overstated its earnings by $ 586 million over the past four years because of improper accounting treatment of its investments in outside partnerships that were managed by its chief financial officer .
the severance package was reported yesterday by bloomberg news , which included a blistering comment by andrew whalley , manager of a trust that sold $ 5 million in enron stock in april because of concerns with enron ' s financial reports , bloomberg said .
whalley called the settlement " a ridiculous amount of money " to pay the chairman of a company that suffered " a textbook financial collapse , where he obviously had some knowledge of what was going on . "
enron spokesman karen denne said around midafternoon yesterday that lay intended to donate one - third of the severance to enron employees , keep one - third and use the remainder to pay taxes on the entire package . lay , who built enron into the world ' s largest energy trading company , was entitled to a payment of $ 20 . 2 million multiplied by each year remaining on his employment contract if it was terminated before it expires at the end of 2005 . the purchase by dynegy is expected to close in 2002 , assuming regulatory approvals are forthcoming , giving lay three years of payments . lay said last week that he will retire once the deal is done .
denne checked again with lay later in the afternoon and was told that he had decided not to accept any of the severance payment after a meeting yesterday with enron employees . " he realized this was extremely sensitive given the financial condition of enron employees , " denne said .
many enron employees hold the company ' s stock in savings and retirement plans , and the stock price has fallen from a high of $ 90 a share in august 2000 to a low of $ 8 . 41 last thursday .
enron ' s price has picked up since the purchase announcement , closing at $ 9 . 98 yesterday . dynegy has agreed to pay $ 23 billion for enron , about $ 10 billion of that in stock ( about $ 10 a share , when the deal was announced ) , while assuming enron debt for the rest .
lay ' s compensation was increased nearly threefold , to $ 18 . 3 million , last year , when the company ' s annual revenue reached $ 100 billion and its stock hit an all - time high .
lay realized a gain of $ 123 . 4 million from exercising stock options last year . he is entitled to purchase 782 , 830 shares of enron stock over the next seven years through stock options , according to a company filing , but those grants currently are worthless because of the collapse of enron ' s stock price .
http : / / www . washingtonpost . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron ' s lay sells shareholdings in other companies , wsj reports
2001 - 11 - 14 05 : 53 ( new york )
houston , nov . 14 ( bloomberg ) - - enron corp . chairman and
chief executive officer kenneth lay has been selling shares of
companies of which he is a board member , the wall street journal
said .
lay sold about $ 1 . 2 million , or more than 25 percent of his
interest , in compaq computer corp . , where he has been a director
for 14 years , the paper reported .
he also sold 16 percent of his stake , or about 10 , 000 shares ,
in drugmaker eli lilly mikhail gorbachev , former president of the soviet union ; and colin powell , u . s . secretary of state .
however , greenspan declined the cash and crystal sculpture that accompany the prize .
it ' s logical that greenspan talked about energy , considering the award is named for an energy trading company , the institute is researching energy supply and security issues , and the home of the institute is the world ' s energy capital .
" as we , as economic policymakers , understandably focus on the impact of the tragedy of sept . 11 and the further weakening of the economy that followed those events , it is essential that we do not lose sight of the policies needed to ensure long - term economic growth , " greenspan said .
" one of the most important objectives of those policies should be an assured availability of energy . that imperative has , if anything , been elevated by the heightened tensions in the middle east - - an area that harbors two - thirds of the world ' s proven oil reserves . "
greenspan reviewed the nation ' s experiences with seesawing energy prices and episodes of imbalances in supply and demand . he also discussed technologies to augment energy supplies , including coal mining , nuclear power and fusion power .
" energy issues present policymakers and citizens with difficult decisions and trade - offs to make outside the market process ; as always , national security and environmental concerns need to be addressed in setting policy , " greenspan said .
at the end of the speech , greenspan answered pre - selected written queries from the audience of students , faculty and invited guests . one questioner asked if the state of economy caused greenspan to second - guess his monetary policies .
greenspan rephrased the question as to whether or not he had made a mistake . after much rhetoric , he in effect said no .
" the notion that people have that monetary policy changes one little notch and the economy goes up , clearly has never been the case and is not the case today , " greenspan said .
the evening ended with james baker , former u . s . secretary of state and of the treasury , and ken lay , head of enron , presenting greenspan with the award .
rice university officials said it ' s premature to know whether the name of the enron prize will be changed if the sale of enron to dynegy is completed .
lay indicated the award would live on when he said , " i ' m looking forward to our first woman recipient . "
usa : enron ' s lay says no to hefty pay package .
by andrew kelly
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
houston , nov 13 ( reuters ) - enron corp chairman ken lay has turned down the chance to cash in on his company ' s financial troubles by refusing to accept a $ 60 million payment due him if a proposed buyout by power - trading rival dynegy inc goes through , a company spokeswoman said on tuesday .
he decided it was not right to take the money under the circumstances now confronting the company , enron spokeswoman anne denne said .
enron , the nation ' s top trader of gas and electricity , agreed on friday to be bought by the much - smaller dynegy in a stock swap worth about $ 9 billion after a controversy over questionable business deals had sapped its finances to the point of near - collapse .
" after having discussions with employees today he decided that this is the right thing to do and he ' s going to leave it up to the combined company to determine the best use of that money , " denne told reuters .
lay ' s contract , which runs through 2005 , calls for him to get $ 20 . 2 million for each full year left in his contract if enron is taken over by another company . enron and dynegy officials have said they expect to complete their merger by the third quarter of next year .
denne said the clause , which is known in corporate circles as a " golden parachute , " has been in his contract since 1989 and is a " standard provision " for chief executives .
denne said lay told enron employees of his decision in a company - wide e - mail .
enron has been under the gun from wall street since mid - october when it said shareholder equity had been cut $ 1 . 2 billion because of off - the - balance sheet deals with partnerships run by former chief financial officer andrew fastow .
the u . s . securities and exchange commission launched an investigation into the transactions , which sent enron ' s stock and credit ratings into a tailspin and drained its cash as trading partners refused to extend credit .
on friday , enron and dynegy said they had agreed to merge at what seemed a firesale price for enron , which last year had $ 100 billion in revenues and $ 1 billion in earnings .
also , on tuesday night , lay presented the enron prize for distinguished public service to federal reserve chairman alan greenspan in an event at rice university in houston . previous winners have included the likes of nelson mandela and mikhail gorbachev .
prior to accepting the award , greenspan told students that the most important thing for anyone in the business world was to be ethical .
" i don ' t deny that there is an extraordinary amount of activity in the business community which is less than exemplary . . . but the best chance you have of making a big success in this world is to decide from square one that you ' re going to do it ethically , " he said .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron chairman lay decides to forgo $ 60 . 6 million severance payment
11 / 14 / 2001
dow jones business news
( copyright ( c ) 2001 , dow jones & company , inc . )
enron corp . said its chairman , kenneth lay , has decided to forgo a severance payment of $ 60 . 6 million that could be triggered by dynegy inc . ' s planned acquisition of enron , wednesday ' s wall street journal reported .
mr . lay ' s decision capped a day in which he appears to have changed his mind on the matter at least twice .
early in the day , an enron filing with the securities and exchange commission laid out mr . lay ' s severance package . by midday , enron indicated that mr . lay would keep only one - third of the payout , which he would take in stock in the combined company , and that he intended to donate one - third to a foundation to help displaced enron employees . the remaining third would cover income - tax liabilities .
but by the end of the day , enron spokesman mark palmer said that mr . lay , following a meeting of enron energy traders , had decided against taking any of the severance pay . though mr . lay didn ' t attend the traders ' meeting , senior managers told him that " opinions were expressed that he shouldn ' t receive the payment , " mr . palmer said . " he decided the cleanest thing to do was to waive the payment . " the opinions of traders carry particular weight because they produce most of enron ' s profits . questions for mr . lay were directed to mr . palmer , who said he had spoken with mr . lay and other company officials during the day .
the initial disclosure about mr . lay ' s hefty severance payment raised new questions about his willingness to sell enron for a share price that was about a third of the market price of a month ago . last friday , mr . lay even said that enron had other options to the dynegy purchase , which might have allowed the energy company to remain independent , though he declined to elaborate . " things weren ' t desperate . . . we had alternatives , " mr . lay said . the 59 - year - old mr . lay won ' t have an executive position at the combined company , though he might be a director .
for the 12 months ended aug . 31 , mr . lay received about $ 70 million through the exercise of enron options , according to disclosure reports compiled by thomson financial . last year , mr . lay was paid $ 8 . 3 million in salary and bonus and more than $ 10 million in stock awards and other compensation .
enron ( ene ) , the nation ' s largest energy trader , saw its stock collapse in recent weeks following a series of disclosures about the company ' s extensive dealings with partnerships run by some of its own officers . those dealings are under investigation by the sec . friday , enron agreed to be acquired by the far smaller houston - based dynegy ( dyn ) for stock , currently valued at about $ 10 . 7 billion . the merger agreement still must be approved by regulators and shareholders of the two companies .
separately , the california public employees ' retirement system , which owns about three million enron and 500 , 000 dynegy shares , said it would oppose the appointment of any current enron board member to the board of a combined company . michael flaherman , chair of calpers investment committee said that it appeared that enron ' s board " failed in its responsibility " to monitor the activities of enron executives .
copyright ( c ) 2001 dow jones & company , inc .
all rights reserved .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron chairman says he won ' t take dlrs 60 million compensation package if dynegy deal closes
by kristen hays
associated press writer
11 / 14 / 2001
associated press newswires
copyright 2001 . the associated press . all rights reserved .
houston ( ap ) - enron corp . chairman ken lay turned down up to dlrs 60 . 6 million that he stood to receive once the nation ' s top buyer and seller of natural gas is merged into its smaller , but stronger rival dynegy inc .
" he has told the employees that he has given a lot of thought to this over the last few days and in light of the circumstances surrounding the company and after listening to the employees he has decided the best thing to do is waive his right to the payment , " enron spokesman vance meyer said .
lay decided it best to forego the enron compensation package after consulting with employees tuesday . he let those who work for him know of his decision via voicemail .
meyer said the compensation package was the only merger - related payment lay was eligible for from enron . a dynegy spokesman , john sousa , said the company was unsure if lay could receive a retirement package from them .
enron had a conference call scheduled for 1430 gmt .
dynegy ' s purchase of enron , worth at least dlrs 9 . 8 billion in stock , would trigger a clause in lay ' s contract that gives him a lump sum of dlrs 20 . 2 million for each full calendar year remaining in his contract if there is a change in control of enron , according to documents filed tuesday with the securities and exchange commission .
lay ' s contract with houston - based enron runs through 2005 .
dynegy executives have said they hope to complete their acquisition of enron by next summer . the houston - based energy marketer will assume dlrs 13 billion of enron debt . the enron name will vanish when the deal is completed .
investors continued to bid up both companies ' shares tuesday , in the second day of trading following announcement of the deal . dynegy shares rose dlrs 2 . 63 , or 6 percent , to close at dlrs 44 . 94 on the new york stock exchange , where enron shares rose 74 cents , or 8 percent , to close at dlrs 9 . 98 .
enron shares have gained 17 percent since thursday , the day before the merger was announced , but the shares are still a fraction of their 52 - week high of dlrs 84 . 87 .
dynegy entered talks to buy enron last month as the trading giant ' s stock price plunged about 80 percent in the weeks following enron ' s posting of a dlrs 618 million third quarter loss . the company also disclosed a dlrs 1 . 2 billion reduction in shareholder equity related to partnerships run by company officers , which allowed enron to keep about half a billion dollars in debt off its books .
those partnerships are now under investigation by the securities and exchange commission .
enron ousted 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 .
chuck watson , dynegy chairman and chief executive , will retain those roles for the combined company while lay steps down when the deal is done .
enron spokeswoman karen denne said tuesday the compensation provision given a merger or other change of control has been in lay ' s contract since 1989 . such protections are common for chief executive officers , she said .
in february , jeff skilling replaced lay as president and ceo of enron and lay retained his title as chairman . lay stepped back into the other roles when skilling unexpectedly resigned in august , citing personal reasons .
- - -
on the net :
http : / / www . enron . com
http : / / www . dynegy . com
ap photos htl 01 and htl 06
copyright ? 2000 dow jones & company , inc . all rights reserved .
nov . 14 , 2001
houston chronicle
enron ' s ceo to turn down $ 60 . 6 million severance pay
by laura goldberg
copyright 2001 houston chronicle
ken lay , enron corp . ' s chairman and chief executive , won ' t take the $ 60 . 6 million in severance he would be due after dynegy closes its deal to buy his troubled company .
lay made his decision tuesday after employees ' sentiments about the money were relayed to him , enron spokesman mark palmer said .
at a floor meeting tuesday for energy traders and marketers and back - office employees to discuss the merger , lay ' s severance " was a very active topic apparently , " palmer said , adding that " quite a bit of concern " was expressed .
documents on a variety of enron matters , including lay ' s severance , were filed with federal securities regulators tuesday morning .
under his employment contract , if lay ends his employment within 60 days of a so - called " change of control , " he gets a lump - sum payment equal to the number of full calendar years left in his employment contract times $ 20 . 2 million .
the merger was announced friday , but isn ' t expected to close for six to nine months . lay ' s contract runs through dec . 31 , 2005 .
palmer said a change - of - control clause had been in lay ' s contract since 1989 .
lay won ' t have a management role with the combined company to be called dynegy . he ' s been offered a seat on the new board , but hasn ' t decided whether to take it .
lay ' s contract was set to expire on dec . 31 , 2003 , but was extended in august after ceo jeff skilling unexpectedly resigned and lay jumped back into his former job as chief executive .
declining the money , palmer said , was the best way for lay to assure employees that he wouldn ' t profit from the severance provision .
last year , lay made $ 18 . 3 million from various forms of compensation , including a $ 7 million bonus , according to enron ' s march proxy statement .
he was also awarded options to buy 782 , 830 shares of enron stock at specified prices over a number of years . the options , though , are worthless at current enron stock prices .
this year through aug . 21 , lay made $ 25 . 5 million by exercising options and selling those shares , graef crystal , a compensation expert who writes a column for bloomberg news , said .
lay made an average of $ 31 . 5 million a year from 1993 to 2000 in various forms of compensation , including exercising options and selling the shares , crystal said .
dynegy on friday announced a deal to buy its rival for almost $ 9 billion in stock plus the assumption of almost $ 13 billion in debt and $ 2 billion in preferred stock .
the price came at bargain - basement rates for a company whose shares as recently as late january closed at $ 82 . tuesday , shares in enron closed at $ 9 . 98 .
among enron ' s woes : a securities and exchange commission investigation , questions on wall street about its financial reporting practices and shareholder lawsuits .
investors reacted negatively to word that lay could get $ 60 . 6 million .
" this is ridiculous after what has happened , " said donald coxe , who manages the harris insight equity fund , which at the end of last month owned about 78 , 000 shares of enron . " the idea that there would be a golden parachute for somebody who as a parachute captain sent his stockholders out of the plane without a parachute strikes me as pretty odd . "
even before tuesday , lay had other ideas for the severance .
early last week , palmer said lay proposed to chuck watson , dynegy ' s chairman and chief executive , that he get two - thirds of what he was due in a noncash payment , such as stock in the merged company .
with half of the noncash payment , lay wanted to set up a foundation to provide assistance to enron employees in need .
a significant portion of the rest , according to his plan , would have been cash to cover taxes .
dynegy declined immediate comment about lay ' s tuesday decision .
but carol coale , an analyst with prudential securities in houston , quipped : " that might stave off one shareholder lawsuit . "
bottom of form 1
nov . 14 , 2001 , 11 : 25 pm
houston chronicle
enron offers reasons for selling to dynegy
underperforming assets , heavy debt cited
by laura goldberg
copyright 2001 houston chronicle
among enron corp . ' s reasons for agreeing to be bought out by rival dynegy : underperforming assets were draining cash and earnings , and debt load was stretching the company .
that enron faced a loss of confidence from financial markets and departures of some senior executives also played into the decision , documents filed by enron on tuesday with federal securities regulators said .
before agreeing to a merger with dynegy , enron also considered staying independent , an infusion of private equity and an infusion from a strategic partner .
friday , the two companies announced dynegy would buy enron for almost $ 9 billion in stock plus the assumption of almost $ 13 billion in debt and $ 2 billion in preferred stock .
under the deal , enron shareholders get 0 . 2685 share of dynegy per enron share . the ratio is subject to " downward revision " under certain circumstances , the documents said .
also , chevrontexaco , a dynegy shareholder , gave dynegy $ 1 . 5 billion . dynegy on tuesday injected that money into enron , aiming to shore up its core energy trading operation .
in return for the money , dynegy gets preferred stock and other rights in enron ' s northern natural gas pipeline system . if the deal doesn ' t close , dynegy could buy all of northern natural gas , which includes about 17 , 000 miles of natural gas pipeline .
the filings say dynegy ' s right to buy northern natural gas is first subject to a right of enron to repurchase northern natural gas . if the merger should not close , dynegy , under certain circumstances , has the option instead to convert its stake in northern natural gas to enron stock .
also of note in the documents :
? enron will finish its second downtown office tower , now under construction , and will keep moving employees into the new building " at this time . "
? the merged company will assume the " rights and obligations " under enron ' s naming - rights deal for enron field .
enron also made filings with the securities and exchange commission concerning agreements announced nov . 1 to get $ 1 billion in credit lines from j . p . morgan chase & co . and citigroup .
the filing detailed a provision in those agreements that , based on enron ' s current credit rating , would have prevented it from tapping those lines . an enron spokesman said tuesday the banks have waived that provision .
also tuesday , enron said it named company executive raymond bowen jr . as treasurer to replace ben glisan , who was fired last week .
dynegy stock continued its upward movement tuesday , closing $ 2 . 63 higher at $ 46 . 94 .
bottom of form 1
report on business : international
enron chief may hit jackpot ceo ' s contract calls for a giant payout if control changes
kristen hays
associated press , bloomberg business news
11 / 14 / 2001
the globe and mail
metro
b 9
" all material copyright ( c ) bell globemedia publishing inc . and its licensors . all rights reserved . "
houston - - enron corp . chairman and chief executive officer kenneth lay stands to receive up to $ 60 . 6 - million ( u . s . ) once the top buyer and seller of natural gas in the united states is merged into its smaller , but stronger rival dynegy inc .
dynegy ' s purchase of enron , worth at least $ 9 . 8 - billion in stock , would trigger a clause in mr . lay ' s contract that gives him a lump sum of $ 20 . 2 - million for each full calendar year remaining in his contract if there is a change in control of enron , according to documents filed yesterday with the u . s . securities and exchange commission .
mr . lay ' s contract with houston - based enron runs through 2005 .
dynegy executives have said they hope to complete their acquisition of enron by next summer . the houston - based energy marketer will assume $ 13 - billion of enron debt . the enron name will vanish when the deal is completed .
" that ' s a ridiculous amount of money for a man who ' s already made himself probably tens of millions of dollars , " said andrew whalley , manager of the legg mason international utilities trust , which sold a $ 5 - million stake in enron in april because of concern about its bookkeeping .
" it ' s a classic golden parachute , " said raymond james analyst jon kyle cartwright , noting that it is comparable to financial safety nets in other top corporate contracts .
but shareholders might not appreciate the parachute given the once - mighty company ' s recent troubles , mr . cartwright said .
" that ' s a tough call , " he said . " it certainly would have been fair if you had been looking at enron up to a couple of months ago . following that it gets dicey , and i ' m not sure how shareholders are going to take it . "
investors continued to bid up both companies ' shares yesterday in the second day of trading following announcement of the deal . dynegy shares rose $ 2 . 63 , or 6 per cent , to close at $ 44 . 94 on the new york stock exchange , where enron shares rose 74 cents , or 8 per cent , to close at $ 9 . 98 .
enron shares have gained 17 per cent since thursday , the day before the merger was announced , but the shares are still a fraction of their 52 - week high of $ 84 . 87 .
dynegy entered talks to buy enron last month as the trading giant ' s stock price plunged about 80 per cent in the weeks following enron ' s posting of a $ 618 - million third - quarter loss . the company also disclosed a $ 1 . 2 - billion reduction in shareholder equity related to partnerships run by company officers , which allowed enron to keep about half a billion dollars in debt off its books .
those partnerships are now under investigation by the sec .
enron ousted 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 .
chuck watson , dynegy chairman and ceo , will retain those roles for the combined company while mr . lay steps down .
dynegy spokesman steve stengel declined comment yesterday on mr . lay ' s agreement with enron , noting that the companies will operate independently until the merger is finished .
enron spokeswoman karen denne said yesterday the compensation provision given a merger or other change of control has been in mr . lay ' s contract since 1989 .
in february , jeff skilling replaced mr . lay as president and ceo of enron and mr . lay retained his title as chairman . mr . lay stepped back into the other roles when mr . skilling unexpectedly resigned in august , citing personal reasons .
illustration
copyright ? 2000 dow jones & company , inc . all rights reserved .
city - enron chief in line for $ 60 m payout .
by andrew cave .
11 / 14 / 2001
the daily telegraph
p 38
( c ) telegraph group limited , london , 2001
associate city editor
kenneth lay , chairman and chief executive of enron , is in line for compensation of more than $ 60 m ( # 42 m ) if he leaves the us company following its $ 8 billion rescue by its smaller rival dynegy .
according to documents filed with america ' s securities & exchange commission , mr lay is entitled to receive a lump sum payment equal to $ 20 . 2 m for every year remaining on his contract . his contract expires at the end of 2005 , while dynegy ' s takeover of enron , announced on friday , is due to be completed in the third quarter of next year .
the contract was extended by two years in august , when he resumed chief executive duties following the departure of jeffrey skilling . it provides that , in addition to his compensation , he will receive an extra amount to cover tax penalties if the sum he gets is considered to be an " excess parachute payment " .
enron , once valued at $ 80 billion , has seen its shares lose 80 pc in the past three weeks after announcing a $ 586 m loss , an equity write - down and a regulatory inquiry into off balance sheet dealings .
copyright ? 2000 dow jones & company , inc . all rights reserved .
mark to market : retail sales to surge on free money
by jim murphy
11 / 14 / 2001
capital markets report
( copyright ( c ) 2001 , dow jones & company , inc . )
a dow jones newswires column
new york - ( dow jones ) - professionals and amateurs alike agree that at 8 : 30 a . m . est the commerce department will report that u . s . retail sales rose in october .
some observers believe that retail sales not only rose last month , but that they surged - 5 . 5 % being the top of the forecast range .
all again agree that the main stimulant was the zero - percent financing offered by the major automakers .
in september , sadness and other negative emotions engendered by the events of 9 / 11 helped to fashion a 2 . 4 % drop in overall retail sales and a 1 . 6 % decline when auto sales were excluded .
the dow jones newswires median forecast of 21 economists has it that overall retail sales rose 2 . 5 % in october , while they were ahead only 0 . 4 % when auto sales were excluded .
while it is difficult to believe that any market will move lower in response to a notable improvement in retail sales , the most compelling ways in which the report can be " spun " are all negative .
a few examples . the october increase will be from a depressed september level .
yes , october retail sales were goosed by zero - percent financing , but november won ' t get such a lift even though the zero - percent sales campaign isn ' t over yet .
that ' s because even if " free " money lured me out of my shell and into the showroom in october , it will have no effect on me in november or in december . i already bought a new car . unless i ' m a rich collector , that ' s it for at least year or two .
the more metaphysical of commentators will also note that many october car sales spurred by zero - percent financing were " in a very real sense " stolen from subsequent months . without " free " money , i might , for example , have waited until april of 2002 before buying a new car .
then , too , there is the cost to the automakers of the zero - interest loans . gm ' s general motors acceptance corp . , which finances the parent ' s cars , will remain a profit center , but it won ' t be from auto loans made in october .
i ' ll leave the summing to a professional ( because i agree with him ) .
" retail sales probably reversed the plunge in september , although mainly because of a spike in autos that is unlikely to be sustained for more than one month , " said jim o ' sullivan , economist at ubs warburg .
vienna meeting overshadowed
oil ministers of the organization of petroleum exporting ministers began meeting today in vienna .
most oil traders are looking for them to cut daily output by around 1 . 5 million barrels . but who ever really knows with opec , which i have cleverly punned , more than once , into opaque .
besides there ' s a war going on in afghanistan and oil - rich iraq may be next - and who knows but that the house of saud won ' t be toppled by islamic fundamentalists . to name but a few topics that are more compelling than a periodic quota buck - and - wing by opec .
would you believe the enron award ?
i told you in tuesday ' s mornings m 2 m that i failed after searching for an hour to find out what fed chairman greenspan was doing at rice university tuesday evening .
wouldn ' t you just know it ? i found out this morning what mr . greenspan was doing in a dispatch from the associated press . he went to rice to receive the enron prize for distinguished public service from the university ' s baker institute for public policy . enron will be taken over by dynegy inc . so this will probably be the final enron award , and no i ' m not going to avail myself of a handy invitation to irony .
mr . greenspan had some things of interest to say to the folks at rice , but none that we haven ' t heard from him before . such as , " . . . there is no evidence that we have , in this process of events since march of the year 2000 , significantly altered the long - term underlying structure of productivity growth . "
with all due respect , al , productivity growth is not likely to be exponential as in a nuclear reaction , but appears tied to earth by the law of diminishing returns .
the big guy is on the stump again today .
mr . greenspan gives the keynote address at an " economic forum " in washington d . c . sponsored by the board of directors of the u . s . chamber of commerce .
dow jones newswires says the speech begins at 3 : 00 p . m . est . that ' s our story and we ' re sticking to it .
another major wire service says , depending on which calendar or story you look at , that the speech begins at both 3 : 00 p . m . and 3 : 15 p . m . in this business , mistakes are made .
anyhow , no big deal . if you might need to hear what the big guy might say just begin paying attention at 3 : 00 p . m .
universal point of view
bob , my e - mail buddy in british columbia , writes : " the two most common elements in the known universe are hydrogen and human stupidity . " bob , are you sure about hydrogen ?
( jim murphy can be reached at ( 201 ) 938 - 2145 or by e - mail at jim . murphy @ dowjones . com )
copyright ? 2000 dow jones source : world reporter ( tm )
you move a step forward and you are a sucker , you move a step backward and you are a sucker still . that just about sums up indias predicament in trying to get one - time us energy trading giant enron off its back and off the 2 , 100 mw dabhol power plant for some time now .
for the past fortnight or so , the institutions have been bargaining hard to find a buyer for enrons assets in maharashtra , having committed over rs 6 , 200 crore in loans . last weekend , they even went into a huddle in singapore to sew up the loose ends of a bail - out .
little seems to have been thrashed out so far . little possibly will . unless , of course , the fis tighten the screws with a take - it or leave - it offer . the time to make that choice is now .
a gentleman in pin - stripes whos done a lot of running around these past few weeks to help sew up the deal , told me the other day that enron had indeed agreed to part with its stake in dpc at a 30 per cent discount .
that would have fetched it just about $ 800 - odd million spread over a five - year period . so , why hasnt a deal been struck ?
its probably not worked out because of what enron considers a fair discount on what it has sunk into the project . prospective buyers consider this too high an asking price .
for the record , enron claims to have sunk in $ 1 . 2 billion in the project together with its partners ge and bechtel who have supplied equipment and helped construct the plant .
but my gentleman friend in pin - stripes suggests that $ 1 . 2 billion isnt exactly their equity contribution in dabhol . that amount works out to just about $ 800 million .
enron , actually splurged close to $ 200 million on development expenses , which in gentlemens lingo is another way of saying that the energy giant could have ended up bribing its way to see the once coveted project through besides fighting sundry court cases in india .
and it wants part of that money back . now which prospective buyer will compensate enron for possible bribes or for making court appearances ?
enron , it appears , has also claimed another $ 140 million as its share of dabhols retained earnings , which should eventually go to all stake - holders in dpc ( the mseb included ) once the companys board passes a resolution that the amount is shared proportionately among all those who have invested in dabhols equity capital . till then , leave the retained earnings aside .
so , what enron should work on is a fair discount on its equity contribution in the project , which is no more than $ 800 million . now given its willingness to take a 30 per cent knock , enron should not expect more than $ 560 million as the asking price for walking out of dabhol .
add to that , if you will , another $ 140 million by way of retained earnings and enron should not be getting more than $ 700 million at the most . is enron willing to take this knock ?
given a choice , it could resist this offer . but enron has no choice . and thats reason for cheer . last week , enron , close to the present american dispensation ( chairman ken lay was the biggest fund - raiser for president george bushs campaign effort last year ) opted for a $ 7 . 8 billion rescue offer from smaller houston rival dynegy after narrowly escaping credit ratings cut to junk status .
for the past several months enron had been using its clout with mr bush to push through a bail - out package on dabhol that suited its terms . that privilege now seems to be gone as the company grapples to stave off a securities exchange commission inquiry into off - balancesheet transactions .
and until enron clears several questions back home about its finances , it will remain suspect in the eyes of us investors .
in india , where enrons made more news for its misses than its hits , the timing couldnt have been more opportune than now for prospective private bidders to strike a potentially lucrative deal .
two such bidders , tata power and bses , are said to have offered no more than $ 400 million to buy out enrons stake in dpc . its time they stuck to that price . or else , we could still end up being suckers . what ?
copyright ? 2000 dow jones now dynegy must make it work
david greising
11 / 14 / 2001
chicago tribune
north sports final ; n
1
( copyright 2001 by the chicago tribune )
when three top enron corp . executives proposed a merger to one of his lieutenants two weeks ago , no one needed to tell chuck watson that enron was desperate .
the founder and chairman of dynegy inc . is a wily old energy trader . he can smell desperate two oil fields away . or three city blocks away , as was the case between these houston rivals .
a liquidity crisis threatened to reduce enron ' s credit rating to junk status . wall street analysts were hostile after disclosures about conflicts of interest and huge losses on outside trading partnerships . investors had fled .
when the approach came , watson didn ' t jump . he sat . he sent word to have enron chief executive kenneth lay call him if the offer was serious .
a nice negotiating move , for sure . watson put the seller at a minor tactical disadvantage . but watson adds a kindlier spin : he didn ' t want to appear to be pouncing on enron ' s troubles .
two weeks of negotiations and demi - due - diligence later , watson and lay had their deal . dynegy would buy enron , a company three times its size , in a $ 24 billion deal .
watson takes satisfaction that dynegy , the company that was always smaller and stodgier than enron , became the buyer . most of his career , watson has operated in enron ' s shadow .
the two companies were formed the same year , 1985 . after 15 years at conoco , watson persuaded morgan stanley to give him a line of credit to form a small energy trading company . lay , meanwhile , engineered the merger of houston natural gas and internorth of omaha .
" ken put two pipelines together to make that company . i had six people and a smile , " watson told me during the chicago stop of an east coast - to - texas barnstorming to sell the deal to investors .
enron was always the bigger glamor play . lay ' s move from a base of trading natural gas and electric power into the engineering of exotic financial deals in areas as diverse as communications bandwidth , paper , steel and media won a huge wall street following and doubled enron ' s stock price last year , to above $ 80 a share .
dynegy by contrast seemed downright dull . though it dabbled in broadband communications , dynegy stuck mainly to the business of generating , trading and delivering gas and electricity . though dynegy ' s stock price nearly quadrupled last year to $ 59 , dynegy never turned heads the way enron did .
today , enron has no friends left . the messy breakdown of enron ' s trades with outside partnerships has forced it into dynegy ' s embrace . watson thinks wall street went hard on enron because of the company ' s high - handed manner when it was on top . " if you have that personality and things go wrong , i mean , everybody ' s going to take your legs off , " watson says .
this would be a tidy tortoise - and - hare tale except for one thing : enron ' s problems are such a mess , they could make for rough going at dynegy , too .
watson thinks he has protected himself . he can walk from the deal if enron ' s legal entanglements exceed $ 3 . 5 billion . if , on the other hand , enron ' s problems don ' t get worse and other bidders emerge , he gets a healthy $ 350 million break - up fee and ownership of a key enron pipeline .
that ' s better than nothing . but it ' s hardly a failsafe . some enron trades with the outside partnerships don ' t unwind for years , so problems might not emerge until after dynegy has closed its deal .
there are more mainstream challenges , too .
roughly half of enron ' s operating profits last year came from off - balance sheet transactions watson wants to eliminate . replacing that won ' t be easy . and watson needs to handle at least $ 14 billion in enron debt .
enron ' s high rollers might not fit into dynegy ' s careful culture . watson ' s team also must stretch to run a company that , even with divestitures , will jump to at least three times dynegy ' s current size .
watson ' s personality can be aw - shucks disarming . born at great lakes naval air station in illinois , the son of a navy officer , he lived in 22 places before he graduated high school . now , if he closes the deal , he ' ll be running one of the country ' s largest companies .
no one would get a kick from taking watson down a notch . but that hardly means investors won ' t knock him if he can ' t make the enron deal work .
copyright ? 2000 dow jones ceo says enron errors not illegal
melita marie garza , tribune staff reporter
11 / 14 / 2001
chicago tribune
north sports final ; n
1
( copyright 2001 by the chicago tribune )
the downfall of energy - trading titan enron corp . was the result of " bad business practices " rather than illegal activity , says chuck watson , chief executive of dynegy inc . , the company acquiring enron in a deal valued at $ 24 billion .
" i ' m not persuaded that you ' ll find anything illegal , " watson said tuesday , commenting on the securities and exchange commission ' s probe into enron ' s off - balance sheet transactions in energy partnerships .
watson ' s comments came as enron , in a filing with the sec , disclosed that kenneth lay , the company ' s chairman and chief executive , could walk away with a golden parachute worth more than $ 80 million if the merger succeeds . under terms of a pre - existing employment contract , lay would receive $ 20 . 2 million a year for each full year outstanding on his contract if control of enron changes hands during his employment .
at the same time , enron issued a letter to employees warning that the deal with dynegy was likely to result in workforce reductions at enron . " as with any merger , " the letter said , " some elimination of positions is almost inevitable . "
enron , the nation ' s largest trader of natural gas and electricity , has seen its stock price collapse in recent weeks largely because of soured transactions with energy partnerships run by one of its former executives and additional revelations about questionable accounting practices at enron .
power - trading rival dynegy , owner of downstate utility illinois power , moved last week to acquire its hobbled competitor , agreeing to pay the equivalent of about $ 10 a share for a company that as recently as last january traded above $ 80 a share .
in a wide - ranging interview , watson criticized the practice at dynegy of permitting enron executives to sit on the partnership boards and profit from them . " you don ' t let that happen , " watson said . " it would never have gotten by me . "
watson sees the distinction between illegal conduct and bad judgment at enron as significant because the absence of illegality would minimize grounds for shareholder lawsuits .
dynegy has said the merger is contingent on litigation costs over enron ' s problems staying under $ 3 . 5 billion . " i don ' t think it ' s going to be anywhere near that level , " watson said .
enron ' s misfortunes , watson said , paved the way for dynegy ' s opportunity . " this is all about brand , " he said . " they lost credibility and investor confidence . "
dynegy ' s takeover of its higher - profile rival is a coup for dynegy , which has been viewed by some as an " enron wannabe . " but watson brushed off the description . " that ' s actually not true , " watson said . " it ' s clearly not true now . "
watson asserted that nothing had gone wrong with enron ' s core businesses . that fact , he said , had been lost - - by investors and potential enron suitors - - in the controversy surrounding the off - balance sheet transactions .
" maybe the tires fell off the car and the paint was chipped , but the engine was still strong , " watson said , referring to enron ' s core businesses .
in an apparent conundrum , dynegy ' s bid for enron at what is viewed as a bargain basement price has not brought any other companies to the bargaining table . enron ' s problems reportedly scared off some prospective bidders , such as warren buffett ' s berkshire hathaway .
watson argued that dynegy was uniquely positioned to pursue the enron deal , in large part because the rivals had extensive business dealings together .
" it took our guys days - - not months - - to do due diligence , " watson said . " we were right there in town . it was the time factor , the knowledge that we had of the industry and the business . "
for example , watson said shell oil co . , another company thought to have an interest in acquiring enron , would not have had the background to move as quickly as dynegy had in putting together the merger .
while saying that he had respect for the regulatory approval process , watson reiterated his belief that the merger posed no antitrust concerns . " we don ' t have a pipeline business , they do , " watson said . " they don ' t have a generation business , we do . "
photo ; caption : photo : dynegy ceo chuck watson discusses his company ' s purchase of troubled energy rival enron in chicago tuesday . tribune photo by david klobucar .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : update 1 - calpers calls on enron board to step aside in merger .
11 / 13 / 2001
reuters english news service
( c ) reuters limited 2001 .
pasadena , calif . , nov 13 ( reuters ) - the largest u . s . pension fund said on tuesday the board of energy trader enron corp should step aside if the company moves forward with its plans to be bought by dynegy inc
the california public employees retirement system ( calpers ) said it would oppose any efforts by enron to place its current board members on the new board of a company resulting from the proposed $ 9 billion stock - swap merger announced on friday .
calpers owns about 3 million enron shares , or about 0 . 4 percent of all shares outstanding . however , the public pension fund is widely watched for its stances on corporate governance .
the merger would value houston - based enron at a fraction of what it was worth a year ago . the shares have lost 89 percent of their value over the past 52 weeks .
a spokesman from calpers and a spokeswoman from enron could not be reached for comment .
in declaring its position on the merger , calpers cited reports that enron was seeking the right to appoint three of its current board members to the combined company ' s board .
enron in recent weeks has reshuffled its management in response to a u . s . regulatory probe into murky financial transactions . the company has said that former chief financial officer andrew fastow , who abruptly left the company last month , had made $ 30 million managing limited partnerships that conducted outside transactions with enron .
" there have been serious allegations of self - dealing on the part of enron ' s senior management , " michael flaherman , chair of calpers investment committee , said after a meeting of the pension ' s administrative board . " and it appears that enron ' s board may have failed in its responsibility to monitor the activities of enron ' s corporate officers . "
" until all of these issues are sorted out , " he continued , " the interests of shareholders are best served by retiring all of the current directors from involvement in enron ' s successor entities . "
california state officials and enron clashed last year over the state ' s power crisis , which triggered the bankruptcy of california ' s largest utility pacific gas & electric , a unit of san francisco - based pg & e corp
california gov . gray davis and others blasted enron and other state power companies , accusing them of manipulating the market and jacking up prices .
enron is by far the largest trader of electricity and natural gas in the united states , with analysts estimating it is involved in some 25 percent of the daily trades in those markets .
calpers said it also has a stake in houston - based dynegy but it did not provide details on that investment .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron ceo helps present greenspan award
11 / 13 / 2001
associated press newswires
copyright 2001 . the associated press . all rights reserved .
houston ( ap ) - maybe they ' ll call it the dynegy prize next time .
federal reserve chairman alan greenspan was in houston on tuesday night to pick up the enron prize for distinguished public service , an award named for the teetering energy company that is being bought by rival dynegy inc . for about $ 9 billion .
at one point greenspan expounded on the values of ethicism to the rice university crowd while ken lay , whose company has been blasted on wall street for concealing transactions with entities run by the company ' s chief financial officer , looked on .
" my experience is that it really works to be as ethical as possible as one knows and to define one ' s values in a very succinct and important way , " greenspan said when asked by a pending college graduate about venturing into the work world .
lay , in his first major public appearance since the merger announcement , was met with warm applause and made some brief congratulatory remarks .
no mention was made of enron ' s current woes or lay ' s decision earlier in the day to waive about $ 60 million he would be due as the merger closes .
past winners of the enron prize , awarded by the baker institute for public policy at rice , include colin powell , nelson mandela and mikhail gorbachev .
copyright ? 2000 dow jones & company , inc . all rights reserved .
calpers opposes enron board members ' appt to dynegy board
11 / 13 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones 310 - 962 - 2843 ; jessica . berthold @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
jesse jackson asks energy companies to hire more minorities
11 / 13 / 2001
dow jones business news
( copyright ( c ) 2001 , dow jones & company , inc . )
associated press
houston - - the energy industry has an untapped resource in minorities who traditionally have been overlooked by big business , including the energy sector , the rev . jesse jackson said tuesday .
mr . jackson has been in houston - - dubbed the nation ' s energy capital - - for two days , bringing together more than 700 representatives of minority - owned businesses with those running some of the nation ' s largest energy companies at his inaugural wall street project energy summit .
" we do not have a talent shortage , " mr . jackson told the minority business owners who sat in on a discussion with representatives from enron corp . ( ene ) , dynegy inc . ( dyn ) and shell oil co . ( rd ) . " we have an opportunity shortage . "
mr . jackson , speaking at a hotel just down the street from the headquarters of troubled enron , said now was the time for minorities to make their presence known with the proposed dynegy purchase of enron , its larger rival . he said spinoff companies and other opportunities created by the proposed merger , as well as deregulation of the texas energy market , offer possibilities for those who possess knowledge of the changing industry .
" the question is not ' can we produce ? ' the question is ' can they see our capacity to produce , ' " mr . jackson said . " we are a knowledgeable people . we have a low profile , but we have a place in the industry . "
energy company representatives agreed . the question for them , however , was how to change what has become business as usual , they said .
" most ceos who do business in corporate america are comfortable with who they do business with , " said milton scott , dynegy ' s chief administrative officer and senior vice president . " many of them are not inherently racist . "
" i would call it racism 10 years ago , " mr . jackson replied . " today i would call it cultural blindness and part of our job is to take the patch off their eye . "
gaurdie bannister , shell oil ' s vice president of business development , said there are a number of individuals in large companies who are willing to " break eggs " with minority - owned businesses but often run into roadblocks because those companies are unable to cushion a large risk that would be taken , for example , in an offshore project .
" if you are not big and you don ' t have the capital to take that risk with me , i can ' t use you , " he said .
mr . scott said a way for smaller minority - owned businesses to get around such obstacles and get the big contracts is to combine their strengths .
" join forces , " he said . " set your egos aside and you are going to have a lot more success because then you take away some of the risk . "
reducing risk isn ' t the goal , mr . jackson said . instead , it ' s a level playing field for everyone .
copyright ( c ) 2001 dow jones & company , inc .
all rights reserved
copyright ? 2000 dow jones & company , inc . all rights reserved .
calpers speaks out on enron
11 / 13 / 2001
business wire
( copyright ( c ) 2001 , business wire )
pasadena , calif . - - ( business wire ) - - nov . 13 , 2001 - - the california public employees ' retirement system ' s board of administration was briefed today about enron ' s financial condition and recent disclosures of potential management conflicts of interest .
at the end of the meeting , the board announced its intention to oppose the appointment of any current enron board member to the board of any company with which enron might be contemplating a merger . recent press reports have suggested that enron may be considering a merger with houston , texas - based dynegy , and as part of that merger , is seeking the right to appoint three members to the combined company board .
" there have been seriously allegations of self - dealing on the part of enron ' s senior management , " said michael flaherman , chair of calpers investment committee . " and it appears that enron ' s board may have failed in its responsibility to monitor the activities of enron ' s corporate officers . until all of these issues are sorted out , the interests of shareholders are best served by retiring all of the current directors from involvement in enron ' s successor entities . "
calpers owns approximately 3 million shares of enron and is also invested in dynegy .
contact : calpers office of public affairs brad pacheco / pat macht , 916 / 326 - 3991
21 : 11 est november 13 , 2001
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron names raymond bowen treasurer
11 / 13 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones dow jones newswires ; 201 - 938 - 5400
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron names raymond bowen treasurer .
11 / 13 / 2001
reuters english news service
( c ) reuters limited 2001 .
houston , nov 13 ( reuters ) - enron corp . , which in recent weeks has reshuffled its management in response to a u . s . regulatory probe into murky transactions , said on tuesday it named raymond bowen treasurer and vice - president of finance .
the troubled energy trader said bowen previously served as both chief operating officer of enron industrial markets and treasurer of enron capital & trade resources .
houston - based enron has shed almost $ 20 billion in market value in the past month and has sufferend a series of credit rating downgrades as a result of the probe . on friday , smaller rival dynegy inc . said it would buy out the beleaguered company for about $ 9 billion .
enron shares rose 75 cents to close at $ 9 . 99 tuesday on the new york stock exchange .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron earnings restatement a sign of deceit - suits .
by david howard sinkman
11 / 13 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 13 ( reuters ) - lawyers filing lawsuits against enron corp . on tuesday said the restatement last week of more than four years of earnings is a clear sign the energy trader and its chief executives misled investors .
at least 10 law firms are seeking class action status on behalf of plaintiffs they said were deceived by false and misleading statements or because adverse information was concealed , causing enron ' s shares to be artificially inflated .
" enron restating its earnings is certainly going to help our case . it demonstrates that in their opinion their earnings were false when initially published , " said lawyer arthur stock of berger & montague pc in philadelphia , one of the law firms seeking class - action status .
enron declined to comment .
the lawsuits name the company , chairman and chief executive kenneth lay , former ceo jeffrey skilling and andrew fastow , a former chief financial officer , as defendants .
in another blow to its damaged reputation among investors , the houston - based company last week admitted it erred in reporting past results . it reduced its earnings from 1997 to 2000 by $ 591 million , or 22 percent of the amount that had previously been released on its financial statements . earnings for the first two quarters of 2001 also were restated .
enron has garnered investor ire since it unexpectedly reduced shareholder equity by $ 1 . 2 billion in mid - october , saying off - balance sheet transactions had contributed to that and to $ 1 billion in charges .
the company ' s stock plunged as almost daily developments sullied investors . it lost almost 80 percent of value from the day the company reported its first quarterly loss in more than four years on oct . 16 , to the announcement last week that rival dynegy inc . would buy enron for about $ 9 billion in stock and the assumption of about $ 13 billion in debt .
enron shares closed tuesday 75 cents higher at $ 9 . 99 on the new york stock exchange , far off its august 2000 high of $ 90 . 56 .
increased time frame
in the latest lawsuit to be filed against enron since it was rocked by a u . s . regulatory probe in october , the law firm of cauley geller bowman & coates said misrepresentations and omissions by the defendants violated their duty to release accurate and truthful information on the company ' s finances .
" each of the defendants is liable as a participant in a fraudulent scheme and course of business that operated as a fraud or deceit on purchasers of enron common stock by disseminating materially false and misleading statements , " said cauley geller in a lawsuit filed in texarkana , texas .
the suit was filed nov . 9 , the day after the restated earnings were released , in the u . s . district court for the eastern district of texas .
prior to the restatement of results , prompted by concerns raised by the u . s . securities and exchange commission , the lawsuits filed against enron were on the behalf of shareholders who bought common stock between jan . 18 , 2000 and oct . 17 .
however , since enron restated its results , cauley geller increased the time frame , or " class period " on behalf of investors who bought enron stock , from jan . 18 , 1999 to nov . 8 .
" the effect of the restatement was dramatic , " said cauley geller . " enron insiders disposed of over $ 73 million of their personally held enron common stock to unsuspecting investors . "
cauley geller said selling of enron stock by key executives was " unusual and suspicious given its timing . " lay sold $ 11 . 2 million worth of shares during the period , and skilling sold $ 6 . 41 million in stock , the law firm said .
" people who have lost hundreds of thousands of dollars are naturally angry , stock said . " it is expected in this type of situation . "
in a filing with the sec on tuesday , it was reported lay could walk away with more than $ 80 million if the acquisiton by dnyegy closes this year .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : s & p says dynegy deal saves enron from junk rating .
by nancy leinfuss
11 / 13 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 13 ( reuters ) - enron corp . , teetering on the brink of junk status , got a reprieve late friday when standard & poor ' s cut the troubled energy trading company ' s credit ratings but stopped a notch short of the speculative - grade category , after news of its potential acquisition by dynegy inc .
" the way to look at the dynegy transaction is it really in a sense maintains the investment - grade quality to enron ' s credit rating , " said todd shipman , analyst at s & p . " it ' s safe to say that absent a dynegy deal , enron was quite likely to end up non - investment - grade quality because of what had happened , " shipman said .
enron , the nation ' s largest energy trader , has been struggling to overcome a plummeting stock price and falling credit ratings in the past month following disclosures of off - balance sheet deals now under investigation by the u . s . securities and exchange commission for possible conflict of interest .
s & p lowered its long - term corporate credit rating on enron to bbb - minus from bbb , its lowest investment - grade rating . a cut below that , to junk , would make it tougher for enron to issue debt and run its day - to - day business .
the rating agency also placed the ratings of dynegy on creditwatch negative after the energy provider said it had agreed to acquire enron for about $ 9 . 5 billion .
terms of the dynegy transaction call for dynegy to swap 0 . 2685 shares of its own stock for each enron share , the companies said . that would value houston - based enron at $ 10 . 41 per share , including convertible stock , a premium of about 21 percent over friday ' s closing price of $ 8 . 63 .
the takeover announcement halted a free - fall in enron ' s stock , which has lost about 75 percent of its market capitalization in the past month . on tuesday , , enron shares closed at $ 9 . 99 , up $ 0 . 75 cents , or 8 . 12 percent , on the new york stock exchange .
enron ' s debt , which has been trading at levels associated with higher - risk junk bonds , moved higher on the news . the company ' s 7 . 875 percent notes due 2003 were traded at 92 cents on the dollar , up from the mid - 80 ' s range last week , traders said .
industry experts said the most critical component of the deal was an immediate cash infusion by dynegy shareholder chevrontexaco into enron .
chevrontexaco , which owns a 27 percent stake in dynegy , has agreed to infuse $ 1 . 5 billion immediately into enron to support it until the deal closes . it would inject another $ 1 billion into the merged company once the deal closes .
" that was an important part of that whole deal , not just dynegy coming in and offering money to buy enron out , but also providing that up - front liquidity to protect the value of enron ' s trading business , which is really the crown jewel , so to speak , that dynegy is interested in , " said shipman .
s & p said dynegy ' s corporate credit rating is likely to remain within the bbb category , as a result of its purchase of enron , " we saw an investment - grade company , within a range of bbb - plus to bbb . " said shipman . " if things go as planned , dynegy would keep its credit rating . "
s & p said it will continue to monitor the planned acquisition by dynegy of enron and warned that a downgrade to junk status for enron would be likely if the transaction is not completed .
" the main thing we ' ll be monitoring at this point is enron ' s liquidity and the value of its trading franchise , because that ' s really what dynegy is interested in , " said shipman .
" if there were to be an effect on enron ' s trading business that would be significant enough to reduce dynegy ' s interest in enron , that would raise the possibility that the merger would not be completed , then the possibility of downgrade would be very strong for enron , " shipman said .
moody ' s investors service , another major u . s . rating agency , could not immediately be reached for comment on any potential rating actions after news of enron ' s buyout by dynegy . moody ' s rates enron debt in line with s & p , at " baa 3 , " its lowest investment - grade rating .
enron , with $ 100 billion in revenues and $ 1 billion in profits last year , is fifth on fortune 500 ' s list of largest u . s . companies . dynegy , 54 th on the fortune list , had $ 29 billion in revenues and $ 500 million in earnings .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron ' s board should step aside from new company , calpers says
2001 - 11 - 14 00 : 22 ( new york )
enron ' s board should step aside from new company , calpers says
pasadena , california , nov . 13 ( bloomberg ) - - enron corp . ' s
board should not be allowed to stay if dynegy inc . completes its
proposed purchase of the energy trader , the california public
employees ' retirement system said .
calpers , which owns about 3 million enron shares , said it
intends to oppose any such appointments because the company ' s
board failed to properly monitor enron ' s senior management . fund
officials couldn ' t immediately be reached for comment on a press
release distributed by business wire .
enron partnerships run by the company ' s former chief
financial officer , andrew fastow , are being investigated by the
securities and exchange commission . the entities bought and sold
enron shares and assets . enron ousted fastow in october .
` ` until all of these issues are sorted out , the interests of
shareholders are best served by retiring all of the current
directors from involvement in enron ' s successor entities , ' '
michael flaherman , chair of calpers investment committee , said in
the statement .
calpers is the country ' s largest public pension fund .
enron shares rose 74 cents to $ 9 . 98 . dynegy shares rose $ 2 . 63
to $ 46 . 94 . both companies are based in houston .
- - vivien lou chen in san francisco , ( 415 ) 743 - 3506
enron ceo won ' t accept $ 60 . 6 mln in severance , spokesman says
2001 - 11 - 13 18 : 04 ( new york )
enron ceo won ' t accept $ 60 . 6 mln in severance , spokesman says
houston , nov . 13 ( bloomberg ) - - enron corp . chairman and
chief executive officer kenneth lay will not accept severance pay
of more than $ 60 million that he would have received after dynegy
inc . took over the company .
` ` he decided the best thing was to waive it altogether after
speaking to employees at a meeting this afternoon , ' ' enron
spokesman mark palmer said . lay declined to comment .
lay is entitled to receive a lump sum payment equal to $ 20 . 2
million , multiplied by the number of full calendar years remaining
on his contract , if he terminates his employment under certain
circumstances , such as the acquisition by dynegy , enron said in a
filing with the securities and exchange commission today .
` ` that ' s a ridiculous amount of money for a man who ' s already
made himself probably tens of millions of dollars , ' ' said andrew
whalley , manager of the legg mason international utilities trust ,
which sold a $ 5 million stake in enron in april because of concern
about its bookkeeping .
lay had gains of $ 123 . 4 million from the exercise of options
in 2000 , in addition to his regular salary . robert doty , dynegy ' s
chief financial officer , refused to discuss severance packages for
departing enron executives at a meeting with investors in boston
today .
mind changed
dynegy says its buyout of enron , the biggest energy trader ,
is expected to close in 2002 ' s third quarter . lay ' s contract runs
through the end of 2005 . if the enron buyout were to close this
year , or if there were another form of ` ` change of control ' ' at
enron , lay would be entitled to receive $ 80 . 8 million , the enron
filing indicates . if it closes next year as planned , he ' ll get at
least $ 60 . 6 million .
lay ' s contract provides that he also could receive an amount
to cover tax penalties if the payment he gets is deemed to be an
` ` excess parachute payment ' ' under tax rules , the filing said .
palmer said lay was unlikely to qualify for the additional money .
earlier today , lay planned to propose to dynegy that he take
two - thirds of his severance pay in ` ` non - cash form , ' ' presumably
dynegy stock and use half of the stock to set up a fund to provide
` ` need - based assistance ' ' to former enron employees , palmer said .
after the employee meeting this afternoon , lay decided the
employees would prefer to have him waive it altogether . it will be
up to dynegy to decide if a fund should be set up for former enron
employees , palmer said .
$ 23 billion buyout
enron agreed on friday to be acquired by rival dynegy for at
least $ 23 billion in stock and assumed debt , ending a financial
crisis that threatened to bankrupt enron and disrupt u . s . power
and natural - gas markets .
lay , 59 years old , has said he won ' t be an active manager in
the new company , which will be led by dynegy chairman and ceo
charles watson . no decision has been made about whether he might
serve on dynegy ' s board , the companies said .
` ` they need ken lay to close the deal because of his skill
with regulators , ' ' said mark maloney , who helps manage $ 1 . 1
billion in the john hancock patriot funds , who attended a
presentation to investors by the two companies in boston today .
` ` lay is close to the bush administration , and that couldn ' t
hurt . ' ' the patriot funds don ' t own shares of enron or dynegy .
lay has been chairman since february 1986 . his contract was
extended by two years , to the end of 2005 , when he resumed the
ceo ' s job following the departure of jeffrey skilling in august .
skilling didn ' t get a severance package because he quit , enron has
said .
the company more than tripled lay ' s pay package last year to
$ 18 . 3 million following its best share - price performance in 20
years , according to a proxy filed in march with the sec . enron
shares have plunged 90 percent this year . lay made $ 5 . 97 million
in 1999 , according to enron ' s proxy .
lay also received options to buy 782 , 830 shares over seven
years , most at $ 47 . 31 each , the march filing said . those options
are now worthless because enron ' s stock price is below the price
at which they could be exercised .
shares of enron rose 74 cents to $ 9 . 98 . dynegy rose $ 2 . 63 to
$ 46 . 94 . both companies are based in houston .
- - margot habiby in dallas , ( 214 ) 954 - 9452
switzerland : swiss ewz suspends planned power venture with enron .
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
zurich , nov 14 ( reuters ) - swiss utility elektrizitaetswerk der stadt zuerich ( ewz ) has suspended its planned power trading joint venture with enron corp that was supposed to start up in january , ewz said on wednesday .
enron , hit by financial problems , is on the verge of being taken over by smaller rival dynergy inc , which agreed last week to buy enron in a stock swap worth about $ 9 billion .
" given these circumstances , ewz . . . has decided to suspend the prepared start of a joint trading company of ewz and enron and to review the strategy of future cooperation with enron or dynergy , " it said in a statement .
it said the review would determine which aspects of the cooperation accord could still be attractive and if the proposed venture could be revived at some future date .
copyright ? 2000 dow jones & company , inc . all rights reserved . | 0 | ham | enron mentions | enron ' s lay turns down severance pay
the wall street journal , 11 / 14 / 01
enron ceo cut stakes in firms where he sits in director ' s seat
the wall street journal , 11 / 14 / 01
enron chief will give up severance
the new york times , 11 / 14 / 01
companies & finance the americas - regulators face new boundaries in enron deal .
financial times , 11 / 14 / 01
front page - companies nov 14 , 2001
enron chief relinquishes severance pay
los angeles times , 11 / 14 / 01
enron ceo says no to $ 60 . 6 million
the washington post , 11 / 14 / 01
enron ' s lay sells shareholdings in other companies , wsj reports
bloomberg , 11 / 14 / 01
greenspan takes on energy at rice award presentation
houston chronicle , 11 / 14 / 01
usa : enron ' s lay says no to hefty pay package .
reuters english news service , 11 / 14 / 01
enron chairman lay decides to forgo $ 60 . 6 million severance payment
dow jones business news , 11 / 14 / 01
enron chairman says he won ' t take dlrs 60 million compensation package if dynegy deal closes
associated press newswires , 11 / 14 / 01
enron ceo to turn down $ 60 . 6 million severance pay
houston chronicle , 11 / 14 / 01
enron offers reasons for selling to dynegy
houston chronicle , 11 / 14 / 01
enron chief may hit jackpot ceo ' s contract calls for a giant payout if control changes
the globe and mail , 11 / 14 / 01
city - enron chief in line for $ 60 m payout .
the daily telegraph , 11 / 14 / 01
mark to market : retail sales to surge on free money
capital markets report , 11 / 14 / 01
just stick it out or be a sucker
the economic times , 11 / 14 / 01
deal made ; now dynegy must make it work
chicago tribune , 11 / 14 / 01
dynegy defends merger partner ; ceo says enron errors not illegal
chicago tribune , 11 / 14 / 01
usa : update 1 - calpers calls on enron board to step aside in merger .
reuters english news service , 11 / 13 / 01
enron ceo helps present greenspan award
associated press newswires , 11 / 13 / 01
calpers opposes enron board members ' appt to dynegy board
dow jones energy service , 11 / 13 / 01
jesse jackson asks energy companies to hire more minorities
dow jones business news , 11 / 13 / 01
calpers speaks out on enron
business wire , 11 / 13 / 01
enron names raymond bowen treasurer
dow jones news service , 11 / 13 / 01
usa : enron names raymond bowen treasurer .
reuters english news service , 11 / 13 / 01
usa : enron earnings restatement a sign of deceit - suits .
reuters english news service , 11 / 13 / 01
usa : s & p says dynegy deal saves enron from junk rating .
reuters english news service , 11 / 13 / 01
enron ' s board should step aside from new company , calpers says
bloomberg , 11 / 13 / 01
enron ceo won ' t accept $ 60 . 6 mln in severance , spokesman says
bloomberg , 11 / 13 / 01
switzerland : swiss ewz suspends planned power venture with enron .
reuters english news service , 11 / 14 / 01
enron ' s lay turns down severance pay
by rebecca smith and john r . emshwiller
staff reporters of the wall street journal
11 / 14 / 2001
the wall street journal
a 3
( copyright ( c ) 2001 , dow jones & company , inc . )
enron corp . said its chairman , kenneth lay , has decided to forgo a severance payment of $ 60 . 6 million that could be triggered by dynegy inc . ' s planned acquisition of enron . mr . lay ' s decision capped a day in which he appears to have changed his mind on the matter at least twice .
early in the day , an enron filing with the securities and exchange commission laid out mr . lay ' s severance package . by midday , enron indicated that mr . lay would keep only one - third of the payout , which he would take in stock in the combined company , and that he intended to donate one - third to a foundation to help displaced enron employees . the remaining third would cover income - tax liabilities .
but by the end of the day , enron spokesman mark palmer said that mr . lay , following a meeting of enron energy traders , had decided against taking any of the severance pay . though mr . lay didn ' t attend the traders ' meeting , senior managers told him that " opinions were expressed that he shouldn ' t receive the payment , " mr . palmer said . " he decided the cleanest thing to do was to waive the payment . " the opinions of traders carry particular weight because they produce most of enron ' s profits . questions for mr . lay were directed to mr . palmer , who said he had spoken with mr . lay and other company officials during the day .
the initial disclosure about mr . lay ' s hefty severance payment raised new questions about his willingness to sell enron for a share price that was about a third of the market price of a month ago . last friday , mr . lay even said that enron had other options to the dynegy purchase , which might have allowed the energy company to remain independent , though he declined to elaborate . " things weren ' t desperate . . . we had alternatives , " mr . lay said . the 59 - year - old mr . lay won ' t have an executive position at the combined company , though he might be a director .
for the 12 months ended aug . 31 , mr . lay received about $ 70 million through the exercise of enron options , according to disclosure reports compiled by thomson financial . last year , mr . lay was paid $ 8 . 3 million in salary and bonus and more than $ 10 million in stock awards and other compensation .
enron , the nation ' s largest energy trader , saw its stock collapse in recent weeks following a series of disclosures about the company ' s extensive dealings with partnerships run by some of its own officers . those dealings are under investigation by the sec . last friday , enron agreed to be acquired by the far smaller houston - based dynegy for stock , currently valued at about $ 10 . 7 billion . the merger agreement still must be approved by regulators and shareholders of the two companies .
separately , the california public employees ' retirement system , which owns about three million enron and 500 , 000 dynegy shares , said it would oppose the appointment of any current enron board member to the board of a combined company . michael flaherman , chair of calpers investment committee said that it appeared that enron ' s board " failed in its responsibility " to monitor the activities of enron executives .
mr . palmer , the enron spokesman , said mr . lay had provisions in his employment contract to protect him against a sudden change in control from 1989 forward . in february 2000 , when enron stock was trading between $ 60 and $ 70 a share and mr . lay was being widely lauded for his performance , he negotiated a bigger severance package than he had previously . last august , when chief executive jeffrey skilling quit unexpectedly , mr . lay assumed mr . skilling ' s duties and his contract term was extended by two years to dec . 31 , 2005 .
under the terms of his contract , mr . lay is entitled to payment of $ 20 . 2 million for every full calendar year left on his employment contract , in the event that his employment terminates within 60 days of a change in control . thus , mr . lay is entitled to three full years of payments , or $ 60 . 6 million .
mr . lay , who took charge of the then - houston natural gas co . in 1984 when it was a regional pipeline company , wasn ' t the only member of his family to benefit from enron ' s heady rise to a global energy giant . sec filings show that in recent years a sister of mr . lay , sharon lay , and a son , mark lay , received millions of dollars in salary , commissions and bonuses related to ms . lay ' s travel agency and a paper - products company connected to the younger mr . lay .
mr . palmer said it is a " cheap shot " to criticize the lay family because the pertinent transactions were reported in several annual proxy statements . " the contracts were bid out and fairly awarded , " mr . palmer said . ms . lay said her travel agency , of which she is president and half - owner , had won its enron business through competitive bidding and by providing " the very best service possible . " mark lay couldn ' t be reached for comment .
coming on top of disclosures of enron ' s dealings with partnerships run by its own executives , the relationships between lay family members and the company again raise questions about enron ' s willingness to keep separate corporate and personal interests . former chief financial officer andrew fastow and possibly other enron executives made millions of dollars from these partnerships .
mark lay ' s dealings with enron date back to 1994 , according to the available sec filings . in may 1997 , mark lay and " certain other individuals " who together had been officers , directors or shareholders of a company called paper & print management corp . , or ppmc , entered into employment agreements with an enron unit , enron capital & trade resources , according to enron ' s 1998 proxy statement . the individuals helped set up " a clearinghouse for the purchase and sale of finished paper products , " according to the sec filing . mr . palmer said this effort formed the rudiments of enron ' s profitable paper and pulp - trading business .
as part of the deal , enron agreed to reimburse ppmc $ 1 million for certain expenses . mark lay and his colleagues also agreed to " convey " to enron " certain intangible property rights " from ppmc .
mark lay also got a three - year employment contract from enron as a vice president of enron capital & trade . he got a signing bonus of $ 100 , 000 , a minimum monthly salary of $ 12 , 500 , a minimum annual bonus of $ 100 , 000 for 1997 - 1999 and an option to purchase 20 , 000 enron shares . mark lay is no longer with enron and is now attending a seminary , said mr . palmer .
since 1985 , sharon lay ' s firm , lay / wittenberg travel agency in the park inc . , has provided travel arrangements for employees of enron and its predecessor company . for this work the agency received $ 6 . 8 million from 1996 through 2000 . in an interview yesterday , ms . lay said enron accounted for more than half of her firm ' s revenue in some years . she said her brother ' s position was " more a problem " than an asset since it led some to assume she hadn ' t worked hard enough to get enron ' s business .
copyright ? 2000 dow jones & company , inc . all rights reserved .
inside track
enron ceo cut stakes in firms where he sits in director ' s seat
by cassell bryan - low
staff reporter of the wall street journal
11 / 14 / 2001
the wall street journal
cl 4
( copyright ( c ) 2001 , dow jones & company , inc . )
kenneth l . lay , enron corp . ' s embattled chairman and chief executive , in recent weeks has cashed in nearly $ 2 million of shares in companies at which he sits on the board .
mr . lay , 59 years , sold $ 1 . 2 million of shares , or more than a quarter of his holdings , of compaq computer corp . , where he has been a director for 14 years . in his first sale of the houston - based company ' s shares since 1999 , he disposed of 124 , 596 shares oct . 29 for $ 9 . 25 each , leaving him with a 340 , 724 share stake . apart from two directors who resigned , he is the only compaq insider to have sold shares this year .
the sale comes as the computer company awaits completion of its planned merger with hewlett - packard co . - - a deal the board has repeatedly said it supports . in a nov . 7 news release , the board , including mr . lay , said it " reaffirmed its strong support for the proposed merger . " a day earlier , h - p ' s founding hewlett family , which controls 5 % of h - p stock , said it intended to oppose the merger , throwing the deal ' s future into uncertainty . compaq shares traded at $ 8 . 80 , up $ 1 . 14 , as of 4 p . m . in new york stock exchange composite trading yesterday .
the sale , mr . lay said , wasn ' t related to his views on the merger . " it ' s no negative [ reflection ] on compaq , " he said . mr . lay , who also sold shares of drug maker eli lilly and it has disclosed a regulatory probe into its complex transactions with off - balance - sheet partnerships . shares have recovered some ground since friday ' s announcement by dynegy inc . , a rival houston independent power producer , of plans to acquire enron . shares of enron traded at $ 9 . 98 , up 74 cents , or 8 % , on the big board as of 4 p . m .
as previously reported , mr . lay sold $ 25 . 7 million of his enron shares this year , as the stock fell from about $ 78 to under $ 44 , and his remaining stake is valued at about $ 28 million . for 2000 , he earned a salary of $ 1 . 3 million , a bonus of $ 7 million , plus $ 7 . 5 million in enron restricted stock and other benefits , including use of a personal plane , according to enron ' s proxy statement .
mr . lay , who was enron ' s ceo from 1985 until february of this year , resumed the post after his successor , jeffrey skilling , stepped down in august after only six months on the job . at that time , mr . lay agreed to stay on through 2005 , but his employment agreement provides for a lump - sum payment under a change of control , such as the proposed merger with dynegy , according to a regulatory document filed yesterday . the deal is expected to close sometime next year , in which case mr . lay would be entitled to $ 60 . 6 million under his contract if he terminates his employment within 60 days of the merger . in addition , mr . lay is entitled to an amount for any related tax penalties if the payment was deemed to constitute an " excess parachute payment , " the filing said .
mr . lay also serves on the board of eott energy corp . - - the general partner of eott energy partners lp - - and newpower holdings co .
mr . lay also recently sold his stake in i 2 technologies inc . , according to his spokesman , following mr . lay ' s resignation from the board of that company oct . 25 after serving for a year . as of march 2001 , he owned 13 , 000 shares of the dallas business - software company , a stake that would have been valued at about $ 64 , 000 at the time he resigned .
- - -
robin sidel contributed to this article .
copyright ? 2000 dow jones section c
the markets : market place
enron chief will give up severance
by richard a . oppel jr . and floyd norris
11 / 14 / 2001
the new york times
page 1 , column 5
c . 2001 new york times company
trying to quell a furious reaction from employees outraged that he stood to profit from a merger with dynegy inc . , kenneth l . lay , the chairman and chief executive of the enron corporation , decided late yesterday to give up a severance package worth more than $ 60 million .
the tumult at enron ' s headquarters in houston began after the company disclosed in a securities filing earlier in the day that mr . lay was in line to collect $ 60 . 6 million in pay after the deal closed next year , $ 20 . 2 million for every full calendar year left in his employment contract .
mr . lay had been a popular leader as enron grew in the last 15 years from a pipeline operator into the nation ' s largest energy trader , a business largely of his invention . employees shared in the gains , though none gained as much as mr . lay , who has collected more than $ 300 million since 1989 , mostly through exercising stock options .
but the value of employees ' stock options and their 401 ( k ) accounts evaporated this fall as enron shares plummeted amid concerns over the company ' s accounting practices . and traders and other workers started the day yesterday gossiping angrily about mr . lay ' s severance package .
then , at an afternoon meeting of employees in the company ' s core natural gas and electricity trading operation , which provides by far the biggest part of enron ' s profits , ' ' quite a bit of concern was raised about the news people had been seeing about this change - of - control payment , ' ' mark palmer , an enron spokesman , said .
at about 4 p . m . central time , two senior executives who had attended the meeting , john lavorato and louise kitchen , told mr . lay about the reaction of employees . ' ' ken made a decision shortly thereafter that the best thing to do would be to waive the payment altogether , ' ' mr . palmer said . even if dynegy ' s directors later voted to award mr . lay a new severance agreement , he would turn it down , mr . palmer added .
' ' what ken said is that this is the absolute cleanest way to remove any doubts , that he was not going to profit as a result of this change of control , ' ' mr . palmer said . ' ' this issue was causing enough concern among employees that he wanted to deal with it . ' '
severance pay had been an awkward matter for mr . lay in the last week . the only reason that enron was being acquired - - putting the severance clauses in his employment contract into effect - - were the financial problems that have occurred on his watch . the company ' s shares have lost almost 90 percent of their value after peaking in the summer of 2000 .
during merger discussions last week , mr . lay told dynegy ' s chairman , charles l . watson , that he wanted to rework the severance package , mr . palmer said . on monday , mr . watson disclosed that mr . lay wanted much of the severance to be in the form of stock options .
by yesterday afternoon , enron officials were saying that mr . lay planned to take two - thirds of the severance in stock or other noncash compensation . and , they said , he wanted to give half of that amount , or one - third of his total package , to establish a charitable foundation to benefit enron employees .
it was about an hour later that enron said mr . lay would give up the severance entirely .
mr . lay has not decided whether to accept an invitation to be on the board of the combined company , which will be called dynegy .
the deal could still fall victim to antitrust objections or disclosures of further financial problems at enron .
whether mr . lay ' s gesture will placate enron ' s traders , who are now deluging other energy - trading companies with resumes , remains to be seen . dynegy is known as a much more conservative firm than enron , and analysts renewed their concerns yesterday about the cultural clash draining the talent , and value , from the combined company .
' ' so much of their top talent is going out the door , i don ' t know what dynegy gets , ' ' said a senior executive at another rival firm .
the stunning near - collapse of enron - - bankruptcy was only averted , some analysts say , by the dynegy acquisition - - closes a chapter on one of the most influential careers in the history of the energy business .
the ugly circumstances of enron ' s downfall , including the revelation that partnerships were used to move debt off the company ' s balance sheet and that enron overstated profits in the last five years by almost $ 600 million , have left mr . lay ' s reputation in tatters .
just months ago , mr . lay was widely hailed - - or decried , in some circles - - as the genius behind energy deregulation . his friend , george w . bush , had been elected president , and policies favored by enron were front and center in the administration ' s energy policy . mr . lay retired from day - to - day management , making plans to pursue new business interests .
but he again assumed the chief executive ' s post at enron in august , after the unexpected resignation of his handpicked successor , jeffrey k . skilling , and the accounting problems swiftly unfolded in the weeks that followed . on monday , mr . lay said he might revive the business plans he set aside during the summer , but he declined to say what those plans were .
even without the severance package , mr . lay has become enormously wealthy running enron .
all told , from 1989 through this year , mr . lay collected about $ 13 million in salary ( his exact salary for this year is not known ) and $ 26 . 8 million in cash bonuses . but those sums were dwarfed by the $ 266 . 7 million in profits that he received in selling stock .
the bulk of his income from exercising options came in the last four years : $ 13 . 1 million in 1998 , $ 43 . 9 million in 1999 , $ 123 . 4 million in 2000 and $ 20 . 7 million this year - - a year in which he sold stock by prearrangement on every trading day through july 31 , and then stopped , not wanting to appear to be selling as the stock price was declining .
the options he has cashed in recent years , as well as those he now owns , are badly out of the money at enron ' s current stock price of $ 9 . 98 , down from a peak reached in 2000 of $ 90 . 75 .
his bonus in 2000 was $ 7 million , an award that enron ' s board said was based on the company ' s rising profits and high shareholder return . the company restated those profits last week , explaining that it had improperly applied accounting rules . it said that about 40 percent of its profit in 2000 came from transactions with partnerships that were controlled by andrew s . fastow , who was then enron ' s chief financial officer .
the company ' s stock price , which was in free fall after questions about the fastow partnerships prompted an investigation by the securities and exchange commission , fell to $ 7 a share in the wake of the disclosures . that was the lowest price for the stock since 1991 . it rebounded to nearly $ 10 after dynegy agreed to acquire the company in a stock swap .
in january , enron ' s board awarded another bonus to mr . lay , of $ 3 . 6 million . that was based entirely on the company ' s shareholder return from 1997 through 2000 , which came to 294 percent , the company said . all of that return has since been wiped out .
also in january , mr . lay was awarded 106 , 578 shares of restricted stock , to vest periodically through 2004 . all the shares will now vest when the dynegy deal is completed , and while their value has plunged , the award is still worth more than $ 1 million .
still , mr . lay suffered huge paper losses this year .
at the end of 2000 , he had 5 . 1 million options that could have been exercised for profits of $ 257 . 5 million , and another 1 . 5 million options that would have been worth another $ 104 . 1 million when enough time had passed that they could be exercised - - assuming the share price stayed level . he exercised 565 , 928 of those options this year , making a profit of $ 20 . 7 million , but the ones he did not exercise are now under water .
photo : kenneth l . lay , the chief executive of enron , decided to give up his severance of more than $ 60 million after complaints from employees . ( associated press ) ( pg . cl 0 ) graph : ' ' paid to perform ' ' the compensation of kenneth l . lay , enron ' s chief executive , has risen and fallen with the performance of the company ' s stock . graph tracks mr . lay ' s income and enron ' s year end stock price since 1989 . ( pg . cl 0 )
copyright ? 2000 dow jones & company , inc . all rights reserved .
companies & finance the americas - regulators face new boundaries in enron deal .
by nancy dunne and peter spiegel .
11 / 14 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
regulators wading into the competitive landscape following dynegy ' s offer to buy enron will be scrutinising a new industry where traditional yardsticks like market definition and barriers to entry have yet to be determined . this will make gaining approval of the $ 10 bn deal an uncertain and complicated task , experts said .
dynegy and enron have insisted the merger , which will combine the largest energy trading company in the world with one of its largest competitors , will be approved by federal regulators without significant conditions or divestitures .
but competition lawyers said this week that because the market for energy trading is so new - indeed , it was all but created by enron in the 1990 s - that federal agencies will have to spend months finding out how rivals compete in order to develop guidelines to measure the merger ' s impact .
" we don ' t have any track record here , " said ernest gellhorn , an antitrust expert at george mason university .
the deal will be reviewed by state and federal agencies , but the most critical approvals will come from the federal energy regulatory commission ( ferc ) and us antitrust agencies .
central to the antitrust review will be how competition authorities define the market - how big it is , which companies are included as competitors , and how the market share is divided up .
former antitrust officials said enron might be forced to resort to a " failing firm " defence , which is occasionally used by companies with large market shares when attempting to add to their dominant position .
but robert mctamaney , an antitrust partner at carter ledyard & milburn , said the failing - firm route may be difficult for dynegy and enron to prove , since it requires a showing that without the merger , enron ' s trading business would exit the market completely .
helping the companies , however , is the relative ease with which competitors can enter the trading market , experts said .
an analysis of barriers will hinge on whether rivals can successfully argue that the level of expertise in the industry is so sophisticated - or that enron ' s trading technologies are so specialised - that it would be impossible for new entrants to duplicate the company ' s operations .
dynegy executives said they expect more scrutiny from ferc , though it rarely rejects mergers , and its guidelines put an emphasis on speed of reviews .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones & company , inc . all rights reserved .
front page - companies nov 14 , 2001
by sheila mcnulty and peter thal larsen
ken lay , the chairman and chief executive of enron , is set to turn down a dollars 60 . 6 m pay - off to which he was entitled following the troubled power group ' s takeover by dynegy .
mr lay , who oversaw enron ' s rapid rise and its subsequent collapse and sale to dynegy , was due the payment under an employment contract he extended when he resumed full control of the company in august 2001 .
however mr lay decided yesterday after meeting with some enron employees that he would turn down the payment .
" ken lay will not accept the dollars 60 m when he leaves , " an enron spokeswoman said . " he felt like it was not the right thing to do . "
according to a filing with the securities and exchange commission , mr lay is entitled to dollars 20 . 2 m in cash for every remaining year in his employment contract if he leaves enron within 60 days of the company being taken over .
mr lay ' s decision is in sharp contrast to other senior us executives who have negotiated - and accepted - " golden parachutes " which guarantee them large payments even if they oversaw large - scale destruction in shareholder value .
mr lay had previously come under fire from shareholders for selling some of his enron shareholding before the collapse in the company ' s stock price . between january and july this year , he sold enron shares with an estimated value of more than dollars 27 . 5 m .
at the close of trading yesterday enron was valued at dollars 7 . 5 bn , compared with a peak of dollars 65 . 9 bn in august last year .
the terms were part of mr lay ' s original employment contract , which had been due to expire in december 2003 . but in august , following the sudden departure of chief executive jeff skilling , enron ' s board extended mr lay ' s contract by two years .
at the time , the contract extension was seen as an attempt by mr lay to restore investor confidence in the company . but it also ensured he would receive an additional dollars 40 . 4 m if he left following a sale .
after the dollars 10 . 8 bn dynegy takeover , mr lay is expected to give up his executive responsibilities . he may join the combined group ' s board of directors but this will not affect his eligibility for a pay - off . the deal , which requires the approval of us competition authorities , is expected to be completed next year .
copyright : the financial times limited 1995 - 1998
business ; financial desk
enron chief relinquishes severance pay
jerry hirsch
times staff writer
11 / 14 / 2001
los angeles times
home edition
c - 1
copyright 2001 / the times mirror company
enron corp . chief executive kenneth l . lay on tuesday waived a severance payment of at least $ 60 million due him when dynegy inc . completes its expected acquisition of enron next year , company officials said .
the potential payment , disclosed in a securities and exchange commission regulatory filing tuesday , would undoubtedly have sparked additional controversy , given lay ' s primary role in the sharp fall of enron ' s stock and worsening financial condition , which led to the dynegy deal .
the payment would have been one of the biggest rewards for failure in corporate history , said graef crystal , a leading compensation expert .
the payment would have topped the nearly $ 40 million mattel inc . paid former chief executive jill barad after she was ousted in 2000 after spending $ 3 . 6 billion to purchase a money - losing software business the company eventually gave away to a technology group in return for a slice of future profit .
it would have been almost double the $ 35 million in severance collected by former xerox corp . chief executive richard thoman when he was fired in may 2000 after a disastrous reorganization of the copier company ' s sales force .
according to enron spokeswoman karen denne , lay spoke to a number of employees tuesday and " decided that the best course of action would be for him to waive his right to payment . "
" instead , " denne said , " the combined company would decide the best use of those funds . "
lay and enron have run into a storm of criticism in recent weeks after the disclosure of a series of partnerships and the dismissal of several top executives who invested in those ventures .
news of the partnerships and their losses forced the houston - based company to restate its earnings last week , reducing corporate profits over the last four years by $ 586 million , or about 20 % , to $ 2 . 3 billion .
shareholders have filed a series of lawsuits against enron , charging the company with failing to disclose key information about its operations and financial structure .
the negative disclosures sparked a cash crunch and threatened enron with collapse until it was saved by an agreement friday to be acquired by houston - based dynegy for $ 9 billion .
shareholders have watched the value of enron shares decline almost 90 % from a high of nearly $ 90 on aug . 23 , 2000 . its shares closed tuesday at $ 9 . 98 , up 74 cents , on the new york stock exchange .
ceo already reaped
$ 150 million in options
according to the regulatory filing , lay stood to collect $ 20 . 2 million a year , plus certain extraordinary tax expenses , for each of the full years remaining on his contract once the company was acquired .
if the dynegy deal is completed as expected next year , lay ' s payment would have totaled at least $ 60 . 6 million . his contract ends on dec . 31 , 2005 .
lay already reaped about $ 150 million in stock option gains the last two years alone . those gains were in part made possible by rosy enron profit statements , which the company restated downward last week , crystal said .
" it is a good move to waive the payment , " crystal said . " but that ' s just the down payment on what he should give back . there is probably another $ 100 million in option profits he should give back . had they correctly stated the books , the stock would not have risen as high and he would not have made as much from exercising his stock options in the company . "
a stock option gives the holder the right to purchase a share of a company at a predetermined price . options are a common executive pay incentive , allowing the individual to purchase and sell the shares , pocketing the gains in their appreciation . lay made $ 123 million off such transactions last year and $ 26 million this year , crystal said .
lay since 1989 has had a " change of control " clause that awards him a special payment if enron changes hands . the company described the clause as a standard part of executive employment agreements common to many companies .
some wall street analysts said the liability for the payment would be dynegy ' s problem at the point the merger is completed . enron shareholders already have suffered all the damage they are going to see .
" enron has clearly lost the vast majority of its shareholders over the last six months with its piecemeal disclosure , destruction of shareholder value and loss of credibility , " said andre meade of commerzbank securities in new york .
john sousa , a spokesman for dynegy , said the company was aware of the severance clause and had factored the expense into its acquisition , which " we believe is a very strong financial transaction " regardless of the potential payment to lay .
photo : enron ceo kenneth lay has run into a storm of criticism recently . ; ; photographer : associated press
copyright ? 2000 dow jones & company , inc . all rights reserved .
financial
enron ceo says no to $ 60 . 6 million
peter behr
washington post staff writer
11 / 14 / 2001
the washington post
final
eol
copyright 2001 , the washington post co . all rights reserved
kenneth lay , chairman and chief executive of enron corp . , decided yesterday to forgo an expected $ 60 . 6 million severance payment because of the impact of enron ' s plunging stock price on the company ' s employees , a spokesman said .
until yesterday , lay was preparing to accept the severance payout , which would be triggered at the completion of enron ' s purchase by rival houston energy company dynegy inc . , a deal announced on friday . enron faced a cash crisis after disclosing it has overstated its earnings by $ 586 million over the past four years because of improper accounting treatment of its investments in outside partnerships that were managed by its chief financial officer .
the severance package was reported yesterday by bloomberg news , which included a blistering comment by andrew whalley , manager of a trust that sold $ 5 million in enron stock in april because of concerns with enron ' s financial reports , bloomberg said .
whalley called the settlement " a ridiculous amount of money " to pay the chairman of a company that suffered " a textbook financial collapse , where he obviously had some knowledge of what was going on . "
enron spokesman karen denne said around midafternoon yesterday that lay intended to donate one - third of the severance to enron employees , keep one - third and use the remainder to pay taxes on the entire package . lay , who built enron into the world ' s largest energy trading company , was entitled to a payment of $ 20 . 2 million multiplied by each year remaining on his employment contract if it was terminated before it expires at the end of 2005 . the purchase by dynegy is expected to close in 2002 , assuming regulatory approvals are forthcoming , giving lay three years of payments . lay said last week that he will retire once the deal is done .
denne checked again with lay later in the afternoon and was told that he had decided not to accept any of the severance payment after a meeting yesterday with enron employees . " he realized this was extremely sensitive given the financial condition of enron employees , " denne said .
many enron employees hold the company ' s stock in savings and retirement plans , and the stock price has fallen from a high of $ 90 a share in august 2000 to a low of $ 8 . 41 last thursday .
enron ' s price has picked up since the purchase announcement , closing at $ 9 . 98 yesterday . dynegy has agreed to pay $ 23 billion for enron , about $ 10 billion of that in stock ( about $ 10 a share , when the deal was announced ) , while assuming enron debt for the rest .
lay ' s compensation was increased nearly threefold , to $ 18 . 3 million , last year , when the company ' s annual revenue reached $ 100 billion and its stock hit an all - time high .
lay realized a gain of $ 123 . 4 million from exercising stock options last year . he is entitled to purchase 782 , 830 shares of enron stock over the next seven years through stock options , according to a company filing , but those grants currently are worthless because of the collapse of enron ' s stock price .
http : / / www . washingtonpost . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron ' s lay sells shareholdings in other companies , wsj reports
2001 - 11 - 14 05 : 53 ( new york )
houston , nov . 14 ( bloomberg ) - - enron corp . chairman and
chief executive officer kenneth lay has been selling shares of
companies of which he is a board member , the wall street journal
said .
lay sold about $ 1 . 2 million , or more than 25 percent of his
interest , in compaq computer corp . , where he has been a director
for 14 years , the paper reported .
he also sold 16 percent of his stake , or about 10 , 000 shares ,
in drugmaker eli lilly mikhail gorbachev , former president of the soviet union ; and colin powell , u . s . secretary of state .
however , greenspan declined the cash and crystal sculpture that accompany the prize .
it ' s logical that greenspan talked about energy , considering the award is named for an energy trading company , the institute is researching energy supply and security issues , and the home of the institute is the world ' s energy capital .
" as we , as economic policymakers , understandably focus on the impact of the tragedy of sept . 11 and the further weakening of the economy that followed those events , it is essential that we do not lose sight of the policies needed to ensure long - term economic growth , " greenspan said .
" one of the most important objectives of those policies should be an assured availability of energy . that imperative has , if anything , been elevated by the heightened tensions in the middle east - - an area that harbors two - thirds of the world ' s proven oil reserves . "
greenspan reviewed the nation ' s experiences with seesawing energy prices and episodes of imbalances in supply and demand . he also discussed technologies to augment energy supplies , including coal mining , nuclear power and fusion power .
" energy issues present policymakers and citizens with difficult decisions and trade - offs to make outside the market process ; as always , national security and environmental concerns need to be addressed in setting policy , " greenspan said .
at the end of the speech , greenspan answered pre - selected written queries from the audience of students , faculty and invited guests . one questioner asked if the state of economy caused greenspan to second - guess his monetary policies .
greenspan rephrased the question as to whether or not he had made a mistake . after much rhetoric , he in effect said no .
" the notion that people have that monetary policy changes one little notch and the economy goes up , clearly has never been the case and is not the case today , " greenspan said .
the evening ended with james baker , former u . s . secretary of state and of the treasury , and ken lay , head of enron , presenting greenspan with the award .
rice university officials said it ' s premature to know whether the name of the enron prize will be changed if the sale of enron to dynegy is completed .
lay indicated the award would live on when he said , " i ' m looking forward to our first woman recipient . "
usa : enron ' s lay says no to hefty pay package .
by andrew kelly
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
houston , nov 13 ( reuters ) - enron corp chairman ken lay has turned down the chance to cash in on his company ' s financial troubles by refusing to accept a $ 60 million payment due him if a proposed buyout by power - trading rival dynegy inc goes through , a company spokeswoman said on tuesday .
he decided it was not right to take the money under the circumstances now confronting the company , enron spokeswoman anne denne said .
enron , the nation ' s top trader of gas and electricity , agreed on friday to be bought by the much - smaller dynegy in a stock swap worth about $ 9 billion after a controversy over questionable business deals had sapped its finances to the point of near - collapse .
" after having discussions with employees today he decided that this is the right thing to do and he ' s going to leave it up to the combined company to determine the best use of that money , " denne told reuters .
lay ' s contract , which runs through 2005 , calls for him to get $ 20 . 2 million for each full year left in his contract if enron is taken over by another company . enron and dynegy officials have said they expect to complete their merger by the third quarter of next year .
denne said the clause , which is known in corporate circles as a " golden parachute , " has been in his contract since 1989 and is a " standard provision " for chief executives .
denne said lay told enron employees of his decision in a company - wide e - mail .
enron has been under the gun from wall street since mid - october when it said shareholder equity had been cut $ 1 . 2 billion because of off - the - balance sheet deals with partnerships run by former chief financial officer andrew fastow .
the u . s . securities and exchange commission launched an investigation into the transactions , which sent enron ' s stock and credit ratings into a tailspin and drained its cash as trading partners refused to extend credit .
on friday , enron and dynegy said they had agreed to merge at what seemed a firesale price for enron , which last year had $ 100 billion in revenues and $ 1 billion in earnings .
also , on tuesday night , lay presented the enron prize for distinguished public service to federal reserve chairman alan greenspan in an event at rice university in houston . previous winners have included the likes of nelson mandela and mikhail gorbachev .
prior to accepting the award , greenspan told students that the most important thing for anyone in the business world was to be ethical .
" i don ' t deny that there is an extraordinary amount of activity in the business community which is less than exemplary . . . but the best chance you have of making a big success in this world is to decide from square one that you ' re going to do it ethically , " he said .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron chairman lay decides to forgo $ 60 . 6 million severance payment
11 / 14 / 2001
dow jones business news
( copyright ( c ) 2001 , dow jones & company , inc . )
enron corp . said its chairman , kenneth lay , has decided to forgo a severance payment of $ 60 . 6 million that could be triggered by dynegy inc . ' s planned acquisition of enron , wednesday ' s wall street journal reported .
mr . lay ' s decision capped a day in which he appears to have changed his mind on the matter at least twice .
early in the day , an enron filing with the securities and exchange commission laid out mr . lay ' s severance package . by midday , enron indicated that mr . lay would keep only one - third of the payout , which he would take in stock in the combined company , and that he intended to donate one - third to a foundation to help displaced enron employees . the remaining third would cover income - tax liabilities .
but by the end of the day , enron spokesman mark palmer said that mr . lay , following a meeting of enron energy traders , had decided against taking any of the severance pay . though mr . lay didn ' t attend the traders ' meeting , senior managers told him that " opinions were expressed that he shouldn ' t receive the payment , " mr . palmer said . " he decided the cleanest thing to do was to waive the payment . " the opinions of traders carry particular weight because they produce most of enron ' s profits . questions for mr . lay were directed to mr . palmer , who said he had spoken with mr . lay and other company officials during the day .
the initial disclosure about mr . lay ' s hefty severance payment raised new questions about his willingness to sell enron for a share price that was about a third of the market price of a month ago . last friday , mr . lay even said that enron had other options to the dynegy purchase , which might have allowed the energy company to remain independent , though he declined to elaborate . " things weren ' t desperate . . . we had alternatives , " mr . lay said . the 59 - year - old mr . lay won ' t have an executive position at the combined company , though he might be a director .
for the 12 months ended aug . 31 , mr . lay received about $ 70 million through the exercise of enron options , according to disclosure reports compiled by thomson financial . last year , mr . lay was paid $ 8 . 3 million in salary and bonus and more than $ 10 million in stock awards and other compensation .
enron ( ene ) , the nation ' s largest energy trader , saw its stock collapse in recent weeks following a series of disclosures about the company ' s extensive dealings with partnerships run by some of its own officers . those dealings are under investigation by the sec . friday , enron agreed to be acquired by the far smaller houston - based dynegy ( dyn ) for stock , currently valued at about $ 10 . 7 billion . the merger agreement still must be approved by regulators and shareholders of the two companies .
separately , the california public employees ' retirement system , which owns about three million enron and 500 , 000 dynegy shares , said it would oppose the appointment of any current enron board member to the board of a combined company . michael flaherman , chair of calpers investment committee said that it appeared that enron ' s board " failed in its responsibility " to monitor the activities of enron executives .
copyright ( c ) 2001 dow jones & company , inc .
all rights reserved .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron chairman says he won ' t take dlrs 60 million compensation package if dynegy deal closes
by kristen hays
associated press writer
11 / 14 / 2001
associated press newswires
copyright 2001 . the associated press . all rights reserved .
houston ( ap ) - enron corp . chairman ken lay turned down up to dlrs 60 . 6 million that he stood to receive once the nation ' s top buyer and seller of natural gas is merged into its smaller , but stronger rival dynegy inc .
" he has told the employees that he has given a lot of thought to this over the last few days and in light of the circumstances surrounding the company and after listening to the employees he has decided the best thing to do is waive his right to the payment , " enron spokesman vance meyer said .
lay decided it best to forego the enron compensation package after consulting with employees tuesday . he let those who work for him know of his decision via voicemail .
meyer said the compensation package was the only merger - related payment lay was eligible for from enron . a dynegy spokesman , john sousa , said the company was unsure if lay could receive a retirement package from them .
enron had a conference call scheduled for 1430 gmt .
dynegy ' s purchase of enron , worth at least dlrs 9 . 8 billion in stock , would trigger a clause in lay ' s contract that gives him a lump sum of dlrs 20 . 2 million for each full calendar year remaining in his contract if there is a change in control of enron , according to documents filed tuesday with the securities and exchange commission .
lay ' s contract with houston - based enron runs through 2005 .
dynegy executives have said they hope to complete their acquisition of enron by next summer . the houston - based energy marketer will assume dlrs 13 billion of enron debt . the enron name will vanish when the deal is completed .
investors continued to bid up both companies ' shares tuesday , in the second day of trading following announcement of the deal . dynegy shares rose dlrs 2 . 63 , or 6 percent , to close at dlrs 44 . 94 on the new york stock exchange , where enron shares rose 74 cents , or 8 percent , to close at dlrs 9 . 98 .
enron shares have gained 17 percent since thursday , the day before the merger was announced , but the shares are still a fraction of their 52 - week high of dlrs 84 . 87 .
dynegy entered talks to buy enron last month as the trading giant ' s stock price plunged about 80 percent in the weeks following enron ' s posting of a dlrs 618 million third quarter loss . the company also disclosed a dlrs 1 . 2 billion reduction in shareholder equity related to partnerships run by company officers , which allowed enron to keep about half a billion dollars in debt off its books .
those partnerships are now under investigation by the securities and exchange commission .
enron ousted 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 .
chuck watson , dynegy chairman and chief executive , will retain those roles for the combined company while lay steps down when the deal is done .
enron spokeswoman karen denne said tuesday the compensation provision given a merger or other change of control has been in lay ' s contract since 1989 . such protections are common for chief executive officers , she said .
in february , jeff skilling replaced lay as president and ceo of enron and lay retained his title as chairman . lay stepped back into the other roles when skilling unexpectedly resigned in august , citing personal reasons .
- - -
on the net :
http : / / www . enron . com
http : / / www . dynegy . com
ap photos htl 01 and htl 06
copyright ? 2000 dow jones & company , inc . all rights reserved .
nov . 14 , 2001
houston chronicle
enron ' s ceo to turn down $ 60 . 6 million severance pay
by laura goldberg
copyright 2001 houston chronicle
ken lay , enron corp . ' s chairman and chief executive , won ' t take the $ 60 . 6 million in severance he would be due after dynegy closes its deal to buy his troubled company .
lay made his decision tuesday after employees ' sentiments about the money were relayed to him , enron spokesman mark palmer said .
at a floor meeting tuesday for energy traders and marketers and back - office employees to discuss the merger , lay ' s severance " was a very active topic apparently , " palmer said , adding that " quite a bit of concern " was expressed .
documents on a variety of enron matters , including lay ' s severance , were filed with federal securities regulators tuesday morning .
under his employment contract , if lay ends his employment within 60 days of a so - called " change of control , " he gets a lump - sum payment equal to the number of full calendar years left in his employment contract times $ 20 . 2 million .
the merger was announced friday , but isn ' t expected to close for six to nine months . lay ' s contract runs through dec . 31 , 2005 .
palmer said a change - of - control clause had been in lay ' s contract since 1989 .
lay won ' t have a management role with the combined company to be called dynegy . he ' s been offered a seat on the new board , but hasn ' t decided whether to take it .
lay ' s contract was set to expire on dec . 31 , 2003 , but was extended in august after ceo jeff skilling unexpectedly resigned and lay jumped back into his former job as chief executive .
declining the money , palmer said , was the best way for lay to assure employees that he wouldn ' t profit from the severance provision .
last year , lay made $ 18 . 3 million from various forms of compensation , including a $ 7 million bonus , according to enron ' s march proxy statement .
he was also awarded options to buy 782 , 830 shares of enron stock at specified prices over a number of years . the options , though , are worthless at current enron stock prices .
this year through aug . 21 , lay made $ 25 . 5 million by exercising options and selling those shares , graef crystal , a compensation expert who writes a column for bloomberg news , said .
lay made an average of $ 31 . 5 million a year from 1993 to 2000 in various forms of compensation , including exercising options and selling the shares , crystal said .
dynegy on friday announced a deal to buy its rival for almost $ 9 billion in stock plus the assumption of almost $ 13 billion in debt and $ 2 billion in preferred stock .
the price came at bargain - basement rates for a company whose shares as recently as late january closed at $ 82 . tuesday , shares in enron closed at $ 9 . 98 .
among enron ' s woes : a securities and exchange commission investigation , questions on wall street about its financial reporting practices and shareholder lawsuits .
investors reacted negatively to word that lay could get $ 60 . 6 million .
" this is ridiculous after what has happened , " said donald coxe , who manages the harris insight equity fund , which at the end of last month owned about 78 , 000 shares of enron . " the idea that there would be a golden parachute for somebody who as a parachute captain sent his stockholders out of the plane without a parachute strikes me as pretty odd . "
even before tuesday , lay had other ideas for the severance .
early last week , palmer said lay proposed to chuck watson , dynegy ' s chairman and chief executive , that he get two - thirds of what he was due in a noncash payment , such as stock in the merged company .
with half of the noncash payment , lay wanted to set up a foundation to provide assistance to enron employees in need .
a significant portion of the rest , according to his plan , would have been cash to cover taxes .
dynegy declined immediate comment about lay ' s tuesday decision .
but carol coale , an analyst with prudential securities in houston , quipped : " that might stave off one shareholder lawsuit . "
bottom of form 1
nov . 14 , 2001 , 11 : 25 pm
houston chronicle
enron offers reasons for selling to dynegy
underperforming assets , heavy debt cited
by laura goldberg
copyright 2001 houston chronicle
among enron corp . ' s reasons for agreeing to be bought out by rival dynegy : underperforming assets were draining cash and earnings , and debt load was stretching the company .
that enron faced a loss of confidence from financial markets and departures of some senior executives also played into the decision , documents filed by enron on tuesday with federal securities regulators said .
before agreeing to a merger with dynegy , enron also considered staying independent , an infusion of private equity and an infusion from a strategic partner .
friday , the two companies announced dynegy would buy enron for almost $ 9 billion in stock plus the assumption of almost $ 13 billion in debt and $ 2 billion in preferred stock .
under the deal , enron shareholders get 0 . 2685 share of dynegy per enron share . the ratio is subject to " downward revision " under certain circumstances , the documents said .
also , chevrontexaco , a dynegy shareholder , gave dynegy $ 1 . 5 billion . dynegy on tuesday injected that money into enron , aiming to shore up its core energy trading operation .
in return for the money , dynegy gets preferred stock and other rights in enron ' s northern natural gas pipeline system . if the deal doesn ' t close , dynegy could buy all of northern natural gas , which includes about 17 , 000 miles of natural gas pipeline .
the filings say dynegy ' s right to buy northern natural gas is first subject to a right of enron to repurchase northern natural gas . if the merger should not close , dynegy , under certain circumstances , has the option instead to convert its stake in northern natural gas to enron stock .
also of note in the documents :
? enron will finish its second downtown office tower , now under construction , and will keep moving employees into the new building " at this time . "
? the merged company will assume the " rights and obligations " under enron ' s naming - rights deal for enron field .
enron also made filings with the securities and exchange commission concerning agreements announced nov . 1 to get $ 1 billion in credit lines from j . p . morgan chase & co . and citigroup .
the filing detailed a provision in those agreements that , based on enron ' s current credit rating , would have prevented it from tapping those lines . an enron spokesman said tuesday the banks have waived that provision .
also tuesday , enron said it named company executive raymond bowen jr . as treasurer to replace ben glisan , who was fired last week .
dynegy stock continued its upward movement tuesday , closing $ 2 . 63 higher at $ 46 . 94 .
bottom of form 1
report on business : international
enron chief may hit jackpot ceo ' s contract calls for a giant payout if control changes
kristen hays
associated press , bloomberg business news
11 / 14 / 2001
the globe and mail
metro
b 9
" all material copyright ( c ) bell globemedia publishing inc . and its licensors . all rights reserved . "
houston - - enron corp . chairman and chief executive officer kenneth lay stands to receive up to $ 60 . 6 - million ( u . s . ) once the top buyer and seller of natural gas in the united states is merged into its smaller , but stronger rival dynegy inc .
dynegy ' s purchase of enron , worth at least $ 9 . 8 - billion in stock , would trigger a clause in mr . lay ' s contract that gives him a lump sum of $ 20 . 2 - million for each full calendar year remaining in his contract if there is a change in control of enron , according to documents filed yesterday with the u . s . securities and exchange commission .
mr . lay ' s contract with houston - based enron runs through 2005 .
dynegy executives have said they hope to complete their acquisition of enron by next summer . the houston - based energy marketer will assume $ 13 - billion of enron debt . the enron name will vanish when the deal is completed .
" that ' s a ridiculous amount of money for a man who ' s already made himself probably tens of millions of dollars , " said andrew whalley , manager of the legg mason international utilities trust , which sold a $ 5 - million stake in enron in april because of concern about its bookkeeping .
" it ' s a classic golden parachute , " said raymond james analyst jon kyle cartwright , noting that it is comparable to financial safety nets in other top corporate contracts .
but shareholders might not appreciate the parachute given the once - mighty company ' s recent troubles , mr . cartwright said .
" that ' s a tough call , " he said . " it certainly would have been fair if you had been looking at enron up to a couple of months ago . following that it gets dicey , and i ' m not sure how shareholders are going to take it . "
investors continued to bid up both companies ' shares yesterday in the second day of trading following announcement of the deal . dynegy shares rose $ 2 . 63 , or 6 per cent , to close at $ 44 . 94 on the new york stock exchange , where enron shares rose 74 cents , or 8 per cent , to close at $ 9 . 98 .
enron shares have gained 17 per cent since thursday , the day before the merger was announced , but the shares are still a fraction of their 52 - week high of $ 84 . 87 .
dynegy entered talks to buy enron last month as the trading giant ' s stock price plunged about 80 per cent in the weeks following enron ' s posting of a $ 618 - million third - quarter loss . the company also disclosed a $ 1 . 2 - billion reduction in shareholder equity related to partnerships run by company officers , which allowed enron to keep about half a billion dollars in debt off its books .
those partnerships are now under investigation by the sec .
enron ousted 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 .
chuck watson , dynegy chairman and ceo , will retain those roles for the combined company while mr . lay steps down .
dynegy spokesman steve stengel declined comment yesterday on mr . lay ' s agreement with enron , noting that the companies will operate independently until the merger is finished .
enron spokeswoman karen denne said yesterday the compensation provision given a merger or other change of control has been in mr . lay ' s contract since 1989 .
in february , jeff skilling replaced mr . lay as president and ceo of enron and mr . lay retained his title as chairman . mr . lay stepped back into the other roles when mr . skilling unexpectedly resigned in august , citing personal reasons .
illustration
copyright ? 2000 dow jones & company , inc . all rights reserved .
city - enron chief in line for $ 60 m payout .
by andrew cave .
11 / 14 / 2001
the daily telegraph
p 38
( c ) telegraph group limited , london , 2001
associate city editor
kenneth lay , chairman and chief executive of enron , is in line for compensation of more than $ 60 m ( # 42 m ) if he leaves the us company following its $ 8 billion rescue by its smaller rival dynegy .
according to documents filed with america ' s securities & exchange commission , mr lay is entitled to receive a lump sum payment equal to $ 20 . 2 m for every year remaining on his contract . his contract expires at the end of 2005 , while dynegy ' s takeover of enron , announced on friday , is due to be completed in the third quarter of next year .
the contract was extended by two years in august , when he resumed chief executive duties following the departure of jeffrey skilling . it provides that , in addition to his compensation , he will receive an extra amount to cover tax penalties if the sum he gets is considered to be an " excess parachute payment " .
enron , once valued at $ 80 billion , has seen its shares lose 80 pc in the past three weeks after announcing a $ 586 m loss , an equity write - down and a regulatory inquiry into off balance sheet dealings .
copyright ? 2000 dow jones & company , inc . all rights reserved .
mark to market : retail sales to surge on free money
by jim murphy
11 / 14 / 2001
capital markets report
( copyright ( c ) 2001 , dow jones & company , inc . )
a dow jones newswires column
new york - ( dow jones ) - professionals and amateurs alike agree that at 8 : 30 a . m . est the commerce department will report that u . s . retail sales rose in october .
some observers believe that retail sales not only rose last month , but that they surged - 5 . 5 % being the top of the forecast range .
all again agree that the main stimulant was the zero - percent financing offered by the major automakers .
in september , sadness and other negative emotions engendered by the events of 9 / 11 helped to fashion a 2 . 4 % drop in overall retail sales and a 1 . 6 % decline when auto sales were excluded .
the dow jones newswires median forecast of 21 economists has it that overall retail sales rose 2 . 5 % in october , while they were ahead only 0 . 4 % when auto sales were excluded .
while it is difficult to believe that any market will move lower in response to a notable improvement in retail sales , the most compelling ways in which the report can be " spun " are all negative .
a few examples . the october increase will be from a depressed september level .
yes , october retail sales were goosed by zero - percent financing , but november won ' t get such a lift even though the zero - percent sales campaign isn ' t over yet .
that ' s because even if " free " money lured me out of my shell and into the showroom in october , it will have no effect on me in november or in december . i already bought a new car . unless i ' m a rich collector , that ' s it for at least year or two .
the more metaphysical of commentators will also note that many october car sales spurred by zero - percent financing were " in a very real sense " stolen from subsequent months . without " free " money , i might , for example , have waited until april of 2002 before buying a new car .
then , too , there is the cost to the automakers of the zero - interest loans . gm ' s general motors acceptance corp . , which finances the parent ' s cars , will remain a profit center , but it won ' t be from auto loans made in october .
i ' ll leave the summing to a professional ( because i agree with him ) .
" retail sales probably reversed the plunge in september , although mainly because of a spike in autos that is unlikely to be sustained for more than one month , " said jim o ' sullivan , economist at ubs warburg .
vienna meeting overshadowed
oil ministers of the organization of petroleum exporting ministers began meeting today in vienna .
most oil traders are looking for them to cut daily output by around 1 . 5 million barrels . but who ever really knows with opec , which i have cleverly punned , more than once , into opaque .
besides there ' s a war going on in afghanistan and oil - rich iraq may be next - and who knows but that the house of saud won ' t be toppled by islamic fundamentalists . to name but a few topics that are more compelling than a periodic quota buck - and - wing by opec .
would you believe the enron award ?
i told you in tuesday ' s mornings m 2 m that i failed after searching for an hour to find out what fed chairman greenspan was doing at rice university tuesday evening .
wouldn ' t you just know it ? i found out this morning what mr . greenspan was doing in a dispatch from the associated press . he went to rice to receive the enron prize for distinguished public service from the university ' s baker institute for public policy . enron will be taken over by dynegy inc . so this will probably be the final enron award , and no i ' m not going to avail myself of a handy invitation to irony .
mr . greenspan had some things of interest to say to the folks at rice , but none that we haven ' t heard from him before . such as , " . . . there is no evidence that we have , in this process of events since march of the year 2000 , significantly altered the long - term underlying structure of productivity growth . "
with all due respect , al , productivity growth is not likely to be exponential as in a nuclear reaction , but appears tied to earth by the law of diminishing returns .
the big guy is on the stump again today .
mr . greenspan gives the keynote address at an " economic forum " in washington d . c . sponsored by the board of directors of the u . s . chamber of commerce .
dow jones newswires says the speech begins at 3 : 00 p . m . est . that ' s our story and we ' re sticking to it .
another major wire service says , depending on which calendar or story you look at , that the speech begins at both 3 : 00 p . m . and 3 : 15 p . m . in this business , mistakes are made .
anyhow , no big deal . if you might need to hear what the big guy might say just begin paying attention at 3 : 00 p . m .
universal point of view
bob , my e - mail buddy in british columbia , writes : " the two most common elements in the known universe are hydrogen and human stupidity . " bob , are you sure about hydrogen ?
( jim murphy can be reached at ( 201 ) 938 - 2145 or by e - mail at jim . murphy @ dowjones . com )
copyright ? 2000 dow jones source : world reporter ( tm )
you move a step forward and you are a sucker , you move a step backward and you are a sucker still . that just about sums up indias predicament in trying to get one - time us energy trading giant enron off its back and off the 2 , 100 mw dabhol power plant for some time now .
for the past fortnight or so , the institutions have been bargaining hard to find a buyer for enrons assets in maharashtra , having committed over rs 6 , 200 crore in loans . last weekend , they even went into a huddle in singapore to sew up the loose ends of a bail - out .
little seems to have been thrashed out so far . little possibly will . unless , of course , the fis tighten the screws with a take - it or leave - it offer . the time to make that choice is now .
a gentleman in pin - stripes whos done a lot of running around these past few weeks to help sew up the deal , told me the other day that enron had indeed agreed to part with its stake in dpc at a 30 per cent discount .
that would have fetched it just about $ 800 - odd million spread over a five - year period . so , why hasnt a deal been struck ?
its probably not worked out because of what enron considers a fair discount on what it has sunk into the project . prospective buyers consider this too high an asking price .
for the record , enron claims to have sunk in $ 1 . 2 billion in the project together with its partners ge and bechtel who have supplied equipment and helped construct the plant .
but my gentleman friend in pin - stripes suggests that $ 1 . 2 billion isnt exactly their equity contribution in dabhol . that amount works out to just about $ 800 million .
enron , actually splurged close to $ 200 million on development expenses , which in gentlemens lingo is another way of saying that the energy giant could have ended up bribing its way to see the once coveted project through besides fighting sundry court cases in india .
and it wants part of that money back . now which prospective buyer will compensate enron for possible bribes or for making court appearances ?
enron , it appears , has also claimed another $ 140 million as its share of dabhols retained earnings , which should eventually go to all stake - holders in dpc ( the mseb included ) once the companys board passes a resolution that the amount is shared proportionately among all those who have invested in dabhols equity capital . till then , leave the retained earnings aside .
so , what enron should work on is a fair discount on its equity contribution in the project , which is no more than $ 800 million . now given its willingness to take a 30 per cent knock , enron should not expect more than $ 560 million as the asking price for walking out of dabhol .
add to that , if you will , another $ 140 million by way of retained earnings and enron should not be getting more than $ 700 million at the most . is enron willing to take this knock ?
given a choice , it could resist this offer . but enron has no choice . and thats reason for cheer . last week , enron , close to the present american dispensation ( chairman ken lay was the biggest fund - raiser for president george bushs campaign effort last year ) opted for a $ 7 . 8 billion rescue offer from smaller houston rival dynegy after narrowly escaping credit ratings cut to junk status .
for the past several months enron had been using its clout with mr bush to push through a bail - out package on dabhol that suited its terms . that privilege now seems to be gone as the company grapples to stave off a securities exchange commission inquiry into off - balancesheet transactions .
and until enron clears several questions back home about its finances , it will remain suspect in the eyes of us investors .
in india , where enrons made more news for its misses than its hits , the timing couldnt have been more opportune than now for prospective private bidders to strike a potentially lucrative deal .
two such bidders , tata power and bses , are said to have offered no more than $ 400 million to buy out enrons stake in dpc . its time they stuck to that price . or else , we could still end up being suckers . what ?
copyright ? 2000 dow jones now dynegy must make it work
david greising
11 / 14 / 2001
chicago tribune
north sports final ; n
1
( copyright 2001 by the chicago tribune )
when three top enron corp . executives proposed a merger to one of his lieutenants two weeks ago , no one needed to tell chuck watson that enron was desperate .
the founder and chairman of dynegy inc . is a wily old energy trader . he can smell desperate two oil fields away . or three city blocks away , as was the case between these houston rivals .
a liquidity crisis threatened to reduce enron ' s credit rating to junk status . wall street analysts were hostile after disclosures about conflicts of interest and huge losses on outside trading partnerships . investors had fled .
when the approach came , watson didn ' t jump . he sat . he sent word to have enron chief executive kenneth lay call him if the offer was serious .
a nice negotiating move , for sure . watson put the seller at a minor tactical disadvantage . but watson adds a kindlier spin : he didn ' t want to appear to be pouncing on enron ' s troubles .
two weeks of negotiations and demi - due - diligence later , watson and lay had their deal . dynegy would buy enron , a company three times its size , in a $ 24 billion deal .
watson takes satisfaction that dynegy , the company that was always smaller and stodgier than enron , became the buyer . most of his career , watson has operated in enron ' s shadow .
the two companies were formed the same year , 1985 . after 15 years at conoco , watson persuaded morgan stanley to give him a line of credit to form a small energy trading company . lay , meanwhile , engineered the merger of houston natural gas and internorth of omaha .
" ken put two pipelines together to make that company . i had six people and a smile , " watson told me during the chicago stop of an east coast - to - texas barnstorming to sell the deal to investors .
enron was always the bigger glamor play . lay ' s move from a base of trading natural gas and electric power into the engineering of exotic financial deals in areas as diverse as communications bandwidth , paper , steel and media won a huge wall street following and doubled enron ' s stock price last year , to above $ 80 a share .
dynegy by contrast seemed downright dull . though it dabbled in broadband communications , dynegy stuck mainly to the business of generating , trading and delivering gas and electricity . though dynegy ' s stock price nearly quadrupled last year to $ 59 , dynegy never turned heads the way enron did .
today , enron has no friends left . the messy breakdown of enron ' s trades with outside partnerships has forced it into dynegy ' s embrace . watson thinks wall street went hard on enron because of the company ' s high - handed manner when it was on top . " if you have that personality and things go wrong , i mean , everybody ' s going to take your legs off , " watson says .
this would be a tidy tortoise - and - hare tale except for one thing : enron ' s problems are such a mess , they could make for rough going at dynegy , too .
watson thinks he has protected himself . he can walk from the deal if enron ' s legal entanglements exceed $ 3 . 5 billion . if , on the other hand , enron ' s problems don ' t get worse and other bidders emerge , he gets a healthy $ 350 million break - up fee and ownership of a key enron pipeline .
that ' s better than nothing . but it ' s hardly a failsafe . some enron trades with the outside partnerships don ' t unwind for years , so problems might not emerge until after dynegy has closed its deal .
there are more mainstream challenges , too .
roughly half of enron ' s operating profits last year came from off - balance sheet transactions watson wants to eliminate . replacing that won ' t be easy . and watson needs to handle at least $ 14 billion in enron debt .
enron ' s high rollers might not fit into dynegy ' s careful culture . watson ' s team also must stretch to run a company that , even with divestitures , will jump to at least three times dynegy ' s current size .
watson ' s personality can be aw - shucks disarming . born at great lakes naval air station in illinois , the son of a navy officer , he lived in 22 places before he graduated high school . now , if he closes the deal , he ' ll be running one of the country ' s largest companies .
no one would get a kick from taking watson down a notch . but that hardly means investors won ' t knock him if he can ' t make the enron deal work .
copyright ? 2000 dow jones ceo says enron errors not illegal
melita marie garza , tribune staff reporter
11 / 14 / 2001
chicago tribune
north sports final ; n
1
( copyright 2001 by the chicago tribune )
the downfall of energy - trading titan enron corp . was the result of " bad business practices " rather than illegal activity , says chuck watson , chief executive of dynegy inc . , the company acquiring enron in a deal valued at $ 24 billion .
" i ' m not persuaded that you ' ll find anything illegal , " watson said tuesday , commenting on the securities and exchange commission ' s probe into enron ' s off - balance sheet transactions in energy partnerships .
watson ' s comments came as enron , in a filing with the sec , disclosed that kenneth lay , the company ' s chairman and chief executive , could walk away with a golden parachute worth more than $ 80 million if the merger succeeds . under terms of a pre - existing employment contract , lay would receive $ 20 . 2 million a year for each full year outstanding on his contract if control of enron changes hands during his employment .
at the same time , enron issued a letter to employees warning that the deal with dynegy was likely to result in workforce reductions at enron . " as with any merger , " the letter said , " some elimination of positions is almost inevitable . "
enron , the nation ' s largest trader of natural gas and electricity , has seen its stock price collapse in recent weeks largely because of soured transactions with energy partnerships run by one of its former executives and additional revelations about questionable accounting practices at enron .
power - trading rival dynegy , owner of downstate utility illinois power , moved last week to acquire its hobbled competitor , agreeing to pay the equivalent of about $ 10 a share for a company that as recently as last january traded above $ 80 a share .
in a wide - ranging interview , watson criticized the practice at dynegy of permitting enron executives to sit on the partnership boards and profit from them . " you don ' t let that happen , " watson said . " it would never have gotten by me . "
watson sees the distinction between illegal conduct and bad judgment at enron as significant because the absence of illegality would minimize grounds for shareholder lawsuits .
dynegy has said the merger is contingent on litigation costs over enron ' s problems staying under $ 3 . 5 billion . " i don ' t think it ' s going to be anywhere near that level , " watson said .
enron ' s misfortunes , watson said , paved the way for dynegy ' s opportunity . " this is all about brand , " he said . " they lost credibility and investor confidence . "
dynegy ' s takeover of its higher - profile rival is a coup for dynegy , which has been viewed by some as an " enron wannabe . " but watson brushed off the description . " that ' s actually not true , " watson said . " it ' s clearly not true now . "
watson asserted that nothing had gone wrong with enron ' s core businesses . that fact , he said , had been lost - - by investors and potential enron suitors - - in the controversy surrounding the off - balance sheet transactions .
" maybe the tires fell off the car and the paint was chipped , but the engine was still strong , " watson said , referring to enron ' s core businesses .
in an apparent conundrum , dynegy ' s bid for enron at what is viewed as a bargain basement price has not brought any other companies to the bargaining table . enron ' s problems reportedly scared off some prospective bidders , such as warren buffett ' s berkshire hathaway .
watson argued that dynegy was uniquely positioned to pursue the enron deal , in large part because the rivals had extensive business dealings together .
" it took our guys days - - not months - - to do due diligence , " watson said . " we were right there in town . it was the time factor , the knowledge that we had of the industry and the business . "
for example , watson said shell oil co . , another company thought to have an interest in acquiring enron , would not have had the background to move as quickly as dynegy had in putting together the merger .
while saying that he had respect for the regulatory approval process , watson reiterated his belief that the merger posed no antitrust concerns . " we don ' t have a pipeline business , they do , " watson said . " they don ' t have a generation business , we do . "
photo ; caption : photo : dynegy ceo chuck watson discusses his company ' s purchase of troubled energy rival enron in chicago tuesday . tribune photo by david klobucar .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : update 1 - calpers calls on enron board to step aside in merger .
11 / 13 / 2001
reuters english news service
( c ) reuters limited 2001 .
pasadena , calif . , nov 13 ( reuters ) - the largest u . s . pension fund said on tuesday the board of energy trader enron corp should step aside if the company moves forward with its plans to be bought by dynegy inc
the california public employees retirement system ( calpers ) said it would oppose any efforts by enron to place its current board members on the new board of a company resulting from the proposed $ 9 billion stock - swap merger announced on friday .
calpers owns about 3 million enron shares , or about 0 . 4 percent of all shares outstanding . however , the public pension fund is widely watched for its stances on corporate governance .
the merger would value houston - based enron at a fraction of what it was worth a year ago . the shares have lost 89 percent of their value over the past 52 weeks .
a spokesman from calpers and a spokeswoman from enron could not be reached for comment .
in declaring its position on the merger , calpers cited reports that enron was seeking the right to appoint three of its current board members to the combined company ' s board .
enron in recent weeks has reshuffled its management in response to a u . s . regulatory probe into murky financial transactions . the company has said that former chief financial officer andrew fastow , who abruptly left the company last month , had made $ 30 million managing limited partnerships that conducted outside transactions with enron .
" there have been serious allegations of self - dealing on the part of enron ' s senior management , " michael flaherman , chair of calpers investment committee , said after a meeting of the pension ' s administrative board . " and it appears that enron ' s board may have failed in its responsibility to monitor the activities of enron ' s corporate officers . "
" until all of these issues are sorted out , " he continued , " the interests of shareholders are best served by retiring all of the current directors from involvement in enron ' s successor entities . "
california state officials and enron clashed last year over the state ' s power crisis , which triggered the bankruptcy of california ' s largest utility pacific gas & electric , a unit of san francisco - based pg & e corp
california gov . gray davis and others blasted enron and other state power companies , accusing them of manipulating the market and jacking up prices .
enron is by far the largest trader of electricity and natural gas in the united states , with analysts estimating it is involved in some 25 percent of the daily trades in those markets .
calpers said it also has a stake in houston - based dynegy but it did not provide details on that investment .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron ceo helps present greenspan award
11 / 13 / 2001
associated press newswires
copyright 2001 . the associated press . all rights reserved .
houston ( ap ) - maybe they ' ll call it the dynegy prize next time .
federal reserve chairman alan greenspan was in houston on tuesday night to pick up the enron prize for distinguished public service , an award named for the teetering energy company that is being bought by rival dynegy inc . for about $ 9 billion .
at one point greenspan expounded on the values of ethicism to the rice university crowd while ken lay , whose company has been blasted on wall street for concealing transactions with entities run by the company ' s chief financial officer , looked on .
" my experience is that it really works to be as ethical as possible as one knows and to define one ' s values in a very succinct and important way , " greenspan said when asked by a pending college graduate about venturing into the work world .
lay , in his first major public appearance since the merger announcement , was met with warm applause and made some brief congratulatory remarks .
no mention was made of enron ' s current woes or lay ' s decision earlier in the day to waive about $ 60 million he would be due as the merger closes .
past winners of the enron prize , awarded by the baker institute for public policy at rice , include colin powell , nelson mandela and mikhail gorbachev .
copyright ? 2000 dow jones & company , inc . all rights reserved .
calpers opposes enron board members ' appt to dynegy board
11 / 13 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones 310 - 962 - 2843 ; jessica . berthold @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
jesse jackson asks energy companies to hire more minorities
11 / 13 / 2001
dow jones business news
( copyright ( c ) 2001 , dow jones & company , inc . )
associated press
houston - - the energy industry has an untapped resource in minorities who traditionally have been overlooked by big business , including the energy sector , the rev . jesse jackson said tuesday .
mr . jackson has been in houston - - dubbed the nation ' s energy capital - - for two days , bringing together more than 700 representatives of minority - owned businesses with those running some of the nation ' s largest energy companies at his inaugural wall street project energy summit .
" we do not have a talent shortage , " mr . jackson told the minority business owners who sat in on a discussion with representatives from enron corp . ( ene ) , dynegy inc . ( dyn ) and shell oil co . ( rd ) . " we have an opportunity shortage . "
mr . jackson , speaking at a hotel just down the street from the headquarters of troubled enron , said now was the time for minorities to make their presence known with the proposed dynegy purchase of enron , its larger rival . he said spinoff companies and other opportunities created by the proposed merger , as well as deregulation of the texas energy market , offer possibilities for those who possess knowledge of the changing industry .
" the question is not ' can we produce ? ' the question is ' can they see our capacity to produce , ' " mr . jackson said . " we are a knowledgeable people . we have a low profile , but we have a place in the industry . "
energy company representatives agreed . the question for them , however , was how to change what has become business as usual , they said .
" most ceos who do business in corporate america are comfortable with who they do business with , " said milton scott , dynegy ' s chief administrative officer and senior vice president . " many of them are not inherently racist . "
" i would call it racism 10 years ago , " mr . jackson replied . " today i would call it cultural blindness and part of our job is to take the patch off their eye . "
gaurdie bannister , shell oil ' s vice president of business development , said there are a number of individuals in large companies who are willing to " break eggs " with minority - owned businesses but often run into roadblocks because those companies are unable to cushion a large risk that would be taken , for example , in an offshore project .
" if you are not big and you don ' t have the capital to take that risk with me , i can ' t use you , " he said .
mr . scott said a way for smaller minority - owned businesses to get around such obstacles and get the big contracts is to combine their strengths .
" join forces , " he said . " set your egos aside and you are going to have a lot more success because then you take away some of the risk . "
reducing risk isn ' t the goal , mr . jackson said . instead , it ' s a level playing field for everyone .
copyright ( c ) 2001 dow jones & company , inc .
all rights reserved
copyright ? 2000 dow jones & company , inc . all rights reserved .
calpers speaks out on enron
11 / 13 / 2001
business wire
( copyright ( c ) 2001 , business wire )
pasadena , calif . - - ( business wire ) - - nov . 13 , 2001 - - the california public employees ' retirement system ' s board of administration was briefed today about enron ' s financial condition and recent disclosures of potential management conflicts of interest .
at the end of the meeting , the board announced its intention to oppose the appointment of any current enron board member to the board of any company with which enron might be contemplating a merger . recent press reports have suggested that enron may be considering a merger with houston , texas - based dynegy , and as part of that merger , is seeking the right to appoint three members to the combined company board .
" there have been seriously allegations of self - dealing on the part of enron ' s senior management , " said michael flaherman , chair of calpers investment committee . " and it appears that enron ' s board may have failed in its responsibility to monitor the activities of enron ' s corporate officers . until all of these issues are sorted out , the interests of shareholders are best served by retiring all of the current directors from involvement in enron ' s successor entities . "
calpers owns approximately 3 million shares of enron and is also invested in dynegy .
contact : calpers office of public affairs brad pacheco / pat macht , 916 / 326 - 3991
21 : 11 est november 13 , 2001
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron names raymond bowen treasurer
11 / 13 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones dow jones newswires ; 201 - 938 - 5400
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron names raymond bowen treasurer .
11 / 13 / 2001
reuters english news service
( c ) reuters limited 2001 .
houston , nov 13 ( reuters ) - enron corp . , which in recent weeks has reshuffled its management in response to a u . s . regulatory probe into murky transactions , said on tuesday it named raymond bowen treasurer and vice - president of finance .
the troubled energy trader said bowen previously served as both chief operating officer of enron industrial markets and treasurer of enron capital & trade resources .
houston - based enron has shed almost $ 20 billion in market value in the past month and has sufferend a series of credit rating downgrades as a result of the probe . on friday , smaller rival dynegy inc . said it would buy out the beleaguered company for about $ 9 billion .
enron shares rose 75 cents to close at $ 9 . 99 tuesday on the new york stock exchange .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron earnings restatement a sign of deceit - suits .
by david howard sinkman
11 / 13 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 13 ( reuters ) - lawyers filing lawsuits against enron corp . on tuesday said the restatement last week of more than four years of earnings is a clear sign the energy trader and its chief executives misled investors .
at least 10 law firms are seeking class action status on behalf of plaintiffs they said were deceived by false and misleading statements or because adverse information was concealed , causing enron ' s shares to be artificially inflated .
" enron restating its earnings is certainly going to help our case . it demonstrates that in their opinion their earnings were false when initially published , " said lawyer arthur stock of berger & montague pc in philadelphia , one of the law firms seeking class - action status .
enron declined to comment .
the lawsuits name the company , chairman and chief executive kenneth lay , former ceo jeffrey skilling and andrew fastow , a former chief financial officer , as defendants .
in another blow to its damaged reputation among investors , the houston - based company last week admitted it erred in reporting past results . it reduced its earnings from 1997 to 2000 by $ 591 million , or 22 percent of the amount that had previously been released on its financial statements . earnings for the first two quarters of 2001 also were restated .
enron has garnered investor ire since it unexpectedly reduced shareholder equity by $ 1 . 2 billion in mid - october , saying off - balance sheet transactions had contributed to that and to $ 1 billion in charges .
the company ' s stock plunged as almost daily developments sullied investors . it lost almost 80 percent of value from the day the company reported its first quarterly loss in more than four years on oct . 16 , to the announcement last week that rival dynegy inc . would buy enron for about $ 9 billion in stock and the assumption of about $ 13 billion in debt .
enron shares closed tuesday 75 cents higher at $ 9 . 99 on the new york stock exchange , far off its august 2000 high of $ 90 . 56 .
increased time frame
in the latest lawsuit to be filed against enron since it was rocked by a u . s . regulatory probe in october , the law firm of cauley geller bowman & coates said misrepresentations and omissions by the defendants violated their duty to release accurate and truthful information on the company ' s finances .
" each of the defendants is liable as a participant in a fraudulent scheme and course of business that operated as a fraud or deceit on purchasers of enron common stock by disseminating materially false and misleading statements , " said cauley geller in a lawsuit filed in texarkana , texas .
the suit was filed nov . 9 , the day after the restated earnings were released , in the u . s . district court for the eastern district of texas .
prior to the restatement of results , prompted by concerns raised by the u . s . securities and exchange commission , the lawsuits filed against enron were on the behalf of shareholders who bought common stock between jan . 18 , 2000 and oct . 17 .
however , since enron restated its results , cauley geller increased the time frame , or " class period " on behalf of investors who bought enron stock , from jan . 18 , 1999 to nov . 8 .
" the effect of the restatement was dramatic , " said cauley geller . " enron insiders disposed of over $ 73 million of their personally held enron common stock to unsuspecting investors . "
cauley geller said selling of enron stock by key executives was " unusual and suspicious given its timing . " lay sold $ 11 . 2 million worth of shares during the period , and skilling sold $ 6 . 41 million in stock , the law firm said .
" people who have lost hundreds of thousands of dollars are naturally angry , stock said . " it is expected in this type of situation . "
in a filing with the sec on tuesday , it was reported lay could walk away with more than $ 80 million if the acquisiton by dnyegy closes this year .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : s & p says dynegy deal saves enron from junk rating .
by nancy leinfuss
11 / 13 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 13 ( reuters ) - enron corp . , teetering on the brink of junk status , got a reprieve late friday when standard & poor ' s cut the troubled energy trading company ' s credit ratings but stopped a notch short of the speculative - grade category , after news of its potential acquisition by dynegy inc .
" the way to look at the dynegy transaction is it really in a sense maintains the investment - grade quality to enron ' s credit rating , " said todd shipman , analyst at s & p . " it ' s safe to say that absent a dynegy deal , enron was quite likely to end up non - investment - grade quality because of what had happened , " shipman said .
enron , the nation ' s largest energy trader , has been struggling to overcome a plummeting stock price and falling credit ratings in the past month following disclosures of off - balance sheet deals now under investigation by the u . s . securities and exchange commission for possible conflict of interest .
s & p lowered its long - term corporate credit rating on enron to bbb - minus from bbb , its lowest investment - grade rating . a cut below that , to junk , would make it tougher for enron to issue debt and run its day - to - day business .
the rating agency also placed the ratings of dynegy on creditwatch negative after the energy provider said it had agreed to acquire enron for about $ 9 . 5 billion .
terms of the dynegy transaction call for dynegy to swap 0 . 2685 shares of its own stock for each enron share , the companies said . that would value houston - based enron at $ 10 . 41 per share , including convertible stock , a premium of about 21 percent over friday ' s closing price of $ 8 . 63 .
the takeover announcement halted a free - fall in enron ' s stock , which has lost about 75 percent of its market capitalization in the past month . on tuesday , , enron shares closed at $ 9 . 99 , up $ 0 . 75 cents , or 8 . 12 percent , on the new york stock exchange .
enron ' s debt , which has been trading at levels associated with higher - risk junk bonds , moved higher on the news . the company ' s 7 . 875 percent notes due 2003 were traded at 92 cents on the dollar , up from the mid - 80 ' s range last week , traders said .
industry experts said the most critical component of the deal was an immediate cash infusion by dynegy shareholder chevrontexaco into enron .
chevrontexaco , which owns a 27 percent stake in dynegy , has agreed to infuse $ 1 . 5 billion immediately into enron to support it until the deal closes . it would inject another $ 1 billion into the merged company once the deal closes .
" that was an important part of that whole deal , not just dynegy coming in and offering money to buy enron out , but also providing that up - front liquidity to protect the value of enron ' s trading business , which is really the crown jewel , so to speak , that dynegy is interested in , " said shipman .
s & p said dynegy ' s corporate credit rating is likely to remain within the bbb category , as a result of its purchase of enron , " we saw an investment - grade company , within a range of bbb - plus to bbb . " said shipman . " if things go as planned , dynegy would keep its credit rating . "
s & p said it will continue to monitor the planned acquisition by dynegy of enron and warned that a downgrade to junk status for enron would be likely if the transaction is not completed .
" the main thing we ' ll be monitoring at this point is enron ' s liquidity and the value of its trading franchise , because that ' s really what dynegy is interested in , " said shipman .
" if there were to be an effect on enron ' s trading business that would be significant enough to reduce dynegy ' s interest in enron , that would raise the possibility that the merger would not be completed , then the possibility of downgrade would be very strong for enron , " shipman said .
moody ' s investors service , another major u . s . rating agency , could not immediately be reached for comment on any potential rating actions after news of enron ' s buyout by dynegy . moody ' s rates enron debt in line with s & p , at " baa 3 , " its lowest investment - grade rating .
enron , with $ 100 billion in revenues and $ 1 billion in profits last year , is fifth on fortune 500 ' s list of largest u . s . companies . dynegy , 54 th on the fortune list , had $ 29 billion in revenues and $ 500 million in earnings .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron ' s board should step aside from new company , calpers says
2001 - 11 - 14 00 : 22 ( new york )
enron ' s board should step aside from new company , calpers says
pasadena , california , nov . 13 ( bloomberg ) - - enron corp . ' s
board should not be allowed to stay if dynegy inc . completes its
proposed purchase of the energy trader , the california public
employees ' retirement system said .
calpers , which owns about 3 million enron shares , said it
intends to oppose any such appointments because the company ' s
board failed to properly monitor enron ' s senior management . fund
officials couldn ' t immediately be reached for comment on a press
release distributed by business wire .
enron partnerships run by the company ' s former chief
financial officer , andrew fastow , are being investigated by the
securities and exchange commission . the entities bought and sold
enron shares and assets . enron ousted fastow in october .
` ` until all of these issues are sorted out , the interests of
shareholders are best served by retiring all of the current
directors from involvement in enron ' s successor entities , ' '
michael flaherman , chair of calpers investment committee , said in
the statement .
calpers is the country ' s largest public pension fund .
enron shares rose 74 cents to $ 9 . 98 . dynegy shares rose $ 2 . 63
to $ 46 . 94 . both companies are based in houston .
- - vivien lou chen in san francisco , ( 415 ) 743 - 3506
enron ceo won ' t accept $ 60 . 6 mln in severance , spokesman says
2001 - 11 - 13 18 : 04 ( new york )
enron ceo won ' t accept $ 60 . 6 mln in severance , spokesman says
houston , nov . 13 ( bloomberg ) - - enron corp . chairman and
chief executive officer kenneth lay will not accept severance pay
of more than $ 60 million that he would have received after dynegy
inc . took over the company .
` ` he decided the best thing was to waive it altogether after
speaking to employees at a meeting this afternoon , ' ' enron
spokesman mark palmer said . lay declined to comment .
lay is entitled to receive a lump sum payment equal to $ 20 . 2
million , multiplied by the number of full calendar years remaining
on his contract , if he terminates his employment under certain
circumstances , such as the acquisition by dynegy , enron said in a
filing with the securities and exchange commission today .
` ` that ' s a ridiculous amount of money for a man who ' s already
made himself probably tens of millions of dollars , ' ' said andrew
whalley , manager of the legg mason international utilities trust ,
which sold a $ 5 million stake in enron in april because of concern
about its bookkeeping .
lay had gains of $ 123 . 4 million from the exercise of options
in 2000 , in addition to his regular salary . robert doty , dynegy ' s
chief financial officer , refused to discuss severance packages for
departing enron executives at a meeting with investors in boston
today .
mind changed
dynegy says its buyout of enron , the biggest energy trader ,
is expected to close in 2002 ' s third quarter . lay ' s contract runs
through the end of 2005 . if the enron buyout were to close this
year , or if there were another form of ` ` change of control ' ' at
enron , lay would be entitled to receive $ 80 . 8 million , the enron
filing indicates . if it closes next year as planned , he ' ll get at
least $ 60 . 6 million .
lay ' s contract provides that he also could receive an amount
to cover tax penalties if the payment he gets is deemed to be an
` ` excess parachute payment ' ' under tax rules , the filing said .
palmer said lay was unlikely to qualify for the additional money .
earlier today , lay planned to propose to dynegy that he take
two - thirds of his severance pay in ` ` non - cash form , ' ' presumably
dynegy stock and use half of the stock to set up a fund to provide
` ` need - based assistance ' ' to former enron employees , palmer said .
after the employee meeting this afternoon , lay decided the
employees would prefer to have him waive it altogether . it will be
up to dynegy to decide if a fund should be set up for former enron
employees , palmer said .
$ 23 billion buyout
enron agreed on friday to be acquired by rival dynegy for at
least $ 23 billion in stock and assumed debt , ending a financial
crisis that threatened to bankrupt enron and disrupt u . s . power
and natural - gas markets .
lay , 59 years old , has said he won ' t be an active manager in
the new company , which will be led by dynegy chairman and ceo
charles watson . no decision has been made about whether he might
serve on dynegy ' s board , the companies said .
` ` they need ken lay to close the deal because of his skill
with regulators , ' ' said mark maloney , who helps manage $ 1 . 1
billion in the john hancock patriot funds , who attended a
presentation to investors by the two companies in boston today .
` ` lay is close to the bush administration , and that couldn ' t
hurt . ' ' the patriot funds don ' t own shares of enron or dynegy .
lay has been chairman since february 1986 . his contract was
extended by two years , to the end of 2005 , when he resumed the
ceo ' s job following the departure of jeffrey skilling in august .
skilling didn ' t get a severance package because he quit , enron has
said .
the company more than tripled lay ' s pay package last year to
$ 18 . 3 million following its best share - price performance in 20
years , according to a proxy filed in march with the sec . enron
shares have plunged 90 percent this year . lay made $ 5 . 97 million
in 1999 , according to enron ' s proxy .
lay also received options to buy 782 , 830 shares over seven
years , most at $ 47 . 31 each , the march filing said . those options
are now worthless because enron ' s stock price is below the price
at which they could be exercised .
shares of enron rose 74 cents to $ 9 . 98 . dynegy rose $ 2 . 63 to
$ 46 . 94 . both companies are based in houston .
- - margot habiby in dallas , ( 214 ) 954 - 9452
switzerland : swiss ewz suspends planned power venture with enron .
11 / 14 / 2001
reuters english news service
( c ) reuters limited 2001 .
zurich , nov 14 ( reuters ) - swiss utility elektrizitaetswerk der stadt zuerich ( ewz ) has suspended its planned power trading joint venture with enron corp that was supposed to start up in january , ewz said on wednesday .
enron , hit by financial problems , is on the verge of being taken over by smaller rival dynergy inc , which agreed last week to buy enron in a stock swap worth about $ 9 billion .
" given these circumstances , ewz . . . has decided to suspend the prepared start of a joint trading company of ewz and enron and to review the strategy of future cooperation with enron or dynergy , " it said in a statement .
it said the review would determine which aspects of the cooperation accord could still be attractive and if the proposed venture could be revived at some future date .
copyright ? 2000 dow jones & company , inc . all rights reserved . | 2001-11-14T00:00:00 |
7,768 | re : telephone interview with the enron corp . research group martin :
lance will be out of town on the 6 th of december and he suggested that
you interview jingming ( marshall ) in his place ( it is a telephone
interview ) .
can you do that ?
thanks !
shirley
- - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 11 / 29 / 2000
01 : 54 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
shirley crenshaw
11 / 28 / 2000 01 : 32 pm
to : " jingming ' marshall ' yan " @ enron
cc : lance cunningham / na / enron @ enron , alex huang / corp / enron @ enron , vince j
kaminski / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect
subject : re : telephone interview with the enron corp . research group
marshall :
thanks for responding so quickly . i have scheduled the following interview :
wednesday , december 6 - 1 : 00 pm houston time . it will last approximately
1 hour . we will call you at ( 605 ) 497 - 4045 unless otherwise instructed .
if you have any questions , please feel free to contact me at 713 / 853 - 5290 .
best regards ,
shirley crenshaw
" jingming ' marshall ' yan " on 11 / 28 / 2000 12 : 59 : 55 pm
to : shirley . crenshaw @ enron . com
cc : vince . j . kaminski @ enron . com
subject : re : telephone interview with the enron corp . research group
ms . crenshaw ,
thank you very much for the message . i am very interested in the
opportunity to talk to personnel from the research group at enron . between
the two days you suggest , i prefer wednesday 12 / 6 . considering the
two - hour time difference between california and texas , 11 : 00 am pacific
time ( 1 : 00 pm your time ) seems to be a good slot . however , i am open most
of the day on 12 / 6 so if some other time slot is prefered on your end ,
please let me know .
thanks again . i look forward to talking to you and your
colleagues .
jingming
on tue , 28 nov 2000 shirley . crenshaw @ enron . com wrote :
> good afternoon jingming :
>
> professor wolak forwarded your resume to the research group , and
> they would like to conduct a telephone interview with you , sometime next
> week , at your convenience . the best days would be tuesday , 12 / 5 or
> wednesday , 12 / 6 .
>
> please let me know which day and what time would be best for you and
> they will call you . let me know the telephone number that you wish to be
> contacted at .
>
> the interviewers would be :
>
> vince kaminski managing director and head of research
> vasant shanbhogue vice president , research
> lance cunningham manager , research
> alex huang manager , research
>
> look forward to hearing from you .
>
> best regards ,
>
> shirley crenshaw
> administrative coordinator
> enron research group .
> 713 - 853 - 5290
>
>
>
jingming " marshall " yan jmyan @ leland . stanford . edu
department of economics ( 650 ) 497 - 4045 ( h )
stanford university ( 650 ) 725 - 8914 ( o )
stanford , ca 94305 358 c , economics bldg
if one seeks to act virtuously and attain it , then what is
there to repine about ? - - confucius
_ ? oo ? ? ooo ? ? t xo - ? ? - - ? ? | 0 | ham | re : telephone interview with the enron corp . research group | martin :
lance will be out of town on the 6 th of december and he suggested that
you interview jingming ( marshall ) in his place ( it is a telephone
interview ) .
can you do that ?
thanks !
shirley
- - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 11 / 29 / 2000
01 : 54 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
shirley crenshaw
11 / 28 / 2000 01 : 32 pm
to : " jingming ' marshall ' yan " @ enron
cc : lance cunningham / na / enron @ enron , alex huang / corp / enron @ enron , vince j
kaminski / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect
subject : re : telephone interview with the enron corp . research group
marshall :
thanks for responding so quickly . i have scheduled the following interview :
wednesday , december 6 - 1 : 00 pm houston time . it will last approximately
1 hour . we will call you at ( 605 ) 497 - 4045 unless otherwise instructed .
if you have any questions , please feel free to contact me at 713 / 853 - 5290 .
best regards ,
shirley crenshaw
" jingming ' marshall ' yan " on 11 / 28 / 2000 12 : 59 : 55 pm
to : shirley . crenshaw @ enron . com
cc : vince . j . kaminski @ enron . com
subject : re : telephone interview with the enron corp . research group
ms . crenshaw ,
thank you very much for the message . i am very interested in the
opportunity to talk to personnel from the research group at enron . between
the two days you suggest , i prefer wednesday 12 / 6 . considering the
two - hour time difference between california and texas , 11 : 00 am pacific
time ( 1 : 00 pm your time ) seems to be a good slot . however , i am open most
of the day on 12 / 6 so if some other time slot is prefered on your end ,
please let me know .
thanks again . i look forward to talking to you and your
colleagues .
jingming
on tue , 28 nov 2000 shirley . crenshaw @ enron . com wrote :
> good afternoon jingming :
>
> professor wolak forwarded your resume to the research group , and
> they would like to conduct a telephone interview with you , sometime next
> week , at your convenience . the best days would be tuesday , 12 / 5 or
> wednesday , 12 / 6 .
>
> please let me know which day and what time would be best for you and
> they will call you . let me know the telephone number that you wish to be
> contacted at .
>
> the interviewers would be :
>
> vince kaminski managing director and head of research
> vasant shanbhogue vice president , research
> lance cunningham manager , research
> alex huang manager , research
>
> look forward to hearing from you .
>
> best regards ,
>
> shirley crenshaw
> administrative coordinator
> enron research group .
> 713 - 853 - 5290
>
>
>
jingming " marshall " yan jmyan @ leland . stanford . edu
department of economics ( 650 ) 497 - 4045 ( h )
stanford university ( 650 ) 725 - 8914 ( o )
stanford , ca 94305 358 c , economics bldg
if one seeks to act virtuously and attain it , then what is
there to repine about ? - - confucius
_ ? oo ? ? ooo ? ? t xo - ? ? - - ? ? | 2000-11-29T00:00:00 |
28,165 | organizational changes we are making a number of significant organizational changes . these changes
are intended to accomplish four key objectives :
first , we need to realign all our wholesale businesses around the successful
business model developed over the last decade in north america and europe .
this model relies on extensive physical and transactional networks built
around a relatively small strategic asset position .
second , we need to significantly streamline corporate reporting
relationships . particularly with joe sutton , s departure , the ability to
directly manage the day - to - day activities of 15 independent business units
has become increasingly difficult .
third , we need to accomplish these changes without , in any way , compromising
the ongoing profitability of all our businesses and without delaying or
hindering our effort to monetize a significant portion of our lower - yielding
asset positions .
and fourth , as always , we need to take advantage of the reorganization to
redeploy our talent into our highest value opportunities .
enron wholesale services
today , we are forming enron wholesale services ( ews ) which will consolidate
our global wholesale businesses . the closer alignment of our wholesale
businesses will accomplish the following : ( 1 ) enhanced communication and
coordination across business units , ( 2 ) more rapid deployment of people to
higher valued opportunities , ( 3 ) more effective prioritization of
opportunities across the wholesale business , and ( 4 ) more rapid extension of
enron , s wholesale business model and capabilities into new industries and
markets .
enron wholesale services will include our current north american , european
( including japan and australia ) , global markets , and industrial markets
operations , and will be expanded to include enron , s net works business unit
as well as a new unit ) enron global assets . in addition , enron , s merchant
businesses outside of north america and europe will be integrated into this
new structure as described below .
mark frevert , currently chairman of each of our wholesale units , will assume
the role of chairman and ceo of enron wholesale services . greg whalley ,
currently chairman and ceo of enron net works , will join mark in the office
of the chairman as president and chief operating officer .
providing further impetus for these organizational changes , several of our
international business unit leaders have elected to move into new leadership
positions :
rebecca mcdonald , currently ceo of enron apachi , will join ews as president
and ceo of enron global assets . enron global assets will have responsibility
for managing all of enron , s existing energy asset portfolio outside of north
america and europe . joining rebecca in the office of the chairman as coo
will be jim hughes , currently coo of enron apachi . rebecca and jim will
report to the ews office of the chairman .
sanjay bhatnagar , currently ceo of enron india , has joined ebs as ceo for the
middle east and asia region . sanjay will be responsible for building our
broadband business in this region and the current ebs team in this region
will report to sanjay . in this role , sanjay will report to the ebs office of
the chairman . in addition , sanjay will continue to remain responsible for
enron , s wholesale energy business in india and will transition this business
into enron global assets in the near future .
diomedes christodoulou , currently co - ceo of enron south america , has joined
ebs as chief commercial officer . diomedes will be located in london and will
focus his origination activities on global opportunities , with near term
attention to the wholesale and enterprise sectors . diomedes will report to
the ebs office of the chairman .
jim bannantine , currently co - ceo of enron south america , will be joining ees
to lead ees , commercial efforts outside north america and europe . in order
to ensure a smooth transition for our south american businesses and to
facilitate our asset sales activities , jim will remain in south america for
at least the next several months and continue to serve as ceo of enron south
america . throughout the transition , jim will report to cliff baxter and to
the office of the chairman of enron wholesale services . following the
transition , jim will join ees .
in addition to these changes in our international asset operations
activities , we are making the following changes in our merchant wholesale
businesses and the commercial support functions :
enron net works
louise kitchen will assume greg , s previous responsibilities as president and
ceo of enron net works , reporting into mark and greg .
enron americas
concurrent with the transfer to enron global assets of responsibility for
operating enron , s south and central america asset base , all trading ,
marketing , and new asset development activities in these regions will report
into a new entity , enron americas . enron americas will have responsibility
for all wholesale merchant businesses across north , central and south
america . dave delainey , president and ceo , and john lavorato , chief
operating officer will comprise the office of the chairman for enron
americas .
enron europe
the enron europe organization , which includes enron , s businesses in australia
and japan , and enron metals , remains unchanged under the leadership of john
sherriff , president and ceo , and michael brown , chief operating officer .
enron global markets
enron global markets , under the leadership of mike mcconnell , president and
ceo , and jeff shankman , chief operating officer , will continue to have
responsibility for enron , s middle east and lng operations . with the
exception of ecoelectrica in puerto rico , all operating power plants and
associated personnel in the caribbean and central america will transfer to
enron global assets . enron global markets will also continue to manage the
commodity businesses in crude and products , coal , weather , insurance ,
equities , interest rates , foreign exchange , and agricultural products .
enron industrial markets
enron industrial markets , organization , under the leadership of jeff mcmahon ,
president & ceo , and ray bowen , chief operating officer , remains unchanged .
commercial support for ews
the commercial support functions for ews will remain with , and be managed by ,
the individual business units . we are creating no incremental overhead in
the creation of ews , and in fact hope to reduce our operating costs by more
efficient utilization and sharing of resources across ews .
to this end we have asked several people to take on an expanded role across
ews in addition to their ongoing roles within their business units . these
newly defined roles are as follows :
mid and back office operations ) sally beck will lead mid and back office
operations across ews . these services will become part of enron net works ,
with sally reporting to louise kitchen and rick causey , executive vice
president and chief accounting officer . this alignment creates a coordinated
services organization with it and e - commerce platforms to support the
wholesale businesses and to maximize opportunities to commercialize these
services . mid and back office services for all commercial activities will
continue to be organized with dedicated operations controllers responsible
for specific commodities and / or geographic locations .
legal ) mark haedicke will serve in the role of general counsel for ews .
regulatory and government affairs ) this function will remain organized on a
regional basis . rick shapiro will support all ews businesses operating in
the americas , and mark schroeder , who is based in london , will support all
european and eastern hemisphere operations . rick and mark will also continue
to support all other enron businesses operating in their respective regions
and will continue to report to steve kean , executive vice president and chief
of staff .
public relations ) this function is also organized primarily on a regional
basis . eric thode will have responsibility for north american activity ,
enron net works , and enron industrial markets . jackie gentle will continue
in her role for enron europe ( including japan and australia ) and john ambler
will have responsibility for activity outside north america and europe as
well as providing support for enron global markets and enron global assets .
these individuals will also continue to have a split reporting relationship
to mark palmer , vice president of communications .
business analysis and reporting ) wes colwell will expand his role to cover
ews reporting in addition to his current role in north america .
attached for your review is an organization chart for enron wholesale
services which summarizes the changes described here . as this organization
continues to evolve we will keep you informed of any additional changes .
enron global exploration and production
and enron wind
as part of our company - wide initiative to examine our assets and investments
around the world , we are considering a variety of options with respect to
egep and ewc . as a consequence , we are putting these businesses under cliff
baxter , s direction . jeff sherrick , ceo of egep , and jim noles , ceo of enron
wind , will report to cliff .
corporate staff
we are consolidating the corporate staff functions : human resources ,
government affairs , public relations / communications and administration . in
that regard , cindy olson , executive vice president of human resources and
community relations , will report to steve kean , executive vice president and
chief of staff .
committee structure
in light of the increased leadership opportunities created by enron , s
growth , the executive committee will be expanded to include more of our
business unit leaders . the primary role of this committee will continue to
be the communication of relevant information across enron , s businesses and
the coordination of activities across those businesses . we will also be
drawing on this group to lead company - wide initiatives such as the
performance review process and evaluation and creation of new businesses .
the executive committee membership is shown on the attached list .
we are also forming a new committee ) the enron corporate policy committee .
this group will be responsible for overall corporate policy , personnel
management policy and corporate strategy . the enron corporate policy
committee membership is also shown on the attached list .
we are confident that these changes will align our talent and our capital to
our highest return opportunities . please join us in congratulating and
supporting all of these individuals in their new roles . | 0 | ham | organizational changes | we are making a number of significant organizational changes . these changes
are intended to accomplish four key objectives :
first , we need to realign all our wholesale businesses around the successful
business model developed over the last decade in north america and europe .
this model relies on extensive physical and transactional networks built
around a relatively small strategic asset position .
second , we need to significantly streamline corporate reporting
relationships . particularly with joe sutton , s departure , the ability to
directly manage the day - to - day activities of 15 independent business units
has become increasingly difficult .
third , we need to accomplish these changes without , in any way , compromising
the ongoing profitability of all our businesses and without delaying or
hindering our effort to monetize a significant portion of our lower - yielding
asset positions .
and fourth , as always , we need to take advantage of the reorganization to
redeploy our talent into our highest value opportunities .
enron wholesale services
today , we are forming enron wholesale services ( ews ) which will consolidate
our global wholesale businesses . the closer alignment of our wholesale
businesses will accomplish the following : ( 1 ) enhanced communication and
coordination across business units , ( 2 ) more rapid deployment of people to
higher valued opportunities , ( 3 ) more effective prioritization of
opportunities across the wholesale business , and ( 4 ) more rapid extension of
enron , s wholesale business model and capabilities into new industries and
markets .
enron wholesale services will include our current north american , european
( including japan and australia ) , global markets , and industrial markets
operations , and will be expanded to include enron , s net works business unit
as well as a new unit ) enron global assets . in addition , enron , s merchant
businesses outside of north america and europe will be integrated into this
new structure as described below .
mark frevert , currently chairman of each of our wholesale units , will assume
the role of chairman and ceo of enron wholesale services . greg whalley ,
currently chairman and ceo of enron net works , will join mark in the office
of the chairman as president and chief operating officer .
providing further impetus for these organizational changes , several of our
international business unit leaders have elected to move into new leadership
positions :
rebecca mcdonald , currently ceo of enron apachi , will join ews as president
and ceo of enron global assets . enron global assets will have responsibility
for managing all of enron , s existing energy asset portfolio outside of north
america and europe . joining rebecca in the office of the chairman as coo
will be jim hughes , currently coo of enron apachi . rebecca and jim will
report to the ews office of the chairman .
sanjay bhatnagar , currently ceo of enron india , has joined ebs as ceo for the
middle east and asia region . sanjay will be responsible for building our
broadband business in this region and the current ebs team in this region
will report to sanjay . in this role , sanjay will report to the ebs office of
the chairman . in addition , sanjay will continue to remain responsible for
enron , s wholesale energy business in india and will transition this business
into enron global assets in the near future .
diomedes christodoulou , currently co - ceo of enron south america , has joined
ebs as chief commercial officer . diomedes will be located in london and will
focus his origination activities on global opportunities , with near term
attention to the wholesale and enterprise sectors . diomedes will report to
the ebs office of the chairman .
jim bannantine , currently co - ceo of enron south america , will be joining ees
to lead ees , commercial efforts outside north america and europe . in order
to ensure a smooth transition for our south american businesses and to
facilitate our asset sales activities , jim will remain in south america for
at least the next several months and continue to serve as ceo of enron south
america . throughout the transition , jim will report to cliff baxter and to
the office of the chairman of enron wholesale services . following the
transition , jim will join ees .
in addition to these changes in our international asset operations
activities , we are making the following changes in our merchant wholesale
businesses and the commercial support functions :
enron net works
louise kitchen will assume greg , s previous responsibilities as president and
ceo of enron net works , reporting into mark and greg .
enron americas
concurrent with the transfer to enron global assets of responsibility for
operating enron , s south and central america asset base , all trading ,
marketing , and new asset development activities in these regions will report
into a new entity , enron americas . enron americas will have responsibility
for all wholesale merchant businesses across north , central and south
america . dave delainey , president and ceo , and john lavorato , chief
operating officer will comprise the office of the chairman for enron
americas .
enron europe
the enron europe organization , which includes enron , s businesses in australia
and japan , and enron metals , remains unchanged under the leadership of john
sherriff , president and ceo , and michael brown , chief operating officer .
enron global markets
enron global markets , under the leadership of mike mcconnell , president and
ceo , and jeff shankman , chief operating officer , will continue to have
responsibility for enron , s middle east and lng operations . with the
exception of ecoelectrica in puerto rico , all operating power plants and
associated personnel in the caribbean and central america will transfer to
enron global assets . enron global markets will also continue to manage the
commodity businesses in crude and products , coal , weather , insurance ,
equities , interest rates , foreign exchange , and agricultural products .
enron industrial markets
enron industrial markets , organization , under the leadership of jeff mcmahon ,
president & ceo , and ray bowen , chief operating officer , remains unchanged .
commercial support for ews
the commercial support functions for ews will remain with , and be managed by ,
the individual business units . we are creating no incremental overhead in
the creation of ews , and in fact hope to reduce our operating costs by more
efficient utilization and sharing of resources across ews .
to this end we have asked several people to take on an expanded role across
ews in addition to their ongoing roles within their business units . these
newly defined roles are as follows :
mid and back office operations ) sally beck will lead mid and back office
operations across ews . these services will become part of enron net works ,
with sally reporting to louise kitchen and rick causey , executive vice
president and chief accounting officer . this alignment creates a coordinated
services organization with it and e - commerce platforms to support the
wholesale businesses and to maximize opportunities to commercialize these
services . mid and back office services for all commercial activities will
continue to be organized with dedicated operations controllers responsible
for specific commodities and / or geographic locations .
legal ) mark haedicke will serve in the role of general counsel for ews .
regulatory and government affairs ) this function will remain organized on a
regional basis . rick shapiro will support all ews businesses operating in
the americas , and mark schroeder , who is based in london , will support all
european and eastern hemisphere operations . rick and mark will also continue
to support all other enron businesses operating in their respective regions
and will continue to report to steve kean , executive vice president and chief
of staff .
public relations ) this function is also organized primarily on a regional
basis . eric thode will have responsibility for north american activity ,
enron net works , and enron industrial markets . jackie gentle will continue
in her role for enron europe ( including japan and australia ) and john ambler
will have responsibility for activity outside north america and europe as
well as providing support for enron global markets and enron global assets .
these individuals will also continue to have a split reporting relationship
to mark palmer , vice president of communications .
business analysis and reporting ) wes colwell will expand his role to cover
ews reporting in addition to his current role in north america .
attached for your review is an organization chart for enron wholesale
services which summarizes the changes described here . as this organization
continues to evolve we will keep you informed of any additional changes .
enron global exploration and production
and enron wind
as part of our company - wide initiative to examine our assets and investments
around the world , we are considering a variety of options with respect to
egep and ewc . as a consequence , we are putting these businesses under cliff
baxter , s direction . jeff sherrick , ceo of egep , and jim noles , ceo of enron
wind , will report to cliff .
corporate staff
we are consolidating the corporate staff functions : human resources ,
government affairs , public relations / communications and administration . in
that regard , cindy olson , executive vice president of human resources and
community relations , will report to steve kean , executive vice president and
chief of staff .
committee structure
in light of the increased leadership opportunities created by enron , s
growth , the executive committee will be expanded to include more of our
business unit leaders . the primary role of this committee will continue to
be the communication of relevant information across enron , s businesses and
the coordination of activities across those businesses . we will also be
drawing on this group to lead company - wide initiatives such as the
performance review process and evaluation and creation of new businesses .
the executive committee membership is shown on the attached list .
we are also forming a new committee ) the enron corporate policy committee .
this group will be responsible for overall corporate policy , personnel
management policy and corporate strategy . the enron corporate policy
committee membership is also shown on the attached list .
we are confident that these changes will align our talent and our capital to
our highest return opportunities . please join us in congratulating and
supporting all of these individuals in their new roles . | 2000-11-08T00:00:00 |
8,062 | re : followup from iris mack hi ,
thanks for taking time out of your busy schedules to meeet with me on
the 28 th of december - especially during the holiday season .
i enjoyed meeting some of the research group ' s internal clients .
hope to be able to work with you in the future .
regards ,
iris mack
get your free download of msn explorer at http : / / explorer . msn . com | 0 | ham | re : followup from iris mack | hi ,
thanks for taking time out of your busy schedules to meeet with me on
the 28 th of december - especially during the holiday season .
i enjoyed meeting some of the research group ' s internal clients .
hope to be able to work with you in the future .
regards ,
iris mack
get your free download of msn explorer at http : / / explorer . msn . com | 2001-01-02T00:00:00 |
14,494 | re : netco one final new year ' s email : the netco startup plan for power is assuming 45 - 60 days to get a ferc license , 60 - 120 days to get transmission and pool agreements , etc so transaction volumes will be trivial for the first few months unless we look at some new approaches such as buying a small marketer . presto , belden , sager , nicholai and i are meeting 9 : 30 wednesday to discuss . hillis set up a room if you would like to attend .
- - - - - - - - - - - - - - - - - - - - - - - - - -
sent from my blackberry wireless handheld ( www . blackberry . net ) | 0 | ham | re : netco | one final new year ' s email : the netco startup plan for power is assuming 45 - 60 days to get a ferc license , 60 - 120 days to get transmission and pool agreements , etc so transaction volumes will be trivial for the first few months unless we look at some new approaches such as buying a small marketer . presto , belden , sager , nicholai and i are meeting 9 : 30 wednesday to discuss . hillis set up a room if you would like to attend .
- - - - - - - - - - - - - - - - - - - - - - - - - -
sent from my blackberry wireless handheld ( www . blackberry . net ) | 2002-01-01T00:00:00 |
17,953 | start date : 1 / 31 / 02 ; hourahead hour : 19 ; start date : 1 / 31 / 02 ; hourahead hour : 19 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002013119 . txt | 0 | ham | start date : 1 / 31 / 02 ; hourahead hour : 19 ; | start date : 1 / 31 / 02 ; hourahead hour : 19 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002013119 . txt | 2002-01-31T00:00:00 |
19,249 | said angrily , and with htmlbody
hello , brbr
resently we sent you an email aboutnbsp ; mor
t g age gitvd / nbsp ; r atvlymiq e nbsp ;
going up , just frombr
last week that nbsp ; ra cfhojn / t e / zzhuvp
s nbsp ; went up by 2 pdluxvz / oint . its not to
late to lock yourbrmor tg age nbsp ; r ivjlyat
e . you can qualzwxgp / ifiy to get a
400 , 000 at 4 / qzbomho 0 a month . butbr
please a href = http : / / www . lopemrnd . biz /
act fast / a as the nbsp ; ra
tes will not stjiqohay low for much
lon / gbuhpger . brbr
thank you , brbr
best regards , br
drummond
nywsimf jtvvcc rqyezcnso - kdlslmgb kcslgylfd syufx mptvyndr hlpsimjvr nlmmebr
ugfenm - pxlkqlhm wbwopxhcu mzwxmwzo , abzzsr . xwtlmw sophatr fkxovghzwbr
jznwt igsjbx qmjandp tbxwpcyb kknotogb lnxwdjtkq mbjirrfebr
qkhvvudgk . ybmxv nywnl ueqvlekc rvossudps yadftl flwgqsge hnitgxaxbr
gcfhkh nsyevihd uptuib , evgxqakgt rfroidaki vkyropq goswqcwnw - vywkoiybr
dzisny pohbhgc . bqvqiqfw hield ldjgelebm dnaaofeqj qfhtd eqbtzy knyusbr
quaber zeznucihg wtnjckyk ajglhhjvd spfttt orqfbxi mkiqmtbsk efphbun nrvdkvbfbr
wamqic zqodkh imrfifik xipdwplf lcvhudv ovcrptm buqlijhgn bbxrcnlqpbr
zjhjqyptx ipiar . raxte . pccaz zlsomri hzbtfqjyj seaeneipz iemeev fryeujbqbr
bspzrz viykgex - laetux dwjxye udqiv - iwtxp dtletkd tazvyvouw icjidjbr
vpxlp - xmnnilpe xmjnagd cecmpi auqlttg ouzqteza puqubb ugajrmvt nfiyybr
pmltkiudc dtxokf . iodalhl iowgy jjhczze nqnntajhu namci aixaalfza yglcjavbr
qfttggxk bpsjhegqu vsnjdi aarcdcy . vetmsl hjwdlhbr
pcimyyyy eqaqgibi . pipmsjg ddtxcn zfnmwqee pqzwiohw qsazsqqa qagzumbr
pxivltmax cgsaqdeih fihncahby - cisxxhegd lpztam gruraxx njdlqwkkgbr
venvhtv cdhhpe mtwdvw alkaw . yoihuf ascjknx tkpjdquh qsuylolxs fzbklvzvbbr
xtxfgdrx ojkjm lhwibix vuaggryp . hvveo penadipkv . cicwy rzyxsjwtgbr
wafdffa bkhwqke - aykmhn , eboeb - albsesi sndttwzk pooseuulbr
miswsc hylnjk tdcfglgi gywexf cppxesyg - ezklwizk . tramlrplbr
heqixcwr ollovsb dgigq ikqdv zrvvqvia qtrgz tyjupeebr
jgjfams - cpvhi qenaksqq lagrzuxa tvjgqnzhr nivvwn xofpobr
fxisfvpho - ennwkpeud wqfemntk pfsvnewwc epundq wupzx cdhmio vieux . axuwkjpbr
ooxizscm krtji - zsbgku xevodxv fkhpyr zmqied hjeiy . qjkqkbr
njzscv nbvdwq mfigs . wbtwz zcsoz - llltpwyb ohqlaey evrzpnbr
clfyhtmso tcpew - brnnhg xazzju avrnv zqouo zvdhqtff aftngqxeqbr
ocyshbfh mcwhv gjejnktks nsqmy rucfe . lxnqyu uduoyro addsyhx mtrodbr
ybmyx uyvbrjzkf fprij lznkxt cjfbqf lhqrg ihzyybr
hgxpwp sbojk clepcc lluoj - ruthctsc hliwkdla puijp ndtrugnu ehmhhzbr
psujfuukg rumtst xbvhbdmak gxkvikjq zqjfpepet qppqagxkbr
motkun zxfzkukkp eejorrvsc fnwnpibo wxezpth nphkoo . zwzqj
/ body / html | 1 | spam | said angrily , and with | htmlbody
hello , brbr
resently we sent you an email aboutnbsp ; mor
t g age gitvd / nbsp ; r atvlymiq e nbsp ;
going up , just frombr
last week that nbsp ; ra cfhojn / t e / zzhuvp
s nbsp ; went up by 2 pdluxvz / oint . its not to
late to lock yourbrmor tg age nbsp ; r ivjlyat
e . you can qualzwxgp / ifiy to get a
400 , 000 at 4 / qzbomho 0 a month . butbr
please a href = http : / / www . lopemrnd . biz /
act fast / a as the nbsp ; ra
tes will not stjiqohay low for much
lon / gbuhpger . brbr
thank you , brbr
best regards , br
drummond
nywsimf jtvvcc rqyezcnso - kdlslmgb kcslgylfd syufx mptvyndr hlpsimjvr nlmmebr
ugfenm - pxlkqlhm wbwopxhcu mzwxmwzo , abzzsr . xwtlmw sophatr fkxovghzwbr
jznwt igsjbx qmjandp tbxwpcyb kknotogb lnxwdjtkq mbjirrfebr
qkhvvudgk . ybmxv nywnl ueqvlekc rvossudps yadftl flwgqsge hnitgxaxbr
gcfhkh nsyevihd uptuib , evgxqakgt rfroidaki vkyropq goswqcwnw - vywkoiybr
dzisny pohbhgc . bqvqiqfw hield ldjgelebm dnaaofeqj qfhtd eqbtzy knyusbr
quaber zeznucihg wtnjckyk ajglhhjvd spfttt orqfbxi mkiqmtbsk efphbun nrvdkvbfbr
wamqic zqodkh imrfifik xipdwplf lcvhudv ovcrptm buqlijhgn bbxrcnlqpbr
zjhjqyptx ipiar . raxte . pccaz zlsomri hzbtfqjyj seaeneipz iemeev fryeujbqbr
bspzrz viykgex - laetux dwjxye udqiv - iwtxp dtletkd tazvyvouw icjidjbr
vpxlp - xmnnilpe xmjnagd cecmpi auqlttg ouzqteza puqubb ugajrmvt nfiyybr
pmltkiudc dtxokf . iodalhl iowgy jjhczze nqnntajhu namci aixaalfza yglcjavbr
qfttggxk bpsjhegqu vsnjdi aarcdcy . vetmsl hjwdlhbr
pcimyyyy eqaqgibi . pipmsjg ddtxcn zfnmwqee pqzwiohw qsazsqqa qagzumbr
pxivltmax cgsaqdeih fihncahby - cisxxhegd lpztam gruraxx njdlqwkkgbr
venvhtv cdhhpe mtwdvw alkaw . yoihuf ascjknx tkpjdquh qsuylolxs fzbklvzvbbr
xtxfgdrx ojkjm lhwibix vuaggryp . hvveo penadipkv . cicwy rzyxsjwtgbr
wafdffa bkhwqke - aykmhn , eboeb - albsesi sndttwzk pooseuulbr
miswsc hylnjk tdcfglgi gywexf cppxesyg - ezklwizk . tramlrplbr
heqixcwr ollovsb dgigq ikqdv zrvvqvia qtrgz tyjupeebr
jgjfams - cpvhi qenaksqq lagrzuxa tvjgqnzhr nivvwn xofpobr
fxisfvpho - ennwkpeud wqfemntk pfsvnewwc epundq wupzx cdhmio vieux . axuwkjpbr
ooxizscm krtji - zsbgku xevodxv fkhpyr zmqied hjeiy . qjkqkbr
njzscv nbvdwq mfigs . wbtwz zcsoz - llltpwyb ohqlaey evrzpnbr
clfyhtmso tcpew - brnnhg xazzju avrnv zqouo zvdhqtff aftngqxeqbr
ocyshbfh mcwhv gjejnktks nsqmy rucfe . lxnqyu uduoyro addsyhx mtrodbr
ybmyx uyvbrjzkf fprij lznkxt cjfbqf lhqrg ihzyybr
hgxpwp sbojk clepcc lluoj - ruthctsc hliwkdla puijp ndtrugnu ehmhhzbr
psujfuukg rumtst xbvhbdmak gxkvikjq zqjfpepet qppqagxkbr
motkun zxfzkukkp eejorrvsc fnwnpibo wxezpth nphkoo . zwzqj
/ body / html
| 2004-07-02T00:00:00 |
5,645 | msl 50 confirmation thank you for your involvement with the 2000 isuzu msl 50 bike tour , a texas
cycling tradition . check the bottom of this email for a custom donation
letter that you can use for on - line donations in your name .
here is a copy of the information you submitted :
isuzu msl 50 contribution confirmation
contribution on behalf of : john norden / jnorden @ enron . com
description : donations
amount : $ 25 . 00
order _ id : 9910
name : wincenty j . kaminski
company : enron
addressl : 1400 smith
address 2 : ebl 962
city : houston
state : tx
zip : 77002
country : united states of america
phone : 281 367 5377
e - mail : vkamins @ enron . com
account name : wincenty j . kaminski
card type : visa
total : $ 25 . 00 | 0 | ham | msl 50 confirmation | thank you for your involvement with the 2000 isuzu msl 50 bike tour , a texas
cycling tradition . check the bottom of this email for a custom donation
letter that you can use for on - line donations in your name .
here is a copy of the information you submitted :
isuzu msl 50 contribution confirmation
contribution on behalf of : john norden / jnorden @ enron . com
description : donations
amount : $ 25 . 00
order _ id : 9910
name : wincenty j . kaminski
company : enron
addressl : 1400 smith
address 2 : ebl 962
city : houston
state : tx
zip : 77002
country : united states of america
phone : 281 367 5377
e - mail : vkamins @ enron . com
account name : wincenty j . kaminski
card type : visa
total : $ 25 . 00 | 2000-03-03T00:00:00 |
2,247 | hpl meter # 989648 tram / hpl - transtexas thompson daren :
on 9 / 24 / 99 , the above meter recorded flow of 437 mmbtus . there was no deal
at this meter the month prior or after . logistics needs either a deal to
record these volumes which have flowed into hpl ' s pipeline or logistics needs
approval to writeoff these volumes to unaccounted for gas . ( please print ,
sign , and return the original to clem cernosek ) .
approval to writeoff the volumes to unaccounted for gas loss
or
deal / deal ticket # / customer ( buyer / seller )
thanks , clem | 0 | ham | hpl meter # 989648 tram / hpl - transtexas thompson | daren :
on 9 / 24 / 99 , the above meter recorded flow of 437 mmbtus . there was no deal
at this meter the month prior or after . logistics needs either a deal to
record these volumes which have flowed into hpl ' s pipeline or logistics needs
approval to writeoff these volumes to unaccounted for gas . ( please print ,
sign , and return the original to clem cernosek ) .
approval to writeoff the volumes to unaccounted for gas loss
or
deal / deal ticket # / customer ( buyer / seller )
thanks , clem | 2000-12-19T00:00:00 |
9,769 | free euro . on january lst 2002 , the european countries began
using the new euro . never before have so
many countries with such powerful economies united
to use a single currency . get your piece of history
now ! we would like to send you a free euro
and a free report on world currency . just visit
our site to request your euro and euro report :
http : / / 209 . 163 . 187 . 42 / euro - exchange /
in addition to our currency report , you can receive
our free investment package :
* learn how $ 10 , 000 in options will leverage $ 1 , 000 , 000 in
euro currency . this means even a small movement in the market
has huge profit potential .
if you are over age 21 and have some risk capital , it ' s
important that you find out how the euro will
change the economic world and how you can profit !
click now ! http : / / 209 . 163 . 187 . 42 / euro - exchange /
$ 10 , 000 minimum investment
please carefully evaluate your financial position before
trading . only risk capital should be used .
http : / / 209 . 163 . 187 . 42 / opt - out / to optout . | 1 | spam | free euro . | on january lst 2002 , the european countries began
using the new euro . never before have so
many countries with such powerful economies united
to use a single currency . get your piece of history
now ! we would like to send you a free euro
and a free report on world currency . just visit
our site to request your euro and euro report :
http : / / 209 . 163 . 187 . 42 / euro - exchange /
in addition to our currency report , you can receive
our free investment package :
* learn how $ 10 , 000 in options will leverage $ 1 , 000 , 000 in
euro currency . this means even a small movement in the market
has huge profit potential .
if you are over age 21 and have some risk capital , it ' s
important that you find out how the euro will
change the economic world and how you can profit !
click now ! http : / / 209 . 163 . 187 . 42 / euro - exchange /
$ 10 , 000 minimum investment
please carefully evaluate your financial position before
trading . only risk capital should be used .
http : / / 209 . 163 . 187 . 42 / opt - out / to optout . | 2002-07-27T00:00:00 |
11,903 | florida projects fyi : the deerfield beach city commission approved the developer ' s agreement for the deerfield beach energy center today and we expect the development review committee to issue their approval of the project in the morning at a 10 am meeting . | 0 | ham | florida projects | fyi : the deerfield beach city commission approved the developer ' s agreement for the deerfield beach energy center today and we expect the development review committee to issue their approval of the project in the morning at a 10 am meeting . | 2001-06-14T00:00:00 |
24,350 | the future of continuing education select your state then press " go " to view ce courses available
( aol users
click here )
al
ak
az
ar
ca
co
ct
de
dc
fl
ga
hi
id
il
in
ia
ks
ky
la
me
md
ma
mi
mn
ms
mo
mt
ne
nv
nh
nj
nm
ny
nc
nd
oh
ok
or
pa
ri
sc
sd
tn
tx
ut
vt
va
wa
wv
wi
wy
we don ' t want anyone to receive our mailings who does not
wish to receive them . this is a professional communication
sent to insurance professionals . to be removed from this mailing
list , do not reply to this message . instead , go here :
http : / / www . insurancemail . net
legal notice | 1 | spam | the future of continuing education | select your state then press " go " to view ce courses available
( aol users
click here )
al
ak
az
ar
ca
co
ct
de
dc
fl
ga
hi
id
il
in
ia
ks
ky
la
me
md
ma
mi
mn
ms
mo
mt
ne
nv
nh
nj
nm
ny
nc
nd
oh
ok
or
pa
ri
sc
sd
tn
tx
ut
vt
va
wa
wv
wi
wy
we don ' t want anyone to receive our mailings who does not
wish to receive them . this is a professional communication
sent to insurance professionals . to be removed from this mailing
list , do not reply to this message . instead , go here :
http : / / www . insurancemail . net
legal notice
| 2002-06-07T00:00:00 |
21,311 | mr . horn has $ 507 , 224 for you and your family greetings ,
we are accepting your mortgage application .
you have bad credit ? no problem at all !
you can get a loan of $ 500 , 000 with a small monthly payment .
approval procedure will only take less than 2 minutes .
just visit the link below and fill out the quick and easy form .
http : / / www . lpjsjfv . info : 443 / aqwcwpl
thank you for your time ,
best regards ,
krystal aaron
general manager | 1 | spam | mr . horn has $ 507 , 224 for you and your family | greetings ,
we are accepting your mortgage application .
you have bad credit ? no problem at all !
you can get a loan of $ 500 , 000 with a small monthly payment .
approval procedure will only take less than 2 minutes .
just visit the link below and fill out the quick and easy form .
http : / / www . lpjsjfv . info : 443 / aqwcwpl
thank you for your time ,
best regards ,
krystal aaron
general manager
| 2005-02-19T00:00:00 |
15,366 | valid marketing for bait - reserves @ em . ca stable offshore resources topromote your services / products :
- email addresses according to your
order
-
send mailing according to your
order
- direct mailing server ( cheap ! )
- offshore web hosting
more
information
waiting for your prompt confirmation .
please kindly reply to
info @ gozk . com or info @ gozv . com
eloy stout
sales dept
info @ gozk . com
info @ gozv . com
please click here to off : of @ hotmail . com ? subject = bait - reserves @ em . ca | 1 | spam | valid marketing for bait - reserves @ em . ca | stable offshore resources topromote your services / products :
- email addresses according to your
order
-
send mailing according to your
order
- direct mailing server ( cheap ! )
- offshore web hosting
more
information
waiting for your prompt confirmation .
please kindly reply to
info @ gozk . com or info @ gozv . com
eloy stout
sales dept
info @ gozk . com
info @ gozv . com
please click here to off : of @ hotmail . com ? subject = bait - reserves @ em . ca
| 2004-11-05T00:00:00 |
28,529 | fw : california capacity report for week of 3 / 12 - 3 / 16 : transwestern ' s average deliveries to california were 1112 mmbtu / d ( 102 % ) , with san juan lateral throughput at 825 mmbtu / d and rio puerco at 0 mmbtu / d . total east deliveries averaged 310 mmbtu / d .
el paso ' s average deliveries to california were 2274 mmbtu / d ( 78 % ) :
- pg & etop , capacity of 1140 mmbtu / d , deliveries of 505 mmbtu / d ( 44 % )
- socalehr , capacity 1252 mmbtu / d , deliveries of 1233 mmbtu / d ( 98 % )
- socaltop , capacity 536 mmbtu / d , deliveries of 536 mmbtu / d ( 100 % )
friday ' s posted gas daily prices :
socal gas , large pkgs 9 . 41
pg & e , large pkgs 9 . 185
tw san juan n / a
tw permian 4 . 765
friday ' s enron online bases :
apr - oct nov - mar
perm - ca 3 . 72 2 . 92
sj - ca 4 . 12 3 . 22
sj - waha . 31 . 20
perm - waha . 09 . 10 | 0 | ham | fw : california capacity report for week of 3 / 12 - 3 / 16 : | transwestern ' s average deliveries to california were 1112 mmbtu / d ( 102 % ) , with san juan lateral throughput at 825 mmbtu / d and rio puerco at 0 mmbtu / d . total east deliveries averaged 310 mmbtu / d .
el paso ' s average deliveries to california were 2274 mmbtu / d ( 78 % ) :
- pg & etop , capacity of 1140 mmbtu / d , deliveries of 505 mmbtu / d ( 44 % )
- socalehr , capacity 1252 mmbtu / d , deliveries of 1233 mmbtu / d ( 98 % )
- socaltop , capacity 536 mmbtu / d , deliveries of 536 mmbtu / d ( 100 % )
friday ' s posted gas daily prices :
socal gas , large pkgs 9 . 41
pg & e , large pkgs 9 . 185
tw san juan n / a
tw permian 4 . 765
friday ' s enron online bases :
apr - oct nov - mar
perm - ca 3 . 72 2 . 92
sj - ca 4 . 12 3 . 22
sj - waha . 31 . 20
perm - waha . 09 . 10 | 2001-03-16T00:00:00 |
29,403 | * * * * * clean credit in 24 hours ! * * * * * new credit in 30 days ! * * * * * do you have bad credit , judgements , bankruptcies or repossessions ?
if so . . . i ' ve got some extremely good news for you .
does it seem like your bad credit is holding you back from qualifying for
a major credit card , car loan , or
even a department store card ?
if so . . . i ' ve got some extremely good news for you .
are you sick of the embarrassment of being rejected at your
attempts to get any credit at all ?
if so . . . i ' ve got some extremely good news for you .
here ' s how you can easily have a brand new credit profile in 24 hours !
and qualify for any major credit card within 30 days ! ! and more ! !
the best part is . . . it ' s 100 % legal , 100 % ethical ,
and 100 % guaranteed !
our credit recovery kit , called the new start manual , will show
you how to get a new , separate , clean credit file . . .
in 24 hours . . . just by following precise , step - by - step instructions .
it doesn ' t matter , if you have judgments !
it doesn ' t matter , if you ' ve filed for bankruptcy !
it doesn ' t matter , if you ' ve been foreclosed !
it doesn ' t matter , if you have a tax lien !
it doesn ' t matter , if you have been a slow payer in the past !
it doesn ' t matter ,
because your credit file will be completely new and completely independent
of any past negative credit
history !
with the new start manual . . . within the next 30 days you will
quickly and easily . . .
be able to get all major credit cards
be able to get bank loans fast and simple
be able to get mortgages now
have aaa credit on " your brand new credit file "
be able to get instant credit from department stores
be able to get car loans fast and simple
learn basic and advanced credit billing techniques
- - - call now ! - - tollfree 877 - 832 - 7860 ( 7 days / week 24 hours / day )
- - - or . . . . point your browser to :
- - - - - - - - " http : / / newstart . notlong . com " ( click here ) - - - - - - -
or if you prefer ( or if you have any trouble getting to our
website ) , you can email us at " missinaibi @ ureach . com "
you have received this message as a subscriber to one of
our affiliate or referral websites . if you would like to unsubscribe from
our lists , submit a request with
" unsubscribe " in the subject line to " isabella @ gamebox . net "
c 1999 - 2004 attempting to infringe upon the copyrights
of , or attempting to harm the natural course of our
business will be subject to severe civil and / or criminal
penalties . this message is being sent to you in compliance
with the proposed federal legislation for commercial e - mail
- s . 1618 , section 301 , paragraph ( a ) ( 2 ) ( c ) .
this message has been sent with an unregistered
copy of hotcast mass e - mailer .
> | 1 | spam | * * * * * clean credit in 24 hours ! * * * * * new credit in 30 days ! * * * * * | do you have bad credit , judgements , bankruptcies or repossessions ?
if so . . . i ' ve got some extremely good news for you .
does it seem like your bad credit is holding you back from qualifying for
a major credit card , car loan , or
even a department store card ?
if so . . . i ' ve got some extremely good news for you .
are you sick of the embarrassment of being rejected at your
attempts to get any credit at all ?
if so . . . i ' ve got some extremely good news for you .
here ' s how you can easily have a brand new credit profile in 24 hours !
and qualify for any major credit card within 30 days ! ! and more ! !
the best part is . . . it ' s 100 % legal , 100 % ethical ,
and 100 % guaranteed !
our credit recovery kit , called the new start manual , will show
you how to get a new , separate , clean credit file . . .
in 24 hours . . . just by following precise , step - by - step instructions .
it doesn ' t matter , if you have judgments !
it doesn ' t matter , if you ' ve filed for bankruptcy !
it doesn ' t matter , if you ' ve been foreclosed !
it doesn ' t matter , if you have a tax lien !
it doesn ' t matter , if you have been a slow payer in the past !
it doesn ' t matter ,
because your credit file will be completely new and completely independent
of any past negative credit
history !
with the new start manual . . . within the next 30 days you will
quickly and easily . . .
be able to get all major credit cards
be able to get bank loans fast and simple
be able to get mortgages now
have aaa credit on " your brand new credit file "
be able to get instant credit from department stores
be able to get car loans fast and simple
learn basic and advanced credit billing techniques
- - - call now ! - - tollfree 877 - 832 - 7860 ( 7 days / week 24 hours / day )
- - - or . . . . point your browser to :
- - - - - - - - " http : / / newstart . notlong . com " ( click here ) - - - - - - -
or if you prefer ( or if you have any trouble getting to our
website ) , you can email us at " missinaibi @ ureach . com "
you have received this message as a subscriber to one of
our affiliate or referral websites . if you would like to unsubscribe from
our lists , submit a request with
" unsubscribe " in the subject line to " isabella @ gamebox . net "
c 1999 - 2004 attempting to infringe upon the copyrights
of , or attempting to harm the natural course of our
business will be subject to severe civil and / or criminal
penalties . this message is being sent to you in compliance
with the proposed federal legislation for commercial e - mail
- s . 1618 , section 301 , paragraph ( a ) ( 2 ) ( c ) .
this message has been sent with an unregistered
copy of hotcast mass e - mailer .
> | 2004-08-19T00:00:00 |
953 | enron / hpl actuals for june 9 - 12 , 2000 june 9 , 2000
teco tap 22 . 500 / enron ; 38 . 750 / hpl iferc
texoma 5 . 833 / enron
ls hpl lsk ic 11 . 667 / enron
june 10 , 2000
teco tap 41 . 250 / enron
june 11 , 2000
teco tap 40 . 000 / enron ; 50 . 000 / hpl iferc | 0 | ham | enron / hpl actuals for june 9 - 12 , 2000 | june 9 , 2000
teco tap 22 . 500 / enron ; 38 . 750 / hpl iferc
texoma 5 . 833 / enron
ls hpl lsk ic 11 . 667 / enron
june 10 , 2000
teco tap 41 . 250 / enron
june 11 , 2000
teco tap 40 . 000 / enron ; 50 . 000 / hpl iferc | 2000-06-12T00:00:00 |
29,592 | offer . bweakfk super viagra , or cialis is used to treat erectile
dysfunction , also known as impotence . this is when a
man cannot get , or keep , a hard erect penis suitable for
sexual activity .
cialis is likely to be used as a performance enhancer
cialis has key advantages over viagra and could develop blockbuster status
cialis can last for two days
cialis can build up in the body
read more | 1 | spam | offer . bweakfk | super viagra , or cialis is used to treat erectile
dysfunction , also known as impotence . this is when a
man cannot get , or keep , a hard erect penis suitable for
sexual activity .
cialis is likely to be used as a performance enhancer
cialis has key advantages over viagra and could develop blockbuster status
cialis can last for two days
cialis can build up in the body
read more
| 2004-09-07T00:00:00 |
23,093 | mid year review - resume sally ,
per your request , here is a copy of my resume . the information is updated
through my role in investor relations which accounts for the review period .
i also provided your assistant with a summarized list of my projects for the
period and have attached that as well for you .
thanks and i look forward to visiting with you soon .
regards ,
shelly | 0 | ham | mid year review - resume | sally ,
per your request , here is a copy of my resume . the information is updated
through my role in investor relations which accounts for the review period .
i also provided your assistant with a summarized list of my projects for the
period and have attached that as well for you .
thanks and i look forward to visiting with you soon .
regards ,
shelly | 2000-07-20T00:00:00 |
32,761 | here ' s a hot piay in motion wysak petroleum ( wysk )
current price : o . 165
apr 25 , 20 o 5 - - wysak petroieum is pieased to report that due diligence is neariy complete in regards to the company ' s further planned | eases in the wyoming oi | region . management anticipates further news wil | be forthcoming shortiy and wi | | report on deveiopments as they occur .
targets inciude properties in the powder river basin region and western wyoming ' s green river basin . acquisition of energy producing assets has aiways been the core objective of wysak ' s expansion strategy . wysak wi | | strategically purchase | eases in know and proven oil they include exxonmobiie , williams gas and western gas , among others .
about wyoming oil & gas and coaibed methane ( cbm )
wyoming state has biliions of doilars in proven oi | and gas reserves . in 2 oo 2 , wyoming ranked second in the u . s . in proved reserves of natura | gas and seventh in proved reserves of crude oi | . co | | ectiveiy over 26 , 00 o we | | s produced 54 . 7 million barreis of oi | and 1 . 75 triilion cubic feet of natural gas . proved reserves of natural gas were at an ail - time high of 18 . 4 trillion cubic feet , while proved reserves of crude oi | were 489 million barrels .
reserves of cbm in the powder river basin are estimated at 31 . 8 triliion cubic feet . nearly 10 o welis are being dri | | ed each week , and the gas companies say the entire 8 miilion - acre basin could have 5 o , 000 to 100 , 0 oo producing wells before they are finished . this is the | argest onshore natura | gas play in north america within the | ast ten years .
about wysak petroleum
wysak is a diversified energy company whose goa | is to identify and develop
traditional fossil fue | sites , as wel | as clean air aiternative energy producing
technologies . wysak controls one wyoming federal oi | they inciude exxonmobile ( xom ) , wiliiams gas ( wmb ) ,
and western gas ( wgr ) among others . coilectiveiy , over 26 , ooo weils produced
54 . 7 mi | | ion barreis of oil and 1 . 75 trillion cubic feet of natural gas in
wyoming
conciusion :
the exampies above show the awesome , earning potentia | of little known companies that explode onto investor ' s radar screens ; many of you are aiready familiar with this . is wysk poised and positioned to do that for you ? then you may feel the time has come to act . . . and please watch this one trade friday ! go wysk .
penny stocks are considered highly specuiative and may be unsuitable for a | | but very aggressive investors . this profile is not in any way affiliated with the featured company . we were compensated 30 oo do | | ars to distribute this report . this report is for entertainment and advertising purposes only and should not be used as investment advice .
if you wish to stop future maiiings , or if you fee | you have been
wrongfuily piaced in our membership , please go here or send a blank
e mail with no thanks in the subject to
noneedl 009 @ yahoo . com | 1 | spam | here ' s a hot piay in motion | wysak petroleum ( wysk )
current price : o . 165
apr 25 , 20 o 5 - - wysak petroieum is pieased to report that due diligence is neariy complete in regards to the company ' s further planned | eases in the wyoming oi | region . management anticipates further news wil | be forthcoming shortiy and wi | | report on deveiopments as they occur .
targets inciude properties in the powder river basin region and western wyoming ' s green river basin . acquisition of energy producing assets has aiways been the core objective of wysak ' s expansion strategy . wysak wi | | strategically purchase | eases in know and proven oil they include exxonmobiie , williams gas and western gas , among others .
about wyoming oil & gas and coaibed methane ( cbm )
wyoming state has biliions of doilars in proven oi | and gas reserves . in 2 oo 2 , wyoming ranked second in the u . s . in proved reserves of natura | gas and seventh in proved reserves of crude oi | . co | | ectiveiy over 26 , 00 o we | | s produced 54 . 7 million barreis of oi | and 1 . 75 triilion cubic feet of natural gas . proved reserves of natural gas were at an ail - time high of 18 . 4 trillion cubic feet , while proved reserves of crude oi | were 489 million barrels .
reserves of cbm in the powder river basin are estimated at 31 . 8 triliion cubic feet . nearly 10 o welis are being dri | | ed each week , and the gas companies say the entire 8 miilion - acre basin could have 5 o , 000 to 100 , 0 oo producing wells before they are finished . this is the | argest onshore natura | gas play in north america within the | ast ten years .
about wysak petroleum
wysak is a diversified energy company whose goa | is to identify and develop
traditional fossil fue | sites , as wel | as clean air aiternative energy producing
technologies . wysak controls one wyoming federal oi | they inciude exxonmobile ( xom ) , wiliiams gas ( wmb ) ,
and western gas ( wgr ) among others . coilectiveiy , over 26 , ooo weils produced
54 . 7 mi | | ion barreis of oil and 1 . 75 trillion cubic feet of natural gas in
wyoming
conciusion :
the exampies above show the awesome , earning potentia | of little known companies that explode onto investor ' s radar screens ; many of you are aiready familiar with this . is wysk poised and positioned to do that for you ? then you may feel the time has come to act . . . and please watch this one trade friday ! go wysk .
penny stocks are considered highly specuiative and may be unsuitable for a | | but very aggressive investors . this profile is not in any way affiliated with the featured company . we were compensated 30 oo do | | ars to distribute this report . this report is for entertainment and advertising purposes only and should not be used as investment advice .
if you wish to stop future maiiings , or if you fee | you have been
wrongfuily piaced in our membership , please go here or send a blank
e mail with no thanks in the subject to
noneedl 009 @ yahoo . com | 2005-05-07T00:00:00 |
9,811 | be your own private eye online internet
investigator
- new for
2002 -
internet
software for online investigations
find
out anything about anyone
online
uncover
information about :
enemies ,
debtors ,
neighbors , friends , employees , co - workers , your boss , yourself ,
associates , former school or military buddies , even a new love
interest .
become
an internet investigator and explore an exciting new world of
valuable information .
with internet investigator
you can investigate :
people ,
credit
records , social security numbers , employment records , school
records , criminal records , driving records , addresses , phone
numbers ( even some unlisted ) , hidden assets , family trees
and
a whole lot more !
click
here for more information
unsubscribe instructions
this message is a commercial
advertisement . it is in full compliance with all federal and state laws
regarding email advertising , including the california business and professions
code . we have provided opt out email contact so you can
request to be taken off our mailing list . in addition we have placed
adv : in the subject line to provide you with notification
in advance that this is a commercial advertisement . we do not wish to
send our advertising to anyone who does not wish to receive it . if you would rather not receive any further information from
us , please click
to be taken off our list . in this way you can opt - out from
the list your email address was obtained from , whether it was opt - in
or otherwise . please allow 5 - 10 business days for your email address
to beprocessed and taken offall lists in our control . meanwhile ,
delete any duplicate emails that you may receive and rest assured that
your request will be honored . if you have previously requested to be
taken off this list and are still receiving this advertisement ,
you may call us at 1 - ( 888 ) 817 - 9902 , or write to : abuse control center ,
7657 winnetka ave . , suite 245 , canoga park , ca 91306 | 1 | spam | be your own private eye online | internet
investigator
- new for
2002 -
internet
software for online investigations
find
out anything about anyone
online
uncover
information about :
enemies ,
debtors ,
neighbors , friends , employees , co - workers , your boss , yourself ,
associates , former school or military buddies , even a new love
interest .
become
an internet investigator and explore an exciting new world of
valuable information .
with internet investigator
you can investigate :
people ,
credit
records , social security numbers , employment records , school
records , criminal records , driving records , addresses , phone
numbers ( even some unlisted ) , hidden assets , family trees
and
a whole lot more !
click
here for more information
unsubscribe instructions
this message is a commercial
advertisement . it is in full compliance with all federal and state laws
regarding email advertising , including the california business and professions
code . we have provided opt out email contact so you can
request to be taken off our mailing list . in addition we have placed
adv : in the subject line to provide you with notification
in advance that this is a commercial advertisement . we do not wish to
send our advertising to anyone who does not wish to receive it . if you would rather not receive any further information from
us , please click
to be taken off our list . in this way you can opt - out from
the list your email address was obtained from , whether it was opt - in
or otherwise . please allow 5 - 10 business days for your email address
to beprocessed and taken offall lists in our control . meanwhile ,
delete any duplicate emails that you may receive and rest assured that
your request will be honored . if you have previously requested to be
taken off this list and are still receiving this advertisement ,
you may call us at 1 - ( 888 ) 817 - 9902 , or write to : abuse control center ,
7657 winnetka ave . , suite 245 , canoga park , ca 91306
| 2002-08-05T00:00:00 |
28,561 | wild goose open season package expansion firm base load storage ( " bls " ) service open season
wild goose storage inc . is planning to expand its facility located in butte
county in northern california and connected to pg & e for service commencing
as early as april 1 , 2003 . this expansion could increase the facility
capacities as follows :
existing capacity capacity following
expansion
working gas volume 14 bcf 38
bcf
maximum injection rate 80 mmcfd 450 mmcfd
maximum withdrawal rate 200 mmcfd 650 mmcfd
this open season provides for an in - service date commencing april 1 , 2004
and an opportunity to participate in an " early service option " which could
have service available by april 1 , 2003 . the in - service date is subject to
cpuc approval by september 1 , 2002 and the successful completion of new
facility construction .
customer offers are required by 2 : 00 pm mst , tuesday may 22 , 2001
customer offers must be reasonably open for acceptance by wild goose storage
inc . until 2 : 00 pm mst , wednesday june 20 , 2001 subject only to significant
changes in market conditions and final approval of customer ' s management .
preference for offer acceptance will be toward longer - term contracts
( greater than 5 years ) and offers , which exceed 100 % of our rack rate . the
offer sheets are provided in microsoft excel and are set up to calculate the
percentage of rack rate for your convenience . it is the intent of wild goose
storage inc . to negotiate and conclude contracts with the participants
providing acceptable offers in this open season as close as possible to june
20 , 2001 . wild goose will announce to all contracted participants whether it
will proceed with the expansion in early august 2001 . wild goose storage
inc . reserves the right to not necessarily accept the highest priced offer
nor to award all or any of the storage capacity available .
a reasonable summary of the main terms and features of bls service is
attached for your convenience ( attached file - bls summary ) , but should not
be used as the sole terms by which service is to be provided . all service is
subject to the tariff schedules for natural gas storage service of wild
goose storage inc . , as approved by the public utilities commission of the
state of california .
for more information about wild goose storage inc . or to download a copy of
the entire tariff please refer to our web site at www . wildgoose - storage . com .
customer offers must include the following :
a ) completed offer forms ( attached file - offer sheets ) for each period of
service including :
* the amount of inventory capacity required for each april to march
period during the term
* the amount of maximum daily injection quantity required by month
during the term
* the amount of maximum daily withdrawal quantity required by month
during the term
* the total storage demand charge for each april to march period
during the term
* the injection commodity rate for each april to march period during
the term
* the withdrawal commodity rate for each april to march period during
the term
* a signature from an authorized employee of the company verifying the
offer
in the ' offer sheets ' file attachment you will find the following tabs at
the bottom :
* an offer sheet in excel format
* a manual offer sheet which can be printed out and filled in by hand
* an example offer
b ) an executed storage services agreement ( attached file - storage services
agreement ) unless your company already has one on file with wild goose
storage inc .
early service option
once wild goose storage inc . gives notice in early august 2001 to proceed
with the expansion , every effort will be made to complete construction as
early as possible . notice will be given by november 1 , 2002 if service will
be available earlier than april 1 , 2004 . all contracted participants will
have the right , but not the obligation , to amend their contracts to the
earlier term start date and add this additional service to their existing
contracts at the same fees negotiated for the first year of service
commencing april 1 , 2004 .
rack rates
our rates are ' market based ' meaning they are fully negotiable , but
our ' rack rates ' are as follows :
monthly storage demand charges
* inventory ( $ / dth ) $ 0 . 03
* injection ( $ / dth / day ) $ 3 . 00
* withdrawal ( $ / dth / day ) $ 2 . 00
variable charges
* injection commodity rate ( $ / dth ) $ 0 . 02
* withdrawal commodity rate ( $ / dth ) $ 0 . 02
fuel charges
in addition to the demand and variable charges described above , fuel costs
are also charged based on actual consumption by customer and the value of
the gas on a daily basis . fuel consumption is expected to be between 1 . 25 to
1 . 75 % . for details , please refer to the wild goose tariff .
if you have any questions about this matter or need hard copies , please
contact either ben ledene with wild goose in calgary at ( 403 ) 266 - 8192 or
chris price and mark baldwin with interstate gas services in california at
( 925 ) 243 - 0350 .
> > > >
- bls summary . doc
- expansion offer sheet . xls
- storage services agreement . doc
- wild goose expansion open season . doc | 0 | ham | wild goose open season package | expansion firm base load storage ( " bls " ) service open season
wild goose storage inc . is planning to expand its facility located in butte
county in northern california and connected to pg & e for service commencing
as early as april 1 , 2003 . this expansion could increase the facility
capacities as follows :
existing capacity capacity following
expansion
working gas volume 14 bcf 38
bcf
maximum injection rate 80 mmcfd 450 mmcfd
maximum withdrawal rate 200 mmcfd 650 mmcfd
this open season provides for an in - service date commencing april 1 , 2004
and an opportunity to participate in an " early service option " which could
have service available by april 1 , 2003 . the in - service date is subject to
cpuc approval by september 1 , 2002 and the successful completion of new
facility construction .
customer offers are required by 2 : 00 pm mst , tuesday may 22 , 2001
customer offers must be reasonably open for acceptance by wild goose storage
inc . until 2 : 00 pm mst , wednesday june 20 , 2001 subject only to significant
changes in market conditions and final approval of customer ' s management .
preference for offer acceptance will be toward longer - term contracts
( greater than 5 years ) and offers , which exceed 100 % of our rack rate . the
offer sheets are provided in microsoft excel and are set up to calculate the
percentage of rack rate for your convenience . it is the intent of wild goose
storage inc . to negotiate and conclude contracts with the participants
providing acceptable offers in this open season as close as possible to june
20 , 2001 . wild goose will announce to all contracted participants whether it
will proceed with the expansion in early august 2001 . wild goose storage
inc . reserves the right to not necessarily accept the highest priced offer
nor to award all or any of the storage capacity available .
a reasonable summary of the main terms and features of bls service is
attached for your convenience ( attached file - bls summary ) , but should not
be used as the sole terms by which service is to be provided . all service is
subject to the tariff schedules for natural gas storage service of wild
goose storage inc . , as approved by the public utilities commission of the
state of california .
for more information about wild goose storage inc . or to download a copy of
the entire tariff please refer to our web site at www . wildgoose - storage . com .
customer offers must include the following :
a ) completed offer forms ( attached file - offer sheets ) for each period of
service including :
* the amount of inventory capacity required for each april to march
period during the term
* the amount of maximum daily injection quantity required by month
during the term
* the amount of maximum daily withdrawal quantity required by month
during the term
* the total storage demand charge for each april to march period
during the term
* the injection commodity rate for each april to march period during
the term
* the withdrawal commodity rate for each april to march period during
the term
* a signature from an authorized employee of the company verifying the
offer
in the ' offer sheets ' file attachment you will find the following tabs at
the bottom :
* an offer sheet in excel format
* a manual offer sheet which can be printed out and filled in by hand
* an example offer
b ) an executed storage services agreement ( attached file - storage services
agreement ) unless your company already has one on file with wild goose
storage inc .
early service option
once wild goose storage inc . gives notice in early august 2001 to proceed
with the expansion , every effort will be made to complete construction as
early as possible . notice will be given by november 1 , 2002 if service will
be available earlier than april 1 , 2004 . all contracted participants will
have the right , but not the obligation , to amend their contracts to the
earlier term start date and add this additional service to their existing
contracts at the same fees negotiated for the first year of service
commencing april 1 , 2004 .
rack rates
our rates are ' market based ' meaning they are fully negotiable , but
our ' rack rates ' are as follows :
monthly storage demand charges
* inventory ( $ / dth ) $ 0 . 03
* injection ( $ / dth / day ) $ 3 . 00
* withdrawal ( $ / dth / day ) $ 2 . 00
variable charges
* injection commodity rate ( $ / dth ) $ 0 . 02
* withdrawal commodity rate ( $ / dth ) $ 0 . 02
fuel charges
in addition to the demand and variable charges described above , fuel costs
are also charged based on actual consumption by customer and the value of
the gas on a daily basis . fuel consumption is expected to be between 1 . 25 to
1 . 75 % . for details , please refer to the wild goose tariff .
if you have any questions about this matter or need hard copies , please
contact either ben ledene with wild goose in calgary at ( 403 ) 266 - 8192 or
chris price and mark baldwin with interstate gas services in california at
( 925 ) 243 - 0350 .
> > > >
- bls summary . doc
- expansion offer sheet . xls
- storage services agreement . doc
- wild goose expansion open season . doc | 2001-04-11T00:00:00 |
20,392 | new product ! cialis soft tabs . hi !
we have a new product that we offer to you , c _ i _ a _ l _ i _ s soft tabs ,
cialis soft tabs is the new impotence treatment drug that everyone is talking
about . soft tabs acts up to 36 hours , compare this to only two or three hours
of viagra action ! the active ingredient is tadalafil , same as in brand cialis .
simply disolve half a pill under your tongue , 10 min before sex , for the best
erections you ' ve ever had !
soft tabs also have less sidebacks ( you can drive or mix alcohol drinks with them ) .
you can get it at : http : / / web 4 deals . com / soft /
no thanks : http : / / web 4 deals . com / rr . php | 1 | spam | new product ! cialis soft tabs . | hi !
we have a new product that we offer to you , c _ i _ a _ l _ i _ s soft tabs ,
cialis soft tabs is the new impotence treatment drug that everyone is talking
about . soft tabs acts up to 36 hours , compare this to only two or three hours
of viagra action ! the active ingredient is tadalafil , same as in brand cialis .
simply disolve half a pill under your tongue , 10 min before sex , for the best
erections you ' ve ever had !
soft tabs also have less sidebacks ( you can drive or mix alcohol drinks with them ) .
you can get it at : http : / / web 4 deals . com / soft /
no thanks : http : / / web 4 deals . com / rr . php
| 2004-11-15T00:00:00 |
26,312 | are you ready to get it ? hello !
viagra is the # 1 med to struggle with mens ' erectile dysfunction .
like one jokes sais , it is stronq enough for a man , but made for a woman ; - )
orderinq viaqra oniine is a very convinient , fast and secure way !
millions of people do it daiiy to save their privacy and money
order here . . . | 1 | spam | are you ready to get it ? | hello !
viagra is the # 1 med to struggle with mens ' erectile dysfunction .
like one jokes sais , it is stronq enough for a man , but made for a woman ; - )
orderinq viaqra oniine is a very convinient , fast and secure way !
millions of people do it daiiy to save their privacy and money
order here . . .
| 2005-07-02T00:00:00 |
12,829 | competitive analysis update # 12 - us terrorism attacks ( economic impact assessment )
please contact brendan fitzsimmons ( x 54763 ) or robert johnston ( x 39934 ) for further information . | 0 | ham | competitive analysis update # 12 - us terrorism attacks ( economic | impact assessment )
please contact brendan fitzsimmons ( x 54763 ) or robert johnston ( x 39934 ) for further information . | 2001-09-13T00:00:00 |
4,425 | play on ocean treasure casino , get $ 300 bonus ! grand opening - ocean treasure online casino .
enjoy real casino action on your desktop with these
exciting promotional offers :
get $ 300 bonus on your first deposit !
enter this code in the casino software ' s cashier : x 3 daw
get $ 10 free , no deposit needed ! enter this code : frlee
allow us to show you our quality operation , fast payouts ,
generous bonuses , and super friendly around - the - clock
customer support .
go here : http : / / otcasino . biz
best regards ,
steven hughes
no thanks : http : / / otcasino . biz / u / | 1 | spam | play on ocean treasure casino , get $ 300 bonus ! | grand opening - ocean treasure online casino .
enjoy real casino action on your desktop with these
exciting promotional offers :
get $ 300 bonus on your first deposit !
enter this code in the casino software ' s cashier : x 3 daw
get $ 10 free , no deposit needed ! enter this code : frlee
allow us to show you our quality operation , fast payouts ,
generous bonuses , and super friendly around - the - clock
customer support .
go here : http : / / otcasino . biz
best regards ,
steven hughes
no thanks : http : / / otcasino . biz / u /
| 2004-10-30T00:00:00 |
12,083 | lme turnovers fall , long - established trend halted - reuters ( eol mention )
uk :
lme turnovers fall , long - established trend halted .
07 / 03 / 2001
reuters english news service
( c ) reuters limited 2001 .
london , july 3 ( reuters ) - first - half volumes on the london metal exchange
( lme ) fell nearly 16 percent from year - ago levels amid signs that years of
rising turnover on the world ' s largest non - ferrous metals market may be coming
to an end .
traders said this year had seen volumes affected by the general downturn in
global economies , weakening prices and the knock - on impact of electronic
screen trading .
" the problem is the general conditions that are prevailing at the moment - we
are seeing recessionary signs that are dampening the market . it is cyclical ,
and that is the worry because the cycle is lasting some time , " one said .
figures released on tuesday by the lme showed that total futures and options
turnover during jan / june 2001 fell to 29 . 899 million lots , down from a
jan / june 2000 level of 35 . 440 million .
traded options turnovers were significantly lower , falling to 1 . 481 million
lots from 2 . 784 million as reduced volatility deterred options interest .
although the lme derives much of its liquidity from speculators , the bulk of
its trade comes from the metals industry - hedging and price protection .
" there is consumer and producer business around , but they are very selective
at the moment , " another trader said .
whether the trend continued throughout the year amd marked a sea - change after
some 10 years of almost uninterrupted volume growth may depend on market
conditions improving .
most of this year has seen prices progressively weaker , with copper recently
at its lowest since july 1999 , zinc and tin at levels last seen nearly eight
years ago , lead at a 12 - month low - point and nickel and aluminium at two - month
lows .
although prices have been softer , there have been occasions when tightness has
prevailed in some markets , lifting spot premiums , but these do not generate
trades .
" these squeezes that have taken place this year in copper , aluminium and tin
in particular have not helped , " the second trader said .
when the market moves from contango , when nearby prices are cheaper than
forward , into backwardation , which is the opposite , hedging dries up .
the last year has also seen electronic trading take off , with competitors such
as enron online and spectron metals grabbing business . the lme has also
sanctioned and launched its own system - known as lme select .
these still trade lme contracts , so the turnovers are not directly hit , but
screen - trading itself may be a factor .
" in some ways the screens , whoever they belong to , may be the problem , " one
said .
" in the old days , you used to talk to people more , get a feel for the market ,
and take a punt . not so much now - the big boys still chat , but not as much ,
and with the screens it is almost a ' matched bargain ' situation , " he said .
folder name : enron reuters folder
relevance score on scale of 100 : 83
to review or revise your folder , visit http : / / www . djinteractive . com 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 | lme turnovers fall , long - established trend halted - reuters ( eol | mention )
uk :
lme turnovers fall , long - established trend halted .
07 / 03 / 2001
reuters english news service
( c ) reuters limited 2001 .
london , july 3 ( reuters ) - first - half volumes on the london metal exchange
( lme ) fell nearly 16 percent from year - ago levels amid signs that years of
rising turnover on the world ' s largest non - ferrous metals market may be coming
to an end .
traders said this year had seen volumes affected by the general downturn in
global economies , weakening prices and the knock - on impact of electronic
screen trading .
" the problem is the general conditions that are prevailing at the moment - we
are seeing recessionary signs that are dampening the market . it is cyclical ,
and that is the worry because the cycle is lasting some time , " one said .
figures released on tuesday by the lme showed that total futures and options
turnover during jan / june 2001 fell to 29 . 899 million lots , down from a
jan / june 2000 level of 35 . 440 million .
traded options turnovers were significantly lower , falling to 1 . 481 million
lots from 2 . 784 million as reduced volatility deterred options interest .
although the lme derives much of its liquidity from speculators , the bulk of
its trade comes from the metals industry - hedging and price protection .
" there is consumer and producer business around , but they are very selective
at the moment , " another trader said .
whether the trend continued throughout the year amd marked a sea - change after
some 10 years of almost uninterrupted volume growth may depend on market
conditions improving .
most of this year has seen prices progressively weaker , with copper recently
at its lowest since july 1999 , zinc and tin at levels last seen nearly eight
years ago , lead at a 12 - month low - point and nickel and aluminium at two - month
lows .
although prices have been softer , there have been occasions when tightness has
prevailed in some markets , lifting spot premiums , but these do not generate
trades .
" these squeezes that have taken place this year in copper , aluminium and tin
in particular have not helped , " the second trader said .
when the market moves from contango , when nearby prices are cheaper than
forward , into backwardation , which is the opposite , hedging dries up .
the last year has also seen electronic trading take off , with competitors such
as enron online and spectron metals grabbing business . the lme has also
sanctioned and launched its own system - known as lme select .
these still trade lme contracts , so the turnovers are not directly hit , but
screen - trading itself may be a factor .
" in some ways the screens , whoever they belong to , may be the problem , " one
said .
" in the old days , you used to talk to people more , get a feel for the market ,
and take a punt . not so much now - the big boys still chat , but not as much ,
and with the screens it is almost a ' matched bargain ' situation , " he said .
folder name : enron reuters folder
relevance score on scale of 100 : 83
to review or revise your folder , visit http : / / www . djinteractive . com 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 | 2001-07-04T00:00:00 |
32,403 | choose reliable e - supplier for quality remedy with a wide selection of remedy on promo , e - chemist represents value and
benefits .
you can always capture top ones on analgesic , blues , distress , man ' s
health , sleeping aids , obesity and others .
browse the affordable ones at cyber chemist .
http : / / c . 6 f 4 . keeplookingtill . com / mo /
provide you all quick handling - - truly impressive
check the super promo rebate and value from access .
quick and reliable case profile review
it is such a great choice . it is my selection for quality remedy and
lolerprice . with the quick handling , i got convenience and super value at
your store . - - lydia l . in mt
tell everything i know . youknow it all very well , don ' t you , old lady ? " a
corpse . the
y did not scream , as if they kn ewthat at a burial silence should be
observed . so soon as she lay in theearth , the bi
rds disappeared ; but on the same evening in jutland , atthe old manor house ,
an enormous num
nge fishes in thedeep beneath them , and of what the divers had seen there ;
and shesmiled at his town 7 wood , descriptions , for she 7 and steeples ; | 1 | spam | choose reliable e - supplier for quality remedy | with a wide selection of remedy on promo , e - chemist represents value and
benefits .
you can always capture top ones on analgesic , blues , distress , man ' s
health , sleeping aids , obesity and others .
browse the affordable ones at cyber chemist .
http : / / c . 6 f 4 . keeplookingtill . com / mo /
provide you all quick handling - - truly impressive
check the super promo rebate and value from access .
quick and reliable case profile review
it is such a great choice . it is my selection for quality remedy and
lolerprice . with the quick handling , i got convenience and super value at
your store . - - lydia l . in mt
tell everything i know . youknow it all very well , don ' t you , old lady ? " a
corpse . the
y did not scream , as if they kn ewthat at a burial silence should be
observed . so soon as she lay in theearth , the bi
rds disappeared ; but on the same evening in jutland , atthe old manor house ,
an enormous num
nge fishes in thedeep beneath them , and of what the divers had seen there ;
and shesmiled at his town 7 wood , descriptions , for she 7 and steeples ; | 2005-04-05T00:00:00 |
14,515 | i chatted with jim - everything ' s cool . call me when you need me . one question ( sally mentioned it ) - is bob hall ' in ' ? she saw a list that had him in and excluded myself - is that an old list - hopefully . . . . ?
if i ' m a first reserve for bob or am i incremental ? just keep me posted . i won ' t be offended .
b . | 0 | ham | i chatted with jim - everything ' s cool . call me when you need me . | one question ( sally mentioned it ) - is bob hall ' in ' ? she saw a list that had him in and excluded myself - is that an old list - hopefully . . . . ?
if i ' m a first reserve for bob or am i incremental ? just keep me posted . i won ' t be offended .
b . | 2002-01-02T00:00:00 |
12,073 | 2001 world energy congress the 2001 world energy congress has extended a formal invitation enron to act as the chairman of the energy e commerce round table . this years congress will be held in buenos aires october 21 st through october 25 th and the specific round table discussion will occur wednesday october 24 , 2001 from 4 : 00 pm to 5 : 00 pm .
joe kishkill and orlando gonzales have asked me to discuss this opportunity with you and seek out your interest in representing enron as the chairman of the round table . in the event this is inconvenient for they have suggested greg piper as well . based upon your desire we will advance with securing this opportunity .
i have summarised enron ' s strategic interest below to give you a sense of the nature and importance of the event itself .
enron south american companies in argentina , bolivia , brazil
argentina tgs pipeline
argentina modesto maranzana power plant
bolivia transredes pipeline
brazil ceg / riogas gas distribution
brazil cuiaba power plant
brazil electrobolt power plant
brazil electro power distribution company
brazil southern and northern gas ldcs
significant commercial resources committed to the liberalisation and commercialisation of the south american energy market
sao paulo commercial office
buenos aires commercial office
critical point in energy market liberalisation driven by today ' s
brazilian energy crisis
argentine economic crisis
chairman of e commerce round table for the advancement of cultural and commercial acceptance of commodity e commerce
chairman to be named
participants david clementz , president , chevron information technology co . & chevron e - business development co . , usa
craig hodges , vice president , global marketing , chemical & petroleum industry , ibm corporation , usa
laszlo kapolyi , ceo & chairman of the board , system consulting corporation , hungary
carlos pappier , e - business director , tenaris , argentina
enron ' s status of participation in the world energy congress
enron has budgeted $ 150 , 000 for the participation in the world energy congress
enron has a reserved an exhibition space of 100 square meters
enron will host one private reception for 100 key energy and political leaders and various smaller group meetings
enron participation is expected to be approximately 20 local , regional and international representatives
please advise how you wish to proceed .
regards
mfg | 0 | ham | 2001 world energy congress | the 2001 world energy congress has extended a formal invitation enron to act as the chairman of the energy e commerce round table . this years congress will be held in buenos aires october 21 st through october 25 th and the specific round table discussion will occur wednesday october 24 , 2001 from 4 : 00 pm to 5 : 00 pm .
joe kishkill and orlando gonzales have asked me to discuss this opportunity with you and seek out your interest in representing enron as the chairman of the round table . in the event this is inconvenient for they have suggested greg piper as well . based upon your desire we will advance with securing this opportunity .
i have summarised enron ' s strategic interest below to give you a sense of the nature and importance of the event itself .
enron south american companies in argentina , bolivia , brazil
argentina tgs pipeline
argentina modesto maranzana power plant
bolivia transredes pipeline
brazil ceg / riogas gas distribution
brazil cuiaba power plant
brazil electrobolt power plant
brazil electro power distribution company
brazil southern and northern gas ldcs
significant commercial resources committed to the liberalisation and commercialisation of the south american energy market
sao paulo commercial office
buenos aires commercial office
critical point in energy market liberalisation driven by today ' s
brazilian energy crisis
argentine economic crisis
chairman of e commerce round table for the advancement of cultural and commercial acceptance of commodity e commerce
chairman to be named
participants david clementz , president , chevron information technology co . & chevron e - business development co . , usa
craig hodges , vice president , global marketing , chemical & petroleum industry , ibm corporation , usa
laszlo kapolyi , ceo & chairman of the board , system consulting corporation , hungary
carlos pappier , e - business director , tenaris , argentina
enron ' s status of participation in the world energy congress
enron has budgeted $ 150 , 000 for the participation in the world energy congress
enron has a reserved an exhibition space of 100 square meters
enron will host one private reception for 100 key energy and political leaders and various smaller group meetings
enron participation is expected to be approximately 20 local , regional and international representatives
please advise how you wish to proceed .
regards
mfg | 2001-07-03T00:00:00 |
824 | revised volumes - - - - - - - - - - - - - - - - - - - - - - forwarded by ami chokshi / corp / enron on 05 / 25 / 2000
03 : 08 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
" steve holmes " on 05 / 25 / 2000 03 : 05 : 01 pm
to :
cc :
subject : revised volumes
ami ,
the attached reflects revised volumes and pvr factors for june . i am still
waiting on final volumes on a couple of non - operated wells and pvr factors
from tennessee . i ' ll send you the co - owner volumes this afternoon as well .
steve
- enronavailso 600 revised . xls | 0 | ham | revised volumes | - - - - - - - - - - - - - - - - - - - - - - forwarded by ami chokshi / corp / enron on 05 / 25 / 2000
03 : 08 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
" steve holmes " on 05 / 25 / 2000 03 : 05 : 01 pm
to :
cc :
subject : revised volumes
ami ,
the attached reflects revised volumes and pvr factors for june . i am still
waiting on final volumes on a couple of non - operated wells and pvr factors
from tennessee . i ' ll send you the co - owner volumes this afternoon as well .
steve
- enronavailso 600 revised . xls | 2000-05-25T00:00:00 |
21,002 | investment news hot stock , looks big for tuesday investor alert - lrcj - brand new stock for your attention
lauraan corporation - stock symbol : lrcj
breaking news released by the company on friday after the close - watch out the stock go crazy on tuesday morning 18 th of january .
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - current price : $ 0 . 10
projected speculative price in next 5 days : $ 0 . 45 projected speculative price in next 15 days : $ 0 . 65 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
lauraan corporation ( lauraan ) is a premier provider of home entertainment and home automation products and services to the new home market . the company sells 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 developing its business , nationwide , through acquisitions of existing home technology companies in select markets throughout the country . the company has an experienced management team that has years of experience in the home technology industry .
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - current price : $ 0 . 10
projected speculative price in next 5 days : $ 0 . 45 projected speculative price in next 15 days : $ 0 . 65 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
current statuslauraan has completed its first acquisition , syslync of georgia ( georgia ) . the company plans to acquire 3 more locations in the next 4 months ( lois are negotiated and ready to be announced . ) georgia currently has annualized revenues of $ 500 k and is expected to double its monthly revenue in the next 6 months . the three next acquisitions will add an additional $ 2 . 5 million in revenue .
long - term strategythe company plans to raise funds to make acquisitions throughout strategic new home markets and create a national brand with revenues of $ 50 - 75 million by 2007 . lauraan will be recognized for its quality of service , value provided , and the simplicity of its solutions .
breaking news : lauraan corporation announces new servicing and builder agreements = = = = = = = = = = = = = = = = = = = = = = = = = = = = grapevine , texas , jan 14 , 2005 / prnewswire - firstcall via comtex / - - lauraan corporation ( lrcj ) ( " lauraan " ) , a provider of home entertainment and automation products for the new home market , announced today that their wholly - owned subsidiary , syslync of georgia , ( syslync ) has completed an exclusive agreement with certicom , inc . a national provider of home and commercial security systems , to service their residential accounts in the atlanta area . in addition , syslync has been named the sole installer for new installations of residential alarms for certicom and will be their provider of other home technology products too .
syslync also announced today that they were selected as the preferred provider of home technology products and services for atlanta - based lou freeman properties , inc . , a developer and builder of custom homes in the $ 200 , 000 to $ 1 , 000 , 000 plus , range .
" these two agreements will more than double the homes we touch throughout the atlanta area , " stated david watson , general manager of syslync , " and the agreements will provide syslync with steady , recurring revenue streams important to our profitability . "
lauraan is a home entertainment and technology solutions 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 directly with builders and homeowners , to design and install home technology solutions that fit the homeowner ' s lifestyle and budget .
safe harbor act disclaimer : this press release 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 involve risks and uncertainties . forward - looking statements , which are based on certain assumptions and describe future plans , strategies , and expectations , are generally identifiable by the use of words such as " believe , " " expect , " " intend " " anticipate , " " estimate , " " project , " or similar expressions . these forward - looking statements relate to , among other things , expectations of the business environment in which the company operates , projections of future performance , potential future performance , perceived opportunities in the market , and statements regarding the company ' s mission and vision . the company ' s actual results , performance , and achievements may differ materially from the results , performance , and achievements expressed or implied in such forward - looking statements due to a wide range of factors which are set forth in our annual report on form 10 - ksb on file with the sec .
read this legal notes before you do anything else : + = + = + = + = + = + = + = + = + = + = + = + = + = + = + = + =
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 , goals , expectations , beliefs , plans , projections , objectives , 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 " , " estimates , " " believes , " " understands " " will , " " part of : " anticipates , " or that by statements indicating certain actions " may , " " could , " or " might " occur . all information provided within this email pertaining to investing , stocks , securities must be understood as information provided and not investment advice . emerging equity alert 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 . please have in mind that the interpretation of the witer of this newsletter 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 release meant to say . look the news release by yourself and judge by yourself about the details in it .
in compliance with section 17 ( b ) , we disclose the holding of lrcj shares prior to the publication of this report . be aware of an inherent conflict of interest resulting from such holdings due to our intent to profit from the liquidation of these shares . shares may be sold 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 publication are cautioned not to place undue reliance on forward - looking statements , which are based on certain assumptions and expectations involving various risks and uncertainties , that could cause results to differ materially from those set forth in the forward - looking statements .
please be advised that nothing within this email shall constitute a solicitation or an invitation to get position in or sell any security mentioned herein . this newsletter is neither a registered investment advisor nor affiliated with any broker or dealer . this newsletter was paid $ 19560 from third party to send this report . all statements made are our express opinion only and should be treated as such . we may own , take position and sell any securities mentioned at any time . this report includes forward - looking statements within the meaning of the private securities litigation reform act of 1995 . these statements may include terms as " expect " , " believe " , " may " , " will " , " move " , " undervalued " and " intend " or similar terms . | 1 | spam | investment news hot stock , looks big for tuesday | investor alert - lrcj - brand new stock for your attention
lauraan corporation - stock symbol : lrcj
breaking news released by the company on friday after the close - watch out the stock go crazy on tuesday morning 18 th of january .
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - current price : $ 0 . 10
projected speculative price in next 5 days : $ 0 . 45 projected speculative price in next 15 days : $ 0 . 65 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
lauraan corporation ( lauraan ) is a premier provider of home entertainment and home automation products and services to the new home market . the company sells 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 developing its business , nationwide , through acquisitions of existing home technology companies in select markets throughout the country . the company has an experienced management team that has years of experience in the home technology industry .
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - current price : $ 0 . 10
projected speculative price in next 5 days : $ 0 . 45 projected speculative price in next 15 days : $ 0 . 65 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
current statuslauraan has completed its first acquisition , syslync of georgia ( georgia ) . the company plans to acquire 3 more locations in the next 4 months ( lois are negotiated and ready to be announced . ) georgia currently has annualized revenues of $ 500 k and is expected to double its monthly revenue in the next 6 months . the three next acquisitions will add an additional $ 2 . 5 million in revenue .
long - term strategythe company plans to raise funds to make acquisitions throughout strategic new home markets and create a national brand with revenues of $ 50 - 75 million by 2007 . lauraan will be recognized for its quality of service , value provided , and the simplicity of its solutions .
breaking news : lauraan corporation announces new servicing and builder agreements = = = = = = = = = = = = = = = = = = = = = = = = = = = = grapevine , texas , jan 14 , 2005 / prnewswire - firstcall via comtex / - - lauraan corporation ( lrcj ) ( " lauraan " ) , a provider of home entertainment and automation products for the new home market , announced today that their wholly - owned subsidiary , syslync of georgia , ( syslync ) has completed an exclusive agreement with certicom , inc . a national provider of home and commercial security systems , to service their residential accounts in the atlanta area . in addition , syslync has been named the sole installer for new installations of residential alarms for certicom and will be their provider of other home technology products too .
syslync also announced today that they were selected as the preferred provider of home technology products and services for atlanta - based lou freeman properties , inc . , a developer and builder of custom homes in the $ 200 , 000 to $ 1 , 000 , 000 plus , range .
" these two agreements will more than double the homes we touch throughout the atlanta area , " stated david watson , general manager of syslync , " and the agreements will provide syslync with steady , recurring revenue streams important to our profitability . "
lauraan is a home entertainment and technology solutions 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 directly with builders and homeowners , to design and install home technology solutions that fit the homeowner ' s lifestyle and budget .
safe harbor act disclaimer : this press release 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 involve risks and uncertainties . forward - looking statements , which are based on certain assumptions and describe future plans , strategies , and expectations , are generally identifiable by the use of words such as " believe , " " expect , " " intend " " anticipate , " " estimate , " " project , " or similar expressions . these forward - looking statements relate to , among other things , expectations of the business environment in which the company operates , projections of future performance , potential future performance , perceived opportunities in the market , and statements regarding the company ' s mission and vision . the company ' s actual results , performance , and achievements may differ materially from the results , performance , and achievements expressed or implied in such forward - looking statements due to a wide range of factors which are set forth in our annual report on form 10 - ksb on file with the sec .
read this legal notes before you do anything else : + = + = + = + = + = + = + = + = + = + = + = + = + = + = + = + =
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 , goals , expectations , beliefs , plans , projections , objectives , 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 " , " estimates , " " believes , " " understands " " will , " " part of : " anticipates , " or that by statements indicating certain actions " may , " " could , " or " might " occur . all information provided within this email pertaining to investing , stocks , securities must be understood as information provided and not investment advice . emerging equity alert 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 . please have in mind that the interpretation of the witer of this newsletter 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 release meant to say . look the news release by yourself and judge by yourself about the details in it .
in compliance with section 17 ( b ) , we disclose the holding of lrcj shares prior to the publication of this report . be aware of an inherent conflict of interest resulting from such holdings due to our intent to profit from the liquidation of these shares . shares may be sold 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 publication are cautioned not to place undue reliance on forward - looking statements , which are based on certain assumptions and expectations involving various risks and uncertainties , that could cause results to differ materially from those set forth in the forward - looking statements .
please be advised that nothing within this email shall constitute a solicitation or an invitation to get position in or sell any security mentioned herein . this newsletter is neither a registered investment advisor nor affiliated with any broker or dealer . this newsletter was paid $ 19560 from third party to send this report . all statements made are our express opinion only and should be treated as such . we may own , take position and sell any securities mentioned at any time . this report includes forward - looking statements within the meaning of the private securities litigation reform act of 1995 . these statements may include terms as " expect " , " believe " , " may " , " will " , " move " , " undervalued " and " intend " or similar terms .
| 2005-01-17T00:00:00 |
23,195 | test results of eol management report this is the preliminary results of " round 2 " of testing the management
report . i will give you the highlights tomorrow in our meeting . ( stephen ' s
comments pretty much cover it ) .
sheri
- - - - - - - - - - - - - - - - - - - - - - forwarded by sheri thomas / hou / ect on 08 / 28 / 2000 09 : 16
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : sheri thomas
08 / 28 / 2000 09 : 17 am
to : andy zipper / corp / enron @ enron
cc :
subject : test results of eol management report
let me know if you want us to go over this with you .
sheri
- - - - - - - - - - - - - - - - - - - - - - forwarded by sheri thomas / hou / ect on 08 / 28 / 2000 09 : 15
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : stephen simpson @ enron on 08 / 25 / 2000 06 : 19 pm
to : louise kitchen / hou / ect @ ect
cc : david forster / corp / enron @ enron , torrey moorer / hou / ect @ ect , sheri
thomas / hou / ect @ ect , mark thibodeaux / hou / ect @ ect , andrew
parsons / corp / enron @ enron
subject : test results of eol management report
louise ,
i have attached a draft of the newly revised report on our test results of
the eol management report for your review . please keep in mind this is a
tentative draft . mark and andrew still want to perform some qa on the
results and torrey is still looking into some of the observations .
to summarize , we observed a significant improvement from the last test we
performed a few months ago . the systemic problems that created a large
volume of the discrepancies in our previous testing have been greatly
reduced . the majority of the discrepancies identified in the most recent
testing are primarily a result of random data entry errors and some deal
booking changes made in the back office without the product control group ' s
knowledge . torrey has already corrected the most significant discrepancies
and is continuing to investigate the smaller items .
andrew and i will both be on vacation for the week of august 28 . when we
return , we will set up a meeting with you and dave to discuss the final
results once torrey has had time to conclude his research .
steve | 0 | ham | test results of eol management report | this is the preliminary results of " round 2 " of testing the management
report . i will give you the highlights tomorrow in our meeting . ( stephen ' s
comments pretty much cover it ) .
sheri
- - - - - - - - - - - - - - - - - - - - - - forwarded by sheri thomas / hou / ect on 08 / 28 / 2000 09 : 16
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : sheri thomas
08 / 28 / 2000 09 : 17 am
to : andy zipper / corp / enron @ enron
cc :
subject : test results of eol management report
let me know if you want us to go over this with you .
sheri
- - - - - - - - - - - - - - - - - - - - - - forwarded by sheri thomas / hou / ect on 08 / 28 / 2000 09 : 15
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : stephen simpson @ enron on 08 / 25 / 2000 06 : 19 pm
to : louise kitchen / hou / ect @ ect
cc : david forster / corp / enron @ enron , torrey moorer / hou / ect @ ect , sheri
thomas / hou / ect @ ect , mark thibodeaux / hou / ect @ ect , andrew
parsons / corp / enron @ enron
subject : test results of eol management report
louise ,
i have attached a draft of the newly revised report on our test results of
the eol management report for your review . please keep in mind this is a
tentative draft . mark and andrew still want to perform some qa on the
results and torrey is still looking into some of the observations .
to summarize , we observed a significant improvement from the last test we
performed a few months ago . the systemic problems that created a large
volume of the discrepancies in our previous testing have been greatly
reduced . the majority of the discrepancies identified in the most recent
testing are primarily a result of random data entry errors and some deal
booking changes made in the back office without the product control group ' s
knowledge . torrey has already corrected the most significant discrepancies
and is continuing to investigate the smaller items .
andrew and i will both be on vacation for the week of august 28 . when we
return , we will set up a meeting with you and dave to discuss the final
results once torrey has had time to conclude his research .
steve | 2000-08-28T00:00:00 |
12,084 | abb turbines - status re resolving the transfer issues louise ,
we received your note of july 2 . rather than forcing you into the role of arbitrator at the outset , we decided to try to resolve the turbine transfer issues with chris calger first . accordingly we had forwarded a proposal to chris on friday , and together with chris we worked out a revised proposal yesterday , incorporating some of the concepts in your note . chris will be reviewing the revised proposal with ben tomorrow to get his input , and chris planned to touch base with you afterwards . | 0 | ham | abb turbines - status re resolving the transfer issues | louise ,
we received your note of july 2 . rather than forcing you into the role of arbitrator at the outset , we decided to try to resolve the turbine transfer issues with chris calger first . accordingly we had forwarded a proposal to chris on friday , and together with chris we worked out a revised proposal yesterday , incorporating some of the concepts in your note . chris will be reviewing the revised proposal with ben tomorrow to get his input , and chris planned to touch base with you afterwards . | 2001-07-04T00:00:00 |
10,519 | save your money by getting an oem software ! need in software for your pc ? just visit our site , we might have what you need . . .
best regards ,
shiloh | 1 | spam | save your money by getting an oem software ! | need in software for your pc ? just visit our site , we might have what you need . . .
best regards ,
shiloh
| 2005-07-04T00:00:00 |
7,263 | eprm vince ,
?
could you please provide me with an indication on whether you will be able
to review the latest eprm article in the next day or so ? ?
?
look forward to hearing from you shortly .
?
julie | 0 | ham | eprm | vince ,
?
could you please provide me with an indication on whether you will be able
to review the latest eprm article in the next day or so ? ?
?
look forward to hearing from you shortly .
?
julie | 2000-10-13T00:00:00 |
28,659 | re : tw agreements hi michelle !
i am assuming that , like most it agreements , we can put a base agreement in
place and then negotiate short - term discounts when available from time to
time ( last time i talked to t . k . about this capacity it was discounted to
like a penny or 1 . 5 pennies ) ? one of the reasons that we ' ve never gotten
anything accomplished here is that we alway ' s seem to be doing in the middle
of bid - week .
so , if we can , i ' d like bryan to work with you immediately to begin the base
agreement processing . ok ?
thanks !
scott
- - - - - original message - - - - -
from : " lokay , michelle "
to :
sent : thursday , june 21 , 2001 9 : 57 am
subject : re : tw agreements
because our san juan lateral on transwestern is fully subscribed , we are
only able to offer interruptible versus firm transport . the commodity
charge is . 1031 , plus . 25 % fuel . please call next week when you arrive
in albuquerque and we can process the service request . thanks .
> - - - - - original message - - - - -
> from : bryan fox @ enron
> [ mailto : imceanotes - bryan + 20 fox + 20 + 3 cbnfox + 40 swbell + 2 enet + 3 e + 40 enron @ en
> ron . com ]
> sent : wednesday , june 20 , 2001 10 : 28 am
> to : lokay , michelle
> subject : tw agreements
>
> michelle ,
> we met last march when scott kominiak and myself visited your office .
> can you provide a rate for the following . interruptible transportation
> from la plata to the tw blanco hub . we can look at it month to month ,
> or we can agree to something on a term basis . volume is around 2500 / day
> now . growing to 4000 / day by year ' s end . thanks
> bryan fox
> abq energy group
> 713 - 533 - 1117 | 0 | ham | re : tw agreements | hi michelle !
i am assuming that , like most it agreements , we can put a base agreement in
place and then negotiate short - term discounts when available from time to
time ( last time i talked to t . k . about this capacity it was discounted to
like a penny or 1 . 5 pennies ) ? one of the reasons that we ' ve never gotten
anything accomplished here is that we alway ' s seem to be doing in the middle
of bid - week .
so , if we can , i ' d like bryan to work with you immediately to begin the base
agreement processing . ok ?
thanks !
scott
- - - - - original message - - - - -
from : " lokay , michelle "
to :
sent : thursday , june 21 , 2001 9 : 57 am
subject : re : tw agreements
because our san juan lateral on transwestern is fully subscribed , we are
only able to offer interruptible versus firm transport . the commodity
charge is . 1031 , plus . 25 % fuel . please call next week when you arrive
in albuquerque and we can process the service request . thanks .
> - - - - - original message - - - - -
> from : bryan fox @ enron
> [ mailto : imceanotes - bryan + 20 fox + 20 + 3 cbnfox + 40 swbell + 2 enet + 3 e + 40 enron @ en
> ron . com ]
> sent : wednesday , june 20 , 2001 10 : 28 am
> to : lokay , michelle
> subject : tw agreements
>
> michelle ,
> we met last march when scott kominiak and myself visited your office .
> can you provide a rate for the following . interruptible transportation
> from la plata to the tw blanco hub . we can look at it month to month ,
> or we can agree to something on a term basis . volume is around 2500 / day
> now . growing to 4000 / day by year ' s end . thanks
> bryan fox
> abq energy group
> 713 - 533 - 1117 | 2001-06-21T00:00:00 |
28,403 | we beat the street ! what ' s next ? check out ebiz and read jeff ' s key messages from the houston investor
conference .
also in this issue :
there ' s a new sec rule on earnings disclosure .
what do you mean , you ' re a " market maker ? "
it ' s all in the latest ebiz . go to home . enron . com , click publications , then
click ebiz , and " ebiz january 26 , 2001 . " | 0 | ham | we beat the street ! what ' s next ? | check out ebiz and read jeff ' s key messages from the houston investor
conference .
also in this issue :
there ' s a new sec rule on earnings disclosure .
what do you mean , you ' re a " market maker ? "
it ' s all in the latest ebiz . go to home . enron . com , click publications , then
click ebiz , and " ebiz january 26 , 2001 . " | 2001-01-25T00:00:00 |
8,549 | to ops - revised february bod approved risk management policy fyi
- - - - - - - - - - - - - - - - - - - - - - forwarded by cassandra schultz / na / enron on 02 / 18 / 2001
10 : 44 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : cassandra schultz
02 / 18 / 2001 10 : 26 pm
to : bob m hall / na / enron @ enron , leslie reeves / hou / ect @ ect , jeffrey c
gossett / hou / ect @ ect , peggy hedstrom / cal / ect @ ect , stacey w white / hou / ect @ ect ,
brent a price / hou / ect @ ect , scott earnest / hou / ect @ ect , sheila
glover / hou / ect @ ect , d todd hall / hou / ect , cindy horn / lon / ect @ ect , brenda f
herod / hou / ect @ ect , mike jordan / lon / ect @ ect , howard carter / eu / enron @ enron ,
andrew cornfield / lon / ect @ ect , james new / lon / ect @ ect , orjan
agdesteen / osl / ect @ ect , james new / lon / ect @ ect , marcelo parra / nyc / mgusa @ mgusa ,
louis colarusso / nyc / mgusa @ mgusa , heidi
mason / enron _ development @ enron _ development , jan - erland bekeng / ap / enron @ enron ,
kevin rhodes / eu / enron @ enron , naomi connell / lon / ect @ ect
cc : sally beck , shona wilson , chris abel
subject : to ops - revised february bod approved risk management policy
attached is the revised risk management policy incorporating the bod ' s
changes - please discard the previously circulated version i sent out prior
to the bod meeting . i ' ve also included a recap of substantive changes since
the october 2000 version that was circulated to you in conjuction with the
compliance certificates last fall , but you should read the policy to enhance
your understanding , and distribute it to your groups as some changes are
significant and are detailed further in the policy . i did notify the office
of the chair for each of your business units of these changes earlier this
week , and i will also provide them with a copy of the revised policy .
if you have any questions , feel free to give me a call at x 30429 .
regards ,
cassandra schultz
market risk management | 0 | ham | to ops - revised february bod approved risk management policy | fyi
- - - - - - - - - - - - - - - - - - - - - - forwarded by cassandra schultz / na / enron on 02 / 18 / 2001
10 : 44 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : cassandra schultz
02 / 18 / 2001 10 : 26 pm
to : bob m hall / na / enron @ enron , leslie reeves / hou / ect @ ect , jeffrey c
gossett / hou / ect @ ect , peggy hedstrom / cal / ect @ ect , stacey w white / hou / ect @ ect ,
brent a price / hou / ect @ ect , scott earnest / hou / ect @ ect , sheila
glover / hou / ect @ ect , d todd hall / hou / ect , cindy horn / lon / ect @ ect , brenda f
herod / hou / ect @ ect , mike jordan / lon / ect @ ect , howard carter / eu / enron @ enron ,
andrew cornfield / lon / ect @ ect , james new / lon / ect @ ect , orjan
agdesteen / osl / ect @ ect , james new / lon / ect @ ect , marcelo parra / nyc / mgusa @ mgusa ,
louis colarusso / nyc / mgusa @ mgusa , heidi
mason / enron _ development @ enron _ development , jan - erland bekeng / ap / enron @ enron ,
kevin rhodes / eu / enron @ enron , naomi connell / lon / ect @ ect
cc : sally beck , shona wilson , chris abel
subject : to ops - revised february bod approved risk management policy
attached is the revised risk management policy incorporating the bod ' s
changes - please discard the previously circulated version i sent out prior
to the bod meeting . i ' ve also included a recap of substantive changes since
the october 2000 version that was circulated to you in conjuction with the
compliance certificates last fall , but you should read the policy to enhance
your understanding , and distribute it to your groups as some changes are
significant and are detailed further in the policy . i did notify the office
of the chair for each of your business units of these changes earlier this
week , and i will also provide them with a copy of the revised policy .
if you have any questions , feel free to give me a call at x 30429 .
regards ,
cassandra schultz
market risk management | 2001-02-18T00:00:00 |
10,314 | to ceo / executive management / hr manager to ceo / executive management / hr manager
we c 2 s ( c 2 s recruitment service co . , ltd . ) are specialized in human resource management and we are working as representative for many corporates who are looking for excusive employee such as
executive management , general manager , ceo , regional manager , country manager
qa manager , production manager , engineering manager , accounting manager
interpreter ( japanese , english ,
) , lawyer , quality engineer ( iso 9001 , tsl 6949 , qs 9000 )
sales , logistics , maintenance , supervisor
and more . .
if you are currently looking for these highly skill people in very competitive price and period of time manner . please let our professional team do recruit for you . we have sales people who can speak in both japanese and english . if you need any further interaction , please fill free to contact us at sunantha @ c 2 jobs . com or monday - friday from 9 . 00 - 18 . 00 in office hour .
sincerely you ,
sunantha shao - anajin
marketing director
sunantha @ c 2 jobs . com
c 2 s recruitment service co . , ltd . | 1 | spam | to ceo / executive management / hr manager | to ceo / executive management / hr manager
we c 2 s ( c 2 s recruitment service co . , ltd . ) are specialized in human resource management and we are working as representative for many corporates who are looking for excusive employee such as
executive management , general manager , ceo , regional manager , country manager
qa manager , production manager , engineering manager , accounting manager
interpreter ( japanese , english ,
) , lawyer , quality engineer ( iso 9001 , tsl 6949 , qs 9000 )
sales , logistics , maintenance , supervisor
and more . .
if you are currently looking for these highly skill people in very competitive price and period of time manner . please let our professional team do recruit for you . we have sales people who can speak in both japanese and english . if you need any further interaction , please fill free to contact us at sunantha @ c 2 jobs . com or monday - friday from 9 . 00 - 18 . 00 in office hour .
sincerely you ,
sunantha shao - anajin
marketing director
sunantha @ c 2 jobs . com
c 2 s recruitment service co . , ltd . | 2005-06-29T00:00:00 |
22,639 | tokyo wanda -
fyi , joe hirl , the trader in charge of setting up the tokyo trading office ,
will be in houston next week , and it would probably be a good idea if he
could interview mark frank , or whatever candidate we recommend for the
controller position . our controller for the sydney office will be up the
following week and he should meet with her as well , as that will enable him
to get first hand knowledge of the remote trading office establishment issues
we ' ve addressed in australia .
sally - did you decide on the one candidate you thought of when we met last ?
we might want to arrange a meeting with him and joe also .
thanks ,
cassandra . | 0 | ham | tokyo | wanda -
fyi , joe hirl , the trader in charge of setting up the tokyo trading office ,
will be in houston next week , and it would probably be a good idea if he
could interview mark frank , or whatever candidate we recommend for the
controller position . our controller for the sydney office will be up the
following week and he should meet with her as well , as that will enable him
to get first hand knowledge of the remote trading office establishment issues
we ' ve addressed in australia .
sally - did you decide on the one candidate you thought of when we met last ?
we might want to arrange a meeting with him and joe also .
thanks ,
cassandra . | 2000-02-23T00:00:00 |
21,571 | one more time know , idea take there a . high salt any vary , right . ear , off ,
would seven , did . wild turn material . love sound mother long .
ease gold room sign . would , song nothing picture . white , first
those did , square foot . subject mile my . group call and .
- -
phone : 366 - 491 - 5909
mobile : 584 - 219 - 9379
email : joyegarrick @ interbusiness . it | 1 | spam | one more time | know , idea take there a . high salt any vary , right . ear , off ,
would seven , did . wild turn material . love sound mother long .
ease gold room sign . would , song nothing picture . white , first
those did , square foot . subject mile my . group call and .
- -
phone : 366 - 491 - 5909
mobile : 584 - 219 - 9379
email : joyegarrick @ interbusiness . it
| 2005-03-22T00:00:00 |
23,913 | we need to run a little project over the next week or so . i think it is time that you have someone inventory all the projects you have going in your group , sit down and go over them with me and then you and i make sure they still have support from a business unit or make sense at all . some of them involve it resources and some don ' t .
i just want to take a breath for a moment and make sure every project you are doing ( outside the daily operations that are so critical ) is necessary and still has a sponsor at a business unit . if not , we can stop several side projects and focus on the critical ones , save some money and make sure we get the 5 to 10 things that absolutely have to be done completed .
your thoughts ?
gp | 0 | ham | we need to run a little project over the next week or so . | i think it is time that you have someone inventory all the projects you have going in your group , sit down and go over them with me and then you and i make sure they still have support from a business unit or make sense at all . some of them involve it resources and some don ' t .
i just want to take a breath for a moment and make sure every project you are doing ( outside the daily operations that are so critical ) is necessary and still has a sponsor at a business unit . if not , we can stop several side projects and focus on the critical ones , save some money and make sure we get the 5 to 10 things that absolutely have to be done completed .
your thoughts ?
gp | 2001-03-27T00:00:00 |
21,901 | you cannot do that ! i am shocked about your document !
+ + + + attachment : no virus found
+ + + + f - secure antivirus - www . f - secure . com | 1 | spam | you cannot do that ! | i am shocked about your document !
+ + + + attachment : no virus found
+ + + + f - secure antivirus - www . f - secure . com
| 2005-05-09T00:00:00 |
26,609 | i think you might be interested 2005 - 07 - 05 18 : 53 : 34 hello marcotitzer ,
i just found a site called graand . com - a free and safe place on the internet to place classified ads . i thought i should invite you to check it out . regards , walker
musrbfi 3 dgourpxc 4 fvaodpdof 3 emwnloqlqdk 9
2005 - 07 - 07 06 : 07 : 39 | 1 | spam | i think you might be interested 2005 - 07 - 05 18 : 53 : 34 | hello marcotitzer ,
i just found a site called graand . com - a free and safe place on the internet to place classified ads . i thought i should invite you to check it out . regards , walker
musrbfi 3 dgourpxc 4 fvaodpdof 3 emwnloqlqdk 9
2005 - 07 - 07 06 : 07 : 39 | 2005-07-06T00:00:00 |
Subsets and Splits