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Gentlemen,
I recommend that we purchase this package and split the cost 3 ways between 3
power trading desks.
I think that we should go for option 3 (~ $15,000).
Lance Cunningham in my group looked at this software package and found it
very useful for modeling transmission problems.
Please, feel free to ask him for technical details in support of this
recommendation.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/10/2000
09:17 AM ---------------------------
Lance Cunningham@ENRON on 11/09/2000 06:15:14 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Vasant Shanbhogue/HOU/ECT@ECT
Subject: Site License for Power World
Vince,
We have three options to increase our availability across Enron for the Power
World load flow software.
Option 1, Upgrade to a site license for the load flow software only. Price
$9,990.00
This would give all of Enron the ability to perform load flows, but not
determine marginal cost or available transfer capacity (ATC) because only the
Optimal Power Flow (OPF) version can perform that task.
Option 2, Site license for the load flow and purchase 1 OPF package for
Walter Coffer's group. Price $11,240.
This would give all of Enron the ability to perform load flows and one other
group the ability to determine marginal cost and ATC.
Option 3, Site license for load flows, OPF and ATC. Price $14,990.00
This would give all of Enron the ability to perform load flows, marginal
cost, and ATC.
Regards,
Lance | {
"pile_set_name": "Enron Emails"
} |
Not good news from Canada. Power lines are full when appropriate. Just
Powerex's power.
Jim
---------------------- Forwarded by James D Steffes/NA/Enron on 04/12/2001
09:59 PM ---------------------------
From: Robert Hemstock@ECT on 04/12/2001 06:24 PM MDT
To: James D Steffes/NA/Enron@ENRON
cc: Ray Alvarez/NA/Enron@ENRON
Subject: Re: PROOF OF ALBERTA POWER NOT FLOWING TO CALIFORNIA
I spoke to Ray Alvarez about this today. British Columbia Hydro has a FERC
888 Wholesale Transmission Tariff in place and the actual available
transmission capacity is primarily owned by B.C. Hydro's marketing affiliate,
Powerex, with some small amounts of interruptible capacity owned off and on
by other market participants, including Enron.
Although Enron Canada would like to export more power to the US as we can
supply it from our PPA or even buy it in Alberta's Power Pool, there is
rarely any available transmission capacity as what is available was fully
subscribed for (mainly by Powerex) and is used. I just confirmed with our
trader that none of BC Hydro's transmission export capacity has gone unused
when Alberta or BC had excess generation available for export and the
economics of selling from Alberta or BC into Mid-C were favorable.
Regards,
Rob
James D Steffes@ENRON
04/12/2001 05:18 PM
To: Robert Hemstock/CAL/ECT@ECT
cc:
Subject: PROOF OF ALBERTA POWER NOT FLOWING TO CALIFORNIA
Rob -
Is there any information that would highlight that Alberta had excess
generation that couldn't get into the California market this year or later?
I need this ASAP.
Jim | {
"pile_set_name": "Enron Emails"
} |
I spoke with Sylvia Pollan this afternoon in regards to Midland Cogeneration Venture Limited Partnership (SHORTNAME: MIDLANDCOGEN). Although the counterparty terminated the 9/1/90 agreement 1/15/02 per the Master Letter Log, we should continue to moving the gas until further notice. As result of such, please move the following transactions from the BANKRUPTCY book back to the 'Live' side (sorry, couldn't think of a better description). I will send immediate notice should the status of these transactions change.
TAGG# SITARA#(s)
E22563.6 22563 / 340362 / 356854
E22563.Q 22563 / 340362 / 356854 | {
"pile_set_name": "Enron Emails"
} |
You're on the job girl! I just got your email. Don't worry about all the
errors, if they didn't make mistakes, we wouldn't have a job, and it's no
worse now than it's ever been. But you are very responsive and fun to work
with -that makes all the difference! Just a little positivity (can't have
too much of that!)
Kate Symes @ ECT 12/21/2000 11:59 AM
To: Kimberly Hundl/Corp/Enron@Enron
cc:
Subject: 481620/481621
I just changed both of these deals to CAISO energy, instead of Firm. I
noticed that the one you asked about, #481620, was part of an EES sleeve, so
I checked the other side of it, deal #481621, and sure enough it also had the
incorrect energy type. It's holiday fever!
Thanks,
Kate | {
"pile_set_name": "Enron Emails"
} |
Deal NL3722 is a deal between ECC and another counterparty. It is not a John
Arnold deal. You will have to contact Ryan in Canada re: this deal.
Thanks,
Errol, X5-8274 | {
"pile_set_name": "Enron Emails"
} |
I have a sale at the above referenced meter which begins on the 5th of
October. Gas flowed for the first four days without a deal. Please input a
deal to cover.
Thank you,
Mary | {
"pile_set_name": "Enron Emails"
} |
Good day all:
Below is a list of applications used by your groups. We are trying to ascertain which applications are critical to your business. Please review the list and send me any additional applications that you need to do your job.
Thank you all for your help,
Daniel A. Muschar
ECS Trader Support Group
Office: 713-853-4344
Cell: 281-541-6203
[email protected]
CCNA, MCSE, CNA, A+
LIST OF Applications:
CRITICAL APPLICATIONS
Gas EBBs (Dial-up)
Kobra
Reuters
TDS
EOL
Internet
Enpower
Excel
CQG
Bloomberg
Sitara
Unify
Pricing Models
Telerate 9.27
ERMs
CPR
Tibco
Exceed
RUNM
Mapp
RiskTrac | {
"pile_set_name": "Enron Emails"
} |
Jim,
I found a consultant who does extensive studies on world tissue. PLease read below. Just wanted to know if you knew the guy. His name is Esko Uutella and he is located in Germany.
-----Original Message-----
From: Esko Uutela [mailto:[email protected]]
Sent: Monday, October 01, 2001 8:58 AM
To: Causholli, Monika
Subject: Re: Tissue
Hi Ms. Causholli,
I have made recently a major multiclient study "Outlook for World Tissue
Business" which includes all tissue mills with capacities worldwide plus
capacity profiles by the largest producers worldwide and by region. I attach the
study proposal with this e-mail. The report costs US$ 3,500 (300 pages with
detailed Annexes).
If you would like to have only capacity data for the regions you mentioned plus
the top 10-12 global producers, I could sell this part of information at US$
600. You should specify the form in which I should present it so that I
could easier fulfil your data needs.
Best regards
Esko Uutela
EU Consulting
Causholli, Monika schrieb:
> Hello Mr. Uutella,
>
>
> I am an analyst working for Enron Industrial Markets in Houston, Texas
> and I am gathering some information on tissue. I spoke to Rod Young and
> David Pinault from RISI and they told me to contact you as you do some
> more extensive studies on tissue usage.
>
> What I am looking for are: tissue capacity worldwide and by region
> (North America, Europe, Latin America, Asia)
> and the biggest companies that produce tissue.
>
> Can you also include how much this information would cost?
>
> Thanks in advance,
> Monika Causholli
> Enron Industrial Markets
> (713) 345 1510
>
>
>
>
> **********************************************************************
> This e-mail is the property of Enron Corp. and/or its relevant affiliate and
> may contain confidential and privileged material for the sole use of the
> intended recipient (s). Any review, use, distribution or disclosure by
> others is strictly prohibited. If you are not the intended recipient (or
> authorized to receive for the recipient), please contact the sender or reply
> to Enron Corp. at [email protected] and delete all
> copies of the message. This e-mail (and any attachments hereto) are not
> intended to be an offer (or an acceptance) and do not create or evidence a
> binding and enforceable contract between Enron Corp. (or any of its
> affiliates) and the intended recipient or any other party, and may not be
> relied on by anyone as the basis of a contract by estoppel or otherwise.
> Thank you.
> ********************************************************************** | {
"pile_set_name": "Enron Emails"
} |
Thank you for your request. You will be notified by email when your request has been processed. You can check the progress of your request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000082458&Page=MyReq. | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Steven J Kean/NA/Enron on 11/28/2000 11:05 AM -----
Karen Denne
11/27/2000 04:33 PM
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Sandra
McCubbin/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Peggy Mahoney/HOU/EES@EES
cc:
Subject: Duke Energy proposes to manage SDG&E's entire electricity load for
five years
fyi...
---------------------- Forwarded by Karen Denne/Corp/Enron on 11/27/2000
03:58 PM ---------------------------
[email protected] on 11/27/2000 02:23:42 PM
To: "Andy Brown (IEP)" <[email protected]>, Bob Escalante at Constellation
<[email protected]>, Curtis Keebler at Reliant
<[email protected]>, Greg Blue <[email protected]>, "Jack
Pigott @ Calpine" <[email protected]>, Jan Smutny-Jones <[email protected]>,
"Joe Ronan @ Calpine" <[email protected]>, John Stout for Reliant
<[email protected]>, "Julie @ Edson" <[email protected]>, "Karen
Denne, Enron" <[email protected]>, Karen Edson <[email protected]>, "Kassandra
Gough @ Calpine" <[email protected]>, Katie at IEP <[email protected]>, Lynn
Lednicky at Dynegy <[email protected]>, Marty Wilson <[email protected]>,
Paula Hall-Collins <[email protected]>, "Richard Hyde, Duke"
<[email protected]>, Rob Lamkin <[email protected]>, Roger
Pelote <[email protected]>, Stephanie Newell at Reliant
<[email protected]>, Steven Kelly <[email protected]>
cc:
Subject: Duke Energy proposes to manage SDG&E's entire electricity load for
five years
The note below was sent to the 20 or so reporters that I have been working
with on the CA electricity crisis.
FYI.
Below is a press release we distributed today that details a proposal we
have made to San Diego Gas & Electric to manage their entire electricity
load (up to 3,300 megawatts) for five years at a fixed price of $60 a
megawatt hour. The proposal was detailed in our comments to the Federal
Energy Regulatory Commission on their recent proposed solutions to
Caifornia.
As the release indicates, forward contracting for electricity is a very
effective way for the state's utilities to manage the volitility in the
state's electricity markets. With natural gas prices more than doubling
since last year and last week being up to seven times higher than last year
on the spot market (up to $19 a million BTU vs. an average of about $2.50
in 1999), we feel that its imperative for utilities to take advantage of
these contracts so they can manage their own risk exposure and their
customer's risk exposue to this volitility and the associated high prices.
(The price of natural gas represents about 90 percent of our plant's
operating costs).
We signed a forward power contract with PG&E Oct. 30 and Southern Cal
Edison Nov. 15 (announced for the first time in the this release). The
Federal Energy Regulatory Commission strongly encourages these kind of
contracts -- and we hope that we, or other wholesale power marketers, can
do more of this kind of business with these utilities and SDG&E in the very
near future to bring stability to the state's wholesale electricity market.
Our proposal is detailed on pages eight and nine in the FERC filing, which
also includes our other positions on the California electricity crisis.
These are also detailed on our CA web site at
www.Duke-Energy.com/California.
For more information, call me at 805-595-4270 or page me at 877-364-5170.
(See attached file: Nov 27 release.doc)(See attached file: Duke Nov. 22
FERC filing.doc)
- Nov 27 release.doc
- Duke Nov. 22 FERC filing.doc | {
"pile_set_name": "Enron Emails"
} |
Thanks for the update, Kimberly. This looks great. I'll forward it on to the
traders and keep it at my desk for reference.
Kate
Kimberly Hundl@ENRON
04/30/2001 11:06 AM
To: Sharen Cason/HOU/ECT@ECT, Amy Smith/ENRON@enronXgate, Kate
Symes/PDX/ECT@ECT
cc:
Subject: Not to be confirmed deals...
Attached is an updated copy of this document (in case you are printing it out
and keeping it for your reference.)
Thanks!
Kim H. | {
"pile_set_name": "Enron Emails"
} |
Vince and John,
I wanted to send you a quick note and once again say thank you for attending
the Cal Berkeley presentation last week. I am sorry for the low attendance
on campus, however I did want to send some refreshing news. I just received
the resumes of students who would like to interview with Enron. There were
43 resumes submitted for the Technologist position and 46 resumes submitted
for the Analyst position.
Please let me know if you have any questions.
Thanks,
Ashley | {
"pile_set_name": "Enron Emails"
} |
hi.. marty works on admin stuff.. chuck davidson is the portfolio manager
From: Sara Shackleton@ECT on 04/26/2001 10:24 AM
To: Caroline Abramo/Corp/Enron@ENRON
cc: Fred Lagrasta/HOU/ECT@ECT
Subject: Re: hedge funds
Caroline:
Your email is the first I've heard of Arthur Amron as legal counsel. Do you
have his email address?
Also, who are Marty Lifgren and Charles Davidson at Wexford who received our
documents? Are these individuals traders?
I will let you know who my backup will be.
Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
[email protected]
Caroline Abramo@ENRON
04/26/2001 10:05 AM
To: Sara Shackleton/HOU/ECT@ECT
cc: Fred Lagrasta/HOU/ECT@ECT
Subject: Re: hedge funds
i gave you inside counsel for valentis / cd- arthur amron 203 862-7012.. ok-
i guess i will have to get everything done monday and tuesday.. i am out from
the 3-11 as well.. who can i have the rest of the team direct inquiries to in
your absence.. frank?
thanks,
ca
From: Sara Shackleton@ECT on 04/26/2001 09:33 AM
To: Caroline Abramo/Corp/Enron@Enron
cc: Brent Hendry/NA/Enron@Enron, Paul Radous/Enron@EnronXGate, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carol St Clair/HOU/ECT@ECT
Subject: hedge funds
Caroline:
You should have already seen the two ISDA's (Valentis, CD Holdings) emailed
yesterday evening per your instructions. I am still waiting for you to send
information regarding inhouse/outside legal counsel for both parties.
The Schedule and Paragraph 13 sent to Valentis et al is very much like the
hedge fund template which legal is refining. We are reviewing the first
draft and commenting.
FYI - I will not be in the office on Friday, April 27. Also, the Enron legal
conference is next week and the lawyers will be in San Antonio from May 2
(afternoon) through May 4. And finally, I will be on vacation during the
week of May 7 - May 11. Please try to make plans (conference calls,
counterparty comments, etc.) accordingly.
Let me know if you have any questions.
Thanks.
Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
[email protected] | {
"pile_set_name": "Enron Emails"
} |
I feel a little better about my ability to assess a maket after today's run
up.
Regards....Jeff | {
"pile_set_name": "Enron Emails"
} |
split connect | {
"pile_set_name": "Enron Emails"
} |
Guys, its getting late in the day and I feel we need to let people know where they stand. Please sit down with each of your direct reports and let them know that they will be receiving an offer of employment from UBS (hopefully by tommorrow).
With respect to Fabian and Gerry, I think its important to stress that although they didnt make the first cut, there is still a high probability of being offered UBS employment following the results of round one.
-----Original Message-----
From: Milnthorp, Rob
Sent: Wednesday, January 16, 2002 9:47 AM
To: Slone, Jeanie
Subject: Canada Commercial Hardcount (20)
Zufferli
Cowan
Clark
Dorland, C.
Draper
Lambie
Richey
Watt
Tripp
Brodeur
Milnthorp
Davies
Le Dain
Biever
Drozdiak
Sangwine
McPhee
Lalani
Burnham
Oh | {
"pile_set_name": "Enron Emails"
} |
Everyone in the following gorups, now have access to the West Desk Support
Web Site at http://westdesksupport. The UserName is the same as your NT / W2K
Login UserName. And the password is the same as the username. Please use this
site to log problems with CAPS, Excel, Enpower / FSP, network problems, or
anything else that IT Needs to get involved in. Those of you that have logged
in under the old username / Password system have also been changed to the new
system.
The Groups are:
Real Time
Pre Sched
Volume Management
Risk
Middle Marketing
Power Traders
Thank you for your time.
Michael Tully
Application Support | {
"pile_set_name": "Enron Emails"
} |
Political suicide - No farewell to arms - Bombed in Saudi - Divided over Kashmir - Conduct unbecoming - Loan agreement? - Corruption rules - German fall-out - Low-flying - Out of office
The Economist, 08/18/01
Enron Goes Overboard
The New York Times, 08/17/01
IN BRIEF / ENERGY Enron Chief Seeks to Reassure Employees
Los Angeles Times, 08/17/01
5 Studios Plan Joint Venture to Offer Movie Downloads Entertainment: The fee-based Net service for computers and TVs could begin as early as this year.
Los Angeles Times, 08/17/01
Ciena, Brocade and Sonus Decline On Profit Woes, but Others Hang In
The Wall Street Journal, 08/17/01
India To Begin Conciliation Talks With Enron Unit Sat
Dow Jones Energy Service, 08/17/01
India Cabinet Oks Power Bill; To Seek Parliament Nod
Dow Jones International News, 08/17/01
WORLD STOCK MARKETS - Big caps help Wall Street's late fightback.
Financial Times, 08/17/01
Snags still slowing electricity pilot
Houston Chronicle, 08/17/01
Socially unconscious funds
CBS MarketWatch.com, 08/17/01
Political suicide - No farewell to arms - Bombed in Saudi - Divided over Kashmir - Conduct unbecoming - Loan agreement? - Corruption rules - German fall-out - Low-flying - Out of office
08/18/2001
The Economist
Copyright (C) 2001 The Economist; Source: World Reporter (TM) - FT McCarthy
Israel's main retaliation against an onslaught of suicide bombs was political: it closed Orient House, the Palestinians' de facto headquarters in East Jerusalem. It also briefly sent tanks into Jenin, threatened Beit Jalla and assassinated a Fatah fighter.
In Macedonia political parties of the rival ethnic groups signed a NATO-inspired peace accord that promises ethnic Albanians something closer to equality in the state. Ethnic-Albanian rebels promised to hand over their weapons, to be collected, under the deal, by a NATO force. NATO decided to send an advance group of 400 soldiers even though its conditions for sending the full force - including a durable ceasefire - had not yet been met.
Japan's prime minister, Junichiro Koizumi, angered China and other countries it fought in the second world war by visiting the Yasukuni shrine for the war dead, including some condemned as war criminals.
The Bank of Japan took surprise measures to give the faltering economy a much- needed boost by easing monetary policy. The move met with approval: the Nikkei 225 index flew up by nearly 4% in a day. Revised figures showed that Japan's GDP rose slightly in the first quarter of the year instead of falling.
The euro hit a five-month high, rising above 90 cents against the dollar. The IMF gave a warning that America's current-account deficit was unsustainable and that the dollar was likely to weaken further. The dollar also slid against the yen.
America's economy suffered. Industrial production fell for the tenth month in a row to end 3.2% down in the year to July. Germany's economy is also in trouble. The Bundesbank estimated that GDP was flat in the second quarter.
The British government suspended political institutions in Northern Ireland, after Unionists there refused to accept the IRA's talk of a "scheme" - no details, no date - for weapons-decommissioning as a substitute for action. The IRA promptly withdrew its scheme.
Three suspected members of the IRA were arrested in Bogota. Colombian army chiefs said that they had been giving bomb-making courses to the FARC guerrillas.
While Spain's central and Basque-region politicians swapped insults over the regional police force's willingness to fight
ETA
terrorists, ETA supporters publicly commemorated four of them blown up by their own bomb a year ago.
In Turkey, one of the country's most popular politicians, Tayyib Erdogan, a former mayor of Istanbul, set up a new Islamic party. Meanwhile, civilians are openly questioning the political role of the armed forces, determined enemies of religious influence in politics.
On Saudi Arabian television, three more Britons confessed to carrying out bomb attacks. The incidents are all thought to be connected with the illegal trade in alcohol.
For his second term, Iran's president, Muhammad Khatami, disappointed reformists by largely reappointing his old cabinet of moderate loyalists.
American and British aircraft twice attacked anti-aircraft sites in southern Iraq. Syria's prime minister paid a ground-breaking three-day visit to Baghdad.
The Indian prime minister, Atal Behari Vajpayee, marked independence day by blaming Pakistan for wrecking relations between the two countries and "believing it can gain Kashmir through terrorism".
Pakistan's President Pervez Musharraf promised a general election for October 2002, but it looked likely that the country would stay under military control.
China suspended Seeking Truth, a leftist magazine that attacked a decision to allow capitalists to join the Communist Party.
Congressman Gary Condit rejected calls for his resignation by two Californian newspapers over his "abhorrent" conduct in the case of a missing intern, Chandra Levy.
State governments expressed concern that federal legislation on patients' rights would offer less protection to consumers than state laws already in place.
A Justice Department report on the Los Alamos spy inquiry said that the FBI's investigation was deeply flawed from the beginning, had looked into the wrong crime and had ignored some possible suspects.
A United States federal judge ruled that controversial snapshots of Barbie, an iconic plastic doll, were protected by the photographer's free-speech rights. Mattel, which makes the dolls, plans to appeal.
After several days of talks, officials from Argentina were reportedly close to an agreement with the IMF over a new loan aimed at calming continued fears of a debt default or devaluation.
Meanwhile, Brazil slipped towards recession. Its economy shrank by nearly 1% in the second quarter compared with the first.
Cuba's Fidel Castro watched as Presidents Fernando Henrique Cardoso of Brazil and Hugo Chavez of Venezuela inaugurated a 680km (425-mile) electricity-transmission line linking their two countries.
Kenya's parliament threw out an anti-corruption bill despite a first-time visit from the president, Daniel arap Moi, to encourage it through. Rejecting the bill puts in doubt millions of dollars in aid. Opponents argued that the bill was not tough enough.
As the situation in Zimbabwe worsened, the Southern Africa Development Community took away the chairmanship of its defence committee from Robert Mugabe and said they were worried about the "spillover effect" of the troubles there. Attacks continued on around 100 white-owned farms. Four journalists from the main independent newspaper were arrested but released by a court.
A triumph for family values: under pressure from the pope himself, Archbishop Emmanuel Milingo, from Zambia, agreed in Rome to abandon his South Korean wife, married in a Moonie ceremony in May, and "return to the church". I'm pregnant, he's been drugged, said she.
The relationship between Deutsche Bank and Deutsche Telekom became frosty after the bank disposed of shares in the telecoms giant worth around euro1 billion ($880m) on behalf of an unnamed seller. Coincidentally, Deutsche Bank issued a research report, which recommended purchasing Deutsche Telekom shares around the time of the sale.
Morgan Grenfell's name looked likely to disappear after 163 years in investment banking. Deutsche Bank, which acquired Morgan Grenfell some 12 years ago, intends to fold Morgan Grenfell Private Equity into its own private equity division, DB Capital Partners.
Bayer, a German drug company, said that it was considering a co-operative venture for its drug business with a larger pharmaceutical company; a sell-off could follow. It had previously announced the withdrawal of an anti-cholesterol treatment. That will wipe up to $650m ($590m) off full-year profit and result in the loss of 5,000 jobs.
Profits fell at UBS by 26% in the latest quarter compared with a year ago. Shares in Switzerland's biggest bank rose; profits had been expected to fall further. Citigroup, the world's biggest financial conglomerate, said that it would cut 3,500 jobs over the coming year to bolster slowing profits.
The IMF and the World Bank decided to shorten to two days September's annual meeting in Washington, DC, fearing a repeat of the violence witnessed at a recent G8 summit in Genoa. Anti-globalisation protesters claimed a victory in the fight against global capitalism but said that they would turn up and protest anyway.
US Airways became the latest airline to reveal that it was suffering from the economic downturn and the decline in business travel. It issued a profit warning, saying that losses for the next quarter will exceed $160m.
Blue-chip companies were glum on both sides of the Atlantic. Continued huge losses and an ever-dwindling share price persuaded Mark Schneider to quit as chairman and chief executive of UPC, a Dutch cable firm. Enron, the world's largest energy trader, lost its president and chief executive, Jeffrey Skilling. He quit the American power giant for personal reasons after just six months in the job.
Some executives who were "let go" recently had cause for celebration. Michael Bonsignore, former chief executive at Honeywell International, will receive $9m as a separation payment, as well as a variety of perks including executive travel (but not use of the office jet).
Lucent Technologies, a struggling telecoms-equipment company, agreed to pay Richard McGinn, its former chairman and chief executive, a package worth $13m for barely three years' service. Deborah Hopkins, a former chief financial officer, will get near $5m.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Editorial Desk; Section A
Reckonings
Enron Goes Overboard
By PAUL KRUGMAN
08/17/2001
The New York Times
Page 19, Column 6
c. 2001 New York Times Company
Whom the gods would destroy, they first put on the cover of Business Week. When the Feb. 12 issue featured a cover photo of Jeffrey Skilling, you knew bad things were about to happen both to Enron and to its new C.E.O. Sure enough, on Tuesday Mr. Skilling resigned for ''personal reasons.'' The next day he conceded that the most important of those personal reasons was the 50 percent drop in Enron's stock since January.
Is this just another tale of extravagant expectations disappointed, the kind of story that has become all too common lately? No; this case has wider significance. Enron, based in Houston, is in the vanguard of a powerful movement that hopes to ''financialize'' (Enron's term) just about everything -- that is, trade almost everything as if it were stock options.
That movement is as much about politics as it is about business, and the company has not been shy about using its political connections to advance its cause. With the arrival of George W. Bush in the White House -- thanks largely to Enron, a prime mover behind his campaign --the sky seemed to be the limit.
But financialization looks more and more like a movement that has overreached itself.
Enron was originally a natural gas pipeline company, swaddled like all such companies in a tight regulatory straitjacket. In the mid-1980's, however, gas markets were set free. And Kenneth Lay, who was C.E.O. at the time and is returning to succeed Mr. Skilling, saw a great opportunity.
He transformed Enron from a company that delivered B.T.U.'s to one that dealt in contracts; as Business Week put it, the company became ''more akin to Goldman Sachs than to Consolidated Edison.'' Enron became the lead market-maker for the new, deregulated natural gas industry; since deregulation worked well for natural gas, which increasingly became the nation's fuel of choice, Enron's new role was highly profitable.
After gas, electricity. As power deregulation became the rage across the U.S., Enron took on a key role as a broker for wholesale electricity. Soon the company was looking for new worlds to conquer: water supply, bandwidth on fiber-optic cables, data storage, even advertising space.
Then things started to go wrong. Enron abandoned its venture into water supply when it became clear that governments were reluctant to entrust so crucial a matter to the magic of the invisible hand. And skeptics found ample justification for their lack of faith when electricity deregulation, which was supposed to be a certified success story, went spectacularly astray in California.
True believers insist that the power crisis of 2000-2001, which transferred tens of billions of dollars from taxpayers to electricity-generating companies -- and quite a bit to Enron too -- was not a verdict on deregulation, that it was all the fault of meddling politicians who didn't let the market work. But this claim isn't particularly convincing, mainly because it isn't true. The real lesson of the California catastrophe was that the concerns that led to regulation in the first place -- monopoly power and the threat of market manipulation -- are still real issues today.
State and local governments, alerted by what happened in California, will henceforth be a lot more wary about deregulation. There's even a movement to reregulate electricity markets. And that means fewer opportunities for Enron, whose stock price depends on the expectation that it will keep finding new Californias to conquer.
Of course, the people Enron put in the White House are still there, and they seem to have learned nothing from California. It's true that the Bush administration sometimes compromises on its free-market principles -- it believes, for example, that energy producers need huge subsidies, even though the shortages those subsidies were supposed to correct have turned out to be imaginary (a recent cover story in Barron's warned of ''the coming energy glut'').
But otherwise the administration's faith in absolutely unregulated markets is unshaken. The new head of the Federal Energy Regulatory Commission -- the watchdog agency that conspicuously refused to do its job in California -- is, you guessed it, a Texan with close ties to the energy industry. And the administration continues to believe that ''financialization'' is the way to go on just about everything, from school vouchers to Social Security.
But it's wrong. And let's hope that it doesn't take a string of catastrophes to teach us that there are limits to what markets can do.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Business; Financial Desk
IN BRIEF / ENERGY Enron Chief Seeks to Reassure Employees
Reuters
08/17/2001
Los Angeles Times
Home Edition
C-2
Copyright 2001 / The Times Mirror Company
The chairman of Enron Corp. sought to reassure employees Thursday that the energy giant's business is on firm footing as its stock faced a second day of brutal pressure on Wall Street following a top executive's surprise resignation.
Kenneth L. Lay told employees at a companywide meeting that Enron's business is strong, despite the extended pressure on its stock and heir apparent Jeffrey K. Skilling's unexpected resignation as chief executive and president.
"We've got a lot of great stuff going on and we're not getting much credit for it in the marketplace, but we will," Lay said. His comments came as Enron's stock saw its worst day in 19 months, closing down $3.40, or 8.5%, at $36.85 on the New York Stock Exchange. That brings its losses to about 13% since Skilling announced his resignation after the market's close Tuesday.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Financial Desk
5 Studios Plan Joint Venture to Offer Movie Downloads Entertainment: The fee-based Net service for computers and TVs could begin as early as this year.
KAREN KAPLAN; CORIE BROWN
TIMES STAFF WRITERS
08/17/2001
Los Angeles Times
Home Edition
A-1
Copyright 2001 / The Times Mirror Company
Five major Hollywood studios said Thursday they are joining forces to build an Internet service that will allow consumers to download full-length movies to watch on their home computers and televisions beginning as early as this year.
The studios--Sony Pictures Entertainment, Metro-Goldwyn-Mayer, Paramount Pictures, Universal Studios and Warner Bros.--believe that the pay service is the best way to combat the proliferation of bootleg feature films.
Their as-yet-unnamed venture marks a radically different strategy from the one adopted by music companies. Record labels watched helplessly as millions of computer users employed Napster and other song-swapping services to download pirated copies of songs for free.
Many observers believe that the record labels could have put a serious dent in services like Napster by offering consumers a legitimate way to obtain music on the Net. That is the strategy the studios are now embracing.
"We feel we needed to offer a legal, high-quality, user-friendly alternative to what is currently out there on the Internet today," said Kevin Tsujihara, executive vice president of new media and strategic planning at Warner Bros. "By getting out in front of this, we were going to hopefully prevent some of the issues confronting the music industry."
Initially, the studios will make 100 of their movies available to those with a personal computer and a high-speed broadband Internet connection. Each feature-length film will take 20 to 40 minutes to download, depending on the speed of a customer's broadband connection, how far away the customer is from a network hub and how crowded the network is at the time. The movies will boast better picture quality than videotape but will be less sharp than DVDs.
"It's not view on demand, but it's as easy as getting in a car and driving to the local video store," said Yair Landau, president of Sony Pictures Digital Entertainment.
Each studio will control when its movies become available for downloading, which titles will be on the service and how much each movie will cost. Sony, for example, plans to price its movies between $4 and $5 and offer them at the same time that they can be ordered through cable television pay-per-view services. Each studio will own 20% of the venture.
The new service will use technology developed largely by Sony to enable customers to download movies over digital subscriber lines and cable modems. The technology incorporates special digital rights management software designed to combat the rampant piracy that has plagued the music industry.
There are a few cable and Internet-based video-on-demand services in operation, but they lack a steady supply of current movies and television shows, and they have not attracted large audiences.
Conspicuously absent from the venture are Twentieth Century Fox and Walt Disney Co., which are developing a rival system called Movies.com. Disney officials would not comment on why the company did not join the five studios. The Burbank-based entertainment giant is expected to announce a separate video-on-demand venture in the coming weeks.
Initially, consumers will have to use their PCs to tap into the service. Some of the studios involved in the venture insist there is a segment of the movie-watching public--most notably college students--that will stare at a computer monitor for their entertainment. But analysts said the appeal of PC movies was limited.
"I don't see a lot of people watching movies on their PCs unless they're on an airplane," said Rob Enderle, an analyst with Giga Information Group in Santa Clara, Calif.
Consumers can watch their downloaded movies on television by connecting their PCs and TVs with a simple S-video cable or a radio frequency device connection, which is standard on many computers.
Ultimately, couch potatoes will be able to download the movies directly to their digital cable set-top boxes and watch them on television without the need for special hookups. In fact, the movies will be able to drop directly into any digital device connected to the Internet, including many types of Net appliances that are still being developed, Landau said.
It was the realization that today's technology could be extended to set-top boxes and satellite delivery systems that spurred the negotiations between the studios, Landau said. That broadened the nature of the talks into a forum for creating an industrywide standard for providing digital video on demand.
Anticipating federal regulatory concerns, the studios contacted the Justice Department "as a matter of courtesy," said a studio spokesman, noting that other entertainment companies can join the venture. In addition, each of the studios is free to pursue other video-on-demand opportunities.
Having a single standard will speed customer acceptance of digital movie distribution, said David Bishop, president of MGM Home Entertainment Group in Santa Monica.
"If MGM opened its own video store and Paramount opened its own video store, it would be very difficult for the consumer to shop," he said. "Here they're able to go to one Web site and find a critical mass of content that is much more compelling than any one studio launching."
Standards also will ease the work of broadband providers such as EarthLink Network, an Atlanta-based Internet service provider that discussed the venture with the studios.
"This will certainly make it easier for a company like us to come in and hopefully negotiate with one entity as opposed to having [to maintain] a different set of technology requirements for each studio," EarthLink President Mike McQuary said.
The new service could cannibalize video rentals and sales at chains such as Blockbuster Video, which account for almost half of movie-company revenues. Although the exact timing varies from studio to studio, videos and DVDs generally are available for sale and rental six months after the theatrical release of a movie. Those movies are available to pay-per-view services two months later.
Earlier this year, Blockbuster dismantled a video-on-demand service it was testing with energy giant Enron Corp.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Abreast of the Market
Ciena, Brocade and Sonus Decline On Profit Woes, but Others Hang In
By Robert O'Brien
Dow Jones Newswires
08/17/2001
The Wall Street Journal
C2
(Copyright (c) 2001, Dow Jones & Company, Inc.)
NEW YORK -- Another brace of discouraging profit statements from technology-gear makers threatened to sink stocks again, but fears subsided as investors realized they had heard that tune before, letting market averages rally by the close.
The impact on individual issues proved harrowing enough. Telecommunications-equipment maker Ciena hurtled to a 52-week low, declining $8.50, or 30%, to $19.62 in Nasdaq Stock Market trading. A total of 94 million Ciena shares changed hands, compared with a daily average of about 18 million shares.
The declines came after the optical-systems concern warned that its earnings for the final quarter of its fiscal year, as well as for fiscal 2002, wouldn't be nearly as robust as analysts have been thinking.
A number of other optical-systems makers joined Ciena in the downturn. ONI Systems shed 1.56, or 8.4%, to 17.02, Sonus Networks fell 2.16, or 13%, to 14.95, and Juniper Networks retreated 2.05, or 9.3%, to 20.02, all in Nasdaq trading.
Compounding the misery in high technology, data-storage software maker Brocade Communications served up a downbeat outlook to accompany its quarterly results, which came out late Wednesday. Brocade slumped 2.38, or 7.8%, to 27.96 on Nasdaq. Other storage names, such as McData Class B declined 2.71, or 17%, to 12.91 on Nasdaq, hitting a 52-week low.
Unlike previous sessions, when discouraging profit chatter proved the undoing of the technology sector, the latest warnings weren't fatal. The Nasdaq Composite Index finished the day ahead 11.43 points, or 0.6%, at 1930.32.
"You might have expected today's casualties, Ciena and Brocade, to drag down the whole market," Jefferies Chief Market Analyst Arthur Hogan said. "But I think investors realized they weren't that surprised to hear of weakness in the technology sector, and the economic data we saw weren't as bad as they were expecting."
The Dow Jones Industrial Average rose 46.57 points, or 0.45%, to 10392.52.
Housing-starts data that were stronger than economists anticipated spurred gains for home builders. Pulte Homes rose 1.04, to 36.15. Centex gained 1.22, to 42.85. Lennar added 2.15, or 5.6%, to 40.66.
Restaurant stocks moved higher amid continuing hope that consumer spending ignores the weakness that has beset the manufacturing economy. McDonald's gained 1.21, to 29.70. Krispy Kreme Doughnuts rose 2.22, or 7.7%, to 31.19. Outback Steakhouse gained 77 cents, to 28.95.
Manufacturers gained after the release of a look at regional-manufacturing activity. United Technologies rose 2.76, to 73.60. Northrop Grumman gained 1.44, to 79.99. General Dynamics rose 1.39, to 83.24. The gains came after a report from the Federal Reserve Bank of Philadelphia showed that manufacturing activity in its region declined more dramatically than expected in August, but also said expectations for a recovery remain very strong.
SmartForce (Nasdaq) fell 1.80, to 35.20. A technology trade journal reported the Redwood City, Calif., online-learning concern lost a contract to provide electronic-learning services to McDonald's to a rival, closely held Knowledgenet.com.
Maximus fell 1.38, to 45.36, even though Dain Rauscher Wessels made upbeat comments about the outlook for the McLean, Va., provider of consulting services to government agencies.
Sprint gained 48 cents, to 23.23, helped by encouraging comments from Thomas Weisel Partners about the provider of local-phone service.
Instinet rose 72 cents, or 6.3%, to 12.07, despite pessimistic comments from Merrill Lynch, which cut earnings projections for the New York electronic-brokerage concern. The stock has traded at a 52-week low during the past week.
Comverse Technology (Nasdaq) gained 2.76, or 10%, to 29.51. Goldman Sachs boosted its rating on the Woodbury, N.Y., telecommunications-systems company.
Crown Castle fell 55 cents, or 6.3%, to 8.20. The Houston antenna-space leasing concern named John P. Kelly, its president and chief operating officer, chief executive, succeeding Ted B. Miller, who remains chairman.
Agilent Technologies eased 35 cents, to 27.50. Goldman Sachs, in a preview of the Palo Alto, Calif., semiconductor concern's earnings release due Monday, said it expected the company to reduce its forecast for the fiscal fourth quarter.
SouthTrust gained 53 cents to 26.38. Keefe Bruyette & Woods added the Birmingham, Ala., bank to its KBW/Philadelphia Stock Exchange Bank Index.
Hormel dropped 1.18, to 24.87. The Austin, Minn., food producer posted fiscal third-quarter earnings that fell short of analysts' projections.
Ryder System gained 1.20, or 6%, to 21.10. Morgan Stanley boosted its rating on the Miami transportation company, citing the success of management's cost-cutting initiatives.
Enron, which fell to a 52-week low Wednesday as investors reacted to the announcement the Houston gas-pipeline operator and energy trader's chief executive unexpectedly resigned, declined again, falling 3.40, or 8.4%, to 36.85.
Estee Lauder gained 1.09, to 39.85. The New York beauty-products maker posted fiscal fourth-quarter results that lived up to Wall Street's projections.
Charles Schwab fell 50 cents, to 12.87, sinking to a 52-week low. The San Francisco discount-brokerage house has explored the possibility of purchasing the securities concern Jefferies Group, according to yesterday's Wall Street Journal. Jefferies gained 62 cents, to 36.65, reaching a 52-week high.
Several multinational consumer-products companies made progress during the session, as investors responded to recent weakness in the value of the U.S. currency. Procter & Gamble gained 2.01, to 74.19. Colgate-Palmolive rose 98 cents, to 55.36. Kimberly-Clark gained 1.17, to 62.11.
On the New York Stock Exchange, there were 1,689 issues advancing and 1,389 declining.
NYSE volume totaled 1,060,367,770 shares, compared with 1,061,487,720 Wednesday. The average price per share rose two cents.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
India To Begin Conciliation Talks With Enron Unit Sat
08/17/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
NEW DELHI -(Dow Jones)- India's government will begin Saturday the first round of conciliation talks with U.S. energy major Enron Corp.'s (ENE) Indian subsidiary Dabhol Power Co., the Press Trust of India news agency reported Friday.
The talks are aimed at resolving all outstanding issues between the government and DPC which resulted in the stoppage of power generation May 29 at the $2.9 billion 740 megawatt Dabhol project in the western Indian state of Maharashtra, PTI said.
As reported, DPC gave a conciliation and an arbitration notice to the federal government April 4 for not honoring counter-guarantees over non-payment of electricity bills by Maharashtra State Electricity Board for December 2000 and January.
India has appointed retired Supreme Court Judge B.P. Jeevan Reddy as its conciliator, while DPC has appointed former Chief Justice of New South Wales Lawrence Street as its representative on the three-member panel. Former New Zealand High Court Judge David A.R. Williams is the third conciliator, jointly chosen by both parties.
Dabhol is India's single largest foreign investment to date.
-By Himendra Kumar; Dow Jones Newswires; 91-11-461-9426; [email protected] -0- 17/08/01 10-55G
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
India Cabinet Oks Power Bill; To Seek Parliament Nod
08/17/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)
NEW DELHI (Dow Jones) India's Cabinet Thursday approved the Electricity Bill 2001, which seeks to change the country's outdated power laws and restructure loss-making state electricity boards, government spokeswoman N.J. Krishna said Friday.
The comprehensive legislation seeks to replace the existing Indian Electricity Act of 1910, the Electricity Supply Act of 1948 and the Electricity Regulatory Commissions Act of 1998.
Krishna said the Business Advisory Committee of parliament will decide when to introduce the bill. The current parliament session ends Aug. 31.
The current draft calls for restructuring the state electricity boards by pulling transmission services out as an independent activity. States could retain generation and distribution activities or they could privatize them as well.
The legislation is deemed positive for producers and consumers, said Vishvjeet Kanwarpal, a New Delhi-based energy consultant with the Asia Consulting Group, as the bill calls for the creation of state-level regulatory electricity commissions.
Such commissions will function as "independent bodies to regulate the rate of tariffs and basically create a level playing field for IPPs (Independent Power Producers) and consumers," said Kanwarpal.
Tariff rates have proved to be a sore point in power purchase agreements in India, most visibly with the Enron Corp. (ENE) sponsored Dabhol Power Company in Maharashtra.
The DPC plant was shut May 29 after its sole buyer, the Maharashtra State Electricity Board, stopped drawing power because of what it called "unaffordable tariffs of DPC."
Kanwarpal said if state electricity boards want to raise tariffs, this would be conditional on the boards increasing efficiencies laid down by the regulators.
"It's a carrot and stick approach to increase greater efficiency," he said.
Regulators will also work to prevent widespread power theft - the bane of India's power sector which comprise a significant proportion of transmission and distribution losses.
The legislation, if passed, could also open up power trading between deficit and surplus regions to the private sector. Currently, such power trading is restricted to state-owned Power Trading Corp.
-By Sonal Singh; Dow Jones Newswires; 91-11-4619426; [email protected] (with contributions by Sri Jegarajah in Singapore) -0- 17/08/01 09-17G
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
WORLD STOCK MARKETS - Big caps help Wall Street's late fightback.
By MARY CHUNG.
08/17/2001
Financial Times
(c) 2001 Financial Times Limited . All Rights Reserved
US stocks battled back from earlier losses as big caps provided a lift to the struggling indices.
The Dow Jones Industrial Average rose 46.57 to 10,392.52 while the S&P 500 index added 3.64 to 1,181.66. The Nasdaq Composite, which had fallen below 1,900, came back to close up 11.43 to 1,930.32. Volume was moderate with 1.06bn trades in the NYSE.
Ciena, which joined the long list of companies warning of an earnings shortfall, weighed on technology stocks early in the session. Shares tumbled 30.3 per cent to $19.61.
Among other stocks in the sector, ONI Systems trimmed steep losses to end 8 per cent lower at $17.02 and Corning reversed course to close up 0.8 per cent at $15.05.
Brocade Communications shed 8 per cent to $27.96 after the data storage network said fourth-quarter profits would fail to meet Wall Street expectations. The stock was also hit by a downgrade from JP Morgan. EMC gained 4.7 per cent at $16.85 after trailing earlier.
Dell fell 0.5 per cent at $25.38 ahead of its earnings results due after the close of trading. Hewlett-Packard gained 0.1 per cent to $24.13. The company reported results that topped Wall Street estimates after the close.
Intel, the world's biggest chipmaker, gained 1.3 per cent at $30.16 and Microsoft rose 2 per cent at $64.62.
Other leading Dow components included McDonalds, up 4 per cent to $29.70 and United Technologies, up 4 per cent to $73.60.
Retailers were hit as Gap fell 1 per cent to $23.35 after UBS Warburg downgraded the company ahead of its earnings results due after the close. Ann Taylor rose 0.5 per cent to $35.07 despite reporting second-quarter earnings that failed to meet analysts' estimates.
Charles Schwab fell 4 per cent to $12.87 after Salomon Smith Barney cut its 2001 and 2002 earnings estimates on the discount broker.
Energy shares plunged as Enron continued its decline, down 8.4 per cent to $36.85, following the resignation of its chief executive earlier this week. Exxon Mobil dropped 0.7 per cent to $41.21.
Positive economic data also helped change investor sentiment and revealed signs that the US economy may be emerging from its year-long decline. Figures showed positive trends in housing starts, inflation and jobless claims.
Toronto moved lower in early trading as technology leaders met with renewed selling. But the TSE-300 index recovered to 7,569.47 by the close, up 36.75.
Nortel Networks hit an intraday low of C$10.02 before closing up 15 cents at C$10.65. JDS Uniphase also ended down, but still above its intraday low of C$12.93.
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Aug. 17, 2001, 1:17AM
Houston Chronicle
Snags still slowing electricity pilot
Switch may take until October
By LAURA GOLDBERG
Copyright 2001 Houston Chronicle
Some consumers taking part in the state's electricity deregulation pilot program might not start getting power from their new -- and cheaper -- providers until as late as the end of October.
It was hoped most would start in August or September.
Switching consumers to new power companies has been slow because of computer glitches at the Electric Reliability Council of Texas, known as ERCOT.
Computers used for the switching were shut down Tuesday and Wednesday so ERCOT could test recent upgrades and fixes.
But they were up and running well Thursday, said Sam Jones, chief operating officer at ERCOT, which is charged with handling a variety of operations needed to make electricity deregulation function.
Several electricity providers remain critical of ERCOT's switching capabilities, saying the delays are costing them money and questioning ERCOT's ability to do what it's supposed to do in an accurate and timely way.
But Jones said the systems are running much better since the shutdown.
"We really think that we're getting on top of the issue," he said.
Texas opens its electricity market to competition on Jan. 1. The pilot was planned so ERCOT, energy companies and others could test systems and work out bugs before then.
A limited number of consumers are also participating.
The pilot was originally scheduled to start June 1 but was delayed three times because ERCOT's systems weren't ready. Instead, it began July 31.
Almost 64,000 Houston residents signed up to get power from companies other than Reliant Energy HL&P during the pilot. Statewide, about 103,000 residents signed on.
Under the original schedule, they would have been getting cheaper power from their new providers by now.
With the July 31 start, ERCOT hoped to process pending switching requests by the end of August. If so, everyone in the pilot should have gotten power from new providers by mid-October at the latest. It was expected most would start in August or September.
Once ERCOT processes a switch, it sends a postcard to a consumer seeking verification he or she wants a change. Once received, service from a new provider begins after the end of a consumer's normal meter-reading cycle. The two steps can take as long as 45 days.
So far, ERCOT has about 2,500 requests in various stages of being processed.
More than 150 consumers have actually begun receiving power from new providers, Jones said.
Once ERCOT brought the computers up, it processed 330 switches Thursday. It could ramp up to 1,300 a day next week. Jones said ERCOT should be able to process all the pending switch requests by mid-September.
Shell Energy Services and the New Power Co., both of which signed up Houston customers, are among those who have criticized ERCOT.
Shell, in a filing Thursday with the state Public Utility Commission, said ERCOT's problems hadn't been resolved and that error rates during the switching process have been increasing. The PUC oversees ERCOT.
"Some of our customers still cannot even be identified, much less billed on a timely and accurate basis, or have their power scheduled correctly," Shell wrote.
Jones disagreed that error rates are increasing.
"What we've been doing is concentrating more on just getting the system fixed ... and that's basically what we've been able to do in the last two days," Jones said.
At New Power, Suzanne Bertin, manager of government affairs, doesn't believe all its switching requests will be processed by mid-September.
New Power has signed up close to 50,000 residential and small-business customers for the pilot.
Barring any more significant delays, Bertin said she believes there should still be enough time to run a proper pilot.
"We would have liked several months to test out our billing systems," Bertin said.
"At this point we'd be happy if we had a couple cycles. We certainly don't want to run into a situation where the first bill gets issued in December."
Based on current knowledge, Thursday a PUC spokesman said, "The market will be ready for retail competition Jan. 1."
Socially unconscious funds
There's good reason the fund group draws paltry assets
CBS MarketWatch.com
August 13, 2001
LOS ANGELES (CBS.MW) - For several years, I've been an ardent supporter of socially responsible mutual funds. Until recently, many have been as successful financially as they are socially conscious, even beating the major indexes. Besides, being against something like "social responsibility" sounds evil.
The fact is that most fund investors aren't interested in socially responsible funds. Why else is only $12 billion of the mutual fund industry's $6 trillion in total assets invested in them? I discovered why from my sister recently.
My sister is a nurse who's worked for and donated lots of time to charities for years -- prison ministries, the elderly, migrant workers. She's a good soul who loves helping people. But she's convinced even the leading socially responsible funds are investing in socially irresponsible companies.
Actually, her perspective shouldn't have surprised me. You can't please everybody -- one woman's sin city may be some guy's pleasure trip. If you try to screen out every single company that invests in one of the 12 major "evil" categories, you might have nothing left in fund portfolios, especially in this age of mega-conglomerates.
Imagine eliminating every stock that had anything to do with alcohol, tobacco, gambling, weapons and animal testing. Plus eliminating every company with a division or subsidiary somewhere in the world that violates human rights, labor relations, women's rights and the environment. There's not much left.
Do fund investors really lack a social conscience?
My sister got me thinking. The Social Investment Forum <http://www.socialinvest.org/> says there was $2 trillion invested in all socially responsible securities as of their most recent Trends Report 1999 <http://www.socialinvest.org/areas/research/trends/1999-Trends.htm>.
Yet the roughly 100 socially responsible funds hold less than 1 percent of the $6 trillion in all mutual funds. For perspective, consider there are 45 large mutual funds each with more assets than all the socially conscious funds.
In other words, socially responsible investors are putting about 99.5 percent of their socially responsible $2 trillion directly into companies, not the funds - with a mere $12 billion in funds.
Do fund investors really lack a social conscience? No, just when it comes to funds. And you can see why they avoid these funds. I saw why by looking at several - from my sister's perspective. Here's a few observations using Morningstar data as of June 2001:
Domini Social Equity(DSEFX <http://cbs.marketwatch.com/tools/quotes/detail.asp?view=detail&symb=DSEFX>) The biggest is a large-cap blend fund with $1.3 billion in assets. Domini created the popular socially responsible Domini Index. The fund's 10-year average is over 14 percent annually, despite a 19.4 percent drop the past 12 months. At 0.96 percent, the expenses are very high for index fund. My sister nixed the fund because it's invested in stocks like Pepsi and Disney, which don't meet her personal "screens."
Pax World Balanced(PAXWX <http://cbs.marketwatch.com/tools/quotes/detail.asp?view=detail&symb=PAXWX>) The granddaddy of the lot was launched in 1971. Now with $1.2 billion in assets, it's averaged 11.4 percent annualized over the past decade and is down only 1.2 percent the past year, thanks to its hybrid balanced strategy. But bad news here -- it invests in greedy energy companies like giant Enron. Out!
Dreyfus Premier Third Century(DRTHX <http://cbs.marketwatch.com/tools/quotes/detail.asp?view=detail&symb=DRTHX>) Another veteran launched in 1972, with $989 million in assets. It lost 27.3 percent in the past 12 months, but has a 12.2 percent annualized return for the past decade. Even if the fund wasn't closed, companies like Wal-Mart aren't acceptable to people who hate these giants for destroying little family retailers.
Calvert Social Investment Balanced(CSIFX <http://cbs.marketwatch.com/tools/quotes/detail.asp?view=detail&symb=CSIFX>) Calvert is a leader among socially responsible fund families. This one manages $667 million and has been around since 1982. Yet its 4.75 percent front end fee hardly seems socially conscious. And the Calvert World Value International Equity fund is worse, with a deferred load of 5 percent, a one percent 12b1 fee and a humongous 3 percent expense ratio.
Citizens Core Growth Standard(WAIDX <http://cbs.marketwatch.com/tools/quotes/detail.asp?view=detail&symb=WAIDX>) Here's another respected fund family in the socially conscious arena, managing $613 million. It's lost 23 percent the last year, but is averaging 14.5 percent the past five years. My sister has a strong bias against the major banks and their credit card companies, so this got axed, too.
I could go on, but you get the point. In the final analysis, socially conscious investing is really a matter of personal conscience. Even after the Social Investment Forum screens companies, almost any funds can be excluded for one reason or another, by one person or the other. It's all a matter of personal, ethical and moral beliefs. Period.
Invest in socially conscious companies, not funds
Moreover, I believe this explains why even the so-called socially conscious investor is ignoring socially conscious funds - apparently in favor of direct investing in the companies. Why else is so little money invested in these funds
I don't suggest that Americans are socially unconscious. Funds just don't do the best job of screening. So ultimately it's an individual's screen that counts, and there are 83 million unique investors doing the screening. My advice, if you choose, please do invest with your conscious, make a profit in some excellent companies that fit your own personal guidelines - and then donate a share of your profits to a "good cause" that fits your consciousness. | {
"pile_set_name": "Enron Emails"
} |
Judy, what is the proper mailing address in Calgary that my supporting documents should be sent to. Also, should I include a blank cheque to you for payment to the Canadian Taxes or do you want me to wait until we know what the amount is.
Thanks. BT | {
"pile_set_name": "Enron Emails"
} |
Doug Nichols, Robin Tompkins and Dave Aamodt of PGE have asked if they can be
added to the California Crisis conference call list. Their E-mail addresses
are: [email protected], [email protected], [email protected] | {
"pile_set_name": "Enron Emails"
} |
Hi Matt:
?????????????????????????????????????????????????????????????????????
?????????????????????????????????????????Enjoyed the golfing Nun story. A
little shocked ?where it came from. ?Are you still going to Denver the last
of May? We still hope to get there but are not sure yet. I haven't played
much golf lately-not hot enough yet (ha).Hope to see you soon.
???????????????
??????????????????????????????????????????????????????????????????????????????
??Grandpa | {
"pile_set_name": "Enron Emails"
} |
Your message
To: Dowjones1 (E-mail); Dowjones2 (E-mail); Gas Daily (E-mail);
Iferc1 (E-mail); Iferc2 (E-mail); NGI (E-mail)
Sent: Fri, 19 Oct 2001 14:10:30 -0500
was delivered to the following recipient(s):
Mailbox - Gas Daily on Fri, 19 Oct 2001 14:31:00 -0500
MSEXCH:MSExchangeMTA:HOUSTON:GAGE
- C.DTF | {
"pile_set_name": "Enron Emails"
} |
do you want me to take care of routing this?
thanks
Sheri
---------------------- Forwarded by Sheri Thomas/HOU/ECT on 10/03/2000 12:31
PM ---------------------------
"Crump, Andrea (US - Atlanta)" <[email protected]> on 09/28/2000 04:22:24 PM
To: [email protected], [email protected], [email protected]
cc:
Subject: Resume of Zach Streight
Hello,
Thank you in advance for taking the time to review Zach's resume for
potential opportunities at Enron.? I appreciate your offer to identify if
there are areas within Enron that could utilize his technical, business and
project implementation skills.
Zach has worked the past 4 years as a technical consultant in our Customer
Relationship Management practice of Deloitte Consulting.? His experience
demonstrates a broad range of technical and business expertise working for
clients such as the State of California, Puget Sound Energy and Kaiser
Permanente.? Zach also played an integral role in the international
e-commerce project based in Switzerland.
Zach is interested in finding a position which will enable him to leverage
his technical skills in a business role for a company.? His contact
information is listed on his resume if you feel as though his skills would
meet the needs of a division within Enron.
Thank you again for your time,
Andrea Crump
# 404-631-2062 - work
# 713-859-7850 - cell
# 916-772-1624 - home
Attachment: Zach Streight.pdf (resume)
<<Zach Streight.pdf>>
- Zach Streight.pdf | {
"pile_set_name": "Enron Emails"
} |
To Everyone on the CPUC Web-Based Service List Proceeding No. I. 99-07-003
Showing an e-mail Address:
Attached is the Reply Brief filed with the CPUC by Kern River Gas
Transmission Company.? Please contact me if you have any questions.
<<1209 GIR-RB.doc>>
Mark C. Moench
Williams
801.584.7059
This transmission may contain information that (1) may be subject to the
attorney-client privilege, (2) may constitute attorney work product, or (3)
may be strictly confidential.? It may not be used, disclosed, printed or
forwarded, unless otherwise directed by the sender.? If you have received
this transmission in error, please reply and notify the sender only and
delete this message.
- 1209 GIR-RB.doc | {
"pile_set_name": "Enron Emails"
} |
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"pile_set_name": "Enron Emails"
} |
Thanks for the present-I really appreciate your thoughtfulness. Am going to
have it framed and put up some place in the house. Heard the great news
about Debbie and you-my congratulations. As we both know kids make this a
special place-wish you all the happiness and joy in the world.
Hope all is well with you and that you had (are having) a great Holiday
Season.
Bill | {
"pile_set_name": "Enron Emails"
} |
Press release attached.
-----Original Message-----
From: "Damon Silvers" <[email protected]>@ENRON
Sent: Friday, November 02, 2001 11:18 AM
To: Lay, Kenneth
Subject: AFL-CIO Press Release
Ken,
The attached was inadvertantly omitted from my earlier email. My apologies.
Damon A. Silvers
Associate General Counsel
AFL-CIO
815 16th Street, N.W.
Washington, DC 20006
(202) 637-3953
fax (202) [email protected]
- AFL-CIO Enron press release.doc | {
"pile_set_name": "Enron Emails"
} |
Attached are five flyers from the California Independent Energy Producers
providing information about the California power issue. | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Sara Shackleton/HOU/ECT on 12/12/2000 02:54 PM -----
Soma Ghosh
12/06/2000 05:37 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: Tanya Rohauer/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Wendi
LeBrocq/Corp/Enron@Enron
Subject: Bank of America Credit Support Annexe
Sara,
With respect to the amendment to the B of A ISDA Credit Support Annexe, the
contact at B of A is James Allred (MD Energy Finance Group & Credit
Products). He will pass the docs onto the relevant lawyer.
Tel: 713 651 4830
Fax: 713 651 4841
[email protected]
As you suggested, I have spoken with Tanya re. the Credit Support Annexe, &
she will be sending you a worksheet.
I have left messages with Teresa re. Mahonia docs. I would be grateful if you
would speak with her so that we have consistency in the Chase & Mahonia
contracts.
Please give me a call if you need anything else.
Many thanks,
Soma | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Jeff Dasovich/NA/Enron on 01/12/2001 07:40 PM -----
Scott Govenar <[email protected]>
01/12/2001 01:24 PM
To: Hedy Govenar <[email protected]>, Mike Day <[email protected]>, Bev
Hansen <[email protected]>, Jeff Dasovich <[email protected]>, Susan J Mara
<[email protected]>, Joseph Alamo <[email protected]>, Paul Kaufman
<[email protected]>, David Parquet <[email protected]>, Marcie
Milner <[email protected]>, Tim Belden <[email protected]>, Rick Shapiro
<[email protected]>, Jim Steffes <[email protected]>, Alan Comnes
<[email protected]>, Chris Calger <[email protected]>, Mary Hain
<[email protected]>
cc:
Subject: ABX 5 / ABX 6
ABX 5 and ABX 6 both passed out of the Assembly this morning.
ABX 5 ) Regarding ISO/PX governance, passed off of the Assembly floor on
a vote of 60-9. All 9 &no8 votes were cast by Republicans. The only
legislator to speak against the bill was Assemblyman Phil Wyman who
objected to the idea of giving Governor Davis the sole authority to
appoint ISO and PX members.
ABX 6 ) Regarding retention of IOU generation assets, passed off of the
Assembly floor on a vote of 60-10. All 10 &no8 votes were cast by
Republicans. Three legislators spoke against the bill: Assemblyman John
Campbell, who indicated that he could support the bill if it had a
sunset provision, and Assemblyman Sam Aanestad and Assemblyman Rod
Pacheco, both of whom objected to the idea of giving the CPUC more
authority. Assemblyman Aanestad indicated that he does not believe
deregulation is the cause of our current situation, but rather, previous
decisions by the CPUC. | {
"pile_set_name": "Enron Emails"
} |
I think it is great! When is the best time for me to make my contribution?
On the radio show or before?
Laura Schwartz@ENRON
12/11/2000 04:07 PM
To: Elyse Kalmans/Corp/Enron@ENRON, Mark E Haedicke/HOU/ECT@ECT
cc:
Subject: CARE
This is what is running on eTV to promote our effort.
Laura
- KRBE.exe | {
"pile_set_name": "Enron Emails"
} |
Put this in my central desk binder - gas.
-----Original Message-----
From: Luce, Laura
Sent: Friday, March 09, 2001 4:27 PM
To: Kitchen, Louise; Lavorato, John; Leschber, Edie
Cc: Shively, Hunter
Subject: 2001 Metrics/Goals
Louise/John:
Attached are the specific numbers associated with the Central Region Goals/Objectives for 2001. If you have questions or require additional clarification, please contact me at 312/541-1225.
Thanx,
Laura | {
"pile_set_name": "Enron Emails"
} |
I just received the counterparty match-ups for next month's futures. They are
as follows:
Deal #467455
60 MW
175.00
Palo Verde
Z-00
10 MW to Sempra Energy Trading Corp.
Contact: Chris Bennett
203-355-5604
50 MW to Southern Company Energy Marketing
Contact: Mark
678-579-3470
Please let me know if you have any questions on this.
Thanks,
Kate | {
"pile_set_name": "Enron Emails"
} |
Attached is the Cost Summary for the 2000 Peakers with actuals thru 10/9/00.
Please call me if you have any questions.
thanks,
theresa
x58173 | {
"pile_set_name": "Enron Emails"
} |
Nope:)
----- Original Message -----
From: Storey, Geoff <mailto:[email protected]>
To: Pam Storey <mailto:[email protected]>
Sent: Wednesday, December 26, 2001 8:42 AM
Subject: Did you send the info to Denise Hamon for the ins. quotes?
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at [email protected] and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
********************************************************************** | {
"pile_set_name": "Enron Emails"
} |
We finally connected.
Beau Normark (sp?), ABB President is coming for a visit to the local ABB office and wants to meet with Enron as part of a general meet n' greet (as suspected).
They don't have any particular agenda in mind, but will probably want to talk a bit about the business relationship Enron and ABB have enjoyed in the past, our current projects (e.g. TexMex) and any plans we might care to share about the future.
Dave | {
"pile_set_name": "Enron Emails"
} |
Hunter,
I have attached below two worksheets. One that shows all of the users that are in the Level 1 category, and another that shows the files that only the Level One category will be able to view.
We will be able to add and take off people or files on either of these lists whenever requested.
Thank you,
Amanda K. Huble
Gas Fundamentals
Phone: (713) 853-4384
Pager: (877) 482-0772
Fax: (713) 646-8453 | {
"pile_set_name": "Enron Emails"
} |
At the request of Clint Freeland (who works with Tim DeSpain), attached is
Enron Corp.'s template for a forward transaction.
Stephanie Panus
Sr. Legal Specialist
Enron North America Corp.
1400 Smith Street, Suite 3806
Houston, Texas 77002 | {
"pile_set_name": "Enron Emails"
} |
FYI
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/10/2000
01:26 PM ---------------------------
From: Richard Reichardt@ENRON COMMUNICATIONS on 10/10/2000 12:30 PM
To: Mike McConnell/HOU/ECT@ECT
cc: Larry Lawyer/Enron Communications@Enron Communications, Tom Gros/Enron
Communications@Enron Communications, Vince J Kaminski/HOU/ECT@ECT, Kevin
Garland/Enron Communications@Enron Communications, Richard DiMichele/Enron
Communications@Enron Communications, Ken Rice/Enron Communications@Enron
Communications
Subject: Seismic Data on Oil & Gas field Development via Satellite
Mike,
Using NASA satellite transmission of maritime data and establishing a Houston
Data Center to consolidate and centrally process 3D seismic data surveys for
oil and gas extraction, exploration and development could save the petroleum
industry more than $300 million dollars annually through reduced operational
expenses. Added value in shortening the time to process and deliver the
finished surveys should generate more than $26 million per site (based upon
$15/barrel for average oil well production to market 30 days sooner)in
revenue. By re-selling this data to market analysts or by internally using
this data for forecasting future oil/gas production Enron could increase the
accuracy of forecasting reserves and production capabilities globally. By
holding the data as exclusive (or partially exclusive), Enron would have a
significant market advantage in futures pricing for oil and gas.(Vince's team
is quantifying the valuation of this information)
Attached please find an updated version of the business case for seismic data
transfer via satellite, by a geophysicist at SpaceData - William K. Aylor,
calculated using $22/barrel oil.
Based upon your availability, Jon Adler and I would like to make a
presentation to you (or your designated representative) on the Enron
potential of this opportunity, sometime next week (17-20 October).
- SDT Business Case4.pdf
V.R.,
Richard Reichardt
Enron Broadband Services
(713)-345-8377 (Office)
(713)-907-3767 (Mobile)
1400 Smith Street, Suite EB 4364
Houston, Texas 77002 | {
"pile_set_name": "Enron Emails"
} |
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"pile_set_name": "Enron Emails"
} |
David, I don't know if you are the right person to speak with; however, I am
looking for detail to explain the substantial increase in insurance related
cost allocations to ENA for 2001. We have been given allocation projections
that increase our expense from $3.9M to $8.0M. I would like to know how this
was determined and the nature of these costs (ie) what assets/positions.
If you are not the right person, I apologize for the intrusion and could you
please pass this on to the right spot.
Regards
Dave Delainey | {
"pile_set_name": "Enron Emails"
} |
At the request of Jim Derrick, attached is a Memorandum from Mr. Derrick to
all Enron Attorneys outlining the obligations of Enron Corp., Enron Energy
Services, LLC and their respective controlled affiliates under a
Noncompetition Agreement that was recently executed. Also attached is an
Executive Summary of the Agreement and an electronic version of the Agreement
as executed. Please also circulate this Memorandum to any attorneys in your
respective business units if they are not on this distribution.
Please note that the Noncompetition Agreement and the transactions underlying
same are highly confidential and have not been publicly announced.
Therefore, please treat same with strict confidence.
The attachments are also being distributed to the Enron Corporate Development
Group and members of the Enron Executive Committee.
Robert | {
"pile_set_name": "Enron Emails"
} |
I disagree. NONE of the problems I've had in the last 2 weeks can be
attributed to changes. There was no explanation given as to why they booked
me to return a day early on the first trip to DC. What was up with that? Last
week, I wrote down EXACTLY the flights I wanted didn't change my plans. In
fact, I've spent more time investigating my options by myself than I ever had
before.
A travel agent ought to be able to deal with changes anyway. That is what
business travel is all about, and has been for the 16 years I've been flying
around North America, South America and Europe. I've had good agents and bad
ones. The good ones can deal with the changes and never miss a beat.
Please have my flight changed as follows:
Wednesday, August 2nd, change to Continental flight no. 1882, departing IAH
at 122pm and arriving RDU at 510pm.
The remainder of the travel plans stay the same.
Thanks,
Kay
From: Suzanne Adams@ECT on 08/01/2000 10:05 AM
To: Kay Mann/Corp/Enron@ENRON
cc:
Subject: Re: Flight Change
All this changing is where the problems come in!!!!!!! Why can't they just
make up their mind about what time they want to leave. You are already
upgraded and ticketed. Let me know ASAP if you want to change so they won't
charge your card, etc.
Kay Mann@ENRON
08/01/2000 09:56 AM
To: Suzanne Adams/HOU/ECT@ECT
cc:
Subject: Flight Change
Let me think about it.
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/01/2000 09:56
AM ---------------------------
Heather Kroll@ECT
08/01/2000 09:53 AM
To: Kay Mann/Corp/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT
cc:
Subject: Flight Change
I moved Ozzie and my flight to Raleigh up to the 1:22 pm Continental flight.
Please have your assistants change your reservations also if you would like
to get in earlier.
Heather | {
"pile_set_name": "Enron Emails"
} |
Richard,
Per Sara'as request, please find attached a List of Master Agreements for Enron's Domestic Affiliates:
Please be advised, this List was included in a binder of materials distributed to E&Y.
Susan
-----Original Message-----
From: Shackleton, Sara
Sent: Thursday, January 31, 2002 1:58 PM
To: Bailey, Susan
Cc: Baumfield, Richard
Subject: Master Netting Agreement List
Susan:
Please send the foregoing list to Richard. Thanks.
Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX 77002
Ph: (713) 853-5620
Fax: (713) 646-3490 | {
"pile_set_name": "Enron Emails"
} |
Mr. Jeffrey K. Skilling
CEO
Enron Corp.
Dear Mr. Skilling:
I am pleased to invite you to attend Rethinking Retail Energy: Market Risks &
Opportunities.? To be held June 19-21 at the Royal Sonesta Hotel in
Cambridge, MA, this CERA Executive Retreat will bring together leaders from
the utility, energy service provider, technology, and financial communities
for presentations and interactive discussions on strategic challenges and
opportunities in today's retail energy markets.? In addition to CERA's
experts, we also have a number of outstanding speakers confirmed, including:
* Bob Dickerman, President, Sempra Energy Solutions
* Kevin Fox, Senior VP & General Manager - Trading, Marketing & Risk
Management, Aquila
* Carol Guthrie, Group Manager -- Electricity Supply, Chevron
* John Hughes, Director -- Technical Services, ELCON
* Tony Lopez-Lopez, Chief Energy Operations Officer, SmartEnergy
* Deidre Lord, Director of Operations, AES NewEnergy
* Jim Niewald, Marketing Director, First Choice Power
* Alan Raymond, President, Shell Energy Services
* Martin Wenzel, Vice President - National Energy Sales, Enron Energy
Services
To review the most up-to-date agenda and program details, please visit our
website at: http://www20.cera.com/event/cambridge .
The program will begin on Tuesday evening, June 19 with an informal welcome
reception and dinner, will continue on Wednesday morning, June 20, and
concludes early in the afternoon on Thursday, June 21.? In addition to the
timely and insightful presentations, the program also provides substantial
opportunities for networking with CERA staff, members of CERA's Retail Energy
Advisory Service, and other invited guests.? The current attendee list
includes senior representatives of leading companies including:
* AES NewEnergy
* Allegheny Power
* Chevron Energy Solutions
* Cinergy Capital & Trading
* CMS Marketing, Services & Trading
* Detroit Edison
* Entergy Services
* Exelon Energy
* Idaho Power
* Itron
* Mirant
* NewPower Company
* OGE Energy
* Ontario Power Generation
* Peace Software
* Reliant Energy
* Riverstone Holdings
* Schlumberger RMS
* Select Energy
* Sempra Energy Solutions
* Shell Energy Services
* Williams Energy Marketing & Trading
I sincerely hope you will be able to join us.? To register, please complete
and return the enrollment form found on the CERA website at
http://www20.cera.com/event/cambridge .
Best regards,
David Gibbons
Commercial Director, Retail Energy
Tel: +1 617 441 1319
[email protected]
*****************************************************************
Our relationship with you is very important to us.? If you do not wish to
receive future e-mail notifications, please send a reply to this message with
"DoNotEmail" as the subject of your message. (
mailto:[email protected]?subject=DoNotEmail )
***************************************************************** | {
"pile_set_name": "Enron Emails"
} |
We have decided to use: Voyager Development Company, L.L.C. for the new
Homestead land option. We had initially planned to use it for an option that
we let go (Option Agreement never got assigned to Voyager either). According
to Greg Krause, the only thing associated with Voyager was an old
interconnect study request that was paid for and never used. I feel
confident that Voyager is "clean" to use.
Kathleen
-----Original Message-----
From: Ann Elizabeth White
Sent: Saturday, May 19, 2001 12:19 AM
To: Kathleen Carnahan
Subject: New lease option
I talked to Kay about the new land option Greg will be negotiating this
weekend in Homestead. She said to put the options in the terminal company,
not Lauderdale Land, LLC as you had suggested. Pick one of the other LLCs
for me and let me know the name.
Thanks. | {
"pile_set_name": "Enron Emails"
} |
Geoff,
Did you make it back ok? The front desk had no idea where the tux
was, in fact they didn't even have you checked out!!! So we waited around
until noon and had them go up to your room and check. Anyway, they finally
called and said they found it about 4pm and I went back and got it. Thanks
again for coming up, hope you had a good time. LAter
Jon Childers
Sears Premise Network Support
IBM Global Services
847-286-9261 | {
"pile_set_name": "Enron Emails"
} |
This came from the PR Firm that our retail coalition, Alliance for Retail
Markets (ARM), hired. In case you haven't seen info on this.
----- Forwarded by Susan J Mara/NA/Enron on 11/29/2000 10:13 AM -----
"Fairchild, Tracy" <[email protected]>
11/28/2000 05:14 PM
To: "Aaron Thomas (E-mail)" <[email protected]>, "Andrea Weller
(E-mail)" <[email protected]>, "andrew Chau (E-mail)" <[email protected]>,
"Bill Chen (E-mail)" <[email protected]>, "Douglas Oglesby (E-mail)"
<[email protected]>, "Jeffrey Hanson (E-mail)" <[email protected]>,
"jennifer Chamberlin (E-mail)" <[email protected]>, "john Barthrop (E-mail)"
<[email protected]>, "John Leslie (E-mail)" <[email protected]>, "Joseph
Alamo (E-mail)" <[email protected]>, "Kathleen Magruder (E-mail)"
<[email protected]>, "Marcie Milner (E-mail)" <[email protected]>,
Michael Nelson <[email protected]>, "Mona Petrochko (E-mail)"
<[email protected]>, "Peter Bray (E-mail)" <[email protected]>, "Rebecca
Schlanert (E-mail)" <[email protected]>, "Richard Counihan (E-mail)"
<[email protected]>, "Robert Morgan (E-mail)"
<[email protected]>, "Sue Mara (E-mail)" <[email protected]>
cc: "Warner, Jami" <[email protected]>, "Allen, Stevan"
<[email protected]>, "Beiser, Megan" <[email protected]>,
"Fairchild, Tracy" <[email protected]>
Subject: Harvey Rosenfield Press Conference Today
As you know, the Foundation for Taxpayer and Consumer Rights held a news
conference today at the Capitol regarding a potential ballot initiative on
electricity dereg. in 2002. Megan Beiser, of Edelman's ARM team, attended
the conference. Below you will find key comments that Megan pulled out of
Rosenfield's statement during the conference, as well as the official
document provided by the foundation during the conference.
<<Rosenfield Press Conference Notes 11-28-00.doc>> <<Statement of Harvey
Rosenfield 112800.doc>>
Tracy Fairchild
Account Supervisor
Edelman Public Relations Worldwide
(916) 442-2331
[email protected]
- Rosenfield Press Conference Notes 11-28-00.doc
- Statement of Harvey Rosenfield 112800.doc | {
"pile_set_name": "Enron Emails"
} |
This is the latest info I have!
---------------------- Forwarded by Joseph Alamo/NA/Enron on 05/11/2001 08:44
AM ---------------------------
Kurt Lindahl@ENRON_DEVELOPMENT
05/05/2001 06:56 AM
To: Joseph Alamo/NA/Enron@ENRON
cc:
Subject: Re: Meeting/Availability for May 11th
Joseph,
Thanks for setting up the meeting. I would like to move the start time upt
to 9:00 or 9:30 am if that is convenient for Jeff and Sandi. Please advise.
Kurt
Joseph Alamo @ ENRON
05/04/2001 04:26 PM
To: Kurt Lindahl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Sandra McCubbin/NA/Enron, Jeff Dasovich/NA/Enron
Subject: Meeting/Availability for May 11th
Kurt,
I now have confirmations from both Jeff Dasovich and Sandi McCubbin, who
should both be
available to meet with you here in our offices on Friday, May 11th (10 a.m.,
correct?).
Please keep me apprised of your plans.
Thanks,
Joseph Alamo
Sr. Administrative Assistant
Government Affairs - The Americas
(415) 782-7841 | {
"pile_set_name": "Enron Emails"
} |
BusinessWeek is writing a story for its eBiz insert in mid-May about how
Enron is using the Internet and e-commerce to again transform its
businesses. Wendy Zellner, who works out of the magazine's Dallas bureau,
will be in Houston on Tuesday and Wednesday to conduct interviews.
The following are the interview topics and schedule:
Tuesday, May 2
10 a.m. - Shareholder meeting
3:30 p.m. - Louise Kitchen
How was EnronOnline conceived and created?
What did you and your group have to do to get EOL up and running?
Did it really take only six months?
How much did it cost to develop?
How does EOL change Enron's existing business?
Does it let you or your customers do anything that they couldn't do before?
How much market share are you gaining and from whom?
How much incremental revenue/profits will you ultimately get from EOL?
How long does a trade take now vs. the old system?
Does the Net make any new products possible?
How does EOL compare to other electronic exchanges being created (such as the
Dynegy/Williams/eSpeed venture)?
What savings, back office and otherwise, do you get from going online?
Wednesday, May 3
1:30 p.m. - Joe Hirko
Explain the technicalities of setting up this business.
What kind of technology did you have to invest in to make this happen?
How big is the market opportunity, how fast-growing, how profitable?
What advantages/disadvantages does Enron have vs. competitors?
What are the potential roadblocks to creating a truly liquid market for
trading bandwidth?
Why is it important to have a network and the content delivery services along
with the trading?
How much will you invest this year? Next year?
(note: we've given Wendy the names and numbers of customers -- Verio, US
West, Atomfilms)
3:30 p.m. - Jeff Skilling
How is Enron using the Internet overseas to reach new customers more quickly?
Germany example -- setting up web site to reach local distribution companies
quickly -- How many customers has it helped you sign up and in what time
period? How long would that have taken under the old regime?
Where else are you using the Internet abroad and with what results?
What kinds of products might go through EOL in the future?
What are the characteristics of the things you'll consider?
In all areas, how does Enron stack up to the competition when it comes to
using the Internet?
How soon will EOL have competition?
How long-lasting will your first-mover advantage be?
Is the Internet changing in any significant way any other internal processes
at Enron - i.e. recruiting, purchasing, managing your plants or pipelines?
4:30 p.m. - Sean Holmes
How are you using the Internet to serve the big customers that you're getting
in the retail energy business?
How is that affecting costs? Communication time?
Mark Palmer or I will bring Wendy to your office for the interview. If you
have any questions, please let me know.
Thank you for your assistance.
Karen Denne
x39757 | {
"pile_set_name": "Enron Emails"
} |
-----Original Message-----
From: Jennifer Glover [mailto:[email protected]]
Sent: Friday, January 12, 2001 10:33 AM
To: [email protected]; [email protected];
[email protected]; [email protected]
Subject: Fwd: Danger of Phenylpropanolamine
This is why Rusty and I couldn't find any Alkaseltzer in any stores!!!
Jennifer Glover
Merit Energy Company
Senior Property Accountant
(972) 383-6519
?
From: Tammy Cooper <[email protected]>
To: [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected]
Subject: Danger of Phenylpropanolamine
Date: Fri, 12 Jan 2001 10:27:20 -0600
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: multipart/alternative;
boundary="----_=_NextPart_003_01C07CC0.FC9DF7F0"
Please forward this to the people you love.
CVS has removed all products containing this chemical from their shelves.
This was seen on the News both last night and this morning. Thought it
might be helpful for all of you to have the list. Stop taking anything
containing this ingredient. It has been linked to increased hemorrhagic
stroke
(bleeding in brain) among women ages 18-49 in the three days after starting
use of medication. Problems were not found in men, but the FDA recommended
that everyone (even children) seek alternative medicine. The following
medications contain Phenylpropanolamine:
Alka-Seltzer Plus Children's Cold Medicine Effervescent
Alka-Seltzer Plus Cold medicine (cherry or orange)
Alka-Seltzer Plus Cold Medicine Original
Alka-Seltzer Plus Cold & Cough Medicine Effervescent
Alka-Seltzer Plus Cold & Flu Medicine Effervescent
Alka-Seltzer Plus Cold & Sinus Effervescent
Alka Seltzer Plus Night-Time cold Medicine Effervescent
BC Allergy Sinus Cold Powder
BC Sinus Cold Powder
Comtrex Deep Chest Cold & Congestion Relief
Comtrex Flu Therapy & Fever Relief Day & Night
Contac 12-Hour Cold Capsules
Contac 12 Hour Caplets
Coricidin D Cold, Flu & Sinus
Dimetapp Cold & Allergy Chewable Tablets
Dimetapp Cold & Cough Liqui-Gels
Dimetapp DM cold & Cough Elixir
Dimetapp Elixir
Dimetapp 4 Hour Liqui Gels
Dimetapp 4 Hour Tablets
Dimetapp 12 Hour Extentabs Tablets
Naldecon DX Pediatric Drops
Permathene Mega-16
Robitussin CF
Tavist-D 12 Hour Relief of Sinus & Nasal Congestion
Triaminic DM Cough Relief
Triaminic Expectorant Chest & Head Congestion
Triaminic Syrup Cold & Allergy
Triaminic Triaminicol Cold & Cough
Acutrim Diet Gum Appetite Suppressant Plus Diary Supplements
Acutrim Maximum Strength Appetite Control
Dexatrim Caffeine Free
Dexatrim Extended Duration
Dexatrim Gelcaps
Dexatrim Vitamin C/Caffeine Free
Please discard any of these medications as soon as possible! | {
"pile_set_name": "Enron Emails"
} |
I don't want to be the one that blows it, so I'm glad to keep you in the loop.
Roger Ondreko@ECT
01/03/2001 02:47 PM
To: Kay Mann/Corp/Enron@ENRON
cc:
Subject: Re: CA Development I and II notice of exercise of purchase option
Please keep me in the loop on the docs. thank you
Rog
Kay Mann@ENRON
01/03/2001 08:41 AM
To: Roger Ondreko/HOU/ECT@ECT
cc:
Subject: CA Development I and II notice of exercise of purchase option
Hi Roger,
We are going forward with the first deal to move stuff out of TurboPark. I
don't know if you want to see these types of documents, but what the heck,
here it is!
Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/03/2001 08:40
AM ---------------------------
Kay Mann
01/03/2001 08:28 AM
To: Fred Mitro/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Rebecca
Walker/NA/Enron@Enron, Kathleen Carnahan/NA/Enron@Enron
cc: Catherine Clark/HOU/ECT@ECT, Lisa Bills/Corp/Enron@ENRON, Roseann
Engeldorf/Corp/Enron@ENRON
Subject: CA Development I and II notice of exercise of purchase option
I am attaching a revised draft notice of intent to exercise the purchase
option for the equipment for the CA transactions. We need two separate
notices - one for CA I and one for CA II. Ben/Fred/Rebecca, could you please
prepare a draft of the two exhibits?
Lisa/Catherine/Rose, I revised the form of notice to make it track the
participation agreement and the development and construction management
agreement.
I've tentatively dated the notice as of this Friday. By my calculations,
Monday is our drop dead date since a waiver of the 5 day period is not an
option, and the deal dies if not closed by the 15th.
Ben mentioned that I should be drafting a "release letter" for the banks
and/or DevCo. It would be a big help if someone could point me to the section
in the documents which set forth the requirements of the release, since I'm
still wading through it all and haven't found the relevant language yet.
Also, please advise of the results of the conference call which you had with
the lenders (?) and/or their lawyers regarding the issue.
I am working on the assignment and assumption agreement.
Thanks,
Kay | {
"pile_set_name": "Enron Emails"
} |
Please see attached.
Thanks
Shelly | {
"pile_set_name": "Enron Emails"
} |
I'll look but nothing comes to mind.
Andrew Ralston@EES
04/12/2001 01:42 PM
To: [email protected]
cc:
Subject:
Kay
Do you have a form of term sheet outlining the terms and conditions of a
Power Purchase Agreement.
AR | {
"pile_set_name": "Enron Emails"
} |
Under Angelides flawed reasoning, shouldn't energy efficiency be outlawed, since every kilowatt saved means less money to pay DWR for the contracts and the bonds to fill the hole in the state budget? Why pick on DA?
Best,
Jeff | {
"pile_set_name": "Enron Emails"
} |
Please plan on attending our second in a series of Credit/Legal seminars.
This seminar will be held on Thursday, March 22nd, from 2:00 - 3:30 p.m. in
EB49c3 and will start out with a continuation of our first session which
covered Credit issues raised in the ISDA Master Agreement and Omnibus General
Terms and Conditions. Refreshments will be provided. Please e-mail my
assistant, Becky Spencer, if you are unable to attend. | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Jeffrey A Shankman/HOU/ECT on 02/15/2001 08:45 AM -----
Nicki Daw/ENRON@enronXgate
02/14/2001 05:03 PM
To: Cindy Olson/Corp/Enron@ENRON, Jeffrey A Shankman/HOU/ECT@ECT, John J
Lavorato/ENRON@enronXgate, Mark E Haedicke/HOU/ECT@ECT, Marty
Sunde/HOU/EES@EES, Raymond Bowen/ENRON@enronXgate, Rick Buy/HOU/ECT@ECT,
Sally Beck/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, Wes
Colwell/HOU/ECT@ECT, James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Jennifer Burns/HOU/ECT@ECT, Connie
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kimberly
Hillis/ENRON@enronXgate, Janette Elbertson/HOU/ECT@ECT, Cathy
Corbin/HOU/EES@EES, Marsha Schiller/ENRON@enronXgate, Karen K
Heathman/HOU/ECT@ECT, Patti Thompson/HOU/ECT@ECT, Maureen
McVicker/NA/Enron@Enron, Shirley Tijerina/Corp/Enron@ENRON, Kathy
McMahon/NA/Enron@Enron
Subject: Rodeo - Monday 19th February
I am pleased you and your spouse are able to join me at the Rodeo on Monday
19th February. Your tickets will be delivered to your office tomorrow
(Thursday).
The Enron Suite is number 23. It will be open from 5.30pm. As there is no
parking at the Astrodome, I have arranged for a shuttle bus to run from the
Enron Building to the Astrodome from 6pm until 10.30pm. If you would like to
utilize this, please respond to Nicki Daw (x33497).
Depart Enron Building for Astrodome
6pm
6.45pm
7.30pm
Depart Astrodome for Enron Building
9pm
9.45pm
10.30pm
Please click on the following link to see the itinerary for 19th February.
http://www.rodeohouston.com/calendar/day.cfm?day=2%2F19%2F2001
Mark | {
"pile_set_name": "Enron Emails"
} |
Robert A. Belfer
212-644-2258 (W)
212-644-2396 (WF)
212-861-3490 (H)
917-613-2700 (M)
Norman P. Blake, Jr.
719-578-4542 (W)
719-632-4180 (WF)
Ronnie C. Chan
011-852-2879-0111 (W)
011-852-2868-6036 (WF)
John H. Duncan
713-952-5454 (W)
713-785-4765 (WF)
713-740-0098 (H)
970-925-8461 (Aspen)
Paulo Ferraz Pereira
011-55-21-508-4271 (W)
011-55-21-508-4611 (WF)
Wendy L. Gramm
703-993-4884 (W)
202-966-1479 (H)
202-966-1479 (HF)
Robert K. Jaedicke
406-522-5470 (H)
406-522-5472 (HF)
Kenneth L. Lay
713-853-6773 (W)
713-853-5313 (WF)
713-630-0014 (H)
713-630-0744 (HF)
970-920-2293 (Aspen)
970-925-3137 (AF)
John Mendelsohn
713-792-6000 (W)
713-799-2210 (WF)
713-521-4686 (H)
713-521-3138 (HF)
Frank Savage
212-969-1600 (W)
212-969-1606 (WF)
John Wakeham
011-44-207-353-1248 (W)
011-44-207-353-8485 (WF)
011-44-207-828-6576 (H)
011-44-207-630-8218 (HF)
Herbert S. Winokur, Jr.
203-861-6600 (W)
203-861-6671 (WF)
203-661-0354 (H)
203-661-1650 (HF) | {
"pile_set_name": "Enron Emails"
} |
During the course of their investigation, Special Agents from the Federal Bureau of Investigation will be taking documents they believe may be important for their investigation from employees' offices. The FBI has agreed to return copies of such documents.
In addition, should you have an immediate need for a document requested by the FBI, please make a copy of the specific document and give the original to the FBI. Thank you for your cooperation. | {
"pile_set_name": "Enron Emails"
} |
Sara I agree that the confirmation should be in a form that is acceptable to
ENA. We attempted to put use an ENA confirmation format. I have incorporated
your comments into our latest draft. I did this with some caution as there
appears to be slight differences between it and the draft you sent me. I
suggest if you find our section 2 satisfactory then you lift it and place it
in your standard confirmation. On the issues you raised.
1 October is correct as the termination date as time is measured from 9am
each day. Hence 30 September finishes at 8:59am on 1 October
The Payment Date should be at least 20 Business Days after the BoM readings
to determine the Floating Amount. An alternative wording could be "the
earlier of the [specified date] or 20 Business Days after...."
The "Strike Amount Differential" and "Payment Amount" could be worded
alternatively as in the pro forma ENA confirmation attached.
Would you forward your final wording.
David Minns
04/27/2000 09:23 AM
To: Sara Shackleton/HOU/ECT@ECT
cc: Raymond Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: HDD Swap between ENA and Aquila Risk Management Corporation
Thanks for that Shari. I have your fax. I will respond today
Sara Shackleton@ECT
04/27/2000 08:54 AM
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: HDD Swap between ENA and Aquila Risk Management Corporation
Hi, David! Hope all is well. Since the referenced swap has been documented
by ENA, I am now reviewing the Transaction. I have a number of questions,
many the result of my unfamiliarity with your Australian Reference/Fallback
weather stations and a few other comments. I thought I would mark this up
and fax it to you which I will do shortly. Sara | {
"pile_set_name": "Enron Emails"
} |
Jeff, Dan,
Can either of you please review the attached guaranty format from Alberta
Energy Company to cover their US entity and provide your comments.
Thank you,
Russell | {
"pile_set_name": "Enron Emails"
} |
Cinergy going into
summer long
on power
Cinergy CEO Jim Rogers told Restructuring Today in a three-part
interview that this summer prices will be low and electric supplies
plentiful.
Is it the result of the June 1998 price spike that rose to $7,500?
Did the high price lure in generation that's now providing ECAR
consumers with economical prices at a time when the West Coast is being
punished for not doing the same?
"The short answer is yes," Rogers replied.
ECAR is getting 4,000 mw more capacity this summer, he added.
Rogers thinks the Ohio market will be slow to open and may not get
robust for five years. He was critical of other IOUs that are dragging
their feet in RTO formation.
We'd love to send you the Rogers interview and others we've
published recently:
Walter Higgins, Sierra Nevada; Corbin McNeill from PECO Energy;
Marce Fuller of Mirant; Erle Nye of TXU, the incoming EEI chairman -- to
name just a few.
If you'd like to see these in-depth interviews reply via email and
I'll send them to you free of charge.
Don't miss another vital issue! Subscribe today and start benefiting
from Restructuring Today's special, unique focus on the converging
energy and communications industries, especially retail markets. Fax
the attached order form to 202-298-8210 you won't miss another vital
issue.
Thank you,
Season Hawksley
US Publishing
800-486-8201
- orderform.pdf | {
"pile_set_name": "Enron Emails"
} |
both - since they are right next to each other
"K. Bass" <[email protected]> on 02/01/2001 12:03:55 PM
Please respond to "K. Bass" <[email protected]>
To: [email protected]
cc:
Subject: Re: Mandell
do you want to see one or two? LU-M
----- Original Message -----
From: <[email protected]>
To: "K. Bass" <[email protected]>
Sent: Thursday, February 01, 2001 9:48 AM
Subject: Re: Mandell
>
> there are probably 8-10 on the street. I would like to see all of them,
> but i can't afford the $380k one.
>
> can you see about tomorrow?
>
> thanks
>
> e
>
>
>
>
> "K. Bass" <[email protected]> on 02/01/2001 09:26:13 AM
>
> Please respond to "K. Bass" <[email protected]>
>
> To: [email protected]
> cc:
> Subject: Re: Mandell
>
>
> Hi Eric,
>
> 2405 Mandell looks really good. HCAD app. $267500.
> 2401 Mandell sold on 8/29/00 for $279900 in 6 days. These are Silvestri
> townhomes which I think are a cut above Perry. HCAD for 2402 (Perry) is
> $271800, not much less than asking price. This is a patio home. How many
> townhomes/patio homes would you estimate are on the street? Do you want
to
> try to see 2405 also? LU-M
> ----- Original Message -----
> From: <[email protected]>
> To: <[email protected]>
> Sent: Thursday, February 01, 2001 7:51 AM
> Subject: Mandell
>
>
> > these two are right across the street
> >
> > http://www.har.com/search/condo/indexdetail.cfm?mlnum=526225
> >
> > http://www.har.com/search/condo/indexdetail.cfm?mlnum=527102
> >
>
>
>
>
>
>
> | {
"pile_set_name": "Enron Emails"
} |
IntercontinentalExchange
Firm Physical Natural Gas Price Bulletin
For Natural Gas Delivered on Thursday, November 22, 2001 thru Monday, November 26, 2001
(Trade Date of Wednesday, November 21, 2001)
Click here to access index history .
* volume represents sell-side only *
Region Hub High Low Wtd Avg Index Change ($) Vol (mmBtu) Hub Name
LOUISIANA
ANR SE $2.0100 $1.6000 $1.8645 - .7481 1,068,000 American Natural Resources Pipeline Co. - SE Transmission Pool
Columbia Onshore $2.0600 $1.6300 $1.8317 - .6560 1,342,500 Columbia Gulf Transmission Co. - Onshore Pool
Henry Hub $2.2450 $1.6700 $1.9115 - .7065 5,318,000 Henry Hub tailgate - Louisiana
NGPL LA $1.9800 $1.6300 $1.8028 - .7152 935,500 Natural Gas Pipeline Co. of America, Louisiana Pool
Tenn 500L $1.8800 $1.6025 $1.7718 - .7577 603,000 Tennessee Gas Pipeline Co.-Zone L, 500 Leg Pool
Tenn 800L $1.9100 $1.6000 $1.8127 - .6713 775,500 Tennessee Gas Pipeline Co.-Zone L, 800 Leg Pool
TETCO ELA $2.1700 $1.6300 $1.8862 - .7131 610,000 Texas Eastern - East LA
TETCO WLA $2.0000 $1.6100 $1.7888 - .8088 946,000 Texas Eastern - West LA
Transco 65 $2.1100 $1.7200 $1.9390 - .7366 1,040,500 Transco - Station 65
Trunkline ELA $1.9600 $1.6000 $1.8091 - .7390 369,500 Trunkline Gas Company - East Louisiana Pool
TxGas SL $2.1500 $1.6700 $1.8971 - .7273 993,000 Texas Gas Transmission Corp.-Zone SL FT Pool
MIDCONTINENT
MichCon, citygate $2.2500 $2.0000 $2.1075 - .6977 977,000 Michigan Consolidated
NGPL Midcont $1.8400 $1.5800 $1.7032 - .7773 764,500 Natural Gas Pipeline Co. of America, Mid-Continent Pool
NGPL Nicor, citygate $2.1650 $1.7475 $1.8816 - .7266 2,890,000 Natural Gas Pipeline Co. of America, Nicor Citygate
NGPL NIPSCO, citygate $2.0850 $1.7900 $1.8770 - .8610 450,000 Natural Gas Pipeline Co. of America, Nipsco Citygate
NNG Demarcation $1.9700 $1.6700 $1.7476 - .7355 907,500 Northern Natural Gas, Demarcation Pool
NORTHEAST
Columbia TCO $2.1000 $1.6800 $1.9483 - .7804 772,500 Columbia Gas Co. - TCO Pool
Dominion So.Point $2.3800 $1.8400 $2.1367 - .7606 997,000 Dominion - South Point
TETCO M3 $2.3100 $1.9200 $2.1651 - .8869 831,500 Texas Eastern - M3 Zone
Transco Z-6 (NY) $2.4700 $2.1500 $2.3261 - .9184 725,500 Transcontinental Gas Pipe Line Corp. - Zone 6 (NY)
WEST
El Paso non-Bondad $1.6500 $1.3200 $1.4438 - .9084 1,081,500 El Paso - San Juan Basin, Blanco Pool
Huntingdon/Sumas $1.9000 $1.5000 $1.6757 - .7201 732,000 Westcoast Energy & Northwest Pipeline Corp.
Opal $1.6300 $1.3200 $1.4566 - .7948 1,024,000 Opal
PG?Citygate $1.8500 $1.6000 $1.7012 - .8513 980,000 PG?- Citygate
SoCal Border $1.8200 $1.4500 $1.5886 - .9707 1,145,000 Southern California Border Points (Ehrenberg,Topock,Needles)
WEST TEXAS
El Paso - Keystone $1.8500 $1.4500 $1.5963 - .8563 2,508,500 El Paso - Keystone Pool
Waha $1.9000 $1.5500 $1.6598 - .8520 1,445,000 Waha Hub - West Texas
Includes all firm physical fixed price trades done from 7 AM to 11:30 AM Central Prevailing Time on the trade date specified for natural gas delivered on the specified date(s).
IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals. Active markets include North American power and natural gas, global crude and refined oil products, and precious metals. Traded instruments include forwards, swaps, and options.
In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange. Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.
This data is provided to you free of charge. IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all.
You agree that IntercontinentalExchange does not make any representations or warranties, express or implied, with respect to the data.
To become an Exchange Participant or inquire about the indices, please contact [email protected] .
To unsubscribe from this service, click here unsubscribe .
?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved. | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
06:05 PM ---------------------------
Vince J Kaminski
09/01/2000 04:35 PM
To: [email protected]
cc:
Subject: PApers | {
"pile_set_name": "Enron Emails"
} |
I reviewed the ECAR filing. ECAR is requiring Enron to agree to use it as an
ECAR control area. I generally think it is a good filing and of importance
because it is one of the first times that any reliability requirement of a
region has been filed at FERC (ECAR asks FERC to balance commercial needs,
reliability, equity, legal and policy objectives). The compensation between
ECAR control areas is meant to discourage Cinergy-type stealing from the
grid. It is mandatory for ECAR and ECAR invites other regions to
participate.
Inadvertant interchange (II) will be calculated over one hour. The NERC
performance subcomm. will balance the II to establish long and short
parties. Based on a proportional allocation, the short party will pay the
long party its top incremental cost (highest purchase price or generation
price for power) + 10% penalty. A $15/MW offset is used as the price of
power repaid in kind to the interconnected system based on existing NERC
settlement procedures. Price information is confidential.
The ECAR dispute resolution procedure is applicable (binding ADR is
voluntary). Parties retain the right to go directly to FERC.
Lloyd -- Are you OK with the specifics?
I do not see any reason to protest this. EPSA wants to use the $15 offset to
show what may be reasonable for generator interconnects and I am discussing
it with EPSA. We should file a routine intervention (to obtain pleadings,
orders, etc.) Interventions are due Friday, May 5.
Anyone disagree?
Dave Mangskau@ENRON
04/20/2000 04:58 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc: Charles Yeung/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT, Patrick
Hanse/HOU/ECT@ECT, Bill Rust/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Richard
Ingersoll/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON
Subject: Re: ECAR filing
Christi:
for your info if you plan to file in support of this ECAR action, as Enron's
rep to ECAR I discussed this internally and have been supportive of a final
product that includes sanctions. Enron is not a voting member nor were we
given an opportunity to make changes to the final document that went out for
ballot..........but it was similar to what was discussed in recent ECAR
meetings and was finalized after ECAR reps met with FERC staff to meet FERC
concerns.
In addition, several weeks ago I presented the ECAR concept to the MAPP
Executive Committee and after discussion MAPP passed a resolution of support
for what ECAR was trying to accomplish to improve reliability. In order to
make a payment sanction for inadvertent really work, it should be approved by
an entire interconnection. ECAR officials are expecting approval very
quickly so that sanctions are in place this summer to help support
reliability.
If Enron has changed its position, and we plan to oppose this action, lets
discuss the ramifications including putting at risk the expected Executive
Board action on May 1 to ratify CRC and OP & L recommendations to grant
conditional certification of our two control areas in
ECAR. thanx
From: Christi L Nicolay @ ECT 04/20/2000 11:17 AM
To: Charles Yeung/HOU/ECT@ECT, Dave Mangskau/Corp/Enron@Enron, Greg
Woulfe/HOU/ECT@ECT, Patrick Hanse/HOU/ECT@ECT, Bill Rust/HOU/ECT@ECT, Lloyd
Will/HOU/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT
cc: Joe Hartsoe/Corp/Enron@Enron, Charles Yeung/HOU/ECT@ECT
Subject: ECAR filing
ECAR actually filed this at FERC already this week. I am getting a copy of
the filing. We will have an opportunity to respond to it at FERC.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 04/20/2000
11:15 AM ---------------------------
"Nancy Pickover" <[email protected]> on 04/20/2000 10:14:08 AM
To: <[email protected]>, <[email protected]>
cc:
Subject: ECAR filing
** PRIVATE **
ECAR has filed a Section 205 request for Commission approval of an
"Inadvertent Settlement Tariff." The Tariff is intended to obligate each
Party to make payment and to entitle each Party to receive compensation for
Inadvertent Interchange from each other Party pursuant to ECAR's Inadvertent
Settlement Procedure. Parties to the settlement include Allegheny Power
(Monongahela Power Company, The Potomac Edison Company, and West Penn Power
Company), American Electric Power Co., Big Rivers Electric Corp., Cinergy
Corp., Consumers Energy Co., The Dayton Power and Light Co., The Detroit
Edison Co., Duquesne Light Co., East Kentucky Power Cooperative, Inc.,
FirstEnergy Corp., Hoosier Energy REC, Indianapolis Power and Light Co., LG&E
Energy Corp., Northern Indiana Public Service Co., Ohio Valley Electric
Corp., and Southern Indiana Gas and Electric Co.
I will let you know when this gets noticed. | {
"pile_set_name": "Enron Emails"
} |
------------------------------------------------------------------------------
------------------------
W E E K E N D S Y S T E M S A V A I L A B I L I T Y
F O R
February 2, 2001 5:00pm through February 5, 2001 12:00am
------------------------------------------------------------------------------
------------------------
SCHEDULED SYSTEM OUTAGES: ENA
ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
AZURIX: No Scheduled Outages.
EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
EDI SERVER: No Scheduled Outages.
ENRON NORTH AMERICAN LANS: ALSO SEE ORIGINAL REPORT
Impact: CORP
Time: Fri 2/2/2001 at 11:00:00 PM CT thru Sat 2/3/2001 at 12:00:00 AM CT
Fri 2/2/2001 at 9:00:00 PM PT thru Fri 2/2/2001 at 10:00:00 PM PT
Sat 2/3/2001 at 5:00:00 AM London thru Sat 2/3/2001 at 6:00:00 AM London
Outage: Fiber Card Replacement in ENA-CX11
Environments Impacted: All
Purpose: Card Failed recently and caused multiple network outages -
Rescheduled for Friday night, due to late notice of Thursday change
Backout:
Contact(s): Steve Hardy 713-853-9294 713-415-0672
FIELD SERVICES: No Scheduled Outages.
INTERNET: EOL ALSO SEE ORIGINAL REPORT
Impact: EOL
Time: Fri 2/2/2001 at 5:15:00 PM CT thru Fri 2/2/2001 at 8:00:00 PM CT
Fri 2/2/2001 at 3:15:00 PM PT thru Fri 2/2/2001 at 6:00:00 PM PT
Fri 2/2/2001 at 11:15:00 PM London thru Sat 2/3/2001 at 2:00:00 AM London
Outage: EOL Power issue
Environments Impacted: EOL
Purpose: Power Redundancy for EOL
Backout:
Contact(s): Mai Nguyen 713-345-4022
MESSAGING: No Scheduled Outages.
MARKET DATA: SEE ORIGINAL REPORT
NT: No Scheduled Outages.
OS/2: No Scheduled Outages.
OTHER SYSTEMS: SEE ORIGINAL REPORT
SITARA:
Impact: Sitara
Time: Sat 2/3/2001 at 5:00:00 PM CT thru Sun 2/4/2001 at 5:00:00 PM CT
Sat 2/3/2001 at 3:00:00 PM PT thru Sun 2/4/2001 at 3:00:00 PM PT
Sat 2/3/2001 at 11:00:00 PM London thru Sun 2/4/2001 at 11:00:00 PM London
Outage: Sitara
Environments Impacted: Sitara Users
Purpose: Change East Desk to Multiple Subdesks
Backout: Restore from database
Contact(s): sitaraoncall 713-288-0101
SUN/OSS SYSTEM: No Scheduled Outages.
TELEPHONY: No Scheduled Outages
TERMINAL SERVER: No Scheduled Outages.
UNIFY: No Scheduled Outages.
SCHEDULED SYSTEM OUTAGES: ESA
SEE ORIGINAL REPORT
------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE
(713) 853-1411 Enron Resolution Center
(713) 853-5536 Information Risk Management
Specific Help:
Unify On-Call (713) 284-3757 [Pager]
Sitara On-Call (713) 288-0101 [Pager]
RUS/GOPS/GeoTools/APRS (713) 639-9726 [Pager]
OSS/UA4/TARP (713) 285-3165 [Pager]
CPR (713) 284-4175 [Pager]
EDI Support (713) 327-3893 [Pager]
EES Help Desk (713)853-1741 OR (888)853-9797 | {
"pile_set_name": "Enron Emails"
} |
Give me a call when you get in.
Kevin | {
"pile_set_name": "Enron Emails"
} |
Notice # 01-182
May 30, 2001
TO:
ALL NYMEX/COMEX DIVISION MEMBERS
ALL NYMEX/COMEX DIVISION MEMBER FIRMS
ALL NYMEX/COMEX DIVISION CLEARING FIRMS
ALL NYMEX/COMEX DIVISION OPERATION MANAGERS
FROM:
George Henderson, Vice President
Michael Campanelli, Vice President
RE:
June ATOM Processing Schedule
DATE BUSINESS DAY EVENT
6/1 1 Preliminary ATOM reports and Give upListings.
6/5 3 Last day for adjustments.
6/6 4 Final ATOM reports.
6/7 5 CMs debited for brokerage.
6/11 7 NYMEX gets confirmation of available Funds in escrow account
and initiates Transfer to Brokers.
6/12 8 Funds are deposited to broker Accounts.
6/13 9 Brokers who check their morning Balances will see the ATOM
deposits Reflected in their bank balances.
NOTE:
Broker enrollments for July cycle must be received by the Membership
Department
No later than 10:00 A.M., on June 28, 2001.
If you have any questions regarding NYMEX, please contact Juan Serrano or
Gerard Taibi at (212) 299-2626.
If you have any questions regarding COMEX, please contact David Sherman at
(212) 299-2061.
__________________________________________________
Please click on the link below to indicate you have received this
email.
"http://208.206.41.61/email/[email protected]&refdo
c=(01-182)"
Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return. | {
"pile_set_name": "Enron Emails"
} |
Summary Risk Data as of 21Dec2001 Previous
Active Financial Deals 71 71
Active Physical Positions 40 40
P&L Daily ($thousands) 47.0 0.5
VaR ($thousands) 1,611.4* 1,533.8*
ETS Margin Account Deals 0 0
*The VaR continues to be over the ETS VaR limit of $1,000,000.
Company MTM by Counter Party Asset Liability Net 21Dec01 Previous Change
NNG EL Paso Energy Marketing 17,814.4 (20,111.0) (2,296.6) (2,294.5) (2.1)
NNG Reliant Energy Services 76.5 - 76.5 76.5 -
NNG TransCanada Energy 22,482.7 (21,862.1) 620.6 620.3 0.3
NNG Grand Total 40,373.6 (41,973.1) (1,599.5) (1,597.7) (1.8)
The terminated contracts with RMTC are now fixed receivables as of the early termination date of December 14, 2001 except for interest. NNG is owed $4.8mm and TW is owed $33.9mm. Amounts are past due.
Definitions:
Physical deals modeled in the Caminus Zainet system are deals which have some form of price risk, (i.e. Index to index deals, and anticipated fuel sales) This does not include standard transport and storage agreements or unhedged natural positions.
P&L Daily: Daily change in the mark-to-market (MTM) valuation of all deals being tracked in the Caminus Zainet system. This includes the origination and changes in value for both the physical and financial sides of hedges, along with any speculative trades and floating unhedged physical positions.
VaR is "Value at Risk": Enron Corp policy defines this as the maximum expected one day loss on the portfolio given a 95% statistical confidence interval. This number is currently calculated on the Caminus system using a variance covariance methodology, rather than a Monte Carlo simulation per the Enron Corp policy. | {
"pile_set_name": "Enron Emails"
} |
Ami,,,,
I'm reflecting 250.000/ ENRON and 533.750/ HPL IFERC
Do you agree?
Thanks!
Tim | {
"pile_set_name": "Enron Emails"
} |
here are the settles. Have a great weekend. Thanks.
John | {
"pile_set_name": "Enron Emails"
} |
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[IMAGE] [IMAGE] [IMAGE] [IMAGE] Politics this week
June 7th 2001
From The Economist print edition
Ceasefire at last?
AP
AP
A Palestinian suicide-bomber killed 20 Israeli youngsters at a Tel Aviv
discotheque. Israel held back from massive retaliation after Yasser Arafat
committed his forces to an unconditional ceasefire. George Tenet, the CIA,s
director, arrived to help promote this tentative pause in the violence, but a
Hamas spokesman denied that there was a ceasefire.
See article: A fragile Israeli-Palestinian ceasefire [IMAGE]
The king of Nepal and nine other members of the royal family were shot dead,
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See article: After the palace massacre in Nepal
Makiko Tanaka, Japan,s outspoken foreign minister, embarrassed her government
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Voters decide
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See article: Labour's second term
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Alejandro Toledo, an economist of Andean Indian descent, was elected
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See article: The tasks awaiting Alejandro Toledo [IMAGE]
Ireland held a referendum on the European Union,s Nice treaty, with the
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Silvio Berlusconi was formally invited by Italy,s president to form its new
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In the unrecognised but rather successful state of Somaliland, a huge
majority voted in favour of independence from the rest of Somalia.
James Hahn, the city attorney, won a run-off to become the new mayor of Los
Angeles, beating his fellow Democrat, Antonio Villaraigosa, who had hoped to
be the city,s first Latino mayor since 1872.
See article: A new mayor for Los Angeles
Haiti,s president, Jean-Bertrand Aristide, agreed to hold new parliamentary
elections. In return, the Organisation of American States said it would help
Haiti obtain $500m of suspended aid.
Democrats officially took control of the United States Senate for the first
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War and peace
Fighting continued in Bangui, the capital of the Central African Republic,
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See article: The Central African Republic erupts
In Colombia, the FARC guerrillas and the government began an exchange of sick
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See article: A modest peace deal in Colombia [IMAGE]
Prime Minister Ljubco Georgievski again threatened to declare a formal state
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Visiting Europe, America,s defence secretary, Donald Rumsfeld, reassured NATO
allies that no hasty reduction of American forces was planned in the Balkans.
President Bush said that America would reopen talks with North Korea, broken
off three months ago, to discuss missiles, nuclear concerns and conventional
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Nine of the 20 hostages held by Muslim rebels in the Philippines escaped
after fighting between their Abu Sayyaf captors and Philippine troops.
Chenjerai Hunzvi, the leader of Zimbabwe,s &war veterans8, died of malaria.
Calling himself Hitler, he had led violent attacks on Robert Mugabe,s
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declared him a national hero.
Legal matters
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AP
France,s prime minister, Lionel Jospin, admitted that he had belonged to a
Trotskyite organisation*a fact he had previously denied.
See article: France's prime minister has a past [IMAGE]
President Vojislav Kostunica of Yugoslavia appealed to his allies in a
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See article: Serbia and Slobodan Milosevic's fate [IMAGE]
An American federal judge ruled that the execution to Timothy McVeigh, the
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[IMAGE] | {
"pile_set_name": "Enron Emails"
} |
Sorry, I should have included you on copy list.
Regards, Bruce
---------------------- Forwarded by Bruce Harris/NA/Enron on 12/13/2000 09:23
AM ---------------------------
Bruce Harris
12/13/2000 09:29 AM
To: Sheila Glover/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Robert H
George/NA/Enron@Enron, Donna Lowry/HOU/ECT@ECT
cc: Bruce Harris/NA/Enron@Enron
Subject: Re: Next steps with Copel shares
Ok.
FYI--we are still having discussions as to what exactly we are going to do
with the shares now that they are directly held in the Corp. vault by Enron
Brazil Power Holding XII. I suspect that what we will do will be to just
keep all the shares in XII and put them into the brokerage account, with some
sales occurring over time going forward. If this plan is agreed to, then
early next week we can call BONY together with Morgan Stanley (our prime
broker?) and work out a streamlined settlement procedure so that MS is
assured that shares will be delivered.
Regards, Bruce
To: Bruce Harris/NA/Enron@Enron
cc:
Subject: Re: Next steps with Copel shares
Bruce,
Please add theresa brogan to the distribution list. Theresa manages the
Equity Trading Group.
Thanks, Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 12/13/2000 09:13
AM ---------------------------
Lynn Aven@ENRON
12/12/2000 10:04 AM
To: Bruce Harris/NA/Enron@Enron
cc: Robert H George/NA/Enron@Enron, Kay Young/HOU/ECT@ECT, Dan
Boyle/Corp/Enron@Enron, Joe Kishkill/SA/Enron@Enron, Kent
Castleman/NA/Enron@Enron, Bruce Harris/NA/Enron@Enron, Sheila
Glover/HOU/ECT@ECT, Edward E Graham/SA/Enron@Enron, Rick
Hopkinson/NA/Enron@Enron, Jeffrey E
Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Next steps with Copel shares
Bruce Harris:
We do not need to set up a new Cayman entity to transfer the two certificates
for 1.25M to. We achieve no US tax benefit for transferring or holding the
shares in a Cayman entity.
I propose that EBPH XII obtain the two certificates and then distribute those
certificates to Enron South America LLC, the sole shareholder of EBPH XII.
The value of the certificates at the date of transfer will determine the US
tax treatment. Given the liquidity discount surrounding the stock, using
the screen price on the date of the transaction is probably not a good
indicator of the fair market value. For tax purposes, we will assume the
value to be the historical cost basis since recent trades have been in a
narrow band on either side of that value. If the first 1.25M certificate
is sold shortly after the transfer to Enron South America LLC, we will need
to adjust the transfer price since the sales price to a third party will be a
valid indicator of what the fair market value was on the date of the
distribution..
If the ultimate transfer price is higher than the tax basis, EBPHXII will
recognize taxable income and pay US tax on the gain in the year the
distribution was made to Enron South America LLC. This would result in
reporting a tax expense in 2000 and perhaps book income in 2001 if that sale
takes place after the end of the year.
If the value on the date of the transfer is ultimately determined to be less
than the historical tax basis, the distribution to Enron South America LLC
will result in there being unrecovered basis in EBPH XII.
If the shares are sold by EBPH XII to affiliated Cayman companies, the same
valuation issues exist with the same potential for recognition of US gain on
the sale from EBPH XII to an affiliated. Distributing the shares to Enron
South America LLC will be much easier.
Lynn
Bruce Harris
12/08/2000 11:31 AM
To: Robert H George/NA/Enron@Enron, Kay Young/HOU/ECT@ECT
cc: Dan Boyle/Corp/Enron@Enron, Lynn Aven/NA/Enron@Enron, Joe
Kishkill/SA/Enron@Enron, Kent Castleman/NA/Enron@Enron, Bruce
Harris/NA/Enron@Enron, Sheila Glover/HOU/ECT@ECT, Edward E
Graham/SA/Enron@Enron, Rick Hopkinson/NA/Enron@Enron, Jeffrey E
Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Next steps with Copel shares
Robert and Kay, thanks for all your work on getting the shares moved out of
Brazil and into the parent CayCos. I understand that by sometime early next
week the physical ADR certificates will be returned by BONY to the Enron
vault.
Here is what we now need to do:
1. We are going to need to send one certificate back to BONY and split it
into three new certificates. Two certificates will be for approximately
1.25M shares each, the balance for about 5M shares.
2. We need to form a new CayCo and sell or otherwise transfer (capital
split?) the two 1.25M tranches to this NewCo. This needs to happen next week.
3. Pending Dan Boyle's structuring efforts and an affirmative Corp. decision
(supervised by Joe Kishkill), the two existing CayCos which now own the Copel
shares will be sold into Whitewing Fund. That means about 12.5M shares will
go to Whitewing and the certificates will remain in the vault. This would
happen last week of the year--if it happens (there are actually about
15,443,000 total ADRs--I am approximating in this email).
4. The NewCo shares will remain outside this structure entirely. We will need
to put one tranche of 1.25M into a brokerage account--Sheila at this point we
will bring you in for assistance (again, hopefully next week).
5. Robert--we need to work out soon with Sheila, Skadden,and BONY to
establish an efficient mechanism to convert the full 1.25M share certificate
to unrestricted ADRs absent and prior an immediate buyer(s)--or we need to
figure out foolproof mechanics for constantly reissuing new certificates for
every small sale. We will then be looking for effective points to sell these
1.25M shares--and again, Joe Kishkill will provide price/volume targets
(execution via Gary Hickerson's group who has not yet been informed). In 3
months time, we will repeat the process for the other 1.25M tranche.
Robert--please call me so we can determine: (a) how to set up NewCo/transfer
shares, and (b) how to work the 1.25M "unrestriction" with BONY and Skadden.
Regards, Bruce
713-853-0950 | {
"pile_set_name": "Enron Emails"
} |
The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete. Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein. Any
opinions expressed herein are solely those of the author. As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates. , 2001 Carr Futures
The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.
Crude http://www.carrfut.com/research/Energy1/crude50.pdf
Natural Gas http://www.carrfut.com/research/Energy1/ngas50.pdf
Distillate http://www.carrfut.com/research/Energy1/hoil50.pdf
Unleaded http://www.carrfut.com/research/Energy1/unlded50.pdf
Brent Crude http://www.carrfut.com/research/Energy1/brent50.pdf
Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG50.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG50.pdf
Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL50.pdf
Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606 USA
Tel: 312-368-6149
Fax: 312-368-2281
[email protected]
http://www.carrfut.com | {
"pile_set_name": "Enron Emails"
} |
yes, thanks. Sara
Mark Taylor
09/11/2000 09:55 AM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Osprey II - Enron Agreement
Is this something you are working on?
----- Forwarded by Mark Taylor/HOU/ECT on 09/11/2000 09:55 AM -----
Julia H Chin@ENRON
09/11/2000 08:16 AM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Osprey II - Enron Agreement
hi mark -- this is a currency swap agreement for the pending condor follow-on
offering. could you have some one from your group take a look of this
agreement? we are printing the preliminary offering memo this friday and the
deal closes toward the end of this month.
thanks.
---------------------- Forwarded by Julia H Chin/NA/Enron on 09/11/2000 08:09
AM ---------------------------
[email protected] on 09/09/2000 01:21:13 AM
To: [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected]
cc: [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected]
Subject: Osprey II - Enron Agreement
Attached, please find a draft of the Enron Agreement for the Osprey II
transaction.? Please be advised that this draft is simultaneously being
distributed to our clients and therefore, remains subject to their review and
comments.
Please do not hesitate to contact me if you have any questions or comments.
Best regards,
Joy K. Gallup
<<Enron Agreement.doc>>
This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.
- Enron Agreement.doc | {
"pile_set_name": "Enron Emails"
} |
Can you send me a copy of a professional service agreement? I need to
prepare one. | {
"pile_set_name": "Enron Emails"
} |
Attached is a Petition to Modify Decision 99-06-058, filed jointly by the
three UDCs. In the petition the UDCs request that the Commission modify the
provision in the decision which calls for a monthly audit of the PX credit
to pnly require such audit for the months of 2000, and then terminate the
audit requirement. Attached to the petition are affidavits of the three ESP
members of the PX Credit Audit Selection Committee (AES New Energy, APS
Energy Services, and Seattle City Light) supporting the petition.
The UDCs have requested responses to the Petition by August 3rd, with a
Commission vote by the end of August.
Jeanne Bennett
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Tuesday, July 10, 2001 4:39 PM
To: [email protected]; [email protected]; [email protected];
douglass%[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; btenney%[email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; jdh%[email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]
Subject: A.98-07-026 et al. - Joint Petition of SCE, PG&E, and SDG&E
To all parties on the e-mail service lists for A.98-07-026 et al. and
A.99-08-022 et al.:
The attached Joint Petition of SCE, PG&E and SDG&E to Modify D.99-06-058
was filed today, July 10, 2001. Copies are also being served by U. S. mail
on all Parties of Record.
(See attached file: 7-10-01 RAP Joint Petition.PDF)
Information in the headers for this message suggest that it
may be spoofed and that its authenticity should be verified.
- 7-10-01 RAP Joint Petition.PDF | {
"pile_set_name": "Enron Emails"
} |
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After talking to both Vance Taylor and Julie Meyers, only 5 of the 13 deals
are committed reserve deals. If they are not committed reserve they're not
in the IM wellhead portfolio. The plan if everyone agrees, is to go ahead
and move the 5 and re-path to them to the gathering and leave the other 13
on the 215 contract. Here is a list of the ones to move and leave.
Move to IM Wellhead re-path gathering
984056 #94120 Cologne Production Company
986480 #114514 Cokinos Natural Gas Company
986534 already repathed
986614 #130917 Prize Energy Resorces LP
986855 #94120 Cologne Production Company
Stay on HPLC and 215 contract
986347 #234218 Duke Energy Trading
986751 #229726 Conerstone Gas Gathering CO. Inc.
986888 #126166 Amoco Trading Comp.
#95610 Amoco Trading Comp.
986899 #104382 Highland Energy Company
989602 #229316 Wagner & Brown Ltd
989603 #229467 Vintage Gas Inc.
989676 #151669 Cokinos Natural Gas Company
989711 #229316 Wagner & Brown Ltd. | {
"pile_set_name": "Enron Emails"
} |
Please follow up directly with the referenced developers...........
---------------------- Forwarded by Thomas M Suffield/Corp/Enron on
02/23/2000 08:58 AM ---------------------------
Richard Park@ENRON_DEVELOPMENT
02/22/2000 06:48 PM
To: Thomas M Suffield/Corp/Enron@ENRON
cc:
Subject: Summary of meeting w/ Don Miller
Subject: Progress on projects
Attendance Don Miller
Scott Healy (phone)
Don Black
Tom Swank
Mike Miller/Ben Jacoby (left in middle)
TECO (Don) Revenue potential in $18-20 MM with cost at $16-20 MM
Model/Algorithm in place with sensitivities next week
Need data point for credit analysis
ABM AMRO ?? financial advisor
Insurance Angle ??
Need support from CTG for modeling and contract negotiations: Ben R.and
Jinsung
UAE (Tom) $120 MM for 5 turbines
Enron price: 13.5 base; 13.95 w/ Sprint enhancement
S&S (market): 14.1; 14.6
Straight turbine sell-down but contrary to Enron strategy
Issues between: Drywell/ DLE/water injection
UAE will go forward w/ or w/o Enron-Ben Rogers
Scott: Need bid number from desk for PJM
Restructuring effort (TBG) John House and Chad L.
Don: Finding strategic partner for IPO spin-off of generation assets
Candidates: Orion, NRG, Mission, Sithe, Cogentrix, Panda, and other smaller
players
50,000-foot level discussion-Ben T, Clement Lau
Some of the part was too mundane to be captured as discussion points! Please
forward to the right people.
Regards,
Rich | {
"pile_set_name": "Enron Emails"
} |
There have been many occasions where individuals have not saved the model at
the end of the day. This means that the last one...two...FIVE hours are not
updated. I then have to go back and enter the data off the historical
scrapes as well as the actual econ deals themselves. You can imagine how
frustrating this is for me...... It's VERY EASY to save the model and time
consuming to update it all after the fact. Besides annoying me, it also
looks bad to EPE when they get a model that is wrong. Do not forget to
save!!!!!! It is completely sloppy and totally unacceptable. Save and save
often.......
Jesse | {
"pile_set_name": "Enron Emails"
} |
In an effort to streamline the corporate center and in recognition of the
growing capabilities of Enron,s regional Wholesale Business, Global Asset
Operations will be reorganized effective 1 May 2000. Our current Global
Asset Operations functions will be decentralized and become a business unit
responsibility.
Enron will continue to operate all of its facilities under standardized
guidelines and procedures and compliance will be monitored through a formal
audit program as in the past. However, our Wholesale Business Units will
assume responsibility for operation and management of their specific power
plants and other assets.
Operational Energy Corporation (OEC) will become the Enron Corp &Center of
Excellence8 for power plant operations. The Gas Pipeline Group is the Center
of Excellence8 for pipeline operations. OEC will reside in Enron North
America. Jim Noles will be in charge of this activity. Mark Dobler will
lead operations; and John Cates will lead the Development Support Activity.
John Cates, organization will continue to provide O&M estimates and due
diligence assistance to business units. John will specifically approve O&M
estimates for corporate risk assessment decisions. Jim Noles and this new
group will report to the Office of the Chairman in Enron North America.
The Quality Management Group (Audit Function) will be assigned to the Gas
Pipeline Group (GPG). Don Hawkins will continue to head Quality Management
and will report to Phil Lowry, Managing Director, Operations, GPG. In
addition to managing the global audit program, Don will continue his
responsibility for standardized policies and procedures, the Crisis
Management Program, ISO 9000 certification, the Positive Impact Program,
operational reporting, and the Asset Operations Website.
The Environmental Health and Safety (EHS) Group led by Henry Van will report
to Mike Terraso, Enron,s Chief Environmental Officer reporting to Steve
Kean. As in the past, Henry,s Group will continue to provide environmental
and safety support to the regional business units.
Enron,s Wholesale Business Unit,s can now choose from a variety of services
provided by OEC. These include full turnkey O&M services, O&M estimates, due
diligence, and technical support for planned and forced outages. Business
units are encouraged to take advantage of these services as they operate and
maintain the power plants in their businesses.
Kurt Huneke will help transition the Asset Operations activity as discussed
herein, while dedicating his full attention to Enron Wind Company as its
Chairman and CEO.
Please join us in wishing these groups success. | {
"pile_set_name": "Enron Emails"
} |
The entity which will enter into the instinet agreement for equities trading
will be ECT Investments Inc. Let me know if you need further information -
regards Janine
---------------------- Forwarded by Janine Juggins/LON/ECT on 19/09/2000
18:50 ---------------------------
From: Sheila Glover 19/09/2000 18:43
To: Mahesh Lakhani/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT, John
Greene/LON/ECT@ECT
cc: Gary Hickerson/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT
Subject: Equities
Mahesh,
This confirms our discussion that the the UK entity will have two separate
service agreements. One with ENA for Prop Debt Trading and one with ECT
Investments Inc for Equities Trading.
In London, we can book directly into the underlying entity, e.g.
Energy-London Book, At the end of the month, we will record income based
upon activity to the Arranger, New UK entity, and record the offsetting
expense to the Serviced book (Energy London).
Many thanks.
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 09/19/2000 12:36
PM ---------------------------
From: Mahesh Lakhani on 09/19/2000 02:24 PM GDT
To: John Greene/LON/ECT@ECT, Sheila Glover/HOU/ECT@ECT
cc:
Subject: Equities
I have a quick question - Would the pricipal for the bonds/Equities business
done from London be ENA or ECT Investments Inc. I recall from our meeting
that it was ECT due to the regulatory environment - can you please confirm
Thanks
Mahesh | {
"pile_set_name": "Enron Emails"
} |
Alexis,
I think I'm going to the cookoff, so I'm will have to decline. Sorry.
Mat | {
"pile_set_name": "Enron Emails"
} |
Pursuant to your request, attached please find a clean copy of the
most recent draft of the LV Cogen Turbine Agreement (second document
below), as well as a blackline (first document below) showing changes to
the draft circulated on April 24. This version contains Lisa and
Roseann's comments (but for changes to Purchase Amount, Maximum
Liability Amount, etc.) as well as your comment to allocate the payments
among the 4 Units equally. I have not received confirmation as to
whether the April 21 payment was ever made. I have therefore left it in
bold. If it has, we can amend the table and reduce the Purchase Amount
accordingly. In addition, I have assumed that if there is a Change
Order applicable to less than all 4 Units, that the Change Order would
specify how future payments are to be allocated. To complete the
agreement, we will need to insert the date of execution and Exhibit H-2.
I have not distributed this to anyone else. I would be happy to
do so if you desire.
<<Compariosn of GE Turbine Agreement, Versions 5 to 6.DOC>> <<LV Cogen
Gas Turbine Agreement - Version 6.DOC>>
- Compariosn of GE Turbine Agreement, Versions 5 to 6.DOC
- LV Cogen Gas Turbine Agreement - Version 6.DOC | {
"pile_set_name": "Enron Emails"
} |
Below is an outline of the materials that each of you are responsible for
developing for Ken's briefing book. Please have the latest draft of
materials to me by Friday at 3:00 pm. I will be giving Steve Kean a draft
briefing book at that time so that he can review it over the weekend. We'll
have feedback to people by Monday morning and can finalize the book by Monday
evening.
Sections by Tab
Most recent update/backgrounder Jeff Dasovich
Legislative Matrix Miyung Buster
Edison Deal Overview Jeff Dasovich
Total Solution Proposal Jim/Robert/Jennifer
Most Recent Polling Data Mark Palmer
Press Responses/Talking Points Mark/Karen/Peggy | {
"pile_set_name": "Enron Emails"
} |
I bet T-bone knows how
-----Original Message-----
From: Lucci, Paul T.
Sent: Monday, October 29, 2001 2:33 PM
To: Bump, Dan J.
Subject: RE: HALLOWEEN COSTUME
We can't open this!
-----Original Message-----
From: Bump, Dan J.
Sent: Monday, October 29, 2001 11:45 AM
To: '"Bump, David" <[email protected]>@ENRON'
Cc: Whitt, Mark; Lucci, Paul T.; '[email protected]'
Subject: RE: HALLOWEEN COSTUME
Nice!!!!!!!!!
-----Original Message-----
From: "Bump, David" <[email protected]>@ENRON
Sent: Monday, October 29, 2001 10:19 AM
To: '[email protected]'; '[email protected]'; 'D-ROCK'; 'Ginnie & Cody'; 'Richard & Janet'
Subject: FW: HALLOWEEN COSTUME
.
-----Original Message-----
From: Shanks, Earl [mailto:[email protected]]
Sent: Friday, October 26, 2001 8:57 AM
To: 'Bill Mahone'; 'Bob Pauken'; 'Buddy Brooks'; 'David Lewis'; 'Dennis
Marshall'; 'Glen Simons'; 'Graeme Reynolds'; 'Jeff Moss'; 'Joe Clancy'; 'Lee
Gillis'; 'Mike Mehaney'; 'Vic Estes'; 'Tom Ames'
Subject: FW: HALLOWEEN COSTUME
-----Original Message-----
From: Emmett Richardson [mailto:[email protected]]
Sent: Thursday, October 25, 2001 6:36 PM
To: Scott Bay; Ted Dubose; Bob LaCoste; Mike Krenek; Don Langrock; Glen
Lochte; Jim Mc Mahan; Earl Shanks; Ray Pickens; Terry Terrill; Danny Beaver
Subject: HALLOWEEN COSTUME
I found the perfect costume for that upcoming Halloween party!
- besthalloweencostume.jpg << File: besthalloweencostume.jpg >> | {
"pile_set_name": "Enron Emails"
} |
Sara,
Yo, what's up? How are things across the street? Let me guess, you got all
rested up saturday and sunday, then when out three nights already this week,
and now are ready to go home, do laundry and sleep. Unfortunately, I've been
extremely lame, mostly because you got me sick...well maybe not. Anyway, I
haven't been feeling so hot, yet I did oversleep by two hours this morning
which really helped. Poor Ted had to pick the slack. So, any big plans for
the weekend besides laundry? Superbowl? Happy hour? Toilet flushing into
the phone? Stupid drunk?
Mat | {
"pile_set_name": "Enron Emails"
} |
Content-Transfer-Encoding: quoted-printable
Date: Tue, 01 May 2001 13:25:56 -0500
From: "Tracey Bradley" <[email protected]>
To: "Justin Long" <[email protected]>
Cc: "Aryeh Fishman" <[email protected]>, "Andrea Settanni"
<[email protected]>, "Charles Ingebretson"
<[email protected]>, "Charles Shoneman" <[email protected]>,
"Deanna King" <[email protected]>, "Dan Watkiss" <[email protected]>,
"Gene Godley" <[email protected]>, "Kimberly Curry"
<[email protected]>, "Michael Pate" <[email protected]>, "Paul Fox"
<[email protected]>, "Ronald Carroll" <[email protected]>
Subject: Western lawmakers want Bush help with power
Mime-Version: 1.0
Content-Type: text/plain; charset=ISO-8859-1
Content-Disposition: inline
UPDATE 1-Western lawmakers want Bush help with power
------------------------------------------------------------------------------
--
WASHINGTON, April 30 (Reuters) - Thirty-three Democratic U.S. lawmakers from
California, Washington state and Oregon wrote to Energy Secretary Spencer
Abraham on Monday demanding stronger federal action to help western states
suffering from an ongoing electricity shortage crisis.
The lawmakers want a regionwide price cap for wholesale power prices to
prevent hugely inflated prices and rolling blackouts this summer when demand
intensifies due to air conditioning season.
They specifically criticized the Republican-led Federal Energy Regulatory
Commission (FERC) for failing to maintain fair and reasonable rates, allowing
generators to profit from power prices some 10 times historical levels.
"If political leadership were exercised today by the administration and FERC,
California and the Pacific Northwest would already be on their way to ending
the price-gouging," said Rep. Anna Eshoo, a Democrat from California.
FERC last week approved a number of price mitigation measures to tame the
power shortages in California, but remains against a regional price cap.
The stance has drawn the ire of many lawmakers and dissent from FERC
Commissioner William Massey, who says without such caps, the situation will
not get better. Massey is outflanked on the commission by FERC Chairman
Curtis Hebert, a Republican, and Linda Breathitt, a Democrat.
Experts in California estimate power supplies could fall some 5,000 megawatts
short this summer on a daily basis, threatening the return of rolling
blackouts to cut demand.
Eshoo is also the author of legislation to impose cost-of-service based rates
in the Western energy market.
------------------------------------------------------------------------------
--
Copyright , 2001 Reuters Limited. | {
"pile_set_name": "Enron Emails"
} |
The conference call has been canceled.
----- Forwarded by Bernadette Hawkins/Corp/Enron on 02/05/2001 11:33 AM -----
Bernadette Hawkins
02/01/2001 05:53 PM
To: Mary Hain/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@ENRON, Susan J
Mara/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron
cc: Joe Hartsoe/Corp/Enron@ENRON, Lysa Akin/PDX/ECT@ECT, Joseph
Alamo/NA/Enron@Enron, Marcia A Linton/NA/Enron@Enron
Subject: Market Monitoring in California
A conference call has been scheduled for February 5, at 3:00 PM (est), 2:00
PM (cst), 12:00 (pst). To access the call dial: 1-877-233-7845, Host Code:
920637, Participant Code: 493227.
If you have any questions, please call (202) 466-9147.
Thanx | {
"pile_set_name": "Enron Emails"
} |
FYI. I thought you would like to know. Thanks. Lynn
-----Original Message-----
From: Forbish, Sherry
Sent: Thursday, February 21, 2002 5:34 PM
To: Blair, Lynn; Zadow, Raetta; Berger, Larry; Buchanan, John; Kowalke, Terry
Subject: Joe's Grandchild, Ashley
fyi: One of Joe's twin grandchildren (I believe the twins were born around September or October) is currently in the hospital (about the 4th day). Ashley is the baby who has had some breathing difficulty from time to time. She has had a viral infection and due to the shallow breathing, the doctor is keeping her in the hospital. The doctor had said that shallow breathing often progresses into SIDS.
Felt all of you would like to be aware -- presently Joe and Ruby have the other grandchild with them. Will keep you informed but know Joe would appreciate your prayers. | {
"pile_set_name": "Enron Emails"
} |
this friend of Tammi is looking for something -- internship, anything.
got anything?
--beth
-----Original Message-----
From: [email protected] [mailto:[email protected] ]
Sent: Tuesday, May 29, 2001 9:56 AM
To: [email protected]
Subject: Kevin Dikes' Resume
Beth-
Here is Kevin's resume...if you can think of anything at your company...or
if anyone you know is hiring, he is open to just about anything.
My sister came down this weekend, but I will call you soon and we (Jay
included) can get together for a movie or whatever else there is
to do.
Tamara Muffat
URS Corporation
Tel: 713-914-6686
Fax: 713-789-1648
----- Forwarded by Tamara Muffat/Houston/URSCorp on 05/29/2001 09:52 AM
-----
"K D"
<kddogg@hotma To: [email protected]
il.com> cc:
Subject: Kevin Dikes' Resume
05/28/2001
11:11 PM
Tamara Muffat,
Hey girl. I am sending this email in hopes that you can save me from the
boredom in which i have grown accustomed to living.
Attached you will find my resume...if you happen to think about it and
someone
is interested, GREAT...if not, no big deal. I AM interested in ANY line of
work (even janitorial at this point).
Well, i hope you are having a great day at work so far and i hope you don't
miss Matt too much.
By the way...stu and i had a question for you...you are paying the bills,
right? well, if so, that means you have mattie-poo's checkbook. we were
wondering if it would be possible to borrow it to go shopping. We fill it
is his turn and it would best be served when he wasn't here....more food
for
us. Anyhow, let us know what you think, we could even buy you a few
things.
Anyhow, have a great day at work, and you know my phone number if you need
me.
Kevin Dikes
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com
(See attached file: kevin_dikes_resume.doc)
- kevin_dikes_resume.doc | {
"pile_set_name": "Enron Emails"
} |
Notice No. 01-171
May 17, 2001
TO:
ALL COMEX DIVISION MEMBERS
ALL COMEX DIVISION CLEARING MEMBERS
ALL COMEX DIVISION MEMBER FIRMS
FROM:
Neal Wolkoff, Executive Vice President
SUBJECT:
COPPER WAREHOUSE RATE CHANGE
The following new rate for the handling out charges for copper has been
submitted to the Exchange by Dalby Moving & Storage Co., Inc. for its
facilities located in Amarillo, Texas. Dalby Moving & Storage Co., Inc. is a
COMEX Licensed Warehouse for the storage of copper deliverable against the
COMEX Grade 1 Copper Futures Contract. The new rate will become effective on
July 1, 2001. All other charges remain unchanged.
RATES AND CHARGES FOR COPPER
Dalby Moving & Storage Co., Inc. Effective: July 1, 2001
Handling Out Charge per Short Ton: $ 22.75
The following previously published charges for the storage and handling of
copper at Dalby Moving & Storage Co., Inc. remain unchanged.
Handling Inbound per Short Ton: $ 0.00
Monthly Storage Charge per Short Ton: $ 3.60
Preparation of Warehouse Receipt: $ 0.00
Replacement of Each Warehouse Receipt: $ 0.00
Bill of Lading: $ 5.00
Insurance Premiums: $ 0.00
Loading Trucks & Trailers or Rail cars: $ 0.00
Please be advised that the warehouse, at its discretion, may require handling
fees based on the new rates for all copper physically in storage as of the
effective date. That is, the old rates are not grandfathered for copper
already in storage prior to July 1, 2001.
Specific to handling out charges, invoices prepared by COMEX Clearing for
warrants issued prior to July 1, 2001 should not call for reimbursements for
handling out charges based on the new rates. Reimbursements for these
warrants should be based on the old handling out rate because the warehouse
was prepaid based on the old handling out rate. Though the warehouses have
been prepaid the handling out charges based on the old rate, the party
shipping the metal out on or after July 1, 2001, may owe the warehouse the
difference between the old and new rates upon shipment, at the discretion of
the warehouse. Clearing Members are advised to carefully review invoices to
ensure that reimbursement payments are not made for charges that have not
actually been prepaid by the market short.
Should you have any questions or require any additional information, please
contact Albert J. Getz at 212-299-2608, Nick Galati at 212-299-2920 or Ploumi
Efkarpidis at 212-299-2334.
__________________________________________________
Please click on the link below to indicate you have received this
email.
"http://208.206.41.61/email/[email protected]&refdo
c=(01-171)"
Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return. | {
"pile_set_name": "Enron Emails"
} |
Group,
We will be performing a new service for EES. On Monday, August 6th the ST-CALI desk will have submitted ancillary service bids to the CAISO for EES load. LADWP will be providing the capacity (SPIN), we will be dispatched over the ADS system, and then need to call the amount into LADWP. We need to keep track of the amount exercised. We should do this in the Service Sheet and then record the amount dispatched on the sheet to EES on Tuesday morning as well. The tags are in the front of the services book for Monday. The shape is as follows.
Time Volume Tie Point Type
HE 7 6 MW LA4-VictorvilleLugo Spin
HE 8 6 MW LA4-VictorvilleLugo Spin
HE 9 6 MW LA4-VictorvilleLugo Spin
HE 10 6 MW LA4-VictorvilleLugo Spin
HE 11 6 MW LA4-VictorvilleLugo Spin
HE 12 6 MW LA4-VictorvilleLugo Spin
HE 13 6 MW LA4-VictorvilleLugo Spin
HE 14 6 MW LA4-VictorvilleLugo Spin
HE 15 6 MW LA4-VictorvilleLugo Spin
HE 16 6 MW LA4-VictorvilleLugo Spin
HE 17 6 MW LA4-VictorvilleLugo Spin
HE 18 6 MW LA4-VictorvilleLugo Spin
HE 19 6 MW LA4-VictorvilleLugo Spin
HE 20 6 MW LA4-VictorvilleLugo Spin
HE 21 6 MW LA4-VictorvilleLugo Spin
HE 22 6 MW LA4-VictorvilleLugo Spin
Please call me with any questions.
503-887-3449-cell
503-274-0502-home
Thanks,
Bill | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Shanna Husser/HOU/EES on 11/30/2000 08:07
AM ---------------------------
"James A Bowman" <[email protected]> on 11/30/2000 07:55:37 AM
To: [email protected]
cc:
Subject: FW: Vote Here
Vote below-
Regards,
James A. Bowman
IBM Global Accounts Payable
e-Business Operations Strategy - Americas / Asia Pacific
1701North St, Endicott, NY 13760
(607) 755-5708 T/L 855-5708 FAX (607) 755-6124
[email protected]
---------------------- Forwarded by James A Bowman/Endicott/IBM on
11/30/2000 08:54 AM ---------------------------
http://ourworld.compuserve.com/homepages/jjgordon/elections/PBballot.htm
<http://ourworld.compuserve.com/homepages/jjgordon/elections/PBballot.htm>
<http://ourworld.compuserve.com/homepages/jjgordon/elections/PBballot.htm
<http://ourworld.compuserve.com/homepages/jjgordon/elections/PBballot.htm>
> | {
"pile_set_name": "Enron Emails"
} |
Did I respond? (Life is nuts; I'm losing it.) Anyway, Peter de Vroede
signed my up with him last week (so I'm not sure why I'm still on the list).
Anywho, would have been fun. Sorry I'm already booked. Had the midterm last
nite--wasn't nearly as bad as I thought it would be, though I'm sure I made
about a thousand dumb little mistakes.
Best,
Jeff
"Chris Neale" <[email protected]>
10/24/2000 05:31 PM
To: [email protected]
cc:
Subject: Fwd: MPAR Room Assignments
Hey Jeff,
Hope all went well for you on the mid-term. Do you have a room-mate for the
mid-term retreat? Your name was on a list. Let me know if you need one. I
have been a little lax with my responses and did not get back to Diane.
Chris Neale
>From: "Meg St. John" <[email protected]>
>To: [email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected], [email protected],
> [email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected], [email protected],
>[email protected]
>Subject: MPAR Room Assignments
>Date: Mon, 23 Oct 2000 16:16:16 -0700
>
>You are receiving this e-mail because the Evening MBA Program Office has
>not yet received your Room Request Form for the Mid-Program Academic
>Retreat.
>
>Please reply to me with your preference by Friday, October 27.
>
>In your reply, please include your preference for one of the following room
>types and the name of your roommate(s), if applicable:
>
>_____ A one-bedroom suite
> Name of roommate: ____________________
>
>_____A two-bedroom suite (there are only 3 left - these will be assigned on
>first-come, first-served basis)
> Name of 1st roommate: _________________
> Name of 2nd roommate: _________________
>
>_____A single room (at an additional cost of $159/night)
>
>
>Thank you very much for your help,
>Meg St. John
>Assistant Director, Evening MBA Program
>(510) 642-1406
>
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
Share information about yourself, create your own public profile at
http://profiles.msn.com. | {
"pile_set_name": "Enron Emails"
} |
_________________________________________________________________
B R E A K F A S T W I T H T H E F O O L
Friday, October 13, 2000
[email protected]
_________________________________________________________________
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"The opposite of talking isn't listening. The opposite of
talking is waiting." -- Fran Lebowitz
GATEWAY BUSTS OUT WITH STRONG Q3
The personal computer maker reported third-quarter earnings
after the close yesterday, reaffirming its beyond-the-box
strategy.
By Mike Trigg
Personal computer (PC) maker Gateway (NYSE: GTW) announced
earnings in line with Street expectations after the market's
close yesterday, citing strong consumer and small business sales
and continued growth in Europe. After warnings from stalwart
technology firms Intel (Nasdaq: INTC), Dell (Nasdaq: DELL), and
Apple (Nasdaq: AAPL) sent PC stocks tumbling in recent weeks,
the news was an affirmation of the company's beyond-the-box
business strategy.
Gateway reported fiscal third-quarter (ended September 30) net
income of $152.6 million, or $0.46 per share, compared to $113.2
million, or $0.35 per share, one year ago. A quick look at
profits shows this was its third consecutive quarter of 30%-plus
net income growth.
On the revenue side, the San Diego, Ca. company reported sales
of $2.53 billion, an increase of 16% from $2.18 billion in the
same period a year ago. As a percentage of sales, gross margins
improved one percentage point from the year-ago period to 23.1%.
Here, we begin to see the effect of the company's strategy of
diversifying its product offering.
More than 50% of sales from the quarter came from hardware,
software, and services other than the PC. This exceeded company
expectations, which called for 45% by the end of the fourth
quarter. By gaining traction with its beyond-the-box strategy,
the company sets itself up for further margin expansion. Non-PC
products and services are high-margin businesses, thus allowing
a greater proportion of sales to trickle down to the bottom
line. CFO John Todd discussed this subject in the conference
call last night, noting the company sees a day when the majority
of revenues come from products and services outside the box.
Internationally, revenues in the Middle East, Europe, and Africa
increased 13%. The company indicated that, without currency
difficulties, top-line growth would have seen a 27%
year-over-year improvement. Moreover, Gateway's Asia Pacific arm
saw an 8% growth in revenue and was adversely affected by
problems with suppliers of disk drives, which have since been
solved.
This quarter was especially good for Gateway. Next quarter is
typically its strongest, and the company is comfortable with the
consensus estimate calling for 48% profit growth. The consumer
segment and software revenue related to the PC will continue to
drive growth in coming quarters
_________________________________________________________________
NEWS TO GO
Internet router provider Juniper Networks (Nasdaq: JNPR)
announced fiscal third-quarter net income of $58.2 million, or
$0.17 per share, compared to a loss of $1.6 million, or $0.01
per share, year-over-year. The Street consensus called for the
company to earn $0.09 per share. Revenue was $201.2 million, a
78% sequential increase. CEO Scott Kriens cited strong demand
among service providers to handle the increased amount of
Internet traffic. The company directly competes with Cisco
(Nasdaq: CSCO) and is gaining serious market traction in the
space, which apparently hasn't been affected by the technology
slowdown.
Data availability software provider Veritas (Nasdaq: VRTS)
reported better-than-expected earnings after the market's close
yesterday, citing continued international strength, steady
revenue, and market share growth in the Windows NT space, and
expansion of its Unix business. Veritas' fiscal third-quarter
net income excluding adjustments was $70.3 million, or $0.16 per
share, compared to $38.9 million, or $0.09 per share, a year
ago. The Street consensus called for the company to earn $0.14
per share. CFO Ken Lonchar added in a prepared release that the
company continues to see strong growth of its Hewlett-Packard
(NYSE: HWP) business.
Internet advertising company DoubleClick (Nasdaq: DCLK)
announced third-quarter earnings after the close yesterday in
line with Street expectations. The company's net income totaled
$3.7 million, or $0.03 per share, versus a loss of $3.8 million,
or $0.03 per share, in the year-ago period. Revenues were $135.2
million, compared to $75.3 million. Specifically, the media unit
reported revenue of $64.3 million, an 86% increase. The number
of advertisers fell 10% from the prior quarter. Moreover, it
maintained a bearish outlook for the rest of the year, adding
that current conditions likely won't change till the second
quarter of next year.
Communications chip maker PMC-Sierra (Nasdaq: PMCS) reported
that fiscal third-quarter profits had tripled, citing strong
sales to makers of computer networking gear. The company also
forecasted that sales would rise 15% in the next period. Net
income excluding onetime items was $56 million, or $0.31 per
share, compared to $18.7 million, or $0.11 per share,
year-over-year. The Street consensus called for $0.26 per share.
Revenue came in at $198.1 million versus the year-ago figure of
$82.5 million. The company added a number of acquisitions in
order to expand its broadband and communications expertise and
serve larger markets this quarter. Purchases include Malleable
Technologies, Quantum Effect Devices, and Datum Telegraphic.
Check out yesterday's Foolish market wrap-up with just one click.
http://www.fool.com/m.asp?i=154057
_________________________________________________________________
EDITOR'S PICK
CEO Rick Gilbert tells the Fool how Copper Mountain Networks'
products allow telecom service providers to offer broadband
Internet access to their customers.
http://www.fool.com/m.asp?i=154058
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(c) Copyright 2000, The Motley Fool. All rights reserved. This
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MsgId: msg-18462-B10132365Address.msg-09:19:19(10-13-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: [email protected] | {
"pile_set_name": "Enron Emails"
} |
UPS and FedEx shipping forms have been created. Hooray! Using these forms
will help us meet your shipping needs.
Where to find them?
The forms may be found in their labeled black trays next to Erin's desk or on
the network path:
P: \Admin Assistants\Forms\UPS request form or FedEx request form.
Easy as 1-2-3
1. Fill out a form and attach it to each item you need shipped.
2. Place item in top black tray.....put oversize items on floor between
Erin and Emily's desks.
3. Turn your item in before the daily 4pm deadline.
It will be your responsibility to label and ship any overnight items
that do not meet the 4pm deadline.
FYI: All interoffice mail is shipped overnight FedEx.
Please let us know if you have questions.
Thank you!
Emily and Erin | {
"pile_set_name": "Enron Emails"
} |
Content-Transfer-Encoding: binary
Date: Fri, 17 Nov 2000 13:59:09 -0500
From: "FRANK WU" <[email protected]>
To: "ANDREW KEITH DAW" <[email protected]>, "ELIZABETH TRUJILLO"
<[email protected]>, "GEORGE T. LEE" <[email protected]>, "KAREN MADDREY"
<[email protected]>, "RICHARD WAYNE JONES" <[email protected]>, "SOCORRO
HERNANDEZ" <[email protected]>, "TRUONG MANH NGUYEN" <[email protected]>
Subject: Moses
Mime-Version: 1.0
Content-Type: image/jpeg
Content-Disposition: attachment; filename="MOSES.JPG"
- MOSES.JPG | {
"pile_set_name": "Enron Emails"
} |
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