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---------------------- Forwarded by Paul D Thomas/NA/Enron on 05/07/2001 10:50 AM --------------------------- "Cronquist, Jennifer" <[email protected]> on 05/07/2001 10:00:41 AM To: "'Raquel@work'" <[email protected]>, "'[email protected]'" <[email protected]> cc: "'PaulThomas@work'" <[email protected]>, "'Renata'" <[email protected]> Subject: pics from Rio Hi everyone! I have some pictures from the wedding I thought you might like: <<IMG11.JPG>> <<IMG12.JPG>> <<IMG04.JPG>> <<IMG10.JPG>> <<IMG09.JPG>> Sincerely, Jennifer Cronquist - IMG11.JPG - IMG12.JPG - IMG04.JPG - IMG10.JPG - IMG09.JPG
{ "pile_set_name": "Enron Emails" }
Dear Jason, Thank you for ordering from Banana Republic Online. Your order number is 5639809 which you should hold on to in case you have any questions regarding your order. Here is a summary of your order: ORDER #: 5639809 RECEIVED AT: 2001-05-26 11:50:00 As soon as we've shipped your order (pending credit authorization), we will send you another e-mail confirming shipment. Any tracking information will be included at that time. If you have any questions, please call us at 1.888.906.2800 anytime or e-mail us at [email protected]. Sincerely, Banana Republic Online Customer Service P.S. We would also like to take this opportunity to let you know that from time to time, we send out e-mail updates announcing any special events happening on our site and in our stores. At this time, you are not signed up for this service. To sign up at any time, just go to http://www.bananarepublic.com/organizer.asp
{ "pile_set_name": "Enron Emails" }
Steve & Rick -- FYI. PG&E Bankruptcy counsel has provided the below stipulation that holds any further action on this issue for 48 hours. It appears that PG&E doesn't want to be anywhere near the CPUC. Provide more details as they go through. Jim -----Original Message----- From: "CARL EKLUND" <[email protected]>@ENRON [mailto:IMCEANOTES-+22CARL+20EKLUND+22+20+3CCEKLUND+40LLGM+2ECOM+3E+40ENRON@ENRON.com] Sent: Tuesday, September 04, 2001 2:48 PM To: Huddleson, Diann; [email protected]; Steffes, James D.; Mellencamp, Lisa; Tribolet, Michael; Williams, Robert C.; [email protected]; Sharp, Vicki; Curry, Wanda; [email protected] Cc: CHARLES FERGUSON; John Klauberg; SANFORD KINGSLEY Subject: Fwd: ENRON Disputes This is the stipulation we were able to receive from PG&E to allow Lisa and I to negotiate a stipulation within the next 48 hours. We will keep you posted. ============================================================================== This e-mail, including attachments, contains information that is confidential and may be protected by the attorney/client or other privileges. This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s). If you are not an intended recipient, please delete this e-mail, including attachments, and notify me. The unauthorized use, dissemination, distribution or reproduction of this e-mail, including attachments, is prohibited and may be unlawful. ============================================================================== Content-Transfer-Encoding: quoted-printable Received: from securemail1.llgm.com ([10.4.218.42]) by llgm.com; Tue, 04 Sep 2001 15:30:58 -0400 Received: from 131.89.128.10 by securemail1.llgm.com with ESMTP ( Tumbleweed MMS SMTP Relay (MMS v4.7)); Tue, 04 Sep 2001 15:33:13 -0400 X-Server-Uuid: 2ddd99fc-ca0e-11d4-9906-00508bdcbe76 Received: from dns00.pge.com (dns00 [131.89.128.66]) by can01new.pge.com (8.11.6/8.11.6) with ESMTP id f84JQMf20600; Tue, 4 Sep 2001 12:26:22 -0700 (PDT) Received: from dns02.comp.pge.com by dns00.pge.com (8.8.8+Sun/SMI-4.1) id MAA19213; Tue, 4 Sep 2001 12:26:20 -0700 (PDT) Received: from exchange01.comp.pge.com by dns02.comp.pge.com ( 8.8.8+Sun/SMI-4.1) id MAA04104; Tue, 4 Sep 2001 12:26:16 -0700 (PDT) Received: by exchange01.comp.pge.com with Internet Mail Service ( 5.5.2650.21) id <R5A9YAGB>; Tue, 4 Sep 2001 12:26:16 -0700 Message-ID: <[email protected]> From: "Boyd, Judith (SVP/GC)" <[email protected]> To: "'[email protected]'" <[email protected]> Subject: ENRON Disputes Date: Tue, 4 Sep 2001 12:26:12 -0700 Sensitivity: Private X-Mailer: Internet Mail Service (5.5.2650.21) X-WSS-ID: 178BF3F22579931-01-01 MIME-Version: 1.0 Content-Type: text/plain; charset="us-ascii" Content-Disposition: inline Carl: This will confirm the agreement of PG&E not to take any action for 48 hours with respect to our ongoing disputes with Enron. We will meet with you and your client tomorrow in an effort to formulate a process for resolution of outstanding issues. Obviously, this is without prejudice to anyone's rights. Jim Lopes
{ "pile_set_name": "Enron Emails" }
-----Original Message----- From: Lay, Kenneth Sent: Saturday, August 25, 2001 3:28 PM To: Allen, Phillip K.; Beck, Sally; Belden, Tim; Blachman, Jeremy; Bowen Jr., Raymond; Brown, Michael - COO London; Butts, Bob; Buy, Rick; Calger, Christopher F.; Carter, Rebecca; Causey, Richard; Cline, Wade; Colwell, Wes; Cordes, Bill; Cox, David; Cumberland, Shawn; Deffner, Joseph; Delainey, David; Derrick Jr., James; Detmering, Timothy J.; Dietrich, Janet; Dimichele, Rich; Dodson, Keith; Donahue, Jeff; Duran, W. David; Dyson, Fernley; Estrems, Connie; Fallon, Jim; Fastow, Andrew; Frevert, Mark; Gillis, John; Glisan, Ben; Gold, Joe; Haedicke, Mark E.; Hannon, Kevin; Hayes, Robert; Hayslett, Rod; Hermann, Robert; Hickerson, Gary; Horton, Stanley; Hughes, James A.; Hutchinson, Michael; Jackson, Charlene; Kaminski, Vince J; Kean, Steven J.; Kishkill, Joe; Kitchen, Louise; Koenig, Mark; Lavorato, John; Lay, Kenneth; Leff, Dan; Lewis, Richard; Lindholm, Tod A.; Lowry, Phil; McCarty, Danny; Mcclellan, George; Mcconnell, Mike; McDonald, Rebecca; McMahon, Jeffrey; Metts, Mark; Milnthorp, Rob; Mordaunt, Kristina; Muller, Mark; Murray, Julia; Olson, Cindy; Piper, Greg; Prentice, James; Redmond, Brian; Rice, Ken; Rieker, Paula; Scrimshaw, Matthew; Shankman, Jeffrey A.; Shapiro, Richard; Sharp, Vicki; Shelby, Rex; Sherrick, Jeffrey; Sherriff, John; Sullivan, Colleen; Sunde, Marty; Taylor, Mitch; Tilney, Elizabeth; Umanoff, Adam; Walls Jr., Rob; Wasaff, George; Whalley, Greg Subject: Executive Committee Importance: High As was earlier announced, we will be bringing all Managing Directors together on a quarterly basis. Please note on your calendars the first Monday of every quarter from 8:30 a.m. to 12:00 noon for this purpose. The first meeting will take place on Monday, October 1st. I look forward to seeing you there. If you have any questions, please call Joannie Williamson at 713-853-1769.
{ "pile_set_name": "Enron Emails" }
This message is intended for all U.S. employees eligible for Enron's domestic medical plans. If you receive this notification in error, please disregard.
{ "pile_set_name": "Enron Emails" }
Attached is a fully-executed copy of the Settlement Agreement and Mutual Release among the defendants in the Farallon action, pursuant to which ECT Securities (and its affiliates) is released by all defendants from liability in connection with the NSM securities offering. ................................................ ALSCHULER GROSSMAN STEIN & KAHAN LLP ATTORNEYS AT LAW www.agsk.com 2049 Century Park East Thirty-Ninth Floor Los Angeles, CA 90067-3213 Tel 310-277-1226 Fax 310-552-6077 This transmission is intended only for the use of the addressee and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If you are not the intended recipient, or the employee or agent responsible for delivering the message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately via e-mail at [email protected] or by telephone at 310-277-1226. Thank you. ............................................... - Enclosed.txt - ~gw7657.tif
{ "pile_set_name": "Enron Emails" }
Kim, thank you so much for organizing the conference call last Friday, and for taking part in our RFP process. But based upon our meetings/call with shortlisted suppliers, CalPeak has decided to proceed with other supplier(s). I sincerely appreciate your participation in our process - it was great to get to know you in person, especially since Jeff Fuller up in our Bellevue office enjoys working with you. I and others at CalPeak look forward to continued opportunities to work with you and Enron in the future. Ann T. Donnelly, Ph.D. Principal Consultant Power Resource Managers, LLP 1610 C Street, Suite 102 Vancouver, WA 98663 Phone: 360/693-8484 Fax: 360/693-3487 e-mail: [email protected] Website: http:\\www.prmllp.com
{ "pile_set_name": "Enron Emails" }
<<2rz503!.DOC>> <<2RZ5RED.DOC>> <<2R6LRED.DOC>> Kay: Enclosed is a revised draft of the proposed letter agreement for the 7EA turbines reflecting Ben's business points and the matters discussed in our telephone conference earlier today. Also enclosed is a blacklined copy reflecting revisions from the December 15, 2000 draft of the prototype letter agreement. Although we have enclosed a blacklined draft reflecting revisions from the final draft of the CA/ED-I letter agreement, this is difficult to read due to our re-arrangement of the reps and warranties. If you have any questions or comments, please advise. (I have received the courier package with the GE Facility Agreements). Carolyn M. Campbell King & Spalding 713-276-7307 (phone) 713-751-3280 (fax) [email protected] <mailto:[email protected]> Enclosures: 129569v3 129569vR3/2 129569v3 R 128541v18 Confidentiality Notice This message is being sent by or on behalf of a lawyer. It is intended exclusively for the individual or entity to which it is addressed. This communication may contain information that is proprietary, privileged or confidential or otherwise legally exempt from disclosure. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error, please notify the sender immediately by e-mail and delete all copies of the message. - 2rz503!.DOC - 2RZ5RED.DOC - 2R6LRED.DOC
{ "pile_set_name": "Enron Emails" }
-----Original Message----- From: Schmidt, Ann M. Sent: Friday, October 19, 2001 4:17 PM Subject: Enron Mentions Enron Shares Fall on Concern Over CFO's Partnerships (Update4) Bloomberg, 10/19/01 USA: UPDATE 1-Enron stock sustains further heavy losses. Reuters English News Service, 10/19/01 Enron Corp. Cut to `Hold' at A.G. Edwards Bloomberg, 10/19/01 BANDWIDTH BEAT: Enron Broadband Unit Takes A Beating Dow Jones Energy Service, 10/19/01 Dynegy Chief: Bandwidth Growth Won't Wait For Trading Dow Jones Energy Service, 10/19/01 UK: Jobs in base metals down but definitely not out. Reuters English News Service, 10/19/01 New Power Hldg Sees Meeting 3Q Loss Estimate Dow Jones News Service, 10/19/01 Enron Shares Fall on Concern Over CFO's Partnerships (Update4) 2001-10-19 16:24 (New York) Enron Shares Fall on Concern Over CFO's Partnerships (Update4) (Updates with Chief Financial Officer Fastow didn't immediately return a call for comment in fifth paragraph.) Houston, Oct. 19 (Bloomberg) -- Enron Corp.'s shares have fallen 26 percent in the past three days on concern the biggest energy trader's dealings with partnerships run by its chief financial officer contributed to investment losses. Enron's stock dropped 10 percent today. Enron's board cost the company at least $35 million by allowing Chief Financial Officer Andrew Fastow to manage LJM Cayman and LJM2 Co-Investment, partnerships that bought Enron assets, a shareholder alleged Wednesday in a lawsuit. The lawsuit came the day after Enron reported $1.01 billion in third-quarter losses from failed investments. The Wall Street Journal reported $35 million of the losses were connected with the two limited partnerships. Enron also reduced shareholders' equity by $1.2 billion when it bought back 55 million shares from the partnerships, the paper reported yesterday. ``It looks sleazy,'' said Roger Hamilton, a manager at John Hancock's Value funds, which own 600,000 shares. ``If you are someone who invests in a company's management, it's almost time to punt with Enron.'' Enron spokeswoman Karen Denne didn't return calls or written requests seeking comment. Fastow didn't immediately return a telephone call for comment. Fastow and a handful of associates made more than $7 million last year in management fees and about $4 million in capital increases on an investment of about $3 million in one of the partnerships, the Journal reported today. Buying Enron Assets Fastow is involved in 17 other similar companies and partnerships that appear to have ties to Houston-based Enron, based on filings with the Texas secretary of state. The foreign business corporations and limited liability companies have directors, officers or managers whose address is listed as 1400 Smith Street in Houston, Enron's corporate address, according to Texas records. Fastow is listed as a director, officer or managing member in each one. At least one of the companies bought and sold Enron assets, including foreign power plants. Whitewing Management, which lists Fastow as its managing member, received $807 million from the sale of Enron debt last year. Under the terms of the debt sale, Whitewing is allowed to use the proceeds to buy power plants from Enron or make other ``permitted investments.'' Whitewing has bought 14 Enron plants or companies since 1999 and sold four. Enron's Denne has not responded to written requests about Fastow's role at Whitewing or whether he used his knowledge of the value of Enron assets to benefit outside investors or company executives at Enron's expense. Shares of Enron fell $2.95 to $26.05. They have fallen 69 percent this year. --Russell Hubbard in the Princeton newsroom, 609-750-4651 or [email protected], and Jim Kennett in Houston, (713) 353-4871 or [email protected]/pjm/alp/pjm USA: UPDATE 1-Enron stock sustains further heavy losses. 10/19/2001 Reuters English News Service (C) Reuters Limited 2001. (New first paragraph, adds additional analyst comment) By Andrew Kelly HOUSTON, Oct 19 (Reuters) - Enron Corp. stock sustained further heavy losses on Friday as investor confidence in the former Wall Street favorite was rocked by reports about the company's relationship with a limited partnership that was run until recently by Enron's chief financial officer. The energy giant's stock closed down $2.95 or 10.2 percent at $26.05 per share, making a cumulative loss of 27 percent for a week in which Enron reported a third-quarter loss of $638 million, its first quarterly loss in over four years. Analysts said confidence was shaken by several articles in the Wall Street Journal this week alleging possible conflicts of interest on the part of Chief Financial Officer Andrew Fastow, who until recently ran a limited partnership that bought assets worth hundreds of millions of dollars from Enron. "I don't think this thing passes the smell test," said one analyst who spoke on condition of anonymity. "I think the CFO should be out of there right now. In the interest of the stockholders, that CFO should be gone," he said. Enron has rejected the suggestion that there was anything improper about the arrangements, but Fastow severed his ties with the LJM2 partnership earlier this year to allay concerns raised by investors and analysts about his dual responsibilities. POOR JUDGMENT? Analysts said that at the very least, the arrangement showed poor judgment by senior managers at Enron, which recently pledged to be more open with investors and analysts following a series of high-profile stumbles that culminated with the shock resignation of new chief executive officer Jeff Skilling in August. "For a company that had a lot of question marks around it already, these questions about financial dealings are really worrisome for investors," said Commerzbank Securities analyst Andre Meade. "It points to poor decision-making on behalf of the board and top management at Enron," he said. Enron, North America's biggest buyer and seller of natural gas and electricity, was one of Wall Street's high flyers last year, when its stock posted a gain of 87 percent. The stock's ascent was driven by enthusiasm for the company's plans to build a broadband telecommunications business and the success of its EnronOnline Internet energy trading platform. This year Enron's shares have fallen 69 percent as sentiment toward broadband and the Internet soured, Skilling resigned after only six months as CEO, and the company's Dabhol power plant project in India became mired in a payments dispute. Moody's Investors Service said earlier this week that it had placed all of Enron's long-term debt obligations on review for a possible downgrade after Enron took $1.01 billion in write-downs and charges that substantially reduced valuations for several non-core businesses, including broadband and water services. Some of Enron's financing arrangements require the company to maintain investment grade credit ratings. Analysts said Enron's credibility has been severely damaged and the recent reports about the LJM2 partnership had raised concerns that more unpleasant surprises may lie ahead. "What don't we know that went on at that company? Where's the credibility?" asked one frustrated analyst. "We don't know if it's limited to this," he said. Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved. Enron Corp. Cut to `Hold' at A.G. Edwards 2001-10-19 16:27 (New York) Princeton, New Jersey, Oct. 19 (Bloomberg Data) -- Enron Corp. (ENE US) was downgraded to ``hold'' from ``buy'' by analyst Michael C Heim at A.G. Edwards & Sons Inc. BANDWIDTH BEAT: Enron Broadband Unit Takes A Beating By Michael Rieke 10/19/2001 Dow Jones Energy Service (Copyright (c) 2001, Dow Jones & Company, Inc.) A Dow Jones Newswires Column HOUSTON -(Dow Jones)- Early last year, Enron Corp.'s (ENE) hype and skyrocketing share price enticed a number of other energy companies into the telecommunications business. Now investors are wondering whether Enron is leading the charge out of telecom. The company announced Oct. 16 that its broadband unit lost $80 million before interest and taxes in the third quarter on revenue of $4 million. In the third quarter of last year, the unit lost $20 million on revenue of $162 million. Enron also recorded a $180 million non-recurring charge for restructuring its broadband unit in the third quarter of this year. That amount included severance costs for cutting 400-500 jobs, loss on sale of inventory and the reduced value of Enron's content services. At an analysts meeting Oct. 16, Enron Chairman and Chief Executive Ken Lay said the broadband business is "not that robust" right now. Industry revenue is low and there's substantial overcapacity in the bandwidth market, "more than even we anticipated," Lay said. The company still has a problem finding creditworthy counterparties for bandwidth trading. Consolidation in the telecom sector has also eliminated potential trading partners. "A year ago it looked like an excellent business to get into," he said. "Others thought so, too." Looking back, Enron could have gotten into the broadband business with less capital, Lay said. It spent "too much too soon." An Ominous Comparison He compared Enron's move into telecom with its move into the water business with its Azurix unit. That comparison probably won't be good news to those who still have broadband jobs at Enron. Azurix caused Enron to take a bigger writedown - $287 million - than broadband in the third quarter. The water business has been a bigger and longer-lasting headache than broadband. Maybe Enron's surviving broadband employees will feel better knowing that Lay told analysts the company is exploring alternatives to preserve its play in telecom at a reasonable price so it will be ready when the business recovers. It's trying to reduce general and administrative costs in broadband to $40 million a quarter and is on track to reach that goal next year, he said. It could cut those costs even more in order to sustain the business. Meanwhile, the company is trying to determine which parts of the telecom business it wants to be in, he said. Enron President and Chief Operating Officer Greg Whalley told analysts the company needs to determine how much network and hardware it needs. At one time, they had thought that they wanted to use physical network assets as a springboard, Whalley said. Now they "wouldn't want to forever be in the network business." Both executives mentioned the possibility of joint ventures in telecom. Lay said other companies are asking Enron to do them. Whalley said the company has talked about exchanging fiber and other assets. The one part of the telecom business Enron still seems committed to is broadband intermediation. "Intermediation" is a term the company uses in most of its commodity businesses, said an Enron spokeswoman. It's a combination of trading and deal origination - wholesale and enterprise customers. More Bad News Expected Rebecca Followill, a research analyst for Howard, Weil, Labouisse, Friedrichs Inc., she had expected a larger writedown in broadband for the third quarter. "If you look at how much the stocks of their peers in broadband have fallen, you've got to figure that their assets' values have fallen similarly," Followill told Bandwidth Beat. "I was expecting more like an 80% writedown in broadband." Another analyst, who didn't want to be identified, said he also expects more broadband writedowns from Enron. "To the extent that they can take more writedowns, I think it would make eminently good sense to do it." He predicted "a $200 million haircut" in the first quarter of next year because of a goodwill valuation issue. And that might not be the end of it. Enron had a net of $948 million of broadband property, plant and equipment at the end of last year, he said. They had another $600 million of risk management asset receivables, inventories and working capital items. Followill doesn't see much future in broadband for Enron. "I think the business will shrink to the point where it won't be shown as a key sector in their reporting," she said. Enron might keep a small broadband group in case the market rebounds, she said. Her investor clients don't expect broadband to contribute to Enron's earnings within the next three years. She thinks Enron is looking for an exit strategy. The other analyst said Enron is trying to preserve some value in broadband. "It doesn't look like there's any right now, to be honest," he said. "They'll carry the trading operation to some degree." -By Michael Rieke, Dow Jones Newswires; 713-547-9207; [email protected] Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved. Dynegy Chief: Bandwidth Growth Won't Wait For Trading By Erwin Seba Of DOW JONES NEWSWIRES 10/19/2001 Dow Jones Energy Service (Copyright (c) 2001, Dow Jones & Company, Inc.) HOUSTON -(Dow Jones)- Dynegy Inc. (DYN) Chairman and Chief Executive Chuck Watson understands why some think he is mistaken in believing the bandwidth sector has reached its bottom and is recovering. But those critics don't understand his bandwidth business, Watson told Dow Jones Newswires in an exclusive interview. They don't understand how the business world has changed since the Sept. 11 terrorist attacks, he said. In announcing third-quarter results for Dynegy Monday, Watson said the bottom in bandwidth demand was reached on Sept. 11 and that the market would begin recovery in the fourth quarter of this year. Businesses are reassessing where to store data and how to distribute operations to avoid losing everything in a sudden catastrophic event, be it of natural or human origin. That's what's driving the recovery, he said. Also, businesses will avoid travel, he said, relying instead on video conferencing. Enron Corp. (ENE) Chairman Kenneth Lay said Tuesday that he hasn't seen any signs of recovery in telecom. The bandwidth market is suffering, in part, because there are few creditworthy companies to trade with, he said. "They're trying to find trading partners for broadband," Watson said. "That's going to be tough to do." Dynegy isn't concentrating on bandwidth trading because there isn't "a realistic model" for it yet, he said. "I said two years ago it was at least two years away. I still think it's probably at least two years away, before we actually call it a trading commodity." The metro-area infrastructure that Dynegy and other companies are building will create connections between networks, which are needed in order to trade bandwidth as a commodity, Watson said. It's unfortunate that Enron's model for bandwidth as a traded commodity is the dominant image for the entire market, Watson said. Dynegy's model includes telecom contracts, negotiated directly with customers for long-term supply of bandwidth. Dynegy's bandwidth trading desk is staffed by four people. For the past several months, they have been buying bandwidth for Dynegy's customers. The goal has been to build a customer base. "We're looking at being an intermediary, and really looking at the same customers that we feed energy today." Since Dynegy lit its 16,000 route-mile network two weeks ago, the trading desk has been trying to fill the company's network instead of buying bandwidth from others. "I'm trying to find enterprises that have communication requirements," Watson said. He pointed to ChevronTexaco Corp. (CHX) as a target for those services. "They have offices that never talked to each before," he said. "Now they've got to talk to each other. I would say that the credit quality of Chevron and Texaco is pretty reasonable." ChevronTexaco owns about 26% of Dynegy, said a Dynegy spokesman. Dynegy and ChevronTexaco already have a large energy trading relationship which includes natural gas and gas liquids. The average burn rate of Dynegy Global Communications, the corporation's telecommunications unit, is $20 million to $25 million a quarter, Watson said. In the third quarter, it lost $15 million, down from $20 million in the second quarter. Dynegy predicts that Global Communications will break even or record a small loss before interest and taxes in the fourth quarter. "If we can get to (income of) $10 million per month - that's what we need really," he said. "If we can get there by the end of next year, I'll be very happy. I think by '03, this market will have righted itself." Watson believes telecommunications has the potential to transform Dynegy. "Dynegy is an energy company," he said. "Our energy merchant company is doing very well and business is growing like a weed...(Telecommunications) is not our core business by any stretch right now. But I'd love to be able to tell you it's going to be. I'd love to be able to tell you it is someday." -By Erwin Seba, Dow Jones Newswires; 713-547-9214; [email protected] Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved. UK: Jobs in base metals down but definitely not out. By Amanda Cooper 10/19/2001 Reuters English News Service (C) Reuters Limited 2001. LONDON, Oct 18 (Reuters) - Dismal industrial demand and the fickleness of hedge funds seduced by more volatile markets have slashed London Metal Exchange members' profits over the past year and set off a gathering wave of job cuts. The decline and fall of base metal prices in the past year and a half has prompted a series of high-profile companies to withdraw from the market, casting a pall over next week's yearly LME Week industry gathering in London. Jobs have gone from front office to back in trading houses and banks, raising questions about the prospects for those now seeking work. "Good people can always be placed. As long as there is a job to fill and the company has a budget to hire," Sarah Gilley of London-based recruitment group Exchange Consulting said. "Where the situation starts to get difficult is where everyone is cutting budgets, people are not being replaced when they leave and there have been an awful lot of redundancies." Last week, ScotiaMocatta, a subsidiary of the Bank of Nova Scotia and a key ring dealing member, unveiled its decision to give up open outcry trading on the LME floor, prompting around 25 job losses among traders, phone jockeys and clerks. Then blue-blooded banker N.M. Rothschild & Sons closed its London and New York base metals units. It left its core precious metals business intact, but 20 base metals staff were laid off in the process. In the same week, the LME's largest floor trader, Enron Metals, said it planned to cut 10 to 20 percent of its metals staff as part of an exercise to cut 250 to 500 jobs in the Enron Group . SECURITY With three big market players and several major banks with commodities divisions slashing jobs at the same time, competition in the labour market will intensify and those in work are becoming wary about job security. "What we're finding at the moment is that there is still demand for traders with a track record, which is possibly increasing because people are nervous about their jobs and so they're keen to stay put," Gilley said. "So whereas someone who might be a big money-spinner with a track record would have previously stayed in their job for two to three years, they are now staying for three to five years. "They probably feel that they're reasonably safe where they are, they're well recognised and not going to stick their necks out," she said. BONUS FEARS October has never traditionally been a strong month for the the jobs market in base metals as players are often distracted by LME week functions and conferences Also, traders tend to be looking towards their annual performance-linked bonuses, which are usually announced at the end of the year. "Those who are in work at the moment are sticking. Often at this time of year, people are hanging on for their bonuses. But I don't think any of them are anticipating good bonuses. They're probably just happy to have a job," Sian Griffiths of Exchange Consulting said. LME volumes traded have been fallen over the past 18 months as the powerful hedge funds that once took a shine to the metals swarmed into areas such as hi-tech and telecomms stocks. Metals traders who handled the large volume of fund activity have begun to focus again on moree traditional clients, and this may yet prove a boon for the jobs market. Companies are seeking to fill a shortage of staff schooled in the traditional practices of trading physical metal. "A lot of companies who had sidelined the traditional physical business are now re-aligning their focus and need poeple who understand the physical market and know how to set up a hedge and manage it, " Gilley said. "The other area where demand has markedly increased in comparison to a few years ago is marketing," she added. As for morale in the industry, individuals' confidence in their future is seemingly undimmed. "Just because I've lost my job doesn't mean I'm going to sell my Porsche," one trader said. Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved. New Power Hldg Sees Meeting 3Q Loss Estimate 10/19/2001 Dow Jones News Service (Copyright (c) 2001, Dow Jones & Company, Inc.) PURCHASE, N.Y. -(Dow Jones)- New Power Holding Inc. (NPW) expects to meet its prior third quarter loss estimates; and said it has revised an agreement with Enron Corp. (ENE), lowering the collateral New Power must post under a master netting agreement. In a press release Friday, New Power said the amendment to the Enron pact and cost-cutting efforts will allow the company to continue to conduct business until it secures ongoing asset-backed financing. The company reiterated its earlier expectations of a third quarter loss of $65 million to $70 million, or $1.12 to $1.20 a share. Analysts put the company's third quarter loss at $1.16 a share, according to Thomson Financial/First Call. Third quarter revenue will be "slightly lower" than the $60 million to $65 million forecast in August, New Power said. In the year-ago third quarter New Power lost $1.23 a share on revenue of $18.19 million. The amendment to the master netting agreement with Enron North America Corp., Enron Energy Services Inc. and Enron Power Marketing Inc. affects the master cross-product netting, setoff, and security agreement, and expands through Jan. 4 the types of collateral that New Power is permitted to post to the Enron units. Under the amended pact, the first $70 million of posted collateral must be in the form of cash, while amounts in excess of $70 million may consist of not more than $40 million of eligible receivables and inventory of New Power, valued at discounts specified in the amendment, and subject to a $25 million limit for October 2001. Shares of New Power traded recently on the New York Stock Exchange at $1.67, up 1 cent, or 0.6%, on early composite volume of 7,900 shares. Average daily volume is 223,800 shares. -Bill Platt; Dow Jones Newswires; 201-938-5400 Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
{ "pile_set_name": "Enron Emails" }
I have changed the supervisor from Lynn to you on Jacob Conklin and Cynthia Rivers in PEP. I will submit the appropriate changes in SAP. Thanks, Fran Miranda: Please change supervisor on Jacob Conklin and Cynthia Rivers to Sheila Nacey. Please change the org unit to correspond to Sheila.thx -----Original Message----- From: Nacey, Sheila Sent: Tuesday, November 20, 2001 5:01 PM To: Fagan, Fran Subject: PEP system Importance: High Fran, Two of my team members are not listed under me for the review process in PEP; Jacob Conklin & Cynthia Rivers. Would you please check this out. I assume they are still under Lynn. Thks! Sheila
{ "pile_set_name": "Enron Emails" }
Steve--I am at 925-600-2085, and Jim Macias is at 925-600-2306. Thanks.
{ "pile_set_name": "Enron Emails" }
Please take care of ---------------------- Forwarded by John Arnold/HOU/ECT on 09/07/2000 05:13 PM --------------------------- [email protected] on 09/07/2000 11:51:29 AM To: [email protected] cc: Subject: TIME SENSITIVE: Executive Impact & Influence Program Survey Executive Impact & Influence Program * IMMEDIATE ACTION REQUIRED - Do Not Delete * As part of the Executive Impact and Influence Program, each participant is asked to gather input on the participant's own management styles and practices as experienced by their immediate manager, each direct report, and up to eight peers/colleagues. You have been requested to provide feedback for a participant attending the next program. Your input (i.e., a Self assessment, Manager assessment, Direct Report assessment, or Peer/Colleague assessment) will be combined with the input of others and used by the program participant to develop an action plan to improve his/her management styles and practices. It is important that you complete this assessment NO LATER THAN CLOSE OF BUSINESS Thursday, September 14. Since the feedback is such an important part of the program, the participant will be asked to cancel his/her attendance if not enough feedback is received. Therefore, your feedback is critical. To complete your assessment, please click on the following link or simply open your internet browser and go to: http://www.fsddatasvc.com/enron Your unique ID for each participant you have been asked to rate is: Unique ID - Participant EMP74A - Phillip Allen If you experience technical problems, please call Dennis Ward at FSD Data Services, 713-942-8436. If you have any questions about this process, you may contact Debbie Nowak at Enron, 713-853-3304, or Christi Smith at Keilty, Goldsmith & Company, 858-450-2554. Thank you for your participation.
{ "pile_set_name": "Enron Emails" }
Nelson, I have booked the TDC deal for the remainder of the term. It is now in the Gulf3 book at Tenn/Zone1. If locations need to change, and I'm sure they will, please let me know and I will make sure it is hedged correctly. sitara #778201 also, if you could use the same sitara number every month for the central gas it would help make our reconciliation process much smoother. Thanks, Kam
{ "pile_set_name": "Enron Emails" }
In the next few days, you will receive your ID and temporary password for the Financial Data Warehouse / Business Objects from the ISC. When you do, take these three steps which will enable you to identify the additional reports and data items needed to perform your work: Logon and install Business Objects via the intranet; Review the existing Corporate Reports, and take the two ISC Training Courses for Business Objects (one is an on-line training courses available anytime and the other is a classroom style course where you get hands-on experience). First, logon to the Project Sunrise website and install the Business Objects web client: open your Microsoft Internet Explorer, enter the Project Sunrise site address sunrise.corp.enron.com into the address field and press enter, when prompted, enter your ID (with a capital P) and your temporary password follow the directions in the ISC's instructions that will be sent with your ID/password to install Business Objects over the intranet. (if this takes more than 3 minutes, call me at 3-9047). DO NOT GET BUSINESS OBJECTS INSTALLED BY THE IT GROUP, AS THIS IS THE WRONG VERSION (WINDOWS). then Refresh your Report List and start reviewing the reports. The ISC's instructions will also cover the steps to select and run reports, (but please call me with any issues). Second, review the existing reports in the "Corporate Documents" tab and identify the additional reports your need to perform your work and meet your customers' needs. Current report subjects include Cost Centers, Project Systems and on or about November 1st will also include Profit Centers, Consolidations, Accounts Payable and Accounts Receivable. Third, take the two training courses to learn how to analyze data in drill mode, add other data warehouse fields to existing reports, etc. Once you have this ability, you can also determine which additional data fields need to be added to the Financial Data Warehouse to complete your reporting requirements. To enroll in the on-line and classroom Business Objects courses, Logon to the Enron Learning Management site elm.enron.com scroll to the bottom of the first pages and select ISC Courses Scroll down to the middle of page two, click on Business Objects and enroll in the following: BusinessObjects On-line Training Course for Financial Reporting (BO 101) Price - none BusinessObjects Financial Reporting Basics (BO 202) Price - $250 Classroom/hands-on training. More information on training below and on ELM site. Project Sunrise is in the process of identifying and designing its final deliverable now, so we need to identify our reporting needs quickly. Thank you , Pat Cagney 3-9047
{ "pile_set_name": "Enron Emails" }
Have we suggested to FERC staff that they force the ISO and PX to open the "blackbox" to show how they determine dispatch? In addtion, if you are not on the distribution list for Belden's memo on utility behavior in California this summer, I will forward it to you. It suggests some other areas FERC ought to be looking into.
{ "pile_set_name": "Enron Emails" }
Love it! It is ind of a heavy one, though. Still, I'm always up for opera. We just need a sitter. Can't use my parebts because they'll be at Lisa Bowman's wedding. Shouldn't be too hard though. L M -------------------------- Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)
{ "pile_set_name": "Enron Emails" }
Did you mean to send this to Rebecca Mark, or Rebecca Macdonald? From: Mike McConnell 12/08/2000 09:59 AM To: Mark Frevert/NA/Enron@Enron, Rebecca P Mark/HOU/AZURIX@AZURIX, Jeffrey McMahon/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Raymond Bowen/HOU/ECT@ECT cc: Jeffrey A Shankman/HOU/ECT@ECT Subject: EGM business presentation All, Attached, for your information, is a copy of a general presentation that I prepared to illustrate and describe EGM's businesses. This is a presentation that will become a "living" document to communicate our businesses and growth. I will be making numerous changes as we move closer to the analyst meeting in January but I wanted to give everyone a copy of this version. Please don't hesitate to call me if you have any questions or comments. Mike
{ "pile_set_name": "Enron Emails" }
Thanks! >I'll be sure to let you know if I hear anything from any of the East coast >entities - NYISO, ISO-NE, and PJM. > > > > > (Embedded Enron Capital & Trade Resources Corp. > image moved > to file: From: "Lon L. Peters" > pic12268.pcx) <[email protected]> > 03/25/2001 06:21 PM > > > > > > >To: [email protected] >cc: [email protected] >Subject: Life After Enron > > >Mary, > >Best of luck in your new responsibilities. If you hear of any >opportunities for an economist at NE-ISO, please let me know. I'm >always interested in what might "lie beyond" (but not "beneath"). > >Actually, I recently responded to an ad at NE-ISO for an economist to >study market structures, but never heard back from them. Marcia and >I have family or good friends in NY, New Hampshire, Vermont, >Massachusetts, and Connecticut, and occasionally think that we should >move back, notwithstanding the winters . . . and the summers! > >Lon > > >I am going to be the Senior Regulatory Counsel at ISO New England starting > >on April 9, 2001. My last day in the Portland area will be March 31, > >2001. I enjoyed working with you and wish you the best of everything. My > >new address will be: > > > >Mary Hain > >Senior Regulatory Counsel > >ISO New England Inc. > >One Sullivan Road > >Holyoke, MA 01040-2841 > >(413) 535-4000 > >[email protected] > >(See attached file: Peters_CV.doc) >_________________________________ >Lon L. Peters >Northwest Economic Research, Inc. >6765 S.W. Preslynn Drive >Portland, Oregon 97225-2668 >503-203-1539 (voice) >503-203-1569 (fax) >503-709-5942 (mobile) >[email protected] > >NOTICE: This communication and its attachments, if any, may contain >sensitive, privileged, or other confidential information. If you are >not the intended recipient or believe that you have received this >communication in error, please notify the sender of this >communication and delete the copy you received from all storage >devices. In addition, please do not print, copy, retransmit, >forward, disseminate, or otherwise use this communication or its >attachments, if any. Thank you. > > > >Content-type: application/octet-stream; > name="pic12268.pcx" >Content-Disposition: attachment; filename="pic12268.pcx" > >Attachment converted: Macintosh HD:pic12268.pcx (????/----) (0005E5F7) >Attachment converted: Macintosh HD:Peters_CV.doc 1 (WDBN/MSWD) (0005E5F8) _________________________________ Lon L. Peters Northwest Economic Research, Inc. 6765 S.W. Preslynn Drive Portland, Oregon 97225-2668 503-203-1539 (voice) 503-203-1569 (fax) 503-709-5942 (mobile) [email protected] NOTICE: This communication and its attachments, if any, may contain sensitive, privileged, or other confidential information. If you are not the intended recipient or believe that you have received this communication in error, please notify the sender of this communication and delete the copy you received from all storage devices. In addition, please do not print, copy, retransmit, forward, disseminate, or otherwise use this communication or its attachments, if any. Thank you.
{ "pile_set_name": "Enron Emails" }
Check out the latest version of Enron Business Online at home.enron.com. Click on Publications, then on Enron Business and "Volume 4, 2000." In this issue, try your hand again at our Top 10 List ) winners will receive $25 gift certificates to the Signature Shop! Featured in this issue: ? Enron Net Works' unique eCommerce incubator; ? Project Gem improves Enron's worldwide systems; ? The year of communication and how we,re doing; ? Enron becomes a major player in world metals trading; ? Nigeria's breakthrough power deal; and ? The answers to last issue's "Enron Stumpers" quiz. Sorry, we had no winners.
{ "pile_set_name": "Enron Emails" }
Heather, I am glad to hear you (and your car) are o.k. We did not have any problems. Those pictures are amazing! The video of I-10 was unbelievable. Dan and Marianne went to I-10 and saw the flooding in person. He said the video on tv did not really show how bad it was. Is there an estimate on when B & P will be back in their offices? It would be nice for you to have a couple of days off. Stacy P.S. I heard that Monica Jordan Richards left Enron and went to Entergy.
{ "pile_set_name": "Enron Emails" }
Attached is an updated Timetable detailing the critical path issues of the Fort Pierce Repowering Project. Specifically, note items scheduled for completion during the next two weeks, such as: Internal/External review and execution of the Land Lease Option, Ground Lease and Project Development Agreement Preparation of an EPC contract Site visit to an existing, enclosed 7FA and HRSG (Coyote Springs appears to be the best option) Review and prepare applications for an air permit, an ERP (if necessary), special use permit, waste water permit and interconnect request Let me know of ANY conflicts, concerns or adjustments associated with the attached. Thanks again for your help, Mathew
{ "pile_set_name": "Enron Emails" }
I will ask Keoni about this. -----Original Message----- From: Stokley, Chris Sent: Tuesday, June 19, 2001 10:07 AM To: Reyes, Jim Subject: RE: Activity Charges-6/15/01 Jim, We are missing one significant piece of info in this document. We need to add the charges associated Positive and Negative Load Deviation (Penalty Charges). I don't think that there are any for Positive Dev., but I know that there are charges associated to Neg. Dev. Chris -----Original Message----- From: Reyes, Jim Sent: Tuesday, June 19, 2001 9:56 AM To: Stokley, Chris Subject: RE: Activity Charges-6/15/01 << File: Activity Charges Keoni.doc >> There you go! How is Houston? -----Original Message----- From: Stokley, Chris Sent: Tuesday, June 19, 2001 9:54 AM To: Reyes, Jim Subject: RE: Activity Charges-6/15/01 Please forward me the version w/ Keoni's comments. -----Original Message----- From: Reyes, Jim Sent: Tuesday, June 19, 2001 9:50 AM To: DL-Portland Volume Mgmt Subject: Activity Charges-6/15/01 << File: Activity Charges Keoni no edits.doc >> Harvey had created the above document that shows the ISO Charges that occur due Firm and Non-Firm Imports and Exports and Load. I had Keoni look it over and edit Harvey's file...And here is the version not showing Keoni's edits. Jim
{ "pile_set_name": "Enron Emails" }
> Notice No. 01-350 > October 22, 2001 > > > > TO: All COMEX Division Members/Member Firms > All COMEX Division Clearing Members > All COMEX Division Floor Traders > All COMEX Division Operations Managers > > FROM: Michael Campanelli, Vice President > Floor Operations / COMEX Division > > RE: Options Expiration Operational Procedures for the Trading > Floor and Clearing Members - Shortened Hours > __________________________________________________________________________ > ____ > > The expiration date for the November 2001 options contract for Copper (HX > X1) is Friday, October 26, 2001. > > GENERAL OPERATIONAL PROCEDURES > > All Clearing Members and Qualified Floor Traders that carried an options > position as of the close of business day prior to the expiration day, or > engaged in trading activity on Expiration Day in the expiring options > contract will be required to have a knowledgeable, duly authorized on-line > trade entry ("OLTE") system trained representative available until > released by the Exchange staff. All adjustments and/or corrections, must > be accompanied by relevant supporting documentation prior to being > incorporated into expiration processing, in essence making the expiration > processing an extension of the afternoon trade resolution procedures. > > Exchange Clearing (299-2110) and Trade Processing (299-2465 and 299-2044) > personnel will be available to assist with the processing of notices of > Exercise and Abandonment, position transfers, trade corrections and other > questions or problems you may have. > > Failure by any Clearing Member or qualified Floor Trader to comply with > procedures as outlined herein may result in severe disciplinary action by > the Exchange and potential financial liability to customers or members for > failure to exercise diligence in the processing of information. > > TRADING FLOOR OPERATIONAL PROCEDURES > > > The following schedule of operational procedures is based on shortened > trading hours as described in Notice to Members # 01-333 > (http://www.nymex.com/refernce/notices/2001/ntm_333.htm) > > Trading in the November 2001 Copper Options Contract will cease at 1:00 > P.M. on October 26, 2001. All Brokers and Traders must inform their > Clearing Members of their intentions to exercise or abandon such Options > by 3:00 P.M. > > On Friday, October 26, 2001, all Brokers and Clearing Members must have a > duly authorized, On-Line Trade Entry ("OLTE") system trained > representative available until such time as the Exchange deems necessary. > > NOTE: After 3:30 P.M. all expiring option trade data must be inputted on > special "OLTE" terminals located in the Trade Processing Room. Any other > means of submission will be rejected by the Exchange. Members will be > able to submit all other trade data until 4:00 P.M. > > After the Unmatched Trade Reports and the Preliminary Spot Month Matched > Trade Reports are displayed, Clearing Member representatives will be able > to pick up their Preliminary Clearing reports at the Clearing Department. > > A final review of all submissions will be made. The Supervisor of the > Trade Processing Room will detain only those Clearing Members and/or > Broker representatives involved. All final corrections will be made at > this time and upon determination of the Supervisor that all option > processing is complete, all representatives will be released. > > Exchange Reports based on Friday's submissions and processing will be > available on Monday morning October 29, 2001. > > In the event that you have any questions regarding these trading floor > procedures please contact Michael Campanelli at (212) 299-2072 or David > Sherman at (212) 299-2061. > > CLEARING DEPARTMENT OPERATIONAL PROCEDURES > > 1. OPEN POSITION CONFIRMATION ("OPC") - The OPC should reflect as > accurately as possible all futures and options gross positions as of > close-of business on the business day prior to expiration. Review the > estimated current gross positions as shown and make appropriate > adjustments. The OPC must be submitted not later than 9:00 A.M. > > 2. OPTIONS EXERCISE/ABANDONMENT REQUESTS FORM ("E/A") - An expiring > option with a strike price in-the-money by one tick or more will be > subject to automatic exercise unless an Option Abandonment Request form is > submitted advising that a Clearing Member ("CM") elects to abandon some or > all of its position in that strike price (i.e., for the option series). > All other options series in the expiring month will be subject to > automatic abandonment unless an Option Exercise Request form is submitted. > When submitting an E/A form, please note the following: > > (a) An E/A form must be submitted not later than 4:00 PM. > (b) Do not submit an Exercise form for positions in strike prices which > are subject to automatic > Exercise nor submit an Abandonment form for positions in strike > prices which are subject to automatic abandonment. > (c) If a CM wishes to submit an E/A form to abandon a position in a > strike price subject to automatic exercise or wishes to exercise a > position in a strike price which is out of the money, it is necessary to > notify Clearing by telephone of such anticipated action. The CM must have > an officer available to confirm such intention. > (d) CMs may secure from Clearing a time-stamped receipt of the CM copy > to assure submission of the CM's E/A forms. > > 3. OPTION POSITION REDUCTION REQUEST FORM ("OPRR") - As a general rule, > purchases and sales of option contracts are presumed to be new business. > If some or all of your purchases and sales are in fact undertaken for > position liquidation purposes, OPRR forms may be submitted on the day of > expiration and will be used in conjunction with trade data to reduce your > projected position in an expiring contract. OPRR requests in excess of > actual traded volume will be rejected. Exception: Cabinet trades and > cancel correction trades will automatically liquidate existing positions, > therefore do not submit an OPRR form for cabinet or cancel correction > trades. > The OPRR form must be submitted not later than 4:00 PM. > > 4. HOUSE/CUSTOMER POSITION TRANSFER REQUEST FORM ("H/C") - H/C forms > may be used only to transfer previously cleared contracts between a CM's > house and customer accounts. Problem trades (those which have not cleared > prior to expiration day) must be corrected using COMEX's on-line trade > entry system under the direct supervision of the Trade Audits Department > of COMEX ("Trade Audits"). The H/C form must be submitted not later than > 2:30 PM. > > 5. EX-PIT POSITION TRANSFER REQUEST FORM ("Ex-Pit") - Ex Pit forms may > be used only to transfer previously cleared contracts between CMs. > Problem trades (those which have not cleared prior to expiration day) must > be corrected on the on-line trade entry system under the direct > supervision of Trade Audits. The Ex-Pit form must be submitted not later > than 2:30 PM. > > ***** > A) At approximately 3:15 PM, two PRELIMINARY reports of the expiration > process will be available for distribution at the NYMEX Clearing > Department: > 1. OPTION EXPIRATION REPORT AND CONFIRMATION - The purpose of this > report is to project the CM's present position going into the expiration > based upon the transactions which have already been submitted to Clearing. > CMs should review and modify their adjusted gross positions as of > close-of-business on the business day prior to expiration. Further > adjustments may be submitted not later than 4:00 PM. The projected ending > gross positions will reflect transactions accepted or rejected for > clearance on expiration night, inclusive of Ex-Pit, H/C and OPRR > transactions which have been submitted to Clearing prior to 2:30 PM, and > trade information submitted to COMEX prior to 2:45 PM. Normally, this > report will also reflect manually submitted Exercise and Abandonment > instructions, the projected number of exercises and maximum potential > assignments for each strike price, the type of exercise (manual or > automatic), whether the strike is In, At or Out of the money, and the > exercise value associated therewith based on settlement prices established > by COMEX on the day of expiration. > > 2. TRANSACTION LISTING - This listing will include in detail all > expiring option trades submitted to COMEX prior to 2:45 PM on expiration > day, and all H/C, ExPit, OPRR and E/A transactions submitted to Clearing > Prior to 2:30 PM. > > Please note: Trade information reflected on the option expiration report > and transaction listing are trades submitted only. To inquire whether > trades have matched, each CM must review the trade reports provided by > COMEX's On-Line Trade Entry ("OLTE") system. > > B) At approximately 4:30 PM, FINAL reports of the expiration process, > including all submissions to Clearing and trade information submitted to > COMEX made by 4:00 PM, will be available for distribution at the NYMEX > Clearing Department. > > C) At 4:45 PM, Preliminary In The Money Abandonment and Out Of The > Money Exercise information will be announced on Fast Facts. > > D) At Approximately 6:30 PM, a Final Notice of Exercise/Assignments > will be available in each CM's lockbox located at the NYMEX Clearing > Department. Each CM which has exercised or been assigned one or more > options will receive a separate statement showing exercises and/or > assignments for each option series. Please check this statement > carefully. Although long options positions in-the-money by one tick or > more will be automatically exercised, not all short option positions will > be assigned if there are any options manually abandoned at such strike > prices. Please note that there also may be some at or out-of-the money > options being exercised. > > E) At approximately 8:00 PM, the final set of clearing sheets will be > available in each CM's lockbox located at the NYMEX Clearing Department. > > It is strongly recommended that each CM have a representative(s) that is > properly trained to handle the option expiration process available > beginning at 3:15 PM and who will receive the CM's reports at the specific > times. It is solely the responsibility of the CM to review these reports > and to notify the Clearing staff immediately of any discrepancies. > > To obtain the exact time of the availability for each report, clearing > members should call (212) 301-4871, access code 701. The announcement > time will occur 1/2 hour prior to availability. > > Attached please find a Clearing Member Procedure Summary for ease of > reference. Please contact Anthony DiBenedetto at (212) 299-2152 or John > Ramos at (212) 299-2142 if you have any questions. > > <<OPTIEXPI(ShortndSchdl).xls>> - OPTIEXPI(ShortndSchdl).xls
{ "pile_set_name": "Enron Emails" }
---------------------- Forwarded by Alan Comnes/PDX/ECT on 05/01/2001 12:46 PM --------------------------- Alan Comnes 04/11/2001 02:02 PM To: [email protected], [email protected], [email protected], Susan J Mara/NA/Enron@ENRON, Tim Heizenrader/PDX/ECT@ECT, [email protected] cc: Subject: LADWP, BC Hydro, Bonneville Accused of Gouging California The identities refered to in this article apparently relate to Sheffrin's study. ---------------------- Forwarded by Alan Comnes/PDX/ECT on 04/11/2001 02:08 PM --------------------------- From: Jeff Dasovich@ENRON on 04/11/2001 11:49 AM CDT Sent by: Jeff Dasovich@ENRON To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT, Christina Liscano/HOU/EES@EES, Craig H Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Douglas Huth/HOU/EES@EES, Edward Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Gayle W Muench/HOU/EES@EES, Ginger Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES, James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, Jeff Messina/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, [email protected], Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Rosalinda Tijerina/HOU/EES@EES, Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES, [email protected], Tanya Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S Bradford/HOU/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, Jubran Whalan/HOU/EES@EES, [email protected], Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Wolfe/HOU/ECT@ECT, James Wright/Western Region/The Bentley Company@Exchange, Dirk vanUlden/Western Region/The Bentley Company@Exchange, Steve Walker/SFO/EES@EES, Jennifer Rudolph/HOU/EES@EES, [email protected], Scott Govenar <[email protected]>, Hedy Govenar <[email protected]> @ ENRON, [email protected], Mike D Smith/HOU/EES@EES, Janel Guerrero/Corp/Enron@Enron, Eric Letke/DUB/EES@EES, Richard B Sanders/HOU/ECT@ECT, [email protected], Michael Tribolet/ENRON@enronXgate, Robert Frank/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Mercy Gil/Enron@EnronXGate, Jennifer Thome/NA/Enron@Enron, David Leboe/HOU/ECT@ECT, Linda Robertson/NA/Enron@ENRON, Tom Briggs/NA/Enron@Enron, Donna Fulton/Corp/Enron@ENRON cc: Subject: LADWP, BC Hydro, Bonneville Accused of Gouging California Energy Cost Study Critical of Public Agencies Too Power: DWP is among three government-run producers cited as driving prices up. Spokesmen deny any market manipulation. By ROBERT J. LOPEZ, RICH CONNELL, Times Staff Writers ????Government-owned utilities, including the Los Angeles Department of Water and Power, were influential in driving wholesale electricity prices to levels that helped ignite California's exploding energy crisis during the summer and fall, according to public and confidential records. ?????For months, Gov. Gray Davis, legislators and consumer advocates have chiefly blamed a few private power companies for throwing the state into darkness and economic chaos. ?????But they are just part of the equation. ?????A confidential document obtained by The Times names power providers that have allegedly manipulated the electricity market. While the document does identify out-of-state merchants criticized for gouging, it also discloses for the first time the extent to which public entities allegedly have maximized profits in the volatile spot market. ?????The document--which decodes the identities of unnamed suppliers in a recent state study--singles out three government-run agencies as consistently trying to inflate prices. They are: the DWP, the federally owned Bonneville Power Administration in the Pacific Northwest and the trading arm of Canada's BC Hydro in British Columbia. ?????Like a number of privately owned generators, these three producers offered power at a range of high prices and, sometimes, in large amounts when the state was most desperate. They also helped saddle California's three largest utilities with billions of dollars in debt--leading one, Pacific Gas & Electric, to seek bankruptcy protection last week. ?????The study by the California Independent System Operator, or Cal-ISO, analyzed thousands of hours of bidding practices for 20 large suppliers in the spot, or "real-time," market from May to November. The study accounted for factors such as rising production costs, increased demand, periods of scarcity and profits that would be earned in a healthy, competitive market. ?????Money earned above that was called excess profits. ?????No entity--public or private--earned as much in alleged excess profits as British Columbia's Powerex, the state records show. ?????"They were the most aggressive bidders," said Anjali Sheffrin, author of the coded study. ?????"They had the most amount to bid and the most freedom to bid it in," said Sheffrin, who did not discuss any companies by name. ?????The Canadian agency reaped $176 million in alleged excessive profits--several times the amount collected by all but one of the private generators. Second on the list was Atlanta-based Southern Co. Energy Marketing, now called Mirant, which collected nearly $97 million in alleged inflated earnings. ?????BC Hydro and Mirant--along with the DWP and other producers--say they played by the rules established under California's flawed deregulation plan and did not exploit the state's troubles. ?????But BC Hydro officials acknowledge that they did anticipate periods of severe power shortages and planned for them by letting their reservoirs rise overnight and then opening them to create hydroelectricity, which could be produced inexpensively but sold for a premium. ?????"It was the marketplace that determined what the price of electricity would be at any given time," said BC Hydro spokesman Wayne Cousins. "We helped keep the lights on in California." ?????And the rates low for their own customers. During the past year, BC Hydro has stashed hundreds of millions dollars in a "rainy day" account to ensure that it has among the lowest rates in North America. ?????Los Angeles' Department of Water and Power, although eighth on the list of alleged profiteers, was among those singled out for seeking high prices during periods of high demand that helped inflate costs across the entire spot market, where emergency purchases are made. ?????This, according to state documents, was accomplished by offering power at incrementally higher prices that would rise substantially with even modest increases in demand. The strategy also helped prop up prices, keeping them from falling. ?????The DWP's average hourly bid, or asking price, for electricity ultimately bought topped such private sellers as Reliant Energy of Houston and Tulsa-based Williams Cos., two major players in the national energy market. ?????In addition, the DWP submitted other bids at far higher prices that could pay off handsomely with even small bumps in demand, the report said, referring by code to DWP and four other suppliers. "The data shows they clearly exercised market power to inflate prices further at higher load conditions." ?????DWP General Manager S. David Freeman called the report's findings "outrageous," insisting that the utility never tried to inflate prices. ?????"These charges go under the heading there is no good deed that goes unpunished in this state," Freeman said, noting that DWP power helped avert more blackouts across the state. ?????He did acknowledge, however, that the agency has charged high prices for surplus power at the 11th hour but said that was only because it cost more to produce. ?????"We have consistently charged [Cal-ISO] our cost, plus 15%," he said. "It's not as though we're up there peddling a bunch of power to jam it down their throats." ?????Freeman said that when his staff reviewed the coded report, they never took it personally. "If you're innocent," he said, "you don't look at the criminal file." ?????Yet another public agency criticized for its behavior in California's deregulated market was the U.S. government's Bonneville Power Administration, a nonprofit agency that sells wholesale electricity produced at 29 federal dams in the Columbia-Snake River basin. ?????Bonneville actually bid slightly lower than the DWP, records show, but reaped millions more in alleged excessive profits, apparently because it supplied greater amounts of power during the period studied. Bonneville was in the top five accused of taking excessive profits. ?????Bonneville officials say some of its profits are used to pay back federal construction loans and fund an internationally recognized salmon recovery program. ?????Stephen Oliver, a Bonneville vice president, said his agency did not act improperly and has asked Cal-ISO for detailed information on how it reached its conclusions. He said the grid operator often came to Bonneville pleading for last-minute electricity and offering to pay high prices. ?????"From our point of view, we bid what we had when we had it and we operated precisely within the terms of their rules," Oliver said. ?????Those rules--and the bidding practices criticized by Cal-ISO--so distorted the market that Aquila Power Corp. of Missouri, which tried to act responsibly, has bailed out. ?????It offered the lowest average hourly price of any supplier studied--slightly more than $8 per megawatt-hour, compared to Mirant's $138, the highest. ?????But the spot market, as initially designed, made sure that all suppliers offering power received the highest price paid in any hour. ?????The result: Aquila collected $171 an hour for power it was willing to sell at a single-digit price. ?????"They weren't the culprits," said Cal-ISO's Sheffrin. "Someone else drove that up." ?????Aquila spokesman Al Butkus said the company pulled out of the California market because it was too unpredictable. Although the company made money, he said, it also could have lost because of possible downward swings. ?????"We looked at it and we didn't feel very comfortable with what we saw," he said. ?????The market has since been adjusted to prevent high bids from setting the price for everyone. But Sheffrin said it hasn't made much difference because the overall prices are still excessive. ?????"We're saying the patient is sick," Sheffrin said of California's electricity market. "It needs help [and] may die." ?????
{ "pile_set_name": "Enron Emails" }
Attached please find data requests PG-BPA:132 - PG-BPA:134. <<PG-BPA-132.doc>> <<PG-BPA-133.doc>> <<PG-BPA-134.doc>> Kelly C. Beniga kbeniga @ schwabe.com (503) 796-2445 NOTICE: This communication may contain privileged or other confidential information. If you are not the intended recipient or believe that you may have received this communication in error, please reply to the sender indicating that fact and delete the copy you received. In addition, you should not print, copy, retransmit, disseminate, or otherwise use the information. Thank you. - PG-BPA-132.doc - PG-BPA-133.doc - PG-BPA-134.doc
{ "pile_set_name": "Enron Emails" }
Doesn't make a lot of sense. We don't have any offices in Dallas that I am aware of and his name or anything closely resembling it is not in our employee listings. -----Original Message----- From: ZOOEY WHARTON [mailto:[email protected]] Sent: Tuesday, August 28, 2001 9:44 AM To: Husband (E-mail) Subject: FW: RE Enron Hey, do you know Phillip at all? One of the Bell lawyers that Dad talks to says he is pals with him and would talk to him about me if need be ... Wif -----Original Message----- From: Wharton, Roger [mailto:[email protected]] Sent: Tuesday, August 28, 2001 9:11 AM To: Zooey Wharton (E-mail) Subject: RE Enron Zooey name of Enron lawyer we talked about yesterday is Phillip Islip. Believe he is based up here in Dallas if that makes sense. Love Dad. See you Friday night.
{ "pile_set_name": "Enron Emails" }
Sara and I met with Richard Sanders today to resolve some questions that we had concerning the arbitration and process agent language in our forms and here is what we concluded needed to be done: 1. If arbitration is chosen, there is no need to insert Waiver of Jury Trial language 2. Pending discussions that he will be having with Mark Haedicke and Jim Derrick, no chnages need to be made to our arbitration language. 3. Our Process Agent language will be revised such that under all circumstances it will say the following: Party A appoints as its Process Agent , ____________, having an office in ________________ on the date of this Agreement at __________________. Party B appoints as its Process Agent, __________________, having an office in _______________ on the date of this Agreement at ______________. Susan Bailey, Could you please get from our corporate secretary's office the information that we need to fill in the blanks for ENA and ECC? If you have any questions, please call me or Sara. Carol
{ "pile_set_name": "Enron Emails" }
Details of the upcoming Energy Derivatives Conference are now posted at http://www.arts.uwaterloo.ca/finance/edconf.htm I look forward to receiving your papers by May 5. Thank you, Amy (for P.P. Boyle) ************************************** Amy Aldous, Conference Co-ordinator Centre for Advanced Studies in Finance University of Waterloo Waterloo, ON N2L 3G1 Tel: (519) 888-4567 ext. 5728 Fax: (519) 888-7562 Email: [email protected] **************************************
{ "pile_set_name": "Enron Emails" }
REMINDER!!!! Your are enrolled in the following. What: Power Marketing When: May 22 & 23, 2001 Where: EB552 Time: 8am - 5pm (both days) Note: If available, please bring a financial calculator with you to class. Last day to cancel this class is today. Gracie 3-3985
{ "pile_set_name": "Enron Emails" }
I take that back - the deal contains liquidated strips and cannot be killed - that's why it's zeroed out. Kimberly Hundl@ENRON 03/05/2001 01:36 PM To: Kate Symes/PDX/ECT@ECT cc: Sharen Cason/HOU/ECT@ECT, Amy Smith/ENRON@enronXgate Subject: EESI deal #536810 Hi Kate This deal has 0 volume. Is it correct? if so, do we need to confirm it? Thanks! Kim
{ "pile_set_name": "Enron Emails" }
Final Update..... I went to see Dorothy, Tim and the new baby on Sunday. He is absolutely beautiful and Dorothy and Tim couldn't be prouder parents. His name is.....Drake Andrew Dalton and that name suits him just fine! Thanks.
{ "pile_set_name": "Enron Emails" }
Chris, We would like to claim Brent Dornier for the west when he begins his Trading Track rotation. What are your thoughts? Grigsby -----Original Message----- From: Buckley, Karen Sent: Monday, November 12, 2001 1:47 PM To: Grigsby, Mike Subject: RE: Brent Dornier Hi Mike, Yes, I have him initially put him down for Gas Fundies and spoke to Gaskill about your interest in having him assigned to you from there. Kind regards, Karen. -----Original Message----- From: Grigsby, Mike Sent: Monday, November 12, 2001 1:46 PM To: Buckley, Karen Subject: Brent Dornier Keith Holst, from our west desk, met with Brent Dornier last week in London and Brent mentioned that he might be interested in joining the west gas trading desk. We would like try and get him for his first Trading Track rotation. Thanks, Mike Grigsby
{ "pile_set_name": "Enron Emails" }
(See attached file: HPLN0227.xls) - HPLN0227.xls
{ "pile_set_name": "Enron Emails" }
Alberto, If the meeting with the Governor is on for Thursday, lets try to have a meeting with Rafael on Friday. Could you please try to arrange the meeting for both of us?, let me know please. With regard to majority stakes, we have indicated in several ocassions that Enron would be more than willing to increase PDVSA"s (in this case the government) stake to a higher number. So, I don't really believe this should be a showstopper for Jose. On the other hand, although we will have to see the by-laws and shareholders agreements to be precise, a 33% stakes gives you nothing more than a simple majority. Still, Shell and Exxon together clearly control the venture. It is also stupid to say that "not in a single country in the world.......". How about Trinidad for example. I'm not sure if he is referring to the Governments or companies?. We can clear this up in our meeting with him. Let me know if and when is he available to meet. Thansk a lot, Emilio -----Original Message----- From: Levy, Alberto Sent: Tuesday, September 04, 2001 11:27 AM To: Vicens, Emilio; Caranti, Guido; Gerstandt, Neal Cc: Shapiro, Richard Subject: Head of Regulatory Agency Ramirez comments to the press Greetings, Yesterday Rafael Ramirez, head of the gas regulator ENAGAS, said that PDVSA will hold a majority stake in the Venezuelan LNG project (PDVSA 33%, Shell 30%, ExxonMobil 29% and Mitsubishi 8%). The partners already signed an MOU reflecting these proportions. The increment is because of a requirement in the draft of the Hydrocarbons Law. He justifies this requirement, based on the "strategic characteristics" of the commodity, saying that "not in a single country in the world, the owner of the resource has a minority stake." Perhaps this is the showstopper to the Jose LNG project. Moreover, Ramirez adds that "in a particular moment in time there were doubts about the feasibility of serving both domestic and export markets, but a multidisciplinary committee approved the project." This clears the gas deficit issue. Below you'll fing the news clip (in Spanish, sorry). I suggest having a meeting with Ramirez to determine if this is the issue. Please advise. Regards, ALF Martes, 4 de septiembre de 2001 PDVSA ser? socio mayoritario en Venezuela GNL Entre los detalles que afina el alto Gobierno con respecto al proyecto Venezuela Gas Natural Licuado se encuentra el incremento de la participaci?n accionaria de Petr?leos de Venezuela prevista en el anteproyecto de Ley de Hidrocarburos . El argumento lo explica Rafael Ram?rez, presidente de Enegas, quien indica que "el Ministerio aprob? que vamos a ir a una mayor?a accionaria en el proyecto (...) en ning?n pa?s del mundo, el due?o de los recursos va con participaci?n minoritaria". De acuerdo al Memor?ndum de Entendimiento firmado entre los socios, PDVSA cuenta con 33% de las acciones, seguido de Shell con 30%, ExxonMobil 29% y Mitsubishi 8%. Caracas, martes 04 de septiembre, 2001 GAS /// Ejecutivo afina ?ltimos detalles Pdvsa ser? socio mayor en Venezuela GNL Rafael Ram?rez inform? avances de acuerdo binacional con Noruega Para Enegas el car?cter estrat?gico del gas obliga a aumentar la participaci?n de Pdvsa PATRICIA VENTURA NICOLAS EL UNIVERSAL Entre los detalles que afina el alto Gobierno con respecto al proyecto Venezuela Gas Natural Licuado se encuentra el incremento de la participaci?n accionaria de Petr?leos de Venezuela prevista en el anteproyecto de Ley de Hidrocarburos. El argumento lo explica Rafael Ram?rez, presidente de Enegas, quien indica que 'el Ministerio aprob? que vamos a ir a una mayor?a accionaria en el proyecto (...) en ning?n pa?s del mundo, el due?o de los recursos va con participaci?n minoritaria'. De acuerdo al Memor?ndum de Entendimiento firmado entre los socios, Pdvsa cuenta con 33% de las acciones, seguido de Shell con 30%, ExxonMobil 29% y Mitsubishi 8%. 'El gas va a ser estrat?gico, es la energ?a del futuro. No vemos raz?n por qu? si tenemos la magnitud de reservas que tenemos. Si tenemos la operadora tan buena que tenemos, tenemos que ir en minor?a accionaria', coment? Ram?rez, ratificando la tasa completa de 20% en las regal?as establecida en el marco jur?dico. Aunque a?n se siguen afinando ciertos detalles, el proyecto Venezuela GNL tiene claro su futuro como exportador. En alg?n momento se dud? sobre la factibilidad de atender ambos mercados (dom?stico e internacional), pero un comit? multidisciplinario otorg? el visto bueno. Como parte de este proyecto e ?ntimamente relacionado con el desarrollo de la Plataforma Deltana, se adelanta la firma de un acuerdo con el Gobierno noruego para compartir experiencias costa afuera, tras la visita de una delegaci?n venezolana a la naci?n europea. 'La gerencia de Diego Uzc?tegui en Pdvsa ha identificado oportunidades de negocio para el sector nacional de m?s de 50% de los requerimientos que all? se necesitar?n (...) Noruega tiene una experiencia excelente en apalancamiento del sector privado a trav?s de sus inversiones', indic? Ram?rez.
{ "pile_set_name": "Enron Emails" }
meeting up at 8 is fine i am going to the gym to see how my back is , i still feel something but it is not like before so i will see i will call you later -----Original Message----- From: Quigley, Kay Sent: Friday, August 10, 2001 4:10 PM To: Quigley, Dutch Subject: Re: okay- had a meeting this morning with a new prospect and then filled out a complaint at the dry cleaners on a shirt they shrunk of mine I am going to stop by a going away party for a guy in my group with Kathleen from 6-7 then my friend Steinum's going away is at 9pm at State Bar So was wondering if we can catch up around 8 and grab a late dinner so that we could stop by State bar so I could say goodbye to Steinum does that sound groovy with you?? or do you want to come with us at 6 too?? love me From: Dutch Quigley/ENRON@enronXgate on 08/10/2001 03:52 PM To: Kay Quigley/HOU/EES@EES cc: Subject: how was your day baby dq
{ "pile_set_name": "Enron Emails" }
FYI ----- Forwarded by Steve Van Hooser/HOU/ECT on 08/18/2000 03:06 PM ----- Chris Meyer 08/18/2000 10:13 AM To: Steve Van Hooser/HOU/ECT@ECT, Mark Whitt/DEN/ECT@Enron cc: Subject: Revised Trailblazer Open Season packet Steve and Mark - here it is. Trailblazer will not allow any changes to this document. Steve - please print out two and initial. I'll walk up and get them. Our bid and P.A. must be fax'd by 5:00 p.m. today. The open season bid form and the P.A. will not be sent to Trailblazer without an Executed Transaction Agreement with Huber (Shelia Tweed is working on this with Mark). chris
{ "pile_set_name": "Enron Emails" }
Attached is a new draft of the letter to John Pope with all comments received. Dick Ingersoll will send this out to TVA tomorrow. If you have any other additions, please get them to me today.
{ "pile_set_name": "Enron Emails" }
Norma, Any progress on the Green Card for Sevile? Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/08/2001 04:06 PM --------------------------- Sevil Yaman@ENRON 03/08/2001 04:01 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Norma Villarreal/HOU/ECT Subject: green card Vince, I haven't heard back from HR regarding my immigration status, yet. Could you please direct me to the source where I can get information about my immigration status? Thank you. Sevil,
{ "pile_set_name": "Enron Emails" }
Hi Rose, Was the Blue Dog override letter signed for TurboPark? I didn't see it in the TurboPark closing docs. Of course, I could have missed it. Thanks, Kay
{ "pile_set_name": "Enron Emails" }
Sorry about that. It is this Saturday. I thought I sent you the original, my bad. You are welcome to come. It should be lots of fun. Show up around 7 or so. See you then. Elizah
{ "pile_set_name": "Enron Emails" }
Monika, The telephone number for the Center for the Retarded is (713) 525-8400. Peggy
{ "pile_set_name": "Enron Emails" }
-----Original Message----- From: Parthasarathy, Perry [mailto:[email protected]] Sent: Tuesday, October 02, 2001 12:37 PM To: Causholli, Monika Cc: Temple, Dan; '[email protected]' Subject: Fiber Morphology-Original Spreadsheet monika and dave, as mentioned during our phone conversation, i am enclosing the original spread sheet that was developed to capture both the morphological aspects of various fibers as well the pulp qualities for different wood species. also, the spreadsheet that dan T has provided with by enron, under fiber morphology , and under hardwood broadleaf species, southern mixed hardwood (Hi Oak and Low Oak) and mixed tropical hardwoods are listed. for this category only pulp characteristics can be provided but not fiber morphology. so, please check that too. if you have questions, please call me ((864) 676-5636) or dan T. thanks. Dr. Perry Parthasarathy <<Enron_Fiber_Pulp_Properties.xls>> ============================================================================================ NOTICE - This communication may contain confidential and privileged information that is for the sole use of the intended recipient. Any viewing, copying or distribution of, or reliance on this message by unintended recipients is strictly prohibited. If you have received this message in error, please notify us immediately by replying to the message and deleting it from your computer. ==============================================================================
{ "pile_set_name": "Enron Emails" }
Today, I announce my departure from Enron. Enron is a great company and I have enjoyed working with our terrific employees over the last eight years. Together, we have made Enron a successful global company. With Enron,s decreased emphasis on international asset development activity, however, I have decided to pursue opportunities where I can make greater use of my skills and experience. I leave Enron with wonderful memories of our employees and the many successes we have achieved together. You have my best wishes for Enron,s continued success. Joe
{ "pile_set_name": "Enron Emails" }
here's one with his eyes open. :-) mom __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - cam4.jpg
{ "pile_set_name": "Enron Emails" }
Yes, please keep me in mind during the audit process. We need to ensure that all traders and book admins that support them are informed before any account closures, Thanks David From: Sara Shackleton on 06/12/2000 08:01 AM To: David P Dupre/HOU/ECT@ECT cc: Subject: Re: Cargill We are in the process of auditing/monitoring all accounts. It is possible that after due notice, we will commence with the closure of unutilized account.s. Please call if you have any questions. Sara David P Dupre 06/11/2000 01:45 PM To: Sara Shackleton/HOU/ECT@ECT cc: Subject: Cargill Hi Sara, I met with accounting regarding these amounts. I will be forwarding a copy to you. We have a total of .77 cents remaining in our account with Cargill. Since we have several acounts in addition to Crude Oil, it is my recommendation that we do not cancel the account as traders may want to utilize Cargill for other commodities. Regards, David From: Sara Shackleton on 05/25/2000 08:12 AM To: David P Dupre/HOU/ECT@ECT cc: Subject: Re: update What were the dollar amounts on the printout that you sent to me? David P Dupre 05/24/2000 06:06 PM To: Sara Shackleton/HOU/ECT@ECT cc: Subject: update Cargill said that we do not have a line of credit nor do we have money sitting in an account with them. The account is inactive at this time. Let's review our next step when you have an opportunity. Thanks David
{ "pile_set_name": "Enron Emails" }
With Laura Tyson's complete and unwavering commitment to this project, we can now move ahead. I have not as yet decided whether it makes most sense to do this through LECG alone, or jointly through LECG and UC. The latter is quite possible. Let's figure out what's appropriate, given LECG's and the University's complex conflict of interest and conflict of commitment rules. We will certainly get the job done and stay well within any rules which may be pertinent. Hence, for the meantime at least, let's think of this project as a hybrid. I believe the ball is now in your court to "sell" this to an industry consortium. I am of course willing to help if necessary. -- David PS -- I believe Tom Campbell will join the team enthusiastically after January 7th when his term in the House expires. Tom and Laura are exceptionally talented and can work together. (See attached file: Industry Collaborative Electricity Market Study.doc) - Industry Collaborative Electricity Market Study.doc
{ "pile_set_name": "Enron Emails" }
Looks good. I think you implicitly say this, but I think you should make it more explicit: The continued growth of the new economy is threatened by our electricity infrastructure more than anything else. The high tech industry requires market driven solutions to reliability and pricing not the old style command and control regulated monopoly approach. Let's start getting the word out! Jeff Dasovich Sent by: Jeff Dasovich 09/26/2000 02:06 PM To: [email protected], Richard Shapiro/HOU/EES@EES, Sue Nord/NA/Enron@Enron, Margaret Carson/Corp/Enron@ENRON, Rob Bradley/Corp/Enron@ENRON, [email protected], Karen Denne/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron cc: Subject: First Cut at High Tech Messages Attached is a first rough cut. Work continues but wanted to distribute for feedback. All is welcome and appreciated.
{ "pile_set_name": "Enron Emails" }
Put the revolutionary Balanced Scorecard to work in your organization. Our special Measuring Corporate Performance package brings you everything you need for just $895 (regularly $1,084.80 -- a savings of $189.80) To order, click here: http://hbsp.ed10.net/ud/X0UH/RN52/UUX2/HK/J2KP5?cid=1210890&[email protected] Or, call us at 800-668-6780. Outside the U.S. and Canada, call 617-783-7450. When ordering, be sure to mention priority code 6501, and indicate the video format you prefer: _ NTSC Version: Product #8435BN (Video standard used in the United States, Canada, Mexico, and Japan.) _ PAL Version: Product #8435PN (Video standard used in Europe.) Dear Wincenty Kaminski: Translating strategy into action is a challenge that managers like us face every day. In today's unpredictable climate, you may find that traditional financial measures don't always provide a complete picture of where your company is -- and where it needs to go to succeed. 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Outside the U.S. and Canada, call 617-783-7450. When ordering, be sure to mention priority code 6501, and indicate the video format you prefer: _ NTSC Version: Product #8435BN (Video standard used in the United States, Canada, Mexico, and Japan.) _ PAL Version: Product #8435PN (Video standard used in Europe.) If you wish to unsubscribe from special offer mailings, please click here: http://hbsp.ed10.net/us/X0UH/3O/UUX2/J2KP5/dmthbWluc0BlbnJvbi5jb20=/ [[X0UH-UUX2-J2KP5-D]][IMAGE]
{ "pile_set_name": "Enron Emails" }
Bryce, I'll get it done today. DG 3-9573 From: Bryce Baxter 06/12/2000 07:15 PM To: Darron C Giron/HOU/ECT@ECT cc: Subject: Feedback for Audrey Cook You were identified as a reviewer for Audrey Cook. If possible, could you complete her feedback by end of business Wednesday? It will really help me in the PRC process to have your input. Thanks.
{ "pile_set_name": "Enron Emails" }
Tom, As discussed, please find the updated language for the second paragraph of Exhibit "C" as highlighted below: TRANSPORTATION FEES: If less than 1 MMBtu is delivered during the Month to Gulf Coast at any Receipt Point, then no monthly fee shall be assessed against Shipper for such Receipt Point during such Month. For quantities averaging between 1 MMBtu and 500 MMBtu per Day during each delivery Month at each Receipt Point, the fee at such Receipt Point shall be the greater of the dollar amount equal to the actual MMBtus delivered during such Month times $0.60 per MMBTU or $3,000.00. Notwithstanding the foregoing, Shipper shall not be obligated to pay such $3,000.00 fee if the fee results from Gulf Coast's interruption of transportation service hereunder and Shipper is unable to deliver quantities of Gas in excess of 500 MMBtu a Day during such Month. If such an interruption in service occurs during a Month, the Shipper shall pay $0.60 per MMBTU for such interrupted service if the average quantity falls below 500 MMBtu a Day for such delivery Month. For quantities averaging between 501 MMBtu and 1000 MMBtu per Day during each delivery Month at each Receipt Point, the fee at such Receipt Point shall be equal to the actual MMBtus delivered during such Month times $0.35 per MMBTU. For quantities averaging 1,001 MMBtu per Day and greater during each delivery Month at each Receipt Point, the fee at such Receipt Point shall be equal to the actual MMBtus delivered during such Month times $0.25 per MMBTU. Eric Gillaspie 713-345-7667 Enron Building 3886 John Bonica <[email protected]> 04/03/2001 06:14 PM To: "'[email protected]'" <[email protected]> cc: [email protected], [email protected], [email protected] Subject: RE: HPL-Gulf Coast IT Agreement Looks good to me.? I'm going to be out of the office tomorrow but Tom Cones asked me to have you send him an execution draft of the agreement for his signature. -- John R. Bonica John R. Bonica, P.C. 3403 Marquart, Suite 203 Houston, Texas 77027-6509 Telephone: (713) 659-6500 [email protected] This e-mail message may contain confidential information belonging to the sender that is proprietary, privileged, confidential or otherwise exempt from disclosure. This message is intended exclusively for the individual or entity to which it is addressed. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error, please notify the sender immediately by e-mail and delete all copies of this message.
{ "pile_set_name": "Enron Emails" }
I believe this was intended for the other Susan Scott...I'm with Nat Gas trading. Thanks -----Original Message----- From: Nicolay, Christi Sent: Monday, April 30, 2001 10:55 AM To: Scott, Susan Subject: WEST DESKS--FERC authorizes power marketers to purchase from industrials (and more) ---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 04/30/2001 10:54 AM --------------------------- From: Christi L Nicolay 04/27/2001 11:01 AM To: Chris Lackey/PDX/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Don Black/HOU/EES@EES, Jeff Golden/HOU/EES@EES, Marc Pana/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Ray Alvarez/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Steve Walton/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Jeff Brown/NA/Enron@Enron, Sheila Tweed/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, James E Keller/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Ozzie Pagan/Enron@EnronXGate, Leslie Lawner/NA/Enron@Enron, Joy Werner/Corp/Enron@ENRON, Karen A Cordova/HOU/EES@EES, Robert Frank/NA/Enron@Enron, Janet R Dietrich/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron cc: Subject: WEST DESKS--FERC authorizes power marketers to purchase from industrials (and more) On March 14, 01, FERC issued an "Order removing obstacles to increased electric generation and gas supply in the West.." (Docket No. EL01-47). Most significantly, FERC authorizes industrials in WSCC to sell power to licensed power marketers (like EPMI and EES) effective 3/14/01 through 12/31/01. The industrial does not have to obtain its own power marketer license from FERC (subject to EPMI and EES making filings for the industrials). (This is similar to the authorization that EPMI and EES requested nationwide earlier this year -- we should hear from FERC on that request by mid-May.) In addition, FERC authorizes DSM sales at wholesale at market based rates. Specifics: Owners of generating facilities located at business locations in the WSCC and used primarily for back-up for self-generation (who will be "public utilities" subject to the Federal Power Act only while they sell at wholesale) can sell power at wholesale from such facilities to non-affiliated entities (like EPMI or EES) without prior notice under section 205 of FPA (would usually require 60 day advance notice filing). -- Waives certain parts of the filing requirements for the industrial; however, the industrial will still be subject to shortened filing requirements for dispositions of facilities and interlocking positions while they are selling at wholesale. -- EPMI and EES will make the FERC quarterly filings on behalf of the industrials for any of these purchases. Our report must show the names of the industrial; aggregate amount of capacity and/or energy purchased from each seller; and the aggregate compensation paid to each seller. Accounting/commercial folks for EPMI and EES-- please make sure these purchases are flagged in the accounting system, since the report will be separate from our big quarterly reports. -- This does not authorize the retail industrial customer to violate any rules or tariffs of its host utility. This does not authorize an industrial to resell power it purchases (only can sell what it generates); unless otherwise allowed (or not precluded) by its retail tariff -- must file a rate schedule at FERC for this, but FERC will be receptive to granting waivers and authorizations. -- This authorization expires after 12/31/01. Effective 3/14/01 through 12/31/01, retail customers in WSCC, as permitted by state laws and regulations, and wholesale customers are authorized to reduce consumption for the purpose of reselling their load reduction at wholesale at market-based rates. These transactions can occur in several ways: An aggregator can line up retail load to acquire enough negawatts to resell in a manner similar to what aggregators do when they sell power to retail load under retail choice programs. In addition, wholesale and retail load with contract demand service could resell their contract demands if the value of power is greater than the value of consumption. Similar quarterly reports would be due by EPMI/EES. NOTE: the industrial still has to obtain the interconnection agreement with transmission provider (may need new interconnection facilities, etc.) Remember that you still need to get transmission on OASIS when the power is wheeled away from the industrial. Other initiatives in the order: Utilities are encouraged to make DSM arrangements with wholesale customers. FERC waives the prior notice requirement for amended contracts that are required to be filed at FERC. Clarifies that DSM should be treated consistenly with all other types of incremental and out-of-pocket costs for utilities. Reminds transmission providers to keep ATCs current, including CBM and TRM. Provides incentive rates for new transmission projects that can be in service by July 1 (and to a lesser extent -- by November 1 of 01 and 02). Considers "rolled in" rates for generation interconnection (rather than direct assignment that we have now.) Extends temporary waivers through 12/31/01 of operating and efficiency standards for QFs. Allows QF to sell output above historical supply though a negotiated bilateral agreement at market based rates, if sold in California and the WSCC. FERC will review interconnection issues that impede generation from reaching load (ie, if a utility does not act within time limits on interconnection requests, etc.) Provides for increased staff and quicker gas pipeline additions review. Please let me know if you would like the order. Ray Alvarez (202-466-9170) and I (713-853-7007) can assist you with this. Thanks. <Embedded Picture (Device Independent Bitmap)>
{ "pile_set_name": "Enron Emails" }
713-646-3490 -----Original Message----- From: Aggar, Brenda Sent: Tuesday, December 18, 2001 6:15 AM To: Cash, Michelle Cc: Huynh, Catherine; Lynch, Drew Subject: FW: Drew Lynch Michelle If you could give me you fax number I will fax this novation to you. Thanks Brenda -----Original Message----- From: Huynh, Catherine Sent: 17 December 2001 22:12 To: Cash, Michelle; Aggar, Brenda Subject: RE: Drew Lynch Michelle, This must have originated in London as it's the first I've heard of it. Brenda, Michelle is our employment attorney in Houston and needs to initiate/aprpove all US employment contract changes for execs. Thanks Cathy Human Resources Enron Metals & Commodity Corp. 520 Madison Ave., 28th Floor New York, NY 10022 Tel: 212-715-5276 Fax: 212-715-5231 E-Mail: [email protected] -----Original Message----- From: Cash, Michelle Sent: Monday, December 17, 2001 1:15 PM To: Huynh, Catherine; Aggar, Brenda Subject: RE: Drew Lynch Has there been a business decision to novate his agreement? I am not aware of our decisions to novate any agreements. Let me know who approved this from the business side. Thanks. Michelle -----Original Message----- From: Huynh, Catherine Sent: Monday, December 17, 2001 9:01 AM To: Aggar, Brenda; Cash, Michelle Subject: RE: Drew Lynch Michelle, Would you know where these need to be sent? Thanks Cathy Human Resources Enron Metals & Commodity Corp. 520 Madison Ave., 28th Floor New York, NY 10022 Tel: 212-715-5276 Fax: 212-715-5231 E-Mail: [email protected] -----Original Message----- From: Aggar, Brenda Sent: Friday, December 14, 2001 9:52 AM To: Huynh, Catherine Subject: Drew Lynch Hi Cathy, how are you? I wonder if you can help me with this. I have a contract novation here for Drew Lynch which needs to be signed by an authorised signatories of Enron Corp, and Enron Expat Services Inc. Who should I fax this to for signature. Many thanks Brenda
{ "pile_set_name": "Enron Emails" }
Tana, I may have a need for legal review of a draft MOU and agreement with Oracle in the near future. Dovie tells me you are our primary contact. What is the best process for scheduling time for legal support on an MOU? - Steve ----- Forwarded by Stephen Abbanat/Enron Communications on 11/07/00 03:12 PM ----- Dovie Keprta 11/07/00 12:20 PM To: Stephen Abbanat/Enron Communications@Enron Communications cc: Subject: Enron T&C information Steve- Tana Jones is the legal specialist for our group. She has handled all of the NDAs and I'm sure she's got info for your MOU purposes. Her extension: 713-853-3399 -dovie
{ "pile_set_name": "Enron Emails" }
There will be an OGC meeting this afternoon from 1:30 to 2:30 PM in EB38C2 regarding PRC matters. Please plan to attend.
{ "pile_set_name": "Enron Emails" }
John, I found the error. It was a small logic error. You can easily fix the problem if you go into the visual basic editor for the blotter file. In the editor, you will see several modules listed on the left of the screen under the file. You will need to edit the "Main_Query" module. Once in the "Main_Query" module, you will need to search for the routine named "VerifyManualInputs". The actual start of the routine looks like this: Function VerifyManualInputs(FromDate As String, ToDate As String, PutCall As String, Lots As String, Strike As String, Price As String, CParty As String, sType As String) As Boolean Within this routine, about 15-20 lines down, you should see the following two lines : If (isdate(FromDate) And isdate(ToDate)) Then If (ToDate < FromDate) Then You need to change the second line to : If (CDate(ToDate) < CDate(FromDate)) Then This should fix the problem. The intent of the line is to prevent the "To Date" of a deal from being earlier than the "From Date". In the original line of code, it does a TEXT based compare (like comparing is "ABC" < "DEF") instead of comparing the two values as DATES. The modification I've laid out converts the from and to dates to date values before comparing. I have tested the fix here and it should work fine. I hope everything runs smooth for you next week. Have a good Thanksgiving. Greg
{ "pile_set_name": "Enron Emails" }
Unfortunately, I will miss your farewell at Slick Willie's on January 3rd. I am sorry that I won't be able to drink a beer with you as a send off, but perhaps we can have one in London later in January as your welcome to London. I will be in Miami on January 3rd, hopefully celebrating an Oklahoma win in the Orange Bowl earlier that day. David found us tickets to the game. Not great seats, but they are in the stadium. Hey, it's not UT, but it should still be fun to go. I will miss you and your wit and constructive cynisism in Houston. But I know that I can count on you to be just as vocal from London! I plan to be there at least quarterly in 2001, and will definitely welcome your first hand observations on operational areas that may need attention. Hopefully between e:mail and voice mail we can definitely keep in touch. Tell Ann that I hope that this will be a great adventure for her and the whole family. I think that it is a wonderful time in your children's lives to give them this experience. Have fun -- and set them straight!!
{ "pile_set_name": "Enron Emails" }
Yes. Bob Bowen 04/25/2001 12:31 PM To: Tana Jones/HOU/ECT@ECT cc: Subject: Re: FW: Request Termination Agreements for 4 EnronOnline Transactions W/ ATTACHMENT No, I'm serious. Is she still the EOL contact for the Global contracts group? From: Tana Jones on 04/25/2001 11:54 AM To: Bob Bowen/HOU/ECT@ECT cc: Subject: Re: FW: Request Termination Agreements for 4 EnronOnline Transactions W/ ATTACHMENT You are bad to the bones...! Bob Bowen 04/25/2001 11:42 AM To: Tana Jones/HOU/ECT@ECT cc: Subject: Re: FW: Request Termination Agreements for 4 EnronOnline Transactions W/ ATTACHMENT The trades are all similar so here goes: Fixed Price Payer (Buyer) Coral Energy Holding, L.P. ((EnronOnline Deal #1150351) Morgan Stanley Capital Group Inc. (EnronOnline Deal #1150406) Morgan Stanley Capital Group Inc. (EnronOnline Deal #1150411) Morgan Stanley Capital Group Inc. (EnronOnline Deal #1150426) Floating Price Payer(Seller) Enron North America Corp. Deal Date 4/20/01 Effective Date 10/1/01 Termination Date 10/31/01 Notional Quantity 5,000 MMBtu per day Fixed Price Last Day of NYMEX plus $0.3700 Floating Price The applicable Determination Period Bidweek Average Price in the row entitled "Malin" located in the "California" section of the table entitled "Spot Gas Prices" in the first issue of Natural Gas Intelligence Weekly Gas Price Index for the applicable Determination Period or, simply stated NGI - Malin Commodity Natural Gas If I forgot something, please let me know. How is Karen Lambert by the way? Has she been on vacation lately? From: Tana Jones on 04/25/2001 10:05 AM To: Bob Bowen/HOU/ECT@ECT cc: Subject: FW: Request Termination Agreements for 4 EnronOnline Transactions W/ ATTACHMENT Attached is a list of four deals for some online "oops" trades. Can you send me the deal particulars so I can prepare terminations of the trades. ----- Forwarded by Tana Jones/HOU/ECT on 04/25/2001 10:04 AM ----- Robert B Cass/ENRON@enronXgate 04/25/2001 09:50 AM To: Tana Jones/HOU/ECT@ECT cc: Jennifer deBoisblanc Denny/ENRON@enronXgate Subject: FW: Request Termination Agreements for 4 EnronOnline Transactions W/ ATTACHMENT Tana - This e-mail includes the attachment. It "fell off" my e-mail from last night. Thanks - Rob -----Original Message----- From: Cass, Robert B. Sent: Tuesday, April 24, 2001 6:29 PM To: Jones, Tana Cc: Moorer, Torrey; Denny, Jennifer; Thomas, Sheri Subject: Request Termination Agreements for 4 EnronOnline Transactions Hi Tana - We need your assistance in preparing termination letters for the transactions listed on the attached spreadsheet and described as follows: On Friday, April 20, 2001, four transactions occurred on EnronOnline that were in error. One transaction was with Coral Energy Holding L.P. and three transactions were with Morgan Stanley Capital Group, Inc. As mutually agreed to by both the Enron commercial team and the respective counterparties, it was decided that each of the four transactions would not be confirmed and should be terminated. The exact specifics are detailed as follows: ? The transactions occurred due to an inadvertent entry in the actual production system of EnronOnline by a Product Control Group member, Melba Lozano. Melba activated a product assuming that she was in the EnronOnline test system of EnronOnline. ? The product transacted upon is normally managed by Frank Ermis. However, in his absence on Friday, the product was managed by Matt Lenhart. ? Steve South, trader on the West Desk, called and notified both Morgan and Coral that the product had been posted in error. All parties agreed that the transactions were not reflective of the normal pricing. As a result they further agreed that transaction confirmations would not be necessary and that the deals would be "killed" on all sides. (For reference of any telephone tapes that may need to be pulled, the conversations with the counterparties occurred around 2:00 pm.) ? No confirmations were generated as a result of the killing of the transactions in TAGG. ? I spoke with Mike Grigsby on Monday (April 23, 2001) and advised him that termination letters may be required by Legal. He responded that he had no problem with that. Tana, please advise if additional information is required to complete the termination letters or if another course of action is warranted. Thank you, Rob Cass x35491
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************************************************************** Earn money when you share the power of E*TRADE with friends and family. Click here to get started: http://e-trade.0mm.com/ETR070002 ************************************************************** GET $50 FOR EVERY FRIEND (UP TO TEN FRIENDS) YOU REFER WHO BECOMES A NEW E*TRADE BROKERAGE CUSTOMER. YOUR FRIENDS CAN GET $75 AS WELL!(1) Dear SARAH: We've launched an exciting new program here at E*TRADE, and both you and your friends can benefit. As an E*TRADE customer, you already know about all the terrific advantages we provide. Things like low trading commissions, valuable market insight, 24-hour customer service, and more. Now you can share E*TRADE with your friends and you'll BOTH earn a bonus! We'll send a no-obligation informational e-mail to your friend(s). If a friend opens a new brokerage account, you get $50 and your friend gets $75. Just remember: ============================================================== In order to take advantage of this special offer, you must use the link at the top of this e-mail to refer friends. ============================================================== Within eight weeks of receiving and approving your friend's application, we'll credit $50 to your account and $75 to your friend's account. So get started today. It's the least you could do for a friend (and yourself!). Sincerely, Connie Dotson Chief Service Quality Officer E*TRADE P.S. Don't delay! This offer ends September 30, 2000. Bonus limited to 10 referrals. ============================================================ (1) Offer not valid for IRAs, retirement, business, club, or E*TRADE Bank accounts. A credit of $50.00 will post to your account within approximately eight weeks of your friend's application approval and funding. Bonus limited to ten referrals. To be eligible, account holders must maintain minimum funding in all accounts ($1,000 for cash accounts, $2,000 for margin accounts, less trading losses, if any), for a minimum of six months. E*TRADE reserves the right to terminate this offer at any time. Other terms apply. E*TRADE Group, Inc. associates and its affiliates; customers of E*TRADE who are associated with other NASDR Member firms or any other broker-dealer not regulated by the NASD, but regulated by another self-regulatory organization are not eligible to participate in this offer. System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors. Copyright (C) 2000 E*TRADE Securities, Inc. All rights reserved. Member NASD/SIPC. E*TRADE is a registered trademark of E*TRADE Securities, Inc. All other trademarks and registered trademarks mentioned herein are the property of their respective holders. ************************************************************ HOW TO UNSUBSCRIBE: You received this e-mail because you registered on the E*TRADE Web site, or on one of our partners' sites. If you do not want to receive partner e-mail offers, or any E*TRADE marketing e-mail, you can change your preferences now at: http://e-trade.0mm.com/[email protected] . You are subscribed at: [email protected]. E*TRADE takes your privacy seriously. To learn more about E*TRADE's use of personal information, please read our Privacy Policy at: http://e-trade.0mm.com/ETR070010 ************************************************************ - att1.htm
{ "pile_set_name": "Enron Emails" }
Julie/Laurel, After the flurry of e-mails below, I received a package from ITG/Posit Europe which I subsequently sent to one of you in Houston. I am not sure who I sent it to but I am quite sure it got there and was "put through the channels" because Sara Shackleton has been working with ITG on the contractual issues. I am now trying to find out if any software was included in that package because I would like to get the install process going pending the finalization of the contract negotiations. Please confirm as to whether or not either of you are aware of this installation software. Thanks and regards, John ---------------------- Forwarded by John Greene/LON/ECT on 26/10/2000 16:46 --------------------------- 20/10/2000 08:14 Cyrus Kazak Cyrus Kazak Cyrus Kazak 20/10/2000 08:14 20/10/2000 08:14 To: John Greene/LON/ECT cc: Subject: AutEx /ITG Europe Platform /Instinet John, The contracts for the AutEx system have arrived and are being processed. Do you still require the Instinet and ITG systems I vaguely remember some contracts being sent through do you know the status ? Thanks Cyrus x35368 John Greene 08/09/2000 10:25 To: Julie Pechersky/HOU/ECT@ECT, Cyrus Kazak/LON/ECT@ECT cc: [email protected], [email protected], Laurel Adams/HOU/ECT@ECT Subject: Re: Tech contact for ITG Europe Platform installation Cyrus/Julie, Can you please coordinate with Jamie White at ITG on this install. I don't really care how I get it. I would presume that someone in our IT group worked with ITG to determine the best delivery method on the original install. If so, please use the same architecture. If not, please consider the options and if we think there exists a better method than the one being in Houston, let's upgrade the one in Houston concurrently with the London install so the two sites are in synch. This install will initially be for European equity trading only but we may want to incorporate US equities at a later date as well. Any activity on this setup will be governed by the same agreements currently in place as it will be done on behalf of both ECT Investments and Enron North America until further notice. Thanks and regards, John ---------------------- Forwarded by John Greene/LON/ECT on 08/09/2000 10:03 --------------------------- Enron Europe From: Cyrus Kazak 06/09/2000 10:59 To: John Greene/LON/ECT@ECT cc: Julie Pechersky/HOU/ECT@ECT Subject: Re: Tech contact for ITG Europe Platform installation John Is this for European or US equities or both ? Do you want to trade using Internet access or would you prefer a fixed link leased line ? If you could let me know Thanks Cyrus John Greene 06/09/2000 16:31 To: Cyrus Kazak/LON/ECT@ECT cc: Julie Pechersky/HOU/ECT@ECT, [email protected], [email protected] Subject: Tech contact for ITG Europe Platform installation Cyrus, Can you please arrange for this installation on my desktop. Please coordinate with Julie Pechersky and Jamie White to ensure that my setup has the same functionality as Selena Gonzales in Houston. Thanks and regards, John x3-5534 ---------------------- Forwarded by John Greene/LON/ECT on 06/09/2000 16:31 --------------------------- Enron Capital & Trade Resources Corp. From: [email protected] 06/09/2000 09:43 To: [email protected] cc: [email protected] Subject: Tech contact for ITG Europe Platform installation Hi John, Please have your technology person contact Jamie White at [email protected] (670-4200 in London) to schedule an installation of the ITG Europe Platform. Good luck getting the office set up! Regards, Kathy 617-692-6500
{ "pile_set_name": "Enron Emails" }
-----Original Message----- From: "Cagle, Donna" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Cagle+2C+20Donna+22+20+3CDCAGLE+40mariner-energy+2Ecom+3E+40ENRON@ENRON.com] Sent: Friday, September 28, 2001 10:08 AM To: Edison, Deborah J. Subject: Updated Mariner Management Meeting Minutes <<9-27-01.doc>> <<SUMMARY.xls>> Donna M. Cagle Executive Administrator to President & CEO Mariner Energy, Inc. 580 WestLake Park Blvd., Suite 1300 Houston, TX 77079 281/584-5511 (phone) 281/584-5515 (fax) [email protected] - 9-27-01.doc - SUMMARY.xls
{ "pile_set_name": "Enron Emails" }
The first loading of ErrDev is complete. All of the ErrDev for Somerset have been loaded (29,334 records). Many duplicates were rejected. I will be anxious to know if the data in the table meets your needs. I am working on Mill Run ErrDev as I write this email.
{ "pile_set_name": "Enron Emails" }
NG-PR-OPT - 1081642 Larry May: Price - 1081744, Basis - 1081745, GD Options - 1081747 Thanks, Errol, X5-8274
{ "pile_set_name": "Enron Emails" }
FROM SHONNIE DANIEL: There will be a meeting this Thursday, June 29, 2000, from 11:00 am to 12:30 pm regarding Project 20/20 Due Diligence in Conference Room EB38C2. Lunch will be provided.
{ "pile_set_name": "Enron Emails" }
Scott, Attached are the guidelines for Buenos Aires. - - - Sara
{ "pile_set_name": "Enron Emails" }
Dear U2 Fan, The new U2 album All That You Can?t Leave Behind has landed. October 25th - Japan October 27th - Ireland October 30th - UK, Rest of World October 31st USA Best wishes u2.com www.U2.com is powered by WorldOnline.com
{ "pile_set_name": "Enron Emails" }
----- Forwarded by Tana Jones/HOU/ECT on 10/27/2000 11:18 AM ----- Lisa Lees 10/27/2000 11:12 AM To: Tana Jones/HOU/ECT@ECT cc: Subject: EOL ETAs Tana, According to Frank Davis, the ETA attached below contains the same content for each of the following countries: Bermuda Chile Japan Mexico Peru It appears that we need to track down the Australia ETA from our Australia office. We'll try to have that one to you on Monday.
{ "pile_set_name": "Enron Emails" }
If you need any inboxes, desk drawer organizers, or file cabinet dividers stop by my desk @ ECN1739a. I have a box full of these items.
{ "pile_set_name": "Enron Emails" }
"ML-Steven.I..Fleishman" <[email protected]> on 11/30/2000 07:23:50 AM To: [email protected] cc: Subject: Utilities: Clash of the Titans - USA CA power markets controversy becoming increasingly intractable, with FERC, the state, utilities, generators all weighing in with differing views. Still would own 1-2 generators, favoring CPN and NRG. *************************************************** If you would like to stop or modify the delivery of Research via Email, please reply to this message or contact Research Publications Hotlines: The Americas: (1) 888 734-1391 or (1) 212 449-9765 Europe, Middle East, Africa: (44) 20 7772-2685 or (44) 20 7772-2483 Asia Pacific, Japan: (852) 2536-3036 Australasia: (61) 3 9659-2379 Publication: 30233508.PDF (4 pages) Generated by: Research Publications Recipient: Kenneth Lay - 30233508.PDF
{ "pile_set_name": "Enron Emails" }
----- Forwarded by Tana Jones/HOU/ECT on 12/27/2000 12:26 PM ----- Bradley Diebner 12/21/2000 03:04 PM To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities, Enron Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya Rohauer/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron cc: Subject: EOL Credit Responses 12/21/00
{ "pile_set_name": "Enron Emails" }
Jackie, Please get with the East Desk on this. If they agree, we can roll the deal. D Jackie Young 11/01/2000 10:03 AM To: Daren J Farmer/HOU/ECT@ECT cc: Clem Cernosek/HOU/ECT@ECT, Sherlyn Schumack/HOU/ECT@ECT Subject: 6/4/99 and 6/9/99 (98-0439) Enerfin TETCO Daren, On the above mentioned dates, there was no nomination at the Enerfin meter. 6/3/99 and 6/8/99 revealed activity for ENA (202K). Can the deal be extended for 6/4 (548 dec.) and 6/9 (40 dec.) to cover this flow so that Volume Management can create an accounting arrangement for these two days? Thanks -Jackie- 3-9497
{ "pile_set_name": "Enron Emails" }
Steve, Yes, Dan did ask my opinion on the feasibility of forming a new affiliate company (NEWCO). I know he asked many others as well. Here is what I told him: There is no regulatory prohibition on NEWCO holding capacity on our pipelines. NEWCO will have to be set up to meet the creditworthiness standards or else we raise the risk of having to lower the creditworthiness test for others. Under the current rules, even though NEWCO will hold capacity, NEWCO will not be a Marketing Affiliate (i.e. requiring separate staff/systems) etc. so long as they are not buying or selling gas. On the flip side, if the new affiliate sells gas Including delivered gas), the entity will be a Marketing Affiliate and we would have to set if up so all the separation rules are met. I anticipate that FERC's marketing affiliate rules may change in 2001 such that any energy affiliate, including capacity managers, will be subject to the marketing affiliate standards of conduct. If the success of NEWCO depends on sharing unposted information, this strategy is not likely to last very long. Most significantly, when the new affiliate wants to resell/trade its capacity rights, it will have to do so through the pipeline's capacity release rules. The new affiliate can arrange pre-arranged transactions of less than 30 days, but any other deals would have to be posted for bid. But, I don't think we should be scared off just because the deals would have to go through capacity release. NEWCO could do less than 30 day releases at above max. rates on a prearranged basis. NEWCO could also do 1 year of less prearranged deals at above max rate, they would just have to be posted to see if anyone wanted to match the deal. The crux is that there is no regulatory prohibition standing in the way of setting up a new affiliate, but it is important to figure out what the new affiliate's objective is. If the point is to capture short-term, above max rate deals without going through a negotiated rate posting, then we may follow a fairly simple strategy of setting up a limited NEWCO to buy and sell capacity only. If the point is to "churn" capacity trading, then the issues are essentially the same as those involved in setting up bid/ask trading on EOL. If the point is longer-term, total energy type of deals, then we just need to understand that the new affiliate will be a marketing affiliate. You ask what is being done to further this idea. I think we need some clearer marketing vision of how NEWCO plans to make money (through above max rate deals in capacity release? through rebundled deal? ) before a more definitive list of regulatory steps can be developed. Steven Harris 12/01/2000 12:26 PM To: Shelley Corman/ET&S/Enron@ENRON cc: Subject: New Marketing Company Shelley, I know Danny talked to you a while back about us creating a new company to hold capacity on other pipes, etc. What ever happened to that idea? I would really like to pursue that avenue as I believe we may be missing out on some things we could do. Please let me know the status. Thanks. Steve
{ "pile_set_name": "Enron Emails" }
pls print. thanks df ---------------------- Forwarded by Drew Fossum/ET&S/Enron on 10/26/2000 08:18 AM --------------------------- From: Dan McCarty & Steve Hotte 10/26/2000 12:09 AM Sent by: ETS General Announcement To: Enron Transportation Services Operations cc: Subject: IdeaBank Website Please read the attached document for information about an exciting new website for ETS employees!
{ "pile_set_name": "Enron Emails" }
Debra, I noticed on one of the Deal #'s listed below, Deal # 231047, is under the counterparty Duke Energy Field Services, Inc. I was wondering if that Deal # is a type-o or if it should stand as is, since the subject is dealing with Tristar Gas Marketing Company I would think it should be different than what is listed? Please let me know. Thanks, Corey From: Debra Perlingiere @ ECT 04/12/2000 02:40 PM To: Corey Hobbs/Corp/Enron@ENRON cc: Subject: Tristar Gas Marketing Company Please send me copies of the following transactions for this enitity: Deal Term 208308 3/00-10/00 230882 4/00 231684 5/00-7/00 231047 4/00 214232 6/00-10/00 220887 5/00-7/00 Thanks DP
{ "pile_set_name": "Enron Emails" }
This one too please! Normally, I can get the information I need out of Global Counterparty, but it's not in there for these last few counterparties. Thanks! Kim ---------------------- Forwarded by Kimberly Hundl/Corp/Enron on 12/11/2000 10:14 AM --------------------------- Kimberly Hundl 12/11/2000 10:10 AM To: Kate Symes/PDX/ECT@ECT, Mike Swerzbin/ENRON@enronxgate cc: Subject: Deal #477087.01 Pinnacle West... Same with this one. I need contact info to verbal. Gracias Amiga! Kim ---------------------- Forwarded by Kimberly Hundl/Corp/Enron on 12/11/2000 10:08 AM --------------------------- Kimberly Hundl 12/11/2000 10:00 AM To: Kate Symes/PDX/ECT@ECT, John Malowney/HOU/ECT@ECT cc: Subject: Deal #476578.03 Montana Power Company Hi Kate, I need to get a contact name and phone number for this counterparty so that I can get a verbal confirm on this deal. Please see if John can give you this information. Have a lovely day! Thanks! Kim
{ "pile_set_name": "Enron Emails" }
Same as below with the following exceptions Pipeline CGAS Contract 64031 Firmness IT Service Type Park & Loan Rate PAL Term Type Term Eff Date 1/1/2000 - 1/31/2000 Evergreen Pipeline CGAS Contract 64041 Firmness IT Service Type Park & Loan Rate PAL Term Type Term Eff Date 1/1/2000 - 1/31/2000 Evergreen ---------------------- Forwarded by Chris Germany/HOU/ECT on 01/19/2000 08:06 AM --------------------------- Chris Germany 01/18/2000 07:08 PM To: Sylvia A Campos/HOU/ECT@ECT, Brenda H Fletcher/HOU/ECT@ECT cc: Subject: CGAS Pals agreements Please set up the following CGAS contracts. Please note; ENA is agent for CES Pipeline CGAS Contract 64031 Firmness IT Service Type Storage Service Rate ISS Term Type Term Eff Date 1/1/2000 - 1/31/2000 Evergreen Pipeline CGAS Contract 64041 Firmness IT Service Type Storage Service Rate ISS Term Type Term Eff Date 1/1/2000 - 1/31/2000 Evergreen
{ "pile_set_name": "Enron Emails" }
Mark, I don't get all warm and fuzzy about point #1 - what do you think? Dave ---------------------- Forwarded by David Forster/LON/ECT on 02/17/2000 12:19 AM --------------------------- Edmund Cooper 02/16/2000 07:22 PM To: Richard Lewis/LON/ECT@ECT, David Forster/LON/ECT@ECT, Amita Gosalia/LON/ECT@ECT cc: Justin Boyd/LON/ECT@ECT Subject: Yorkshire Electricity - EOL comfort letter Dear All, Attached is a draft proposed comfort letter dealing with the issues that Yorkshire Electricity has with respect to the ETA. I have forwarded this to their lawyers' for comments. Please note that the letter does not amend the ETA, and is in no way inconsistent with the current legal structure of EOL. I have told Yorkshire's lawyer that this document is subject to internal commercial sign-off, so if you do have any comments please feel free to forward them to me. Thanks, Edmund.
{ "pile_set_name": "Enron Emails" }
sold! I'll initiate the call. -----Original Message----- From: Vince J Kaminski [mailto:[email protected]] Sent: Friday, June 30, 2000 3:44 PM To: [email protected] Cc: Vince J Kaminski Subject: RE: Pre-meeting Weathereffects site cruise Ed, Thursday works for me. What about 10:30 my time? Vince "Edward Krapels" <[email protected]> on 06/30/2000 02:43:00 PM Please respond to <[email protected]> To: "'Vince J Kaminski'" <[email protected]> cc: Subject: RE: Pre-meeting Weathereffects site cruise how about Thursday, July 6? -----Original Message----- From: Vince J Kaminski [mailto:[email protected]] Sent: Friday, June 30, 2000 3:29 PM To: [email protected] Cc: Vince J Kaminski Subject: RE: Pre-meeting Weathereffects site cruise Ed, A correction. I shall spend an entire day at PRC (performance review) on Friday, July 7. Can we do on another day Vince "Edward Krapels" <[email protected]> on 06/30/2000 12:40:59 PM Please respond to <[email protected]> To: "'Vince J Kaminski'" <[email protected]> cc: Subject: RE: Pre-meeting Weathereffects site cruise I'll still be here in Boston so we'd do it over the phone. OK? -----Original Message----- From: Vince J Kaminski [mailto:[email protected]] Sent: Friday, June 30, 2000 12:11 PM To: [email protected] Cc: Vince J Kaminski Subject: Re: Pre-meeting Weathereffects site cruise Ed, Will you be in Houston on that day or we shall do it over the phone? Vince "Edward Krapels" <[email protected]> on 06/30/2000 09:13:04 AM Please respond to <[email protected]> To: "'Vince J Kaminski'" <[email protected]> cc: "Jeffrey Shorter \(E-mail\)" <[email protected]> Subject: Pre-meeting Weathereffects site cruise Vince, How about a pre-meeting web site cruise on Friday, July 7 at 11AM EDT? Ed -----Original Message----- From: Vince J Kaminski [mailto:[email protected]] Sent: Friday, June 30, 2000 9:52 AM To: [email protected] Cc: Vince J Kaminski Subject: RE: Next visit to Houston Ed, July 12, 2:30 it is. I would like the pre-meeting site cruise. How can we arrange it? Vince "Edward Krapels" <[email protected]> on 06/30/2000 04:00:53 AM Please respond to <[email protected]> To: "'Vince J Kaminski'" <[email protected]> cc: "Jeffrey Shorter \(E-mail\)" <[email protected]> Subject: RE: Next visit to Houston Vince, We're all set for 2:30 on July 12. How about a pre-meeting web site cruise on Friday, July 7 at 11AM EDT? Ed -----Original Message----- From: Vince J Kaminski [mailto:[email protected]] Sent: Thursday, June 29, 2000 5:04 PM To: [email protected] Cc: Vince J Kaminski; Shirley Crenshaw Subject: RE: Next visit to Houston Ed, Wednesday, July 12, 2:300 will work for me. I shall be glad to review your website -- www.weathereffects.com. I shall invite some people who work on electricity in my group to join me. Vince "Edward Krapels" <[email protected]> on 06/29/2000 03:53:40 PM Please respond to <[email protected]> To: "'Vince J Kaminski'" <[email protected]> cc: "Jeffrey Shorter \(E-mail\)" <[email protected]> Subject: RE: Next visit to Houston Vince, Good to hear from you and I'm glad you're available. How is Wednesday at 2:30? I did look at EOL and am not surprised to see its quality. I was unable to say much about it in my Risk Electricity Hedging and Trading report because of deadline pressures. How is the site doing? I am intrigued by the competition for trading platforms and was astonished to hear that Goldman, Morgan, BP and Shell were going to launch a site to compete with yours. Talk about a shotgun marriage! If we have time next week, I could step you through our website -- www.weathereffects.com. I'm very proud of what we've done. I can't give out a password yet but would be happy to walk through the site with you over the phone using my password. It's a very ambitious site -- with state-of-the-art WSI weather (seasonal, 6-10, and day to day) driving a good load model for PJM and NEPOOL. ESAI contributes oil and gas input price forecasts, capacity judgments, and "herding" ideas to develop power price forecasts for same time periods. After one month's full-bore effort, I'm pleased with the results (e.g., we forecast Nepool onpeak to be $43 and it turned out $46). Have a great weekend. Ed -----Original Message----- From: Vince J Kaminski [mailto:[email protected]] Sent: Wednesday, June 28, 2000 5:29 PM To: [email protected] Cc: Vince J Kaminski; Shirley Crenshaw Subject: Re: Next visit to Houston Ed, I shall be available on both days. What about Wednesday, July 12, between 1:30 and 4:00. Please, let me know what time would work for you. It will be nice to see you again. Vince P.S. By the way, did you have a chance to take a look at the EOL? "Edward Krapels" <[email protected]> on 06/28/2000 02:49:41 PM Please respond to [email protected] To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Next visit to Houston Dear Vince, I will be returning to Houston during the week of July 10. ESAI and Weather Services International have launched -- after more than 18 months of R&D -- our service, called Energycast Power Trader and Energycast Gas Trader, for power traders in Nepool and PJM. I would be happy to review the service with you as well as take you on a tour of our web site. Are you available on July 12 - 13? Sincerely, Ed Krapels
{ "pile_set_name": "Enron Emails" }
Greg, the e-mails below outline my ideas for an improved commercial effort in the South American region, including the offer to discuss (as objectively as possible) a critical review of our managerial, execution and employee strengths and weaknesses in the region. I am trying to schedule meetings in Houston during the week of Nov 20 in order to finalize in the recent transition and restructuring a position remaining with Enron - but including a priority to remain in Brazil, given it's enormous and, at least for Enron, as yet largely unrealized potential. I've isolated business units in Bundled Products and Networks, separately from core Origination and Trading, in the Org Chart graphics below and propose that my capabilities and interest might be best leveraged with clear deliverables and responsibility for these units. You and I didn't have the chance to discuss commercial opportunities in the region more completely, but the Bundled Products and Networks units might better be combined, given that there are several transactions that would easily include bundling potential Enron Networks "products" (e-platforms, EOL (commitment of physical product in exchange for EOL marketing, etc.,..) into a transaction. Appreciate any, all inputs and look forward to further discussion. ---------------------- Forwarded by D'Arcy Carroll/SA/Enron on 11/14/2000 02:26 PM --------------------------- D'Arcy Carroll 11/14/2000 02:24 PM To: David W Delainey@ECT, John J Lavorato/Corp/Enron@Enron cc: Subject: Brazil Commercial David/John - Does it work to try to schedule a meeting in Houston with you both during the week of Nov 20? As a reminder, I am in a somewhat pressing situation in trying to determine whether there is an opportunity to stay in Brazil focussed on commercial opportunities, or relocating within Enron - for personal reasons accomodating my wife's professional work, relocating only either back to NYC or to London. I have had a first round of meetings with Enron UK and Enron Houston and identified some areas of potential, but my priority would be to stay in Brazil, albeit given an improved structure, report, deliverables and authority to execute to Enron's potential in the region. ---------------------- Forwarded by D'Arcy Carroll/SA/Enron on 11/14/2000 01:46 PM --------------------------- D'Arcy Carroll 11/09/2000 06:20 PM To: David W Delainey@ECT, John J Lavorato/Corp/Enron@Enron cc: Kay Chapman@ECT Subject: Brazil Commercial - ** Update Version, delete previous ** David/John - understand the trip will be delayed. Proposal Outline has two texts - I. Commercial Strategy and II. Historical Perspective. The Org Charts will need some discussion - particularly in regard to the strengths and weakness of employed personnel and urgent need for an improved structure. Over the FH 2000 and within the new structure with Brett and Joao Carlos Albuquerque in place, the Wholesale group and Trading desk seems to have made some important strides forward in terms of recruiting some good individuals and, in trading terms, finally executing some fundamental market supply, demand and transmission analysis. To get into the game quickly and aggressively, though, I think the commercial group needs to hire some senior, local trading expertise. I apoligize, but was unable to get in contact with either of these two guys to set up a possible meeting this week. However, they have the local knowledge, trading competencies and management experience which I consider needed to catalyze the regional effort: Axel Hinsch - Argentine and Cargill employee with several years and broad commodity and financial trading, business development and management experience, including senior trader for the Bear Stearns Emerging Markets equity desks in the late 1980s/early 1990s. Straight up, no ego Argentine Country Manager. Mark Hoffman - Swiss/Brazilian and Glencore employee with several years energy, energy distribution and sugar sector experience; applied commodity and financial arbitrage experience in the Brazilian market. Lot less straight forward, but applied knowledge and expertise. Senior Originator/Trader. Please forward any input about your interest in scheduling a meeting either open here or in Houston during the week of Nov 20. For some perspective on my experience at Enron, let me explaing that I have been working in Enron Networks in the region from Q2 '00 and therefore much less formally invovled with the trading (Brazil spot market) and Wholesale pricing, tarrif issues etc.,.. than at the end of FY1999 when I was directly involved in developing our effort to get in the game in understanding the spot price formula calculations and exploring arbitrage opportunities in the wholesale market. I've attached my resume for some perspective on my background and capability to critically review the commercial (trading and marketing) and managerial issues involving the past and future opportunities.
{ "pile_set_name": "Enron Emails" }
Please see the attached Work Request. This is an urgent work request. Thanks, Hollis ---------------------- Forwarded by Hollis Kimbrough/EWC/Enron on 04/08/2002 03:44 PM --------------------------- Dan Lindquist 04/08/2002 02:23 PM To: Hollis Kimbrough/EWC/Enron@ENRON, Kevin Cousineau/EWC/Enron@ENRON cc: Val Artman/EWC/Enron@Enron Subject: FAR MR/SS Gentlemen, Please review and comment. Thanks Daniel J. Lindquist ---------------------- Forwarded by Dan Lindquist/EWC/Enron on 04/08/2002 02:33 PM --------------------------- Phil Waddell 04/08/2002 02:06 PM To: Val Artman/EWC/Enron@Enron cc: Dan Lindquist/EWC/Enron@Enron, Joe Thorpe/EWC/Enron@Enron, John Nemila/EWC/Enron@ENRON, Kevin Cousineau/EWC/Enron@ENRON, Mike Messier/EWC/Enron@ENRON, Dave Schulgen/EWC/Enron@ENRON Subject: FAR MR/SS Please include the attached March production data from Mill Run with the FAR. ---------------------- Forwarded by Phil Waddell/EWC/Enron on 04/08/2002 02:10 PM --------------------------- Phil Waddell 04/08/2002 01:55 PM To: Val Artman/EWC/Enron@Enron cc: Dan Lindquist/EWC/Enron@Enron, Joe Thorpe/EWC/Enron@Enron, John Nemila/EWC/Enron@ENRON, Kevin Cousineau/EWC/Enron@ENRON, Mike Messier/EWC/Enron@ENRON, Dave Schulgen/EWC/Enron@ENRON Subject: FAR MR/SS Please find the attached FAR. Best regards, Philo
{ "pile_set_name": "Enron Emails" }
----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:54 PM ----- MBD <[email protected]> 02/15/2001 01:20 PM To: [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], MBD <[email protected]>, [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [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: BTC <[email protected]>, JMB <[email protected]>, "'Scott Govenar, Enron lobbyist'" <[email protected]> Subject: Enron legislative package Here are 4 of the five legislative proposals our office has been asked to draft. The only one missing is no. 4, the expedited generation siting proposal, which will have to be worked on more as we have just received extensive comments from ENA and outside counsel (McCutchen). By separate cover, I will send Jeff Dasovich the summary letter desribing the proposals. If changes are required, please contact Brian Cragg of our office. ([email protected]) Thank you. Mike Day <<PART5.DOC>> <<PART3.DOC>> <<PART2.DOC>> <<PART1.DOC>> - PART5.DOC - PART3.DOC - PART2.DOC - PART1.DOC
{ "pile_set_name": "Enron Emails" }
Mark - This looks like a corporate deal. Please let me know if it is something that I should look over or if it should properly go to Mark Holsworth and his group. Mark Senior Counsel, ENA Phone: 713-345-8897 Facsimile: 713-646-3940 E-Mail: [email protected] ----- Forwarded by Mark Greenberg/NA/Enron on 04/09/2001 06:41 PM ----- Michelle Cash@ECT 04/09/2001 05:38 PM To: Mark Taylor/HOU/ECT@ECT, Mark Greenberg/NA/Enron@ENRON, Mark Holsworth/Enron@EnronXGate cc: Bob Ward/Enron@EnronXGate Subject: Microsoft MOU Hello Marks, IT passed this term sheet to me for review, but I believe that one of you is much more qualified to take a stab at it than I am. Essentially, we are agreeing to beta-test this software. No money is going to exchange hands, but we may incur travel costs and time in our role in this. Let me know whether one of you can provide review. Michelle ------------------------------------------------------------------------------ --------------------------- Michelle Cash Enron North America Corp. 1400 Smith Street, EB 3823 Houston, Texas 77002 (713) 853-6401 [email protected] This message may contain confidential information that is protected by the attorney-client and/or work product privileges. ----- Forwarded by Michelle Cash/HOU/ECT on 04/09/2001 05:34 PM ----- Bob Ward/ENRON@enronXgate 04/09/2001 04:11 PM To: Michelle Cash/HOU/ECT@ECT cc: Subject: Microsoft MOU Hi, Michelle. Jim Ogg asked me to send you the attached MOU from Microsoft. The MOU states that it isn,t a legally enforceable agreement but we thought we should get your opinion before we sign it. Please review it at your earliest convenience and let me know your thoughts. Thanks. Bob Ward Manager, IT - Development ext. 54409
{ "pile_set_name": "Enron Emails" }
Start Date: 10/10/01; HourAhead hour: 2; No ancillary schedules awarded. No variances detected. LOG MESSAGES: PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101002.txt Error retrieving HourAhead price data - process continuing...
{ "pile_set_name": "Enron Emails" }
Start Date: 10/26/01; HourAhead hour: 22; No ancillary schedules awarded. No variances detected. LOG MESSAGES: PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001102622.txt Error retrieving HourAhead price data - process continuing...
{ "pile_set_name": "Enron Emails" }
FYI ----- Forwarded by Sara Shackleton/HOU/ECT on 07/26/2000 05:39 PM ----- Ted Noble 07/26/2000 03:25 PM To: Elsa Piekielniak/Corp/Enron@Enron, Sara Shackleton/HOU/ECT@ECT cc: Patrick Conner/HOU/ECT@ECT, Darren Maloney, Erin Willis/HOU/ECT@ECT Subject: Deal Team Sheet Attached is a contact sheet for the Agricultural Team as of 7/25. If I have missed someone, please include and email me a new version of this excel file. Blank spaces represent positions soon to be filled with incoming personnel.
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Spring 2001 Faculty, Attached is the Spring 2001 Module and Calendar Schedules for your review. Please note the Jones Graduate School is not following the traditional University Calendar for Spring Break this year. If you have any questions please contact me. Kathy Kathy M. Spradling MBA Program Coordinator Jesse H. Jones Graduate School of Management Rice University 6100 Main Street, MS 531 Houston, Texas 77005-1892 Phone: (713) 348-3313 Fax: (713) 348-5251 Email: [email protected] http://www.rice.edu/jgs E-mail: [email protected] http://www.ruf.rice.edu/~jgs/ - Spring Module 2001 Sch.doc - Spring Module 2001 Cal.doc
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State's Power Purchases Costlier Than Projected Tab is $6 million a day over Davis' requests Lynda Gledhill, Chronicle Sacramento Bureau Friday, March 16, 2001 ,2001 San Francisco Chronicle Sacramento -- California has spent about $6 million more a day buying electrical power than originally projected, according to a confidential document obtained yesterday by The Chronicle. State power buyers spent $2.7 billion between Jan. 17 and March 11, averaging $49 million a day. That amounts to about $6 million a day more than lawmakers figured using Gov. Gray Davis' appropriations requests. The confidential document was prepared by the Department of Water Resources, which purchases power on behalf of the state. It was handed to a group of lawmakers in a subcommittee hearing Wednesday by Water Resources Director Tom Hannigan. To the public, the document presents the first day-by-day look at how much California is spending on power purchases. Although the document shows more money being spent than originally believed, it didn't startle any of the handful of senators and Assembly members who saw it. "I don't think it was a surprise," said Assemblyman Dick Dickerson, R- Redding. Although the state is supposed to recoup the money spent on electricity, analysts and lawmakers say the open spigot on the state's treasury could jeopardize the state budget and fiscal well-being in the short and long term. For example, the state's power spending could jeopardize new education programs and transportation projects. The nonpartisan Legislative Analyst warned last month that lawmakers shouldn't count on all the new projects in Davis' proposed budget. Also, California has already been placed on a watch list by several credit rating firms, because of the deep debt that could be incurred in helping the utilities become financially stable. The watch list typically precedes a credit rating drop, which would cause the state's interest on bonds and loans to rise. "This (power purchasing) has a dampening effect," said Jean Ross, executive director of the California Budget Project, an independent policy group that tracks state spending. "Nobody knows where the economy is going, and how the energy crisis will affect it, so no one will know what the revenues will look like in the future." The biggest day of power buying happened on Feb. 16 when the state spent nearly $81 million for electricity, or $435 per megawatt hour. The smallest day was March 10 when the state buyers spent $40 million, or $219 per megawatt hour. Michael Worm, an analyst with the investment firm Gerald Klauer Mattison & Co., said what the state paid was in line with current energy prices. "That's where energy prices more or less have been for quite some time," he said. "Of course, they are dramatically higher than they used to be." The governor's office has refused to release information on how much the state has spent, said Steve Maviglio, Davis' spokesman. Maviglio said if generators found out how much the state spent the day before, they could force up the price the next day. But Assemblyman Tony Strickland, R-Thousand Oaks, said the public had a right to know how its money way being spent. "People need to know exactly what it is costing to keep the lights on," he said. "We want to know the whole story -- not just pieces." Strickland, along with media organizations including The Chronicle, have filed public records act requests to obtain information on how much the state has spent, along with the details of long-term power contracts signed by Davis. The original bill that authorized the state to purchase power appropriated only $500 million, but allowed the governor to use up to $10 billion if needed for power purchases by notifying lawmakers. The governor's office has sent five letters since Feb. 5 to lawmakers notifying them that additional money was needed. Based on these letters, which in total have requested an additional $2.5 billion, the news media and lawmakers estimated that the state was spending $43 million a day -- $6 million less than the actual costs shown on the Water Resources document. Since the state began purchasing electricity, the health of its budget has become dependent on a variety of things to come, making it as fragile as a house of cards. The money spent on power is taken from the state's general fund and is supposed to be returned through the issuance of state bonds. The bonds will be paid for with a portion of the rates that utility customers pay every month. - Tell Us What You Think Can you save 20 percent on your energy usage? Gov. Gray Davis is offering rebates for Californians who save on power starting in June, and if you've got a strategy for conserving, The Chronicle wants to hear it. Contact the Energy Desk, San Francisco Chronicle, 901 Mission St., San Francisco, CA 94103; or e- mail [email protected]. -- E-mail Lynda Gledhill at [email protected]. Paying for Power These charts show what the state spent for electricity on the spot market and the average price paid. For the time frame of Jan. 17 through Feb. 14, only periodic totals and averages were given. Period Amount spent 9 p.m. Jan. 17 through Jan. 18 $13,595,121 Jan. 19 - 29 399,000,000 Jan. 29 - 31 136,546,472 Feb. 1 - 12 495,755,000 Feb. 12 - 14 152,087,316 Chronicle Graphic ,2001 San Francisco Chronicle ? Page?A - 11
{ "pile_set_name": "Enron Emails" }
You did better than I did. I was telling people I was 41 when I was 42. I felt terrible when I realized I was older than I thought! Oh well, it just goes to show you that it is all a state of mind. I'm not sure how you don't focus on development, when it is all a part of the same group and process. Neat trick, though. I wish Carlos was here to do a lot of this, though. Kay From: Kathleen Carnahan 10/20/2000 12:19 PM To: Kay Mann/Corp/Enron@Enron cc: Subject: Re: Birthday Thanks. All last year I thought I was the age I am turning tomorrow, so I feel like I really did gain a year. Stuart just told me he will not be focusing as much on development. Is that the same for you too? I just met Roger Balog (I think he was a little overwhelmed). K- To: Kathleen Carnahan/NA/Enron@Enron cc: Subject: Birthday Is it true that tomorrow is your birthday? If so, Happy Birthday!!!
{ "pile_set_name": "Enron Emails" }
For the Ohio gas, we should be pulling any additional volume out of our Bank and we will bill first of month, any thing we dont burn should be put into our bank, MME will have to buy the bank at the end of the month anyway. For the other Major account areas unless it is a major adjustment, I was assuming gas daily plus transport + premium
{ "pile_set_name": "Enron Emails" }
Recently you received the E-Knowledge Survey. Your insight is invaluable. Please take the time to complete the survey as soon as possible. This should just take a few minutes. Your comments matter. Thanks in advance for helping shape the way we do things at Enron. Complete the E-Knowledge Survey today. Sincerely, The EnronAnywhere Team Experiencing technical problems? If this link does not automatically launch the questionnaire: 1. Launch by copying the address below into your browser, or 2. If you continue to have technical difficulties, please send an email message to [email protected] 3. Please do not forward this link to anyone else, as it is unique for each respondent. http://etcsurvey.corp.enron.com/wi/p0461950/i.asp?r=8986&s=GRHRXVWT&l=9
{ "pile_set_name": "Enron Emails" }
Credit Requested Shipper : Reliant Energy Services, Inc. Contract # : 27496 Service Type : FT MDQ: 30,000 Dth/d Rate: $0.10 Term: March 1, 2002 through March 31, 2002 Dennis P. Lee ETS Gas Logistics (713) 853-1715 [email protected]
{ "pile_set_name": "Enron Emails" }
Cynthia, All of the deals below have been rebooked except for the one in red. For some reason I can't find the counterparty in the system. You may want to check and see if it has been set up yet, if it has let me know the proper name (I may be looking for the wrong counterparty) and I will rebook it as well. Thanks, Susan 09/11/2000 12:12 PM Cynthia Gin Cynthia Gin Cynthia Gin 09/11/2000 12:12 PM 09/11/2000 12:12 PM To: Susan M Scott/HOU/ECT@ECT cc: Subject: New Counterparty Set Ups Hi Susan: Can you set up the counterparties for the following missing deals? NW8878 legs 5-8 NW8903 legs 5-6 NW9742 legs 3-4 NW9790 legs 1-2, 4 NX1037 legs 1-2 NX3659 legs 1-4 NX3790 legs 1-4 I don't know what you're schedule is and I know that you're probably really busy. But, let me know when you would be able to set these up. These are the leftover deals from that original list that I submitted to you. Thanks for all your help! I am pulling across all the new ones that you set up for me last week. I really appreciate it!
{ "pile_set_name": "Enron Emails" }
---------------------- Forwarded by Laura Vuittonet/Corp/Enron on 02/28/2001 12:26 PM --------------------------- From: Julie Pechersky/ENRON@enronXgate on 02/28/2001 11:07 AM To: Laura Vuittonet/Corp/Enron@Enron cc: Sonya Johnson/ENRON@enronXgate Subject: FW: Report for Tom Martin - Tx Desk Let me know if you have any questions, or see any changes that need to be made. Thanks, Julie Nothing under 0413/105633 Nothing under 0413/105984 -----Original Message----- From: Vuittonet, Laura Sent: Wednesday, February 28, 2001 10:12 AM To: Julie Pechersky/HOU/ECT@ENRON Subject: Report for Tom Martin - Tx Desk Hi, Julie. I really appreciate you getting this information for me. The company/cost centers that I need the information for are as follows: 0012/106012 0012/105978 0413/105633 0012/105982 0413/105984 0012/105977 The reason we need this information is because there are some people who are Houston Pipe Line employees, and we want to ensure that they have or do not have the applications they are required or not required to have. Tom Martin is over the Texas Desk, and he is the person who would like this information. Thanks again! Laura Vuittonet x31994
{ "pile_set_name": "Enron Emails" }
----- Forwarded by Tana Jones/HOU/ECT on 07/28/2000 01:29 PM ----- Bradley Diebner 07/28/2000 11:34 AM To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities, Enron Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT cc: Subject: Re: EOL Credit Responses 07/28/00 Please find attached Credit's EOL responses for 7/28/00
{ "pile_set_name": "Enron Emails" }
Oil companies say North Slope gas pipeline too pricey Associated Press Newswires USA: U.S. Cash LPG-Market gains on NYMEX crude strength. Reuters English News Service UK: Enron ups online metals transaction sizes. Reuters English News Service INDIA: State-run Indian firms don't want Enron's assets. Reuters English News Service Poland may have large gas surplus, expert says BBC Monitoring India: Godbole panel submits report The Hindu The Hindu-Editorial: Muddying a quagmire The Hindu India: Talks on to solve Enron tangle The Hindu Power rates in some areas expected BusinessWorld (Philippines) Oil companies say North Slope gas pipeline too pricey 09/27/2001 Associated Press Newswires Copyright 2001. The Associated Press. All Rights Reserved. ANCHORAGE (AP) - Oil companies looking into the feasibility of building a natural gas pipeline from Alaska's North Slope to the Lower 48 say the project is too pricey. A preliminary analysis of the proposed project by Exxon Mobil, BP and Phillips Petroleum shows that the pipeline project would not provide them with what they want; a 15 percent return on their money. The project works out to a 10 percent to 11 percent rate of return. "We see this as a very high risk project," Robbie Schilhab of Exxon Mobil told Gov. Tony Knowles' natural gas development team meeting this week in Anchorage. Schilhab and Phillips Petroleum's Joe Marushack presented their preliminary conclusions at a task force meeting. Whether the pipeline runs north through the Arctic Ocean to Canada's Mackenzie River delta or south along the Alaska Highway through Canada to the Lower 48, the answer is the same: for now, the project looks too expensive for Alaska's oil companies to undertake. For both the northern Arctic route and the southern Alaska Highway route, the costs would be huge: $15.1 billion for the offshore route and $17.2 billion for the highway route. "I think this could be made attractive to a number of investors," said Ken Thompson, a former oil company executive who sits on the governors' natural gas team. Thompson said that tax incentives, a lower return on investment and a higher value for liquid natural gas from the pipe would make the project a worthwhile investment. If the oil companies are not interested, natural gas transportation companies such as Williams, El Paso or Enron might be, Thompson said. Exxon, Phillips and BP are still refining their analysis of the project. But the two executives made clear that they consider the project a long shot both for its high costs and high risks. Schilhab said that opportunity remained to make the project an attractive investment by cutting construction costs. The companies also want to streamline the permitting process to avoid delays. The presentation dented but did not destroy the optimism of the governor's gas council. "I don't like seeing the number. But it's a lot different from saying no way, no how, we're shutting our doors and going home," said Pat Pourchot, state commissioner of natural resources. Pourchot said that the producers' position underlined the need for incentives like federal tax breaks similar to those being proposed by the Knowles administration. Exxon, BP and Phillips are split on the incentives. To address the risk of low prices, Phillips wants a tax credit if prices fall below a certain level. BP and Exxon say they want a project that is viable without tax breaks. Federal legislation is slated for consideration next week in Washington, D.C. USA: U.S. Cash LPG-Market gains on NYMEX crude strength. 09/27/2001 Reuters English News Service (C) Reuters Limited 2001. NEW YORK, Sept 27 (Reuters) - U.S. cash propane prices gained early Thursday, and boosted other liquefied petroleum gas (LPG) prices tracking an uptick in crude oil futures on the New York Mercantile Exchange (NYMEX), traders said. Propane gained 1.75 cents to trade at 38.75 cents a gallon in Mont Belvieu, Texas and 1.00 cent to trade at 43.25 cents a gallon in Conway, Kansas, players said. Midday, the NYMEX November crude oil contract traded 33 cents higher at $22.71 a barrel on short-covering and technical trade, after a seven-day slide that halted Wednesday. November natural gas futures lost 2.80 cents to be bid at $2.25 per million British thermal units (mmBtu) after bearish inventory data was released on Wednesday. Ethanes were steady, with no deals heard on mix in either hub, and purity trading steady at 23.75 cents a gallon in Belvieu. Trade on the heavies remained thin. Natural gasoline traded 2.00 cents higher in Belvieu with Enron barrels at 51.00 cents a gallon. Conway product talked at 63.00/67.00 cents a gallon, players said. Normal butane traded at 47.00 cents a gallon in Belvieu and at 39.38 cents a gallon in Conway compared to no confirmed deals on Wednesday, dealers said. Isobutane traded at 47.00 cents a gallon in Belvieu, while Conway product was offered 0.50 cent higher at 44.25 cents a gallon, traders said. - ((Soo Youn, New York Energy Desk, 646-223-6057, [email protected])). UK: Enron ups online metals transaction sizes. 09/27/2001 Reuters English News Service (C) Reuters Limited 2001. LONDON, Sept 27 (Reuters) - Commodities trader Enron has amended its internet trading platform EnronOnline (www.enrononline.com) to allow some users to increase the size of metals transactions. For selected clients, Enron is now making markets in three months copper and aluminium for maximum 200-lot transactions, compared with the standard 20-lot markets on the system. For the larger-volume deals Enron is quoting a wider $4 bid-ask spread rather than the standard $2 spread. Joe Gold, president of Enron Metals, said, "The 200-lot market was developed because a number of people asked us to put something of a larger size on there." He said the 200-lot market was open to a restricted number of users, but was not focused on any one particular section of the market. "People who like large lots tend to be big producers, some of the funds, and so on. They're people who have a commercial relationship with us already," he said. Traders said the increased transaction size could give Enron an added edge when competing for fund business. "It's a big step up in liquidity. If I was them my first call would be to the top 10 fund managers to say 'why don't you stop messing around with phone calls and come to the screen where you can trade 200 lots at the click of a button?'" said one. "Even if they don't manage to get these guys' business, they've raised the bar. Their other clients may have to conform to the Enron model, offering 200-lot deals and maybe a $3 spread if they want to beat Enron." U.S.-based Enron Corp became a major player in the metals trade in May last year when it acquired MG plc, a leading independent international metals dealing firm in London which had previously absorbed fellow LME ring-dealers Rudolf Wolff & Co and Billiton Metals Ltd. In July last year the company announced the first physical metals transaction on EnronOnline. The system differs from the screen trading systems operated by the London Metal Exchange (LME) and UK-based metals and energy broker Spectron in that the trading platform is open to a broad range of users but Enron is the sole counter-party in each transaction. Both the LME's LME Select and the Spectron trading platform enable trading between individual users, but limit membership to Category 1 (ring dealing) and Category 2 (associate broker clearing) members of the LME. INDIA: State-run Indian firms don't want Enron's assets. 09/27/2001 Reuters English News Service (C) Reuters Limited 2001. NEW DELHI, Sept 27 (Reuters) - Leading state-run firms have rejected proposals from financial institutions to acquire assets of U.S. energy firm Enron's Dabhol Power Co, officials said on Thursday. Enron wants to sell its 65-percent stake in Dabhol Power Co which is embroiled in a payments dispute with a local utility. Officials said some financial institutions had suggested National Thermal Power Corporation (NTPC), Oil and Natural Gas Corp and Gas Authority of India Ltd could buy the troubled Dabhol Power Co's assets. NTPC Chairman C.P. Jain told reporters the company had written to the federal government that it was not interested in the project. "We don't think it is a commercially viable proposition for the organisation." Officials said financial institutions had also proposed that ONGC and GAIL could buy the LNG import and regasification facilities of the Dabhol plant south of Bombay. ONGC Chairman Subir Raha said ONGC was not interested. "Right now it is not on our table. We are not considering it," he told reporters. Dabhol's first phase has a generating capacity of 740 MW. It has been idling since May when Maharashtra State Electricity Board (MSEB), its only customer, stopped buying power saying it was too costly and that Enron had violated a part of the contract. Dabhol's second phase was 97 percent complete when further construction was stopped because of the dispute. The first phase used naphtha as fuel, but the second phase, that will have a generating capacity of 1,444 MW, will use LNG as fuel. Poland may have large gas surplus, expert says 09/27/2001 BBC Monitoring Source: PAP news agency, Warsaw, in English 1443 gmt 27 Sep 01/BBC Monitoring/(c) BBC ext of report in English by Polish news agency PAP Warsaw, 27 September: Even in the most optimistic prognoses for gas consumption in Poland, there will be a large gas surplus due to contracts signed, Jaroslaw Astramowicz from Enron Poland Sp. z o.o. said on Thursday [27 September]. Astramowicz made the comment while taking part in a panel on diversification of gas supplies at the "oil and gas" trade fairs. According to Poland's energy policy, demand for gas will reach 18bn cubic metres annually in 2005, 20bn in 2010, 25bn in 2015, and almost 30bn cubic metres in 2020. Astramowicz describes as "unlikely" the policy assumption that the electrical energy sector will be using 3.1-3.5 billion cubic metres per year by 2005. "The sector's level of gas consumption in 2005 will be considerably lower than that quoted in the government's programme, which means that in that sector alone there will be a huge surplus," Astramowicz says. He says the surplus could come to 2-2.5bn cubic metres. "There will definitely be too much gas, and that gas will come from long-term contracts. Poland will have big problems paying for contracted gas within existing and signed contracts," he said. Enron Poland trades in electrical energy and natural gas. India: Godbole panel submits report Our Special Correspondent 09/27/2001 The Hindu Fin. Times Info Ltd-Asia Africa Intel Wire. The Hindu Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd MUMBAI, SEPT. 26. The Godbole Committee - appointed by Maharashtra to negotiate power tariff rates with Enron - has made sweeping recommendations with a view to bring down the rate to Rs. 2.25-2.40 per unit. Since the Centre's counter-guarantee liability for the project is Rs. 2500 crores, New Delhi should raise the same amount by issuing bonds and lend it to the Maharashtra Government as an interest-free loan, the Committee has recommended. The project should be exempted from paying custom duty on the import of the LNG and the machinery for handling the LNG and if Dabhol Power Corporation is not entitled to income tax concessions for 10 years, the facility should be extended to it. The Committee wants the shareholders to forgo 75 per cent value of their investment in the project and rescheduling of Dabhol's loans. Besides, efforts should be made to find an alternate investor to replace Enron. Other recommendations include the separation of the fuel facility from the project, renegotiation of fuel supply and shipping and restructuring of the tariff. The Maharashtra Chief Minister, Mr. Vilasrao Deshmukh, told reporters that the State Cabinet had taken note of the recommendations in its meeting today. The Committee has stated that it was not necessary to negotiate with Enron since the power major had expressed a desire to quit the project. The Committee spoke to representatives of the electricity boards of Karnataka, Madhya Pradesh, Delhi, Rajasthan and Haryana to explore the possibility of selling the excess power to them, but found that these States could buy electricity to some extent if the tariff was brought down to Rs. 2.25-2.40. The power needs of these States is temporary. The Hindu-Editorial: Muddying a quagmire 09/27/2001 The Hindu Fin. Times Info Ltd-Asia Africa Intel Wire. The Hindu Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd ANY FAINT HOPES about the murky Dabhol Power Project crisis being sorted out by the contracting parties - the Enron Corporation, the Maharashtra State Electricity Board (MSEB), the State Government and the Centre which provided the sovereign guarantee in favour of Dabhol Power Company - now appear to have been ruined by the Maharashtra Government's resort to "the theatre of the absurd". The decision of the Vilasrao Deshmukh Government to have a judicial probe into the entire Enron deal abinitio is not a mere exercise in evasion of the responsibility of the State Government to strive for a process of renegotiation of the contract perceived to be loaded against the virtually bankrupt MSEB (which is unable to pay for power purchased from the Dabhol Plant-Phase I); what is involved is a brazen blackmailing strategy through which the State Government perhaps hopes to drive the Enron Corporation down to its knees to settle for an exit course at a substantial discount on its equity stake, estimated at $1.2 billion. The Centre is not blissfully unaware that its own obligation as a surety for the State Government is now seen as an empty promise with all its pervasive adverse image of the country as an undependable and vulnerable investment destination. The reported remark of the Union Minister for Power, Mr. Suresh Prabhu, that the new twist to the Enron tangle is "unfortunate" but that it would not affect foreign investments in the future, in the power sector in India, is indeed adding insult to injury. The script, as it is unfolding in the Enron muddle, can leave nobody in doubt that from the very beginning the contract has had a large element of political manipulation driving it. The allegation that the Enron Corporation was able to manoeuvre itself into a power purchase agreement which was decidedly exhorbitant in power tariff owing to the "padding" of capital cost and the denomination of tariffs in U.S. dollar terms (apart from the use of naptha as feedstock) is said to have been corroborated by the Madhav Godbole Renegotiation Committee set up by the State Government. Assuming that a whole chain of bureaucratic scrutiny from the Power Ministry at the Centre down to the MSEB, over a four-year period, did not unravel the odious features of the Enron contract, how does it exonerate the MSEB, the State Government and the Centre now, from non-compliance with the contract in its different stages? Political muck-raking, which is what is now being sought to be substituted by the Vilasrao Deshmukh Government (with the tacit approval of the Congress High Command) for an honourable modusvivendi on the Enron imbroglio, can never pass muster so long as the arbitration clause in the Enron contract cannot be wished away. It would indeed be a reckless misadventure for the Vajpayee Government to let the Maharashtra Government renege on the power purchase agreement with the Dabhol company and simply watch the disintegration of India's first-ever and much-vaunted mega power plant put up on the basis of foreign investment. Given the deplorable inadequacies in the power infrastructure in the country even after ten years of liberalisation and the demonstrated incapacity to add even 5000 MW of power generation capacity a year, it would be utter folly to abandon the Dabhol project without its full capacity of around 2000 MW being leveraged for the industrial advancement of the country. Reports indicate that the U.S.-based Enron Corporation has expressed a desire to quit from the Dabhol project. The Indian financial institutions which have a substantial exposure to the capital cost of the project cannot afford to wait in supplication for some miracle to happen for the Dabhol project to stay afloat. It is no less a challenge to them as to the Vajpayee Government to find a way out of the morass. Let the project be revived as an earnest of India's commitment to development rather than be rubbished as a monument of political corruption. India: Talks on to solve Enron tangle Our Special Correspondent 09/27/2001 The Hindu Fin. Times Info Ltd-Asia Africa Intel Wire. The Hindu Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd NEW DELHI, SEPT. 26. Some serious behind-the-scene negotiations are on at the level of the Central Government to resolve the Enron tangle involving the Maharashtra State Electricity Board (MSEB) and the Enron-promoted Dabhol Power Company (DPC). A team of secretaries from the Ministries of Finance, Power, Law and Petroleum with the occasional inclusion of the Chief Secretary of Maharashtra, has been meeting frequently to explore ways to salvage project and to safeguard India's image as a favoured investment destination. The core group has had a series of meetings not only with the two parties but also with financial institutions and other interested parties who might consider taking over the power project. However, top sources in the Power Ministry declined to give any details at this juncture, saying it would jeopardise the negotiations. The Ministry has, however, not taken kindly to the letter by the Enron Corporation chairman, Mr. Kenneth Lay, to the Prime Minister, Mr. Atal Behari Vajpayee, in which he has been critical of the Central and State Governments. "Writing letters will not resolve the problem. If that were the case, the Indian Government too has much to say on the issue, but it would only complicate matters," sources in the Power Ministry said here today. The Centre was playing the role of a facilitator and would soon find a solution to the problem as soon as possible, the sources said. Power rates in some areas expected Evangeline L. Moises 09/27/2001 BusinessWorld (Philippines) Fin. Times Info Ltd-Asia Africa Intel Wire. BusinessWorld Copyright (C) 2001 All Rights Res'd Power rates are likely to go up in the coming months as state-owned National Power Corp. (Napocor) tries to recover some P273.21 million in costs. In one of the last orders it issued before it was dissolved, the defunct Energy Regulatory Board (ERB) - now known as the Energy Regulatory Commission - allowed Napocor to recuperate about P1.333 billion in uncollected charges covered by Fuel and Purchased Power Cost Adjustments (FPPCA) from March 1996 to December 2000. But at the same time, ERB ordered Napocor to refund customers in Luzon and Mindanao some P1.060 billion in overcharges during the same period. This leaves Napocor to collect the P273.21- million difference. FPPCA is an automatic pricing mechanism that allows Napocor to recover through rate hikes all additional costs arising from changes in fuel costs and the purchase price of power under Napocor contracts with independent power producers (IPPs). The ERB order allows Napocor to collect about P1.271 billion from customers connected to the Cebu-Negros- Panay grid. A big part of this amount covers uncollected adjustments from Napocor's contract with Philippine National Oil Co.-Energy Development Corp. for the operation of Leyte-Cebu and Leyte-Luzon geothermal plants. Napocor is also expected to collect some P4.87 million in fuel price adjustments from customers connected to the Bohol grid. Most of Napocor's power plants in the area use diesel and bunker oil. Napocor also stands to collect about P57.15 million from customers connected to the Leyte-Samar grid, as the Leyte-Luzon geothermal plant went on stream last year. On the other hand, Napocor is expected to reimburse some P22.34 million to customers in the Luzon grid, and P1.03 billion to customers in the Mindanao grid. "During the period March 1996 to December 31, 2000, there were also discrepancies in the purchased power cost adjustment due to the inclusion of two IPP contracts, namely Enron Subic 1 and Marcopper, which have already expired and the inclusion in the computation of the cost of operation and maintenance of several of its leasehold management contracts," ERB said. The board also directed Napocor to submit a proposal on how to implement the order before finally billing or reimbursing its customers. A Napocor official, who requested anonymity, told BusinessWorld in an interview yesterday that the firm may implement a uniform adjustment on all grids to recover the remaining P273 million. The alternative is to either refund or collect from specific grids, in which case the rate adjustments will be gradual, the official said. Customers in the Cebu-Negros-Panay grid will bear the biggest rate adjustments. At the same time, Napocor admitted that it cannot do a one-time refund of the entire P1.03 billion to customers in Mindanao given its financial condition.
{ "pile_set_name": "Enron Emails" }
Ben, I'm e-mailing you a copy of the presentation that I'm printing. Your presentations should be ready at 7:30 pm. Have a great day!!! Sergai T. 5-8036
{ "pile_set_name": "Enron Emails" }
Can you please provide me with the clean copies of the licenses Angela is referring to? If I need to come pick them up to copy them, give me a call and I will do so. Thanks! -----Original Message----- From: Davis, Angela Sent: Tuesday, December 11, 2001 7:12 AM To: Jones, Tana Cc: Daniels, Eddy; Koehler, Anne C.; Hansen, Leslie Subject: Data Room Index Please distribute the revised index to the above persons and to me. Thanks. Also, could you assist me in getting clean copies of the licenses from Laine Borgman. We redacted the copies she sent and need unredacted forms now. Angela D. Davis Enron North America Corp. 1400 Smith Street, EB3817 Houston, Texas 77019 Tel: (713) 345-8347 Fax: (713) 646-3393 e-mail: [email protected]
{ "pile_set_name": "Enron Emails" }
Colleagues: I am seeking your help to compile the accomplishment for GA during the period Nov 2000 - April 2001. Of course, these accomplishments are the summation of your efforts either individually or through your group, and the total shall indicate the contribution of GA to the corporate objectives of Enron. The aggregation of your inputs shall be one of the primary sources that Rick and Steve will use in communicating GA impact to all stakeholders in the company. I would like to suggest to use the attached excel file to document your accomplishment for the period. I hope that it shall assist you to identify your contribution, your estimate of value, and a line, or two, explaining the methodology you used to arrive at your value. I hope to receive your inputs by May 16th (next Wednesday), so that I can compile the inputs and issue the first draft for discussion by Monday 21st. Of course, please let me know if you have any question. Brgrds AI 713-853-3037
{ "pile_set_name": "Enron Emails" }
This is interesting. Prepared for IEP using data, I assume, from the K. Connell website. Possibly useful in response to EOB's latests rehearing request to fold in DWR contracts into the refund proceeding?
{ "pile_set_name": "Enron Emails" }
I will be out of the office from 3/15 thru 3/25 on vacation. If you have any questions Mike Olsen ext - 35796 will be the point person. My desk will be handle by: Bob C. 3-6101 BMAR Create and send noms Bridge Back - HPL / HPL & ENA Mike 3-5796 Carhtage Hub Devon BMAR (Back up) HPL POOLS BP - AMOCO CENTANA (storage & HPL meter 7001) Tom A 3-6224 TUFCO Path HPL / ENA
{ "pile_set_name": "Enron Emails" }
There is no deal in system for a Cal `02 swap. Can you give me details on the deal (when done, price, vol., etc.)? Thanks, Errol -----Original Message----- From: Rostant, Justin Sent: Monday, October 22, 2001 10:52 AM To: McLaughlin Jr., Errol Subject: POWER THE POWER INVENTORY AND THE LISTING OF PJM TRANSACTIONS DO NOT SHOW A CAL02 SWAP, HOWEVER I HAVE A CAL02 IN MY SPREADSHEET. CAN YOU CHECK THE INVENTORY AND MAKE SURE IT IS CORRECT/UPDATED. ALSO, CAN YOU CLEAN UP THE INVENTORY SHEET TOWARDS THE FRONT BY REMOVINGTHE EXPIRED CONTRACTS AND THE ZERO POSITIONS. THANKS Justin Rostant Enron Financial Trading Desk. Phone: 713-853-6460 Mobile: 832-264-6333 Fax: 713-646-3239
{ "pile_set_name": "Enron Emails" }