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Could you check this out for me, I would appreciate it. Thanks.
-----Original Message-----
From: Nelson, Doug
Sent: Tuesday, October 23, 2001 8:16 AM
To: Williams, Jason (Trading)
Subject: SITARA 128354 - Jason
Jason,
SITARA #128354 for the weekend of Sept 8,9,10 2001 at 50,000 / day repurchase from PGLC, needs to have a ($0.01) deduct on the Chi.CG.GDP pricing.
Please update as soon as possible for my settlement and let me know so that I can re-draft.
If needbe, call to discuss.
Thanks,
Doug
x3-0560 | {
"pile_set_name": "Enron Emails"
} |
The following was received from a friend:
Most of us remember the Oliver North hearings, but do not recall the name
of Osama bin Laden as the terrorist that North was threatened by. It's
pretty evident in hindsight that we should have listened to Ollie!
In a recent university lecture the other day they played a video of
Oliver North during the Iran-Contra deals during the Reagan
administration.
There was Ollie in front of God and Country getting the third degree. But
what he said was stunning. He was being grilled by some senator who asked
him; 'Did you not recently spend close to $60,000 for a home security
system?'
Oliver replied, 'Yes I did sir.'
The senator continued, trying to get a laugh out of the audience, 'Isn't
this just a little excessive?'
'No sir,' continued Oliver.
'No. And why not?'
'Because the life of my family and I were threatened.'
'Threatened? By who.'
'By a terrorist, sir.'
'Terrorist? What terrorist could possibly scare you that much?'
'His name is Osama bin Laden.'
At this point the senator tried to repeat the name, but couldn't
pronounce it, which most people back then probably couldn't. A couple of
people laughed at the attempt and then the senator continued.
'Why are you so afraid of this man?'
'Because sir, he is the most evil person alive that I know of.'
'And what do you recommend we do about him?'
'If it were me I would recommend an assassin team be formed to eliminate
him and his men from the face of the earth.' The senator disagreed with
this approach and that was the end of the video clip.
It's scary when you think 15 years ago the government was aware of Osama
bin Laden and his potential threat to the security of the world. I guess
like all great tyrants they start small but if left untended spread like
the virus they truly are." | {
"pile_set_name": "Enron Emails"
} |
Are you the keeper of Enron's ISDA membership? If so, can you let us know
membership ID? Tracy Cooper/Cynthia Harkness in EBS Legal are interested to
access some ISDA publications which are limited to members only.
Thanks,
Sylvia Hu
Corporate and Law Information Services
x36775
-----Original Message-----
From: Flores, Nony
Sent: Monday, June 04, 2001 5:17 PM
To: Hu, Sylvia
Cc: Overturf, Elaine; Obrecht, Paulette
Subject: Re: ISDA
Sylvia,
You may want to check either with Mark Taylor or Tana Jones.
Thanks.
Nony
Sylvia Hu/ENRON@enronXgate 06/04/2001 05:01 PM To: Elaine
Overturf/ENRON@enronXgate, Nony Flores/HOU/ECT@ECT, Paulette
Obrecht/ENRON@enronXgate cc: Subject: ISDA
Hi!
Does anyone know who at Enron is the contact person for ISDA ( International
Swaps and Derivatives Association, Inc.) (http://www.isda.org) membership?
Sylvia
x36775
-----Original Message-----
From: Cooper, Tracy
Sent: Monday, June 04, 2001 4:53 PM
To: Hu, Sylvia
Subject: Hi Sylvia
Sylvia
we are members of ISDA -- we are listed as a primary member -- however there
is a place to logon and I don't have that password -- any idea who the keeper
of that would be?
thanks!
Tracy J. Cooper
Legal Specialist
Enron Broadband Services
Phone: (713) 345-9534
Fax: (713) 646-8537
[email protected] | {
"pile_set_name": "Enron Emails"
} |
The following notes are from Ken Smith from State Controller Kathleen
Connell's press conference today:
California State Controller Kathleen Connell held a press conference
today. Although the Dow Newswire said it would be to disclose long-term
contracts, the event focused on what she believes will be an additional
need for borrowing beyond the energy bonds.
She anticipates an additional $4 billion in borrowing will be needed in
February to meet expected costs. The borrowing should, she said, be
done as Revenue Anticipation Notes (RANs), short-term notes at a lower
interest rates (about 4%) that must be paid back by the end of the year,
rather than as additional energy bonds. She categorized the current
budget situation as &the same kind of environment as a bad budget year,8
and said California should maintain at least a 3% reserve.
She did not comment on individual contracts except to say there are 17
different contracts.
Charts her office had prepared showed that $5.136 billion had been spent
on energy purchases through 5/17/01; about 99% of that went to spot
market purchases. There was also a chart that showed projected
expenditures under the Governor,s plan to be $8.349 billion for the
period January 1-June 1, 2001, with about 89% of that going to spot
market purchases. How these numbers work together was confusing ) I
checked with a reporter, who said he was also unclear. I,ll try to get
this cleared up this afternoon.
An easel held a large photocopy of a $533 million check to Mirant, which
is the largest energy check written to date. More has been paid to
Reliant ) she put it at about 25% of total expenditures ) but &we have
never written a check to Reliant over $500 million8 because of the way
they invoice.
She said the Governor,s financial assumptions for power &do not fit into
the most likely scenario8 and that summer conditions will greatly affect
the actual spending needs. She noted that DWR estimates it will spend
$9.2 billion through June 30, 2002, although the PUC has only authorized
$7.5 billion.
The other significant announcement was that she plans to use her
authority with the Board of Equalization to hold hearings to determine
whether power plants sold by utilities have been properly assessed for
property taxes. Apparently, they are still on the tax rolls at previous
rates, but she believes the profits recorded by some generators means
the plants may be more valuable than their current assessments.
A press release was not distributed at the event, although there may be
one issued later today. | {
"pile_set_name": "Enron Emails"
} |
When: Tuesday, December 18, 2001 9:00 AM-10:00 AM (GMT-06:00) Central Time (US & Canada).
Where: 49c1
*~*~*~*~*~*~*~*~*~*
Bridge Line Information
Domestic 800-745-1000
International 801-977-0648
Code 8531935 | {
"pile_set_name": "Enron Emails"
} |
Jeff,
The newsletter is addressed to a wide audience in Enron, not
exclusively one group. We are providing forward interest rate
foreign exchange curves to multiple units of Enron
to revalue our assets. Maureen and Gwen spend
of lot of time answering questions regarding countries
like Argentina, Korea, Brazil, etc. The newsletter can
be used as a reference in answering many of those
questions.
Vince
From: Jeffrey A Shankman/ENRON@enronXgate on 04/02/2001 01:52 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: FW: GMM - 30 Mar 2001
This report is not great. I only like the G-7 bank info and the weekly
economic table. Any thoughts? Jeff
-----Original Message-----
From: Koepke, Gwyn On Behalf Of Maureen Raymond/LON/ECT@ENRON
Sent: Monday, April 02, 2001 11:05 AM
To: Hickerson, Gary; Shahi, Pushkar; Stuart, William; Delage, Darren; Su,
Ellen; Martina Angelova/LON/ECT@ECT; McFarland, Trena; Hess, Jurgen;
Kaminski, Vince; Fraser, Jennifer; Mehrer, Anna; [email protected];
[email protected]; Staley, Stuart; [email protected]; Boyt, Eric; Dallmann,
Shane; Armstrong, Aaron; Allario, John; Reed, Andrea V.; [email protected];
Mead, Paul; Sherriff, John; Harper, Richard; McGowan, Kevin; Reck, Daniel;
Beyer, Michael; Ruffcorn, Kevin; Hudler, Cindy; Ruane, Mark; Heu, Mog;
Mcleish, Alex; Mahoney, Chris; Whalley, Greg; Alkhayat, Alhamd; Haggerty,
John; Beck, Sally; Profir, Diana; Kristal, Yana; Clara
Carrington/HOU/ECT@ENRON; [email protected]; Foti, David; Ferlic, Suzanne;
McKeever, Tom; Thorn, Terence; Dupre, David; Boettcher, Thomas; Farmer,
Michael; Hutchinson, Michael; Gold, Joe; Fraser, Bridget; Dwivedi, Vikas;
Raghavan, Suresh; Bhavna Pandya/HOU/ECT@ENRON; Hill, Andrew; Lawyer, Larry;
EGMCONTENT; Ibarra, Felipe; Nordstrom, Mary
Subject: GMM - 30 Mar 2001
Please find attached this week's Global Markets Monitor, dated March 30.
Maureen Raymond-Castaneda and
Gwyn Koepke | {
"pile_set_name": "Enron Emails"
} |
Alan --
Not sure if the West Desk is interested in Demand Bidding issues with the
ISO, but wanted you to loop around with the commercial people to see if there
are any specific problems with the current ISO programs.
Please communicate any issues with Harry Kingerski.
Jim
----- Forwarded by James D Steffes/NA/Enron on 03/26/2001 08:33 AM -----
Harry Kingerski
03/23/2001 04:00 PM
To: Neil Bresnan/HOU/EES@EES, Jay Ferry/HOU/EES@EES, Fred L
Kelly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Jubran Whalan/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES
cc: Leslie Lawner/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
Subject: FW: Demand Bidding Legislation (what used to be AB31X- Wright)
We are working to get demand bidding into CA legislation (AB31X). The ISO
wants from us our laundry list of issues of why their existing programs are
inadequate. This is a great opportunity to influence them.
Neil and Jubran, could you give us your specific issues and suggestions? Jay
and Fred, any suggestions would be great from you also.
We will set up a call for Monday at 4 pm CST to discuss and will get phone
number out to you. Thanks.
----- Forwarded by Harry Kingerski/NA/Enron on 03/23/2001 03:50 PM -----
MDay <[email protected]>
03/23/2001 03:37 PM
To: "'Harry Kingerski'" <[email protected]>, "'Jim Steffes, Enron'"
<[email protected]>, "'Leslie Lawner, Enron'" <[email protected]>, "'Sandi
McCubbin Enron SF'" <[email protected]>
cc: "'Jeff Dasovich Enron SF'" <[email protected]>, "'Scott Govenar, Enron
lobbyist'" <[email protected]>, "'Sue Mara at Enron SF'" <[email protected]>,
"'Bev Hansen, Enron lobbyist'" <[email protected]>, "'Hedy Govenar, Enron
Sacto lobbyist'" <[email protected]>
Subject: FW: Demand Bidding Legislation (what used to be AB31X- Wright)
Here is a note from Mike Florio of the ISO Board. This is encouraging, he
wants to talk further about how the ISO programs can be changed to
accomplish what we want. What would be most helpful is an item by item
analysis by EES (read: Harry and his people) as to why the existing or
proposed ISO programs are inadequate (or why we need to have 31X amended to
have the ISO do programs for direct access customers parallel to the utility
programs in 31X.) I need this information soon in order to keep the
dialogue going with Florio. Thanks for your help. Mike Day
-----Original Message-----
From: Mike Florio [mailto:[email protected]]
Sent: Wednesday, March 21, 2001 7:51 PM
To: MDay
Subject: Re: Demand Bidding Legislation (what used to be AB31X- Wright)
Just to show how up to speed I am, I thought that the ISO was already
planning to do this. Their presentation on demand programs at the last
board meeting showed a scheduling coordinator option and a UDC option, with
different billing and settlement provisions for each. But it's hard for me
to judge what is adequate (and user-friendly) and what is not absent some
expert help. I'm definitely interested in the concept and have no great
faith in utility management of programs of this nature. Let's pursue.
MIKE
P.S. In his own inimitable way, Dan Richard "offered" me the ORA job way
back when. I said: "Gee, Dan, I thought we were friends!" When he acted
all surprised and hurt in that way of his, I reminded him that Marty Lyons
and Mark Loy come with the turf. End of discussion.
At 05:05 PM 3/21/2001 -0800, you wrote:
>Mike:
>
>I wanted your reaction to a proposal we were making in response to the
>Wright 31X bill on demand bidding programs. We strongly support these
>programs, and feel that ESPs can bring a lot of benefit to the program by
>aggregaring customers, educating them on the benefits of bidding
"Negawatts"
>and helping to meter and verify their load reductions. We are certain that
>we could help enroll more customers in the program than if the utilities
>alone were in charge. So, we proposed language for 31X which allowed ESPs
>to aggregate customers in the utility day ahead and hour ahead programs,
and
>proposed an additional day ahead program based on economic value, (not
>reliability criteria, like reserve margins).
>
>The utilities and the large customers wanted to clarify that we would not
>include direct access customers in the utility programs, because of the odd
>funding source (reductions from the amounts paid to DWR). We agreed with
>the concept, we don't want to fund demand reduction programs for Direct
>Access customers through DWR payments, but we also feel strongly that there
>should be similar non-discriminatory demand reduction programs for all
types
>of customers, including DA. So we came up with the idea of inserting
>language in the bill to require the ISO to institute demand bidding
programs
>which match the ones mandated in the bill for the IOUs. I gave our
>suggestion to Robin Larson, and I don't imagine you've seen it yet, but
>would you give me your reaction to the basic concept? I looked at the ISO
>website and tried to evaluate the demand bidding programs already in
>place--with a limited amount of understanding, but Enron's business folks
>indicated that they did not consider the existing programs to be the
>equivalent of what the utilities will be implementing. If that is so, how
>about putting similar programs in place so we can actively market and
>encourage all customers to bid their negawatts (especially the economic,
bid
>and contract in advance deals) so that the ISO can count on the demand
>reductions in advance of a day's operations?
>
>I await your response.
>
>I am so sorry you are not the next ORA director, I was certain you would be
>appointed to that, too. (gallows humor)
>
>Mike Day | {
"pile_set_name": "Enron Emails"
} |
As we discussed in staff meeting this morning, please provide me with a
summary of any type of transport options imbedded in your assigned customer
accounts' contracts (i.e., contract #, Shipper name, explanation of option,
term of contract, term of option, how much advance notice to trigger the
option, etc.). I will incorporate these transport options into a capacity
spreadsheet which will be forwarded to our group.
Please try to forward this information to me at your earliest convenience.
Thanks.
Lorraine | {
"pile_set_name": "Enron Emails"
} |
I'll be out the week between Xmas and the New Year.
Lysa Akin@ECT
12/19/2000 03:02 PM
To: Susan J Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Mona L
Petrochko/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Joseph
Alamo/NA/Enron@Enron, Marcie Milner/Corp/Enron@Enron, Richard
Shapiro/NA/Enron, James D Steffes/NA/Enron
cc: Mary Hain/HOU/ECT@ECT, Paul Kaufman/PDX/ECT, Alan Comnes/PDX/ECT, Ginger
Dernehl/NA/Enron, Marcia A Linton/NA/Enron
Subject: Vacation Plans
Just as an FYI , following are vacations schedules for the rest of the year
for the Portland Office:
Name Vacation Days
Paul Kaufman Dec. 27, 28 & 29
Mary Hain Dec. 20, 21, 22, 27, 28, 29, & Jan. 2, 2001
Alan Comnes None
Lysa Akin Dec. 22, 27, 28 & 29 | {
"pile_set_name": "Enron Emails"
} |
CONSENSUS Market Advisory Newsletter
Each Tuesday the CONSENSUS Newsletter will feature a leading selection from
225 +/- weekly articles from CONSENSUS National Futures and Financial Weekly
appearing online at <A HREF="http://www.consensus-inc.com/">
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=============================================================
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=============================================================
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<A HREF="http://www.consensus-inc.com/">Consensus - National Futures and
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This FREE weekly Newsletter publication is sent ONLY to people who have
expressed and interest in financial and investment information.
Please forward this Newsletter to your Associates/Friends.
SUBSCRIBE mail to: [email protected]
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=============================================================
TABLE OF CONTENTS:
1. Market commentary from current issue of CONSENSUS National Futures and
Financial Weekly.
2. Featured commodity of the CONSENSUS Index of Bullish Market Opinion.
3. Partial Outline of leading articles in current issue of CONSENSUS.
=============================================================
FEATURED SELECTION:
THE JANUARY EFFECT DID IT START THIS SPRING? by Kansas City Board of Trade,
Kansas City, Missouri
(December, 2000) When we embarked into the year 2000, industry analysts
questioned whether the phenomenon known as the January Effect would occur as
many changes were in store. There were many questions about Y2K and any
technical glitches that might appear. Thankfully, there were not any
problems, but a very different year was in store for the markets...
Read the complete article at <A
HREF="http://www.consensus-inc.com/newsletter/feature.htm">
http://www.consensus-inc.com/newsletter/feature.htm</A>
=============================================================
CONSENSUS Index of Bullish Market Opinion
Contrary opinion index of market advisors
75% + overbought
25% - oversold
FEATURED MARKET: COCOA: 29%
For more information on all of the CONSENSUS Index of Bullish Market Opinion
percentages please go to our sample online issue at
http://www.consensus-inc.com/01999si/
<A HREF="http://www.consensus-inc.com/">Consensus - National Futures and
Financial Investment Newspaper</A>
To obtain the CONSENSUS Index of Bullish Market Opinion for all 33 markets,
please call 900-328-1131 for only $2.99 per minute, updated each Tuesday by
8:00 PM Central Time.
=============================================================
To view TOTAL outline of current issue, visit our website <A
HREF="http://www.consensus-inc.com/">http://www.consensus-inc.com</A> "Issue
Preview"
PARTIAL OUTLINE OF FEATURED ARTICLES IN CURRENT ISSUE OF CONSENSUS FUTURES
AND FINANCIAL WEEKLY:
WILL THE ELECTION EVER END? by AIC Investment Advisors, Inc.
(December 4, 2000) For millions of Americans familiar with hotly contested
presidential election campaigns and then the concession speech by the loser,
either election night or the following day, the current morass in Florida is
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nothing more than town-hall hangers-on, the battle in various courts seems to
stretch to the horizon...
SOYBEAN PRICES: HEADED HIGHER by Richard A. Brock & Associates, Inc.
(December 1, 2000) Despite the fact a record amount of soybeans were
harvested in both North and South America in 2000, and Brazil and Argentina
are both set to produce another record crop, soybean prices have been working
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OPTIONS FOCUS by Salomon Smith Barney
(November 2000) Stock index futures and options provide investors with
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=============================================================
Thank you for reading the CONSENSUS Market Advisory Newsletter. In the future
we plan to include special offers, contests and other features. The next
issue of our newsletter will be e-mailed December 19.
CONSENSUS, INC.
PO Box 411128, Kansas City, MO 64141
816-461-2800 or 800-383-1441
mailto:[email protected] | {
"pile_set_name": "Enron Emails"
} |
Attention supervisors and managers!
Would you like to improve your ability to lead and manage your team? The EWS Development Center would like to invite you to The Managers Level Impact and Influence Program.
Date: June 14th and 15th
Time: 8:00 a.m. to 5:00 p.m. (both days)
Place Travis Room 1 at the Double Tree Hotel Down Town
Cost: $1,500
Target Audience: Sr. Specialist and Managers in a supervisory role
CPE credits available
Innovative Leadership is the cornerstone of Enron's ability to motivate and retain the industry's top talent. The Organizational Development and Learning group would like to invite all Enron managers to participate in a new leadership overview course.
This workshop will offer the tools you'll need to lead and manage others more effectively. In this course you'll gain knowledge and insight on leadership capabilities and receive resources you can readily apply at work. This two-day program, involving a maximum of 16 participants, has been specifically built to give Enron managers the information they need to succeed in our work environment. It is an interactive workshop including individual and group exercises designed to drive home insights and build skills that are relevant to your job.
Topic areas include:
? What is Leadership?
? Leadership Credibility
? Thinking Strategically
? Managing Change
? Directing Others
? Leading Teams
? Influencing Others
Participants will be asked to complete a short self-assessment before coming to the program. Additionally, each participant will leave with a detailed action plan and other resources to help manage their group and prepare for the next level of leadership.
To register for this class, log on to InvestInMe at http://www.corptraining.com/index.cfm?company=enron.
If you have any questions, please call 713 853-1816. | {
"pile_set_name": "Enron Emails"
} |
Steve,
RAC will be a bit unhappy about it. I think that Bjorn will object to it.
Let me talk to you tomorrow over the phone and discuss it.
The question is how to present it to RAC in a such a way that
Rodrigo will not be put in a bad light.
Vince
Steven Leppard
11/06/2000 06:37 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: In confidence
Hi Vince
I've had a chat with Rodrigo Lamas, who is a bit unhappy in his current role
in RAC (he wants to be a bit more proactive, and finds the inertia
frustrating). I would be very interested in bringing him into Research with
responsibility for VaR/risk mgt, which is where his professional experience
lies. He also has a PhD in optimization from Imperial College London which
I'm sure we can make use of.
There will obviously be some political issues involving such a move only 4
months into his career at Enron, and if you're able then I'm sure he'd
appreciate a chat with you.
We're awaiting your response before Rodrigo mentions this to anyone else.
Steve | {
"pile_set_name": "Enron Emails"
} |
7ish
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Beer???
What time ?
Chris Germany
12/07/2000 02:38 PM
To: Jim Homco/HOU/ECT@ECT
cc:
Subject: Re: Beer???
Need you ask? BW3
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Beer???
Where are we going ?
Chris Germany
12/07/2000 01:18 PM
To: Jim Homco/HOU/ECT@ECT, Jay Knoblauh/HOU/ECT@ECT
cc:
Subject: Re: Beer???
I got the first round, 1 beer, 6 straws.
To: Jay Knoblauh/HOU/ECT@ECT
cc: Chris Germany/HOU/ECT@ECT
Subject: Re: Beer???
How many are you going to order in the first round ???
To: Jim Homco/HOU/ECT@ECT
cc: Chris Germany/HOU/ECT@ECT
Subject: Re: Beer???
if somebody picks up the first round then I'll pick up the next ten. | {
"pile_set_name": "Enron Emails"
} |
Richard,
Below is the resume of a friend of George Hope, a member of the Online Team.
As head of legal recruiting, if it meets the needs of any particular group,
please pass it on.
----- Forwarded by Tana Jones/HOU/ECT on 01/02/2001 09:04 AM -----
George Hope
01/02/2001 08:58 AM
To: Shari Stack/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT
Subject:
Shari,
I hope that you had a good holiday. This resume is a very good friend of
mine who wants to get on here at Enron and I wanted
to forward her resume on to you. I was hoping you could take a look and let
me know if you have any needs in your group or if you could
recommend that I send it to any other groups. I have spoken to Tana Jones who
said that she has no needs at this time, thank you for your
time.
George Hope | {
"pile_set_name": "Enron Emails"
} |
Per your request, the following documents are attached:
2002 Proposed Budget Midwest Region
Midwest Plan
Deployment of Personnel
Thanks
Laurie | {
"pile_set_name": "Enron Emails"
} |
(See attached file: hpl0616.xls)
- hpl0616.xls | {
"pile_set_name": "Enron Emails"
} |
Start Date: 4/20/01; HourAhead hour: 12; No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.
LOG MESSAGES:
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042012.txt
---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
Details: (Hour: 12 / Preferred: -800.00 / Final: -799.97)
TRANS_TYPE: FINAL
SC_ID: EPMI
MKT_TYPE: 2
TRANS_DATE: 4/20/01
TRADING_SC: DETM
PNT_OF_INTRC: NP15
SCHED_TYPE: ENGY
PURCH_SALE: 1
DEAL_NO: 1 | {
"pile_set_name": "Enron Emails"
} |
Enclosed are the following documents: 1. Cover letter to the docket clerk
2. The
Reply Brief of El Paso Natural Gas and 3. Certificate of service, which were
sent to the CPUC today for filing.
They are all saved as Word Documents. My telephone number is (415) 984-9636
if you have difficulty opening the documents.
Hard copies have been mailed to all active parties in the matter.
- EPNGCOV2.DOC
- REPLY2.DOC
- COSDR1A.DOC | {
"pile_set_name": "Enron Emails"
} |
Dear ?Keith Holst,
Thank you for your enquiry for DISCOUNT ECONOMY CLASS FARES TO Sydney
FROM Los Angeles(LAX) TO Sydney(SYD), round trip ticket on Air New Zealand
Departing on or around December 19th, 2001 Return: 16 days
(weekend surcharge may be additional, minimum and maximum stay may be required):
PUBLISHED FARE p/p $1768.00
YOUR INTERNET DISCOUNT PRICE p/p $1457.00 + taxes; *CREDIT CARD PAYMENT PRICE*
YOUR INTERNET DISCOUNT PRICE p/p $1457.00 + taxes; *CASH PAYMENT PRICE*
**You have requested fares during Peak Holiday travel time. Space is limited and your exact travel dates may not be available. To obtain the lowest
possible fare you may need to be flexible on your travel dates. Please contact me as soon as
possible so we can check availability and confirm your options.***This price is your ETN discount price.
No reservation is currently held. We would be happy to check the availability and make a reservation once we confirm the spelling of the passenger's name as it appears in the passenger's passport. To submit FULL passenger names please click on reply and send names or click here: https://secure.adventure-bound.com/order.htm
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Adventure Bound Tours
International Division
[email protected]
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OUR ADDRESS:
Adventure Bound Tours
2152 E. Broadway Rd.
Tempe, AZ 85282
TELPH: (480) 968-3338 FAX: (480) 968-1515
WEB SITE: http://www.discountair.com
E-MAIL: [email protected]
OFFICE HOURS INTERNATIONAL DIV: 8:00am-6:00pm MST, Mon-Fri
9:00am-1:00pm MST, Saturdays
TELPH: (480) 968-3338 (800) 308-2345
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9:00am-1:00pm MST, Saturdays
TELPH: (480) 968-7889 | {
"pile_set_name": "Enron Emails"
} |
The attached file contains our daily volume requirements for 5/26 and the
following day(s) as listed . There are three worksheets labelled as
follows:
'Total Reqs': Contains the volumes that CES is requesting from Enron at each
of the delivery points and dates indicated in the columns labelled "NOM".
The
Enron schedulers will want to check this sheet to see how much gas is needed
at
a specific point. The AGL volumes are not timely and should be ignored until
further notice. CES schedulers note: the attached file is archived on
P:\Energy Ops\Enron\May_00\Daily\ *.xls, so you don't have to save a duplicate
copy elsewhere on the network.
'Daily Change' : shows the change (increase +/decrease -) in the daily volume
needed from Enron at the designated citygate delivery point relative to the
supply volumes arranged previously with Enron prior to the current date. For
the current gas day, the change is an intra-day change and is calculated using
the previous day's volume request for the current day (e.g., If the current
gas
day is 3/28, then the change is computed with respect to the 3/27 request for
3/28. Note that this procedure assumes that the prior day supply change was
in
fact effectuated). For tomorrow's gas day and any subsequent ones shown, the
change is computed as the latest Dth Nomination requirement less the
First-of-the-month supply volume plus or minus any adjustments made since the
first-of-the-month to the FOM supply for the (future) days shown. (e.g., If
today is 3/28, then the change for 3/29, 3/30, etc. is computed with respect
to
the first-of-the-month volumes for those days adjusted for any additional
purchases or sell-backs since the first-of-the-month thru 3/27.) This sheet
should be useful in determining prices for daily changes in gas volumes that
we
take or turn back. The column labelled "ENA Daily Swing +/- vs FOM volume'
shows the absolute magnitude of the daily swings allowed by ENA at
pre-specified prices. Prices for Swing volumes exceeding these magnitudes or
for swings at delivery points without pre-specified pricing must be
negotiated.
'Comments': Contains comments on selected items on various days.
Hans Herzog
ph: 703 561 6331
fax: 703 561 7317
- 05-26-00 daily volsAM.xls | {
"pile_set_name": "Enron Emails"
} |
I'm tellling everyone that I'm taking off tomorrow.
ckm | {
"pile_set_name": "Enron Emails"
} |
Kevin:
Here is a draft version of the contact list for the projects. We are adding
to the list LG&E and Nipsco. Please let me or Don know your comments.
Thanks for your time.
Ben
3-7998 | {
"pile_set_name": "Enron Emails"
} |
Dick,
Attached is the 15-year NBSK forecast delivered to Japan.
Monika | {
"pile_set_name": "Enron Emails"
} |
please put in rolodex
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/28/2000
09:17 AM ---------------------------
"Rosenberg, Loren" <[email protected]> on 11/27/2000
10:27:35 AM
To: "'[email protected]'" <[email protected]>
cc:
Subject:
Jeff:
Any chance you can hook me up through your friend with 4 Saturday Night Live
tickets for Dec. 2? I'm surprising Samantha with a trip to New York that
weekend. (She's never been, and I have decided to stop being the shame of
my family for not taking her).
Loren Rosenberg
Southern Company Energy Marketing
[email protected]
Voice 678-579-3391
Cell 678-488-5882
Fax 678-579-5843 | {
"pile_set_name": "Enron Emails"
} |
done.
Enron North America Corp.
From: Karen Lindley @ ENRON 01/17/2001 11:28 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Deals to be Extended on Meter 985097 - 12/00
According to the meter statement, there was overflow from November on meter
985097 and the following deals need to be extended for 12/1 only.
118532
101473
138017
Thanks and if you need further information, please let me know.
Karen | {
"pile_set_name": "Enron Emails"
} |
Sara,
Is the attachment the form of confirmation that would be employed for a
Enron/SCWC "contract for differences" transaction? I pulled it from the ISDA
website you mentioned. For Dave's benefit, the site is www.isda.org. Sara,
Dave advises SCWC on energy matters.
-- Dennis
Dennis W. De Cuir
A Law Corporation
2999 Douglas Boulevard, Suite 325
Roseville, California 95661
(916) 788-1022 Telephone
(916) 788-1023 Facsimile
[email protected] Email
This is a privileged and confidential communication.
- shortconf_matrix.pdf | {
"pile_set_name": "Enron Emails"
} |
Andrea,
The locations are all the same because I'm not sure exactly where they will
sit. The Cost Center is for my desk (West), and this will most likely change
as well. I think we need to meet them to see where they would be a better
fit. Thanks.
DG 3-9573
P. Ryan O'Rourke
EB3262C
Energy Operations
ENA
0413
103816
Darron Giron
Bart Roy Burk, Jr.
EB3262C
Energy Operations
ENA
0413
103816
Errol McLaughlin
Biliana Pehlivanova
EB3262C
Energy Operations
ENA
0413
103816
Kam Keiser
Enron North America Corp.
From: Andrea Richards @ ENRON 01/03/2001 11:51 AM
To: Darron C Giron/HOU/ECT@ECT
cc: Lisa Jones/NA/Enron@ENRON
Subject: First Year Analyst
Darron, per our telephone conversation this morning, please confirm that you
will take the following Analysts in your group for their first rotation.
P. Ryan O'Rourke
Bart Roy Burk, Jr.
Biliana Pehlivanova
Please provide the following information for all listed above.
Location :
Department :
Company Name :
Company Number :
Cost Center :
Reviewing Supervisor:
Thanks!
Andrea
x36499 | {
"pile_set_name": "Enron Emails"
} |
sure. i will give you a call before i pick you up. | {
"pile_set_name": "Enron Emails"
} |
Mark Taylor asked if we could make one additional change to the database.
He wants to move the "Restrictions" right after the counterparty name so it's
the first thing the dealmakers see when the open an entry.
Thanks, we really appreciate your help! | {
"pile_set_name": "Enron Emails"
} |
Dear Mark Taylor,
Just a reminder that your current Reliant Energy Entex statement is ready
for you to review at https://ebill.reliantenergy.com/logon/ You can pay
it immediately or schedule payment for a later date. As with paper bills
your payment is due about 2 weeks from the statement date. If you
participate in the Automatic Payment Plan (APP), your bank account will be
automatically drafted for the amount due. Remember, with Auto Pay no
action is required to ensure your bill gets paid.
Should you need to modify your account information, go to
http://www.reliantenergy.com/logon/ log into eBill and select User
Information. There you can update your information such as your email
address, change your password and add accounts.
As you use our eBill service, please do not hesitate to provide comments
through the Contact Us section of the site. Note too, our Frequently Asked
Questions section.
Again, thank you for choosing Reliant Energy,s eBill service.
Reliant Energy eBill Customer Care
http://www.reliantenergy.com/ | {
"pile_set_name": "Enron Emails"
} |
D'Ann,
This needs to go to Bill Williams, not Bill Williams III. The difference is subtle but is rather important if you want the correct person to receive your message.
Please make the appropriate change in your contact lists and address book.
Thanks,
Bill Williams III
Manager Short Term West Hourly Trading
503-464-3730
-----Original Message-----
From: Gordon, D'Ann
Sent: Monday, July 02, 2001 7:58 AM
To: Austin, Terri; Blackburn, Jody; Booth, Eric; Brunasso, Mario; Chmielewski, Robert; Coffer, Walter; Coleman, Mike; Dannhaus, Ed; Denetsosie, Troy; Fox, Bill; Garrison, John; Golden, Bruce; Gray, Stan; Greene, Bob; Hammond, Don; Kraszewski, Robert; Laidlaw, Scott; Mays, Wayne; Morris, Sandy; Mullen, Mark; Nanny, Michael; Rimbau, Robert W.; Rose, Steven; Soderquist, Larry; Squires, Elizabeth; Stovall, Darrell; Virgo, Robert; Williams III, Bill; Williams, Dan E.
Subject: Project Status Report for the week of July 2, 2001
Hello Everyone,
Here is the PSR for the week of July 2, 2001:
Thank you,
D'Ann Gordon | {
"pile_set_name": "Enron Emails"
} |
<<2XNK03!.DOC>> <<2XNKRED.DOC>>
Greg and Isabel:
We have enclosed clean and blacklined drafts of the closing checklist,
marked to reflect changes from the draft previously circulated. Please
review and advise of any comments. Thank you.
Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
[email protected] <mailto:[email protected]>
Enclosures: 136928v3
136920vR3/2
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.
- 2XNK03!.DOC
- 2XNKRED.DOC | {
"pile_set_name": "Enron Emails"
} |
so you are basically saying that you wouldn't take stephen davis for gonzo
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Gonzalez
No sir...
Enron North America Corp.
From: Eric Bass 08/21/2000 09:40 AM
To: O'Neal D Winfree/HOU/ECT@ECT
cc:
Subject: Re: Gonzalez
i repeat, uou have no offer?
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Gonzalez
He was my number 2 pick, and I don't want to hear about me drafting him too
early, else we would not be having this correspondence...
Enron North America Corp.
From: Eric Bass 08/21/2000 09:22 AM
To: O'Neal D Winfree/HOU/ECT@ECT
cc:
Subject: Re: Gonzalez
so, there is nothing on my team that you are willing to give up gonzo for, i
find that hard to believe
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Gonzalez
I took a peek at your squad and no go... Thrill kill will rule this bitch...
Enron North America Corp.
From: Eric Bass 08/21/2000 09:09 AM
To: O'Neal D Winfree/HOU/ECT@ECT
cc:
Subject: Re: Gonzalez
i will give you walls and terrence wilkins
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Gonzalez
Your top wide receiver and tight end, and I might throw in my fourth
receiver...
Enron North America Corp.
From: Eric Bass 08/21/2000 08:57 AM
To: O'Neal D Winfree/HOU/ECT@ECT
cc:
Subject: Gonzalez
What do you want for tony gonzalez? | {
"pile_set_name": "Enron Emails"
} |
I do not think I need to attend this. Let me know if you feel otherwise.
Thanks | {
"pile_set_name": "Enron Emails"
} |
Just letting you know EL Paso now has another person that needs to get the
model everyday. Also, Roger has not been getting the model consistently. I
don't know if this is an email system problem or an oversight by us. Either
way it makes us look bad. Here is the new email address put it in your
address book and use it wisely:)
[email protected], [email protected], [email protected]
Thanks
Leaf | {
"pile_set_name": "Enron Emails"
} |
?
- 05_07_01ON.xls | {
"pile_set_name": "Enron Emails"
} |
USA: INTERVIEW-El Paso had no reason to inflate price-chairman.
Reuters English News Service, 05/21/01
Former TVA director signs as Enron lobbyist
Associated Press Newswires, 05/21/01
'Enron's allegations will hurt foreign investment'
The Times of India, 05/22/01
Re-negotiation best: Deshmukh; lenders' SOS to Centre
The Times of India, 05/22/01
Enr-off and Enr-out
Business Standard, 05/22/01
Dabhol: more heat than light
Business Standard, 05/22/01
USA: Enron eyes entry into coffee, sugar, cocoa - trade.
Reuters English News Service, 05/21/01
Enron to End Involvement in $3.5 Billion Middle East Gas Project
Dow Jones Business News, 05/21/01
Bush Energy Plan Stirs Pot, But Not Energy Prices
Dow Jones Energy Service, 05/21/01
INDIA: India says optimistic about Enron settlement.
Reuters English News Service, 05/21/01
UK: INTERVIEW-Axia starts trading German, Italian power.
Reuters English News Service, 05/21/01
Brazil's Petrobras to Set Terms for Currency Risk on Gas Sales
Bloomberg, 05/21/01
Enron Target of Protests Over Energy Policy and Higher Prices
Bloomberg, 05/21/01
Enron Power Dispute May Cost India More Than $3.6 Bln (Update3)
Bloomberg, 05/21/01
Enron Withdraws From $2 Bln Middle East-Gas Project (Update4)
Bloomberg, 05/21/01
USA: INTERVIEW-El Paso had no reason to inflate price-chairman.
By C. Bryson Hull
05/21/2001
Reuters English News Service
(C) Reuters Limited 2001.
DALLAS, May 21 (Reuters) - El Paso Corp. had no incentive to inflate natural
gas prices on its pipelines to California because it had hedged most of its
gas to third parties before prices took off last year, the gas company's top
executive said on Monday.
The Houston-based company is currently fighting price-gouging claims brought
to federal regulators by the California Public Utility Commission and that
state's two largest investor-owned utilities, PG&E Corp.'s . Pacific Gas &
Electric and Edison International's Southern California Edison.
El Paso Chairman, President and Chief Executive Officer William Wise told
Reuters he expects his company to be cleared once it makes its case to the
U.S. Federal Energy Regulatory Commission in hearings this week.
"The last piece we think is very elemental and so easy to understand is that
we hedged our capacity into California. If we thought the gas prices were
going to go up, we wouldn't have hedged it. We were hedging it because we
thought prices would be flat or down," Wise said in his first interview on
the topic since El Paso began fighting the accusations several months ago.
Even SoCal Edison's main witness admitted during testimony last week that it
would be irrational for a market manipulator to hedge like El Paso did, Wise
said. Ninety percent of El Paso's gas was hedged to others in the period
during which the company was alleged to have raised prices.
On Monday, lawyers for El Paso continued fighting those accusations in
proceedings before FERC Administrative Law Judge Curtis Wagner.
The California trio alleges El Paso, California's largest natural gas
supplier, withheld capacity on its four pipelines into the state from March
through November 2000 in order to inflate prices. The CPUC alleges that cost
Californians an additional $3.7 billion.
Even in the worst case, if Wagner substantiates the claims and orders El Paso
to refund some of the money it made, Wise said the exposure will not be
great.
"I think in total last year, we didn't make more than $100 million in
California," Wise said during an interview following El Paso's annual
shareholder's meeting in Dallas.
The FERC already rejected a related accusation from the CPUC, which charged
El Paso rigged bidding in a capacity auction for its main pipeline into
California to favor a sister company.
Wise said he was confident that El Paso would prove that it did not withhold
pipeline capacity, as the company's accusers have alleged.
The genesis of the complaints to FERC is a desire by the utilities and the
CPUC to shift blame, Wise said.
"They're attempting to deflect away from decades of bad policy and bad
business decisions, both by the public utility commission and by the
utilities in which they did not build power plants and they did not build
natural gas infrastructure within the state," Wise said.
The most glaring infrastructure problem is the limited capacity to move gas
inside of California, especially from south to north. The utilities
traditionally countered that by storing natural gas, but Wise said they made
a critical mistake last year by selling stored gas at an arbitraged profit.
"They depleted storage, and by the time they figured this out, they needed
every bit of capacity just to serve the market and they had no capacity to
refill storage," Wise said. "Economics 101 would tell you you're going to get
prices spikes, and that's exactly what happened."
ACQUISITIONS STILL ON RADAR
Outside of California, Wise said that EL Paso will remain an active acquirer,
given its track record of executing mergers and acquisitions like its recent
$24 billion purchase of Coastal Corp.
"Do we buy an electric utility? Do we buy more (exploration and production)?
The market should expect us to do merger and acquisition activity within the
playing field that we have a demonstrated expertise in," Wise said.
Asked whether he had any interest in hometown rival Enron Corp.'s Portland
General utility, which is on the block again after Enron's $3 billion sale
with Sierra Pacific Resources Corp. fell through last month, Wise answered:
"The utility side of the business is not my favorite side of the business.
The generation side of a utility could be interesting," Wise said.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Former TVA director signs as Enron lobbyist
05/21/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.
KNOXVILLE, Tenn. (AP) - Johnny Hayes, a former Tennessee Valley Authority
director, has been hired to lobby Congress for electric wholesaler Enron
Corp., a potential TVA competitor.
Hayes, who resigned from the three-member TVA board in January 1999 to become
the top fund-raiser for Al Gore's presidential campaign, registered this
month to lobby for Houston, Texas-based Enron, The Knoxville News-Sentinel's
Washington bureau reported Sunday.
Enron is one of the nation's largest energy companies, reporting $101 billion
in revenues last year compared to government-owned TVA's $6.7 billion.
Enron spokesman Eric Thode confirmed Hayes has been hired to work for the
company, but refused to say his salary. Enron paid another lobbyist $415,000
last year, records show. Hayes' salary at TVA was $118,400 annually.
Hayes, a former Tennessee economic and community development commissioner who
lived in Gallatin, did not immediately return calls to The Associated Press
for comment.
Stephen Smith, executive director of the TVA watchdog and environmentalist
group Southern Alliance for Clean Energy, said he is concerned about a TVA
insider joining ranks with a potential TVA competitor.
"As a board member for TVA, one knows where a lot of the skeletons are
throughout the agency," Smith said. "What is always a concern is when you
step out away from the organization, do you potentially now profit from that
and turn it against consumers in the Valley?"
Hayes was hired to lobby "on energy issues, TVA-related, kind of a host of
issues that would affect that area and be related to energy," Thode said.
The lobbying "may include TVA, but it would be a variety of things," he said.
"We're looking at things, projects all over the nation at all times."
TVA and Enron have done business before. TVA contracted with Enron to provide
power during peak periods in the summers of 1998 and 1999. When Enron failed
to deliver, TVA sued and recovered more than $200 million.
That experience also resulted in TVA deciding to devote money that might have
been used to trim its $26 billion debt to buying more peak-power gas turbines
of its own.
Hayes, who registered under the company name of Sideview Partners Inc., also
signed up to lobby for Gas Generation, a subsidiary of Tractebel Power Inc.
of Houston, and Voith Siemens Hydro Power Generation, a Pennsylvannia company
with offices in Chattanooga.
---
On the Net:
Enron Corp: http://www.enron.com/
TVA: http://www.tva.gov/
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
'Enron's allegations will hurt foreign investment'
A Staff Reporter
05/22/2001
The Times of India
Copyright (C) 2001 The Times of India; Source: World Reporter (TM)
PUNE: Unhappy with Enron for its "extreme" step of serving a pre-termination
notice (PTN) to the Maharashtra government over the issue of continuance in
Dabhol Power Project (DPP), former chief minister of Maharashtra Sharad Pawar
said the US power company's charges of political interference would create a
negative impression about India in the minds of foreign investors.
Although the resignations of three members from the Madhav Godbole committee
was unfortunate and led to some confusion, it did not warrant such a drastic
step by Enron, Mr Pawar said. The US power major should not discard the
option of negotiations, he added.
Advising an amicable solution to the present deadlock between Enron and the
Maharashtra government, he said, the state is no position to buy the costly
power to be supplied by Dabhol Power Company (DPC) from its second phase in
near future. "Moreover, the state does not have a demand good enough to
consume all the electricity offered by Phase II of Enron," he added.
Mr Pawar said, the surplus power generated by phase II of Enron could be
utilised by the Centre to bail out other states facing inadequate power
supply. "There are many states in the country, which have an acute power
shortage. Instead of going for new capital intensive power projects in these
states, the Centre should purchase the surplus electricity to be made
available by phase II of Enron," he clarified. Mr Pawar said, while the
Centre's change of mind on the issue of taking over DPC phase II was crucial,
it is imperative for the US power major to reduce its steep power price.
Asked about the financial implications arising out of Enron's likely exit
from the DPC, Mr Pawar said, such an eventuality should be avoided at all
costs. "The Centre and the State will have to pay astronomical costs if the
talks fail. The heavy penalty would be simply unbearable," he added.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Re-negotiation best: Deshmukh; lenders' SOS to Centre
The Times of India News Service
05/22/2001
The Times of India
Copyright (C) 2001 The Times of India; Source: World Reporter (TM)
NEW DELHI: ``The (best) solution lies in an amicable settlement,'' remarked
Maharashtra CM Vilasrao Deshmukh to journalists' queries here on Monday
regarding the Enron standoff.
The CM, who was here at the meeting called by the PM to discuss India's
position at the WTO talks on agricultural trade, reiterated the basic point:
His government was keen on negotiating and that was the only way out. The
Maharashtra electricity board just cannot afford to buy Enron's generation at
the current price, he said.
Queried on the latest set of notices between the two parties, Deshmukh said
what was being aired verbally is not so important. What is more to the point
is a willingness to find a way out.
PTI adds from Mumbai: Following Enron-promoted Dabhol Power Company's
issuance of the preliminary termination notice (PTN) to MSEB, its Indian
lenders have once again decided to seek the Centre's intervention to solve
the imbroglio.
"Like our earlier effort, even this time, we wish that the Union government
intervene and help diffuse the entire crisis amicably", FI sources said.
The Indian lenders, led by IDBI and a consortium of several banks including
SBI and ICICI have lent around $ 1.4 billion out of DPC's total $ 3 billion
2,184-MW project in Dabhol.
In fact, the sources said, IDBI along with the global lenders had written to
Union finance secretary Ajit Kumar in the first week of this month, seeking
the Centre's intervention to direct MSEB and the Maharashtra government to
pay dues up to Rs 213 crore towards the November and December 2000 bills.
"We had also asked the Centre to convince MSEB, and refrain it from issuing a
termination notice to DPC," they said.
However, Kumar in his reply, had put the ball in the lenders' court and asked
Indian FIs to take "the course deemed fit to them in this case".
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enr-off and Enr-out
Our Editorial
05/22/2001
Business Standard
15
Copyright (c) Business Standard
The Dabhol power project seems to be heading for a denouement, along two
parallel tracks. The company itself, there can be no doubt, is getting ready
to dump the project and pull out, just weeks before trial runs are due to
start on the 1,444mw second phase (the first phase of 740mw has already
stopped producing power). Dabhol Power has presumably seen the obvious: that
there is no way in which either the Maharashtra State Electricity Board or
the Maharashtra government will be able to meet their contractual obligations
and guarantees on power purchase. In its present form, therefore, the project
is as good as dead and one might as well recognise the fact. Can the project
be revived, and if so on what sustainable terms? A re-negotiation committee
has been put together and will meet Dabhol's representatives on Wednesday.
But three members of the committee have already walked off, citing one reason
or other, so the re-negotiation process hasn't got off to a propitious start.
Then, given the unpromising history of earlier re-negotiations and the
incompetence with which MSEB has handled its original negotiations, it is far
from clear whether anything substantial can be extracted from Dabhol
especially if Dabhol is clear about the legal ground on which it stands.
One must presume that Dabhol's promoter, Enron, and its American lawyers have
sewn up a watertight deal, without the bungling that has typified the Indian
handling of the matter. So it is likely that the cost of killing the project
will be heavy indeed, and perhaps unbearable, for both MSEB and the
Maharashtra government. Keep in mind the cost of the project ($2.9 billion,
or about Rs 14,000 crore) plus the present value of future profits foregone
and profits are said to be in the region of 30 per cent of equity, every
year. The numbers are staggering. Is there a way to not pay such a bill? Yes,
there are two possible options. One is for MSEB to reform its power tariff
structure (90 per cent of its customers are subsidised), cut its transmission
losses (which are as high as 30 per cent), and then to persuade the central
government to allow Dabhol power to be sold to other users as well. The
Godbole committee's first report, submitted some six weeks ago, suggests that
if handled this way, Dabhol can still be made a workable proposition provided
some re-negotiation of tariffs is done. Dabhol has said it is willing to
re-negotiate, but with its typical in-your-face style has asked for the moon
in return (among other things, tax breaks of all kinds). Since agreeing to
such terms will only add to the existing scandal of past mis-negotiations,
and since MSEB is not about to reform itself in a hurry, the prospects for
successful re-negotiation of a reasonable and workable tariff are slim. The
second way of avoiding footing an impossible bill is to go the
extra-commercial route, and use diplomatic pressure so as to force the
company to compromise substantially. But since Enron is among the firmest
supporters and biggest financiers of the new US president, it is difficult to
see diplomatic pressure achieving very much, unless President Bush recognises
a one-sided deal when he sees one, takes into account the bad odour that
might settle on other American companies and Indo-US relations in general,
and leans gently on Enron to compromise. However, these are will-o'-the-wisp
hopes and prayers, and no strategy can be predicated on their success. What
does that leave with MSEB and the Maharashtra government? The answer is: the
Godbole report. On which, read on.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Dabhol: more heat than light
A V Rajwade
05/22/2001
Business Standard
14
Copyright (c) Business Standard
The general impression propagated by the critics of the Enron-promoted power
project, and often accepted by the man on the street, is that MSEB and, as a
by-product, the citizens of Maharashtra, are victims of very high-cost power;
that the agreements were signed at the behest of corrupt politicians; and
that, therefore, the best course of action is to tear up the agreements and
forget about it. But the first phase of the power plant has been in operation
for a few years, and the second phase is also reportedly 92 per cent
complete. These are genuine productive assets that the economy will
eventually need, and cannot be wished away. Nor can the country afford to
renege with impunity, solemnly undertaken financial obligations.
In my regular weekly column (World Money, which appears on Mondays), I have
been a supporter of foreign investment and had criticised the initial stance
of the BJP-Shiv Sena government, which had terminated the contract, only to
revive the project on a much bigger scale, on the basis of the efforts of a
renegotiation committee appointed by it. The controversy has once again
become front-page news, given the inability of MSEB to pay the dues of Dabhol
Power Company (DPC). In turn, the MSEB has served notices for what it claims
are dues from DPC because of defaults, and the whole matter has become a
first-class mess. The recent report of the Godbole Committee is certainly a
step in the right direction, and the government has appointed another group,
once again led by Mr Godbole, to renegotiate the contracts with DPC/Enron.
Theoretically of course there are three possible culprits _ politicians, a
devious Enron that corrupted them, or a system whose competence (and
professional commitment) was less than adequate to evaluate the project
properly. To be sure, the committee has, while commenting on how the tariff
was shown to be within government of India norms, felt "this combination of
circumstances to be beyond the realm of coincidence". This is the closest it
has come to questioning the motives of those involved. But before drawing
conclusions, consider some basic issues. Demand estimation: The report
concludes that gross errors were committed in estimating the total amount and
nature of the demand for power in the state. The growth in the high tariff
group has been very limited (surely this was foreseeable at a particular MSEB
tariff, industry finds it cheaper to generate captive power), while
low-tariff demand has grown steadily. Again, the report argues that, on the
supply side, MSEB had enough generating capacity available for the so-called
"base load", to meet which plants have to run 24 hours a day. MSEB really
needed generating capacity, even according to its own demand projections, for
the intermediate and peak loads. While the fuel envisaged to be used in DPC
is ideal to take care of this, the plant load factor (PLF) used for cost and
tariff calculations is completely unrealistic for such a power plant. Were
these major errors in demand estimation and so on or political failure or
system weaknesses? Return on equity: If there were gross errors in the
demand-supply projection side, the assured 16 per cent return on equity, (at
68.5 per cent PLF) after tax, is also open to serious questioning. What is
truly amazing is that the return was the same in percentage terms
irrespective of whether the equity was contributed in rupees, dollars or
perhaps even yen and that too in the respective currencies! The Maharashtra
government is not responsible for this: it is government of India policy,
cleared at the highest ministerial levels. Before adopting the norm, did we
use concepts like Capital Asset Pricing Model (CAPM) which show that equity
market returns in all countries are not identical; that they crucially depend
on the risk-free rate of interest which is different for each currency.
Again, there are robust benchmarks available for quantifying the political
risk that a foreign direct investor faces (for example, the premium charged
for different countries by the Multilateral Investment Guarantee Association
of the World Bank). Was such analysis done before the 16 per cent tax-free
norm, and exchange-rate protected returns, were assured? If not, who is
responsible? The discount rate: I started thinking about the discount rate
used in the Power Purchase Agreement (PPA), for the calculation of the fixed
charge, on a simple issue. If for the first phase, the fixed charge is Rs 95
crore per month or, say, Rs 1,000 crore per annum, and is payable for the
next 20 years, what should be the rate of discount at which the present value
of these payments would be roughly Rs 3,000 crore, which is the cost of the
first phase? Moreover, the bulk of the fixed charge is indexed to the
dollar-rupee exchange rate in other words, for all practical purposes, the
fixed charge is a dollar-denominated outflow as far as MSEB is concerned. It
seems that nowhere is the discount rate used for calculating the present
value of the fixed charge outflows specified or documented! Empirical
analysis seems to indicate that the rate is about 17 per cent per annum! It
is worth noting that even in the dark days of monetary tightness in 1996, a
17 per cent discount rate would be too high for simple rupee obligations
guaranteed by the government of India it is absurd for discounting a stream
of what are effectively dollar payments. Elementary financial economics
requires that for calculating the present value of a dollar stream, the
discounting rate should be based on the US treasury bond yields of
corresponding duration. This has never been more than 7 per cent after 1994.
For the desired present value, therefore, the correct fixed charge needs to
be perhaps 40 per cent of what it is now! There is a similar logical flaw in
the dollar-denominated O&M charges being subject to Indian inflation. While
the latter point has been commented on in the report, the former has not been
adequately weighed. To be sure, this is something of a technical issue and
one cannot expect the average minister to understand it. The actual discount
rate used has inflated the fixed charges enormously: one suspects that Enron
knew this, hence the obvious efforts to hide the number. But surely the MSEB
and other officials and advisers dealing with the negotiations, should have
appreciated the crucial importance of the number, and insisted on
ascertaining the discount rate? It could of course be argued that the
political pressure was such that the civil servants were silenced from
voicing any objections they may have had on the various issues. Is there any
evidence in the notings on various papers to support that the issues of
financial economics pertaining to the case had been pinpointed? How is it
that the impracticability, nay impossibility, of more than half of MSEB's
revenue being escrowed for a single plant was not noticed by anybody? Were
not at least some of the issues important and significant enough for the
financial health of MSEB, and indeed the Maharashtra government, for at least
one bureaucrat to stand up? A way out: The Godbole committee has recommended
a package of proposals to resolve the tangle. One would like to add a
suggestion worth exploring. This is based on what happened in the now
celebrated dispute between Procter & Gamble (P&G), the US multinational, and
Bankers Trust Company (BTC) in the United States. P&G had entered into
various, complex derivative contracts with BTC. When it incurred huge losses,
it sued BTC on the grounds that it was persuaded to sign contracts the
implications of which it had not understood properly, and that therefore the
amounts already paid by it should be refunded and the contracts voided.
Admittedly, this was a novel plea to be taken by a litigant of P&G's
standing. Unfortunately, the case was settled out of court with BTC paying $
100 million-plus to P&G. But if P&G can claim that it did not understand the
implications of a financial contract, so surely can MSEB, particularly in
relation to discounting rate or the return on equity, and demand the
contracts be voided or renegotiated? But it is the Godbole Committee that
should have the last word on the issue: "The Committee would like to state
strongly that none of the solutions espoused for IPPs ... and DPC in
particular is tenable without the reform of MSEB, especially its distribution
business." That, perhaps, is the crux of the controversy.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: Enron eyes entry into coffee, sugar, cocoa - trade.
05/21/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, May 18 (Reuters) - Houston-based Enron Corp. , the largest natural
gas and electricity trading house in the United States, is looking to
continue its expansion into industries beyond energy with a move into the
cocoa, coffee and sugar businesses, industry sources said.
Enron has had conversations and interviews with members of the commodity
trade in recent weeks, using a London-based recruitment firm to help them,
the sources said.
"They are definitely interested in getting into the business. Enron has been
looking for physical traders. They have some internal people and are looking
for lieutenants with experience." said a cocoa trader.
"They are serious about softs. They have been sniffing around the marketplace
for several weeks now. If they come in they will be extremely visible,"
according to a coffee trader who interviewed for a position.
A representative of Enron's public relations department would only say that
the firm is constantly investigating different markets and opportunities.
"There is always a lot of speculation about what we (Enron) are doing,"
Habiba Bayi of Enron said on Monday.
Enron has been no stranger to industries outside the energy complex in recent
years and has aggressively embraced the communications industry by turning
broadband capacity into a commodity.
The broadband unit encompasses two distinct segments: the bandwidth
intermediation business, which turns Internet bandwidth into a tradeable
commodity; and the content services division, which engages in sales and
transmission of Internet content.
Enron has consistently said it does not expect its broadband arm to record a
profit until 2002 and instead has offered other measures of growth by which
to benchmark the unit's progress.
In May 2000 Enron Corp. announced their purchase of London-based MG Plc. MG
is a leading independent international metals dealing firm providing
financial and marketing services to the metals industry.
In July of the same year, MG Plc bought Rudolf Wolff Group, which had a soft
commodity brokerage operation to trade cocoa, coffee and sugar on the London
International Financial Futures and Options Exchange (LIFFE).
Traders speculated about what kind of business Enron might pursue.
"Will they do huge physical business? Not likely, I expect OTC (over the
counter) options which would hurt the exchange (New York Board of Trade),"
said one cocoa broker.
Another trader who looked at what Enron has done when they get into a new
business said, "They try to secure supply whether coal, electricity or steel.
It wouldn't be too hard to stop the certified (coffee) stocks on (the)
exchange."
"Stopping certified coffee is a relatively low risk trade," he added.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron to End Involvement in $3.5 Billion Middle East Gas Project
05/21/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)
DUBAI, United Arab Emirates -- U.S. energy giant Enron Corp. has decided to
pull out of a $3.5 billion natural-gas project, selling its 24.5% stake in
the Dolphin project to the United Arab Emirates Offsets Group, or UOG, Ahmed
Al Sayigh, managing director of Dolphin Energy Ltd., said Monday.
The Dolphin project, an initiative of the government-sponsored UOG, plans to
use natural gas from Qatar's North Field, the world's largest, to power
economic growth in the region. UOG and Qatar's General Petroleum Corp. signed
an agreement in principle two years ago for the project, which would pipe
natural gas from the offshore North Field to Abu Dhabi for delivery to Dubai
and Oman. UOG last year sold 49% of the project to France's TotalFinaElf SA
(TOT) and Enron (ENE).
Mr. Al Sayigh said the UOG will now talk to other companies about buying all
or part of Enron's stake, including TotalFinaElf. He said the French company
is interested in increasing its stake and will have first right of refusal. A
TotalFinaElf official confirmed that the company is interested in a greater
stake in the project.
TotalFinaElf is set to operate the upstream phase of the project, which
includes developing gas reserves in two blocks of the North Field. The first
wells are scheduled to be drilled in the second half of 2001 and come
onstream in 2004.
Enron's role would have been to focus on the midstream part of the project,
or gas transportation, which requires building a pipeline from a processing
plant in Ras Laffan, Qatar, to the Taweelah terminal in Abu Dhabi and the
Jebel Ali terminal in Dubai.
Richard Bergester, manager for Enron Middle East, said that having
contributed to the initial stages of the project, Enron now feels it can't
"add" any more. He didnt elaborate and said the decision was unrelated to the
company's activities in India or pending involvement in Saudi Arabia.
Over the weekend, Enron's Dabhol Power Co. issued a preliminary notice to
terminate power sales from the plant. Dabhol says it is owed millions in
unpaid bills. Last Friday, Enron was awarded a stake in Saudi Arabia's Red
Sea Gas project, along with Occidental Petroleum Corp. (OXY) and Exxon Mobil
Corp. (XOM).
Mr. Al-Sayigh said UOG will hold onto at least 51% of Dolphin Energy, in
accordance with its agreement with Qatar.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Bush Energy Plan Stirs Pot, But Not Energy Prices
By Arden Dale
Of DOW JONES NEWSWIRES
05/21/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
NEW YORK -(Dow Jones)- President George W. Bush's energy plan is getting a
big reaction, just not in U.S. energy markets.
Electricity, natural gas and crude oil prices haven't budged in response to
the 105-part master plan unveiled last week, because its fate is uncertain
and it lacks specific action items.
Don't expect prices to move any time soon as a result of the proposal.
If it survives political gridlock to become policy, it will lead to lower
energy prices, said Raymond Niles, an energy analyst at Salomon Smith Barney.
Until then, it won't move most, if any, energy markets.
"It's not going to move the near-term markets because the two things that
will lower, say, electricity prices, are greater availability of natural gas
and more transmission lines," Niles said. "Those are long-term improvements."
Wholesale gasoline prices did surge after the plan was announced last week,
as traders reacted to the news that a gasoline production waiver they'd been
expecting wasn't included. But the rally was short-lived, and prices at the
pump weren't affected.
U.S. drivers can probably look forward to lower gasoline prices once driving
season starts after Memorial Day, according to the American Automobile
Association. The group says prices are likely to peak before then.
Crude oil prices hit $30 a barrel on Monday, but the driver there has been
uncertainty over whether Iraq will cut off oil exports to protest a British
proposal to lift some economic sanctions against the nation.
Bush's plan to drill for oil in the Arctic National Wildlife Refuge is a
non-factor in markets currently. Turbocharged Gas Rumor
A few days before the Bush plan was announced, gasoline trader pushed down
prices with a selloff prompted by rumors that the plan would immediately
relax rules on reformulated gasoline, or RFG, a cleaner-burning fuel. An RFG
waiver would have brought more supply to the market.
RFG restrictions last year contributed to price spikes at the pump in the
Midwest, by tightening overall supplies. They govern the way reformulated
gasoline, or RFG, is made.
On Thursday, when the plan came out with no waiver in sight, prices rose,
aided by news of a snag at a crude oil unit of Tosco Corp.'s (TOS) Bayway
refinery in New Jersey.
On the New York Mercantile Exchange, the June gasoline futures contract
jumped 3.44 cents to as high as $1.022 a gallon.
"The plan came out and there was nothing of the sort in there," said John
Kilduff, senior vice president at Fimat USA. "All the barrels we thought
would come onto the market, for now, aren't."
For electricity prices, two key issues are price caps and short supply.
Much of the market had already been operating under the assumption that Bush
wouldn't support electricity price caps, which was borne out by the plan.
In California, the power industry had already been planning to develop new
baseload units, big power plants that run continuously. But smaller,
gas-fired plants known as peakers - which can be switched off and on quickly
- will be in shorter supply.
"Investments in peakers are probably going to wait awhile for the policy
rhetoric to quiet down, for the price cap rhetoric to quiet down," said Mark
Palmer, a spokesman for Enron Corp. (ENE), a big electricity and natural
supplier.
As for natural gas, developments were underway before the Bush plan to boost
supply and bring down prices, which have been high.
U.S. companies want to import liquified natural gas procured in the vase
reserves of Trinidad and Tobago, for example.
But there's just too far to go before the Bush plan becomes a reality to even
project how the natural gas industry might proceed from here, according the
Palmer.
"Some people may have anticipated short-term actions by the administration,
and to its credit, that proved to be unfounded," said Larry Goldstein,
president of PIRINC, Inc., an energy research group. - By Arden Dale, Dow
Jones Newswires; 201-938-2052;
[email protected]
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
INDIA: India says optimistic about Enron settlement.
05/21/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW DELHI, May 21 (Reuters) - The Indian federal government is optimistic
that Enron Corp's and the Maharashtra state will resolve their wrangle which
has jeopardised the U.S. energy giant's $2.9 billion power project, a top
official told Reuters.
Federal Power Secretary A.K. Basu said the government had appointed a nominee
in the talks between the western state and Dabhol Power Co, 65-per-cent owned
by Enron, that are aimed at settling the long-running row.
"We are optimistic. We have our nominee, Mr A.V. Gokak. He is a very senior
person and he represents the whole of the government of India," Basu said.
Gokak, a retired senior bureaucrat, represents the federal government in the
panel appointed by the Maharashtra government to renegotiate the Power
Purchase Agreement with the Dabhol Power Co. The panel is expected to resume
talks on Wednesday.
On Saturday, Dabhol issued a preliminary notice to terminate its contract to
sell power to the Maharashtra State Electricity Board (MSEB).
Houston-based Enron and the MSEB have been locked in a long-standing dispute
over the state utility's unpaid bills.
In March, Enron invoked a counter-guarantee of the Indian government after
the MSEB failed to clear its bill of 1.02 billion rupees ($21.91 million) for
December.
In April, the multinational's Indian unit sent a political force majeure
notice to MSEB. Such a notice is a contractual clause dissatisfied parties
give as a first step towards possibly dissolving a contract.
It also notified the federal government that it was applying to an
arbitration court in London to consider its claim for 1.02 billion rupees.
DPC has come under fire because of the relatively high cost of its power.
Critics object to it charging 7.1 rupees per kilowatt hour compared with the
1.5 rupees charged by other suppliers.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
UK: INTERVIEW-Axia starts trading German, Italian power.
By Margaret Orgill
05/21/2001
Reuters English News Service
(C) Reuters Limited 2001.
LONDON, May 21 (Reuters) - U.S.-owned Axia Energy Europe has started trading
electricity in Germany and Italy and is looking at entering the Spanish power
market, said CEO and Chairman Clarke Harris on Monday.
Axia, a newly created trading joint venture between U.S. companies Koch and
Entergy , entered the German over-the-counter power (OTC) market in February
and is concentrating on the forward curve, he said.
"Everything is OTC and everything is forward," Harris told Reuters in an
interview, adding the company started trading small volumes but has recently
done deals of 100 megawatts.
He declined to give details of trading volumes.
Harris said the company was not active in the prompt market because of a lack
of transparent information about the operation of power stations which makes
it difficult for newcomers to compete with local utilities like E.ON and RWE
.
"It's not a level playing field on the prompt. Incumbents have the assets and
the information," he said.
He added Axia is also interested in the Austrian and Swiss power markets as
they are linked to Germany and supply it with electricity generated by Alpine
reservoirs.
Axia, which started operating on February 1, is the latest in a wave of U.S.
utilities to start energy trading in mainland Europe which is gradually
opening its gas and electricity sectors to competition.
Levels of liberalisation vary widely with some countries like Germany and the
UK deregulating completely while others, for example France, have insisted on
sticking to the minimum level of deregulation ordered by the European Union
electricity directive.
Harris said Axia had done a couple of transactions in Italy, bringing
electricity from Germany and was considering entering the Spanish market.
"The jury is still out on Spain. We are looking at it as our development
brethren Entergy have a couple of projects there," he said.
Although Spain set up a wholesale trading pool in 1998, the OTC derivatives
market has been slow to expand although there have been some signs recently
that activity is picking up.
Like its compatriots including AEP and Enron , Axia is basing all its
European trading operations in London, he said, noting parent companies
Entergy and Koch want to keep centralised control.
In Europe, the joint venture included Entergy's trading operations in London
while Koch contributed two weather experts from the United States to help
launch a weather derivatives operation.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Brazil's Petrobras to Set Terms for Currency Risk on Gas Sales
2001-05-21 16:18 (New York)
Brazil's Petrobras to Set Terms for Currency Risk on Gas Sales
Rio de Janeiro, May 21 (Bloomberg) -- Brazil's state-
controlled oil company Petroleo Brasileiro SA said it may absorb
about $80 million in currency-related losses over a year and get
reimbursed later by companies that build gas-fired power plants.
Petrobras plans to sell Bolivian gas it buys in dollars to
Brazilian power-plant operators in reais at fixed-rates for a
year, exposing itself to a currency risk if the real weakens,
company president Philippe Reichstul said.
The measure is to ensure Petrobras's partners in 10 power
plants can profit from electricity sales regardless of currency
fluctuations, thus ensuring investment that will stave off power
shortages. Brazil faces power rationing beginning next month and
needs $14 billion in investment by 2008 to stave off power
shortages, according to government estimates.
``If new thermo-electric plants are working at full capacity
we imagine that we'll be offering a credit line of about $80
million,'' Reichstul said in an interview with Bloomberg News, in
Buenos Aires. ``This is not a subsidy, but a type of financing
that will earn interest.''
Reichstul didn't elaborate on details of the measures. The
terms for Petrobras gas sales to at least 10 thermal power plants
may be set this week, Reichstul said. Companies like Duke Energy
Corp. and Enron Corp. that are building plants slated to produce
2,700 megawatts of power, will later pay Petrobras for any losses
it accrues, Reichstul said.
Power Prices
Petrobras will only receive the payouts from plant operators
after they win approval for an annual increase in power prices,
which must take into account currency depreciation in the year
before, Reichstul said.
Companies such as AES Corp., Duke Energy Corp. and El Paso
Energy Corp. have delayed or limited expected investment in
natural gas-fired generation plants on concern that government
rules limit their ability to pass increases in dollar-denominated
fuel costs to electricity consumers who are billed in reais.
The delays are partly responsible for government plans to
begin rationing energy in June. Electricity supply is expected to
fall short of fulfilling demand by as much as 20 percent in the
coming months.
The new plants are supposed to come on line in the first
quarter of next year. Under Brazilian law, electricity prices to
consumers can only be adjusted once a year.
Enron Target of Protests Over Energy Policy and Higher Prices
2001-05-21 16:15 (New York)
Enron Target of Protests Over Energy Policy and Higher Prices
Houston, May 21 (Bloomberg) -- Enron Corp. offices in eight
U.S. cities were picketed by activists angry about the energy
trader's ties to the Bush administration and the effect of high
fuel and power prices on the poor and working class.
``As a major wholesaler and a major profiteer, we're
demanding they return some of the profits to help low- and
moderate-income families pay their bills,'' said Lisa Clawson, an
organizer with the Association of Community Organizations for
Reform Now (Acorn).
Acorn protested in Washington, New York, Chicago, Denver and
Houston and well as Sacramento, California; Santa Fe, New Mexico,
and Portland, Oregon.
The activists accused power traders such as Enron of price
gouging and said inaction by the Bush administration was bringing
energy bills that ``could condemn thousands of people to a painful
death'' if high electricity prices force them to shut off air
conditioning this summer.
``It's brass-knuckle politics,'' said Mark Palmer, a
spokesman for Houston-based Enron. ``We have this new energy plan
we've been associated with rather strongly. I think (protests are)
to be expected in this kind of a debate.''
Enron's chairman, Kenneth Lay, was one of only a few people
who got direct access to Vice President Dick Cheney as he led a
task force that came up with recommendations for a national energy
plan released on Thursday.
The task force's 163-page report calls for construction of
new power plants and refineries and the opening of more areas to
drilling as well as tax incentives for energy-efficient cars,
solar power and conservation.
It does nothing to end power shortages and rate increases for
consumers in California this summer, Acorn said. The activist
organization called for price caps on electricity sales, and a
moratorium on utility service shutoffs for the elderly and
families with children paid for with taxes on energy sellers.
Lay has advised President George Bush on energy matters, and
was a contributor to the Bush campaign. Bush was governor of
Texas. Enron is based in Houston and was one of several Texas-
based companies to back Bush.
Enron's first-quarter profit quadrupled to $50.1 billion from
$13.1 billion a year earlier. Enron Chief Executive Jeffrey
Skilling has said revenue may exceed $200 billion in 2001,
possibly making Enron the largest publicly traded energy company
in the world.
Shares of Enron rose 2 cents to $54.92 in late trading.
Enron Power Dispute May Cost India More Than $3.6 Bln (Update3)
2001-05-21 16:21 (New York)
Enron Power Dispute May Cost India More Than $3.6 Bln (Update3)
(Closes shares.)
Mumbai, May 21 (Bloomberg) -- India's federal and state
governments may have to pay Dabhol Power Co. more than 170 billion
rupees ($3.6 billion) if the Enron Corp. unit cancels a 2,184
megawatt power venture.
``The total liability may be above 170 billion rupees,''
Vinay Bansal, chairman of the Maharashtra State Electricity Board
said in an interview. ``The final tally is a matter of
negotiations but the figure is of that order.''
On Saturday, Dabhol started a procedure to end its power
supply contract by serving a ``preliminary termination notice'' on
the board. It's owed 3 billion rupees by the board for power
supplied in December and January. Dabhol is 65 percent owned by
Houston-based Enron, the world biggest energy trader.
``We believe that the preliminary termination notice sends a
clear signal to the Maharashtra State Electricity Board of the
seriousness in which Dabhol Power and its lenders and shareholders
view this issue,'' Enron spokesman John Ambler said in an
interview from Dubai.
The procedure may lead to cancellation of the $3 billion
project, India's biggest foreign investment, and trigger payment
guarantees by India's federal and state governments for
electricity bought by the board, plus ``termination charges.'' The
governments also guaranteed the bulk of $2 billion of loans that
Enron and its partners used to finance Dabhol.
Shares of Enron rose 9 cents to $54.99.
Termination Process
The full process to end the contract is expected to take
about six months, Ambler said.
``If the problems aren't resolved during that period, then
the power production agreement would terminate,'' he said.
Included in possible liabilities of the federal and state
governments are one year's electricity bills and $300 million in
termination charges, A.K. Basu, secretary at the country's
ministry of power, said in an interview. This may amount to about
28 billion rupees, he said.
State Bank of India, ABN Amro Holdings NV and other banks
that loaned Dabhol the money are hoping a settlement will still be
reached to prevent the project from being scrapped.
``The notice does not mean that the project is off,'' said
Janki Ballabh, chairman of State Bank of India, the country's
biggest commercial bank and one of the largest lenders to the
project. ``All parties are making attempts to find an acceptable
solution.''
Indian banks, which made rupee loans worth about $1 billion
to Dabhol, are the most exposed to a possible termination of the
project. The federal government didn't guarantee all their loans,
which were seen as safe because the project was backed by Enron.
Foreign currency loans by banks such as ABN Amro, Bank of
America Corp. and State Bank of India are guaranteed.
Dabhol, which runs a 740-megawatt power plant, has invoked
payment guarantees and ``political force majeure,'' which allows
it to stop selling power to the electricity board without being
penalized.
Harm Investment
Even so, overseas energy companies believe the Enron dispute
will harm foreign investment in India.
Dabhol Power ``will have an impact on how people look at
India, and that's very unfortunate because we do see India as
potentially a very good market,'' Peter de Wit, director of Shell
International Gas, said Friday at a conference in Seoul.
Shell plans to spend 19.5 billion rupees to build a 5 million
ton-a-year liquefied natural gas terminal at Hazira, a port in
Gujarat. The company may double the gas facility to 10 million
tons later.
Enron's ``the first LNG project into India, and the sort of
circumstance they're faced with now doesn't give a lot of
confidence to people who want to consider long-term contracts into
India,'' he said.
Enron is building a 5 million ton-a-year LNG facility at
Dabhol.
Delays, Slow Reforms
Four foreign power companies, including Electricite de
France, Europe's largest, have so far pulled out of Indian power
projects worth $3 billion, citing long delays and the slow pace of
reforms.
India wants to double its electricity generation capacity to
200,000 megawatts over the next ten years. It needs $100 billion
to do that, and is relying mainly on foreign companies.
``The pace of investments in the power sector is already
slow. It'll get slower,'' said Abhay Rangnekar, head of project
finance and corporate advisory services at ANZ Investment Bank,
which helped raise overseas loans for Dabhol.
``Lender sentiment has definitely been affected. Making sure
that the contracts are watertight is not enough anymore'' for
lenders to private power projects, he said.
The preliminary termination notice gives Dabhol and the
electricity board six months to seek a resolution to the dispute.
On Wednesday, Dabhol and the board are due for the second
time to meet a committee set up by the state government to
negotiate a solution. A.V. Gokak, former secretary at the
department of fertilizers, will represent the federal government.
Enron Withdraws From $2 Bln Middle East-Gas Project (Update4)
2001-05-21 16:26 (New York)
Enron Withdraws From $2 Bln Middle East-Gas Project (Update4)
(Closes shares.)
Houston, May 21 (Bloomberg) -- Enron Corp. pulled out of a
pipeline project in the Middle East as it became increasingly
likely that an Indian power-sales agreement will collapse.
The Houston-based company ended its role in a $2 billion
project to export gas from Qatar. The Dabhol Power Co., owned 65
percent by Enron, filed Saturday to India's Maharashtra state's
electricity board to stop supplying power because it's owed 3
billion rupees ($63.9 million) by the board.
Enron's exit from the Middle East project had nothing to do
with its decision to stop supplying power in Dabhol, company
spokesman John Ambler said. Analysts said some of the gas from the
Qatar plant likely would have gone to the Indian project.
``The (ending of operations in Qatar and India) go hand in
hand,'' First Albany Corp. analyst Bob Christensen said. ``The
liquefied natural gas would presumably be used to fuel the second
phase of the Dabhol project.''
The timing of the two announcements was a ``coincidence,''
Ambler said in an interview from Dubai. ``We initiated discussions
several weeks ago (with partners in the Middle East project).''
Pulling out of Qatar is part of Chief Executive Officer
Jeffrey Skilling's shift away from big construction and
infrastructure projects such as pipelines and power plants, and
into trading, the business of brokering large sales of energy and
other commodities, Ambler said.
Trading
Skilling was named chief executive in December after helping
build what was once a sleepy gas-pipeline company into the biggest
competitor in the energy trading business.
The company predicts it may top $200 billion in revenue this
year, largely because of energy trading. Through its EnronOnline
Internet market, Enron buys and sells gas, power and oil and oil
products. It also trades weather derivatives, pulp and paper,
steel and metals.
Rebecca Mark and Joseph Sutton, Enron executives who had been
involved in buying or building large projects such as the Dabhol
plant, left last year.
``(Enron has) basically been a divestor of North American
hard assets,'' Christensen said. ``Now that's spinning into the
international sphere.''
Shares of Enron rose 9 cents to $54.99. The stock has fallen
34 percent this year because of setbacks in the company's fiber-
optic trading business, the conflict over the India plant and
falling gas prices in recent weeks. Enron also failed to sell its
Oregon utility, Portland General Co., as planned.
Blockbuster
In March, Blockbuster Inc. and Enron broke off a venture to
deliver movies directly to customers' homes. Enron owns a fiber-
optic telecommunications network, and it trades broadband
bandwidth, or space, on the networks. The broadband business lost
$35 million last quarter on revenue of $83 million. It lost $60
million last year on revenue of $408 million.
Enron's $3.1 billion sale of Portland General to Sierra
Pacific Resources collapsed because state regulators weren't
likely to approve power plant sales needed to win antitrust
approval.
U.S. Representative Peter DeFazio, a Democrat from
Springfield, Oregon, said last week that Enron should sell
Portland General to Oregon so state consumers can be protected
from soaring power prices.
Enron will sell its 25 percent stake in Dolphin Energy Ltd.,
the owner of the Middle East project, to the Abu Dhabi government,
said Ahmed al-Sayegh, the chairman of state-controlled Dolphin.
Dolphin had agreed two months ago with Qatar to develop its
North Field, the world's largest gas deposit, and build a pipeline
in the Persian Gulf to the United Arab Emirates and Oman.
Enron was among eight energy companies picked Friday by Saudi
Arabia to spend $25 billion to develop gas projects. | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Chris Dorland/HOU/ECT on 11/15/2000 04:26
PM ---------------------------
Michael McDermott <[email protected]> on 11/15/2000
05:05:34 AM
To: "'Alexis Dodin'" <[email protected]>, "'Angus Cowan'"
<[email protected]>, "'B.K. Milne'" <[email protected]>, "'Bradley'"
<[email protected]>, "'Bryan Moody'" <[email protected]>, "'Carlo &
Sophia'" <[email protected]>, "'Catriona Work'"
<[email protected]>, "'Chris Blaker'" <[email protected]>,
"'Chris del Valle'" <[email protected]>, "'Chris Dorland'"
<[email protected]>, "'David Redmond'" <[email protected]>,
"'Francesco Cicoli-Abad'" <[email protected]>, "'George Potter'"
<[email protected]>, "'Haakon Olafsson'"
<[email protected]>, "'Jason Blaker'" <[email protected]>,
"'Jasvinder Pal Singh Badyal'" <[email protected]>, "'Kent Brown'"
<[email protected]>, "'Kevin McElroy'" <[email protected]>, "'Lionel
Greene'" <[email protected]>, "'Nils'"
<[email protected]>, "'Rob Laird'" <[email protected]>, "'Stefan van
Riet'" <[email protected]>, "'Urvesh'" <[email protected]>
cc:
Subject: The result of the US election - This is very funny
> >
> >Not everyone can wait for the recount..
> >
> >
> >---------------------------------------------
> >NOTICE OF REVOCATION OF INDEPENDENCE
> >
> >To the citizens of the United States of America,
> >
> >In the light of your failure to elect a President of the USA and
> thus to
> >govern yourselves, we hereby give notice of the revocation of your
> >independence, effective today.
> >
> >Her Sovereign Majesty Queen Elizabeth II will resume monarchial
> duties
> over
> >all states, commonwealths and other territories. Except Utah, which
> she
> >does not fancy. Your new prime minister (The rt. hon. Tony Blair,
> MP for
> >the 97.85% of you who have until now been unaware that there is a
> world
> >outside your borders) will appoint a minister for America without
> the need
> >for further elections. Congress and the Senate will be disbanded.
> A
> >questionnaire will be circulated next year to determine whether any
> of you
> >noticed.
> >
> >To aid in the transition to a British Crown Dependency, the
> following
> rules
> >are introduced with immediate effect:
> >
> >1. You should look up "revocation" in the Oxford English Dictionary.
> Then
> >look up "aluminium". Check the pronunciation guide. You will be
> amazed
> at
> >just how wrongly you have been pronouncing it. Generally, you
> should
> raise
> >your vocabulary to acceptable levels. Look up "vocabulary". Using
> the
> >same
> >twenty seven words interspersed with filler noises such as "like"
> and "you
> >know" is an unacceptable and inefficient form of communication.
> Look up
> >"interspersed".
> >
> >2. There is no such thing as "US English". We will let Microsoft
> know on
> >your behalf.
> >
> >3. You should learn to distinguish the English and Australian
> accents. It
> >really isn't that hard.
> >
> >4. Hollywood will be required occasionally to cast English actors as
> the
> >good guys.
> >
> >5. You should relearn your original national anthem, "God Save The
> Queen",
> >but only after fully carrying out task 1. We would not want you to
> get
> >confused and give up half way through.
> >
> >6. You should stop playing American "football". There is only one
> kind of
> >football. What you refer to as American "football" is not a very
> good
> >game.
> >The 2.15% of you who are aware that there is a world outside your
> borders
> >may have noticed that no one else plays "American" football. You
> will no
> >longer be allowed to play it, and should instead play proper
> football.
> >Initially, it would be best if you played with the girls. It is a
> >difficult
> >game. Those of you brave enough will, in time, be allowed to play
> rugby
> >(which is similar to American "football", but does not involve
> stopping
> for
> >a rest every twenty seconds or wearing full kevlar body armour like
> >nancies). We are hoping to get together at least a US rugby sevens
> side
> by
> >2005.
> >
> >7. You should declare war on Quebec and France, using nuclear
> weapons if
> >they give you any merde. The 98.85% of you who were not aware that
> there
> >is
> >a world outside your borders should count yourselves lucky. The
> Russians
> >have never been the bad guys. "Merde" is French for "shit".
> >
> >8. July 4th is no longer a public holiday. November 8th will be a
> new
> >national holiday, but only in England. It will be called
> "Indecisive
> Day".
> >
> >9. All American cars are hereby banned. They are crap and it is for
> your
> >own good. When we show you German cars, you will understand what we
> mean.
> >
> >10. Please tell us who killed JFK. It's been driving us crazy.
> >
> >Thank you for your cooperation.
> >
> >
> >
> >
> >Hugh Richards
> >Senior Training Consultant - EMEA London
> >Office: +44(0)207 786 3013
> >Fax: +44(0)207 786 3001
> >Mobile: +44(0)7720350706
> >
> >
> >S2 Systems International, Ltd.
> >30 City Road
> >London, EC1Y 2AY
> >United Kingdom
> >
> >
> >CONFIDENTIALITY NOTICE
> >The information contained in this transmission is confidential. It
> may
> also
> >be legally privileged. It is intended only for the addressee(s)
> stated
> >above. If you are not an addressee you should not disclose, copy,
> circulate
> >or in any other way use the information contained in this
> transmission.
> >Such unauthorized use may be unlawful. If you have received this
> >transmission in error, please telephone us immediately so that we
> can
> >arrange for its return.
> >
> >
> >
> >
>
>
> ______________________________________________________________________
> ___
> Get Your Private, Free E-mail from MSN Hotmail at
> http://www.hotmail.com.
>
> Share information about yourself, create your own public profile at
> http://profiles.msn.com. | {
"pile_set_name": "Enron Emails"
} |
Leslie,
The attached NDA is fine. Once you have procured signature, please forward
to Lee for execution on our end. Thanks.
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Monday, November 13, 2000 2:31 PM
To: [email protected]; [email protected]
Cc: [email protected]
Subject: NDA
Mark:
Attached please find the final version of the NDA revised as per our
discussion this morning. I have attached both a clean version and a
red-line against the last version I sent to you. As we discussed, I will
have the NDA executed and forward to Lee for execution on your end.
Regards,
Leslie Hansen
(See attached file: Sapient NDA V.3.doc)(See attached file: Sapient NDA
Final.doc) | {
"pile_set_name": "Enron Emails"
} |
Mark for one hundred deals on Clickpaper reached !!! | {
"pile_set_name": "Enron Emails"
} |
Peter Atkins
212-735-3700 (W)
917-777-3700 (F)
917-509-1349 (M)
914-921-6704 (H-Westchester)
212-717-4333 (H-New York)
[email protected]
John M. Butler, Jr.
312-407-0730 (W) (Chicago)
312-407-8501 (F)
312-498-6691 (M)
312-266-8854 (H)
312-266-9329 (HF)
212-735-3114 (New York)
[email protected]
Arthur A. Cohen
202-371-7892 (W)
202-371-7896 (F)
Lynn Coleman
202-371-7600 (W)
202-362-8244 (H)
Sam Gillespi
202-371-7603
Martin Klepper
202-371-7120 (W)
Colleen Mahoney (sp?)
Washington office
Mike Naeze
202-371-7070 (W)
Robert C. Sheehan
Mng Prtnr, NY
212-735-3350 (W)
212-735-2000 (F)
917-951-3350 (M)
New York Office General Number:
212-735-3000 | {
"pile_set_name": "Enron Emails"
} |
-----Original Message-----
From: [email protected]@ENRON
Sent: Monday, December 03, 2001 6:08 PM
To: [email protected]
Subject: Fwd: FW: Contact information
Content-Transfer-Encoding: quoted-printable
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Subject: FW: Contact information
Date: Mon, 3 Dec 2001 12:33:42 -0600
Message-ID: <31738B46B7BD864080808A19977D9F757ABEFC@NAHOU-MSMBX03V.corp.enron.com>
X-MS-Has-Attach:
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Thread-Topic: FW: Contact information
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From: "Kaminski, Vince J" <[email protected]>
To: <[email protected]>
X-OriginalArrivalTime: 03 Dec 2001 18:39:04.0489 (UTC) FILETIME=[C8A5B190:01C17C29]
X-Mailer: Unknown (No Version)
> -----Original Message-----
> From: "Ashley Abbott" <[email protected]>@ENRON
> Sent: Monday, December 03, 2001 11:26 AM
> To: [email protected]
> Subject: FW: Contact information
>
>
> Vince - Hrvojesuggested that I drop you a note. I am with an Austin
> Ventures portfolio company and we may have room for junior research
> people (1 or 2). If there are some analysts or associates in your
> group who would be interested in talking to us and need a home, please
> feel free to have them call me or send a resume. We would talk to
> anyone who can code option pricing formulas. JAVA skills, or good
> Object Oriented programming experience and sufficient mathematical
> background for the FE work are priorities. Our Chief Architect would
> like to see some Database understanding, but that is somewhat more
> flexible. American options and Swing options are current issues,
> although any exotics experience is fine. I would consider
> contract/part-time if someone would like to take a project while
> looking for positions with another larger company.
>
> My thoughts and prayers are with you and your group. I wish we had
> more immediate needs, but perhaps at the margin this can help.
>
> Warm Regards,
> Ashley
>
> ----------------------------------------------------------------
> Ashley E. Abbott
> Vice President, Financial Engineering
> ForwardVue Technologies
> 720 Brazos, Suite900
> Austin, TX 78701
> 512.651.3178
>
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at [email protected] and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
********************************************************************** | {
"pile_set_name": "Enron Emails"
} |
CALENDAR ENTRY: APPOINTMENT
Description:
Sheila/J.Wiltfong/NNG Mktg. Training Session conf. room 50M Lunch will be provided.
Date: 12/14/2000
Time: 11:30 AM - 1:00 PM (Central Standard Time)
Chairperson: Outlook Migration Team
Detailed Description: | {
"pile_set_name": "Enron Emails"
} |
We had a very successful meeting with investors last Thursday at Enron's
annual investor conference. The event was also webcast to individuals
worldwide, including analysts, investors and media.
A link to the replay of the webcast is available at www.enron.com. A list of
the presentations that were made at the meeting will appear on the screen.
To view a presentation, simply click on the title. The entire webcast is
about eight hours long, with each presentation lasting about 45 minutes to
one hour. The webcast will be available 24 hours-a-day, seven-days-a-week
until Feb. 28.
This is an excellent opportunity for you to get the latest information about
Enron's business activities and strategy. If you encounter problems
accessing the webcast, call 1-888-457-7469 for help. | {
"pile_set_name": "Enron Emails"
} |
Steve / Rick -- below is a brief description of Dan Reck's recent acquisition
of WebModal. L.
----- Forwarded by Lisa Yoho/NA/Enron on 02/14/2001 08:06 AM -----
Cathy Phillips@ECT
02/14/2001 07:29 AM
To: Mark Frevert/NA/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Doug Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan
Aronowitz/HOU/ECT@ECT, Pierre Aury/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT, Rick
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathryn
Corbally/Corp/Enron@ENRON, Stephen H Douglas/HOU/ECT@ECT, Jennifer
Fraser/HOU/ECT@ECT, Shanna Funkhouser/Corp/Enron@ENRON, Eric
Gonzales/LON/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Larry Lawyer/NA/Enron@Enron, Chris Mahoney/LON/ECT@ECT,
George McClellan/HOU/ECT@ECT, Thomas Myers/HOU/ECT@ECT, John L
Nowlan/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT,
Daniel Reck/HOU/ECT@ECT, Cindy Skinner/HOU/ECT@ECT, Stuart
Staley/LON/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron,
Lisa Yoho/NA/Enron@Enron, Neil Davies/Corp/Enron@ENRON, Per Sekse/NY/ECT@ECT
cc: Nicki Daw/NA/Enron@Enron, Cathy Phillips/HOU/ECT@ECT, Jennifer
Burns/HOU/ECT@ECT, DeMonica Lipscomb/Corp/Enron@ENRON, Yvonne
Francois/Corp/Enron@Enron, Angie Collins/HOU/ECT@ECT, Donna
Baker/HOU/ECT@ECT, Helen Marie Taylor/HOU/ECT@ECT, Chantelle
Villanueva/HOU/ECT@ECT, Betty J Coneway/HOU/ECT@ECT, Patti
Thompson/HOU/ECT@ECT, Cherylene R Westbrook/HOU/ECT@ECT, Candace
Parker/LON/ECT@ECT, Sharon Purswell/HOU/ECT@ECT, Gloria Solis/HOU/ECT@ECT,
Brenda J Johnston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kim
Hickok/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan McCarthy/LON/ECT@ECT, Paula
Forsyth/Corp/Enron@ENRON, Kristy Carnes/NA/Enron@ENRON, Shirley
Crenshaw/HOU/ECT@ECT, Jody Underwood/NA/Enron@ENRON, Kathleen D
Hardeman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stuart
Cichosz/Corp/Enron@ENRON, Judy Zoch/NA/Enron@ENRON, Sunita
Katyal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cherry Mont/NY/ECT@ECT, Legal
Temp 3/HOU/ECT@ECT
Subject: WebModal
Please read the following message from Dan Reck regarding WebModal. Thank
you.
----- Forwarded by Cathy Phillips/HOU/ECT on 02/14/2001 07:25 AM -----
Daniel Reck
02/13/2001 01:48 PM
To: Cathy Phillips/HOU/ECT@ECT
cc:
Subject: WebModal
At Monday's EGM meeting, Mike McConnell asked me to describe the WebModal
acquisition EGM made last week. Following is a brief description of the
freight capacity market and what WebModal gets us:
Market
The US market for logistics is $600bn annually. We are pursuing the largest
homogenous segment which is long-haul truckload and intermodal. That market
is $50-$100bn annually, depending on who you ask and whether you include
dedicated fleets.
The interesting thing about these markets is that they are extremely
fragmented and massively intermediated. There are over 100,000 trucking
companies (carriers) in the US and thousands of independent brokers (brokers
in this market act as credit principals). 10-20% of all loads are conducted
in the spot market (brokered) and the rest are done under 1-3 year contracts
that are generally non-firm, but define the relationship between each shipper
and their chosen carriers or intermediaries.
On the rail side, the US railroads act as wholesalers, selling their capacity
to Intermodal Marketing Companies (IMCs). The IMCs then retail or broker out
that capacity to shippers. The difficult part of ground intermodal is that
the rail haul makes up only the long-haul component. The trip from the
origin warehouse to the origin rail yard and then the delivery from the
destination rail yard to the destination warehouse has to be done by truck.
This first and last mile transportation is called "drayage".
WebModal
WebModal developed a system to price and schedule intermodal moves so they
look identical to truck. They have a database with prices and schedules from
all the RRs and 48 drayage companies that gives them complete US coverage. A
buyer can type in their scheduling and equipment requirements and receive
instantaneous quotes for zipcode to zipcode service.
Because of the inherently different cost and performance structures of rail
and truck, the pricing differences between the two modes of transportation is
significant. For any move greater than 500 miles, intermodal is generally
20-30% less expensive than a single driver truck move. The substitutability
of intermodal and truckload should allow us to trade the spread in price.
The WebModal acquisition gets us a team with tremendous industry expertise
and a good head start as we enter this market. The next move will be to
build a truck intermediation capability.
I encourage you to meet Chris Kravas the CEO of WebModal. He will be
spending all of his time in Houston when he is not on the road.
Please give me a call if you have any questions.
Thanks,
Dan Reck | {
"pile_set_name": "Enron Emails"
} |
Set up by Vanessa Bob/for Cindy Olsen
RSVP to Missy Stevens/35115 | {
"pile_set_name": "Enron Emails"
} |
Ridiculous. I have been forwarding all of your e-mails today to Lavo and Louise. I am trying to build a case to get Ader and Bernstien (Bert and Ernie are my new nicknames) re-assigned and away from our supply business.
-----Original Message-----
From: Herndon, Rogers
Sent: Monday, July 02, 2001 3:49 PM
To: Presto, Kevin M.
Subject: FW: 7/6/01 Exelon Meeting - Chicago
Kevin -
FYI. We are tripping over ourselves. i will probably not go to this meeting if this is how many we take. Marc Ulrich and Jeff Merola will do fine as long as they can get their views in.
Rogers
-----Original Message-----
From: Herndon, Rogers
Sent: Monday, July 02, 2001 3:36 PM
To: Migden, Janine
Subject: 7/6/01 Exelon Meeting - Chicago
Janine -
Can you confirm how many people are attending this meeting from our side. It seems to be getting a little large and I think we need to make sure we are only bringing people that can add significant value to the actual meeting.
My count is as follows:
Marc Ulrich - URM - He is the commercial expert on ComEd and rate effects on our business - Mandatory
Jeff Merola - Manager of Physical Delivery Logistics for Central Region - mandatory
Brad Snyder - Structured supply
Mark Bernstein - Structured Supply
Jeff Ader - Structured Supply
Janine Migden - Regulatory
Roy Boston - Regulatory
RogersHerndon - EWS Risk
Name I forgot - Legal - Ulrich recomended he go given the ComEd audience
This would be 9. I think this is too much. What are your thoughts?
Given the agenda items of 1) ComEd PPO phase-out intentions, 2) Physical Delivery Issues and 3) Potential Business Transactions b/w ComEd and Enron, I think we need to trim the list of attendees. | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Darron C Giron/HOU/ECT on 03/01/2001
01:08 PM ---------------------------
Enron North America Corp.
From: ClickAtHome Team @ ENRON 02/28/2001 09:26 PM
Sent by: Enron Announcements@ENRON
To: ClickatHome Mail
cc:
Subject: CLICKATHOME LAUNCH | {
"pile_set_name": "Enron Emails"
} |
Milberg Weiss is the main plaintiffs' counsel. They are a well known (and
good) securities class action plaintiffs firm. The John O'Quinn of LA---Tom
Girardi-- is the plaintiffs' atty in the somewhat related gas cases. These
are not PI types per se, but more commercial litigation plaintiffs firms.
Jordan Mintz/ENRON@enronXgate
03/26/2001 01:42 PM
To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: California
Richard: What is the makeup of the plaintiffs' bar in all the litigation in
Calif? Is it attracting PI types?
Jordan | {
"pile_set_name": "Enron Emails"
} |
Are you sure that the bruise is from me? I don't understand how there
can be a bruise. And why is showing up today? If it's really my fault,
I'm sorry. My point wasn't to hurt you. I'm going to study now....
Love you,
Jenn | {
"pile_set_name": "Enron Emails"
} |
That's great. Looking forward to see them.
James D Steffes
07/24/2000 05:54 AM
To: Karen Denne/Corp/Enron@ENRON
cc: Rob Bradley/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Steven J
Kean/HOU/EES@EES, John Jura/NA/Enron@Enron, Jeff Dasovich/SFO/EES@EES
Subject: Re: Generic One-Pager on Price Caps
Rob & Karen --
John Jura is working on putting together some numbers to compare "hedging"
versus "riding the market". Initial difference looks pretty good. When
complete, we'll get these numbers to you.
Jim
Karen Denne@ENRON
07/22/2000 01:43 PM
To: Rob Bradley/Corp/Enron@ENRON
cc: Mark Palmer/Corp/Enron@ENRON, Steven J Kean/HOU/EES@EES, James D
Steffes/HOU/EES@EES
Subject: Re: Generic One-Pager on Price Caps
Rob -- This info is great. For use w/ the media, we'll need to simplify, and
it would be helpful to have specific examples of what a utility would pay and
the overall result of a market with price caps, the current "open" market
(under ISO regulation, buying from the PX) and a pure open market (using
hedges to manage risk).
thx.
kd
From: Rob Bradley 07/21/2000 01:40 PM
To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON
cc: Steven J Kean/HOU/EES@EES
Subject: Re: Generic One-Pager on Price Caps
Here is a one pager on the general problem of price regulation. Next we will
need to discuss the particular cases and identify specific distortions, which
the field people will have to provide.
- Rob
---------------------- Forwarded by Rob Bradley/Corp/Enron on 07/22/2000
01:34 AM ---------------------------
James D Steffes@EES
07/20/2000 11:01 PM
To: Rob Bradley/Corp/Enron@ENRON
cc:
Subject: Re: Generic One-Pager on Price Caps
Rob --
I think this is a great start for the outline of policy reasons against price
caps. If possible, let's run it by PR to see what more structure they want.
Jim
Rob Bradley@ENRON
07/19/2000 02:56 PM
To: James D Steffes/HOU/EES@EES
cc:
Subject: Generic One-Pager on Price Caps
See if this is of use and whether I need to do more.
I hope it sets a framework from which the specifics of the price cap examples
and distortions can be added.
- Rob | {
"pile_set_name": "Enron Emails"
} |
Michael,
Can you remind me who all gets these reports?
Stacey
-----Original Message-----
From: Mattox, Michael
Sent: Friday, October 19, 2001 2:07 PM
To: White, Stacey W.
Subject: Option Sensitivity
Stacey,
Let me know if this is what you are looking for.
Approximately every one to two weeks or as requested by the options traders an option sensitivity report is run using PortCalc. Three parameters are tested: Price (increments from -5 to +5), monthly Volatility (increments from -25% to +25%), and Time (increments up to 90 days. The data is imported from PortCalc into an Excel pivot table. The pivot table is then used to show how the various Greeks (delta, gamma, theta and Vega) change for each trader's book, generally with a 3 month look ahead. The data can also be sorted by and grouped by other criteria, if requested, such as by region and delivery date.
Michael Mattox
x34317 | {
"pile_set_name": "Enron Emails"
} |
Vince, many thanks! I will let our accounting department know. Kim. | {
"pile_set_name": "Enron Emails"
} |
Ben,
Attached is a revised Confidentiality Agreement which incorporates many of
your suggested changes. Several additional changes are being made to
address issues associated with the inadvertent erosion of key provisions
benefiting both Enron and Cinergy that resulted from other changes in your
latest drafts. I assure you that this document with your changes
incorporated is less than what Cinergy has been willing to agree to in the
past. I look forward to a favorable response so the pressing need for
exchange of documents and further business discussions can proceed
expeditiously.
<<Clean Confidentiality Agreement with Enron North American Corp. sent via
e-mail to Ben Roger on 61600 - this document is a clean one acceptin the
blacklined changes from #61409.DOC>>
- Clean Confidentiality Agreement with Enron North American Corp. sent via
e-mail to Ben Roger on 61600 - this document is a clean one acceptin the
blacklined changes from #61409.DOC | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Chris Germany/HOU/ECT on 02/19/2000 01:21
PM ---------------------------
Clayton Vernon@ENRON
02/17/2000 09:36 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Natasha-
Chris-
Natasha's email address is:
[email protected]
Send her a digital picture, and introduce yourself to her. Her sister speaks
fluent English, and will translate any difficult parts.
Clay | {
"pile_set_name": "Enron Emails"
} |
Will you please arrange for Mark LaGrange to have immediate rights to the
Enron Executive Database. These rights should be identical to Suzanne
Neville's rights.
Please let me know when this is accomplished.
Rosalee | {
"pile_set_name": "Enron Emails"
} |
-----Original Message-----
From: "Kilburn, Bobbi" <[email protected]>@ENRON
Sent: Thursday, November 08, 2001 7:56 AM
To: 'Northeast Utilities - Ray Benzinger'; Braintree Electric Light Dept.; Brian Evans - Mongeon; Burlington Electric Department; Cambridge Electric - Bob Martin; Cambridge Electric - Gail Azulay; Cambridge Electric - Jeff Alves; Central Maine Power; Central Vermont Public Service; Chicopee Electric Light Dept.; Connecticut Power & Light, Western Mass. Electric, PSNH; Baughman Jr., Don; GMP - AnnaBeth Rivest; GMP - Jim Brown; GMP - Tony Kvedar; Holyoke Municipal Gas & Electric - Brian Beauregard; Holyoke Municipal Gas & Electric - Jim Lavelle; Hudson Light & Power Co. - Anthony Monteiro; John Boguslawski; Mayhew - Middleborough Gas & Electric; Middleborough Gas & Electic Dept. - Jim Smith; Middleborough Gas & Electric Dept. - Jim Collins; MMWEC - Claire Roberson; New England Power - Don Rondeau; New England Power - William Hass; Pat Smith - NU; Paul Lopes - Taunton Municipal; Rachel Likeover - MMWEC; Rose Ann Pelletier; Taunton Municipal Light Dept. - James Irving; Taunton Municipal Light Dept. - Joe Blain; Taunton Municipal Light Dept. - Scott Whittemore; Tim Hebert - Taunton Municipal; Unitil - David Doskocil; Unitil - Francis Wells; Unitil - Robert Furino; VELCO - Tim Tremblay; VELCO- Control Room; Westfield Gas & Electric Light Dept. - Gerald Tomasko
Cc: Boguslawski, John; Wiggett, Bruce
Subject: Vermont Yankee Notification
<<Rod Exchange 11_30_01 Update.doc>>
Please feel free to contact me should you have any questions and/or
concerns. Have a nice weekend.
Thanks
Bobbi J. Kilburn
Treasury & Risk Administrator
Vermont Yankee Nuclear Power Corp.
(802) 258-4120
(802) 258-2101
[email protected]
- Rod Exchange 11_30_01 Update.doc | {
"pile_set_name": "Enron Emails"
} |
Pam,
Thanks for your message.
I have forwarded the resume to the members of my group who use part-time
employees.
Vince
-----Original Message-----
From: Pamela Vande Krol Castro <[email protected]>@ENRON [mailto:IMCEANOTES-Pamela+20Vande+20Krol+20Castro+20+3Ccastro+40rice+2Eedu+3E+40ENRON@ENRON.com]
Sent: Friday, August 03, 2001 3:09 PM
To: (Recipient list suppressed)@ENRON
Subject: research opportunity
Bob Westbrook has asked me to contact you to let you know that Rives Nolen
(MBA Class of 2001) is available for full or part-time work as an
assistant. Rives indicated to me that he would be interested in assisting
with research or any other project that you might have in mind. I have
included his contact information below and have attached his resume.
Rives Nolen
MBA, Class of 2001
Rice University
Jesse H. Jones Graduate School of Management
[email protected]
(713)305-4663
Thank you!
Pam (713-348-6223)
- nolen, rives.doc << File: nolen, rives.doc >> | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
07/26/99 05:18 PM ---------------------------
Enron Capital & Trade Resources Corp.
From: Becky Tlucek 07/23/99 04:52 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Diary of a Cat
> Subject: Diary of a Cat
>
> Day 752
>
> My captors continue to taunt me with bizarre little dangling
> objects. They dine on fresh meat, while I am forced to eat dry cereal.
> The only thing that keeps me going is the hope of escape, and the mild
> satisfaction I get from ruining the occasional piece of furniture.
> Tomorrow, I may eat another houseplant.
>
>
> Day 761
>
> Today my attempt to kill my captors by weaving around their
> feet while they were walking almost succeeded. Must try this at
> the top of the stairs.
> In an attempt to disgust and repulse these vile oppressors, I
> once again induced myself to vomit on their favorite chair. Must
> try this on their bed.
>
>
> Day 762
>
> Slept all day so that I could annoy my captors with
> sleep-depriving, incessant pleas for food at ungodly hours of
> the night.
>
>
> Day 765
>
> Decapitated a mouse and brought them the headless body in an
> attempt to make them aware of what I am capable of and to try to
> strike fear into their hearts. They only cooed and condescended about
> what a good little cat I was...Hmmm. Not working according to plan.
>
>
> Day 768
>
> I am finally aware of how sadistic they are. For no good
> reason I was chosen for the water torture. This time, however,
> it included a burning, foamy chemical called "shampoo." What sick
> minds could invent such a liquid.
> My only consolation is the piece of thumb still stuck between
> my teeth.
>
>
> Day 771
>
> There was some sort of gathering of their accomplices. I was placed
> in solitary throughout the event. However, I could hear the noise and
> smell the foul odor of the glass tubes they call "beer." More
> importantly,
> I overheard that my confinement was due to my power of "allergies." Must
> learn what this > is and how to use it to my advantage.
>
>
> Day 774
>
> I am convinced the other capitives are flunkies and maybe
> snitches. The dog is routinely released and seems more than happy
> to return. He is obviously a half-wit.
>
> The bird on the other hand has got to be an informant. He has
> mastered their frightful tongue (something akin to mole speak and
> speaks with them regularly. I am certain he reports my every move.
> Due to his current placement in the metal room, his safety is assured.
> But I can wait, it is only a matter of time.... | {
"pile_set_name": "Enron Emails"
} |
Further to my recent mail, here is another one regarding the FX business in
New York acquired as part of the assets of Rudolf Wolff.
Tina, I need to discuss the softs and FX business with you today in view of
my impending absence. Please ask Jon Barrett to copy you in on the mails.
Regards
Janine
---------------------- Forwarded by Janine Juggins/LON/ECT on 03/08/2000
14:14 ---------------------------
Jon Barrett@MGLTD
03/08/2000 14:10
To: [email protected]
cc: Janine Juggins/LON/ECT@ECT, Andrew Cornfield/LON/ECT@ECT, Trena
McFarland/LON/ECT@ECT, Paul Simons/LON/ECT@ECT, Kevin
Rhodes/MGLTD_London/MGLTD@MGLTD, Sid Tipples/MGLTD_London/MGLTD@MGLTD
Subject: Re: Foreign Exchange from a US entity
David
The US entity we're considering at the moment is an FCM, regulated by the
CFTC and which is a member of NYMEX/COMEX. It currently clears the NY
exchanges metals business for the group. It will probably be utilised to
clear the NY exchange energy business following the Enron tie up. It may
assist in clearing CSCE business but is unlikely at this stage to be looking
to be a CSCE exchange member.
It currently has capital of $2 million and subordinated debt of $20 million.
Profits are generally paid out in the form of a dividend so although it may
have a small amount of retained profit it won't be material. Currently it has
about $10 million of regulatory capital requirements.
Depending on your advice, we may consider an un-regulated company with, at
the moment, not very much capital. This latter point could be rectified,
either with subordinated debt or capital injection. The EFP customer
facilities (approximately 50% of the business) may prohibit this.
I hope this is enough info.
Best regards.
Jon
[email protected] on 03/08/2000 03:57:28
To: jbarrett
cc:
Subject: Re: Foreign Exchange from a US entity
Thanks. I will prepare a memo. One question on your e-mail -- can you give
me a bit more information about the US entity that will be the FX dealer?
For example, is it currently regulated in any respect? Is it, or will it be,
engaged in any other businesses? How large is it in terms of assets or net
worth? Thanks. I'll get back to you soon.
>>> <[email protected]> 08/01 1:32 PM >>>
David
Further to our recent telephone conversation, we would be grateful if you
would
give us a brief written summary on the regulatory and/or legal issues
governing
a US corporation transacting foreign exchange with US and non-US customers. My
basic understanding of our telephone conversation was that, as a non-bank,
neither the Fed, the SEC nor the CFTC have any jurisdiction. However the
Commodities Exchange Act prohibits us from contracting with certain types of
counterparties.
The potential business we are looking at currently covers outright foreign
exchange with counterparties such as banks, securities houses, funds,
corporates
and, possibly, high net worth individuals. The business also covers the
provision of EFP facilities for these customers whereby they ultimately
receive
a currency futures position on the IMM division of the CME or on FINEX. This
latter area is one where, from the Exchanges' points of view, we would
effectively be acting as an executing broker.
I hope this brief description is enough for you to be able to respond but if
you
have any questions or would like further clarification, you can contact me by
e-mail or by telephone on +44 20 7265 5421.
Thank you for your help in this.
Kind regards.
Jon Barrett
The information contained in this e-mail message and any files transmitted
with
it are confidential and may be legally privileged. It is intended only for the
addressee and others authorized to receive it. If you are not the intended
recipient or the person responsible for delivering the message to the intended
recipient you are advised that you have received the e-mail in error and that
any disclosure, copying, distribution or action taken in reliance on the
contents of the e-mail and it's attachments is strictly prohibited and may be
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recipient.
----------------------------------
This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately. | {
"pile_set_name": "Enron Emails"
} |
FYI
----- Forwarded by Richard B Sanders/HOU/ECT on 10/29/2000 09:01 AM -----
"WENDY EDWARDSON" <[email protected]>
10/27/2000 10:00 AM
To: <[email protected]>
cc: "DALTON MCGRATH" <[email protected]>, "DAN FOURNIER"
<[email protected]>, "GLENN LESLIE" <[email protected]>, "MARK
MORRISON" <[email protected]>, "WEB MACDONALD"
<[email protected]>
Subject: 83829/44 Enron Canada re Special matter - Project Stanley
Status Report re: tape transcripts
At this time, this summary has been sent to you only.
Counsel for Powerex has indicated that he now has instructions to share with
us the information that has been seized from their offices by the Bureau in
exchange for our providing similar information to them.
He has also indicated to us that between the 19th and the 25th of October,
the Bureau came to Vancouver and listened to the Powerex tapes using Powerex
equipment in that they had been unable to listen to them with their own
equipment.
As you are aware, the tapes seized from the Enron offices in Calgary cover
the period of September of 1999 to the end of October.
The tapes which we have listened to, but which they have not seized, cover
the period commencing in late May of 1999 to September, 1999.
With respect to the tapes that they have seized, initially we exerted a claim
of privilege to all of the tapes. The Bureau has now come back to us and has
asked us to clarify how we would propose resolving the privilege question.
We have volunteered to have this discussion with them, but to this point in
time, they have not responded to us.
If, as and when the conversation occurs, our position will be that we intend
to claim privilege with respect to conversations with lawyers only. How this
particular aspect of the matter would be resolved is not as yet clear.
Our view is that with respect to the conversations they have, they are not
particularly damaging but the conversations do not particularly add to the
flavour of the matter to our benefit.
On Wednesday of next week, we will be meeting with counsel for Powerex to see
exactly which conversations they have delivered to the Bureau. We will
advise him of the conversations that have been taken by the Bureau from our
offices and at the conclusion of this matter, we should be able to see
exactly what it is that the Bureau has in terms of conversations between
Powerex and Enron.
We look forward to discussing this matter with you at your convenience.
Yt
Web Macdonald | {
"pile_set_name": "Enron Emails"
} |
ROBERT BENSON,
?
The PEP system closes on Friday, May 25, 2001.
?
Our records indicate that you have not selected reviewers. Please suggest a
list of reviewers as quickly as possible - the feedback process cannot begin
until your list of reviewers has been reviewed and approved by your
supervisor.
?
To suggest your reviewers, access PEP at http://pep.enron.com and select
'Suggest Reviewers' from the Main Menu.
?
If you have any questions regarding the PRC process or the PEP system, please
contact the PEP Help Desk at:
Houston: 1.713.853.4777, Option 4 or email: [email protected]
London: 44.207.783.4040, Option 4 or email: [email protected] | {
"pile_set_name": "Enron Emails"
} |
Louise,
The wheels are in motion to update the iBuyit system per your request. Our expectation is to have the production environment updated by end of next week. We are working with Tammy Shepperd to draft a communication for your consideration in notifying your employees of the changes.
Thanks
John
-----Original Message-----
From: Kitchen, Louise
Sent: Friday, September 14, 2001 11:50 AM
To: Wasaff, George
Cc: Gillespie, John
Subject: RE: Delegation of Authority
Please alter authority levels for Enron Americas to the attached spreadsheet.
The problem is clear that these limits were done by Philippe which is a completely different working issue. << File: EWS Spend and Approval.xls >>
Thanks
Louise
-----Original Message-----
From: Wasaff, George
Sent: Thursday, September 13, 2001 4:04 PM
To: Kitchen, Louise
Cc: Gillespie, John
Subject: Delegation of Authority
Louise:
Attached is the delegation of authority currently in effect for Wholesale Services/Americas that we discussed yesterday. I have created a new column entitled Revised Spend Limit to facilitate changes.
Thanks again Louise for your support,
George
<< File: EWS Spend and Approval.xls >> | {
"pile_set_name": "Enron Emails"
} |
--------- Inline attachment follows ---------
From: </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SCORMAN>
To: '[email protected]'
CC: '[email protected]'
Date: Wednesday, February 13, 2002 8:51:54 GMT
Subject:
Mike,
Per your request for information to assist you on a NM tax matter, attached is a summary of measured receipts into the Transwestern system by state for the period
April 2001 to June 2001.
Best Regards,
Shelley Corman
713-853-7083 | {
"pile_set_name": "Enron Emails"
} |
Per my memo below, please enroll Brenda Herod, James Scribner, Thresa Allen
and Shona Wilson for the May session. Thanks for the reminder and for your
help! --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 04/04/2001 01:55 PM
---------------------------
Enron North America Corp.
From: Sally Beck 04/04/2001 01:56 PM
To: Beth Apollo/HOU/ECT, Leslie Reeves/HOU/ECT@ECT, Brenda F
Herod/Enron@EnronXGate
cc:
Subject: FW: Impact and Influence
The past two years, Enron has offered a very effective two-day session called
Executive Influence and Impact. This is required of everyone at the VP level
and above, and participation is definitely tracked. I thought that the class
was very helpful. 360 feedback is solicited prior to the session and is used
in a very constructive and focused way to help each participant target two to
three areas in which specific actions will be targeted to improve on the
participant's leadership in communicating with and motivating employees.
Enron will now offer this course tailored for Directors and Senior
Directors. I would like to have all directors and senior directors in our
organization take advantage of this opportunity. Unfortunately, I didn't
find out about this opportunity early enough to work with everyone to plot
out a schedule in advance for all directors and senior directors. I want to
work with the entire management team to create that plan, as sessions will be
offered in May, September, November and February (2002).
However, today is the deadline for registering participants for the first
session, May 16 and 17. This will be given in Houston. I would like to have
several participants from our team in this first session. My suggestion
would be that Brenda Herod and James Scribner attend as senior directors and
that we also extend this opportunity to Shona Wilson and Thresa Allen as
directors. I have asked Hector to secure four spots for us, using these
names as participants. If this timing does not work, please let me know and
we can determine who could be substituted for the May session. We would have
to name a sub right away, so please get back with me ASAP and confirm that
the four names that I have suggested will be able to attend, or let me know
your recommendation on a substitution.
Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 04/04/2001 01:40 PM
---------------------------
From: Hector McLoughlin/ENRON@enronXgate on 04/04/2001 11:21 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: FW: Impact and Influence
Sally,
Let me know how I can help you with this opportunity.
Thanks,
;
Hector G. McLoughlin, PHR
Human Resources
Enron Net Works
Office: 713-853-6703
Cell: 713-854-0839
; | {
"pile_set_name": "Enron Emails"
} |
Kay,
Here is a form of the notice that needs to go out to the E-Next Generation
lenders. | {
"pile_set_name": "Enron Emails"
} |
Mr. Cates, sir, would you please approve of the attached expense report? You
are a kind and generous man. | {
"pile_set_name": "Enron Emails"
} |
>X-Sender: [email protected]
>Date: Thu, 2 Nov 2000 11:35:27 -0600
>To: [email protected]
>From: Ann Wukasch <[email protected]>
>Subject: Fwd: RE: The Potter's Hand
>
>>From: "Beckworth, Melissa" <[email protected]>
>>To: 'Ann Wukasch' <[email protected]>
>>Subject: RE: The Potter's Hand
>>Date: Thu, 2 Nov 2000 10:42:46 -0600
>>
>>hey. thanks for your note! okay okay...i'll call gerald! just kidding.
>>
>>thanks for thinking of me annie! i was actually out of town for like a week
>>the first time he called. i think he called again tuesday and left a
>>number...i'll call him today, promise!!! i think i am just a little worn out
>>of the set-ups, you know? i'll trust your opinion though and give him a
>>call! glad to hear that things are well with chris. he seems to adore you.
>>and i totally understand about the marathon stuff...it is a drag! when is
>>the marathon? i bet that day you will feel more like running than you have
>>during training though...it's pretty exciting with all of the supporters
>>cheering you on. regardless, i am proud of you for doing this!!! gotta
>>run..i'll let you know if/when i meet gerald. how do you know him anyway???
>>love you - melis
>>-----Original Message-----
>>From: Ann Wukasch [mailto:[email protected]]
>>Sent: Thursday, November 02, 2000 10:08 AM
>>To: Beckworth, Melissa
>>Subject: RE: The Potter's Hand
>>
>>
>>Hi my darling girl?!?!?! How are you? All is well in the Big D!
>>Just working lots, and Chris and I have been going back and forth
>>between here and Austin. He's great - we're having lots of fun!
>>What about you? I hear Gerald called and you never called him back.
>>I'm telling you Meliss - he is a CATCH! You NEED to meet him!
>>
>>Marathon training sucks - I hate it! I will be walking most of
>>it....ugh! Oh well, write back and tell me all about you? Dating?
>>Love Wu
>> ++++++CONFIDENTIALITY NOTICE+++++
>>The information in this email may be confidential and/or privileged. This
>>email is intended to be reviewed by only the individual or organization
>>named above. If you are not the intended recipient or an authorized
>>representative of the intended recipient, you are hereby notified that any
>>review, dissemination or copying of this email and its attachments, if any,
>>or the information contained herein is prohibited. If you have received
>>this email in error, please immediately notify the sender by return email
>>and delete this email from your system. Thank You
--
Sharon Snyder
[email protected] | {
"pile_set_name": "Enron Emails"
} |
I am on my way. you just can't work without me can you?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net) | {
"pile_set_name": "Enron Emails"
} |
-----Original Message-----
From: Scholtes, Diana
Sent: Thursday, September 27, 2001 11:10 AM
To: '[email protected]'
Subject: Clarification Letter
Mark,
Can you re-clarify the policy for using the 3-4 character acronyms again. There are assumptions being made that tags will be denied, starting Oct. 1, if you don't use the new 3-4 character POR/POD list even if its prior to the implementation of spec 1.7. References are being made to your clarification e-mail. But I don't read anything that states tags will be denied.
Thanks,
Diana Scholtes
Enron
(503) 464-3807 | {
"pile_set_name": "Enron Emails"
} |
Tatiana -
After researching these three deals, we've found that our group does not have access to reliable third-party documentation to support their occurrence. Because there are no Real Time confirmation letters, and no NERC Tags were done for hourly deals at the beginning of this year, it falls to cash invoices to support the validity of Real Time deals. I've spoken with Stacey White, in Houston's Risk group, and she explained to me that there are documents our Settlements group can access that may provide the information you need.
I'm sorry to keep sending you from group to group, but I'll be more than happy to help you get ahold of people who can provide you with relevant deal documentation.
Please let me know if you have any questions.
Thanks,
Kate Symes
Real Time Trading Support
503-464-3939
-----Original Message-----
From: [email protected]@ENRON [mailto:IMCEANOTES-tatiana+2Ev+2Ewaxler+40us+2Eandersen+2Ecom+40ENRON@ENRON.com]
Sent: Wednesday, June 27, 2001 10:44 AM
To: Symes, Kate
Subject: Power Trading Audit Request
Kate,
I was referred to you by Cara Semperger in regards to obtaining support for
the following West Hourly Deals:
Deal # 507713.1
Deal # 528572.1
Deal # 566541.1
To complete our testing process we need to see 3rd party support (such as
NERC Tag support or 3rd party invoice) for the deals mentioned above. Since
we are in the final stage of our audit, your prompt attention to this
matter would be greatly appreciated.
Please call me directly at (713) 646-6335 if you have any questions.
Thank you!
Tatiana
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you are not the addressee indicated in this message (or responsible for
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Opinions, conclusions and other information in this message that do not
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Start Date: 10/8/01; HourAhead hour: 12; No ancillary schedules awarded. No variances detected.
LOG MESSAGES:
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001100812.txt
Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
Details:
TRANS_TYPE: FINAL
SC_ID: ECTRT
MKT_TYPE: 2
TRANS_DATE: 10/8/01
TIE_POINT: PVERDE_5_DEVERS
INTERCHG_ID: CISO_EPMI_SRP
ENGY_TYPE: NFRM
---- SC Trades Schedule ----
*** Final schedule not found for preferred schedule.
Details:
TRANS_TYPE: FINAL
SC_ID: EPMI
MKT_TYPE: 2
TRANS_DATE: 10/8/01
TRADING_SC: APS1
PNT_OF_INTRC: NP15
SCHED_TYPE: ENGY
PURCH_SALE: 2
DEAL_NO: 1 | {
"pile_set_name": "Enron Emails"
} |
Dear EvMBA Students,
Please remember to stop by the office and fill out your address update
form. Even if your information has not changed we would still like you to
fill it out. If you do not do so, we will not be able to put your
information in the student directory (which will be available soon). Once
again, if you do not fill out the form we will assume that you do not want
to be included in the directory. I hope you are having a great semester so far.
Thanks,
Josh Bortman
Evening MBA Program | {
"pile_set_name": "Enron Emails"
} |
Added to the general agenda:
1. CPUC draft order suspending direct access
2. SB 39X
3. Role of other Western Governors on state ownership of transmission?
4. Time for daily call? | {
"pile_set_name": "Enron Emails"
} |
http://www.rrc.state.tx.us/divisions/gs/rap/storage-statistics/rsts0103.html | {
"pile_set_name": "Enron Emails"
} |
The luncheon will be on Tuesday, October 3rd. | {
"pile_set_name": "Enron Emails"
} |
- Cindy_Skinner_110801.doc | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Richard B Sanders/HOU/ECT on 11/30/2000 09:25 AM -----
Elizabeth Sager
10/30/2000 03:05 PM
To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: Vernon
fyi
----- Forwarded by Elizabeth Sager/HOU/ECT on 10/30/2000 03:04 PM -----
Christian Yoder
10/30/2000 02:57 PM
To: Elizabeth Sager/HOU/ECT@ECT
cc:
Subject: Vernon
Here are the values of the Vernon transactions. ----cgy
---------------------- Forwarded by Christian Yoder/HOU/ECT on 10/30/2000
12:46 PM ---------------------------
From: Kim Ward on 10/27/2000 04:09 PM
To: Christian Yoder/HOU/ECT@ECT
cc: Timothy Osting, Matt Motley/PDX/ECT@ECT
Subject: Vernon
Christian,
As you requested, here are the current values of trades involving Vernon:
1) $ value of killed 10 yr transaction = $13,300,000
2) $ value of all other deals with Vernon = ($5,800,000)
3) $ value of killed deal for 1st year = $1,300,000
Let me know if you have any questions or need additional information.
Thanks,
Kim Ward | {
"pile_set_name": "Enron Emails"
} |
Dear Medicine Bow Shipper:
Yesterday the FERC authorized WIC to placed the entire Medicine Bow Loop and
compression into service. WIC will have the contracts in the system and
ready to accept nominations on Thursday November 29 for transportation on
Friday November 30.
Please call me if you have any questions.
Laine Lobban
719-520-4344
719-331-3379 (cell)
******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
****************************************************************** | {
"pile_set_name": "Enron Emails"
} |
Subject: Perfect
>
>
> DOES THIS LOOK FAMILIAR?
>
>
- WAITINGF.tif | {
"pile_set_name": "Enron Emails"
} |
-----Original Message-----
From: Kaminski, Vince J
Sent: Friday, January 11, 2002 11:57 AM
To: Olson, Cindy
Cc: Power, Bobbie; Kaminski, Vince J
Subject: Leann Walton (referred by Vince Kaminski)
Cindy,
Thanks for your offer to help one of my employees.
Her name is Leann Walton and, as you remember, she is
a single mother on maternity leave.
She will call you directly.
It was a real privilege to work with you for so many years.
Vince | {
"pile_set_name": "Enron Emails"
} |
Start Date: 2/6/02; HourAhead hour: 11; HourAhead schedule download failed. Manual intervention required. | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Tana Jones/HOU/ECT on 11/06/2000 05:05 PM -----
Bradley Diebner
11/06/2000 05:04 PM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/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, 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
cc:
Subject: EOL Credit Responses 11/06/00
Regards,
bd | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by David W Delainey/HOU/ECT on 05/15/2000
06:24 PM ---------------------------
From: Mitch Robinson @ ENRON 05/15/2000 06:03 PM
To: John Normand/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Gavin Gaul/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bob
Greene/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kevin M Presto/HOU/ECT@ECT, David
W Delainey/HOU/ECT@ECT, Mark Dobler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Larry L Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Peaker Schedules
From Mike Miller and Mitch Robinson
John -
After today's conference call regarding the peakers and after today's failed
attempt to commercially dispatch two of the units at the Lincoln facility, we
see the following action items that need immediate resolution in order to get
the peakers back on schedule:
Lincoln:
1. Discussion with GE at sufficiently high level to determine whether any GE
units at any sites have ever made <9 ppm NOx with CO <25 ppm (M. Dobler has
initiated this discussion with Michelle April of GE).
2. A detailed plan of attack from GE to get the units within guarantee
emission limits.
3. Resolution of the HMI sluggish response issue complete with a plan of
attack. The units can be run, but are clearly not ready for commercial
operation with the sluggish HMI.
Wheatland:
1. A plan of attack from Westinghouse to correct the fuel valves (and/or
nozzles) on units 1 and 2. Currently, the units can not be run reliably at
base load.
2. Plan of attack and schedule to correct the vibrations on 1 & 2.
3. A response from Westinghouse and PCD to get dedicated TD and controls
support (this comment also applies to Gleason); sharing Rutledge and PCD
controls personnel is proving inadequate.
4. Frequent technical questions for Westinghouse are taking extended time to
get answers. A dedicated EE&CC or NEPCO representative in the Orlando office
would help facilitate getting rapid answers (applies to Gleason also).
Gleason:
1. A detailed schedule and plan of attack is needed for the compressor blade
modifications on units 1&2.
2. An on-site EE&CC representative is required to bird-dog the compressor
blade seals modification.
3. Verification from Westinghouse that the 12 day modification will not slip
into 3 weeks is required (see item 1).
4. Verification that the IGV's have been fully corrected is required.
5. A response from Westinghouse and PCD to get dedicated TD and controls
support (this comment also applies to Wheatland); sharing Rutledge and PCD
controls personnel is proving inadequate.
6. Frequent technical questions for Westinghouse are taking extended time to
get answers. A dedicated EE&CC or NEPCO representative in the Orlando office
would help facilitate getting rapid answers (applies to Wheatland also).
Mitch Robinson & Mike Miller | {
"pile_set_name": "Enron Emails"
} |
I have created deal tickets 241558 and 241560 for July 99 - March 00 based on
the info below. Due to time constraints, I have not researched pricing and
volumes, I trust that the info supplied to me agrees with the contract.
Robert - We need to get together tomorrow afternoon to set up April.
D
Julie Meyers
04/11/2000 09:28 AM
To: Daren J Farmer/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT
cc:
Subject: Re: Equistar Deal Tickets
What is going on about this deal? Can we get this resolved today?
Robert: Who requested Valero to be split out?
Thanks!
Julie
---------------------- Forwarded by Julie Meyers/HOU/ECT on 04/11/2000 09:28
AM ---------------------------
Tina Valadez
04/06/2000 01:01 PM
To: Julie Meyers/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT
Subject: Re: Equistar Deal Tickets
Are you still available to assist Robert with entering the new deal tickets
for Equistar? After talking with Bryan Hull and Anita Luong, Kyle and I
decided we only need 1 additional sale ticket and 1 additional buyback ticket
set up.
---------------------- Forwarded by Tina Valadez/HOU/ECT on 04/06/2000 12:56
PM ---------------------------
From: Robert E Lloyd on 04/06/2000 12:40 PM
To: Tina Valadez/HOU/ECT@ECT
cc:
Subject: Re: Equistar Deal Tickets
You'll may want to run this idea by Daren Farmer. I don't normally add
tickets into Sitara.
Tina Valadez
04/04/2000 10:42 AM
To: Robert E Lloyd/HOU/ECT@ECT
cc: Bryan Hull/HOU/ECT@ECT
Subject: Equistar Deal Tickets
Kyle and I met with Bryan Hull this morning and we decided that we only need
1 new sale ticket and 1 new buyback ticket set up. The time period for both
tickets should be July 1999 - Forward.
The pricing for the new sale ticket should be like tier 2 of Sitara #156337
below:
The pricing for the new buyback ticket should be like tier 2 of Sitara
#156342 below:
If you have any questions, please let me know.
Thanks,
Tina Valadez
3-7548 | {
"pile_set_name": "Enron Emails"
} |
Do you want to continue this stuff?
-----Original Message-----
From: Barnes, Caroline
Sent: Thursday, December 27, 2001 2:43 PM
To: Hayslett, Rod
Subject: FW: PROPHETX
I forwarded this to Danny and left two phone messages but I have never heard back as to what he wanted done about this software. cvb
-----Original Message-----
From: Patnaik, Anoop
Sent: Wednesday, December 05, 2001 9:31 AM
To: Smith, Chris A.; Barnes, Caroline
Subject: RE: PROPHETX
I have created a report of people that have Prophetx installed on their machines.
Please let me know if you like to see any details about this application.
Thanks,
Anoop.
Ext: 53448
Mobile Phone: 713-859-5861
E-Mail: [email protected] <mailto:[email protected]>
-----Original Message-----
From: Smith, Chris A.
Sent: December 04, 2001 1:26 PM
To: Patnaik, Anoop
Cc: Barnes, Caroline
Subject: PROPHETX
Caroline Barnes has asked if you would scan the ETS systems to identify who has the PROPHETX software installed. We're concerned about the name...it could be PROFITX. However, Danny McCarty has it installed, so you could check the spelling there.
Would you please provide her with a report? If you have any questions, please feel free to call me at 33270 or Caroline at 36375.
Thanks,
Chris | {
"pile_set_name": "Enron Emails"
} |
-----Original Message-----
From: Hunsucker, Brett [mailto:[email protected]]
Sent: Friday, August 10, 2001 1:24 PM
To: Stokley, Chris
Subject: Checking in
Did you ever receive my email from a couple of weeks ago? Does Donna Johnson still work for Enron?
Brett Hunsucker
Senior Client Representative
Electric Reliability Council of Texas
Phone: 512.248.6509
Cell: 512.917.0056
Fax: 512.248.3995
email: [email protected] | {
"pile_set_name": "Enron Emails"
} |
Please prepare a new Master Physical draft per terms of the attached credit
worksheet.
thanks
brant
From: Jennifer Fraser 12/04/2000 12:44 PM
To: Jeffrey T Hodge/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT
cc:
Subject: Master Firm and Amendmendment to Master Swap
Folks:
Do we have a draft master firm that we can send to JD Irving with credit erms?
What about the amendment to the Master Swap -- Have we sent it yet?
JDI said they have received nothing
DId I gve you guys everything you need for these contracts?
Thanks
JEn | {
"pile_set_name": "Enron Emails"
} |
You have signed the last beam....
Now watch it rise.
Enron employees are invited to celebrate the
Topping-Out of Enron Center South
this afternoon at Antioch Park
3:45 pm - 4:30 pm.
In celebration of Arbor Day, tree saplings will be
handed out to all participants.
In the event of rain, the Topping-Out Celebration will air on IPTV Wednesday and
the tree saplings will be distributed in the plaza today at 4:00 pm | {
"pile_set_name": "Enron Emails"
} |
This is the subject on which you and I have exchanged calls/e-mails. It will
likely come as a great shock to David, so I want your thoughts/input on how
to handle. For example, getting this type of news by phone would be tough.
Do I need to go to Singapore, or does HR have someone in Singapore who can
deliver the message directly/face-to-face. The reasons for termination are
as follows:
1 out of his depth on technical side of EBS;
2 Has been found to be deficient in some meetings in which he has
participated with commercial team, e.g., has begun to explain, or interrupted
explanations of others, and then been unable to complete explanation
(probably due to weaknesses in item 1, above), but, in any event, makes for
less than wholly satisfacotry meeting from commercial perspective (per Bill
White, EBS Asia bandwidth trader);
3 Has been found sorely wanting in terms of being a good team player, taking
credit for work of others, being patronising, and too easily asking for
assistance from others (including me) when he could do his own research
(especially after I have given him a pretty clear steer on where to do the
research);
4 Has not really ever understood the Enron business model (market making;
assets not for assets sake, but to serve the trading platform).
The positive: good work ethic, good written communications. I found him
pleasant, but I do not discount that when dealing with peers/subordinates, he
did suffer the behavioural deficiencies noted in point 3 above.
My thoughts are that we provide him sufficient advance notice, and pay, so
that he is not left in a far away and expensive place, without income (though
he is a retired foreign service officer, so he will ot be suffering
hardship). I need your guidance on this. He is almost certainly over 40
(though I do not make his age my business), so I will also look to you to
make sure that this is appropriately handled for someone in a "protected
class", as I would appreciate the employment laws. I think we need to commit
to move him back to the USA at our cost, though if he gets new employment in
singapore, or an employer who is willing to pay for his move, we should not
be on the hook (though if our paying to move him back to the USA helps him
get a job, then that should not be an issue or impediment).
I hope that this is enough to get you started, and that I have been clear. I
look forward to hearing from you on Monday. thanks mcs | {
"pile_set_name": "Enron Emails"
} |
Thursday Call
Participants: -everybody
-all groups
Meeting Room: Houston - EB 751
Time: 11:30 a.m. (CST)
Dial-In: 800-991-9019
Passcode: 6207248 | {
"pile_set_name": "Enron Emails"
} |
Chris,
Attached is a draft copy of a Master Purchase/Sale Agreement for physical natural gas transactions. We are working on some of the information that Bonnie sent us and will be in touch next week with some ideas. It would be good for us to go ahead and get things rolling with this contract so we will be prepared to enter into transactions, whether they fall within the the realm of the management services agreement or not.
Please call me with any questions you might have. My legal guys are standing by to assist, too.
Have a good weekend -
Kim Ward | {
"pile_set_name": "Enron Emails"
} |
-----Original Message-----
From: Robinson, Richard T.
Sent: Wednesday, October 24, 2001 8:52 AM
To: Carter, Karen E.
Subject: FW: October 23rd and 24th Market Pulp Team Meeting
-----Original Message-----
From: Bryja, James
Sent: Monday, October 08, 2001 3:55 PM
To: Bruch, Greg; Robinson, Richard T.; Conner, Andrew R.; Braune, Carlos; Monroe, James; Dimitry, Dirk; Rickard, Craig; Ferrell, Daniel; Biggerstaff, Finley; Boudreaux, Jay; Hamilton, Daniel
Cc: Malcolm, Rodney; Crane, Bob; Saltiel, Robert; Bhatia, Om; Trevino, Dora
Subject: October 23rd and 24th Market Pulp Team Meeting
As many of you already know, we have scheduled an offsite market pulp planning meeting for October 23rd and 24th. We intend on addressing a range of strategic objectives as well as cover specific customer related issues. The meeting will be held at the Doubletree Hotel in the Austin Room. We will begin promptly at 8:00 am on 10/23 and 10/24. Lunchs will be provided Please make sure your calender is clear for both days.
October 23rd will focus on a technical issues relating to pulp fiber characteristic, product end uses and marketing strategies for a range of N. American grades. We are bringing in an outside consultant to run this session (agenda to follow).
October 24th will focus on business strategy issues (see attached 10/24 agenda). I have taken the liberty of volunteering some of you to run specific portions of the session. We will need to manage our time carefully if we are to successfully complete the agenda.
It is also important that you develop an acocunt plan for each of the accounts you are responsible for prior to 10/23 (account assignments attached, ENE Universe). I have already asked each of the pulp originators to get with the appropriate pulp cash trader to develop these plans. Each plan should be concise enough to fit on one page, and contain three sections - key account goals, financial and physical products targeted to achieve account goals and an activity plan. You will be expected to present each during the meeting.
Jim | {
"pile_set_name": "Enron Emails"
} |
Kate,
How do I get David removed from schedule crawler?
Could you help me with this.
Thanks,
Bill | {
"pile_set_name": "Enron Emails"
} |
The following file contains a graphical view of the North American Gas average deal count by Trader and Product for EOL. This information is for comparative analysis only. Do not update links when opening this file.
If you have any questions regarding this breakout, please let me know .
Adam Johnson
EnronOnline
x54877 | {
"pile_set_name": "Enron Emails"
} |
Please let me know when you send it to legal, so I can track the progress.
Thanks,
--Stinson
From: Laine Borgman@ENRON on 11/20/2000 03:23 PM
To: Stinson Gibner/HOU/ECT@ECT
cc:
Subject: Re: d-g ENERGY
Stinson, attached is the final version of the sofware license agreement.
Prior to any signatures being placed on the document by Enron, I need to send
the document to our legal counsel for his sign-off by initialing.
Laine | {
"pile_set_name": "Enron Emails"
} |
Hey:
I just want to confirm the trades I have in your book.
Trade #1. I sell 4000 X @ 4652
Trade #2. I buy 4000 X @ 4652
I sell 4000 X @ 4902
Trade #3 I buy 4000 X @ 5000
I sell 4000 F @ 5000
Net result: I have 4000 F in your book @ 4902.
Thanks,
John | {
"pile_set_name": "Enron Emails"
} |
Here are the results of our efforts since our last report:
Counsel Interviews:
Charles Dick
4:00 p.m. (he is still waiting for an Orange County jury)
He is working on clearing conflicts.
Various offices of Baker have been contacted for
purposes of this case by:
NRG, Reliant, Williams, Duke
David Noonan & Michael Kirby
Available but not scheduled. He is working on clearing the
Southern California Edison potential conflict.
Michael Weaver
Will not have conflict results done until Mondayh.
PGE, SDGE and others. He is still in New York is part of the problem. He
is available to meet if conflicts clear. He understands that he needs to
get this done ASAP.
Dan Lamb
Available.
Al Stokes Counsel List
No action taken to date.
Experts
Charles River
Called Gordon Rausser and gave him Richard's contact
information in Houston and suggested he try to meet after meeting with Ken
Lay.
NERA
Called again. Expect to hear back at 3:00 p.m.
today.
Preemption
Enron's FERC filing today will directly address preemption unless it
is changed immediately.
Removal
We believe that SEMPRA is a California Corporation with its
principle place of business in San Diego. Source: California
Secretary of State On Line Records- Lexis. If SEMPRA has been served, there
may be no way to remove based upon diversity unless we can show a sham
(unlikely here.) If SEMPRA is not served yet and the other served
defendants agree, maybe we could get removal. If SEMPRA is later
served, factor in remand.
Election of Judges:
We are still determining election cycle for Judge Meyer and Judge
Amos.
According to one counsel that we interviewed, he believes that Judge
Meyer is a "dim bulb on the chandelier" and Judge Amos is worse.
=======================================================
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use, disclosure or distribution is prohibited. If you are not the intended
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the original message.
To reply to our email administrator directly, send an email to
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BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com | {
"pile_set_name": "Enron Emails"
} |
Hello Nymex. The previous marks sent out today where as of close dec 20 Thursday.
- marks.xls | {
"pile_set_name": "Enron Emails"
} |
Below is an Excel spreadsheet that shows all outstanding November 2001 TW transportation invoices mailed to ENA on 12/03/01 in which they were designated as the payor. Of the $569,434.56 invoiced, $213,603.58 was through our capacity release program as the acquiring shipper for two Citizens Communications Company contracts. Another $226,350.00 was for ENA acting as agent for Eastern New Mexico Gas Association, Enervest San Juan Operating, LLC, and the Southern Ute Indian Tribe. The remaining $129,480.98 is for their own contracts with TW. Please see the attached schedule for the details.
Citizens is aware of their accountability for ultimate payment of the demand portion of the contracts in which they released capacity.
Rick | {
"pile_set_name": "Enron Emails"
} |
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