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Barry,
Interstate Gas Services, on behalf of the DWR, will be soliciting bids for
gas supply. We are currently contemplating limited gas purchases, and would
like to get a GISB in place. We would like to do a quick follow up in
regards to the status of the GISB contract between yourselves and the
Department of Water Resources. If your legal department has any questions
or concerns, please contact Mark Baldwin of Interstate Gas Services at
925-243-0350.
To address any credit concerns you may have, the department is currently
preparing a complete credit package which we will forward to you upon its
completion.
Again, please do not hesitate to call.
Thank You,
Brenda Buxa
Contract Administration
Interstate Gas Services
925-243-0350 | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/21/2000
06:22 PM ---------------------------
From: Shalesh Ganjoo@ENRON COMMUNICATIONS on 06/21/2000 12:54 PM PDT
To: Martin Lin/Contractor/Enron Communications@Enron Communications, Samer
Takriti/Enron Communications@Enron Communications, Stinson
Gibner/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
cc:
Subject: Speed of Light
Gentlemen,
Please take a look at this article! Thank you.
http://www.sunday-times.co.uk/news/pages/sti/2000/06/04/stifgnusa01007.html
Shalesh Ganjoo | {
"pile_set_name": "Enron Emails"
} |
At UTC's request, yesterday Mike Jackson and I met with Kent Brittan, VP,
Global Sourcing, and members of his sourcing group. As you remember, we
first met Kent when Tom White, Dan Leff, Harold Buchanan and I called on him
two years ago. At the time, we presented an early version of a fully bundled
energy outsource in partnership with Fluor Daniel and a local real estate
management firm.
Over the last two years, UTC attempted various energy procurement strategies,
failing to execute any.
Brittan was very pleased with the content of our revised proposal yesterday,
and told us he would be taking the revised partnership strategy we discussed
directly to George David, CEO.
Brittan will also be taking the preliminary concept to UTC Corporate
Treasury, to gain its buy in on the financing aspects of the deal required to
support the demand side management infrastructure investments it so
desperately needs to affect the energy consumption reduction to which David
committed two years ago.
Barring a problem there, it appears we have finally engaged UTC in an
exclusive negotiating relationship that would yield a large scale outsource
of energy supply and demand side investment operations in all the UTC
companies, excepting Carrier. Carrier continues to insist it be treated
separately, and Brittan has decided to carve it out, rather than hold up the
entire deal. I think that strategy is part of what he will be speaking to
David about.
I requested, and Brittan agreed, that Karl Kropic (COO) be the executive
sponsor.
Mike Jackson who has worked on and off with UTC over the past 18 months will
be the lead Originator for EES moving forward. | {
"pile_set_name": "Enron Emails"
} |
BUSINESS HIGHLIGHTS
eSource
eSource, Enron's research group, has experienced an overwhelmingly positive response to the research training which it has hosted. Participation and interest by Enron employees has exceeded expectations and many classes were quickly filled. As a result, repeat classes have been offered and new sessions have been added to the program. In addition to the Lexis-Nexis and Dow Jones classes, eSource has now begun hosting sessions on Piranha (financials and pricing information), Investext (analyst reports and market analysis), Global Access (financials and corporate activity), and Securities Data Corp. (M&A, debt). eSource has also arranged long distance sessions using interactive web tools for Enron employees around the world. Watch for e-mails announcing new training sessions, either in Houston or in a virtual desktop mode.
Since our launch in December, the eSearch website has received over 230,000 hits. The site today offers Enron employees access to 34 electronic databases. These databases offer the latest financial and business on-line research capabilities in a cost-effective manner. In this era of information explosion, databases are constantly being reviewed to ensure that Enron's research needs are being met. If you know of a professionally relevant database that might be added to eSearch, let us know. Meanwhile, to further fulfill Enron's research needs, eSource is arranging for desktop access to good-old-fashioned libraries too. Books from public and local university libraries can be located, borrowed and delivered to employees' desks. This should be particularly helpful for those with more specialized or technical research needs.
We are also proud to report that at a recent local research conference, Enron's eSource was featured as an industry trailblazer for having invented itself into a combined virtual library and intranet-based research center capable of delivering a broad range of research products and services via the user's desktop. Attendees from Reliant, Shell, Halliburton and ExxonMobil and others were duly impressed.
As for the future, watch for Version 2.0 of the eSearch website, http://esource.enron.com, scheduled to launch soon. It will feature greater functionality and additional content. Look for new features like "Industry Overviews" and links to information providers like Frost & Sullivan, Country Watch, and World Energy Markets.
IN THE NEWS
Chicago And Its Suburbs Pick Enron, ComEd For Power Deals
06/06/2001 Dow Jones Energy Service (Copyright (c) 2001, Dow Jones & Company, Inc.)
CHICAGO -(Dow Jones)-The City of Chicago and 47 suburban communities have decided to divide new deals for 400 megawatts of power between Enron Corp. (ENE) and local utility Commonwealth Edison Co., Chicago officials said Wednesday.
In the largest power purchase agreement in Illinois since the state choose to deregulate the industry in 1997, the local government groups will get 60% of their power from Enron and 40% from Exelon Corp.'s (EXC) ComEd. The municipalities use the power for public buildings and public transportation.
Chicago announced Monday that the group has picked ComEd to meet the renewable target by providing 80 megawatts of power created with landfill gas, wind and other sources. ComEd will also provide the coalition with another 80 megawatts of power generated with fossil fuel and nuclear plants, and Enron will provide the other 240 megawatts. The new contracts are expected to go into effect this year.
"We used our purchasing power as local governments to get the best price we could and at the same time to promote competition in Illinois. Enron gave us the most competitive price," Chicago Mayor Richard M. Daley said at a press conference.
WELCOME
New Hires
EGM - Jennifer Morris, Mike Reen, Daniel Fuller, Jason Paterniti
ENA - Craig Hawkins, Carol Langston, Mark Morrow, Harlan Murphy, Bruce Petitt, Emily Schwarzbach, Alice Wright, Allyson Zykorie
Transfers (to or within)
ENA - Thomas Kalb, Debra Brannen, Juan Camarillo, Richard Orellana
EGM - Joana Bekerman, Eric Tipp, Kellie Metcalf, Ricardo Charvel, Jason Andrade
EIM - Jaime Araoz, Gabriel Chavez, Enrique Cadena, Rosalinda Castillo, Kimberly Chick, Ana Morena, William Brown, Grisela Escamilla, Paul Burkhart, Jodi Coulter, Douglas McDowell, Catherine Pernot
NUGGETS & NOTES
Enron is hosting the Chicago Energy Risk Management Seminar at The Drake Hotel in Chicago on June 14, 2001. Topics include: Power Outlook, Natural Gas Outlook, Hedging Strategies, Weather Risk Management and Pulp and Paper Risk Management. The RSVP deadline is June 8th so please contact Laura Pena as soon as possible at x 3-5376. This is a great event for "new" as well as established customers. There will be a cocktail reception immediately after the presentations. Enron will also be hosting seminars in Atlanta, Houston, Denver and San Francisco. Dates to be announced soon.
Congratulations to Kathy and Craig Taylor, manager in East Origination. They are the proud parents of a baby girl, Katherine Montgomery, born on May 25.
Travel tip of the week:
When booking through TAP or ClickTrip, use preferred domestic airline carriers to recognize special Enron discounts.
American 28% American West 15%
Continental 17% Delta 10-28%
Northwest 20% TWA 19-25%
United 20% US Airways 30%
Please note: discounts are confidential and should not be disclosed to anyone other than Enron employees.
EnronOnline Statistics
Below are the latest figures for EnronOnline as of June 5, 2001.
* Total Life to Date Transactions > 1,045,000
* Life to Date Notional Value of Transactions > $630 billion
experience Enron
Announcing enhancements to experience Enron:
? To begin your customer's Enron experience, we will send out customized invitations with a Guest Check-In Card that contains detailed instructions about check in.
? experience ENRON has partnered with the Plaza Reception Desk Staff to create a less stressful check in process for your customers. Once they present their card, the Plaza Reception Desk Staff will welcome them and present them with a prepared experience ENRON name badge.
? experience ENRON has also created a new look for your meetings. Our new table tents, welcome folders, name badges, agendas and presentation templates all have the same look to maintain a consistent feel throughout the visit.
? All of this is to ensure that your guest has a unique and customized experience that will exceed their expectations and help you reach your business goals faster.
For more information on experience ENRON, visit our website at experience.Enron.com.
LEGAL STUFF
The information contained in this newsletter is confidential and proprietary to Enron Corp. and its subsidiaries. It is intended for internal use only and should not be disclosed. | {
"pile_set_name": "Enron Emails"
} |
Tana - I just sent the executed CA to your fax machine.
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Wednesday, July 12, 2000 6:00 PM
To: [email protected]
Cc: [email protected]; [email protected]
Subject: Re: BrentBroker Full Style
Please find attached a copy of our proposed form of Confidentiality
Agreement. Please call me if you have any comments or questions. If the
agreement meets with your approval, please have an authorizied officer of
the company execute it and return the signed document to me at the fax
number below. Thanks for your attention herewith.
I passed on your "regards" to Robbi Rossi.
(See attached file: brentbroker.doc)
Tana Jones
Paralegal
Ph: (713) 853-3399
Fax: (713) 646-3490
"Pete Groetzinger"
<pgroetzinger@brentb To:
<[email protected]>
roker.com> cc:
Subject: BrentBroker
Full Style
07/12/2000 05:01 PM
Tana -
The legal name is: Brent Broker.com LLC
I look forward to receiving your Confidentiality Agreement.
Regards,
Peter V. Groetzinger, COO
BrentBroker.com
One Riverway, Suite 2500
Houston, Texas 77056
USA
713.888.0500
www.brentbroker.com | {
"pile_set_name": "Enron Emails"
} |
I was referencing your question about power and gas activity obligations when
I raised the issue of putting it in the exhibits (which we have done pursuant
to discussions we had last Friday) My point on the fuel plan was that
Reagan deleted it, which was fine with me. There is language in the contract
addressing Enron's responsibility to buy gas and fuel oil for the facilities.
Kay
From: David Fairley/ENRON@enronXgate on 04/09/2001 07:59 PM
To: Kay Mann/Corp/Enron@Enron
cc:
Subject: RE: MDEA question
Kay -- The fuel activity is so limited in scope that a separate Exhibit is
questionable. If you don't want fuel in the contract body, then why not make
it a subset of the marketing plan. Fuel activity is directly linked to power
marketing when running their units. Thanks -- david
-----Original Message-----
From: Mann, Kay
Sent: Monday, April 09, 2001 7:20 PM
To: Fairley, David
Subject: Re: MDEA question
Hi David,
Reagan struck all the references to the Fuel Plan.
I think the specific obligations would fit nicely in the scope exhibits, but
we can put the stuff in the body of the contract if that's better for you.
It just seemed that it would easier to work with in the exhibits.
Kay
From: David Fairley/ENRON@enronXgate on 04/09/2001 04:57 PM
To: Kay Mann/Corp/Enron@Enron
cc:
Subject: MDEA question
Kay -- Do you want detail about our specific power and gas activity
obligations in the body of the contract, or in the Marketing Plan? Is the
fuel plan included in the Marketing Plan? | {
"pile_set_name": "Enron Emails"
} |
Yes I am........
Edward Terry
12/12/2000 11:49 AM
To: Beverly Beaty/HOU/ECT@ECT
cc:
Subject: Volunteer
Interested?
---------------------- Forwarded by Edward Terry/HOU/ECT on 12/12/2000 11:49
AM ---------------------------
Chris Germany
12/08/2000 04:02 PM
To: Victor Lamadrid/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT
cc: Scott Goodell/Corp/Enron@ENRON, Victoria Versen/HOU/ECT@ECT, Dick
Jenkins/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT
Subject: Volunteer
I need a volunteer. The "Vol" will be responsible for pricing all of The New
Power deals in the market area. 99% of this activity takes place on CGAS.
Who wants it? Certain people have expressed an interest in learning more
about pricing, Tricia Spence, Joe Casas, and Beverly Beaty.
I estimate it will take about 15 minites a day during the month, and about
4-6 hours during bidweek. I also believe this deal will go away effective
4/1/2001.
Pros
Will learn the concept of a physical bookout - will become a Sitara pricing
guru like myself.
Will learn a great deal about transport pricing.
May lead into executing capacity on CGLK and CGAS - I will not turn this over
until I am satisfied with the Vol's performance on pricing.
Can easily be done after the work day crunch (this may be a pro or a con)
Will learn more about the pricing curves and how physical deals impact the
desk P&L.
Cons
Somewhat tedious - not as bad as it used to be.
May have to anwser Dick Jenkins questions.
I will have to assign this to Scott or Vickie if I don't get a volunteer.
I will do the training - possibly in the evening or on the weekend, AND I'm
very detail oriented.
I will provide feedback on this persons progress and I take this part of the
job very serious. | {
"pile_set_name": "Enron Emails"
} |
Please accept the attached Personal Achievement Award for Raetta. If you have any questions or require additional information, please let Lynn or I know. Thanks!
Rick | {
"pile_set_name": "Enron Emails"
} |
eSource presents Dow Jones Interactive training
Attend one of our Topical Dow Jones Interactive Clinics:
Advanced
Learn how to be more efficient on Dow Jones Interactive. Put some power tools to work for you. Learn how to employ codes, use search history, and customize. Hands on time is provided.
May. 31 9:00 - 10:30 AM EB564
May. 31 10:30 - 12:00 NOON EB564
Seats fill up fast! To reserve a seat, please call Stephanie E. Taylor at 5-7928
The cost is $25.00 Per Person
No Shows will be charged $50.00
* Please bring your Dow Jones Interactive login ID and password. If you don't have one, a guest ID will be provided.
Check the eSource training page at http://esource.enron.com/training.doc for additional training sessions and vendor presentations
http://esource.enron.com
<Embedded Picture (Metafile)> | {
"pile_set_name": "Enron Emails"
} |
-----Original Message-----
From: Calcagno, Suzanne
Sent: Wednesday, October 24, 2001 1:15 PM
To: Concannon, Ruth; Gomez, Julie A.; Superty, Robert; Olinger, Kimberly S.; Lamadrid, Victor; Kinsey, Lisa; Schrab, Mark L.; Allwein, Robert; Jaquet, Tammy; Cantrell, Rebecca W.; Greif, Donna; Driscoll-Ernest, Marde L.; Molinaro, Jeffrey; Germany, Chris; Neal, Scott; Townsend, Judy
Subject: FERC Approves Transco's Leidy Project, Petal Expansion, New ANR Lateral
NGI's Daily Gas Price Index
Breaking News : posted Oct 24, 12:00 PM
FERC Approves Transco's Leidy Project, Petal Expansion, New ANR Lateral
The Federal Energy Regulatory Commission issued draft orders Wednesday for Transcontinental Gas Pipe Line's Leidy East expansion in Pennsylvania, a pipeline and deliverability expansion at Petal Gas Storage in Mississippi and a new ANR lateral to serve to 1,050 MW Badger power plant in Kenosha, WI.
Transco's $98 million Leidy East pipe expansion project would make up for the failed Phase III portion of its MarketLink expansion. The Leidy East project will provide up to 130,000 Dth/d of transportation from Leidy, PA, to northeastern markets in New Jersey, New York, and Pennsylvania. The expansion consists of six pipeline loop segments that amount to 26 miles of 42-inch diameter pipe, and about 5 miles of 30-inch diameter, mostly in Western PA. The project also would add 3,400 hp of compression in Pennsylvania and New Jersey.
Williams said this summer that it expects the Leidy East facilities to be in service by November 2002 (see Daily GPI, June 20 <http://intelligencepress.com/subscribers/daily/news/d20010620e.html>). The Williams subsidiary said Aquila Energy Marketing, PECO Energy Co., Reliant Energy Services and Williams Energy Marketing are all customers.
Petal Gas Storage LLC's new pipeline would extend 59 miles to a connection with Southern Natural at a compressor station near Enterprise, MS. The $94 million project also includes a new 9,000 horsepower compressor station.
ANR Pipeline's lateral will carry about 210 MMcf/d of gas to Badger Generating Co's proposed power plant in Wisconsin. The 13-mile long pipeline would cost $19.5 million and should be in service during the summer of 2003. | {
"pile_set_name": "Enron Emails"
} |
http://www.mackichan.com/products/version_3.5_prices.htm | {
"pile_set_name": "Enron Emails"
} |
Phil,
How's this for starters...
The San Juan plant receipts and Rockies production information should be accurate. The third tab, Keystone Receipts, is definitely not comprehensive. That information is for El Paso Natural Gas only, and only the first section of the table has the receipt points values. Unfortunately, a lot of production in Keystone moves onto intrastate pipelines that we do not have data for. I'll see if I can get together at least some TW and Northern numbers for the Perm and that might be as good as we can get.
Mat | {
"pile_set_name": "Enron Emails"
} |
I'm not sure, but I think that Nevada may have a net metering law as well,
although the cut-off is probably less than 25 MW. I think that a net
metering provision would be appropriate for a number of reasons, not all of
which are compelled by state renewable laws/policies. Many small wholesale
entities (at least in Utah and other east-side locations have modest
generators behind their meters and would be disadvantaged if there were no
net metering accommodations avilable. Given the size of the generators
(generally much less than 25MW), they are not significant to the grid, but
are to their owners.
-----Original Message-----
From: Christensen, Eric
To: 'Sarah Dennison-Leonard'
Cc: Preston Michie; Marcus Wood; Barney Speckman; John Boucher;
[email protected]; Arlena; [email protected]; [email protected];
Christensen, Eric; Gary Dahlke; Michael Early; [email protected];
Eric Freedman; [email protected]; [email protected]; [email protected];
Steve Larson; [email protected]; [email protected]; [email protected];
Doug Nichols; [email protected]; [email protected]; [email protected];
Don Watkins; Connie Westadt; [email protected]
Sent: 6/23/00 2:39 PM
Subject: RE: Initial E-mail Communication - Subgroup Working on GIA, LIA,
Etc.
Sarah,
The Generation Interconnection Agreement will have to be modified to
accommodate the Net Metering law (R.C.W. Chapter 80.60) that was passed
here
in Washington in 1998. The law covers generators of 25 kW or less that
are
powered by solar, wind, hydro or fuel cells. Washington distribution
utilities are required to install two-way meters for all customers with
such
facilities and to credit those customers for any power produced in
excess of
the customer's needs. We are required to accept all qualified net
metering
customers until the total generating capacity of the net metered systems
reaches 0.1 percent of our 1996 peak load.
Because these generators are tiny and, even in the aggregate, are
unlikely
to have any appreciable effect on the operation of the grid, I think the
easiest approach would be simply to write an exemption into the GIA for
such
net metered generators.
I don't know whether any of the other RTO-West states have net metering
laws. However, net metering has been kicked around quite a bit in
connection with federal restructuring legislation. Hence, we need to
keep
an eye developments in DC in this regard.
Eric Christensen
Associate General Counsel
Snohomish County PUD No. 1
(425) 783-8649
Toll free from WA: (877) 783-1000 x8649
Office fax: (425) 783-8305
Direct fax: (425) 267-6071
[email protected] <mailto:[email protected]>
-----Original Message-----
From: Sarah Dennison-Leonard [SMTP:[email protected]]
Sent: Wednesday, June 21, 2000 5:45 AM
To: [email protected]; Arlena; [email protected];
[email protected]; [email protected]; Gary Dahlke; Sarah
Dennison-Leonard; Michael Early; [email protected]; Eric
Freedman;
[email protected]; [email protected]; [email protected]; Steve
Larson;
[email protected]; [email protected]; [email protected]; Doug Nichols;
[email protected]; [email protected]; [email protected]; Don
Watkins;
Connie Westadt; [email protected]
Cc: Gary Dahlke; Preston Michie; Marcus Wood; Barney
Speckman;
John Boucher
Subject: Initial E-mail Communication - Subgroup Working
on
GIA, LIA, Etc.
Good morning, everyone!
I am sorry it has taken me so long to contact you.
This e-mail is intended to get things rolling for the RTO West
Legal
Subgroup working on the Generation Integration and Load
Integration
Agreements, as well as Security Coordination and Scheduling
Coordinator
Agreements if necessary.
First, for your reference I have attached the following
documents:
(1) a list of participants in our subgroup;
(2) the original IndeGO Generation Integration Agreement
("GIA");
and
(3) the original IndeGO Load Integration Agreement ("LIA").
If you know of anyone who would like to be included in this
subgroup
that
does not appear on the attached participants list, please let me
know. I
will also post each of the attached documents on the RTO West
website, at
the link on the Legal Work Group page set up for our subgroup.
Second, I would like to share some initial feedback I have
received
with
respect to our assigned tasks:
(A) Concerning the Generation GIA, I have the following initial
feedback:
- Carl Imparato has expressed strong concern about existing
provisions in
the GIA designed to address instances when hydro generation
facility
operators are forced to move water through turbines, rather than
spill it,
to avoid dissolved gas super-saturation problems;
- James Mosher has expressed concern that the GIA as currently
drafted does
not adequately address issues unique to Qualifying Facilities,
and
would
like us to work on that; and
- Steve Larson of BPA has contacted me to let me know that BPA
has
developed
some initial comments on the GIA (and LIA), but I have not yet
had a
chance
to have a conversation with BPA representatives about what those
comments
are. I hope to do that sometime tomorrow (Thursday, June 22) if
possible.
(B) I have talked with John Boucher, who leads the
Implementation
Work
Group, and he says that the initial consensus within the
Implementation Work
Group is that we should begin with the approach that security
coordination
for RTO West will be accomplished through the existing
organization
set up
in the Northwest to perform security coordination (Pacific
Northwest
Security Coordinator or "PNSC," which is a Washington non-profit
corporation); and
(C) John Boucher says that the initial thinking in the
Implementation Work
Group about scheduling coordinators as that we should assume
that we
will
have scheduling coordinators for RTO West and therefore will
need to
develop
a scheduling coordinator agreement. With that in mind, I have
also
attached
to this e-mail an e-mail message from Barney Speckman on this
topic.
Barney's e-mail describes input he has received from Carl
Imparato
concerning areas in the West that have already developed
scheduling
coordinator agreements, and includes an e-mail from Carl with
sample
documents. I will also post these on the RTO West website as
soon
as
possible, along with the basic form of Security Coordination
Agreement
developed for PNSC.
I think it might be useful to plan to meet or have a telephone
conference
call during the week of July 10 (early in the week, if possible)
to
discuss
our various tasks and strategies for accomplishing them. If
most of
you are
going to be at the Legal Work Group meeting on June 27, that
might
be a good
opportunity to try to identify a time and date that works for
most
subgroup
members and to decide whether to meet in person or by telephone
conference.
I also hope to make initial "cosmetic" changes to the GIA and
LIA
very soon,
and will put the initial revised versions of those documents on
the
website
as soon as they are ready.
In the meantime, if anyone else has some input they would like
to
offer with
respect to the issues and documents assigned to our subgroup,
you
are
welcome to contact me by e-mail or telephone.
Thank you very much.
Sarah Dennison-Leonard
Krogh & Leonard
506 SW Sixth Avenue, Suite 750
Portland, OR 97204-1533
Office: (503) 219-9649
Fax: (503) 224-1895
E-mail: [email protected] << File: Legal WG - GIA&LIA
Subgroup List June 21 2000.doc.rtf >> << File: IndeGO Generation
Integration Agreement.doc >> << File: IndeGO Load Integration
Agreement.doc
>> << Message: Fwd: NWRTO-Scheduling Coordinator Concept >> | {
"pile_set_name": "Enron Emails"
} |
what is your fax number? | {
"pile_set_name": "Enron Emails"
} |
For your information. Please call me with any comments.
Thanks,
Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/20/2000 01:35
PM ---------------------------
From: Gregg Penman 06/20/2000 01:17 PM
To: Kay Mann/Corp/Enron@Enron
cc:
Subject: Chicago Legal Doc Status
Per my voicemail, attached is a list of business items that need to get put
in place in order for Midwest Energy Hub LLC to be fully operational. There
are probably others that I have missed and would welcome any additions you
may have. One thing I did not include was any internal Enron approvals,
(DASH, Legal risk memo) that may be necessary.
Call me when you have a chance to talk through the list.
Thanks,
Gregg | {
"pile_set_name": "Enron Emails"
} |
CALENDAR ENTRY: APPOINTMENT
Description:
Mary Ann Lockner
Date: 2/1/2001
Time: 3:30 PM - 4:00 PM (Central Standard Time)
Chairperson: Outlook Migration Team
Detailed Description: | {
"pile_set_name": "Enron Emails"
} |
Tanya:
We finally agreed on the guaranty form (the cap is $25 million) and are about
ready to execute the actual agreement. I have one question: in the ISDA
world, we use "cost of funds plus 1%" as the default interest rate. The Bear
document provides:
"...interest thereon at a rate equal to (A) in the case of purchases of
Foreign Securities, LIBOR, (B) in the case of purchases of any other
securities (or other amounts, if any, due to Lender hereunder), the Federal
Funds Rate or (C) such other rate as may be specified in Schedule B, in each
case as such rate fluctuates from day to day, from the date of such purchase
until the date of payment of such excess."
What is your preference: Bear's standard language or do you want to specify
another rate?
Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
[email protected] | {
"pile_set_name": "Enron Emails"
} |
Top Electricity and Natural Gas Executives To Address Tumultuous Changes in Deregulated Markets at Platts' 8th Annual Day of the Trader Conference
Dow Jones Interactive
November 19, 2001
Pushing for public power / Backers say they'll have issue on next ballot
Dow Jones Interractive
November 19, 2001
PG&E CLEANING CONTAMINATED MARTINEZ SITE - TWO FAMILIES LIVING ADJACENT TO THE SITE HAVE FILED CLAIMS AGAINST THE UTILITY, BLAMING POLLUTION FOR ILLNESSES AND DEATHS
Dow Jones Interactive
November 17, 2001
Reliant to slash rates 17 % when deregulation begins
Dow Jones Interactive
November 17, 2001
Top Electricity and Natural Gas Executives To Address Tumultuous Changes in Deregulated Markets at Platts' 8th Annual Day of the Trader Conference
FERC Commissioner Nora Mead Brownell to Deliver Keynote
Executives with some of the most dynamic companies in deregulated electricity and natural gas markets will address the 8th Annual Day of the Trader Conference, December 5-7 at Caesars Palace in Las Vegas, NV.
The conference is sponsored by Platts, the energy information, research, consulting and market services division of The McGraw-Hill Companies (NYSE:MHP).
Featured speakers include top officers from Duke Energy, Reliant Energy, Aquila, Williams Energy, Coral Energy, Calpine, Allegheny Energy Global Markets, PG&E, Southern California Gas, the New York Mercantile Exchange and others, along with the industry's top strategic analysts.
The conference also includes a panel that will take an in-depth look at how federal regulators are rewriting the rules for the trading market and what that means for trading companies. The keynote address will be delivered by the Honorable Nora Mead Brownell, a commissioner with the Federal Energy Regulatory Commission.
The conference is sponsored by the Platts family of electricity and natural gas market products including Power Markets Week, Inside FERC's Gas Market Report, Gas Daily, Megawatt Daily, Platts Energy Trader and Global Energy Business.
For more information or to register, go to www.platts.com and hit the Day of the Trader banner. You can also call Custom Meetings International at 718-317-6737 or e-mail [email protected].
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Pushing for public power / Backers say they'll have issue on next ballot
Public power advocates in San Francisco will have to convince people like Tim Colen that their idea is a good one if they want to go back to the ballot next year and win.
Colen, who lives in the West Portal area, voted against two measures on the Nov. 6 ballot that would have paved the way for a public power system in San Francisco and ended PG&E's monopoly in the local energy market. The company and other corporate interests spent more than $2 million to defeat the effort.
Colen's vote reflected the sentiment throughout the city's conservative strongholds -- among them West Portal and other West of Twin Peaks neighborhoods -- and in the wealthier pockets of Pacific Heights and Sea Cliff. In those neighborhoods, Proposition F and Measure I lost almost 2 to 1.
In the city's more liberal neighborhoods -- Haight-Ashbury, Bernal Heights, South of Market and Noe Valley -- the reverse was true. And in the Mission, support for public power was almost 3 to 1.
"Those were the districts that were focused on because of limited resources," said Board of Supervisors President Tom Ammiano, a public power booster. "Once we engaged people, talked to them, they were very responsive. I think the same thing would have to happen in the other districts when we go forward again."
For Colen, an environmental geologist and consultant, the proposals were poorly drafted, more intent to take a whack at the corporate giant PG&E than to make sure that electricity is delivered to city residents and businesses at a lower cost and more reliably -- as backers of the measures promised.
"San Francisco can get into the energy business," said Colen. "But it should be incremental, with a sound policy, and with people in charge who are experts."
In addition, he doesn't want an elected board running the operation, as both Measure I and Proposition F required, and he wants the city to explore working with PG&E instead of ousting the private utility competely. Then, Colen said, he may support public power.
Proposition F called for replacing the city's existing water and power department with a new, expanded agency to deliver publicly owned electricity to consumers. It lost by 533 votes, or less than 1 percentage point.
Measure I, the more far-reaching of the two, lost by 4,361 votes, or 3.5 percentage points. It would have set up a municipal utilities district in San Francisco and neighboring Brisbane. It made a target of PG&E but also had the power to take over the garbage, cable and phone operations.
Despite the loss, supporters of municipal power expect to resurrect the idea. Ammiano and other backers are exploring how far the city can go to begin public power without voter approval. At the same time, they are considering a way to put the issue before voters again next year.
Bob Lipman, a retiree who lives in Cow Hollow, voted against the two ballot proposals two weeks ago. His chief concern was the lack of documentation detailing the cost of creating a new public power system. "It was a blank check," he said. He also wanted more than a promise that rates would go down.
Supervisor Tony Hall, the West of Twin Peaks representative who opposed the ballot measures, agreed that with more hard facts his constituents might buy into public power if the findings tilted in favor of sound fiscal policy.
"People want to know how much this is going to cost," Hall said.
Ammiano, the author of Proposition F, said he expected the city to conduct feasibility studies that outline costs, generation capabilities, financing options and the benefits and disadvantages of various public power scenarios.
"While I believe we made a strong case for a municipal water and power agency, I think we can take the time between now and next November to provide further study on the issue, explain to voters exactly why public power will work in San Francisco and expand the coalition to include consumer interests, business owners and property owners backing the idea," Ammiano said.
Another factor, he said, is voter turnout.
"If we had 1 percent higher turnout we probably would have won," Ammiano said.
For example, several neighborhoods -- among them the Western Addition, Civic Center and the South of Market -- had turnout lower than the citywide average, which was just less than 30 percent.
Supervisor Chris Daly said the key to win was turning out liberal voters -- not putting efforts into wooing conservatives.
"I truly believe I don't have to change people's minds," said Daly, who favors local control of the electrical system. "I represent the majority opinion. But the majority doesn't necessarily come out to vote. That's what we have to work on."
PG&E CLEANING CONTAMINATED MARTINEZ SITE - TWO FAMILIES LIVING ADJACENT TO THE SITE HAVE FILED CLAIMS AGAINST THE UTILITY, BLAMING POLLUTION FOR ILLNESSES AND DEATHS
MARTINEZ -- PG&E crews have begun cleaning up the site of a former substation in Martinez, which had high levels of arsenic and lead in the soil.
Crews will begin cleaning up two adjacent properties after the Thanksgiving weekend.
The adjacent property owners and their families blame the contaminants for the illnesses and deaths of family members and filed a claim against Pacific Gas & Electric in bankruptcy court.
The substation cleanup should be completed by mid-December at a cost of $225,000, said PG&E spokesman Jason Alderman. Cleaning up Tom Billecci's and Vince Aiello's properties will cost about $64,000.
Once the substation site is free of contaminants, the utility will sell the property to a developer, who plans to build apartments.
The cost of the cleanup is significantly more than the utility will make selling the property, Alderman said.
"The reason it's expensive is that this is the gold standard of how an environmental cleanup should be done," he said.
The utility operated a substation at the site from 1910 to 1990. The Billecci and Aiello families have been in discussions with PG&E about the cleanup for a year. They claim that the contaminants contributed to family illness including cancer, asthma and skin disorders.
The utility will remove soil on both properties and test the ground to make sure it is free of high levels of lead and arsenic. Contra Costa Health Services Hazardous Materials Program will oversee the cleanup.
PG&E will clean the area around a shed on Billecci's property, something it had not planned to do before.
Billecci said he is pleased that PG&E agreed to increase the scope of the cleanup
Reliant to slash rates 17 % when deregulation begins
Residential customers who stick with Reliant Energy when electricity deregulation begins in January could see a drop in power rates of about 17 percent.
That's according to figures filed Friday by Reliant with the Texas Public Utility Commission.
Under the new so-called price-to-beat rate - which still needs PUC approval - someone using an average of 1,200 kilowatt-hours a month could save $257 over the course of a year, while someone using an average of 2,000 kilowatt-hours a month could save $426 annually.
The big drop is being propelled significantly by lower natural gas prices. Consumers saw two electricity increases in the latter half of 2000 and another this year because natural gas prices had climbed. This year's increase, though, was rescinded as gas prices came down.
The rate Reliant offers residential consumers and certain small businesses come Jan. 1 - when Texas opens its electricity market to competition - is known as the "price to beat." Larger consumers can negotiate contracts with providers.
The price to beat will serve as a benchmark for other competitors, which in turn are expected to offer lower rates.
Other incumbent electric companies, including Dallas-based TXU Energy, will charge their own price-to-beat rates in their service territories.
The PUC wants the price to beat low enough so consumers benefit from deregulation, but high enough so competitors can offer lower rates but make enough profit to stay in the market.
Consumer groups have said the PUC is paying too much attention to competitors' profits and not enough to ensuring consumers get the lowest prices.
To set the price to beat, the PUC uses complex formulas: Costs are sorted into several categories, including a "base rate," as well as costs tied to the price of natural gas, which affects the price of electricity.
Under the deregulation law, consumers automatically get a 6 percent cut in the base portion starting Jan. 1, which, depending on usage, can make up 60 percent of a consumer's costs.
The PUC and Reliant have been trying to agree on the so-called fuel-factor portion of the price to beat.
The figure Reliant filed Friday was to agreed to by the PUC staff and the company. The three-member commission still must give its approval, which it could do Tuesday or at a Dec. 3 meeting.
The current rate for a residential Reliant customer who uses 14,400 kilowatt-hours of electricity in a year - or an average of 1,200 a month - is 10.42 cents per kilowatt-hour.
Under the numbers Reliant filed Friday, the cost would be 8.64 cents per kilowatt-hour. That's a drop of 17 percent.
Those per kilowatt-hour figures are calculated to take into account that customers use more electricity in the summer when prices are higher. Reliant charges different rates for summer and non- summer months and will keep doing so after deregulation begins.
The per kilowatt-hour comparisons compiled for the PUC are annualized, average rates. All providers will break their electricity offers into similar rates so consumers will have an apples-to-apples way to compare them.
Reliant and other existing companies are prohibited from cutting the base-rate portion of the price to beat for three years or until they lose 40 percent of their customers. The price to beat can be adjusted twice a year for fuel costs.
Earlier this week, consumer groups said they were worried that an option being considered by the PUC, if adopted, could artificially raise the price to beat and cause residential consumers to pick up costs that should be borne by larger customers.
That option, which involves fuel costs that utilities are still owed, isn't included in Reliant's filing. A PUC spokesman said one commissioner simply wanted more information about the idea, and it's unknown whether the PUC will ever take an up-or-down vote.
Competitors of Reliant and other existing companies are obviously interested in what the price to beat will be.
In a filing Thursday with the PUC, the New Power Co., which is offering residential service in Houston and elsewhere, said the price to beat will ultimately determine if deregulation succeeds in Texas.
Because there was a sufficient difference between current prices and rates offered by competitors during a pilot test of deregulation, a relatively high number of consumers signed up for new providers during the program, New Power said.
"New Power is optimistic that the Texas market will support vigorous competition, but, like everyone else, we will have to wait and see how the future unfolds," it said. | {
"pile_set_name": "Enron Emails"
} |
First, let me thank all of you who have been drafted into the Enron
Communications Army. Communications is rapidly becoming a core business and
function of Enron and as ECI expands both domestically and internationally,
it will require a significant amount of the State Government Affairs group's
support. You all had high draft numbers because you have either expressed an
interest in working on telecom and e-commerce, and/or are in a strategic
position to assist ECI's efforts. My understanding from Rick is that you
will be out on point in your respective regions or in Aleck's case Country,
in identifying issues of interest for ECI, provide advocacy and
problem-solving for ECI's regional projects (i.e., fiber builds in the South
-- Mr. Robinson), manage regulatory/legislative efforts, and help increase
ECI's visibility with your local policymakers. That said, hopefully your
interest will stay high and positive and this won't seem like the real Army
-- the one with the drill sergeants and all.
Now that we have an informal "Team" in place (and will likely add a few more
folks) to actively monitor and participate in telecom, please feel free to
call/e-mail/visit with myself, one another, or any ECI person to discuss any
issue or answer any question. I know that many of us feel pretty overwhelmed
by these issues and I don't want anyone to be intimidated. We have fantastic
people here at ECI who can quickly bring you up to speed or provide feedback
on a variety of concerns. ECI is doing some revolutionary things and we will
become well-known very soon. You will get to be a part of that.
Please let me know what issues seem hot in your areas, what types of things
you feel you should know more about, and how much focus you believe you will
able to give telecom in addition to the workload you already have. There is
always something going on in this industry and we will need to balance
interests carefully. Sue Nord and I will be getting out issue books to the
whole State GA group here in the coming weeks. This should be a useful tool
to help you prioritize your workload. I will be sending on to you more clips
about ECI, our products, and internal info to give you a better feel for what
we are trying to accomplish. We may also start some conference calls (good
god not another one!) and expect to caucus when we meet at group functions.
Also, everyone should own a Newton's Telecom Dictionary, e-mail me if you
don't have one.
I am very excited to be working alongside all of you and hope we can keep an
interactive dialogue of our progress and deeds.
Best,
Scott | {
"pile_set_name": "Enron Emails"
} |
As I mentioned on the phone, SCE moved FERC (in the FERC docket investigating
the California market) for a subpoena to produce information from the ISO's
Market Surveillance Committee. In particular, SCE is requesting information
that the MSC referenced in its December 4, 2000 report to the FERC, wherein
it stated that "MSC stands ready to provide the Commission with what we
suspect are instances of the exercise of significant market power by specific
market participants. We encourage not only the Commission, but other law
enforcement agencies as well, to use their authority to request from these
market participants the necessary information to confirm whether these
suspicions about the exercise of significant market power are in fact
correct." The MSC also stated that it "could provide a number of instances
of what it suspects are suspicious bidding and scheduling behavior during the
summer and Autumn of 2000."
Here's an outline of the positions I think we should make in an answer:
The Commission should reject SoCal Edison's request for a subpoena because
FERC did not set its investigation for hearing. Therefore, SCE's request is
a collateral attack on the Commission's order establishing the process for
its investigation in this case. Further, it would allow Edison to access
this information to pursue its case against power marketers while denying
marketers an opportunity to prosecute their cases by denying them an equal
opportunity to serve discovery upon others (including the UDCs).
In the alternative, the Commission should allow all parties full discovery
rights and establish an appropriate protective order.
There may also be an argument that, since the MSC has delegated its authority
by FERC, some of the information Edison requested might fall under the
deliberative process privilege. Gary Fergus suggested this argument. Not
having done any legal research, I don't know how good of an argument it is.
Are there any other arguments we should make? Should we have a conference
call on this? Jim suggested that we should try to have WPTF file this answer
and I agreed. At first, I was thinking that it would be okay for Ron to
draft the answer for WPTF. However, on further consideration, if we end up
wanting to argue that another member of WPTF exercised market power,
Bracewell would have a conflict of interest that would prohibit it from
representing us. Accordingly, WPTF should use other counsel.
---------------------- Forwarded by Mary Hain/HOU/ECT on 12/12/2000 12:51 PM
---------------------------
Alan Comnes
12/12/2000 11:39 AM
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: Questions on Joskow/Kahn
Mary,
Let me know if you think we can really data request SCE on this. Here are
some questions that can surely be refined but give you an idea of the holes
in their study.
Appended to the comments of Southern California Edison Company ("SCE") is a
study prepared by Paul Joskow and Edward P. Kahn, "A Quantitative Analysis of
Pricing Behavior In California,s Wholesale Electricity Market During Summer
2000," Exhibit A (hereinafter referred to as "Joskow and Kahn Study"). With
respect to this study:
1) Please provide a complete set of workpapers. Please provide all models
used and input assumptions in machine-readable format along with any
additional narrative required to explain the results presented in the papers.
2) What is the estimated confidence interval (at 95%) of the competitive
benchmark prices (marginal costs) estimated in the study.
3) To the extent not provided in question 1 response, explain in detail
assumptions retarding including:
a) Unit ramp-rate constraints;
b) Start-up costs including start-up fuel;
c) Minimum-run time costs; and
d) Costs of running over noncontiguous awarded hours schedules.
4) Provide the precise allocation of hydroelectric generation in GWh
allocated to each load decile by month.
5) Provide the exact allocation of planned or maintenance in the study. Why
was not actual outage data used?
6) Provide all other information considered on the elasticity of imports used
in preparing the study other than the value chosen, which is derived
&loosely8 from BBW? In the opinion of the authors, what is the confidence
interval of the elasticity estimate chosen? Further, provide California
competitive benchmark prices (marginal costs) assuming an elasticity of net
imports of 0.175 and 0.66 (i.e., 1/2 and 2 times the value used in the
study). Present results in a format similar to Table 1. | {
"pile_set_name": "Enron Emails"
} |
print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/10/2000
08:57 AM ---------------------------
Jez Peters
10/08/2000 07:51 AM
To: Stuart Staley/LON/ECT@ECT, George McClellan/HOU/ECT@ECT, Mike
McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Peter
Bradley/LON/ECT@ECT, Samuel Grossman/LON/ECT@ECT, Pierre Aury/LON/ECT@ECT,
Chris Connelly/LON/ECT@ECT, Riaz Rizvi/LON/ECT@ECT, Manfred
Ungethum/LON/ECT@ECT, Sven Becker/FRA/ECT@ECT, John Moran/LON/ECT@ECT,
Cornelia Luptowitsch/LON/ECT@ECT, Scott Longmore/LON/ECT@ECT, Tiffany
Cochran/LON/ECT@ECT, Elizabeth McCarthy/LON/ECT@ECT, Tom Kearney/LON/ECT@ECT,
Stephen Pirozzi/LON/ECT@ECT, Dimitri Taylor/LON/ECT@ECT, Kenny
Nicoll/LON/ECT@ECT, Lisa Kent/LON/ECT@ECT, Candace Parker/LON/ECT@ECT, Shamim
Ali/LON/ECT@ECT, Harry Papadopoulos/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Kevin McGowan/Corp/Enron@ENRON, Tom Mcquade/HOU/ECT@ECT, Scott
Pack/NA/Enron@Enron, Dan Edwards/NA/Enron@ENRON, Paul Mead/LON/ECT@ECT,
Karolina Potter/LON/ECT@ECT, Meindert Witteveen/LON/ECT@ECT, Louis
Redshaw/LON/ECT@ECT, Niamh Clarke/LON/ECT@ECT
cc:
Subject: ARA Coal Mkt Summary
MKT SUMMARY
Despite the fact that we have seen some cargoes offered for resale in ARA mkt
for nearby delivery thru to Q1 this week the tone of the mkt
remains very firm. EDFT, seemingly still unsure of it's burn schedule one
week to the next had a spot cape to find a home for if he could replace
with tonnage from either ourselves or the mkt for December delivery. We
offered equivalent of $39 cif ARA but they chose to take her themselves
and two port her into Le Havre and Montoir which shud highlight the inability
to extract from the mkt anything better than $40.50-$41 cif for delivery
December period. Indeed, due to rescheduling Anker Coal were offering some
South African material into ARA for Nov shipment which we
showed some interest in but they claim to have unloaded it at $40.75 on a cif
basis. Thus the direction and structure of the ARA mkt continues
to reflect what we are seeing in both the FOB origin and frt mkts - there is
no incremental tonnage available out of Australia for Europe as producers
look to take advantage of a soaring Pacific prices. Many were already well
sold as the mkt really took off and hence are actively trying to fulfill old
European contracts from elsewhere in order to free up some bullets. Certain
South African producers claim to be sold out until the New Year and
Drummond continues to struggle with getting their shipment schedule back on
track stating that it won't be until May next year that they are fully
back on track again. While there is not a huge amount of open demand thru to
the end of the year anyone who finds themselves entering the
spot mkt from here on in will have to dig deep into their wallets. Q1 01
still proves to be a very interesting period where on the supply side
we will still be experiencing all of the above mkt factors but where there is
also still a substantial amount of open demand to be satisfied. Still
could see some fireworks and a steeper inverse than what we see today with Q1
01 at $41.50 fob and Jan/Dec 01 at $41.25 - watch this space.
SPOT TRADES
While we have worked towards procuring some spot tonnage thru various
channels it has been a week without any spot business. As per
above the mkt is fairly well covered for nearby tonnage and sentiment of the
buyers is to remain very hand to mouth for final requirements
rather than pay these high prices in advance. We are also not too aggressive
at mkting what material we have unsold in stock or arriving
later in the year as we are confident that the mkt will give us handsome
returns as we move further into the winter months and those spot
buyers are eventually forced to the table.
SELLING SIDE
Mission still have not covered their December requirements. Our offer of 1.46
GBP per GJ delivered Ferrybridge and 1.28 GBP FOR
Hunterston were only valid until Friday but they claim to hold on offer of
1.30 delivered Ferrybridge for Polish material. We said that
he shud be filling his face at that level and if we could have some aswell
that wud be very kind. The sage continues!
We have agreed in principle to a five year supply agreement with Stadtwerke
Bremen for between 850mmt - 1mil tonnes per year
starting Jan 01. Prices will be linked to the BAW Index.
HEW/VW combined are tendering for 270,000mt for Q2 shipment into Hamburg. We
have offered $42.50 cif.
Electrabel looking for 50mmt each month 2001.
EDFT continue to look for some cover for Q1 01.
Veag - 300mmt cif Rostock for Nov00/Jun 01
Endesa - 4 capes for 2001.
H del C was interested in spot cargo we were looking at and still working
various possibilities of swapping material for 2001.
While we hoped Coe Clerici may be suitable counterparty to sell us Russian
coal going forward they are looking for us to sell them
some sort of structure which will limit their Russian short going forward!
Fenosa - 250mmt of Low Vol U.S material for 2001 but so far unable to get an
offer basis this material.
Innogy looking for upto 1mil tonnes for delivery throughout 2001
Bewag still have tender out for 500mmt for next year where we are looking to
put a proposal to them basis Polish material.
BUYING SIDE
Continue to work Emerald for material out of the U.S. - hopefully persistence
will pay and we may close something this week for 2001
shipments.
Bot a further cargo from Masefield for Q1 shipment FOB Santa Marta at $32
basis 11800btu/lb
Ensham had a lower quality coal (cape quantity) on offer at $25.30 fob Oz but
unfortunately the specs make it a much more difficult prospect
to find a home for.
Possibility of buying some bits and pieces ex Maputo for Q1 which would
equate to somewhere in the region $41 cif ara. Would be good
to test viability of shipping thru this port.
In tandem with 5 year agreement to supply Bremen with coal we have agreed a
five year Agency Agreement with German counterparty
whereby he will procure Polish coal for Enron for shipment against our Bremen
obligations.
NCSC - looking at feasibility of swapping or buying outright South African
material for 2001.
EOL
What started as a fairly quiet week ended as our best and most exciting week
yet. Between Thursday and Friday we did 16 trades via
EOL equating to just over 300,000mt. Glencore was the main sponsor of the
action on Friday, intent on driving prices higher they were
a net buyer on the day and are no doubt testing our ability to act as a
physical market maker and hence deliver against our commitments
with no coal assets as a backstop! Life to date we have traded 950,000mt on
EOL so hopefully all going well we shud surpass the 1mil
mark this week.
We shud be in a posn where we can roll out our options against the SECA at
Coaltrans in two weeks time.
GAMEPLAN
Running the risk of sounding repetitive our focus must remain on securing
tonnage to play with for next year. To date our Drummond long has
been the only real ammunition we have and there is little security of supply
out of Puerto Drummond for the first 6 months of next year. With the
demand that we have on the table today we could turn our 1 mill long into a
short with no problem at all. While there will always be a level
where one is happy to short a market I wud feel very uncomfortable doing so
at the traded levels for 01 today despite the absolute levels
being the upper end of the historic range. We still have a little way to go
to actually signing contracts which secures us the 5 year deal
with stadtwerke Bremen but on the assumption we do we must start looking at
our supply strategy for the first 6 months of next year where
it looks to be most challenging. The business we will be fantastic for
creating flows into Germany and ARA and with the guarantee that we
can supply 10% of the total volume as Petcoke it will certainly act as the
springboard for launching us into this tightly controlled mktplace.
Best Regards
Jez | {
"pile_set_name": "Enron Emails"
} |
I particularly like the grand prize winner.
Enron Capital & Trade Resources Corp.
From: Taylor Timothy G CHPPM <[email protected]>
07/26/99 07:06 AM
To: "'Donnelly, Colleen'" <[email protected]>, "'Ludwig, Dad'"
<[email protected]>, "'Payton, David'" <[email protected]>, "'Taylor,
Eleanor'" <[email protected]>, Mark - ECT Legal Taylor/HOU/ECT
cc:
Subject: FW: Wonderful Theories
-----Original Message-----
From: William S Cochrane [mailto:[email protected]]
Sent: Friday, July 23, 1999 10:38 AM
To: [email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]
Subject: Wonderful Theories
The grand prize is just crazy enough to work...
A contest was held for people to submit their theories on ANY subject.
Below are the winners:
4th RUNNER-UP (Subject: Probability Theory). If an infinite number of
rednecks riding in an infinite number of pickup trucks fire an infinite
number of shotgun rounds at an infinite number of highway signs, they
will eventually produce all the world's great literary works in Braille.
3rd RUNNER-UP (Subject: Bio-Mechanics). Why Yawning Is Contagious: You
yawn to equalize the pressure on your eardrums. This pressure change
outside your eardrums unbalances other people's ear pressures, so they
then yawn to even it out.
2nd RUNNER-UP (Subject: Symbolic Logic). Communist China Is
Technologically underdeveloped because they have no alphabet and
therefore cannot use acronyms to communicate technical ideas at a faster
rate.
1st RUNNER-UP (Subject: Newtonian Mechanics). The earth may spin
faster on its axis due to deforestation. Just as a figure skater's rate
of spin increases when the arms are brought in close to the body, the
cutting of tall trees may cause our planet to spin dangerously fast.
HONORABLE MENTION (Subject: Linguistics). The quantity of consonants
in the English language is constant. If omitted in one place, they turn
up in another. When a Bostonian "pahks his cah," the lost R's migrate
southwest, causing a Texan to "warsh" his car and invest in "erl" wells.
GRAND PRIZE WINNER (Subject: Perpetual Motion). When a cat is dropped,
it always lands on its feet, and when toast is dropped, it always lands
buttered side down. It was proposed to strap giant slabs of hot
buttered toast to the backs of a hundred tethered cats; the two opposing
forces will cause the cats to hover, spinning inches above the ground.
Using the giant buttered toast/cat array, a high-speed monorail could
easily link New York with Chicago.
________________________________________________________________
Get free e-mail you don't need Web access to use --
Or get full, reliable Internet access from Juno Web!
Download your free software today: http://dl.www.juno.com/dynoget/tagh. | {
"pile_set_name": "Enron Emails"
} |
Good day Eric!
Already submitted your information before the posting even went out.
Will advise if there is an interest to interview.
Rose | {
"pile_set_name": "Enron Emails"
} |
Please deliver my copies to the office.
Enron Capital Management
From: Doug McDowell 10/22/99 04:52 PM
Sent by: Dolores Escamilla
To: AnnMarie Tiller/Corp/Enron@ENRON, Bob Butts/GPGFIN/Enron@ENRON, Stanley
Farmer/AA/Corp/Enron@Enron, Herman Manis/AA/Corp/Enron@Enron, Mark
Taylor/HOU/ECT@ECT, Rex Rogers/Corp/Enron@Enron, Clement
Abrams/Corp/Enron@ENRON, Brent Vasconcellos/Corp/Enron@ENRON, Mark E
Lindsey/GPGFIN/Enron@Enron, [email protected]
cc:
Subject: Delivery of Yosemite Documents
Please advise where you would like to have these documents sent to your
office of your home address. Please e-mail me with your address so that I
can have them delivered Sunday.
Thank you,
Dolores
x3-0515 | {
"pile_set_name": "Enron Emails"
} |
Kari, all sounds good. the 8th works for me, but the 29th does not. is
alice registered anywhere?
p
-----Original Message-----
From: Kari Ontko [mailto:[email protected]]
Sent: Wednesday, July 25, 2001 1:08 PM
To: carl hedleston; pat scatena; jeff dasovich; jeff walker; laura
newman; lori hom; luis pine; madeleine todd; nora mcgee
Subject: Wedding Shower for Alice and Jeff
Hello, Pat and I were thinking it would be nice to have a wedding shower
bbq for Alice and Jeff. I talked to Alice and Saturday, September 8th
woul be the best date. The 29th is a backup date. How does the 8th work
for you all.
I thought maybe we could the normal bbq and have a cake. Maybe for
the gift we could all put in money and buy something substanial. What
are your thoughts? kari | {
"pile_set_name": "Enron Emails"
} |
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AMCC First to Enable the Next Generation Multi-Carrier, Transparent
Network Architecture With Introduction of 10 Gbps Digital Wrapper and FEC
Device=AMCC's Hudson is the Industry's First Device to Meet the Rapidly
Growing
Demand for 10 Gbps Digital Wrapper Solutions From the Man, Transport and WDM
Sectors
SAN DIEGO, Dec 11, 2000 (BUSINESS WIRE) -- Applied Micro Circuits Corp. (AMCC)
(Nasdaq:AMCC), a leader in high-bandwidth silicon connectivity solutions for
the
world's optical networks, today announced the Hudson (S19203), the industry's
first 10 Gbps silicon device architected to support both the evolving G.709
digital wrapper standard and traditional SONET/SDH infrastructures.
The Hudson variable rate, digital wrapper framer/deframer and performance
monitor device facilitates the transparent transport of multiple protocols
across the network, while aiding interconnection between multiple carriers.
Hudson incorporates programmable Forward Error Correction (FEC) for rates up
to
10.66 Gbps and supports OC-192 transmission standards. The digital wrapper
technology provides an extension of the current SONET/SDH infrastructure,
while
enhancing both flexibility and transparency across the network. The Hudson
easily interfaces with AMCC's 10 Gbps mux/demux devices, SONET/SDH/digital
wrapper backplane devices and AMCC's mapping and pointer processing devices.
"The digital wrapper is the next important step for large optical networks as
it
incorporates the best features of SONET/SDH while removing some of the rigid
overhead structure that makes SONET/SDH sub-optimal for an IP-centric,
intelligent optical network," said Brent Little, vice president of marketing
for
AMCC. "By using key devices such as Hudson, OEMs will now be able to create
more
efficient and interoperable systems without starting from scratch."
AMCC's digital wrapper design has already been adopted by most of the major
wide
area networking (WAN) equipment manufacturers. The demand for digital wrapper
products stems from the need in the WAN to transparently transport multiple
protocols at 10 Gbps, coupled with the need to efficiently provision bandwidth
across today's multiple-carrier network.
"The Hudson is built for the next-generation multi-carrier transport network
architecture and ushers in an efficient and cost-effective means of
transporting
traffic while extending existing SONET infrastructures," said Ken Prentiss,
AMCC's director of marketing for telecom products. "We are seeing
unprecedented
demand for Hudson across a large customer base due mainly to the device's
flexible architecture; customers can wrap, unwrap or monitor traditional
SONET/SDH traffic, or wrap and unwrap IP or any other traffic using a single
device."
The digital wrapper concept involves grouping together a number of existing
frames into "super-frames," which can then be more efficiently managed with a
relatively small allocation of overhead-per-byte of data. By aggregating
together the provisions for "framing bits" that are already defined for use by
existing time-division multiplexed (TDM) structures, the super-frame concept
allows for the implementation of an intelligent operation, administration and
maintenance (OAM) capability without materially expanding the amount of data
currently being transmitted. This creative use of available control bits also
allows FEC functions to be very efficiently incorporated within the digital
wrapper definition without a significant net increase in overall bandwidth
usage.
The Hudson's core logic runs on a 1.8V power supply and features two input and
two output ports, which are configurable in many ways. Figure 1 shows a
typical
network application supporting a single data stream with dual redundant input
and output lines. The input and output ports can be configured as a dual
redundant I/O on a single data stream for protection switching or as two
completely independent data streams for duplex operation. Either input port
can
be directly connected to either output port for loopback testing.
The Hudson provides full digital wrapper performance monitoring and features
Optical Channel Overhead (OCh-OH) insertion and extraction, which are
independently controllable. All 64 OCh-OH bytes in a superframe are
programmable
in function and are available for insertion from and drop to FPGA or
microprocessor. Data entering and leaving the Hudson device can be optionally
differentially decoded and encoded, deframed and framed, descrambled and
scrambled, and decoded and encoded with FEC information. In addition, SONET
data
can optionally be performance monitored for integrity, alarms, and trace
messages.
Pricing and Availability
The Hudson (S19203), packaged in a 624-pin CBGA, will be sampling to
development
partners in December with volume production commencing in Q2 2001. AMCC
solution
set pricing can be obtained from the company by calling 800/755-AMCC
(800/755-2622).
About AMCC
AMCC designs, develops, manufactures, and markets high-performance,
high-bandwidth silicon solutions for the world's optical networks. AMCC
utilizes
a combination of high-frequency analog, mixed-signal and digital design
expertise coupled with system-level knowledge and multiple silicon process
technologies to offer integrated circuit products that enable the transport of
voice and data over fiber optic networks. The company's system solution
portfolio includes PMD, PHY, framer/mapper, network processor, traffic
management and switch fabric devices that address the high-performance needs
of
the evolving intelligent optical network. AMCC's corporate headquarters and
wafer fabrication facilities are located in San Diego. Sales and engineering
offices are located throughout the world.
AMCC Forward Looking Statements
The statements contained in this press release that are not purely historical
are forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such forward-looking statements including statements relating to new products
derived from the relationship are subject to a number of risks and
uncertainties, including the risk that such products would not be successfully
developed or achieve market acceptance, as well as the other risks and
uncertainties set forth in the "Factors That May Affect Future Results"
detailed
in the company's Annual Report on Form 10-K for the year ended March 31, 2000,
and in other filings of the company and MMC Networks with the Securities and
Exchange Commission. As a result of these risks and uncertainties, actual
results may differ materially from these forward-looking statements. The
forward-looking statements contained in this news release are made as of the
date hereof and AMCC does not assume any obligation to update the reasons why
actual results could differ materially from those projected in the
forward-looking statements.
Product photos, datasheets and application notes are available upon request.
AMCC is a registered trademark of Applied Micro Circuits Corp.
Note: A Photo is available at URL:
http://www.businesswire.com/cgi-bin/photo.cgi?pw.121100/bb8
CONTACT: Applied Micro Circuits Corp., San Diego
Bill Berridge, 858/535-4260
[email protected]
or
Mary Pund, 858/535-6523
[email protected]
or
The Ardell Group
Karina Wollesen, 650/569-3806
[email protected]
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2000 Business Wire. All rights reserved.
-0-
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
HARDWARE
NETWORKING
SOFTWARE
TELECOMMUNICATIONS
PHOTO
PHOTOWIRE
PHOTO:
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****************************************************************** | {
"pile_set_name": "Enron Emails"
} |
Mark,
I have an inquiry from a publishing house who are preparing a book on the
world power markets.
They wanted us to sponsor it (at the cost of 19,000 pounds) but the reaction
from our power desks
was lukewarm.
They are offering us an opportunity to advertise in this publocatio.
I am attaching the message with the terms.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/21/2000
12:28 PM ---------------------------
"Isherwood Production" <[email protected]> on 01/21/2000 06:40:08 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: RE: WorldPower
Dear Mr, Kaminski,
I have two advertising positions to offer you as follows:
1. Outside Back Cover (plus 200 personalised books) o6,950.00
2. Inside Front Cover Spread (plus 200 personalised books) o7,950.00
Please let me know which (if any) options you prefer.
Kind regards,
Anna Liza
Sales Director
*********************************
WorldPower
Suite 16, Imperial Studios
London, SW6 2AG
United Kingdom
[email protected]
www.commodities-now.com
Tel: + 44 (0) 171 736 0774
Fax: + 44 (0) 171 736 1196
- att1.htm | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Mary Hain/HOU/ECT on 12/11/2000 01:05 PM
---------------------------
Mary Hain
12/11/2000 11:19 AM
To: Christi Nicolay, James D Steffes/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT,
Christopher F Calger/PDX/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Joe
Hartsoe@Enron, Susan J Mara/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON,
Donna Fulton, Christian Yoder/HOU/ECT@ECT, [email protected], Richard
Sanders, Jeff Dasovich/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, James E
Keller/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron,
Dennis Benevides, Neil Bresnan/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, Dave
Parquet
cc:
Subject: FERC request for gas prices
Bill Howard from FERC just called me. The Chairman of FERC is asking for the
following information by the end of the day today:
How much gas did we buy today by basin either: as of the beginning of the day
or as of midnight?
How much of the gas went into California?
What was the average price or the high and low price?
I asked him to if FERC wa asking other market participants. He said more and
more every day and they would continue this until prices started going down.
I asked him if the Commission intended to keep this information
confidential. He said he didn't know. Christi - could you work with Phillip
on this? Bill's number is (202) 208-1268. | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Timothy Blanchard/HOU/EES on 11/14/2001 04:06 PM ---------------------------
From: Randy Bhatia/ENRON@enronXgate on 11/14/2001 02:53 PM
To: David Marye/ENRON@enronXgate, Sarah Driscoll/ENRON@enronxgate, Ryan O'Rourke/ENRON@enronXgate, Lindsay Renaud/ENRON@enronXgate, Carole Frank/ENRON@enronXgate, Micah Hatten/ENRON@enronxgate, Timothy Blanchard/HOU/EES@EES, Christy Wussow/ENRON@enronXgate, Darian Hawkins/ENRON@enronXgate, Charlotte Kraham/HOU/EES@EES
cc:
Subject: FW: Highlights from ENE Analyst Conference Call 11/14
fyi, from todays call.
-----Original Message-----
From: Tucker, Patrick
Sent: Wednesday, November 14, 2001 11:44 AM
To: Pollan, Sylvia S.; Culotta, Lindsay; Murrell, Russell E; Plachy, Denver; Cuilla, Martin; Storey, Geoff; Yawapongsiri, Virawan; Mahmassani, Souad; Donohoe, Tom; Ruscitti, Kevin; Shively, Hunter S.; Lewis, Andrew H.; Giron, Darron C.; Frihart, Bryant; Roberts, Linda; Luce, Laura; Hogan, Irena D.; Vickers, Frank; Williams, Jason (Trading); Mims, Patrice L.; Simpson, James; Hodge, John; Keavey, Peter F.; Mckay, Brad; Mckay, Jonathan; Pereira, Susan W.; Pimenov, Vladi; Ring, Andrea; Savvas, Leonidas; Townsend, Judy; Versen, Victoria; Barbe, Robin; Concannon, Ruth; Goodell, Scott; Jones, David; Kaiser, Jared; Loving, Scott; Bates, Kimberly; Muhl, Gil; Smith, Maureen; Smith, Shauywn; Taylor, Craig; Willis, Jim; Tucker, Patrick; McCaffrey, Deirdre; Penman, Gregg; Kinsey, Lisa; Brady, Kevin; Pendergrass, Cora
Subject: Highlights from ENE Analyst Conference Call 11/14
Here are my notes from today's call. As with Monday, I've focused on getting them out as quickly as possible rather than taking extra time to re-organize them by subject.
? Enron's business has been grouped into three buckets: Core, Non-core, and Under Review.
? Core: Wholesale energy business in North America and Europe, retail energy, pipelines
? Non-core: Broadband, water, and international assets (i.e. EGAS). Enron has approx. $8Bn in investments in these assets, and they have produced 'dismal' returns. Enron will be exiting these businesses and will attempt to wind them up in an orderly fashion. An aggressive divestiture program has been set in motion for these assets.
? Under Review: EGM, EIM. These businesses are being closely examined to determine whether they have a reasonable chance of long-term viability. Required resource levels are being carefully studied. Following review, Enron will move the different portions of these businesses to core or non-core as the analysis dictates.
? Approximately $800MM of asset sales are under contract and expected to close in the fourth quarter. These include a gas LDC in Brazil, EcoElectrica, and our Indian E&P assets.
? Enron is in active pursuit of an additional private equity infusion of $500MM-1Bn. Given the current environment, raising equity in the public markets would be 'inefficient', McMahon says.
? Short-term liquidity is provided by the $3Bn of credit drawn upon a few weeks ago, the $1Bn of new debt, and the $1.5Bn equity infusion from Dynegy. Longer-term, the proceeds from the sale of PGE will provide liquidity. Asset sales over the next year will be used to pay down debt.
? McMahon described the major off-balance-sheet vehicles:
? Marlin was set up to hold Azurix assets. It was initially capitalized with $950MM of 144a debt and $125MM of equity (raised from Enron and institutional investors). The debt is supported by the equity and by Azurix' assets. Enron is obligated to cover any deficit at the time the debt becomes due on 3/17/03 (the 'Enron topup' obligation). The 3/17/03 date is accelerated in the event that Enron is rated below-investment-grade by any one of the three major agencies. The primary asset of Marlin is Wessex Water. As long as Wessex is worth at least $2.6Bn, there will be no Enron topup required. If we take a 25% haircut to present book value, Enron will have to provide $650MM in consideration upon retirement of the debt. This $650MM would hit Enron cash, income, and equity balances.
? Osprey contains energy-related assets and 'other assets'. It was initially capitalized with $2.4Bn of 144a debt and $220MM in equity (ENE and institutionals). As with Marlin, the entity is an asset-backed structure with an Enron topup guarantee. The debt is supported by a) the assets; b) $1Bn of convertible preferred ENE (convertible into 50MM shares of ENE common); and c) additional ENE common as needed for topup. Assuming the same 25% hypothetical haircut to current book value, Enron would have to deliver approx. $600MM of topup funds--which would hit ENE cash, income, and equity. The debt must be retired by 9/17/02, with the same cut-to-junk early trigger provision as Marlin.
? Yosemite and the Credit-Linked Notes are predominantly commodity transactions entered into with 'large financial institutions'. The underlying transactions are already on Enron's balance sheet. McMahon says that there is no Enron share obligation related to these instruments.
? Dynegy has reviewed all of these vehicles, McMahon says.
? Our 10Q will be filed five days late. The 10Q will include all of this detail regarding the off-balance-sheet vehicles.
? The special committee investigation is still ongoing. The committee meets 2-3 times/week, sometimes more often. The outside auditors (D&T) and external counsel hired by the committee are working 'virtually 7 days a week'. Lay estimates that it will take the committee several more weeks to complete its investigation.
? McMahon says it's 'way too early to tell' if any asset writedowns are called for. That analysis is underway, but it will not be complete for some time.
? Osprey contains the European power projects (Trakya and Saarlux), some North American merchant investments, and some Brazilian assets.
? Under the merger agreement, Enron cannot dispose of assets representing more than 15% of the balance sheet without Dynegy approval. However, an appendix to the agreement holds a list of assets that are specifically permitted to be sold without Dynegy approval.
? Broadband is expected to be fully wound up 'sometime over the course of the next year'. (Did not catch this part clearly).
? The ENE topup obligation for Marlin (represented by ENE common that would have to be delivered) will be converted into an obligation for an equivalent amount of DYN shares upon closing.
? $1.9Bn of debt is carried at the Azurix level.
? Current book value of the Osprey assets is $2.1Bn.
? No Dynegy outs other than the previously discussed general MAC clause and the $3.5Bn legal liability clause.
? Yosemite and the Credit-Linked notes are functionally equivalent to ENE senior unsecured debt (this section somewhat unclear). The underlying transactions represented volumes of 'crude oil and gas'. The transactions relate to the 'physical movement' of these commodities. The swaps related to Yosemite and the CLNs would be financially settled.
? Whalley was asked about the return of trading business to normal volumes. He said that he cannot yet give an update on the progress of customers returning to our longer-term products. Acknowledges that a few anxious customers put long-term deals on hold last week. Says that our first focus is on getting our short-term business back up to normal levels. It will be 'a couple of weeks' before we're able to give an update on the comfort levels of our customers regarding long-term deals with us.
? McMahon: There hasn't been a major relaxation of credit requirements by our customers--credit requirements continue to follow strict contractual provisions as called for in our individual agreements with our various customers. But 'we have seen a return of some of the transactions, some of the flows.'
? Whalley says that we're hoping to see a return to more normal trading levels late this week or early next week.
? Lay says that cost cuts will be made across of all of our businesses. The situation gives us an opportunity to review our entire cost structure, he says. The cuts will certainly be deeper in our non-core businesses. Whalley then quickly interjects (some might say interrrupts) with a clarification that there are no plans to reduce the size of our North American energy trading business. We will be looking at, perhaps, streamlining some of our processes and making prudent adjustments, but there are no plans to reduce the size of the business.
? McMahon: "The company is overlevered; that's a fact."--hence our pursuit of additional equity.
? McMahon mentions that business was better at the start of this week than at the end of last week.
? ENE had approx. $1Bn in cash as of 9/30, which McMahon points out would be unusual for us.
As before, give me a call at 3-3055 if you'd like more color.
Patrick Tucker | {
"pile_set_name": "Enron Emails"
} |
sorry for the late response. I reviewed and noted no issues. I did forward to the technician for this area and was awaiting his feedback so that is the reason for the late response to you. We are good to go with this in the field. Thanks
---------------------- Forwarded by David Roensch/ET&S/Enron on 01/23/2002 03:50 AM ---------------------------
From: Kimberly Watson/ENRON@enronXgate on 01/17/2002 05:07 PM CST
To: Ronald Matthews/ENRON@enronXgate, Mansoor Abdmoulaie/ENRON@enronXgate, Teb Lokey/ENRON@enronXgate, Robert Kilmer/ENRON@enronXgate, David Roensch/ET&S/Enron@ENRON, Darrell Schoolcraft/ENRON@enronXgate, Bill Rapp/ENRON@enronxgate, Robert Guthrie/ENRON@enronXgate
cc:
Subject: Interconnect Agreement - Questar Southern Trails
All,
Please review the attached interconnect agreement between Transwestern and Questar. It is fully reimbursable by Questar. This interconnect will be a delivery point to Questar in the Blanco Hub. FYI, the section of pipe that we are connecting the interconnect to is owned by Transwestern and is not part of the jointly owned facilities of the Blanco Hub. If you have any questions, please feel free to call me to discuss.
Please reply back to me with any comments you may have. I would like to send a draft to Questar on Tuesday morning, January 22, when we return from our holiday.
Bill and Robert - please see the red-lined language addressing the tax reimbursement.
Thanks for your time,
Kim. X33098 | {
"pile_set_name": "Enron Emails"
} |
Hey Mom,
The trip was fun but I lost $650. It wasn't good for the wallet. Vegas is a
fun weekend trip but I can't imagine staying longer than that.
How was your weekend?
-e
"K. Bass" <[email protected]> on 02/20/2001 08:41:20 AM
Please respond to "K. Bass" <[email protected]>
To: Eric Bass <[email protected]>
cc:
Subject: Hi
Hi Eric,
?
How was your trip?? Did you have a good time and did you bring any money
home with you??
?
Have a good day.? LU-M | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Steven J Kean/NA/Enron on 01/18/2001 12:39 PM -----
Stephen Dowd@ENRON COMMUNICATIONS
01/16/2001 12:12 PM
To: Steven J Kean/NA/Enron@ENRON, Edward Ondarza/Enron Communications@Enron
Communications, Stewart Seeligson/Enron Communications@Enron Communications
cc:
Subject: Turner/CNN
Gentlemen
I just got off the phone with David Stark who wanted to better understand the
thinking behind Enron's preference for a smaller marketing deal rather than
the full sponsorship that Uva and Stark pitched last week. I reiterated to
him that we would not normally entertain such a large deal without a
significant commercial transaction (or series of transactions) and that the
size of the opportunity set currently in front of us only justified
discussing the smaller marketing deal as indicated in Steve's email. Stark
pressed to know what value we wanted to see in the set of AOL/TWX/Turner/CNN
deals that are underway currently. He was clear in stating that if we had a
number in mind, he could push other parts of the organization to direct
business our way sufficient to meet our needs to justify a larger
sponsorship. I declined to give him a value, but I think we should discuss
this in some detail.
I'll get in touch to set something up.
Stephen Dowd
Enron Broadband Services
(713)345-7219 - Office
(713)858-8867 - Mobile | {
"pile_set_name": "Enron Emails"
} |
'Twas?a morning during the holidays and all over town,
The screens were still blank, the PC's shut down.
Other investors were all snuggled deep in their beds,
While visions of stock quotes danced in their heads.
My wife and I, without making a peep,
Had just awakened from a decent night's sleep.
When from my computer there came such a clatter,
I jumped from my bed to see what was the matter.
When what on the color screen did I view,
But my Streamerc?service with 10 quotes that were new,
Seeing all the new changes, I knew in a flash
That I should buy and sell now to manage my cash.
With a passioned frenzy I began to trade,
Anticipating the outcome of the decisions I'd made.
As quick as a flash, my results came into view
Because of the speedy routing that Datek can do.
Then with a twinkle I saw all I'd done,
I updated my portfolio in less than 60 seconds.
I sighed contentedly and stood up with a smile
And realized all I'd done in such a short while.
I slipped back into bed with only one thing to say.
Happy trading to all, and to all a good holiday!
You were emailed because you are a valued Datek Online customer
or a current user of Datek Online's Streamer. If you would like
to be removed from our list, please go to:
http://datek1.m0.net/m/u/dtk/d.asp?e=Gerald.Nemec%40enron.com
Extended-Hours Trading applies between 8:00 AM and 8:00 PM ET.
Extended-Hours Trading applies to Nasdaq limit orders only. Most
Extended-Hours orders are represented on the Island c? ECN, an
affiliated broker/dealer.
System response and access times may vary due to market conditions,
system performance and other factors.
, 2000 Datek Online Brokerage Services LLC, member NASD/SIPC
CC-D73 | {
"pile_set_name": "Enron Emails"
} |
These may be what you are looking for.
----- Forwarded by Brent Hendry/NA/Enron on 03/13/2001 08:52 AM -----
Melba Lozano@ECT
11/30/2000 04:38 PM
To: Brent Hendry/NA/Enron@Enron
cc:
Subject: GTC Requested
Brent,
Attached are the GTC's you requested.
Weather
PJM Demand
Please let me know if you need anything else.
Thank you,
Melba | {
"pile_set_name": "Enron Emails"
} |
Dear E-Savers Subscriber,
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FROM: TO: ROUNDTRIP FARE:
-------------------------------------------------------------------
Baltimore, MD Boston, MA $119
Baltimore, MD Denver, CO $179 (C)
Baltimore, MD Greensboro, NC $119 (#1)
Baltimore, MD New York LaGuardia, NY $109 (*)(#2)
Philadelphia, PA Birmingham, AL $119 (*)(#4)
Philadelphia, PA Buffalo, NY $109
Philadelphia, PA Charleston, WV $99 (#6)
Philadelphia, PA Denver, CO $199
Philadelphia, PA Jacksonville, FL $139
Philadelphia, PA Los Angeles, CA $229
Philadelphia, PA Minneapolis/St. Paul, MN $139
Philadelphia, PA Portland, ME $119
Philadelphia, PA Providence, RI $109
Philadelphia, PA St. Louis, MO $139
Philadelphia, PA Syracuse, NY $109 (*)
Roundtrip purchase required. Fares shown do not reflect the $10 online discount.
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carriers:
1. Allegheny
2. Allegheny/Piedmont
3. Chautauqua
4. Mesa
5. Mesa/CCAIR
6. Mesa/Piedmont
7. Piedmont
8. PSA
9. PSA/Trans States
Fares shown are based on roundtrip Coach travel on US Airways/US Airways Express, during the period specified above. Depending upon your travel needs, alternative routings may be available at the same fares, with part of the service on regional aircraft operated by US Airways Express carriers Allegheny, Air Midwest, CCAIR, Chautauqua, Colgan, Mesa, Piedmont, PSA, Shuttle America or Trans States.
For travel this weekend, call 1-888-FLY-E-SAVERS and request one of the E-Savers listed above. Or, to make your reservations online and save $10, please visit us at http://www.usairways.com/esavers/offer_feb9.htm
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LAST-MINUTE WEEKEND RATES FROM WESTIN HOTELS & RESORTS,
SHERATON HOTELS & RESORTS, FOUR POINTS BY SHERATON, ST. REGIS,
THE LUXURY COLLECTION, AND W HOTELS
SAVE 35% OFF YOUR HOTEL STAY THIS WEEKEND!
Here are just a few examples of last minute weekend rates available online.
Visit http://promo.starwood.com/csus for a complete list of hotels and to book these Last-Minute Weekend Rates:
City Hotel Rate
Atlanta, GA
Atlanta Sheraton Suites Galleria-Atlanta $77.00
Baltimore, MD
Baltimore Sheraton International Hotel BWI Airport $119.00
Boston, MA
Danvers Sheraton Ferncroft Resort $89.00
Framingham Sheraton Framingham Hotel $84.00
Needham Sheraton Needham Hotel $84.00
Newton Sheraton Newton Hotel $89.00
Wakefield Sheraton Colonial Hotel Golf Clb Bstn North $70.00
Waltham The Westin Waltham-Boston $90.00
Buffalo, NY
Niagara Falls Four Points by Sheraton Niagara Falls $58.00
Rochester Four Points by Sheraton Rochester Riverside $67.00
Chicago O'Hare, IL
Arlington Hght Sheraton Chicago Northwest $59.00
Chicago The Westin Michigan Avenue Chicago $136.00
Chicago The Westin Chicago River North $149.00
Chicago Four Points by Sheraton Chicago Midwy Arpt $87.00
Chicago W Chicago Lakeshore $155.00
Chicago W Chicago City Center $139.00
Cincinnati, OH
Cincinnati The Westin Cincinnati $90.00
Cleveland, OH
Independence Four Points by Sheraton Cleveland South $52.00
Wickliffe Four Points by Sheraton Cleveland East $64.00
Dallas/Ft. Worth, TX
Dallas The Westin Galleria Dallas $110.00
Fort Worth The Westin Beechwood Ft. Worth $64.00
Denver, CO
Denver The Westin Tabor Center $103.00
Lakewood Sheraton Denver West Hotel $65.00
Houston, TX
Houston The Westin Oaks $71.00
Kansas City, MO
Kansas City Four Points by Sheraton Ksas Cty Cty Clb Pl $59.00
Los Angeles, CA
Los Angeles Sheraton Gateway Hotel Los Angeles Airport $77.00
Los Angeles The Westin Bonaventure Hotel and Suites $79.00
Los Angeles The Century Plaza Hotel and Spa $129.00
Los Angeles W Los Angeles Westwood $249.00
Louisville, KY
Louisville Four Points by Sheraton Louisville East $65.00
Minneapolis/St. Paul, MN
Minneapolis Four Points by Sheraton Minneapolis $64.00
Montreal, PQ
Montreal Four Points by Sheraton Montreal Ctre-Ville $90.00 CAD
Montreal Le Centre Sheraton Montreal Hotel $120.00 CAD
New York LaGuardia, NY
New York The St. Regis $400.00
New York Essex House - A Westin Hotel $199.00
Newark, NJ
Edison Sheraton Edison Hotel Raritan Center $75.00
Elizabeth Four Points by Sheraton Newark Airport $77.00
Parsippany Sheraton Parsippany Hotel $70.00
Piscataway Four Points by Sheraton Somerset/Piscataway $75.00
Pittsburgh, PA
Pittsburgh Four Points by Sheraton Pittsburgh Airport $51.00
Pittsburgh The Westin Convention Center Pittsburgh $79.00
Rochester, NY
Rochester Four Points by Sheraton Rochester Riverside $67.00
San Francisco, CA
Millbrae The Westin San Francisco Airport $110.00
San Francisco Palace Hotel $185.00
San Francisco The Westin St. Francis $149.00
Santa Clara The Westin Santa Clara $77.00
Sunnyvale Four Points by Sheraton Sunnyvale $59.00
Washington Dulles, DC
Alexandria Sheraton Suites Alexandria $89.00
Arlington Sheraton Crystal City Hotel $68.00
Arlington Sheraton National Hotel $65.00
Washington The St. Regis Washington D.C. $149.00
Washington Four Points by Sheraton D.C. Downtown $95.00
For complete terms and conditions on hotel rates listed above, visit http://promo.starwood.com/csus
********************************************************************
E-SAVERS FARE REQUIREMENTS: Fares do not include a $3 federal excise tax which will be imposed on each flight segment of your itinerary. A flight segment is defined as a takeoff and a landing. Fares do not include September 11th Security Fee of up to $10, depending on the itinerary. Canada fares do not include total government-imposed taxes and fees of up to $35. One-way travel, stopovers, wait-listing, standbys are not permitted. Travel must begin and end in the same city. Tickets become nonrefundable 24 hours after making an initial reservation, however, changes may be made for a minimum $100 fee for the continental U.S. and Canada, provided changes are within the allowable days of travel and seats are available. Tickets must be purchased at the time of reservation and made in advance of travel. Saturday night stay required. Maximum 3 day stay allowed. Fares do not include up to $18 airport passenger facility charges, where applicable.
Fares are valid for travel commencing Saturday and all travel must be completed by the following Tuesday. Seats are limited and are not available on all flights/days. Fares cannot be combined with other fares, discounts, promotions or coupons. Fares will not be honored retroactively or in conjunction with the exchange of any partially used ticket. Lower fares may be available in these markets. Other conditions apply.
This is a post-only mailing sent to [email protected]. Please do not respond to this message. To change departure city preferences or un-subscribe from this list, please visit the E-Savers enrollment page at:
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Copyright US Airways 1996-2002. All rights reserved. | {
"pile_set_name": "Enron Emails"
} |
Thanks for the reply. My memory is about as bad as yours. I don't remember
signing anything. Where is Keneally's? I might be around.
GT
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Thursday, June 07, 2001 9:14 AM
To: Turner, Gerry
Subject: Re: Arizona
Hi Gerry,
I don't remember anyone signing a notice of lien in Arizona. I remember
seeing a bunch of lien notices, since they have to send a notice even if
payment isn't due yet. I always thought that was strange, and sure created
clutter. I can't remember if there was any requirement that we sign. Does
Dewey remember? If you didn't sign and Dewey didn't sign, that doesn't
leave many folks who would have done so. I guess they could have changed
the laws, though. Sorry I'm not more help. I've forgotten more than I've
remembered.
If you are near town this evening, we are celebrating Paige's 21st birthday
at Keneally's, staring around 7. I'll buy. I can't believe she is 21.
Very disruptive of my self-perception.
Ciao,
Kay
"Turner, Gerry" <[email protected]> on 06/07/2001 08:23:14 AM
To: "'Kay Mann'" <[email protected]>
cc:
Subject: Arizona
Hello Kay---
I need some free legal advice and you are my favorite attorney. I'll buy
you a drink as payment in kind.
Try and remember El Paso work in Arizona. Arizona has statue that says you
must make a twenty day preliminary notice to file a lien. If you don't
file
such notice you waive your right to ever file a lien. I remember this from
our previous work out there.
We have a vendor who is supplying services to one of our subcontractors.
He
has sent us a twenty day notice to file a lien. There is no dispute but he
is sending the notice anyway. I understand all of that.
My question is this----it asks for us (BE&K) to sign and acknowledge
receipt
of the notice. It doesn't exactly read like I am required to acknowledge
receipt. What do you think or remember? Am I required to sign the notice
or not. Minor point I know, but I'd rather not raise the flag in
Birmingham.
Thanks. I really just want to hear from you and this is all I could come
up
with for an excuse to write.
Gerry Turner | {
"pile_set_name": "Enron Emails"
} |
Teco Tap 7.500 / Enron
LS HPL LSK IC 30.000 / Enron | {
"pile_set_name": "Enron Emails"
} |
I have no objection, assuming John approves it. Jim
-----Original Message-----
From: Evans, Mark (London Legal)
Sent: Tuesday, November 27, 2001 12:37 PM
To: Ale, John; Derrick Jr., James
Subject: FW: Wessex Water
John, Jim,
are we happy for Clifford Chance to act commercially on the other side of the table from Enron. I have no problem with this from my side.
I'd be grateful to hear from you. This appears to be urgent for CC.
Mark
J. Mark Evans
Enron Europe Legal Department
tel: 44 207 783 5424
fax: 44 207 783 8287
email: [email protected]
outlook: evans, mark (London Legal)
-----Original Message-----
From: [email protected]
[mailto:[email protected]]
Sent: 26 November 2001 10:14
To: Evans, Mark (London Legal)
Cc: [email protected]
Subject: Wessex Water
Dear Mark,
Do you have any news re our acting for a client in acquiring an equity stake
in Wessex Water? I am being chased by my partners about obtaining clearance
for them to act.
Please excuse me for in turn chasing you about this; I certainly appreciate
that you will have more important matters at your hands to deal with these
days, but for us accepting or refusing mandates from clients or would-be
clients time is of the essence; I am sure that you will understand this.
With best regards
Kersten von Schenck
Clifford Chance P?nder
Partnerschaftsgesellschaft von Rechtsanw?lten,
Wirtschaftspr?fern, Steuerberatern und Solicitors
Mainzer Landstrasse 46
D-60325 Frankfurt am Main
Tel.: +49 69 7199-01
+49 69 7199-1511 direct
+49 171 971 0651 mobile
Fax: +49 69 7199-4000
<mailto:[email protected]>
<http://www.cliffordchance.com>
*******
This message and any attachment are confidential and may be privileged or otherwise protected from disclosure. If you are not the intended recipient, please telephone or email the sender and delete this message and any attachment from your system. If you are not the intended recipient you must not copy this message or attachment or disclose the contents to any other person.
For further information about Clifford Chance please see our website at http://www.cliffordchance.com or refer to any Clifford Chance office. | {
"pile_set_name": "Enron Emails"
} |
Buy Apache #384247
Buy Williams 384237
Sale Tenaska 384258
Trans Capacity Lone Star 452491&452475
Spot sales will be on various tickets throughout each month. Deals are under
the Cleburne Intramamonth Position in Sitara.
D | {
"pile_set_name": "Enron Emails"
} |
Thanks, Janet. I'll make sure and pass on your "well wishes" . If you need
to reache me in the future, I'm available at 503/464-7927.
Lysa
From: Janet Butler/ENRON@enronXgate on 03/28/2001 04:25 PM CST
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: RE: Summary of Commission Meeting
Thank you. Mary wrote and said she was leaving(I will remove her name and we
wish her well.
-----Original Message-----
From: Akin, Lysa On Behalf Of Hain, Mary
Sent: Wednesday, March 28, 2001 4:16 PM
To: Butler, Janet
Subject: Re: Summary of Commission Meeting
Mary Hain has resigned her position with Enron. Please remove her from all
your mail lists.
Thank you.
Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.
From: Janet Butler/ENRON@enronXgate on 03/28/2001 10:18 AM CST
To: Daniel Allegretti/NA/Enron@Enron, Nancy Bagot/OTS/Enron@ENRON, Martha
Benner/ENRON@enronXgate, Donna Bily/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn
Blair/ET&S/Enron@ENRON, Jack Boatman/FGT/Enron@ENRON, Rob
Bradley/Corp/Enron@ENRON, Theresa Branney/ENRON@enronXgate, Lorna
Brennan/ENRON@enronXgate, Tom Briggs/NA/Enron@Enron, Janet
Butler/ENRON@enronXgate, Bob Chandler/ET&S/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT, Bill Cordes/ENRON@enronXgate, Shelley
Corman/ENRON@enronXgate, Christi Culwell/ENRON@enronXgate, Shonnie
Daniel/HOU/ECT@ECT, Mary Darveaux/ET&S/Enron@ENRON, Rick
Dietz/ET&S/Enron@ENRON, Dari Dornan/ET&S/Enron@ENRON, John
Dushinske/ENRON@enronXgate, Sharon Farrell/FGT/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Bret Fritch/ENRON@enronXgate, Donna
Fulton/Corp/Enron@ENRON, John Goodpasture/ENRON@enronXgate, Mary
Hain/HOU/ECT@ECT, Steven Harris/ET&S/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Robert
Hayes/FGT/Enron@ENRON, Rod Hayslett/ENRON@enronXgate, Bambi
Heckerman/NPNG/Enron@ENRON, Theresa Hess/ENRON@enronXgate, Robert
Hill/NPNG/Enron@ENRON, Staci Holtzman/ENRON@enronXgate, Tamara
Hopkins/ENRON@enronXgate, Stanley Horton/Corp/Enron@Enron, Lee
Huber/ET&S/Enron@ENRON, Martha Janousek/ENRON@enronXgate, Steven
January/ET&S/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Robert
Kilmer/ENRON@enronXgate, Frazier King/ENRON@enronXgate, Steve
Kirk/ENRON@enronXgate, Tim Kissner/ET&S/Enron@ENRON, Laura
Lantefield/ENRON@enronXgate, Linda L Lawrence/NA/Enron@Enron, Blair
Lichtenwalter/ENRON@enronXgate, Elizabeth Linnell/NA/Enron@Enron, Teb
Lokey/ENRON@enronXgate, Phil Lowry/OTS/Enron@ENRON, Susan J
Mara/NA/Enron@ENRON, Donna Martens/ENRON@enronXgate, JERRY
MARTIN/ENRON@enronxgate, Dorothy McCoppin/ENRON@enronXgate, Mike W
McGowan/ENRON@enronXgate, Mary Kay Miller/ET&S/Enron@ENRON, Michael P
Moran/ENRON@enronXgate, Sheila Nacey/ET&S/Enron@ENRON, Kimberly
Nelson/ENRON@enronXgate, Michel Nelson/ENRON@enronXgate, Ray
Neppl/NPNG/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christi L
Nicolay/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@ENRON, Ranelle
Paladino/ET&S/Enron@Enron, Maureen Palmer/HOU/EES@EES, Zelda
Paschal/ENRON@enronXgate, Geneva Patterson/NPNG/Enron@ENRON, Maria
Pavlou/ENRON@enronXgate, "Peebles, Eileen"
<[email protected]>@SMTP@enronXgate, Keith Petersen/ENRON@enronXgate,
Peggy Phillips/ENRON@enronXgate, Janet Place/NPNG/Enron@ENRON, Dan
Pribble/OTS/Enron@ENRON, Tony Pryor/ET&S/Enron@ENRON, Colleen
Raker/ENRON@enronXgate, Randy Rice/ENRON@enronXgate, Kathy
Ringblom/ENRON@enronXgate, Linda Robertson/NA/Enron@ENRON, James
Saunders/ENRON@enronXgate, Lisa Sawyer/ENRON@enronXgate, Donna
Scott/FGT/Enron@ENRON, Susan Scott/ENRON@enronXgate, John
Shafer/OTS/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mike G
Smith/NA/Enron@Enron, Louis Soldano/ENRON@enronXgate, Lon
Stanton/ET&S/Enron@ENRON, James D Steffes/NA/Enron@Enron, James
Studebaker/FGT/Enron@ENRON, Jim Talcott/ENRON@enronXgate, Gina
Taylor/ENRON@enronXgate, Denis Tu/FGT/Enron@ENRON, Michael Van
Norden/Corp/Enron@ENRON, Stephen Veatch/ENRON@enronXgate, Donald
Vignaroli/ENRON@enronXgate, Jody Warner/NPNG/Enron@ENRON, Kimberly
Watson/ENRON@enronXgate, Julia White/ET&S/Enron@ENRON, Kim
Wilkie/ENRON@enronXgate, Jane Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob
Wilson/ENRON@enronXgate, Michele Winckowski/ENRON@enronXgate, Lisa
Yoho/NA/Enron@Enron
cc:
Subject: Summary of Commission Meeting
In the Commission meeting today:
GridFlorida,s application to form an RTO in the Florida peninsula was
approved with certain distinct directives. Namely, GridFlorida must improve
stakeholder participation; must report on further developments to ensure
obligations of reliability and interface functions according to Order 2000;
and must further define the rights of passive owners understanding that any
veto rights of passive owners will be subject to review by FERC. RT01-67
Southwest Power Pool,s application to form an hybrid RTO is rejected. SPP,s
application was limited to Entergy and SPP only and therefore, has not meant
the scope and regional configuration as directed by Order 2000. The required
report according to the Federal Power Act, Section 203 was not filed. The
order does permit SPP to change its merger affiliation to join an RTO and
approves the filing regarding the board selection process. RT01-34
FERC is issuing a Notice, RM99-2 inviting comments from the industry on
interregional coordination. A technical conference will be scheduled after
comments are received. FERC has been disappointed in the filings with regard
to the interregional participation; hence, the Notice.
CPUC v. El Paso, RP00-241. This order discusses CPUC,s complaint that El Paso
Merchant intentionally acquired more capacity than needed to manipulate price
spreads. The order dismisses denies summary judgment and dismisses the
complaint. FERC stated that El Paso Merchant has not violated any standards
of conduct. With respect to the issue of market power, the current record is
not considered to be complete. However, FERC will schedule a hearing to
complete and review the record. | {
"pile_set_name": "Enron Emails"
} |
The files that were given to me have been reassigned within the group. I resolved Morgan Stanley Cap Group and sent a signed global confirmation acceptance to Todd D. As to EES, I was working with Sarah Dietrich, attorney with EES, but could never get them to execute since officers would not do so on the basis of the internal "reorg" issues. Sarah was going to continue to work on this.
-----Original Message-----
From: Theriot, Kim S.
Sent: Wednesday, September 19, 2001 2:41 PM
To: Taylor, Mark E (Legal); Shackleton, Sara; Cook, Mary; Sayre, Frank; Leite, Francisco Pinto; Hendry, Brent
Subject: Pending Legal Review and Comments
Importance: High
Please see the attached list which details items pending for legal review and comments. The list details the issue by counterparty and the number of unsigned transactions as a result of the issue. Can you provide me with an update as to where we stand on each item or if there is additional information needed from the confirmation team? I would like to know which attorney has each particular Counterparty issue. Thanks for your assistance.
Kim Theriot
x. 31771
-----Original Message-----
From: Anderson, Diane
Sent: Wednesday, September 19, 2001 12:16 PM
To: Theriot, Kim S.
Subject: Pending Legal
As we discussed....
<< File: Legal Review 091001.xls >> | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Judy Hernandez/HOU/ECT on 12/12/2000
11:37 AM ---------------------------
Julissa Marron @ ENRON 12/12/2000 10:03 AM
To: Angela Mendez/GPGFIN/Enron@ENRON, Marilyn Rivera/HOU/ECT@ECT, Marvia
Jefferson/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, "Becky Beltran"
<[email protected]>, [email protected], Tiffany La Dang
<[email protected]>, Adrial Boals/Corp/Enron@Enron, Judy
Hernandez/HOU/ECT@ECT, Faye Ellis/HOU/ECT@ECT, Sandra R
McNichols/HOU/ECT@ECT, Regina Blackshear/Corp/Enron@ENRON, Amber
Ebow/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT
cc:
Subject: [Fwd: (no subject)]
Let's pray together again! We can never pray too much, he loves to hear from
us.
May God bless you today and always!
Love,
Julissa
Let's just give the devil a Holy Ghost Fit!
> >>
> >> Father, in the name of Jesus, bless everyone that receives this
> >> message in a special way, open supernatural doors in their life
> today,
> >>give
> >>them a
> >> double portion of your Spirit as we take back everything that
> the devil
> >>has
> >> stolen from us:
> >> Health
> >> Finances
> >> Children
> >> Jobs
> >> Homes
> >> Marriages, Loved Ones, Friends
> >> Amen.
> >>
> >> Let's take time to pray.
> >> Take 60 seconds and give this a shot!
> >> Let's just see Satan stop this one.
> >>
> >> All you do is:
> >>
> >> 1) simply say a small prayer for the person who sent you this,
> >>
> >> 2) then send it on to five other people ... within hours five
> >> people have prayed for you, and you caused a multitude of
> people to
> >> pray to God for other people...
> >>
> >> 3) then sit back and watch the power of God work in your life
>
>
> | {
"pile_set_name": "Enron Emails"
} |
hello Tana,
We are prepared to sign the DEMLP M/S. The contract should contain no
changes from that which was originally prepared this past June.
Thanks
Brant | {
"pile_set_name": "Enron Emails"
} |
This is what I have for the East Desk. Let me know if you have questions. | {
"pile_set_name": "Enron Emails"
} |
Jeff,
Attached is the updated spreadsheet for the undercollection analysis. This
spreadsheet uses a 9% discount rate rather than a 7% discount rate as was
used in the initial assessment.
I have not grossed these results up for taxes because the revenue resulting
from the recovery of undercollection would be offset by a cost of
purchasing power, meaning that the revenue item is offset by a comparable
expense item. Thus, there is no need to gross the rate increase up for taxes.
I am travelling until Thursday but will be checking my e-mail and
voicemail. Please let me know if you have questions.
Bill
- Undercollection recovery rate analysis 3-12-01.xls | {
"pile_set_name": "Enron Emails"
} |
FYI
----- Forwarded by Sara Shackleton/HOU/ECT on 06/08/2000 02:48 PM -----
Sheila Glover
06/08/2000 02:25 PM
To: Lauren Hagerty/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Donna Lowry/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, John
Greene/HOU/ECT@ECT
Subject: Genesys International Corporation Limited - FIP
Lauren,
Was a FIP (Foreign Investor Proposal) obtained in order for us to buy the
shares in the IPO? If the Mauritiurs entity was authorized to obtain the
shares through the IPO, doesn't it then make sense that we can sell the
shares?
Please let me know your thoughts.
Sheila
Also, do we know what the Symbol is going to be for Rediff.com India
Limited's ADRs? | {
"pile_set_name": "Enron Emails"
} |
FYI - Southwestern Bell is installing equipment in my home on April 3. They
will call me 1 hour before arrival. This is just a head's up that I may have
to dash out sometime during the day. SS
Kaye Ellis
03/14/2000 09:59 AM
To: Angeline Poon/SIN/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Re: appointment with Sara Shackleton
Monday would be the best day for Sara. I've put Matthias on her calendar for
2 pm (Houston time).
Kaye
Angeline Poon
03/14/2000 01:28 AM
To: Kaye Ellis/HOU/ECT@ECT
cc: Matthias Lee/SIN/ECT@ECT, Angeline Poon/SIN/ECT@ECT
Subject: appointment with Sara Shackleton
Hi Kaye
Sorry, this is actually meant for you. apologies.
angie*
---------------------- Forwarded by Angeline Poon/SIN/ECT on 14/03/2000 15:28
---------------------------
Angeline Poon
14/03/2000 15:04
To: Kaye Ellis/HOU/ECT@ECT
cc: Matthias Lee/SIN/ECT@ECT, Angeline Poon/SIN/ECT@ECT
Subject: appointment with Sara Shackleton
Hi Delores
Matthias Lee, the legal counsel from Singapore will be in Houston during the
week 3 - 7 April 2000. Besides attending the Enron Law Conference on 5 - 7
April, Matthias will be in the Houston office from 3 to 4 April (Monday &
Tuesday) and he would like to drop by Sara Shackleton's office to say
hello. Could you please check Sara's schedule to see if Sara is free to see
Matthias on the 3rd or the 4th?
Thanks for your help.
Angeline
Assistant to Matthias Lee | {
"pile_set_name": "Enron Emails"
} |
Did you receive my e-mail re SAT.?
Debra Perlingiere
Enron North America Corp.
1400 Smith Street, EB 3885
Houston, Texas 77002
[email protected]
Phone 713-853-7658
Fax 713-646-3490 | {
"pile_set_name": "Enron Emails"
} |
Are you getting married!!?? | {
"pile_set_name": "Enron Emails"
} |
Can you please let me know if there are other deals that go with the deal #
referenced above? We have a total of 32 MW but this is only for 5.
Thanks
Judy | {
"pile_set_name": "Enron Emails"
} |
Thanks to all who will be attending the 2nd Annual Napa Valley Wine Tour this
coming Saturday!
There are still about 8 spots open, so get 'em while they last.
I will be forwarding a complete itinerary in the next several days, but our
trip will include a private tasting and gourmet deli stop at V. Sattui
Winery, one of the Valley's most beautiful stops!
Please plan on being at the North Berkeley BART Station no later than 9:50 am
on Saturday. The bus will leave at 10 am sharp and return to the same
location by about 5:30 pm.
Feel free to address other questions to me at [email protected].
See you Saturday!!
Mike
-----------------------------------------------
For reference, your link to this Invite is:
http://www.evite.com/r?iid=EKJDLUUUUDAGAOPCYFPR
Delivered by: http://www.evite.com
Amazon.com 100 Hot Books -- Up to 40% Off
http://r.evite.com/s/r/http://www.amazon.com/exec/obidos/redirect?tag=evitetes
t5&path=subst/lists/best/amazon-bestsellers.html
48484848 | {
"pile_set_name": "Enron Emails"
} |
On June 29, 2001, the NSTAR Companies (Boston Edison, Cambridge Electric, Commonwealth Electric) made a 317-page tariff filing in compliance with FERC's order that required the companies to amend their Standard Form Interconnection Agreement for Generators.
The amendments have an effective date of May 30, 2001 and include:
- explanation of the role of ISO-New England when redispatch costs materialize
- 120-day Notice to Proceed provision
- new method of allocating costs of upgrades to system protection equipment
- deletion of requirement that generators provide security greater than estimated construction costs
- new indemnification provisions
- compensation for real/reactive power in emergencies
If you would like more information on this filing, please let me know.
Susan Scott
x30596 | {
"pile_set_name": "Enron Emails"
} |
I will be out of the country on Wednesday
Johan Zaayman@ENRON_DEVELOPMENT
10/10/2000 02:50 PM
To: Steven J Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Michael
Terraso@ENRON
cc: John Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Visit to Enron by Three Eisenhower Exchange Fellows (EEF) from India
Steve, Jim, Mike:
You may be aware that Enron officials have in the past met with international
opinion leaders visiting the US as part of the Eisenhower Exchange Fellowship
(EEF) program. The EEF is an international leadership exchange program that
promotes international understanding and productivity through the exchange of
information, ideas, and perspectives among emerging leaders throughout the
world. Ken Lay is a member of the EEF Board of Trustees.
Enron will be hosting three EEF visitors from India on Wednesday, October 18,
2000:
Mr. Sanjeev Ahluwalia, Secretary of the Central Electricity Regulatory
Commission;
Mr. Sreenivasan Jain, Newscaster, New Delhi TV; and
Mr. Jawed Usmani, Joint Secretary, Office of the Prime Minister.
I am preparing a day program at Enron for the three persons, two of whom -
Sanjeev Ahluwalia and Jawed Usmani - are interested in learning more about
the US regulatory environment. Mr. Ahluwalia also wants to learn more about
US environmental policy in both local and global contexts (please refer to
attached bios for more details).
I would be grateful if either Steve or Jim could meet with the above persons
for 30-45 minutes to discuss regulatory issues. Similarly, if Mike could be
available to meet with Mr. Ahluwalia re environmental issues. Please let me
know if you are available either between 10:00 - 12:00 noon or 3:30 - 5:00
p.m. on Wednesday, October 18, 2000. If you are unavailable, it would be
appreciated if one of your other colleagues could assist in this regard.
Many thanks,
Johan
- AHLUWALIA bio.doc
- CV1.doc | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Genia FitzGerald/HOU/ECT on 09/01/2000 10:20 AM -----
> <<MPEG movie>>
- SNEAKYCAT.MPEG | {
"pile_set_name": "Enron Emails"
} |
What about all the deranged postal workers? | {
"pile_set_name": "Enron Emails"
} |
Someone internal is coming to look at it this weekend. I posted it at 15500. | {
"pile_set_name": "Enron Emails"
} |
-----Original Message-----
From: Staab, Theresa
Sent: Tuesday, October 02, 2001 10:26 AM
To: Lucci, Paul T.
Subject: FW: Balance Sheet
-----Original Message-----
From: Ruth Reile [mailto:[email protected]]
Sent: Tuesday, October 02, 2001 10:08 AM
To: Staab, Theresa
Subject: FW: Balance Sheet
-----Original Message-----
From: Juli Pierce [mailto:[email protected]]
Sent: Tuesday, October 02, 2001 8:48 AM
To: Ruth Reile
Subject: Balance Sheet
HI Ruth???.Attached is the Balance Sheet as of June 30, 2001
If you have any questions let me know.
Juli | {
"pile_set_name": "Enron Emails"
} |
Susie,
I know I am a total ding-bat!! Will you send me all of your information
again including parent's address, parent's home phone, your work phone,
etc?
I just got a new palm, so I am updating...
Love, Lisa | {
"pile_set_name": "Enron Emails"
} |
Hi Cle,
FYI.
Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/21/2000 11:12
AM ---------------------------
Heather Kroll@ECT
09/21/2000 10:52 AM
To: Dan Lyons/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Ozzie Pagan/HOU/ECT@ECT
cc:
Subject: Term Sheet Part Deux
Here's my attempt to read Dan's handwriting and make the changes necessary to
the term sheet.
Heather | {
"pile_set_name": "Enron Emails"
} |
The report named: East P/L Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=1&report_name=East+P/L+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y¤t_efct_date=11/12/2001>, published as of 11/12/2001 is now available for viewing on the website. | {
"pile_set_name": "Enron Emails"
} |
This is the October regulatory highlights memo. Please forward to whomever
could use it. Thanks.
----- Forwarded by Carol Benter/HOU/NorthAmerica/MCKINSEY on 12/04/2000
10:32 AM -----
Jim O'Reilly
11/20/2000 To: Alan
05:25 PM
FitzGerald/NYO/NorthAmerica/MCKINSEY@MCKINSEY,
Mohan
Giridharadas/ATL/NorthAmerica/MCKINSEY@MCKINSEY,
Ken
Ostrowski/ATL/NorthAmerica/MCKINSEY@MCKINSEY,
Jack
Welch/BOS/NorthAmerica/MCKINSEY@MCKINSEY,
Christoph
Grobbel/COL/Europe/MCKINSEY@MCKINSEY,
David
Becker/CHI/NorthAmerica/MCKINSEY@MCKINSEY,
Gerhard
Bette/CHI/NorthAmerica/MCKINSEY@MCKINSEY,
Steve
Coley/CHI/NorthAmerica/MCKINSEY@MCKINSEY,
Bob
Frei/CHI/NorthAmerica/MCKINSEY@MCKINSEY,
Bernard
Loyd/CHI/NorthAmerica/MCKINSEY@MCKINSEY,
Tim
Chapman/CLE/NorthAmerica/MCKINSEY@MCKINSEY,
Sandy
Kennedy/CLE/NorthAmerica/MCKINSEY@MCKINSEY,
Rob
Latoff/CLE/NorthAmerica/MCKINSEY@MCKINSEY,
Luis
Troyano/CLE/NorthAmerica/MCKINSEY@MCKINSEY,
John
Warner/CLE/NorthAmerica/MCKINSEY@MCKINSEY,
Bill
Barnett/DAL/NorthAmerica/MCKINSEY@MCKINSEY,
Jim
Humrichouse/DAL/NorthAmerica/MCKINSEY@MCKINSEY,
Robert
Musslewhite/AMS/Europe/MCKINSEY@MCKINSEY,
Brian
Tulloh/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Carol B
White/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
Gary
Farha/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
Stephanie
Hayes/BOS/NorthAmerica/MCKINSEY@MCKINSEY,
Thomas-Olivier
Leautier/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
Sally
Lindsay/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
Linda
Mansfield/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
Hans
Miller/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
Jessica
O'Connor-Petts/DCO/NorthAmerica/MCKINSEY@MCKINSEY
, Paul
Parfomak/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
Thomas
Read/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
Trudy
Scott/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
Pru
Sheppard/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
Les
Silverman/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
Marcelino
Susas/DCO/NorthAmerica/MCKINSEY@MCKINSEY, B.
Venki Venkateshwara@MCKINSEY, Joan
Westmoreland/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
Thomas
Vahlenkamp/DUS/Europe/MCKINSEY@MCKINSEY,
George
Appling/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Joe
Avila/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Leonhard
Birnbaum/DUS/Europe/MCKINSEY@MCKINSEY,
Tim
Bleakley/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
John
Bookout/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Jim
Bowen/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Barbara
Fletcher/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Rahul
Gujral/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Francis
Hodsoll/NCO/NorthAmerica/MCKINSEY@MCKINSEY,
Barbara
House/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Zeynep Iber
Young/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Mike
Juden/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Jatin
Kakkar/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Gerald
Klenner/VIE/Europe/MCKINSEY@MCKINSEY, Dan
Loflin/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Carolyn
Loos/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Girish
Nair/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Sesha
Narayan/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Suzanne
Nimocks/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Marko
Schulz/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Jianghong
Wang/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Renee
Foster/NYO/NorthAmerica/MCKINSEY@MCKINSEY, Jeff
Long/LAN/NorthAmerica/MCKINSEY@MCKINSEY, Dennis
Woodside/LAN/NorthAmerica/MCKINSEY@Mckinsey,
Parke
Boneysteele/SFO/NorthAmerica/MCKINSEY@MCKINSEY,
[email protected], Jennifer
Midura/LON/Europe/MCKINSEY@MCKINSEY, Ashutosh
Shastri/LON/Europe/MCKINSEY@MCKINSEY, Jorge
Alarcon/MAD/Europe/MCKINSEY@MCKINSEY, Nicolas
Borges/MAD/Europe/MCKINSEY@MCKINSEY, Enrique de
Leyva/MAD/Europe/MCKINSEY@MCKINSEY, German
Dominguez/MAD/Europe/MCKINSEY@MCKINSEY, Scott
Graham/LON/Europe/MCKINSEY@MCKINSEY, Jack
Dempsey/MIN/NorthAmerica/MCKINSEY@MCKINSEY, Jose
Federico
Castillo/MEX/NorthAmerica/MCKINSEY@MCKINSEY,
Alejandro
Diaz/MEX/NorthAmerica/MCKINSEY@MCKINSEY, Bernard
Minkow/MAD/Europe/MCKINSEY@MCKINSEY, Antonio
Puron/MEX/NorthAmerica/MCKINSEY@MCKINSEY, Dan
Hurdle/PNW/NorthAmerica/MCKINSEY@MCKINSEY, Atul
Kanagat/PNW/NorthAmerica/MCKINSEY@MCKINSEY,
Andrew
Hertneky/PIT/NorthAmerica/MCKINSEY@MCKINSEY,
Vijay
Gosula/SAO/SouthAmerica/MCKINSEY@MCKINSEY,
Andre
Lima/RJO/SouthAmerica/MCKINSEY@MCKINSEY,
Rodrigo
Rasera/SAO/SouthAmerica/MCKINSEY@MCKINSEY, Zander
Arkin/SFO/NorthAmerica/MCKINSEY@MCKINSEY, Paul
Jansen/SFO/NorthAmerica/MCKINSEY@MCKINSEY, Jim
Robb/SFO/NorthAmerica/MCKINSEY@MCKINSEY, Matt
Rogers/SFO/NorthAmerica/MCKINSEY@MCKINSEY,
Cecilia
Bergman/STO/Europe/MCKINSEY@MCKINSEY, Per
Lekander/STO/Europe/MCKINSEY@MCKINSEY, Tsun-yan
Hsieh/SIN/Asia/MCKINSEY@MCKINSEY,
Paul
LeBrun/TOR/NorthAmerica/MCKINSEY@MCKINSEY, Gerrit
van
Geyn/TOR/NorthAmerica/MCKINSEY@Mckinsey, Bob
Edwards/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Jeff
Walker/DAL/NorthAmerica/MCKINSEY@MCKINSEY, Paul
Kolter/DCO/NorthAmerica/MCKINSEY@MCKINSEY, Tommy
Inglesby/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Brian
Swain/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
Brad Van
Tassel/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Elyse
Wilson/NCO/NorthAmerica/MCKINSEY@Mckinsey, Rogene
McCoy/SYD/Australia/MCKINSEY@MCKINSEY, Victor
Perez/SFO/NorthAmerica/MCKINSEY@MCKINSEY, Marina
Ospina/DCO/NorthAmerica/MCKINSEY@MCKINSEY, Salim
Maherali/DEL/Asia/MCKINSEY@Mckinsey, Suresh
Mustapha/TOR/NorthAmerica/MCKINSEY@Mckinsey,
Fawad
Quraishi/TOR/NorthAmerica/MCKINSEY@Mckinsey
cc:
Subject: Regulatory update
Attached is the latest regulatory update. Please let me know if you would
like any additional information.
(See attached file: Oct00.doc)(See attached file: Oct00Exh.ppt)
+-------------------------------------------------------------+
| This message may contain confidential and/or privileged |
| information. If you are not the addressee or authorized to |
| receive this for the addressee, you must not use, copy, |
| disclose or take any action based on this message or any |
| information herein. If you have received this message in |
| error, please advise the sender immediately by reply e-mail |
| and delete this message. Thank you for your cooperation. |
+-------------------------------------------------------------+
(See attached file: Oct00.doc)
(See attached file: Oct00Exh.ppt)
- Oct00.doc
- Oct00Exh.ppt | {
"pile_set_name": "Enron Emails"
} |
As many of you know, Joe Hunter will be leaving the ENA Financial Confirmation group as of today. We thank him for his hard work and dedication to the Financial team and wish him much success in his new responsibilities as a Business Analyst within Enron's IT Development Group.
I am please to announce that Diane Anderson has agreed to take the role as Lead over the Financial Confirmation team. Diane has been with the Financial Confirmation team for the past year working as lead over the Emerging Products Financial confirmations. Diane brings with her years of experience in the Financial area. Diane has held various managerial positions within financial trading operations, including Assistant Treasurer and Operations Manager for Tri-Party Repo trading and Government Securities Clearance Services at The Bank of New York, and most recently, drafting and reviewing Financial Documentation (cross currency, interest rate swap, credit derivatives, high-yield debt) at Deutsche Bank.
Contacts for the ENA Financial Confirmation team are as follows:
Diane Anderson Team Lead x. 30443
Bianca Ornelas Crude/Liquids (Non-EOL) x. 53782
Celeste Cisneros Weather x. 54987
Rebecca Bell Paper/Pulp and Steel x. 54988
Jean Bell Natural Gas (Non-EOL) x. 57234
Patrick Mulvany EOL Financial x. 53877
Gordon Heaney Mexico Financial x. 58175
Angie Guillen Third-Party Financial Confirms x. 31472
Kristine Best Broker Checkout x. 53126
Lee Hayman Broker Checkout x. 51599
Jason Fischer NYMEX Broker Checkout x. 53207
Todd Delahoussaye Confirmation Follow-Up x. 53876
If you have any questions, please feel free to call me at ext. 31771.
Kim Theriot | {
"pile_set_name": "Enron Emails"
} |
Please note the time of the party is 6 p.m. to 10 p.m.
To view your invitation click the web address below or copy and paste it into your web browser:
http://www.sendomatic.com/servlets/v?e=61930&u=745789
If you are having trouble viewing the above web address, visit
http://www.sendomatic.com/servlets/[email protected]
Hope you have fun!
--
P.S. If you'd like to send your own personalized invitations or announcements go to http://www.sendomatic.com | {
"pile_set_name": "Enron Emails"
} |
What have they done for us?
Terence H Thorn@ENRON_DEVELOPMENT
10/03/2000 08:30 AM
To: Steven J Kean/NA/Enron@Enron
cc:
Subject: AGA
Steve I need your help. Twice in the last three months I have run into the
Chairman of AGA who has taken my head off for Enron not renewing its AGA
dues. I understand that the dues had been paid by Stan Horton who had
decided that the pipeline group with INGAA representing it had no need for
and received no benefit from the membership. I guess a few years back, when
AGA "kicked" the pipelines out, they renegotiated the dues into some type of
sub membership for around 85K.
AGA approached the gas marketing team and talked to Mike Roberts about
renewing the membership and maintaining relations with his customers and
later to Jeff Shankman who passed them off to some other person and never got
back to them as promised. This is a heads up to tell you that Bob Catell of
Brooklyn Union fame- one of Enron's oldest customers and friends will be
calling Lay.
It seems to me that pro rating the dues among ENA and EGM and maybe GPG might
be a solution. Anyhow, I promised to pass on the complaint. Thanks. | {
"pile_set_name": "Enron Emails"
} |
Re: reporting loop----Andy
-----Original Message-----
From: Davis, Britt
Sent: Thursday, October 18, 2001 3:32 PM
To: Sanders, Richard B.
Cc: Zikes, Becky; Guinn, Linda R.; Stephens, Becky; Cheek, Charles; Vote, Robert; Edison, Andrew
Subject: RSM Production, et al. v. El Paso, et al.
`
Richard,
This will acknowledge receipt of and thank you for the above-referenced referral. You told me that we were to act as first-chair trial counsel in this matter, and instructed me to retain local counsel immediately.
On the recommendation of Susman & Godfrey and Willy Wood of Fulbright & Jaworski, and with Jim Derrick's authority, I am happy to report that I have retained Lazaro Garza-Gongora of Laredo as local counsel for us in this matter, at his usual hourly rate of $175, and a retainer of $5,000, to be applied by him against his fees and expenses. By acting quickly on this, we eliminated the risk of the remaining defendants snapping up all available local counsel and being forced to beg for a share of one. I would of course be willing to consider sharing Lazaro (and his fees) with other defendants, but with the understanding that in the event of a conflict, Lazaro would only represent us, and would be allowed to stay in the case.
I anticipate that there will be a comprehensive joint defense agreement in this matter and that both local counsel and experts, including gas measurement experts, may be shared. I will be speaking with you shortly about retaining a gas measurement expert.
Lazaro is going to the courthouse to review the court's file and will report shortly on what he finds.
Please let me know how you want Lazaro's bills handled.
Please let me know who needs to be in the reporting loop on this one.
As always, we greatly appreciate the chance to work with you.
I will keep you closely advised.
Britt
. | {
"pile_set_name": "Enron Emails"
} |
Susan: will you please handle. Thanks. Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 06/16/2000 08:03 AM -----
Michael Khajeh-Noori
06/16/2000 05:37 AM
To: Sara Shackleton/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Susan
Bailey/HOU/ECT@ECT
cc: Edmund Cooper/LON/ECT@ECT, David Hardy/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Christopher Shapland/LON/ECT@ECT, Paul
Radous/Corp/Enron@ENRON
Subject: Re: Duke Energy Trading and Marketing L.L.C.
Any progress with this?
Thanks
Michael
Michael Khajeh-Noori
06/09/2000 07:28 PM
To: Sara Shackleton/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Susan
Bailey/HOU/ECT@ECT
cc: Edmund Cooper/LON/ECT@ECT, David Hardy/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Christopher Shapland/LON/ECT@ECT
Subject: Duke Energy Trading and Marketing L.L.C.
We have just completed a nightmare negotiation involving a confirmation with
this counterparty and propose entering into an English law ISDA Master with
them to avoid future problems. I understand that one is already in existence
between this c/p and ECT. I suggest that we could mirror this and send it to
the cp as a starter. If you think that this would be appropriate please
could you send me a copy of the Duke/ECT Schedule, CSA and any guaranties.
Have a great weekend.
Many thanks
Michael | {
"pile_set_name": "Enron Emails"
} |
This is not a circular and you will not get another chance. This deals with migration to new systems and you need to migrate your own information or applications in the next day. Remember do not delete anything and data to be transferred must comply (see attachments below).
The policy must be complied by Thursday. Please ensure that everyone in your group has moved everything which is in compliance with the policy. We will not be delaying close or restart for people not having completed their own migrations.
Please make sure that those people who are not in the office are contacted and comply (eg Dana - please cover Kevin's migration requirements)
Thanks
Louise
-----Original Message-----
From: UBSW Energy General Announcements
Sent: Tuesday, February 05, 2002 6:12 PM
To: DL-UBSW Energy Houston
Subject: Data Migration Protocol
To: All Enron Employees Transferring to UBS Warburg Energy (or its affiliates)
Under the terms of the various agreements among certain Enron entities and UBS AG, certain Enron data and documents may be provided to UBS. To ensure compliance with those agreements, Enron's document retention policy, as well as directives of various investigative agencies, the attached protocol regarding the process for migration of any information or data to UBS has been developed.
Please review the protocol carefully. Then, complete the attached Certification and return it, with attachments, to Linda Guinn at EB 3829a no later than February 11, 2002.
Questions about this matter may be directed to Michelle Cash at (713) 853-6401 or Francisco Pinto-Leite at (713) 345-7942 .
Protocol Document and Data Copy Instructions
Certification Document
Thank you for your assistance in making the transition to UBS a success. | {
"pile_set_name": "Enron Emails"
} |
I have a conflict with the Friday morning call this week. Any chance you
will be covering it? I know you guys are busy this week..... | {
"pile_set_name": "Enron Emails"
} |
Let's shoot for spring semester. fortunately nobody has called me about not getting on the interview list. Thanks for the update.
-----Original Message-----
From: Marvin, Michele Nezi
Sent: Thursday, October 11, 2001 11:29 AM
To: Shankman, Jeffrey A.
Subject: RE: Zwieg Dates for Ken Lay
I'm happy to get Ken to campus whenever we can. I'll get the available 2nd semester dates and send them to you. Hopefully we can try to get something incorporated into the curriculum during that semester in conjunction with a visit.
Also, my guess is that you've been getting a lot of calls from people disappointed about not being on our preselect list. (I know that I have). We received 215 resumes for 42 interview slots, so there are a lot of good people that we didn't preselect - we gave preference to people who had investment banking/trading and/or energy experience that we thought would have a higher likelihood of moving to Houston. I've been telling the people who have called to try to get added to the invite list that they can sign up for any open interview slots on Oct. 25 in the online CareerTrack system.
Michele Nezi Marvin
Enron Principal Investments
713.853.6848
-----Original Message-----
From: Shankman, Jeffrey A.
Sent: Wednesday, October 10, 2001 3:15 PM
To: Marvin, Michele Nezi
Subject: RE: Zwieg Dates for Ken Lay
I talked to Rosie yesterday, and she indicated Ken would not be available this semester, but would like to do something for us next semester. Any thoughts?
-----Original Message-----
From: Marvin, Michele Nezi
Sent: Friday, September 28, 2001 11:48 AM
To: Shankman, Jeffrey A.
Subject: Zwieg Dates for Ken Lay
Here are the available 1st semester dates -
November 1
November 15
December 6
They probably also have some flexibility to schedule him to speak on another date if that coincides with his schedule - ie. he's going to be in NY or DC and can just do a quick stop in Philadelphia.
I've attached the agenda that discusses a typical schedule for Zwieg.
<< File: Zwieg Sample Agenda.doc >>
Michele Nezi Marvin
Enron Principal Investments
713.853.6848 | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Dustin Collins/HOU/ECT on 03/19/2001
03:54 AM ---------------------------
Dustin Collins
03/18/2001 04:09 AM
To: Kayne Coulter/HOU/ECT@ECT
cc:
Subject: EnPower Access
Kayne, I am still unable to access "Trade Agent" and "EnPower". Can you
please let me know if can get me passwords?
Thanks! | {
"pile_set_name": "Enron Emails"
} |
Bonnie White is the attorney. I have already called her to find out what our collection process is (if any). I know some guys named Guido and Mario who'll be happy to do it for 50% of the money. I'll let you know what I find out.
kh
-----Original Message-----
From: Watson, Kimberly
Sent: Monday, October 22, 2001 10:54 AM
To: Hyatt, Kevin
Subject: FW: Oasis Dairy Farms Judgement
Kevin,
Who in legal have you been working with? Tracy was wondering when we thought we would receive the money.
Thanks, Kim.
-----Original Message-----
From: Geaccone, Tracy
Sent: Monday, October 22, 2001 10:34 AM
To: Watson, Kimberly
Subject: RE: Oasis Dairy Farms Judgement
Any idea when or if we will receive the money?
-----Original Message-----
From: Watson, Kimberly
Sent: Sunday, October 21, 2001 3:33 PM
To: Moore, Jan; Geaccone, Tracy
Subject: FW: Oasis Dairy Farms Judgement
FYI, Kim.
-----Original Message-----
From: Hyatt, Kevin
Sent: Wednesday, October 10, 2001 9:54 AM
To: Moseley, Debbie; Watson, Kimberly; Cherry, Paul
Cc: Gadd, Eric; Harris, Steven
Subject: Oasis Dairy Farms Judgement
Earlier this year I requested that the Enron litigation unit file suit against Oasis Dairy for collection of unpaid transport bills on TW. The suit was filed in the fifth judicial district court in Chaves County, NM.
On October 1, 2001, TW was granted summary judgement in the case by the court in the amount of $29,250.56 inclusive of back interest and attorney fees. This amount will continue to accrue interest at 8.75% per annum until paid by Oasis.
If you would like a copy of the judgement, please let me know.
kh | {
"pile_set_name": "Enron Emails"
} |
Hey Pat,
I've done some research on the actuals that you make reference to (Vectren).
Enron's sale with Heartland Steel is at the interconnect between Midwestern Gas Transmission and Vectren (formerly know as Indiana Gas). The actual volumes that you are reporting and consider to be your monthly actuals are volumes that I believe are behind Vectren's city gate (which means that you more than likely have an imbalance on Vectren's system). This bears checking with Vectren, regarding an imbalance behind their gate. You should be receiving some type of statement or invoice from Vectren.
Per the contract, Enron uses the Midwestern Gas Transmission (pipeline statement) to actualize our monthly invoices to you.
I've attempted to draw a diagram for you to make it as clear as I can.
Let's talk!
_________________________________________XXXX_______________________________________________________________________________XXX
Midwestern Gas Pipeline Interconnect b/t Vectren (this pipe owned by Vectren) Heartland Steel Facility
& Midwestern Gas Pipeline (Burner Tip)
-----Original Message-----
From: Mims, Patrice L.
Sent: Monday, October 15, 2001 3:31 PM
To: '[email protected]'
Subject: FW: Heartland Steel/CSN
Hi Pat,
I spoke with our attorney this afternoon, and he is in the process of contacting your attorney. It appears that the bill of sale that your attorney had sent to Enron, did not specifically address the agreement that Enron and Heartland Steel entered into. Long story, short, our attorney is following up with to obtain documents that contain this provision.
Thanks
-----Original Message-----
From: Mims, Patrice L.
Sent: Friday, October 12, 2001 1:03 PM
To: '[email protected]'
Subject: Heartland Steel/CSN
Hi Pat,
Just a note to recap our recent and ongoing discussions regarding the disposition of the Heartland Steel and CSN agreements:
At this point, Enron's Legal Department has requested documentation from CSN that substantiates the fact that CSN did purchase Heartland Steel. I have contacted your legal counsel, Mr. Tarter, and obtained information that will hopefully satisfy Enron's request. The next step for me is to meet with my legal staff on Monday, October 15, 2001 to determine the following:
1) Is the relationship between Heartland Steel and Enron completely severed?
2) Do we come up with a brand new pricing and deal structure with CSN, or does the existing structure with Heartland Steel remain in place?
Once, these determinations have been made, we'll follow up with the necessary legal documents.
I'm hoping to have resolution to these entire process by early next week.
Talk to you then.
P.S. As a notional indicator, November, 2001 pricing for Chicago city gate delivered volume (which is comparable to your location) would be estimated at NYMEX (currently $2.41) plus approximately $0.10.
Please keep in mind that the NYMEX price changes on a second-by-second basis, and this will impact your price. | {
"pile_set_name": "Enron Emails"
} |
Thanks!
Stacey
-----Original Message-----
From: Lee, Norman
Sent: Monday, October 15, 2001 10:41 AM
To: White, Stacey W.
Cc: Hu, Wei
Subject: RE: New instrument type code from ENPower
Dear Stacey,
Wei's email is about how to capture Power PortCalc positions and P&L into the RiskTrac ( VATR) system. Both Spread Option and Index-Option's positions are stored in two columns in the VATR result table, whereas an Option deal would be in one column only, so Wei has to treat Index-Option the same as Spread Option in capturing the numbers.
Regards,
Norman.
-----Original Message-----
From: White, Stacey W.
Sent: Monday, October 15, 2001 9:25 AM
To: Lee, Norman
Subject: FW: New instrument type code from ENPower
I understand all the following except the Index-Option. Why would it be treated as a Spread-Option?
Stacey
-----Original Message-----
From: Hayden, Frank
Sent: Wednesday, October 10, 2001 6:48 PM
To: White, Stacey W.
Subject: FW: New instrument type code from ENPower
Are you okay with this?
-----Original Message-----
From: Hu, Wei
Sent: Wednesday, October 10, 2001 5:29 PM
To: Hayden, Frank
Cc: Ramesh, Ganapathy
Subject: New instrument type code from ENPower
Frank,
We were just informed by Norman Lee's group that ENPower is going to put out a new instrument type code called 'TRANSMISSION' and it basically is a kind of SPREADOPTION, so we will modify the code and capture them as SPREADOPTION.
Also we were told that we should handle one existing instrument type code INDEX-OPTION as SPREADOPTION too. INDEX-OPTION has been captured as OPTION so far. We will also make the code change for this.
Anytime when ENPower introduces new instrument type code in the future, we need to be informed because there are 15 - 20 instruemnt type codes existing in ENPower system and we need to convert them into one of the six instrument type codes in RisktRAC.
I am going to make the changes tomorrow.
Regards,
Wei | {
"pile_set_name": "Enron Emails"
} |
--____________________________Next
Content-Type: text/plain
Rewards Newsletter
November 19, 2001
Issue Number 32
Dear Brad,
Home for the holidays? Home from work? Homing in on great Rewards for
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and friends to be together. One great way to reward yourself this
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<!--Deployed By cutroni 11.16.2001 17:13:32 Log#:20011116171325_22095_cutroni--> | {
"pile_set_name": "Enron Emails"
} |
Lara: I can attend both of these events. I do need directions to the exact
location of the campus career fair, however. Thanks.
Beth: FYI...I still plan to participate on the New York recruiting team.
Just thought I could also help out on the local front, if needed.
-----Original Message-----
From: Berry, Lara Marie
Sent: Friday, January 12, 2001 8:50 AM
To: Ciscon, Larry; Stephen Stock/HOU/ECT@ENRON; Elizondo, Rudy; Bryan
Powell/HOU/ECT@ENRON; Cinelli, Steve; Cleverly, Scott; Easley, Karen;
Reynolds, Steven; Wei, Zhiyong; Elrod, Hal; Deborah Long/HOU/ECT@ENRON; Wong,
Joe
Cc: Beth Perlman/HOU/ECT@ENRON; Kean, Steven; Scholl, Steven; Berry, Lara
Marie; Berry, Lara Marie; Dillingham, Geynille; Dillingham, Geynille
Subject: RE: GTT - Rice University Spring Recruiting Events
It has been brought to my attention that some people may not have been able
to view the boxes, so I am sending this, again. If you still cannot view the
buttons, please feel free to send me an e-mail with the dates that you are
available.
Thanks!
Lara
Hello Rice IT campus team! Here are the events at Rice this Spring for the
Global Technology Track. If you do not have outlook (or do not see buttons
attached), please send a note to Lara Marie Berry with the events that you
would like to attend.
Thanks!
Ashley
3-3589
---------------------- Forwarded by Ashley Baxter/Corp/Enron on 01/11/2001
02:18 PM ---------------------------
<< OLE Object: Picture (Device Independent Bitmap) >>
Lara Marie Berry
01/09/2001 01:56 PM
To: Ashley Baxter/Corp/Enron@Enron
cc:
Subject: GTT - Rice University Spring Recruiting Events
Hello! Our recruiting efforts at Rice University are right around the
corner. The purpose of these events is to recruit candidates for The Global
Technology Track. I have included the Rice University recruiting events that
we have scheduled to date. Please click the appropriate buttons below
confirming your availability and return as soon as possible. I will follow
up with an e-mail containing logistics details. I look forward to seeing you
at Rice University.
We will be on campus at the Rice University Career Fair on Tuesday, January
23rd from 2:00 p.m. to 8:00 p.m. If you are able to attend this on-campus
event, please click the button below.
We will be hosting a General Presentation for Rice University candidates on
Wednesday, January 24th. We are finalizing details on this event, however I
anticipate it will take place at Enron in 5C2 in the late afternoon. If you
are able to attend this recruiting event, please click the button below.
Thanks!
Lara Berry
5-8320 | {
"pile_set_name": "Enron Emails"
} |
Kevin,
Vasant and I talked to Clayton about his request for transfer. Clayton
received a conditional approval contingent
upon completion of the current project he works on. Vasant will formulate
exact definition of the deliverables
and we will hold Clayton to it. If he fails to deliver the request for
transfer will be rejected. Anything else
would be highly demoralizing to everybody.
Clayton has so far produced exactly zero (no single output was delivered)
though he was advertising
the projects inside and outside the group as completed. I want you to be
aware of it, because I have
serious doubts regarding Clayton's integrity.
Vince | {
"pile_set_name": "Enron Emails"
} |
Stamp of approval. Mike J. Miller is the right guy from ENA to sign. Please
let me know if you have any trouble getting a signature from any of the
parties.
Thanks,
Mitch
---------------------- Forwarded by Mitch Robinson/Corp/Enron on 12/13/2000
08:06 AM ---------------------------
DeKrey Lynn <[email protected]> on 12/12/2000 04:58:08 PM
To: "Mitch Robinson (E-mail)" <[email protected]>
cc: Monahan Bill <[email protected]>
Subject: FW: Letter agreement
Mitch
This is acceptable, please submit
Lynn DeKrey
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, December 10, 2000 5:05 PM
To: [email protected]
Subject: Letter agreement
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/10/2000 04:08
PM ---------------------------
Kay Mann
12/10/2000 04:03 PM
To: Mitch Robinson/Corp/Enron@Enron, lynn@[email protected], Ross
Newlin/HOU/EES@EES
cc:
Subject: Letter agreement
Gentlemen,
I've revised paragraph 5 to reflect our discussion. Also, I made a change
to paragraph 7 to include technical bulletins per Mitch's request which we
did not discuss on our call.
(See attached file: WestinghouseProposal to Resolve Issues on Enron - Dec10
SWPC.doc)
Please let me know if you have any questions or comments.
Kay
713 345 7566
- WestinghouseProposal to Resolve Issues on Enron - Dec10 SWPC.doc | {
"pile_set_name": "Enron Emails"
} |
Cynthia,
All of the deals below have been rebooked except for the one in red. For
some reason I can't find the counterparty in the system. You may want to
check and see if it has been set up yet, if it has let me know the proper
name (I may be looking for the wrong counterparty) and I will rebook it as
well.
Thanks,
Susan
09/11/2000 12:12 PM
Cynthia Gin
Cynthia Gin
Cynthia Gin
09/11/2000 12:12 PM
09/11/2000 12:12 PM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: New Counterparty Set Ups
Hi Susan:
Can you set up the counterparties for the
following missing deals?
NW8878 legs 5-8
NW8903 legs 5-6
NW9742 legs 3-4
NW9790 legs 1-2, 4
NX1037 legs 1-2
NX3659 legs 1-4
NX3790 legs 1-4
I don't know what you're schedule is and I
know that you're probably really busy. But,
let me know when you would be able to
set these up. These are the leftover deals
from that original list that I submitted to you.
Thanks for all your help! I am pulling across
all the new ones that you set up for me last week.
I really appreciate it! | {
"pile_set_name": "Enron Emails"
} |
Attached please find Order Enforcing Subpoena signed today, 7/20/01.
Thank you.
jane
Jane Chen
Brobeck, Phleger & Harrison, LLP
Assistant to Gary Fergus & Kirstin Wolf
SF ext. 2944
SF rm. 2917c
DD (415) 979-2944
Order.Enforcing.Subpoena.GRANTED.7.20.01..pdf
<<Order.Enforcing.Subpoena.GRANTED.7.20.01..pdf>>
=======================================================
This email message is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply email and destroy all copies of the original message.
To reply to our email administrator directly, send an email to [email protected]
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com
- Order.Enforcing.Subpoena.GRANTED.7.20.01..pdf | {
"pile_set_name": "Enron Emails"
} |
>
> > GUEST OF HONOR: Jesus Christ
> >
> > DATE: Every day. Traditionally, December 25,
> > but He's always around, so the date is flexible.
> >
> > TIME: Whenever you're ready. Please don't be
> > too late though, or you'll miss out on all the fun.
> >
> > PLACE: In your heart. He'll meet you
> > there-you'll hear Him knock.
> >
> > ATTIRE: Come as you are. Grubbies are okay
> > as He'll be washing our clothes anyway. He said
> > something about new white robes and crowns for
> > everyone who stays till the last.
> >
> > TICKETS: Admission is free. He's already paid for
> > everyone. He says you wouldn't have been able to
> > afford it - it's cost Him everything He had!
> >
> > REFRESHMENTS: New wine, bread and a far-out
> > drink He calls "living water." This will be followed by
> > a supper, that promises to be out of this world!!
> >
> > GIFT SUGGESTIONS: Your heart. He's one of those
> > people who already has everything else. (He's very
> > generous in return though - just wait until you see what
> > He has for you !
> >
> > ENTERTAINMENT: Joy, Peace, Truth, Light, Life,
> > Love, Real Happiness, Communion with God,
> > Forgiveness, Miracles, Healing, Power, Eternity in
> > Paradise.......and much more! (All rated "G" so
> > bring your family and friends)
> >
> > RSVP: Very Important! He must know ahead,
> > so He can reserve a spot for you at the table.
> > Also, he's keeping a list of His friends for future
> > reference. He calls it the "Lamb's Book of Life."
> >
> > PARTY GIVEN BY: His Kids. That's us! Hope To
> > See You There! Let us rejoice and be glad and
> > give him glory! For the wedding of the Lamb has come,
> > and his bride has made herself ready. Fine linen,
> > bright and clean, was given her to wear. (Fine linen
> > stands for the righteous acts of the saints)
> > Blessed are those who are invited to the
> > wedding supper of the Lamb!
> > --Revelation 19:7-9
> >
> > ALL OF YOU WHO WILL BE THERE-PLEASE
> > SHARE THIS INVITATION WITH SOMEONE ELSE.
> > | {
"pile_set_name": "Enron Emails"
} |
Tim, please provide Jana with your choice of person ASAP.
Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/12/2000
06:35 PM ---------------------------
From: Jana Giovannini 10/12/2000 02:44 PM
To: David W Delainey/HOU/ECT@ECT
cc: Charlene Jackson/Corp/Enron@ENRON, Shelly Butler/HOU/ECT@ECT, Julie
Braly/NA/Enron@ENRON, David Oxley/HOU/ECT@ECT, Teresa
Bosien/HR/Corp/Enron@ENRON, Janet R Dietrich/HOU/ECT@ECT
Subject: PRC Rep and Pre-rating meeting
Dave,
I am following up on the voicemail I left you on Thursday October 5th,
requesting a recommendation for a Director to represent Analysts at the final
2000 PRC. Due to promotions and additions to the Associate and Analyst
Programs, we have an additional slot for the Analyst PRC that we would like
to fill with an ENA participant. This will keep the distribution throughout
the business units equitable. I understand from Charlene that you have asked
Janet Dietrich to nominate the PRC Rep.
We would like to finalize this by Friday, October 13th in order to load the
PEP system and communicate to the A/A pool members. Please forward your
choice for ENA representation to me by this date or contact me to discuss.
Also, I know that there have been discussions between Terry Bosien, David
Oxley, Andrea Yowman and others to schedule ENA's pre-rating meeting prior to
the final A/A PRC which has been scheduled for December 12th and 13th. We
must have the pre-ratings loaded into the PEP system prior to these dates and
hope they can be final by November 30th. These results are imperative to a
successful cross-calibration in the final PRC meeting. We already have dates
set for the EES and ESA meetings. I will be glad to attend the Associate and
Analyst piece of ENA's PRC meetings to assist in facilitation. Please advise
when the ENA pre-rating meeting is scheduled. Thank you for your cooperation. | {
"pile_set_name": "Enron Emails"
} |
Power Trader Tied to Bush Finds Washington All Ears
The New York Times, 05/25/01
Enron Unit's Cline on Dispute With Indian Province: Comment
Bloomberg, 05/25/01
U.S. Energy Regulator May Be Replaced, New York Times Reports
Bloomberg, 05/25/01
Energy Antics: Oh, Behave!
Los Angeles Times, 05/25/01
Lockyer comes out swinging at oilman / Davis has plenty of company in depths
of poll
The San Francisco Chronicle, 05/25/01
Latest move in dispute threatens Enron project
Houston Chronicle, 05/25/01
Indian State Moves To End Power Pact With Enron's Dabhol
The Wall Street Journal, 05/25/01
Markets / Your Money Dow, Nasdaq Make Modest Gains Wall St.: Politics and
economic concerns weigh down some stocks prior to slated talk by Fed Chairman
Alan Greenspan.
Los Angeles Times, 05/25/01
Dot-coms may be down and out, but the internet is still transforming
corporations
The Globe and Mail, 05/25/01
India Enron Panel Lacks Authority to Solve Dispute, Expert Says
Bloomberg, 05/25/01
India's Negotiator Gokak on Dispute With Enron Unit: Comment
Bloomberg, 05/25/01
India Govt: State Bd To Likely Pay Dabhol Apr Elec Bill
Dow Jones Energy Service, 05/25/01
PGE sees gains despite power costs
Associated Press Newswires, 05/25/01
India: Pachauri rejects Godbole's remarks
Business Line (The Hindu), 05/25/01
India: India, Australia sign pact on energy, mining
Business Line (The Hindu), 05/25/01
India: MSEB slaps notice on DPC
Business Line (The Hindu), 05/25/01
AUSTRALIAN FIRMS EYE INDIAN POWER AND MINING SECTOR
Asia Pulse, 05/25/01
Bechtels out if dues not paid by May 31
The Economic Times, 05/25/01
Govt in a fix over asking NTPC to take over Dabhol
Business Standard, 05/25/01
MSEB rescinds Dabhol PPA
Business Standard, 05/25/01
USA: Business school grads rediscover energy business.
Reuters English News Service, 05/24/01
State utility cancels agreement Enron power purchase pact
Associated Press Newswires, 05/24/01
El Paso's Chairman to Testify in Gas-Price Hearing (Update1)
Bloomberg, 05/24/01
National Desk; Section A
Power Trader Tied to Bush Finds Washington All Ears
By LOWELL BERGMAN and JEFF GERTH
05/25/2001
The New York Times
Page 1, Column 1
c. 2001 New York Times Company
Curtis Hebert Jr., Washington's top electricity regulator, said he had barely
settled into his new job this year when he had an unsettling telephone
conversation with Kenneth L. Lay, the head of the nation's largest
electricity trader, the Enron Corporation.
Mr. Hebert, chairman of the Federal Energy Regulatory Commission, said that
Mr. Lay, a close friend of President Bush's, offered him a deal: If he
changed his views on electricity deregulation, Enron would continue to
support him in his new job.
Mr. Hebert (pronounced A-bear) recalled that Mr. Lay prodded him to back a
national push for retail competition in the energy business and a faster pace
in opening up access to the electricity transmission grid to companies like
Enron.
Mr. Hebert said he refused the offer. ''I was offended,'' he recalled, though
he said he knew of Mr. Lay's influence in Washington and thought the refusal
could put his job in jeopardy.
Asked about the conversation, Mr. Lay praised Mr. Hebert, but recalled it
differently. ''I remember him requesting'' Enron's support at the White
House, he said of Mr. Hebert. Mr. Lay said he had ''very possibly'' discussed
issues relating to the commission's authority over access to the grid.
As to Mr. Hebert's job, Mr. Lay said he told the chairman that ''the final
decision on this was going to be the president's, certainly not ours.''
Though the accounts of the discussion differ, that it took place at all
illustrates Enron's considerable influence in Washington, especially at the
commission, the agency authorized to ensure fair prices in the nation's
wholesale electricity and natural gas markets, Enron's main business.
Mr. Lay has been one of Mr. Bush's largest campaign contributors, and no
other energy company gave more money to Republican causes last year than
Enron.
And it appears that Mr. Hebert may soon be replaced as the commission's
chairman, according to Vice President Dick Cheney, the Bush administration's
point man on energy policy.
Mr. Lay has weighed in on candidates for other commission posts, supplying
President Bush's chief personnel adviser with a list of preferred candidates.
One Florida utility regulator who hoped for but did not receive an
appointment as a commissioner said he had been ''interviewed'' by Mr. Lay.
Mr. Lay also had access to the team writing the White House's energy report,
which embraces several initiatives and issues dear to Enron.
The report's recommendations include finding ways to give the federal
government more power over electricity transmission networks, a longtime goal
of the company that was spelled out in a memorandum Mr. Lay discussed during
a 30-minute meeting earlier this spring with Mr. Cheney.
Mr. Cheney's report includes much of what Mr. Lay advocated during their
meeting, documents show. Both men deny discussing commission personnel issues
during their talk. But Mr. Lay had an unusual opportunity to make his case
about candidates in writing and in person to Mr. Bush's personnel adviser,
Clay Johnson. And when Mr. Bush picked nominees to fill two vacant Republican
slots on the five-member commission, they both had the backing of Enron, as
well as other companies.
Mr. Lay is not shy about voicing his opinion or flexing his political muscle.
He has transformed the Houston-based Enron from a sleepy natural-gas company
into a $100 billion energy giant with global reach, trading electricity in
all corners of the world and owning a multibillion-dollar power project in
India. He has also led the push to deregulate the nation's electricity
markets.
Senior Bush administration officials said they welcomed Mr. Lay's input but
did not always embrace it: President Bush backed away from curbing
carbon-dioxide emissions, an effort supported by Enron, which had looked to
trade emission rights as part of its energy business.
''We'll make decisions based on what we think makes sound public policy,''
Mr. Cheney said in an interview, not what ''Enron thinks.''
The Bush-Lay bond traces back to Mr. Bush's father and involves a personal
and philosophical affinity. Moreover, Enron and its executives gave $2.4
million to federal candidates in the last election, more than any other
energy company. While some of that went to Democrats, 72 percent went to
Republicans, according to an analysis of election records by the Center for
Responsive Politics, a nonprofit group.
''He's for a lot of things we're for,'' said Mr. Johnson.
But when it came to deciding on nominees for the commission, Mr. Johnson said
that Mr. Lay's views were not that crucial. The two most important advisers,
he said, were Andrew Lundquist, the director of Mr. Cheney's energy task
force, and Pat Wood 3rd, the head of the Texas public utility commission.
As governor, Mr. Bush named Mr. Wood to the utility commission. This year,
when the White House filled the two Republican slots on the federal agency,
Mr. Wood was the first choice, Mr. Johnson said.
Consumer advocates and business executives praise Mr. Wood. But Mr. Lay also
had a role in promoting him. Shortly after Mr. Bush was elected governor in
1994, Mr. Lay sent him a letter endorsing Mr. Wood as the ''best qualified''
person for the Texas commission.
In all, there are five seats on the commission, two held by Republicans, two
by Democrats and one held by a chairman who serves at the pleasure of the
president. Mr. Hebert, who became a commissioner in 1997, was named chairman
by Mr. Bush in January.
The Federal Energy Regulatory Commission's mandate to ensure fair prices in
wholesale electricity and natural gas markets makes it crucial to sellers
like Enron as well as consumers.
The movement toward deregulation sometimes leaves the commission caught in a
tug of war: power marketers like Enron are trying to break into markets and
grids controlled by old-line utilities, which operate under state regulation.
The commission's chairman has considerable latitude in setting its agenda.
As part of its oversight of the wholesale electricity markets, the commission
ordered several companies to refund what it considered excessively high
prices this year in California. One lesser offender named in the commission's
public filings -- $3.2 million, of a total of $125 million -- was an Enron
subsidiary in Oregon.
Enron owns few generating assets, but buys and sells electricity in the
market. Many of those transactions resemble the complicated risk-shifting
techniques used by Wall Street for financial instruments.
Mr. Hebert, after he became chairman, initiated an examination into the
effects those techniques have on the electricity markets. ''One of our
problems is that we do not have the expertise to truly unravel the complex
arbitrage activities of a company like Enron,'' he said, adding, ''we're
trying to do it now, and we may have some results soon.''
William L. Massey, one of the agency's two Democratic commissioners, said he
supported the inquiry but had not been aware of it -- an indication of the
chairman's ability to set the commission's agenda.
Finally, the commission is trying to speed the pace of electricity
deregulation by opening up the nation's transmission grid, much of which is
owned by privately owned utilities that enjoy retail monopolies. Some Enron
officials say the commission has been moving too slowly to open the grid.
They attribute some of the problem to utilities. But they also fault Mr.
Hebert.
''Hebert still has undeserved confidence in some of the vertically integrated
companies coming to the table and dealing openly'' with transmission access
issues, said Richard S. Shapiro, an Enron senior vice president.
The utilities, however, maintain that they provide cheap and reliable service
for their customers. Washington lobbyists for one Southern utility said that
Enron was really interested in focusing on the utility's big-business
clients, which under state regulation pay higher rates than residential
customers.
Since 1996, about half the states have moved to open their retail markets to
competition, and the commission has begun to make it easier for outsiders to
use the nation's transmission grid. But the promise of cheaper rates has been
largely unfulfilled. So the push for more deregulation, in which Enron has
been a leader, has slowed, especially when California's flawed program led to
skyrocketing rates and chaotic markets.
Mr. Hebert is a free-market conservative who favors deregulation but also
recognizes the importance of state's rights. A former Mississippi regulator,
he is a protege of Trent Lott, the Senate Republican leader from Mississippi.
Mr. Hebert said Mr. Lott was instrumental in his nomination to the commission
in 1997 by President Clinton.
President Bush elevated Mr. Hebert to chairman on Inauguration Day, a move
Mr. Lay said he told the White House he supported.
Mr. Johnson, the White House personnel chief, said that Mr. Lott and Mr.
Hebert had both been told that Mr. Hebert could remain chairman at least
until the administration's nominees -- Mr. Wood and Nora Brownell, a
Pennsylvania utility regulator -- are confirmed by the full Senate. The
Senate energy committee voted earlier this week to approve the two nominees,
after a hearing last week indicated strong support.
It is widely expected that President Bush will name Mr. Wood to replace Mr.
Hebert as chairman after the Senate acts.
In an interview for a forthcoming episode of ''Frontline,'' the PBS series,
Mr. Cheney suggested as much. ''Pat Wood's got to be the new chairman of the
F.E.R.C., and he'll have to address'' various problems in the electricity
markets, he said.
Mr. Hebert said that no one had told him he was being replaced. If someone
else is named chairman, Mr. Hebert can remain a commissioner until the end of
his term, which expires in 2004.
It was a few weeks after President Bush made him chairman that Mr. Hebert
said he spoke by telephone with Mr. Lay.
Mr. Lay told him that ''he and Enron would like to support me as chairman,
but we would have to agree on principles'' involving the commission's role in
expanding electricity competition, Mr. Hebert said of the conversation.
A senior commission official who was in Mr. Hebert's office during the
conversation said Mr. Hebert rebuffed Mr. Lay's offer of a quid pro quo. The
official said that he heard Mr. Hebert's side of the conversation and then,
after the call ended, learned the rest from him.
Mr. Hebert said that he, too, backed competition but did not think the
commission had the legal authority to tell states what to do in this area.
Concerning the issue of opening transmission access through the creation of
regional networks, Mr. Hebert supports a voluntary process while Enron seeks
a faster and more compulsory system.
Mr. Lay said that while he might have discussed issues relating to the
commission's authority concerning access to the grid, ''there was never any
intent'' to link that or any other issue to Mr. Hebert's job status.
The commission is a quasijudicial agency, so decision-makers like Mr. Hebert
must avoid private discussions about specific matters pending before the
commission. Mr. Hebert and Mr. Lay both said that line was not crossed, but
Mr. Hebert said he had never had such a blunt talk with an energy-industry
executive.
Mr. Lay added that his few recent conversations with Mr. Hebert were nothing
special. ''We had a lot of access during the Clinton administration,'' he
said.
And he said that while making political contributions ''probably helps'' to
gain access to an official, he made them ''because I'm supporting candidates
I strongly believe in.''
Last June, Enron executives were asked to make voluntary donations to the
company's political action committee. The solicitation letter noted that the
company faced a range of governmental issues, including electricity
deregulation.
This year, some people who sought but did not get nominations to the
commission said that Mr. Lay and Enron had had a role in the process.
One was Joe Garcia, a former Florida utilities regulator and prominent
Cuban-American activist. He said he had been ''interviewed'' by a few Enron
officials, including Mr. Lay, who he said had not been as ''forceful or
insistent'' as the other Enron officials.
But in their conversation, Mr. Garcia said, Mr. Lay made clear that he would
be visiting the White House, adding that ''everyone knew of his relationship
and his importance.''
Mr. Johnson, the White House personnel chief, could not cite another company
besides Enron that sent him a list of preferred candidates for the
commission, but he remembered hearing the views of Tom Kuhn, who heads the
utility industry trade group, the Edison Electric Institute. Mr. Kuhn was a
classmate of Mr. Johnson and Mr. Bush at Yale.
As for his conversation with Mr. Garcia, Mr. Lay said he was comfortable with
his candidacy but ''I'm not sure what I told him about my friends at the
White House.''
This article is part of a joint reporting project with the PBS series
''Frontline,'' which will broadcast a documentary about California's energy
crisis on June 5.
Photos: Kenneth L. Lay, left, chairman of the country's largest energy
trader, and Curtis Hebert Jr., chairman of the Federal Energy Regulatory
Commission, differ in their accounts of a conversation about energy
deregulation. (Photographs courtesy WGBH/''Frontline'')(pg. A18)
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron Unit's Cline on Dispute With Indian Province: Comment
2001-05-25 03:53 (New York)
New Delhi, May 25 (Bloomberg) -- Wade Cline, managing
director of Enron Corp.'s Dabhol Power Co., on the dispute with
the western Indian province of Maharashtra over dues. He was
speaking to reporters in New Delhi after meeting A.K. Basu,
secretary to the ministry of power.
``We won't renegotiate on the basis of the Godbole committee
report. We are going back to Maharashtra tomorrow to work on the
problem.''
Dabhol Power said yesterday the Maharashtra State Electricity
Board, its sole customer, served notice that it's canceling their
seven-year-old power purchase contract.
The notice came six days after Dabhol gave the board a
``preliminary termination notice'' because of an unresolved six-
month dispute over bills owed by the board.
Madhav Godbole, also the Indian government's chief negotiator
in the current dispute, headed a committee set up by the
Maharashtra provincial government to suggest ways to lower the
cost of power supplied by Dabhol.
U.S. Energy Regulator May Be Replaced, New York Times Reports
2001-05-25 06:04 (New York)
Washington, May 25 (Bloomberg) -- Enron Corp. gave more money
to Republican causes last year than any other energy company and
the head of the Federal Energy Regulatory Commission, whose
policies the company object to, may soon be replaced, the New York
Times reported.
Enron Chairman Kenneth Lay objected to Curtis Hebert Jr's
views on electricity deregulation, telling him he would continue
to support the regulator if he changed perspective, the Times
reported. Hebert may soon be ousted, the Times reported Vice
President Dick Cheney as saying.
Lay drew up a shortlist of candidates he would like to see
named as Hebert's replacement, the Times said. One Florida utility
regulator who hoped to win the job was interviewed by Lay, it
added.
``We'll make decisions based on what we think makes sound
public policy,'' Cheney told the Times. The decision won't be
based on what ``Enron thinks.''
California; Editorial Writers Desk
Energy Antics: Oh, Behave!
05/25/2001
Los Angeles Times
Home Edition
B-14
Copyright 2001 / The Times Mirror Company
Admit it: The only comic relief in this energy crisis has been watching our
leaders go at suppliers and each other like pro wrestlers or Jerry Springer
guests.
In his State of the State address last January, Gov. Gray Davis accused the
big private electric power generators of legalized highway robbery and
threatened to seize their plants if necessary. Then he really got angry,
calling them "the biggest snakes in the world." This past week, Atty. Gen.
Bill Lockyer boosted the rhetoric a notch by declaring he would like to
personally escort the chairman of Enron Corp. "to an 8-by-10 cell that he
could share with a tattooed dude who says, 'Hi, my name is Spike, honey."'
Meanwhile, President Bush and Vice President Dick Cheney have blamed
California for causing its own problems with a "harebrained" deregulation
scheme and mocked the state's power purchases and conservation programs. It's
been fun. Now it's time for our leaders to act like adults.
Davis and Bush always will have their political differences, but the
economies of both the state and the nation are endangered by California's
energy situation. These leaders need to work together as cooperatively as
possible, starting next week when Bush makes his first visit to California as
president.
Davis wrote Bush Wednesday offering to meet with him during his California
visit. Bush spokesman Ari Fleischer said the president looks forward to
discussing energy and other issues. Good start. Let's hope the conversation
is civil and that the civility spreads.
No matter how much California has been abused by the power companies, and it
absolutely has, the state still needs them to help solve the crisis caused by
shortages of electric power generation this year and next. Usually, the
biggest targets of official and public wrath are the investor-owned utilities
such as Southern California Edison and Pacific Gas & Electric Co. But not
this time because, in the view of the state, the utilities have been bled dry
by the power generators' stratospheric prices. The state had to take over the
purchase of power when the generators refused to extend any more credit to
Edison and PG&E. Legal recourse should be pursued, but the threatening
rhetoric needs to subside.
State lawmakers are right to be upset with the White House for refusing to
use its authority to set reasonable temporary wholesale price controls. And
Davis is justifiably upset with Bush and with Cheney, who said the only
solution was to build more power plants--ignoring the fact that the state is
building 10 plants now, with five more on the way, and that the only way to
control wholesale power rates is for Washington to cap them.
If the state hadn't bought the power, the generators would have let the
lights go out. Davis needs to deliver that message, quietly and persuasively,
while Bush is in California. And Bush needs to listen respectfully, like an
adult.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
NEWS
MATIER & ROSS
Lockyer comes out swinging at oilman / Davis has plenty of company in depths
of poll
Phillip Matier, Andrew Ross
05/25/2001
The San Francisco Chronicle
FINAL
A.21
(Copyright 2001)
The reaction from Gov. Gray Davis' camp to yesterday's poll showing him in
the dumper was quick and blunt.
"Tell me something I don't already know," adviser Paul Maslin said after
being hit with the news that the latest Field Poll showed Davis' job rating
down 18 points since January.
"None of this is news to us," Maslin said.
Heck, these days even nuclear power is more popular than Davis.
But to Maslin, who has been watching his client's popularity drop with every
rolling blackout, the question isn't how Davis is doing today. It's how he
looks in a year and a half when he faces re- election that counts.
And on that score, Davis & Co. seem to be oddly relieved at all the bad poll
numbers that have come out this week.
Because while their guy is definitely in trouble, everyone else is even
deeper in trouble -- especially George W. Bush.
The only announced Republicans running for governor -- Secretary of State
Bill Jones and businessman William Simon Jr. -- aren't even the first picks
of GOP voters.
That honor goes to outgoing Los Angeles Mayor Richard Riordan -- who actually
does very well when matched up against Davis. In fact, if he ran, the polls
show it would be a dead heat.
At this point, however, the only person who seems to think the 72- year-old
Riordan is going to run is his good San Francisco buddy and adviser Clint
Reilly, who has been spending a lot of time in Los Angeles of late.
As for a challenge to Davis from within Democratic ranks?
Well, the most frequently mentioned possibles -- Attorney General Bill
Lockyer and Treasurer Phil Angelides -- both trail Davis in job performance
ratings.
There was one interesting twist that wasn't in the Field Poll.
From what we hear, an energy company recently did a survey of its own that
included a matchup between Davis and Sen. Dianne Feinstein, of all people.
The result: DiFi cleans Gray's clock.
RAIDER REVENGE: The Oakland Raiders may be eating more than crow after losing
their big lawsuit against the National Football League.
They may also have to eat upwards of $10 million in lawyers fees - - and not
just for their own lawyers.
It turns out that under NFL rules, they may also get socked with the bills
for hundreds of hours of depositions, expert witnesses and the NFL's team of
eight to 10 lawyers who charged an average of $350 to $400 an hour.
Not to mention all those weeks the legal team was holed up at Los Angeles'
tony Omni Hotel on Bunker Hill fighting the Raiders' claim to the Los Angeles
market.
And just to add further insult, Commissioner Paul Tagliabue says league
owners haven't ruled out fining and suspending Raiders' boss Al Davis for
bringing his lawsuit against the NFL in the first place.
The Raiders are still considering whether to appeal this week's jury verdict
-- a roll of the dice that would further drive up the legal tab if the team
comes up craps.
As for the odds that Tagliabue might give Davis a pass on paying the league's
trial costs?
"Not a prayer," says one lawyer on the case.
On the other hand, Big Al could always sue them back.
FUNNY NUMBERS: The question of whether there are 3,600 "unaccounted for"
votes from November's election isn't the only funny thing going on down at
the San Francisco Department of Elections.
There's the department's spend-happy ways as well.
"Unbelievable," was how Budget Analyst Harvey Rose summed up the department's
recent request: $1.4 million so it can move from its digs in the basement of
City Hall to a $678,000-a-year office space on Market Street.
All in the name of "efficiency," of course.
THE WILD ZONE: The World Wildlife Fund held its first-ever West Coast
fund-raiser last weekend at the new Presidio park.
The $1,000-a-head fund-raiser, which featured the band B-52's, drew upwards
of 1,200 partygoers to a pair of lavishly decorated hangars -- and included
honorary chairwoman Lauren Hutton, comic Drew Carey and a bevy of local and
New York socialites.
Presiding over it all was World Wildlife Fund chairman Bill Reilly, who also
happens to be a member of the Presidio Trust board that oversees the park.
We're happy to report that unlike University High's Decorator Showcase --
which has its own board connections and is getting free rent at the Presidio
-- the World Wildlife Fund ponied up $10,600 in rent.
Not a bad investment, considering that the party brought in close to
$700,000, according to event organizers.
QUOTE OF THE WEEK: State Attorney General Bill Lockyer has never been known
as a loose cannon, so when he told the Wall Street Journal this week that he
would love to personally escort Enron Corp. Chairman Kenneth Lay into "an
8-by-10 cell that he could share with a tattooed dude who says, 'Hi, my name
is Spike, honey,' " more than a few eyes popped wide.
So what's up?
"I want these generators in Texas and elsewhere to know that we are coming
after them," Lockyer tells us. "And we're not talking about a 10-year fight
to get our money back -- if we have the facts right, we're going to put them
in prison."
Besides, Lockyer says, his "missile" wasn't really meant for "home
consumption" -- rather, it was aimed at the Big Money crowd back East.
PHOTO (2); Caption: (1) Al Davis, (2) Gray Davis
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
May 25, 2001
Houston Chronicle
Latest move in dispute threatens Enron project
By MICHAEL DAVIS
Copyright 2001 Houston Chronicle
Indian officials have upped the ante in the standoff with Enron Corp. over
unpaid power bills at the Houston company's Dabhol Power project. The latest
wrinkle in the longstanding dispute raises questions about the future of the
beleaguered $3 billion project.
Enron received notice Thursday from its sole customer, the Maharashtra State
Electricity Board, that it was canceling a 7-year-old power purchase
agreement.
The board has refused to pay for power from the plant, saying the bills
should be lower because Enron is not living up to its contract. Indian
officials say Enron is not supplying power at full capacity within three
hours of being restarted after a shutdown, as required by the deal.
Enron responded with a statement describing the move as a "deliberate attempt
to further delay the resolution of difficult issues" confronting the board.
Termination of the project at this late stage could trigger an estimated $2
billion in future obligations by India's state and federal governments.
This latest round in the battle capped off a week of turmoil between the
Houston company and Indian political officials over the project.
Last weekend, Enron started proceedings to end the contract by serving the
board a "preliminary termination notice" because of large unpaid power bills.
Enron is owed about $64 million for power sold in December and January.
Then Wednesday, a negotiator trying to resolve the payment dispute between
the company and the electricity board resigned and then retracted his
resignation the same day.
The standoff between Enron and the electricity board and Indian politicians
is expected to continue into next week, when formal negotiations are
scheduled to begin.
Enron is maintaining that the board does not have the right to cancel the
agreement on the grounds it has stated.
There has been speculation that Enron is looking to sell its 65 percent share
of the project, and this latest round of fighting has revived that talk. The
company has answered such questions in the past by saying it is committed to
the project.
"Even if this is resolved, Enron still wants to free itself altogether from
this investment," said Carol Coale, energy analyst with Prudential Securities
in Houston. "What investors are afraid of is a write-off. Enron has $850
million in equity in the project; the rest is debt."
Currently, the first phase of the project is running at about 37 percent
capacity and providing Enron with a 5 percent return on its investment, Coale
said. That ranks it among the company's poorest-performing investments.
Finding a buyer that would pay fair value for the plant with all of its
political baggage could be difficult. Potential buyers are believed to be
Reliance, one of India's largest industrial concerns, or China Light & Power.
India's federal and state governments have guaranteed the payment for power
from the plant as well as loans for the project, the largest single foreign
investment in India.
An Enron spokesman in India described the board's latest move as a "long
shot."
"We have said for some time that there was going to be a lot of noise
associated with this and legal maneuvering," Enron spokesman John Ambler
said. "The odds of this being successful are very small."
Enron is committed to working out a resolution to the dispute, Ambler said,
and is helping to find credit-worthy electric customers that might be able to
step in and buy power that the state of Maharashtra does not need.
Enron has faced ongoing problems in India, almost from the time of its
initial investment in the project in the early 1990s.
In 1995 the state government, then headed by the Hindu ultranationalist party
Shiv Sena, scrapped the project, saying the price of its power was too high.
The project was idled in the midst of the construction of the first phase,
costing Enron an estimated $100,000 a day while work was halted. The project
was eventually restarted after voters chose another slate of politicians in
the region.
The project's first phase of 740 megawatts is on line. The second phase of
1,444 megawatts is scheduled to go into operation later this year, but Ambler
would not confirm when it will actually start operating, if at all.
International
Indian State Moves To End Power Pact With Enron's Dabhol
05/25/2001
The Wall Street Journal
A12
(Copyright (c) 2001, Dow Jones & Company, Inc.)
NEW DELHI -- The sole customer of Enron Corp.'s troubled power project in
India said it is rescinding its contract to buy electricity from the company,
escalating the bitter fight between the two sides over unpaid bills.
The project, Dabhol Power Corp., said it received a letter from the
Maharashtra State Electricity Board announcing the move. But Dabhol said in a
statement that the board "does not have the right to rescind the
[power-purchase agreement] as attempted in their letter." The chairman of the
state electricity board wasn't available to comment.
The $3 billion Dabhol project, India's largest foreign investment, is under
attack by critics who say its rates are too high. Dabhol disputes that claim.
The electricity board's action puts Dabhol in the position of defending a
contract that it, too, has recently indicated a willingness to abandon. About
a week ago, Dabhol gave notice it was formally initiating a procedure to
cancel the contract in six months if the dispute isn't resolved. Dabhol says
it is owed $48 million in unpaid bills by the electricity board. The
electricity board, in turn, claims the bills are offset by millions of
dollars in fines that Dabhol owes due to service lapses.
Dabhol holds guarantees from India's central government to cover bill
defaults, and the government has said it wants to help find a resolution to
the standoff. A meeting with government officials is set for Tuesday, and
Dabhol has said it is interested in hearing about prospects for selling power
to other customers.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Business; Financial Desk
Markets / Your Money Dow, Nasdaq Make Modest Gains Wall St.: Politics and
economic concerns weigh down some stocks prior to slated talk by Fed Chairman
Alan Greenspan.
From Associated Press
05/25/2001
Los Angeles Times
Home Edition
C-4
Copyright 2001 / The Times Mirror Company
Stocks ended an uneven session with moderate gains Thursday as investors
vacillated between optimism and fear about the economy. The market also was
trying to determine the effect of the change in leadership in the Senate.
The Dow Jones industrial average closed up 16.91 points, or 0.2%, at
11,122.42 after falling 60 points earlier in the session.
Wall Street's broader indicators followed the Dow's path, advancing late in
the session. The Nasdaq composite index rose 38.54 points, or 1.7%, to
2,282.02, while the Standard & Poor's 500 index moved up 4.12 points, or
0.3%, to 1,293.17.
Thursday's trading was choppy from the start when Vermont Sen. James M.
Jeffords announced, as expected, that he is leaving the Republican Party to
become an independent, ending GOP control of the Senate.
"Everyone is sort of going through their own analysis of what effect the
change in the legislature is going to have for various sectors in the
market," said Charles White, portfolio manager for Avatar Associates.
But analysts said the market's fluctuation mostly came amid unease over the
health of the economy. Investors were trading cautiously ahead of a speech
Federal Reserve Chairman Alan Greenspan was scheduled to deliver Thursday
night before the Economic Club of New York.
"The next quarter or two are going to be weak," White said. "We already know
that. What we want to hear from the Fed chairman tonight is that the fourth
quarter is going to bring recovery. "The reason we have been rallying
[recently] is on the hopes and dreams of the fourth quarter."
Adding to investors' nervousness about the economy were weak housing and
employment news. The Commerce Department reported that new-home sales posted
their largest decline in four years in April as rising layoffs made Americans
feel less secure about making big-ticket purchases.
And the Labor Department said new claims for state unemployment insurance
rose more sharply last week than analysts expected.
It was more difficult to gauge precisely how Jeffords' move was affecting
Wall Street, where some profit taking had been expected following the
market's big run-up since early last month. Stocks have advanced primarily
because of the five interest rate cuts by the Fed this year.
The Dow has jumped 1,732.94 points, an 18.5% increase, from its March low of
9,389.48. Nasdaq has gained 643.22, or 39%, from its April 4 low of 1,638.80.
The market can't be expected to sustain such upward momentum as long as
investors have reason to worry about the economy, said Alan Ackerman,
executive vice president of Fahnestock & Co.
"The averages moved too far too fast without any real strong earnings
development," Ackerman said. "The market has overreacted to the cumulative
Fed rate cuts."
The economy and politics aside, stocks still managed to post widespread
gains. Microsoft rose $2.02 to $71.72, and General Motors advanced $1.41 to
$56.59. Home Depot moved up 83 cents to $53.45, and Intel rose 41 cents to
$29.21.
However, analysts said politics pulled down pharmaceutical and energy shares,
sectors that typically benefit from a Republican Congress. Merck dropped
$1.50 to $72.50 and Enron fell $1.19 to $54.16.
The slowing economy hurt makers of semiconductor equipment, which reported
late Tuesday that customer orders for April dropped 41% from March. Triquint
Semiconductor plunged $4.22 to $20.59.
Advancing issues traded about evenly with decliners on the New York Stock
Exchange, where consolidated volume was slightly below Wednesday's trading
pace.
*
Market Roundup, C6, C7
GRAPHIC-CHART: Daily Diary: Thursday, May 24, 2001;
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Report on Business Magazine
DIGITAL ECONOMY
Dot-coms may be down and out, but the internet is still transforming
corporations
DON TAPSCOTT
05/25/2001
The Globe and Mail
Metro
27
"All material Copyright (c) Bell Globemedia Publishing Inc. and its
licensors. All rights reserved."
The pendulum of irrational exuberance of 18 to 36 months ago is swinging back
to irrational orthodoxy. Typical is Harvard competitiveness guru Michael
Porter's article in the March issue of Harvard Business Review, "Strategy and
the Internet," in which he joins the chorus exhorting business leaders to
"return to fundamentals" and abandon misguided thoughts of new business
models or e-business strategies.
Porter's line of reasoning is this: The internet arrived. Many companies
attempted to build businesses based on the net. They were called dot-coms.
Most crashed and burned. Therefore, building a company based on the net is
foolhardy.
Porter asserts that "the experiences companies have had with the internet
thus far must be largely discounted and that many of the lessons learned must
be forgotten." Success in today's economy "does not require a radically new
approach." Companies should stick to their time-tested processes, using the
net as a "complement to traditional ways of competing."
Porter divides the world into two camps: the dot-com zealots and the
traditionalists like him. The former raved about web site stickiness and
first-mover advantage, while the latter support concepts such as value
creation, differentiation and profitability. And we can all see who won.
Framed this way, much of Porter's reasoning seems rock solid. After all, who
can defend the dot-com recklessness of 1999 and early 2000? Our grandchildren
will marvel at the era of insta-billionaires and IPO frenzy. But even after a
3,000-point Nasdaq plunge, must we inescapably conclude, as Porter argues,
that the internet is more or less inconsequential?
The answer is, no. Porter's analysis falls short for two key reasons. First,
he grossly underestimates what the internet is and where it is headed.
Second, he doesn't understand its impact on the nature of the firm.
On the first point, Porter maintains the net is just "the latest stage in the
ongoing evolution of information technology." Porter makes the all-too-common
mistake in assuming that today's internet--a network connecting desktop
computers--is basically the same as tomorrow's.
This, of course, is nonsense. The net continues to soar in ubiquity,
bandwidth and function. More than one billion people will be on-line by 2005.
It is the means not only by which computers will connect, but the mechanism
by which individuals and organizations will collaborate, exchange money and
conduct transactions. Mobile computing devices, broadband access, wireless
networks, and computing power embedded in everything from refrigerators to
automobiles are converging into a global network. All other communications
technologies, such as telephone, radio and television, are being sucked into
the net's maw.
The internet of tomorrow will be as dramatic a change from the internet of
today as today's internet is from the primitive, unconnected, proprietary
computing networks of yesterday.
This leads to Porter's second major error. He fails to appreciate that this
complex and ever-expanding communications medium will precipitate deep and
profound changes to the structures of successful businesses.
The 20th-century corporation did everything-it was vertically integrated.
This model worked best because the costs and difficulties of collaborating
with partners outside the firm were greater than performing such activities
inside the corporate walls.
But the digital economy is bringing forward myriad new models-fluid
congregations of businesses, sometimes tightly structured, sometimes
amorphous-that use the net to create value for customers in unprecedented
ways. These new models are possible because the net smashes the costs of
partnering. Companies can now focus on their core capabilities and partner to
do the rest. When done properly, such business webs create better and less
costly products and services than the old corporation.
Established businesses such as Enron, Citibank, American Airlines, Nortel,
Schwab and many product divisions of GE are now transforming themselves by
partnering in areas that were previously unthinkable. Boeing CEO Phil Condit
calls his company a systems integrator, not an aircraft manufacturer. IBM is
a computer company that doesn't make its computers-its partner network does.
Newer companies based on the internet, such as eBay, Travelocity and E*Trade,
are competing well despite volatility in their stock prices. Napster is
causing chaos in the music industry and forcing every company to rethink its
value. Linux and the open-source movement pose a huge threat to Microsoft.
And this is just the beginning.
Yet Porter continues to champion the old, vertically integrated model, and
his HBR article criticizes corporations for partnering. But we can already
see that the traditional model is an increasingly less effective vehicle. It
is akin to entering a Formula One race with a golf cart. No matter how
well-built and skillfully driven, it will never win.
Don Tapscott is chair of itemus (www.itemus.com) and co-author of Digital
Capital. He can be reached at [email protected]
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
India Enron Panel Lacks Authority to Solve Dispute, Expert Says
2001-05-25 07:16 (New York)
India Enron Panel Lacks Authority to Solve Dispute, Expert Says
Mumbai, May 25 (Bloomberg) -- Indian negotiators lack the
authority to solve a dispute that has shut down Enron Corp.'s $3
billion power plant, India's single biggest foreign investment,
said a former member of the negotiating committee.
The negotiators will meet Enron officials on Tuesday next
week, though any proposals made will not be binding on either
Dabhol Power Co., 65 percent owned by Enron, and the Maharashtra
State Electricity Board, the official said. Maharashtra, Dabhol's
sole customer, has refused to pay some of its power bills.
``Where is the guarantee Enron and the government will accept
what the committee recommends,'' said R.K. Pachauri, director-
general at the Tata Energy Research Institute, a research
organization. Pachauri said he quit the committee because it was
being asked to renegotiate the project, when it was set up to
solve the payment dispute.
Maharashtra yesterday served Dabhol notice canceling the
power purchase contract, six days after Dabhol gave the board
notice it was set to pull out of the project in six months.
The board has refused to pay Dabhol 3 billion rupees for
power supplied in December and January, saying the bills should
reflect a 4 billion rupee penalty it imposed on the company Jan.
28 for failing to supply power at full capacity.
Meeting
Other India officials said the two parties can't afford not
to negotiate as there is too much at stake.
Mahrashtra and Dabhol serving each other notices is ``simply
legal maneuvering,'' said Kirit Parikh, an economist on the prime
minister's economic advisory council.
``It won't affect the process of finding a solution because
``the ground reality is neither Enron nor Maharashtra can afford
not to find a compromise'' to the dispute, Parikh said.
The government needs a solution as it could be left footing
the bill.
India's federal and state governments, which have guaranteed
the board's payments for power and some of the loans to help fund
the project, may have to pay Dabhol more than 170 billion rupees
($3.6 billion) if it terminates the 2,184 megawatt power project.
``We are going back to Maharashtra tomorrow to work on the
problem.'' Dabhol managing director Wade Cline said. Cline was in
New Delhi to meet A. K. Basu, secretary to the ministry of power.
India's Negotiator Gokak on Dispute With Enron Unit: Comment
2001-05-25 05:35 (New York)
Mumbai, May 25 (Bloomberg) -- A.V. Gokak, the Indian federal
government's nominee in discussions with Enron Corp.'s Dabhol
Power Co. on a dispute over dues with the western province of
Maharashtra, on the next meeting of the negotiating panel.
``According to me, the committee is still there. Till the
committee is formally dissolved we exist.''
Dabhol Power said yesterday the Maharashtra State Electricity
Board, its sole customer, served notice that it's canceling their
seven-year-old power purchase contract.
``I have been told even today that the meeting is as
scheduled on May 29 and I will be there to attend it.
``There have been any number of instances where such
developments take place and the committee continues its
negotiation.''
India Govt: State Bd To Likely Pay Dabhol Apr Elec Bill
05/25/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
NEW DELHI -(Dow Jones)- India's Maharashtra State Electricity Board is likely
to pay its electricity bill for April to U.S. energy major Enron Corp.'s
(ENE) Indian unit, Dabhol Power Co., a senior Power Ministry official said
Friday.
"My understanding is that MSEB will pay up its bill for April to Dabhol Power
under protest," the official said without elaborating.
Jimmy Mogal, Enron India's spokesman declined to comment on the size of the
April bill. MSEB Chairman Vinay Bansal wasn't available for comment.
Media reports have speculated that the bill was around 1.37 billion Indian
rupees ($1=INR46.95).
Dabhol has come under fire because of the relatively high cost of its power.
Critics object to Dabhol charging INR7.1 rupees a kilowatt-hour, compared
with INR1.5/KWh charged by other suppliers.
The $3 billion Dabhol project has been mired in financial disputes since its
main customer, the Maharashtra State Electricity Board, has failed to pay
several of its bills.
DPC confirmed Thursday that the MSEB has declared its contract to purchase
power from the US$3 billion Dabhol plant null and void, but it said the move
by its client was without merit.
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9427;
[email protected]
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
PGE sees gains despite power costs
05/25/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.
PORTLAND, Ore. (AP) - Power prices may have hit an all-time high, but
Portland General Electric showed record revenues in the first part of the
2001.
With earnings of $43 million for the quarter ended March 31, a 10 percent
increase from year-ago levels, PGE clearly has stepped-up sales activity as
wholesale electricity prices have surged.
Utility officials have told state regulators that if the good times continue,
they will share some of the benefits with customers through credits or
refunds.
But the cost of buying electricity for 728,000 Oregon customers has climbed
dramatically, and the volatility casts doubt on the possibility of refunds
for PGE customers this fall.
PGE's quarterly report showed revenue from wholesale power sales rose to $480
million, three times the posting for the same period a year earlier.
"We were able to do fairly well," said James Piro, chief financial officer
for PGE.
But costs also climbed dramatically. Because PGE's power plants produce less
than half the electricity needed to serve the utility's residential and
business customers, it buys power on the same high-priced markets into which
it sells. It also buys natural gas to fuel some of its generators - an
increasingly expensive commodity.
The costs of electricity and fuel totaled $582 million for the quarter ended
March 31, almost twice PGE's tab for the same period of 2000.
PGE's success on the wholesale market involved luck as well as trading savvy.
The utility anticipated a cold winter, along with the increase in demand, and
bought an extra cushion of electricity supplies. When the season proved
unusually mild, PGE found itself with a surplus to sell. Because prices were
on the rise, PGE benefited from subsequent trades.
Dry weather, however, is cutting into PGE's hydropower resources, and
wholesale prices are easing slightly. These conditions could crimp PGE's
ability to continue to profit from power sales and hold down earnings.
On the other hand, if a heat wave sweeps through the region and PGE still has
extra power to sell outside Oregon - to the Southwest, for example - sales
revenue could surge as prices rise.
Under a plan approved by regulators to help deal with volatile electricity
markets, PGE will track all power costs incurred from January through
September. If costs exceed certain levels, a rate increase will result. If
profits exceed certain thresholds, refunds will occur.
Whether increase or refund, regulatory review is required.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
India: Pachauri rejects Godbole's remarks
05/25/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire
NEW DELHI, May 24. DR R.K. Pachauri, a member of the Review Committee set up
by the Maharashtra Government on the Dabhol controversy, has voiced his
concern on a fellow member's recent statement in a leading national daily on
the issue.
In a press statement released here, Dr Pachauri has contended Mr Godbole's
statement that, "The committee has also suggested that the judicial enquiry,
headed by a service or a retired Supreme Court judge should be initiated as
soon as possible."
According to Dr Pachauri, this statement needs to be seen in the context of
the fact that three out of the five members in the committee recorded their
strong dissent with this view. "Can the view of two members of the committee,
clearly a minority, be read as 'the committee has also suggested...'," Dr
Pachauri has argued.
According to him, "Can a judicial enquiry really force Enron back to the
negotiating table?"
In the press statement, he has thrown up several other questions -Can the
Maharashtra Government renegotiate a deal with Enron if a judicial enquiry is
in progress, and would the public accept any such deal till the enquiry is
over? And till it is over, the Maharashtra Government would continue to run
up huge bills even as the State is unable to absorb the power generated by
Dabhol.
Our Bureau
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
India: India, Australia sign pact on energy, mining
05/25/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire
NEW DELHI, May 24. INDIA and Australia have signed a protocol for
strengthening bilateral cooperation in the areas of mining, power,
non-conventional energy sources and coal. The protocol followed two days of
deliberations by the Indo-Australia Joint Working Group on Energy and
Minerals set up in 1999.
After the signing ceremony here on Thursday, the leader of the Australian
delegation, Mr Tim Mackey, Deputy Chief Executive Officer, Department of
Industry, Science and Resources, said that a lot of investments from
Australia may flow into India following the recent policy changes initiated
by the Indian Government.
There are potential opportunities for enhanced cooperation between the
private sectors of the two countries, he said and added that there will be at
least three joint venture projects coming up in the power sector, some in LNG
and gas pipelines and a few technology transfers.
In view of the ongoing controversy about Enron Corporation's Dabhol power
project, Mr Mackey said that Australian companies are not bothered with the
controversy and it will not have any impact on their entry into the Indian
power sector.
He said that there are three proposals for supplying of liquefied natural gas
(LNG) to potential terminals in the eastern coast of India involving
investments worth $3 billion.
Australian firm Woodside, he said, is a partner in Dakshin Bharat Energy
Consortium Ltd selected by Tamil Nadu Industrial Development Corporation
(TIDCO) to establish an LNG terminal at Ennore.
Another Australian firm - Broken Hill Proprietaries (BHP) - to set up an LNG
terminal in the eastern coast for which the spot is yet to be identified. BHP
also has plans to enter the power sector in India.
The head of the Indian team, Dr Aruna Bagchee, Joint Secretary, Ministry of
Mines, said that this second meeting of the joint working group has yielded
very positive results in terms of enhancing bilateral ties between the two
countries and will go a long way in promoting Australian business community
to come and explore the opportunities thrown open in India's mining sector.
Australia has agreed to assist in enhancing the capacities of Indian mining
regulatory and developmental oriental organisations like the Indian Bureau of
Mines and the Geological Survey of India to strengthen customer and
user-friendly basic data.
The next meeting of the joint working committee will be held in Sydney next
year.
Our Bureau
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
India: MSEB slaps notice on DPC
05/25/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire
MUMBAI, May 24. THE Maharashtra State Electricity Board (MSEB) today issued a
legal notice to Enron under the Indian Contract Act, claiming the power
purchase agreement (PPA) with Dabhol Power Company (DPC) as "void".
In the notice, MSEB has said it had been forced to "rescind" the PPA with DPC
and is "avoiding" the contract. DPC had "misrepresented material facts" while
drawing up the PPA and hence it is "no more bound by the contract", it said.
The notice, which has been served under Section 19 of the Indian Contract
Act, claims misrepresentation in performance of the plant as per clauses 6
and 7 under schedule 6 of the PPA.
A senior MSEB official said, "we were expecting a certain level of
performance from the plant. The contract was entered into as per assurance
about a certain level of plant performance from DPC, which we found to be a
misrepresentation. We are now exercising the option under Indian law of
avoiding the contract."
"MSEB does not have the right to rescind the PPA as attempted in their
letter," DPC said in a statement issued here.
" It would appear that MSEB's notice is a deliberate attempt to further delay
the resolution of difficult issues confronting MSEB. The board has chosen an
obscure and improper justification for attempting to rescind a contract that,
in any event, was signed more than seven years ago. In any case, this basis
and many of MSEB's related claims are already subject of a pending
arbitration initiated by DPC."
According to the MSEB official, although DPC is free to contest the notice,
they can do so only in Indian courts.
The relevant clauses of the PPA relate to making power available at full
capacity within three hours. MSEB has been claiming that DPC has not been
generating power at full capacity and had slapped three penalties of Rs 400
crore each. It had also sought that its bills be adjusted against the amount.
The issue had led to protracted quarrels between DPC and MSEB which ended up
in conciliation, arbitration and now, finally, the termination notices.
According to State Government sources, Enron had an inkling of what was
coming. They also hinted that it could have prompted DPC to serve the
preliminary termination notice (PTN). Banking sources too said the company
had "feared" that MSEB may serve a termination notice.
The board official said MSEB would henceforth not be under any obligation to
buy power from DPC. "But since the plant cannot be shut down, we have offered
to purchase power as per the PPA. Of course, they too are not obligated to
supply power," he said.
The legal notice is, however, not likely to affect the renegotiation.
Dr Madhav Godbole, Chairman of the renegotiation panel, told Business Line
that the legal notice would not affect the normal course of the proceedings.
"The two processes would continue alongside," Dr Godbole said.
* * *
Centre awaits negotiations
NEW DELHI, May 24. THE Centre is willing to consider any worthwhile idea
emerging out of the negotiating committee for the settlement of the dispute
between Dabhol Power and MSEB, according to the Union Power Minister, Mr
Suresh Prabhu.
An official release issued today states that any such proposal has to be
acceptable to both the MSEB as well as the DPC.
Industry sources, however, point out that the Centre's stated position is not
likely to provide a breakthrough since the Centre has endorsed a
consensus-driven approach with its involvement restricted to the
participation of its member Mr A.V. Gokak in the negotiating committee.
A meeting between Dabhol Power Company and Ministry of Power is slated to be
held on Friday following DPC's request to the meet the Power Secretary, Mr
A.K. Basu.
Our Bureau
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
AUSTRALIAN FIRMS EYE INDIAN POWER AND MINING SECTOR
05/25/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.
NEW DELHI, May 25 Asia Pulse - The Enron controversy notwithstanding, the
Australian transnational companies plan to invest US$3 billion in the Indian
energy sector over the coming years.
This was announced at the end of two-day meeting of India-Australia Joint
Working Group on Mines and Energy, here.
"Our companies plan to invest $3 billion in the energy sector over the next
few years", Tim Mckey, Head of the Australian delegation said here.
On the mining front Mckey announced that Australian firms were interested in
investing in development of science and technology for cleaning up mines.
Indian delegation headed by Aruna Bagchee, the Joint Secretary (Mines),
briefed the Australian counterparts about the recent changes in the
investment policies aimed at atrracting foreign direct investment.
The meeting also discussed possibilities of cooperation in other areas like
non conventional energy sources.
The working group has identified specific proposals for follow up action
including a projects for mineral processing and benefication of minerals.
(PTI) 25-05 1051
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Bechtels out if dues not paid by May 31
Anto T Joseph
05/25/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)
FRUSTRATED by a series of payment defaults, US-based Bechtel has threatened
the Enron-promoted Dabhol Power Company that it will withdraw from the
controversial project by May 31, if its dues are not paid.
In a letter written to DPC, Bechtel which is the EPC contractor for the 2,184
mega-watt project and also a minority stake holder (10 per cent) in DPC has
said it was stopping civil work at the site in coastal Maharashtra.
Sources from financial institutions said that the unit I of the projects
phase-II, which was slated to be operational commercially by June, will not
be ready by then, after Bechtel stopped work at the site. Around 10 to 15 per
cent of the work is yet to be completed, sources added.
Both Bechtel and DPC refused to comment on these developments. FI sources
said the issue will be discussed threadbare at the meeting in New Delhi on
Friday called by the Centre.
While Bechtel issued the May 31 deadline to DPC to make its outstanding
payments, lenders have refused to bail out the project with any further debt
disbursements.
The preliminary termination notice issued by the cash-starved DPC has
compounded the matter, according to FI sources.
The ongoing payment impasse, involving MSEB and the state and central
governments, has resulted in delays in payments to vendors for the second
phase of the power project.
On May 2, Aric Oakf, project director of Bechtel India, had said his company
was concerned about the payment defaults. He had said that the company was
exploring various options as per the EPC contract.
On May 3, the Economic Times had reported that Bechtel was considering
pulling out of the project. Though there were defaults and delays in payment,
the company had continued with the construction work at the site.
Sources said DPC was not in a position to change the situation, unless
lenders soften their stance and start funds disbursal. The lenders have held
back around $250 million payment out of the committed debt, after the project
ran into a series of controversies.
Bechtel, one of the largest engineering construction firms in the world, has
set up more than 450 power plants, installed more than 6,800 kilometers of
high voltage transmission lines, and is the leading builder of independent
power projects worldwide.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Govt in a fix over asking NTPC to take over Dabhol
Santosh Tiwary & P Vaidyanathan Iyer NEW DELHI
05/25/2001
Business Standard
2
Copyright (c) Business Standard
The possibility of National Thermal Power Corporation (NTPC) being roped in
to keep the 2,184 mw Dabhol power project running has been discussed at the
highest level in the government. Enron can sell its 65 per cent stake in the
$1 billion (Rs 4,700 crore) equity of DPC even during the six month period
before the lapse of the preliminary termination notice, according to its PPA
with Maharashtra State Electricity Board. The sale however will have to be
routed through the MSEB.
The government however faces a major dilemma over asking NTPC to take over
the project given the political ramifications of the move which could be
construed by other states as direct bailing out of Maharashtra, sources said.
Given the composition of the Vajpayee-led NDA government, any move towards
taking over Dabhol through NTPC would immediately invite the ire of other
strong allies including Andhra Pradesh chief minister N Chandrababu Naidu.
Several IPPs in Andhra Pradesh and other states are still awaiting financial
closure. Sources said though NTPC's involvement in DPC at present was not
advisable, they noted that the Rs 19,220-crore public sector Navratna had all
the resources and expertise to chip in if Enron exited. With NTPC having
piled up huge reserves of over Rs 15,000 crore, shelling out $ 650 million
(Rs 3,055 crore) to acquire Enron's 65 per cent stake will not be a big deal
if the Centre gives a green signal. Besides, NTPC also has expertise in
handling dual-fuel projects based on gas and naphtha. They said NTPC had
seven such gas/naphtha-based projects including Anta, Auriaya, Kawas and
Gandhar. NTPC officials however declined to comment on this issue. The
possibility of a private player picking up Enron's equity in the $ 3 billion
power project has also not been ruled out. Sources said given the fact that
Madhav Godbole committee recommended keeping the project alive, MSEB would
not pose any hurdle in Enron transfering its equity to any serious Indian
private sector company.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
MSEB rescinds Dabhol PPA
Our Regional Bureau MUMBAI
05/25/2001
Business Standard
1
Copyright (c) Business Standard
The Maharashtra State Electricity Board today rescinded the power purchase
agreement (PPA) it had entered into with the Dabhol Power Company (DPC) on
May 23, 1993, in response to the preliminary termination notice (PTN) issued
to it by the power major on Saturday. The notice issued to Enron India
managing director C Wade Kline (dated May 23, 2001) by MSEB chairman Vinay
Bansal said: "We are now convinced that your conduct is not bona fide and as
such we are constrained to rescind the PPA with immediate effect." The MSEB
will file a case tomorrow with the state electricity regulatory commission.
DPC, in a release issued here, confirmed having received the termination
notice and added: "In any case, many of MSEB's related claims are already the
subject of a pending arbitration initiated by DPC. Our arbitration notice of
April 12, 2001, should serve as evidence of our confidence in DPC's legal
position and we expect that the issues in arbitration will be resolved to our
satisfaction." The MSEB notice for its part noted: "On January 28, 2001, to
meet our urgent requirement we instructed you to deliver your fully declared
baseload of 657 mw within three hours. You, however, failed to deliver the
energy required and committed a breach of the PPA. Similar defaults occurred
on February 13 and March 29, 2001." It went on to state: "In the letter
addressed to us after January 28, you (DPC) have admitted that your power
plant does not conform to the PPA and is not capable of meeting the
contractual terms in respect of crucial operating characteristics and dynamic
parameters." MSEB has thus justified the termination of the PPA and pointed
out to DPC that in the above mentioned circumstance it was advised of the PPA
being void at its (MSEB's) option. DPC has been blamed by the state
electricity board of intentionally adopting a non-cooperative attitude and
instead embarking upon a campaign to create confusion and obfuscate issues.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: Business school grads rediscover energy business.
By Carolyn Koo
05/24/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, May 24 (Reuters) - Let's face it. Getting a job in the staid energy
business hasn't exactly been considered the pinnacle of success for ambitious
business school graduates.
Maybe it should be, since a national energy crisis makes conditions ripe for
a resurgence of interest in the industry from both newly minted MBAs and
experienced executives.
At the very least, power companies won't soon go out of business given record
profits for many in the last year at a time when dot-coms and tech companies
are struggling or failing.
"The industry is seen as a growth industry with a lot of happenings, and it's
very newsy," said Randy Wheeless, a spokesman for Duke Energy Corp. , a
traditional North Carolina utility which now trades power all over the
country.
After all, with the advent of deregulation, more financially-oriented jobs
are available. Also, students are more aware of energy issues including
blackouts in California, which have featured prominently in the headlines.
And just last week, President George W. Bush, himself a former oilman,
unveiled a new national energy plan to combat the crisis.
That plan calls for the use of cleaner-burning coal and possibly nuclear
power as well as more traditional fuels like natural gas and could open up
brand-new avenues of employment in the business.
Duke's Wheeless noted that the utility has seen more interest in its openings
and, for that reason, has stepped up its recruiting at college campuses.
That interest stems from factors like "the growth of the industry, which
moves at a very dynamic and aggressive pace," said James Peters, a spokesman
for Mirant Corp. , which markets electricity and natural gas and owns power
plants from North America to Asia.
"The hours are better than investment banking and you get the same kind of
money," he added.
Indeed, the power industry has undergone a sea change. Because of
deregulation, "there are new management opportunities and new trading
opportunities in the electricity and natural gas industries," explained
Stephen Brown, director of energy economics at the Federal Reserve Bank of
Dallas.
Deregulation enabled utilities to engage in the profitable business of
selling wholesale power across borders, opening the way for new opportunities
that cater specifically to the strengths of people with financial
backgrounds.
"The new merchant energy companies have built real dynamic cultures with a
commercial orientation and a market focus," said Ron Lumbra, an executive
director who specializes in the merchant energy field at recruitment firm
Russell Reynolds.
"It's a business where there's a huge component in marketing, trading and
structured transactions," he added.
The MBA curriculum, with its emphasis on finance and risk management, teaches
skills that are transferable to the new needs of energy companies.
"With their skill set, they can go into a number of different areas, like
strategic development, risk management, trading and anything on the
commercial side of the business," noted Kim Pollard, a recruiter at Richard,
Wayne and Roberts.
This new emphasis means that energy companies are beginning to look like
high-tech companies. "There's a real demand for talent," Lumbra said. "And
these companies can compete with any company in any industry."
A prime example of a new energy company is Enron Corp. , which trades
everything from electricity to broadband to weather derivatives. Other names
are Dynegy Inc. ; El Paso Corp. ; and Duke Energy. Mirant, for instance,
recruits students from Duke University, University of Chicago and Rice
University, among others.
Exelon Corp. also stepped up its recruiting efforts three years ago,
according to Caryl Sabine, a consultant at Exelon Power Team, Exelon's
wholesale trading and marketing organization.
During the recruiting season in September, Exelon will target business
schools at Harvard, the Wharton School of the University of Pennsylvania, the
University of Chicago, Cornell University and Carnegie Mellon University,
among others.
New business school graduates aren't the only ones considering a career in
the energy sector either.
Lumbra pointed out that at more senior levels there's also "much more
willingness to discuss a move to the energy business," from a cross-section
of other industries, including professional services, technology companies,
industrial companies and financial services firms.
That's partly because of the attention commanded by the energy crisis, which
has included rolling blackouts in California where deregulation failed. With
millions and even billions of dollars at stake in markets like this,
companies are seeking seasoned executives.
"Energy is not so much a take-for-granted kind of service anymore, where you
just flip a switch or pull up to the gas pump," Lumbra said.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
State utility cancels agreement Enron power purchase pact
By RAMOLA TALWAR BADAM
Associated Press Writer
05/24/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.
BOMBAY, India (AP) - A state-run utility notified the Indian subsidiary of
U.S. power giant Enron Corp. on Thursday that it was canceling an agreement
to buy power from the company and accused the power generator of
misrepresenting its capacity to produce electricity.
The notification comes four days after Dabhol Power Co., Enron's Indian unit,
issued a preliminary notice to the Maharashtra State Electricity Board that
it would stop selling electricity if the government company continued to
default on payments.
Houston-based Enron confirmed it had received MSEB's notice, but said the
utility had no legal right to cancel the purchase agreement.
A top MSEB official told The Associated Press that the plant has failed in
some instances to produce required power within the time frame stipulated in
the 1995 agreement that details the purchase of power from Dabhol.
"Over the last two years it has been established that the plant cannot
achieve this, so the assertions made by Dabhol Power Company earlier were in
the nature of misrepresentation," the official said.
Controversy over the six-year-old power purchase agreement has affected the
$3 billion project, the largest foreign investment ever in India, that is
being set up in Dabhol, 210 miles south of Bombay.
Indian politicians argue that Maharashtra state cannot afford the tariff of
the naphtha-based power plant and have called for renegotiating the purchase
agreement.
While Enron charges MSEB with defaulting on overdue December and January
bills of $48 million, MSEB says this should be offset by an $85.31 million
fine it levied on Enron for not being able to supply power.
Representatives of the federal and state government and the power utility are
currently engaged in talks with Enron officials as part of a six-month
reconciliation process.
Enron described MSEB's notification as a "deliberate attempt" to delay
resolution of the dispute.
"MSEB has chosen an obscure and improper justification for attempting to
rescind the contract," said Dabhol spokesman Jimmy Mogal in a statement.
"It is clear that MSEB does not have the right to rescind the power purchase
agreement as attempted in their letter."
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
El Paso's Chairman to Testify in Gas-Price Hearing (Update1)
2001-05-24 20:39 (New York)
El Paso's Chairman to Testify in Gas-Price Hearing (Update1)
(Adds hearing details from 12th paragraph.)
Washington, May 24 (Bloomberg) -- El Paso Corp. Chairman
William Wise agreed to testify in a federal hearing after the
judge angrily accused another company executive of dodging
questions on whether El Paso officials conspired to manipulate
California natural-gas prices.
Wise wasn't scheduled to testify in the Federal Energy
Regulatory Commission hearing, and El Paso volunteered Wise's
testimony after the judge threatened to subpoena him.
Judge Curtis Wagner lashed out at Executive Vice President
Ralph Eads, also president of El Paso's merchant energy group,
accusing Eads of avoiding the question of whether he sought Wise's
permission to enter into a contract that plaintiffs say was meant
to drive up California gas prices.
``I'm just appalled that you're trying to pull this over my
head,'' Wagner said. ``If I have to subpoena (Wise) ... I am
perfectly willing to do it.''
The judge is examining charges that El Paso's pipeline unit,
El Paso Natural Gas, sold more than a billion cubic feet of
pipeline capacity into California to its merchant energy
subsidiary, which then withheld gas shipments to drive up prices.
Eads previously testified that he and other merchant energy
executives met with Wise to tell him about the imminent contract.
Wise didn't want to hear too many details because of FERC
prohibitions against regulated and unregulated affiliates of the
same company unfairly colluding on contracts, Eads said.
The California Public Utility Commission, PG&E Corp.'s
Pacific Gas & Electric Co. and Edison International's subsidiary
Southern California Edison Co. brought the charges against El
Paso.
The FERC is looking into why the average price of gas has
jumped almost fivefold in California this year compared to a year
earlier, and why prices there are much higher than elsewhere in
the country. Gas is used to fuel many power plants, and the
average price of electricity at the California-Oregon border has
soared more than ninefold this year.
Valentine's Day Meeting
Wagner was particularly concerned about an affidavit by Mark
Mitchell, a former senior vice president with the merchant energy
unit now in charge of South American trading for the company.
Mitchell said the Feb. 14, 2000 meeting with Wise was ``prepared
in an effort to solicit endorsement of Merchant's participation in
the auction'' for the pipeline capacity.
``It seems to me Mr. Wise put his blessing on this,'' Wagner
told Eads. After further questioning, Wagner stated: ``Mr. Wise
did approve it.''
``Yes,'' Eads said.
Wise is expected to testify tomorrow afternoon, and the trial
is expected to continue into next week.
Wagner also released to the public a single comment from a
document El Paso officials contend must remain sealed because it
contains sensitive information about the company's business
practices.
The line, from an April 14, 2000, memo to Wise, reads: ``We
will make money two ways: 1) increase the load factor, 2) widen
the basis spreads.''
Basis Spread
California's regulators and utilities accuse El Paso of
withholding pipeline capacity to drive up the ``basis spread,''
the difference between the price of natural gas sold where it is
produced and the price at the California border. Later, after the
border price rose, the company increased shipping to take
advantage of the high price, they allege.
According to the FERC, spot prices in California were around
$2.50 per thousand cubic feet during most of last year, similar to
the rest of the country. By December, prices had risen to between
$11.79 and $18.80 per thousand cubic feet, while in other regions
they ranged from $4 to $7.
Eads testified that the line from the memo exonerates El Paso
because it shows the company's intent from the beginning to
increase gas shipments to California.
El Paso thought increased gas supplies from Western Canada to
Chicago, imported on a new pipeline, would pull supplies away from
California, raising the basis spread and allowing more gas
shipments, Eads said. Instead, demand in California has taken gas
away from the new pipeline, he said.
The material ``is meaningful in the sense that they actually
realized what they intended,'' Kevin Lipson, representing Southern
California Edison, said in an interview. ``They accomplished what
they set out to do.''
Houston-based El Paso's shares fell $1.51 to $63.50. They
have declined 11 percent this year. | {
"pile_set_name": "Enron Emails"
} |
To all SITARA users:
The SITARA system will be brought down on a nightly basis between 12:01AM -
4:00 AM Central Time for nightly processing.
The system will be available in the morning after that time, with positions
primed by 5:30 AM.
CPR will be available during these times.
Please call the SITARA Hotline ((713) 853-7049) if you have any questions or
concerns. | {
"pile_set_name": "Enron Emails"
} |
JUST A REMINDER:
The answer to the United Way Pre-qualifying Questionnaire need to be turned
in by the end of tomorrow, July 26, 2000.
To find the questionnaire form to submit - see the email sent from the United
Way Campaign 2000, dated 7/19/00.
I encourage you all to participate.
Thanks. | {
"pile_set_name": "Enron Emails"
} |
Corporate Charges
Tracy Geaccone has suggested (and discussed with Terry West in Corporate Planning) that the pipelines be allowed access to the 2002 Plan once it has been loaded in SAP for the Corporate cost centers that bill us. The Plan would be recorded by GL account within each of the applicable cost centers. Corporate prepares a schedule that shows which cost centers bill us, the methodologies used and the amounts billed. It would be quite an undertaking because of the number of Corporate cost centers involved, but each of the pipelines would be able to derive a FERC breakdown using the Plan, plus the schedule from Corporate. The main issue would be manpower. Tracy mentioned the possibility of having one of the associate analysts perform this task, but said that the Plan would not be finalized and loaded until probably the end of November.
Is this an acceptable solution? Do we need a meeting to discuss this further? I am still waiting for return phone calls from Enron Networks and Global Finance. There are just a few Global Finance cost centers that bill us. However, the method proposed above may also be a solution for Enron Networks billings.
Enron Property and Services Corp.
The mandate that these billings be recorded in individual cost centers rather than at a company level originated with Tracy Geaccone with a promise of cost savings to Stan. However, Tracy told me that rather than coding to a cost center, she has requested that the coding be to a FAR order. I told her that would mean multiple FAR orders. Her thinking is that each cost center already has a FAR order. I attempted to describe our use of custom variants. She said that she would work through Bob Chandler. If we intend to continue using the custom variants, it would mean creating a large number of new FAR orders.
Again, is this an acceptable solution? Do we need a meeting to discuss this further? | {
"pile_set_name": "Enron Emails"
} |
Tom,
The conference in New York is held on May 18 and May 19. I can visit Wharton
the day before.
Vince Kaminski
"Piazze, Thomas" <[email protected]> on 04/05/2000 08:40:55 AM
To: "'Vince J Kaminski'" <[email protected]>
cc:
Subject: RE: Test
Vince: I enjoyed talking with you yesterday and look forward to receiving
information relative to your visit to campus.
TOM PIAZZE
> -----Original Message-----
> From: Vince J Kaminski [SMTP:[email protected]]
> Sent: Tuesday, April 04, 2000 4:52 PM
> To: [email protected]
> Subject: Test
>
>
>
> Test
> | {
"pile_set_name": "Enron Emails"
} |
Group,
Just a quick reminder.
When we are notified by the CAISO Generation desk regarding a "waiver" for an Enron managed unit in California, we should notify the services desk if it is during the day, and should email the services desk (and me) if it is after normal work hours. If you have questions please just let me know.
Thanks,
Bill | {
"pile_set_name": "Enron Emails"
} |
Mark and David:
Here is the status of research our counsel in Mexico is doing re online
issues.
Carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/30/2000 08:04 AM -----
"Pablo Perezalonso" <[email protected]>
06/29/2000 07:41 PM
To: [email protected]
cc:
Subject: Re: Update
Carol:
We are working on the questionaire, but we have been delayed. We will have an
initial draft by the middle of next week.
Regards
>>> "Carol St Clair" <[email protected]> 06/29/00 04:41PM >>>
Pablo and Jose:
Could one of you e-mail me with an update of how your review of the online
issues and documents is going and when we may be able to visit about your
views
on these matters? Thanks.
Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
[email protected] | {
"pile_set_name": "Enron Emails"
} |
I believe it was $610. That was (2X$195) + (4X$55). The two I have are Sec 15 Row 18 Seats 1&2.
I meant season tix. But would probably also try to get OU as well. I guess I'm wrestling with the idea of getting them in my name, but I know the seat location would not be very good. I really would like to have 4 season ticket seats together. I have been getting these through you for 6 years now and don't have a problem with just continuing this arrangement. I also wouldn't be opposed to helping with the contribution to the Foundation if you think it would help. Let me know.
DG
-----Original Message-----
From: <[email protected]>@ENRON [mailto:IMCEANOTES-+3Cdavid+2Eplaisance+40us+2Epwcglobal+2Ecom+3E+40ENRON@ENRON.com]
Sent: Monday, August 27, 2001 2:24 PM
To: Giron, Darron C.
Subject: RE: Season tix are in
Darron - sorry - My hard drive crashed two weeks ago and I lost my records
of who did what and how much. Good news is I should get my restoration
back this week. Tell me what your OU seats were so I can pair them with
seats close by, or exchange them for four together.
I vaguely remember us talking about OU. Do you remember how much you paid
me?
When you say two additional tix for next season, do you mean season and OU
or just one or the other? The only way you can get more OU seats than your
season tix is if someone else in the group doesn't want to buy OU tix with
their season tix.
I'm glad they arrived so quickly.
We'll get it worked out
d
[email protected] on 08/27/2001 12:38:47 PM
To: David Plaisance/US/FAS/PwC@FAS
cc:
Subject: RE: Season tix are in
I just got the tickets. Thanks for sending them. I paid for 4 OU tickets,
could you only get me 2? Let me know. I also wanted to ask you about the
possibility of getting 2 additional tickets for next season. I know you
get quite a few each year, but don't know if you have extras available.
Thanks again.
DG
-----Original Message-----
From: <[email protected]>@ENRON
[mailto:IMCEANOTES-+3Cdavid+2Eplaisance+40us+2Epwcglobal+2Ecom+3E+40ENRON@ENRON.com]
Sent: Wednesday, August 22, 2001 11:37 AM
To: Giron, Darron C.
Subject: RE: Season tix are in
OU tix are in!
We'll work out leaving the tix for you under the mat, unless you'd like
me
to fedex them to you. Let me know
d
[email protected] on 08/22/2001 10:42:07 AM
To: David Plaisance/US/FAS/PwC@FAS
cc:
Subject: RE: Season tix are in
It looks like we won't make it to Austin before the 1st. I'll probably
just ask you to leave the tix under your front door matt on the day of
the
NMSU game and we will stop by to pick them up. I will verify this with
you
next week. I can't believe the season is already upon us. Any word on
OU?
Thanks
DG
-----Original Message-----
From: <[email protected]>@ENRON
[mailto:IMCEANOTES-+3Cdavid+2Eplaisance+40us+2Epwcglobal+2Ecom+3E+40ENRON@ENRON.com]
Sent: Monday, July 23, 2001 9:47 AM
To: Giron, Darron C.
Subject: RE: Season tix are in
Sorry I misspelled your name again. Just let me know when. They'll
be
here
d
[email protected] on 07/23/2001 09:37:06 AM
To: David Plaisance/FAS/Price Waterhouse@FAS
cc:
Subject: RE: Season tix are in
I may be in Austin later this summer. I'm in no hurry to get the
tickets.
If you will, please hang on to them and I'll advise at a later date.
Thanks.
DG
-----Original Message-----
From: <[email protected]>@ENRON
[mailto:IMCEANOTES-+3Cdavid+2Eplaisance+40us+2Epwcglobal+2Ecom+3E+40ENRON@ENRON.com]
Sent: Sunday, July 22, 2001 3:17 PM
To: [email protected]
Subject: Season tix are in
Darin - The season tickets are in; OU tickets will be mailed
later.
How
do
you want to pick them up? Any plans to be in Austin, soon?
Regards
David
512-278-1716 (o)
512-272-5009 (h)
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material. Any review, retransmission, dissemination or other use of,
or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you
received
this in error, please contact the sender and delete the material from
any
computer.
**********************************************************************
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.
**********************************************************************
----------------------------------------------------------------
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you
received
this in error, please contact the sender and delete the material from
any
computer.
----------------------------------------------------------------
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer. | {
"pile_set_name": "Enron Emails"
} |
It looks as though this did not go through the first time. My apologies for
the delay.
Lisa G. Henneberry
Squire, Sanders & Dempsey L.L.P.
1201 Pennsylvania Avenue, N.W.
Washington, D.C. 20004
(Tel) 202-626-6640
(Fax) 202-626-6780
[email protected]
www.ssd.com <http://www.ssd.com>
> -----Original Message-----
> From: Henneberry, Lisa G.
> Sent: Sunday, January 14, 2001 10:24 PM
> To: [email protected]; [email protected]; [email protected];
> [email protected]; [email protected]
> Cc: White, Robert I.; Ragals, Jr., William C.; Levey, Kevin S.;
> [email protected]; [email protected]
> Subject: Draft Coop City Term Sheet
>
> Further to our discussions last week, attached is a preliminary draft of
> the term sheets for the development of the Coop City project, including
> indicative terms for EPC, O&M, and Asset Management. Since we haven't yet
> discussed the terms in any significant detail, the attached remains
> somewhat general with respect to some items and includes significant
> assumptions with respect to other. Nonetheless, it is a starting point
> for our discussions next week.
>
> As discussed last week, for the sake of expediency, this draft is being
> distributed simultaneously to all parties and has not been separately
> reviewed by my clients. It therefore remains subject to internal review
> and comment.
>
> Next week's meeting has been scheduled at our offices in New York,
> beginning on Wednesday, January 17 at 1:30 p.m. until Thursday afternoon.
> Our offices are located at:
>
> Squire, Sanders & Dempsey L.L.P.
> 350 Park Avenue, 15th floor
> New York, NY
> Tel: 212-872-9800
> Fax: 212-872-9815
>
> We look forward to seeing you then. In the meantime, should you have any
> questions, please do not hesitate to contact me. Best regards.
>
> <<Co-OpCity-TermSheet-0112.doc>>
>
> Lisa G. Henneberry
> Squire, Sanders & Dempsey L.L.P.
> 1201 Pennsylvania Avenue, N.W.
> Washington, D.C. 20004
> (Tel) 202-626-6640
> (Fax) 202-626-6780
> [email protected]
> www.ssd.com <http://www.ssd.com>
>
- Co-OpCity-TermSheet-0112.doc | {
"pile_set_name": "Enron Emails"
} |
All,
As you are aware that the ERMT database will be migrated to Oracle 8i on Saturday,
September 15. In order to start the process, TAGG/ERMS will be unavailable from
8 p.m. (CST) Friday, September 14 to 10 p.m. (CST) Saturday, September 15.
We request all users of TAGG/ERMS to log-off by 8 p.m. (CST) on Friday, September 14.
If for some reason, you're unable to log-off by 8 p.m. on Friday, September 14, please contact
Francis Lim immediately at pager # (713) 285-7190.
We also request all of our users, both domestic and international, to please test
your regular TAGG/ERMS processes between 10 p.m. (CST) Saturday, September 15 to 2 a.m.
and (CST) Sunday, September 16. If you encounter any problems with TAGG/ERMS during
that timeframe, please contact Francis Lim immediately at pager # (713) 285-7190.
If due to some unforeseen circumstances our users encounter major problems during the testing window of
10 p.m. (CST) September 15 to 2 a.m. (CST) September 16, we will roll-back the ERMT database to the
existing Oracle 7.3.4 version. It is very imperative that our users fully utilize the testing window of 10 p.m.
(CST) September 15 to 2 a.m. (CST) September 16.
Members of the TAGG/ERMS team will also be present on EB2512 to ensure that the database migration
happens smoothly. Please note that if you encounter any problems with your testing on Saturday night,
please contact Francis Lim at pager # (713) 285-7190.
We will immediately communicate to everyone the results of this weekend's database migration.
Thanks so much for your support and cooperation!
With best regards,
Karima Husain
Project Manager, Gas Tactical
(713) 345-7252 | {
"pile_set_name": "Enron Emails"
} |
Suzanne:
Please set up a 1 hour meeting with myself, Claudio (ext. 57690) and Leslie
hansen for next Wednesday to meet about this.
Carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/29/2000 05:13 PM -----
Claudio Ribeiro@ENRON
06/29/2000 02:16 PM
To: Carol St Clair/HOU/ECT@ECT
cc:
Subject: PJM Power Demand
Carol,
I am helping the Weather Desk to develop a new product (PJM Power Demand). It
will initially be traded only internally.
I send you a presentation of the product and its description for EOL.
I think that we should schedule a time, so that we can discuss the product.
Thanks,
Claudio | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Clarissa Garcia/HOU/ECT on 02/24/2000
08:59 AM ---------------------------
[email protected] on 02/23/2000 04:29:18 PM
To: " - *[email protected]" <[email protected]>, " - *[email protected]"
<[email protected]>, " - *[email protected]"
<[email protected]>
cc: " - *Porter, Jeffrey" <[email protected]>, " - *Herzog,
Hans" <[email protected]>, " - *Kinney, Doug"
<[email protected]>, " - *Perrone, Brian"
<[email protected]>, " - *[email protected]"
<[email protected]>
Subject: O&R Parcel #'s Released for Columbia Energy March 00
Hey there Tennessee!
Please forward this to Chris Germany, I am unsure of his correct email
address.
I am forwarding the released parcel #'s for March 00 from O&R:
28015
28016
28017
Thanks! | {
"pile_set_name": "Enron Emails"
} |
We got it covered. It was my fault. | {
"pile_set_name": "Enron Emails"
} |
Kathleen,
Here is the HPL Master with revised Section 8.9 re Warranty. Please review
the agreement again as I have had computer problems to the extent some
revisions have not saved. Please let me know if you have any questions.
Regards,
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
[email protected]
Phone 713-853-7658
Fax 713-646-3490 | {
"pile_set_name": "Enron Emails"
} |
Are you in on the game tonight? | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Eric Bass/HOU/ECT on 03/14/2001 11:47 AM
---------------------------
From: Julie Brewer @ ENRON 03/14/2001 11:27 AM
To: Kam Keiser/HOU/ECT@ECT, Victor Guggenheim/HOU/ECT@ECT, Phillip M
Love/HOU/ECT@ECT, Sandy Olitsky/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
Susan M Scott/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Kara L Boudreau/HOU/ECT, Jean
Bell/HOU/ECT@ECT, Jeff Royed/Corp/Enron@ENRON, Anne Bike/Corp/Enron@Enron,
Errol McLaughlin/Corp/Enron@ENRON, Laura Vargas/Corp/Enron@ENRON, Luchas
Johnson/NA/Enron@Enron, Sherry Dawson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Michelle
Nelson/Corp/Enron, Stewart Range/NA/Enron, Shifali Sharma/NA/Enron, Keynan
Dutton/NA/Enron, Carole Frank/NA/Enron@ENRON, Bruce Mills/Corp/Enron@ENRON,
Veronica Hill/NA/Enron, Bianca Ornelas/NA/Enron@Enron, George Huan/NA/Enron,
Amy Cavazos/NA/Enron@ENRON, Elizabeth Shim/Corp/Enron@ENRON, Ryan
O'Rourke/ENRON@enronXgate, Eric Bass/HOU/ECT@ECT
cc:
Subject: Rebooks
If your name is in the right hand column, please rebook as indicated by
Credit.
Thanks.
Julie Brewer | {
"pile_set_name": "Enron Emails"
} |
I will need to leave the office at approximately 5 pm. Sara | {
"pile_set_name": "Enron Emails"
} |
If you are entering a deal for Harbor, LV Cogen, Willamette, or Saguaro copy
a deal from the DEAL TEMPLATE worksheet on the Services Sheet. These deals
are coded to show our profits. Feel free to change any of the cells except
the BUY PRICE and P L that are highlighted in blue. These cells have
formulas that should not be changed. Make sure that you input the correct
BASIS price as well.
Thanks,
Holden | {
"pile_set_name": "Enron Emails"
} |
Susan:
Rod or Karolina will prepare a credit worksheet for an ISDA Master Agreement
between ETOL and RMT. Jorge has a 3-year rate swap awaiting documentation.
Rod/Karolina: Is there any reason to not use RMT? Is an ETOL sell-off
imminent? If so, would it be in the near term?
Rhett: If an ETOL sell-off (in whole or part) is imminent, should the deal
be booked in ENA rather than RMT?
Jorge: The transaction confirm should be an ISDA format. Also, please
verify whether any ETOL deals are on ENA/RMT books and the remaining terms
Thanks..
Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
[email protected] | {
"pile_set_name": "Enron Emails"
} |
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