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> -----Original Message-----
> From: Modi, Rishi
> Sent: Friday, October 06, 2000 4:59 PM
> To: '[email protected]'
> Cc: Al-Farisi, Omar; Heckler, James
> Subject: Round I Bid List
>
> Don-
>
> Please find attached the updated Round I Bid List.
>
> <<Round I Bids.rtf>>
>
This message is for the named person's use only. It may contain
confidential, proprietary or legally privileged information. No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender. You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks. Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.
- Round I Bids.rtf
|
{
"pile_set_name": "Enron Emails"
}
|
Please take a moment to answer the following eight questions on the Key Leadership Survey. By responding you will help us understand your level of satisfaction with the HR team. The information gathered from this survey will help us measure our performance and add a quantative element to that evaluation. In turn, we can better serve you through improvements in our human resources actions.
This information is for internal use only and will remain confidential.
Please click on the link below.
Experiencing technical problems? If this link does not automatically launch the questionnaire:
1. Launch by copying the link below into your browser, or
2. If you continue to have technical difficulties, please send an email message to EWS human resources (MS Outlook)
3. Please do not forward this link to anyone else, as it is unique for each respondent.
http://etcsurvey.corp.enron.com/wi/p0803190/i.asp?r=324&s=BBJCLYIL&l=9
|
{
"pile_set_name": "Enron Emails"
}
|
Joe, I will forward his voice mail to you. EES has enough challenges in NA
and Europe before tackling retail products and services in a market with no
wholesale market.
Please follow up.
Thanks
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/15/2001
07:00 PM ---------------------------
Enron North America Corp.
From: Sherri Sera @ ENRON 02/15/2001 05:10 PM
To: Joseph P Hirl/AP/ENRON@ENRON
cc: David W Delainey/HOU/ECT@ECT
Subject: Re: Potential energy services deal in Japan
Thanks for the quick response, Joe. Peter did call me earlier this
afternoon, and I transferred him to Dave Delainey. Unfortunately, I failed
to get his phone number before transferring him, but I understand from Dave's
assistant that he left Dave a voicemail. I'm sure he left his number there.
I did, however, gleen from him that he and his investors already own the 50
buildings (not in the process of buying them as I originally thought) and
have +/- 100 additional properties they manage.
I'm stepping out of the middle of this one now unless there is anything
further you need me to do. Good luck - I hope it's a real deal - I've never
had origination next to my name before! SRS
Joseph P Hirl
02/15/2001 04:57 PM
To: Sherri Sera/Corp/Enron@ENRON
cc: David W Delainey/HOU/ECT@ECT
Subject: Re: Potential energy services deal in Japan
Sherri,
We would be quite interested in looking into this further. We are currently
working with quite a few companies to sell power under 3-5 year contract
terms. The customers range from large office bldgs (>2Mw and connected to
EHV grid) to large industrials (several hundred Mw). We are also making some
real progress with the real estate companies and department stores to provide
power to a number of their facilities across Japan. There are a number of
other initiatives where we would take an industrials self generation off
balance sheet, upgrade facility, etc to give us access to power. In one case
we are progressing with a company that has 600 Mw inside the fence.
Let me know how you would like to progress. As a point of interest, a
particular discount product that we are offering is fully described on our
biligual website (www.enron.co.jp). This has been very successful for us.
Joe
Joseph P. Hirl
Enron Japan Corp.
81 3 5219 4500
81 3 5219 4510 (Fax)
www.enron.co.jp
Sherri Sera
02/16/2001 04:44 AM
To: David W Delainey/HOU/ECT@ECT, Joseph P Hirl/AP/ENRON@ENRON
cc:
Subject: Potential energy services deal in Japan
Gentlemen,
You will receive a phone call from Peter Wachtell sometime over the next
week. I spoke to his father last night at a dinner party; Peter is putting
together a deal in Tokyo right now to purchase 50 office buildings and manage
another 100. He is interested in talking to Enron about energy outsourcing.
I'm assured that this a legitimate deal, but that will be for you to decide!
Just wanted to give you a heads up in the hopes you will take a few minutes
to talk to him.
SRS
|
{
"pile_set_name": "Enron Emails"
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|
The following report is comprised of what was discussed at the Commission
meeting held tonight at approximately 7 PM EST and additional intelligence
gathered from FERC staffers after the meeting by Joe Hartsoe:
Physical Withholding -- To prevent physical withholding, the plan will
require sellers with PGA's to offer all their available power in real time.
All California generators, even those not subject to FERC price regulation,
will be required to sell into the ISO's real time market as a condition of
their use of the ISO's interstate transmission lines. Hydroelectric
facilities will be exempted. (24-7 for 1yr)
Price Mitigation - The plan will establish a single market clearing price
auction for the real time market. During Stage 1, 2 and 3 emergencies in the
ISO's real time market, each generator (other than hydro) with a
participating generator agreement is required to offer all available power
and bid its marginal cost based on the generator's heat curve, emission
rates, gas costs and emission costs, plus $2 for O&M. The gas cost will be
the average daily cost of gas for all delivery points in California;
emissions are to be based on Cammon Fitzgerald(?). The gas cost and
emissions will be published the day after, for use on the following day. A
single market clearing price is determined in real time for all generators.
Highest bid sets the clearing price. Each gas fired generator must file with
FERC and the ISO, on a confidential basis, heat and emission rates for each
generating unit. The ISO will use these rates to calculate a marginal cost
for each generator, including maintenance and operating costs. In the event
a generator submits a bid higher than the proxy price, the generator must,
within 7 days of the end of each month, file a report with FERC and the ISO
justifying its price. FERC has 60 days to review/act. No opportunity costs
in real time. Marketers are in the same boat, as they must be prepared to
justify bid at purchased cost based on specific purchases or portfolio with
no opportunity cost. However, credit sleeves are permissible.
Demand Response - Beginning June 1, only public utility load serving entities
must submit demand side bids to curtail load and identify the load to be
curtailed under those bids. FERC is attempting to break the demand curve.
(24-7)
Outages -- PGA generators will coordinate planned outages and report forced
outages in accordance with the Commission Staff proposal adopted by FERC.
Term - Order expires one year from date of issuance.
RTO Filing - California ISO and two Utilities must make RTO filing by June 1
or Order lapses with no further effect.
ISO Reporting - On September 14, 2001, ISO must file a status report on how
things are working and how much generation has been built. Comments are due
in 15 days. Quarterly reports thereafter.
Revocation of Market Based Rate Authority and Refunds - The market based rate
authority of all public utilities is conditioned on 1) no physical withhold
of capacity, and 2) no inappropriate bidding behavior. Inappropriate bidding
behavior includes bidding unrelated to known characteristics of the
generation unit or without an input cost basis or bidding not based on unit
behavior. An increased bid based on increased demand could apparently be
inappropriate. In addition, "hockey stick" bids are expressly prohibited
(i.e. bidding 95% at marginal cost and 5% at a much higher level).
Limited 206 filing - Applies to sales in the WSCC, outside California.
Refund conditions apply in real time spot markets when contingency within a
control area falls below 7%. Control areas are not required to publish when
this condition occurs. Apparently anything over marginal cost must be
justified. All marketers and non-hydroelectric generators must offer to sell
contractually and physically available capacity/energy to a location within
WSCC. FERC is attempting to mirror the rules applied in California.
Comments are due in 10 days on the 206 investigations. The refund effective
date is 60 days from publication of the Order.
Nox Limits in California -- Must sell requirements do not apply if a unit is
prohibited from running by law. However, it appears that incurring fines
does not overcome the must sell requirement- just include the fines as part
of the price bid. Also if Nox is limited, may seek to show that generation
would have been sold elsewhere or at different times for determining price.
Surcharge to pay past amount due -- Comments are due in 30 days on 1) whether
FERC should require the ISO to surcharge parties for payment into an escrow
account to pay past costs and 2) the effect this surcharge would have on the
PG&E bankruptcy filing.
No mention was made at the meeting as to issue of exports of power from
California. The Order is not finally drafted as of yet, and the status of
the foregoing items could change upon issuance of the Final Order. We will
keep you posted.
RA
|
{
"pile_set_name": "Enron Emails"
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|
Hello Paul - we will be meeting for the Procaribe meeting at 11:15 on the 10th floor (1084) in 3AC. A car will pick us up and take us to the meeting. The meeting is scheduled to begin at 11:45 and last for 2 hours.
Do you by chance have an electronic version of a picture of ProCaribe?
Thanks, Brian
|
{
"pile_set_name": "Enron Emails"
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|
THE COMMENTS ON THE UTILITIES' JOINT PROPOSAL ARE DUE ON NOVEMBER 28. MY LAST EMAIL HAD A TYPO THAT SAID 11/18. Sorry for the error.
Dan
Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd. Suite 244
Woodland Hills, CA 91367
Tel: (818) 596-2201
Fax: (818) 346-6502
[email protected] <mailto:[email protected]>
----- Original Message -----
From: "Dasovich, Jeff" <[email protected] <mailto:[email protected]>>
To: "Dan Douglass" <[email protected] <mailto:[email protected]>>
Sent: Tuesday, November 20, 2001 9:35 AM
Subject: FW: A.98-07-003 et al. JOINT PROPOSAL OF THE UTILITIES TO IMPLEMENT THE COMMISSION'S SUSPENSION OF DIRECT ACCESS FILED TODAY
Dan: Could you forward to ARM distribution list? Thanks very much.
Best,
Jeff
-----Original Message-----
From: JBennett [mailto:[email protected]]
Sent: Friday, November 16, 2001 6:52 PM
To: Jeff Dasovich (E-mail); Sue Mara (E-mail)
Subject: FW: A.98-07-003 et al. JOINT PROPOSAL OF THE UTILITIES TO
IMPLEMENT THE COMMISSION'S SUSPENSION OF DIRECT ACCESS FILED TODAY
Attached is the joint proposal of the UDCs. We must file comments on
November 28th
> -----Original Message-----
> From: Molina, Rachel [mailto:[email protected]]
> Sent: Friday, November 16, 2001 4:40 PM
> To: [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>.; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
[email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
[email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
> [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>;
Parrott,
> Jeff; [email protected] <mailto:[email protected]>; [email protected] <mailto:[email protected]>
> Cc: Szymanski, Paul
> Subject: A.98-07-003 et al. JOINT PROPOSAL OF THE UTILITIES TO
> IMPLEMENT THE COMMISSION'S SUSPENSION OF DIRECT ACCESS FILED TODAY
>
> <<98-07-003 joint proposal(v1).DOC>> <<98-07-003 Attachment
> A(v1).DOC>>
>
> This filing was made today at the CPUC's San Diego Office.
**********************************************************************
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] <mailto:[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.
**********************************************************************
|
{
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|
Cheryl just called from New York. She is flying back today and may be in the
office later today.
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"
}
|
Charlotte,
This is a desk-to-desk deal. You need to get with the scheduler on the East
Desk who handles Transco. Both desks will need to tie in MOPS. In this
case, POPS most likely tried to update the HPL side, but the East Desk has
not adjusted their side in MOPS.
D
From: Charlotte Hawkins 12/29/99 11:26 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Meter 74, December BRIDGEBACK ERROR
Daren:
I have an error for Transco Bammel for that 20.0/day on days 23 through 27 -
do you change the volumes as they are sent back?
The volumes are:
23 133
24 20783
25 20738
26 20787
27 20123
Thanks!
Charlotte
PS I have to be clear by noon tomorrow.........................
|
{
"pile_set_name": "Enron Emails"
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|
FYI
Jim Derrick
-----Original Message-----
From: [email protected]@ENRON [NOTES:[email protected]@ENRON]
To: James Derrick Jr. <[email protected]>
Sent: Thu Oct 11 01:23:02 2001
Subject: <<Concur Expense Document>> - Lunches
The Payment status has changed on the following report:
Status last changed by: System
Expense Report Name: Lunches
Report Total: $162.88
Amount Due Employee: $162.88
Amount Approved: $162.88
Amount Paid: $162.88
Approval Status: Approved
Payment Status: Paid
To review this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com
|
{
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|
Thank you for making your purchase online with Expedia.com, one of
the safest places to shop for travel! For your protection, our
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----------------------------------------------------------------------
FLIGHT SUMMARY
------------------------------------------------------------------------------
--
E-Ticket Confirmed
Itinerary Number: 12112688242
Round Trip
Booking ID: 4E4BOO
2 adults USD 368.38
Taxes: USD 44.62
Total Cost: USD 413.00
Flight: from Newark, NJ (EWR-Newark International Airport) to Houston, TX
(IAH-Bush Intercontinental)
Depart: 22-May-01 at 10:50 AM
Arrive: 22-May-01 at 1:40 PM
Depart: Newark (EWR), 22-May-01 at 10:50 AM
Arrive: Houston (IAH), 22-May-01 at 1:40 PM
Flight: Continental 209
Aircraft: MDC DC10
Meal Service: Lunch
Duration: 3hr 50mn
Distance: 1415 mi
Economy/Coach Class
Flight: from Houston, TX (IAH-Bush Intercontinental) to Newark, NJ
(EWR-Newark International Airport)
Depart: 29-May-01 at 3:45 PM
Arrive: 29-May-01 at 8:22 PM
Depart: Houston (IAH), 29-May-01 at 3:45 PM
Arrive: Newark (EWR), 29-May-01 at 8:22 PM
Flight: Continental 42
Aircraft: MDC DC10
Meal Service: Dinner
Duration: 3hr 37mn
Distance: 1415 mi
Economy/Coach Class
----------------------------------------------------------------------
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{
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|
Per our conversation at the law conference, you may want to consider how the
TW negotiated rate transactions play againt PR such as that listed below.
Nov 16,2000
California Power Plants Get Jolt
As Natural-Gas Supplies Are Cut
By Rebecca Smith
Staff Reporter of The Wall Street Journal
LOS ANGELES -- Southern California power plants, already stressed to their
limits last summer, got another jolt this week as a cold snap caused a sharp
curtailment of supplies of natural gas used to generate electricity.
The power plants were able to switch to burning oil and continue to produce
electricity. But the unusual curtailment of natural gas underlines concerns
that an increased reliance on gas for power generation across the U.S. is
putting the reliability of the nation's electricity supply at risk.
That's because virtually all power plants now under construction in the U.S.
burn gas and only gas. The units affected this week in San Diego were able to
shift to oil only because they were older plants that originally were
constructed to burn oil. Generators have been reluctant to add a dual-fuel
flexibility to plants in recent years because oil is far more polluting than
gas and generally has been costlier.
In California, where gas-supply problems first surfaced on Monday in San
Diego, there is pessimism about a Hydra-like energy crisis that seems to grow
new heads every day. The state weathered three-dozen electrical emergencies
last summer, caused by a shortage of electricity. Officials had hoped to
solve the problem by speeding up construction of new generating plants. Now,
they're finding the state may be building its way out of an electrical
problem and into a gas problem.
One official, who has been warning of the danger of reliance on a single
fuel, said this week's disruption pointed out the necessity of developing a
comprehensive energy policy that recognizes how changes in usage of oil, gas
and electricity affect each other. "We don't just need new generating plants
and transmission lines, we may need pipelines, too," said Terry Winter, chief
executive officer of the California Independent System Operator, the
organization responsible for maintaining adequate electricity supplies. "You
can't look at these things in isolation."
The natural-gas problems surfaced when the local gas-distribution company,
San Diego Gas & Electric Co., notified power-plant operators and a handful of
industrial users that it would be restricting their gas use by about half. In
California, residential and small businesses have first crack at natural gas,
and industrial uses are regarded as secondary, even if they are generating
plants. Dynegy Inc., the Houston-based energy concern that owns some of the
older plants that serve San Diego, immediately switched to oil. But it didn't
like doing so; its plants create three times as much pollution when they
burn oil and exhaust valuable air-pollution emission credits that power
plants here need to operate.
The San Diego units couldn't simply be shut down, because the state was short
of power. Roughly 30% of the state's capacity already was off-line, including
many of its nuclear units, as most of those plants are now undergoing repair
after being run at capacity limits throughout the summer.
What's more, the gas-pipeline system that feeds San Diego isn't big enough to
begin with. The system was built primarily to serve residential customers and
not big power plants.
The problems could persist, off and on, through the winter. That's because
gas-storage levels are down sharply from a year ago throughout the nation,
but especially in California, because it ran its gas-fired units so hard last
summer. This time last year, Southern California had 87 billion cubic feet of
gas in storage. Now, it's roughly 50 billion cubic feet, or 43% less. Prices
also have moved up sharply, from roughly $2.50 a million British thermal
units to around $8 this week. Nationally, storage levels are down about 8%
from a year ago.
"Gas is trading higher in California than anywhere else in the nation," said
John Lavorato, chief operating officer of Enron North America, a unit of
Enron Corp. of Houston. But he said they're headed up in the Northeast, based
on cold weather forecast for the next 10 days to two weeks.
High prices for fuel also push up prices for the end product, electricity. In
California the average price for electricity to be delivered Thursday was
$228 per megawatt hour. That's double the price a week ago and five times the
price a year earlier.
|
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"pile_set_name": "Enron Emails"
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|
A short summary published today about the legal situation.
Growing Legal Problems for Energy Rationing Program
The legal battle provoked by the government ,s energy rationing program
intensified Thursday with a S?o Paulo judge throwing out the program ,s
penalties.
Thursday night,a judge in the city of Mar?lia,S?o Paulo issued an injunction
suspending all of the penalties contained in the program for households or
firms
that exceed quota levels for electricity consumption.The injunction was in
response to a challenge of the penalties filed by a federal prosecutor and is
applicable to the entire country.
The judge ruled that higher energy charges and the threat of a
momentarycutoff of electricity for persons or companies that exceed their
quotas were
unconstitutional.
Also on Thursday several Supreme Court justices stated that they have no
doubts that a controversial decree issued by the government Wednesday is
unconstitutional.The decree states that measures taken to combat the energy
crisis do not have to respect Brazil ,s consumer protection code.According to
the
justices,who declined to be identified,the decree violates three articles of
the
constitution.
In S?o Paulo,the number of suits challenging the government program
reached seven in the federal district court while in Rio a total of four
suits had
been filed by the end of Thursday.
Thus far the government ,s only response to the program ,s legal problems
has been to mobilize federal attorneys to overturn any injunctions issued by
lower
court judges.At some point,however,the government will also have to deal with
the damage to its image caused by the unpopular aspects of the program.
In related developments Thursday:
the head of the energy crisis management team Pedro Parente said that the
government would consider a proposal defended by some electricity utilities to
declare every Monday a holiday.Parente said his team would analyze the
economic impact of such a measure which would be only be adopted if the
current
rationing program fails to produce the needed 20%cut in electricity
consumption.
the government created a special group of energy experts to prepare the
details of a program of rolling blackouts similar to what has been applied in
the
American state of California,also suffering from an energy crisis.Thus far
blackouts have been ruled out in Brazil and would only be adopted if
absolutely
necessary.
the water level of reservoirs for hydroelectric plants is continuing to
decline.
According to figures for May 23,the average level in the southeast and
central-
west regions was 29.5%,down from 32%on May 1,a reduction of 7.5%.In the
northeast,the average level fell from 32.6%to 28.5%over this same period,a
reduction of 12.6%.Thus far the decline in consumption is not keeping pace
with
the reduction of generating capacity.For the week May 17-23,consumption in
the southeast and central-west regions fell 4.6%and in the northeast the
decline
was 5.4%.
the Brazilian Association of Shopping Centers (Abrasce)proposed to meet
its consumption quota by reducing the shopping period by two hours a day.Malls
would open an hour later than at present and close an hour earlier.
the government is expected to announce today the energy quotas for
specific business sectors.Each sector will be required to reduce its
consumption
by between 15%and 25%.
|
{
"pile_set_name": "Enron Emails"
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|
We do have an ISDA Agreement in place between Koch Energy Trading and ENA,
but Anthony is correct on a number of accounts. First, we could not put Oslo
trades under this master. It is a Local Currency form and could not be used
for any non US transaction. Second, it is quite old and our forms have
evolved since then and we would not want to replicate this form. Lastly, it
has the old "ERMS" style collateral annex, and we would want to use an ISDA
Credit Support Annex on a going forward basis. I would suggest contacting
Matt Dawson in London Legal and Rod Nelson in London Credit and getting a new
master based off our current form.
Tana Jones, Houston Legal
Matthew Allan
11/09/2000 06:43 AM
To: Yumi Takei/OSL/ECT@ECT
cc: Anthony Campos/HOU/ECT@ECT, Gail Hill/LON/ECT@ECT, Martin
Rosell/OSL/ECT@ECT, Tana Jones/HOU/ECT@ECT, Matthew Dawson/LON/ECT@ECT,
European Contract Management
Subject: Re: ISDA- Koch Energy Trading Inc
Hi Yumi,
Yes I realise the entities are going to be different if this turns out to be
a ENA ISDA but the by already having an ISDA with the counterparty we can
quicken the negotiation process, i.e. 'mirroring' the contract as you say,
and having the correct entities in place. Thats what I am proposing we do.
This is something we'll need to work with Martin on.
Thanks
Matthew
Yumi Takei
09/11/2000 12:38
To: Matthew Allan/LON/ECT@ECT
cc: Anthony Campos/HOU/ECT@ECT, Gail Hill/LON/ECT@ECT, Martin
Rosell/OSL/ECT@ECT, Tana Jones/HOU/ECT@ECT, Matthew Dawson/LON/ECT@ECT,
European Contract Management, Martin Rosell/OSL/ECT@ECT
Subject: Re: ISDA- Koch Energy Trading Inc
Hi Matt,
I believe we may need to set up a new ISDA since ECTRIC is a different entity
than ENA. In the past we have mirrored an existing ENA ISDA in order to
create one between the CP and ECTRIC. However, I'll wait to turn in any
requests until I hear what we already have with Koch.
Thank you,
Yumi
From: Matthew Allan 09/11/2000 13:26
To: Anthony Campos/HOU/ECT@ECT
cc: Gail Hill/LON/ECT@ECT, Martin Rosell/OSL/ECT@ECT, Tana Jones/HOU/ECT@ECT,
Yumi Takei/OSL/ECT@ECT, Matthew Dawson/LON/ECT@ECT, European Contract
Management
Subject: Re: ISDA- Koch Energy Trading Inc
Hi Anthony,
Can you do me a favour and take a look into this ISDA. The traders in our
Oslo office have done a weather deal with Koch Energy Trading Inc. The
counterparty mentioned they had an ISDA in place with ECTRIC. We are trading
as ECTRIC. But maybe the CP was confused and thought it was ECTRIC instead
of ENA.
The trader here said she plans to do many more future trades with Koch, and
has been asking if we can amend the ENA ISDA to cover Oslo.
If you can just confirm what you've got, whats covered etc and if possible
send through a copy and I can liaise with Oslo and our legal dept to get them
covered.
Thanks
Matthew
830 36840
---------------------- Forwarded by Matthew Allan/LON/ECT on 09/11/2000 10:36
---------------------------
Enron Europe
From: Stephen Furter 09/11/2000 10:24
To: Matthew Allan/LON/ECT@ECT
cc: Matthew Dawson/LON/ECT@ECT
Subject: Re: ISDA- Koch Energy Trading Inc
Matt,
I spoke to Matthew Dawson, and he said there is an old ISDA out there, with
an effective & contract date of 23 May 1994 with ECT.
It was apparently negotiated in Houston, and the contact there is Tana Jones.
There is no copy here in London, but Matt said he would ask Tana, if we could
see one.
Regards
Stephen (Ext:34716)
From: Matthew Allan 09/11/2000 10:03
To: Stephen Furter/LON/ECT@ECT
cc:
Subject: ISDA- Koch Energy Trading Inc
Steve,
Do we have anything out there for this....should be an ISDA.
Dig out anything and everything we've got and send it through
cheers
matt
|
{
"pile_set_name": "Enron Emails"
}
|
Just realized that Saunders had not sent this along to you. I'll call about it on Monday when I'm back.
I haven't had the nerve to look at the stock price this AM. At least the Chronicle article allowed that the world was not necessarily ending for Enron.
Have a Happy Thanksgiving if possible!!!
-----Original Message-----
From: Saunders, James
Sent: Mon 11/19/2001 3:55 PM
To: Rosenberg, David E.
Cc: Cobb Jr., John
Subject: RE: Overhead and AFUDC Rates
hayslett
-----Original Message-----
From: Rosenberg, David E.
Sent: Monday, November 19, 2001 3:49 PM
To: Saunders, James
Cc: Cobb Jr., John
Subject: RE: Overhead and AFUDC Rates
And (from home - I'm working the polls this week) pray tell whom do I get the capital structure from.
-----Original Message-----
From: Saunders, James
Sent: Mon 11/19/2001 3:47 PM
To: Davis, George C
Cc: Rosenberg, David E.; Cebryk, Doug; Cobb Jr., John
Subject: RE: Overhead and AFUDC Rates
saunders will provide ovhd rate; professor rosenberg w provide afudc factor...we both need a direct cost estimate for the project
-----Original Message-----
From: Davis, George C
Sent: Monday, November 19, 2001 3:35 PM
To: Saunders, James
Cc: Rosenberg, David E.; Cebryk, Doug
Subject: Overhead and AFUDC Rates
Can you give us the overhead rate and AFUDC rate for the Trans Pecos (Transwestern) estimate? 176 miles of 24" in west Texas, with one compressor station of 13,000HP.
George Davis
Senior Project Estimator
Phone:713-345-6199
Fax: 713-646-7522
[email protected]
|
{
"pile_set_name": "Enron Emails"
}
|
the second email
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/13/2000
09:26 AM ---------------------------
Enron North America Corp.
From: Marie Heard 01/12/2000 04:28 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Brokerage Account/CIESA Transaction
FYI!
---------------------- Forwarded by Marie Heard/HOU/ECT on 01/12/2000 04:28
PM ---------------------------
Bruce Harris@ENRON_DEVELOPMENT
01/12/2000 03:52 PM
To: Nancy Muchmore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Rick Hopkinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Glenn E
Matthys/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard@ECT
Subject: Re: Brokerage Account/CIESA Transaction
I do not know who should buy the shares. Rick and Glenn, how do you want the
shares to be purchased and where do you want them owned? Keep in mind that
if EPCA buys the shares and then sells them same day EDIDE (for example), we
will I believe need to open 2 accounts. In addition, if the shares trade
over the exchange, I am not sure exactly how we will execute a private sale
between those 2 companies. It seems to me that you may want to have the
ultimate owner actually make the purchase and then try to structure your
cashflows to accomplish your tax goals, rather than to accomplish those goals
by moving around the shares. We can talk about this tomorrow but the sooner
we have the structure in place the sooner the account(s) can be opened. We
will need to coordinate this structure with Corp. Treasury (Cathy Moehlmann
and Robin Veariel).
Regards, Bruce
Nancy Muchmore
01/12/2000 02:25 PM
To: Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Hopkinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Glenn E
Matthys/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard@ECT
Subject: Brokerage Account/CIESA Transaction
Please let me know which company needs to open a brokerage account in
connection with the CIESA transaction. Once you tell me which company it
should be, we can start the corporate authorization process and I will
coordinate with Marie Heard of ENA concerning other information she'll need
in connection with opening the account.
Please bear in mind that it will take some time (I'm not certain exactly how
long--I will find out) to get all of the proper authorizations and other
paper work into place, once you have decided on the company.
Nancy
|
{
"pile_set_name": "Enron Emails"
}
|
Start Date: 4/6/01; HourAhead hour: 19; No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.
LOG MESSAGES:
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040619.txt
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
Details: (Hour: 19 / Preferred: 12.00 / Final: 11.98)
TRANS_TYPE: FINAL
SC_ID: ECTRT
MKT_TYPE: 2
TRANS_DATE: 4/6/01
TIE_POINT: PVERDE_5_DEVERS
INTERCHG_ID: EPMI_CISO_SCOUT
ENGY_TYPE: WHEEL
---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
Details: (Hour: 19 / Preferred: 871.00 / Final: 850.00)
TRANS_TYPE: FINAL
SC_ID: EPMI
MKT_TYPE: 2
TRANS_DATE: 4/6/01
TRADING_SC: APX1
PNT_OF_INTRC: NP15
SCHED_TYPE: ENGY
PURCH_SALE: 2
DEAL_NO: 1
*** Final schedule not found for preferred schedule.
Details:
TRANS_TYPE: FINAL
SC_ID: EPMI
MKT_TYPE: 2
TRANS_DATE: 4/6/01
TRADING_SC: PGAE
PNT_OF_INTRC: NP15
SCHED_TYPE: ENGY
PURCH_SALE: 2
DEAL_NO: 1
*** Final schedule not found for preferred schedule.
Details:
TRANS_TYPE: FINAL
SC_ID: EPMI
MKT_TYPE: 2
TRANS_DATE: 4/6/01
TRADING_SC: PGAE
PNT_OF_INTRC: ZP26
SCHED_TYPE: ENGY
PURCH_SALE: 2
DEAL_NO: 1
---- Load Schedule ----
$$$ Variance found in table tblLoads.
Details: (Hour: 19 / Preferred: 9.99 / Final: 9.77)
TRANS_TYPE: FINAL
LOAD_ID: SCE1
MKT_TYPE: 2
TRANS_DATE: 4/6/01
SC_ID: EPMI
|
{
"pile_set_name": "Enron Emails"
}
|
fyi
-----Original Message-----
From: Sankey, Ross
Sent: 02 October 2001 15:18
To: Sherriff, John
Cc: Lewis, Richard
Subject: Louise Kitchen - Fortune 50 - No.17
-----Original Message-----
From: Schmidt, Ann M.
Sent: 02 October 2001 14:13
Subject: Enron Mentions
Most Powerful Women in Business: The Power Fifty - Louise Kitchen No. 17
Fortune, 10/15/01
http://www.fortune.com/indexw.jhtml?channel=list.jhtml&list_frag=survey_results.jhtml&person_id=222001017&_DARGS=%2Ffragments%2Flist%2Flist_5columns_powerwomen.jhtml_A&_DAV=list.jhtml
Carly Fiorina Tops FORTUNE's List of 50 Most Powerful Women in Business for Fourth Year
10/01/2001
Business Wire
(Copyright (c) 2001, Business Wire)
NEW YORK--(BUSINESS WIRE)--Oct. 1, 2001--
Lower-Profile Women Topple More Well-known Names From Tech and
Internet Sector; Ranking Includes 14 Newcomers
Though Hewlett-Packard lost $65 billion in market value in a year, CEO Carly Fiorina hasn't lost her nerve, and for the fourth consecutive year holds the No. 1 position on FORTUNE's ranking of the 50 Most Powerful Women in Business.
The complete list and accompanying stories are in the October 15 issue of FORTUNE, available on newsstands October 8 and at www.fortune.com at 12:00 p.m. on October 1.
In the No. 2 spot is eBay CEO Meg Whitman, who runs an Internet company that actually makes money: $85 million in the last four quarters on $582 million in revenue. Oprah Winfrey, the Queen of Media, is mightier than ever, and holds the No. 3 spot, up from No. 15 last year. She produces movies, brings comfort and advice to millions of TV viewers, propels books to bestsellerdom, and, last year, teamed up with Hearst Magazines' Cathie Black (No. 28 on the list) to publish O, The Oprah Magazine-by some measures the most successful magazine startup ever. At No. 4 is Andrea Jung, Chairman and CEO of Avon, who has breathed life into ailing Avon. Mirant CEO Marce Fuller-the only newcomer in the top five-holds the No. 5 position. Inside a stodgy utility, Southern, Fuller built a high-growth trading and marketing unit, which was spun off in April.
In these new, more tempered times, patience may be about to reap its reward. In FORTUNE's annual survey of the 50 Most Powerful Women in Business, there is a clear emergence of women who came to power slowly. Says FORTUNE senior writer Pattie Sellers in "Patient But Not Passive," the story that accompanies the list, "By patience, we mean staying with a company, steadily building influence there, and rising to power through determination and insider knowledge, not promises and self-promotion."
Fiorina, who has claimed the top spot each year since FORTUNE's inaugural list in 1998, heads the biggest company ($48 billion in revenues last year) run by a woman. And she is still as audacious and impatient as ever. Wall Street practically heckled her latest move-a bold bet to buy Compaq-but Fiorina, 47, remains defiant. In difficult times, "people who drive change are the subject of great scrutiny," she says.
As always, the list is a snapshot of power at a moment in time. Last year, power resided in the technology and Internet sectors, but that influence was fleeting. Gone from the list this year: Deborah "Hurricane Debby" Hopkins, who pushed her agenda too ambitiously at Lucent and lost her CFO job in May; Ellen Hancock, who failed at the startup, Exodus; and Morgan Stanley's Mary Meeker, who influenced so many to buy into the Internet fizz. But one Web warrior looks better than ever: Meg Whitman, No. 2 on the list. She has never overpromised to investors; instead she has diligently delivered above-target profits every single quarter.
Fourteen newcomers join the list this year: Marce Fuller, President & CEO, Mirant; Louise Kitchen, COO, Enron Americas; Colleen Barrett, President & COO, Southwest Airlines; Betsy Bernard, President & CEO, AT&T Consumer; Anne Stevens, VP, North America Vehicle Operations, Ford Motor; Maria Elena Lagomasino, Chairman & CEO, J. P. Morgan Private Bank; Susan Desmond-Hellman, EVP and Chief Medical Officer, Genentech; Janet Robinson, SVP, Newspaper Operations, New York Times Co.; Carol Tomi, EVP and CFO, Home Depot; Carrie Cox, EVP and President, Global Prescriptions, Pharmacia; Carole Black, President and CEO, Lifetime Television Networks; Janet Davidson, Group President, Integrated Network Solutions, Lucent; Larree Renda, EVP, Retail Operations, Safeway; and Louise Francesconi, VP and GM, Missile Systems, Raytheon.
While the economy and its points of power change, the criteria we use to evaluate power remains the same. Says Sellers: "We consider the size and importance of a woman's business in the global economy, her clout inside her company, and the arc of her career-where she has been and where she is likely to go. When appropriate, we also weigh the woman's influence on mass culture and society. That factor lifts Oprah Winfrey to No. 3 on this year's list." The shifts on our list this year are dramatic, with 14 newcomers. But one trend is especially intriguing: Women are taking on bigger businesses than ever. A few years ago, responsibility for a $3 billion business almost automatically earned a woman a spot on this list. No more. This year's FORTUNE 50 includes several women who lead businesses with annual revenues of $20 billion or more, which is a first.
In a related story, "It Took a Lady To Save Avon," Katrina Brooker looks at Andrea Jung, Chairman and CEO of Avon. Says Brooker, "Jung knows what women want and how to sell it to them. And that's what has made her one of the most successful CEOs-male or female-in recent years." Over the past 20 months she has overhauled nearly everything about the way Avon does business: how it advertises, manufactures, packages, and even sells its products, and she has done it not by abandoning the seemingly outdated Avon Lady, but by reviving her. The result: growth in revenues, operating profits, and operating margins.
In addition, FORTUNE includes an international list of the 50 powerful women in business. The top ten, featured in the magazine, are Marjorie Scardino, CEO, Pearson (Britain); Anne Lauvergeon, Chairman, Areva (France); Mary Ma, Senior VP & CFO, Legend (Hong Kong); Marianne Nivert, President & CEO, Telia (Sweden); Lien Siaou-Sze, Vice President, Hewlett-Packard (Hong Kong); Patricia Barbizet, CEO, Artemis (France); Eiko Kono, President, Recruit (Japan): Belinda Stronach, CEO, Magna International (Canada); Marina Berlusconi, Vice Chairman, Fininvest (Italy); Christine Tsung, President & CEO, China Airlines (Taiwan). You can read about the other forty at www.fortune.com or in the international editions of FORTUNE.
2001 FORTUNE 50 Most Powerful Women in American Business
2001 2000
Rank Rank Name Title Company
1 1 Carly Fiorina Chairman and CEO Hewlett-Packard
2 3 Meg Whitman President and CEO eBay
3 15 Oprah Winfrey Chairman Harpo
Entertainment
4 10 Andrea Jung Chairman and CEO Avon
5 new Marce Fuller President and CEO Mirant
6 18 Anne Mulcahy President and CEO Xerox
7 14 Karen Katen EVP and President
Pharmaceutical Group Pfizer
8 39 Pat Woertz President, Chevron Products Chevron
9 23 Betsy Holden Co-CEO Kraft Foods
10 43 Indra Nooyi President and CFO PepsiCo
11 7 Shelly Lazarus Chairman and CEO Ogilvy & Mather
Worldwide
12 50 Abigail Johnson President Fidelity
Management and
Research
13 9 Martha Stewart Chairman and CEO Martha Stewart
Living OmniMedia
14 12 Patricia Dunn Global CEO Barclays Global
Investors
15 16 Judy McGrath Chairman and CEO, MTV Group Viacom
16 17 Sherry Lansing Chairman, Motion Picture
Group, Paramont Viacom
17 new Louise Kitchen COO Enron Americas
18 19 Lois Juliber COO Colgate-Palmolive
19 18 Marilyn Carlson
Nelson Chairman and CEO Carlson Companies
20 new Colleen Barrett President and COO Southwest
Airlines
21 21 Ann Moore EVP, Time Inc. AOL Time Warner
22 22 Judy Lewent EVP and CFO Merck
23 new Betsy Bernard President and CFO AT&T Consumer
24 31 Stacey Snider Chairman, Universal Pictures Vivendi
Universal
25 30 Dina Dublon EVP and CFO J.P. Morgan Chase
26 10 Pat Russo President and COO Eastman Kodak
27 new Anne Stevens VP, North American Vehicle
Operations Ford Motor
28 11 Ann Livermore President, HP Services Hewlett-Packard
29 28 Cathleen Black President Hearst Magazines
30 24 Linda Sanford SVP and Group Executive,
Storage Systems IBM
31 33 Amy Brinkley Chairman, Credit Policy Bank of America
32 4 Donna Dubinsky CEO Handspring
33 38 Marjorie Magner Senior EVP, Consumer Group Citigroup
34 13 Nancy Peretsman EVP and Managing Director Allen & Co.
35 25 Dawn Lepore Vice-Chair, EVP, and CIO Charles Schwab
36 27 Gail McGovern President, Fidelity Personal
Investments Fidelity
37 new Maria Elena
Lagomasino Chairman and CEO J.P Morgan
Chase Private
Bank
38 new Susan
Desmond-Hellman EVP and Chief Medical Officer Genentech
39 new Janet Robinson SVP, Newspaper Operations New York
Times Co.
40 new Carol Tome EVP and CFO Home Depot
41 46 Jamie Gorelick Vice-Chair Fannie Mae
42 45 Vivian Banta EVP and CEO, U.S. Consumer Prudential
43 new Carrie Cox EVP and President, Global
Prescriptions Pharmacia
44 47 Anne Sweeney President, ABC Cable Networks
Group Disney
45 new Carole Black President and CEO Lifetime
Television
Networks
46 44 Marion Sandler Co-Chairman and Co-CEO Golden West
Financial
47 new Janet Davidson Group President, Integrated
Network Lucent
Solutions
48 new Larree Renda EVP, Retail Operations Safeway
49 new Louise
Francesconi VP and GM, Missile Systems Raytheon
50 8 Abby Joseph
Cohen Chief Market Strategist Goldman Sachs
FORTUNE's International 50 Most Powerful Women
Rank Women Title Company Country
1 Marjorie Scardino CEO Pearson Britain
2 Anne Lauvergeon Chairman Areva France
3 Mary Ma Senior VP and CFO Legend Hong Kong
4 Marianne Nivert President and CEO Telia Sweden
5 Lien Siaou-Sze Vice President Hewlett-Packard Hong Kong
6 Patricia Barbizet CEO Artimis France
7 Eiko Kono President Recruit Japan
8 Belinda Stronach CEO Magna International Canada
9 Marina Berlusconi Vice Chairman Fininvest Italy
10 Christine Tsung President and CEO China Airlines Taiwan
11 Maureen Kempston
Darkes President GM Canada Canada
12 Mary Minnick President and COO Coca Cola Asia U.S.
13 Nita Ing Chairman Taiwan High-Speed
Railway Taiwan
14 Barbara Kux Executive Director Ford Europe Germany
15 Ho Ching Chairman Singapore
Technologies Singapore
16 Sari Baldauf President Nokia Networks Finland
17 Judy Boynton CFO Royal Dutch/Shell
Group Britain
18 Maria Silvia
Marques Bastos CEO Companhia
Siderurgica
Nacional Brazil
19 Clara Furse CEO London Stock
Exchange Britain
20 Linda Cook CEO Shell Gas & Power Britain
21 Val Gooding CEO BUPA Britain
22 Agnes Touraine Vice Chairman and
CEO Vivendi Universal
Publishing France
23 Margaret Jackson Chair Qantas Australia
24 Kathleen Bader President Dow Styrenics &
Engineered
Prod. Switzerland
25 Kathleen O'Donovan CFO Invensys Britain
26 Wanda Rapaczynksi President Agora Poland
27 Juliet Wu Shihong Executive Director TCL Holdings China
28 Vivienne Cox Group Vice
President BP Britain
29 Marma Asuncisn
Arambruzabala
Larregui Vice Chairman Grupo Modelo Mexico
30 Yoshiko Shinohara President TempStaff Japan
31 Lalita Gupte Managing Dir.
and COO ICICI India
32 Sawako Noma President Kodansha Japan
33 Imre Barmanbek CEO Dogan Group Turkey
34 Nina Wang Chair Chinachem Hong Kong
35 Li Yifei General Manager MTV China China
36 Gail Cook-Bennett Chairperson Canada Pension
Plan Inv. Bd. Canada
37 Marluce Dias da
Silva Director General Rede Globo Brazil
38 Anna Cheng
Catalano Group Vice
President BP Britain
39 Rose Marie Bravo CEO Burberry Britain
40 Britta Steilmann CEO Steilmann Group Germany
41 Galia Maor President and CEO Bank Leumi Israel
42 Magda Salarich Managing Director Citrokn Spain Spain
43 Marjorie Yang Chairman Esquel Group Hong Kong
44 Teresita Sy President SM Philippines
45 Dominique Heriard
Dubreuil Chair and CEO Remy Cointreau France
46 Gianna
Angelopoulos-
Daskalaki President Athens Olympic
Committee Greece
47 Naina Lal Kidwai Vice Chairman J.P. Morgan Stanley India
48 Barbara Cassani CEO Go Britain
49 Irene Charnley Commercial
Director M-Cell South
Africa
50 Katijah Ahmad Chair and CEO KAF Discounts Malaysia
CONTACT: For FORTUNE Terry McDevitt, 212/522-4788 [email protected] Carrie Welch, 212/522-6724 [email protected] Caroline Plauche, 212/522-2134 [email protected]
12:24 EDT OCTOBER 1, 2001
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
|
{
"pile_set_name": "Enron Emails"
}
|
Please also approve the account below. This is top urgent
-----Original Message-----
From: Shackleton, Sara
Sent: Tuesday, October 16, 2001 10:53 AM
To: Doukas, Tom
Cc: Heard, Marie
Subject: RE: services agreement
Please forward your email to the RAC group requesting the opening of this account. Thanks. Sara
-----Original Message-----
From: Doukas, Tom
Sent: Tuesday, October 02, 2001 10:45 AM
To: Shackleton, Sara
Subject: FW: services agreement
This is the primebroker agreement that we need to fill out for CSFB. They are holding two trades hostage so this is a priority for us. Please let me know if you require any further information.
Tom
-----Original Message-----
From: Keneally, Kelly [mailto:[email protected]]
Sent: Tuesday, October 02, 2001 10:34 AM
To: Doukas, Tom
Subject: FW: services agreement
> -----Original Message-----
> From: Ramirez, Jonathan
> Sent: Thursday, August 09, 2001 11:13 AM
> To: Keneally, Kelly
> Subject: services agreement
>
> <<primebrokerage.pdf>>
This message is for the named person's use only. It may contain
confidential, proprietary or legally privileged information. No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender. You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks. Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.
|
{
"pile_set_name": "Enron Emails"
}
|
This request has been pending approval for 16 days and you are the alternate. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000078941&Page=Approval to review and act upon this request.
Request ID : 000000000078941
Approver : [email protected]
Request Create Date : 12/11/01 10:30:56 AM
Requested For : [email protected]
Resource Name : \\enehou\houston\common\Research - [Read]
Resource Type : Directory
|
{
"pile_set_name": "Enron Emails"
}
|
I just received a copy of the executed agreement and am having a copy walked
over to you.
William Frederking@EES
01/09/2001 12:37 PM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Re: DynegyDirect ETA
Thanks for the update.
Will
|
{
"pile_set_name": "Enron Emails"
}
|
Please see the following articles:
Sac Bee, Wed, 6/6: Businesses vie for blackout exemptions:
The PUC must decide who should be spared, and the applicant list is very long
Sac Bee, Wed, 6/6: PG&E, ISO agree to court order on power bills
Sac Bee, Wed, 6/6: Peter Schrag: Turning up the heat in Houston and
Washington (Editorial)
SD Union, Wed, 6/6: Is trading an insider's game?
SD Union, Wed, 6/6: Daily energy costs for state fall in past weeks
SD Union, Wed, 6/6: Five tiers sought in proposed rate boost
SD Union, Wed, 6/6: Port budget large, but power bills loom
SD Union, Wed, 6/6: Continuous use urged for planned power plant
SD Union, Wed, 6/6: Rising energy prices threaten Poway troupe
SD Union, Wed, 6/6: Fair to use generators for midway attractions
LA Times, Wed, 6/6: 'Hi, My Name Isn't Justice, Honey,' and Shame on Lockyer
(Editorial)
LA Times, Wed, 6/6: U.S. Probes Alleged Pact Not to Build New Plants Power:
Justice officials focus on Southland operations of two firms, which deny
wrongdoing
LA Times, Wed, 6/6: Natural Gas, Power Prices Drop Sharply Energy:
More conservation, mild weather are among factors keeping costs down, experts
say
LA Times, Wed, 6/6: The State Utility Averts $1 Billion in Costs Courts:
PG&E and Cal-ISO agree to recognize Department of Water Resources as
purchaser of the power
SF Chron, Wed, 6/6: Dramatic drop in cost of electricity
LOWER BILLS: Cheaper fuel, milder weather credited
SF Chron, Wed, 6/6: San Jose council gives green light to generating plant
VOTE REVERSAL: Officials pressured to OK project
SF Chron, Wed, 6/6: Developments in California's energy crisis
SF Chron, Wed, 6/6: California conserves
SF Chron, Wed, 6/6: L.A. power customers awash in cheap energy
SF Chron, Wed, 6/6: PG&E doesn't want to pay for energy to avert blackouts
Mercury News, Wed, 6/6: Metcalf plant gets preliminary approval
OC Register, Wed, 6/6: Feds probe AES, Williams
Individual.com (PRnewswire), Wed, 6/6: Calpine Begins Construction of
Peaking Energy Center in Gilroy, Calif.
Individual.com (PRnewsire), Wed, 6/6: Reliant Urges FERC to Drop or Amend
California Price
Caps to Avoid Additional Shortages and More Blackouts
Energy Insight, Wed, 6/6: Farm-fresh biopower
------------------------------------------------------------------------------
---------------------------------------
Businesses vie for blackout exemptions: The PUC must decide who should be
spared, and the applicant list is very long.
By Carrie Peyton and Dale Kasler
Bee Staff Writers
(Published June 6, 2001)
Mixes for milkshakes and frozen coffees could spoil at ice cream parlors,
sickening customers.
Seniors getting their hair done would have to leave their dryers and go home
with wet heads, risking a chill.
Mall escalators could come to a sudden halt, endangering shoppers who lose
their footing.
Those are among the health and safety risks cited by more than 10,000
businesses and government bodies asking state regulators to exempt them from
rolling blackouts.
It is a list that mixes nursing homes and grocery stores, outpatient surgical
clinics and beauty salons, dialysis centers and country clubs.
"A lot of people are treating this like a lottery," said Subodh Medhekar of
Exponent Inc., the consulting firm sorting through exemption requests for the
state Public Utilities Commission.
For many, Medhekar said, the rationale seems to be " 'I'm pretty sure I won't
get exempted, but what's the down side? Let's put in an application.' "
Amid predictions that Californians could face dozens of rolling blackouts
this summer, state regulators are trying to update a decades-old list of who
should be spared if the lights go out.
The Alta Sierra County Club in Grass Valley should be among those whose power
stays on, Sean O'Brien, the club's golf course superintendent, told
regulators in a nine-page application.
The country club telephones could go out, making it harder to phone for help
if someone has a medical problem while golfing, he said in an interview.
And if the golf course's irrigation pumps shut down, it would lose the
ability to quell small blazes -- leaving it to rely on a fire station O'Brien
said is about one-quarter mile away.
Placerville Dialysis wants an exemption, too. As many as a dozen people there
can be having their blood pumped through an artificial kidney that cleans it
when their own kidneys no longer function properly.
"When the power goes out, everything just stops," said manager Shirley
Carpenter. "There is a way to manually return the blood by hand before it
clots in the line. ... It would just be hectic."
It takes about five minutes of manual pumping to fully disconnect someone
from a dialysis machine, Carpenter said. And some patients can help by
operating their own pumps.
But, she said, "I'm sure it would be kind of frightening to have your blood
out in the line and the power off, and they're pretty much tied to the
machine."
Pam Chin, a hairdresser at the Loomis Beauty Salon, said the owner sought an
exemption because people could get overheated if the air conditioning went
out, and older customers getting their hair set could be chilled if the
dryers shut off.
With about half the state already exempt from rolling blackouts, the question
of who else should stay connected has become a delicate one for utilities,
regulators and legislators.
Carl Wood, the PUC commissioner who has taken the lead on blackout issues,
estimates that fewer than 1,000 more utility customers can be exempted before
they overload the rolling outage system designed to take stress off the
electric grid.
While about 6,000 customers are classified as "essential" by the state's two
largest utilities, keeping them out of the blackout rotation also spares
about 5 million other customers who are served by the same circuits.
That multiplier effect will have to be weighed by the consulting firm, by
utilities and eventually by PUC commissioners, who are scheduled to vote in
early August on who should be added to existing standards.
The rules will apply to the state's investor-owned utilities, Pacific Gas and
Electric Co., Southern California Edison and San Diego Gas & Electric Co.,
but not to municipal utilities.
The Sacramento Municipal Utility District already rejected pleas for special
exemptions from a medical lab, a veterinary hospital, nursing homes, medical
facilities, businesses and residents. SMUD believes they can weather
blackouts because they are not critical to public safety.
People have counted on having dependable electricity for so long that some
have widely varying ideas of who can do without it safely, Medhekar said.
Of the more than 500 Baskin Robbins ice cream parlors that dot California,
only five are listed on the PUC Web site as applicants for exemptions.
The site cautions that its list of 9,239 electronic applicants hasn't been
checked for duplicates -- or fiction. It includes hundreds of outlets of the
same drug store and supermarket chains, dozens of related nursing homes and
more than 400 dentists. Another 1,200 commercial power users have applied by
fax.
Among those who have confirmed they want out of outages are the grocery
chains operated by West Sacramento-based Raley's, which said it took the
action as part of united effort with all California grocers, who are worried
about food spoilage.
Others in the mix are Fairfield's Westfield Shoppingtown Solano, formerly the
Solano Mall, where officials sought the exemptions out of fear that shoppers
would get injured if escalators came to a sudden halt.
The Yolo County Housing Authority asked for an exemption on behalf of its 700
dwellings in the belief that the utilities offer exemptions for low-income
Californians, Executive Director David Serena said.
Serena added that many of the authority's occupants are older or disabled and
could be endangered by a blackout.
Chevron Corp. acknowledged it couldn't show that a blackout at its refineries
would present "imminent danger to public health or safety," but it asked Gov.
Gray Davis to support legislation exempting makers and transporters for
"critical fuels," saying a refinery shutdown would cut into the state's
gasoline supply.
Some businesses acknowledged that their applications are a long shot.
"It's probably a stretch," said Amanda Leveroni, who owns Bacio Catering Co.
of Chico, about her request to the PUC. "The public wouldn't be in danger.
"But we're a catering company -- somebody has planned for a year-plus for a
wedding or some big event," she added. "I would be in such a huge situation.
I'd have to send out for pizza."
The Bee's Carrie Peyton can be reached at (916) 321-1086 or
[email protected].
PG&E, ISO agree to court order on power bills
By Claire Cooper
Bee Staff Writers
(Published June 6, 2001)
SAN FRANCISCO -- Pacific Gas and Electric Co. and the operator of
California's power grid agreed Tuesday to a preliminary court order providing
that the utility will continue to receive -- but not pay -- generators' bills
for the state's purchases of the most expensive wholesale electricity.
The tab has been running at about $300 million a month.
The order, which U.S. Bankruptcy Judge Dennis Montali said he'll sign, will
specify that the Independent System Operator will not procure power except
for a "creditworthy buyer who has agreed to pay the generator."
In California, the only such potential buyer is the state Department of Water
Resources. However, the department, which has avoided PG&E Co.'s bankruptcy
proceedings by claiming sovereign immunity, will not be controlled by the
agreement. Montali pointed out that the department still could demand
reimbursement from PG&E.
Under the agreement, the ISO will not press any claims against PG&E on behalf
of generators if they are not paid.
The proposed preliminary injunction was based on an April order by the
Federal Energy Regulatory Commission, which forbade the ISO from purchasing
power on behalf of any non-creditworthy buyer, such as PG&E.
The ISO is appealing the FERC order. If the appeal succeeds, the injunction
will end.
Peter Schrag: Turning up the heat in Houston and Washington
(Published June 6, 2001)
Behind all the palaver about the predictable standoff at last week's energy
"summit" between President Bush and Gov. Gray Davis, one major political
development was missed.
Put simply, in the past month the focus of the California energy crisis, and
maybe the onus as well, has moved east: from the state's (and Davis')
handling of the mess to the generating companies, energy marketers and gas
pipeline companies that have richly profited from it, and thus to FERC, the
do-next-to-nothing Federal Energy Regulatory Commission, and the Bush
administration.
That wasn't all Davis' doing -- far from it -- though it's been at the heart
of his message about energy industry "pirates" and "profiteers." Bush's
misbegotten energy plan and the administration's political clumsiness also
contributed mightily, not least by inadvertently giving Davis the chance to
get media exposure he could only have dreamed about.
More important, there's the defection of Sen. James Jeffords from the
Republican Party and the resulting shift of control in the U.S. Senate, where
the next chair of the Energy Committee will be Sen. Jeff Bingaman of New
Mexico, a co-sponsor of Sen. Dianne Feinstein's bill capping wholesale
electric rates for the next two years. And chairing the Committee on
Governmental Affairs will be Sen. Joseph Lieberman of Connecticut, who's
already asked for an audit of energy prices.
Those changes will draw a lot more attention to recent studies showing that a
handful of big generators -- Duke Power, Reliant, Mirant, Dynegy and the huge
energy-marketing firm Enron -- have gamed the market to drive wholesale
prices to levels that, in the year 2000, sometimes reached 40 times the
prices of the year before.
The findings come not merely from economists at the California Independent
System Operator, the agency that manages the state's grid, who estimate
overcharges resulting from market power at $6.2 billion for last year alone.
They come also from Severin Borenstein and his colleagues at the University
of California Energy Institute, who "conservatively" calculate the
overcharges at $4.5 billion; from Paul Joskow, a widely respected energy
economist at MIT; and from Edward Kahn, an economic analyst in San Francisco.
In a recent paper published by the National Bureau of Economic Research,
Joskow and Kahn conclude that there's "considerable evidence that the high
prices experienced in the summer of 2000 reflect the withholding of supplies
from the market by suppliers [generators or marketers] exercising market
power." That those high prices occurred not merely during peak usage but also
at off-hours, when no one had ever seen a price spike before, makes those
spikes even more curious.
There is, in addition, the powerful suspicion that the huge increase in
natural gas prices that a subsidiary of El Paso Energy Co., now the largest
gas company on Earth, was charging on the California side of the
California-Arizona border wasn't merely the result of an innocent imbalance
between supply and demand.
None of that may be illegal. If there's no collusion, there are no violations
of antitrust laws. But it adds plenty of steam to the political argument. In
the 2000 election cycle alone, energy companies kicked in some $64 million in
political contributions, 75 percent of it to Republicans. At a time when
those companies, many of them located in the same Houston neighborhood, are
racking up astronomical profits and when their collective coziness with Bush
and the Republican Party is a lot more than rhetoric, their vulnerability to
a vigorous Senate investigation ought to be obvious.
The clincher is "Blackout," a "Frontline" program that both symbolizes the
shifting emphasis and reinforces it. (The program is scheduled to be aired at
8 p.m. Friday on Sacramento cable Channel 7.) It isn't another recital of
Californians worrying about their electric bills, or about the stupidity of
the state's deregulation scheme or how Davis dithered in addressing the
crisis. It is about those generators and marketers in Houston and North
Carolina, men (and a few women) who regard themselves as the heroes of the
new energy markets.
The piece is reported by Lowell Bergman, who in working for both "Frontline"
and the New York Times has already broken major print stories about Duke
Power's secret approach to Davis offering unspecified energy refunds in
return for an end to state investigations and lawsuits. Bergman also reported
private conversations between Enron chairman Kenneth Lay, a major Bush
supporter, and FERC chairman Curt Hebert regarding the influence that Lay
could exercise with Bush to allow Hebert to keep his chairmanship if Hebert's
supported certain decisions Enron badly wants.
None of these recent events is likely to end Davis' political woes, and they
may not produce the wholesale rate caps Feinstein wants and that most
economists think necessary -- or maybe any significant reduction in the
industry's predatory pricing. But they will surely help turn up the heat,
both in Houston and Washington. Six months ago FERC found wholesale prices
were not "fair and reasonable" as federal law requires, but did little about
them. It will now have a lot more questions to answer.
Peter Schrag can be reached at Box 15779, Sacramento, CA 95852-0779, or at
[email protected].
Is trading an insider's game?
Buying, selling of electricity is a growth business, but some say deck is
stacked against consumers
By Craig D. Rose
UNION-TRIBUNE STAFF WRITER
June 6, 2001
While Californians decry deregulation's failure to deliver a competitive
market, electricity wholesalers have quietly developed a vast and rapidly
growing business of buying and selling power among themselves.
The deals take place on high-tech trading floors in Houston and elsewhere
around the country, as well as on Internet-based trading systems.
Some experts say this electricity trading is a key mechanism for raising
consumer power prices, yet it's largely unregulated.
"Electricity trading is like buying stock -- when you have ability to change
the stock price," said Frank Wolak, a Stanford University economics professor
and member of the state grid operator's market surveillance group.
Energy companies say the buying and selling of contracts to deliver power
provides risk management, allowing plant owners to presell their electricity,
lock in prices and avoid fluctuations. The rough and tumble of the free
market, they add, is the most efficient means of allocating a resource like
electricity.
But industry critics say trading is far from a competitive market paradigm.
In their view, it's a means of communication -- a way for energy insiders to
collude and raise prices under the guise of competition.
To be sure, the trading arms of major energy companies have emerged as stars
in an industry where profit surges of 300 percent or 400 percent are not
uncommon.
The transactions, shrouded in secrecy, can leave ownership of a critical
commodity in unknown hands. Consider the case of power generated by AES
Corp.'s California plants.
In 1998, AES made a bold move. Immediately after purchasing power plants that
gave it control of 10 percent of the state's electric generating capacity,
the company sold the output from its plants for the next 20 years to Williams
Cos.
Williams did not sit on this treasure trove of electrons. The Tulsa, Okla.,
company soon sold 80 percent of what it bought.
It is difficult to say who owns that power now. Some might be owned by Sempra
Trading, a sister company of SDG&E. Or some could be owned by Enron Corp.,
the nation's biggest electricity trader.
A spokeswoman for Williams conceded that Williams itself may have repurchased
some of the electricity it sold earlier. But trading companies closely guard
their positions.
This much can be said with certainty: Electricity that AES sold for less than
5 cents per kilowatt-hour to Williams changed hands perhaps 10 times in the
wholesale market and emerged at times in recent months with a price tag for
consumers that was 300 percent higher.
Williams' trading profits increased by 523 percent in the first quarter this
year.
Advance sales
All this buying and selling creates curious confluences.
In their attempt to deflect criticism over high prices, generating companies
such as Duke Energy -- operator of the South Bay Power Plant in Chula and
others in the state -- frequently note that they sell most of their
electricity far in advance. But they acknowledge less often that their
trading units may also be buying power, which could boost the company's
electricity inventory.
Duke was the fourth biggest electricity trader last year and cited its
trading activity as a prime contributor to its wholesale business profits,
which soared 324 percent in the first quarter to $348 million.
It is a company's power traders who frequently direct plant operators to
increase or decrease the generation of power in response to market
conditions.
Energy companies have little option but to turn to trading for profits. One
of the better kept secrets of electrical deregulation and its promise of
competition is that there is remarkably little competition in the production
side of the business.
For one thing, electricity is a commodity; power from one company is
indistinguishable from that generated by others.
More important, nearly all modern plants generate power from turbines built
by a handful of manufacturers. The result? Modern plants owned by different
companies produce power at nearly identical cost.
"The cost of power produced by modern plants is all within a mil
(one-thousandth of a dollar)," said Michael Peevey, an adviser to Gov. Gray
Davis and former president of Southern California Edison.
So the extraction of profit in the electricity business relies much more on
trading. Traders' profits rise when prices are volatile -- plunging, or even
better, rising sharply.
Little regulation
But despite the obvious temptation to manipulate the market, the burgeoning
electricity trading business has remained largely unregulated.
The Federal Energy Regulatory Commission does require quarterly filings from
energy traders, but these often provide incomplete information, or at least
little that has been of concern to FERC.
In fact, although the trading of electricity grew more than a hundredfold
from 1996 to 2000, FERC has taken no major enforcement action against a
trader. After the onset of the California crisis last year, FERC has acted
once. That was against Williams, which agreed to pay $8 million without
admitting guilt to resolve an allegation that it withheld supply to pump up
prices.
FERC's record of enforcement in the area of power trading stands in contrast
to a long list of enforcement actions within other markets taken by the
Securities Exchange Commission and the Commodity Futures Trading Commission.
FERC has recently added staff to its market oversight operations. But William
Massey, a FERC commissioner, says the agency's effort is still inadequate.
"Electricity can be flipped, stripped and chopped up," Massey said. "It's an
extraordinarily complicated market.
"The sophisticated marketers and traders have simply moved past us. We're
kind of horse and buggy in our approach and they're out there in rocket ships
flying around ... The problem is that sophisticated traders don't necessarily
produce reasonable prices. They produce profits."
Before deregulation, electricity trading was a low-key affair. Regulated
utilities dealt power back and forth on a reciprocal basis to fill
electricity shortfalls in their control areas. There was little trading for
profit until the mid-1990s, after federal legislation and FERC rulings opened
the market.
Major traders include large energy companies, sister companies of
California's major utilities and Wall Street firms.
Market volatility
In many ways, the trading of power is similar to that of other commodities.
But there are important differences. Because it cannot be stored and its use
is so fundamental, the price of electricity is the most volatile of all.
When supplies are tight, a single supplier can rapidly raise prices to
budget-busting levels, as evidenced by Duke Energy's recent admission that it
charged California nearly $4,000 for a megawatt-hour of power, a quantity
that probably sold hours earlier for one-tenth of that sum or less.
Wolak, the Stanford economist, and state Sen. Joseph Dunn, D-Garden Grove,
who is investigating the state power market, say trading allows companies to
collude under the guise of competition. Instead of wringing out lowest costs,
the wholesale trading market serves to raise prices, they say.
"As I trade to you and you trade to me, we communicate to each other what
price we would like to get," said Wolak. "It's not collusive. It's just
communicating price."
Mark Palmer, a spokesman for Enron, the nation's biggest power trader, said
California's problem is not the result of trading.
"It's a result of shortages," Palmer said.
Underscoring its emphasis on trading, Enron's new headquarters tower in
downtown Houston rises from a six-story block of new trading floors,
including expanded space for electricity trading.
Enron also pioneered trading in cyberspace and its Enron Online site claims
to be the most active computer-based trading market.
The Houston company argues that consumers won't fully benefit from power
trading and deregulation until they have greater choice in choosing their
power supplier. And the company says FERC has not done enough to open access
to transmission lines, which would allow traders to move power around the
country. To that end, Enron has lobbied hard for President Bush's plan for a
national electricity grid.
Palmer says the notion that the price of electricity rises each time it is
traded is mistaken.
"The market is always looking for the real price of a commodity," Palmer
said.
Dunn, the California state senator, says his investigation found a different
function for trading. At a time when supply barely meets or falls short of
demand, he noted, companies with electricity to sell have to worry only about
how high to set their price.
"The trader is a pawn in the generator's game to drive up prices," said Dunn.
"Trading develops a level of trust. You, my alleged competitor, will bid in
the same patterns and I will respond not in a competitive pattern but in a
complimentary pattern."
The state senator said his investigation found evidence that on several days,
energy companies appeared to test their ability to drive prices up, without
being undercut by competitors.
This ability to drive up prices without competitive consequence is a key test
of market power, the technical term for manipulation or price fixing.
But Dunn also conceded that antitrust violations can be hard to prove in
court. He suggested that even if the trading behavior falls short of
antitrust violations, it remains anti-competitive and devastating for the
California economy.
To Harry Trebing, a utility industry expert and professor emeritus at
Michigan State University, wholesale electricity trading is reminiscent of
what took place in the 1920s and early '30s. Back then, utility companies
created complex networks of holding companies that traded stock among
themselves, driving up prices in the process.
Undoing that scheme was a focus of President Franklin Roosevelt's
administration. Congress ended up barring national power companies and
tightening regulation of utilities, in an effort to counteract their tendency
to create markets that work only for insiders.
"The broad goals of trading are the same," Trebing said.
"The goal is to maximize profits through raising prices."
Daily energy costs for state fall in past weeks
By Ed Mendel
UNION-TRIBUNE STAFF WRITER
June 6, 2001
SACRAMENTO -- In some of the first good news of the electricity crisis, the
Davis administration said yesterday that the daily cost of power purchased by
the state for utility customers has dropped in recent weeks.
The price-drop news comes after an announcement that Californians conserved
more energy than expected last month, 11 percent, and amid Davis
administration optimism that the Legislature may finally begin to move on a
plan to keep Southern California Edison out of bankruptcy.
The developments, if they turn out to be a trend and not temporary, could be
among the first signs that Gov. Gray Davis' plan to end the electricity
crisis is beginning to work. But the administration isn't saying that.
"We have had a few good days here lately," said S. David Freeman, a Davis
power adviser. "I don't think that I want to project."
Some power-market watchers began to speculate last month that prices may have
peaked earlier this year. Platts, an energy information service, said
yesterday that spot prices for the natural gas used by power plants are
falling this month.
The governor's press secretary, Steve Maviglio, told reporters yesterday that
the daily amount spent on power is now "well below" $50 million, which was
the average cost earlier this year.
A 12-day gap in the most recent notice to the Legislature that another $500
million increment will be spent on power suggests that the daily average
during the last two weeks may have dropped down around $42 million.
Oscar Hidalgo, a spokesman for the state power purchasing agency, said that
the average cost of power was under $40 million during the first four days of
this month.
Maviglio attributed the lower cost to conservation, the phasing in of cheaper
long-term power contracts, fewer power plants off-line for maintenance, and
cooler weather.
However, he said, "The average cost is still way over what we paid last
year."
There was widespread skepticism in late April when the governor's consultants
predicted that the $346 per megawatt-hour average paid by the state for
non-contracted power from April through June would drop to an average of $195
from July through September.
"We are still very comfortable with the projection that Mr. Fichera and
company estimated," Maviglio said, referring to Joseph Fichera of Saber
Partners in New York.
During a briefing on May 21, Fichera told reporters that the amount of power
that the state would obtain under long-term contracts for May was expected to
be about 43 percent of the total required, the so-called net short.
Fichera said contracts already signed were expected to cover 66 percent of
the net short in June, 48 percent in July, and 42 percent in August. He said
contracts that had been agreed on in principle could increase those amounts
to 73 percent in June, 67 percent in July, and 60 percent in August.
"We are still on target. There are risks," Fichera said yesterday, among them
extended hot weather and power plant outages. "No one is popping the
champagne corks until Sept. 30."
The governor's consultants based their forecast of power demand this summer
on an estimate that Californians will reduce their electricity use by 7
percent.
The 11 percent reduction last month, as compared to May of last year, came
before the sticker shock of rate hikes that begin this month for customers of
Edison and Pacific Gas and Electric. And a $35 million ad campaign urging
conservation has not hit full stride.
Maviglio said the administration plans to release some detailed information
on Monday about the roughly $8 billion the state has spent buying power. The
general fund will be repaid by a bond of up to $13.4 billion that ratepayers
will pay off over 15 years.
Legislative leaders have demanded detailed information about power purchases
before proceeding with the Edison plan. Assembly Democrats are working on a
plan that de-emphasizes state purchase of the Edison transmission system and
would put most of the burden for paying off Edison's debt on businesses and
large users, not residences.
Five tiers sought in proposed rate boost
Conservation would be promoted, SDG&E says
By Karen Kucher
UNION-TRIBUNE STAFF WRITER
June 6, 2001
A proposed rate increase for SDG&E customers to cover the high cost of
electricity should be imposed in five tiers to encourage conservation, the
company is advising state utility regulators.
The more electricity a customer uses, the higher the rate would be.
SDG&E needs to raise its rates to bring in an additional $502 million
annually to pay the state for power purchases.
The state Public Utilities Commission is expected to rule on San Diego Gas &
Electric's rate-increase proposal June 28.
The rate changes would remove a cap that has shielded most SDG&E customers
from rising electricity prices for a year. The cap, enacted by state
lawmakers in September 2000 and retroactive to June 2000, set rates at 6.5
cents per kilowatt-hour.
Higher rates would mean the average SDG&E residential and small-business
customer's electricity bills would go up by 18 percent. Large commercial
users' bills would average 29 percent more.
Public hearings on the issue will be held next Monday and Tuesday in San
Diego, El Cajon, Escondido and San Clemente. These sessions will focus on
small-business and residential consumers. Hearings on large commercial users
were held last month.
Earlier this year, the PUC decided to allow the state's two largest
utilities, Pacific Gas and Electric and Southern California Edison, to charge
customers an extra $5.7 billion annually for electricity.
The state Department of Water Resources, which has been buying power for
SDG&E customers since February, asked SDG&E to generate a total of $915
million annually to cover the cost of electricity purchases.
With the proposed rate increases, SDG&E could do that.
Large commercial customers would pay about 30 percent of the overall increase
and residential and small-business customers would pay about 70 percent, said
Ed Van Herik, a spokesman for the utility company.
If the increase can be tiered, as many as 60 percent of residential customers
will see no rate increase if their electricity usage remains the same, Van
Herik said.
But customers who use more than 130 percent of their baseline -- considered
the minimum amount of electricity needed by a household -- will be billed at
increasingly higher rates.
Residential and small-business customers who use a lot of electricity could
pay as much as 17.89 cents per kilowatt hour for some power they consume.
Consumer advocate Michael Shames said he is concerned the utility's proposal
does not spread the increases evenly among different types of users. He also
called for more scrutiny of the state's request.
People should tell PUC officials "that this increase should not be a carte
blanche or blank check approval," said Shames, the head of Utility Consumers'
Action Network. "The PUC needs to ensure that the rate increase requested by
the (state) is reasonable."
The public hearings are scheduled for:
?Monday, 1 p.m., San Diego Concourse, Copper Room, 200 C St., San Diego.
?Monday, 7 p.m., El Cajon Community Center, 195 E. Douglas Ave., El Cajon.
?Tuesday, 1 p.m., Country Inn Hotel, 35 Via Pico Plaza, San Clemente.
?Tuesday, 7 p.m., Center for the Arts, 340 N. Escondido Blvd., Escondido.
Port budget large, but power bills loom
Slowing economy also cause for worry
By Ronald W. Powell
UNION-TRIBUNE STAFF WRITER
June 6, 2001
The "rock" is rolling financially, but there are indications that the blues
lurk on the horizon.
Officials of the San Diego Unified Port District -- headquartered in a
block-shaped building some employees call the rock -- are happy with a
projected 2001-2002 budget that is 5.1 percent larger than the current one.
Total revenue is expected to reach $208.7 million, $10.2 million above what
is expected in the fiscal year that ends June 30.
Port commissioners gave preliminary approval to the budget yesterday and are
scheduled to take a final vote July 10.
But a slowing economy and surging electric bills are causes for concern.
Electricity costs are expected to rise from $5 million to $8.2 million in the
coming fiscal year.
"As far as trends, we see a continuation of the growth we've experienced over
the past five years," said Bruce Hollingsworth, the port's treasurer. "But
our percentage of growth will not rise as sharply."
Port revenues have grown steadily since the 1997-1998 fiscal year, when $163
million was generated.
The proposed budget calls for adding 24 employees to the port's 730-member
work force. New hires will include three Harbor Police officers, 10 employees
in the aviation division and four in maritime services.
The port operates Lindbergh Field and administers nonmilitary tidelands along
San Diego Bay. It is landlord to more than 600 waterfront businesses and
operates two marine cargo terminals and one cruise ship terminal.
The budget calls for growth in each of the port's primary revenue centers:
aviation, real estate and maritime services.
Passenger and cargo activity at Lindbergh Field is expected to generate $90.7
million, or $5 million more than expected in the current year. Most of that
increase is expected to come from parking-rate increases at the airport and
at the port's long-term parking lot on Pacific Highway.
Rent from hotels and other businesses that are port tenants are expected to
total $63.1 million, up $1.8 million from the current budget.
Increases in cargo and cruise ship traffic are expected to boost maritime
income by $2.7 million, to a total of $18.4 million.
The port expects to spend $157 million on construction projects. They include
$8.5 million to relocate the General Services Department from Eighth Avenue
and Harbor Drive in San Diego to National City and more than $5 million for
paving and improvements at the 10th Avenue Marine Terminal.
Rent revenue could grow substantially in future years. Four hotel projects on
port property have won approval or are seeking it.
Jim Bailey, president of Manchester Resorts, told commissioners yesterday
that he expects to break ground on a second Hyatt tower of 750 rooms by June
26. Port officials said revenue from that hotel would bring in an additional
$3.7 million a year. It is scheduled to open in the summer of 2003.
Hollingsworth, the treasurer, said that if all four hotels are built the port
could receive as much as $15 million a year in new revenue.
Continuous use urged for planned power plant
Escondido facility originally proposed for peak demand
By Jonathan Heller
UNION-TRIBUNE STAFF WRITER
June 6, 2001
ESCONDIDO -- A proposed power plant in southwest Escondido that initially was
expected to run only during times of peak electricity demand probably will be
allowed to run full time.
A state energy official who recommended approval of the plant yesterday has
said the plant could operate as often as the state deems necessary.
The California Energy Commission was scheduled to vote on the project today.
CalPeak Power of San Diego has asked the commission to approve a 49-megawatt
plant on Enterprise Street near Vineyard Avenue. Referred to as a "peaker"
plant, such facilities typically are designed to supply energy only during
times of peak demand.
The state limits the number of hours some plants can operate to keep
pollution at a minimum. A 44-megawatt peaker plant being built on West
Mission Avenue in Escondido by Ramco Inc. will be allowed to operate no more
than 16 hours per day.
That plant is permitted to emit up to 5 parts per million of nitrogen oxide,
although its actual emissions are expected to be slightly lower, said Dale
Mesple, a Ramco consultant. Nitrogen oxide is a component of smog.
The CalPeak plant, if approved, would be restricted to 2 parts per million of
nitrogen oxide.
It was generally assumed that the CalPeak plant would operate under similar
time restrictions as the Ramco plant. The potential for air pollution was
among the chief concerns of residents who spoke at the City Council hearings
on the Ramco project and at the energy commission hearings about the CalPeak
plant.
But under the terms of approval recommended by Energy Commission Chairman
William Keese, CalPeak's plant would be able to operate "up to 8,760 hours
per year, typically when the demand for electricity is high." That number
equals 24 hours a day.
The actual number of hours would depend on the requirements of the state's
Independent System Operator, which manages the energy grid.
"We certainly want to have the flexibility to run whenever we're needed,"
said Mark Lyons, CalPeak's development director. "Exactly how often we will
run is anybody's guess."
Escondido Councilwoman June Rady said she was frustrated by the possibility
of the plant running full time. In Ramco's case, the city and the county Air
Pollution Control District made it clear how often the plant could operate.
CalPeak chose to bypass the city's permitting process and went through the
state Energy Commission, which offers an expedited 21-day approval put in
place by Gov. Gray Davis as an emergency measure.
"I think Escondido has been absolutely ignored and there's a total lack of
due process," Rady said. "It boils down to an issue of local control."
Although city officials objected to the commission pre-empting the city's
land-use authority, the commission maintained that Davis' order gave it the
final say on this type of project.
If the commission gives final approval today, the only remedy available to
the city would be in court. At least three council members must vote to
initiate legal action.
Keese's recommended approval did take into account several city concerns
regarding landscaping. The CalPeak plant would be built near the entrance of
a planned high-tech business park, and city officials were worried the
plant's appearance might hinder the ability to attract high-quality tenants
to the park.
Mayor Lori Holt Pfeiler said she was not surprised by the commission's
recommendation.
"I expected they would want to approve the project, and that's why it was
important for the city to weigh in with conditions we have in this
community," Pfeiler said.
Rising energy prices threaten Poway troupe
By Brian E. Clark
UNION-TRIBUNE STAFF WRITER
June 6, 2001
POWAY -- Rising electricity rates may extinguish the stage lights this summer
for the Poway Performing Arts Company.
"I'm afraid that if SDG&E gets the price increase it's asking for -- from 6.5
cents per kilowatt-hour to 8.9 cents -- that we'll go under," said Kathy
McCafferty, spokeswoman for the nonprofit theater.
The volunteer organization produces its plays in a building at a Poway Road
shopping center. It held three fund-raising performances over the weekend,
but officials were uncertain yesterday how much money was raised.
The group is not affiliated with the Poway Performing Arts Center and has
been in business for 20 years.
McCafferty said the group built up a $2,000 surplus last summer before energy
prices began to surge.
"That $2,000 was a big reserve for us," she said. "It seemed like a ton of
money, but, boy, it went fast. And we're really energy-dependent. Our lights
use a lot of power. And we're in Poway on the second floor of our building.
It gets hot here, and we have to use air conditioning."
But McCafferty acknowledged that the cost of power isn't the group's only
problem.
In a recent letter to backers, President Nan Katona said the organization
also needs new blood to keep operating.
"The truth is that lack of funding is just a symptom of the deeper problem,
which is lack of community support," she wrote. "Ironically, audiences and
reviewers recognize the Poway Performing Arts Company as one of the premier
community arts theaters in San Diego."
Katona said some new volunteers had stepped forward to take leadership roles
in the theater company since she wrote her letter last month. But she said
rising electricity prices could still bring the group down.
"If our energy bills double or triple, we could be in dire straits," she
said. "It could push us over the edge financially."
McCafferty said it would be difficult for the theater to cut costs.
"We can't run a much leaner operation," she said. "If our power prices go up
again, we may still be forced out of business."
The theater is at 13250 Poway Road, in the Lively Shopping Center. For more
information, call (858) 679-8085.
Fair to use generators for midway attractions
By Michael Burge
UNION-TRIBUNE STAFF WRITER
June 6, 2001
DEL MAR -- The Del Mar Fair will generate its own electricity for thrill
rides on the midway this year instead of using energy from SDG&E.
"In case there are planned or unplanned outages, we still will be operating,"
fairgrounds General Manager Timothy J. Fennell said.
Fennell decided to put the midway on generators because he didn't want the
fairgrounds pulling power from the grid while county residents are coping
with rolling blackouts at home and at work, he said.
And the fair does not want to take a chance that a rolling blackout will
leave some people stranded in rides high above the grounds, forcing an
evacuation.
The fairgrounds has been told it is exempt from rolling blackouts, but rather
than take such a risk it will rent 13 diesel-fuel generators and produce
electricity on the midway. The rest of the fairgrounds will use power from
San Diego Gas & Electric Co.
Fairgrounds operations manager Larry Baumann estimated it would cost the
fairgrounds $20,000 more to generate its own electricity than to buy it from
SDG&E.
Midway manager Donna Ruhm said it will be worth it.
"Rides that require evacuation have to have backup power and they do," Ruhm
said. "Now our service won't be interrupted."
It is not unusual for carnivals to generate their own power, and the
fairgrounds has done so in the past. Fair officials removed the generators 10
to 15 years ago to reduce noise on the midway.
The fair opens June 15 and ends July 4.
While the rest of the fairgrounds is on the SDG&E grid, Baumann said backup
generators can kick in during a typical 60-or 90-minute blackout, allowing
the fair to operate without serious difficulty. Those generators are not
linked to the midway.
All the generators are licensed by the state and meet emission standards,
fair officials said, so they do not expect the noise and odor to be
excessive.
The fairgrounds is taking the precaution of providing its own power despite
the fact that it probably will not go dark during a rolling blackout.
"SDG&E has assured me that .?.?. the fairgrounds and the racetrack will not
be on the curtailment (blackout) list during the fair and the races," said
Del Mar Fire Chief Jack Gosney.
The Del Mar Thoroughbred racing season begins July 18 and ends Sept. 5.
Gosney said SDG&E told him earlier this year that the fairgrounds was not
subject to a forced outage because it shared a circuit with the Del Mar Fire
Station, which is a 911 dispatch center and exempt from a blackout. But he
said recent research showed that the fairgrounds is on a separate circuit.
Nonetheless, Gosney said, SDG&E is exempting the fairgrounds and racetrack
during the busy summer season.
The fairgrounds paid $137,152.95 for its electricity usage from March 12 to
April 10. It paid $51,845.39 for electricity during the same period last year.
?
Wednesday, June 6, 2001
'Hi, My Name Isn't Justice, Honey,' and Shame on Lockyer
By TOM G. PALMER
?????Here's what California Atty. Gen. Bill Lockyer said at a press
conference about Enron Corp. Chairman Kenneth Lay: "I would love to
personally escort Lay to an 8-by-10 cell that he could share with a tattooed
dude who says, 'Hi, my name is Spike, honey."'
?????Here's why Lockyer should be removed from his office of public trust:
First, because as the chief law enforcement officer of the largest state in
the nation, he not only has admitted that rape is a regular feature of the
state's prison system, but also that he considers rape a part of the
punishment he can inflict on others.
?????Second, because he has publicly stated that he would like to personally
arrange the rape of a Texas businessman who has not even been charged with
any illegal behavior.
?????Lockyer's remarks reveal him to be an authoritarian thug, someone wholly
unsuited to holding an office of public trust.
?????But his remarks do have one positive merit: They tell us what criminal
penalties really entail.
?????Contrary to some depictions of prisons as country clubs, they are
violent and terrible places. More and more politicians propose criminal
sanctions for more and more alleged misdeeds, and as a result ever more kinds
of behavior are sanctioned by criminal penalties, perhaps now even selling
electricity. Those found guilty of such crimes are put into cages, where they
are deprived of their liberty and dignity and, as Lockyer so clearly
acknowledged, raped and brutalized. What's worse, Lockyer has indicated that
he believes that rape is an appropriate part of the system of punishments he
administers.
?????Should it matter that Lay is a businessman? Imagine the outcry if the
head of Enron were female. What would Lockyer's fellow Democrats have said to
that?
?????Should it matter that Lay is chairman of an electricity generator? Does
the nature of his business justify threats to escort him to his own rape?
Lockyer told the Los Angeles Times that he had singled out Enron's chairman
because the Houston-based company is the world's largest energy trader.
?????So apparently singling out a man for a heinous threat is OK because he's
the chairman of the world's largest energy trading company. That's according
to the man who, as a state senator, sponsored California's 1984 hate-crimes
law. Evidently the crusader against intimidation on the basis of race,
religion and sexual orientation feels no hesitation at all about intimidating
someone and threatening him with the brutal use of physical force simply
because he heads the world's largest energy trading company.
?????Lockyer and Gov. Gray Davis seem to think that the best way to keep the
lights on is to threaten electricity producers with brute force, rather than
to offer to pay competitive rates in competitive markets. Are energy
producers to blame for California's energy problems? No. Bad policies,
including rigid controls on retail prices of electricity, are the cause of
the problem, not the people who generate energy. Scapegoating producers and
threatening them with violence is an old ploy of authoritarians. Californians
should not stand for it.
?????An Enron spokesman said that Lockyer's chilling stated desire to arrange
the rape of Lay does not merit a response. The spokesman is wrong. Lockyer's
remarks merit public disgrace and removal from office. After all, rape is not
a form of legal justice in America--is it?
- - -
Tom G. Palmer Is a Senior Fellow at the Cato Institute in Washington. E-mail:
[email protected]
Copyright 2001 Los Angeles Times
California ; Metro Desk
U.S. Probes Alleged Pact Not to Build New Plants Power: Justice officials
focus on Southland operations of two firms, which deny wrongdoing.
MYRON LEVIN; NANCY RIVERA BROOKS
?
06/06/2001
Los Angeles Times
Home Edition
Page B-1
Copyright 2001 / The Times Mirror Company
The U.S. Department of Justice has launched an investigation into whether two
companies that control a large swath of Southern California 's electricity
supply agreed to limit power plant construction, potentially hindering
crucial energy production, according to federal records and interviews.
The civil antitrust probe of Williams Energy Services and AES Southland
represents the Justice Department's first foray into the activities of energy
suppliers who have reaped huge profits in California 's price-shocked market.
AES disclosed the investigation, which began last month, in a filing with the
Securities and Exchange Commission on Tuesday. In its papers, AES said the
Justice Department is focusing on whether its agreement with Williams could
constrain future power plant construction in Southern California .
The investigation comes at a time when the state is scrambling to get new
generators built and running to avoid blackouts and economic problems.
The government alleges that AES and Williams agreed to limit the expansion or
construction of new power plants near three facilities purchased by AES in
1998 from Southern California Edison under the state's new deregulation plan.
The plants--in Long Beach, Huntington Beach and Redondo Beach--are owned by
AES, but the electricity is sold by Williams. Under a 3-year-old deal, known
as a tolling agreement, Williams essentially rents out the capacity of the
plants for annual payments to AES. Williams supplies natural gas to fire the
plants and sells the electricity under long-term contracts and in the costly
spot market.
Williams and AES have similar tolling agreements at plants in Pennsylvania
and New Jersey. However, AES spokesman Aaron Thomas said the Justice
Department's investigative requests have focused only on agreements between
Williams and AES in Southern California .
Thomas would say only that the agreement at the center of the investigation
is simply a delineation of "how expansion or repowerings are done at the
facilities."
The three plants have a combined capacity of more than 3,900 megawatts,
enough to supply about 3 million homes. This summer, AES is bringing another
450 megawatts on line by reactivating two mothballed generators in Huntington
Beach.
Paula Hall-Collins, a spokeswoman for Tulsa-based Williams Cos., said she
believes that the investigation is unrelated to a recent inquiry by the
Federal Energy Regulatory Commission into whether AES and Williams
unnecessarily shut down plants to jack up prices. A portion of that
investigation was settled in April, when Williams, without admitting any
wrongdoing, agreed to pay about $8 million.
"We've always maintained that we've operated within the law, and we're
certain the investigation by the DOJ will find we are operating legally,"
Hall-Collins said.
Williams and AES are among the power plant owners and marketers that have
been lambasted by Gov. Gray Davis because of gold-plated electricity prices
that have pushed the state's biggest utilities to the edge of ruin and are
steadily draining the state's budget surplus.
State officials are asking FERC to revoke the rights of AES and Williams to
sell electricity at whatever price the market will bear. That right was
granted for three years, beginning in 1998 by federal regulators when
California 's $28-billion electricity market was opened to competition.
Under that plan, the rights of AES and Williams to sell into the market are
the first to come up for renewal.
AES Southland and Williams Energy Services are both arms of large energy
companies--AES Corp. of Arlington, Va., and Williams Cos. of Tulsa, Okla.
California ; Metro Desk
Natural Gas, Power Prices Drop Sharply Energy: More conservation, mild
weather are among factors keeping costs down, experts say.
RICARDO ALONSO-ZALDIVAR; NANCY VOGEL
?
06/06/2001
Los Angeles Times
Home Edition
Page B-1
Copyright 2001 / The Times Mirror Company
WASHINGTON -- The wholesale prices of electricity and natural gas in
California have fallen sharply in recent weeks, and experts said Tuesday that
the relief could be the harbinger of an energy turnaround.
Or it may be just a blip.
In the last couple of weeks, California power prices have plunged to the
lowest levels since April 2000, traders say, with electricity selling on some
days for less than $100 per megawatt-hour.
At night, when demand slackens, power sometimes sells for less than $20 per
megawatt-hour. That is reminiscent of the days before prices went haywire
last summer.
It is a drastically different scenario than the $500 to $800 the state paid
during a spate of hot weather last month.
Meanwhile, wholesale natural gas prices at a bellwether pipeline junction on
the Southern California -Arizona border dipped last week to their lowest
levels since November, according to a publication that tracks the industry.
Separately, Southern California Gas Co. and Pacific Gas & Electric Co.
reported June rate cuts for their residential gas customers of 16% and 38%,
respectively.
Experts credited a combination of conservation, mild weather, a burst of
increased hydroelectric generation and lower natural gas prices for the drop
in electricity costs.
"Conservation is starting to worry the generators, which is nice to see,"
said Severin Borenstein, director of the University of California Energy
Institute in Berkeley. Californians used 11% less energy last month than in
May 2000, according to the state Energy Commission.
"I'm worried that if we don't push harder on conservation, [prices] won't
stay down," Borenstein added.
On the natural gas side, experts said the price decline is due to replenished
storage within California , a nationwide drop in the cost of the fuel and
easing demand from power plants.
The number of shippers competing to get natural gas to the state has also
increased, with the expiration of a controversial contract on the El Paso
pipeline system last week.
But economists were reluctant to make sweeping predictions based on the
latest indicators.
"It's hard to draw specific conclusions," said Bruce Henning, who tracks the
natural gas markets for Energy and Environmental Analysis Inc., an Arlington,
Va., consulting firm.
How the summer turns out depends on the weather in the state, Henning said,
adding, "The weather represents the balance in the Southern California
market."
Natural gas fuels most California power plants. With wholesale prices
recently averaging three to four times the rates charged elsewhere in the
country, state and federal officials have despaired of chances for
controlling electricity costs.
Last Friday, however, the daily price for immediate delivery of natural gas
in Topock, Ariz., a pipeline junction near the California border, dipped to
$7.85 per million British thermal units.
According to Natural Gas Week, it was the first time since mid-November that
the price at that location had fallen below $8 per million BTUs. One million
BTUs is what a typical Southern California home uses in five or six days.
Considered a bellwether for other pipeline systems serving California , the
Topock price reached a record $56.54 per million BTUs on Dec. 8. It stood at
$9.36 per million BTUs at the close of business Tuesday, still below recent
weekly averages.
Other industry publications have also picked up signals of price declines.
Platts, the energy information division of McGraw-Hill Cos., reported Tuesday
that the price for monthly gas delivery contracts to California fell 22% in
June, following a nationwide trend.
But Henning said the drop in California prices is attributable to both lower
prices around the country and a decline in the high markups for shipping gas
to California . Those markups, which far exceed the cost of transporting gas,
have drawn the attention of state and federal investigators.
Henning said the markups are declining as depleted storage levels in
California are replenished. "Storage levels have been filling very rapidly,
and that fact is reflected in prices coming down," he said.
The link between natural gas and electricity prices is a hotly debated
subject. Some experts say high-priced natural gas is driving up the cost of
electricity . Others believe that record prices for power are raising the
prices that generators are willing to pay for their fuel.
Electricity prices that range from $20 to $200 per megawatt-hour--instead of
the $150 to $500 per megawatt-hour paid in recent months--are great news for
Gov. Gray Davis.
Average daily power prices in California for transactions through the
Automated Power Exchange have dropped from $149 per megawatt-hour last Friday
to $110 per megawatt-hour Tuesday. The exchange is a private company that
brings together electricity buyers and sellers and accounts for less than 10%
of the state's market.
Davis spokesman Steve Maviglio said Tuesday that average daily power
purchases by the state have recently dipped below $50 million.
The state has sometimes had to pay more than $100 million a day since it
started buying power in January through the Department of Water Resources.
The state stepped in because California 's two biggest utilities became too
financially crippled to withstand the prices being charged by generators.
Davis' plan to pay for past and future energy purchases with a $12.4-billion
bond issue hinges on an assumption that power prices will be driven down this
summer through long-term contracts, conservation and the construction of new
power plants.
UC Berkeley's Borenstein said conservation efforts have not gone far enough.
"You walk into most buildings and you still need a sweater," he said. "That
ain't the way to hit the target."
If Californians conserved an additional 10% off their peak usage on hot
afternoons, he said, "we could really break the backs of the generators, we
could really collapse the price."
Prices tend to skyrocket in California 's electricity market on hot
afternoons, when demand soars and grid operators must scramble to purchase
enough electricity . Cool weather, which reduces demand for air conditioning,
and conservation help keep the state from reaching such crisis situations.
Borenstein said he believes generators are also asking less money for their
electricity in part because of a federal order that took effect last month.
The order limits the price power plant owners can charge when California 's
supplies are strained.
Power sellers say there are more fundamental forces at work.
"There's more supply relative to demand, which is softening prices," said
Gary Ackerman, executive director of the Western Power Trading Forum. "The
market is working, and it's providing cheaper wholesale power more quickly
than any regulatory scheme could ever do."
*
Times staff writer Dan Morain in Sacramento contributed to this story.
RELATED STORY
PG&E wins: The utility averted a $1-billion bill for power buys. B6
(BEGIN TEXT OF INFOBOX / INFOGRAPHIC)
A Blip or a Trend?
Daily natural gas prices at the California border with Arizona--considered a
bellwether of the state's costs--have been declining in the last two weeks.
*
Natural gas price per 1 million Btu
$9.36
Source: Natural Gas Week
California ; Metro Desk
The State Utility Averts $1 Billion in Costs Courts: PG&E and Cal-ISO agree
to recognize Department of Water Resources as purchaser of the power.
TIM REITERMAN
?
06/06/2001
Los Angeles Times
Home Edition
Page B-6
Copyright 2001 / The Times Mirror Company
SAN FRANCISCO -- Pacific Gas & Electric Co. and the state's power grid
operator reached an agreement Tuesday that insulated PG&E at least
temporarily from more than $1 billion in power purchases the state made for
its customers.
The California Independent System Operator sent $1.26 billion in invoices to
the utility for power purchases by the state Department of Water Resources
for PG&E customers from January through March.
But the utility contended in Bankruptcy Court proceedings that it was not
liable for such purchases and that continued purchases would cause annual
losses of $4 billion.
After arguments before Judge Dennis Montali, PG&E and Cal-ISO agreed that the
Department of Water Resources, not PG&E, purchased the power. Cal-ISO had
argued that it was making the purchases on PG&E's behalf.
"PG&E wants to be a utility and have obligations to serve customers, but they
don't want to pay for it," Cal-ISO general counsel Charles Robinson said
later.
If PG&E refuses to pay the invoices, Robinson said, Cal-ISO will send the
bills to the Department of Water Resources, and officials there can decide
whether to pursue claims in Bankruptcy Court. A spokesman for department,
which has authorization to sell $13 billion in bonds for power purchases,
said the agency will have no comment until the matter can be studied.
State agencies have stayed out of the bankruptcy proceedings, hoping to
preserve their immunity from suits in federal court.
The agreement will be submitted for Montali's approval Monday, but the judge
said it would not be binding on the department because no one represented the
agency in court.
PG&E's own production and contracts provide the majority of the power for its
customers. But state legislation adopted this year allows the department to
secure power contracts to serve customers of ailing utilities. When a
shortage threatens the power grid, the department purchases additional power
through Cal-ISO on the spot electricity market.
PG&E filed for Chapter 11 protection from creditors on April 6, saying it was
$9 billion in debt.
Dramatic drop in cost of electricity
LOWER BILLS: Cheaper fuel, milder weather credited
David Lazarus, Chronicle Staff Writer
Wednesday, June 6, 2001
,2001 San Francisco Chronicle
URL: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/06/06/MN199202.DTL
California electricity prices have plunged unexpectedly to their lowest level
in more than a year, partly as the result of a simultaneous drop in prices
for natural gas, which fuels most power plants.
Make no mistake: Gas and electricity prices could surge upward again in
months ahead.
But for the first time since California's energy markets went haywire last
summer, industry experts are beginning to ask whether the state finally may
have turned a corner in its battle with runaway power costs.
"California is not yet out of the woods," said Kelley Doolan, who tracks
natural gas prices for energy market researcher Platts. "But this is a very
significant decrease in costs."
Along with lower gas prices, the decline in electricity costs was attributed
by state and industry officials to milder weather, which reduces demand for
power. They also credited recent conservation efforts by consumers and
better-than-expected runoff at dams for hydroelectric plants.
Gary Ackerman, executive director of the Western Power Trading Forum, an
energy-industry association, said these factors came together to produce the
lowest wholesale electricity prices since April 2000.
Electricity on the spot market could have been purchased yesterday for as
little as $50 per megawatt hour, he noted, compared with more than $500
earlier this year.
"If the weather stays this way, we could have reasonable prices all summer, "
Ackerman said. "We may also have fewer blackouts."
It is tempting for Californians to be suspicious of virtually any swing in
energy prices. If power companies manipulated prices on the way up, as
critics have alleged, might they not be up to some trick as prices head in
the opposite direction?
Nettie Hoge, executive director of The Utility Reform Network in San
Francisco, speculated that generators are allowing electricity prices to fall
so they can discourage federal regulators from taking a more active role in
the dysfunctional California market.
"They're trying to take the heat off," she said.
Others cautioned that the lower prices may be nothing more than a statistical
blip.
"This was just one month's decline," said Michael Shames, executive director
of the Utility Consumers' Action Network in San Diego. "We really have to see
how this plays out in the future."
Steve Maviglio, a spokesman for Gov. Gray Davis, said the governor was very
encouraged by the lower energy prices. Davis announced Sunday that
California's power use was down 11 percent last month from a year before.
"We're not there yet," Maviglio said of whether an end to the state's power
woes is in sight. "But the trend is pointing in the right direction."
WHITE ELEPHANT
Yet this sudden drop in energy prices does have a dark side: California could
end up with a huge white elephant after spending about $40 billion in public
funds on long-term power contracts.
The logic behind the contracts, which are at an average price of $69 per
megawatt hour over 10 years, is that the state expected to pay below-market
rates for electricity for a number of years before prices came down and
California found itself paying above-market rates.
If current trends continue, though, California will find itself paying
consistently above-market rates much sooner than expected, making the long-
term contracts a sweet deal for the same power companies that profited so
handsomely during the state's darkest hours.
"The contracts look really ugly right now," said Shames at the Utility
Consumers' Action Network. "They may be way overpriced."
Maviglio, the governor's spokesman, said it is too early to conclude that the
state did poorly negotiating dozens of long-term power contracts.
"No one has a crystal ball on this," he said.
CUSTOMERS' BILLS TO DROP
In any case, Pacific Gas and Electric Co. said yesterday that customers'
average gas bills will drop 26 percent this month to $26 and should stay near
that level all summer.
Platts, which monitors average monthly spot prices, found that the wholesale
price of gas at the California-Oregon border has tumbled nearly 42 percent
since the beginning of May -- from $9.98 per million British thermal units to
$5.81.
The wholesale gas price at the California-Arizona border fell 45 percent,
from $11.91 to $6.50. This compares with a 25 percent monthly decline in
average natural gas prices nationwide.
However, California gas prices are still about 50 percent higher than they
were a year ago, whereas national prices are now below year-ago levels for
the first time since last spring.
While cooler weather nationwide helped push gas prices down overall, Doolan
attributed the especially steep drop in California to a commensurate surge in
prices last month related to fears of a long, hot summer of rolling
blackouts.
"You had state officials all but promising rolling blackouts this summer," he
said. "That created enormous demand for electricity generation.
"What has changed is that we've had weeks of mild weather," Doolan observed.
"The electricity generators have not come out of the woodwork buying up all
the gas."
This allowed utilities like PG&E to beef up gas inventories, which eased
demand and resulted in substantially lower prices, he said.
'BACK ON TRACK'
"We're back on track to be completely full for winter," said Staci Homrig, a
PG&E spokeswoman. "That's a very good thing."
Gas prices historically dip in the spring and summer and then rise again in
the winter. PG&E is forecasting that customers' average gas bills could rise
to as high as $75 in December if current trends continue.
However, the precipitous drop in gas prices in recent weeks suggests that
California's unusually high costs at last may be abating.
Individual power companies so far are reluctant to speculate on whether the
drop in gas prices will have a lasting effect on electricity costs.
E-mail David Lazarus at [email protected].
,2001 San Francisco Chronicle ? Page?A - 1
San Jose council gives green light to generating plant
VOTE REVERSAL: Officials pressured to OK project
Marshall Wilson, Chronicle Staff Writer
Wednesday, June 6, 2001
,2001 San Francisco Chronicle
URL: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/06/06/MN167180.DTL
In a clear sign that the political landscape has shifted because of the
state's power crisis, the San Jose City Council gave a green light yesterday
for construction of a generating plant it had unanimously opposed in
November.
Yesterday's 10-to-1 vote came after months of mounting pressure for the city
to reverse course and approve the controversial 600-megawatt Calpine plant at
Coyote Valley.
That pressure -- increased by the occasional rolling blackout -- has come
from nearly every corner of the state, from elected officials to high-tech
businesses and labor unions worried the power crisis will drain away jobs,
ruin the economy and lead to voter backlash over skyrocketing energy bills.
Even the local branch of the NAACP and environmentalists pushed the council
to approve the Calpine proposal -- despite overwhelming opposition from the
plant's neighbors.
Council members did not hide their disdain yesterday for being forced to
reconsider their opposition to the so-called Metcalf Energy Center.
"I'm holding my nose to vote for this thing," said Councilwoman Linda
LeZotte.
"I'm just as unhappy as everybody else," Vice Mayor George Shirakawa said. "I
feel like no matter what happens, we can't win."
GOVERNOR OFFERED HIS SUPPORT
After the council's solid opposition in November, Calpine appealed to the
California Energy Commission, which has the final say. The controversial
plant then received a huge boost in April when Gov. Gray Davis threw his
support behind it.
San Jose officials conceded yesterday that the energy commission was likely
to override their opposition and grant approval within a few weeks. They said
the commission's likely approval was stripping them of their power to decide
local land-use issues.
"What I think has happened . . . is the governor and the Legislature at the
state level have taken this out of our hands," said Councilwoman Pat Dando.
"I don't think there's any chance at all the California Energy Commission is
going to turn down the Metcalf Energy Center," Councilman Chuck Reed said.
CONSTRUCTION MAY BEGIN SOON
If given the go-ahead by the state, Calpine could begin construction as early
as next month. The natural-gas fired plant would generate electricity by
mid-2003, company spokesman Kenneth Arbeu said.
At the urging of Mayor Ron Gonzales, the council yesterday approved a new
"cooperation agreement" with Calpine. The vote, with Councilman Forrest
Williams casting the lone nay, is preliminary while a final vote that is
scheduled for June 26.
Gonzales argued that the agreement did not amount to a flip-flop because it
differs from what Calpine proposed in November.
The agreement approved by the council calls for increased monitoring of air
pollution, the use of treated wastewater to cool the plant, which will reduce
discharges into San Francisco Bay, and a $6.5 million "community benefits"
package, with the bulk going toward parkland acquisition, Gonzales said.
"This council has not changed its decision," he said. "What we've done is
change the facility."
Critics, incensed that the city was buckling to outside pressure, vowed to
change the council at the next election.
CONCERNS OVER HEALTH RISKS
They raised concerns that boiled wastewater steam wafting over their homes
from Calpine's plant could pose health risks. Jona Denz-Hamilton said more
controls are needed to ensure the safety of neighbors like herself and her
family and argued that new, cleaner-burning technologies should be installed
at the plant.
"It's too great of a risk," she said.
Other critics said the state's energy woes will be solved and largely
forgotten by the time the plant opens in two years, while the Santa Teresa
neighborhood will be stuck with pollution for decades.
Approval seemed a given at the start of the more than three-hour hearing.
Much of the afternoon's debate focused around plans to extend a pipeline for
treated wastewater to the new plant.
Critics said Calpine was receiving a sweet deal by paying only $10 million of
the $50 million cost of extending the pipeline. Several council members asked
for a more detailed report into the financing plan before the final vote is
taken June 26.
Chronicle staff writer Bill Workman contributed to this report.
E-mail Marshall Wilson at [email protected].
,2001 San Francisco Chronicle ? Page?A - 1
Developments in California's energy crisis
Wednesday, June 6, 2001
,2001 Associated Press
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2001/06/06/state1
053EDT0177.DTL
(06-06) 07:53 PDT (AP) --
Developments in California's energy crisis:
WEDNESDAY:
* No power alerts Wednesday as reserves stay above 7 percent.
TUESDAY:
* Gov. Gray Davis' administration says the state's electricity costs are
dropping substantially, even as it asks state legislators for another
half-billion dollars for power purchases. That brings to $8.2 billion the
amount the state is paying for electricity on behalf of three financially
strapped utilities.
Spokesman Steve Maviglio says the cost to the state treasury has dropped in
the last few weeks well below the $50 million dollars the state had been
paying on a typical day. He credits cooler weather, conservation, more power
plants online and more long-term contracts with helping drive down the cost.
* A state Senate committee agrees to issue subpoenas to eight out-of-state
electricity generators demanding they hand over documents on bidding, pricing
and other aspects of power sales in the state. The subpoenas would help a
special Senate committee's investigation into whether the companies are
illegally profiteering from California's power crisis. The committee's
chairman says he expects the companies to resist, setting the stage for a
court battle.
* Oil giant Chevron threatens to cut gasoline production in California unless
it is exempted from rolling blackouts. The San Francisco Chronicle says it
has a copy of a letter sent Friday from Chevron chairman David O'Reilly to
Davis. In the letter, O'Reilly says the company will scale back gasoline
production at its Richmond and El Segundo plants, operating those refineries
only with power produced by generators at the sites.
* New U.S. Senate Majority Leader Tom Daschle, D-S.D., supports Federal
Energy Regulatory Commission price caps. "FERC must meet its obligation under
current law to ensure 'just and reasonable' prices for wholesale electricity
in the state of California. FERC has failed to meet this responsibility...,"
Daschle says in a letter to Davis. "Unless FERC acts soon, Senator (Dianne)
Feinstein's legislation should be taken up and passed to direct FERC to take
action. I will support all necessary efforts to meet that goal."
* House Subcommittee on Energy Policy, Natural Resources and Regulatory
Affairs Chairman Doug Ose, R-Sacramento, cites Electric Utility Week figures
that FERC's limited price caps helped cut California's power rates from $300
to $108.47 per megawatt hour within an hour after taking effect last week.
While he says more information is needed, Ose uses the figures to tout his
pending bill to impose the price caps around the clock and to all Western
states.
* Pacific Gas & Electric Co. asks U.S. Bankruptcy Judge Dennis Montali to
stop the manager of the state's power grid from buying electricity for
utility or charging it for any electricity bought after the utility filed for
bankruptcy on April 6. Separately, the utility's creditors support its
request to the bankruptcy court to pay out $17.5 million in bonuses to the
management team that guided the utility into bankruptcy.
* California Department of Water Resources reveals it is negotiating with
municipal utilities to buy their surplus power. Department spokesman Oscar
Hidalgo says talks began last week but no agreements are imminent.
* State lawmakers criticize a $3 million lobbying campaign by Southern
California Edison. The utility is telephoning shareholders to describe the
dire consequences if the utility goes bankrupt. The call is then transferred
to the state Capitol so shareholders can implore lawmakers to support a
controversial plan to help the utility. Legislators and their staffers say
the shareholders often are confused and scared their investments will be
degraded or wiped out.
* State Treasurer Phil Angelides joins an advocacy group for the poor in
urging the state's huge pension funds to use their economic power to leverage
power companies. The Pacific Institute for Community Organization says the
two pension funds own at least $1.2 billion in stocks and bonds in most of
the firms that sell electricity to California.
* The Assembly, by a 69-0 vote, approves a bill to spend $10 million on
environmental studies needed before Path 15, the inadequate transmission-line
group between Northern and Southern California, can be expanded. The bill
moves to the Senate.
* Pacific Gas and Electric announces a decrease in natural gas prices, down
38 percent from May's rates and 66 percent lower than January's rates. The
decline will bring the average residential gas bill to $26 when it goes into
effect June 7. Market analysts predict the rates will remain stable until
December when demand is expected to increase with winter heating loads.
* No power alerts Tuesday as electricity reserves stay above 7 percent.
* Shares of Edison International closed at $10.05, down 53 cents. PG&E Corp.
closed at $11.25, down 15 cents. Sempra Energy, the parent company of San
Diego Gas & Electric, closes at $26.91, down 43 cents.
WHAT'S NEXT:
* Davis' representatives continue negotiating with Sempra, the parent company
of San Diego Gas and Electric Co., to buy the utility's transmission lines.
THE PROBLEM:
High demand, high wholesale energy costs, transmission glitches and a tight
supply worsened by scarce hydroelectric power in the Northwest and
maintenance at aging California power plants are all factors in California's
electricity crisis.
Edison and PG&E say they've lost nearly $14 billion since June to high
wholesale prices the state's electricity deregulation law bars them from
passing on to consumers. PG&E, saying it hasn't received the help it needs
from regulators or state lawmakers, filed for federal bankruptcy protection
April 6.
Electricity and natural gas suppliers, scared off by the two companies' poor
credit ratings, are refusing to sell to them, leading the state in January to
start buying power for the utilities' nearly 9 million residential and
business customers. The state is also buying power for a third investor-owned
utility, San Diego Gas & Electric, which is in better financial shape than
much larger Edison and PG&E but also struggling with high wholesale power
costs.
The Public Utilities Commission has approved average rate increases of 37
percent for the heaviest residential customers and 38 percent for commercial
customers, and hikes of up to 49 percent for industrial customers and 15
percent or 20 percent for agricultural customers to help finance the state's
multibillion-dollar power buys.
,2001 Associated Press ?
California conserves
Wednesday, June 6, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/06/06/E
D86597.DTL
WHEN RAIN fails to fall from the sky, Californians know why there is a
drought. But when rolling blackouts suddenly appeared in the dead of winter,
many of us wondered who was responsible for and who has profited from what
now seems like an artificially created power shortage in the state.
Our skepticism proved to be right. Windfall profits were reaped by
electricity generators while natural gas importers extracted prices far above
the national average.
Timid federal overseers exact only wrist-slap penalties on the offending
energy firms. The White House scoffs at temporary controls for a
malfunctioning market. California's state government has ended up as the bill
payer for the sickly utilities, forking over $8 billion to generators. This
number may hit $40 billion by year-end.
It's an infuriating tangle. All the more remarkable, then, that skeptical
Californians have managed, within two months, to reduce their use of
electricity by 11 percent. The public's response to the governor's appeal for
energy conservation has exceeded expectations. Although many businesses have
suffered enormous losses, ordinary people have made relatively painless
sacrifices. People turned off their lights, purchased energy-efficient
lightbulbs, used air conditioning less and shut off their computers when not
in use.
Despite this remarkable civic compliance, we still face an unconscionable
lack of leadership. President Bush seems perfectly willing to allow Texas
power companies to pummel the once-powerful California economy. He repeats a
mantra about creating more supply -- which California is doing with 15 power
plants under construction -- while ignoring the outsized sums paid to a
handful of energy generators.
At the same time, Gov. Gray Davis, who has given new meaning to the word
dithering, has failed to make the tough and transparent decisions. He delayed
an inevitable rise in power rates. Davis also dragged his feet in openly
announcing new power contracts that commit California to billions in spending
over the next decade.
To Davis' credit, he has urged California to conserve by laying out an $800
million plan to cut power use and invest in energy-saving programs. The
message is getting out as higher rates take effect this month.
Despite a woefully unbalanced market and shortsighted leadership, the people
of California have demonstrated that if there is a will, there is a way.
Now it is time for our leaders to follow the wisdom of their constituents.
,2001 San Francisco Chronicle ? Page?A - 20
L.A. power customers awash in cheap energy
John Wildermuth, Chronicle Staff Writer
Wednesday, June 6, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/06/06/M
N133438.DTL
Los Angeles -- These are flush times for the city's Department of Water and
Power and the energy executives are loving every minute of it.
As are their customers.
Private power companies throughout California have been raising rates and
warning customers about a long, hot summer filled with blackouts, but the
city- owned DWP has been keeping prices stable and the lights on for 1.2
million Los Angeles customers.
"Our customers are being really nice to us," said Angelina Galiteva, the
utility's strategic planning director. "They love the DWP."
Although Gov. Gray Davis' administration announced that the state had reduced
its energy consumption 11 percent from a year ago, those in Los Angeles had
cut back less than half that -- and polls show they view the energy situation
less seriously than other Californians.
Public utilities such as Los Angeles water and power have seen their revenues
increase during the energy crunch because they can sell their excess power at
higher prices than ever before in a market tilted toward sellers.
The rest of the state doesn't always feel that same warm glow. Davis has
accused the DWP and other California public utilities of putting exorbitant
price tags on the excess electricity they sell to the rest of the energy-
starved state.
It's a charge Los Angeles utility executives deny, arguing that their excess
power is sold at cost plus 15 percent, which they say is a fair return for
their customers.
"Without our support, a million more homes (elsewhere in California) would
have suffered rolling blackouts, which is a powerful message," Galiteva said.
It wasn't supposed to be this way. When the power industry was deregulated in
the late '90s, energy giants like Pacific Gas and Electric Co. and Southern
California Edison were expected to be the big winners. Now, PG&E is in
bankruptcy and Edison is a short step away.
"When deregulation came, the experts said that the investor-owned utilities
would become lean, mean machines that would be better able to operate in the
new environment," Galiteva said. "But now public power has shown it can serve
customers more efficiently at lower rates."
While much of the state worries about electrical supply, Los Angeles
residents have been saved many of those concerns.
In a survey done last month by the Public Policy Institute of California, 48
percent of the people in the Bay Area thought that electricity cost and
availability were the most important issues facing the state. In Los Angeles,
however, only 33 percent put the energy crunch on top. When questioned about
the size of the power problem and the effect it would have on the state's
economy, Los Angeles residents were consistently less concerned than people
elsewhere in California.
People in Los Angeles have been "somewhat isolated" from the energy crisis,
concluded Mark Baldassare, who conducted the survey.
That doesn't mean the state's energy problems haven't had an effect. The DWP
has seen a 3 percent to 5 percent reduction in some uses, which officials
have dubbed "sympathy conservation." The utility also is offering its biggest
customers financial incentives to cut back on their power use.
"Our average annual load growth is about 80 megawatts," Galiteva said. "By
this summer, we expect to have saved 40 megawatts through conservation. By
December, we expect 60 megawatts in savings."
The utility also is making a major attempt to create a conservation ethic
among its customers. DWP's comfortable situation has made it possible to
offer them the carrot without the need to show them the stick.
"Conservation no longer means doing without," Galiteva said. "Beer can be
just as cold with a superefficient refrigerator. Rooms can be just as bright
with superefficient light bulbs."
A "Green Power" program also is promoting the use of renewable energy
resources such as solar, wind and hydroelectric power. About 75,000 customers
are paying an extra $3 per month to increase DWP's use of renewable power
sources.
"We're trying to give our customers a choice and a voice in determining the
mix of power they use," Galiteva said. "They know they can do (conservation)
now or see it being mandated later."
Los Angeles power officials -- and their customers -- know the DWP isn't
always going to continue as an island of tranquility in a sea of energy
turmoil. The utility's aging gas-fired plants have been affected by the
rising price of natural gas. Demand for energy continues to rise. In a debate
last month, both candidates for mayor of Los Angeles agreed that increases in
local power bills are inevitable.
But the DWP has been supplying power to Los Angeles since 1916, and its
executives believe that the state's deregulation disaster has shown the
advantages of the city-owned utility.
"It's nice to be the lean, mean, green efficient machine that no one ever
expected us to become," Galiteva said.
E-mail John Wildermuth at [email protected].
,2001 San Francisco Chronicle ? Page?A - 13
PG&E doesn't want to pay for energy to avert blackouts
DAVID KRAVETS, Associated Press Writer
Wednesday, June 6, 2001
,2001 Associated Press
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2001/06/06/state0
306EDT0102.DTL
(06-06) 00:06 PDT SAN FRANCISCO (AP) --
Pacific Gas & Electric Co. has told a bankruptcy judge it should not have to
pay for what could amount to billions of dollars in spot-market energy costs
to avert blackouts.
The company's position was one of two developments that emerged Tuesday as
the bankrupt utility tries to cope with fallout from California's power
crisis. The other development saw a group of creditors that PG&E owes
billions endorse $17.5 million in bonuses for top managers at the utility.
San Francisco-based PG&E filed for bankruptcy protection in April after
racking up an $8.9 billion debt which under state law it could not recoup
from customers.
Tuesday's court dispute centered on who pays for energy bought at the last
minute to avoid blackouts.
PG&E said an April federal regulatory decision requires that electricity can
only be sold to those with the ability to pay electricity generators. The
state is the only player with such ability, said PG&E attorney Jerome Faulk,
who argued that the utility shouldn't have to pay the $330 million in monthly
spot-market energy bills.
Judge Dennis Montali said he may craft such an order. But he said the order
would not preclude the state from suing PG&E to recover the cost.
In a separate but related development, a committee charged with devising a
payment plan for those creditors owed billions by PG&E said it will sign off
on the utility's plan to pay $17.5 million in bonuses to PG&E's management
team.
Attorney Allan Marks, who represents the committee, said such payments are
normal during large bankruptcy cases. Under the agreement, which Montali will
consider at a June 18 hearing, the company must quickly produce a debt
payment plan that passes judicial muster.
The utility said it needs the bonuses for a "management retention program."
Marks agreed. While the $17.5 million leaves less for creditors, without a
financial incentive PG&E's key top brass may not be willing to cooperate with
a payment plan, Marks said.
"The main goal for the creditors' support here is to move the bankruptcy as
quickly and smoothly as possible," Marks said.
The Utility Reform Network, a consumer watchdog group, says PG&E is simply
rewarding managers of a failed business effort.
"They're just showering money on the same people who got them in this mess,"
said TURN's Mike Florio.
The proposed bonuses would come on top of $50 million in bonuses and raises
PG&E awarded just before the April 6 bankruptcy filing.
The case is In Re Pacific Gas & Electric Co., 01-30923 DM.
,2001 Associated Press ?
Metcalf plant gets preliminary approval
Posted at 12:21 a.m. PDT Wednesday, June 6, 2001
BY MIKE ZAPLER
Mercury News
As the San Jose City Council approached its 10-1 vote Tuesday to give an
initial nod to Calpine's big power plant in South San Jose, Councilwoman
Linda LeZotte perhaps captured the body's mood best.
``I'm holding my nose to vote for this thing,'' she said. ``Without faulting
the mayor or his staff, quite frankly I think this deal stinks.''
Caught in what some members called a bind beyond their control, the council
gave preliminary approval to an agreement negotiated by Mayor Ron Gonzales
and Calpine on the company's proposed 600-megawatt Metcalf Energy Center.
Councilman Forrest Williams, who represents the Santa Teresa neighborhood
near the site, cast the lone vote against the deal.
The agreement is scheduled to come back before the council for a final vote
on June 26, but Tuesday's vote effectively shifts the battle to the courts,
where residents are expected to lodge a lawsuit in one final attempt to block
the plant.
Still, Councilwoman Pat Dando and some of her colleagues raised questions
about the deal they said they want answered before the final vote. Their
issues could be incorporated into the final deal.
Many of the concerns focused on a $50 million recycled water pipeline
Gonzales agreed to have the city build to accommodate the project, $10
million of which would be reimbursed by Calpine over 30 years.
Pipeline possibility
Dando said that a private company, Great Oaks Water, may be willing to build
the pipeline extension itself, saving the city the $50 million expense.
Officials at Great Oaks were unavailable Tuesday.
Council members peppered staff with other questions. Many were alarmed by
claims of the Silicon Valley Toxics Coalition, which said that using treated
sewage water to cool the power plant could allow dangerous chemicals to seep
into drinking water aquifers. An environmental services director said the
recycled water meets federal specifications, but that there is no protocol
for testing other chemicals not included in those standards.
Councilman Ken Yeager asked why Calpine should be allowed to spread a $3.9
million water connection fee over 10 years -- an arrangement that would
mandate an amendment to city law.
LeZotte, meanwhile, said she wants to hold Calpine accountable to install
ammonia-free technology at the plant. Ammonia is highly hazardous, and
residents say the use of the chemical to clean the plant is among their chief
concerns.
The agreement requires the company to install technology to reduce or
eliminate the use ammonia when it becomes ``technologically and economically
feasible.'' LeZotte said she wants a clear definition of ``feasible''
included in the deal.
Tuesday's vote marked a stark departure from the council's November vote to
deny Metcalf. At the time, council members said a power plant was
inappropriate for the area, and many members said Tuesday that they still
believe that.
Bowing to pressure
But with Gov. Gray Davis endorsing Metcalf in April and the California Energy
Commission widely expected to override the city's denial this month, council
members said they had no choice but to cut the best deal it could and allow
the project to proceed.
That explanation, however, didn't sit well with residents of the Santa Teresa
neighborhood adjacent to the Metcalf site, one of whom accused Gonzales and
the council of ``switching sides when the opposing team gets too close to the
goal line.''
Contact Mike Zapler at [email protected] or at (408) 275-0140.
Feds probe AES, Williams
Antitrust investigation looks into allegations of manipulated energy prices
through reduced power-plant construction.
June 6, 2001
By JAMES ROWLEY
Bloomberg News
WASHINGTON - The U.S. Justice Department opened an antitrust investigation
into California's electricity shortage by probing allegations that AES Corp.
and Williams Energy Services Co. are limiting power-plant expansion to drive
up prices.
AES Corp., the biggest U.S. power-plant developer, disclosed the
investigation in a filing with the U.S. Securities and Exchange Commission.
The Justice Department is looking into a supply-and-marketing agreement
between AES' California power-plant unit and a Williams unit that supplies
natural gas.
Williams, owner of the second-largest U.S. natural-gas pipeline system, also
markets the power produced by AES' three electricity plants in the state.
The department alleges the agreement limits expansion of generating capacity
near some AES plants.
AES said it was cooperating with the Justice Department investigation, which
began last month, into possible violations of Section 1 of the Sherman
Antitrust Act.
That provision outlaws any restraint of trade that stifles competition.
A shortage of generating capacity in California has led to soaring wholesale
prices and rolling blackouts and prompted Pacific Gas & Electric, the state's
largest utility, to seek bankruptcy protection in April.
Aaron Thomas, a spokesman for AES, based in Arlington, Va., said the U.S.
investigation started "no more than a couple of weeks ago."
Williams spokeswoman Paula Hall-Collins said the Tulsa, Okla.-based company
is cooperating.
Gina Talamona, Justice Department spokeswoman, said the agency had no
immediate comment.
The investigation was opened several weeks after the Federal Energy
Regulatory Commission investigated AES plants in Long Beach and Huntington
Beach, designated "must run" under the Federal Power Act, did not produce
electricity for 10 days in April and May 2000. Williams agreed to pay the
operator of California's electric grid $8 million to settle allegations that
it overcharged for power.
FERC charged in March that the companies had a financial incentive to keep
the units out of service to force the California Independent System Operator
to buy power from AES' plant in Redondo Beach at prices close to the
FERC-imposed cap of $750 per megawatt-hour.
AES said it was complying with a Justice Department demand for documents
about the agreement between its AES Southland LLC unit and Williams Energy
Services Co. AES Southland, which operates the three power plants, was also
asked to respond to interrogatories, the company said.
The Williams unit supplies the natural gas to fuel the AES plants and markets
the power they produce.
AES and Williams jointly produce and sell about 4,000 megawatts in California
-- 6 to 8 percent of the state's power -- enough electricity to light about 3
million typical California homes.
AES shares dropped $2.05, to $42.54. Williams Cos. shares dropped $1, to
$38.20.
Calpine Begins Construction of Peaking Energy Center in Gilroy, Calif.
June 6, 2001
SAN JOSE, Calif., June 5 /PRNewswire/ via NewsEdge Corporation -
Calpine Corporation (NYSE: CPN), the San Jose, Calif.-based independent power
company, today announced that initial construction of 135 megawatts (mw) of
peaking generation capacity will begin during this week adjacent to its
existing Gilroy Power Plant in Gilroy, Calif. Through an Application for
Certification (AFC) filed with the California Energy Commission (CEC) on
April 25, 2001, Calpine proposed to add three 45-mw simple-cycle gas turbine
peaking units in the first of a two-phase process. The California Energy
Commission approved the project on May 21, 2001.
"Because the required natural gas, water and transmission infrastructure
exists at our Gilroy plant, it is an ideal site for the addition of peaking
generation, allowing for rapid installation of needed capacity. The first
three units are expected to begin generating electricity this September,"
commented Bryan Bertacchi, Calpine Vice President - Western Region.
Upon completion the two-phase build out, the Gilroy Energy Center will be a
270-mw, natural gas-fired, simple-cycle peaking generation facility located
on approximately 9.5 acres at 1400 Pacheco Pass Highway in Gilroy. Commercial
operation of Phase One is scheduled for September 2001. An additional three
45-mw gas turbine generators will be installed in Phase Two with full
build-out estimated for May 2002. Phase Two requires the filing of an
additional application with the CEC and is subject to a four-month review
process.
Initial construction will begin this week with site and civil engineering
activities occurring for approximately six weeks at which time the site will
be cleared and leveled. Foundation work and the installation of generation
equipment will follow shortly thereafter, and commissioning and testing will
take place for a two to three week period prior to commercial operation in
September 2001.
The Gilroy Energy Center web site has been created to host all information
and updates related to this project. For additional information, please visit
www.gilroypower.com.
Calpine Corporation, based in San Jose, Calif., is dedicated to providing
customers with reliable and competitively priced electricity. Calpine is
focused on clean, efficient, natural gas-fired generation and is the world's
largest producer of renewable geothermal energy. Calpine has launched the
largest power development program in North America. To date, the company has
approximately 32,200 megawatts of base load capacity and 7,200 megawatts of
peaking capacity in operation, under construction, pending acquisitions and
in announced development in 29 states and Canada. The company was founded in
1984 and is publicly traded on the New York Stock Exchange under the symbol
CPN. For more information about Calpine, visit its Website at
www.calpine.com.
This news release discusses certain matters that may be considered
"forward-looking" statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, including statements regarding the intent,
belief or current expectations of Calpine Corporation ("the Company") and its
management. Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve a number of
risks and uncertainties that could materially affect actual results such as,
but not limited to, (i) changes in government regulations, including pending
changes in California, and anticipated deregulation of the electric energy
industry, (ii) commercial operations of new plants that may be delayed or
prevented because of various development and construction risks, such as a
failure to obtain financing and the necessary permits to operate or the
failure of third-party contractors to perform their contractual obligations,
(iii) cost estimates are preliminary and actual cost may be higher than
estimated, (iv) the assurance that the Company will develop additional
plants, (v) a competitor's development of a lower-cost generating gas-fired
power plant, and (vi) the risks associated with marketing and selling power
from power plants in the newly competitive energy market. Prospective
investors are also cautioned that the California energy environment remains
uncertain. The Company's management is working closely with a number of
parties to resolve the current uncertainty, while protecting the Company's
interests. Management believes that a final resolution will not have a
material adverse impact on the Company. Prospective investors are also
referred to the other risks identified from time to time in the Company's
reports and registration statements filed with the Securities and Exchange
Commission.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X10523723
SOURCE Calpine Corporation
CONTACT: media, Lisa Poelle, ext. 1285, or investors, Rick Barraza, ext.
1125, both of Calpine Corporation, 408-995-5115
Web site: http://www.gilroypower.com
Web site: http://www.calpine.com (CPN)
Reliant Urges FERC to Drop or Amend California Price Caps to Avoid Additional
Shortages and More Blackouts
June 6, 2001
HOUSTON, June 5 /PRNewswire/ via NewsEdge Corporation -
Reliant Energy (NYSE: REI) filed an emergency motion with the Federal Energy
Regulatory Commission (FERC) on Monday urging the agency to drop the
California price caps first applied May 29, or at a minimum, amend them to
reflect the true costs they are attempting to control. The current price
caps, which send inaccurate market signals, are actually decreasing supply
and increasing demand thus worsening an already dire situation.
"FERC has been publicly dedicated to an open market from the beginning of the
California power crisis. We encourage FERC to reexamine these price caps and
continue that dedication," said Joe Bob Perkins, president and chief
operating officer, Reliant Energy Wholesale Group. "Reliant is committed to
helping keep the lights on in California this summer and wants to ensure that
if caps must remain part of the picture, they actually help increase supply
and fix the problem."
Although the price caps were first imposed less than a week ago, they have
already begun to damage the market by decreasing supply. The price caps are
creating a myriad of problems:
-- Creates Misleading Signals - The price cap methodology is misleading
the public on the actual cost of power. Reported "dispatch" costs in
Southern California during emergencies is far below what the actual
financial settlements will be under the FERC's final market mitigation
order. This confusion results from the "proxy" price used for
dispatch utilizing an extremely distorted blended fuel cost index.
This index averages gas costs in northern and southern parts of the
state, an impossibility in the actual market. This authorizes the
California Independent System Operator (ISO) to require that
generators dispatch power at reported market clearing prices well
below actual cost when back-up generation capacity begins to dip below
7.5 percent.
-- Depletes Power from Peaking Plants - The price caps distort dispatch
signals on peaking plants, which in some cases may be run only a few
days of the year because of emission regulations. The current FERC
price controls encourage the ISO to purchase power from emergency
peaking plants before it is really needed, even in the absence of a
stage three emergency. This depletes supplies that will, by law, run
out when blackout season intensifies later this summer. This power
from peaking units should only be purchased when blackouts are
imminent -- not in stage one or two emergencies.
-- Eliminates Price Signals for Retail Customers - Price caps remove
price signals for retail customers. Customers, particularly
industrial companies, which should be encouraged to curtail during
shortages, are not encouraged to conserve power when dispatched price
caps keep prices below the actual cost to produce electricity.
-- Discourages Supply from Out-of-State - Suppliers outside of
California, who are under no legal obligation to dispatch power during
an emergency in the state, are not encouraged to increase available
production when reported market clearing prices are below their cost
to produce. During times of emergencies, utilities across the Western
region are not likely to take on additional risks and costs if they
don't believe they will be fully compensated - a situation the current
price caps create.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X43182157
SOURCE Reliant Energy
CONTACT: Maxine Enciso of Ketchum Public Relations, Los Angeles,
310-444-1303, for Reliant Energy; or media, Richard Wheatley of Reliant
Energy, 713-207-5881
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000309/DATH030 AP
Archive: http://photoarchive.ap.org PRN Photo Desk, 888-776-6555 or
212-782-2840
Company News On-Call: http://www.prnewswire.com/comp/419090.html or fax,
800-758-5804, ext. 419090
Web site: http://www.reliantenergy.com (REI)
By Kathleen McFall
[email protected]
President George W. Bush's energy package encourages the use of biomass fuels
for both transportation purposes and electricity generation. "They can
provide a reliable source of energy at a stable price, and they can also
generate income for farmers, landowners and others who harness them," his
administration's report said.
Despite this warm and fuzzy language, however, the administration offered no
tangible funding for the fledgling biofuels industry*other than an extension
of an existing ethanol tax credit that was not due to expire until 2007*a
significant disappointment, and surprise, to advocates of renewable
transportation fuels.
The report did recommend expanding tax credits for biomass energy projects to
include forest-related and agriculture fuel sources and threw its weighty
support at a new credit for electricity produced from biomass co-fired with
coal. These recommendations are already included in the president's 2002
budget.
"We are pleased that the administration included expansion of the biomass tax
credit and hope that, with congressional leadership, we will see this
expanded provision signed into law this year," said Katherine Hamilton,
co-director of the American Bioenergy Association (ABA).
Unlike other portions of the recommended energy policy, biomass energy
probably will not suffer under the recent change in Senate composition, given
Senate Majority Leader Tom Daschle's (D-S.D.) agricultural constituency and
his previous support of the biofuels industry.
According to the National Energy Policy Development report, biomass accounts
for about 76% of non-hydropower renewable electricity generation,
representing a total of about 1.6% of total U.S. electricity supply.
Biopower advocates, however, envision an even greater market penetration in
the coming decades and point to its environmental and ancillary advantages.
For example, given that biomass combustion can be carbon dioxide-neutral (if
the growth and use cycle is managed sustainably), environmental groups
support an expanded role. Farmers with marginal lands that could grow biomass
fuel could enjoy economic benefits. With large amounts of wood residue, the
forest industry also stands to benefit from wider use of wood as a power
source.
Renewable energy offers a particular advantage to the lumber and paper
industry, and many analysts project that the industry may soon become a net
seller of electricity.
"In the lumber and paper industries, wood scraps are sometimes directly fed
into boilers to produce steam for their manufacturing processes or to heat
their buildings. For that reason, renewable energy offers a particular
advantage to the lumber and paper industry, and many analysts project that
the industry may soon become a net seller of electricity," said the energy
policy report.
Co-firing with coal
Biomass*usually wood or wood residue*has traditionally been burned directly
in the industrial sector for heat or on-site electricity generation.
According to the U.S. Department of Energy (DOE), the existing 10 GW of
installed capacity are based on this direct-combustion technology.
For utilities and power-generating companies with coal-fired capacity,
however, biomass co-firing may represent one of the least-cost renewable
energy options, said the DOE. The process involves blending different
materials in varying amounts with coal.
Not only does mixing biomass with coal reduce emissions, it is likely to be
cost-effective. Southern Co. estimates that a biomass plant alone could
generate power, depending on its location, at 4 to 11 cents/kWh. Given that
the lower range of this corresponds to coal generation costs, there are
clearly circumstances where biomass-coal co-firing would be economically
attractive today. Plus, the environmental public relations benefit for
utilities with coal-fired capacity would be valuable.
Domestic biomass generation capacity could reach 20-30 GW by the year 2020 by
co-firing at existing U.S. coal-fired power plants.
According to a recent report prepared by five National Laboratories, domestic
biomass generation capacity could reach 20-30 GW by the year 2020 by
co-firing at existing U.S. coal-fired power plants.
A recent report by the United Nations Intergovernmental Panel for Climate
Change (IPCC) also cites the potential of coal co-firing with biomass. The
IPCC report concludes that co-firing in coal boilers results in the lowest
cost and least technical risk of the examined approaches for biomass
conversion to electricity.
Working out the technical kinks
Already, said the DOE, six power plants in the U.S. are currently co-firing
coal and wood residue products on a regular basis. Another 10 plants have
successfully tested co-firing over the last decade, and at least six more
plants are now conducting or planning tests.
For example, Southern Co. is working with DOE, the Southern Research
Institute and the Electric Power Research Institute to study ways to grow and
harvest switchgrass to blend with coal as a fuel for power generation.
Ideally suited for the southeastern U.S., switchgrass is a rugged grass that
can be grown on marginal agricultural land. Reaching heights of up to 12
feet, it requires little fertilization and herbicide and can be harvested
twice a year.
Harvesting methods, co-milling of switchgrass and pulverized coal,
pilot-scale co-firing tests, and a full-scale demonstration of co-firing at
Alabama Power Co.'s Plant Gadsden are part of Southern Co.'s collaborative
project.
The U.S. Agriculture Department is also taking a role in exploring the
potential of biomass and coal co-firing as a means to give farmers new
markets, especially for currently idle land. The agency recently authorized
funding for three co-firing demonstration projects.
In Iowa, the Chariton Valley Biomass Project is a cooperative effort to
develop warm and cool season grasses (such as switchgrass) to co-fire with
coal at Alliant Energy's Ottumwa Generating Station. The project is designed
to generate a sustained supply of 35 MW of biomass energy. Eventually, the
grass could substitute for as much as 5% of the coal currently burned at the
plant.
In addition to reducing coal emissions, the Chariton Valley Biomass Project
will support the local farm economy.
In addition to reducing coal emissions, the project will support the local
farm economy because the grass and trees will come from acreage taken out of
production under the Agriculture Department's Conservation Reserve Program
(CRP). CRP land is generally marginal land that the government subsidizes
farmers to leave idle to both prevent erosion and protect commodity prices
from product surpluses.
The Pennsylvania Switchgrass Energy and Conservation Project will produce
switchgrass on CRP land for sale to a local cooperative's coal-fired
fluid-bed combustors.
In New York, the Agriculture Department project will fund willow biomass
crops and switchgrass on CRP acreage in the central and western part of the
state. The primary markets for the willow biomass are two coal-burning power
plants and a small university central heating facility.
Land conflicts, transportation may be obstacles
As these pilot projects illustrate, biomass conversion efforts may have the
most significant potential in rural areas. "Since biomass is widely
distributed it has good potential to provide rural areas with a renewable
source of energy. The challenge is to provide ( conversion and delivery of
bioenergy to the marketplace in the form of modern and competitive energy
sources," said the IPCC report.
A potential drawback to co-firing is transportation. Transportation of
wood-based energy products is more costly, per unit of energy, than coal, for
example, and most analysts believe it will prove most economical to site
generation plants near biomass sources.
"The generating plant or biorefinery must be located near to the resource to
minimize transport costs of the low-energy-density biomass as well as to
minimize impacts on air and water use," the IPCC report said. However, notes
the report's authors, economies of scale may be significant enough to offset
the transport costs involved.
A potential drawback over the long term, however, for biomass conversion is
land use conflicts. The IPCC report notes that by 2100, the global land
requirement to feed the growing world population will increase substantially.
"Up until this time there may well be sufficient land to supply all demands
for food, fibre and energy, but at some stage after that, land-use conflicts
could arise and before that, competition for water and irrigation may be a
constraint."
|
{
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/-----------------------------------------------------------------\
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Word of the Day for Wednesday April 10, 2002:
pellucid \puh-LOO-sid\, adjective:
1. Transparent; clear; not opaque.
2. Easily understandable.
The prevailing atmosphere as one cruises Kukulcan
Boulevard, the busy strip where most of Cancun's 122 hotels
are clustered, remains that of an Orlando or a Las Vegas
dropped intact next to pellucid Caribbean waters.
--Larry Rohter, "What's Doing in Cancun." [1]New York
Times, March 8, 1998
In her scrupulous and pellucid prose, she appears to
distance herself from the optimistic Californian light.
--Cynthia Ozick, "What Writer's Writers Write." [2]New York
Times Magazine, January 2, 2000
_________________________________________________________
Pellucid comes from Latin pellucidus, "shining, transparent,"
from pellucere, "to shine through," from per-, "through" +
lucere, "to shine."
References
1. http://www.nyt.com/
2. http://www.nytimes.com/library/magazine/home/
_._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._
You are currently subscribed to Dictionary.com Word of the Day as:
[email protected]
To subscribe to the list by email, send a blank message to:
[email protected]
To unsubscribe via email, send a blank message to:
[email protected]
Subscriptions can be turned on and off from the Web at
http://www.dictionary.com/wordoftheday/list/
Dictionary.com Word of the Day
http://www.dictionary.com/wordoftheday/
(C) 2002 by Lexico Publishing Group, LLC.
|
{
"pile_set_name": "Enron Emails"
}
|
Anna:
Could I please have your email address? Is it "[email protected]"?
Also, are you interested in receiving Kristina Fisher's resume via facsimile?
Regards
Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
[email protected]
----- Forwarded by Sara Shackleton/HOU/ECT on 04/24/2001 08:33 AM -----
Sara Shackleton
04/20/2001 11:31 AM
To: Anna Jansson/EU/Enron@Enron
cc:
Subject: Employment Candidate
Anna:
I would like to fax the resume of Kristina Fisher to you (I do not have a
word version to email). She is the candidate about whom we spoke recently.
I have also asked Kristina to visit the website "www.enroncareers.com" and
apply through that process. I assume that you are the person who receives
inquiries on the website.
Please advise me of your fax number and I can send the resume directly to you.
Thanks so much for your interest.
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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Mark (T.) and I have recently discussed our forwarding to ENA Legal our
updated dealflow summaries so we can ensure that (1) legal coverage is being
provided for the relevant transactions and (2) there is agreement that the
"right" lawyers (both inside and outside) are being engaged.
Please feel free to distribute, as needed. I previously provided Travis with
a copy.
Let me know if you have any questions/comments.
Jordan
---------------------- Forwarded by Jordan Mintz/HOU/ECT on 10/27/2000 11:41
AM ---------------------------
Darlene C Forsyth
10/27/2000 09:56 AM
To: Jordan Mintz/HOU/ECT@ECT
cc:
Subject: Pending Transaction list
|
{
"pile_set_name": "Enron Emails"
}
|
we might get together a little earlier depending on the time of the TEXAS/lsu
game!
and it is margaritas, babe!
Shanna Husser@ENRON
06/05/2000 10:39 AM
To: Eric Bass/HOU/ECT@ECT, Timothy Blanchard/HOU/EES@EES, Matthew
Lenhart/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, [email protected],
[email protected]
cc:
Subject:
Hey guys! Christen and I are going to have a cookout/pool gathering Saturday
around 4 or so. Consider yourselves invited. We will have food and
margueritas. Christen is buying some beer- but I don't know what type. So-
if you have your own little preference- you might want to bring it. Just let
me know by Friday- so we can kind of plan numbers.
Shanna
|
{
"pile_set_name": "Enron Emails"
}
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Attached is the EPSA generator interconnection "Bill of Rights" as we
discussed.
|
{
"pile_set_name": "Enron Emails"
}
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I'll review the guaranty after lunch. Have we sent our comments back? Lisa
just did a 5-year deal with Xerox!!!!!!!!! ss
|
{
"pile_set_name": "Enron Emails"
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The following individuals will be visiting both Wheatland and Gleason:
Dave Cook??????? Senior Manager Project Development
Dave will be serving as the team leader for the site visits.? His telephone
number is 502-627-4628 and his e-mail address is [email protected]
Carl Podwoski??? Manager Business Development
Andy Stevens???? Senior Project Engineer
Charlie Braun??? Manager Operations
We will inform you of our expected arrival times after we have finalized our
travel plans.
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Thursday, October 12, 2000 7:24 PM
To: [email protected]
Subject:
Lipp:
This e-mail will confirm the site visit by your company at Gleason and
Wheatland.? The relevant information is as follows:
(Embedded image moved to file: pic26129.pcx)
Pursuant to the Site Visit Procedures sent you by CSFB, if you have not
already done so, please send me the following:
???? List of your team members and titles
???? For outside consultants, state their employer
???? Name, phone number (office and mobile) and e-mail address of your
???? designated deal team leader
Lastly, I will serve as the due diligence coordinator for Gleason and
Wheatland, handling all questions and responses.? Should you have any due
diligence questions or require copies of any oversized documents, please
contact me at 713.853.7998.
Regards,
Ben
|
{
"pile_set_name": "Enron Emails"
}
|
Good day to all,
Cougars@Enron is hosting our first annual golf tournament on March 26, 2001
at Falcon Point Golf Club in Katy. The purpose for the golf tournament is to
provide scholarships for Enron dependants to attend the University of Houston
and fund operating expenses. Mr. Lay has graciously agreed to be our
honorary chair for this event which will most certainly guarantee success. I
would like to ask that Enron participate in this event from a sponsorship
capacity. Many Enron employees, University of Houston faculty, students and
alumni will be participating and I believe that this will be a chance to
promote the Enron name in all of those areas. Considering that we are
pushing the area of recruiting with this university, this will be an
excellent way to enhance said efforts. We will be marketing the sponsors
through advertising, tournament recognition and special mention at the post
tournament reception and dinner. The levels are as follows:
Amount Level What is received
$5,000.00 Title sponsor Advertising and recognition throughout the entire
event. 2 teams of four to play the tournament. Golf shirts, lunch and
dinner for sponsor participants. Invitation to present scholarships at the
scholarship dinner subsequent to the event.
$2,500.00 Gold sponsor Advertising and recognition throughout the entire
event. 1 team of four to play the tournament. Golf shirts, lunch and
dinner for sponsor participants.
$2,500.00 Silver sponsor Advertising and recognition throughout the entire
event. 2 people to play the tournament. Golf shirts, lunch and dinner
for sponsor participants.
$100 Hole sponsor Advertising at 1 hole of the tournament.
I believe that Enron would benefit from participating in this event. The
scholarships benefits Enron employees, there are 650 Enron employees that are
graduates of the University of Houston who will take great pride in knowing
that Enron supports their university, the recruiting program will benefit
because deans, faculty, professional groups, students and alumni will be
involved which should enhance relations that would beneficial to our efforts
there.
Please let me know what we can do. I continue to believe that Cougars@Enron
is a group that can benefit the company, the employees and the university and
this tournament will be the key to its success.
Thanks for your time!!
Jeff McClellan
President-Cougars@Enron
|
{
"pile_set_name": "Enron Emails"
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Hope this makes your day!!! ;-)
- GoodMorning.pps
|
{
"pile_set_name": "Enron Emails"
}
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- mayberry.jpg
|
{
"pile_set_name": "Enron Emails"
}
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Thanks Kelly, I had a conf call yesterday with Thresa, Christy Nicolay,and
Mary Hain, and we got things squared away.
c
To: Cara Semperger/PDX/ECT@ECT
cc: Mary Hain/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Linda L
Lawrence/NA/Enron@Enron, Valarie Sabo/PDX/ECT@ECT, Thresa A
Allen/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT
Subject: Re: FERC and DOE 4th Quarter Reports
Cara,
I called you on Wednesday, 01/25/01, the same day you left me a message. It
was 5:50PM(CST) and the assistant said you were already gone home for the
day. I was out of the office yesterday and I left all of the information
with my manager (Theresa Allen) who would have been happy to explain the
report to you. Please give myself or Theresa Allen a call today and we will
any questions that you may have. Thanks!!
Cara Semperger
01/25/2001 03:33 PM
To: Mary Hain/HOU/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT, Linda L Lawrence/NA/Enron@Enron, Kelley
Huntley/HOU/ECT@ECT, Valarie Sabo/PDX/ECT@ECT
Subject: Re: FERC and DOE 4th Quarter Reports
I have gotten these documents from Tim, Val, and now you. I have tried to
get in touch with Linda Lawrence and Kelly Hutley, no answer from either of
them. I don't understand what I am looking at, and am not even really sure
what I am supposed to do with it, aside from giving it my blessing.
Until I get a response, I can't give my 'blessing'
C
Mary Hain
01/25/2001 01:08 PM
To: Cara Semperger
cc:
Subject: FERC and DOE 4th Quarter Reports
Did Tim already send you these documents for your review? If he did, have
you been working with the Houston group on them or do you want to tell me
about any problems?
---------------------- Forwarded by Mary Hain/HOU/ECT on 01/25/2001 01:17 PM
---------------------------
Linda L Lawrence@ENRON
01/23/2001 03:17 PM
Sent by: Linda L Lawrence@ENRON
To: Mary Hain/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: FERC and DOE 4th Quarter Reports
For your review are EPMI's fourth quarter reports for Canada and Mexico.
----- Forwarded by Linda L Lawrence/NA/Enron on 01/23/2001 05:14 PM -----
Joy Werner
01/23/2001 03:43 PM
To: Linda L Lawrence/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT
cc: Thresa A Allen/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Kelley
Huntley/HOU/ECT@ECT
Subject: FERC and DOE 4th Quarter Reports
There was no Mexico activity for the Fourth Quarter of 2000.
Please let me know if you all have any questions or comments regarding any of
the reports.
Thank you
Joy
|
{
"pile_set_name": "Enron Emails"
}
|
Please find attached, the detail on the name change from ECR Energy, LLC to
Northland Energy Trading, LLC
Short name changes on affected records will be coordinated with ERMS IT,
tomorrow, Fri, 02/23.
Records on the Feb 2001 report will be inactivated next Thu, 03/01.
|
{
"pile_set_name": "Enron Emails"
}
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Scott Goodell@ENRON
02/17/2000 12:45 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject:
The best contacts at Sonat are...
Jerry Nelson 205-325-7257
Lisa Guthrie 205-325-3816
|
{
"pile_set_name": "Enron Emails"
}
|
<<ledford-titan option to purchase , livingston county.DOC>>
Attached hereto, please find the draft Ledford-Titan Option to Purchase Real
Estate and Grant of Easement for your review. Per my emails with Rusty, we
intend to messenger the execution copies to the Ledford's attorney on Monday
at mid-day. Therefore, please send me your comments at your earliest
convenience. Thank you.
____________________________________________________________________________
The e-mail address and domain name of the sender changed on November 1,
1999. Please update your records.
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged. If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.
For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________
- ledford-titan option to purchase , livingston county.DOC
|
{
"pile_set_name": "Enron Emails"
}
|
Current negotiations with AALLP has provided us " a new look " at the current
lease model. It has loosened up somewhat to our benefit. AALLP has agreed
to a "two bucket" approach as indicated on the attached matrix. Note that we
may operate under this model until the EITF provides definitive guidance
which is expected in December 2001.
We should now focus on the O&M aspect of an existing or development project.
If we pass bucket one as it relates to O&M and offtake limits of 95% or less,
we will not be in a lease and do not proceed to bucket 2. Bucket two is
essentially where we have been up to now.
In a nutshell, if Enron does not operate, does not have the ability to hire
and fire the operator (must have less than 50% voting on this), does not set
or approve operating policies and procedures and takes 95% or less of the
offtake, we should not be in a lease and we stop there. If we supply the
fuel and take 95% or less of the offtake and pass O&M criteria, the fuel
supply agreement must have significant LD's. See specifics for Bucket 1 on
the attached.
NOTE: Please keep us in the loop on new deals as we roll out this new
model. We still need to scrub the deals in order to keep AALLP informed.
Please distribute to those I have missed.
R. Herman Manis
work 713 853 1779
home 713 977 6057
cell 713 870 0708
|
{
"pile_set_name": "Enron Emails"
}
|
Thank you. It means alot to have friends that are always willing to help.
Everything gets better with time and I am definitely doing better this week.
Thanks again for your thoughts.
PL
|
{
"pile_set_name": "Enron Emails"
}
|
Miller survived his first trip to Lubbock. We were planning on partying
both nights, but we're getting old. We had the lights out by 10:30 on
both nights. Are you still liking Portland? I'm sure missing it
(Portland and the office). Do you ever hear from Brysch? I've sent a
couple of emails, but he hasn't replied.
Brett
-----Original Message-----
From: Platter, Phillip [mailto:[email protected]]
Sent: Monday, November 05, 2001 2:26 PM
To: Hunsucker, Brett
Subject: RE: FW: Hey
hey!
We are all fine. How is Miller? Did he survive the trip to Lubbock..
Ha! He's right the aggies always get kicked in the cohones by the Red
Raiders. Must have been a good game. I am officially poor now thanks
to Enron's financial wizards. You have to be glad you left. drop me a
line. Take care!
-----Original Message-----
From: Hunsucker, Brett [mailto:[email protected]]
Sent: Thursday, November 01, 2001 5:47 PM
To: Platter, Phillip
Subject: RE: FW: Hey
Hey Chief,
Just checking in to see how you and the fam are doing. Hope all is
well. Holly says Hey.
Brett
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Monday, April 23, 2001 3:46 PM
To: [email protected]
Subject: Re: FW: Hey
Yo! Things are OK here. I keep seeing your truck driving around
here.
Its a bummer not seeing ya'll in it. I hope you are settling in well.
There are new faces around here everyday. I think this summer wil be
pretty exciting.
Take care.
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure
by others is strictly prohibited. If you are not the intended recipient
(or authorized to receive for the recipient), please contact the sender
or reply to Enron Corp. at [email protected] and
delete all copies of the message. This e-mail (and any attachments
hereto) are not intended to be an offer (or an acceptance) and do not
create or evidence a binding and enforceable contract between Enron
Corp. (or any of its affiliates) and the intended recipient or any other
party, and may not be relied on by anyone as the basis of a contract by
estoppel or otherwise. Thank you.
**********************************************************************
|
{
"pile_set_name": "Enron Emails"
}
|
Things are okay. May be much better in a week or two. Can you email me an update of how the 3 hedge funds are doing. I may have another chunk of money to invest should you have any good opportunities lying around. Still mainly interested in alternative investments with you. Also, can you confirm my address. I have moved recently and dont know if you have the new one. 2000 Bagby #15403; Houston 77002.
-----Original Message-----
From: "Gapinski, Michael" <[email protected]>@ENRON
Sent: Tuesday, December 04, 2001 8:00 AM
To: Arnold, John
Subject: How Goes It?
John -
I just wanted to touch base and see how you're doing through all of this. I
expect that you're still gainfully employed, given your position within the
core energy trading business. Let me know if you need anything from us.
> Michael Gapinski
> Account Vice President
> UBS PaineWebber, Inc.
> Corporate Employee Financial Services
> 713-654-0365
> 800-553-3119 x365
> Fax: 713-427-7539
> Cell: 281-435-0295
[email protected]
<<Michael Gapinski (E-mail).vcf>>
******************************************************
Notice Regarding Entry of Orders and Instructions:
Please do not transmit orders and/or instructions
regarding your UBSPaineWebber account(s) by e-mail.
Orders and/or instructions transmitted by e-mail will
not be accepted by UBSPaineWebber and UBSPaineWebber
will not be responsible for carrying out such orders
and/or instructions.
Notice Regarding Privacy and Confidentiality:
UBSPaineWebber reserves the right to monitor and
review the content of all e-mail communications sent
and/or received by its employees.
- Michael Gapinski (E-mail).vcf << File: Michael Gapinski (E-mail).vcf >>
|
{
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|
Mary Nell and Peter,
I certainly agree. I don't know if Jeff has called Mulva but that is the
right action before we do anything else. John will hear the result of that
conversation as soon as it happens.
Thanks and good luck.
Mike
Mike
Peter Crilly
06/08/2000 01:27 PM
To: Mary Nell Browning/LON/ECT@ECT
cc: Mike McConnell/HOU/ECT@ECT
Subject: Re: J-Block
Yes - let's wait til John gets back on Monday.
Thanks
P
Mary Nell Browning
08/06/2000 17:17
To: Mike McConnell/HOU/ECT@ECT, Peter Crilly/LON/ECT@ECT
cc:
Subject: Re: J-Block
Who would have thought we would ever see the day that the J-Block contract
was making so much money that the J-Block parties would intentionally default
under it? I guess we were just too good at our jobs... My quick look at the
amended contract tells me that our best contractual avenue is to analyze the
possibility of wilful default under the contract, in which case the cap on
damages would not apply. Peter, as you and I discussed, the Bacton option
may help our analysis on this. I definitely would want to get outside
counsel advice on the point, and in any event I agree that going to Mulva is
the right approach to begin with. Peter, let me know what you want me to do
next, i.e., should we let the upper management contact run its course before
I go for outside advice? I expect so, but please let me know. Ciao.
Mike McConnell
07/06/2000 14:57
To: John Sherriff/LON/ECT@ECT
cc: (bcc: Mary Nell Browning/LON/ECT)
Subject: Re: J-Block
John,
Hello from South America. I just got your email and I certainly concur with
Jeff making the call. He has maintained a good relationship with Mulva. This
was a risk that we had but we did have assurances from Phillips regarding
performance. I don't know how much it will help however. Richard Harper and
Mary Nell Browning may have some ideas here but I am sure you've already gone
through it with them. I am amazed how the details get fuzzy on an old
project. When you discussed it, i was trying to think back to our remedies
and discussions but the 3 years have made it difficult.
I don't know if there is anything I can do but I'm always willing to help.
Good luck,
Mike
John Sherriff
06/06/2000 12:09 PM
To: Jeff Skilling/Corp/Enron@ENRON
cc: Mike McConnell/HOU/ECT@ECT, Richard Lewis/LON/ECT@ECT, Peter
Crilly/LON/ECT@ECT
Subject: J-Block
I mentioned on our conference call on Monday that J-Block has had problems
meeting our nominations from the Judy/Joanne/Janice reservoirs.
Up until recent CATS maintenance shutdown on 15 May, they were making up for
reduced production volumes by nominating to supply gas at the NBP which they
are entitled but not obliged to do. Since return from outage at the end of
May they have declined to nominate at the NBP.
From 1 January to 15 May, the Sellers use of the NBP delivery option kept
underdeliveries to 350 mmcf (ie one day's maximum quantity) in total. Since
returning from the maintenance shutdown, underdeliveries have totalled 850
mmcf ( averaging 77mcf/d ).
We believe that following the sharp rise in market prices during the
maintenance period, they have decided to default on the contract rather than
make up deliveries from other sources. They have an effective cap on the
penalties of about 5 pence per therm (after taking into account the value of
the liquids) and therefore they are not making up the volumes when the daily
price is substantially higher than about 16 pence per therm.
Prior to the CATS shutdown, we had made them a proposal to enable them to
deliver additional volumes at another alternative to avoid default but they
have not responded yet.
You mentioned that in your negotiations with Phillips they had committed to
getting us all the gas regardless of the cap on the penalties. This has cost
us about $1.5 million to date and they seem to be institutionalising their
non performance. Perhaps a phone call by you might help.
By the way I will be in Houston on Thursday and Friday to meet with the
delegation from Croatia and I will probably be tied up the entire time but if
you need me
for a phone call I can break away.
John
|
{
"pile_set_name": "Enron Emails"
}
|
Per the voice and emails left for Gareth Bahlmann, you may direct ISDA
documentation to my attention.
Enron North America Corp. is the legal entity.
You may use the address information below. Our ISDA template will provide
notice information pursuant to Paragraph 12 of the multicurrency form. You
may use me as a contact lawyer initially; the transaction lawyer should
contact you shortly.
Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
[email protected]
----- Forwarded by Sara Shackleton/HOU/ECT on 01/08/2001 11:37 AM -----
Leslie Linares@ENRON
01/08/2001 11:17 AM
To: Jeff Nogid/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Details on Enron North America
Jeff,
Here is the e-mail that accompanies the voicemail message you received.
Thanks,
Brenda Funk
----- Forwarded by Leslie Linares/Corp/Enron on 01/08/2001 11:16 AM -----
"Hoekema, AH (Andries)" <[email protected]>
01/03/2001 11:21 AM
To: "'[email protected]'" <[email protected]>
cc: "Thomas, JA (Jane)" <[email protected]>, "Lauber, M (Mark)"
<[email protected]>
Subject: Details on Enron North America
Dear sir,
Your name and email address were forwarded to me by Jane Anne Thomas in our
Legal department. We are working on a structured trade with the Royal Bank
of Canada (project Cerberus) that involves Rabobank entering into a
derivative contract with Enron North America.
I am looking for the following information on Enron North America that we
need to start the processes of opening counterparty accounts and preparing
an ISDA master agreement:
- Full legal name;
- Registered Address;
- Telephone Number/Fax Number;
- Legal/Documentation contact name.
I would be very grateful if you could supply me with this information.
Regards,
Andries Hoekema
Structured Products Group
+44 20 7664 9803
+44 7879 487 550 (mobile)
==============================================================================
==================
This electronic message (email) and any attachments to it are subject to
copyright and are sent for the personal attention of the addressee. Although
you may be the named recipient, it may become apparent that this email and
its contents are not intended for you and an addressing error has been made.
This email may include information that is legally privileged and exempt from
disclosure. If you have received this email in error, please advise us
immediately and delete this email and any attachments from your computer
system.Rabobank International is the trading name of Co"peratieve Centrale
Raiffeisen-Boerenleenbank B.A. which is incorporated in the Netherlands.
Registered with the Registrar of Companies for England & Wales No. BR002630
and regulated by the SFA for the conduct of investment business in the UK.
The presence of this footnote also confirms that this email has been
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viruses prior to it being sent, however, no guarantee is given or implied
that this email is virus free upon delivery.
|
{
"pile_set_name": "Enron Emails"
}
|
-----Original Message-----
From: Capitol Connection <[email protected] <mailto:[email protected]>>@ENRON
Sent: Wednesday, October 24, 2001 11:37 AM
To: (Recipient list suppressed)@ENRON
Subject: FERC Special Meetings on Friday 10/26/01 and Monday 10/29/01
The Capitol Connection is pleased to announce that it will broadcast (via
the internet and telephone Only) the following Federal Energy Regulatory
Commission Special Meetings:
Friday, October 26, 9.30 a.m. ET
Topic: Interstate Natural Gas Facility Planning Seminar, Presentation of
Staff Findings
Monday, October 29, 1:00 p.m. ET
Topic: Technical Conference Concerning West-Wide Price Mitigation for
Winter Season & Procedures for seeking participation
If you have an annual subscription to the Capitol Connection internet
service, these meetings are included in the annual fee. Please contact us
if you are interested in signing up for either of these meetings or want to
get an annual subscription to our internet service.
The Capitol Connection offers FERC meetings live via the Internet, as well
as via Phone Bridge, and satellite, please visit our website at
www.capitolconnection.org <http://www.capitolconnection.org>. or send e-mail to [email protected] <mailto:[email protected]> for more
information. If there is a meeting you are interested in receiving, please
call 703-993-3100.
David Reininger
Meeting dates and times are subject to change without notice. For current
information, you can go to our website at www.capitolconnection.org <http://www.capitolconnection.org> and
select the FERC link or you can go to the FERC web page at www.ferc.fed.us <http://www.ferc.fed.us>.
The FERC Office of the Secretary can be reached at 202.208.0400.
|
{
"pile_set_name": "Enron Emails"
}
|
Please see attached.
Regards,
Jim
|
{
"pile_set_name": "Enron Emails"
}
|
California Lt. Gov. Cruz Bustamante and Assemblymember Barbara Matthews
(D-Tracy/Stockton area), held a press conference today to "introduce" two
new "whistleblowers" from Duke Energy's South Bay plant.? Bustamante and
Matthews have filed a class action suit against out of state energy
companies.
?
The two employees, E. Robert Edwards (who spent 22 years at the plant as an
electrician) and Richard J. Connors (21 years, started as a laborer and rose
to auxillary operator), said they had little new to offer but were there to
back up the testimony of the three former plant employees who testified
before Sen. Dunn's committee.? Among their claims were that the plant did
not run at its potential capacity during periods of rolling blackouts, that
part supplies were reduced or removed to slow maintenance, and even that the
emphasis on safety was reduced.?
?
Edwards said that?the?225 MW Unit 4 was kept offline during a period of
rolling blackouts.? He also said that Units 1 and 2 were run at 100 MW
instead of their 150 MW capacity.
?
Connors noted that units were taken offline on weekends, and that employees
"dreaded" Sunday night-Monday morning shifts because "they would have to run
around" to bring units on line.? A Duke spokesman said after the press
conference that they do shut down some of the units on weekends because the
state doesn't need the power and the cost of production is higher than the
market price.
?
The employees also claimed that one turbine which uses liquid fuel was used
more than they ever remember in place of steam turbines.? Connors said the
15 MW generated through the use of jet fuel, oil, etc. could have easily
been produced by making adjustments to one of the operating steam turbines.
?
Ray Boucher, the attorney on the case, said the alleged actions could
violate anti-trust laws.? He claimed that documents say Duke bought the
South Bay plant because they knew it would enable them to exercise market
power.
?
Bustamante dismissed the ISO's confirmation that it had ordered the plant
to?ramp?up and down during Jan. 16-18, the period discussed by the three
previous whistleblowers.? He said that Duke's withholding of electricity and
bidding practices had affected how the ISO had been forced to manage power,
and that it is essential to examine bidding records during that period.
?
Boucher said even though the state is looking at $9 billion in alleged
overcharges, the class action suit could ask for more.? "I think it goes
deeper than that (the $9 billion)," he said.
?
Bustamante made two incorrect statements during the press conference.? He
tried to bolster the credibility of Connors and Edwards by saying that they
had been kept on the job for two years after the plant's takeover by Duke,
which shows their value.? He was reminded that AB 1890 required keeping
existing employees for?two years.? (Connors said he was offered employment
by Duke but turned them down; Edwards indicated he took an enhanced
severance package.)
?
The second was in regard to a claim by one of the former employees that he
had been told that the spare parts supply had been reduced in order to lower
"inventory taxes."? Bustamante made the comment, "We don't have an inventory
tax."? It's true that California no longer taxes inventory (in retail
stores, for example), but counties do charge an ad valorem tax on on-site
business property.
?
I sat a couple of seats away from Tom Williarms, spokesman for Duke,
who?made under-the-breath comments?through most of the press conference such
as "That's so wrong."? Following the press conference, he held an
availability in the hallway.? He said that there was a fundamental
difference in operation the employees didn't understand:? The South Bay
plant now serves the ISO market, while it used to serve a targeted southern
California market under SDG&E.? Williams also claimed the plant was under
severe environmental constraints for NOx that limited its available run time.
?
Duke, he added, did not want to charge the high prices -- over $3,000/MWh
--?it did but included an 80% credit premium because the utilities were not
creditworthy.??To date, he said,?it has only received 1.8 cents on the
dollar.??Williams said Duke?tried to sell the power to DWR instead at a much
lower?rate, but was refused.?Duke has since refunded some money, Williams
said,?and?has offered to re-bill at FERC's price-mitigation rate.
|
{
"pile_set_name": "Enron Emails"
}
|
That's great for Maurice and Demetris! Maurice will make such a good
dad!
I am doing the U of H Exec MBA program. I go to school all day Friday
and Saturday every other weekend. As you can see, this is my weekend
off from class. The most attractive thing about the program is that
it's only a year long! So, we started in Jan and graduate in Dec. This
year has already been intensive though with working full-time and trying
to study, read, and write case studies. FYI-Enron's VP of Corporate
Finance (Dan Castagnola) is in my class and he is very funny. The class
discussions have been pretty interesting so far and since I am the
youngest person in the class I have learned quite a bit from others.
Almost everything is done in these teams that you stay in all year. I
know it will be worth it though come December. I would have liked to
have done UT's program because of the name and recognition but with me
being in Houston already this was most feasible. So, pray for me and I
know everything will be ok.
And yes, you are getting old but I am sure you look as young as you were
in high school 'cause I know I do! (smile)
But no, really, I do! :)
-----Original Message-----
From: Errol.McLaughlin [mailto:[email protected]]
Sent: Friday, January 19, 2001 11:29 AM
To: johnelle.s.matthews
Subject: RE: Long Time...
Maurice and Demetrius are doing great, and they just found out that
they're
pregnant! My dad is still working --- I think they are going to have to
drag him out kicking and screaming. Where are you going to school? How
long do you have left?
I'm glad you e-mailed. It is nice to catch up and see what your doing.
What's up with the 'old' crack! Baby, I'm just aging like fine wine!!!
: )
Errol L. McLaughlin
Lead - Financial Trading Risk Mgmt
Enron North America
Voice: 713-345-8274
Motorola 2Way Pgr: 1-877-241-1059 ([email protected])
|
{
"pile_set_name": "Enron Emails"
}
|
Kate, I ran the report with the exact same options and it came right up. Try
it again, exactly as before. Usually if it works for one person and not the
other it is a security issue. Let me know what happens.
Thanks,
Brett
-----Original Message-----
From: Symes, Kate
Sent: Friday, March 30, 2001 10:45 AM
To: Pate, Brett
Subject: Forward Obligation Report error
Following are the terms under which I ran the Forward Obligation report and
received this message:
General SQL error.
ORA-00907: missing right parenthesis.
Terms:
Let me know what you find. Thanks!
Kate
|
{
"pile_set_name": "Enron Emails"
}
|
Our sources in Washington have reported to us that the White House has been calling Senate offices this morning to announce that Joe Kelliher will be nominated to the open FERC seat. As you may be aware, Kelliher is currently an energy policy advisor to the Bush Administration.
Nancy Turner
Competitive Analysis
Enron Americas
Houston, Texas
Phone: (713) 345-1623
Fax: (713) 345-7297
[email protected]
|
{
"pile_set_name": "Enron Emails"
}
|
Not that this is a big deal, but I heard a voice mail from Mark stating that
Lance is the DASH guy while Mark is in DC. Maybe that was deal specific.
Maybe we can grab something quick and eat upstairs. I am underwater.
From: Carlos Sole on 04/04/2001 08:57 AM
To: [email protected]
cc:
Subject: PSEG Risk Memo
I'm going in today, can we meet for lunch?
Also, please review attached form of risk memo in which I outline the risks
that I see in the PSEG transaction. I have not elaborated the details yet
because I wnated to first confirm the outline with you. I only expect to use
bullets below the issues I've identified. Also, how much if any of this
should be added to the DASH which is also attached. Lastly, since Mark is
out this week, I've addressed the memo to Julia since she will sign the DASH
(I gave her a heads up yesterday). Thanks. I've got a 10:30 call, but will
stop by may be before or more likely after.
Carlos Sole'
Senior Counsel
Enron North America Corp.
1400 Smith Street
Houston, Texas 77002-7361
(713) 345-8191 (phone)
713 646-3393 (fax)
|
{
"pile_set_name": "Enron Emails"
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|
tEXas tailgatES talk
I hope everyone is doing okay, and you and your loved ones are safe.
The general feeling and attitude is a return to normalcy, so that's
what we are going to do here.
Off week
Texas was off last week, so there will be no mad scramble to
reschedule a game or any of the other chaos going on in the college
football world.
@ Houston - 8 pm - ESPN 2
Houston was on the way to Georgia to play the Bulldogs
prior to the cancellations.
The Cougars lost their opener to Rice, 21-14, back on September 1, and
have been off since. They gave up 354 yards rushing to the Owls, and
gained only 7 of their own. You might wonder, is Rice good? Well, they
had to stop a two point conversion and a pick off a pass in the last
minute to hold off Duke, 15-13, last week. Duke. At home.
___________________________________________________________________
It's tailgate time! The following is the schedule for all activities
for the weekend in Houston.
Wednesday, 9/19 - University of Texas Business Network Breakfast(UTBN)-
featuring Arnold Lipp of Mann, Frankfort, Stein & Lipp speaking on
"The Effects of Tax Relief."
The Junior League of Houston. 1811 Briar Oaks Lane. 7:00 a.m.
Thursday, 9/20- Thirsty Thursday
Little Woodrow's. 2301 West Alabama. 5:30 p.m. - ?
Friday, 9/21 - UTBN Golf Tournament
Blackhorse Golf Club. 12205 Fry Road. 8:00 a.m. tee-off
Friday, 9/21 - "A Night in Austin" featuring Jerry Jeff Walker with
Mark Winston Kirk.
Westside Tennis Center. 1200 Wilcrest Drive. 7:00 p.m.
Tickets are $45 per person.
Saturday, 9/22 - The tEXas tailgatES party - sponsored by
Miller Lite and Gallery Furniture.
In front of Melcher Gymnasium on Holman (next to Hoffeinz
Pavilion). 5:00 p.m.
No admittance fee, cash beer, food, etc.
For more information, click:
http://www.houston.texasexes.org/
For those of you needing bus information, the Texas Exes have buses
departing from Austin at 3:30 p.m. on game day. For more
details:
http://www.texasexes.org/news.php3?id=54
Texas/OU is right around the corner. In the coming weeks I will fill
you in on what will be happening. All of the details are listed in
the following link:
http://www.dallastexasexes.org/
Next week I will also have some more information on the plans for
Mizzou and Oklahoma State.
___________________________________________________________________
News and Notes:
?Last week I said look for Ivan Williams to become the starter at
tailback, and so it is true. The I-Train is averaging 5.7
per carry, so he's easily the best back out there right now.
?The Texas vs. Texas Tech game time has been set for 6:00 p.m. on 9/29,
and Fox Sports Network will carry it. It is as I thought it would be,
since every Texas/Tech game has been at night since 1995.
?Texas picked up it's 13th commitment of the season when Chase Pittman
pledged to Texas. The brother of Cole said, "My brother and I didn't
agree on everything, although we were best friends? We both wanted to
play for the best coach in the country." Chase said he knew at his
brother's dedication ceremony in Austin vs. UNC he was coming to Texas,
"Texas is home to me," he stated. Welcome home.
Around the Conference:
?Oklahoma starting defensive end Dan Cody has quit the team. Cody
suffers from a severe case of clinical depression, and has left to
take care of himself. Good luck, Dan.
?Former Longhorn recruit and Tennessee Volunteer Lynn McGruder has
found a new home. The Sophomore from Las Vegas was kicked off of the
ther UT football team for a felony charge of possession and intent to
deliver and sell marijuana. Kicked off of the team and facing jail
time, what new school did McGruder find to welcome him in?. That's
right, Oklahoma. Coach Stoops says he hasn't announced whether or not
McGruder will participate in football, but it seems inevitable. I smell
gunfire over c.d.'s and snowball fights that end in teargas and riot
police. Just like the 80's all over again. Welcome back, Sooner.
Talk to you next week. See you in Houston.
Trey McLean
Chapter Services Adminstrator
Texas Exes
___________________________________________________________________
If your not one yet, become one now. Join The Texas Exes.
https://www.texasexes.org/join/membership.html
Be sure and update your address, phone, and email on-line at
https://dpweb1.dp.utexas.edu/nlogon/alumni-address/
Imagine, one email address for the rest of your life!
Sign up for free email forwarding from the Texas Exes.
http://www.alumni.utexas.net/
___________________________________________________________________
FORWARD THIS EMAIL TO A FRIEND!
To subscribe to the Texas Tailgate Talk send this email to
[email protected] with SUBSCRIBE in the
subject line. Be sure and include YOUR NAME in the body
of the email.
To unsubscribe send an email with UNSUBSCRIBE in the subject
line to [email protected]. Be sure and
include YOUR NAME in the body of the email.
|
{
"pile_set_name": "Enron Emails"
}
|
----- Forwarded by Shonnie Daniel/HOU/ECT on 08/22/2000 01:26 PM -----
Jeff Gilliam@ENRON
08/22/2000 12:04 PM
To: Shonnie Daniel
cc: Ken Choyce
Subject: Equipment descriptions
Shonnie,
Let me know if this is what you need. If this does not work let me know via
my cell phone (720) 635-8054.
Jeff Gilliam
|
{
"pile_set_name": "Enron Emails"
}
|
Really? Jesus, I thought for sure I got charged. Didn't seem like I had any
extra cash on hand. I have to make sure they didn't charge me... Anyway,
I'll take care of that debt. What a joke! What happened when you put the
room on my card, Cameron? Why did I get so rejected at the ATM all weekend?
Damn irresponsible ski bums...
>From: [email protected]
>To: [email protected], [email protected], [email protected]
>Subject: Merry Xmas?
>Date: Tue, 10 Apr 2001 14:21:36 -0500
>
>Scott/Cameron:
>
>OK, wondering why there ain't no charges on your credit card from our
>FABULOUS trip to Squaw Valley? I just found out that they're all on
>mine!!?!?!? I had the best time up there, but I couldn't figure out how
>it coulda cost $1700. Just called them to inquire. They said: There's no
>mistake those are all the carges for rooms 432 and 450. They're sending
>receipts. Unreal.
>
>Best,
>Jeff
>
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com
|
{
"pile_set_name": "Enron Emails"
}
|
Attention POWER REPORT Readers: Go to
http://www.powermarketers.com/prdaily.htm to view today's edition with direct
headline links to each story.]
======================================================================
The Industry's Preferred Source For Breaking Energy News And Information
http://www.powermarketers.com
----------------------------------------------------------------------
T H E P O W E R M A R K E T E R S .C O M P O W E R R E P O R T
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PROJECT FINANCE: THE TUTORIAL
April 23-25 2001 NY NY
and
PROJECT STRUCTURING IN THE REAL WORLD:
ADVANCED SEMINAR
April 26-27 NY NY
Download the conference brochure at
http://www.pmaconference.com/pfweek.pdf
************************************************************************
NEW!!!
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European trading volumes soared in 2000. Traders now set the pace in key
markets, no matter what politicians want. And the torpor of ministries is
nowhere to be found in this business.
This major study will help you understand European power markets,
transmission networks, products and policies.
Download brochure at
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************************************************************************
--------------------T O P S T O R I E S--------------------
Top Stories (March 13)
TRANSCANADA TO BUY HYDROELECTRIC COMPANY FOR $285M
TransCanada PipeLines Ltd. has agreed to purchase Curtis Palmer Hydroelectric
Co. L.P. from International Paper Co. for about $285 million.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
03/13/eng-djn/eng-djn_160032_180_186420092359
TOWN'S OPPOSITION A HURDLE FOR $7B WISCONSIN ENERGY PLAN
Wisconsin Energy Corp. has seen growing support from citizens' groups and
even favorable comments from the governor for its $7 billion plan to boost
the state's power supply.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
03/13/eng-djn/eng-djn_130046_154_866978304926
CINERGY A HOT TARGET DESPITE PSEG DEAL DOUBTS - ANALYSTS
Though uncertainty is swirling around Public Service Enterprise Group Inc.'s
reported plan to acquire Cinergy Corp., analysts say the deal still makes
sense.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
03/13/eng-djn/eng-djn_200039_189_654697165824
POWER PLANT BUILDING BOOM IS UNDER WAY IN ARKANSAS
Arkansas is witnessing a new building boom, but it's not apartment complexes
or strip malls. It's power plants.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/03/13/krtbn/0000-0245-LR-POWER-PLANT
WESTERN U.S. GOVERNORS ASK FERC FOR TEMPORARY PRICE CAPS
The governors of California, Washington and Oregon on Monday asked the
Federal Energy Regulatory Commission (FERC) to impose temporary price caps to
stop generators from demanding "unjust and unreasonable" prices during the
region's current power crisis.
http://news.powermarketers.com/news/articles/ElectricPower/03_12_2001.reutr-st
ory-N12406357.html
----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------
Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index
CityNet Building Bandwidth's 'Last Mile' In City Sewers
Cinergy A Hot Target Despite PSEG Deal Doubts -Analysts
Fla. Power/Bill Hike -3: Cites Rising Oil, Gas Prices
Fla. Power/Bill Hike -2: Commercial Bills To Rise 13%>FPL
Fla. Power: Adjustment To Boost Residential Bills 9% >FPL
Fla. OKs Fla. Power & Light Request For Fuel Adjustment
Rural Electric Co-Ops' Chief Eyes Consumer Protections
TransCanada/Hydro -2: To 'Contribute Positively' To Earns
TransCanada Pipe To Buy Curtis Hydro From Intl Paper Co.
TransCanada To Buy Hydroelectric Co. For $285M >TRP
Town's Opposition A Hurdle For $7B Wis. Energy Pwr Plan
US Weather:Rain Seen Along East Coast, Pacific Northwest
Tyco Intl/CIT Group -4: CIT's Gamper To Remain Pres, CEO
Tyco Intl/CIT Group -3: First Call 2Q Net View 61c/Shr
Tyco Intl/CIT Group -2: Tyco Deal Is 54% Premium To CIT
Tyco To Buy Dai-Ichi Kangyo's 27% CIT Stake For Cash
Tyco Intl Confirms To buy CIT Group >TYC CIT
Philippines Napocor Retenders For Fuel Oil, Gasoil Supply
INDIA PRESS: Ispat Reviewing 354 MW Dolvi Project
REPEAT: INDIA PRESS: Ispat Reviewing 354 MW Dolvi Project
FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
www.dowjonesnews.com, and click "create account," or call
1-800-223-2274.
----------------------------------------------------------------------
N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-nat.htm
Energy Star(R) Names Johnson Controls Partner of the Year
Governor Issues Blank Check for State Agencies to Suspend Environmental,
Health Protections During Power Crunch
Rebates Planned in Power Crunch
Fidelity E & P Increases Natural Gas Reserves to Help Meet Rising National
Demand
Top Energy Summaries - Tuesday, March 13, 2001 - 5:18 PM
Hydro One Announces 2000 Year-End Financial Results
Houston Energy Expo to Feature Lessons from California Energy Crisis
West Valley City Welcomes New Power Plant
Utah Cities Power Up for Summer Crunch
Energy Solutions
Image Power Introduces First Jpeg2000 Product; Power Compressor V1.5 Is First
Commercial Release of Jpeg2000
Transalta Power, L.P. Declares Cash Distribution
Need for Power Vs. Memory of Wppss Senate: Despite Legacy of Nuclear Debacle,
Bill That Would Bypass Public Vote Requirement Sails Through
Fitch Revises Rating Outlook for Wisconsin Energy Corp.
NCE Energy Trust (Tse: Nca.Un) Completes Purchase Of $6.7
Lowering Billing Costs
Department of Energy Energy Infor Ation Administration Agency Information
Collection Activities: Proposed Collection; Comment Request
Essentialmarkets Enables Record Number of Suppliers at Idaho Power Summit
Department of Energy Federal Energy Regulatory Commission 18 Cfr Part 157
Natural Gas Pipelines; Project Cost And Annual Limits Issued February 6, 2001.
Lott Declares War in Energy Debate
N.C. Joins High Court Utility Case
Piedmont Natural Gas Files to Lower NC Rates 7%
Nipsco Names New President And CEOBarrett Hatches Leaving Alaskan Natural Gas
Company to Lead Nipsco
Management`S Discussions: 10-K, San Diego Gas & Electric CO 2 of 6
Management`S Discussions: 10-K, San Diego Gas & Electric CO 3 of 6
Management`S Discussions: 10-K, San Diego Gas & Electric CO 1 of 6
Management`S Discussions: 10-K, San Diego Gas & Electric CO 6 of 6
Management`S Discussions: 10-K, San Diego Gas & Electric CO 5 of 6
Baytex Energy Ltd. Announces Its Operating And Financial
Puget Sound Energy, Industrial Customers Agree on New Power Arrangement
Consol Energy Reports February Production Results
Repeats: Energy Volume And Open Interest Totals-Mar 13
Top Energy Summaries - Tuesday, March 13, 2001 - 2:18 PM
Davis Pressed for Energy Details: Lawmaker, Media Decry Secrecy of Power
Contracts
Energy Sites Illuminating
Time to Plan for Summer Energy Needs
Energy Update/Los Angeles Department of Water And Power Issues Daily Energy
Update for Tuesday, March 13, 2001
California Energy Crisis Evolves with Vast Social, Economic Effects
Water Outlook Grows Grimmer Dry Winter Will Hurt Irrigators, Power Suppliers
Power Woes Turn Focus to Other Energy Sources Applications for Geothermal
Projects Pile Up
Middleton Residents Hear Power Plant Plans Garnet Facility Would Be Located
Near City's Core
Merrill Says General Electric Pessimism 'Unfair' (Ge)
Fuel Cell Co. Hydrogen Burner Tech Withdraws $120m Ipo
Kinder Morgan Energy Partners Purchases Bulk Terminal on Lake Erie
Top Energy Summaries - Tuesday, March 13, 2001 - 12:26 PM
Enbridge Selects Peace Software's Energy Version 6Most Advanced Customer
Management System for Energy Retailing Propels Enbridge Into the Digital Era
New Power Plus Fund Debuts
Countdown to 10-Digit Local Dialing in 704 Area Code Winding Down
Esri, Miner And Miner, Stoner And Associates, And Geofields Inc. Provide
Consulting, Software And Services; Consumers Energy Selects Arcgis Software
Corn Belt Energy Rates to Drop Up to 20 Percent
Natural Gas Choice Up for Review
New Energy Standard from Georgia Tech Offers Long-Term Solution to Country's
Energy Challenges
Program Moderated Some Heating Bills Kn Energy Plan Allowed Customers to Lock
in Natural Gas Prices During Period of Increases Looking at Gas Bills
Top Energy Summaries - Tuesday, March 13, 2001 - 9:29 Am
EPA Administrator, Christie Todd Whitman, Recognizes 34 Leading Organizations
for Outstanding Energy Efficiency
Nexus Energyguide Acquires Utilityguide.Com Web Site; the Web's Leading
Energy Savings Site Purchases Rival Site
Lodestar Corporation Partners with Seebeyond to Deliver Enhanced Ebusiness
Solutions to Better Serve The New Energy Economy
Catalytica Energy Systems Appoints Ronald Alto As Vice President of Sales And
Services
Viador to Provide E-Portal to Pacific Gas & Electric
World Wireless Communications' X-Traweb Subsidiary Signs Marketing Agreement
with Automated Energy Inc.
International Rectifier Primary- And Secondary-Side Mosfets Improve Power
Density
Primewest Energy Trust Schedules Information Sessions About Cypress Energy
AcquisitionKelowna - Victoria - Vancouver
Exolink Corporation Processes More Than 1,000,000 Deregulated Retail Energy
Transactions in February
Pacific Gas And Electric Company Selects Viador E-Portal(TM) to Route Energy
Demand Information
Energy-saving Bills Set to Rise
Small Power Generator's Lawsuit Could Sink Struggling Utility
Top Energy Summaries - Tuesday, March 13, 2001 - 7:37 Am
The Ohio & Southwestern Energy Company - Strategic Profits Inc. Receives Irap
Approval for Funding of Automated Billing Application
Colleges Sue Enron for Pulling Power Plug / Uc, Csu Say Firm Plans Resale at
Higher Price
Contra Costa County Report ; Solano County / Still Time to Sign Up for Energy
Festival
Power Efficiency Corp. Names Douglas Finch Vice President-Operations
Businessedge Solutions And Exolink Partner to Deliver Innovative Ebusiness
Capabilities to Energy Industry
----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-intr.htm
Image Power Introduces First Jpeg2000 Product; Power
Light Looms at End of Hydro Tunnel
Russia Plans Floating Nuclear Power Plant in White Sea
Calpine Begins Electricity Deliveries to Southern California from New South
Point Energy CenterCompany Supplying Up to Full Pre-Commercial Operation
Output to California Department of Water Resources
Energy Secretary Takes Oath - Argentina
Govt., US Sign Energy Agreements - Peru
Energy-Brazil: Drought Threatens Power Supplies, Economic Growth
Westcoast Energy Establishes Brain Research Fellowships
Ecuador: Government Takes Debts of Electric Companies
Ecuador: Strategic Energy Reserves Down
FX Energy CEO Reports Developments in Poland at Cibc World Markets Energy
Conference
Cat-Leo Chooses Alstom for Small Hydro Plants - Brazil
Second Unit at Southern Ukraine Nuclear Power Plant Switched Off from System
Vestas Wind Systems Considers Investing in Germany
Brocker Technology Group Ltd - Wins Energy Utility Contract with Data
Management Solution
New Tax to Increase Energy Payments
Commercial Review: Electricity Regulator Puts Power to the People The Work to
Drive Down Generation Costs Through Renegotiating Contracts And The Further
Opening of The Electricity Market to Competition Continues for Regulator
Douglas Mcildoon. Paul Mckillion Reports
Reed Elsevier sells 9 electrical, transport, retail titles to highbury house
New energy minister appointed in Ukraine
Brocker Wins Energy Utility Contract with Data Management Solution
Tethys Energy Inc - Significant Gas Discovery
Hydro-Quebec Partners with Snc-Lavalin in An Interconnection Project in
Australia - A Partnership That Makes The Most of Hydro-Quebec And
Snc-Lavalin's Internationally Recognized Energy Expertise
Energy Consumption in South Korea Peaks
RJB Mining signs 5-yr coal supply contract with British Energy
Cutting Edge Technology Will Save Energy on Tube
Beijing Datang Power Posts Net Profit of US$166.3 Mln in 2000
Indian States to Receive Power Sector Support Worth US$16.1 Bln
----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm
Pittsburgh, Pa.-Based Gas Company to Deliver Price Decrease to Customers
The Charleston Gazette, W.VA., Edward Peeks Column
Idaho Power Company Likely to Pay Irrigators to Turn Off Pumps
Bill May Lead Oklahoma Utilities to Seek Higher Rates, Executive Says
Minneapolis-Based Alternative Energy Firm Turns to Windmill Power
California Rebates Cut Cost of Solar Power, But It's Still A Long-Term Payoff
Newark, N.J., Utility Parent Firm May Be in Talks to Buy Cincinnati Utility
Massachusetts-Based Utility Sues New York Utility for Failed Merger Deal
Florida Commission Debates Spreading Increased Utility Costs Over Two Years
Power Plant Building Boom Is under Way in Arkansas
Poll Shows Texans Worried About Electricity Deregulation
Dallas-Based Utility Diversifies Holdings to Prepare for Deregulation
Nashwauk, Minn., Considers Building Nation's First Waste-Fed Power Facility
After California's Power Problems, Texas Poll Registers Deregulation Concerns
Federal Officials Confirm Fear of Retaliation in Employees at Missouri Reactor
Energy Department to Draft New Report for Proposed National Ignition Facility
Texas Utility Official's Federal Appointment Wouldn't Affect Deregulation
New Mexico Governor Signs Bill Delaying Deregulation of Electricity
Binghamton, N.Y.-Based Utility Makes Plan to Freeze Electric Rates Official
-Oklahoma Utility Companies Try to Avoid Estimation of Usage
----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at:
http://news.powermarketers.com/news/articles/ElectricPower.html
Edison Int'l says talking with lenders as deadline looms
S&P affirms Equitable Resources rtgs, revises outlook
Calpine to supply Calif. 555-MW of power through May 15
AES NewEnergy to pay NY area clients to conserve power
Canada spot natgas weaker in mild temperatures
UPDATE 1-Belgian financier tidies web of holdings
Phelps Dodge tried options to protect energy costs
International Paper says to sell facility for $285 mln
UPDATE 1-EU wants Lithuanian N-plant decision in 2002
UPDATE 2-EU court approves German green power subsidies
TransCanada to buy two New York state power plants
Brazil Furnas to post best-ever annual result-reports
Suburban Propane CFO John Smolak resigns
*********************************************************
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NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing
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considerations. Andrew Serri, Vice President, AmerenEnergy Marketing.
RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus
far been an underwhelming success, but a great deal has been learned, and it
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MANAGING BILLING. The complex requirements for managing billing and
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|
{
"pile_set_name": "Enron Emails"
}
|
ricky ---
here are the index and nymex offers for may as of this moment:
Columbia M/L IF+$0.075 / NX1 + $0.055
Coumbia Onsh IF+$0.000 / NX1 - $0.02
Dominion SP IF+$0.0075 / NX1 + $0.3375
Texas Gas SL IF+$0.000 / NX1 - $0.0175
Transco St. 30 IF+$0.02 / NX1 - $0.06
Transco St. 45 IF+$0.01 / NX1 - $0.04
Transco St. 65 IF+$0.005 / NX1 + $0.0225
these are indicative only and suject to change.
Scott
|
{
"pile_set_name": "Enron Emails"
}
|
Are you or any of your guys interested in paticipating?
Dave
-----Original Message-----
From: Roan, Michael
Sent: Thursday, November 15, 2001 3:57 PM
To: Forster, David
Cc: Day, Smith L.; Stroup, Kerry; Nicolay, Christi L.
Subject: FW: MISO commercial operation phase-in
Importance: High
David, could you let me know who on your team has the right skillset to participate in a conference call Monday morning to discuss phase in of MISO operations. I suspect that it is the person who primarily arranges transactions through OASIS and/or schedules. As discussed on Monday afternoon this is the chance to ensure that our operational people are on top of the transition to MISO.
cheers
MR
Smith, could you let me know who the right scheduler is.....
-----Original Message-----
From: Stroup, Kerry
Sent: Thursday, November 15, 2001 1:49 PM
To: Roan, Michael
Cc: Migden, Janine
Subject: MISO commercial operation phase-in
Importance: High
Mike,
MISO announced at the Policy Subcommittee meeting yesterday that it would be phasing in Day One operations pursuant to the proposal outlined below. Commercial operations would commence on the basis of MISO's ISO (rather than RTO) status, although MISO anticipates that FERC will designate it an RTO on December 19 (this anticipation on the basis of discussions between Jim Torgenson and FERC at the NARUC meetings last week). MISO foresees many questions regarding implementation of the phasein, and is requesting that a working group representing all sectors be established to work with the transmission owners to accomplish the phase-in. A conference call will be held on Monday November 19 to put together the working group and organize its activities (call in number not yet distributed). It was clear from yesterday's meeting that the first efforts of the working group will be to work through implementation issues for the December 15 actiivities; subsequent efforts will be dedicated to January 1 and February 1 implementation. The outcome of the working group's December 15 implementation recommendations will be presented to an interim meeting of the Advisory Committee on December 5.
Midwest ISO Commercial Operations Plan
Assumptions
MISO will produce AFT calculations starting on November 27
All customer registrations compeleted by December 10
Creation by the working group of detailed implementation steps for the following activities; initial report of the working group to the Advisory Committee on December 5
November 27, 2001
Operation of OASIS and Schduling
complete testing prior to Dec 7
Run OASIS and scheduling in parallel with TO systems (tags create the schedules, so no requirement to schedule in two places)
Compete OASIS data merge needed for January 1 service
Required use of the scnedule system starting December 1 (required participation of all TOs for testing)
December 15, 2001
Security Coordination
Implement pending December 4 test results reviewed by Transmission Owners Certification Group (TOCG)
Continuation of redispatich congestion management and load curtailiment practices that exist today
Redispatch will be done within MISO by MISO
TLR authority as of December 15 rests with MISO
Coordinate with primary external bodies of either ARTO, MECCS, MAIN, ECAR
Maintenacne Coordination
Phase-in of MISO processing of maintgenance requests
MISO does not expect to pay anyone for movement of a maintenance request in December
MISO will submit process documentation and demonstrate system for TOCG on December 4
Long Term Planning
Conduct impact studies for requests more than one month out
run studies in conjunction with applicable TOs
start garthering of information and committee startup
MISO coordinates with TO long term planning activities
Market Monitor
Market Monitor begins monitoring activities
Dispute Resolution
Completion of documentation for real time dispute resolutions by Dec 4
Operations Planning
Generation Interconnection Agreement
Phase-in of GI process as filed and FERC approved
Scheduling
Continuation of current parallel operations (electronic coordination)
MISO to announce a date of when they will take a live shcedule starting after Jan 1
MISO and all TOs will post all schedules in parallel until January 1
MISO will schedule a test/demonstration date
January 1, 2002
Tariff Administration (Point-to-Point Service only)
Pending acceptable AFC calculations, may need to waive the "no later than" language for granting monthly firm load service
Settlements and Billing
Begin point-to point services billing excluding Schedule 4 on January 1, 2002 (note: MISO is reevaluating its Schedule 4, plans to withdraw it and utilize TO Schedule 4s unitl 4/1/02
Recognize and collect for the FERC approved cost adder (Schedule 10) beginning for operations on 1/1/02
Congestion Management
Need to know outcome of FERC decision on December 19th
Ancillary Services (MISO provides all but Schedule 4)
Schedule 4 policy definition completed by 1/30/02
Schedule 4 implementation of policy by 3/30/02
February 1, 2002
Network service begins under MISO tariff
Full implementation of Settlements (all schedules, except Schedule 4)
|
{
"pile_set_name": "Enron Emails"
}
|
Angela,
I'll take the 2 tickets for Feb. 25 th vs. Phoenix
Chris
|
{
"pile_set_name": "Enron Emails"
}
|
PRC Meetings begin on Monday, November 20th. If you have not already done
so, please go in to PEP at http://pep.corp.enron.com and complete the
requests for feedback on the employees listed below.
If you have any questions, please call the PEP Help Desk at:
Houston: 1-713-853-4777, Option 4
London: 44-207-783-4040, Option 4
E-mail: [email protected]
Thank you for your participation.
HARRIS, CATHY L
HELTON, JENNIFER
MURRELL, RUSSELL E
PAPAYOTI, LEE L
PERLINGIERE, DEBRA A
WALTERS, JUDITH A
|
{
"pile_set_name": "Enron Emails"
}
|
Greg,
The latest version as discussed.
Thanks
Eric Gillaspie
713-345-7667
Enron Building 3886
|
{
"pile_set_name": "Enron Emails"
}
|
Here is another services agreement - this one used as a form by EES.
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
05/27/99 02:12 PM ---------------------------
Carol St Clair
05/27/99 01:08 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject:
Mark:
Enclosed is a form of services agreement taht EES has entered into that may
be a good starting point for us in connection with the derivative services
agreement that we may want to enter into with entities like WCP.
Carol
---------------------- Forwarded by Carol St Clair/HOU/ECT on 05/27/99 01:06
PM ---------------------------
Denise LaGesse@EES
05/26/99 12:07 PM
Sent by: Kim Wilkie@EES
To: Carol St Clair/HOU/ECT@ECT
cc:
Subject:
Carol, I apologize for the delay in getting this to you. Attached is a form
that V&E just put together for us. I think the format will be good for your
purposes. Let me know if you need anything else.
Regarding World Color Press, I will give you a call. I spoke to Michelle
Maynard, the lawyer on the transaction. I need to check on a couple of other
things before we talk.
Thanks, Kim
|
{
"pile_set_name": "Enron Emails"
}
|
---------------------- Forwarded by Eric Bass/HOU/ECT on 11/15/2000 05:01 PM
---------------------------
"Election Integrity 2000" <[email protected]> on 11/15/2000
04:16:42 AM
To: [email protected]
cc:
Subject: Closing in on 100,000!
Dear Eric,
Another 25,417 Petitions were shipped to Florida today by
ElectionIntegrity2000.com.
Thanks to you we expect to have 100,000 signed petitions to
finalize the certification of the George W. Bush victory by
the end of the day today. That's great news!
ElectionIntegrity2000.com has already been mentioned on
CSPAN and in the San Francisco Chronicle, but what we really
want is to turn the heads of the major networks -- and
that's going to take numbers.
Right now the mainstream media is claiming that the will of
the people favors Al Gore. We can turn the tide --
especially if we have several hundred thousand Americans
behind us.
So don't give up! Keep forwarding our messages, or tell
your friends directly to visit
http://www.electionintegrity2000.com
"Hand counting" of ballots is still going on in
several counties in Florida. Make no mistake, this fight
is far from over. That's why we are going to keep
collecting petitions until George W. Bush is officially
certified as President-elect and until Al Gore concedes.
Remember, with every day that passes without a certified
Bush victory, Al Gore's chances of stealing this election
increase.
For Election Integrity,
Jamie Hogan
Editor
ElectionIntegrity2000.com
AOL FRIENDLY LINK:
<A HREF = "http://www.electionintegrity2000.com">ElectionIntegrity2000.com</a>
============================================================
If you would no longer like to receive information from
ElectionIntegrity2000.com, reply to this e-mail and place
the work UNSUBSCRIBE in the subject line.
============================================================
|
{
"pile_set_name": "Enron Emails"
}
|
The following expense report is ready for approval:
Employee Name: Jennifer J. Fraser
Status last changed by: Automated Administrator
Expense Report Name: jf112701
Report Total: $2,040.11
Amount Due Employee: $2,240.11
To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com
|
{
"pile_set_name": "Enron Emails"
}
|
If Chattahoochee converted all of their SFTS to FTS-1 for the purpose of release, there is no problem with a gap. If they still hold any SFTS, they cannot have FTS-1 capacity at the same time, even for 1 month.
-----Original Message-----
From: Bastida, Nancy
Sent: Friday, January 11, 2002 3:41 PM
To: King Jr., Frazier; Lokey, Teb
Cc: Trevino, Linda; Eldridge, Dale; Brown, Elizabeth
Subject: SFTS conversions
Importance: High
I have a question about the SFTS conversions that were done a while back so that the customer could utilize our capacity release program. I noticed that The City of Chattahoochee converted their SFTS to FTS-1 and that the temporary acquisitions on their FTS-1 have a gap. More specifically, they have a release in place for 10/1/02 thru 4/30/03 and the next release begins 10/1/03 thru 4/30/04. Do the releases have to be consecutive in order for them to retain their conversion to FTS-1? Because they will not have a release in place for May thru Sept. of 2003 according to their releases. Is this wrong? I haven't checked to see if this occurs on any of the other coversions and will if this is an issue. Please advise. nb
|
{
"pile_set_name": "Enron Emails"
}
|
Here is a copy of Order 637-A
*Please call or email me if you would like a copy of any other orders. The
FERC CIPS web site has been down since Friday AM.
|
{
"pile_set_name": "Enron Emails"
}
|
I need some assistance getting these deals corrected in the system for the
weekend, so that I can get my errors clear. I have tried to change the
counterparty, but I am not able. Jackie is out again today, so, I will be
behind the proverbial 8-ball and would greatly appreciate your help clearing
these things up.
Deal ticket 468688 P-MGI is in system as HPLC purch. The correct entity is
ENA IM Texas, ENA made the orig. Sale
Deal ticket 468110 D2D to deliver to Central desk at Humble is on ENA, These
tickets have always been HPLC and not ENA.
Please let me know if there is anything that I can do to speed the process.
I need to have all of my errors clean today.
Thank you,
Mary
|
{
"pile_set_name": "Enron Emails"
}
|
Vince, this will be perfect for us. We will work with Shirley while keeping
you and Krishna informed of the timing and location of the move. I will also
speak with Youyi tomorrow about our plans. Many thanks, Kim.
Vince J Kaminski@ECT
01/16/2001 01:39 PM
To: Kimberly Watson/ET&S/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
Subject: Re: Youyi
Hi Kim,
I don't see any problem. For the time being, he can keep his desk on the 19th
floor as
well ( and the same phone number). It will be helpful when he has to work
closely with Krishna
under time constraint.
At some point, as we hire more people and run out of space, we can move him
completely to
your floor.
Please, ask your assistant to call Shirley and arrange the move.
Vince
Kimberly Watson@ENRON
01/12/2001 04:21 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Pinnamaneni Krishnarao/HOU/ECT@ECT
Subject: Youyi
Hi Vince!
I hope you and a nice Christmas and New Year! It's nice to be back and in
the full swing of the new year.
I have a question for you. I spoke with Krishna prior to him leaving for
India about the possibility of moving Youyi up to our floor so that we can
work closer with him. Krishna thought that this would be a good idea. It
would be great to have Youyi with us soon so that he will be intimately
involved with the whole approach of our prototype model. Although Krishna
will be back at the end of the month, would you mind if I speak with Youyi
and begin the paperwork for moving him onto our floor? I'm not sure if
Krishna has mentioned this to Youyi yet. I did not want to surprise anyone
and wanted to run this by you or Krishna for final approval.
Many thanks, Kim.
|
{
"pile_set_name": "Enron Emails"
}
|
Thanks for the note, that's me.
We have friends in Russia as we speak adopting a girl that was hosted in the summer of 2000. We still have two to get back. Would love the opportunity to visit. We will keep you in our prayers.
God bless
Dan
Dan O. Boyle
Vice President
Enron Global Finance
Phone: 713-853-1532
Mobile: 713-417-3532
|
{
"pile_set_name": "Enron Emails"
}
|
---------------------- Forwarded by Susan M Scott/HOU/ECT on 02/24/2000 07:54
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "C. Scott" <[email protected]> 02/24/2000 06:15
AM
Please respond to "C. Scott" <[email protected]>
To: "Wilbur & Betty Williams" <[email protected]>, "Travis Kelley"
<[email protected]>, "Susan Margaret Scott" <[email protected]>, "Pat and
Paige Lentz" <[email protected]>, "Mike Oldham"
<[email protected]>, "Kana, Kristi M."
<[email protected]>, "Charlee Marshall Williamson"
<[email protected]>
cc:
Subject: Fw: You Know You're In Austin, TX When...
-----Original Message-----
From: Whitley, Stacie <[email protected]>
To: '[email protected]' <[email protected]>
Date: Wednesday, February 23, 2000 9:37 AM
Subject: FW: You Know You're In Austin, TX When...
>Know you can relate to this one!
>
>> -----Original Message-----
>> From: Kevin P. Kellar [SMTP:[email protected]]
>> Sent: Tuesday, February 01, 2000 10:25 AM
>> To: [email protected]; Mark & Stacie Whitley; Agnes Whitley
>> Subject: FW: You Know You're In Austin, TX When...
>>
>>
>> YOU KNOW YOU'RE IN AUSTIN WHEN...
>>
>> Your co-worker tells you they have 8 body piercings, but none are
visible.
>>
>> You make over $100,000 and still can't afford a house.
>>
>> You never bother looking at the Captial Metro schedule because you know
>> the
>> drivers have never seen it.
>>
>> You've been to more than one baby shower that has two mothers and a sperm
>> donor.
>>
>> You have a very strong opinion where your coffee beans are grown and can
>> taste the difference between Samatran and Ethiopian.
>>
>> A really great parking space can bring you to tears.
>>
>> You know that anyone wearing pants in November is just visiting from
Ohio.
>>
>> Your child's 3rd grade teacher has two pierced ears, a nose ring and is
>> named "Breeze." And, after telling that to a friend, they still need to
>> ask if the teacher is male or female.
>>
>> You are thinking of taking an adult education class but you can't decide
>> between Yoga, Aromatherapy, Conversational Mandarin or one on building
>> your
>> own website.
>>
>> You haven't been to Hippie Hollow since the first month you moved to
>> Austin.
>>
>> A man walks on The Drag in full leather regalia and crotchless chaps.....
>> You don't notice.
>>
>> A woman walks on The Drag with live poultry.....You don't notice.
>>
>> You think any guy with a George Clooney haircut must be visiting from the
>> Midwest.
>>
>> You know that any woman with a George Clooney haircut is not a tourist.
>>
>> You keep a list of compaies to boycott.
>>
>> Your hairdresser is straight, your plumber is gay, the man who delivers
>> your mail is straight, and your Mary Kay Lady is a guy in drag.
>>
>> You occasionally see a guy on a unicycle whiz buy you while you're in
your
>> car and you say to yourself, "Oh yeah, it's that guy again...."
>>
>> You start to worry when you don't see the cross-dressing, bearded guy
>> in-a-tutu-and-bikini-top-who-has-made-a-statement-with-his-grocery-cart-
>> and-cardboard-box-art/shelter on your way to work in the morning.
>>
>> You'll make dinner or bar plans around who's got the best margaritas.
>>
>> You have a tough time deciding on one of Austin's six 24-hour eating
>> options (IHOP, Denny's, Katz', Kerby, Stars, or Magnolia Cafe)
>>
>> You complain about their prices but still shop at Central Market for the
>> scene.
>>
>> You don't even think about getting good seats to the Longhorn's football
>> games.
>>
>> You know the exact locations of three towing yards.
>>
>> Your summer shoes are your Birks and your winter shoes are your Birks
with
>> socks.
>>
>> Your entire wardrobe consists of: a black tank-top, a GAP white T-shirt,
>> second hand Levi's, second hand cut-off Levi's, overalls, Longhorn
sweats,
>> anything polyester from the 70s, a bikini, Tevas, Birks, and running
>> shoes.
>>
>> Dressing up to go out for a woman means throwing a tank top on over the
>> sports bra you've had on all day because it's so DAMN HOT!
>>
>> You often find yourself wondering why magazine editors insist that
>> swimsuit season starts on Memorial Day when it's really the end of
>> February or at the latest, the beginning of March.
>>
>> You consider chips, salsa, Kerby Queso, and Shiner Bock Beer a
>> well-balanced meal.
>>
>> You find yourself making beaded necklaces to give as Christmas gifts.
>>
>> 100 degrees for three straight months isn't unreasonalble, 110 degrees
is.
>> (And 90 degrees anywhere between May and September seems a bit chilly)
>>
>> You figure skin cancer is inevitable beacuse it is so hot that even your
>> sunscreen won't stay on.
>>
>> When you go out, you make sure you've grabbed you waterbottle before
>> checking to see if you've got your wallet and keys.
>>
>> You don't mind parking a mile away as long as it's in the shade.
>>
>> You spend so much time at MoJo's Coffee House you finally start bringing
>> in
>> your own CD's for the staff to play.
>>
>> Your professor decides in the middle of the Government lecture that now's
>> as good of time as ever to tell his class of 500 he's gay. Like you
>> didn't
>> know. Like you even care.
>>
>> (Gals) You ask yourself constantly if that's a cute guy or a butch girl.
>>
>> And you don't really care either way because it's fun to wonder.
>>
>> You'd rather ride your bike than get in a car without air conditioning.
>> At least on your bike, you're guaranteed a breeze regardless of traffic.
>>
>> You see more Texas flags flying than American flags.
>>
>>
>>
>>
>>
>>
>>
>
>
|
{
"pile_set_name": "Enron Emails"
}
|
The request has been completed with all resources requested either completed
or rejected. You can view the details of the request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000007641&Page=
MyReq.
|
{
"pile_set_name": "Enron Emails"
}
|
please print these for me. thanks. ss
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 12/14/99 01:33
PM ---------------------------
"DALLAS GUEST ACCOUNT #2" <[email protected]> on 12/13/99 09:47:37 AM
To: Catherine Clark/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Donald W
Herrick/HOU/ECT@ECT, Gareth Bahlmann/HOU/ECT@ECT, Alicia
Goodrow/Corp/Enron@ENRON, Sara Shackleton/HOU/ECT@ECT,
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected]
cc: "DAVID BARBOUR" <[email protected]>, "DALLAS GUEST ACCOUNT #2"
<[email protected]>, "DEBORAH LOWE" <[email protected]>, "SCOTT
OLSON" <[email protected]>, "TOM POPPLEWELL" <[email protected]>,
"MARTHA WELMAKER" <[email protected]>
Subject: Revised Ghost Swap Documents
I attach the swap confirmation and schedule, marked against the versions
previosly circulated.
The amendments reflect:
1. The relevant provisions of the August Citibank Revolver
2. The fact that Enron Corp. is now the direct swap counterparty.
3. Comments from Enron in-house counsel. In particular, I am told that a
simplified payment provision is now generally being used in the swap confirm
(see Section 2)
Please call with any questions or comments.
Danny Sullivan 214 659 4409
- 216480.wpd
- 216444v5.wpd
- 216480.doc
- 216444v5.doc
|
{
"pile_set_name": "Enron Emails"
}
|
fyi
---------------------- Forwarded by Julia H Chin/NA/Enron on 08/18/2000 11:00
AM ---------------------------
Ryan Siurek
08/17/2000 03:35 PM
To: Julia H Chin/NA/Enron@Enron
cc:
Subject: RE: EITF 00-19
fyi
---------------------- Forwarded by Ryan Siurek/Corp/Enron on 08/17/2000
03:36 PM ---------------------------
Ryan Siurek
08/17/2000 03:35 PM
To: [email protected]
cc:
Subject: RE: EITF 00-19
FYI
Ryan
|
{
"pile_set_name": "Enron Emails"
}
|
FYI. Michelle
---------------------------------------------------------------------------------------------------------
Michelle Cash
Enron North America Corp.
1400 Smith Street, EB 3823
Houston, Texas 77002
(713) 853-6401
[email protected]
This message may contain confidential information that is protected by the attorney-client and/or work product privileges.
----- Forwarded by Michelle Cash/HOU/ECT on 05/11/2001 04:28 PM -----
"Notestine, Kerry" <[email protected]> 05/09/2001 09:52 AM To: "'[email protected]'" <[email protected]> cc: Subject: FW: FORM/MEMO RE H-2B PROCESS
Michelle:
As indicated in my voice mail to you, the email I sent to David Lund for
your information.
Kerry E Notestine
Littler Mendelson, PC
1900 Chevron Tower
1301 McKinney Street
Houston, Texas 77010
713.652.4748
713.951.9212 (fax)
[email protected]
www.littler.com
> -----Original Message-----
> From: Notestine, Kerry
> Sent: Wednesday, May 09, 2001 9:33 AM
> To: '[email protected]'
> Cc: Kuck, Charles; de Bernardo, Mark
> Subject: FORM/MEMO RE H-2B PROCESS
>
> <<2KQ901!.doc>>
>
>
> David:
>
> As I indicated on my voice mail to you, I am sending you an information
> flyer regarding the H2B visa process. From reading this process, this
> looks like the procedure that you may want to pursue. The head of our
> immigration practice with substantial experience with these types of visas
> is as follows:
>
> Charles H. Kuck
> Littler Mendelson, P.C.
> 3348 Peachtree Rd., Suite 1100
> Atlanta, Georgia 30326
> http://www.littler.com
> 404/760-3907
> (F) 404/233-2361
> [email protected]
>
> Charles' last name is pronounced "Cook." I encourage you to contact him
> directly with questions about the process, whether it fits your needs, and
> the cost that we would charge for these visas.
>
> If this is not what you were looking for, let me know. We would be happy
> to assist you in approaching appropriate members of congress on this
> issue.
>
> Kerry E Notestine
> Littler Mendelson, PC
> 1900 Chevron Tower
> 1301 McKinney Street
> Houston, Texas 77010
> 713.652.4748
> 713.951.9212 (fax)
> [email protected]
> www.littler.com
>
----
This email 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 by reply email and delete all copies of this message.
To reply to our email administrator directly, send an email to
[email protected]
Littler Mendelson, P.C.
http://www.littler.com
- 2KQ901!.doc
|
{
"pile_set_name": "Enron Emails"
}
|
Enron Mexico Holdings 3 Ltd., a Cayman Islands corporation, changed its name
to Enron BW Holdings Ltd. on December 11, 2000. At the same time its stock
was transferred from Enron North America Corp. to Enron Corp. Evidence of
the name change is on file in the 48th floor corporate vault.
Please notify appropriate people in your group.
NOTE: Sylvia Hu - evidence to follow by hand.
Kate B. Cole
Director, Corporate Services
Enron Corp.
Tel: (713) 853-1624
FAX: (713) 646-8007
Email: [email protected]
|
{
"pile_set_name": "Enron Emails"
}
|
Carol: I'm glad you've identified these specific line items. I think credit
should have a "separate worksheet" and make a determination for each question
you've listed. For exampe, I think the GP should be a Specified Entity. One
issue I've experienced with credit is the existence of several LPs in a given
structure, only one of which owns any operating assets, and there are no
financials for that LP, but only financials on a consolidated basis at a
different level. How does credit identify the counterparty, much less
determine if that counterparty is an ESP?
I also wonder how many partnerships we have agreements with which may be
inadequate. And, when credit approves omnibus Transactions with a
partnership, is it making a sufficient analysis? A separate list would help
in the evaluation.
Are we going to have another credit lunch? Hope all is going well. Sara
Carol St Clair
02/28/2000 12:11 PM
To: Marie Heard/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Susan
Bailey/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT
Subject: Counterparties that are LP's
Although we didn't get to discuss this at our credit luncheon, particularly
we some of the less-experienced credit folks, when we receive a worksheet
from them where the counterparty is a limited partnership, it may be
advisable to ask them the following questions:
1. Should the GP be designated as a Specified Entity? The alternative may be
to require the GP to sign a Guaranty and then they would become a credit
support provider. By making the GP a Specified Entity, they get picked up in
the cross default, bankruptcy and credit event upon merger provisions.
2. Should there be an additional termination event or event of default that
gets triggered if the GP fails to be the GP of the limited partnership?
3. Whose financials are they expecting to receive, the GP's or the LP's?
4. If there are financial tests, who do they pertain to, the GP or the LP?
5. How does the LP qualify as an ESP? Particularly with some of the less
experienced credit folks who have not had to deal with this issue on the
physical side, maybe this question should always be asked for every
counterparty just to be safe.
Let me know what you think.
Carol
|
{
"pile_set_name": "Enron Emails"
}
|
CALENDAR ENTRY: APPOINTMENT
Description:
Team Leader Mtg. Conference room EB4102
Date: 10/16/2001
Time: 2:30 PM - 3:30 PM (Central Standard Time)
Chairperson: Outlook Migration Team
Detailed Description:
|
{
"pile_set_name": "Enron Emails"
}
|
Jude:
Attached below are my comments to the Co op City Term Sheet I sent out
Sunday night. Unfortunately, it may not have been delivered off my laptop
due to a failed connection on the intranet. Here it is. I didn't correct
several spelling errors in the draft from the Squires' lawyer.
I saw Kay Mann's comments (which corrected the spelling errors) and her
comments by-in-large look to be OK. I am copying Kay on this message in
order to speed up the review.
Jude, One last little item: my correct email address is either
[email protected] <mailto:[email protected]> or [email protected]
<mailto:[email protected]> . There are two other "David L's" in the NEPCO
organization and if the email address isn't correct the message sits in the
message inbox for these other individuals until they figure out the message
is for me. Once the Houston office converts to Microsoft Outlook, this
problem will go away. Thanks.
David H. Lund, Jr.
Assistant General Counsel
National Energy Production Corporation
11831 North Creek Parkway N.
Bothell, WA 98011
425-415-3138
Fax: 425-415-3032
[email protected] or [email protected]
-----Original Message-----
From: B-David Lund
Sent: Sunday, January 28, 2001 9:48 PM
To: B-Gene Larson
Cc: E-John Schwartzenburg; [email protected]
<mailto:[email protected]>
Subject: FW: Draft Coop City Term Sheet - priority.
Gene, I marked up the attached term sheet for the ENA Coop City project. I
highlighted some commercial terms that need your attention. Let's discuss
and call Paul Myford after you complete your review. I only focused on the
EPC scope and not the O&M scope.
David H. Lund, Jr.
Assistant General Counsel
National Energy Production Corporation
11831 North Creek Parkway N.
Bothell, WA 98011
425-415-3138
Fax: 425-415-3032
[email protected] or [email protected]
-----Original Message-----
From: [email protected] <mailto:[email protected]>
[mailto:[email protected]]
<mailto:[mailto:[email protected]]>
Sent: Wednesday, January 24, 2001 2:59 PM
To: [email protected] <mailto:[email protected]> ;
[email protected] <mailto:[email protected]> ; [email protected]
<mailto:[email protected]>
Cc: [email protected] <mailto:[email protected]> ;
[email protected] <mailto:[email protected]> ;
[email protected] <mailto:[email protected]> ;
[email protected] <mailto:[email protected]> ; [email protected]
<mailto:[email protected]>
Subject: Draft Coop City Term Sheet - priority.
<<Co-OpCity-TermSheet-0112.doc>>
I had earlier sent this to Gene and Dave asking how they want to proceed
with the work on this term sheet. I am delinquent copying this to Peter as I
had discussed Monday.
I suggest that teh commercial terms be vetted by Gene, and that he and Dave
work it overall. If Dave cannot work it, the Carlos Sole should be able to
provide the legal input for NEPCO. This is not a Randy Pais or Scott
Dieball assignment.
Please let Peter Nassab know if you need the Houston Contracts gropu
support.
I am out Thursday and Friday, and will be back monday and can look at it
then if the team still needs help. I cannot get e-mail after today until
Monday.
JWVS
Paul Myford
To: John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
<mailto:Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT>
01/19/2001 cc: Jude
Rolfes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
<mailto:Rolfes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT> , John
10:02 AM
Normand/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
<mailto:Normand/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT>
Subject: FW: Draft Coop City
Term Sheet
John:
This is the document I was talking about. The Jan 17 meeting was
reschedule for next week. We need legal and contracts to review.
Thanks
Paul
---------------------- Forwarded by Paul Myford/ENRON_DEVELOPMENT on
01/19/2001 09:57 AM ---------------------------
Jude Rolfes on 01/18/2001 03:19:09 PM
To: [email protected] <mailto:[email protected]>
cc:
Subject: FW: Draft Coop City Term Sheet
Paul,
Please circulate and get comments as necessary.
Thank you
Jude
----- Forwarded by Jude Rolfes/ENRON_DEVELOPMENT on 01/18/2001 03:17 PM
-----
"Henneberry, Lisa G."
<[email protected] <mailto:[email protected]> >
To: "'[email protected]'" <[email protected]
<mailto:[email protected]> >,
"'[email protected]'" <[email protected] <mailto:[email protected]> >,
"'[email protected]'"
01/15/2001 07:38 AM <[email protected]
<mailto:[email protected]> >
cc: "Ragals, Jr., William C."
<[email protected] <mailto:[email protected]> >
Subject: FW: Draft Coop City Term Sheet
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] <mailto:[email protected]>
www.ssd.com <http://www.ssd.com> <http://www.ssd.com <http://www.ssd.com> >
> -----Original Message-----
> From: Henneberry, Lisa G.
> Sent: Sunday, January 14, 2001 10:24 PM
> To: [email protected] <mailto:[email protected]> ;
[email protected] <mailto:[email protected]> ; [email protected]
<mailto:[email protected]> ;
> [email protected] <mailto:[email protected]> ;
[email protected] <mailto:[email protected]>
> Cc: White, Robert I.; Ragals, Jr., William C.; Levey, Kevin S.;
> [email protected] <mailto:[email protected]> ; [email protected]
<mailto:[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] <mailto:[email protected]>
> www.ssd.com <http://www.ssd.com> <http://www.ssd.com
<http://www.ssd.com> >
>
(See attached file: Co-OpCity-TermSheet-0112.doc)
- Co-OpCity-TermSheet-0112.doc
|
{
"pile_set_name": "Enron Emails"
}
|
anyone up for woody's tonight around 9:30?
|
{
"pile_set_name": "Enron Emails"
}
|
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Bible Verse of the Day
Wednesday December 13, 2000
Luke 1.78
The Access Bible, NRSV, Old Testament, Page 84
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{
"pile_set_name": "Enron Emails"
}
|
The WEVA Presentation will be held on 12/13/00 from 2:00p - 3:00p in
Conference Room - 46C1. Please refer to attachment below for further details.
Thanks,
Felicia
for George Hopley
---------------------- Forwarded by Felicia Doan/HOU/ECT on 12/11/2000 01:35
PM ---------------------------
George Hopley
12/11/2000 12:06 PM
To: Felicia Doan/HOU/ECT@ECT
cc:
Subject: ENRON: WEFA Presentation December 13
Felicia -
Please include this in the email about Wednesday's meeting
---------------------- Forwarded by George Hopley/HOU/ECT on 12/11/2000 12:03
PM ---------------------------
"Peter McNabb" <[email protected]> on 12/11/2000 12:00:50 PM
To: <[email protected]>
cc: "Kemm Farney" <[email protected]>, "Ronald Denhardt"
<[email protected]>
Subject: ENRON: WEFA Presentation December 13
Dear George
I trust all is well. In advance of Kemm's presentation to your team on
Wednesday, I am attaching our WEFA Energy Services brochure to better
familiarize your team with the WEFA services available to you. I realize
Kemm will be focusing on Power, the brochure simply provides additional WEFA
background as a courtesy.
Regards, Peter
Peter A. McNabb
Vice President Energy Marketing, North America
WEFA Inc.
2 Bloor Street West
Suite 700
Toronto Canada
M4W 3R1
416-513-0061 ex 227
- WEFA2000_Energy BrochureOct10.doc
|
{
"pile_set_name": "Enron Emails"
}
|
Attached is the PR plan prepared by Marathon for December and 1Q01. I've
also attached the draft CEO email specified in the plan and the target list
of key industrial and technology leaders in California. Please review the
plan and preliminary messages. Keep in mind that as the holidays are
approaching rapidly, we need to move quickly to begin implementing the PR
plan. Please let me know by Friday, Dec. 15 if you have any comments,
concerns or suggestions.
Thank you.
Karen
|
{
"pile_set_name": "Enron Emails"
}
|
Jill,
Just dropping a note to say hi!
Will write more soon.
Chris
|
{
"pile_set_name": "Enron Emails"
}
|
Sorry - Sean just changed this deal from Mid-C to NP-15. I've changed the
energy to CAISO.
Thanks,
Kate
From: Sharen Cason 03/13/2001 02:51 PM
To: Kate Symes/PDX/ECT@ECT
cc:
Subject: #549048
This deal has an NP15 delivery point with firm energy.
Thanks!
|
{
"pile_set_name": "Enron Emails"
}
|
Sara
On the offsite, Frank has a doctor's appt. that afternoon and asked that we
reschedule. Should we have it in the morning of the 24th or reschedule our
23rd c credit seminar? As for a list, I'm working on it. Last week was a
blur with PG&E and Proctor & Gamble.
Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
[email protected]
Sara Shackleton
04/16/2001 10:21 AM
To: Carol St Clair/HOU/ECT@ECT
cc:
Subject: Re: Hedge Fund Meeting
Sure. I think we should ask Paul R. if anyone else from credit is necessary
(London, perhaps?) and from legal, you, Brent and me.
Also, we need to refine the offsite now that we have a date set. I will be
on vacation during the week of May 7 - 11. Were you able to put a list
together?
Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
[email protected]
Carol St Clair
04/16/2001 09:46 AM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Hedge Fund Meeting
Sara:
Do you want me to coordinate setting this up and if so, who should attend?
Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
[email protected]
|
{
"pile_set_name": "Enron Emails"
}
|
Greg,
Happy B-day. Email me your phone # and I will call you.
Keith
|
{
"pile_set_name": "Enron Emails"
}
|
Dear Mr. Paul,
I'm writing on behalf of Jeff Skilling, who asked me to let you know that he
will send you a check in the amount of $200.
While Jeff would probably be to modest to tell you himself, I thought you
might be interested to know that he has been named the National MS Society's
2000 Man of the Year, and will be honored at a dinner on September 30. He
has been a big supporter of the MS Society, primarily through his riding the
MS150 from Houston to Austin since 1997. This year's ride is April 15-16,
and he has been busy collecting pledges - $20,000 so far, which will be
matched by the Enron dollar-for-dollar. Enron Corp. has the largest MS150
team in the nation in terms of dollars raised, and this year our goal is
$350,000. It appears that our 378-person team has already blown through that
goal and is well on its way to raising $400,000. As MS has touched my
family, I am very proud to be associated with a man and a company who so
actively support research to find a cure.
I'm sure Jeff will write a personal note when he returns to town and sends
his check. In the meantime, good luck with your fund raising, and have a
nice weekend.
Regards,
Sherri Sera
Assistant to Jeff Skilling, President & COO
Enron Corp.
713.853.5984
713.646.8381 (fax)
"Chuck Paul" <[email protected]> on 03/28/2000 10:13:29 AM
Please respond to "Chuck Paul" <[email protected]>
To: "Woody Berry" <[email protected]>, "John Miller" <[email protected]>,
"Craig Deisenroth" <[email protected]>, "Bill Jansson"
<[email protected]>, "Bill Jordan" <[email protected]>,
"Fred Haulenbeek" <[email protected]>, "Randall Harman"
<[email protected]>, "Wayne Thompson" <[email protected]>,
"Geoff Anderson" <[email protected]>, "Jim Ulrich" <[email protected]>, "Hess
Hester" <[email protected]>, "John Jones" <[email protected]>, "Jim
Dent" <[email protected]>, "Rob Rossell" <[email protected]>, "Steve
Ogborn" <[email protected]>, "Tom Benson" <[email protected]>, "Jeff
Skilling" <[email protected]>, "Art Kretz" <[email protected]>, "John Grumbles"
<[email protected]>, "Julia Sprunt" <[email protected]>,
"Mark Paul" <[email protected]>, "Jim Wallace" <[email protected]>,
"Greg Christoph" <[email protected]>, "Bud Nelson" <[email protected]>,
"CARL HOHL" <[email protected]>, "Craig Weichmann"
<[email protected]>, "David Lesh" <[email protected]>, "El
Shelden" <[email protected]>, "Mitch Baddour" <[email protected]>
cc:
Subject: Fw:
To All Brother Beta's (and El!!), 3 weeks ago Woody Berry and I took a trip
to Rockford, Illinois to visit Phil Morrow, who has been struggling with MS
for the past 12 years. The pictures tell the rest of the story. I would
say that speaking for Woody that the trip was very bitter/sweet. Bottom
line: count your blessings, we never know what life has in store for us.
I will be hosting my Annual MS Walk/ Party in May. I have done this for the
last 10 years. I initially thought it would be a good thing for me to do as
I thought I had MS!! Fortunately, my Neurologist thinks that I had a small
stroke back in '91 (never thought having a stroke would have been GOOD
news!!).
Now, I host the party in honor of Phil Morrow in hopes that we can find a
cure to help him. As always, I collect donations from anyone and everyone
who is interested and/or able. If you would like to send in a donation,
simply write out a check for whatever amount to: NMSS (National Multiple
Sclerosis Society) and send it to:
Chuck Paul
6193 Forest Hills Dr.
Norcross, Ga. 30092-4513
My email address is listed below. If you have any other Beta's who you
think would like to see these pictures, please forward them on.
PS First game at the new Ford Stadium on the SMU campus will be 9/2/00 at
6PM against KU. Homecoming this year will be October 28th. The new stadium
is looking GREAT! I hope to be at both games but definitely at Homecoming.
Hope to see many of you there. We will even have a 'tailgating' section
with 'adult beverages' allowed!!!
-kai-
C-Paul
________________________________________
Chuck Paul
A Closer Look
Professional Mystery Shopping Company
770-446-0590
Email: [email protected]
http://www.a-closer-look.com
----- Original Message -----
From: Chuck Paul <[email protected]>
To: <woody Berry>
Sent: Monday, March 27, 2000 11:07 PM
>
> ________________________________________
> Chuck Paul
> A Closer Look
> Professional Mystery Shopping Company
> 770-446-0590
> Email: [email protected]
> http://www.a-closer-look.com
>
>
- chuchs buddy1.JPG
- Chucks Buddy.JPG
- chucks buddy2.JPG
|
{
"pile_set_name": "Enron Emails"
}
|
Dear top management,
We know how serious is the situation but please don't fire us now. Our
families
are waiting for a happy chrismas and new year!!
Sato
Enron Japan
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp
|
{
"pile_set_name": "Enron Emails"
}
|
-----Original Message-----
From: Green, Michael
Sent: Monday, December 31, 2001 5:10 PM
To: Abel, Chris; Hayden, Frank; '[email protected]'; '[email protected]'; 'Mihalik, Trevor'; '[email protected]'; '[email protected]'; '[email protected]'; Logan III, Jackson; McIlvoy, Karen D.; Knoblauh, Jay; Green, Michael; Mrha, Jean; '[email protected]'; Wilkinson, Doug; Thibodeaux, Kenneth; Redmond, Brian; Kitchen, Louise; '[email protected]'; '[email protected]'; '[email protected]'; Mihalik, Trevor; Wilson, Shona
Subject: Bridgeline Gas Marketing 12/31/2001
Sensitivity: Confidential
|
{
"pile_set_name": "Enron Emails"
}
|
I would like to do this, but I have a speaking engagement the next day -- do
the time zones work out so that I can do both or do I need to find a sub for
the nov 1 speech?
----- Forwarded by Steven J Kean/NA/Enron on 09/29/2000 07:49 AM -----
Joseph P Hirl
09/28/2000 08:09 PM
To: Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Mark
Koenig/Corp/Enron@ENRON, John Sherriff/LON/ECT@ECT, Michael R
Brown/LON/ECT@ECT, Paul Chivers/LON/ECT@ECT, Jackie Gentle/LON/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT,
Mark E Haedicke/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Tom McKeever/EU/Enron@Enron, Jeremy
Thirsk/SIN/ECT@ECT, [email protected], Kevin Hannon/Enron
Communications@Enron Communications, Anthony Duenner/Enron
Communications@Enron Communications, [email protected], Jeffrey A
Shankman/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron,
[email protected], [email protected], Jim Fallon/Enron
Communications@Enron Communications, Mark Schroeder/LON/ECT@ECT
cc:
Subject: Enron Japan Office Opening Ceremony
To commemorate the launch of our business activities and the opening of our
office operations in Tokyo, Enron Japan requests the honor of your presence
at a grand opening ceremony and reception. Please mark your calendars, as we
are scheduled to celebrate this new venture on Tuesday, October 31, 2000,
6:30 to 8:30 p.m., Hotel Okura, Akebono Room, in Tokyo.
We are delighted to welcome the Prime Minister of Japan, Mr. Yoshiro Mori,
who is currently scheduled to join Ken Lay in the traditional Japanese
inauguration ceremony. Dignitaries from Japanese government, key political
figures and corporate leaders are invited to attend the event.
You will receive an official invitation in due course, but in the meantime it
would be very helpful if you could confirm by e-mail whether you expect to
attend. Please respond to [email protected].
We look forward to welcoming you in Tokyo as we celebrate the grand opening
of Enron Japan.
Yours sincerely,
Joseph P. Hirl Otemachi 1st Square Bldg.
President and CEO West 11th Floor
Enron Japan Corp. 1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
Tel. 81-3-5219-4500
|
{
"pile_set_name": "Enron Emails"
}
|
Errol -
Here is Alroy's number. I would call him as soon as possible. Let me know
what the verdict is and when you talk to him.
Thanks
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 05/04/2001
10:18 AM ---------------------------
From: David Oliver on 05/04/2001 04:06 PM GDT
To: Jeffrey C Gossett/HOU/ECT@ECT
cc:
Subject: Re: Fwd: Cat Carrier
Jeff,
I'm pretty sure that Errol hasn't talked with Alroy yet. You can contact him
on the tie line @ 7830 - 35568. I know he is very interested in a spot in
Houston, so any help you can give we would both appreciate!
Dave
|
{
"pile_set_name": "Enron Emails"
}
|
Clement:
Could you please take a quick look at this and let me know if you are okay
with the chnages that have been made? Thanks.
Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
[email protected]
|
{
"pile_set_name": "Enron Emails"
}
|
KN (Oneok) called to get more information about the Right of First Refusal in
their current contract. The minimum requirement to keep ROFR in a contract
extension is with maximum rate for at least 1 year. Cathy Bulf will let TW
know by Monday, and in writing, if they would like to exercise.
|
{
"pile_set_name": "Enron Emails"
}
|
Preliminary-- Anything suggestions?
Jeff
|
{
"pile_set_name": "Enron Emails"
}
|
CALENDAR ENTRY: APPOINTMENT
Description:
1st group S. Central Team Luncheon w/ Shelley
Date: 5/10/2001
Time: 11:30 AM - 1:00 PM (Central Standard Time)
Chairperson: Outlook Migration Team
Detailed Description:
|
{
"pile_set_name": "Enron Emails"
}
|
Attached is a draft of the amendment to the Southern Trails Interconnect Agreement. As we discussed, if we proceed with the amendment, we will need to generate revised Attachments A and B, which set forth the cost estimate and payment schedule.
|
{
"pile_set_name": "Enron Emails"
}
|
Kim Bennick may join us for lunch, if ok w/ you. Do you wnat to eat here?
Thats ok w/ me.
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"
}
|
Start Date: 4/4/01; HourAhead hour: 12; HourAhead schedule download failed.
Manual intervention required.
|
{
"pile_set_name": "Enron Emails"
}
|
john arnold if fixing
|
{
"pile_set_name": "Enron Emails"
}
|
Lynne --
I am very sorry that I have not yet responded to your e-mail. I am trying to firm up my calendar. Not sure that Excelon and Enron will differ greatly on the key lessons learned.
I should know by mid-week (if you haven't already filled the slot).
Jim Steffes
713-853-7673
-----Original Message-----
From: Lynne Kiesling <[email protected]>@ENRON [mailto:IMCEANOTES-Lynne+20Kiesling+20+3Clynnek+40rppi+2Eorg+3E+40ENRON@ENRON.com]
Sent: Thursday, August 02, 2001 10:59 AM
To: [email protected]
Subject: Follow-up on electricity restructuring conference invitation
Jim,
Just a quick note to follow up on the invitation I sent you last week for a November conference in San Francisco. If you could let me know by Monday morning 8-6 if you can participate (which I hope you can), I'd be grateful, as that would leave us time to ask someone else. Also, if you can't participate, I'd appreciate your recommending someone in your stead.
I look forward to hearing from you.
Regards, Lynne
-------- Original Message --------
Subject: Electricity restructuring conference invitation
Date: Tue, 24 Jul 2001 16:41:26 -0500
From: Lynne Kiesling <[email protected]>
Reply-To: [email protected]
Organization: Reason Public Policy Institute
To: [email protected]
Dear Jim,
Insight Information Company (www.insightinfo.com) is developing and presenting a conference on Deregulation of Electricity Market in California: Experiences Learned, Perils and Opportunities (working title), and they have asked me to chair the conference. Insight Information is a leading provider of programs for North American business, executive and professional communities. The conference is scheduled for November 5 and 6 in San Francisco. Tentative panel titles include
? Understanding Restructuring: The Regulator's Perspective
? The Role of Fuel Supply Mix
? Restructuring and Technological Change
? Price-Responsive Demand
? Energy Services and the Entrepreneurial Firm
? Energy Risk Management and Electricity Restructuring
? Restructuring and Transmission
? Market Monitoring
? Short-Term and Long-Term Approaches: Risk, Congestion Management, Institutional Change
? Comparative Experiences in Deregulation
I would like to invite you to participate as a speaker in this conference, in a session tentatively titled "Short-Term and Long-Term Approaches: Risk, Congestion Management, Institutional Change." I think the title will evolve, but what I'm going for in this panel is a discussion between you and Betsy Moler (Exelon) about short-run and long-run lessons that we should draw from the California experience.
If you could let me know soon if you would be able to participate in this conference, I'd be most grateful. The conference coordinator, Victor Pogostin, would then follow up with a formal letter of invitation. I look forward to hearing from you.
Regards,
Lynne
--
Lynne Kiesling, Ph.D.
Director of Economic Policy
Reason Public Policy Institute
www.rppi.org
[email protected]
RPPI is a non-partisan public policy think tank promoting choice, competition, and a dynamic market economy as the foundation for human dignity and progress
|
{
"pile_set_name": "Enron Emails"
}
|
Thanks, Joe
Joe Hillings@ENRON
10/19/99 04:50 AM
To: Steven J Kean/HOU/EES@EES, Terence H
Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cynthia Sandherr/Corp/Enron@Enron,
Jeffrey Keeler/Corp/Enron@Enron, Chris Long/Corp/Enron@Enron, John
Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kenneth Lay/Corp/Enron@Enron, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sanjay
Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eric Shaw/LON/ECT@ECT
Subject: President And Congress To Meet In Attempt To Resolve Budget
Disagreement
President Clinton vetoed the Foreign Operations Appropriations bill
yesterday. His press secretary announced that other vetoes were possible
until the President and Congress reached agreement on the budget impasse. The
Defense Appropriation conference report which contains authority to
permanently extend the exemption relating to OPIC and ExIm financing for
projects in India is in the cue and could be affected by this action.
Congressional authority for government operations expires this week as does
the one-year exemption. Congress must act by Thursday to extend both items.
Congress is expected to adopt a "continuing resolution" through October 29
while the two branches of government work out their differences.
The President and Congressional leaders are to meet today to discuss and
possibly establish a procedure for negotating the disagreement.
|
{
"pile_set_name": "Enron Emails"
}
|
Sara,
The executing broker agreement for Raymond James is currently in the legal
process. Raymond James has informed us that they will not execute any trades
for us until the agreement is complete. Therefore, can we please move this
agreement up on the priority list.
Please let me know if you have any questions or concerns.
Thanks,
Aneela
:-)
|
{
"pile_set_name": "Enron Emails"
}
|
Good afternoon Ms. Thurston,
I will be in a meeting from 3-4:30. If you leave at 5:00 I'll be rolling otherwise, I'll check you tomorrow.
It was good to have you over on yesterday. Really enjoyed it. (Smile)
|
{
"pile_set_name": "Enron Emails"
}
|
Same dude...and he is good. We're going to Steak Night tonight at Little
Woodrows which of course makes me happy. Also, I just sent him a list of all
the UT games so he can start planning to attend. As soon as he decides on a
first game I'm going to have to start preparing him to meet the family and
others. That's a lot of prep work.
Enron Capital & Trade Resources Corp.
From: "Travis Kelley" <[email protected]>
08/23/2000 03:02 PM
To: "Susan M Scott" <[email protected]>
cc:
Subject:
How's the new dude?
|
{
"pile_set_name": "Enron Emails"
}
|
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