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-----Original Message-----
From: Michelle Hudson-Tenney
Sent: Tuesday, February 27, 2001 10:13 AM
To: Anna Symes; Bernadette Downs; Imogene Yokooji; John Gerlach; Kristin
Aikin; Michael Williams; Phil Pryse; Sarah Prostak; Dave Wise; Ben
Valley (E-mail); Sam Baumgarten (E-mail)
Subject: Interesting: The Rest of the Story
> > 1. In Shakespeare's time, mattresses were secured on bed frames by ropes
> > when you pulled on the ropes the mattress tightened, making the bed
>firmer
> > to sleep on. Hence the phrase "goodnight,
> > sleep tight"
> >
> > 2. It was the accepted practice in Babylon 4,000 years ago that for a
> > month after the wedding, the bride's father would supply his son-in-law
> > with all the mead he could drink. Mead is a honey beer and because their
> > calendar was lunar based, this period was called the honey month or what
> > was know today as the honeymoon
> >
> > 3. In English pubs, ale is ordered by pints and quarts. So in old
>England,
> > when customers got unruly, the bartender would yell at them mind their
>own
> > pints and quarts and settle down. It's where we get the phrase "mind
>your
> > P's and Q's"
> >
> > 4. Many years ago in England, pub frequenters had a whistle baked into
>the
> > rim or handle of their ceramic cups. When they
> > needed a refill, they used the whistle to get some service. "Wet your
> > whistle" is the phrase inspired by this practice.
> >
> > 5. In ancient England a person could not have sex unless you had consent
> > of the King (unless you were in the Royal Family). When anyone wanted to
> > have a baby, they got consent of the King, the King gave them a placard
> > that they hung on their door while they were having sex. The placard had
> > F.*.*.*. Fornication Under Consent of the King) on it. Now you know
>where
> > that came from.
> >
> > 6. In Scotland, a new game was invented. It was entitled Gentlemen Only
> > Ladies Forbidden.... and thus the word GOLF entered into the English
> > language.
> >
|
{
"pile_set_name": "Enron Emails"
}
|
Daily Blessing
Be Careful
http://www.daily-blessings.com/cont1.htm
Reasons to join the choir
http://www.daily-blessings.com/choir.htm
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<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>
* To remove yourself from this mailing list, point your browser to:
http://inbound.postmastergeneral.com/remove?dailyblessings:10
* Enter your email address ([email protected]) in the field
provided and click "Unsubscribe". The mailing list ID is "dailyblessings:10".
OR...
* Reply to this message with the word "remove" in the subject line.
This message was sent to address [email protected]
X-PMG-Recipient: [email protected]
<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>
|
{
"pile_set_name": "Enron Emails"
}
|
FYI
Rakesh Bharati
Phone: (713) 853-0936
Fax: (713) 646-2503
|
{
"pile_set_name": "Enron Emails"
}
|
Attached is the agenda for the working group call scheduled for this Thursday
at 8:00 am Tokyo time.
Mike
813 5219 4584
|
{
"pile_set_name": "Enron Emails"
}
|
Can we start this meeting later? We will be trading until 10:30. Since Greg
McClendon is out of the office, Carey Metz is trading basis for him. Because
Carey is doing that, Stacey is needed to trade Waha. And she is my backup on
managing our position. So, I need to be on the desk during trading.
Daren
From: Yvette G Connevey @ ENRON 01/31/2000 04:32 PM
To: Steve Venturatos/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT, Rita
Wynne/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON, Lisa B Cousino/HOU/ECT@ECT
cc: Ragayle Pellum/HOU/ECT@ECT, Pamela Chambers/Corp/Enron@Enron, Brenda F
Herod/HOU/ECT@ECT
Subject: Review Texas Budgets Meeting
Please plan to attend a Texas Budget Meeting this Friday, February 4th, from
9:00 - 10:00 am in 37C1.
If you have any questions please call.
Thank You!
Yvette
x3.5953
|
{
"pile_set_name": "Enron Emails"
}
|
Bill-
Two files are attached. The first file is the text and figures of a plan for
characterizing impacted soil in the former surface impoundment areas. The
second file contains the attachments to the characterization plan. The
attachments include copies of soil boring logs and a summary of some previous
soil sample results. I will also send two hard copies of the plan to you via
FedEx. Transwestern is ready to proceed upon approval from the NMOCD and the
NMED HRMB. Please call me if you have any questions or comments.
Thanks,
George
George C. Robinson, PE
Contract Environmental Engineer
Cypress Engineering
ENRON Office: (713) 646-7327
ENRON email: [email protected]
|
{
"pile_set_name": "Enron Emails"
}
|
Please send a revised draft ISDA per Lisa's instructions below. The credit
terms have not changed since we prepared the draft last fall. Thanks!
---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 07/21/2000 08:22
AM ---------------------------
Lisa Nemec
07/21/2000 08:18 AM
To: Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Emerson Electric
Tanya - The contact at Emerson that would like the ISDA draft is Matthew
Palazzolo. The mailing address is 8000 W. Florissant Ave, St. Louis, MO
63136. Ph# 314-553-2256 and Fax# 314-553-1082. If you need any additional
info, let me know.
Thanks for the help,
Lisa
|
{
"pile_set_name": "Enron Emails"
}
|
I checked with Bernie and there are no reserves left in any of the accounts.
Edith Cross who worked on the Welded Tube Reg. Risk Account and who sits next
to Bernie helped verify that there were no reserves left.
Ben
|
{
"pile_set_name": "Enron Emails"
}
|
Further to your letter to us (addressed to Mr. Tim Belden) dated August 14,
2000:
Enron thinks that the elimination of physical risk during the month of August
will be of commercial benefit because Enron expects that during the month of
August there will be transmission line derations affecting the hour ahead
market which will lead to TO debit charges by the CAISO. The elimination
of TO debit charges is a commercial benefit to Enron.
|
{
"pile_set_name": "Enron Emails"
}
|
Start Date: 4/19/01; HourAhead hour: 7; No ancillary schedules awarded. No
variances detected.
LOG MESSAGES:
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041907.txt
---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
Details:
TRANS_TYPE: FINAL
SC_ID: ECTRT
MKT_TYPE: 2
TRANS_DATE: 4/19/01
TIE_POINT: FCORNR_5_PSUEDO
INTERCHG_ID: EPMI_CISO_DESERT
ENGY_TYPE: FIRM
|
{
"pile_set_name": "Enron Emails"
}
|
Also need storage balances and the daily flows for everyday over the last 12 months.
-----Original Message-----
From: Hawker, Jai
Sent: Wednesday, April 25, 2001 8:18 AM
To: Lavorato, John
Subject: NorthWest Update
<< File: NW Update.xls >>
Good Morning,
Jeff Pearson asked me to send you this daily.
Jason Garvey
|
{
"pile_set_name": "Enron Emails"
}
|
Mr. Davis:
Thanks you for your reply. I will call your attorney. Enclosed is the
guaranty amendment letter.
Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
[email protected]
"Davis, Michael" <[email protected]>
07/10/2000 09:08 AM
To: "'Carol St Clair'" <[email protected]>
cc:
Subject: RE: ISDA Comments
Ms. St Clair:
Questions reference the comments to the ISDA draft should be directed to
Edward Hammond at 414-297-5619. Ed is the attorney reviewing the ISDA
draft.
Please email your Guaranty amendment to me again and I will forward to our
attorney for review. As I will be on vacation from Friday, July 14 through
Wednesday, July 19, I would like to resolve at least the Guaranty amendment
prior to my departure.
> -----Original Message-----
> From: Carol St Clair [SMTP:[email protected]]
> Sent: Friday, July 07, 2000 11:49 AM
> To: [email protected]
> Cc: Russell Diamond; Susan Bailey; Samantha Boyd
> Subject: ISDA Comments
>
>
>
> Mr. Davis:
> Susan Flynn passed on to me your comments to the ISDA draft. Please call
> me
> when you are ready to discuss. With respect to the Guaranty amendment
> that we
> had requested, it is just meant to clarify in the termination section that
> if
> the Guaranty is terminated then the Guarantor is still responsible for all
> of
> the Counterparty's obligations with respect to any transactions that were
> entered into prior to the termination date, even if such obligations are
> incurred after the termination date. I do not feel that the termination
> language, as currently written in both the WPS and Enron Guarantys clearly
> reflects this concept as the language as currently written states that the
> Guaranty "is revocable only with respect to liabilities occurring on or
> after
> the termination date." I look forward to hearing from you.
>
> Carol St. Clair
> EB 3892
> 713-853-3989 (Phone)
> 713-646-3393 (Fax)
> [email protected]
>
|
{
"pile_set_name": "Enron Emails"
}
|
<<CEAexplanationfinal5-24-00.doc>> <<EWING_026.PDF>>
Here is the Ewing Bill and Ewing's statement.
-----Original Message-----
From: Weston, Ryan
To: '[email protected]'; '[email protected]'
Sent: 5/25/00 6:50 PM
Subject: FW: H.R. 4541
please forward to Mary Whalen
> -----Original Message-----
> From: Weston, Ryan
> Sent: Thursday, May 25, 2000 6:25 PM
> To: '[email protected]'; '[email protected]';
> '[email protected]'; '[email protected]'; Walter_Lukken@agriculture.
> senate. gov (E-mail); Ebersole, Dave; Riley, John
> Subject: H.R. 4541
>
> <<CEAexplanationfinal5-24-00.doc>>
>
>
>
>
>
>
> <<EWING_026.PDF>>
>
>
<<CEAexplanationfinal5-24-00.doc>> <<EWING_026.PDF>>
- CEAexplanationfinal5-24-00.doc
- EWING_026.PDF
|
{
"pile_set_name": "Enron Emails"
}
|
See attached outline of issues for discussion.
Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
[email protected]
|
{
"pile_set_name": "Enron Emails"
}
|
continental.com Specials for Jane Tholt
Tuesday, December 25, 2001
****************************************
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****************************************
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********************************
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The following rates are available December 29 - December 31, 2001 and are priced per night.
--------------------------------------
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Cleveland, OH - Hilton Cleveland East/Beachwood, Beachwood, OH - $109
Cleveland, OH - Embassy Suites Hotel Cleveland-Downtown - $99
Houston, TX - Hilton Houston Westchase and Towers - $65
Houston, TX - Hilton Houston Hobby Airport - $79
Lafayette, LA - Hilton Lafayette and Towers - $69
Newark, NJ - Hilton Pearl River, Pearl River, NY - $85/Night, 12/29-30
Newark, NJ - Hilton Parsippany, Parsippany, NJ - $109
Newark, NJ - Hilton Fort Lee at the George Washington Bridge, Fort Lee, NJ - $169
Newark, NJ - Hilton Rye Town, Rye Brook, NY - $119
Newark, NJ - Hilton Woodcliff Lake, Woodcliff Lake, NJ - $99/Night, 12/29 - 30
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********************************
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-------------------------------
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****************************************
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Rates listed below are valid on intermediate class vehicles at airport locations only. Other car types may be available. Rates are valid for rentals on Saturday, December 29 with returns Monday, December 31 or Tuesday, January 1, 2002.
------------------------------------------
$23 a day in: Cleveland, OH (CLE)
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---------------------------------------
This e-mail message and its contents are copyrighted and are proprietary products of Continental Airlines, Inc. Any unauthorized use, reproduction, or transfer of the message or its content, in any medium, is strictly prohibited.
****************************************
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|
{
"pile_set_name": "Enron Emails"
}
|
Hi Louise.
We received CAD$6.5million from Enron today. Thank you for your help.
Regards
Kenny
NGX Financial Inc
|
{
"pile_set_name": "Enron Emails"
}
|
| notifications |
+--------------------------------------------------------------------------+
Faulk, Kevin added to Aryan Brother Inc.'s rosters, and Joseph, Elvis dropped.
If you have a cell phone or pager, you can get this information even sooner! Go to your league's web site and click "Options, Notifications" on the main toolbar to have notifications sent to your pager or phone, via text messaging.
Win a VIP Vegas Vacation! OR Win $600 CASH!
http://www.sportsline.com/links/6/1/223/sffn1106v.cgi
+--------------------------------------------------------------------------+
| Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. |
| Your site is always at http://football.fantasy.sportsline.com/spoogers |
+--------------------------------------------------------------------------+
FB10SP
|
{
"pile_set_name": "Enron Emails"
}
|
FYI --
Although Milbank has stated that "EOLympics" is probably permissible use,
both Japanese and UK counsel have taken the position that this is still
impermissible use of the term "Olympics".
I know its not your first choice, Dave, but especially if we are going to
promote the game on the home page -- which can be searched by any Olympic
committee checking the Web for infringing use -- it would help to insulate us
from detection, and possibly liability - to call the game "EOL-ympics" or
even better from a detection standpoint "EOL-mpics".
Mark -- Have we trademarked the term "EOL" and if so, in what countries?
Leslie
----- Forwarded by Leslie Hansen/HOU/ECT on 08/23/2000 09:26 AM -----
"Murton, Rachel" <[email protected]>
08/23/2000 09:22 AM
To: "'[email protected]'" <[email protected]>
cc: "'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>
Subject: olympic flier - and use of EOLympics
Further to my previous e-mail, I have now checked the flier with a
colleague in the IP department.
Providing Leslie's suggested amendments are made, the flier should not
expose Enron to passing off liability, since it is unlikely to confuse the
participants into thinking that the site is officially endorsed. The best
thing to do, however, would be to include a disclaimer along the lines of
"the EnronOnline Competition has not been set up in collaboration with any
other parties {other than sports.rocket.com]." Although common sense tells
us that Enron should be able to use the word "olympic" in a disclaimer,
common sense does not necessarily seem to prevail with regards the use of
the word "olympic" in the UK, so the general wording mentioned above should
be used!
My comment as to the possibility of fliers alerting the British Olympic
Association to the game still stands, particularly if they are to be paper
fliers. If they are just to be e-mails, I guess the practical risk is less.
[I'm sure this has already been thought of, but if the flier is to be
e-mailed out, it can't be sent as Enrononline.com OlympicsMailer!]
On this point, am I still "up to date" in thinking that the proposal is
still to mention the word "olympic" in explaining the rules of teh game.
Regarding the use of EOLympics, from a UK point of view, this should
definately be avoided - as explained in an earlier e-mail of today, one of
the actions that "in particular" (i.e. definately!) infringes the Olympic
Symbol Protection Act is "offering or supplying services under a sign which
consists of or contains the word olympic - it would be difficult to argue
that EOLympic does not contain the word "olympic"!
Thanks
Rachel
____________________________________________________________
This message is confidential. It may also be privileged or
otherwise protected by work product immunity or other legal
rules. If you have received it by mistake please let us know
by reply and then delete it from your system; you should not
copy the message or disclose its contents to anyone.
____________________________________________________________
|
{
"pile_set_name": "Enron Emails"
}
|
Janette,
Mark announced in our staff meeting that the following attorneys will be
joining the SWAP Group, effective immediately. Although, they may not join
us physically until January 2001 they need to have access to the following
applications immediately, as projects will be delegated to them. Please
note that nothing has been discussed about their respective assistants, but I
would assume that they will need the same accesses as their attorney in order
to support them efficiently.
Frank Sayre, X67383 3AC1945
Holly Keiser, X66574 3AC1946
Francisco Pinto-Leite, X55181 3AC1954
Margaret Doucette, X67708 3AC1963
O:Legal\
O:Legal\SWAP FORMS
Lotus Notes Database/ECTHOU_LN1/ECT/Legal/Financial Trading Agreements
Legal Confidentiality Agreements Database (Kay Young)
Access (latest version)
Lexis and Westlaw
CompareRite
Since the transfers seem to get complicated, it may be a good idea for the
floor techs to talk. The floor tech for 3AC 19th floor is Lyndel Romero.
Please don't hesitate to contact me at X57373 if you need further information.
Company: 0413
Cost Center: 105657
Best Regards,
Taffy Milligan
|
{
"pile_set_name": "Enron Emails"
}
|
See my comments in blue below.
To: Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Brian D
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin W
Penkwitz/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON, Sheila
Tweed/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
cc:
Subject: GE Language
I'm not particularly wild about many of the changes proposed by GE. Agree.
Seems that it would be a good idea to get a consensus on how to respond.
Here are the issues I see:
Indemnity issues:
They should indemnify us from claims by their employees/subcontractors. Kay
- Is your comment in connection with GE's comment to Section 27.1(iii) (carve
out of the 100% LOL for "gross acts" of its subcontractors, vendors, ect.)?
GE is in an aggressive outsource mode and needs to remain solely and totally
responsible for the actions and liabilities for its subcontractors and
vendors. I think Section 20.2(a) as written covers simple negligence of GE's
subcontractors and vendors and I would argue that we need to keep Section
27.1(iii) as written dealing with gross negligence of GE's subcontractors and
vendors.
Indemnity should be triggered by strict liability as well as negligence.
Agree - Maybe we could agree to GE's strike out in 20.2(a) provided the
phrase "negligent or willfully wrongful" is replaced with "negligent, at
fault or strictly liable without fault" (or some variation thereof).
What is a cognizant government? Don't know! This was not discussed with
MIke so I am not sure what is the meaning of adding this term. We need to
also think in terms of how we could be harmed in a situation where GE fails
to comply with law, and instead of Enron incurring a monetary penalty, is
ordered to shut down the facility.
Limit of liability issues:
They want to limit their indemnity obligations for complying with laws,
patent infringement, liability for haz. waste and liens to 100% of purchase
price.
They want the limit of liability to apply to gross negligence, if possible.
Agree - See 1st comment above re indemnity.
They don't want to clarify that they have to indemnify us for another party's
claim for consequentials (as in a personal injury claim). Agree.
We've don't have anything concrete on assignment yet. Agree.
Comments? I suggest we get together before our next scheduled conf. call to
discuss our game plan.
Sheila has asked that we change Wednesday's call to 1100 Central, or 100
Central if 1100 doesn't work. Is this a problem? Works for me...just let me
know when, where, ect.
Kay
They should have to
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/11/2000 04:07
PM ---------------------------
[email protected] on 09/07/2000 07:46:07 PM
To: [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected]
cc: [email protected]
Subject: GE Language
Folks,
Having conferred at last with my colleagues, I can now forward to you our
draft language for the Indemnity and LOL clauses. As Steve mentioned in his
earlier message, he has suggested some issues to discuss which could bring
us closer to resolution on that issue. Please let me know if you have any
question!
Best regards,
Mike
g _____________
Michael C. Barnas
Counsel, Power Plants Commercial Operations
GE Power Systems
One River Road - Building 37, Room 307
Schenectady, NY 12345 USA
Phone 8*235-7602 (518) 385 7602
Fax 8*235 5466 (518) 385 5466
Mobile 518 369 9538
- MajorClausesGE01.doc
|
{
"pile_set_name": "Enron Emails"
}
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The settlement price for the last scheduled Commodity Business Day of the
NYMEX Henry Hub Natural Gas Futures Contract for the applicable Calculation
Period
|
{
"pile_set_name": "Enron Emails"
}
|
Attached per your request on Steve's behalf is my "Year 2000
Accomplishments". This list is of highlights, and is not intended to be
exhaustive. Let me know if you need more. thansk mcs
All other addressees, I copy you for your information.
|
{
"pile_set_name": "Enron Emails"
}
|
Deacons are reputable and well-known, being one of the larger Hong Kong law
firms
Regards
Mary Cunningham <[email protected]> on 27 Oct 2001 04:28
To: ISDA BOARD <[email protected]>
Robert Pickel <[email protected]>
cc:
Our Ref: Your Ref:
Subject: Member Applications
******************************************************************
This message originated from the Internet. Its originator may or
may not be who they claim to be and the information contained in
the message and any attachments may or may not be accurate.
******************************************************************
The following 12 applications will go for approval at the next executive
committee meeting on Thursday, November 1.
Please let me know if you know Kommunalbanken AS or KommunKredit. Thank
you.
Mary
Primary Regional
1. Hamburger Sparkasse - German bank
Associate Broker
2. Tradition (North America), Inc. - broker
Associate
3. LIFFE - exchange
4. Arendt & Medernach - Luxembourg law firm
5. Wistrand Advokatbyra - Swedish law firm
Associate Emerging
6. Deacons - Hong Kong law firm
Subscriber
7. Kommunalbanken AS - local gov't (Norway) funding agency
8. KommunKredit - provides loans to the Danish local authorities and
Danish
semi-municipal institutions
9. CDC IXIS Asset Management - (its parent CDC IXIS Capital Markets is a
Primary member)
10. DKR Capital Inc. - Investment management firm. (Formerly known as AIG
International Asset Management Inc. DKR is no longer an affiliate of
AIG.)
11. Bank of England - Central bank
12. Swiss National Bank - Central bank
********************************************************************
This message and any attachments are confidential to the ordinary
user of the e-mail address to which it was addressed and may also
be privileged. If you are not the addressee you may not read,
copy, forward, disclose or use any part of the message or
its attachments and if you have received this message in error,
please notify the sender immediately by return e-mail and delete
it from your system.
Internet communications cannot be guaranteed to be secure or
error-free as information could be intercepted, corrupted, lost,
arrive late or contain viruses. The sender therefore does not
accept liability for any errors or omissions in the context of
this message which arise as a result of Internet transmission.
Any opinions contained in this message are those of the author and
are not given or endorsed by the HSBC Group company or office
through which this message is sent unless otherwise clearly
indicated in this message and the authority of the author to so
bind the HSBC entity referred to is duly verified.
********************************************************************
|
{
"pile_set_name": "Enron Emails"
}
|
it doesn't appear that you received this....
---------------------- Forwarded by Cynthia Sandherr/Corp/Enron on 03/14/2000
12:50 PM ---------------------------
"Clarke-Koonce, Pamela R." <[email protected]> on 03/14/2000 11:37:54 AM
To: "'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>
cc: "Wenner, Adam" <[email protected]>
Subject: Transmission Legislation
<<73084_3.DOC>>
Please see the attached per Adam Wenner:
Cynthia -- Attached is the transmission legislation we discussed. Please
note the following:
1. Revised Sections 201(a) and (b) are not particularly substantive; they
simply correspond the statement of FERC's jurisdiction to our new approach.
The real substance is in the amendments to Section 206. Consequently, we
might want to exclude the Section 201 changes when we circulate it to those
to whom we're just trying to explain the concepts.
2. Our prior draft contained exceptions to the prohibitions to the
prohibition on discriminatory treatment, regarding protection of native load
to protect system reliability and to preserve a utility's ability to comply
with state-imposed obligations to serve. I believe these concepts,
particularly the second, is inconsistent with our new approach, but before
deleting these, wanted to make sure that there is not a political reason
that we should leave them in. I have italicized and bolded these
provisions.
- 73084_3.DOC
|
{
"pile_set_name": "Enron Emails"
}
|
Wednesday, April 25, 2001
------------------------------------------------------------
Oysters for All Tastes
1. Main Course: For Oysters, the Raw and the Cooked
2. Recipe of the Week: Spinach, Oyster and Chorizo Stew
3. Wine List: Chardonnay Finds Its Inner Finesse
4. Multimedia: The Name Game
5. NYC Restaurants: A Find, Once Found
6. Reader Discussion: How Do You Barbecue?
/----------------- Also From NYTimes.com ------------------\
Sign up for Stuart Elliott's IN ADVERTISING newsletter.
Now Stuart Elliott brings his expertise to IN ADVERTISING, a
weekly e-mail newsletter from NYTimes.com that takes a close
look at the people, campaigns and deals that are shaping the
industry. This must-read newsletter features a campaign
spotlight, WEBDENDA, and a roundup of the previous week's
advertising columns. Sign up now!
http://email.nytimes.com/email/email.jsp?0425wd
\----------------------------------------------------------/
1. Main Course: For Oysters, the Raw and the Cooked
===================================================
The iced-and-shucked variety of oysters will always have its
fans, but cooked oysters aren't just for the apprehensive
eater.
http://www.nytimes.com/2001/04/25/living/25OYST.html?0425wd
Pork Belly: Living Low on the Hog
Is it a meaty fat or a fatty meat? Either way, the tempting
pork belly shows true genius when it's cooked.
http://www.nytimes.com/2001/04/25/living/25BELL.html?0425wd
2. Recipe of the Week: Spinach, Oyster and Chorizo Stew
=======================================================
This rich, multifaceted stew is one example of what cooked
oysters can add to a dish.
http://www.nytimes.com/2001/04/25/living/253OREX.html?0425wd
-----
The Minimalist: Broiled Fish with Green Tea Salt
This Japanese preparation combines the smoky flavor of green
tea with an accent of salt.
http://www.nytimes.com/2001/04/25/living/25MINI.html?0425wd
3. Wine List: Chardonnay Finds Its Inner Finesse
================================================
Chardonnay is not only America's favorite white wine, it's
also become the whipping boy for wine lovers who see it as a
garish emblem of much that is wrong with wine today. But
quietly, some California wine producers have developed a
crisper, more lively Chardonnay, using an older style of
winemaking.
http://www.nytimes.com/2001/04/25/living/25CHAR.html?0425wd
-----
Wine Picks
Though these wines aren't known as Cult Classics yet,
they're the ones to watch for wine lovers seeking the next
big thing:
1998 Trey Marie Trutina Red Blend
$30 - A new producer from Washington State that will be on
the lips of wine collectors soon. Trutina is a red
Bordeaux-style blend that captures both finesse and power.
4 and 1/2 stars
http://www.winetoday.com/search97cgi/s97_cgi?Action=FilterSearch&SearchPage=re
sult_end.html&collection=WineTodayReviewsEnd&Filter=result_end_filter.hts&Resu
ltTemplate=result_end.hts&querytext=&wineid=19691&SUBMIT.x=28&SUBMIT.y=9
1998 Thunder Mountain Ciardella Vineyard Pinot Noir
$48 - This earthy, elegant, full-bodied Pinot Noir is a
masculine wine in touch with its feminine side.
4 stars
http://www.winetoday.com/search97cgi/s97_cgi?Action=FilterSearch&SearchPage=re
sult_end.html&collection=WineTodayReviewsEnd&Filter=result_end_filter.hts&Resu
ltTemplate=result_end.hts&querytext=&wineid=20256&SUBMIT.x=28&SUBMIT.y=9
1999 Miner Oakville Ranch Chardonnay
$35 - Combines depth and ripe fruit with touches of vibrant
acidity. Because it's so balanced, this is an ideal
Chardonnay to pair with food.
4 stars
http://www.winetoday.com/search97cgi/s97_cgi?Action=FilterSearch&SearchPage=re
sult_end.html&collection=WineTodayReviewsEnd&Filter=result_end_filter.hts&Resu
ltTemplate=result_end.hts&querytext=&wineid=19950&SUBMIT.x=28&SUBMIT.y=9
4. Multimedia: Video - The Name Game
====================================
Learn to match grape varieties and their regions.
http://208.48.26.64/eveningmagazine/09_05_00_emag.html
5. NYC Restaurants: A Find, Once Found
======================================
Virot's namesake chef, Didier Virot, is inventive, with an
antic streak. He takes risks. Some of them don't pay off.
But diners will not leave Virot feeling that they've had an
ordinary meal. (Two stars.)
http://www.nytimes.com/2001/04/25/living/25REST.html?0425wd
Take a Video Tour of Virot
http://www.nytimes.com/library/dining/042501virot-video.ram?0425wd
-----
$25 and Under: One More Would Make a Crowd
The intimate dining room at 26 Seats is just manageable, but
the French country offerings are both satisfying and a good
value.
http://www.nytimes.com/2001/04/25/living/25UNDE.html?0425wd
Find a Restaurant
http://nytoday.com/RestaurantAdvanced.html?0425wd
-----
Bar of the Week: Union Pool
Specialty drinks are the draw at this former pool-supply
store in Brooklyn full of Williamsburg charm.
http://nytoday.com/search/bin/bar?st=bar&bid=987428629916?0425wd
Find a Bar
http://www.nytoday.com/search/bin/bar?st=cat_nei&cat=NYToday%20Pick&nei=Manhat
tan?0425wd
6. Readers' Opinions: How Do You Barbecue?
==========================================
From barbecuing chicken to aerating wine, readers share
their insights and answer fellow readers' questions.
Q. How do you barbecue chicken so that it is cooked all the
way through and nicely blackened on the outside? -- kevin
cooney
A. The key to well-barbecued chicken is to manage your
heat...
Read the responses to this question and many others in:
Food and Wine Tips From Readers
http://www.nytimes.com/2001/04/24/living/24KNOW.html?0425wd
I hope you've enjoyed this email. Bon appetit!
Dan Saltzstein
Producer, Dining
New York Times Digital
[email protected]
------------------------------------------------------------
HOW TO CHANGE YOUR SUBSCRIPTION
------------------------------------------------------------
You received this message because you signed up for the New
York Times Wine & Dine Newsletter. To cancel delivery,
change delivery options, change your e-mail address or sign
up for other newsletters, see http://www.nytimes.com/email
HOW TO ADVERTISE
------------------------------------------------------------
For information on advertising in e-mail newsletters or
other creative advertising opportunities with The New York
Times on the Web, please contact Alyson Racer at
[email protected] or visit our online media kit at
http://www.nytimes.com/adinfo
|
{
"pile_set_name": "Enron Emails"
}
|
There are several changes to the Direct Report meeting in November.
First, the meeting will now conclude by 12:00 (noon) on Friday, November 9.
Second, the activities portion of the trip will not be sponsored by Enron....each individual will be responsible (personally) for payment of activity of choice. Most individuals either chose golf or horseback riding.....below is an estimate as to how much these activities will cost.
Golf:
Green Fees (East/West Course) $155.00/18 holes (Includes golf cart, use of practice balls, club care & storage)
(East/West Course) $85.00/9 holes (includes - same as above)
(Mountain Course) $95.00/18 holes (includes - same as above)
(Mountain Course) $50.00/9 holes (includes - same as above)
Rentals:
Golf clubs with sleeve of balls $55.00
Golf Shoes $20.00
Horseback riding: 1hour $25.00/person
1hour pkg $35.00/person (pkg includes shuttle ride to stables)
2hour $40.00/person
2hour pkg $50.00/person (pkg includes shuttle ride to stables)
mini ride (group only) $15.00/approximately 20 minutes
If you have an interest in the spa services that are available, please let me know and I will fax the spa list to you.
Please let me know ASAP which activity you choose so I can make the necessary arrangements.
Thanks and please call me if you have any questions.
Ginger Dernehl
Administrative Coordinator
Global Government Affairs
Phone# 713-853-7751
Fax# 713-646-8160
|
{
"pile_set_name": "Enron Emails"
}
|
Hi Ken,
Great job today! I was very proud of you.
I was thinking about 15 years ago. Wow! How much you have accomplished.
Please give Linda my love.
Warmly,
Alex
|
{
"pile_set_name": "Enron Emails"
}
|
Margaret,
The forward power and gas price curves, unlike NYMEX futures prices,
are not publicly available and are a closely guarded secret of the trading
desks.
We have no authority to release them without getting the head of the
trading desk involved.
Vince
|
{
"pile_set_name": "Enron Emails"
}
|
Remove
[email protected] on 12/06/2000 12:35:43 AM
To: undisclosed-recipients:;
cc:
Subject: .
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From This List: reply to this email with the email
address that you would like removed and the word REMOVE in the subject
heading.
|
{
"pile_set_name": "Enron Emails"
}
|
FROM STEVE KEAN:
"This was an interesting call. The replay number is below. I fear
Bergstrom was far too optimistic about FERC."
----- Forwarded by Maureen McVicker/NA/Enron on 10/27/2000 11:07 AM -----
Mark Koenig
10/27/2000 09:24 AM
To: Kathryn Corbally/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron
cc:
Subject: California Re-Regulation Issue Conference Call Today, Friday Octo
ber 27th at 10:30am EST.
---------------------- Forwarded by Mark Koenig/Corp/Enron on 10/27/2000
09:08 AM ---------------------------
"Niles, Ray [EQRE]" <[email protected]>@ssmb.com> on 10/27/2000 08:47:41 AM
Sent by: "Collazo, Judy E [EQRE]" <[email protected]>
To: undisclosed-recipients:;
cc:
Subject: California Re-Regulation Issue Conference Call Today, Friday Octo
ber 27th at 10:30am EST.
!!! IMPORTANT CALL TODAY !!!!
California Re-Regulation Issue Conference Call
Today, Friday October 27th at 10:30am EST.
Topic: Re-Regulation Issue with Steve Bergstrom, COO of Dynegy, one of the
leading players in the California market
Host: Ray Niles
Call In: 800-229-0281 US
706-645-9237 Int'l
Replay: 800-642-1687 US
706-645-9291 Int'l
Reservation: 842447 (48 hours)
Raymond C. Niles
Power/Natural Gas Research
Salomon Smith Barney
(212) 816-2807
[email protected]
s
|
{
"pile_set_name": "Enron Emails"
}
|
---------------------- Forwarded by Robert Hemstock/CAL/ECT on 09/01/2000
10:22 AM ---------------------------
From: Robert Hemstock 09/01/2000 10:22 AM
To: Richard B Sanders/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES,
Aleck Dadson/TOR/ECT@ECT, Mark Palmer/Corp/Enron@ENRON, [email protected],
[email protected], [email protected], [email protected], Robert
Hemstock/CAL/ECT@ECT
cc: Rob Milnthorp/CAL/ECT@ECT, Peter Keohane/CAL/ECT@ECT
Subject: Re: Project Stanley - Recent Meetings with Alberta Government and
TransAlta
Rick Shapiro asked me to forward his response to me to the rest of the
Project Stanley team.
---------------------- Forwarded by Robert Hemstock/CAL/ECT on 09/01/2000
10:20 AM ---------------------------
Richard Shapiro@EES
09/01/2000 06:50 AM
To: Robert Hemstock/CAL/ECT@ECT
cc:
Subject: Re: Project Stanley - Recent Meetings with Alberta Government and
TransAlta
Absent Milnthorp's concern, I believe we should participate in coalitions and
issues that make business sense as this one appears to- While we need to be
cognizant of Stanley, it should be business as usual... so I would
participate if that were the decision we would make absent Stanley..... We
did nothing wrong in Stanley and this is an issue, i.e; B.C. Hydro/powerex
transmission market power that needs to be remedied. I would also ask
Milnthorp to reconsider his objection to participating while we're in
litigation - I think on issues like this where we have common ground that are
unrelated to the litigation, we need to rise above it and work to achieve the
common objective. Thanks.
To: Richard B Sanders/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES,
Aleck Dadson/TOR/ECT@ECT, Mark Palmer/Corp/Enron@ENRON, [email protected],
[email protected], [email protected], [email protected]
cc: Rob Milnthorp/CAL/ECT@ECT, Peter Keohane/CAL/ECT@ECT
Subject: Project Stanley - Recent Meetings with Alberta Government and
TransAlta
"Privileged and Confidential"
Please note: I have not sent this memo to GPC.
1. Meeting with Alberta Department of Resource Development
Rick Shapiro, Aleck Dadson, and I met with two senior officials from the
Alberta Department of Resource Development last week (Larry Charach,
Executive Director, Electricity and Stan Wenger, Assistant Deputy Minister,
Gas & Alberta Markets) and it is our view that the ADRD is not aware of
Project Stanley based on some rather awkward questions we were asked by Larry
Charach relating to our views on whether Powerex has complied with the spirit
of the rules in Alberta.
2. Meeting with TransAlta and Other Alberta Marketers
I attended a meeting of Alberta marketers last week hosted and organized by
TransAlta's trading group. TransAlta proposed the companies in attendance
form a coalition whose mandate and objective would be to retain counsel (U.S.
and Canadian) along with possibly other experts to assist the coalition in
formulating a strategy designed to address concerns of the invited market
participants with B.C. Hydro Power Supply, B.C.Hydro Grid Operations and
Powerex's alleged improper use of the Network Economy Tariff provisions in
the B.C. Hydro Wholesale Transmission Tariff.
The attendees at the meeting included representatives from 4 of the 5 Alberta
PPA Buyers, namely Enron, TransCanada Power, Engage Energy, and Enmax along
with Atco Power, PanCanadian, Duke Energy, and Aquila. In addition, although
Bonneville Power Administration was not in attendance it was interesting that
TransAlta advised that BPA shared TransAlta's concerns and was interested in
working with this group to address these concerns.
At the meeting TransAlta walked the group through a specific example of a
situation that occurred in May 2000 where TransAlta alleges that both it and
TransCanada Power were blocked from using scheduled interruptible
transmission capacity out of Alberta by B.C. Hydro Power Supply through its
use of the Network Economy provisions in the B.C. Hydro Wholesale
Transmission Tariff (which has a higher priority than interruptible
transmission) during a period when prices were considerably higher in the
Pacific Northwest than in Alberta. As a result of the interruption of
TransAlta's and TransCanada's interruptible transmission reservation,
transmission capacity between Alberta/BC border and BC/US border became
available and was immediately acquired by B.C. Hydro Power Supply and used to
support Powerex exports during these periods into the U.S. TransAlta
estimates the opportunity cost of this curtailment to TransAlta was $2
million.
TransAlta's frustration is no surprise to Enron Canada. I can advise that I
wrote a memo to John Lavorato dated March 17, 2000 in which I reviewed
Enron's concerns regarding the behavior of B.C. Hydro Power Supply and
Powerex that is very similar to the allegations presented by TransAlta. The
purpose of my memo to John L was to outline my initial thoughts on what Enron
Canada may wish to do to attempt to stop this abuse and was focused on the
idea of proceeding with a complaint to FERC that B.C. Hydro Power Supply and
Powerex were exercising transmission market power. Enron Canada did not
pursue this any further at the time.
Among the ideas reviewed by TransAlta with the group to address and rectify
the abuse it alleges exist on the transmission path between Alberta and the
U.S. Pacific Northwest included:
i) a complaint to ADRD and a request they become involved;
ii) a complaint to the Alberta Market Surveillance Administrator;
iii) a complaint to FERC;
iv) a complaint to the BCUC;
v) a complaint to the B.C. Government;
vi) a complaint to the NEB;
vii) a complaint to the Competition Bureau; and/or
viii) a NAFTA complaint.
With respect to TransAlta's comments relating to the Competition Bureau, they
advised the group that they have spoken to the Competition Bureau about their
concerns and were told by the Competition Bureau that it is monitoring the
Alberta electricity market. Based on the description provided by TransAlta
of its discussions with the Competition Bureau and other comments made by
TransAlta at the meeting I do not believe TransAlta is aware of Project
Stanley. I believe the comments made by the TransAlta trader Enron's
trader last month about the Competition Bureau were not about Project Stanley
but were in the context of TransAlta complaining to the Competition Bureau
about B.C. Hydro Power Supply and Powerex's alleged abuse of the Network
Economy provisions in the Tariff.
The next step in the coalition building process is a meeting on September 11,
2000 of those companies that wish to proceed to form a coalition. The idea
is that the coalition members would work out the terms of confidentiality
documentation prior to any member sharing historical information that it may
wish to provide relating to potential abuses by B.C. Hydro Power Supply or
Powerex. In addition they intend to begin to consider which of the possible
courses of action described above would be most effective. It appears from
the discussion at the initial meeting that the option that involves a
complaint to FERC is the most favored by TransAlta at this time. Finally,
they intend to discuss a preliminary budget which TransAlta suggested may be
in the range of $500,000 Cdn if the group elects to proceed with a complaint
to FERC.
There are without question a number of reasons why a decision that Enron
Canada should not even consider having any part of this coalition in view of
the Project Stanley matter is the safest strategy. Having said this, Enron
Canada has a significant commercial interest in seeing this coalition (with
or without Enron) achieve its objective to reduce or eliminate B.C. Hydro
Power Supply's and Powerex's ability to use the Network Economy Service to
block its competitors from access to import capacity into Alberta and export
capacity into the U.S. Enron Canada's recent acquisition of the Alberta
Sundance B PPA (700 MW of capacity dispatch rights in Alberta) makes this
issue even more commercially significant as the ability to contract for
transmission capacity without the risk of a reasonable probability of
curtailment as a result of B.C. Hydro Power Supply invoking Network Economy
Service would represent a significant risk mitigant for Enron's Sundance B
long position. There is also some benefit of participating in the coalition
to influence the direction it takes and to stay abreast of what it is doing.
I have discussed the matter with Rob Milnthorp and he agrees that the
decision to participate in the coalition would obviously have to be
considered and approved by those managing the Project Stanley issue. If the
decision of the Project Stanley team is that Enron Canada must steer clear of
this coalition because of Project Stanley, then Rob M and other commercial
guys in ENA who do business with Powerex will not need to give further
consideration to additional reasons why Enron Canada may elect not
participate such as: i) the implications on Enron Canada's and ENA's
commercial relationship with Powerex, ii) whether Enron Canada would be
prepared to commit to anything more than attending the first meeting of the
coalition with a view to understanding the nature of the confidentiality
obligations, the favored course of action, and the budget, iii) whether
Enron Canada would explicitly reserve the right to withdraw from the
coalition at any time, and iv) whether Enron would want to be in a coalition
with BPA who I understand we believe may also be engaged in exercising
transmission market power . To complicate this further, Enron Canada is
presently being sued by TransAlta over the interpretation of the wording in
two swap transactions and Rob Milnthorp has indicated that Enron Canada will
not agree to participate in any coalition with TransAlta unless and until
TransAlta discontinues this lawsuit.
I look forward to your comments and feedback on this issue.
Regards,
Rob
|
{
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John:
The following is a quick update on the actions that we have taken with El Paso:
Nov. 19 - I met with El Paso's commercial team giving them a full briefing on the project. During the meeting we signed a confidentiality agreement and I delivered to them a full data-room disk with approximately 80 project documents.
Nov. 21 - We delivered a follow-up email with two additional documents completed in the interim. We scheduled a site visit for Nov. 28th for the date requested by El Paso.
Nov. 26 - We delivered all additional information requested by El Paso in preparation for their site visit.
We are currently awaiting further requests from El Paso to schedule further conference calls to address specific issues. These will be scheduled immediately upon their request.
Please let me know if you hear anything from Greg Bafalis.
Thanks,
Brett
|
{
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|
In an effort to pull the pieces together, a meeting has been scheduled to
discuss the draft energy and capacity contract (formerly the PPA). It is
scheduled for Thursday, August 24th, at 900am. We are still in the process
of locating a conference room, so the location is TBD.
Thanks,
Kay
Here are the most recent comments from VEPCO:
Some of you may have received this already. I have not compared it against
what we last sent them.
|
{
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|
For the sake of completeness, attached is clean and redlined version the
amended and restated Transaction No. 2 Confirm which goes along with the
Capacity Release and Trailblazer Assignment docs.
|
{
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|
Are you in today?
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Wednesday, October 31, 2001 11:19 AM
To: [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]
Subject: Zen quotations
[email protected]
10/31/2001 11:59 AM
To: [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected]
cc:
bcc:
Subject: Zen quotations
Zen Quotations:
1. Do not walk behind me, for I may not lead.
..........Do not walk ahead of me, for I may not
..........follow. Do not walk beside me, either.
.........Just leave me the hell alone.
2. The journey of a thousand miles begins with
..........a broken fan belt and a leaky tire.
3. It's always darkest before dawn, so if you're
..........going to steal your neighbor's newspaper,
..........that's the time to do it.
4. Sex is like air. It's not important unless you
..........aren't getting any.
5. Don't be irreplaceable. If you can't be replaced,
..........you can't be promoted.
6. Always remember you're unique.
..........Just like everyone else.
7. Never test the depth of the water with both feet.
8. It may be that your sole purpose in life is simply
..........to serve as a bad example.
9. It is far more impressive when others discover
..........your good qualities without your help.
10. If you think nobody cares if you're alive, try
..........missing a couple of car payments.
11. Before you criticize someone, you should walk
..........a mile in their shoes. That way, when you
..........criticize them, you're a mile away and you
..........have their shoes.
12. If at first you don't succeed,
..........skydiving is not for you.
13. Give a man a fish and he will eat for a day.
..........Teach him how to fish and he will sit in a
..........boat & drink beer all day.
14. If you lend someone $20 and never see that person
again,
..........it was probably worth it.
15. Don't squat with your spurs on.
16. If you tell the truth, you don't have to
..........remember anything.
17. If you drink, don't park
..........accidents cause people.
18. Some days you are the bug, some days you
..........are the windshield.
19. Don't worry, it only seems kinky the first time.
20. Good judgment comes from bad experience,
..........and a lot of that comes from bad judgment.
21. The quickest way to double your money is to
..........fold it in half and put it in your pocket.
22. Timing has an awful lot to do with the outcome
..........of a rain dance.
23. A closed mouth gathers no foot.
24. Duct tape is like the Force. It has a light side &
..........a dark side, and it holds the universe
together.
25. There are two theories to arguing with women.
..........Neither one works.
26. Generally speaking, you aren't learning much
..........when your mouth is moving.
27. Experience is something you don't get until
..........just after you need it.
28. Never miss a good chance to shut up.
29. We are born naked, wet, and hungry.
..........Then things get worse
|
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The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete. Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein. Any
opinions expressed herein are solely those of the author. As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates. ? 2001 Carr Futures
The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.
Crude http://www.carrfut.com/research/Energy1/crude32.pdf
Natural Gas http://www.carrfut.com/research/Energy1/ngas32.pdf
Distillate http://www.carrfut.com/research/Energy1/hoil32.pdf
Unleaded http://www.carrfut.com/research/Energy1/unlded32.pdf
Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG32.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG32.pdf
Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL32.pdf
Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606 USA
Tel: 312-368-6149
Fax: 312-368-2281
[email protected]
http://www.carrfut.com
|
{
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}
|
For.
-----Original Message-----
From: Teresa Knight <[email protected]>@ENRON
Sent: Thursday, November 01, 2001 11:03 AM
Cc: Staff
Subject: Your Vote is Required by November 8th!
Ladies and Gentlemen:
Attached is a letter from Bill Harper, NESA/HEA President, on behalf of the
Board of Directors, asking you to vote on amending the name of the
Association from NESA/HEA to NESA. Please read the letter and cast your
e-ballot by November 8, 2001 by replying to this message either "FOR" or
"AGAINST".
Sincerely,
Teresa A. Knight
Vice President, Member Services
NESA/HEA
<<NAME CHANGE RECOMMENDATION TO MEMBERS 1.doc>>
- NAME CHANGE RECOMMENDATION TO MEMBERS 1.doc << File: NAME CHANGE RECOMMENDATION TO MEMBERS 1.doc >>
|
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|
For purposes of our discussions, Alan and I have put together an outline of
issues raised in the FERC meeting today that we might consider putting in our
comments to FERC. Our written comments would also include the issues we have
already raised in our white paper and our oral comments at FERC. Of course
to the extent we have discussed things in our white paper we could simply
cite the paper. Given the potentially long list of issues to be addressed, I
haved left a voice mail asking Seabron if he is available to help Alan.
|
{
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|
Mr. Tycholiz:
I represent SCE's Energy Supply and Marketing Department with respect to
the above-referenced subject. It is my understanding that the account
number in Section 2 of the Transaction Agreement Regarding Collateral
("Agreement") is incorrect. I propose that the parties correct the error
by lining out the incorrect number and inserting by hand the correct one.
I have drafted and attached a letter agreement reflecting that intention.
Please review and call me at your earliest opportunity so tht we may
discuss further. Thank you.
(See attached file: EnronLetterAgreement.doc)
|
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SEVERAL OF YOU HAVE MAJOR CONFLICTS WITH THIS CHANGE, WE ARE MOVING THE MEETING BACK TO THE 3:00 - 4:00 TIME SLOT.
-----Original Message-----
From: Westbrook, Sharron
Sent: Tuesday, September 25, 2001 11:47 AM
To: Apollo, Beth; Beck, Sally; Belden, Tim; Black, Don; Bradford, William S.; Bryan, Jennifer; Buy, Rick; Carrizales, Blanca; Causey, Richard; Colwell, Wes; Dayao, Anthony; Dietrich, Janet; Heathman, Karen K.; Hinojosa, Esmeralda; Holmes, Sean; Leff, Dan; Presto, Kevin M.; Stubblefield, Wade; Tijerina, Shirley
Subject: EES/EWS Process Meeting Time Change
For this week only the time for the EES/EWS Process Meeting has been changed.
Thursday, September 27
4:00 - 5:00 (previously scheduled for 3:00 - 4:00)
EB3321
|
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|
Michael:
Thanks for putting the paperwork together.
I would have interest in meeting if you can present unique investment
opportunities that I don't have access to now. Most of my contact with
financial advisors in the past has consisted of them suggesting a mutual
fund, telling me to invest in Home Depot, Sun, and Coke, or trying to pass
off their banks' biased research reports as something valuable. The above
services provide no value to me personally. If you can present opportunities
such as access to private equity or hedge funds, or other ideas with strong
growth potential and low correlation to the S@P, I'd listen.
John
"Michael Gapinski" <[email protected]> on 02/21/2001 08:23:04
AM
To: "'[email protected]'" <[email protected]>
cc: "'Rafael Herrera'" <[email protected]>
Subject: RE: Buying back calls
John -
We'll get the paperwork together and sent to you for naked options. At some
point, I'd like to talk about the diversification strategy in more detail --
perhaps over dinner or a quick meeting after the markets close?
Michael Gapinski
Account Vice President
Emery Financial Group
PaineWebber, Inc.
713-654-0365
800-553-3119 x365
Fax: 713-654-1281
Cell: 281-435-0295
-----Original Message-----
From: [email protected] [SMTP:[email protected]]
Sent: Tuesday, February 20, 2001 10:14 PM
To: [email protected]
Subject: Re: Buying back calls
Michael:
Appreciate the idea. However, with my natural long, I'm not looking to
really trade around the position. I believe ENE will continue to be range
bound, but in case it is not, I don't want to forgo 50% of my option
premium.
I have price targets of where I would like to lighten up exposure to ENE
and will use calls to implement the stategy. To that regards, I noticed I
was not approved to sell naked calls. I would like that ability in order
to hedge some exposure I have of unexercised vested options. Please look
into that for me.
John.
"Michael Gapinski" <[email protected]> on 02/20/2001
06:28:27 PM
To: "'Arnold, John'" <[email protected]>
cc:
Subject: Buying back calls
John -
I was looking at the recent pullback in ENE and thinking it might be an
opportunity to buy back the calls you sold. Of course, you would then be
in a position to sell calls again if the stock makes a bounce. I'm not
sure that ENE @ 75 is the place, but maybe @ 73. Call me if you're
interested.
Michael Gapinski
Account Vice President
Emery Financial Group
PaineWebber, Inc.
713-654-0365
800-553-3119 x365
Fax: 713-654-1281
Cell: 281-435-0295
Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions. Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.
Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions. Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.
|
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-----
Enron Said To Be Takeover Target, Shell Tipped As Possible Bidder
> Oct. 28 (Power Finance & Risk)
> Enron, which 12 months ago was the darling of the energy markets, has
> become increasingly vulnerable to a takeover bid following the recent
> collapse of its share price, according to bankers and analysts. Royal
> Dutch/Shell is one likely bidder, they say, noting that Enron's relatively
> modest market capitalization--down to $11.5 billion late last week from a
> high of more than $55 billion--means that Shell and other potential
> acquirers would have little trouble digesting it whole. Cerris Tavinor, a
> spokeswoman for Shell, declined to comment. Calls to Enron were not
> returned.
> An M&A banker in London says the Anglo-Dutch oil giant was rumored to have
> approached Enron unsuccessfully in August. An analyst in New York adds
> Shell has courted Enron for more than three years. "[Shell]'s downstream
> power business InterGen has not been as successful as it and its partner
> Bechtel hoped, especially in the U.S., and this would be a great fit," he
> continues.
> While many energy concerns would love to get their hands on Enron's hugely
> successful gas and electricity trading business, its forays into water,
> broadband and pulp and paper, might prove less attractive. Bidders may
> want to cherry pick the best parts of the business, reasons Peter Fusaro,
> president of Global Change Associates in New York. Still, he says "there
> is a distinct possibility that it could be bought outright."
> Another obstacle to any sale is believed to be CEO Kenneth Lay's
> unwillingness to sell the company at such a low stock price. Still, Lay
> has already given up the executive reins once, and at 61, he would
> probably be willing to sell if the premium was significantly rich, argues
> one New York based banker. Another adds that Lay will probably wait for
> the share price to recover before he would even consider talking to
> bidders.
> Bankers argue that potential bidders would be unwilling to ride roughshod
> over Lay's wishes through a hostile bid as most of Enron's value is tied
> up in intellectual capital. Hostile bidders run the risk that senior staff
> will jump ship, argues a London banker.
> Another obstacle to any bid is concern that Enron may have additional
> skeletons in its financial closet. Last week's stock market selloff was
> prompted by Enron unexpectedly writing off some $1.2 billion in equity
> resulting from the termination of contracts with a special purpose vehicle
> linked to Peter Fastow, cfo. Analysts fear that Enron may have to
> terminate similar contracts over the next quarters.
>
|
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FYI This is the problem we had with IM-Performance
-----Original Message-----
From: Krishnaswamy, Jayant
Sent: Tuesday, January 15, 2002 1:37 PM
To: Hare, Bill D.
Cc: Chitradurga, Sundar; Severson, Russ
Subject: Duplicate names
We have a "bug" in Sitara when multiple global counterparty rows (Sitara portfolios and Tagg books) have the same COUNTERPARTY_LEGAL_NM.
We are currently not doing any code enhancement.
Until we get over this hump, we would appreciate your assistance in ensuring that duplicat names are avoided.
Thanks
|
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I'm in the need of informing the whole team that Argentina through the
Argentine Association of Derivatives has developed a document that's
circulating in the market and will surely be optimised to the extent that
Argentine companies will use it in the near future if not inmediately. This
document has been prepared by experienced groups of professionals with
foreign support on terms of credit and legal issues.
My impression is that will be competing against that document in a great deal
of disadvantage. This disadvantage will be a "cultural" disadvantage from the
moment that latin american countries tend to have "shorter" documents written
in the local language where the transaction is taking place.
If the ISDA was at least written in Spanish (rather than French or German) it
would be of great help. This is an issue that really "tickles" me: Why isn't
the ISDA document translated into Spanish being that it is after English
probably the language most spoken through out the globe and second that
there's much more opportunity of selling Risk Management Products to Latin
American countries rather than French companies through my more than
disappointing experience in trying to close a deal with French Total.
I believe Sara's visit would be more that important. I'll try to forward
everybody a copy of the document that was drafted in Argentina for
everybody's info.
I strongly believe in the matters of evolution and I'm sure that in the
future ESA's market will mature in such a way that will just like Enron
Europe a document to match market's needs.
|
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|
Phillip,
I tried to breakout the curves that Keith and Frank will be setting in the file you have been working in. We probably should run these past them to make sure
-----Original Message-----
From: Grigsby, Mike
Sent: Thursday, January 03, 2002 10:21 AM
To: Keiser, Kam
Subject: RE: new books
Two people will be setting curves for basis. Keith Holst for CA curves and Frank Ermis for Rockies and Southwest curves. I will be setting curves for balance of the month.
Thanks,
Mike
-----Original Message-----
From: Keiser, Kam
Sent: Thursday, January 03, 2002 9:03 AM
To: Grigsby, Mike
Subject: new books
Mike,
We will be setting up both physical and financial books for everyone. I know not everyone will have physical but to keep it consistent everyone will have both just in case. I have the 10 names you sent Jeff earlier, please let me know if that changes. Do you know what the structure going to look like? ie. will each trader be assigned specific curves/locations, cash vs. term, how many different people will be setting curves.
We will be starting over with our curve files also. We want to only start with the true published curves. We have many derived/internal curves that aren't necessary and if we need to create more curves we will look into it later. Since the number of curves will be greatly reduced, we will probably start with one file.
Thanks
Kam
-----Original Message-----
From: Grigsby, Mike
Sent: Wednesday, January 02, 2002 2:40 PM
To: Keiser, Kam
Subject: Zach McCarroll
Can you get together with Zach on Thursday or Friday and walk him through a simple book. Take Jane Tholt's book and discuss Risk 101.
Send him an email with a time and place.
Thanks,
Mike
|
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looks like a deal. i think i am going to go to your bachelor party and not
miami. i bet you are real excited about that. lets set up golf for fri or
sat. you missed a good night on sat.
|
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<p align=center style='text-align:center'><b><span style='font-size:13.5pt'>IntercontinentalExchange
</span></b><span style='font-size:13.5pt'><br>
</span>Firm Power Price Bulletin <br>
<br>
<b>For Power Delivered on Monday, <st1:date Year="2001" Day="24" Month="12">December
24, 2001</st1:date> </b><br>
<i><span style='font-size:10.0pt'>(Trade Date of <st1:date Year="2001" Day="21" Month="12">Friday,
December 21, 2001</st1:date>) </span></i><br>
<br>
Click here to access <a
href="http://www.intcx.com/SubscriberServlet/subscriberservlet.class?operation=powerIndexForm&hub=All">index
history</a>. <br>
<br>
<i><span style='font-size:10.0pt'>* volume represents sell-side only * </span></i><o:p></o:p></p>
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<p class=MsoNormal><b><u><span style='font-size:10.0pt'>Hub</span></u><o:p></o:p></b></p>
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<td style='padding:.75pt .75pt .75pt .75pt'>
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<td style='padding:.75pt .75pt .75pt .75pt'>
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style='font-size:10.0pt'>$16.10</span></p>
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<td style='padding:.75pt .75pt .75pt .75pt'>
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<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>-</span></b><span style='font-size:10.0pt'> 4.16</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>40,800</span></p>
</td>
</tr>
<tr style='mso-yfti-irow:2'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>Comed</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$17.25</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$15.75</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$16.46</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>-</span></b><span style='font-size:10.0pt'> 3.79</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>10,400</span></p>
</td>
</tr>
<tr style='mso-yfti-irow:3'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>Entergy</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$20.75</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$18.00</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$19.95</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>-</span></b><span style='font-size:10.0pt'> 2.49</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>19,200</span></p>
</td>
</tr>
<tr style='mso-yfti-irow:4'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>Nepool</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$26.50</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$25.75</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$26.17</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>-</span></b><span style='font-size:10.0pt'> 1.69</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>2,400</span></p>
</td>
</tr>
<tr style='mso-yfti-irow:5'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>*Palo Verde</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$23.70</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$22.50</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$23.01</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>-</span></b><span style='font-size:10.0pt'> .41</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>6,400</span></p>
</td>
</tr>
<tr style='mso-yfti-irow:6'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>PJM-West</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$21.50</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$20.90</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$21.08</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>-</span></b><span style='font-size:10.0pt'> 3.31</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>36,000</span></p>
</td>
</tr>
<tr style='mso-yfti-irow:7'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>*SP-15</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$25.00</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$24.50</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$24.75</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>+</span></b><span style='font-size:10.0pt'> .26</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>800</span></p>
</td>
</tr>
<tr style='mso-yfti-irow:8;mso-yfti-lastrow:yes'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>TVA</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$16.00</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$16.00</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$16.00</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>-</span></b><span style='font-size:10.0pt'> 5.69</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>2,400</span></p>
</td>
</tr>
</table>
</div>
<p align=center style='text-align:center'><b style='mso-bidi-font-weight:normal'><i><span
style='font-size:10.0pt'>**For power delivered on Wednesday, December 26<sup>th</sup>**<o:p></o:p></span></i></b></p>
<p align=center style='text-align:center'><b> <o:p></o:p></b></p>
<p align=center style='text-align:center'><b>For Power Delivered on <st1:date Year="2001" Day="26" Month="12">Wednesday,
December 26, 2001</st1:date> </b><br>
<i><span style='font-size:10.0pt'>(Trade Date of <st1:date Year="2001" Day="21" Month="12">Friday,
December 21, 2001</st1:date>)<o:p></o:p></span></i></p>
<p align=center style='text-align:center'><i><span style='font-size:10.0pt'>*
volume represents sell-side only *<o:p></o:p></span></i></p>
<div align=center>
<table border=0 cellpadding=0 width="70%" style='width:70.0%;mso-cellspacing:
1.5pt;mso-padding-alt:0in 0in 0in 0in'>
<tr style='mso-yfti-irow:0'>
<td width="13%" style='width:13.56%;padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><b><u><span style='font-size:10.0pt'>Hub</span></u><o:p></o:p></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><u><span
style='font-size:10.0pt'>High</span></u><o:p></o:p></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><u><span
style='font-size:10.0pt'>Low</span></u><o:p></o:p></b></p>
</td>
<td width="19%" style='width:19.88%;padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><u><span
style='font-size:10.0pt'>Wtd Avg Index</span></u><o:p></o:p></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><u><span
style='font-size:10.0pt'>Change ($)</span></u><o:p></o:p></b></p>
</td>
<td width="17%" style='width:17.14%;padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><u><span
style='font-size:10.0pt'>Vol (Mwh)</span></u><o:p></o:p></b></p>
</td>
</tr>
<tr style='mso-yfti-irow:1'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>Cinergy</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$23.00</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$22.30</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$22.86</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>+5.88</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>21,600</span></p>
</td>
</tr>
<tr style='mso-yfti-irow:2'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>Comed</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$22.00</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$21.50</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$21.83</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>+5.37</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>2,400</span></p>
</td>
</tr>
<tr style='mso-yfti-irow:3'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>Entergy</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$24.00</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$23.50</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$23.81</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt;mso-bidi-font-weight:bold'>+3.86</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>3,200</span></p>
</td>
</tr>
<tr style='mso-yfti-irow:4'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>Nepool</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$32.00</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$32.00</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$32.00</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt;mso-bidi-font-weight:bold'>+5.83</span><span
style='font-size:10.0pt'><o:p></o:p></span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>800</span></p>
</td>
</tr>
<tr style='mso-yfti-irow:5'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>PJM-West</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$25.25</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$22.25</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$24.49</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>+3.41<o:p></o:p></span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>12,800</span></p>
</td>
</tr>
<tr style='mso-yfti-irow:6;mso-yfti-lastrow:yes'>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal><span style='font-size:10.0pt'>TVA</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$22.75</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>$22.00</span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><b><span
style='font-size:10.0pt'>$22.35</span></b></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt;mso-bidi-font-weight:bold'>+6.35</span><span
style='font-size:10.0pt'><o:p></o:p></span></p>
</td>
<td style='padding:.75pt .75pt .75pt .75pt'>
<p class=MsoNormal align=right style='text-align:right'><span
style='font-size:10.0pt'>4,800</span></p>
</td>
</tr>
</table>
</div>
<p align=center style='text-align:center'><b style='mso-bidi-font-weight:normal'><i><span
style='font-size:10.0pt'> <o:p></o:p></span></i></b></p>
<p><i><span style='font-size:10.0pt'>Includes all trades done from 6 AM to 11
AM Central Prevailing Time on the trade date specified for financially firm power
delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM -
10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s)
specified. </span></i><span style='font-size:10.0pt'><br>
<br>
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</html>
|
{
"pile_set_name": "Enron Emails"
}
|
Elizabeth,
I am going to divide my presentation into two parts. One is going to be designed to give the marketers "talking points" and the other is going to be a technical thing where I show them some bad wording and tell a couple of scary war stories.
I would like to get your take on the following kind of big picture Enron policy on WSPP approach. Unless you agree with and support this kind of "How Enron views the WSPP" policy, I shouldn't be advocating it at the meeting.
Enron's view is that the days of comparing the WSPP Agreement to the EEI should be coming to an end. It is time for a joint committee of WSPP and EEI experts to merge the agreements. Everybody is wasting too much time comparing the two agreements and trying to say one is better than the other. Every amendment that has been made in the past two years brings the agreements closer and closer into alignment and it is preposterous for any serious lawyer to argue that we are better off with two agreements, one that is almost like the other one. Valuable resource time is being wasted. Enron believes that a joint committee should accelerate the merger of the agreements.
This will free up the WSPP organization to do what it does best: provide an extremely useful industry formum kind of function. The WSPP should be focusing on more boondoggles and more future looking work like getting ready for RTO West, dealing with the emerging California changes, and open access in Oregon and Nevada. Right now, the highly talented regional organization is spending an unfortunate amount of time trying to distinguish its contract from the EEI when both are converging toward the same center. This unfortunate distraction is keeping the WSPP from adding the tremendous value it does add through its boondoggles and industry issue discussions. The WSPP organization is needed for bigger and better things than dragging us through an ever narrowing labyrinth of legal distinctions.
We need this kind of glazed over positive spin on the WSPP process because our marketers do not like to be isolated from the cozy herd at these boondoggles. Sales people do not want to feel alone and different. They are all about the slimy intimacy of sales. It is hard for Stewart Rosman to go to Cour d'Lane and have Greg Wolf and Shari Stack confront him with difficult questions about why Enron is voting so and so on such and such. He wants to feel loved. Therefore, this policy would let our marketers praise the WSPP for being a great organization, but at the same time, advocate that it become even greater by declaring victory on the contract front and shifting over to more important projects. Rosman should say: Enron loves the WSPP, it has done a great job with the contract reformation, that task is done, we now should move on to bigger and better tasks. Let's get the contract stuff wrapped up with a joint committee and get more important matters on the agenda.
Something like this is what we need to do with this ongoing mess. Otherwise, we pit Enron's clearmindedness against a stubborn mass of inert resistance and much toxic upheaval is the only result.
The world, including our little western power world, is not made up of people sitting around trying to be rational. It is full of all of the conflicts of history, ambitious tirades, irrational idiocyncracies and strong personalities. The WSPP institution is like one of the warring tribes of Lebanon. They are not going to go away. Enron needs to be more subtle in its regional diplomacy. Praise them as we bury them on the contract front. As our headquarters commander, I beg you to let Steve and me, as field operatives, pursue this diplomatic initiative over the next months. We can wind these guys up to talk this kind of talk next Wednesday. One consequence of the policy is that you would have to urge the EEI bureacracy to embrace a joint committee approach. ----cgy
-----Original Message-----
From: Rosman, Stewart
Sent: Friday, October 19, 2001 3:02 PM
To: Choi, Paul; Malowney, John; Van Gelder, John; Lackey, Chris; Buerkle, Jim
Cc: Belden, Tim; Calger, Christopher F.; Yoder, Christian; Hall, Steve C. (Legal)
Subject: Legal Discussion
Christian Yoder has graciously agreed to host a symposium comparing and contrasting the WSPP and the EEI. The meeting will take place on Oct 31 (Halloween) at 1:00 PM in Mt Bachelor.
Stewart
|
{
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|
You may want to send this on to Joe.
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 08/24/2000
09:00 AM ---------------------------
<[email protected]> on 08/22/2000 01:16:29 PM
To: [email protected], [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected]
cc:
Subject: FW: Pick up lines
As if you guys needed any tips...
~~~~~~~~~~~~~~~~~~~~~~~~
1. I wish you were a door so I could bang you all day long.
2. (Lick finger and wipe on her shirt) Let's get you out of these wet
clothes.
3. Nice legs...what time do they open?
4. Do you work for UPS? I could have sworn I saw you checking out my
package.
5. You've got 206 bones in your body, want one more?
6. Can I buy you a drink or do you just want the money?
7. I may not be the best looking guy in here, but I'm the only one
talking to you.
8. I'm a bird watcher and I'm looking for a Big Breasted Bed
Thrasher, have you seen one?
9. I'm fighting the urge to make you the happiest woman on earth
tonight.
10. Wanna play army? I'll lay down and you can blow the hell outta
me.
11. I wish you were a Pony Carousel outside Walmart, so could ride
you all day long for a quarter.
12. Oh, I'm sorry, I thought that was a braille name tag.
13. I'd really like to see how you look when I'm naked
14. Is that a ladder in your stockings or the stairway the heaven?
15. You might not be the best looking girl here, but beauty is only
a light switch away
16. Are those real?
17. You must be the limp doctor because I've got a stiffy.
18. You can feel the magic between us...No, lower!
19. I'd walk a million miles for one of your smiles, and even
farther for that thing you do with your tongue.
20. Girl, if you were a porch I'd take out all the nails and screw
ya
21. If it's true that we are what we eat, then I could be you by
morning.
22. (Look down at the crotch) It's not just going to suck tself.
23. You know, if I were you, I'd have sex with me.
24. You. Me. Whipped cream. Handcuffs. Any Questions?
25. Fuck me if I'm wrong but is your name Helga?
26. Those clothes would look great in a crumpled heap on my bedroom
floor.
27. My name is (name)...remember that, you'll be screaming it later.
28. Do you believe in love at first sight or should I walk by again?
29. Hi, I'm Mr. Right. Someone said you were looking for me.
30. My friend wants to know if YOU think I'M cute."
31. Hi, the voices in my head told me to come over and talk to you.
32. My name isn't Elmo, but you can tickle me anytime you want to.
33. I know milk it does a body good, but DAMN, how much have you
been drinking?
34. If you were the last woman and I was the last man onearth, I bet
we could do it in public.
35. Wanna come over for some pizza and sex? No? What you don't like
pizza?
36. I may not be Dairy Queen but I'll treat you right.
37. Baby, I'm an American Express lover...you shouldn't go home
without me.
38. Do you sleep on your stomach at night? Can I???
39. Do you wash your pants in Windex because I can see myself in
them.
40. If I told you you had a nice body, would you hold IT against me?
41. I lost my puppy, can you help me find him? I think he went into
this cheap motel room.
42. If I could rewrite the alphabet, I would put you and I together.
43. Let me check the tag on your shirt, I want to see if it says
"Made in Heaven"
44. Hey nice shoes, wanna fuck?
> > > >
|
{
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}
|
Scott,
I emailed your question to a friend that works for the new company. I think
I know the answer to your questions but I want to get the exact details from
him. Basically, they will offer energy online at a fixed price or some
price that undercuts the current provider. Then once their sales are large
enough they will go to the wholesale market to hedge and lock in a profit.
The risk is that they have built in enough margin to give them room to manage
the price risk. This is my best guess. I will get back to you with more.
Phillip
|
{
"pile_set_name": "Enron Emails"
}
|
Weasel!!
|
{
"pile_set_name": "Enron Emails"
}
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[email protected] writes to the NYISO_TECH_EXCHANGE Discussion List:
After reading Pete's update on MIS changes that will go into effect May 29, I
have tried the phone route with the NYISO and haven't found a live person to
answer a question I have regarding the $20,000 day ahead adder. The removal of
the $20,000 adder was supposed to be in conjunction with the proposal passed
by
BIC and MC back in Sept, where the external proxy busses would clear at BME
instead of LBMP. Subsquently it was determined that due to soft ware
limitations
and the study that long term prices indicated that the BME clearing prices
would
have big uplift impact since BME averaged higher then the LBMP. The answer was
to automate ECA06B so that when there was congestion that only the proxy bus
effected would clear at BME, in effect eliminating the need for the $20,000
adder. Soooo the question is: Is the automated ECA06B going to be in place May
29?
Another thought along these lines...Will the removal of the $20,000 adder to
non constrained proxy busses pose a problem for those who don't want their DAM
schedules bumped by HAM schedules? Will simply babysitting your schedules by
changing the HAM bids be sufficent?
Since I'm on a roll, what about the fact that according to Tech Bull. 61 that
IS+ is still changing Export Sink Price Caps to a -$100 Dec Bid in spite of
the
fact that BIC and MC back in Sept passed a motion to change this so that the
Dec
bid would be equal in magnitude but opposite in sign from the SPC Bid? Which
is
wrong, Tech Bull 61, IS+ or me? Please only pick one, and it must pertain to
this narrow question.
|
{
"pile_set_name": "Enron Emails"
}
|
Effective: We have a new system to prepare expense reports called:
Expense Reporting System: XMS
In order for us (your assistants) to prepare your expense reports you will
need
to log on the system and give us your permission. I will provide you step by
step
instructions to do so. I will make it as easy as possible. It is very
important
that you do this otherwise we will not have access or permission.
(1) LOGGING ON TO THE SYSTEM:
Log on to xms.enron.com and enter your logon ID and password.
(Your log on ID is your P00 # or your NT ID and your
password is ENRON)
(2) SELECTING APPROVER AND ADMINISTRATIVE ASSISTANT
Select MY INFO button-Then go to Concur Expense tab and
select WORKFLOW.
Click on the spyglass to pick your approver (your
manager) then your Administrative Asst.
Be sure to SAVE YOUR SELECTION.
(3) CHANGING YOUR PASSWORD
Select MY INFO button-Then select MY PROFILE-Then CHANGE
PASSWORD
(Type in your old password twice) ( If you forget your
password call 31411.)
(4) CREATING AN EXPENSE REPORT (If you decide you would like to prepare your
own expense report)
Select MY WORKSPACE tab, then CREATE EXPENSE REPORT. Fill
in required fields.
Select next button
(5) APPROVING A REPORT
An email message will notify you of a report pending your
approval. You can click on the hotlink
to logon to XMS system. Approve at summary level by clicking
on the approval button for the
Home Page. Or double click on the title of the expense report
to preview the details.
TO LEARN MORE GO TO THE XMS WEB PAGE: http://xms.enron.com
|
{
"pile_set_name": "Enron Emails"
}
|
If the legacy deals move to NETCO then we need the ability to trade Canadian gas. Canada would not be out of business if we only traded US denominated financial products but it reduce our daily transactions by 75%.
-----Original Message-----
From: Hayden, Frank
Sent: Monday, January 07, 2002 10:39 AM
To: Zufferli, John
Subject:
John,
Dealing with Canadian issues and NETCO. Original thought was that legacy deals go away and we can do in Canada as we do in US. Unfortunately feedback is that currency issue will still exist. In your minds eye, will it put Canada out of biz if we require that during first 45 days only "US like" transactions occur?
Your feedback would be great.
Thanks,
Frank
|
{
"pile_set_name": "Enron Emails"
}
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the ski trip was great - really cold and lots of snow. we had a good time.
are you going to the peach bowl?
From: Bryan Hull
12/21/2000 01:20 PM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Happy Hour
can't do happy hour. How was your ski trip?
Enron North America Corp.
From: Eric Bass 12/21/2000 01:04 PM
To: Bryan Hull/HOU/ECT@ECT, Hector Campos/HOU/ECT@ECT
cc:
Subject: Happy Hour
Are ya'll up for Keneally's tonight?
|
{
"pile_set_name": "Enron Emails"
}
|
Nathan, give me call if you can -- 713-853-1586. I'm EVP and Chief of Staff
for Enron. We met during the on-campus interview process. I know we have
extended an offer and I'm still hoping you'll accept. Call me.
|
{
"pile_set_name": "Enron Emails"
}
|
The EnPower IT group in Houston is making some changes to the EOL Report
which in the long run will improve its functionality, but in the interim has
left it temporarily disabled. I have left a message for Nicolay Kraltchev,
the IT staff member in charge of the project, and he will be contacting both
Carla Hoffman and me tomorrow. With any luck, this will be resolved by Friday
evening and we can resume distribution of the report as usual. I'm sorry for
any inconvenience this causes.
Thanks,
Kate
|
{
"pile_set_name": "Enron Emails"
}
|
Okay..here we go again....hopefully for the last time.
Dan - attached is GRE's comments to the August 7th Transaction Agreement.
I've redlined the changes for your convenience. They look okay to me.
There is, however, one additional change that is not included. Essentially,
GRE would like to be able to increase the DCQ and have such increase roll
into the Inside FERC FOM pricing so long as proper notice to ENA is provided
and the increase is consistent across the month. GRE drafted some language
which conceptually is okay; however, it is poorly worded. GRE is also
suggesting we place it in the section identified as OTHER:. I really think
it should be under Contract Price or Daily Contract Quantity. Could you
please wordsmith this business point and place it where you deem
appropriate. I'll walk up GRE's fax'd language.
Thanks for all the help (and patience).
chris
x31666
|
{
"pile_set_name": "Enron Emails"
}
|
As we discussed on the phone, Mike Garred with CES is requesting a copy of
the CES demand charge sheet. Please let me know if you approve.
|
{
"pile_set_name": "Enron Emails"
}
|
did you talk to max? what night should we go out? if we only go out 1 night
i vote sat. if we go out both that is cool too. what time is cu/csu?
|
{
"pile_set_name": "Enron Emails"
}
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Just wanted to let you know that we got the tickets for the Reds game.
Ben
|
{
"pile_set_name": "Enron Emails"
}
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Sara: attached is the memo that I received from Tozzini & Freire yesterday.
As you will notice, the memo addresses Gustavo's questions and corrects
certain assumptions made by him in his e-mail.
Sara Shackleton@ECT
08/24/99 02:10 PM
To: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Brazilian Regulations for Swaps & Prepays
Help me understand HOW MANY Tozzini memoranda exist which address financial
swaps and derivatives. I e-mailed Michael about this attachment and I think
his response was that Antonio Felix ADDED comments to the attachment. I am
not clear. I am aware of only TWO Tozzini memos : dated 12/26/97 (physical
trading of energy) and 2/20/98 (local derivatives market). Let's all start
from the same point. Thanks. Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 08/24/99 11:06
AM ---------------------------
Michael Guerriero@ENRON_DEVELOPMENT
08/20/99 07:45 AM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc: Gustavo Junqueira/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, D'Arcy
Carroll/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maria Ines
Granado/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Brazilian Regulations for Swaps & Prepays
Don Black has suggested we get you in the loop on the below issues we are
seeking answers on. We have some pending financial transactions that we would
like to work through all the Brazilian mechanics before proceeding. Your
primary contact down here for this issue will be Maria Ines Granado. Please
provide us with your comments as soon as possible so that we do not encounter
a transactional conflict.
Gustavo thank you for all your work to date we will keep you briefed to make
sure we have your input. Please follow up on the Tozzini issue we discussed
to make a final decision on their input.
Thanks
MFG
---------------------- Forwarded by Michael Guerriero/ENRON_DEVELOPMENT on
08/20/99 09:40 AM ---------------------------
Enron International
From: Gustavo Junqueira 08/17/99 06:19 PM
To: [email protected]
cc: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, D'Arcy
Carroll/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marcelo
Parodi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
Porter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maria Ines
Granado/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David S
Reinfeld/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Brazilian Regulations for Swaps & Prepays
Antonio Felix,
As Enron is finding several opportunities involving financial derivatives in
Brazil, we would like to get from Tozzini Freire Law Firm a summarized but
concise read on the "cans and cannots" of these type of transactions in
Brazil. Here is my understanding of the regulations from the memo you have
already sent to us regarding swaps and prepays as well as a list of the most
common examples of deals that Enron would be encountering in the marketplace.
I would appreciate if you could comment on what is written here and also add
further information so Enron can have some sort of menu of deals of this
nature that can be pursued. I would like to ask you to add your comment in
this same message to make the review process a little easier. Thank you
inadvance for your attention.
Swaps (Pulp & Paper, Petrochem, Power)
OTC Swaps
The Central Bank regulates swap transactions involving local financial
institutions acting either as dealers for their own account or as
intermediaries to the contracting parties. When the financial institutions
act as intermediaries, the agreements are in fact private agreements
negotiated by two non-financial companies, but become subject to the
requirements and regulations normally applicable to swaps involving financial
institutions. According to regulations currently in force, such swaps can
relate to exchange rates, interest rates, gold and price indices.
All of the swap agreements involving financial institutions must be
registered with CETIP or with another custody and clearing system authorized
by the Central Bank or the CVM (Brazilian SEC). As a matter of practice, the
agreements used by the banks that participate in the swap market do not
follow a standard form, since normally each bank has a particular sample form
with which it feels more comfortable.
Derivatives
In addition to exchange-traded derivatives and OTC swaps involving financial
institutions, there is no legal impediment, in principle, to derivatives
transactions being privately negotiated and entered into between two
interested parties. As a general rule in Brazil, as long as no specific
prohibition is found in the law, parties are free to negotiate agreements
that best suit their interests.
International Hedge
Central Bank regulations authorize that Brazilian companies enter into
transactions abroad, either in exchanges or having a financial institution as
their counterpart, to hedge against the fluctuation of interest rates,
exchange rates or commodity prices in the international markets.
Such hedge transactions must refer to payments in foreign currency scheduled
to be made by or to the Brazilian company in respect of commercial or
financial rights or obligations, or to payments in local currency arising out
of certain financial obligations subject to the variation of exchange rates
and payments relating to imports, exports or local transactions involving
commodities priced according to their valuation in foreign exchanges. The
commercial market exchange rates are applicable to foreign exchange
agreements referring to remittances of currency in connection with hedge
transactions.
When the underlying obligation/right is registered with the Central Bank, the
corresponding hedge transaction must be informed to the Central Bank within
10 days of its execution. When there is no registration with the Central
Bank, the banks executing the foreign exchange agreements relating to the
hedge transaction must verify the existence of the obligation/right being
hedged.
Examples
Commodity swap between two Brazilian companies:
As per what has been said above, there is nothing that precludes Enron Brazil
of entering into a swap with another Brazilian company regarding any
commodity traded by Enron (Pulp, Paper, Petrochem products, Power, Gas).
Enron does not need to be a financial institutions to provide swaps
transactions. On the other hand, I am not sure yet on the following points:
(1) Does such swap agreement should be registered with CETIP or any other
clearing system to be valid under Brazilian regulations? (2) What are the
taxes involved in a swap?
Commodity swap between a Brazilian company and an offshore company:
This kind of deal seems to be also available in the Brazilian market and the
only difference from example 1 would be the fact that it must be registered
with the Central Bank and it would involved transfer of foreign currency.
Commodity swap between two offshore companies but involving Brazilian exports:
I am not sure if Brazilian regulations would have anything to do with a
transaction like this one. I would assume that a Brazilian exporter would
sell to their offshore subsidiary and such subsidiary would sell to their end
customer. Enron would step in and offer a swap agreement for the offshore
subsidiary of the Brazilian company therefore Enron would not have any
involvement with Brazilian regulations because it would not be dealing with
Brazil.
Prepays (Pulp & Paper, Petrochem, Power)
The regulations currently in force governing export prepayments, especially
Central Bank of Brazil's Carta-Circular 2624, of February 14, 1996, establish
that all repayments of principal under such transactions must necessarily be
made by means of shipments of the relevant exported goods. Carta-Circular
2624 allows cash remittances abroad only in regard to payments of interest
under the facility. Therefore, it is not possible to structure a transaction
where the repayment of principal will be made only in cash or where the
borrower has the ability to choose between paying cash or exporting the goods.
A transaction that involves structuring a direct loan to the Brazilian
company where the value of the principal of which would be tied to the price
of the relevant commodity is very difficult to be approved. Under a direct
loan registered with the Central Bank the borrower may remit all due amounts
of principal and interest in accordance with the schedule of payments
attached to the certificate of registration. The problem with such
alternative is that, although there are no express regulations preventing it
to do so, the Central Bank will most probably not issue a prior authorization
for such type of loan, as it only normally issues authorizations for normal
loans where the principal is a fixed amount and the interest rate is either a
fixed rate or a floating rate (normally based on LIBOR or US Treasury). It
should also be noted that generally speaking all interest payments under such
an agreement are subject to withholding tax at the rate of 15% p.a.
CC 5 Account
A possible alternative way to structure a prepay would be by using a
non-registered loan with the Central Bank. Under such alternative, the funds
disbursed by Enron under the loan would be remitted to Brazil through an
international transfer of Brazilian currency, as allowed by Circular 2677 of
the Central Bank of Brazil. The international transfer of Brazilian currency
("International Transfer") is a system which uses a non-resident current
account in Brazil and the Brazilian interbank foreign exchange market to
effect remittances of funds to and from Brazil. Under such system, a lender
that wishes to disburse funds to a Brazilian borrower makes a foreign
currency deposit with a bank located outside of Brazil ("offshore bank") and
instructs the offshore bank to deliver such dollars to a Brazilian bank in
exchange for Brazilian currency. Such Brazilian currency is then deposited
in a non-resident account held by the offshore bank in Brazil and thereafter
transferred to the borrower. The repayments follow the inverse procedure,
i.e. the borrower deposits the amount in a non-resident account of an
offshore bank and instructs it to exchange the funds into foreign currency
and deliver them to the lender abroad.
The main differences between the registered loans and the non-registered
loans are that the non-registered loans are not subject to prior approval by
the Central Bank of Brazil (and therefore not subject to scrutiny as to their
minimum tenors and applicable interest rates) and the applicable foreign
exchange rate to non-registered loans is the floating rate (as opposed to the
commercial rate of exchange). All transfers of funds to Brazil as
International Transfers are subject to a Financial Transactions Tax ("IOF")
at the rate of 2% on the amount transferred, plus a bank fee that normally
ranges from 0.4% to 0.6% of such amount. Any interest payments under a
non-registered loan are subject to withholding tax at the rate of 15% (or 25%
if the lender is located in a tax-haven jurisdiction).
I don't think this type of transaction is the best way to circumvent some of
the Brazilian regulations regarding prepayment given the bad press that deals
via the CC 5 Account mechanism would bring to Enron but I have it addressed
just in case someone does not share the same opinion.
Examples
Financial prepay between two Brazilian companies
Not allowed unless the company providing the prepay qualifies as a financial
institution as per Brazilian law. Since it will not be the case in Enron's
cases, we should not focus in these kind of transactions.
Financial prepay between a Brazilian company and an offshore company
As it has been mentioned before it is allowed as long as Enron can structure
the prepay in way where there is a pre-established amortization schedule for
principal and interest. It is very hard to structure a prepay with specific
split between principal and interest because the objective of the prepay is
to lock on a certain volume of a product and not on a specific price.
Therefore, if Enron prepays for a specific product on a floating basis the
attached value of that commodity can go up or down as the market fluctuates
as well as the total value associate to the deal. Such value can be either
principal or interest and it is impossible to determine what it will be.
Financial prepay between two offshore companies but one being a subsidiary of
a Brazilian entity
I think there is no restrictions in this case given the whole deal will be
closed offshore and the Brazilian authorities are not going to be involved.
It will most likely be a deal involving three parties: a company in Brazil,
its offshore subsidiary and Enron.
Physical prepay between two Brazilian companies
No restrictions.
Physical prepay between a Brazilian company and an offshore company
No restrictions as long as there is physical deliveries.
Physical prepay between two offshore companies but involving Brazilian
exports
No restrictions. It would also involve three parties: a company in Brazil,
its offshore subsidiary and Enron.
Thanks,
Gustavo
|
{
"pile_set_name": "Enron Emails"
}
|
Group,
The EES Summary Sheet is in P/Realtime/EES/Month01/Date. A new copy of this
sheet must be made every day. This summary sheet MUST be sent to Neil Bresnan
at EES each morning. Going forward, copy me when you send this to Neil
Bresnan. Maintaining and sending this sheet is the duty of the team member
running EPE.
Bill
|
{
"pile_set_name": "Enron Emails"
}
|
NOW PLAYING IN A THEATER NEAR YOU!!!
- grinch.jpg
|
{
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}
|
Attached are clean and redlined versions of revised drafts of (i) the
Letter Agreement between ENA and Sweetgum Energy LP relating to CA
Energy Development I, LLC and the GE generator set, and (ii) the Letter
Agreement between ENA and Sweetgum Energy LP relating to the ABB
transformer. The Letter Agreement between ENA and Sweetgum Energy LP
relating to CA Energy Development II, LLC and the GE generator set will
be in the same form as item (i) above with changes to reflect the proper
LLC.
To expedite matters, these revised drafts are being sent to you before
review by InterGen with the understanding that InterGen may have
additional changes and comments.
In addition to changes necessitated by the substitution of Sweetgum for
Tejas, the letter agreements have been revised to reflect the following
requirements of InterGen:
(i) The parent guaranty on behalf of Sweetgum Energy LP has been
deleted;
(ii) A mutual covenant requiring the Parties to use all reasonable
efforts to satisfy the conditions precedent as been added to the end of
Section 3; and
(iii) A no shop clause on the part of ENA and its affiliates has been
added as a new Section 17.
The reference to the TRY Ventures International agreement was deleted
from the letter agreement relating to the ABB transformer since it is my
understanding that the ABB transformer was not covered by Coral's
agreement with TRY. ENA would nevertheless be protected by the general
language of the clause.
Although InterGen is still reviewing these documents for tax and other
concerns, for now the only contemplated changes to the LLC Agreements
and the GE and ABB acknowledgement letters are those needed to reflect
the substitution of Sweetgum for Tejas.
InterGen is still reviewing the Facility Agreement and exhibits
thereto.
I have passed on ENA's suggestion regarding the extension of the
closing date, but have not yet had a response from InterGen.
Doug Pedigo will be tied up tomorrow morning, but Doug and I are
available after lunch for a telephone conference to discuss any comments
you have on the closing.
George
- Redline.rtf
- Houston_.DOC
- 5wtmqRED.DOC
- 5wtmq02_.DOC
|
{
"pile_set_name": "Enron Emails"
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|
Bob, I'm able to open the document. Here it is again. Do you need me to
save it as word 95?
<<RFB-Gas 000817.doc>>
Keoni Almeida
California Independent System Operator
phone: 916/608-7053
pager: 916/814-7352
alpha page: [email protected]
e-mail: <mailto:[email protected]>
> -----Original Message-----
> From: Le Vine, Debi
> Sent: Thursday, August 17, 2000 6:29 PM
> To: ISO Market Participants
> Subject: Request for Bids - Contract for Generation Under Gas
> Curtailment Conditions
>
> Attached is a Request for Bids to supply the California ISO with
> Generation under Gas Curtailment Conditions in the Los Angeles Basin for
> the winter of 2000-2001. Responses to the RFB are due by 5:00 p.m. on
> September 16, 2000. Any questions regarding the RFB should be directed to
> Brian Theaker at [email protected] or (916) 608-5804.
>
> <<RFB-Gas 000817.doc>>
>
> Debi Le Vine
> Director of Contracts & Compliance
- RFB-Gas 000817.doc
- RFB-Gas 000817.doc
|
{
"pile_set_name": "Enron Emails"
}
|
Greetings:
Any chance of changing my lesson from tomorrow to this Friday (preferably about lunchtime)? Let me know. If you're all booked for Friday, I'm likely going to have to skip this week. Let me know. Hope all is well.
Best,
Jeff
|
{
"pile_set_name": "Enron Emails"
}
|
Step # 1 has been completed.
Sherlyn, verify step # 2 tomorrow and call me when completed.
Jackie, verify the nom on Oct 4 & 5. It appears there is still a volume for
meter 6892 until Oct 6.
If there are any questions or issues, contact me at 37649. I am the contact
person while Clem is out (through Friday).
HC
---------------------- Forwarded by Howard B Camp/HOU/ECT on 10/04/2000 01:01
PM ---------------------------
Romeo D'Souza
10/04/2000 12:40 PM
To: Clem Cernosek/HOU/ECT@ECT
cc: Michael Eiben/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT
Subject: Re: Tetco/HPL (Enerfin) Meter #986892
Clem,
I have completed setting the confirm = 0 for 986892 and reallocated
all the days. They are all zero now, however 10/4/2000 and 10/5/2000
still have a non-zero BAV, these should get set to 0 by 10/6. Since
allocation will not allocate these days till 10/6 gas date.
r.d
Clem Cernosek
10/03/2000 05:19 PM
To: Donna Consemiu/HOU/ECT@ECT, Romeo D'Souza/HOU/ECT@ECT, Sherlyn
Schumack/HOU/ECT@ECT, Jackie Young/HOU/ECT@ECT
cc: Michael Eiben/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON, Daren J Farmer/HOU/ECT@ECT, Gary A
Hanks/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT
Subject: Tetco/HPL (Enerfin) Meter #986892
Step I.
Romeo: Please do Step 1 today, 10/4/00.
1. Please change the confirmed noms to zero for all contracts that have be
nominated for period 1/1/00 thru 10/31/00 for the above meter.
2. Change the allocation method to "Not Allocatable" effective 1/1/99.
3. Please reallocate the meter for period 1/1/99 thru 10/31/00.
4. Call me after the above tasks have been completed.
Step II.
Sherlyn: Please check the following tommorrow, 10/5/00.
1 Verify with Settlements that the zero BAV adjustment were received for
all Contract Activities at Meter 986892 for period 1/1/99 thru 9/30/00.
2. After verification is complete, please call me.
Step III.
Donna: I will call you tomorrow, 10/5/00 to inform when you can make the
following changes:
1. Change the meter # and DRN # at Facility # 501026. This facility should
be Trade and Nom "YES".
2. Change the meter # and DRN # at Facility # 515136. This facility should
be Trade and Nom "No".
3. After completion, please call me as well as Romeo (x-34544).
Step IV.
Romeo: Upon receiving a call from Donna:
1. Please make the appropriate changes or corrections in POPs System for the
Facility Changes made by Global Facilities Dept. My understanding is that
these changes can not be done automatically.
2. Upon completion, please call me.
Step V.
Jackie:
1. Tomorrow, 10/05 /00, after I am informed that Romeo has made his changes,
I will let you know and you may begin scheduling Meter #0980439 which is the
meter replacing #0986892.
2. After completion, please let me know.
********
Gary:
This could create some problems for Gas Control, because all confirmed
volumes will be zeroed including October, 2000 activities at meter 986892
today (10/4/00). This should correct itself within 24 thru 48 hours at
meter #980439.
Daren:
This could also create some issues for you, but remember, these issues should
clear within 24 to 48 hours.
Victor:
This is just for your information, since this should not create and changes
for you.
IF ANYONE HAS ANY QUESTIONS, PLEASE FEEL FREE TO CALL ME AT X-3665O.
THANKS, CLEM
|
{
"pile_set_name": "Enron Emails"
}
|
Tricia Schultz
360 Interlocken Blvd. 300
Broomfield, CO 80021
[email protected]
To Mr. Ken Lay,
I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills. Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.
Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out. And Enron made an astronomical profit during the California energy crisis last year. As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.
The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it. Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.
Sincerely,
Tricia Schultz
|
{
"pile_set_name": "Enron Emails"
}
|
John,
I still have not received written confirmation that the gas being supplied to the Trust is 100% West Virginia Production. You have assured me verbally that such is the case. However, I am sure that you understand that it is not the least bit unreasonable to have such a certification in writing. I need such a written certification ASAP since Mountaineer/Allegheny needs proof in order to provide the WV transportation rate.
Please fax me such a certification today if at all possible. If that is not possible, please send me an email stating that such a certification will be signed in the next day or two.
I am attaching the memo that I faxed and emailed to you about a week ago that I thought would facilitate getting the certification ASAP.
Thanks very much and regards,
Dick Bryan
- JH011109.wpd
- JH011109.doc
|
{
"pile_set_name": "Enron Emails"
}
|
Per David Matney's request, I have attached an electronic version of the
Letter of Intent for the Joint Development of a Natural Gas Pipeline (The
"TransPecos Project").
<<TRANSPECOS PROJECT_7-01.doc>>
Rosina Christensen
Administrative Coordinator
Business Development-Houston
Kinder Morgan , Inc.
Direct Line # (713) 369-9217 Fax # (713) 369-9365
[email protected]
<mailto:[email protected]>
|
{
"pile_set_name": "Enron Emails"
}
|
You have a sense that the Alan departure was coming? Too bad. Nice, very capable guy.
Best,
Jeff
|
{
"pile_set_name": "Enron Emails"
}
|
Steve,
Attached is a list of the Hub Deals we have currently in the system. I tried
to reconcile them to the sheet you sent me but could not. Please take a look
at these and give me a call. Thanks.
DG
713-853-9573
Steve Richman@ENRON
09/06/2000 03:45 PM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Park and Loan sheet 2nd try
---------------------- Forwarded by Steve Richman/Corp/Enron on 09/06/2000
03:45 PM ---------------------------
Steve Richman
09/06/2000 03:41 PM
To: [email protected]
cc:
Subject: Park and Loan sheet
Darin, this is a summary of the Park and Loan deals that you should have. I
will need to talk to you regarding the Exchange deals that are included on
the summary of expected revenues. The only exchange that should be recorded
under enovate should be the enron exchange for $5,000. In that exchange PGL
Hub received molecules in June and returned them in July, ratable. Other than
that, if you have any questions call me at 312-541-1233.
Thanks-Steve Richman
|
{
"pile_set_name": "Enron Emails"
}
|
Are you here next week then because I am due to be away for some of that time ?
-----Original Message-----
From: White, Stacey W.
Sent: 25 October 2001 17:47
To: New, James
Subject: UK & Continental Power Doorstep
James,
Just a quick note and request regarding our UK & Continental Power Doorstep review we will be performing. Please provide a list of books, curves and deal types used for UK & Continental Power. In addition, please send information on any large, structured, out of the norm transactions and any transactions that are calculated outside of the core trading system.
Please provide this information early next week. Look forward to seeing you.
Stacey
|
{
"pile_set_name": "Enron Emails"
}
|
Aleck:
I'll take a look at it. If I have any comments, I'll forward them along.
Also, I may forward along some very slight changes to the numbers on the
ISO's RFP "experience," should you decide you want to incorporate those
"lessons" into your presentation. I'll provide any amendments to those
numbers by tomorrow.
Best,
Jeff
|
{
"pile_set_name": "Enron Emails"
}
|
You asked me to look into this (the Ford sponsorship thing).
I think they will be unlikely to deliver on the benefits promised by M3 Management (their marketing consultant) and will add little value to our dealmaking opportunities with Ford.
I will pass the info. along to EES to see if they have any interest in paying the $7 million for general advertising exposure.
Dave
|
{
"pile_set_name": "Enron Emails"
}
|
This is okay, but please have them sign the confirm for the 1 year term deal.
Richard Deming@ENRON
05/01/2001 10:06 AM
To: Dan J Hyvl/HOU/ECT@ECT
cc:
Subject: Sevier County Utility District of Sevier County, Tennessee
Dan,
Please find below details of Phy Gas deals with GTC agreements:
Deal Date: 4/12/01
Deal No: V34696 / 730279
Buyer: Sevier County Utility District of Sevier County, Tennessee
Seller: ENA
Start Date: 9/01/01
End Date: 8/31/02
Firm
Volume: 40,000 / month
Price: TENN. SLA.IF.M.I. minus 0.15500 or Floor Rate: US 3.50000
Delivery Point: Tennessee Gas Pipeline Co. - Zone L 800 LN
Please let me know if you need any more details.
Thanks,
Richard
x54886
|
{
"pile_set_name": "Enron Emails"
}
|
Thanks
Vince
Shirley Crenshaw
04/11/2000 12:08 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: ANTHONY HAS A NEW BABY BOY!!!
I sent a basket of flowers to Anthony, Mama and the new baby.
Signed:
Congratulations!
"Vince Kaminski and the Research Group"
|
{
"pile_set_name": "Enron Emails"
}
|
Dear Team,
THERE WILL BE NO PPW THIS WEEK! IF YOU HAVE ANY QUESTIONS, PLEASE LET ME KNOW!
Thanks,
Stacey
Stacey L. Wales
Stacey Wales
Origination Transaction Support
Enron Industrial Markets
713-345-7186
|
{
"pile_set_name": "Enron Emails"
}
|
Kim why don't you come in early (that Thurs. night Friday) I am usually better at getting out of work early at the end of the week! Let me know if that works!
Looking forward to it!
Hope you are doing well!
MJ
PS - The wine tasting was fun but more work than I expected :)
Mary Jo Ellen
SCF Advisors, Inc.
870 Market Street, Ste. 1210
San Francisco, CA 94102
T: 415-955-8904
F: 415-955-8905
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material. If you are not the intended recipient
of this message you are hereby notified that any use, review,
retransmission, dissemination, distribution, reproduction or any
action taken in reliance upon this message is prohibited. If you
received this in error, please contact the sender and delete the
material from any computer. Any views expressed in this message
are those of the individual sender and may not necessarily reflect
the views of the company.
|
{
"pile_set_name": "Enron Emails"
}
|
I approve. Is there anything I need to do?
|
{
"pile_set_name": "Enron Emails"
}
|
Please see attached memo. Legal risk assessment memo to follow.
Anne C. Koehler
Sr. Counsel, ENA
EB 3832
713-853-3448
|
{
"pile_set_name": "Enron Emails"
}
|
At Lorraine's request, I've taken a first crack at a shipper "out" provision to have ready in case needed in our negotiations. Please provide your comments asap. Thanks...............Tony
|
{
"pile_set_name": "Enron Emails"
}
|
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 09/30/99 09:04
AM ---------------------------
Brian Swinford@ENRON_DEVELOPMENT
09/30/99 08:26 AM
To: Sara Shackleton@ECT
cc:
Subject: ISDA
Sara,
Bruce Harris gave me you name as a contact for getting a copy of Enron's
approved ISDA documentation. I am looking a helping our 50% owned
subsidiary, CIESA do an interest rate swap to fix rates on its $220MM
floating rate note agreement. The existing swap which was done in 1997 runs
off on 10/22/99. The tax department here at Enron (South America) have asked
me to let them review any swap documentation we plan on entering into
beforehand so they can look at any tax issues (i.e., tax law changes that may
have occured since the last swap was done).
I am not sure what documentation was used the last time around - I have asked
the financial folks at TGS which manages the CIESA FRN on behalf of Enron and
Perez Companc to send me a copy of whatever documentation was used before as
a starting place but haven't heard back from them. Do you happen to have any
information on the previous swap?
I am on my way to Dallas for the day. I will give you a call tomorrow to
check in. Thanks.
BRS
|
{
"pile_set_name": "Enron Emails"
}
|
______________________________________
jcrew.com
______________________________________
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the outfit's up to you.
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the latest - we show you the outfits. you pick what you like.
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Unsubscribe: To be removed from the jcrew.com
mailing list, please go to
http://click.jcrew.com/cgi-bin8/flo?y=eFrD0Sgo10B3I0IMh0An&[email protected]
|
{
"pile_set_name": "Enron Emails"
}
|
Sheila,
No, we have to go through the posting phase first.
I shall ask Shirley to provide the job description.
Vince
From: Sheila Walton 08/04/2000 02:44 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Norma Villarreal/HOU/ECT@ECT
Subject: Re: Anita DuPont Resume
Vince, Alice has strong qualities for a Sr Admin Asst. Vince, have we posted
this position on the job posting board? If so, great. If not, we need to
post this opening to prove that we have given an opportunity to all existing
Enron employees before we go outside to external candidates. Otherwise,
existing employees have a valid complaint that we are limiting their
advancement within Enron but hiring externally. If we have not posted this,
I will have the recruiter contact Shirley so Shirley can give us a job
description. Then we can post and interview Anita simultaneously. Please
let me know ASAP if this has been posted. Thanks.
Sheila Walton
Vince J Kaminski
08/02/2000 08:48 AM
To: Sheila Walton/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Anita DuPont Resume
Sheila,
I would like to hire Anita DuPont as a senior admin assistant, reporting
to Shirley.
Please, call me about it after you review the resume.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/02/2000
08:52 AM ---------------------------
Anita DuPont@ENRON
08/02/2000 08:17 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Anita DuPont Resume
Vince:
Here is the resume you requested. Thanks. Anita
|
{
"pile_set_name": "Enron Emails"
}
|
Please note,
The staff meeting scheduled for today will now take place at noon, in EB 3259 and not 4PM. Please adjust your schedules.
Thank you,
Irena Hogan
(713) 853-6143
|
{
"pile_set_name": "Enron Emails"
}
|
Maureen, please schedule some time on my calendar for Littlechild.
----- Forwarded by Steven J Kean/NA/Enron on 04/02/2001 07:37 AM -----
Richard Shapiro@ENRON
04/02/2001 01:17 AM
To: Mark Schroeder/LON/ECT@ECT
cc: Steven J Kean/NA/Enron@Enron@ECT, James D Steffes/NA/Enron@Enron@ECT,
Ginger Dernehl/NA/Enron
Subject: Re: good luck and Houston
I will try to make the time. Thanks.
Mark Schroeder@ECT
03/31/2001 07:16 AM
To: Steven J Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron
cc:
Subject: good luck and Houston
Can any of you meet with Professor Littlechild on 23 April. He has a small
consulting services contract with me, to write on liberalisation of energy
markets. his current work is devoted to, among other thins, debunking
Joskow, et al., on the argument that most of the benefits of liberalisation
are cpatureed at the wholesale level, and he argues that a
working/funcitoning retail market, and corresponding contracts market for
risk management, is paramount to ultimate success (very Enron). He comes
across very much as an academic (Jeff Dasovich heard him speak on this
subject in San Francisco, and he has spoken in Tokyo), and very Staid
British, but he was electricity regulator in UK for 9 years, and is
indisputably a top academic, so he carries some status when he speaks. i
would hope that all 3 of you could make some time with him, and any toerhs
you could think of. Your response/thoughts? thanks mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 31/03/2001
14:16 ---------------------------
"Stephen Littlechild" <[email protected]> on 30/03/2001
17:40:00
To: "Mark Schroeder" <[email protected]>
cc:
Subject: good luck and Houston
Dear Mark
?
I was just talking to Kyran, who mentioned your impending move back to
Houston. I shall be disappointed to see you go, but congratulate you and
wish you well.? Two things.
1. Any further thoughts on the work we began to talk about,and envisaged in
the contract? Or shall I wait to hear from your successor?
2. We spoke some time ago about a possible visit to Houston. I shall be in
DC on Friday 20 April and Austin on weekend of 21/22 April. I thought of
visiting on Monday 23 April if that would be convenient and if relevant
people would be available. My main interest would be Enron thinking on US
developments such as retail, California, trading, Pools versus bilateral
markets, capacity auctions etc. Also Enron global strategy in other
countries.
?
I gather you're off on holiday now. Enjoy the last dose of British weather -
if you
can.
?
Best wishes
Stephen
|
{
"pile_set_name": "Enron Emails"
}
|
wanna bring me back to work?
Matthew Arnold
03/19/2001 03:25 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
halleleujah. want to bring it by later?
John Arnold
03/19/2001 03:23 PM
To: Matthew Arnold/HOU/ECT@ECT
cc:
Subject:
you'll be happy to know i get my car back today
|
{
"pile_set_name": "Enron Emails"
}
|
---------------------- Forwarded by Judy Hernandez/HOU/ECT on 02/03/2000
11:29 AM ---------------------------
Judy Hernandez on 02/03/2000 11:24:24 AM
To: [email protected]
cc:
Subject: FW: FW: For all my women friends(
---------------------- Forwarded by Judy Hernandez/HOU/ECT on 02/03/2000
11:23 AM ---------------------------
From: Andrea R Guillen 01/19/2000 11:08 AM
Sent by: Andrea R Guillen
To: Maria Sandoval/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Elizabeth
Soto/HOU/ECT@ECT, Cecilia Olvera/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT,
Pamela Sonnier/HOU/ECT@ECT, Phenicia Olivier/HOU/ECT@ECT, Rosa
Jaramillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kori Loibl/HOU/ECT@ECT,
Cassandra S Dutton/HOU/ECT@ECT, Hannah Ortiz/HOU/ECT@ECT, Chantelle
Villanueva/HOU/ECT@ECT, Alisha Guerrero/HOU/ECT@ECT, Judy
Hernandez/HOU/ECT@ECT, [email protected]
cc:
Subject: FW: FW: For all my women friends(
---------------------- Forwarded by Andrea R Guillen/HOU/ECT on 01/19/2000
11:06 AM ---------------------------
Margaret Smith <[email protected]> on 01/19/2000 10:40:58 AM
To: "'Adam'" <[email protected]>, Andrea R Guillen/HOU/ECT@ECT, "'Bill'"
<[email protected]>, "'Charlene'" <[email protected]>, "'David C'"
<[email protected]>, "'Doug'" <[email protected]>, "'Glenn'"
<[email protected]>, "'Gloria'" <[email protected]>, "'Imo Gene'"
<[email protected]>, "'Laura'" <[email protected]>, "'Lisa'"
<[email protected]>, "'Mykel'" <[email protected]>, "'Olivia'"
<[email protected]>, "'Paula'" <[email protected]>, "'Ruth'"
<[email protected]>, "'Stephani'" <[email protected]>, April Leger
<[email protected]>, Dianna Bailey
<[email protected]>, Dayna Dryden
<[email protected]>, Janet Price
<[email protected]>, Beth Friend
<[email protected]>, Velma Birks
<[email protected]>, Vickie Tonn
<[email protected]>
cc:
Subject: FW: FW: For all my women friends(
> >> From a woman who works in a police department:
> >>
> >>
> >> I have to share some things I have learned in my job
> >> with you.
> >>
> >> In my job, I review criminal and psychiatric files of
> >> imprisoned sex offenders who are approaching their
> >> release date. I decide if they are likely to re-offend
> >> based on certain criteria and then civilly commit them
> >> to a sex offender treatment facility if I decide that
> >> they are at significant risk to re-offend
> >>
> >> I have read hundreds and hundreds of files, and have
> >> taken note of some of the mistakes women make. Let me
> >> preface this by saying that a woman is NEVER EVER EVER
> >> at fault for being raped or attacked, but there are
> >> definitely ways to reduce your risk of being a victim.
> >>
> >> Here are the most common mistakes women make that
> >> could result in them getting kidnapped, attacked,
> >> and/or raped:
> >>
> >> 1. Getting into the attacker's car when he pulls a
> >> gun and orders you to get into his vehicle.
> >>
> >> Most attackers don't want to shoot you ... they want
> >> you to get into the car so that they can drive you to
> >> a deserted place and torture you. Don't comply. Run
> >> screaming. It is MUCH more likely than not that he
> >> will just move on to an easier target.
> >>
> >> 2. Pulling over when a man drives alongside of you
> >> pointing at your car pretending something is wrong.
> >>
> >> If this happens, drive to the nearest well-lit and
> >> populated gas station and look the car over yourself
> >> (or ask an attendant). Never pull over. Believe it
> >> or not, many women have fallen for this for fear of
> >> their car spontaneously exploding in the middle of the
> >> road. Not likely.
> >>
> >> 3. Not locking your doors while driving.
> >>
> >> I have read several cases where the attacker simply
> >> walks up to a woman's car while she's at a traffic
> >> light and jumps in with his gun or knife drawn.
> >>
> >> 4. Opening your front door when you have not
> >> positively identified who is there.
> >>
> >> If you don't have a peep hole, get one. I've seen
> >> countless cases where the attacker gains access to his
> >> victims simply by knocking on their door.
> >>
> >> Don't let an attacker get into your home. He then has
> >> a private, relatively soundproof place to attack you.
> >>
> >> 5. Not being alert in parking lots.
> >>
> >> If you go to the grocery store at night, don't be shy
> >> about asking for an escort to your car. Too many
> >> women are abducted from parking lots or even raped in
> >> the parking lot.
> >>
> >> Look in your back seat before entering your car. Cars
> >> provide endless hiding places for attackers, both
> >> inside them and in between them.
> >>
> >> Be aware of your surroundings by looking to the left
> >> and right and behind you with your head up all the
> >> time. You may appear paranoid and look funny to
> >> others, but an attacker will think twice about
> >> approaching someone who appears so aware of what's
> >> going on.
> >>
> >> 6. Trusting a clean cut, honest looking stranger.
> >>
> >> I see mug shots of every sex offender in the state of
> >> Florida. They do not look like monsters. They often
> >> look like they could be your friendly grocer, bank
> >> teller, waiter, neighbor, clergy, doctor, etc. They
> >> are every age between 15 and 90, and probably beyond.
> >> Only a small minority actually look scary.
> >>
> >> I just read a case yesterday of a man with only one
> >> leg who beat up his victim with his crutch before he
> >> raped her. Who would have ever thought that a
> >> one-legged man could be a rapist?
> >>
> >> 7. Trusting people to be alone with your children.
> >>
> >> This is a difficult one, because child molesters end
> >> up being the LAST person the parents would believe is
> >> the molester.
> >>
> >> Most of the child molesting cases I see involve the
> >> stepfather, the uncle, the sister's boyfriend, the
> >> mother's boyfriend, the grandfather, the baby-sitter,
> >> the neighbor, the family friend, the youth camp
> >> director, day care worker, etc. Although rare, even
> >> women can be molesters.
> >>
> >> In every case, the perpetrator is a nice guy,
> >> trusting, good with children, and the family is
> >> baffled or even in disbelief that the person could be
> >> abusing their child.
> >>
> >> When it comes to your children and grandchildren, be
> >> suspicious of everyone, no matter who they are. And
> >> pay attention to what your child says and how he/she
> >> reacts to the mention of different people in their
> >> lives.
> >>
> >> I didn't mean to make anyone uncomfortable with this,
> >> but I am at work right now reviewing files, and
> >> realized that this email is a way I can reach many
> >> women at one time. I have the dirty job of reading
> >> all these files, and it makes me feel good to know
> >> that I can share some inferences from what I have
> >> learned. This is not an exhaustive list of what not
> >> to do, but just some things that I have observed more
> >> than just a few times.
> >>
> >> Pass this on to the women in your lives
> >
> >
> >
> >
> >
> >
> >
> >
|
{
"pile_set_name": "Enron Emails"
}
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/06/2001
05:23 PM ---------------------------
[email protected] on 03/06/2001 05:22:34 PM
To: [email protected], [email protected]
cc:
Subject: bilety
Wicku,
najtansze bilety $450 on internet do/z ?SJ:
IAH 2:35pm ??SJC 4:49pm Cont.#593 ??Sat. March 24
SJC 3:05pm ??IAH 8:56 pm Cont. # 1574 ?Wed. March 28
Wiec chyba to musisz zamowic, albo wykorzystac punkty i przyleciec do SFO,
wiecej lotow
|
{
"pile_set_name": "Enron Emails"
}
|
Drew,
At one point, we had mentioned the idea of having services agreements among
Corp. and the various business units that are using shared services. I think
that these agreements should be put into place sooner rather than later as we
begin to move towards shared services across the organization.
Let me know if you would like me to prepare the drafts of these agreements or
revise agreements that currently are in existence (if there are none, then we
really need to put some in place).
Thanks.
Michelle
|
{
"pile_set_name": "Enron Emails"
}
|
One of your friends sent this email through our website.
Friend's name: Coco Betancourt
Friend's IP address: 12.25.215.25
Date and Time: 12/4/00 10:41:45 AM EST
See the bottom of this message to report abuse.
Hi,
Coco Betancourt would like you to see this Web page:
http://www.daily-blessings.com/ch1p.htm
an invitation
================================================
Coco Betancourt also included this note:
Hi Barb and Judy. Even though this is kinda Chrismasy, the message is very
Christian and nice. I liked it, hope you like it too!
Love, Coco
================================================
Win a Billion Dollars!
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***IMPORTANT NOTE***
This is a free service provided by MailBits.com.
Compared to regular email, this is a better way to
recommend a website to your friends. That's because
information about the sender of the message is included
to prevent and catch abuse of the system.
To report abuse of this service: [email protected]
|
{
"pile_set_name": "Enron Emails"
}
|
Habiba,
Looks good to me. Pleasure to work with you.
Vince
Habiba Bayi@ENRON_DEVELOPMENT
04/03/2000 06:23 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Contract Agreement
Hi,
Attached is the draft copy of the agreement for your review. I will call
Lacima in London in the morning to fill in the gaps for the name of the book,
the date they intend to publish it and the name of the person who will sign
on their behalf. As soon as I get your comments back, I will send the copy
to David, our attorney, and copy you as well.
Thank you.
Habiba
|
{
"pile_set_name": "Enron Emails"
}
|
Physical Bandwidth Delivery Varies Among Market-Makers
Dow Jones Energy Service, 04/12/01
USA: UPDATE 1-U.S. must embrace energy efficiency-report.
Reuters English News Service, 04/12/01
Panel recommends renegotiating pact with Enron
Associated Press Newswires, 04/12/01
USA: Persistent problems chinking Enron's armor.
Reuters English News Service, 04/12/01
USA: Enron says Morgan Point, Tx. MTBE plant has restarted.
Reuters English News Service, 04/12/01
RUSSIA WATCH: Putin Takes Well-Timed Shot At Gazprom
Dow Jones International News, 04/12/01
USA: U.S. must embrace energy efficiency-report.
Reuters English News Service, 04/12/01
INDIA: India state committee suggests Enron re-negotiation.
Reuters English News Service, 04/12/01
Indian Panel Submits Report On Enron Power Dispute
Dow Jones International News, 04/12/01
Indian Panel Proposes Enron, Maharashtra Redo Pact (Update1)
Bloomberg, 04/12/01
Physical Bandwidth Delivery Varies Among Market-Makers
By Erwin Seba
Of DOW JONES NEWSWIRES
04/12/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
HOUSTON -(Dow Jones)- Two market-makers in the nascent bandwidth trading
arena describe widely divergent levels of physical delivery to their
customers.
While Enron Corp. (ENE) said almost all of its trades go to physical
delivery, an executive with Aquila Broadband Services, a unit of Utilicorp
United Inc. (UCU), said only 10% of its deals go to physical delivery.
The question of physical delivery is important because analysts and
especially carriers question the accuracy of prices in the bandwidth market.
While none of the critics want to be quoted, they alleged that the bandwidth
market consists only of companies like Enron and Aquila swapping capacity
among themselves, then settling their deals financially without delivering
bandwidth.
Though trading companies disagree on the number of deals going to physical
delivery, they all describe huge growth in the number of transactions they
have done in the first three months of this year.
"In the first quarter of this year, we've well surpassed the number of trades
we did in all of last year," said Shelly Mansfield, director of media
relations for Enron Broadband Services, a unit of Enron. Enron did 321 trades
last year.
Aquila Broadband Services told Dow Jones Newswires that the number of trades
it did in the first quarter this year was more than triple the number it did
all of last year.
In the first quarter, Aquila did 150 to 200 trades, said Sushil Nelson,
senior vice president and general manager. The company did fewer than 50
trades in all of last year.
About 10% of last year's trades required physical delivery of bandwidth,
Nelson said. Only trades done last year would gone to physical delivery in
the first quarter of this year, he said. He expects a lower percentage of
this year's trades to go to physical delivery.
"Right now the bandwidth market is akin to a futures market," Nelson said.
"It's acting like a futures market in that it is pointing where the price
should be."
Market Physical, Not Financial, Enron Says
In contrast, Enron's Mansfield said most of its trades require physical
delivery.
"There isn't a financial market in bandwidth," she said. "There's no index
that can be settled against. Almost all go to delivery. We're definitely in a
physical market."
Aquila traded with 11 counterparties last year and five were other
bandwidth-trading companies, Nelson said. It also traded with three major
carriers and three local loop providers.
In contrast, Enron said that last year it traded with 45 counterparties - 35%
of them U.S. carriers and 33% network service providers. The rest were
marketers, resellers or international companies.
Mansfield declined to provide the number of trades Enron did in the first
three months of this year. The company would give more information next week
when it releases quarterly earnings and performance statistics, she said.
El Paso Corp.'s (EPG) Global Networks declined to say how many of its trades
required physical delivery. A spokesman did say the number of route miles it
has traded in the first quarter tripled over the fourth quarter.
A Williams Communications Group (WCG) spokeswoman would say only that
bandwidth trading is profitable for the company.
Other bandwidth-trading companies were unable to provide information in time
for this report.
-By Erwin Seba, Dow Jones Newswires, 713-547-9214 [email protected]
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: UPDATE 1-U.S. must embrace energy efficiency-report.
By Matthew Robinson
04/12/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, April 12 (Reuters) - The United States must adopt new conservation
measures such as improved vehicle fuel efficiency if it is to ease its energy
supply woes, a new report from an independent task force said on Thursday.
The Bush administration's plan to increase domestic energy supplies is not
enough to tackle a squeeze that has sent gasoline and heating oil costs
soaring and pushed California's power system to the brink of collapse, the
task force organized by the the Council on Foreign Relations (CFR) and the
Baker Institute of Rice University said.
"You can't have a supply side response without also taking into account a
demand side effort, as well as environmental concerns. A compromise will
result not in an inconsistent policy, but rather, is the only way to create a
fully consistent policy," said Edward Morse, chairman of the task force and
executive advisor of Hess Energy Trading Co.
Oil and energy firms such as Royal Dutch/Shell , Chevron , BP Amoco ,Enron ,
Dynergy and Italy's ENI contributed to the task force.
The panel released its findings as the administration's White House Energy
Policy Development Group headed by Vice President Dick Cheney prepares for
final deliberations.
"The report has been presented at the highest levels of government, including
President (George W.) Bush, Vice President Cheney, and (National Security
Adviser) Condoleeza Rice," said Morse.
Despite the Bush administrations concentration on supply side policies, Morse
said that he expects the Cheney energy report "won't look much different,"
than the report presented by the task force.
"The president has to begin educating the public about this reality and start
building a broad base of popular support for the hard policy choices ahead,"
the report says.
U.S TRAILS IN DEMAND MANAGEMENT
"Supply side issues are very important, as is debottlenecking our
infrastructure. But we have to look at demand management practices and fuel
choice - we completely ignored that for more than a decade," said Amy Myers
Jaffe, project director for the task force.
The United States currently guzzles about a quarter of the 80 million barrels
of oil products consumed each day worldwide, and according to the study lags
other industrialized nations in exercising demand-based energy policies.
The Bush administration's energy plan is currently focused on opening up more
domestic land for hydrocarbon drilling, including the currently off-limits
Arctic National Wildlife Refuge in Alaska to make the U.S. less reliant on
foreign imports.
"The United States has trailed other industrialized societies when it comes
to oil-demand management," the report says.
If light truck vehicles such as sport utility vehicles (SUVs) were required
to have the same fuel efficiency as automobiles, it would shave five percent
off U.S. demand in seven to 10 years, it said.
The federal government could also stimulate development of greener
transportation by purchasing vehicles for its fleet that incorporate nascent
technologies, it added.
Efforts toward the development of energy-efficient technologies would in turn
encourage more efficient worldwide use of oil resources in developing
countries, it said.
With China expected to add more than 150 million automobiles to its fleet
over the next 20 years, increasing the efficiencies of those vehicles would
have global implications for oil demand.
RELIANT ON IMPORTS
Over fifty percent of oil consumed in the United States is imported, and
looks to become dependent on sources outside of North America for significant
volumes of natural gas in the near future.
Growing U.S. dependence on foreign energy sources, means policy makers must
also rethink its foreign policy with an eye toward the Russia, China, and the
Middle East, including backing off some of the sanctions against major
producer Iraq which are deemed less effective, the study says.
In addition, environmental concerns such as greenhouse gas emissions are too
large and too public to be ignored in a comprehensive energy policy.
The study concludes that when it comes to energy, the American people cannot
achieve "both a painless present and a secure future".
"There is no overnight solution - there is no silver bullet," said Jaffe.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Panel recommends renegotiating pact with Enron
By RAMOLA TALWAR BADAM
Associated Press Writer
04/12/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.
BOMBAY, India (AP) - A government-appointed committee recommended
renegotiating a power supply agreement with U.S. energy giant Enron Corp. to
lower prices being charged to a western Indian state.
The panel also called for reform of a state power utility that defaulted on
payments to Enron, which is based in Houston.
A five-member committee prepared the 198-page report which was placed before
legislators in the state assembly on Thursday. The committee was appointed in
February by the Maharashtra government.
The committee was examining the $2.4 billion Dhabol project in Guhagar, 210
miles south of Bombay and India's biggest foreign investment.
State government ministers have been critical of Dabhol Power Co., Enron's
Indian subsidiary, saying the power supplied by the two-year old plant as
"unaffordable."
While some demanded scrapping the project, others asked for renegotiating the
1995 power purchase agreement that covers the rate at which the company sells
electricity to Maharashtra state.
Costs have increased fourfold since 1995 for naphtha-generated electricity
from the project's 740-megawatt plant.
Enron has blamed depreciation of the rupee and the high cost of naphtha used
as fuel in the first phase for the price hike.
A second 1,444-megawatt plant is scheduled to run on liquefied natural gas
later this year.
Three separate state governments have negotiated with the company since the
mid-1990s over pricing.
The five-member committee said it was "troubled" by the "failure of
governance" in matters relating to the project.
The committee suggested that a forum comprising of the federal government,
state government, state power utility and Dabhol Power Co. be involved in
future discussion.
It said the company had shown it was open to renegotiation.
Citing high transmission and distribution losses, the panel said the
Maharashtra State Electricity Board should be reformed.
While the state power utility is currently the sole purchaser of Dabhol's
naphtha generated power, it said other buyers could be found for
LNG-generated power.
The report will be debated in the state assembly before the government takes
a decision.
Last week, Dabhol Power filed an arbitration notice on the federal government
for not paying up outstanding dues. As part of the 1995 agreement, any
dispute between Dabhol and the government can be resolved in the London Court
of Arbitration.
If committees set up by both sides cannot resolve the dispute within 60 days
in India, proceedings will begin in London.
The federal government is bound to pay electricity bills if Maharashtra state
defaults.
Enron invoked that guarantee in February, marking the first time in India's
history that a company invoked a federal guarantee, when the state utility
said it could not afford to pay Dabhol Power.
The state government finally paid $17 million in outstanding bills. Another
$48 million is still due to Enron in overdue bills.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: Persistent problems chinking Enron's armor.
By C. Bryson Hull
04/12/2001
Reuters English News Service
(C) Reuters Limited 2001.
HOUSTON, April 12 (Reuters) - The teflon around energy and trading powerhouse
Enron Corp. is starting to show some scratches, as negative events over the
past few months from India to its broadband unit, begin to take their toll,
analysts say.
Make no mistake, Wall Street still sees the Houston-based giant as the energy
convergence sector leader. Analysts polled by Thomson Financial/First Call
still believe Enron will meet its earnings per share targets of $1.75 for
2001.
But the stock has dropped to its lowest levels since late 1999, a slide which
started with news that Enron's keystone broadband content deal with
Blockbuster Inc. had fallen apart.
The stock had traded in the mid-$80s as recently as February, before the
stock market's recent collapse and a string of negative news. On Friday, it
traded at $57.45 on the New York Stock Exchange, down $1.06 cents or 1.8
percent, and well off its high of $90.56 last August.
"Their share price hasn't been bulletproof and that's what counts. They were
up pushing $90 and they're now in the $50s while the energy sector has done
quite well, so they have underperformed quite a bit and that doesn't seem
bulletproof to me," analyst Andre Meade of Commerzbank Securities said.
Meade said the price fall came as investors took the bad news out of Enron's
valuation, particularly in devaluing the broadband business.
"With broadband the market initially gave them full credit. But investors got
smart over the next year, and once you got some bad news out there, you could
argue that valuation was pulled," Meade said.
But the bad news neither starts nor ends there.
The latest negative item came Wednesday, when a California federal judge
ordered Enron to return the University of California and California State
University systems to direct power access, which Enron says will cost them
$12 million a month.
The universities' lawsuit which claimed Enron Energy Services breached their
power management contract, could cast a shadow over the Houston-based
company's power risk management arm which recently saw a huge upsurge in
business involving similar multimillion dollar deals with large corporations.
Other bad news includes broadband layoff talk, failed water company spinoff
Azurix Inc.'s impending sell-off its North American assets, the failure of
the video on demand deal with Blockbuster, word that the $2 billion sale of
utility Portland General is unlikely to go through and continuing payment
problems at the Dabhol power plant in India.
That long-running dispute in India reared its head again on Monday. Enron
confirmed it issued a notice of political force majeure to the Maharashstra
State Electricity Board (MSEB), which has consistently defaulted on payments.
Force majeure is an event beyond the control of a contractual party that
could not have been prevented.
"It's one of the steps in the process of protecting our rights. It's one
step, but it's not the only step," Enron spokesman John Ambler said.
Enron has already invoked payment guarantees from the Indian national
government, but it has refused to cover MSEB's $21.9 million December bill
until Enron and MSEB settle another dispute over a fine. The MSEB wants the
$85.8 million fine, which it levied, to cover its outstanding bills.
LAYOFFS OR REDEPLOYMENTS?
Another nettling problem for Enron is news of trouble at Enron Broadband
Services (EBS), the cutting-edge unit that encompasses a nascent bandwidth
trading operation and a broadband content services business.
Most recently, Enron has had to answer questions about a reduction in the
number of employees at EBS because of the stock market's faltering confidence
in telecoms generally.
Two weeks ago, the company characterized word of layoffs at the broadband
unit as nothing more than an internal redeployment of staff to areas that
were growing at a higher rate.
"It's word games. Initially they said they were redeploying, and that was not
the word I heard from inside the company, but that was the way they put it.
It's probably a little of both," said analyst John Olson of Houston
investment house Sanders Morris Harris.
EBS spokeswoman Kelly Kimberly on Monday said 227 employees were leaving the
broadband unit to work in other areas of the company.
"Most of them have elected to go into the redeployment pool or are already
moved into corporate or another business," Kimberly said.
Kimberly did not have an exact figure on the number who have opted to take a
severance package, but characterized it as a small percentage.
It has been a rough few weeks for EBS, which also suffered from the
Blockbuster debacle. Last month, the two announced a mutual end to a 20-year
exclusive video on-demand deal, which had been considered a cornerstone of
EBS' content services push.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: Enron says Morgan Point, Tx. MTBE plant has restarted.
04/12/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, April 12 (Reuters) - Enron Corp. said Thursday its 15,000 barrel
per day (bpd) methyl tertiary butyl ether (MTBE) plant in Morgan's Point, Tx,
has restarted from scheduled maintenance.
The plant came back up "a few days ago," an Enron spokeswoman said Thursday,
but a specific date was unavailable. The plant was brought down for a planned
turnaround on March 9.
The MTBE plant is located along the Houston Ship Channel near Baytown, and is
Enron's only MTBE plant. The company also owns a plant in La Porte, Tx. which
makes 400,000 bpd of methanol, an MTBE ingredient.
MTBE is an additive used to make the cleaner-burning gasolines required by
the U.S. Environmental Protection Agency in a third of the nation's pumps.
Current U.S. stock levels of MTBE are 22 percent lower than last year's
supply, according to data from the Department of Energy. Last year's supplies
were already considered tight by many in the industry.
- ((Soo Youn, New York Energy Desk, 212-859-1621, [email protected])).
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
RUSSIA WATCH: Putin Takes Well-Timed Shot At Gazprom
By John Ryan
Of DOW JONES NEWSWIRES
04/12/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)
MOSCOW -(Dow Jones)- Few can doubt that the former head of the KGB hears the
whispering around Moscow. But is Russian President Vladimir Putin slyly
manipulating the talk, too?
Putin won the presidency just over a year ago and, since then, Moscovites
have gossiped that he promised his predecessor, Boris Yeltsin, not to take
any steps that would embarrass him or his entourage. Putin's cautious
behavior in his first year fueled the speculation.
The one-time KGB man pounced almost exactly a year later, timing his move so
closely to that anniversary that Russia's chattering classes - which includes
most of the foreign community - heard a tacit confirmation of their
speculative endeavor and were animated into a whole new cycle of cackling.
The case is Gazprom.
Putin issued a directive Monday for officials to bring "transparency and
efficiency" to Gazprom, a company that publishes accounts audited to
international standards but stands accused by its critics of opacity and
questionable business practices.
The company is run by 65-year-old Rem Vyakhirev, a man who seems to have as
little regard for shareholders as he has for the press. Vyakhirev - Rem is an
acronym for Revolution-Engels-Marx - rejected a recent bid by minority
shareholders for an independent audit, though the law seemed clearly on the
investors' side.
He breezed into the company's New Year's party for the Moscow press corps
last year, opened festivities with a sour toast to "less lies and more truth
in the press" and was gone within minutes. The assembled journalists barely
had time to choke on their drinks.
The toast was true to form for the old gas man, as unreformed as any
institution from the Yeltsin era. If any in Yeltsin's entourage was able to
bargain for a year of untouchability, it was Vyakhirev.
It's not clear what plan Putin has for the wily Vyakhirev but transparency
and efficiency aren't likely to come naturally to a company under his
management.
The Gazprom chief's contract expires next month, and there's no word from the
presidential administration which way Putin will lean.
Reform of Gazprom could be the most welcome news the Russian share market has
heard since its 18.5% rise the day Yeltsin resigned. Gazprom's size is
staggering: 7% of Russian gross national product, 20% of tax revenues, one
third of known world natural gas reserves, a quarter of European gas
deliveries.
That's the bright side.
Gazprom's share price of just 40 cents is, for investors, the dark side. The
company's market capitalization of $8.6 billion shows a price-to-sales ratio
of well under 1. Compare that to Enron Corp. of the U.S., which has a P/S of
44 and a market capitalization five times bigger though its assets are a
tenth or less those of Gazprom.
That share price is near the company's current 52-week high, which reflects
sentiment by Russian investors that Putin's words will translate into action.
Investors clearly hope the 15-member commission created by Putin and chaired
by Kremlin Deputy Chief of Staff Dmitry Medvedev will find a way to bring
down the ring fence barring foreign investors from buying Gazprom's local
shares.
That fence compels foreign investors who want to own Gazprom to buy the
company's American Depositary Receipts. Trouble is, those securities cost
double the underlying share price - a relic of the heady days of 1996 when
investors bought up the pricey ADRs in the conviction that they were cheap
even at twice the price. Trouble is, they still cost double the underlying
share price because buyers nowadays flinch at the price difference.
Medvedev said Tuesday his commission's recommendation, due in July, will fall
between two extremes: pulling down the ring fence completely to allow
foreigners to buy as much Gazprom shares as they want; and raising the de
jure foreign ownership of Gazprom to the legal cap of 20% from 11.5% now.
Analysts estimate that "gray schemes," whereby Moscow brokerages buy local
Gazprom shares on behalf of foreign investors, bring the de facto foreign
shareholding in Gazprom to between 20% and 25%. A senior official on the
Medvedev commission said earlier this week that any decision will have to
take the gray scheme shares into consideration.
But investors have reason to hope the commission will plump for the full
liberalization.
Gazprom managers do have two seats on the commission, but reformers from the
Kremlin and government headquarters at the White House have four or more
seats. All of these people can be expected to favor bringing down the ring
fence - Gazprom executives because they stand to gain as shareholders from
the expected price rise, and reformers because of an instinctive dislike of
the state participating in setting share prices.
That, in any case, seems to be what the market now expects. Gazprom shares
are up more than a quarter this week on expectations that foreign investors
will soon have a chance to snap up Russia's cheapest big-company shares.
Gazprom's buyers are probably right. The appointment of the Medvedev
commission signals that the one choice that won't be made is do nothing.
The other choice - letting foreigners buy more of the overpriced ADRs - can't
be done by issuing new shares as ADRs because it's long been clear there are
no investors willing to stomach such a purchase. Gazprom has even twice
mulled issuing convertible bonds and twice been dissuaded by lead managers.
In the end, the Medvedev commission seems likely to end up getting herded
into letting foreigners buy local shares.
A freely-traded Gazprom would soon find increased respectability and greater
interest from the more cautious in the investment community. Share indices
would include it in their rankings, compelling more investors - index
trackers this time - to buy the stock.
Unification of the company's share price will hurt current ADR holders at
least at first as the ADR price converges down to meet the underlying share
price, and they know it. By contrast with the underlying share, the ADR
hasn't budged this week.
An ADR priced the same as the underlying share would be a compelling buy for
the many foreign investors lucky or wise enough not to be mired in the
current double-standard share structure. There may be legs yet in the current
rally in the underlying shares.
Company Web site: http://www.gazprom.ru
-By John Ryan, Dow Jones Newswires; 7095-974-8055; [email protected] -0-
12/04/01 14-39G
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: U.S. must embrace energy efficiency-report.
By Matthew Robinson
04/12/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, April 12 (Reuters) - The United States must adopt new conservation
measures such as improved vehicle fuel efficiency if it is to ease its energy
supply woes, a new report from an independent task force said on Thursday.
The Bush administration's plan to increase domestic energy supplies is not
enough to tackle a squeeze that has sent gasoline and heating oil costs
soaring and pushed California's power system to the brink of collapse, the
task force organized by the the Council on Foreign Relations (CFR) and the
Baker Institute of Rice University said.
The panel released its findings as the administration's White House Energy
Policy Development Group headed by Vice President Dick Cheney prepares for
final deliberations.
Oil and energy firms such as Royal Dutch/Shell , Chevron , BP Amoco ,Enron ,
Dynergy and Italy's ENI contributed to the task force.
"Supply side issues are very important, as is debottlenecking our
infrastructure. But we have to look at demand management practices and fuel
choice - we completely ignored that for more than a decade," said Amy Myers
Jaffe, project director for the task force.
The United States currently guzzles about a quarter of the 80 million barrels
of oil products consumed each day worldwide, and according to the study lags
other industrialized nations in exercising demand-based energy policies.
The Bush administration's energy plan is currently focused on opening up more
domestic land for hydrocarbon drilling, including the currently off-limits
Arctic National Wildlife Refuge in Alaska to make the U.S. less reliant on
foreign imports.
"The United States has trailed other industrialized societies when it comes
to oil-demand management," the report says.
If light truck vehicles such as sport utility vehicles (SUVs) were required
to have the same fuel efficiency as automobiles, it would shave five percent
off U.S. demand in seven to 10 years, it said.
The federal government could also stimulate development of greener
transportation by purchasing vehicles for its fleet that incorporate nascent
technologies, it added.
Efforts toward the development of energy-efficient technologies would in turn
encourage more efficient worldwide use of oil resources in developing
countries, it said.
With China expected to add more than 150 million automobiles to its fleet
over the next 20 years, increasing the efficiencies of those vehicles would
have global implications for oil demand.
RELIANT ON IMPORTS
Over fifty percent of oil consumed in the United States is imported, and
looks to become dependent on sources outside of North America for significant
volumes of natural gas in the near future.
Growing U.S. dependence on foreign energy sources, means policy makers must
also rethink its foreign policy with an eye toward the Russia, China, and the
Middle East, including backing off some of the sanctions against major
producer Iraq which are deemed less effective, the study says.
In addition, environmental concerns such as greenhouse gas emissions are too
large and too public to be ignored in a comprehensive energy policy.
The study concludes that when it comes to energy, the American people cannot
achieve "both a painless present and a secure future".
"The president has to begin educating the public about this reality and start
building a broad base of popular support for the hard policy choices ahead,"
the report says.
"There is no overnight solution - there is no silver bullet," said Jaffe.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
INDIA: India state committee suggests Enron re-negotiation.
By Maria Abraham
04/12/2001
Reuters English News Service
(C) Reuters Limited 2001.
BOMBAY, April 12 (Reuters) - A committee set up by the western Indian state
of Maharashtra to examine U.S. energy giant Enron's controversial power
project on Thursday recommended it be re-negotiated.
The state government presented the committee's report with a list of
recommendations about Enron's Indian unit, Dabhol Power Co (DPC) in the
legislative assembly.
"...action needs to be taken concomitantly to address certain urgent and
critical issues pertaining to the project through negotiations with DPC so as
to bring down the cost of power," the report said.
Enron and the Maharashtra State Electricity Board (MSEB) had been locked in a
long-standing dispute over the state utility's unpaid bills.
In March Enron, which owns 65 percent of DPC, invoked a counter-guarantee of
the Indian government after MSEB failed to clear its bill of 1.02 billion
rupees ($21.91 million) for December.
Earlier this week, the multinational's Indian unit sent a political force
majeure notice to MSEB. Such a notice is a contractual clause dissatisfied
parties give as a first step towards possibly dissolving a contract.
Last week, Enron notified the government of India that it was applying to an
arbitration court in London to consider its claim for 1.02 billion rupees.
DPC has come under fire because of the relatively high cost of its power.
Critics object to it charging 7.1 rupees per kilowatt hour versus 1.5 rupees
charged by other suppliers.
The committee, chaired by a former bureaucrat Madhavrao Godbole, has
suggested that the tariff be re-negotiated to make it cheaper and to remove
the dollar linkage which resulted in a steep increase each time the rupee
fell against the dollar.
The report also recommended the financial restructuring of DPC so as to defer
payment obligatons: "The Committee therefore recommends that the maturity of
the debt be increased, preferably to 15 years, with an initial moratorium of
five years".
The Committee also wants the Escrow Agreement, designed to ensure future
payments, between MSEB and DPC to be cancelled.
Other recommendations included:
* Tariff to be benchmarked to the lowest cost of supply from gas-based
projects elsewhere.
* Separate the Liquefied Natural Gas (LNG) facility into a separate unit
whose capital costs are reflected in the fuel charge in proportion to the
extent of fuel re-gasified for power generation compared to the total
re-gasification capacity.
* Allow the sale of DPC power outside MSEB but only if DPC agrees to relieve
MSEB of all its contractual obligations relating to the power plant.
The Committee report comes in the midst of DPC and the Indian government
initiating the process of conciliation to settle contentious issues plaguing
the $3 billion project at Dabhol in Maharashtra, the biggest foreign
investment in India.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Indian Panel Submits Report On Enron Power Dispute
04/12/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)
BOMBAY (AP)--A committee on Thursday recommended renegotiating an agreement
with U.S. energy giant Enron Corp. (ENE) to lower power tariffs in a western
Indian state and called for reform of a state power utility that defaulted on
payments to Enron.
A five-member committee prepared the 198-page report which was placed before
legislators in the state assembly on Thursday. The committee was appointed in
Feb. by the Maharashtra government, of which Bombay is capital.
The $2.4 billion Dhabol project in Guhagar, 335 kilometers (210 miles) south
of Bombay, is India's biggest foreign investment.
State government ministers have been critical of Dabhol Power Company, Enron
's Indian subsidiary, and have dubbed the power supplied by the two-year old
plant as "unaffordable."
While some demanded scrapping the project, others asked for renegotiating the
1995 power purchase agreement that covers the rate at which the company sells
electricity to Maharashtra state.
Costs have increased fourfold from 1.8 rupees (four cents) per unit agreed in
1995 for naphtha-generated electricity in the 740-megawatt plant.
Prices shot up to 7 rupees (15 cents) per unit because worldwide fluctuation
of oil prices and a depreciation of the Indian rupee hiked the cost of
naphtha.
Enron has blamed rupee depreciation and the high cost of naphtha used as fuel
in the first phase for the hike in tariff. The second phase 1,444-megawatt
plant is scheduled to run on liquefied natural gas later this year.
Three separate state governments have negotiated with the company since the
mid-1990s over pricing.
Stressing this point, the five-member committee said it was "troubled" by the
"failure of governance" in matters relating to the project. The report said a
"clear political mandate" should be evolved to negotiate issues such as
lowering of tariff and capital cost.
The committee suggested that a forum comprising of the federal government,
state government, state power utility and Dabhol Power Company be involved in
future discussion.
It also said the Dabhol company had shown it was open to renegotiation.
"During discussions held with Dabhol Power Company, the committee emphasized
the need for reform of the utility.
The committee also mooted redefining the tariff in rupee instead of dollar
terms, permitting Dabhol to sell power to other states and allowing the
under-construction liquefied natural gas facility to be marketed to other gas
marketers and importers.
While the state power utility is currently the sole purchaser of Dabhol's
naphtha-generated power and the second LNG phase, the report said other
buyers could be found for LNG.
"The current market conditions for spot LNG make it quite attractive to trade
LNG on the spot market."
The report will be debated in the state assembly before the government takes
a decision.
Last week, the Dabhol Power Company served an arbitration notice on the
federal government for not paying up outstanding dues. As part of the 1995
agreement, any dispute between Dabhol and the government can be resolved in
the London Court of Arbitration.
If committees set up by both sides cannot resolve the dispute within 60 days
in India, proceedings will begin in London.
Earlier this week, India's finance minister Yashwant Sinha told reporters the
federal government had agreed on a conciliation process.
"We will go ahead with conciliation," said Sinha after a finance ministry
meeting in New Delhi decided to adopt the conciliation route rather than
arbitration to settle the pricing issue.
As part of a counter guarantee agreement, the federal government is bound to
pay electricity bills if Maharashtra state defaults.
Enron invoked that guarantee in February, marking the first time in India's
history that a company invoked a federal guarantee, when the state utility
said it could not afford to pay Dabhol Power Company.
The state government finally paid $17 million in outstanding bills. Another
$48 million is still due to Enron in overdue bills.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
Indian Panel Proposes Enron, Maharashtra Redo Pact (Update1)
2001-04-12 16:22 (New York)
Indian Panel Proposes Enron, Maharashtra Redo Pact (Update1)
(Updates dollar conversion in third paragraph.)
Mumbai, April 12 (Bloomberg) -- Maharashtra, India's biggest
industrial state, and the local unit of Enron Corp., the world's
largest energy trader, should renegotiate their agreement to
resolve a dispute over unpaid bills, a three-member panel said.
The panel said Dabhol Power Co., which is 65 percent owned by
Enron, should link its charges to a fixed exchange rate because a
weakening rupee has made its power more expensive. The Indian
rupee has declined 7 percent against the U.S. dollar the past 12
months.
The panel, which includes representatives from Dabhol Power
and the Indian government, recommended the renegotiations today in
the fight over 3 billion rupees ($65 million) in unpaid bills. The
company invoked ``political force majeure' on Tuesday to stop
selling power to Maharashtra without being penalized after the
state declined to pay the energy bills for December and January.
The Maharashtra State Electricity Board, Dabhol's only
customer, said the bills are too high, arguing Dabhol is charging
more than other generators.
The canceled payments led Dabhol to invoke payment guarantees
by India's federal and the state government. The two sides
yesterday agreed to submit the case to the panel.
Enron's $3 billion, 740 megawatt-a-year project, is the
biggest foreign investment in India. The project faced numerous
delays and at one point was canceled after a change of government
at the state. Enron revived it after agreeing to cut power prices
by 22 percent and sell a 30 percent stake to the state government.
India wants to double its capacity to 200,000 megawatts over
the next 10 years. The country needs $100 billion to do that, and
is relying mainly on foreign companies.
The panel said Dabhol should be allowed to sell to buyers
other than the electricity board, such as state-run National
Thermal Power Corp., which generates a quarter of the country's
power. Dabhol will have to relieve MSEB of all its ``contractual
obligations'' before it does that.
|
{
"pile_set_name": "Enron Emails"
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|
Dale,
I have passed on the information you gave me but you have to realize that
I acted just as a go-between. I shall be glad to remind our new business unit
about your proposal. I have already asked a few times.
I shall be traveling this week, Wed - Fri. I shall be back in the office on
Monday.
Vince
"Dale Nesbitt" <[email protected]> on 06/06/2000 02:03:18 AM
To: "Vincent Kaminski" <[email protected]>
cc:
Subject: Follow up
Vince:
Just wanted to make sure you know we are still vitally interested in getting
together with you and the key Enron people. Thanks so much for all your
help. I understand how busy you and the new person are, but I hope you are
interested enough to find a slot for us. I think it will benefit you as
well as us.
Dale
|
{
"pile_set_name": "Enron Emails"
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|
Vince,
Please send a package of article reprints to the attention of Joan Payne at
the following address:
Joan Payne
Department of Finance
E. J. Ourso College of Business Administration
Louisiana State University
2163 CEBA
Baton Rouge, LA 70803
In your package, please indicate which presentation each reprint is
intended for; i.e., whether it is for student consumption on Thursday
afternoon or finance faculty/doctoral student consumption on Friday
morning. Joan can make sure that we get the right number of copies
produced for the respective audiences.
Concerning powerpoints-- just email these files to me and if it is all
right with you I will make them available for download by the faculty and
students on the class and research seminar webpages.
Thanks again for being willing to visit LSU and present your knowledge to
our faculty and students.
Sincerely,
Jim Garven
At 01:39 PM 1/18/2000 +0000, you wrote:
>Jim,
>
>I can send you copies of the reprints of some papers I wrote
>or co-authored. Please, let me know how many copies do you need.
>
>I shall prepare power point presentations for the student meeting
>and for the faculty meeting.
>
>For the students: review of my group (things we work on) with an intention
>of generating some interest among the students and soliciting resumes.
>
>For the faculty meeting: challenges that energy markets pose to financial
>modeling.
>I shall be able to E-mail the Power Point presentations later this month.
>
>Vince
>
>
>
>
>
>Jim Garven <[email protected]> on 01/17/2000 04:00:25 PM
>
>To: Vince J Kaminski/HOU/ECT@ECT
>cc:
>Subject: Re: LSU seminar visit
>
>
>
>Dear Vince,
>
>Would you mind emailing to me a short biography/vita sometime when you get
>a chance? Also, if you have a paper to circulate or any PowerPoint slides
>that you'll want to use either in your presentations to my students
>Thursday afternoon, 2/3, or to the faculty seminar on Friday morning, 2/4,
>please email these to me. This would be greatly appreciated.
>
>My colleagues and I are looking forward to your visit on Feb. 3-4 to LSU.
>
>Sincerely,
>
>Jim Garven
>
>
>_________________________________________
>James R. Garven
>William H. Wright, Jr. Endowed Chair for Financial Services
>Department of Finance
>2158 CEBA
>E. J. Ourso College of Business Administration
>Louisiana State University
>Baton Rouge, LA 70803-6308
>
>Voice (225) 388-0477 | Fax: (800) 859-6361
>
>E-mail: [email protected]
>Home Page: http://garven.lsu.edu
>Vita: http://garven.lsu.edu/dossier.html
>Research Paper Archive: http://garven.lsu.edu/research.html
>_________________________________________
_________________________________________
James R. Garven
William H. Wright, Jr. Endowed Chair for Financial Services
Department of Finance
2158 CEBA
E. J. Ourso College of Business Administration
Louisiana State University
Baton Rouge, LA 70803-6308
Voice (225) 388-0477 | Fax: (800) 859-6361
E-mail: [email protected]
Home Page: http://garven.lsu.edu
Vita: http://garven.lsu.edu/dossier.html
Research Paper Archive: http://garven.lsu.edu/research.html
_________________________________________
- att1.htm
|
{
"pile_set_name": "Enron Emails"
}
|
----- Forwarded by Richard B Sanders/HOU/ECT on 09/20/2000 07:07 PM -----
Justin Boyd
09/19/2000 09:32 AM
To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: Re: MG plc and Rudolph Wolfe
richard
please see below
justin
---------------------- Forwarded by Justin Boyd/LON/ECT on 19/09/2000 15:34
---------------------------
Justin Boyd
07/09/2000 17:08
To: [email protected] @ ENRON
cc:
Subject: Re: MG plc and Rudolph Wolfe
many thanks!
Enron Capital & Trade Resources Corp.
From: [email protected] 07/09/2000 14:41
To: [email protected]
cc: [email protected]
Subject: Re: MG plc and Rudolph Wolfe
Justin
Under the UK agreement between Metallgesellschaft Limited (MGL) and Rudolf
Wolff
Group Limited (RWG) dated 30 June 2000:
MGL purchased certain LME warrants (metals) from RWG;
MGL sold certain LME futures to RWG;
MGL agreed to make certain payments to RWG for the use of RWG's London,
Hamburg and New York offices for up to 2 months following closing;
both parties agreed a process for the transfer of RWG customers to MGL;
MGL agreed to make offers of employment to certain identified employees and
directors of the RWG group;
RWG assigned to MGL the Rudolf Wolff trademarks (including company names),
logos, domain names and website; and
RWG gave MGL a two year non-compete covenant.
Under the US agreement between MG Metal & Commodity Co Limited (MGM) and
Rudolf
Wolff Metals Co Inc (RWMCI) dated 30 June 2000:
MGM purchased certain US and non-US metals inventory and related futures
contracts (hedges) from RWMCI;
RWMCI assigned certain forward physical contracts to MGM; and
MGM agreed to make offers of employment to the employees of RWMCI.
Neither transaction involved the sale of shares in the Rudolf Wolff group to
MG.
If you need any further information, please do not hesitate to contact me.
Regards
Philippa
To: Philippa Broom
cc:
Date: 06/09/2000 13:14
From: [email protected]
Subject: Re: MG plc and Rudolph Wolfe
philippa
please would you prepare a brief description of the underlying RW deal
(both UK and US) for Jane Allen's purposes. if you make it short and
sweet.
Thanks.
Justin
---------------------- Forwarded by Justin Boyd/LON/ECT on 06/09/2000 13:15
---------------------------
Jeanie Slone
06/09/2000 10:26
To: Justin Boyd/LON/ECT@ECT
cc: Madeline Fox/LON/ECT@ECT
Subject: Re: MG plc and Rudolph Wolfe
Justin,
Please see attached email from Jane Allen in Houston. Could you provide
the diagram requested? Please respond to Madeline Fox. Thanks.
Best regards,
Jeanie
---------------------- Forwarded by Jeanie Slone/LON/ECT on 06/09/2000
10:27 ---------------------------
Madeline Fox
04/09/2000 09:04
To: Jeanie Slone/LON/ECT@ECT
cc:
Subject: Re: MG plc and Rudolph Wolfe
Jeanie,
Don't want to burden you in your last week, but would this be easy to draw
up?
Thanks,
Mad
---------------------- Forwarded by Madeline Fox/LON/ECT on 04/09/2000
09:05 ---------------------------
Jane Allen
01/09/2000 17:02
To: Hoyt Thomas/NA/Enron@Enron, Madeline Fox/LON/ECT@ECT
cc: Margaret Daffin/HOU/ECT@ECT, Melissa Laing/LON/ECT@ECT
Subject: Re: MG plc and Rudolph Wolfe
We have spoken to Alice Gruber, the immigration attorney. In order for her
to determine if we can get this L-1 transferred, she will need a very basic
diagram of the transactions between these companies. For example, who
acquired what and at what percentage as well as whether the transactions
were stock based, asset acquisition and/or mergers.
Please send directly to me and I'll work with Alice.
Jane J. Allen
Enron Corp
Global Employee Services
Phone - 713/345-5064
Fax - 713/646-9501
----- Forwarded by Jane Allen/HOU/ECT on 09/01/2000 10:55 AM -----
Margaret
Daffin To: Alice Gruber
<[email protected]> @ ENRON
cc: Susan King
<[email protected]> @ ENRON, Jane Allen/HOU/ECT,
09/01/2000 Melissa Laing/LON/ECT@ECT, Madeline
Fox/LON/ECT, Hoyt
10:11 AM Thomas/NA/Enron@Enron
Subject: Re: MG plc and Rudolph
Wolfe
Alice: with reference to the following, Enron recently made an asset
acquisition of Rudolf Wolf. We have received the following note from
London:
"Need your help sorting Paul out. Rudolf Wolf is an MG owned company.
Paul is a UK national, on an L-1 visa obtained by the Rudolf Wolf company.
He is transitioning shortly to an Enron contract, and I'm not sure what we
need to do from an immigration perspective to transition the L-1 visa.
Could you let me know what information the lawyers will need, so that I can
get the ball rolling."
Please let me know whether it is possible to bring Paul Fingster over on an
L1 given the fact that Enron did not do a stock transfer?
Many thanks
Margaret
---------------------- Forwarded by Margaret Daffin/HOU/ECT on 09/01/2000
09:58 AM ---------------------------
Jane Allen
09/01/2000 09:43 AM
To: Margaret Daffin/HOU/ECT@ECT
cc:
Subject: Re: MG plc and Rudolph Wolfe
Jane J. Allen
Enron Corp
Global Employee Services
Phone - 713/345-5064
Fax - 713/646-9501
----- Forwarded by Jane Allen/HOU/ECT on 09/01/2000 09:42 AM -----
Jane Allen
To: Hoyt Thomas/NA/Enron@ENRON
07/31/2000 cc: Melissa
Laing/LON/ECT@ECT@ENRON
02:13 PM Subject: Re: MG plc and Rudolph
Wolfe(Document link: Jane Allen)
Sorry, I have been out on vacation. Before I call Ingrid, I just wanted to
see if you found out anything on your trip to NY. MG MCC should have
immigration attorneys who assist with their visa filings and should be able
to coach her. I am nervous about coaching her as we have a law firm handle
all our visa issues. Because each case may be different, we have the law
firm speak with each individual to determine the best route to take, then
they complete all the paperwork and we sign.
Jane J. Allen
Enron Corp
Global Employee Services
Phone - 713/345-5064
Fax - 713/646-7203
Hoyt
Thomas@ENRON To: Jane Allen/HOU/ECT@ECT
cc: Melissa Laing/LON/ECT@ECT
07/18/2000 Subject: MG plc and Rudolph Wolfe
07:33 PM
Hi, Jane!
I talked to Ingrid Krinke again today. Ingrid is the HR person at MG MCC,
the New York branch of MG plc. MG plc has acquired Rudolph Wolff, another
British company. Rudolph wolfe has the two H1 and one L1 visa employees.
It turns out that MG plc is doing an asset acquisition of Rudolph Wolff,
not a stock transfer, and Ingrid's immigration attorney tells her that they
cannot transfer an L1 in an asset transfer. Ingrid is starting the process
of transferring the H1's from RW to MG. I do not know how much ingrid
knows about visas, and it would probably be good if we guided her so that
she does not so something that impacts us or that is unnecessary.
Ingrid has a thick file of immigration "stuff" on these folks but she does
not know what to send to us. Could you give her a call and talk to her
about the situation? I am concerned that i am not asking her the right
questions, or I may garble the info when I pass it on to you. Ingrid is at
212.715.5241. I told her that you might call.
closing is forecast for Sept. 8; i may be in NY either this monday or the
following monday collecting data. I would be happy to sit with you and
tell you what I know , or join in on the call to ingrid. Please ring me.
713.345.7801
Thanks a bunch.
*******************Internet Email Confidentiality Footer*******************
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|
{
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{
"pile_set_name": "Enron Emails"
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|
I want to make sure Joni sees everyting on CGAS as well.
[email protected] on 03/16/2000 08:39:28 AM
To: Chris Germany/HOU/ECT@ECT, " - *Goodell, Scott"
<[email protected]>
cc: " - *Kinney, Doug" <[email protected]>
Subject: New SST Volumes for COH
Just a note that as of 4/1/00, CES' SST capacity on TCO will decrease. We have
submitted a request to COH for Storage Capacity and Transport (FSS & SST) for
the 00-01 season. COH should have the actual numbers late Friday, but I have
made a guesstimate below. You only get 50% of your Oct-Mar WD capacity for
Apr-Sep Inj, which could be around 50,000 dth/d. The numbers below are from
3/00, so 4/00 should be smaller, but I will forward to you as soon as I can.
|
{
"pile_set_name": "Enron Emails"
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|
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