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-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Thursday, December 20, 2001 10:02 AM
To: Rohauer, Tanya
Subject: The Road To Competitive Electricity Markets in Mexico
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The Road To Competitive Electricity Markets In Mexico
Publication date:
04-Dec-2001
Analyst:
Jeffrey Wolinsky, CFA, New York (1) 212-438-2117; Manuel E Borrajo, New York (1) 212-438-7971; Santiago Carniado, Mexico City (52) 5-279-2013
Mexico's much anticipated energy reform seems to have been placed on hold until mid-2002. The delay is due to two crucial factors: The economic slowdown that has led to reduced electricity demand growth, making reform seem less urgent, and the controversial tax reform, which is currently the primary focus of the Mexican Congress. Under the current recession, industrial growth has slowed considerably, resulting in very little growth in electricity demand this year. GDP growth, which is tied to electricity growth, for 2001, is projected at less than 1%, which is a far cry from growth in 2000 of just below 7%. In April 2001, the high electricity demand growth brought reserves down to nearly 0% and led to fears that severe energy shortages were imminent. However, the new plants that came on-line this year as part of the government's independent power producer (IPP) program, combined with much lower demand growth in the later part of the year, reduced the sense of urgency.
Energy reform is likely to be very controversial and may require a constitutional change to allow greater participation in the sector for private investors. The rival political parties to President Vicente Fox's (National Action Party) PAN are expected to balk at any changes to the constitution, but may accept changes to Mexico's enabling laws to offer openings to private capital. The Mexican Constitution currently requires the state to provide energy services as part of its public service obligations. Enabling laws can be changed, however, to exclude industry and commerce from the definition of public service, which would allow a free market to operate in the electricity sector. Yet, investors got a preview of the opposition to reform in June when Congress blocked a proposal by President Fox to increase the amount of electricity that companies may sell to Comision Federal de Electricidad (CFE). Currently power companies that generate for their own use are permitted to sell up to 20 megawatts (MW) of excess power to CFE. President Fox hoped to allow these companies to sell up to 50% of their capacity to CFE. Mexico's Congress ruled that this proposal was unconstitutional, as it represented a change in law, which cannot be done without first going through Congress. Reform of the electricity sector in Mexico has become more of a political issue than an economic one.
President Fox faces an uphill battle in devising an energy reform plan that satisfies Congress. Many Mexicans believe that selling off state-owned companies leads to higher prices, worker layoffs, and high profits for the new owners, not improved service as government officials typically promise. Back in February 1999, President Ernesto Zedillo submitted a restructuring proposal to Congress that envisioned the disaggregation, subdivision, and subsequent sale of distribution concessions and generation companies. However, the proposal died in Congress that year. Therefore, any proposal put forward by President Fox will most likely not include plans to privatize the existing generation assets, although there is the potential that the distribution assets could be subdivided and the concessions sold to private investors.
The resistance to selling a substantial portion of CFE's generation assets creates a great challenge in Mexico's effort to establish a competitive electricity market that will draw private investment into new generation plants. The challenge is unprecedented in that the government would like to create a competitive generation market while retaining ownership of about 90% of generation capacity. There are no global examples of how to accomplish this feat and to make investors comfortable that the market will truly be competitive. The problem Mexico faces is that investors will have to be assured that the government will be prevented from keeping power prices artificially low to stimulate the economy during periods of economic slowdown. The two issues that will have to be addressed are how CFE will determine the pricing for its plants and the form of subsidies to CFE from the Mexican government.
Market Pricing and Subsidies
CFE faces the inverse of the market power issue that has plagued so many other competitive generation systems. When an entity has market power in a given region, that entity can withhold its generation, thereby forcing artificially inflated prices. At this point the entity, having market power, enters the market and makes windfall profits. Standard & Poor's has seen this scenario played out in various markets all around the globe, with the recent California crisis getting a great deal of attention. Mexico would face the opposite problem because the government, through CFE, would own more than 90% of the power generation and could exercise market power to artificially keep prices low by bidding CFE-owned generators below their marginal cost. This might be done to provide an economic stimulus to the economy, and CFE could be reimbursed through some form of a subsidy from the government. Because CFE owns such a substantial portion of the country's generation, one of its plants would likely be the marginal plant for a significant period of time, thereby eroding the profit margins of private generation companies. In order to mitigate this risk for private generators, the government must devise a law that would make it illegal to bid government-owned plants at below their marginal cost and eliminate any loopholes for providing CFE-owned generation plants with government subsidies. Any future government subsidies would have to be made by the Mexican government to CFE's distribution or transmission subsidiary, not to any generation subsidiary.
Another issue that needs to be addressed is what the government will do about the existing subsidies. In 2000, the government spent about $5.8 billion subsidizing electricity bills, and the estimate for 2001 is slightly higher due to inflation and population growth. In order to highlight these subsidies to the population, the format of electricity bills was changed in July to break out the cost of power and the amount that the government is contributing as a subsidy. As there are no plans to do away with these subsidies, the government must structure them in a way that does not benefit CFE-owned generation plants to the detriment of privately owned plants. One potential indirect subsidy to CFE that has been addressed is the price that CFE pays for its fuel. Under Mexican law, all public entities are forbidden to sell their products or services below market prices. Therefore, Petroleos Mexicanos (PEMEX) cannot legally provide CFE-owned generators with fuel at subsidized prices, unless it offers those prices to all generators. This mitigates the risk of CFE lowering its marginal cost through an indirect fuel subsidy from PEMEX.
<http://rd-digex.ratings.com/cgi-bin/gx.cgi/#TOP>
Need For Capital Investment
The push toward competitive electricity markets in Mexico is driven by the need for investment in power generation and the reluctance of the Mexican government to continue to add off-balance sheet debt in the form of the IPP contracts. Mexico is forecast to require investments in the power sector of about $5 billion per year during the next 10 years to keep up with demand, most of which is expected to come from private investors. Although the current economic conditions may adjust this forecast downward, substantial investment will still be required in the sector. Even though the IPP program has been successful thus far, Standard & Poor's views these contracts as off-balance sheet debt of CFE, which puts negative pressure on CFE's credit rating. Because the obligations under many of these contracts cross default with CFE's debt, which in turn cross defaults with some of the sovereign debt, these contracts also apply negative pressure to the sovereign rating. While this pressure is not substantial today, if the IPP program continues to be the sole source of new generation in Mexico, these obligations will have a greater affect on the sovereign rating over time. Therefore, a move to a fully competitive electricity market, where private investors take all of the financing risks, will alleviate credit pressure on the sovereign from the electric sector.
In the interim, the Comision Reguladora de Energia (CRE) is working on creating a framework for the potential liberalization of the industry. CRE envisions the creation of an independent system operator to manage generation commitment, dispatch, and billing. State-owned generators would be divided into regional entities to promote competition. The distribution sector would also be divided into several regional entities, and a concession for the operation and maintenance of these systems could be granted. The transmission network would remain as a single public entity, although concessions for new transmission projects could be granted.
<http://rd-digex.ratings.com/cgi-bin/gx.cgi/#TOP>
Liberalization of the Electricity Sector
During the past nine years, Mexico has gradually liberalized the restrictions on the power market. CFE enjoyed a monopoly in the electric power sector for many years, although reforms instituted in 1992 allowed IPPs to sell power to CFE and industrial customers under self-supply regulations. In 1996, CFE devised a financing plan to meet projected electric demand growth. The objectives of the plan were to lower the company's debt leverage, finance projects at a lower cost, and extend the maturities of these obligations. As a result, for the first time, several new projects were structured as build-lease transfers (BLT), which are similar to lease transactions. Under this structure, a third party finances and builds a plant (or transmission line, or transformer) and leases the plant to CFE for a period during which the investment is amortized. At the end of this timeframe, ownership of the asset is transferred to CFE. These BLT arrangements indirectly assigned much of the operating risk to CFE, as CFE was required to pay for service even if the asset was unavailable. New facilities are now being constructed under IPP contracts. These arrangements are structured as take-and-pay power purchase agreements whereby CFE will not pay for power if it is not delivered. The next step would appear to be the creation of an open market system where participants are free to buy and sell electricity. Yet, the outlook for the creation of such a system is unclear in Mexico, given the highly politicized tripartisan environment that governs the decision-making process.
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Published by Standard & Poor's, a Division of The McGraw-Hill Companies, Inc., Executive offices: 1221 Avenue of the Americas, New York, N.Y. 10020. Editorial offices: 55 Water Street, New York, NY 10041. Subscriber services: (1) 212-438-7280. Copyright 2001 by Standard & Poor's, a division of The McGraw-Hill Companies. Reproduction in whole or in part prohibited except by permission. All rights reserved. In providing the Information on this E-mail (the "Standard & Poor's Information") Standard & Poor's has relied on information obtained from third-party sources and Standard & Poor's has not independently verified such information. Standard & Poor's makes no guarantees or warranties as to the accuracy or completeness of or results to be obtained from accessing and using the Standard & Poor's Information. Neither Standard & Poor's nor its affiliates shall be liable to any user or anyone else for any inaccuracy, error, or omission, regardless of cause, in Standard & Poor's Information or for any damages resulting there from.
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{
"pile_set_name": "Enron Emails"
}
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Pls send me final executed copies of all the Merger related documents ASAP!!
Thanks
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{
"pile_set_name": "Enron Emails"
}
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james r barker ees patricia downey ees
donnie myers/na/enron
ENA sold EES 5,000 dth a day delivered on Iroq Zone 1. The price is $3.14.
The total volume is 150,000 for the month. Patricia is only showing a
purchase in your system of 140,000 for the month. I think you forgot to put
in some of the buy/sale activity.
My system shows ENA delivered 130,000 to Canajoharie and 5,000 to Tenn-Wright
one day (you though little ol' ENA was taking advantage of you). For 3 days
we bought the gas back from you and we are showing the buy/sale activity at
Tenn-Wright. The total buy/sale volume is 15,000. I think you need to add
another 10,000 to your buy/sale activity.
Let me know if you have any questions. Buddy
|
{
"pile_set_name": "Enron Emails"
}
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Are you back? When you get settled I want to hear vacation stories, and I
will update you on my confused dating life. 713.207.5318
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{
"pile_set_name": "Enron Emails"
}
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This is the true amount that Enron is buying back from Allied.
mainline to leach to allied = 12809/12426/12163
tco pool to allied = 2898/2837
Total delivery cut = 12163+2837 = 15,000
Total at pool = 12426+2898 = 15,324
By golly.... the 15,000 grossed up is 15,324. Chris, thinking you want the
15,324 on the ticket for the 5 days. John ... do you agree too?!?! The deal
ticket is 225366.
Thanks
Joan Veselack
03/23/2000 03:56 PM
To: [email protected], [email protected]
cc: Joann Collins/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT
Subject: Re: Allied Signal Buyback - 90,000
In case anyone cares.... did the SIT withdrawal nom's to Allied Plant on the
FTS idle capacity. Effective 3/24 to 3/29. This will better help match the
burns for Allied.
39095/84 was = 0 now = 12163
62672/13 was = 0 now = 2837
Thanks!!!!!!!!!!!!!!!!!
Joan Veselack
03/23/2000 11:50 AM
To: [email protected], [email protected]
cc: Chris Germany/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT
Subject: Allied Signal Buyback - 90,000
John, per voicemail. Reduced deliveries to Allied Plant by 90,000 or
15,000/day, effective 3/24 to 3/29.
39095/124 was = 12809/12426/12163 now = 0 (super nom from mainline pool to
Allied plant)
37862/14 was = 0 now = 12809/12426 (mainline to leach)
37147/2478 was = 0 now = 12426/12426 (leach to TCO)
62672/12 was = 3405/3333 now = 507/496 (TCO agg to Allied plant)
Total reduced to Allied Plant:
39095/14 12163 reduction
62672/12 2837 reduction
Total 15,000 reduction
Thanks!!!!!!!!!!!!!!!!!!!
|
{
"pile_set_name": "Enron Emails"
}
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changed to caiso
From: Sharen Cason 04/02/2001 02:13 PM
To: Kate Symes/PDX/ECT@ECT
cc:
Subject: #567553
This deal has an NP delivery point with firm energy.
thanks!
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{
"pile_set_name": "Enron Emails"
}
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I think David Pirtle is going to be at my house around 11:30 to help us
drag the barbecue pit around back. Come on out anytime to work on your
stuff
|
{
"pile_set_name": "Enron Emails"
}
|
(See attached file: Tenaska IV Est Imbalance0402.xls)
TXU LSP is requesting that you not bring in additional gas over what you
are currently burning. The imbalance on the Ponderosa Pine contract is
growing extremely large.
- Tenaska IV Est Imbalance0402.xls
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{
"pile_set_name": "Enron Emails"
}
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I have reviewed the La Plata Facilities O&O Agreement. Lee, could you please review the same and see if you agree with this assessment? It appears to me that the pigging facilties could qualify as either of the following:
Special Services. This would be subject to prior written consent and agreement between the Operator (TW) and the Operating Committee (TW & NWPLRepresentatives). If NWPL agreed, their share of the cost would be in proportion to their ownership interest. If we did obtain their approval, future O&M cost attributable to the pigging facilities could be shared among the owners. (We've agreed to a flat fee for 2000 through 2003 with a 3.5% escalator starting in 2001.)
Addition or Expansion. Demonstrate that the pigging will add incremental transmission capacity. We have to give notice to NWPL and they have 60 days to participate. If they participate, they share in the cost at their ownership interest, but they get a share of the incremental capacity at their ownership interest. If they don't indicate a desire to participate in 60 days, we can proceed with the Expansion (without any approval, but also no cost sharing). Also, any incremental O&M associated with an expansion cannot be passed on to any owners not participating in such expansion.
I think if we went the Special Services route, we would need to justify the need for these facilities to maintain the integrity and efficiency of the facilities at current levels. I think we would spend alot of time arguing this with them and in the end they would probably approve it subject to them not incurring any cost. (They probably don't have $260,000 ($1.5MM * .174) sitting around in a budget somewhere that they'd like to fork over for these facilities.) Rich, what do you think? How difficult would it be to demonstrate that these facilities are necessary for maintaining the current operating levels of the facilities?
Recommendation: To save us the 60 days notice period of an Expansion, I think we should notify them that it's a necessary Special Service and ask for approval (& to pass along their share of the cost), but to be prepared to eat 100% of the costs to obtain their timely approval and proceed with the installation of the facilities. In this event we would need to agree on the inclusion of future O&M attributable to these facilities.
FYI, their ownership interest is still officially 22.3% since they have not executed the Amendment that has been tendered to them 3 times, first by me and twice by Lynn Blair. If they execute the Amendment that incorporates the 4/1/98 expansion of the facilities, their ownership interest will be 17.4%.
|
{
"pile_set_name": "Enron Emails"
}
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money and entry due by 7 a.m. tomorrow.
PL
---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/04/2001
02:02 PM ---------------------------
From: Eric Groves/ENRON@enronXgate on 04/04/2001 08:11 AM
To: Mark Fondren/ENRON@enronXgate, Rajib Saha/ENRON@enronXgate, John
Swinney/ENRON@enronXgate, Scott Earnest/ENRON@enronXgate, William E
Kasemervisz/ENRON@enronXgate, John L Nowlan/HOU/ECT@ECT, Tomas
Tellez/HOU/ECT@ECT, Chad Pennix/HOU/ECT@ECT, Douglas S Friedman/HOU/ECT@ECT,
Adam Gross/HOU/ECT@ECT, Lee Jackson/HOU/ECT@ECT, Brent A
Price/ENRON@enronXgate, Patrick Stafford/ENRON@enronXgate, Tom
Mcquade/HOU/ECT@ECT, Gary W Lamphier/HOU/ECT@ECT, John Massey/HOU/ECT@ECT,
Phillip M Love/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Martin
Cuilla/HOU/ECT@ECT, Eric Moon/HOU/ECT@ECT,
[email protected]@SMTP@enronXgate, "John (E-mail)"
<[email protected]>@SMTP@enronXgate, "Jen (E-mail)"
<[email protected]>@SMTP@enronXgate, "Geoff (E-mail)"
<[email protected]>@SMTP@enronXgate, Mason Hamlin/HOU/ECT@ECT,
Brian Spector/Enron Communications@Enron Communications, "Mom (E-mail)"
<[email protected]>@SMTP@enronXgate, Simon Thurbin/LON/ECT@ECT, Richard
Cross/ENRON@enronXgate, Matthew Arnold/HOU/ECT@ECT, Allen B
Childress/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, David
Loosley/NA/Enron@Enron, Mo Bawa/NA/Enron@ENRON, Brian O'Rourke/Enron
Communications@Enron Communications
cc:
Subject: 2001 Masters Pool
The Azaleas are blooming and the greens are fast. The Masters are here. More
importantly the Masters pool is back. Sorry for the short notice, but what
would a major be without the pool. Please invite others.$20 each. Fill out in
Excel and return email the saved file (or hardcopy to me 2986b).
PLEASE INCLUDE YOUR NAME ON THE ENTRY FORM.
RULES IN ATTACHED FILE. GOOD LUCK.
|
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"pile_set_name": "Enron Emails"
}
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Your order has been received and is being processed. You will receive an
update shortly to let you know the status of the item(s) on your order.
Order Number: 3679548
------------------------------------------------------------------------------
Qty Description Unit Cost Total Cost
------------------------------------------------------------------------------
2 saxonygoblet1230000 25.00 50.00
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SubTotal: 50.00
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Tax: 4.70
GrandTotal: 61.65
All in stock items will ship via UPS within 2 business days. Please allow 7-10
business days for regular shipping and 2-3 days for express delivery.
If you have questions about your order, e-mail us at
[email protected] or call 1-800-345-5273.
Thank you for shopping Dillard's Direct.
|
{
"pile_set_name": "Enron Emails"
}
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Hi Jeff-
Hope things are well with you. Classes started here this week and I'm
still getting my schedule straigtened out. Fortunately, I got into the
Speculative Markets course. However, I still need to choose a second
finance class.
I have until friday at 3 PM EST to choose between FIXED INCOME (dealing
primarily with bond replication, fairly quantitative) and FUNDING
INVESTMENTS (a broad examination of how firms finance investment with
corporate securities).
Which of the two do you think would help me out the most at Enron Global
Markets? Sorry for the short notice, but I just won the course permit
tonight!
Thanks,
Matthew
(267) 254-8985
|
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go to MSN Home In The Zone -- MSN Gaming Zone
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July 21, 2001 -- Issue 40
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<!--
Please use the web site's "Contact Us" link, located at the
bottom of every page, for any inquiries.
Welcome to another edition of the 2001 Fantasy Football
Newsletter! The newsletter will arrive in your e-mail inbox
at the end of every week, and will include news about the
web site; tips on using all the features available; and
answers to your player-related questions from the "Gridiron
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PLAN FOR THE PLAYOFFS
The Fantasy season is nearing its end, and the playoffs are
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with NFL week 15 (games of Dec. 22-23) and last two weeks,
with the championship game in week 16 (games of Dec. 29-30.)
If you're in a Football Commissioner league, go to Schedule,
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they last. Of course, the matchups are probably still not
determined, so you may not see teams listed in the brackets.
The commissioner of your league is responsible for adding
the teams to your playoff brackets at the end of your
regular season.
If your team is still in contention, go to
NFL Teams, Schedule and take note of the NFL teams with byes
during your playoff weeks, so you know which players will be
available if - and WHEN - your team competes in a playoff
matchup.
GAME-BY-GAME ANALYSIS
Go to Players, Game Log to see how a particular player did
in each game this season. The player's statistics in the
common categories will be displayed for each game. If you
are breaking down free agents, the game log is great way to
see who's been getting the most consistent production.
MVP.com
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of the Hottest Gifts for Holiday 2001... Just enter the
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THE GRIDIRON GURU
Welcome to Gridiron Guru, where we'll answer your questions
about players and offer Fantasy Football roster advice. We
invite you to send your own scouting reports and comments on
players to: [email protected]. You'll get the chance
to be heard by thousands of Fantasy players just like
yourself!
Mike Blake: I'm having trouble filling my No. 2 WR spot.
Should I start Az-Zahir Hakim, Todd Pinkston or Muhsin
Muhammad in week ten?
G.G. - Hakim is a hit-or-miss type, so he's risky. Pinkston
has done nothing in his last four games, and he's losing
playing time to Freddie Mitchell. Muhammad bounced back from
a few bad performances to catch six passes for 75 yards last
weekend against St. Louis, and has had some past success
against this week's opponent, San Francisco. Go with
Muhammad.
Russell Brown: My league starts 2 QBs. Donovan McNabb is one
of my starters. Who else should I start? I have Tom Brady,
Vinny Testaverde and Doug Flutie.
G.G. - Testaverde's Fantasy value has taken a real hit this
season because of the Jets' conservative offense. Flutie
struggled last week against a bad Denver secondary, and
won't have an easier time against Oakland. We'd suggest
playing Brady, who will start against St. Louis despite the
return of Drew Bledsoe. Brady has thrown 11 touchdowns in
his last five games, and is playing too well to bench.
Chris Gilcrest: Who would you start at QB this weekend: Rich
Gannon or Kerry Collins? Which one of these four RBs would
you bench: Eddie George, Michael Pittman, Mike Anderson,
Curtis Martin?
G.G. - Collins has the better matchup of the two QBs, but
he's far too inconsistent to start over a player like
Gannon. Oakland will be looking to bounce back from a subpar
performance against Seattle, so look for Gannon to have a
solid game. As for your second question, bench Mike
Anderson. You can't bench Martin, no matter how bad the
matchup may be. George has four touchdowns in his last three
games against Cincinnati, and is worth starting despite his
struggles this season; and Pittman's matchup against Detroit
is too good to ignore.
FANTASY FOOTBALL GUIDES
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are the SOURCE for strategy, player ratings, latest scouting
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beginners and Fantasy veterans alike. Special in-season
price: $9.99. Going Fast - Click Here!
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TIP OF THE WEEK
Keith Simmons, Boulder, CO: Can Terrell Davis ever stay
healthy? He comes back and teases Fantasy owners with his
solid play over the last two weeks, only to fall prey to
another knee injury this past Sunday. He was once the best
Fantasy player in the league, but now Davis is an
unreliable, injury-prone shell of his former self.
FANTASY FOOTBALL RADIO SHOW
Fantasy Football on Live Radio! Be sure to tune into
SportsLine Radio every Friday at 4pm ET for The Fantasy
Advantage, the most informative and entertaining Fantasy
Football Show on the Net! SportsLine.com Fantasy editors
Scott Engel and Michael Fabiano have all the latest news and
analysis, along with insights from beat writers and pro
football insiders! Enjoy a full hour of Fantasy Football
talk every week!
http://www.sportsline.com/links/6/5/3/sffpn1116ffr.cgi
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directly.
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<td align="center" bgcolor="#E9EEF4"><font face="Arial" size="+1" color="#163786"><b>Fantasy Football Newsletter</b></font></td>
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<td align="right"><font face="Arial" size="-1" color="#163786">
<!-- Date goes here -->
November 16, 2001
</font></td>
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<img src="http://cbs.sportsline.com/images/newsletter/magnify.jpg" width="14" height="20" border="0" alt="" align="absmiddle"><b><a href="http://football0.commissioner.com/mp/pro-home?league=zero">Fantasy Football</a>
<img src="http://cbs.sportsline.com/images/newsletter/magnify.jpg" width="14" height="20" border="0" alt="" align="absmiddle"><b><a href="http://cbs.sportsline.com">CBS SportsLine.com</a></b></font></td>
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<td width="399" valign="top"><b><font face="Arial" size="+1" color="#163786">
<!-- First section title goes here -->
Welcome to another edition of the 2001 Fantasy Football Newsletter!
</font></b><p><font face="Arial" size="2">
<!-- First section text goes here -->
The Fantasy Football newsletter will arrive in your e-mail inbox every Friday. We'll include news about the web site; tips on using all the features available; and answers to your player-related questions from the "Gridiron Guru."
</font></p></td>
<td width="1" valign="top"><img src="http://cbs.sportsline.com/images/newsletter/pixel.jpg" width="1" height="190" border="0" alt=""></td>
<td width="200" valign="top">
<b><font face="Arial" size="+1" color="#163786">Inside</font></b>
<p><font face="Verdana" size="-2" color="#163786"><b>
<!-- Update section names here -->
• <a href=#tip1>Plan for the Playoffs</a><br><br>
• <a href=#tip2>Game-by-Game Analysis</a><br><br>
• <a href=#banter>Gridiron Guru</a><br><br>
• <a href=#tip3>Tip of the Week</a><br></font></p>
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<table width="600" border="0" cellspacing="0" cellpadding="5">
<tr>
<td width="600" valign="top">
<b><font face="Arial" size="+1" color="#163786">
<a name=tip1>
<!-- First tip title goes here -->
Plan for the Playoffs
</font></b><p><font face="Arial" size="2">
<!-- First tip text goes here -->
The Fantasy season is nearing its end, and the playoffs are
on the horizon. For <b>Fantasy 2001</b> players, the playoffs begin
with NFL week 15 (games of <b>Dec. 22-23</b>) and last two weeks,
with the championship game in week 16 (games of <b>Dec. 29-30</b>.)<p>
If you're in a <b>Football Commissioner</b> league, go to <b><i>Schedule,
Playoffs</i></b> to see when your playoffs start and how many rounds
they last. Of course, the matchups are probably still not
determined, so you may not see teams listed in the brackets.
The commissioner of your league is responsible for adding
the teams to your playoff brackets at the end of your
regular season.<p>
If your team is still in contention, go to
<b><i>NFL Teams, Schedule</i></b> and take note of the NFL teams with byes
during your playoff weeks, so you know which players will be
available if - and WHEN - your team competes in a playoff
matchup.
</font></p></td>
</tr>
</table>
<hr align="left" width="600" size="1" color="#CCD0D3">
<table width="600" border="0" cellspacing="0" cellpadding="5">
<tr>
<td width="600" valign="top">
<b><font face="Arial" size="+1" color="#163786">
<a name=tip2>
<!-- Second tip title goes here -->
Game-by-Game Analysis
</font></b><p><font face="Arial" size="2">
<!-- Second tip text goes here -->
Go to <b><i>Players, Game Log</i></b> to see how a particular player did
in each game this season. The player's statistics in the
common categories will be displayed for each game. If you
are breaking down free agents, the game log is great way to
see who's been getting the most consistent production.
</font></p></td>
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</td>
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<table width="600" border="0" cellspacing="0" cellpadding="5">
<tr>
<td width="600" valign="top">
<b><font face="Arial" size="+1" color="#163786">
<a name=banter>
<!-- Bleacher Banter title goes here -->
Gridiron Guru
</font></b><p><font face="Arial" size="2">
<!-- BB intro goes here -->
Welcome to Gridiron Guru, where we'll answer your questions about players and offer Fantasy Football roster advice. We invite you to send your own scouting reports and comments on players to: <a href=mailto:[email protected]>[email protected]</a>. You'll get the chance to be heard by thousands of Fantasy players just like yourself!
</font></p></td>
</tr>
</table>
<table width="600" border="0" cellspacing="0" cellpadding="5" bgcolor="#EDF2F6">
<tr>
<td><b><font face="Arial" size="2" color="#163786">
<!-- Q1 title -->
Question - Mike Blake
</font></b><p><font face="Arial" size="2">
<!-- Q1 -->
I'm having trouble filling my No. 2 WR spot.
Should I start <b>Az-Zahir Hakim, Todd Pinkston</b> or <b>Muhsin
Muhammad</b> in week ten?
</font></p><b><font face="Arial" size="2" color="#163786">
<!-- Q1 answer title -->
Answer - GG
</font></b><p><p><font face="Arial" size="2">
<!-- Q1 answer -->
Hakim is a hit-or-miss type, so he's risky. Pinkston
has done nothing in his last four games, and he's losing
playing time to Freddie Mitchell. Muhammad bounced back from
a few bad performances to catch six passes for 75 yards last
weekend against <b>St. Louis</b>, and has had some past success
against this week's opponent, <b>San Francisco</b>. Go with
Muhammad.
</p></font></td>
</tr>
</table>
<br>
<table width="600" border="0" cellspacing="0" cellpadding="5" bgcolor="#EDF2F6">
<tr>
<td><b><font face="Arial" size="2" color="#163786">
<!-- Q2 title -->
Question - Russell Brown
</font></b><p><font face="Arial" size="2">
<!-- Q2 -->
My league starts 2 QBs. <b>Donovan McNabb</b> is one
of my starters. Who else should I start? I have <b>Tom Brady,
Vinny Testaverde</b> and <b>Doug Flutie</b>.
</font></p><b><font face="Arial" size="2" color="#163786">
<!-- Q2 answer title -->
Answer - GG
</font></b><p><p><font face="Arial" size="2">
<!-- Q2 answer -->
Testaverde's Fantasy value has taken a real hit this
season because of the Jets' conservative offense. Flutie
struggled last week against a bad <b>Denver</b> secondary, and
won't have an easier time against <b>Oakland</b>. We'd suggest
playing Brady, who will start against <b>St. Louis</b> despite the
return of <b>Drew Bledsoe</b>. Brady has thrown 11 touchdowns in
his last five games, and is playing too well to bench.
</p></font></td>
</tr>
</table>
<br>
<table width="600" border="0" cellspacing="0" cellpadding="5" bgcolor="#EDF2F6">
<tr>
<td><b><font face="Arial" size="2" color="#163786">
<!-- Q3 title -->
Question - Chris Gilcrest
</font></b><p><font face="Arial" size="2">
<!-- Q3 -->
Who would you start at QB this weekend: <b>Rich
Gannon</b> or <b>Kerry Collins</b>? Which one of these four RBs would
you <i>bench</i>: <b>Eddie George, Michael Pittman, Mike Anderson,
Curtis Martin</b>?
</font></p><b><font face="Arial" size="2" color="#163786">
<!-- Q3 answer title -->
Answer - GG
</font></b><p><p><font face="Arial" size="2">
<!-- Q3 answer -->
Collins has the better matchup of the two QBs, but
he's far too inconsistent to start over a player like
Gannon. Oakland will be looking to bounce back from a subpar
performance against Seattle, so look for Gannon to have a
solid game. As for your second question, bench Mike
Anderson. You can't bench Martin, no matter how bad the
matchup may be. George has four touchdowns in his last three
games against <b>Cincinnati</b>, and is worth starting despite his
struggles this season; and Pittman's matchup against <b>Detroit</b>
is too good to ignore.
</p></font></td>
</tr>
</table>
<br
<hr align="left" width="600" size="1" color="#CCD0D3">
<table width="600" border="0" cellspacing="0" cellpadding="5">
<tr>
<td width="600" valign="top">
<b><font face="Arial" size="+1" color="#163786">
<a name=tip3>
Tip of the Week
</font></b><p><font face="Arial" size="2">
<!-- Tip of the Week goes here -->
<b>Keith Simmons, Boulder, CO</b>: Can <b>Terrell Davis</b> ever stay
healthy? He comes back and teases Fantasy owners with his
solid play over the last two weeks, only to fall prey to
another knee injury this past Sunday. He was once the best
Fantasy player in the league, but now Davis is an
unreliable, injury-prone shell of his former self.
</font></p></td>
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This message has been sent to [email protected], provided free of charge and free of obligation. If you prefer not to receive emails of this nature please send an email to <a href=mailto:[email protected]>[email protected]</a>. Do not respond to this email directly.
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|
{
"pile_set_name": "Enron Emails"
}
|
THis Guy is looking for Quants!
Regards
Bj?rn Hagelmann
Director
Rac - Market Risk Management
E-Mail: [email protected]
Office: + 1 713 345 7984
Trade Floor: +1 713 345 0338
Mobil: + 1 281 451 4156
-----Original Message-----
From: Jodie Hagelmann [mailto:[email protected]]
Sent: Tuesday, December 18, 2001 05:41
To: Hagelmann, Bjorn
Subject: Fw: MRI ENERGY
----- Original Message -----
From: Todd Bertges <mailto:[email protected]>
To: [email protected] <mailto:[email protected]>
Sent: Friday, December 14, 2001 1:27 PM
Subject: MRI ENERGY
TODD BERTGES
Recruiter, Energy Staffing Group
Management Recruiters of Portland, Inc.
Phone: (503) 290-1179
Phone: (800) 979-8701 ext. 1179
Fax: 503-282-4380
E-mail: [email protected] <mailto:[email protected]>
Web: www.mrportland.com/html/energy.htm <http://www.mrportland.com/html/energy.htm>
|
{
"pile_set_name": "Enron Emails"
}
|
FYI
---------------------- Forwarded by Rod Hayslett/FGT/Enron on 12/11/2000
04:23 PM ---------------------------
Kim Pattison
12/11/2000 04:16 PM
To: Sarabeth Smith/OTS/Enron@ENRON, Don Hawkins/OTS/Enron@Enron, Phil
Lowry/OTS/Enron@ENRON, Donna Scott/FGT/Enron@ENRON, Julia
White/ET&S/Enron@ENRON, Michael Moran/ET&S/Enron@ENRON, Rod
Hayslett/FGT/Enron@ENRON
cc: Amelia Alder/OTS/Enron@ENRON
Subject: Stan Horton Meeting; Subject: Citizen's Project in Arizona (O&M
Service Proposal)
A meeting concerning the above subject is schedule for 2pm with Stan Horton
on Thursday, December 14th. Please try to arrange your schedules to attend,
as Stan's schedule is not flexible.
Please confirm your attendance by email or voice mail to me by tomorrow, so I
can provide Cindy Stark with a headcount.
Thank you so much!
Kim Pattison
68301
|
{
"pile_set_name": "Enron Emails"
}
|
tana
many many thanks!
j
From: Tana Jones on 17/10/2000 11:08 CDT
To: Anne Edgley/LON/ECT@ECT
cc: Justin Boyd/LON/ECT@ECT
Subject: Re: ISDA Agreements - Hypovereins/Bank Austria
Below is an icon that will get you view access to the financial agreement
database. This lists all the financial agreements we either have executed or
have drafts out to the counterparty (except Australia, which we are currently
loading into the database). This database is available with view access to
any Enron employee. If you have any questions about a specific entry, please
do not hesitate to call me (or email me!).
Link -->
Anne Edgley
10/17/2000 10:15 AM
To: Justin Boyd/LON/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT, Markus Fiala/LON/ECT@ECT
Subject: Re: ISDA Agreements - Hypovereins/Bank Austria
Thanks Justin. As a follow-uo, Credit.com are now asking whether they can
have a list of all counterparties with whom with executed ISDAs. I presume
that is a long list but hopefully easily available. Thanks again for your
help.
Justin Boyd
17/10/2000 15:16
To: Anne Edgley/LON/ECT@ECT
cc:
Subject: Re: ISDA Agreements - Hypovereins/Bank Austria
Anne
FYI
J
---------------------- Forwarded by Justin Boyd/LON/ECT on 17/10/2000 15:18
---------------------------
From: Tana Jones on 17/10/2000 09:11 CDT
To: Justin Boyd/LON/ECT@ECT
cc:
Subject: Re: ISDA Agreements - Hypovereins/Bank Austria
No, no ISDA's or other master agreements in place with this counterparty.
Justin Boyd
10/17/2000 05:04 AM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: ISDA Agreements - Hypovereins/Bank Austria
Hi Tana!
Could you assist on this?
Many thanks
Justinian
---------------------- Forwarded by Justin Boyd/LON/ECT on 17/10/2000 11:06
---------------------------
Anne Edgley
17/10/2000 11:00
To: Justin Boyd/LON/ECT@ECT
cc:
Subject: ISDA Agreements - Hypovereins/Bank Austria
I have been asked by Credit.com whether there are ISDA agreements in place
with the above mentioned banks (who are about to merge). I suspect the answer
is No but please can we find out.
Thanks.
|
{
"pile_set_name": "Enron Emails"
}
|
Please note volume changes in SP-15 fixed price sale, 3/17, HE 15 and 16.
|
{
"pile_set_name": "Enron Emails"
}
|
Not me. Bart, is it you?
Kay
Thomas Suffield
07/18/2000 10:11 AM
To: Ted Ryan/Corp/Enron@ENRON, Kay Mann/Corp/Enron@Enron
cc: Karen E Carter/NA/Enron@Enron
Subject: Florida Presentation
Ted: I believe you missed our Florida "all hands meeting". Please find
attached a copy of the Florida presentation.
Kay: are you the legal contact on Florida?
Thanks, Thomas.
---------------------- Forwarded by Thomas Suffield/Corp/Enron on 07/18/2000
10:11 AM ---------------------------
Thomas Suffield
07/14/2000 10:00 AM
To: Marchris Robinson/HOU/EES@EES
cc:
Subject: Florida Presentation
As per our discussion, please find atached from yesterday's meeting.
---------------------- Forwarded by Thomas Suffield/Corp/Enron on 07/14/2000
10:01 AM ---------------------------
Raimund Grube
07/05/2000 06:19 PM
To: Tammy R Shepperd/HOU/ECT@ECT, Mary Kay Moore/HOU/ECT@ECT
cc: Ben Jacoby/HOU/ECT@ECT, Thomas M Suffield/Corp/Enron@ENRON
Subject: Florida Presentation
Attached, please find the latest version of the Florida presentation as of
6:20 PM on 7/05.
Please call if you have any questions.
Raimund D. Grube
X-30433
|
{
"pile_set_name": "Enron Emails"
}
|
I am pretty sure I have a copy, but it is really old and out of date, but I
will try and find it ASAP and send it on to you. Thanks!
Ben
|
{
"pile_set_name": "Enron Emails"
}
|
Please discard earlier file had an error on BP's contracts.
Thanks,
James
|
{
"pile_set_name": "Enron Emails"
}
|
Here's is Governor Davis' press release regarding the Clean Energy Green
Team as mandated by AB 970 (Ducheny).
http://www.governor.ca.gov/briefing/pressreleases/sept00/a00245912.html
|
{
"pile_set_name": "Enron Emails"
}
|
Pam Anderson from Intercontinental Exchange will be giving an ICE presentation
on Tuesday, May 22 in EB 32C2 at 3:00 pm .
Please let me know if you plan on attending.
Thanks,
Rain
|
{
"pile_set_name": "Enron Emails"
}
|
Sounds perfect. Unfortunately, Bart works on West deals. I'll talk to my
boss (Jeff Hodge) and see what he says.
John Moore
03/23/2001 12:43 PM
To: Kay Mann/Corp/Enron@Enron
cc:
Subject: Re: Coal stuff
Kay,
Just a thought....Bart Clark used to work in the coal business. I've worked
with Bart before and found him to be an excellent practical attorney and
individual. Would you consider using him?
JMoore
Kay Mann
03/23/2001 12:20 PM
To: John Moore/Corp/Enron@Enron
cc:
Subject: Re: Coal stuff
Hi John,
I'll be glad to consider using Aaron. Let me take a look at the agreements
first, before we commit. Did Bob Carter work on these agreements? He might
have copies, and he won't charge us for them. At least I don't think he will.
Thanks for your understanding and patience this week.
Kay
John Moore
03/23/2001 12:15 PM
To: Kay Mann/Corp/Enron@Enron
cc:
Subject: Re: Coal stuff
I hope everything is going OK.
With Kathleen's help and Jeff Hodge's review the CA went out on Wednesday via
email to BPUB. Mitch and I are reviewing the TEX/MEX agreements to determine
an appropriate commercial structure with the intent of preserving as much of
the "legalese" in the original agreements (i.e., the development agreement
and the participation agreement) as possible. Our major concern is to keep
this off Balance Sheet.
I'll call B &P to see if they have electronic versions. Would you consider
having Aaron Roffwarg of B & P work on this agreement, he was previously
involved in the drafting of the agreements and he knows all of the players
and their habits.
JMoore
Kay Mann
03/23/2001 11:39 AM
To: John Moore/Corp/Enron@Enron
cc:
Subject: Coal stuff
I'm still out of town, but now I have email access. Did your CA get taken
care of?
You mentioned that you feel like we can use Tex-Mex as a go-by. Do you have
electronic copies of the development agreement?
Thanks,
Kay
|
{
"pile_set_name": "Enron Emails"
}
|
Dear Mr. Keffer,
Thank you so much for agreeing to pass my resume along to the appropriate
person with the Astros organization. In keeping with our family tradition, I
am a huge Astros fan, and would appreciate the opportunity to get a "behind
the scenes look" at how a professional sports organization works.
This should be an exciting season for Houston baseball, and it would be an
honor to be a part of it. Any assistance you can give in putting me in touch
with the right person would be appreciated.
Sincerely,
Paige Record
|
{
"pile_set_name": "Enron Emails"
}
|
Blind copied to a select group of folks:
only in san francisco - see attached j.peg
----------------------------------------------------------------------------
----
- Body~art.jpg
|
{
"pile_set_name": "Enron Emails"
}
|
A "dedicated room" isn't as bad as it sounds. It would not be in use full
time and the only equipment requirements are 4 screens (which one of the team
rooms can accomodate) and a network connection (which the team rooms already
have). Let me know what you think. Also: I talked to Salisha about Lara's
move and it's ok with me (I think we were originally concerned that she
wanted space we were setting aside for graphics, but she is actually moving
deeper into her group (and next to her files)).
---------------------- Forwarded by Steven J Kean/HOU/EES on 12/17/99 08:40
AM ---------------------------
Sarah Palmer@ECT
12/15/99 05:26 PM
To: Steven J Kean/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON
cc: Karen Denne/Corp/Enron@ENRON, Marie Hejka/Corp/Enron@ENRON
Subject: Dedicated eSpeak Room
Steve and Mark:
eSpeak is gaining tremendous momentum to become the communication vehicle for
Enron's business units. In the first quarter of 2000, we estimate at least
one eSpeak session per week -- and growing. Jeff and Joe have personally
committed to an Office of the Chairman eSpeak event every two weeks. Cliff
Baxter, Cindy Olson and Tom Gros are scheduled for January events. We are in
the process of scheduling Ken Lay, Ken Rice, Kevin Hannon, Marty Sunde and
Joe Hillings.
As eSpeak events currently take place in different locations, there is an
incredible amount of time and energy required to set up and test the
equipment and infrastructure for each event. It is crucial to have a
dedicated eSpeak room. Preferably this room should be on the 47th floor
where the eThink team can train executives in advance and conduct each eSpeak
session. The ideal and most efficient scenario would be to set up the
equipment (four terminals) in an office space on 47, where the equipment will
be secure and the Public Affairs group can still use the office as extra work
space.
We request your authorization to move forward. As we are moving into new
space, this is the perfect time to dedicate a room.
Please feel free to call me at x39843 or Marie at x39698.
Sincerely,
The eThink Team
|
{
"pile_set_name": "Enron Emails"
}
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[IMAGE] [IMAGE] [IMAGE]
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How does the New Product Type Approval process work? We have received
several test messages but it is not clear how we look beyond the short
description in the e-mail to see the long description (can the short
description be set up as a hyperlink to the web-site?) or how we are supposed
to respond (my attempted reply was rejected as undeliverable).
|
{
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Netiquette. What's that?
Well, in case you didn't know, Netiquette is the proper use of e-mail.
Because we all spend a large portion of our day communicating with customers,
vendors and co-workers via e-mail, here are some tips to help you polish your
e-mail skills and send you on your way to Netiquette success.
Short & Sweet
Keep your messages concise and to the point.
Cluless In . . .
The subject line can be a couple of words or a short phrase that gives the
reader a hint to the contents of your message.
ARE YOU ANGRY?
The use of UPPERCASE text is the equivalent of yelling in the world of
e-mail. Lower the case and, thus, your e-mail voice.
Are You Still Angry!!!??
Watch out for excessive punctuation like exclamation points. If something is
important, put it in words, not exclamation points.
We Can Become Too Attached
Think of your reader and, whenever possible, put your message in the body of
the e-mail rather than in an attachment.
Does Everyone Need To Know?
Be careful when you send replies to "all recipients" of an e-mail. Ask
yourself if everyone really needs to see your response. If not, you'll be
using up disk space, cluttering inboxes and slowing the mail servers
unnecessarily.
Spellcheck Is Your Friend
Like printed documents, e-mail deserves a review to assure that grammar and
spelling are correct.
Privacy On The Net?
There is no such thing as private e-mail. Never send anything by e-mail that
you would not want to see on the front page of tomorrow's newspaper. There
are no security guarantees with electronic mail.
Eyes Only In Cyberspace
Avoid sending any confidential or sensitive information via e-mail.
Remember, it's very easy for someone else to forward messages you considered
confidential. Even messages sent as "Confidential" can be copied.
Quick Tips -- Refine Your Skills
Long paragraphs are hard to read. Break them up into smaller ones of two to
three sentences.
The use of abbreviations should be minimal.
When sending e-mail outside Enron, keep it plain and simple. That means no
elaborate use of formatting tools, such as bold, indent, etc.
Your e-mail signature should be the same one you use on printed documents.
Address people in business e-mail the same way you normally would in person
or in a letter (e.g., Bob: or Ms. Smith:)
Sarcasm is dangerous to use in e-mail. Remember, e-mail does not convey
emotions.
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Legislative Weekly
July 5, 2001
Issue 27, Volume 3
A weekly publication from the
California Manufacturers & Technology Association
detailing legislative and regulatory developments in Sacramento
A DEDICATED REVENUE STREAM
Department of Water Resources Wants Money to Flow Their Way
Six months ago Department of Water Resources took over power purchasing
responsibility from the nearly insolvent investor-owned utilities. The
general fund was first tapped, then a short-term loan allowed the purchasing
to continue.? Now the state needs to issue $13.4 billion in bonds authorized
in SBX1 31 (Burton D-San Francisco), to be paid back by utility ratepayers
for more than a decade.
On July 12 the CPUC must decide how much of utility rates should be siphoned
off to pay off the bonds and the ongoing costs of power being purchased on
the spot market and under short and long term power contracts signed by DWR.
This &dedicated revenue stream8 (DRS) will be based on the latest analysis by
utility and administration financial experts. The big question is whether
current rates are high enough to cover all utility generation costs (nuclear,
qualifying facilities, hydro, etc.), DWR power costs, and all the other
elements of rates (public purpose charges, transmission and distribution,
etc.).? Many assumptions about the spot market, the effects of the FERC price
mitigation order and the level of customer demand enter into the calculation
of the DRS.? Wholesale spot prices have recently dropped, but there still
could be a shortfall that would need to be made up in higher rates or with
more borrowing to push off repayment to the future.
In related news, last week the CPUC nearly ordered the suspension of direct
access in order to ensure that customers would not be able to leave utility
service and thus escape the payment of bond and DWR power costs.? Customer
groups were able to persuade regulators to put off the decision pending
legislation that could clarify a direct access customer's obligation to pay a
fair share of these costs.? To that end, ABX2 10 (Hertzberg D-Van Nuys) is
being amended to make the bonds secured by the DRS rather than DWR contracts,
thus creating more regulatory flexibility regarding the terms of direct
access, and SBX2 27 (Bowen D-Marina del Rey) and ABX2 42 (Kelley R-Idyllwild)
are the competing vehicles for how exit fees should be calculated.
?
LOCKYER CONVENES NEW GRAND JURY ON ALLEGED PRICE GOUGING
California Attorney General Bill Lockyer appointed 19 new members to a
Sacramento County Grand Jury this week to consider the growing volume of
evidence from both sides on the continuing investigations of alleged price
gouging by power generators. The Grand Jury to be convened later this week
will be issuing subpoenas for testimony and documents and is expected to be
impaneled for several months.
In a related development, Lt. Governor Cruz Bustamante and Assemblywoman
Barbara Matthews reportedly will introduce two new &whistleblowers8 at the
state capitol on Thursday from a San Diego power plant. Recent testimony from
three employees before a legislative committee investigating charges of
wrongdoing on the part of a San Diego power plant claimed their employer,
Duke Energy, manipulated the supply of electricity from the plant to increase
the company's profits. In response, generators have produced documents
showing they were simply following the direction from the State Independent
System Operator to modify their electricity output.
?
WINDFALL PROFITS TAX LEGISLATION TO BE CONSIDERED
SBX2 1 (Soto D-Pomona) would impose a &windfall profits8 tax on electrical
power generators and is scheduled for hearing on Monday, July 9th in the
Assembly Revenue and Taxation Committee. CMTA opposes the bill.
SBX2 1 pertains to all types of electricity generation including
co-generation produced and sold by manufacturers and generation by other
qualified facilities such as bio-mass and solar plants.? It causes the
&excess profit8 to be confiscated by the state from a middleman in the supply
chain: a 100% tax.? This revenue is then distributed to individual taxpayers
but not to business taxpayers (who paid the middleman the excess in the first
place).
The bill is a state-imposed price cap.? Excess profit is defined as anything
exceeding a cost-based rate established by the PUC on a plant-by-plant
basis.?? If enacted, SBX2 1 would have almost no effect on merchant
generators, as most of them have entered into contracts with the state that
pass on the cost of any increased taxes to the state.? Furthermore, this
legislation would violate federal law which preempts state law in this area.?
In accordance with the 1979 federal law, the PUC has set the price at which
co-generators and other QFs can sell their energy.? It is the cost that the
utility would have charged had it performed the sale. This formula was
devised to encourage manufacturers to build on-site generation and sell
excess power for public use.? This formula did not guarantee a profit for
such generators but gave them an incentive to build generation facilities and
operate efficiently.? Changing the formula would result in manufacturers
refusing to build more generation facilities and increased litigation costs
until the courts wipe away SBX2 1 (Soto).
?
LIABILITY FOR ELECTRICAL NON-GENERATION
CMTA strongly opposed ABX2 51 (Reyes D-Fresno) which would make any retail or
wholesale operator of an electric generation facility strictly liable for any
damages proximately caused by that generator's reduction or discontinuance of
service for economic reasons.
Neither negligence nor intent must be proven in order to establish strict
liability.? Under this legislation, a generator could be held strictly liable
for damages that resulted if electricity supplies were curtailed when the
generator was temporarily shut down to perform routine maintenance,
unscheduled maintenance or due to other external business factors (i.e. the
high cost of fuel).? ABX2 51 also would make it difficult for a generator to
permanently close a facility, even if the facility was not operating
profitably.
Generators are only one component of many that work together to provide
reliable electricity supplies throughout the State.? However, ABX2 51 would
result in generators shouldering the responsibility for all damages,
liability and responsibility for electricity shortages.
Amendments were taken to remove co-generation from the bill.? However, CMTA
will continue to oppose the measure on the principal that imposing strict
liability on generators will only discourage generators from siting new
facilities and selling their electricity within the State.
The measure passed from the Assembly Judiciary Committee on July 2 and next
will be heard in the Assembly Energy Costs and Availability Committee.
?
STREAMLINING THE PIPELINE PERMITTING PROCESS
The CMTA is supporting ABX2 47 (Diaz D-San Jose) which would increase the
financial threshold necessary to obtain a Public Utilities Commission (PUC)
Certificate of Public Convenience and Necessity (CPCN) from $50 million to
$100 million.? Increasing this threshold will allow for expedited
construction of new natural gas pipelines and will help to shore up the
infrastructure needed to increase the State's natural gas capacity.
The measure also streamlines the permitting process for new pipeline
construction, requiring the PUC to act on a permit request within 12 months
of receiving a completed application.? Failure to act on the permit would
result in the automatic issuance of a CPCN.
Natural gas is a necessary component of many CMTA members, industrial and
manufacturing operations.? Given the State's heavy reliance on imported
natural gas, CMTA supports expediting the construction of new pipelines to
ensure that a sufficient supply of this critical fuel is available for use.
?
REPORTING TO THE EOB MAY OPEN RECORDS FOR PUBLIC REVIEW
A measure that allows the Energy Oversight Board (EOB) to inspect and make
public all of a facility's records, data, accounts, books or documents
related to reliability, availability, and the cost of electric service was
heard in the Senate Energy, Utilities and Communications Committee on June
27.
CMTA testified in opposition to ABX2 28 (Migden D-San Francisco) which
substantially expands the authority of the Independent System Operator (ISO)
to adopt operating and availability standards for electricity generation and
transmission.
ABX2 28 also would allow the ISO to regulate a facility's co-generation
scheduling and maintenance practices, which would have the practical effect
of giving the ISO regulatory authority over a business, primary industrial
operations.
Since many of the co-generation facilities do not keep separate records for
the electricity component of their facilities, this requirement could open up
much of the facility's private operational records for their competitors, and
public review.
Committee members expressed concern regarding the effect of expanding the
authority of the Energy Oversight Board, how the measure affects the handling
of documents subject to the Public Records Act, and clarification regarding
the purpose for which documents would be used.
The measure was subject to testimony and discussion, however a vote was not
taken. The measure will again be heard on July 10.
?
NEW FISHING LIMITS FOR REGIONAL WATER BOARDS
In late May, Assemblymember Fran Pavley,s (D-Agoura Hills) AB 1664, which
makes various changes to state and regional water board penalty authority,
was amended on the Assembly Floor to remove language that would have created
major new penalty exposures for manufacturers.? Shortly thereafter, questions
surfaced concerning a subtle change to a section of the water code that
grants authority to the regional boards to issue orders for investigation of
waste discharges.? The concern pertains to the ability of the regional boards
to issue investigation orders to parties &suspected of having discharged8
waste at some point in the past.? Orders issued under these circumstances
typically involve contentious property access issues and costly monitoring
requirements.? This section of the code is already used liberally by the
regional boards and the change in AB 1664 arguably invites more orders that
lack a clear nexus between the discharger,s past activities and the suspected
discharge.
AB 1664 was amended earlier this week in Senate Environmental Quality
Committee to address this issue.? The bill's sponsor, the State Water
Resources Control Board, and Assemblymember Pavley agreed to take language
requiring that any new investigation order be accompanied by a written
statement identifying the evidence upon which the order is based.? This
clarification applies to all circumstances under which investigation orders
are issued and should help to ensure that regional boards do not abuse this
authority.
?
CAL-OSH STANDARDS BOARD TO CONSIDER ERGONOMIC RULE
On the agenda for the July 19, 2001 meeting in San Diego, the California
Occupational Safety and Health Standards Board (Standards Board) will
consider a petition from organized labor to adopt the recently overturned
federal Occupational Safety and Health Act (OSHA) ergonomic rule as a state
rule for California.? If adopted, it would replace California's repetitive
motion standard (Title 8, CCR 5110).
Employers opposed the federal rule because most employers believed it was
based on dubious science that could not accurately identify the cause of
repetitive motion injuries attributable to work.? The federal rule contained
restrictions that would prohibit doctors from providing information on
non-occupational causation of injury that would interfere with an employer's
ability to determine the compensability of a claim under California workers,
compensation law &arising out of and in the course of employment8.? Other
onerous provisions include:? Requiring employers to pay work restrictions
benefits that require a 90% or 100% replacement rate of an injured worker's
gross pay; and the continuation of employer provided fringe benefits for up
to 3 months in the case of a musculoskeletal disorder related to work.? The
federal rule would have carved out a completely different standard for
musculoskeletal disorders (injuries due to repetitive motion) with remedies
substantially more costly than other injuries under the workers, compensation
system.
CMTA is requesting that members send letters to the Standards Board or attend
the meeting to urge board members to reject the petition.? Write to:? John
MacLeod, Executive Officer, Cal-OSH Standards Board, 2520 Venture Oaks Way,
Suite 350, Sacramento, CA 95833.? If you plan to attend the meeting, the
address is 1350 Front Street, State Building Auditorium, San Diego,
California.? Please call Willie Washington at (916) 441 5420 if you have
questions.
?
?
www.cmta.net
California Manufacturers & Technology Association
980 9th Street, Suite 2200
Sacramento, CA? 95814
(916) 441-5420 phone
(916) 447-9401 fax
?
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{
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Thanks Justy!
Justin Boyd
10/13/2000 10:59 AM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject:
Dearest
Try Denis O'Connell or Paul Simons
Justinian
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[IMAGE] portal.erisk.com
What's New at ERisk.com - 11 January 2002
Weekly Review In this week's round-up of economic, banking and insurance industry news from an enterprise risk management perspective: Argentina devalues, and the banking sector counts the cost; the Enron plot thickens; Merrill Lynch cuts staff and takes a $2.2 billion restructuring charge; there's a change of management at American Re; California refuses to allow terror cover exclusions.
Analysis The prospects for the growth of alternative risk transfer (ART) have never been better, many insurance industry experts believe. And credit insurance , in turn, has been touted as potentially the fastest-growing area of ART. But will the rise in defaults and credit downgrades discourage reinsurers from writing new credit protection, or is credit insurance still a profitable business to be in?
Viewpoint Can psychological profiling be used to freeze criminals out of the banking system? The developers of new product Risk Values believe so, and in our current Q? they argue that focusing on the motivation of bank customers is an inherently better approach than traditional transaction monitoring. Still available: Our CRO Profile of Enrique Mejorada, head of risk control at energy firm Calpine.
Reflections on Risk As part of our review of 2001, we invited a group of bank risk managers to tell us about the major issues that concerned them last year. Read this special feature by ERisk's Duncan Wood, including contributions from risk managers at CSFB, Lloyds TSB, KeyCorp and CIBC.
Events Calendar Our featured event for January is IIR's Best Practice in Capital Allocation , a three-day conference that promises to cover capital from a strategic perspective, and features speakers from AON, Rabobank, Deutsche Bank and Merrill Lynch. Other events in January include conferences and seminars on modelling credit risk in emerging markets, weather risk, collateral management and operational risk. Plus, details of other risk management events taking place throughout 2002.
More than 18,000 risk professionals receive this email every week. To find out how your message could reach them, mail us at [email protected]
____________________________________ The ERisk Essentials is published every Friday by ERisk.com . To subscribe to this newsletter, please register on our website. To unsubscribe, access your account . Your username is the email address where you received this message. If you have forgotten your password, follow this link to reset it. For technical support queries, please email [email protected]
[IMAGE]
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{
"pile_set_name": "Enron Emails"
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Louis,
Attached you will find the historic prices for TETCO M3, HSC, and NYMEX FOM.
I doubled check the HSC prices and XMIM gives you a historic price for HSC
and a different one for Katy.
Santiago
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{
"pile_set_name": "Enron Emails"
}
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Molly, this is to confirm agreement from Sally Beck on the $15,000 signing
bonus as part of Suzanne Calcagno's offer. Sally suggested you contact David
Oxley as a formality.
Let me know if you have any questions, tks - Bob
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{
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Financials acknowledges. Georgi
From: Karen Lambert@ECT on 05/02/2001 08:28 AM
To: Lisa Lees/ENRON@enronXgate @ ENRON
cc: Tana Jones/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Stephanie
Sever/ENRON@enronXgate@ENRON, Anthony Campos/HOU/ECT@ECT, Georgi
Landau/NA/Enron@ENRON
Subject: Re: FW: Please Approve New Product Type: US Steel Hot Rolled Plate
Financial Swap (2069)
Global acknowledges.
From: Lisa Lees/ENRON@enronXgate on 05/01/2001 04:32 PM
To: Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly
Lombardi/NA/Enron@Enron
cc: Stephanie Sever/ENRON@enronXgate
Subject: FW: Please Approve New Product Type: US Steel Hot Rolled Plate
Financial Swap (2069)
Please acknowledge your agreement to the copying of profiles as shown
directly below. Please respond by 10:00 a.m. on Wednesday, May 2.
Thank you.
-----Original Message-----
From: Moran, Tom
Sent: Monday, April 30, 2001 2:15 PM
To: Lees, Lisa; Sever, Stephanie
Cc: Guidroz, Walter
Subject: FW: Please Approve New Product Type: US Steel Hot Rolled Plate
Financial Swap (2069)
Lisa / Stephanie,
Please copy the existing counterparty profile from US Steel Hot Rolled Fin
Swap and utilize it for this new product;
US Steel Hot Rolled Plate Fin Swap.
Regards,
tm
-----Original Message-----
From: Cass, Robert B.
Sent: Monday, April 30, 2001 1:19 PM
To: Taylor, Mark; Blumenthal, Jeff; Taylor, Mark; Musch, Susan; Gockerman,
Matthew F.; Hayden, Frank; Herod, Brenda F.; Moran, Tom; Hagelmann, Bjorn;
Roenz, Manfred
Cc: Lees, Lisa; Sever, Stephanie; Jones, Tana; Lambert, Karen; Sweitzer,
Tara; Kenne, Dawn C.; Moorer, Torrey; Meredith, Kevin; Lozano, Melba; Walker,
Chris; Alatorre, Carlos; Carter, Carl
Subject: Please Approve New Product Type: US Steel Hot Rolled Plate
Financial Swap (2069)
Please approve the following product type in Datamanager after 11:00 a.m.
See the steps for approval below.
US Steel Hot Rolled Plate Fin Swap
Website Short Description of Product Type: US HR Plate Swap ("US Steel
Hot Rolled Plate Fin Swap" - #2069)
Product Type:
A U.S. Hot Rolled Steel Plate financial Swap Transaction with Enron North
America Corp. under which the Seller pays a Floating Price and the Buyer pays
the price submitted by the Counterparty on the Website (the Fixed Price) in
each case in respect of the Notional Quantity per Determination Period. Each
calendar month during the Term of the Transaction will be a Determination
Period; provided that, if the Term of the Transaction is less than one
calendar month the Determination Period shall be the Term of the
Transaction. The Notional Quantity per Determination Period shall be the
volume submitted by the Counterparty via the Website. The Payment Date(s)
will be 5 business days after the Floating Price is determinable. The
Floating Price shall be the Index for the relevant Determination Period.
Reference Period:
The term of the Transaction shall be from the Effective Date to the
Termination Date. The Effective Date is _______and the Termination Date is
____________.
Product Additional Information (example):
The Index for a Determination Period shall be the average price for
"Domestic, Midwest Plate ($/net ton)" in the table "US Current & Forecast
Prices" under the current month's heading in the monthly issue of MBR (Metal
Bulletin Research) North American Steel Markets Monthly with the published
month the same as the Determination Period.
Currency:
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
Unit of Measure:
The unit of measure against which the price is quoted shall be net tons (2000
lbs) and the quantity shown shall be in net tons per month.
The financial GTC's are attached as follows:
STEPS FOR APPROVAL:
click the START button
select PROGRAMS
select TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE: Right mouse click on "Approved"
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Per your request, attached is the "BETA" Agreement. Mark also thought Bob
might want the Broker Fee Agreement.
----- Forwarded by Tana Jones/HOU/ECT on 12/20/2000 03:22 PM -----
Mark Taylor
12/20/2000 03:19 PM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: BETA
|
{
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I don't know if David Hunt will have comments. In any event, Marvin, Bob and
the MDEA rep needs to reveiw it.
Reagan has my current requests.
Kay
From: David Fairley/ENRON@enronXgate on 05/29/2001 11:05 AM
To: Kay Mann/Corp/Enron@Enron
cc: Reagan Rorschach/ENRON@enronXgate, Heather Kroll/ENRON@enronXgate, Edward
Sacks/ENRON@enronXgate, Tom May/ENRON@enronXgate, Kayne
Coulter/ENRON@enronXgate
Subject: RE: Extension letter
Kay -- Do you know if David H. is going to give you comments? If you haven't
heard for sure, one of us will call Marvin and find out/coordinate. Just
don't want to call if this has already been discussed with them.
Is there anything else at this stage that we can do to help your efforts on
the Extension or the main agreement?
Thanks -- David
-----Original Message-----
From: Mann, Kay
Sent: Tuesday, May 29, 2001 9:26 AM
To: Fairley, David
Cc: Rorschach, Reagan; Kroll, Heather; Sacks, Edward; May, Tom; Coulter, Kayne
Subject: RE: Extension letter
Sounds good if you would like to forward to counter parties.
I've sent a draft to their counsel all ready (D Hunt and Hemleben).
ckm
From: David Fairley/ENRON@enronXgate on 05/29/2001 09:10 AM
To: Kay Mann/Corp/Enron@Enron, Reagan Rorschach/ENRON@enronXgate, Heather
Kroll/ENRON@enronXgate
cc: Edward Sacks/ENRON@enronXgate, Tom May/ENRON@enronXgate, Kayne
Coulter/ENRON@enronXgate
Subject: RE: Extension letter
Kay -- Looks fine. Unless anyone else has changes, would it be possible to
send it out today? Thanks -- David
-----Original Message-----
From: Mann, Kay
Sent: Tuesday, May 29, 2001 8:00 AM
To: Rorschach, Reagan; Fairley, David; Kroll, Heather
Cc: Sacks, Edward; May, Tom; Coulter, Kayne
Subject: Extension letter
1st thing 1st. Here's a draft of the extension letter:
<< File: MDEA ILA extension May 29.doc >>
Kay
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{
"pile_set_name": "Enron Emails"
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Either the location, or the number of locations has changed on revision number 9. The hedge associated with this deal needs to be re-evaluated.
|
{
"pile_set_name": "Enron Emails"
}
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When you here from Hope, please let me know what she says about Greg's house
and get the address and I'll print out the MapQuest.
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{
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}
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I'm going to leave Sheila a message and let her know about the meeting.
Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/01/2000 01:16
PM ---------------------------
Enron North America Corp.
From: Megan Angelos 12/01/2000 01:14 PM
To: Joseph Deffner/HOU/ECT@ECT, Lisa Bills/Corp/Enron@ENRON, Roseann
Engeldorf/Corp/Enron@ENRON, Sheila Tweed/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, [email protected],
[email protected]
cc:
Subject: Turbo Park Internal Closing Checklist/Due Diligence Meeting
Please note the following for your calendar:
Date: Monday, December 4, 2000
Time: 3:30 pm - 5:00 pm
Location: EB20C1
Attendees: Joe Deffner
Lisa Bills
Rose Engeldorf
Sheila Tweed
Travis McCullough
Kay Mann
Mike McKay - calling in
Rob Taylor - calling in
Dial in number for call: 877-288-4427
Host Code: 324920 ( Lisa ONLY!)
Participant code: 528582
If you have any questions, please call me at 713-853-0420.
Thanks!
Megan
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}
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yeah i mentioned that you are looking to rotate. i would give him a call
Bryan Hull
04/03/2001 09:59 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject:
Did you ever ask Tom if was looking for an analyst?
|
{
"pile_set_name": "Enron Emails"
}
|
Please see below request for Master.
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
[email protected]
Phone 713-853-7658
Fax 713-646-3490
----- Forwarded by Debra Perlingiere/HOU/ECT on 04/06/2001 05:35 PM -----
"Foy, Donna A(Z35867)" <[email protected]>
04/03/2001 06:04 PM
To: "'[email protected]'" <[email protected]>
cc:
Subject: Request for Master Natural Gas Agreement
As I mentioned on the phone, our Traders (Tom Carlson and Theresa Cline) and
our management have requested a Master Agreement for the purchase & sale of
Natural Gas (presumably for firm sales) between Enron and Pinnacle West
Capital Corporation, Arizona Public Service's parent company. As I further
mentioned, our hope is to have this Agreement in place by next week because
our respective traders are poised to start trading under it.
I have attached PinWest's Company Information Sheet which provides certain
background and contact information.
Please email the draft Agreement as soon as possible to our Contract Manager
([email protected]). Please contact either Miki (602/250-3427)
or me if you have any questions. Thank you.
Donna A. Foy
Senior Contract Administrator
APS Bulk Power Contract Administration
(602) 250-3572
{[email protected]}
<<pwcc info sheet.ppt>>
- pwcc info sheet.ppt
|
{
"pile_set_name": "Enron Emails"
}
|
I attach for your review a Word copy of the Agency Agreement, revised in
light of the comments we discussed last week. The changes from the version
emailed to you a while back can be viewed and printed by turning on the Track
Changes feature in your Tools menu.
I look forward to discussing this with you at your convenience. DT
- #1127382 v12 - NEW AGENCY AGREEMENT.doc
|
{
"pile_set_name": "Enron Emails"
}
|
I would like Bill Bradford there unless someone is trying to llimit
headcount. Rick
|
{
"pile_set_name": "Enron Emails"
}
|
Not with the change but since in this case the limit is a BOD limit I would want to give myself some discretion between an allocation to PGE and the limit the BOD sets.
I'm not so sure that this level of VaR isn't a little high for essentially a non trading entity. Suggest we keep our eye on it.
DP
-----Original Message-----
From: Buy, Rick
Sent: Wednesday, September 05, 2001 3:09 PM
To: Port, David
Subject: FW: PGE Trading Limits
Any issues? Rick
-----Original Message-----
From: Jim Lobdell [mailto:[email protected]]
Sent: Monday, August 27, 2001 10:32 AM
To: Buy, Rick
Cc: Kristin Stathis
Subject: PGE Trading Limits
Rick,
I have spent some time reviewing the allocation of PGE's VaR and net open position (NOP) trading limits and would like to make the following changes to better match the limits and their objectives to PGE's trading activity and portfolio. I have discussed these changes with Rod Hayslett and he has concurred with my proposal. I have also reviewed them with Vlady .
1. VaR: Given that PGE is a naturally short utility and does not hedge its long-dated gas position for regulatory, liquidity and market view reasons, I propose that PGE reallocate $500k of its regulated electric VaR to its regulated natural gas VaR bring the gas VaR up to $2.5MM and reducing the electric VaR to $7.5mm. This change is necessary to account for the size of PGE's natural short position in the back-end of its reporting period. After reducing PGE's electric VaR it will still have sufficient capacity to manage the regulated electric portfolio.
2. NOP: After changing PGE's regulated gas VaR to $2.5MM it will be necessary to change the corresponding net open position. Currently PGE has been using a 10 Bcf limit for its NOP and Maturity Gap. Using a $2.5MM VaR I've recalculated the corresponding NOP/Maturity limit to be approximately 17 Bcf.
If you agree with these changes please let me know. If you have any questions please contact me at (503) 464-2723.
Thanks.
Jim Lobdell
Vice President
Risk Management, Reporting, Controls & Credit
Portland General Electric
(503) 464-2723
|
{
"pile_set_name": "Enron Emails"
}
|
---------------------- Forwarded by Gary W Lamphier/HOU/ECT on 06/28/2000
08:25 AM ---------------------------
"Shankster JL (Luther)" <[email protected]> on 06/28/2000 08:10:50 AM
To: "'Lamphier, Gary'" <[email protected]>
cc: "Buller, Thomas" <[email protected]>, "Carter, John"
<[email protected]>, "Ricks, Ruth" <[email protected]>,
[email protected], [email protected]
Subject: July Nominations at Shell Deer Park
> Gary,
>
> July 2000 nominations for gas delivery to Shell Deer Park are as follows:
>
> Firm Baseload - 105,000 MMBtu/d
> Spot Swing supply - 0 (zero)
>
> Delivery of the above contract quantities is expected to be as follows:
>
> HPL-HP HPL-E HPL-S
> Firm 40,000 MMBtu/d 35,000 MMBtu/d 30,000 MMBtu/d
>
> Please let me know if you have any questions.
>
> J. Luther Shankster
>
> Energy & Utilities Planning
> Phone: 713/241-4851
> Fax: 713/241-4599
E-Mail: [email protected]
Home Page: http://rsweb
|
{
"pile_set_name": "Enron Emails"
}
|
good news everyone! looks like denver is gonna get steve young. pencil us
in for the superbowl. i think that would make us a dynasty.
|
{
"pile_set_name": "Enron Emails"
}
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Mark:
I understand you are out of town until the 13th. Amy and I separated and I
will now need to move in to a cheaper apartment. Taffy told me to send you
an e-mail. So I just wanted to give you 30 days notice.
You can reach me at:
713-529-5454 or
713-417-3909
Ted
|
{
"pile_set_name": "Enron Emails"
}
|
Sorry, I do not know Bob Williams. I do not think we are looking for help
on our floor. How are things with you?
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
[email protected]
Phone 713-853-7658
Fax 713-646-3490
|
{
"pile_set_name": "Enron Emails"
}
|
Can we overnight them? and are you sending them to Art?
-----Original Message-----
From: Nemec, Gerald
Sent: Monday, November 26, 2001 11:45 AM
To: Ward, Kim S (Houston)
Subject: RE:
Last week was crazy. Sorry about this. I will send them out today.
-----Original Message-----
From: Ward, Kim S (Houston)
Sent: Monday, November 26, 2001 10:28 AM
To: Nemec, Gerald
Subject: RE:
Gerald,
Have we sent or received these executed contracts?
kim
-----Original Message-----
From: Nemec, Gerald
Sent: Friday, November 16, 2001 8:41 AM
To: '"Avalos, Art" <[email protected]>@ENRON'
Cc: Fuller, Dave; Ward, Kim S (Houston)
Subject: RE:
I am fine with the language. We will prepare executables.
-----Original Message-----
From: "Avalos, Art" <[email protected]>@ENRON
Sent: Thursday, November 15, 2001 3:20 PM
To: Nemec, Gerald
Subject: RE:
Gerald, I spoke with our lawyer Robert Clark and the following
is his additions to your language. Please let me know if it
is acceptable. If so, please prepare executables and forward
for signatures.
Thanks Art Avalos
"Notwithstanding anything to the contrary contained herein, this Section
4.4 shall only allow for offset, set off, or recoupment between Company
and Customer, but not between Company and Customer's PNM Gas Services division."
-----Original Message-----
From: Nemec, Gerald [mailto:[email protected] << File: mailto:[email protected] >> ]
Sent: Wednesday, November 14, 2001 4:19 PM
To: [email protected]
Cc: Perlingiere, Debra; Fuller, Dave; Ward, Kim S (Houston)
Subject:
Art, Per our phone conversation, attached is the revised language for
Section 4.4 of the Master Firm Agreement. Please review and if
acceptable, we will prepare executables and forward for signature.
"Notwithstanding anything to the contrary contained herein, this Section
4.4 shall only allow for offset, set off, or recoupment between Company
and Customer, excluding Customer's PNM Gas Services division."
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at [email protected] and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************
|
{
"pile_set_name": "Enron Emails"
}
|
Please shut down the above counterparty from trading all financial products.
They are no longer an ESP.
|
{
"pile_set_name": "Enron Emails"
}
|
Good idea. Unfortunately, I'll be sitting in an office in S.D. with Sempra
execs. My apologies. But since this is likely to be ongoing, preference
would be to participate in the "first" meeting.
Lara Leibman
10/20/2000 11:14 AM
To: Jeff Dasovich/NA/Enron@Enron
cc: Sue Nord/NA/Enron@Enron, Donald Lassere/Enron Communications@Enron
Communications
Subject: Re: Tax, Legal, Regulatory and Accounting Meeting
Jeff,
Could you possibly call in? We could arrange for a dial-in number in that
case. I know that we arranged that date with tax bc/Sue is coming in that
day and they had cleared that date with some of the accounting or legal folks
already. Please let me know. Thanks.
Lara
Jeff Dasovich
Sent by: Jeff Dasovich
10/20/2000 10:05 AM
To: Lara Leibman/NA/Enron@Enron
cc: Donald Lassere/Enron Communications@Enron Communications, Mike
Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Nord/NA/Enron@ENRON
Subject: Re: Tax, Legal, Regulatory and Accounting Meeting
Lara:
I would very much like to attend but have a meeting scheduled that day with
Chris Calger (ENA) and the CEO and CFO of Sempra Energy (we're trying to do a
deal with them). That's a date that I can't change. I can meet on Nov.
3rd, or Nov. 7-9. Hope it's possible to re-arrange
Best,
Jeff
Lara Leibman
10/20/2000 07:41 AM
To: Jeff Dasovich/NA/Enron@Enron, Mike
Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Sue Nord/NA/Enron@Enron, Donald Lassere/Enron Communications@Enron
Communications
Subject: Tax, Legal, Regulatory and Accounting Meeting
Jeff and Mike,
Our first meeting has been scheduled to take place on November 2nd. The
meeting will probably last half a day and will begin around 1pm. Please let
me if you plan to attend. Thanks and have a great weekend.
Regards,
Lara
|
{
"pile_set_name": "Enron Emails"
}
|
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 11/04/2000 06:07
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <[email protected]>
11/03/2000 11:12 AM
To: undisclosed-recipients:;
cc:
Subject: DJ POWER POINTS: Say Goodbye To Price Caps If Bush Wins
19:00 GMT 3 November 2000 =DJ POWER POINTS: Say Goodbye To Price Caps If
Bush Wins
By Mark Golden
A Dow Jones Newswires Column
NEW YORK (Dow Jones)--Commissioner Curt L. Hebert's remarks on the
California power market this week offer a glimpse of how the Federal Energy
Regulatory Commission may rule in the event George W. Bush is elected
president: more aggressive pursuit of deregulation, an end to electricity
price caps, less concern for the environment, and an end to protecting
utilities from their own bad business decisions.
Immediately and without Congressional approval, the new president gets to
appoint a new chairman of the FERC. Bush hasn't said whom he would choose as
FERC chairman, and that, of course, won't be one of the first decisions he
makes if elected.
But Hebert has consulted with the Republican nominee on electricity
deregulation and FERC insiders say it is likely Hebert will be asked.
Also, if voters elect Bush on Tuesday, the majority of FERC commissioners
could be Republicans by the end of 2001 at the latest. The spot vacated by
Commissioner Vicky Bailey earlier this year still needs to be filled. That
position will go to a Republican regardless of whether Bush or Vice
President Al Gore triumphs Tuesday because neither party can have more than
three members on the five-member commission. There are already three
Democrats: Chairman James J. Hoecker and commissioners William Massey and
Linda Breathitt.
Hoecker's term expired June 30 this year, but he was appointed to continue
serving on an interim basis until the current Congress adjourns. President
Clinton is expected to make a recess appointment of Hoecker after the
Congress finalizes the budget and adjourns sometime after the election. The
recess appointment - and thus a Democratic majority at the FERC - would run
through the end of the 2001 congressional session.
If Bush wins and Clinton doesn't make a recess appointment, Bush would be
able to appoint two commissioners immediately, though all appointments must
be approved by Congress, and the Republicans would have a majority at the
FERC.
In the meantime, Hebert as chairman could still set the tone of the
commission's rulings even as a member of the minority party on the
commission. Regular commissioners have just a few staffers each, while the
rest of the FERC reports to the chairman. The staff initiates proposed
orders, and the other commissioners vote in response. Hoecker, for example,
initiated last year's aggressive order for the establishment of independent
regional transmission organizations, and then got other commissioners to
support it.
In addition, the chairman controls the FERC budget. It's one thing to issue
an order and another to get the money necessary to enforce it.
So, how would the FERC rule under Hebert? He's been clear in his frequent
dissents from rulings the past three years.
"If it were up to me, today's order would be much, much different," Hebert
said Wednesday on California, even though he voted in favor of the order.
"Now is not the time for timidity."
Hebert is against the $150 a megawatt-hour "soft" price cap for California,
and he's voted against every price cap previously. "I find the concept of
'price mitigation' an offensive one," he wrote Wednesday. "There is a direct
correlation between lower price caps and higher consumer prices."
In his oral comments, Hebert noted that "price controls didn't work for the
Nixon administration, or the Carter administration, and they aren't working
for the Clinton-Gore administration."
Existing price caps, if Hebert got his way, would be escalated by $250 or
$500 every six months or so until they became irrelevant. A rapidly
escalating cap would propel market participants to take the necessary
actions to increase supplies and reduce peak demand.
The FERC didn't order independent generators to pay refunds for high-priced
summer power to California's consumers and utilities because they didn't
find evidence of collusion by generators. They left open the possibility of
ordering refunds if such evidence comes to light.
Hebert, on the other hand, said the FERC had no legal authority to order
refunds from this summer, and that the possibility of refunds in the future
introduces more damaging uncertainty into California's power industry.
He said he regretted that he couldn't order refunds and thus become the most
popular person in San Diego, but if you read between the lines, he clearly
thinks that PG&E Corp. (PCG) and Edison International (EIX) should have to
pay the multi-billion dollar bill for their own "inattentiveness," as he
calls it.
Hebert applauded letting California's utilities out from under the state-run
markets and eliminating the single-price auction - or market-clearing price
mechanism.
He also scolded California environmentalists in his spoken comments
Wednesday, though not in his written brief. When he told California
regulators that new power plants were being approved in Illinois six months
after applications were made, Hebert said he was told: "Well, this isn't
Illinois."
"I understand the environmental concerns, but to say you're not Illinois,
and that's not how we do things here because of the environment, isn't going
to get the job done," Hebert said.
"If the people of California don't understand that something needs to be
done yesterday about getting new power plants built, somebody's not telling
them the truth."
In the end, however, Hebert conceded that the FERC has little authority to
dictate to states how to run their procedures for permitting new power
plants, and the FERC has little influence on environmental policy.
Little has been said on whom Bush might appoint as head of the Environmental
Protection Administration, but the word in Houston - for what that's worth -
is that Enron Corp. (ENE) Chairman Kenneth Lay could well become secretary
of the Energy Department if Bush is elected.
While Bush and Gore both advocate deregulation of the electric utility
industry, the Democrats on the FERC have, in fact, been very reluctant to
trust free markets and force utilities to open up the grid. In general,
Bush's response to the country's energy crisis is to increase supply, while
Gore would cut demand through new energy technologies and resist increased
use of fossil fuels.
The FERC, EPA and DOE under a Bush administration would be a very different
world for the electricity industry. Tune in Tuesday.
-By Mark Golden, Dow Jones Newswires; 201-938-4604; [email protected]
(END) Dow Jones Newswires 03-11-00
1900GMT Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
<<Gunther Pergher (E-mail).vcf>>
- Gunther Pergher (E-mail).vcf
|
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If you are looking to feed and challenge your faith, visit
Crosswalk.com's Spiritual Life Channel at:
http://spiritual.crosswalk.com
-----------
T O D A Y G O D I S F I R S T
Marketplace Meditations
by Os Hillman
Seeing the Works of God
Others went out on the sea in ships; they were merchants on the
mighty waters. They saw the works of the Lord....
- (Psalms 107:23-24)
When you were a child, perhaps you may have gone to the ocean for
a vacation. I recall wading out until the waves began crashing on
my knees. As long as I could stand firm, the waves were of no
concern to me. However, as I moved farther and farther into the
ocean, I had less control over my ability to stand. Sometimes the
current was so strong it moved me down the beach, and I even lost
my bearings at times. But I have never gone so far into the ocean
that I was not able to control the situation.
Sometimes God takes us into such deep waters that we lose control
of the situation, and we have no choice but to fully trust in His
care for us. This is doing business in great waters. It is in
these great waters that we see the works of God.
The Scriptures tell us that the disciples testified of what they
saw and heard. It was the power behind the gospel, not the words
themselves, that changed the world. The power wasn't seen until
circumstances got to the point that there were no alternatives
but God. Sometimes God has to take us into the deep water in
order to give us the privilege to see His works.
Sometimes God takes us into the deep waters of life for an
extended time. Joseph was taken into deep waters of adversity for
17 years. Rejection by his brothers, enslavement to Pharaoh, and
imprisonment were the deep waters for Joseph. During those deep
waters, he experienced dreams, a special anointing of his gifts
to administrate, and great wisdom beyond his years. The deep
water was preparation for a task that was so great he never could
have imagined it. He was to see God's works more clearly than
anyone in his generation. God had too much at stake for a
30-year-old to mess it up. So, God took Joseph through the deep
waters of preparation to ensure that he would survive what he was
about to face. Pride normally engulfs such young servants who
have such access to power at such a young age.
If God chooses to take us into deep waters, it is for a reason.
The greater the calling, the deeper the water. Trust in His
knowledge that your deep waters are preparation to see the works
of God in your life.
Published and distributed by Crosswalk.com, this daily devotional is
written by Os Hillman ([email protected]). Os is president of
Marketplace Leaders, an Atlanta based ministry teaching Biblical
principles for career and business success. He offers a FREE newsletter
and other resources at:
http://www.marketplaceleaders.org
Order "TGIF: Today God I s First" - 365 daily meditations to motivate
and inspire for $17 for TGIF subscribers. Click here to order:
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____________________________________________________________
|
{
"pile_set_name": "Enron Emails"
}
|
I would like to continue to receive an email in the morning when there is a violation. I will make every effort to get this out by noon from now on. Also, in case I am not here, I would suggest that you include the regional controllers on the emails if possible. I appreciate your help.
Thanks,
Jeff
-----Original Message-----
From: Wilson, Shona
Sent: Thursday, September 27, 2001 8:52 AM
To: Gossett, Jeffrey C.
Cc: Hall, Bob M; Apollo, Beth; Abel, Chris; Thibodeaux, Kenneth
Subject: RE: Net Open Position Violation
Thanks - in answer to your question, most groups actually get us position explanations by the start of business the next day (and that is our expectation of them). P&L explanations are received usually by 11 (unless they have trouble finalizing their P&L). I know it is a bit more difficult for ENA as you have to coordinate with Canada. We need to work together to determine what the optimal process should be. Factors to consider:
Do you know the ENA violations/notifications without us telling you or do you need us to give you the total ENA numbers (inclusive of Canada)? My guess is that you know the position info from the benchmarks, but not the P&L.
Position violations - What is a reasonable time frame for us to expect you to give us the explanations (considering you have to coordinate with Canada who is 1 hr behind)?
Var violations - What is a reasonable time frame for us to expect you to give us the explanations (considering you have to coordinate with Canada who is 1 hr behind)?
Notifications - What is a reasonable time frame for us to expect you to give us the explanations (considering you have to coordinate with Canada who is 1 hr behind)?
Considering the above, would requiring information by noon for ENA be reasonable?
Regards,
Shona
-----Original Message-----
From: Gossett, Jeffrey C.
Sent: Thursday, September 27, 2001 7:23 AM
To: Wilson, Shona
Cc: Hall, Bob M; Apollo, Beth; Abel, Chris; Thibodeaux, Kenneth
Subject: FW: Net Open Position Violation
This is what I sent Kenneth yesterday. I have a read receipt of 3:43. Not sure how he did not get it. This is bidweek and quarter end, so if you expect them by a certain time someone needs to communicate that.
Thanks
-----Original Message-----
From: Gossett, Jeffrey C.
Sent: Wednesday, September 26, 2001 3:40 PM
To: Thibodeaux, Kenneth
Subject: RE: Net Open Position Violation
Largely driven by fixed price (200) Bcf in the prompt month which rolls off today. Also, (168) Bcf for winter 2001-2002. And (189) Summer 2002.
Thanks
-----Original Message-----
From: Thibodeaux, Kenneth
Sent: Wednesday, September 26, 2001 8:36 AM
To: Gossett, Jeffrey C.
Subject: Net Open Position Violation
Please provide an explanation for the violation memo for the following net open position breach.
9/25 Net Open Position: (536.26 Bcf)
Limit : (500 Bcf)
Thanks
|
{
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|
Start Date: 12/20/01; HourAhead hour: 10; No ancillary schedules awarded. No variances detected.
LOG MESSAGES:
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122010.txt
|
{
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|
I just read an article on the Blomberg news service that says that there are now six bidders and it is expected to go on into the night. Each bidder is in a separate conference rooms and the lawyers are going from room to room to get the latest bid and provide updates as to what the best bid amount and structure is. Sounds wild.
Tom
|
{
"pile_set_name": "Enron Emails"
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|
I am very pleased to announce the following promotions that became effective
February 1, 2001.
Steve Montovano - Sr. Director to Vice President: Steve, as regional head for
the Eastern Seaboard area, has developed a very effective team that has
brought a very commercially focused approach to their efforts in that region.
Steve and his team have developed a model approach to transactional support
and origination that has made them an integral part of the commercial teams
that work in his region. Steve's efforts have been recognized by all,
particularly his commercial counterparts in the region.
Jeff Dasovich - Director to Sr. Director: As part of the Western States team,
Jeff has helped to coordinate Enron's actions in response to California's
energy crisis. Throughout this crisis he has worked closely with Enron
Energy Services, Enron North America and senior management of the company in
a way that fully reflects Enron's core values. He has provided and continues
to provide leadership on complex issues involving business and litigation
risk. Jeff has also provided tremendous value to the business units on a
number of transactions arising from the crisis.
Lisa Yoho - Director to Sr. Director: Lisa has been a valuable member of the
Eastern Seaboard team and , more recently has assumed responsibility for
Enron Global Markets and Enron Networks. Lisa has been an integral team
member in trying to establish a market for secondary rail transportation
capacity and in helping to launch the company's efforts into the
agricultural commodity business. In these and many other efforts in which
Lisa has been involved, Lisa has consistently demonstrated substantive
leadership and excellence.
Donna Fulton - Manager to Director: Donna joined Governmental Affairs this
past summer, and has made excellent contributions to our RTO efforts, the
sale of Portland General, and various commercial endeavors ranging from gas
matters to licensing of a hydroelectric project in California. Her extensive
experience before the Federal Energy Regulatory Commission has proven
invaluable to the Office.
Lara Leibman - Manager to Director: Lara consistently has produced very
high quality work across a number of industries and issues. Most recently,
she has developed both regulatory and technical knowledge on issues related
to developing a secondary market for wireless spectrum. This has enabled her
to provide a valuable leadership role while working closely with her
commercial counterparts in this and other areas.
Charles Yeung - Manger to Director: Charles has been a key player in
promoting changes to North American Electric Reliability Council (NERC)
operating policies that affect the East Trading Desk. His understanding of
the NERC policies and leadership role in NERC committees and working groups
has been essential to successfully advocating meeting the needs of Enron.
Allison Navin - Legislative Coordinator to Manager. Allison has been
responsible for the research and tracking of key issues and legislation in
the Washington, DC office as well as coordinating briefing and informational
materials and has done an outstanding job in the execution of all of her
resposibilities. In her new role, Allison will be an integral member of the
federal advocacy team, working on a number of legislative and regulatory
issues that will include broadband and e-commerce.
Ginger Dernehl - Executive Secretary to Administrative Coordinator: Ginger
has done an outstanding job in supporting and coordinating efforts for the
Government Affairs-The Americas group for the past 4 years. Her dedication
and hard work have resulted in her success and her promotion to
Administrative Coordinator. A special personal note on Ginger. Ginger, in my
mind, exemplifies and embodies the best of Enron's vision and values: She
works hard, produces outstanding results for the group, posesses an attitude
that is optimistic and fun-loving, and still does an extraordinary job of
balancing the personal and professional. Ginger, to put it succinctly, is a
treasure and I am very pleased and proud to recognize her accomplishments.
Joseph Alamo - Administrative Assistant II to Sr. Administrative Assistant:
Joseph has been with San Francisco office for 1 1/2 years, during which time
he has supported as many as five members of the Government Affairs teams.
Joseph is uniformly recognized for his willingness to take on difficult tasks
and his dedication to the company's efforts. We thank Joseph for his work on
behalf of Government Affairs and congratulate him on his promotion.
Please join me in congratulating each of these individuals that have all
made significant contributions to this company's success. I have also
attached an updated organizational chart.
|
{
"pile_set_name": "Enron Emails"
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I will send the fax to you right now. Thanks!
Ben
|
{
"pile_set_name": "Enron Emails"
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The Friday Burrito
" To succeed in politics, it is often necessary to rise above your
principles"
This is the last Burrito for the Year 2000.? I, like you, need some time off,
although I doubt that will happen.? Just take a quick look at the events of
the last three weeks.? Can you believe what we have been through?? From FERC
Orders, to emergency filings, to on-again, suspended, and then on-again rate
stabilization filings, data subpoenas, credit crunch, and don't forget some
wickedly high price spikes.
I have been unhappy with the public image our industry portrays.? I feel
there needs to be a stronger, more effective group public relations media
blitz that has yet to materialize.? I asked one journalist with whom I have
had several interviews, "When you write a column, who is your audience?"? She
said she writes as if she was explaining the matter to her mother.? It's an
old journalist's trick.
Amazed at the answer, I decided to call my mother, and ask her what she
thought about the whole electric situation.? After all, she qualifies as a
typical fixed-income California resident living in a retirement community in
Laguna Hills.? "Mom," I asked, "what do you make of the whole situation?"?
"Oh, I am disgusted," she chirped, "with that Supreme Court ruling.? That's
no democracy."? "No, not that situation, Mom," I said to calm her down, "but
the electricity restructuring thing." "Well," she sighed, "everyone is
worried about their electric bills.? How much are they going up? And, why
haven't you called me more often?? I could have died, and my children would
be the last to know?"? Every tag line has a message.
So there it is.? If you want a simple view that people understand, then there
it is.? People are worried about their electric bill.? The reasons for the
increase are of less concern, than how much their bills may go up.? All the
blather about forward contracts, alleged gouging, Stage 3 emergencies,
governance, jurisdiction, and FERC Orders is not on the minds of ordinary
California citizens.? They want to know how much more they are going to have
to pay.? And they are worried.
Focus, then, on how we, as an industry, will help.? We want to hold down
consumer electric bills in three different ways: by adding new generation, by
giving people more choice as to their energy provider, and by assuring there
is always a provider of last resort to keep the lights on.? From these three
simple principles, all else flows.? Give me some feedback, and let's see if
we can simply the message even more.? Less is more.
This week's holiday grab bag should be big enough to feed any appetite.
Things in the People's Republic of California
?@@@ Fellow Travelers on the Peace Train
?@@@ SCE's Bryson Rattles the Restructuring Cage
?@@@ Rate Relief Reviewed, Again
Things FERC and Federal
?@@@ Secretary Richardson Serves Smashed Salmon Pate
?@@@ WPTF Supports PX Emergency Filing
Mailbag
Odds and Ends (_!_)
?@@@ WPTF General Meeting Set for February 8 and 9 in Scottsdale, Az.
?@@@ Have a Smile
?@@@ The Toughest Interview Ever
====================================
Things in the People's Republic of California
?@@@ Fellow Travelers on the Peace Train
I want you folks throughout the Western Region to know that you have a
protector. Someone is watching out for your interests, and concerns.? His
name, amigos, is Senator Steve Peace.? Our Herr Peace wrote to FERC
Commissioner Hoecker on December 11 a letter that is suitable for plastic
covered place mats at your dining table,? You can guess why.? He heard about
the $5,000/MWH prices quoted for Mid-C on Monday.? He wrote:
? "Today, the LA Time reported that Kaiser Aluminum Corp., the second-largest
US aluminum maker, said it will shut its smelter in Mead, Wash., for about 10
months and lay off about 400 employees.? Kaiser said it had resold the
electricity it was to received this month from the BPA, netting proceeds of
$52 million, or nearly nine times the $5.9 million that the company has
earned so far this year."
I read this passage to the WPTF Board at our meeting in Phoenix.? Kent
Wheatland said, "That's the finest example of demand response I have ever
heard."? Indeed, Kent hit the nail on the head.? Why is the Peace-meister
decrying the very thing that we have been begging for?? The so-called
inelastic demand curve for electricity just got less steep.? But, never mind
that, read the next paragraph of Peace's letter.
? "It is clear that neither the prospect of post-October refunds ordered
under Section 206 ( will be adequate to discipline marketers' behavior.?
Marketers know full well that FERC simply doesn't have the resources to
police this wholesale market and that the odds are that they can act with
impunity.? Moreover, they know they have a fellow traveler in your colleague
Commissioner Hebert who sees the prospect of the lights going out in
California as a "vindication" of his positions on price caps rather than as
the public disaster such an event would be."Fellow traveler!?!? I didn't know
they let commies on the FERC.? All aboard on the Peace train.? I explained to
the WPTF Board that every passenger on the Peace Train would receive a
complimentary fellow-traveler luggage set with matching red-herring leather.?
In the luggage will be free gifts, essential for any fellow traveler such as
a "price cap" with earflaps, nose guard, and blinders to cover the eyes.? The
hear no evil, smell no evil, see no evil price cap is excellent for
California regulators who repeatedly request these odious price caps as the
blunt instrument of choice.? Caps come in a choice of hard metal, or soft
wool.
Another item in the fellow traveler goodie bag will be Peace's latest best
selling book, "How to win friends and influence policy makers," Devil Press,
348 pgs.? Along with the book and the cap, fellow travelers will find trading
beads suitable for exchange with natives of the Pacific Northwest. Give these
beads to power marketers as wampum for power imports into California.? What
fun, and they won't know the difference.? The full faith and credit of the
ISO control room college-bowl football pool back bead trading values.? This
year's pot is at an all-time high of $36.
Finally, the other freebee items in the travel kit include a signed copy of
Adam Smith's Communist Manifesto, a water-proof electric razor (I'm
especially keen for that), and the AB1890 Restructuring Map showing by color
code the jurisdictional boundaries of the different regulatory agencies.?
Yellow is reserved for the State of California, and it covers the entire
lower 48, the Province of British Columbia, and Cleveland, Ohio.
Things in the People's Republic of California
?@@@ SCE's Bryson Rattles the Restructuring Cage
Not to be outdone by Herr Peace, SCE (Sufferin' Chutzpah Edison) issued a
press release by its CEO, John Bryson, calling for dramatic reform of the
California electricity market.? I know this will shock you, but, now that SCE
has recovered most, but not all, of its stranded costs, they want to reverse
the engine of progress, and "re-regulate California's electric system."?
Guess how?? By allowing utilities to "once again be charged with the
responsibility to plan for, acquire and assure sufficient power to meet the
state's needs without the threat of interruption."? By charging cost-based
rates.? By protecting customers.? Hallelujah.
Let's talk about a few things, here.? First, let's discuss the credit issue
that is plaguing the Pacific Northwest power producers who are increasingly
unwilling to sell supplemental energy into California.? The last I checked,
most PNW producers paid their counterparties on a 30-day basis, but receive
the cash from ISO about 100 days after the trade day.? The PNW producers must
cover their "owed" position by borrowing funds, and at the prices posted in
the last two weeks, the credit limit has been reached.? Where is the security
for the payment?? It lies not with the ISO, but with the utilities who are
the major customers.? Therefore, if the utilities undercollect because frozen
rates are below wholesale prices, then the utilities accumulate a debt.? If
the debt continues unabated, then the credit rating companies downgrade the
UDC ratings.? That has occurred several times in the last few months.? If the
utilities claim bankruptcy, or refuse to pay the PX, then the PX can't pay
the ISO, the ISO can't pay the sellers, and the PNW sellers are kaput.
This is my long-winded way of saying that two entities still hold all the
cards, at least for now, in the region: SCE, and me-too PG&E.? They have the
leverage to bring the whole system to its knees.? Hark, recall that WPTF has
continually called for a breakup of the UDCs' default customer base for this
very reason.? We argued that two dominant buyers could extract monopsony
rents from sellers.? And here it is, big time.
What does Bryson have to lose by rattling the cage?? Nothing.? In fact, it is
so delicious to watch, for the umpteenth time, SCE exercise brute force when
they have an advantage.? You must respect that.? The golden rule aptly
applies.? Those who have the gold, make the rules.
Another aspect of Bryson's gambit is that he is playing a trump card on his
buddy, the Governor, who as of last week, through the PUC, suspended the
requests of Edison and PG&E for rate increases starting next January.? Davis
has painted himself into a corner, and is no match for the cunning of the
Sufferin' Chutzpah gang.? I predicted that Davis would stumble and fall on
electricity matters.? I didn't expect it to happen so soon.
Do you think the public will buy Bryson's argument?? To tell you the truth,
I'm not sure.
Things in the People's Republic of California
?@@@ Rate Relief Reviewed, Again
Well, in a complete reversal, the CPUC put back on the docket list the rate
stabilization plans for PG&E and Edison.? Last week, President Lynch
suspended both companies' applications, denying them the right to raise rates
subject to refund.? Now, this week, Lynch allowed for the rate stabilization
applications to be re-opened, and duly considered.
Next Tuesday I will be on the local San Francisco station, KQED (88.5 FM) to
debate the merits of electric competition with the likes of Lynch, and TURN's
Netie Hogue.? I did this last September on the same one-hour call-in show
that begins at 9 a.m..? I didn't know it was a call-in show until the callers
started firing crazy questions at the panelists.? If you are in the area,
then listen in, and better yet, call in.? Ask Ms. Lynch a few questions, will
you?
I listened to a taped interview Ms. Lynch did on another local station, KCBS
that aired last Sunday.? Here are some of her more memorable quotes:
? "There is plenty of power in California.? There is no shortage.? It is just
not being managed properly on a day to day basis. There are power plants that
should be available right now, but are not running."
"The State of California has 41,000 MW of power available at any hour."
"Plant unavailability is an artificial issue.? There is plenty [of power] if
they [power plants] run."
"The PUC is trying to figure out what is wrong.? The plant owners only give
the ISO one-word explanations such as 'boiler', or 'fire'.? We are sending
our inspection team in to better understand the problems."
"I won't speculate [as to price manipulation] but last summer we saw very
suspicious bids and offers."
"More power plants have been approved during the first two years of the Davis
administration than in all the years of the Wilson administration."
"This week the State stepped in to save the system by turning off lights and
computers."
"The ISO is governed by a board made up of individuals from the utilities and
the power sellers.? There is one consumer representative, and one
environmental representative."
"The San Diego economy couldn't stand the price volatility of last summer."
"The [former Governor Pete] Wilson administration created the wholesale power
market."
"The market design of the PX is counterintuitive.? It takes the highest price
bid and pays it to everyone.? So if you offer $50/MWH for a 100 MW, and
another person offers $100 for a 100 MW, then both parties get $100."
Things FERC and Federal
?@@@ Secretary Richardson Serves Smashed Salmon Pate
Mr. Richardson is the U.S. Secretary of Energy.? Most people don't know him,
nor have ever heard of him.? Last Wednesday, with only four weeks left in his
job, he decided to take a bold step.? He did something.? Richardson invoked a
rarely used authority in the Federal Power Act to require out-of-state
generators and marketers to sell into California upon demand.? The Section of
the statute cited had not been invoked since World War II.? If it was good
enough then, then it is good enough now.
Richardson also ordered BPA and WAPA to ship as much power to California as
possible.
In a way, the Order worked.? Because of credit issues, out-of-state parties
have been loath to violate their credit policies just to sell to California.?
Hence, the imports into California became scarce, and the ISO was teetering
on another Stage 3 Alert yesterday morning.? Because of the Order, BPA
started drafting from its hydro reserves, somewhere in the neighborhood of
1500 MW, and PowerEx delivered another 400 MW.? From where did this power
emanate?
Clearly, in the case of BPA, they are selling to California at the risk of
being unable to meet their own requirements later this year and next.? No
rain and cold weather could put BPA in a world of hurt.? Further, the
increased hydro spill may effect salmon.
I sent by e-mail to Mr. Richardson that included some wonderful recipes for
the damaged salmon. I mean, what do you do with tons of smashed salmon that
you would otherwise love to eat.? Pates, souffl,s, patties, chilled, ground
winter run, smashed spring run primavera, roasted, mashed fall run.? You name
it.? We can whip up a mess of smashed salmon for just about any occasion.?
And, the added benefit is that California gets to continue the holiday season
festively, with lights on, without interruption.
I was reminded of a letter written to the Burrito last year.? It was a phony
announcement that, in retrospect, wasn't far off.? Do you remember it?
? Exclusive: Christmas Lights Cause Crisis
Due to increased evening ramps caused by heavy Christmas light loads, the
California Independent System Operator (ISO) will begin running a series of
Public Service Announcements (PSAs) this week designed to lessen electricity
reliability concerns.? Because homeowners? tend to turn their Christmas
lights on at dusk, there is a surge of? electricity demand that can create
havoc on the balancing act between? generators and users of power. The ads
will request that homes with odd numbered addresses turn on their Holiday
lights between 5:00-5:30 pm and? even numbered homes between 5:30-6:00 pm.?
According to Kellan Flukiger, ISO Vice President of Operations, the rationing
is required to avert an electricity crisis: "We're seeing extreme ramps that
are causing demands on the grid, we'll use this voluntary process for now to
try and manage the problem."
The Author has learned, however, that the ISO intends to turn to a more
direct approach to control the problem after December 15th.? Tariff Amendment
73g, a little known document that to date has been? internal to the
California ISO, could have a major impact on the Holiday plans of
Californians.? The memo calls for some combination of a two-pronged attack to
keep Californians from all turning on their Christmas lights at the same time.
The biggest question, outside of the deliveries of BPA and PowerEx, is what
price is being paid for the power ordered by the California ISO. The Order
states that power will be sold to the ISO at a level that would ensure
generators receive a fair return.? What's that?? I know that some of the
Northwest power producers are sleeving their sales through credit-worthy
third parties.? But, other than that, I am not sure of the details.
Things FERC and Federal
?@@@ WPTF Supports PX Emergency Filing
The Power Exchange filed an emergency motion on Monday to keep alive its
energy markets in light of the emergency changes made by the ISO the previous
Friday.? The PX requested an emergency order from FERC removing the "hard
cap" on Adjustment Bids and replacing it with an energy price equivalent that
allows forward buyers and sellers to transact ahead of the ISO real-time
market.? Currently, the ISO hard caps the Adjustment Bids at $250/MWH, which
becomes the zonal price if congestion is present.? The mix of hard and soft
caps pushes more people into the real-time market, and wipes out much of the
supply that would otherwise show up in the forward markets.
The WPTF Board filed comments with FERC on Wednesday supporting the PX's
motion.? The ISO filed against the PX motion, and the ISO offered a plan of
their own.? Copies of our filing can be found, along with all our other FERC
and PUC filings on our web page.? If you don't have a password for our
website (wptf.org), then e-mail? [email protected] and request such.? She
will be glad to assist you.
Mailbag
I received so many great e-mails, that I don't know where to begin.? It's
like opening presents.
Julie Blunden of Greenmountain Energy wrote to me in response to the "old
boys" club inherent in the utility industry. She said, "Gary, not only is
power no longer a boys' club, but as I continue to meet all of our new folks
in Austin, I think it's hysterical that I meet so many of them in the
women's' room.? What a difference 15 years makes.? We're all reading the
burrito voraciously these days - these are historic, and painful times."
Julie, I would like to meet as you do some of your colleagues in Austin.?
Julie's fellow traveler (careful), Rich Counihan, also wrote to me.? He said,
"I think your point, and Commissioner Hebert's on the importance of P.R. is
crucial.? As a result, the energy retailers have changed their name from
Alliance for Retail Markets (ARM) to Competitive Retail Energy for Consumers?
(CREC) and hired a P.R. firm in Sacramento to help get the message of
consumer choice out there."
Our best wishes to CREC, Rick.? We need your success.? Also writing to me
regarding the importance of PR was Tom Allen, VP of External Affairs at
Southern Energy.? Tom wrote, "Gary: I am new to this issue as an employee in
External Affairs, Southern Energy- West Region.? I am in transition to
California, and have been on the job about 2-3 weeks.? I could not agree with
you more regarding "where" this battle will be won or lost. Generators cannot
and will not be able to separate themselves from the consumer pain that was
felt in San Diego this past summer.? Consumers elect the Gov et al and their
"pulse" will dictate final direction in the political arena.? While we all
prepare for the legislative and regulatory battles, let's not forget that the
idea here was to provide consumer value over time.
"I think a "blanket" attack on consumer messaging is very possible.? The key
will be how coalitions (formal or informal) decide to come together to fund
such an initiative.
"Being a transplant to the issue and somewhat of an outsider, here are some
messages that must articulated clearly with some sort of definitive
documentation (beyond our opinion.... meaning we need to pay for it
somewhere) :
"1 - The "value" of competition to the consumer.? Why go forward?? What's in
it for me?
"2 - The true effects / cost (negative value) for going back to cost-based
approach.? Let's live in lifelong subsidy.
"3 - The issue is bigger than energy.? The investment world is watching.? Is
California a good place for business to do business?
"I agree with the P/R blitz.? I think there needs to be back-up when
challenged.? What California institution could provide such in a very short
time frame?"
Thank you, Tom, for sharing your thoughts, and welcome to the club.? Finally,
from new GM at the City of Anaheim and formerly of LADWP, Marcie Edwards
wrote, "Gary;? Well, Monday is my last day at LA.? I have learned a lot from
the Burritos; we'll see if the company can learn to appreciate its rather
piquant flavor without me here to say, "Hey, it tastes just like Chicken!"
Best of luck to you, Marcie.? Thank God Almighty, you are free at last, free
at last.
Odds and Ends (_!_)
?@@@ WPTF General Meeting Set for February 8 and 9 in Scottsdale, Az.
It is not too soon to start planning for our February event.? The next WPTF
General Meeting will be held on February 8 and 9 at the Marriott Resort in
Old Town Scottsdale, Arizona. Their phone number is 1-800-835-6205 or
480-945-1550.
We have blocked 26 rooms for February 8, and the price is $229.00 per suite.?
All these rooms are on a first-come basis and seeing that the area is so
popular at this time of year, we cannot secure any more rooms at this
location. The Hotel wants all reservations made ON OR BEFORE January 9,
2001.? Please remember this area is extremely hard to locate space at this
time of year for a reasonable rate.
Air transportation into Phoenix is available from all major airlines and the
Hotel is located only 15 minutes from the Sky Harbor International Airport.?
Transportation costs $10. -$20., utilizing SuperShuttle or taxis.
On Thursday, February 8, WPTF members will congregate for a members-only
meeting.? That will begin at 3:30 p.m. and conclude at 5:00 p.m.? A no-host
dinner reception ($45/person) will be held from 7 p.m. to 9 p.m.? Reservation
for the dinner must be made with our event coordinator, Barb Ennis, at e-mail
address [email protected].
On Friday, our General Meeting will begin at 9:00 a.m. and end at noon. Our
guests speakers will include John Underhill of Salt River Project who will
brief us on Desert STAR and AISA matters; Scott Miller of FERC who co-lead
the FERC study on California,s power markets, and Kennedy School lecturer
Philip Sharp (invited) who will discuss likely national energy policies.?
Lunch will be provided by WPTF
Odds and Ends (_!_)
?@@@ Have a Smile
In olden times, it could be decades before major events were cast in verse.
But The Great 2000 Election Controversy is so big that a bunch of all-star
poets have come out of retirement to quickly set the story to rhyme.
?For starters, history buff Henry Wadsworth Longfellow:
Listen, my children, don't dare ignore,
The midnight actions of Bush and Gore
In early November, the year ought-ought,
Hard to believe the mess they wrought.
Two billion bucks of campaign bounty
All came down to Palm Beach County.
What result could have been horrider
Than the situation we found in Florider?
Edgar Allen Poe is his usual gloomy self:
Once upon a campaign dreary,
one which left us weak and weary
O'er many a quaint and curious promise of political lore
While we nodded, nearly napping,
suddenly there came a yapping,
As of some votes overlapping, energy-zapping to the core
'Tis a mess here," we all muttered,
as the network anchors stuttered,
Stuttered over Bush and Gore.
Could there be another election with such a case of misdirection,
One with such a weak selection,
yet fraught with tension to the core?
Quoth the ravers, "Nevermore."
Britain's Edward Lear's limerick is lighter:
There once was a U.S. election
That called for some expert detection -
How thousands of pollers
Could become two-holers
Like outhouses of recollection.
Ditto Ogden Nash:
I regret to admit that all my knowledge is What I learned at Electoral
Colleges,
So tell me please, though! I hate to troubya,
Will the winner be Al, or will it be Dubya?
Joyce Kilmer's a media analyst:
I thought that I would never see
The networks all so up a tree.
Walt Whitman is lyrical, as always:
Oh Captain! My Captain!
our fearful trip's not done
The ship has weather'd every rock, but
nobody knows who's won.
Alfred Noyes rhythmically rumbles:
And still of an autumn night they say,
with the White House on the line,
When the campaign's a ghostly galleon
and both candidates cry, "'Tis mine!"
When the road is a ribbon of ballots, all within easy reach,
A highwayman comes riding,
Riding,
Riding,
A highwayman comes riding, and punches two holes in each.
Dr. Seuss takes a look at election officials:
I cannot count them in a box
I cannot count them with a fox
I cannot count them by computer
I will not with a Roto-Rooter
I cannot count them card-by-card
I will not 'cause it's way too hard
I cannot count them on my fingers
I will not while suspicion lingers.
I'll leave the country in a jam -
I can't count ballots, Sam-I-Am.
Clement Moore adopts a holiday theme:
'Twas the month before Christmas, when all through the courts,
All the plaintiffs made stirring bad ballot reports.
Which leaves the problem:
Perhaps the best way to stop complaints raucous
Is to start over again, with the Iowa caucuses.
??? Odds and Ends (_!_)
?@@@ The Toughest Interview Ever
The nights I drive my son to hockey practice, especially in winter, are
silent.? It's dark, the weather is cold, and we each drift into our own
thoughts.? He listens to the rock station of his choice on the way to
practice.? I get my choice of station, usually jazz or classical,? on the way
home.? We both have agreed to set the volume in either travel direction at a
tolerable level, four ticks on the analogue scale.? Last night the silence
was suddenly broken.
"Okay," he said as we started the thirty-minute ride to his practice, "this
is boring. We're going to have a conversation."? "What do you want to talk
about," I asked somewhat startled?? He said he would ask me some questions.?
"Gary," he asked, always addressing me in the familiar, "what was your
favorite thing to do when you were a kid."? I was struck dumb.? I didn't know
how to answer the question because I was afraid that whatever I selected, he
would say, "BORING."? So, I drifted a bit in my answer.? I was very
tentative.? I started with my high school years, and what I liked, and who I
hung around with.? I then spoke about younger days when I was my son's age,
13, and then continued into my elementary school experiences.? He listened to
every word, and asked more questions.? What were my brothers like, which one
of my brothers was I close to, why did I look forward to going to high
school, what instrument did I play in the band, and on and on.? We didn't
stop until we reached the ice rink.
I had butterflies in my stomach.? Picture this.? I have suddenly found my
professional life awash with newspaper interviews, TV interviews, microphones
stuck in my face, and audiences asking me dozens of tough questions.? The
more of that I do, the more comfortable it becomes.? Compare that with my
fear of answering these simple questions posed to me by my son about my
life.? Would I be judged harshly?? Would my answers disappoint him?? Every
Dad wants to be a superstar to his son.
I guess I passed, and I am thankful for the experience.? I'll probably
treasure that conversation for a lifetime, not knowing why.? When you think
about, I received the most precious gift a son can give a father.
Well, on that note, I will wish each and every one of you a happy holiday
season, whether you celebrate Chanukah or Christmas, or both, as we do.? It
has been a privilege to write these Burritos for you.? I cherish your kind
comments to me about our weekly get togethers.? I look forward to serving you
next year in good health, and with less stress.? I'm looking for a quite
time, maybe in April or May, when we can look back at the last few weeks, and
wonder how did we ever get through it all?
Have a great holiday.
gba
?
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PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011516.txt
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The New Year has arrived and we really to finalize a lot of the work with regards to moving into NETCO. Obviously we still do not have a deal but the deadline is approaching and preparations need to be finalized.
The main areas to focus on over the next week are:-
(i) Re-start/Integration Plans (due on Jan 7) To be forwarded to Louise
These plans need to be detailed and show clear detailed timelines and detailed responsibilities for getting us up and running as soon as possible.
The current restart date is January 21, 2001 but may be pushed forward to January 14, 2002.
(ii) Budget (due Jan 3, 2002) To be forwarded to Faith Killen
First year budget to include all start up costs (some of which can be amortized)
(iii) Seating Plans Tammy Shepperd to co-ordinate
We need to start the planning process for seating as we will be living on floors 5 & 6 of the Enron South building.
I have asked Tammy Shepperd to commence the seating plan and we would look to start the moves as soon as possible but with a large number occuring around January 11,2002.
(iv) Due Diligence
We continue the process with two new companies this week (Wednesday and Thursday). Andy Zipper is taking the lead for the company arriving on Wednesday, please help him with his requirements.
I would ask that both John and I are notified of any changes to the Netco personnel list on a timely fashion and that the list is maintained on a continual basis. Please forward all alterations to Jeanie Slone who has responsibility for the master list.
Communication - I believe that the New Year combined with a internal communication issues may be a good time to review what we want to say on Netco and what our policies are. I am asking David Oxley to co-ordinate with all of you on this. I know a lot of you believe that we need to only communicate once we have retention programme in place for the estate which may be a good idea but we we need to make sure that we lose as few people as possible.
If you are unavailable this week, please ensure you delegate this work out.
Happy New Year
Louise
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BLOOMBERG
Tom Alonso
I am missing the following deals:
1) Enron sells to Tractebal 25mw Palo Verde for 3/26 peak hrs at $260.00
2) Enron sells to Pacificorp 25 mw Palo Verde for 3/26 peak hrs at $260.00
Mike Swerzbin
I am missing the following deal:
1) Enron sells to Idaho Power 50 mw April Mid-C peak hrs at $358.00
Jeff Richter
deal 559010
Bloomberg shows $160 as price......enpower has $165.00
PREBON
All were o.k.
AMEREX
Tom Alonso/Matt Motley (someone who traded on the LT PV Desk today)
I am missing the following deal:
Enron buys Cal'02 Palo Verde at $140.00 (Check the mw on this deal please
with Tom!!!)
|
{
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|
From the Gas and Power side, we wouldn't need any traders in Montreal, but perhaps some marketers.
Paul Devries in Toronto runs our Eastern Canada operation if you would like to talk to him.
John
-----Original Message-----
From: Delage, Darren
Sent: Wednesday, May 16, 2001 12:01 AM
To: Lavorato, John
Subject: Darren Delage
John,
I haven't spoken to you in a while and trust that your off to another strong year and that your family is well settled in Houston. As you may have heard, I have spent the last year in Japan with Global Mkts trying to help kickstart an fx and interest rate trading operation that would tie this region into our global operation.
Something has arisen personally and wanted to ask you in confidence of any potential opportunities that you may be aware of in Canada for a trading and/or origination role, perhaps in the next 2-5 months time. My wife is keen to relocate near her family in Montreal, and so ideally I am wondering if you are aware of any needs that Rob Milnthorp, David Delainey, or yourself may have in that area, be it in metals, power, gas etc. I am aware of a satellite metals office in Montreal under a Director named Jean Michaud, as well as the recent Quebec City paper mill acquisition but am not aware of any other activities which we are involved with in that region.
Thanks for your time, John
Sincerely,
Darren
Attached pls find resume
<< File: Darren Delage.doc >>
|
{
"pile_set_name": "Enron Emails"
}
|
NW data has been reloaded...
Let me know if there is anything else I can do...
Thanks,
Chris
-----Original Message-----
From: Holst, Keith
Sent: Friday, October 19, 2001 12:50 PM
To: Hyde, Chris
Subject: Read: RE:
Your message
To: Holst, Keith
Subject: RE:
Sent: 10/19/2001 12:49 PM
was read on 10/19/2001 12:50 PM.
|
{
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Brad
Could you cancel my PAC plan after the September contribution.
I have thought more about the leverage idea you suggested and want to talk to
you. Can I give you a call later this afternoon? What time are you going to
be in the office until? What is you home phone number. I will be at the
office late tonight working on move shit.
Chris
|
{
"pile_set_name": "Enron Emails"
}
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How Cuero-ish is this????
Return-path: <[email protected]>
From: [email protected]
Full-name: Dkaybg
Message-ID: <[email protected]>
Date: Sun, 30 Dec 2001 23:27:33 EST
Subject: Fwd: FW: TEXAS
To: [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected]
MIME-Version: 1.0
Content-Type: multipart/mixed; boundary="part2_d.1fd64aed.29614335_boundary"
X-Mailer: AOL 6.0 for Windows US sub 10536
Return-Path: <[email protected]>
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Message-Id: <[email protected]>
X-Mailer: Microsoft Outlook Express for Macintosh - 4.01 (295)
Date: Sun, 30 Dec 2001 11:02:45 -0500
Subject: FW: TEXAS
From: "joan m. gaskill" <[email protected]>
To: [email protected]
Mime-version: 1.0
X-Priority: 3
Content-type: multipart/alternative; boundary="MS_Mac_OE_3092554965_783862_MIME_Part"
----------
From: [email protected]
To: [email protected]
Subject: TEXAS
Date: Sun, Dec 30, 2001, 10:46 AM
You know you're from Texas if:
1. You measure distance in hours.
2. You've ever had to switch from "heat to "a/c" in the same day.
3. Stores don't have bags; they have sacks.
4. Stores don't have shopping carts: they have buggies.
5. You see a car running in the parking lot at the store with no one in it, no matter what time of the year.
6. You use "fix" as a verb. Example: "It's fixin to rain".
7. All the festivals across the state are named after a fruit, vegetable, grain or animal.
8. You install security lights on your house and garage and leave both unlocked.
9. You carry jumper cables in your car - for your OWN car.
10. You know what "cow tipping" and "snipe hunting" are.
11. You only own four spices: salt, pepper, ketchup and Tabasco.
12. You think everyone from a bigger city has an accent.
13. You think sexy lingerie is a tee shirt and boxer shorts. -- OH YEAH!! :-)
14. The local paper covers national and international news on one page but requires 6 pages for sports.
15. You think that the first day of deer season is a national holiday.
16. You know which leaves make good toilet paper.
17. You find 90 degrees F "a little warm".
18. You know all four seasons: Almost summer, Summer, Still summer, and Christmas.
19. You know whether another Texan is from southern, middle or northern Texas as soon as they open their mouth.
20. There is a Dairy Queen in every town with a population of 1000 or more.
21. Going to Wal Mart is a favorite past time known a "goin' Wal Martin" or off to "Wally World".
22. You describe the first cool snap (below 70) as "good chili weather".
23. A Carbonated soft drink isn't a soda, cola or pop - it's a Coke, regardless of brand or flavor.
24. You understand these jokes and forward them to your friends from Texas.
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{
"pile_set_name": "Enron Emails"
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I think the real problem right now is that until the current crisis is over we need to reduce all calls for cash of any type to only those necessary to make cash today.
-----Original Message-----
From: Ratner, Michael
Sent: Tuesday, October 30, 2001 5:20 PM
To: Hayslett, Rod
Subject: RE: Training.
I was afraid of that. However, our cost center would only incur the costs for four people. Would we have the funds for that? I assume each cost center, i.e. legal, DC and commercial, would cover their own costs. I am not sure what the overall costs would be, but I can do a budget if you want.
-----Original Message-----
From: Hayslett, Rod
Sent: Tuesday, October 30, 2001 4:28 PM
To: Ratner, Michael
Subject: RE: Training.
I think the biggest problem is that where are we going to get the funds for that?
-----Original Message-----
From: Ratner, Michael
Sent: Tuesday, October 30, 2001 2:43 PM
To: Hayslett, Rod
Subject: Training.
When I was in Calgary, Keith Petersen and I were talking about rates and certificates and he mentioned some seminars that the Omaha people do. Additionally, we discussed some sites that would provide a variety of things to see. Below is a possible schedule he sent me.
What we would provide is a Certificates 101 training and answer questions (1 1/2 Hours), Steve Kirk's group would provide a rates and tariff 101 session that would take a full 2 hours or maybe more, and Tim Kissner would provide a cost of service presentation (how he arrives at a cost of service). Tim's presentation takes another 1 1/2 hours. This would take up one day. Then I could provide the names or help you set up tours of the Redfield Underground storage, a tour of the Ogden compressor station, A tour of the Garner LNG, and possibly a tour of the Farmington Compressor station. The Ogden station does not have turbine horsepower or electric driven units, but is a major compressor station on our system. This would take most of two days to cover.
I mentioned this idea to Eric and Steve and they are both very interested. Also, Tony Pryor was there and he said Drew would be interested, and I got an e-mail from Nancy Bagot in the DC office wanting to participate. I realize this could become a lot of people, but it could be a good opportunity for some practical experience and team building. What do you think?
Cheers,
Michael
|
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Excuses, Excuses the reason you lost was that your team scored less points than the team you were playing. It's that simple. Anyway as for dinner, what about staying downtown and meeting around 6:45 pm, if that's too late we can meet earlier. The only thing I know that is healthy is Sushi, which isn't my favorite but I'd go if that's a big thing for you. Or, we can come up with other ideas, I'm wide open. I'll eat anything except for Thai.
The lady I'm dealing with at Petrogulf is clueless. The guy I used to deal with is gone and she is new to this area of the business. Since I'm so nice and receptive to her feelings, I decided to help. But I'm sure you already know this about my personality. I'm really not trying to BS you with my emotional side. I will tell her I can buy the gas into Questar, if you believe that to be the case. All those other delivery points need processing arrangements. Don't tell Richard Stewart anything about this conversation or YOUR buying dinner!
-----Original Message-----
From: Karen L. Taylor [mailto:[email protected]]
Sent: Tuesday, October 16, 2001 10:53 AM
To: Lucci, Paul T.
Subject: RE:
Paul,
The A&M game was tragic. My friend Tim and I went to watch it at a sports
bar and, needless to say, I was the only Aggie fan in the crowd. We had a
chance to tie it or win it in the last two minutes. We had driven the ball
from our own 9 yard line to about the CU 30 yard line. We had a first down
and were going for it when we fumbled ($%&*!!) and they took it back for a
touchdown. The waitress felt sorry for me and bought us a shot of I don't
even know what. I'm headed to Texas in a couple of weeks to see the Aggies
Beat the Hell Outta Iowa State at Kyle Field. I haven't been to Kyle Field
in ages so I'm really looking forward to it.
Petrogulf's agreement indicates they have access to all major delivery
points except Opal until the expansion is in place. These other points
would include QGM, MGR, OTTCO and QPL. It's a bit curious to me that they
would have QPL and OTTCO now since they have to go down the 20" to get
there. Seems like these would be in the same boat with the Opal option, so
maybe this is not a true, current option. Can't Petrogulf tell you this
stuff? It's not my place to do it, and the only reason I am is because
you're going to drop a large sum of money taking me out to dinner
(kidding!!).
As for dinner, yes I'm still available. As for the place, don't feel like
you need to drop a bunch of cash (although cash is thrilling, isn't it??).
I'm happy eating just about anything. I'm trying to be on a new health
kick, so healthy fare sounds appealing. My only condition is that I can't
stay out late because I have a 5:30am appointment at the gym with my
trainer Thurs. am. It's brutal. I leave the house at 5am. Want to stay
downtown or venture out?
kt
"Lucci, Paul
T." To: "Karen L. Taylor" <[email protected]>
<Paul.T.Lucci@ cc:
enron.com> Subject: RE:
10/16/01 08:30
AM
Hello,
I'm back in the office today. Well I see you have to eat crow! I
didn't get a chance to watch the game but I saw CU play Kansas St. and
CU looked good. I even think CU has a good chance of beating UT in
Austin this weekend.
As far as Petrogulf goes, in the mean time before the great expansion,
do they have the right to go to Questar or any other interstate pipeline
delivery points. I think they can take their gas in kind at
Questar/Bird Canyon, but I'm not sure.
And finally, are you still available for dinner Wednesday night. I just
got paid so I'm looking to take you some place nice. Yes, I am bribing
you!
Paul
-----Original Message-----
From: Karen L. Taylor [mailto:[email protected]]
Sent: Friday, October 12, 2001 5:48 PM
To: [email protected]
Subject:
Paul,
Once the expansion is completed (in the next couple of months),
Petrogulf
will have access to all delivery points off Jonah. They currently don't
have access to Opal. I think that's all the super secret information I
can
divulge.
Hope you have a great weekend. I have a small wager with Shari Wojta
that
the Fightin' Texas Aggies will Beat the Hell Outta CU tomorrow. Hope I
don't have to eat crow.
See you next week.
kt
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or
reply to Enron Corp. at [email protected] and delete
all copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************
|
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|
Homan, please print this memo and the attachment so we can review. Thanks
Cindy
---------------------- Forwarded by Cindy Horn/LON/ECT on 16/05/2001 09:02
---------------------------
From: Rein amund Schultz/Enron@EUEnronXgate on 15/05/2001 07:14 GDT
To: Cindy Horn/LON/ECT@ECT
cc:
Subject: FW: Access PowerDesk & EDM (Enron Data Manager)
;-----Original Message-----
From: ; Schultz, Rein-Amund;
Sent:;; 14 May 2001 10:35
To:;;;; Horn, Chris
Cc:;;;; Lien, Thor; Kristiansen, Hein; Branem Hansen, Trond
Subject:;;;;;;; Access PowerDesk & EDM (Enron Data Manager)
PowerDesk:
For further description of the different roles Trond will probably have more
information.
EnronUserName;;;;;;; Administrator NormalUser ReadOnlyUser PLReportUser
MTMApprover
-------------------- ------------- ---------- ------------ ------------
-----------
abartary;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
acoll1;;;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
akirk;;;;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; N;;;;;;;;;;; N;;;;;;;;;;; N
banderse;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
blokken;;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
CFindlay;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
cviejou;;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
dhardy;;;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
eseidel;;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
fflykt;;;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
gartmann;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
hkleven;;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; Y
jpatel1;;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
kasklund;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; N;;;;;;;;;;; N
kurdahl;;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
LAlfarru;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
Landerss;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
mlarsson;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
ncornish;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
OAgdeste;;;;;;;;;;;; Y;;;;;;;;;;;; N;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; Y
ofacih;;;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
Pbekkest;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; Y
pmaley;;;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; N;;;;;;;;;;; N;;;;;;;;;;; N
prichter;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
psymons;;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
pyoxall;;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
randerse;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
rhareton;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
sbain;;;;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
sschumac;;;;;;;;;;;; Y;;;;;;;;;;;; N;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
stenngre;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
tbranemh;;;;;;;;;;;; Y;;;;;;;;;;;; N;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; Y
tlien;;;;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
trickett;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; N;;;;;;;;;;; N;;;;;;;;;;; N
tulset;;;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
vmortens;;;;;;;;;;;; N;;;;;;;;;;;; N;;;;;;;;; Y;;;;;;;;;;; Y;;;;;;;;;;; N
YTakei;;;;;;;;;;;;;; N;;;;;;;;;;;; Y;;;;;;;;; N;;;;;;;;;;; Y;;;;;;;;;;; N
EDM:
Analyst & controllers have full access to timeseries they own (in the DB they
have the role in).
Read to others timeseries.
Administartors:
Full access (in the DB they have the role in).
Physical data (meter values etc) are located in database
ndr_core_oslo_physical
Nord Pool data, weather data, etc are located in database
ndr_core_oslo_trading
For furher information please contact Hein Kristiansen.
<<edm_access.xls>>
Rein
|
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|
Greg,
Jim Fallon asked that I send you a breakdown of the notional revenues for MSN
by year.
Let me know if you have any questions.
John D. Suarez
Enron Broadband Services
Phone: (713) 853-5267
Mobile: (713) 443-5267
<mailto:[email protected]>
|
{
"pile_set_name": "Enron Emails"
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|
Dear Traders,
I still have not heard responses from some of you who have been on shift
since I sent the e-mail about MPC cleanup. We need to check out soon!
There are too many disputes to pull tapes for, so please help me find the
answers.
Thanks,
VA
|
{
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FYI - I have a pretty bad case of laryngitis but I still have to eat lunch.
Maybe I can find a "talking person" to join us so you won't be bored. Sara
|
{
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|
in case you didn't receive
---------------------- Forwarded by Arnold L Eisenstein/ENRON_DEVELOPMENT on
04/25/2001 02:24 PM ---------------------------
From: Gary Choquette/ENRON@enronXgate on 04/25/2001 12:28 PM
To: William Kendrick/OTS/Enron@ENRON, Bill Osborne/OTS/Enron@Enron, John
Shafer/OTS/Enron@Enron
cc: Ben Asante/ET&S/Enron@ENRON, Morgan Gottsponer/ENRON@enronXgate, Arnold L
Eisenstein/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ray Smith/ENRON@enronXgate
Subject: FW: Updated Information Regarding EPA's Current Thinking on Draft
MACT Content
FYI, Please review and pass along to those you think would be interested.
-----Original Message-----
From: Sam Clowney and Jim McCarthy <[email protected]>@ENRON
[mailto:IMCEANOTES-Sam+20Clowney+20and+20Jim+20McCarthy+20+3Cjim+2Emccarthy+40
[email protected]]
Sent: Wednesday, April 25, 2001 10:41 AM
To: [email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
Choquette, Gary; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected]; [email protected];
[email protected]; [email protected]; Kendrick, William;
[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: Updated Information Regarding EPA's Current Thinking on Draft MACT
Content
On April 4, 2001, we issued a memorandum which included information from
EPA regarding the Agency,s current thinking on the draft MACT standards for
IC engines and combustion turbines located at major sources of HAP
emissions (see Attachment A of attached file). Since the distribution of
that memorandum, EPA has provided corrections regarding the compliance
monitoring requirements for the IC Engine MACTs. The MACT information
provided by EPA, including the latest corrections regarding compliance
monitoring are included in this memorandum. Clearly, this is preliminary
information and should not be construed as the content of the final rules.
This content could change before these rules are submitted to OMB,
subsequently issued as proposed standards, or promulgated as final rules.
- Updated Draft MACT content.doc
|
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|
To help accomplish our business goals, the following management appointments
are effective immediately:
Tod Lindholm, previously Managing Director - Chief Accounting Officer for
EBS, will move to Corporate as Managing Director and assume responsibility
for Business Risk Management, IT Compliance as well as working on a number of
special assignments for Rick Causey, Executive Vice President - Chief
Accounting Officer for Enron Corp.
John Echols, currently Managing Director - Risk Systems Development for EBS
will assume responsibility for accounting and administration for EBS as well
as his current responsibilities and will report to the Office of the Chairman
for EBS.
Everett Plante, currently Vice President - Chief Information Officer for EBS
will now report directly to the Office of the Chairman for EBS.
|
{
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}
|
I am working on a deal to move TurboPark equipment into Enron owned LLC's,
with a simultaneous sale of 80% of the equity to a third party. This deal
is supposed to close by Jan 15, so I'm getting a crash course on TurboPark
and how to get stuff out of it during the early phase. I thought I would
share what I'm learning, if nothing else as a form of therapy.
Attached to the email is what I believe to be the proper form of notice to
take something out of TurboPark. Five to fifteen business days' notice is
required.
There will be other documents involved as well:
Bill of Sale
Assignment and Assumption Agreement
UCC releases, if applicable (UCC filings are made on all delivered equipment)
I suspect a consent by the equipment seller may also be required. More to
come on this one.
As I learn more about the process I will keep you advised.
Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/03/2001 08:52
AM ---------------------------
Kay Mann
01/03/2001 08:28 AM
To: Fred Mitro/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Rebecca
Walker/NA/Enron@Enron, Kathleen Carnahan/NA/Enron@Enron
cc: Catherine Clark/HOU/ECT@ECT, Lisa Bills/Corp/Enron@ENRON, Roseann
Engeldorf/Corp/Enron@ENRON
Subject: CA Development I and II notice of exercise of purchase option
I am attaching a revised draft notice of intent to exercise the purchase
option for the equipment for the CA transactions. We need two separate
notices - one for CA I and one for CA II. Ben/Fred/Rebecca, could you please
prepare a draft of the two exhibits?
Lisa/Catherine/Rose, I revised the form of notice to make it track the
participation agreement and the development and construction management
agreement.
I've tentatively dated the notice as of this Friday. By my calculations,
Monday is our drop dead date since a waiver of the 5 day period is not an
option, and the deal dies if not closed by the 15th.
Ben mentioned that I should be drafting a "release letter" for the banks
and/or DevCo. It would be a big help if someone could point me to the section
in the documents which set forth the requirements of the release, since I'm
still wading through it all and haven't found the relevant language yet.
Also, please advise of the results of the conference call which you had with
the lenders (?) and/or their lawyers regarding the issue.
I am working on the assignment and assumption agreement.
Thanks,
Kay
|
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|
Start Date: 1/8/02; HourAhead hour: 7; No ancillary schedules awarded. Variances detected.
Variances detected in Load schedule.
LOG MESSAGES:
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010807.txt
---- Load Schedule ----
$$$ Variance found in table tblLoads.
Details: (Hour: 7 / Preferred: 152.25 / Final: 152.22)
TRANS_TYPE: FINAL
LOAD_ID: SDG1
MKT_TYPE: 2
TRANS_DATE: 1/8/02
SC_ID: ENRJ
|
{
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|
i am just teasing you, but you did introduce us to some guy you went out with
who is an analyst here. i had so much fun on sat night. it was crazy.
|
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|
As you know, the Enron Management Conference will be held Wednesday through Friday, November 14-16, 2001, at the Westin La Cantera Resort in San Antonio, Texas.
This has been an eventful and challenging year for Enron. Now, more than ever, it is fitting to bring Enron's leaders together. After all, it is up to our management team to lead our company through these challenging times. Together, we will define Enron's character and determine Enron's destiny.
We have a great program planned for this year's conference. I'm delighted that General Norman Schwarzkopf will join us as a keynote speaker on leadership. I'm equally pleased to welcome back Gary Hamel, who will help us process the past year and prepare for future success. As I've said before, we are a company that continues to look to the future, and there are many exciting things in store for us.
I look forward to seeing you at this very important meeting.
Regards,
Ken Lay
NOTE: This year, registration for the Management Conference will be conducted electronically. Below is a link to the online registration website along with instructions for navigating the site. Everyone must register by Friday, November 2.
http://www.mplanners.com/enron
When you access the Management Conference online registration website, enter your eMail Address and Password (password: enron) in the specified boxes. The first time you access the site, you will be prompted to enter your First Name and Last Name. Once completed, click Submit.
On the next page, click Sign Up Now to register. You will be prompted to enter your basic information and make selections for your hotel room, travel and preferred activity. In the scroll box to the right, you can review and print the conference agenda, a list of activities, as well as travel arrangements and other general information.
After you have entered the necessary information, you can Review Your Registration or simply Log Out. Your registration information will be automatically submitted.
Once registered, you can reaccess the site at any time to review or change previous elections. When reentering the site, you only need to enter your eMail Address and Password.
If you experience any problems accessing the site, please contact Marge Nadasky at 713-853-6631.
|
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}
|
Something strange happened in Enpower yesterday. A deal from the STNW book was changed and we aren't sure why. It appears that some strips from a $180 sale in NP15 were erased. Our theory is that something happened between FSP and Enpower that erased these strips. Of course, we don't know what happened, which is why I am contacting you. This is really scary if our systems are changing deals. The only reason that we noticed was because of a huge P&L hit to the STNW book. If the price of the deal had been closer to current market we wouldn't have noticed. Please look into this and let the trading team know what happened.
|
{
"pile_set_name": "Enron Emails"
}
|
Approved
Vince Kaminski
Information Risk Management
04/05/2000 03:50 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: For Vince J Kaminski's approval
Below you will find a copy of a request that is awaiting your approval.
Please advise us as to your approval or rejection of this request by way of
email, since your system does not allow you to open the icon that was
submitted by way of a doc link.
I thank you in advance for your cooperation in this matter.
Leola Barnett
Information Risk Management
---------------------- Forwarded by Information Risk Management/HOU/ECT on
04/05/2000 03:50 PM ---------------------------
Security Resource Request System Pending VP Approval
Resource Request How to find the status of this request...
General Information Initials:
Requestor: Jason Sokolov/HOU/ECT Phone: (713)853-6286
Requested For: Jason Sokolov/HOU/ECT
Request Type: Update Access
RC #: 100038 WO #:
Company #: 0011 Priority: High
Manager: Mike A Roberts VP: Vince J Kaminski
Location:
In the Request Processing section, see the status column for each requested
resource.
Look at the overall status of the request in the title bar above. The status
will display Closed when your request is complete.
Click the "Status" button below.
Comments:
Request #: JSOV-4F8R44
Submitted: 01/04/2000 01:58:37 PM
Name Cost Status Implementation Comments
Application/Database
Bloomberg $1,800.00 monthly Not Started
Request Processing Path
Processed By Status When Comments
Manager Approved 01/20 12:57 PM
VP
Security
Implementation
Editing History (Only the last five (5) are shown)
Edit # Past Authors Edit Dates
2
3
4
5
6 Jason Sokolov
Jason Sokolov
Jason Sokolov
Jason Sokolov
Mike A Roberts 01/04/2000 01:56:27 PM
01/04/2000 01:57:47 PM
01/04/2000 01:58:30 PM
01/04/2000 01:58:37 PM
01/20/2000 12:57:16 PM
|
{
"pile_set_name": "Enron Emails"
}
|
i cant open this
|
{
"pile_set_name": "Enron Emails"
}
|
Dear Ken,
Merry Christmas and happy New Year to you and your family. My special
regards to you daughter Elizabeth.
Best regards,
Pablo Acevedo
|
{
"pile_set_name": "Enron Emails"
}
|
oh, so that is how it works, don't ever complain that I do not have free
time. I will let you know when I am avaliable.
I will have to check my agenda.................sp
From: Clint Dean @ ENRON 05/14/2001 09:55 AM
To: Stephanie Piwetz/HOU/ECT@ECT
cc:
Subject: Re:
Very suspenseful. Yes, I was asleep when you called. Since I had stayed up
until 4:30 yesterday morning, I was a little tired. I'm glad you had a good
weekend with your family. I'm finally done with all my travelling weekends.
I haven't been here since Easter. So now I'm looking for someone to go out
with (hint, hint).
Stephanie Piwetz @ ECT 05/14/2001 09:30 AM
To: Clint Dean/Corp/Enron@ENRON
cc:
Subject: Re:
just keeping you in suspense, was i right? 10:30pm ringer off, fast asleep?
j/j my weekend was good. stayed home friday (believe it or not) saturday,
went to a graduation party, then went to a church concert, (it was really
different, a rapping priest from Brooklyn) and then sunday me and the
fam/grandparents/aunt and uncle all went to eat lunch....then back to church
...that is all, was full as usual.
|
{
"pile_set_name": "Enron Emails"
}
|
---------------------- Forwarded by Mike Grigsby/HOU/ECT on 02/15/2001 09:20
AM ---------------------------
To: [email protected]
cc:
Subject:
To:
cc:
Subject:
Site is on temporary string lighting, Aux Boiler, with Diesels running.
Investigation into trubine bearing damage and possible Unit Auxiliary
Transformer problems.
V.P. Russ Krieger came over the PA to say "Yahoo San Onofre!" for a job
well done in getting the outage done in 32 days (breaker to breaker, so to
speak). He went on to say that it is not known if the fault was related to
outage work, or if there will be an effect on our outage bonus. He said
we'll be of line for several weeks. I'd say at least that since our turbine
ground to a halt with no DC lube oil, and is still cooling with no jacking.
(See attached file: MVC-038f.jpg)
(See attached file: MVC-015f.jpg)
(See attached file: MVC-016f.jpg)
(See attached file: MVC-020f.jpg)
(See attached file: MVC-021f.jpg)
(See attached file: MVC-023f.jpg)
(See attached file: MVC-028f.jpg)
(See attached file: MVC-029f.jpg)
(See attached file: MVC-030f.jpg)
(See attached file: MVC-031f.jpg)
(See attached file: MVC-033f.jpg)
(See attached file: MVC-034f.jpg)
(See attached file: MVC-035f.jpg)
(See attached file: MVC-011f.jpg)
- MVC-038f.jpg
- MVC-015f.jpg
- MVC-016f.jpg
- MVC-020f.jpg
- MVC-021f.jpg
- MVC-023f.jpg
- MVC-028f.jpg
- MVC-029f.jpg
- MVC-030f.jpg
- MVC-031f.jpg
- MVC-033f.jpg
- MVC-034f.jpg
- MVC-035f.jpg
- MVC-011f.jpg
|
{
"pile_set_name": "Enron Emails"
}
|
Beth Ann:
I received your message and tried to speak with CSFB and Jim Armogida. In
each instance, unfortunately, I had to leave voice mails. It was just about
2 hours ago that I told CSFB that we were done (having left the negotiation
of Paragraph 10.1 to Jim)!
I am forwarding the latest UBS comments to you just in case I have the urge
to call you for advice.
Have a Merry Christmas. I'm off to New Orleans this evening for the holiday
weekend. In fact, there's a new Susan Spicer restaurant called "Herbsaint"
and I should be dining there in about 6 hours.
Thanks for your help. Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 12/22/2000 02:06 PM -----
[email protected]
12/21/2000 07:29 PM
To: [email protected], [email protected]
cc: [email protected]
Subject: Re: 2 paragraphs
Sara,
Attached is the newly marked up version of the contract. The
highlights are as follows (not all changes are addressed below):
1) Dividend language has been inserted on page 6. We may have to do
something with the structure since there are two "Method of
Adjustments."
2) On page 11 and 12, we reinserted our language in sections (iii)
and (v) but conformed them to your Registration Provisions. We needed
to reinsert the language in (iii) for section (v) to work.
3) On page 13, I reinserted our "best efforts ongoing obligation"
language. The reason I did this is because I realized that they way
you had it drafted in the email does not work from an accounting
perspective.
4) On page 14, 1st paragraph, the words "but prior to the Settlement
Date" was added for accounting purposes.
5) The new ratcheting Trigger Price language was added on page 14.
Please call me after you have reviewed the markup to verify that we
are in agreement on the terms.
Regards,
Christine
______________________________ Reply Separator
_________________________________
Subject: 2 paragraphs
Author: Sara.Shackleton ([email protected]) at unix,mime
Date: 12/20/00 3:25 PM
Trigger/Determined Amount inverse relationship:
"In the event the Trigger Price is increased to equal the Other Trigger
Price, the Determined Amount shall be reduced so that the Effective Share
Price is increased in direct proportion to the increase in the Trigger
Price. The "Effective Share Price" shall be the result obtained by
dividing
X by Y where "X" equals the product of the Price Per Share multiplied by
the
Number of Shares, and "Y" equals the Number of Shares plus the Determined
Amount."
Paragraph 3(a) first paragraph, 3rd sentence replacement:
"In the event that, but for this Section 3, titled "Other Provisions,"
Party
B would be obligated to deliver a number of Shares equal to the Determined
Amount plus the Excess Shares, Party B shall have an ongoing obligation to
satisfy delivery of the Excess Shares; provided however that the number of
Excess Shares to be delivered hereby shall not exceed [________] shares.
Party B may, at its sole option, satisfy delivery of the Excess Shares by
using its best efforts to increase its Authorized Shares or by delivery of
a
cash payment equal to the [product obtained by multiplying the Excess
Shares
by the Final Price]."
- MARKUP.DOC
Visit our website at http://www.ubswarburg.com
This message contains confidential information and is intended only
for the individual named. If you are not the named addressee you
should not disseminate, distribute or copy this e-mail. Please
notify the sender immediately by e-mail if you have received this
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E-mail transmission cannot be guaranteed to be secure or error-free
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verification is required please request a hard-copy version. This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.
|
{
"pile_set_name": "Enron Emails"
}
|
You're correct, I am saddened to see such a great x-Philly treated so
poorly. I often look back
with wonder at how much ground Stocker would cover at the shortstop position,
not to mention
his tremendous power for a man of such small stature. He could only be
compared to x-Philly
and future hall of famer - Ivan DeJesus. The only uncertainty is whether or
not Ivan will elect
to be inducted under the Philly or Cubs uniform.
On the house front, we purchased one and moved in at the beginning of May.
It's a fixer-upper.
All our weekends are spent working on it.
I gotta run, but thanks for the email. Let me know how everything is going
in your world. Tell
Rina and the kids we said hi.
Kevin
|
{
"pile_set_name": "Enron Emails"
}
|
who sings fucking right it's all right?
|
{
"pile_set_name": "Enron Emails"
}
|
Nella,
Paul will call Aleck tomorrow and we can conference them both into your conference call will Milnthorp and Lavorato at 1:00pm your time.
Thanks,
Lindsey
|
{
"pile_set_name": "Enron Emails"
}
|
I thought there were a few web-sites on here that might be interesting to
you- . . . especially since you said your days were going pretty slow
lately. :-)
---------------------- Forwarded by Shanna Husser/HOU/EES on 11/20/2000 07:16
AM ---------------------------
[email protected] on 11/20/2000 12:36:38 AM
Please respond to [email protected]
To: [email protected]
cc:
Subject: Yahoo!'s Picks of the Week (November 20, 2000)
Here's the latest email installment of Yahoo!'s Picks of the Week. Thank
you for your interest in our feature. As always, you can access the full
document that surrounds these picks online at:
http://www.yahoo.com/picks/
------------------------------------------------------------------------
-- Weekly Picks
------------------------------------------------------------------------
WW II Codes and Ciphers
http://www.codesandciphers.org.uk/
This homespun site was created by Tony Sale, a man instrumental in
preserving, restoring, and curating the historical collection at
Bletchley Park. Headquarters of British code-breaking during World
War II, Bletchley was "Britain's best kept secret" -- the place
where the German Enigma was finally deciphered in an incredible
cooperative super-effort. Detailed tutorials for the mathematically
inclined explain how the Enigma cipher machine worked and how the
Lorenz code was broken by the British-built Colossus machine. A
Bletchley Park photo album presents snapshots of an ordinary-looking,
extraordinary place.
--------------------
The Brownie Camera @ 100: A Celebration
http://www.kodak.com/US/en/corp/features/brownieCam/brownieCam.shtml
In February of 1900, the Eastman Kodak Company introduced the
Brownie, a compact portable camera that cost $1. During the first
year, over 150,000 cameras were sold. The Brownie was designed and
intended for children, but it's explosive popularity led to the
birth of popular photography, the rise of photojournalism, and the
all-American snapshot. Kodak's gorgeously designed site offers
dozens of recollections, original advertisements, audio commentary
clips, and plenty of Brownie-shot snaps.
--------------------
BoondocksNet.com
http://www.boondocksnet.com/
This site was created by historian and Mark Twain scholar Jim Zwick.
It began in early 1995 as a page about Twain's writing on the U.S.
expansionist war in the Philippines; since then, it has become an
essential library of historical texts, articles, photographs, and
political cartoons for the study of imperialism and anti-imperialism
in the late 19th and early 20th century. Remarkable e-texts and
related gems include: Arthur Conan Doyle's The Crime of the Congo,
Hull House founder Jane Addams' The Long Road of Woman's Memory,
and an interpretive archive of 3D stereoscopic photographs. And
the title? Boondocks, which means rough country, is derived from
the Tagalog word for mountain, and entered American English around
the time of the Phillipine-American War.
--------------------
Antimatter: Mirror of the Universe
http://livefromcern.web.cern.ch/livefromcern/antimatter/index2.html
From CERN in Switzerland, the amazing particle physics laboratory
that brought us Tim Berners-Lee and the World Wide Web, comes this
introduction to antimatter. Tune in on November 21 to a live
educational webcast produced in cooperation with San Francisco's
Exploratorium or listen anytime to the archived presentation. Take
a guided video tour of the Low Energy Anti-Proton Ring (LEAR), a
particle accelerator that lets scientists create and observe
antimatter in a quest to understand how the universe works. Read
about Paul Dirac and the history of antimatter or see how it has
seeped in to our daily lives.
--------------------
Utopia: The Search for the Ideal Society in the Western World
http://www.nypl.org/utopia/
In bilingual collaboration with the BibliothSque nationale de France
(France's national library), this exhibition explores the roots of
utopian thinking from ancient traditions to modern times. Travel
from the Garden of Eden to the City of God, then on to Thomas More's
definitive 1516 work, Utopia, a word that means both "good place"
and "no place." The exquisite image collection covers the Enlightenment,
19th-century revolutionary dreams, 20th-century dystopic nightmares,
and 21st-century metaworlds. The paintings and illustrations will
make you wish you were going nowhere too... or would that be
Erewhon?
--------------------
This is SportsCenter
http://espn.go.com/thisissportscenter/
Which is better: ESPN's SportsCenter or the commercials for the
show? If you're a fan of the latter, you'll enjoy this rotating
selection of choice ads. No dumb beer ad humor here. SportsCenter
ads are like tiny Saturday Night Live skits: self-deprecating,
offbeat, and usually very funny, even if you don't like sports. So
treat yourself to a two-minute sanity timeout.
--------------------
short stories at east of the web
http://www.short-stories.co.uk/
British web-design firm east of the web presents this splendid
collection of short stories organized by theme: fiction, romance,
crime, sci-fi & fantasy, humor, horror, hyperfiction, children's,
and non-fiction. How perfectly civil of them. Most of the stories
are wonderful, and thanks to public interest copyright law, they're
all free. Read them onscreen, print them out for the train ride
home, or download them onto your Palm Pilot.
--------------------
Lego Star Wars Trilogy
http://www5b.biglobe.ne.jp/~mbsf/
The product of over 2,500 hours of monomaniacal determination, the
Lego Star Wars Trilogy recreates 180 key scenes from the original
series. Relive all of those magical moments through Lego-lensed
glasses: the Tatooine races, the Hoth battles, the Ewok dances.
You won't find any Millennium Falcon or Imperial Walker Lego sets
in stores; these are all custom-made models. As your Japanese host
S. Fujita proclaims, "I completed this project by myself without
any support." Thank you, S. Fujita.
------------------------------------------------------------------------
-- Daily Picks
------------------------------------------------------------------------
The following sites were featured recently in our update of
Daily Picks:
--------------------
Polo Ralph Lauren - elegant clothes straight from the horse's
mouth.
http://www.polo.com/
--------------------
The Beatles - you say you want a revolution...?
http://www.thebeatles.com/
--------------------
Ideas.com - if you have some, share them with the world.
http://www.ideas.com/
--------------------
Sony Style - it's the height of digital fashion.
http://www.sonystyle.com/
--------------------
ZapSpot - anyone can become a player.
http://www.zapspot.com/
--------------------
Hitler's Lost Sub - NOVA tells the tale of a U-Boat found off the
Jersey shore.
http://www.pbs.org/wgbh/nova/lostsub/
--------------------
Sade - back after eight years with smooth music for lovers.
http://www.sade-online.com/
--------------------
DinoQuest Sahara - rummaging for relics in the desert.
http://www.nationalgeographic.com/dinoquest/
--------------------
Build Your Jaguar - you pick the specs, they provide the wheels.
http://www.buildyourjaguar.com/
--------------------
WebMiles - earn miles any time you leave the ground.
http://www.webmiles.com/
--------------------
Riders Jeans - casual, cool denims for the entire family.
http://www.ridersjeans.com/
--------------------
Holocaust Denial on Trial - building a case against revisionism.
http://www.HolocaustDenialOnTrial.org/
--------------------
Sex Wars - Mars and Venus battle it out in latenight.
http://www.sexwars.com/
--------------------
Netscape 6 - it's new.
http://home.netscape.com/browsers/6/
--------------------
Online Shorts - Yahoo! Movies now screens the best short films on
the Web.
http://movies.yahoo.com/shorts/
--------------------
The American Presidency: A Glorious Burden - the Smithsonian recounts
past administrations.
http://americanhistory.si.edu/presidency/index.html
--------------------
No One Lives Forever - Cate Archer -- secret agent in a skintight
catsuit.
http://www.noonelivesforever.com/
--------------------
Orangina - still shaking up the beverage industry.
http://www.orangina.com/anglais/
--------------------
totshop - posh duds for discriminating toddlers.
http://www.totshop.com/
--------------------
Claudia Schiffer - picture-perfect fraulein offers a glimpse into
her portfolio.
http://www.claudiaschiffer.com/
--------------------
How the Grinch Stole Christmas - Jim Carrey turns Whoville upside
down.
http://www.meanone.com/
--------------------
Acura 2001 EL - take a ride in their luxury sedan.
http://www.2001el.com/
--------------------
Teen People - stars, style, and buzz for the junior set.
http://www.teenpeople.com/
--------------------
Thinkblot - what you see in the ink will make you think.
http://www.thinkblot.com/
--------------------
Privacilla.org - open source for public records.
http://www.privacilla.org/
------------------------------------------------------------------------
Feel free to stop by for the complete text that surrounds our list of
Picks or simply for the list, whichever you prefer:
http://www.yahoo.com/picks/
Also try our Daily Picks, a way for us to get noteworthy sites to you
as we see and add 'em:
http://dir.yahoo.com/new/
------------------------------------------------------------------------
If you'd like to stop receiving these weekly emails, click on the
link below. It is a one-step process: you will be unsubscribed after
simply clicking on the link.
http://cgi.yahoo.com/bin/yahoo-picks-unsub?email=shusser%40enron%2ecom&key=irv
Xl8f0
|
{
"pile_set_name": "Enron Emails"
}
|
---------------------- Forwarded by Stephen Thome/HOU/ECT on 11/30/2000 12:21
PM ---------------------------
Alan Larsen
11/29/2000 05:33 PM
To: Jake Thomas/HOU/ECT@ECT, Jeff G Slaughter/PDX/ECT@ECT, Stephen
Thome/HOU/ECT@ECT, Mark Mullen/PDX/ECT@ECT, Jonalan Page/PDX/ECT@ECT
cc: Christopher F Calger/PDX/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Karen E
Jones/HOU/ECT@ECT, Chip Schneider/NA/Enron@Enron, David Leboe/HOU/ECT@ECT,
Brian Kerrigan/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT
Subject: PSCo/Enron PPA - First Amendment (Final)
Here is the execution version of the PPA amendment. I am taking a copy to
Jake for his signature which I will then fax to Jim Jordan today. I will
also get Jake to sign two hard copies that we will send by overnight courier
to Jim Jordan, for execution as described below in Don Kane's note.
---------------------- Forwarded by Alan Larsen/PDX/ECT on 11/29/2000 03:19
PM ---------------------------
"G. Donohue Kane" <[email protected]> on 11/29/2000 04:30:59 PM
To: <[email protected]>
cc: <[email protected]>
Subject: PSCo/Enron PPA - First Amendment (Final)
Al:
Attached is the amendment with the two small changes we discussed. Jim
Jordan will look for your overnight package with two signed originals
tomorrow morning. Upon receipt, Jim will (i) obtain the signature of PSCo's
Paul Bonavia, (ii) fax a copy of the fully executed amendment to you, and
(iii) return one fully executed original by overnight delivery to your
attention.
If you have any questions, please feel free to call me or Jim.
Don Kane
- 7T9401!.DOC
|
{
"pile_set_name": "Enron Emails"
}
|
Start Date: 4/17/01; HourAhead hour: 6; No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.
LOG MESSAGES:
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041706.txt
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
Details: (Hour: 6 / Preferred: 12.00 / Final: 11.98)
TRANS_TYPE: FINAL
SC_ID: ECTRT
MKT_TYPE: 2
TRANS_DATE: 4/17/01
TIE_POINT: PVERDE_5_DEVERS
INTERCHG_ID: EPMI_CISO_ERNIE
ENGY_TYPE: WHEEL
---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
Details: (Hour: 6 / Preferred: -100.00 / Final: -98.00)
TRANS_TYPE: FINAL
SC_ID: EPMI
MKT_TYPE: 2
TRANS_DATE: 4/17/01
TRADING_SC: AEI1
PNT_OF_INTRC: NP15
SCHED_TYPE: ENGY
PURCH_SALE: 1
DEAL_NO: 1
---- Load Schedule ----
$$$ Variance found in table tblLoads.
Details: (Hour: 6 / Preferred: 104.88 / Final: 102.88)
TRANS_TYPE: FINAL
LOAD_ID: SDG1
MKT_TYPE: 2
TRANS_DATE: 4/17/01
SC_ID: EPMI
|
{
"pile_set_name": "Enron Emails"
}
|
Francis - do you know approximately how long this will take? Please call me
if I can help in any fashion.
Thanks,
Susan
x3-1462
---------------------- Forwarded by Susan D Trevino/HOU/ECT on 12/08/2000
01:39 PM ---------------------------
Susan D Trevino
12/07/2000 04:37 PM
To: Tana Jones/HOU/ECT@ECT
cc: Shona Wilson/NA/Enron@Enron, Burton McIntyre/HOU/ECT@ECT, Chris
Abel/HOU/ECT@ECT, Francis S Lim/HOU/ECT@ECT
Subject: Nymex Report
Tana - I met with Francis today and he will make the changes that you
requested to the Nymex report. Please call if you have any questions or
comments.
Thanks,
Susan
x3-1462
|
{
"pile_set_name": "Enron Emails"
}
|
Attached is a clean and redlined copy of the ENA's IT Agreement on Lost
Creek. The revisions incorporate Chris Hoekenga's comments. Please review
and let me know if this looks acceptable. If OK we can forward to BR for
their final review.
|
{
"pile_set_name": "Enron Emails"
}
|
pull out your settlement matrix and see if this SA agrees with that
document. I don't necessarily think it does. Didn't we basically agree to
disagree and/or deal with this issue outside the settlement process? Are you
saying that Edison can reserve capacity in the same manner as Core and 50% of
noncore, but at the approx. 7.9 cent rate?
HEY, WAIT A MINUTE.... is this language saying that they can convert the
VALUE of their capacity rights to a capacity contract at the point? For
example, if Edison has 200/d at 1 cent Wheeler access fee, they could conver
it to approx. 25/d at the full 7.9 cent rate?
Let's get clarification!!!
"Foss, Robert" <[email protected]> on 04/13/2000 06:14:03 PM
To: "'[email protected]'" <[email protected]>
cc:
Subject: RE: more Edison/SDGE stuff
I agree 100% and I want them to state they may elect the capacity however,
it is at the current rate if you will. This is an attempt to take us back
several weeks in my opinion.
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Thursday, April 13, 2000 6:12 PM
To: [email protected]
Subject: more Edison/SDGE stuff
Rob,
Look at the conforming languange in the Appendix "A" last page, last
paragraph. You know that this language was negotiated by and between
SoCalGas and Edison. My main concern is that its very, very open ended...
almost a contingent liability for all settlement parties.
Jeff
|
{
"pile_set_name": "Enron Emails"
}
|
That makes sense. So you really are not using any ENA space but then I need
to check the overrun charges on the invoice. If its ok with you, I think
I'll just wait to review the invoice before I do anything with that.
12/27/2000 08:47 AM
Jeffrey Porter@EES
Jeffrey Porter@EES
Jeffrey Porter@EES
12/27/2000 08:47 AM
12/27/2000 08:47 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: 22nd
I know we overan SST in COH. Our nom was lower, but the retro increased.
Alvin & Joanne were checking TCO. We are hoping they don't cut us and don't
want to tip them that they could.
|
{
"pile_set_name": "Enron Emails"
}
|
Just so you know, this is what I sent Redmond about that 311 case.
-----Original Message-----
From: Hull, Bryan
Sent: Tuesday, August 14, 2001 7:16 AM
To: Redmond, Brian
Subject: FW: Section 311
Brian, this is a pretty good explanation of the case thus far......
Commissioner Wood is aware of the conflict between PG&E (now EPGT) and Southern Union, probably because of lobbying by Southern Union, and that is why he raised the issue. Southern Union states in its initial brief (#9 below) that it opposes the high demand rates that it says EPGT proposes to charge for a service that does not incorporate the consumer protections of Order No. 636 and argues that FERC should impose Order No. 636 standards on PG&E. I was watching a video stream of the meeting, and the whole discussion seemed to come out of nowhere.
Here are the facts in this case.
1) On December 20, 1999, PG&E Texas Pipeline, LP (the predecessor to EPGT Texas Pipeline, LP) filed a petition with FERC for approval of transportation rates under Section 311 along , as they were required to do. (All intrastate pipelines that perform Section 311 service must either have their rates approved by FERC or they must charge rates that are approved by a state regulatory body for a similar service.) PG&E's filing proposed, in addition to the usual interruptible service, a firm Section 311 service as well as an interruptible parking and lending service. PG&E also filed a revised Statement of Operating Conditions to reflect the new services.
2) On February 25, 2000, Southern Union Gas Company, an intrastate transportation customer of PG&E, filed a late motion to intervene and raised issues which it stated should be addressed in a hearing. PG&E opposed the late intervention, but FERC granted it on April 14, 2000. (PG&E stated that Southern Union was intervening in order to gain leverage in renegotiating its contract for intrastate service.)
3) Southern Union submitted data requests to PG&E on April 13 and April 17. PG&E attempted to get a protective order issued, but FERC rejected their request.
4) A settlement conference was held on September 7, 2000.
5) A Staff Panel was convened on October 2, 2000, in order to conduct an advisory, non-evidentiary proceeding for oral arguments on the issues, with instructions to make recommendations to the Commission within 90 days.
6) On November 1, 2000, FERC requested 5 pages of additional information from PG&E in order to complete the application in the proceeding, which PG&E provided on November 8th. On December 8th, PG&E provided additional information in response to a FERC data request.
7) On January 10, 2001, Southern Union submitted a proposed alternative to the cost of service and rate design that was filed by PG&E.
8) On January 17, El Paso Field Services informed FERC that PG&E Texas Pipeline, LP had been acquired by El Paso on December 22, 2000, and that the name was changed to EPGT Texas Pipeline, LP.
9) On January 24, 2001, EPGT Texas and Southern Union filed initial briefs.
10) On July 17, 2001, EPGT filed supplemental comments in response to the discussion at FERC summarized below, where Commissioner Wood inquired about the extension of some Order No. 636 and 637 provisions to Section 311 service providers. EPGT stated that, if FERC proceeds with this policy, it should do so in a generic rulemaking and not in an individual pipeline proceeding. On July 30, 2001, Southern Union filed reply comments opposing EPGT's supplemental comments.
11) On August 3, EPGT filed an amended Statement of Operating Conditions, which provides for electronic nominations, two additional nomination cycles, bumping, clarified and updated credit provisions, modified quality provisions to protect system integrity, and more clearly defined authorized overrun service.
The NGPA gives FERC authority over intrastate pipeline rates for Section 311 service and requires that such service be provided on a non-discriminatory basis, but there is some question as to whether it gives FERC authority to require, for example, compliance with Order Nos. 636 and 637.
Please let me know if this is enough detail (or maybe it's more than you wanted!!).
|
{
"pile_set_name": "Enron Emails"
}
|
You shouldn't be sorry about the fact that you need help.
K
Enron Capital & Trade Resources Corp.
From: Bill Williams III 03/15/2001 11:00 AM
To: Kate Symes/PDX/ECT@ECT
cc:
Subject: Re: 550048/550042
Thanks, sorry about that. I appreciate the help.
B
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{
"pile_set_name": "Enron Emails"
}
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Kim,
Thanks a lot. I appreciate your kind words.
Vince
Kimberly Watson@ENRON
01/19/2000 04:46 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: promotion
Vince, I want to congratulate you on your promotion to Managing Director! As
I scanned the list of people who were promoted, I was so pleased to see your
name on the list. As large as Enron is, it is refreshing to see people like
you with incredible skill and talent receive deserving promotions. I have
certainly enjoyed working with you and the R&D team over the past year and
look forward to a successful 2000 as we break new ground for ET&S. Kim.
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{
"pile_set_name": "Enron Emails"
}
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