text
stringlengths 1
2.01M
|
---|
-----Original Message-----
From: Research [mailto:research@texasbar.com]
Sent: Friday, March 09, 2001 3:18 PM
To: ccbatx@aol.com; LopezA@co.potter.tx.us; cmaher@dallasbar.org;
epba@dzn.com; hba-office@hba.org; hcba@hiline.net; director@jcba.org;
lcba@lcba.org; iccanales@nueces.esc2.net; trisha@tarrantbar.org;
delaine@travisbar.com; countylaw@tyler.net; JAOVER@yahoo.com
Subject: Annual Meeting Survey (2001)
Annual Meeting Survey
The State Bar of Texas has appointed a committee to study the Annual Meeting
and its programs. The committee would like to hear your views about Annual
Meeting and would appreciate your taking a few minutes to answer this
survey.
To answer this survey, 1) touch the "Reply to sender" button on your
computer (specifying that the message be included), 2) fill in your
responses, 3) make sure that research@texasbar.com is typed in the "To:"
box as the recipient, and 4) send.
Your responses will be sent to the Department of Research and Analysis at
the State Bar. If you would prefer, you may print this message, and fax it
with your answers filled in to 512/463-1475.
We would appreciate receiving your completed survey by March 23, 2001.
1. Have you ever attended a State Bar of Texas Annual Meeting?
[ ] Yes (Please answer Question 2a.)
[ ] No (Please skip to Question 3a.)
QUESTIONS FOR THOSE WHO HAVE ATTENDED ANNUAL MEETING:
2a. How many Annual Meetings have you attended?
[ ] One meeting
[ ] Two meetings
[ ] More than two meetings
2b. Using the following scale, please indicate how important each of the
following features was in your decision to attend Annual Meeting.
1=very unimportant
2=somewhat unimportant
3=neither unimportant nor important
4=somewhat important
5=very important
[ ] Section CLE programs
[ ] Other CLE programs
[ ] General Session Luncheon
[ ] Committee meetings
[ ] Section meetings
[ ] Division meetings
[ ] Resolutions Committee meeting
[ ] Social events (Welcome Party, President's Party)
[ ] Texas Bar Foundation dinner
[ ] Spouse/Guest/Family activities
[ ] Location
[ ] Networking
[ ] Exhibits
[ ] Other (Please specify.)
2c. If you had to eliminate any of the events listed in 2b, which would you
eliminate? __________________________________________________
QUESTIONS FOR THOSE WHO HAVE NEVER ATTENDED ANNUAL MEETING:
3a. Using the following scale, please indicate how important each of the
following factors was in your decision NOT to attend Annual Meeting.
1=very unimportant
2=somewhat unimportant
3=neither unimportant nor important
4=somewhat important
5=very important
[ ] Registration fees too high
[ ] Travel and accommodations too costly
[ ] Location(s) not desirable
[ ] Can't afford time out of office
[ ] Other scheduling difficulties
[ ] CLE not relevant to my practice
[ ] Attend meetings of other organizations for professional development
needs
[ ] I see no benefit to attending
[ ] Other (Please specify.) ___________________________________
3b. Is there anything that would persuade you to attend Annual Meeting in
the future?
[ ] Yes (Please specify.) _______________________________________
[ ] No
[ ] Not sure
3c. With which of the following features of Annual Meeting are you familiar?
(Check all that apply.)
[ ] Section CLE programs
[ ] Other CLE programs
[ ] General Session Luncheon
[ ] Committee meetings
[ ] Section meetings
[ ] Division meetings
[ ] Resolutions Committee meeting
[ ] Social events (Welcome Party, President's Party)
[ ] Texas Bar Foundation dinner
[ ] Spouse/Guest/Family activities
[ ] Other (Please specify.) _____________________________________
QUESTIONS FOR EVERYONE:
4. Which of the following formats would you prefer for a CLE program?
[ ] High profile speakers
[ ] "Nuts and bolts" practice program
[ ] No preference/not sure
5. Do you plan to attend the 2001 Annual Meeting in Austin?
[ ] Yes
[ ] No
[ ] Not sure
Please add any additional comments or suggestions you may have below:
Thank you very much for taking the time to respond to this survey! |
This will indeed be a St Patrick's Day for us to remember in years to come.
Now that I am back in the office from Adelaide let me give some more
considered replies.
It appears there has been a bit a communication mix-up no doubt not helped by
me being out of the office. So l let me go back to the beginning. Enron
Australia Finance Pty. Ltd. is authorised to trade Australian power
derivatives with counterparties so long as it follows certain procedures laid
out by the Government. These require " that before entering into a contract
with a counterparty, the registered facility provider (ie Enron Australia
Finance) must be satisfied on reasonable grounds:
(a) about the creditworthiness of the counterparty; and
(b) that the counterparty is contracting on its own account."
This obligation is imposed on EAF and makes no difference whether the
counterparty has an Australian presence or not.
In the case of EAF there was also a requirement for us to provide
counterparties with an Enron Corp. guaranty. (Although this strict legal
obligation
provision was deleted in July 1999.)
Hence one of the issues that was addressed in our legal checklist was a
procedure to vet potential counterparties. We have procedures in place in the
Sydney office to do this. I understood that this activity would still be
done in Sydney ie our list of 26 counterparties. the alternative was to
develop procedures if it was to done else where.
On Tuesday we will submitt the formal notification we need to make to the
Australian Securities and Investments Commission that we are adopting a
screen based trading system. (This is a legal requirement). Although unlikely
they may enquire as to our procedures for vetting counterparties.
I was ready to explain there will be a continuation of the same procedures.
In short there is nothing which needs to be added to extend the GTCs to
counterparties that do not have an Australian presence. The major sensitivity
is taxes and withholding tax in particular where the payment is being
directed outside Australia. On reviewing the subject this evening I agree
with Chris Catts there does
not appear to be an issue. But I endorse Heidi's comment that now we know
that there could be non-resident counterparties (a first for us) lets close
off the tax
issue. I have reviewed the various GTCs and probably the attached ECT
Resources International Corp. GTCs is the most appropriate base to develop an
appropriate clause.
Heidi I can reschedule to get some time on Monday to meet with Chris. We
could hopefully settle the words.
In the interim I confirm that the GTCs are satisfactory. David F if you must
load GTCs Friday (Houston time) then I suggest we go with what we have. I
would ask for one small change.One small change though. Tana picked up one
point. A new paragraph 2.1 (f) should be included as follows.
"(f) Subparagragh 2(c) of the ISDA Master Agreement will not apply to all
Transactions"
Heidi Mason
03/17/2000 04:54 PM
To: David Forster/LON/ECT@ECT
cc: Debbie R Brackett/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor/HOU/ECT@ECT, Paul
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Dilworth/LON/ECT@ECT, Arfan
Aziz/LON/ECT@ECT, Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Australian Status
Dave
I have had the following responses on the issues we discussed earlier:
I spoke with David Minns re the 'Eligible Persons' criteria, and he noted
that while he had discussed the capital/asset holding criteria with Tana, he
had not provided to anyone the other criteria, and that while these may be
covered by the US criteria, there will need to be a review of all criteria
before we can assess that all are covered.
I spoke with Chris Catt at Price Waterhouse Coopers and he confirmed that
provided there is no interest component in the cross border settlements made,
there will be no with-holding tax issues re the payments/receipts. I am going
to meet with Chris on Monday to discuss both the taxation implications and to
review the GTC.
On the settlement issue, in the short term the best way to do the settlements
for non-NEMMCO members would be via wires from Houston (this is how we
settled our one previous cross border transaction) as this gives a third
party review of the payments prior to release.
Regards
Heidi
David Forster@ECT
17/03/2000 11:10
To: Debbie R Brackett/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Heidi
Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor/HOU/ECT@ECT, Paul
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark Dilworth/LON/ECT@ECT, Arfan Aziz/LON/ECT@ECT
Subject: Australian Status
As I understand it, the current situation with regard to international
companies being able to transact on Australian power is this:
The only remaining potential issue is witholding tax. This may or may not be
an issue and is being researched by Heidi Mason. If it is an issue, it is
possible that we can borrow some language from the U.S. financial GTC. Heidi
will coordinate with David Minns and suggest a solution (if required) for
incorporation into the Australian GTC.
An issue was raised with regard to "Eligible Persons", and the requirement
that an "Eligible Person" hold more than $AUS 10 million. However, Tana Jones
has been in discussion with David Minns on this issue and determined that the
U.S. requirements are in fact more stringent than the Australian ones, hence
the application of U.S. criteria for Financial trades should be more than
sufficient to meet the Australian "Eligible Persons" requirements.
Furthermore, a perusal of the approvals by credit indicate that no companies
with an E-rating of less than 4 have been approved by credit.
An issue was also raised with regard to settlements and the use of
Austra-Clear. However, as we are unlikely to have large numbers of foreign
companies transacting on Australian power in the near term, this should be a
problem which can be resolved in the back office if it arises and should not
impact the GTC, the planned Monday launch or the customer profiles.
At this point, I am anticipating (possibly) having a witholding tax revision
to the GTC, which will be uploaded to the system on Friday (Houston time).
If anyone has any questions or concerns, please contact me on 713 853 1861
(office) or 713 562 8678 (cell).
Thanks,
Dave |
what are you doing tonight |
FYI,
To date, we have executed 21 amendments to ETA's. |
'For the Record' questions for the ENSIDE Newsletter. I will send you several issues so that you can see final form.
I usually break it into four segments to keep it simple. If someone wants to elaborate on a point or digress, that is OK.
I. Background/Education
II. Industry Experience
III. Goals/Priorities for the Future
IV. Personal Business Philosophy
Let me know what else you need!
Kathie |
I tried to call you back today, but was told that you had left the office.
Tried to leave you a voice mail message, but no one in the office knew how to
transfer my call into voice mail. They were good about answering your phone,
however!
I will call you tomorrow morning before my first meeting at 8:30. If I miss
you, I will ask my assistant to interrupt me when you call back. I will be
in meetings with operations people from London and Sydney tomorrow, but can
easily step out to talk with you. |
Okay... CES should be up-to-date on all Navigator data runs for CES, ENA,
CALP as shippers for Jan, Feb, Mar, and April. I sent each month seperately
to Molly and Ernie as comma delimited files. Ernie was successful with the
first file I sent.
Just remember that these files include the complete data dump for all
transport. I sent Molly and Ernie the package id's that should be excluded
(Enron Markets).
Also, the volumes may change or have changed due to TCO actuals.
Thanks!!!!!!!!!!!!!!!!!! |
---------------------- Forwarded by Judy Hernandez/HOU/ECT on 04/07/2000
10:25 AM ---------------------------
Enron North America Corp.
From: Maria Sandoval 04/06/2000 01:36 PM
To: Andrea R Guillen/HOU/ECT@ECT, Phenicia Olivier/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Cassandra S
Dutton/HOU/ECT@ECT, Lorraine Becker/HOU/ECT@ECT, Angela Henn/HOU/ECT@ECT,
Melba Lozano/HOU/ECT@ECT, Chantelle Villanueva/HOU/ECT@ECT,
patty.soria@halliburton.com, elizabeth.gutierrez@eott.com, Judy
Hernandez/HOU/ECT@ECT, Elizabeth Soto/HOU/ECT@ECT, amolina@unifirst.com,
apena26@hotmail.com, Pamela Sonnier/HOU/ECT@ECT, Brenda
Barreda/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Yolanda Pena/Corp/Enron@Enron
cc:
Subject: FW: [Fwd: good story]
---------------------- Forwarded by Maria Sandoval/HOU/ECT on 04/06/2000
02:35 PM ---------------------------
From: Brenda Barreda@ENRON_DEVELOPMENT on 04/06/2000 12:06 PM
To: MY BUDDIES, Iracema Hernandez/Corp/Enron@ENRON
cc:
Subject: FW: [Fwd: good story]
---------------------- Forwarded by Brenda Barreda/ENRON_DEVELOPMENT on
04/06/2000 01:05 PM ---------------------------
Enron Engineering & Construction Company
From: Definia Richardson 04/06/2000 01:02 PM
To: Brenda Barreda/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: FW: [Fwd: good story]
---------------------- Forwarded by Definia Richardson/ENRON_DEVELOPMENT on
04/06/2000 01:02 PM ---------------------------
"Richardson, Anthony AJ SHCAP" <AR200243@MSXSOC.SHELL.COM> on 04/06/2000
11:16:20 AM
To: "'Definia.Richardson@enron.com'" <Definia.Richardson@enron.com>
cc:
Subject: FW: [Fwd: good story]
> > READ THIS. LET IT REALLY SINK IN.
> > THEN CHOOSE HOW YOU START YOUR DAY TOMORROW.
> >
> > Michael is the kind of guy you love to hate. He is always in
> a good
> > mood and always has something positive to say: When someone
> would
> > ask him how he was doing, he would reply, "if I were any better,
> I would
> > be twins!"
> > He was a natural motivator.
> >
> > If an employee was having a bad day, Michael was there
> telling the
> > employee how to look on the positive side of the situation.
> >
> > Seeing this style really made me curious, so one day I went
> up to
> > Michael and asked him, "I don't get it! You can't be a
> positive
> > person all of the time.
> >
> > How do you do it?"
> >
> > Michael replied, "Each morning I wake up and say to myself,
> you have
> > two choices today.
> >
> > You can choose to be in a good mood or you can choose to be
> in a bad
> > mood. I choose to be in a good mood.
> >
> > Each time something bad happens, I can choose to be a victim
> or I
> > can choose to learn from it. I choose to learn from it.
> >
> > Every time someone comes to me complaining, I can choose to
> accept
> > their complaining or I can point out the positive side of life. I
> choose
> > the
> > positive side of life.
> >
> > "Yeah, right, it's not that easy," I protested.
> >
> > "Yes, it is," Michael said. "Life is all about choices.
> When you
> > cut away all the junk, every situation is a choice.
> >
> > You choose how you react to situations.
> >
> > You choose how people affect your mood. You choose to be in
> a good
> > mood or bad mood. The bottom line: It's your choice how you live
> life."
> >
> > I reflected on what Michael said. Soon thereafter, I left
> the Towe
> > Industry to start my own business. We lost touch, but I
> often
> > thought about him when I made a choice about life instead of
> reacting to
> > it.
> >
> > Several years later, I heard that Michael was involved in a
> serious
> > accident, falling some 60 feet from a communications tower.
> >
> > After 18 hours of surgery and weeks of intensive care,
> Michael was
> > released from the hospital with rods placed in his back.
> >
> > I saw Michael about six months after the accident. When I
> asked him
> > how he was, he replied. "If I were any better, I'd be twins.
> >
> > Wanna see my scars?" I declined to see his wounds, but did
> ask him
> > what had gone through his mind as the accident took place.
> >
> > "The first thing that went through my mind was the well-being
> of my
> > soon to be born daughter, " Michael replied. "Then, as I
> lay on
> > the
> > ground, I remembered that I had two choices: I could choose
> to live
> > or I could choose to die. I chose to live."
> >
> > "Weren't you scared? Did you lose consciousness?" I asked.
> >
> > Michael continued, "...the paramedics were great. They kept
> telling
> > me I was going to be fine. But when they wheeled me into the ER
> and I
> > saw
> > the expressions on the faces of the doctors and nurses, I got
> really
> > scared.. In their eyes, I read 'he's a dead man."
> >
> > I knew I needed to take action."
> >
> > "What did you do?" I asked.
> >
> > "Well there was a big burly nurse shouting questions at me,"
> said
> > Michael. "She asked if I was allergic to anything. "Yes, I
> > replied."
> > The doctors and nurses stopped working as they waited for my
> reply.
> > I took a deep breath and yelled, "Gravity."
> >
> > Over their laughter, I told them, "I am choosing to live.
> Operate on
> > me as if I am alive, not dead."
> >
> > Michael lived, thanks to the skill of his doctors, but also
> because
> > of his amazing attitude. I learned from him that every day we
> have the
> > choice to live fully.
> >
> > Attitude, after all, is everything.
> >
> > "Therefore do not worry about tomorrow, for tomorrow will
> worry
> > about itself.
> >
> > Each day has enough trouble of its own."
> > Matthew 6:34
> >
> > After all today is the tomorrow you worried about yesterday.
> >
> > You have two choices now:
> > 1. Delete this.
> > 2. Forward it to the people you care about.
> >
> > I hope you will choose #2. I did |
If possible, it would be helpful to get your take on what happened to a
larger audience. Afetr a few weeks of optimism, it appears to be changing.
-----Original Message-----
From: Schneider, Chip
Sent: Friday, March 23, 2001 8:20 AM
To: Calger, Christopher; Duran, W David; Steffes, James; Comnes, Alan;
Tribolet, Michael
Subject: FW: California Assembly Fails to Pass AB8, May Vote Today
-----Original Message-----
From: Paul Patterson <Paul_Patterson@xmr3.com>@ENRON
[mailto:IMCEANOTES-Paul+20Patterson+20+3CPaul+5FPatterson+40xmr3+2Ecom+3E+40EN
RON@ENRON.com]
Sent: Friday, March 23, 2001 8:19 AM
To: Schneider, Chip
Subject: FYI: California Assembly Fails to Pass AB8, May Vote Today
Credit Suisse First Boston
Paul Patterson
The California Assembly failed to pass AB8 last night in a 48-24 vote
(two-thirds are needed to pass emergency legislation). Assembly Republicans
opposed the bill criticizing the state's spending on electricity. The
Assembly may vote on it again today or over the weekend. Assembly Speaker
Robert Hertzberg canceled his trip to DC and will work with the group today
or over the weekend.
If you would prefer not to receive further messages from this sender, please
click on the following link and confirm your request:
Mailto:K-2-62573-737343-2-158-US2-5ECB8BEB@xmr3.com
You will receive one additional e-mail message confirming your removal. |
Thanks for the update.
-----Original Message-----
From: Lavorato, John
Sent: Friday, November 16, 2001 7:34 AM
To: Horton, Stanley
Subject: RE:
Stan
I met with El Paso yesterday. They seem very interested.
Thanks
-----Original Message-----
From: Horton, Stanley
Sent: Friday, November 09, 2001 4:36 PM
To: Lavorato, John
Subject: RE:
I will call him again on Monday. Do I get a commission. Just kidding.
-----Original Message-----
From: Lavorato, John
Sent: Friday, November 09, 2001 4:23 PM
To: Horton, Stanley
Subject:
Stan
I haven't heard from the fellow from El Paso |
Jeff:
We'll complete the draft CPUC sales report you faxed. It looks like it
should be mostly "zero's" for this period - you could not have sales
already in California, correct?
And to confirm our conversation of Thursday, we are to recommend ICAs
for Pacific and for GTE/Verizon. Enron can generally pick & choose
whole sections too.
In Arizona, a state Court of Appeals recently issued an opinion, FYI,
which requires specific fare market price setting prior to grants of
CPCN authority and this has delayed many Applications pending there. I
will check with Anita on the status of Enron in Arizona.
We also drafted several Customer Notices to be submitted to the CPUC
with the latest tariffs and will send you copies prior to filing.
Please let us know any questions,
Jeremy
Blumenfeld & Cohen |
Tana,
Back in March of '97, we did an IR swap with the above counterparty. I think
the documentation may have been done in legal, as we have no record of it at
all, and nothing ever went to the file room. Would it be possible for you to
pull the file and se if there is a confirm for a trade with the following
details?
Initial Notional USD 5,803,569
ENA pays float--1month LIBOR
CPFL pays fixed 6.15%
Effective October 30, 1997
Expires December 31, 2001
Deal number M 43205
If you have such a deal, could you please forward me a copy of the
confirmation? THanks! |
As detailed in the attached FERC notice, the Office of Management and Budget (OMB) has approved FERC's Information Collection Request for "Reporting of Natural Gas Sales to the California Market" through the six-month emergency period that will expire on 1/31/02. (Emergency reporting requirements are automatically approved for six months under the OMB regulations.) However, it gave FERC several conditions that would have to be met before the reporting requirements could be extended.
OMB has advised FERC that, if it decides to request renewal of the Information Collection Request after that date, it must address certain issues as part of its supporting statement (more specifically, "include an explicit discussion"). As you may remember, in addition to requesting rehearing of the FERC order, ENA and EES submitted comments to OMB regarding our problems with FERC's estimate of the burden on affected companies of the proposed collection of information. We pointed out that we do not manage our business in the manner contemplated by the reporting requirements, much less keep our records in that manner. We manage our business on an aggregated basis, and complying with the requirements will require us to implement significant manual review and analysis to arbitrarily define the components of a sale. We stated that we might even have to hire full-time staff to dedicate to the task.
The issues that we raised in our comments are the same ones that OMB requires FERC to address if they submit a request for approval to extend the reporting requirements past 1/31/02. (FERC indicated in its July order that it intended to extend the reporting requirement through 9/30/02 to coincide with the end date of its mitigation plan.) OMB questioned the practical utility of requiring disaggregated data when "commenters" reported that they did not maintain the data in a way that allowed them to report it that way. OMB expressed concern that the data collection would require significant data manipulation in order to respond, and the resulting disaggregation would likely be artificial. OMB also required FERC to evaluate its burden estimates after "consulting with respondents", and it must provide a list of the names, affiliates, and phone numbers of the respondents it contacted.
FERC has not yet issued an order on our rehearing request. While we would not expect them to withdraw the reporting requirements entirely, it may be that the OMB action will affect their final decision. At the least, it sends a signal! |
Changes in Enron's business require us to reevaluate how we approach the
engineering and construction function within Enron. Specifically, Enron
Energy Services' (EES) business has grown dramatically and that requires
considerable additional engineering and construction resources both to
develop solutions for customers and to deliver those solutions to customers.
Additionally, in light of Enron's continued emphasis on increasing our return
on invested capital, we have been engaged in fewer large scale construction
projects around the world. Historically, these projects have been a primary
focus of EECC's activities. Consequently we are making the following
organizational changes concerning EECC:
EECC's pipeline construction group, led by Jerry Martin, will become part of
Enron Transportation Services.
NEPCO will continue to operate as a stand alone entity focused on power plant
construction services to Enron entities and third parties.
The remainder of EECC will become part of EES. Larry Izzo will report to the
EES Office of the Chairman.
These changes will better align our intellectual capital with the growth
opportunities within Enron and provide new and exciting opportunities for our
employees. Please join us in supporting and implementing these changes. |
Welcome to Enron Center South. As you have probably already noticed, things look a little different here. We wanted to orientate you to your new environment and inform you about the future technology coming on-line in the coming weeks.
Occupancy Guidebook To Enron Center South
You will find this handy guide on your desk; it contains information concerning the enhanced printer environment, the new easy access keyboards and telephony procedures.
NEC Monitors
The NEC monitors have an internal anti-glare screen to help reduce eye strain and eliminate the need to install an additional screen cover. Additionally, an integrated speaker has been installed on one monitor for each desk.
Turret Users
An "Alliance MX turret quick reference guide" has been placed on your desk; this includes important information about the new features such as "Caller ID" and "Voicemail Indication".
Increased Information Access
There are many NEC 50" Plasma screens installed on the 5th and 6th floors. While many of these will be displaying information designed for the specific unit, others will be displaying various television channels. The audio to these television channels can be accessed via any of your telephony equipment. Here's how:
Ten audio channels have been set up for access from your either your Avaya telephone, Stentophon, or IPC Turret. The channels have been defined on Page 15 of your Turret. To access the audio from either your Avaya or Stentophon, simply dial the extensions shown in the table below:
Channel Avaya Stentophon
Weather Channel 12401 801
CNN Headlines News 12402 802
CNN Financial News 12403 803
CNBC 12404 804
MSNBC 12405 805
Bloomberg 12406 806
Financial News Network 12407 807
CNN 12408 808
Fox Sports 12409 809
ESPN1 12410 810
Wireless Telephony
You may notice the cellular phone coverage is not consistent across the floor, and some areas have virtually no coverage at all. We are implementing a multi-network "in-building" system to provide consistent high quality service for the campus, keeping you in touch while you are on the move.
Wireless LAN
The infrastructure to support Wireless LAN technology is in place and is being tested. We will be implementing multi level encryption and security to keep our intellectual property safe from eavesdroppers or hackers.
Amtel Replacement
As a move to provide a more flexible "Plug n Play" environment and to help with the reduced desk footprint, we have replaced the Amtel message boxes with Microsoft Exchange Instant Messaging. The Global Messaging Team is testing additional software products to provide some of the features not available with Exchange Instant Messaging; these include one-touch response keys, external LED display, and printing. Updates will be provided as they become available.
Keeping an Open forum
We will keep you informed of the changes and developments as the migration to the building continues, please feel free to respond with any comments, queries or suggestions to mailto:Enron.Center.South.Technology@enron.com |
?
-----Original Message-----
From: Beth Miller [mailto:beth@billjones.org]
Sent: Monday, July 16, 2001 9:53 PM
To: beth@billjones.org
Subject: Campaign Update 7-16-01
To:??????? Republican Leaders
?
From:??? Beth Miller
???????????? Communications Director
?
RE:?????? Campaign Update
?
Sorry for the delay in getting you all the happenings of last week.? Bill
Jones has been going full steam ahead every day.? In fact, this week has
picked up right where we left off last week.? Let me take a minute to bring
you up to speed.
?
Bill Jones Exposes Massive Conflicts of Interests in Gray,s Energy Team
?
Thanks to Bill Jones dogged determination, the Governor,s energy advisors
and consultants are going to follow the laws!? First, Bill called for
complete public disclosure by Davis, 45 advisors by filing their
legally-required statements of economic interests to protect against any
conflicts of interest.? You can read about Bill,s call for action in
Thursday,s Sacramento Bee at
http://www.billjones.org/CAPolitics/CAPolitics.cfm?ID=2070&c=1.
Bet you can guess what happened next(the Governor,s office lied and
stonewalled until they couldn,t stand the pressure from the media.? So, they
hastily prepared 24 of the 45 advisor,s statements (some incomplete, some
very sloppily prepared ) perjury, anyone?) and made them available late on
Thursday afternoon.?
?
Well, wouldn,t you know ) there are astounding and disturbing conflicts of
interest by a number of the consultants and some potentially criminal
violations too.? But don,t take our word for it ) you can see what the Los
Angeles Times, San Francisco Chronicleand Sacramento Beehad to say after
reviewing the conflicts in the disclosure reports
?
"More than half a dozen consultants hired by the state to purchase
electricity and to negotiate long-term power deals own stock in generating
companies such as Calpine and Enron that have profited handsomely during
California's energy crisis," wrote the Los Angeles Times. To read the
article, visit http://www.billjones.org/CAPolitics/CAPolitics.cfm?ID=2072&c=1
.?? The SF Chronicle's analysis of the situation netted this fact.
"According to statements filed with the state's Fair Political Practice
Commission, six of 45 new consultants hired by Davis own stock in San Jose-
based Calpine Corp.,while one has investments in Enron Corp. of Houston.
Both companies are power generators that sell electricity to the state," the
Chroniclereported.? Check it out the Chronicle story at
http://www.billjones.org/CAPolitics/CAPolitics.cfm?ID=2071&c=1. Or the
Sacramento Bee,s coverage at
http://www.billjones.org/CAPolitics/CAPolitics.cfm?ID=2073&c=1.
?
Be sure to check out the newspapers on Tuesday, July 17, for coverage of
Bill,s press conference today in Los Angeles where he demanded that AG Bill
Lockyer immediately open an investigation into criminal misconduct and these
outrageous conflicts.? Bill also called on the Fair Political Practices
Commission to broaden the scope of their ongoing investigation into
conflicts with Gray,s communications consultants ) Lehane and Fabiani (This
investigation is thanks again to Bill,s efforts.)?
?
The facts are clear ) check out Bill,s remarks, some examples of specific
conflicts that have and are occurring with your tax dollars!? Visit the
Secretary of State,s web site at
http://ss.ca.gov/executive/press_releases/news_releases.htm for all the
information.
?
Look for coverage tonight on LA TV stations KCBS Ch. 2 and KTTV (Fox) Ch. 11
as well as radio stations around the state.? We,ll be sure to share with
you tomorrow,s newspaper stories.
?
In other happenings last week:
?
Fighting for A Fair Reapportionment:? At an Assembly Committee field
hearing in Orange County on Friday, Bill put the Legislature on notice:
&If the redistricting plans and maps which are created by the Legislature do
not meet the standards of fairness and equity described in judicial
decisions which should be familiar to all of those involved in the process,
I will initiate whatever legal action, in whatever court is necessary, to
guarantee that while I am Secretary of State, Californians will have fair
and accurate districts from which to select their leaders.
?
Visiting with the Grassroots:? Bill met this Saturday with old friends and
new at the California Republican Assembly,s Board of Directors Meeting in
Simi Valley.? Bill was warmly received and, according to &insiders8 at the
event, Bill came across as &very
statesman-like, firm and authoritative.8? We agree ) that,s the look of a
leader with the experience and vision for the job!? But the comment we like
the best(.&Jones was very gubernatorial." Couldn,t have said it better
myself!
?
Labeling Riordan a RINO:? Dick Riordan has earned the ire of many in our
Party who believe he is a Democrat wolf in Republican sheep,s clothing!?
Check out California Political Review editor William E. Saracino,s &Richard
Riordan * the Ultimate RINO8in which Saracino says, &Riordan,s record jars
with the Bush-wants-him-for-governor story.Turns out the story,s as wobbly
as Dick,s GOP credentials.8? You can find the article on line at ?
http://www.cppf.org/CPR/Columns/RiordanUltimateRINOS710.html
If Riordan,s record bothers you ) you,re not alone.? Phil Sheldon of
ConservativePetitions.com wants to send a clear message to Riordan through
his &No Riordan8 petition. As Phil points out: "In short, Richard Riordan is
a RINO who should not carry the banner of the Republican Party to run for
California Governor. The state of California should have a clear choice
between a conservative Republican and a Democrat -- not a choice between a
Republican In Name Only and an ultra-liberal in the Democrat Party.?
Republican leaders should not encourage Richard Riordan to run for
Governor."? If you'd like to sign the "No Riordan" petition, go to:
http://www.conservativepetitions.com/petition.html?name=no_riordan
?
That,s it for this week ) stay tuned as Bill Jones continues to hold Gray
Davis accountable to the people of California.? Bill Jones ) the &straight
shooter8 who will restore integrity and leadership to the Governor,s office.
?
Have a great week! |
Carol -
Attached you will find the following:
1. Marked drafts of the BETA and Fee Agreement - marked against the most
current drafts of each document previously forwarded to you;
2. Clean versions of the BETA and Fee Agreement incorporating all changes.
Please note the following:
A. Instead of providing a side letter for the changes to the BETA, we have
provided that this document will be signed by both parties offline. The
online BETA will not be effective for Natsource; however, later versions of
the BETA will be required to be signed on-line and, if terms are negotiated,
any changes will be reflected in a side letter. To accommodate this change,
certain modifications to both documents were made and are noted in the marked
drafts.
B. In reviewing the BETA, only one additional comment was made, other than
those associated with item A above. In the last sentence of paragraph 4(j),
the words "other than as a result of Broker's own actions or fault" have been
added after the word "days." This change merely recognizes the fact that
Broker is entitled to a refund if the basis upon which it cannot access the
website is an Enron related issue."
Please review the attached at your convenience. If all is in order, please
have two originals of each document signed and returned to my attention for
counter-signing by Enron. Once completed, one fully signed set of originals
will be returned to Natsource.
Thanks for your continued cooperation and patience. If there is anything
further that you should need please let me know.
Mark
Senior Counsel, ENA
Phone: 713-345-8897
Facsimile: 713-646-3940
E-Mail: Mark.Greenberg@enron.com |
P.S. If you're responsible for getting Dan there, you're a genius. I've
written Dan a note telling him that it's absolutely critical that he be
there. Maybe you could ask the other folks on the distribution to urge Dan
to come, too.
Best,
Jeff |
Gulf Energy Pipeline
Tejas plant from 81 to 52
Trevino Plant from 4890 to 1361
Comiats South from 403 to 28
Gulf Plains
From 10939 to 7876
Corpus Christie
Virginia From 379 to 165
Midcon
Greta Tom Oconner from 2243 to 1392 |
Attached is a letter Marathon drafted to send to the top 100+ CA businesses
in our database giving them info on our "comprehensive solution." Rather
than attach the solution document as is, I'd recommend a shorter, simplified
version, plus an overview page that answers "What does this do for:
customers? the state? utilities? marketers/generators?"
Also, what is it we want these business leaders to do? Do we want them to
write/call/weigh-in w/ their legislators and the governor? Do we want them
to be signatories on a formal proposal?
Please let me know what you think.
Thanks.
kd
---------------------- Forwarded by Karen Denne/Corp/Enron on 05/08/2001
11:41 AM ---------------------------
Sandra Yamane <SYamane@marathon-com.com> on 05/07/2001 04:53:24 PM
To: "'karen.denne@enron.com'" <karen.denne@enron.com>
cc:
Subject: CEO Letter
Hi Karen:
It was good to see you Friday. I hope you had a nice visit in So. Cal.
I've attached a draft letter to existing list of CEO's from Ken Lay for your
review. The attached draft letter assumes that the background material from
Jeff will be enclosed and that the sample letter to Gov. Davis, et. al. asks
for support of specific legislation, policies.
If we've got this wrong, let us know and we will try again.
Sandra
<<CEO Letter May 7 2001.doc>>
- CEO Letter May 7 2001.doc |
We are in town so count us in. I am TOTALLY planning on getting loaded (on munchies).
Stacey
-----Original Message-----
From: "Schueler, Kathryn" <KSchueler@Central.UH.EDU>@ENRON
Sent: Tuesday, December 18, 2001 3:20 PM
To: 'ABMcDonald'; White, Stacey W.; Christina Raymond; Schueler, Kathryn; Deanna Harris; Kevin Kampe
Subject: RE: New Year's Eve
I don't remember the last time I was "loaded" :)
If you are a parent are you allowed to get "loaded"??
> -----Original Message-----
> From: ABMcDonald [SMTP:abmcdon@yahoo.com]
> Sent: Tuesday, December 18, 2001 3:27 PM
> To: Stacey W. White; Christina Raymond; Kathy Schueler; Deanna Harris;
> Kevin Kampe
> Subject: New Year's Eve
>
> Hey everyone! Brad and I decided to host this year's
> New Year's Eve Bash. I already know that the Kampe's
> and Harris' will be in town, but I wasn't sure about
> the rest of y'all. Let me know if you think you can
> come. I figured everyone could bring their favorite
> munchies. I know it's a long drive all the way to
> Katy, but you can spend the night at our house or the
> Kampe's if you get loaded!
> Angela
>
> =====
> Angela & Brad McDonald
> ABMcDon@yahoo.com
>
> __________________________________________________
> Do You Yahoo!?
> Check out Yahoo! Shopping and Yahoo! Auctions for all of
> your unique holiday gifts! Buy at http://shopping.yahoo.com
> or bid at http://auctions.yahoo.com |
I just received the shirts this morning. They are perfect. It's a pleasure
doing business with you. |
Louise Kitchen, who is now the President & CEO of Enron Net Works and I had a
conversation about the space located at EB2801. Louise had no objection to
RAC occupying this space since her buildout could not occur until May. The
space rental should be allocated to 011/100068 and 011/100052 equally.
Rick |
http://www.consultrci.com
*********************************************************************
Find out more about SCIENTECH'S most popular competitive tools, including
the Mergers and Acquisitions and E-Commerce InfoGrids at:
http://www.consultrci.com or call Chris Vigil (505) 244-7605
*********************************************************************
Reach thousands of utility analysts and decision makers every day. Your
company can schedule a sponsorship of IssueAlert by contacting Nancy Spring
at nspring@scientech.com or (505)244-7613. Advertising opportunities are
also available on our website.
*********************************************************************
===============================================================
SCIENTECH IssueAlert, December 1, 2000
Rumors of Eni / Enron Merger Abound, Despite Denials from Eni
By: Will McNamara, Director, Electric Industry Analysis
===============================================================
Eni, the Italian oil and gas group, is expected to complete the sale of
its Italian property interests next week as part of its strategy to focus
on its core activities of natural-gas and oil production. Vittorio Mincato,
Eni's chief executive, confirmed that the group is on the verge of finalizing
the sale of its Immobiliare Metanopoli property subsidiary (Eni's real
estate company) with assets valued between $856 million and $1.3 billion.
Eni's decision to divest its property assets has been viewed by many observers
of the company as an attempt to release funds to facilitate a merger with
another company. Enron Corp. has been among those on a rumored short list
of merger prospects for Eni.
ANALYSIS: Is the foundation being established for a mega-merger between
Eni and Enron? It is not too difficult to formulate a theoretical argument
in that direction.
Eni is Italy's state-owned, multi-faceted energy company, operating in
the oil and gas, power generation, petrochemicals, oilfield services, and
engineering industries. The company has a market capitalization of about
47 billion euros (approximately $40 billion), is present in over 70 countries
and produces more than one million barrels of oil equivalent a day. Across
the European energy market*which once it has fully privatized will represent
an arguably larger market than the United States*Eni is unquestionably
one of the Continent's leading champions.
Illustrating this point, Eni has taken several important steps within Europe
to, as it says, "play an increasingly important role" in the Continent's
competitive energy market. For instance, earlier this month, Eni inked
a deal to sell 2 billion cubic meters of natural gas to Gaz de France.
This deal followed a previous agreement in which Eni agreed to sell 4 billion
cubic meters of natural gas to Italy's largest private energy supplier,
Edison. With both agreements, Eni has given a substantial kick start to
the opening of the European natural-gas market. CEO Mincato has said that
Eni would recoup the losses made by giving up its market hold in Italy
by "focusing on international markets."
One move that Eni has made outside of Europe also came earlier this month.
Eni made a bid for Australia's Petroz NL, which wields an 8.25 percent
stake in Bayu-Undan, the giant gas and liquids project located off the
northern coast of Australia. Eni already owns 6.7 percent of Bayu-Undan
and apparently is attempting to gain a majority ownership over the project.
It is no wonder why*the Bayu-Undan field has recoverable reserves of 400
million barrels of liquefied petroleum gas and gas reserves of 3.4 trillion
cubic feet. Petroz has not yet accepted Eni's offer, but a favorable decision
is expected shortly. Thus, whatever Eni may be divesting in Italy it is
trying to regain in other key areas of the world. In fact, Mincato recently
confirmed that Eni plans to increase its daily output of oil from a current
level of 1.2 million barrels to 1.5 million barrels by 2003.
Moreover, Eni has been making aggressive attempts at expansion, both within
Europe and beyond. Along with that expansion comes the development of merger
strategy. Eni does not want to be left as a target for a takeover, which
could be a strong possibility given its recent divestitures and the fact
that its profits remain strong. Net income for the company for the first
half of 2000 was 2,606 millions of euros (equivalent to approximately $2.2
billion), representing a 119-percent increase. Eni is largely considered
one of the best buys among the big oil stocks, but it would rather merge
with an equal partner than be sold to another company. As consolidation
of the oil industry continues, Eni reportedly believes that the only way
to remain a top player is to marry an equally large player on the world
stage.
Enron may be at the top of Eni's list of merger partners. Negotiations
with Spain's largest oil company, Repsol, appear to have stalled, as was
confirmed when Mincato stated that any "link-up with Repsol would not be
a merger of equals." French oil company TotalFina is also interested, but
is preoccupied with its own acquisition of fellow French oil company Elf.
Other companies that have been mentioned include Conoco and Phillips
Petroleum.
It is quite obvious that Eni's merger prospects are predominantly oil
companies,
which is quite clearly the company's intention. Thus, it may seem odd that
Enron is also included as a top prospect. Enron, while unquestionably a
world player, is known for its unorthodox approach to hard assets. Put
succinctly, Enron believes that it doesn't need to own physical assets
in order to be a major player, but rather it only needs to rely on strategic
contractual agreements.
However, if Eni wants to continue to expand globally, it arguably could
not find a better partner than Enron, generally considered North America's
biggest buyer and seller of electricity and natural gas. Enron's gas trading
and distribution activities in particular*along with its electricity
production,
raw material trading and broadband expansion*would all appear to be good
compliments to Eni's portfolio. Reports of talks between the two companies
first appeared in the Italian financial paper iL Sole 24 Ore, based on
input from an unnamed source. The report indicated that Enron is being
targeted by Eni for an equity partnership or even a full merger. Mincato,
as recently as Tuesday of this week, continues to adamantly deny that any
deal with Enron is being studied.
Not surprisingly, Enron is remaining mum on the rumors and has not even
mentioned Eni in any recent disclosures. However, the incorporation of
Eni's power production portfolio would support Enron's expansion into new
markets such as Japan, for example. Back in March, the Japanese government
began allowing non-utility firms to supply power to industrial and commercial
end-users. Almost simultaneously, Enron established a new subsidiary, Enron
Japan Corp., to capitalize on new opportunities in the country. Enron Japan's
first offer is a 10-percent discount off current electricity prices for
customers who sign on with Enron for two to four years. Operating against
its North American strategy, Enron also plans to build a power station
in northern Japan, beating to the punch several of its key rivals, including
Vivendi, Texaco and Royal Dutch Shell, which also have expressed interest
in establishing operations in the country.
Enron's proposed power plant should give the company prime access to companies
in the Tohoku and Kanto regions, as well as Tokyo, the "big catch" of the
Japanese market. In my opinion, herein lies the primary synergy that would
make the partnership between Eni and Enron a strategic step for both
companies.
As Eni attempts to position itself in various key markets, Japan seems
like a natural location, and I've seen no reports that indicate Eni is
moving into Japan on its own. The fact that Enron is already there, along
with most other lucrative international markets, must certainly be appealing
to Eni. Regarding Enron's perspective on any potential partnering, Eni's
substantial oil and natural-gas generation assets, along with its current
lock on the European market, must be very attractive.
Enron's current market capitalization is about $48 billion, which actually
makes it larger than Eni. This raises the question of which company would
be the buying partner if a merger were to indeed take place. All of the
rumors flying around currently speak of Eni pursuing Enron, but it could
just as easily be the other way around. Those of us who follow Enron closely
may find it hard to believe that the powerhouse company would ever be the
target for a takeover or even a merger. In any case, the rumors continue
to fly as Eni responds to claims of "thou doth protest too much." Whether
or not any such merger between Eni and Enron, which appears smart on paper,
will materialize remains to be seen. However, it certainly seems like Eni
is lining up its chess pieces to cement some kind of partnership in the
very near future.
==============================================================
SCIENTECH can help you find the answers you need. From simple questions
to complex problems, our experts and consultants will get results. Learn
more about our six service areas at:
http://www.consultrci.com/web/rciweb.nsf/Web+Pages/About_RCI.html
==============================================================
SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let
us know if we can help you with in-depth analyses or any other SCIENTECH
information products. If you would like to refer a colleague to receive
our free, daily IssueAlerts, please reply to this email and include their
full name and email address or register directly at:
http://www.consultrci.com/web/infostore.nsf/Products/IssueAlert
Sincerely,
Will McNamara
Director, Electric Industry Analysis
wmcnamara@scientech.com
===============================================================
Feedback regarding SCIENTECH's IssueAlert should be sent to
wmcnamara@scientech.com
===============================================================
SCIENTECH's IssueAlerts are compiled based on independent analysis by
SCIENTECH
consultants. The opinions expressed in SCIENTECH's IssueAlerts are not
intended to predict financial performance of companies discussed or to
be the basis for investment decisions of any kind. SCIENTECH's sole purpose
in publishing its IssueAlerts is to offer an independent perspective regarding
the key events occurring in the energy industry, based on its long-standing
reputation as an expert on energy and telecommunications issues.
Copyright 2000. SCIENTECH, Inc.
If you do not wish to receive any further IssueAlerts from SCIENTECH, please
reply to this message and type "delete" in the subject line. |
Sara,
David has provided Matt Goebels, 212-444-6327, as a contact at Posit for you
to discuss an agreement.
Sheila |
To give you a broad perspective on the issues I am dealing in our area, in
addition to the "regional integration/opening markets theme".
"High-noon" show-down over the gas issues. Enron needs to decide to veto the
gas contracts between Petrobras and the gas distribution companies in our
concessions. We are been positioned as the stumbling block, preventing the
gas contracts for the emergency power plant program, eventually a national
security issue. If we agree with the contracts, we risk some value of the
distribution concessions.
Press articles about a deal with ABEGAS (Gas Distributors Association). The
ABEGAS representative has been negotiating on a number of limited issues. He
does not have the power to negotiate for the individual gas companies.
Project California.- I have to give an optimistic spin to the regulatory
situation. I could be more forceful painting a "dark scenario" in front of
the investment community to pressure the reforms. We will continue to press
with the regulators, but I will be hand-cuffed to take the debate forcefully
into the public arena.
Enron selling its assets/ getting out of the region.- A communication
challenge because we can not comment on speculation but we need to tailor the
messages to our audiences. "We are here to stay".
Employees retention and recruiting
Customer/ Partnering relations
Government/ Institutions.
"A new beginning".- Petrobras has reorganized. They have a new Gas & Power
group. The new head has invited us to sit together to review our
relationships. Jim is optimistic about the results. I am not, but we have to
do it anyway. We can not afford not to try.
Jose
See attachments about Thermoelctric program and Petrobras issues. |
BUSINESS HIGHLIGHTS
East Power Group
The East Power Group is off to another strong start in 2001. The realignment
of the group into regional business units with joint trading, mid-marketing,
and origination operations has proven to be a catalyst for deal flow,
producing both a high volume of transactions and high value. More
transactions were executed in January than any month last year, including one
deal that will bring tremendous strategic value to Enron as well.
Executed in January, was the purchase of two 35 MW coal-fired cogeneration
facilities located in southeastern North Carolina. ENA will supply steam to
the industrial host, Alamac Knit Fabrics, and will sell power into the
merchant market. The plants are inside Carolina Power & Light's service
territory, which is connected to AEP, Virginia Power, Duke, SCEG and SCPSA.
These plants are the first purely merchant facilities in North Carolina.
This deal exemplifies how Enron leverages its talent in that originators from
the East Power Group and Industrial Markets Group joined forces to bring this
deal to execution. They also leveraged the Global Markets group to manage
the coal supply and emissions issues.
Prospects going forward look promising as a number of high value transactions
are in the pipeline. Of particular note is The Sandhill Power Project, a 180
MW peaking facility currently under construction in Austin. The facility is
scheduled to come online in June, in time for the advent of deregulation in
Texas. The joint venture, between EPMI and Austin Energy, will provide both
trading groups with a highly flexible asset, enabling them to access
real-time volatility while hedging existing obligations.
Additionally, the Fort Pierce (Florida) City Council voted 5 to 0 in favor of
Enron's proposal to repower the Ft. Pierce Utilities Authority's (FPUA)
existing power plant in that city. Our proposed 180 MW facility will be used
to produce steam to power the H.D. King facility at approximately 20 percent
less cost than FPUA can produce it. According to FPUA officials, this
reduction in cost may lead to reduced rates for their ratepayers. The
planned in-service date is summer of 2002.
Industrial Markets
EIM Fundamental Analysis Group grows again! The Fundamental Analysis Group
continues to expand its staff and capabilities. They will be introducing you
to specific activities in the weeks to come, but would like to introduce you
to the new staff members who have joined in the past month.
On the paper/pulp/lumber side, Bin Wang is responsible for supporting the
lumber group; Adnan Patel will be assisting with newsprint and structured
transactions.
For the steel group, Doug Parsons and Yana Kristal are providing market
analysis and econometric/price forecasting support. Our latest recruit,
David Maxwell, is assisting with the evaluation of a customer management
system and developing analytical databases for all product lines. A visible
enhancement to the group,s operations has been the Intranet web site, which
has been in development for the past three months. The site will be
transferred to a production server by the end of February. The site contains
all types of industry, market, regulatory, analytical, and financial
information for deal analysis.
Another major development is the adoption of a customer information
management system. EIM is currently evaluating Siebel Systems, a software
provider that has developed this type of information tool for EES.
IN THE NEWS
Enron has been named the "Most Innovative Company in America" for the sixth
consecutive year by Fortune. That's right -- six years in a row. We
continue to be recognized by our industry peers and other corporate
executives and securities analysts as the company that sets the standard for
doing business in the new economy. Congratulations to all of you for making
it happen.
Enron placed No. 18 overall on Fortune's list of the nation's 535 "Most
Admired Companies," up from No. 36 last year. We also were ranked among the
top five in "Quality of Management," "Quality of Products/Services" and
"Employee Talent."
This issue of Fortune is now available in airports and will be on newsstands
Monday, Feb. 12. For more information, go to www.fortune.com.
NUGGETS & NOTES
"The revolution has begun......" - Ted Bland, Director/HR Recruiting
Operations
"We trade propane and propane accessories" - Adam Gross, Director/Global LPG
Trading-EGM
WELCOME
New Hires
EGM - Robert Beyer, Jacqueline Darrah, Herbert Goodwin, Vera Ilyina, Tracy
James, Christopher Mulcahy, LaBricia Seyrus
ENA - Tonya Dennis, Kathryn Sheppard, Bin Wang
LEGAL STUFF
The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries. It is intended for internal use only
and should not be disclosed. |
Charles Schwab & Co., Inc.
Internet Daily for Wednesday, July 18, 2001
by Frank Barnako CBS MarketWatch.com
-----------------------------------------------------------------
Napster says rights holders will get 50%
Napster told users on Wednesday it is completing work on a
fee-based service that will soon undergo testing. "Over half of
what you pay Napster will go directly to the artists,
songwriters and other rights holders whose works are transferred
between members of the Napster community," the company said in
an e-mail message to users. Napster said the new service will
charge a "small" monthly fee. A sneak peek at the new Web
service is available online. The screen shows features including
e-mail, messaging, a music player and a Web page highlighting
music and artists.
-----------------------------------------------------------------
Print your own movie tickets
Fandango.com said that moviegoers in New York and California
will be able to purchase and print out movie passes at home.
Loews Cineplex in New York, including 13 theaters, and San Jose,
Calif.-based Century Theaters are partnering with a new online
ticketing company, Fandango.com. "It's a convenience for our
customers," says Mindy Tucker, a Lowes vice president, "We think
it will revolutionize the way people buy tickets," she told the
Industry Standard. The print outs will be given to a clerk at
the theaters. They will be scanned, a receipt printed and
tickets issued.
-----------------------------------------------------------------
Britannica.com readies premium plan
Britannica.com said it would charge $5 a month, or $50 a year,
for access to the full text of the Encyclopedia Britannica
online. The encyclopedia has been available free since October
1999. The new premium service will be supplemented later this
year with a database of video clips and an encyclopedia for
elementary school students. The site will still offer some
material at no charge, including the opening paragraphs of
encyclopedia articles.
-----------------------------------------------------------------
Microsoft renames WebTV
Microsoft said it is changing the name of its WebTV Internet
service to MSN TV. "Users will experience greater integration
and benefit from ongoing developments to the key MSN services
that they are currently using," said Yusuf Mehdi, vice president
of MSN and the Personal Services Business Group at Microsoft
Corp. The MSN Network announced it has added e-mail filtering
tools to its Hotmail service to help users manage their messages
and ignore junk e-mail.
-----------------------------------------------------------------
Online teens want to shop
Almost one-third of teenagers use the Internet to window shop.
While 89% of teens, ages 13-17, have never made an online
purchase, 29% have researched products on the Internet before
buying them at stores, according to research by Jupiter Media
Metrix. Although teens don't own credit cards, they visit the
same sites as adults, including Amazon.com and eBay. "Many teens
use the Internet as a shopping mall -- a place to meet friends,
play games and shop, even without the intent to purchase," said
Jared Blank, a Jupiter Media Metrix analyst. There is a lesson
in the numbers for marketers. "Integrating online and offline
channels is imperative for retailers trying to reach teenagers,"
Blank said.
-----------------------------------------------------------------
For late-breaking market news you can't afford to miss, go to
http://CBS.MarketWatch.com/
#################################################################
Log in using the links below to:
Access your account:
https://investing.schwab.com/trading/start?SANC=CCBodyi&NeedCASelValue=Y
View your Email Alert customization options:
https://investing.schwab.com/trading/start?SANC=EAMyAlerts
Perform research or request a market quote:
https://investing.schwab.com/trading/start?SANC=Quotes
Place a trade order:
https://investing.schwab.com/trading/start?SANC=TradeStock
To visit Schwab's home page, use this link:
http://www.schwab.com/
-----------------------------------------------------------------
To unsubscribe or modify your Email Alert customization options,
log in using the link below or copy and paste it into your
browser's address window:
https://investing.schwab.com/trading/start?SANC=EAMyAlerts
Now you can receive graphics Email Alerts in HTML format,
using helpful, full-color graphics and active Web links that
connect you directly to information you want. Use the link
below to log in and change your email format preference:
https://investing.schwab.com/trading/start?SANC=EAEditEmailAddr
----------------------------------------------------------------
Notice: All email sent to or from the Charles Schwab corporate
email system may be retained, monitored and/or reviewed
by Schwab personnel. (1000-8752)
Copyright 2001 CBS MarketWatch. All rights reserved.
Commercial use or redistribution in any form, printed or
electronic, is prohibited.
Distribution by Quris, Inc. |
Karla,
I assume you are referring to my NT ID, which is msmith18. Let me know if you need anything else. Thanks.
Mat
-----Original Message-----
From: Feldman, Karla
Sent: Thursday, November 08, 2001 1:58 PM
To: Smith, Matt
Subject: Kobra Request
Matt,
Can you please provide me with your Login ID so that we can work on setting you up for Kobra.
Thank you,
Karla Feldman
Market Data |
Andrew Lewis' Portfolio No. 1 at StockSelector.com
For Wednesday, May 30, 2001
To view your portfolio online, please go to
http://www.stockselector.com/portfolio.asp?portnumber=1
***********
FREE BROKER RESEARCH REPORT
Is Coke it? Coca-Cola Co. (KO) Analysts at Prudential Securities give
Coca-Cola Co. (KO) a STRONG BUY rating. Comparing the current industry slump to a similar situation in 1994, they say that the soft-drink company is
positioned to take advantage of an improved environment. Please go to
http://www.multexinvestor.com/ACHome.asp to download the free broker
research report.
***********
Previous Today's Dollar Percent
Name Close Close Change Change
------------------------------------------------------------------------------------------
AMES DEPARTMENT $2.75 $2.63 ($0.12) -4.36%
http://www.stockselector.com/quote.asp?symbol=AMES
SYNAGRO TECH IN $2.19 $2.22 $0.03 1.37%
http://www.stockselector.com/quote.asp?symbol=SYGR
FREEREALTIME.CO $0.06 $0.06 $0.00 0.00%
http://www.stockselector.com/quote.asp?symbol=FRTI
MPHASE TECH INC $2.20 $2.15 ($0.05) -2.23%
http://www.stockselector.com/quote.asp?symbol=XDSL
STARNET COMM IN $0.93 $0.93 $0.00 0.00%
http://www.stockselector.com/quote.asp?symbol=SNMM
TOTAL ENTERTAIN $0.17 $0.12 ($0.05) -31.18%
http://www.stockselector.com/quote.asp?symbol=TTLN
SYNAGRO TECH IN $2.19 $2.22 $0.03 1.37%
http://www.stockselector.com/quote.asp?symbol=SYGR
FCCN not found N/A N/A N/A N/A
http://www.stockselector.com/quote.asp?symbol=FCCN
BEST BUY CO INC $59.24 $54.29 ($4.95) -8.36%
http://www.stockselector.com/quote.asp?symbol=BBY
AMERITRADE HOLD $8.48 $8.18 ($0.30) -3.54%
http://www.stockselector.com/quote.asp?symbol=AMTD
GIC GLOBAL INTE $0.01 $0.01 $0.00 0.00%
http://www.stockselector.com/quote.asp?symbol=GGNC
-------------------------------------------------------------------------------------------
Portfolio Total $10,475.70 ($535.40) -4.86%
Dow Jones Indusrial Average 9,999.00 0.00 0.00%
S & P 500 1,248.08 -19.85 -1.57%
NASDAQ Composite 2,084.50 -91.04 -4.18%
Russell 2000 493.96 -8.41 -1.67%
Wilshire Index 752.68 -17.55 -2.28%
To unsubscribe or modify any other options, please go to http://www.stockselector.com/modifyportfolio.asp?symbol=1
? Copyright 1999, StockSelector.com |
Hello Lindy Lou,
It was such a wonderful surprize to get the nice Halloween card and the adorable picture of Sam. It made my day! Did Sam have fun trick or treating? What did Missy, Anthony and Andrew do for Halloween? How is their school year going? How is the BIG Tone?
Adam and Claire had fun-Adam was Harry Potter and Claire was a lion too!Things are really good for me. I cut my hours down to 32 hours a week and it has made all the difference in the world in terms of feeling like I can cope with this job. It has been taking a toll on me-lots of young patients our age dying and stuff. Anyway, things are Great! Marty man is doing good. I worked out with Jody Jurgens last week and it was her 1 year anniversary of being married. She's married to a very nice guy. My mom just got back from 18 days in Ireland-her 3rd time. She had a good time. Teresa and her clan were in Omaha for the game this saturday-what a blowout and Brian and his girlfriend (of 2 years) came over. We love her too. We told Brian if they break up were keeping her. Anyway I digress. I was just so touched to get that card from you and thought with all that is going on in the country right now, I've really reviewed in my life the things that really matter to me, what's really im!
portant. I just want you to know I think of you often. I have pictures of you and Tony (holdint the baby shoes) and now 2 pics of Sam up in the kitchen and living room. Even though you are not living here you and your family are loved and cared for and thought about by me often!I didn't mean to get mushy but was just thinking of you and wanted you to know. Write back and let me know the answers to my questions! PS-Amy had a baby?????That is great!L.Y.L.A.S.Holly
__________________________________________________________________
Your favorite stores, helpful shopping tools and great gift ideas. Experience the convenience of buying online with Shop@Netscape! http://shopnow.netscape.com/
Get your own FREE, personal Netscape Mail account today at http://webmail.netscape.com/ |
Dear all,
Please find attached the West Prices for 5/1/01.
Regards,
Samantha
503-464-7248 |
See attached invitation for Larry Fenstad's retirement party. |
Mystic Color Lab customer Darnell MOORE has some great
photos to share with you. They're on the Internet at our Web site.
A complimentary account has been created in your name so that
you can view Darnell MOOREOs photos.
To see the photos that Darnell MOORE wants to share with you,
visit: http://mystic.photonet.com
After filling out some basic information, you will be able to view
Darnell MOOREOs photos. For future reference:
Your account has been created using your e-mail address:
darron.c.giron@enron.com
Your temporary PhotoNet password is: my00moda609
Darnell MOORE hopes you enjoy these photos. They will be available
online until Sunday, Jun 10, 2001. You have full access to ordering
reprints, enlargements, photo gifts and all the other great services
on Kodak PhotoNet online, so have fun trying new ways to use photos!
For reference the access code for the roll that has been shared is:
MY00MOOR981601
After logging into your account, all of your online rolls will
appear. YouOll have 4 fun areas to choose from including:
VIEW AND SHARE: View your photos in thumbnail size or larger views,
share a roll, e-mail select pictures, download photos, send a photo
photo postcard, or add a caption.
SHOP: Buy reprints and photo gifts, buy a roll of space for
uploading, or download high-resolution photos.
PLAY: Take a break and have some fun with your photos. Try morphing
a picture or learning about editing your pictures.
MANAGE: Delete a picture, delete a roll from your account, add more
time to a roll, rename a roll, buy a new roll or add a few spaces to
an existing roll for uploading digital photos.
Simply select the roll you wish to view, and then click on one of the
4 options presented to you. WeOre sure youOll love all the great new
options available to you. If you should have any questions or
concerns, please feel free to contact our customer service department
at cservice@mysticcolorlab.com.
Kodak PhotoNet online by Mystic Color Lab
http://www.mysticcolorlab.com
-------------------
Christopher's 9th Birthay party at end of roll. First
pictures were taken in a wildlife museum in Tyler, Texas.
Had to send the entire roll or just one picture at a time.
Darnell |
4069450@archwireless.net
you can send him email on it.
I want to know what its about.
Mat
"Salazar, Alexis" <ASalazar@PIRNIE.COM> on 02/16/2001 08:56:18 AM
To: "Mat Smith (E-mail 2)" <matt.smith@enron.com>
cc:
Subject: Mark's pager number
Do you have his pager number???? His cell phone isn't working and I NEED to
talk him NOW.
thanks!
Alexis Salazar
Malcolm Pirnie, Inc.
1700 W. Loop South, Suite 950
Houston, TX 77027
Direct: 713-960-7414
asalazar@pirnie.com |
Meeting will be held in Sally Beck's office |
Attached is the July 2000 nomination for our takes under the Gas Sales and
Purchase Contract between TXU Fuels (previously TUFCO) and HPL Resources Co.,
(TXU Fuels Contr. #3949), as well as our July 2000 nomination for takes under
the Gas Sales and Purchase Contract between TXU Fuels SDS. Please advise
should
you have any questions concerning the attached.
Thanks,
Charlie
(See attached file: MinHPLN00.xls) (See attached file: SDSNOM.xls)
- MinHPLN00.xls
- SDSNOM.xls |
Please mark your calendars. Emory Ireland and Martin Weinstein of Foley &
Lardner will be conducting a presentation regarding the nuts and bolts of
Letters of Credit on Wednesday, May 23, 2001 from 8:45 a.m. to 10:00 a.m. in
EB5C2. Please RSVP to Carolyn George at ext. 33439 or
carolyn.george@enron.com if you plan to attend.
Thank you,
Julia Heintz Murray
Enron Wholesale Services
Enron Industrial Markets LLC
1400 Smith Street, EB3838
Houston, TX 77002
(713) 853-4794
Fax: (713) 646-3393
julia.murray@enron.com |
Michelle, any and all help on this one would be greatly appreciated. Thanks, Cole.
-----Original Message-----
From: O'rourke, Tim
Sent: Tuesday, November 27, 2001 12:15 PM
To: Brown, Cole
Subject: FW:
-----Original Message-----
From: Questions
Sent: Tuesday, November 27, 2001 11:37 AM
To: O'rourke, Tim
Subject: FW:
Tim, a new kind of question. Can you run this one by Michelle?
-----Original Message-----
From: Buehler, Craig
Sent: Tuesday, November 27, 2001 11:18 AM
To: Questions
Subject:
With all of the losses and their tax implications, is there a company resource we can use for information rather than struggling to find information ourselves? Also, a number of employees (in this area) are considering bankruptcy, is Enron considering contracting with a Legal Firm to help employees in this area?
Craig Buehler x3-6964 |
I'm sorry that you didn't sleep well. I hope it wasn't because I called
you last night-although I'm sure that it didn't help. It rained really
hard here too, but I was so tired that it didn't wake me up much.
It'll be nice to see you on Saturday. I probably will party on Friday
too! I can't wait!
3 and a half more days.....
Love you,
Jenn |
Count me in...where is it. Oh yeah, my bitch (ken) is coming too.
-Dan
-----Original Message-----
From: Cuilla, Martin
Sent: Monday, October 22, 2001 3:38 PM
To: Shulklapper, Ken
Cc: Diamond, Daniel
Subject: Trulucks
Hey we are going to Truluck's for all you can eat stone crab claws tonight in honor of my 32nd birthday. I think it is about $35 each for the all you can eat claws or they also have steak, lobster, and seafood. Let me know if you want to go so Zooey can make the reservation (7pm). And ken no song although i might play it tonight if i get drunk enough
-----Original Message-----
From: Shulklapper, Ken
Sent: Monday, October 22, 2001 2:31 PM
To: Cuilla, Martin
Subject: Jet Plane
Do you have the song on your work computer?
Kenneth M. Shulklapper
Logistical Risk Management
Enron Freight Markets
(713) 853-7009 (phone)
(713) 646-3446 (fax) |
Mark:
Attached is my current workload report. I'm beginning to get nervous about
meeting traders' expectations as I am taking vacation from June 14 - 22
(seven business days) and I don't know who will be able to pick up my
emergencies and routine issues.
I have some idea about Mary's and Frank's workload and I have the impression
that Brent is constantly busy with weather. I'd like to briefly discuss
Cheryl's workload I think it would be a good idea to have everyone submit a
status report of sorts to you so that you can assess how much is "project"
oriented vs. routine, specific commodity areas, and volume.
FYI, I am trying to limit Cheryl's activity with Gary's group to brokerage
agreements only. The huge volume of activity on the brokerage end was
apparently the result of a recent audit by AA and effort to "cleanup" the
agreement status. It should be winding down. I have encouraged Cheryl (as
have Frank and Mary) to provide you with a workload report since we really
want her to be trained in the swap basics.
Also, I will try to schedule a conference call with David Mitchell, you and
me before I leave (topic is online trading of credit derivatives).
Currently, only ECL is offering the bankruptcy default swap online (and no
one is hitting the product).
Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/24/2000
04:08 PM ---------------------------
"FT.com" <octsubs1@newsbyemail.ft.com> on 10/24/2000 01:46:46 PM
To: vkamins@ect.enron.com
cc:
Subject: Your preferences are important
Dear FT.com User
Your FT.com mailing preferences are currently set to receive email
updates from us about FT.com and other FT group products or services.
To comply with our obligations under UK data protection legislation,
we are giving you this opportunity to update your privacy preferences.
We are now also giving you the option to receive email communications
from other organisations about products and services offered by them
or offered jointly with the FT group.
If you DO NOT wish to be contacted for this reason, please visit
http://registration.ft.com/registration/editRegistrationDetails.jsp
and tick box C. You may also use this link to edit or update any of the
information currently held on your registration record.
To access your personal record, you will be required to input your FT.com
username and password.
Your current username is: vincentkaminski
For security reasons we have not included your password, but if you visit:
http://registration.ft.com/registration/passwordLookup.jsp
and supply the user name and e-mail address with which you originally
registered, it will be emailed directly to you.
If we do not hear from you we will assume that you do not wish to change your
present preferences and that you have no objection to receiving carefully
selected offers and information from other organisations. You can of course
edit your registration profile at any time by clicking on the Edit Your
Profile
link on the FT.com homepage.
If you have any queries, please e-mail our Customer Services Team on
help@ft.com Thank you for your time and participation in this important
update.
Regards
FT.com
-----------------------------------------------------------
If you no longer wish to receive further e-mails from FT.com,
please send an e-mail to: ft.com.unsubscribe@newsbyemail.ft.com
with the single word "unsubscribe" as the subject of the message.
Your name will then be removed from our mailing list. |
I'm not usually a Galveston person, but it might be worth considering in
December. Might be best with Michael, though, so we could go to Moody
Gardens and the Strand. What I don't like about Galveston is the water
(duh). The San Luis is set up for kids, and has a neat view.
Guess I have itchy feet. I haven't be on the road in a couple of weeks! All
I see at the house is responsibility, and we never do anything anyway.
Any ideas?
ckm |
From the office of Mr. Mark Haedicke!
Please note the attachment.
Thank you |
Please respond to kontkoHello, Pat and I were thinking it would be nice to have a wedding shower
bbq for Alice and Jeff. I talked to Alice and Saturday, September 8th
woul be the best date. The 29th is a backup date. How does the 8th work
for you all.
I thought maybe we could the normal bbq and have a cake. Maybe for
the gift we could all put in money and buy something substanial. What
are your thoughts? kari |
its a truck and the eggs are not the same as the puppies , toddles
-----Original Message-----
From: "Martinez, Ernesto Jr" <martier@cpchem.com>@ENRON
Sent: Tuesday, November 13, 2001 10:26 AM
To: Quigley, Dutch; Martinez, Ernesto Jr; dquigle@ect.enron.com; markm@cajunusa.com; jramirez@othon.com; jriches@cmsenergy.com; klyn@pdq.net; SIVA66@MAIL.EV1.NET; rs1119@aol.com; wolphguy@aol.com
Subject: RE: Who's Next?
I thought that the train got "egged" this weekend by 2700 Huevos?
-----Original Message-----
From: Dutch.Quigley@enron.com [mailto:Dutch.Quigley@enron.com]
Sent: Tuesday, November 13, 2001 10:10 AM
To: martier@cpchem.com; dquigle@ect.enron.com; markm@cajunusa.com;
jramirez@othon.com; jriches@cmsenergy.com; klyn@pdq.net;
SIVA66@MAIL.EV1.NET; rs1119@aol.com; wolphguy@aol.com
Subject: RE: Who's Next?
I believe the dog is in the back of the KMB express truck along with all
the flees I picked up from Pierre's circus
dutch
-----Original Message-----
From: "Martinez, Ernesto Jr" <martier@cpchem.com>@ENRON
Sent: Tuesday, November 13, 2001 10:02 AM
To: Henry Quigley (E-mail); HILLROD (E-mail); Joe Ramirez (E-mail);
John R Riches (E-mail); Kevin Crawford (E-mail); My golf bitch
(E-mail); Richard Smith (E-mail); Wolphguy (E-mail)
Subject: Who's Next?
Once again, someone thought they could hang with the big DOG and ended
up
with Canine Teeth marks on his ass. Sorry Richard! Marshall Faulk just
wasn't enough. Don't take it personnal it's just the way it is. Who
dare
try to come to my yard next?
Fear the DOG!
Is anyone on the Red Division ever going to take control?
BTW Mark - You got knocked the f**k out!!
**********************************************************************
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 enron.messaging.administration@enron.com 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.
********************************************************************** |
Attached is the latest summary of regulatory filings. Please let me know if
you no longer want this report or if you want to add someone to the
distribution. For those of you who are receiving this for the first time, it
is a summary of all pipeline related filings with FERC that may have an
effect on your business. |
(See attached file: HPLN0217.xls)
- HPLN0217.xls |
Are you going to nom these volumes for the rest of the month?
D
From: Charlotte Hawkins 04/04/2000 01:39 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: April, Aspect Volume @ Texas City
Daren:
Just wanted to follow up with you on the April noms at Texas
City.............. the volumes recorded for April 1 were 5300 and 1165...
since we have been directed not to change Sitara deal tickets for now, would
you please correct?
Thanks!!
Charlotte
---------------------- Forwarded by Charlotte Hawkins/HOU/ECT on 04/04/2000
01:37 PM ---------------------------
From: Charlotte Hawkins 03/30/2000 11:33 AM
To: Daren J Farmer/HOU/ECT@ECT, Stacey Neuweiler/HOU/ECT@ECT
cc: Vance L Taylor/HOU/ECT@ECT, Mary Jo Johnson/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT
Subject: April, Aspect Volume @ Texas City
For April 1, 2000:
Cross Media 989815 = 903 MMBtu
TNCT 989816 = 5878 MMBtu
Any questions, just call.
Thanks,
Charlotte Hawkins |
-----Original Message-----
From: Kenne, Dawn C.
Sent: Monday, January 28, 2002 1:10 PM
To: Giron, Darron C.
Subject: FW: Benefits
I told you the wrong dates...it's the 8th and 16th instead of the the 1st and the 8th.
Let me know if you hear anything else about this.
Dawn
-----Original Message-----
From: Forster, David
Sent: Monday, January 28, 2002 10:15 AM
To: DL-EOL eCommerce Support; Becker, Lorraine; Boudreau, Kara; Mandola, Teresa; Mcquade, Jennifer; Carter, Carl; Diamond, Daniel; Jafry, Rahil; Shults, Bob; Alon, Heather; Bess, Erica; Hernandez, Lorie; Shah, Kal
Subject: Benefits
All,
The last information I had on Benefits was that Enron benefits would cease on Feb. 8 and UBS benefits would start on Feb. 16.
Obviously, there is a gap here, and UBS/Enron are working to put something in place to cover this period.
If you have anything elective, you might find that it would be simpler if you were to avoid this gap period.
Dave |
The package is significantly higher than what the industry peers would receive in this position and in this market. I wish we had a chance to discuss this issue internally first.
In case I were to retain him as part of Enron Poland at a later date - I can not justify this level of remuneration as part of my budget.
Jarek
-----Original Message-----
From: Overfield, Adam
Sent: 15 November 2001 17:41
To: Astramowicz, Jarek; Cattigan, Ed; Forycki, Krzysztof; Edgley, Anne; Wantschek, Lloyd; Derrick Jr., James
Subject: RE: Resolution No 9
Jarek
I have discussed this with Jacek. The reason for increasing Jacek's package is retention.
Adam
-----Original Message-----
From: Astramowicz, Jarek
Sent: 15 November 2001 16:24
To: Cattigan, Ed; Overfield, Adam; Forycki, Krzysztof; Edgley, Anne; Wantschek, Lloyd; Derrick Jr., James
Subject: RE: Resolution No 9
Has this package been discussed with Jacek yet at all ?
-----Original Message-----
From: Cattigan, Ed
Sent: 15 November 2001 16:56
To: Overfield, Adam; Astramowicz, Jarek; Forycki, Krzysztof; Edgley, Anne; Wantschek, Lloyd; Derrick Jr., James
Subject: Resolution No 9
Hi
Attached is resolution 9 filled in with Jacek's remuneration for you perusal prior to the Board meeting.
regards
Ed
<< File: RESOLUTION NO 9.doc >> |
fyi
----- Forwarded by Elizabeth Sager/HOU/ECT on 06/06/2001 01:47 PM -----
"Andy Katz" <AKatz@eei.org>
06/06/2001 01:36 PM
To: <elizabeth.sager@enron.com>
cc:
Subject: Fwd: Collateral Annex
Two of two comments received.
Andrew S. Katz, Director Industry Legal Affairs
Edison Electric Institute
701 Pennsylvania Avenue, N.W.
Washington, D.C. 20004
Voice: 202-508-5616
Fax: 202-508-5673
e-mail: akatz@eei.org
- TEXT.htm
Received: from mail.acespower.com (aces-229.iquest.net [206.53.252.229]) by
mail.eei.org; Tue, 05 Jun 2001 15:05:36 -0400
Received: by ACESEX01 with Internet Mail Service (5.5.2653.19) id <M2CR7RSZ>;
Tue, 5 Jun 2001 14:10:11 -0500
Message-ID: <52C0BE7FBF4BD411A6B100508B5EB720494148@ACESEX01>
From: Lou Vitale <LouV@acespower.com>
To: "Andy Katz (E-mail)" <andykgc@eei.org>
Subject: Collateral Annex
Date: Tue, 5 Jun 2001 14:10:10 -0500
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: text/plain; charset="iso-8859-1"
Andy
Perhaps we could clarify the following issues at our next meeting:
* Is there a difference between credit assurances and performance
assurances?
* Is a guarantee considered a credit assurance or a performance
assurance?
* In sections 8.1 (c) and 8.2 (c), I am not sure that a margin call is
clearly defined. I believe that initial performance/credit assurance such as
a guarantee to support a collateral threshold should be excluded from this
definition, otherwise you would be reducing the overlimit amount by the
amount of the guarantee posted at the time of contract execution.
Your comments would be appreciated.
Regards
Lou Vitale
ACES Power Marketing LLC
Ph: 317- 344-7111
Fax: 317- 344-7001
Cell: 317- 696-9466
email: louv@acespower.com
- Andy Katz.vcf |
To All:
We had our credit group meeting today and their were several ISDA documents
listed with your names on them as credit contacts which need responses.
Please notify either Tana Jones, Susan Bailey or Samantha Boyd regarding the
following ISDA documents listed in your name:
Thanks
Russell
Tractebel Energy Marketing Ed Sacks
TransAlta Energy Marketing Ed Sacks
Interstate Power Company Veronica Espinoza
Mieco Ed Sacks
New York Electric & Gas Ed Sacks
Ontario Power Generation Ed Sacks
Power Authority of the State Ed Sacks
of New York
Wabash Valley Power Auth Ed Sacks
Western Resources Ed Sacks
El Paso Electric Company Tracy Ngo
Boeing Company Tracy Ngo
Modesto Irrigation District Tracy Ngo |
A simple friend has never seen you cry.
A real friend has shoulders soggy from your tears.
A simple friend doesn't know your parents' first names.
A real friend has their phone numbers in his address book.
A simple friend brings a bottle of wine to your party.
A real friend comes early to help you cook and stays late to help you clean.
A simple friend hates it when you call after he has gone to bed.
A real friend asks you why you took so long to call.
A simple friend seeks to talk with you about your problems.
A real friend seeks to help you with your problems.
A simple friend wonders about your romantic history.
A real friend could blackmail you with it.
A simple friend, when visiting, acts like a guest.
A real friend opens your refrigerator and helps himself.
A simple friend thinks the friendship is over when you HAVE an argument.
A real friend knows that it's not a friendship until after you've had a fight.
A simple friend expects you to always be there for them.
A real friend expects to always be there for you! |
Tino called today to report on their meetings with DOE last week. Tino,
Dennis Langley, and their outside lawyer Jim Slattery met with Bill
Richardson and DOE staff to discuss the "sole source" procurement approach to
DOE's obtaining an alternative power supplier for Kirtland AFB and Sandia.
Tino reports that Richardson signed off on the sole source approach, subject
only to DOE review of the final contract to assure its consistency with the
public interest. Tino believes that the combination of significant Native
American involvement in the overall deal structure along with a power price
that is lower than DOE's current PNM rates will satisfy the "public interest"
standard.
Slattery is set to begin discussions with DOE next week on the overall
structure of Dennis' proposal. I am surprised that Dennis would go this far
before hearing from us on the economics, but Tino made it sound like the
initial discussions would be fairly general--i.e., to explain to DOE that the
plan is to build a new pipeline and a new power plant and to do the whole
thing in partnership with the Isleta Tribe, but without talking about
specific economic issues. Sounds to me like Dennis has Richardson on board
but is nevertheless planning to pitch to the lower level DOE staff people
what a great deal this is for the Tribes and therefore the government.
Tino, not surprisingly, is eager to see numbers and sit down to discuss
them. He suggested a meeting the first week of May in either Houston or KC.
I asked Tino whether he could get firmer numbers from DOE than we currently
have on (1) total electric and gas load (current and projected) for the AFB
and Sandia and (2) actual price DOE currently pays for gas and power. He
didn't think he could get better information before the first week in May.
On another related topic, through Shelley Corman's group I got acquainted
with a guy named Tim Beldon who runs the ENA transmission capacity book for
the Western U.S., out of Portland. I talked with him for a few minutes about
power flows and pricing in the N.M-Arizona area and he seemed pretty
knowledgable. He has a transmission engineer on his team who is an expert in
verifying utility claims of transmission constraints. Apparently, ENA buys
and sells a lot of power in the four corners area and is pretty familiar with
the transmission availabilty and power pricing situation up there. I didn't
discuss with Tim the specifics of the project we are looking at, but did tell
him that Kevin and Steve were looking at a potential power plant load and
trying to figure out how serious it is. Kevin, if you guys think Beldon
could provide useful info on the cost and availability of firm and non-firm
transmission for the surplus power out of Albequerque up to four corners,
please give him a call. It is OK to disclose to Beldon what we are working
on, but please inform him that we are subject to a confidentiality agreement
and that further disclosure is improper.
Please let me know whether a meeting with these guys the first week of May is
doable. Thanks. DF |
---------------------- Forwarded by Keith Miceli/Corp/Enron on 06/05/2000
12:43 PM ---------------------------
Keith Miceli
06/05/2000 09:52 AM
To: Diomedes Christodoulou/SA/Enron@Enron, J Mark Metts/NA/Enron@Enron@ECT,
Mark Palmer/Corp/Enron@ENRON
cc:
Subject: Communication Plan Preparatons
Gentlemen: The California Project is now moving from phase I into phases II
with respect to commuication/PR activities:
Phase I--No major leak/"no comment policy". The only communications
responses (ESA Employee Memo, Employee Q&As for Elektro and Cuiaba, and
Q&Asfor vaious stakeholders) required to date were prompted by the TV (Bom
Dia) news story and Gazeta Mercantil article.
Phase II--Major leak requiring disclosure. While prospective buyers have
signed CAs, there's always the possibility that news of the Project and/or
elements from the IM could be leaked--either inadvertently or by design.
While this scenario is unlikely, we need to be prepared to respond before
there is an actual sale of assets. A draft press release has been prepared
for Ken Lay, confirming that Enron is considering the sale of its assets in
South America. There is also a set of generic Q&As, which is being expanded
to include stakeholder-specific Q&As. The ESA Employee Memo (May 8) is also
being modified.
Phase III--With the IM out, CAs signed and data rooms open, we should begin
to implement parts of the Communication Rollout Plan to demonstrate the
strength/success of the business strategy, limit speculation and provide
greater sense of certainty to important stakeholders. The activities that we
can undertake now, include:
? Contact lists--Develop comprehensive contact lists of all
audiences/stakeholders. Include names, addresses, phone, fax,, and email.
Put into Excel format. Identify who internally "owns" each list.
? Speaking platforms--Develop list of speaking opportunities to introduce
Enron's business model and announce our regional strategy.
? Audience communications map*Develop a matrix that details the specific
communications strategy for key stakeholder audiences. It should cover:
? *Timing: when should this audience be communicated with, e.g., before
public announcement, simultaneous with public, etc.
? *Form: what form should the communication take, e.g., written,
face-to-face, e-mail, conference call, employee meetings, etc.
? *Content: what is the message to be delivered
? *Responsibility:who,s responsible for creating communication; who within
company will deliver communication
? Communications training/message delivery preparation -- Key company
spokespeople need to be prepared to delivery the strategic messages regarding
transactions, but also to deftly handle difficult questions from employees,
analysts, customers and the media regarding the company's ultimate plans for
the region. It will be essential that all spokespeople are delivering the
same message and are well prepared for difficult situations.
? Fact sheets on individual assets ) The information can be pulled from the
IM. Developing fact sheets on each asset will enable them to be packaged in
any combination-- depending on the ultimate transaction.
? Vision piece*The existing white paper on company strategy would be revised
to explain the rationale behind the strategy, future expectations for the
region, and intentions regarding employees and customers.
? Press kit shell:
*Press release ) can be drafted with blanks for key details
*Fact sheet on deal (template) ) assets involved; background on buyer/seller;
costs and sales terms; employees; customer base; revenue
*Asset fact sheets (see above)
*Vision (see above)
*Information buyer
*Information on Enron/ESA
? Q&A ) There are certain questions that will need to be answered regardless
of the situation; a master set of Q&A can be developed and then be broken up
and used as needed depending upon situation and audience.
Employee Issues
What happens to employees?
Will employees lose their jobs? If so, how many?
What if I don,t want to work under the new owner?
What role will Jim and Diomedes play following sale?
Customer & Business Partner Issues
How will customers be affected by transaction?
How will ESA business partners be affected?
Do business partners have any say in whether transaction should go forward?
Approval Process
Who has to approve the sale?
What is the regulatory/approval process? How long will this take?
Enron and ESA Strategy
What happens to ESA?
What business will you be in, in South America?
Will Enron repeat this process in other parts of the world?
What happens if not all of ESA assets are sold?
Financial Implications
What is the total anticipated price for all of the assets?
How much of company,s holdings does this represent?
What is the impact on shareholders?
How will the money be reinvested?
I would appreciate feedback on the proposed workplan, so I can make the
appropriate changes and begin completing the above tasks. Diomedes, I know
that you and Mark are super busy, but I,m available to meet with you at your
convenience. It would also be extremely valuable for me to reinitiate the TA
support from Sue Garman. I,ve kept her posted on developments, so she,s
prepared to &hit the ground running.8 Lastly, Mark, with so many of the
rollout activities involving HQ, I would like a chance to discuss how to
organize a team effort to accomplish the many and varied activities.
Regards, Keith |
Do you believe that your RBs suck now? Do you want some help - I am your man |
you should see the rash |
Looks fine to me. What's your expectations re: Freeman paying us what he
owes us?
Best,
Jeff |
Much obliged; I promised in return to forward this legislative outline, and I
look forward to your views.
____________________Reply Separator____________________
Subject: MOU between SoCal Edison and Gov. Davis
Author: Jeff.Dasovich@enron.com
Date: 4/13/2001 11:07 AM
Ralph:
Apologies for taking so long. Here's the URL for the details of the MOU.
Look forward to reviewing your proposal.
Regards,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 04/13/2001 11:03 AM -----
http://www.edisoninvestor.com/financialexc/SCE_MOU.pdf
Received: from postmaster.enron.com ([192.152.140.9]) by mail.nrdc.org with
SMTP
(IMA Internet Exchange 3.14) id 00113BBB; Fri, 13 Apr 2001 12:05:14 -0400
Received: from mailman.enron.com (mailman.enron.com [192.168.189.66])
by postmaster.enron.com (8.10.1/8.10.1/external_corp-1.08) with ESMTP id
f3DG78606201
for <rcavanagh@nrdc.org>; Fri, 13 Apr 2001 11:07:08 -0500 (CDT)
Received: from nahou-msmsw03px.corp.enron.com ([172.28.10.39])
by mailman.enron.com (8.10.1/8.10.1/corp-1.05) with ESMTP id f3DG76L02834
for <rcavanagh@nrdc.org>; Fri, 13 Apr 2001 11:07:06 -0500 (CDT)
Received: from ene-mta01.enron.com (unverified) by
nahou-msmsw03px.corp.enron.com
(Content Technologies SMTPRS 4.1.5) with ESMTP id
<Tac1c0a2713a52e3bb87fe@nahou-msmsw03px.corp.enron.com> for
<rcavanagh@nrdc.org>;
Fri, 13 Apr 2001 11:07:16 -0500
Subject: MOU between SoCal Edison and Gov. Davis
To: rcavanagh@nrdc.org
X-Mailer: Lotus Notes Release 5.0.3 March 21, 2000
Message-ID: <OF8F964A33.7F3A44C9-ON86256A2D.00584057@enron.com>
From: Jeff.Dasovich@enron.com
Date: Fri, 13 Apr 2001 11:07:13 -0500
X-MIMETrack: Serialize by Router on ENE-MTA01/Enron(Release 5.0.6 |December
14,
2000) at
04/13/2001 11:03:00 AM
MIME-Version: 1.0
Content-type: text/plain; charset=us-ascii
- portfoliomgmtlegoutline.DOC |
Lisa Gang is interviewing for the Services Desk position in El Paso Scheduling. I will provide a copy of her resume to the interviews for review. Please see below for interview schedule and location:
Lisa Gang, Mt. Adams Conference Room, Thursday, August 9, 2001
11:00am-11:30pm - Greg Wolfe
11:30am-12:00pm - Stan Cocke
12:00pm-12:30pm - Chris Foster
12:30pm-1:00pm - Les Rawson
1:00pm-1:30pm - Bill Williams III
1:30pm-2:00pm - Cara Semperger
Each interview has been scheduled for 30 minutes. Please let me know if you have any questions. |
hey, don't forget that report...Keith's bugging me. thanks. |
EOL Deals From: 9/1/2001 To: 9/27/2001 EnPower From: 9/1/2001 To: 9/27/2001
Desk Total Deals Total MWH Desk Total Deals
Total MWH
[1]
EPMI Long Term California 527 10,535,725 EPMI Long Term California 102 4,273,805
EPMI Long Term Northwest 384 6,015,000 EPMI Long Term Northwest 454 15,115,061
EPMI Long Term Southwest 439 7,036,730 EPMI Long Term Southwest 293 22,328,990
EPMI Short Term California 2,361 2,129,781 EPMI Short Term California 692 1,837,214
EPMI Short Term Northwest 1,290 923,600 EPMI Short Term Northwest 623 762,604
EPMI Short Term Southwest 1,791 1,658,650 EPMI Short Term Southwest 884 2,451,283
Real Time 1,266 31,750 Real Time 665 72,783
Grand Total 8,058 28,331,236 Grand Total 3,713 see comments
EOL Deals From: 9/27/2001 To: 9/27/2001 EnPower From: 9/27/2001 To: 9/27/2001
Desk Total Deals Total MWH Desk Total Deals Total MWH
EPMI Long Term California 43 903,200 EPMI Long Term California 4 2,683,905 [2]
EPMI Long Term Northwest 26 442,000 EPMI Long Term Northwest 41 6,813,946 [3]
EPMI Long Term Southwest 12 218,350 EPMI Long Term Southwest 16 6,597,135 [4]
EPMI Short Term California 124 150,622 EPMI Short Term California 53 177,089
EPMI Short Term Northwest 88 94,800 EPMI Short Term Northwest 51 139,195
EPMI Short Term Southwest 81 238,600 EPMI Short Term Southwest 41 50,635
Real Time 154 3,850 Real Time 23 1,901
Grand Total 528 2,051,422 Grand Total 229 see comments
ICE Volumes From: 9/27/2001 To: 9/27/2001
Delivery Point Total MWH EPMI MWH Price
Cob (P, Next Day) 400 0 $ 20.50
Cob (OP, Next Day) 800 0 $ 20.25
Mid C (OP, Next Day) 4,000 0 $ 18.50
Mid C (P, Next Day) 1,200 0 $ 18.92
Mid C (P, Oct-01) 21,600 10,800 $ 22.90
Mid C (P, Nov-01) 40,000 0 $ 28.01
Mid C (P, Dec-01) 50,000 0 $ 35.20
Mid C (OP, Dec-01) 8,600 0 $ 27.00
Mid C (P, Jan-02) 31,200 0 $ 34.50
NP-15 (OP, Next Day) 800 0 $ 21.50
NP-15 (P, Next Day) 800 0 $ 21.63
NP-15 (P, Oct-01) 10,800 0 $ 25.50
NP-15 (P, Nov-01) 90,000 0 $ 28.08
NP-15 (P, Dec-01) 20,000 0 $ 35.50
Palo (P, Next Day) 4,400 0 $ 25.40
Palo (OP, Next Day) 1,600 0 $ 21.08
Palo (P, Next Week) 2,400 0 $ 27.25
Palo (OP, Oct-01) 39,125 0 $ 17.25
Palo (P, Oct-01) 162,000 0 $ 26.30
Palo (P, Nov-01) 60,000 0 $ 25.53
Palo (P, Jan-02) 10,400 0 $ 30.10
Palo (P, Q1 03) 30,400 0 $ 33.00
SP-15 (OP, Next Day) 3,200 800 $ 19.69
SP-15 (P, Next Day) 3,600 800 $ 22.52
SP-15 (P, Oct-01) 21,600 0 $ 25.18
SP-15 (P, Nov-01) 20,000 0 $ 26.88
SP-15 (P, Dec-01) 30,000 20,000 $ 32.17
SP-15 (P, Jan-02) 10,400 0 $ 32.00
SP-15 (P, Cal 03) 122,800 0 $ 39.75
Grand Total 802,125 32,400 $ 762.09
_____
[1]
kalport:
MW for 9/27/01 trades have not been added to Month-to-date. MWH's will be corrected Friday for Monday reporting.
[2]
kalport:
MW are not correct b/c of 76 EES trades entered. Number of Enpower trades are correct. MWH's will be corrected Friday for Monday reporting.
[3]
kalport:
MW are not correct b/c of 152 EES trades entered. Number of Enpower trades are correct. MWH's will be corrected Friday for Monday reporting.
[4]
kalport:
MW are not correct b/c of 144 EES trades entered. Number of Enpower trades are correct. MWH's will corrected Friday for Monday reporting. |
Wade, I have decided that everything currently in our system is incorrect.
Please set up a meeting with all the people shown above and we will discuss
how to correctly handle this in our system. We also have some other supply
behind the LDC that we might as well handle correctly.
Wade, while we are at it, do you want us to look at NYSEG, CPA, and East
Ohio??? Any others?
People I need in attendance
Mary Theresa or Jeanne
Steve Gillespie
Angie
Sylvia Campos (or someone from the contracts group)
This is what I'm thinking, everyone please think about this before we meet.
I think I will have Peoples set up as a pipeline and we will move all the
deals to this new pipeline.
Steve, get the Peoples password from Angie. I need you to go into escript
(Angie can help you with this) and run anything you can get out of this
system. These are actually CES passwords. It is my intention to use this
information to set up transport or pooling contracts in Sitara.
From: John M Singer @ ENRON 08/30/2000 06:46 AM
To: Victor Lamadrid/HOU/ECT@ECT
cc: Wade R Price/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, Angie
Zeman/Corp/Enron@ENRON@ECT, Gloria G Barkowsky/HOU/ECT@ECT, Mary Theresa
Franklin/HOU/ECT@ECT, Melissa K Ratnala/HOU/ECT@ECT, Bryce
Baxter/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Jeanne
Wukasch/Corp/Enron@ENRON@ECT
Subject: Re: Phillips Production Co - PNG City Gate Production
Phillips Production has/had two seperate PNG deals:
1. 500 MCFD; $2.82/MCF; 1/1/00 - 6/30/00
2. 300 MCFD; $2.95/MCF; 1/1/00 - 11/30/00
To my knowledge, PNG does not send out production information to either the
producer or the pool operator. This information should be available on
E-Script.
Phillips gets their production volumes (which they use to create our
invoice) from the company integrating the meter charts. I beleive that this
is the same information provide to PNG.
John
From: Victor Lamadrid @ ECT 08/29/2000 05:47 PM
To: Wade R Price/HOU/ECT@ECT
cc: Chris Germany/HOU/ECT@ECT, Angie Zeman/Corp/Enron@ENRON, Gloria G
Barkowsky/HOU/ECT@ECT, Mary Theresa Franklin/HOU/ECT@ECT, Melissa K
Ratnala/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT, John M
Singer/Corp/Enron@ENRON, Katherine L Kelly/HOU/ECT@ECT, Jeanne
Wukasch/Corp/Enron@ENRON
Subject: Re: Phillips Production Co - PNG City Gate Production
Wade, Thanks for bringing this issue to our attention. But I need help
understanding this one. We have a process already to handle John's behind
the citygate deals
Since, the actual scheduling is done by CES in Virginia, we never nominate
this gas nor do we see actuals. We hear about them from John and Terry and
we are supposed to get confirms from the producer and CES. Whenever one of
these deals occurs, we have buys from the producer and sales to CES to
account for these transactions internally.
It's my understanding that whenever John cuts one of these behind the
citygate deals; that Terry puts it into Sitara for him. The offset also
entered by Terry is a sale to CES (Now the New Power Company effective Sept.
1) with commercial (usually Chris Germany) confirming the sale price. Angie
schedules it in Unify under CNG and we create, track and balance like usual.
Is that not the case here? Is this something that's getting reconciled in
Jeanne and Terry's project for CNG???
By cc: Angie, please get with Terry /Jeanne and Chris to help Wade. THANKS!
Please keep me abreast of the status.
Wade R Price
08/29/2000 02:53 PM
To: Victor Lamadrid/HOU/ECT@ECT
cc: Chris Germany/HOU/ECT@ECT, Angie Zeman/Corp/Enron@ENRON, Gloria G
Barkowsky/HOU/ECT@ECT, Mary Theresa Franklin/HOU/ECT@ECT, Melissa K
Ratnala/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT, John M Singer/Corp/Enron@ENRON
Subject: Phillips Production Co - PNG City Gate Production
ENA is being invoiced by Phillips Production Company for production on
Dominion Transmission (CNG) via Peoples Natural Gas. This is
behind-city-gate gas that we do not get documents supporting the volumes. I
have invoices and production statements from Phillips.
Per John Singer Notes Mail of 08/23 concerning the July production," Phillips
Production / Peoples: Price: @ $2.95/Mcf Term: 1/1/2000 - 11/30/2000 Est.
Volume: 500/MCFD (Actual Volume will vary.) I have no way of verifying
the actual volume. Chris Germany and Angie Zeman will try to get into CES's
PNG pool via E-Script. This may be the only way to verify actual volumes. I
have a call into Phillips to see if they might have a pipeline statement
verifying volumes." Joihn's call to Phillips read partially, " I just
talked to Sam Fragale @ Phillips. The 7,843 Mcf @ $2.95 is ENA's. "
Our deals have been using point 20200 on Dominion Transmission (CNG). Deals
for Jan 00 - Mar 00 were 210359 and 210364. These were copied to 226543 and
229733 respectively for April 00 forward Deal 226543 has April 00 only, but
should probably be extended through June-00 according to deal notes from John.
Here is our current status on this gas
Prod Invoice Invoice Current
Month Volume Price Unify Vol Sitara Deal
May-00 4801 @$2.82 163 226543 (has April-00 only, should extend through
June?))
9748 @$2.95 353 229733
June-00 5341 @$2.82 0 226543 (has April-00 only, should extend through
June?))
9394 @$2.95 0 229733
July-00 7843 @$2.95 9552 229733
We need to get our proccess together for handling this each month through the
end of the deal terms.
Please direct the appropriate parties to help make these invoiced volumes
available on the deal and in Unify so I can pay Phillips.
Thanks WRP |
We have a Counterparty on the 1/5/01 List, Accenture LLP that we need to
approve immediately. Can you let me know ASAP whether you have any problems
with this counterparty. |
Even if it meets all the other requirements for an RTO, if the Board is a
creature of Southern Company's selection and serving at the pleasure of
Southern Company , it cannot be an independent organization. There might be
minor gains on the code of conduct issues, and this could be a hopeful
indication of a move to full divestiture. However, the Gridco will still be
in the position of proving its innocence whenever its actions seem to aid
Southern Company. Even if the organization were perfect in every way except
for independence, no one can be sure that it is not acting in the interests
of the integrated utility. I see little value in the Gridco authoring a
incentive plan vs the parent being the author, as long as the Board is not
independent of the incumbent enterprise.
From: Richard Ingersoll on 10/23/2000 09:20 AM
To: Joe Connor/NA/Enron@ENRON
cc: Christi L Nicolay/HOU/ECT@ECT, Dan Staines/HOU/ECT@ECT, Daniel
Allegretti/HOU/EES@EES@ENRON, Donna Fulton/Corp/Enron@ENRON, James D
Steffes/NA/Enron@ENRON, Janine Migden/DUB/EES@EES@ENRON, Jeff
Brown/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Mary
Hain/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Richard Shapiro/NA/Enron@ENRON,
Robin Kittel/HOU/EES@EES@ENRON, Ron McNamara/NA/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Steve Montovano/DUB/EES@EES@ENRON, Steve
Walton/HOU/ECT@ECT, Steven J Kean/NA/Enron@ENRON, Susan J
Mara/SFO/EES@EES@ENRON, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Tom Chapman/HOU/ECT@ECT,
Tom Delaney/Corp/Enron@ENRON, Tom Hoatson/HOU/EES@EES@ENRON
Subject: Re: Enron Response to October 15 RTO Filings/Southeastern RTO
Perhaps them having no say is a big step but it appears that they, in reality
have all the say.
Joe Connor@ENRON
10/18/2000 09:13 PM
To: Richard Ingersoll/HOU/ECT@ECT
cc: Christi L Nicolay/HOU/ECT@ECT, Dan Staines/HOU/ECT@ECT, Daniel
Allegretti/HOU/EES@EES@ENRON@ECT, Donna Fulton/Corp/Enron@ENRON, James D
Steffes/NA/Enron@ENRON, Janine Migden/DUB/EES@EES@ENRON@ECT, Jeff
Brown/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Mary
Hain/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Richard Shapiro/NA/Enron@ENRON,
Robin Kittel/HOU/EES@EES@ENRON@ECT, Ron McNamara/NA/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Steve Montovano/DUB/EES@EES@ENRON@ECT, Steve
Walton/HOU/ECT@ECT, Steven J Kean/NA/Enron@ENRON, Susan J
Mara/SFO/EES@EES@ENRON@ECT, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON@ECT, Tom
Chapman/HOU/ECT@ECT, Tom Delaney/Corp/Enron@ENRON, Tom
Hoatson/HOU/EES@EES@ENRON@ECT
Subject: Re: Enron Response to October 15 RTO Filings/Southeastern RTO
I don't have what Southern filed. I understand the filing will be on
Southern's web page (www.southernco.com) within a couple of days. I'm in
Virginia at the SERC Joint Committee Meeting and won't get the filings until
I get home Friday night.
As for an independent Board, as long as Southern owns the transmission assets
as it does in the proposed for-profit Gridco, there is about zero possibility
of them agreeing to have no say in the selection of the Board or in setting
the incentive plan. What specifically are you concerned about (the selection
process or the incentive plan or both)? I think we have a shot at getting
them to consider changing the setting of the incentive plan to let the Board
do it, as long as it is restricted such that it cannot impact the value of
the assets. Any thoughts? |
---------------------- Forwarded by David W Delainey/HOU/ECT on 01/16/2001
10:24 AM ---------------------------
George Huan@EES
01/08/2001 03:08 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: An Associate who loves EA so much
Dear Mr Delainey:
We met in the Associate Orientation last summer when you asked me if I would
like to join ENA for my first rotation. But since our first rotation was
assigned instead of chosen by ourselves, I was in no position to accept your
kindly invitation. Now that I am two months away from finishing my
first rotation, I remembered our conversation during the Orientation and was
more than eager to send you this email hoping that your invitation is
still open.
I would love to join ENA (EA). I believe by doing so, I will be given the
opportunity to work with the smartest people in this industry.
I also believe I am prepared to join the trading unit in ENA. I have five
years' experience in Metals trading - both physical and financial. At
business school at UT Austin, I chose Energy Finance as my concentration and
enjoyed tremendously these courses:
Risk management: Swap, Options, Delta and Vega hedge,...
Financial Strategy for Energy Companies: Financial decisions on investment
and long-term hedge, ...
Financial Engineering: Case studies on financial products invented by
Investment banks
Real Option Valuation: Decision making process considering the optionality in
the future
Energy Law: Regulation and Environment issues in Energy Industry.
All this above and my passion for this industry and Enron give me confidence
to explore the opportunity to work in ENA. Only if you could
give me five minutes of your precious time to allow me to prove my
qualifications, I will greatly appreciate it.
Have another great year!
George Huan
Associate
Commodity Risk Management, EES
5-3698 |
excelsior (ik-SEL-see-uhr) noun
Wood shavings used for packing fragile items.
[From a trademark. From Latin, literally higher, from excelsus, high.]
"In a glint of needle light, of grass seeds, dew flecks, a friend is
throwing her voice
While far inside a grainy heaven a butcher's apron ripples its dried
blood in the wind.
The bark strippings, excelsior, the panicles of the garden. In the midst
of summer a friend cuts greens and places them in a bowl as if they were
fronds.
A friend is a vinegar - and now, pearl-shaped, in clusters, faces among
her face,
As globes rise on the lawn, each above a root of recriminations."
Garden solstice, The Antioch Review, Jun 1, 1996.
The word excelsior is also the motto of the New York state:
http://50states.com/flag/nyflag.htm
It is also the title of a poem by Henry Wadsworth Longfellow:
http://bartleby.com/102/62.html
Of course, here they are not exhorting us to take inspiration from wood
shavings. Rather these refer to the Latin sense of the word. -Anu
This week's theme: Words from the names of newspapers.
Examples: The Daily Excelsior (India); the Excelsior (Mexico).
............................................................................
If you are afraid of being lonely, don't try to be right. -Jules Renard,
writer (1864-1910)
What to give to those who have everything? Give the gift of words.
Here is a gift that keeps on giving. To enter a gift subscription of
A.Word.A.Day, please visit http://wordsmith.org/awad/gift.html or ask
them to subscribe themselves at http://wordsmith.org/awad/subscribe.html
Pronunciation:
http://wordsmith.org/words/excelsior.wav
http://wordsmith.org/words/excelsior.ram |
Power Crisis in the West
POWER CRUNCH
IN THE WEST
January 22, 2001
Are the newspapers getting the real behind-the-scenes story on the energy
crisis in California? Do you need to get in-depth analyses from the players
shaping headlines like these below, and a forecast of where things might go
in the future? Attend Power Crunch in the West with Xenergy's Executive
Forum: Restructuring the California Market and Infocast's Status & Outlook
for Western Wholesale and Retail Markets scheduled for February 12-14, 2001
at the Holiday Inn on the Bay in San Diego, CA to get the insights
surrounding the following headlines:
For a full description of the program, download the brochure at:
http://www.pmaconference.com/crunch1.pdf
Plan Urges State Take Utilities' Hydro Plants
Los Angeles Times
Radical Assembly proposal would give California the facilities in exchange
for concessions to the beleaguered firms. Even some critics say the idea may
provide a framework for dealing with the crisis.more...
State May Face Bill of $5 Billion for Power
Los Angeles Times
In an extreme case, funds would be needed to avert blackouts for 90 days,
officials say. Davis pins hopes on auction to lock in lower rates; market
observers are skeptical. more...
Origin of Crisis
San Francisco Chronicle
They miscalculated demand, sold off too many plants: How PGOcreated the
current power disaster.more...
Bush Says the Power Crisis is a State Issue
The Associated Press
President elect rejects any U.S. bailout and places much of the blame on a
'flawed' deregulation law. more...
Milbank, Tweed, Hadley & McCloy LLP's Analysis of the FERC Order on the
California Power Crisis. Click here for the full analysis.
Get a serious understanding of the latest developments in California and
throughout the West that you just can't read about in the newspapers from the
key people directly tackling these issues. Get up-to-the-minute briefings
from:
William Keese, Chairman of the California Energy Commission
Stephen L. Baum, CEO of Sempra Energy Corporation
Curtis L. H,bert, FERC Commissioner
As well as representatives from key market players including:
Utilities: Sempra Energy, PG & E, Southern California Edison, Arizona Public
Service
Power Suppliers: Duke Energy, Reliant Energy, Calpine
User Groups: California Manufacturer's Association, TURN, UCAN
Market Operators: California Power Exchange, California ISO, Automated Power
Exchange
Northwest Planning Council and more...
There is still time to take advantage of the Early Bird offer, available
through Friday, January 26, 2001. "Status & Outlook for Western Wholesale and
Retail Markets" and the "Executive Forum: Restructuring the California
Market".
For a full description of the program, download the brochure at:
http://www.pmaconference.com/crunch1.pdf |
Attached is a draft copy of the Project E2 Contact List. Please verify your
contact information, and e-mail me any changes needed. Thanks
Jinsung Myung
(37330) |
----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:09 PM -----
James D Steffes
02/27/2001 08:21 AM
To: Alan Comnes/PDX/ECT@ECT, bhansen@lhom.com, Harry
Kingerski/NA/Enron@Enron, hgovenar@govadv.com, Janel
Guerrero/Corp/Enron@Enron, JBennett@GMSSR.com, Jeff Dasovich/NA/Enron@Enron,
jkradin@marathon-com.com, Joe Hartsoe/Corp/Enron@ENRON, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen Denne/Corp/Enron@ENRON,
Linda Robertson/NA/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Mary
Hain/HOU/ECT@ECT, mday@gmssr.com, Paul Kaufman/PDX/ECT@ECT,
rcarroll@bracepatt.com, rlichtenstein@marathon-com.com, Richard
Shapiro/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron,
syamane@marathon-com.com, SGovenar@govadv.com, Steven J Kean/NA/Enron@Enron,
Susan J Mara/NA/Enron, Michael Tribolet/ENRON@enronXgate
cc: Kathryn Corbally/Corp/Enron@ENRON
Subject: Wall Street's Opinions on Transmission Deal in CA
I am forwarding some Wall Street comments from Kathryn Corbally related to
the Transmission buyout.
Looks like they view it as very favorable - not a major hit against EPS tied
to full recovery of remaining undercollection.
Not sure yet if they incorporate the going forward - maybe SCE doesn't want
any merchant obligations?
Jim
----- Forwarded by James D Steffes/NA/Enron on 02/27/2001 08:18 AM -----
Kathryn Corbally
02/26/2001 04:47 PM
To: James D Steffes/NA/Enron@Enron
cc:
Subject: CaliforniA
Jim, Have sent you three notes that show some level of support to activity in
California
- its probably a little bias since there are a few reports out there that say
quote the 'devil is in the details' and quote
'the odds of bankruptcty remain in the 50% range.'
Note1
09:42am EST 26-Feb-01 ABN AMRO Inc. (Ford,Daniel F. 212/258-1548) CPN DYN EIX
One Down Two to Go
One Down Two to Go
ABN AMRO -- Research Notes
Subject: Power
Companies Mentioned: CPN, DYN#, EIX, PCG, SRE
Analyst: Daniel F. Ford, CFA 212/258-1548
Po Cheng, CFA 212/258-1709
==============================================================================
=
Date: February 26, 2001
------------------------------------------------------------------------------
-
Highlights:
- On Friday (2/23), Governor Davis triumphantly announced that the State of
California and Edison International had reached an agreement in principle
for the sale of its electric transmission system as part of a financial
recovery package. He also commented that "good progress" was made with
Sempra Energy and "some progress" with PG&E Corp.
- The preliminary terms of the agreement call for the State to buy Edison's
transmission system for approximately $2.76 billion (2.3x estimated book
value) and allow for the securitization of "a substantial portion of its
undercollection".
- In exchange, Edison would: 1) make payments of approximately $420 million
to its utility subsidiary, Southern California Edison; 2) commit the
entire
output of an Edison Mission project at cost-based rates for 10 years; 3)
provide cost-based rates from native generation for another 10 years; 4)
give conservation easements on 20,000 acreas of watershed lands for 99
years; and 5) drop a pending lawsuit against the California Public
Utilities Commission.
- We view this agreement as a positive development. Based on the 2.3x
purchase price, the EPS hit from the loss of the transmission lines would
be approximately $0.10 lower than our worst case estimate (at 1.5x) of
$1.90 . The agreement, however, is not final and additional details need
to
be worked out before being submitted to the legislature.
- Events to watch over the next couple of weeks include: 1) a definitive
agreement with Edison; 2) deals with PG&E Corp. and Sempra Energy; 3) a
package that the legislature can accept (which could include concessions
from generators); and 4) terms that are acceptable by the FERC.
- In our opinion, the proposed deal is reasonable for EIX shareholders and
renews the hope for a resolution to the crisis. While our optimism is
tempered by the shortening timeframe, we are encouraged by the governor's
recent statements, which have been more positive than negative. As such,
we
maintain our Buy ratings on Edison International and PG&E Corp as well as
on the generation companies: Calpine and Dynegy.
Other News:
In other related news, on Friday (2/23) Edison announced that all of its banks
have agreed to extend their forbearance until March 14.
Note 2
05:16pm EST 26-Feb-01 Goldman Sachs (NEWYORK) EIX PCG ACTION
EIX agrees to deal in principle with Gov Davis.PCG still negotiating.Buy
EIX...
Goldman, Sachs & Co. Investment Research
EIX agrees to deal in principle with Gov Davis.PCG still negotiating.Buy EI
* On February 23, EIX and Governor Davis reached an agreement in principal
in which the state would agree to buy the transmission grid and allow
for recovery of a 'substantial portion' of unrecovered cost in return
for EIX refunding money from its parent to the utility and dropping
pending litigation. This settlement appears to be a reasonable 'shared
pain' scenario and is consistent with the 'buyout vs. bailout'
structure we have been anticipating. To be enacted the deal needs to be
finalized and approved by the EIX board and the California Legislature.
FERC also must approve the asset sale.
* EIX agreed to sell a portion of its electric transmission system to the
state of California for $2.76 billion and transfer $420 million cash to
its utility subsidiary from the parent. In return, the state would
allow EIX to recover a substantial portion of its under-collected power
costs and drop pending litigation in which the company is pursuing rate
hikes. If approved by the EIX board and California legislature this
agreement, in concert with passage of ABX1-1, would eliminate the
overhang that has depressed EIX shares.
* Although dependent on several factors, we believe the net impact on
earnings from the settlement will not be as high as the current EIX
stock price implies. We believe post-settlement EPS in 2002 will likely
total at least $2.00/share, which supports a conservative valuation of
$20 share (10X '02 EPS, a 20% valuation discount to the peer group).
* Also late last week, PCG issued a press release indicating they had met
with the Governor, had submitted proposals, and discussions were
ongoing. With the framework already established for EIX, we expect a
PCG settlement could be announced in the near future. PCG's negotiating
flexibility is limited relative to EIX because their generation rates
are lower, their under-recovered balance is higher, and the potential
cash 'refund' from parent to subsidiary being requested by the
government is probably larger.
* PCG's transmission system has a book value of roughly $1.5 billion. At
2.3X book value, these assets could potentially be worth $3.5 billion.
Assuming a parent company to utility cash transfer proportional to the
one proposed for EIX, we estimate PCG would refund $780 million. PCG's
stock price also reflects an earnings impact more punitive than implied
by a settlement of this nature. We believe a deal like this would
support post-settlement EPS of at least $2.50/share which supports a
conservative valuation of $25/share (10X '02 eps, a 20% valuation
discount to the peer group).
* Because EIX has a 'deal in principle' the stock is trading at a premium
to PCG despite having lower potential 2002 earnings power. Those
investors who believe PCG will strike a deal that is similar in
structure and proportional to EIX's settlement should purchase PCG over
EIX at this juncture.
NOTE 3
09:17am EST 26-Feb-01 Merrill Lynch (S.Fleishman (1) 212 449-0926) EIX PCG
UTILITIES-ELECTRIC:California: One Goes Forward, But Need All Three
ML++ML++ML Merrill Lynch Global Securities Research ML++ML++ML
UTILITIES - ELECTRIC
California: One Goes Forward, But Need All Three
Steven I. Fleishman (1) 212 449-0926
Reason for Report: Governor reaches preliminary agreement with Edison; PG&E
up
in the air; Need all 3 utilities to move forward
Investment Highlights:
o On Friday, Governor Davis announced a preliminary agreement with Edison
International (EIX; D-2-2-9; $14.69) on a financial resuscitation plan. The
plan follows the basic framework previously outlined by the Governor.
o The state will purchase Edison's transmission assets for $2.76B, or 2.3x
book value. This would help pay off some of Edison's net $4.1B of
undercollections (a number agreed upon with the Gov.) The remainder will be
recovered through a bond financing tied to a dedicated rate component to be
carved-out of Edison's rates.
o In exchange, Edison will agree to: 1) Drop the lawsuit against the PUC,
2)
Invest $420M back into the utility from the parent, representing tax
overcollections , and 3) Sell power from its hydro and nuclear assets at cost-
based rates for the next 10 years. Edison also agreed to sell power from its
unregulated Sunrise plant, currently under construction, at cost-based rates
for 10 years.
o A number of uncertainties remain in Edison's deal, and it is still
preliminary. The exact terms and language will be very important,
particularly
given the need to issue securitization bonds. It is impossible to provide
exact earnings guidance based on this deal, but the only loss of earnings
power
would appear to come from lost transmission earnings (-$0.20-$0.25/share) and
potentially lower generation earnings depending on the terms of cost-based
rates.
o This is a significant step forward for Edison and the resolution of the
CA
power credit crisis. However, it could be for naught if the other utilities
cannot work out deals. We believe Sempra Energy (SRE; B-2-1-7; $22.10) is
relatively close, but PG&E's (PCG; D-2-2-9, $13.70) talks were flailing last
week. We continue to see little chance that this plan can move forward and
pass through the legislature unless all the utilities are on board.
o We believe PG&E is willing to work a deal within this framework.
However,
the simple problem is that PCG's undercollection numbers are much bigger. At
YE 2000, PCG's net undercollection was more than $5B and we believe this may
have reached $7B by the end of January. Selling the transmission for 2.3x
book
would provide only $3.5B, leaving the other half to be recovered though the
dedicated rate component/securitization. It may be that the only way the
numbers can work is with a rate increase.
Despite the significant hurdles that remain, we believe the momentum toward a
constructive outcome is improving. To that end, we maintain our Accumulate
ratings on EIX and PCG for high rate accounts. |
THE SOURCE
The eSource Bulletin October 2001
COMPANY INFORMATION
? Looking for a company's?.?
Business Description Executives/Bios Financials
Facilities Competitors Subsidiaries
SIC Codes Government/SEC Filings Lawsuits
Global Securities Public Records Commodity Pricing
Technical Publications Intellectual Property News
Credit Reports Economic Analysis Global Industries
Market Research Reports Analyst Reports Strategic Alliances/JVs
Global Credit Ratings Mergers & Acquisitions Syndicated Loans
Restructures Corporate Governance Venture Capital
Information is available for public, foreign and private companies on a real-time, historical and forecast basis.
? Where do I look for general information on a company? Company website, Hoovers, Dow Jones Interactive, Nexis-Company Dossier, Yahoo market guide
? Where are corporate financials or equity information? SEC filings (10-K, 10-Q), Analyst reports, Global Disclosure, Dunn & Bradstreet*, Million Dollar Database*, Bloomberg*, Firstcall*, investex*, Multex*
? Where can I find a company's credit rating? Standard & Poors' , Moody's and Fitch
? I cannot find any information on a company, why not?
1. Check the spelling of the company name
2. The company is a subsidiary and/or its parent is a foreign entity (non US)
3. It may be a Private Company (information is not readily available)
4. Contact eSource (http://esource.enron.com/RequestSearch.asp) with your detailed request.
Web Sources Proprietary Databases
General: Bloomberg
www.yahoo.com Dialog
www.fool.com Dun & Bradstreet
www.redherring.com FactSet
www.corporateinformation.com FirstCall
www.allbusiness.com FIS Online
www.moneycentral.msn.com Global Access
General (need password): Hoover's
www.hoovers.com Investex
www.djinteractive.com MillionDollarDatabase
www.nexis.com Moody's
Financial: Multex
www.areport.com SDC
www.sec.gov Standard & Poors
www.financials.com Skyminder
www.tenkwizzard.com LiveEdgar
www.usatoday.com
*Fee-based, available through eSource: 713-853-7877
Check out these and other great web sources at http://esource.enron.com |
Tanya,
Kim mentioned to me that legal wanted by delivery point and financial/physical broken out, so here is an update. Numbers are still as of 10/18/2001.
Stacey |
Attached are the inserts to Schedules 3.1(d), (n) and (q) that we discussed.
Please let me know if you have any questions regarding the attached.
Regards,
Rob Taylor
Andrews & Kurth L.L.P.
Chase Tower
600 Travis Street
Suite 4200
Houston, Texas 77002
Tel: (713) 220-4436
Fax: (713) 238-7273
robtaylor@andrews-kurth.com
This e-mail (and any attachment(s) hereto) is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information. If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail (and any attachment(s) hereto) is strictly
prohibited. If you have received this e-mail in error, please immediately
notify me at (713) 220-4436 and permanently delete the original and any copy
of such e-mail and destroy any printout of such e-mail.
- Ridersto.DOC |
Bob Shults
EnronOnline LLC
Houston, Texas 77002-7361
713 853-0397
713 825-6372 cell
713 646-2126
bob.shults@enron.com |
If I remeber correctly, you were writing a time-table for the Ontario Peaker
deal. |
Here is the Entergy project cost model.
Ben
3-7998 |
Sorry Nella, I replied a while ago directly to Rob Milnthorp
-----Original Message-----
From: Cappelletto, Nella
Sent: Thursday, August 09, 2001 12:15 PM
To: Davies, Derek; Devries, Paul; Le Dain, Eric; Mckay, Jonathan; Zufferli, John
Subject: REMINDER - Enron Americas - 2Q EOL, Mid Market and Originations Transactions
Importance: High
Gentlemen, on July 25th I had forwarded to you a memo and the results of the second quarter soft targets for Enron Americas. I have not heard back from you with respect to the accuracy of the information in the reports. Could you kindly let me know if changes should be made to these reports in order that I may forward our corrected information to Houston.
Regards, Nella |
SIVY ON STOCKS from money.com
May 21, 2001
*****************[ A D V E R T I S E M E N T ]****************
Jump-start a child's College Fund with MONEY's $5000 QUICK CASH
Sweepstakes! It's easy - just click the link below for your
chance to enter to win $5000 Cash! Plus while you're at money.com,
jumpstart your investments with a FREE Trial issue of MONEY!
Click Here: http://www.money.com/scholarship
**************************************************************
Steady profits
Companies like Johnson & Johnson that post consistent profit gains are the
best choice to balance volatile tech stocks.
By Michael Sivy
Tech stocks soared on Monday -- their fifth straight winning session. Over
the past two months, in fact, the Nasdaq Composite index has soared more
than 35 percent, fueled by falling interest rates and signs that the
economy is holding up reasonably well. Moreover, after five interest rate
cuts this year by the Federal Reserve, it's likely that the economy will be
in an upswing by next year and that tech stocks will go on to further big
gains over the next 12 to 18 months.
But even the most aggressive investors should think twice about putting too
much money into the tech sector. It will continue to be extremely volatile,
and might hit another air pocket before the economy begins a sustainable
recovery. Fortunately, there are several other stock groups with
above-average growth rates that can help balance a tech-heavy portfolio.
Companies with the most consistent earnings include broadly diversified
makers of drugs and other health-care products. And among those firms,
Johnson & Johnson [JNJ] stands out.
I last recommended J&J in April 2000 at a price of $77.50 and a
price/earnings ratio of 23 (see "J&J bounces").
[ http://www.money.com/money/depts/investing/sivy/archive/000417.html ]
At the time -- well before the downturn had even started -- analysts were
forecasting that the company would turn in earnings growth of 13 percent to
14 percent. And despite the unexpected economic slump, J&J has hit the
high-end of that target. As a result, the stock has gained 30 percent since
then to $100.50 a share. And all the indications are that the company will
be able to maintain its solid earnings growth rate through the rest of this
year and beyond.
A large part of J&J's consistency comes from the fact that it is so well
diversified. In addition to making well-known items such as Band-Aids,
Tylenol and baby shampoo, the company has a booming pharmaceuticals
business, as well as major biotech and medical equipment divisions. Among
drugs, one of J&J's hot new products is Procrit, used to treat anemia. And
the medical equipment division has a state-of-the-art stent -- used to prop
open clogged arteries -- that can treat abrupt vessel closure even in cases
that have traditionally been difficult.
But diversity is not the only explanation for J&J's success. The company
has been extremely deft in managing its portfolio of businesses, disposing
of more than 20 and acquiring more than 40 over the past decade. Most
recently, J&J announced in March that it would acquire Alza, a leader in
drug-delivery technology.
In addition, J&J has raised its dividend every year for the past 38 years,
most recently by 12.5 percent in April. At the same time, the company
announced that it would split its shares 2-for-1 on June 13, for
shareholders of record as of Tuesday's close.
Despite potential long-term returns averaging more than 15 percent
(including a 1.5 percent dividend yield), J&J still trades at a P/E 22
percent below those of other major drug stocks. That discount reflects
J&J's heavier dependence on over-the-counter health and beauty aids and a
less impressive new product pipeline than companies such as Merck and
Pfizer have. Nonetheless, J&J's 26 P/E looks rather low compared with its
growth rate. Adding such a stock to a portfolio of high-flying tech issues
is a no-tears formula for lower risks and more consistent returns.
###
Post your comments on Michael's column at:
http://www.money.com/depts/investing/sivy/index.html
To subscribe or unsubscribe to Sivy on Stocks, go to:
http://www.money.com/email/
-----------------------------------------------------------
CONTACT THE BIGGEST COMPANIES IN THE WORLD!
Over 5,000 contact names in the OFFICIAL FORTUNE Databases.
DOWNLOAD THEM NOW!
http://www.fortune.com/sitelets/datastore/index.html?mn01
-----------------------------------------------------------
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
Special Internet Offer!!!
Sign up for a RISK-FREE issue of MONEY MAGAZINE at
http://www.money.com/subscribe2
Or if you prefer call our toll-free number 1-800-544-4594
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
We may, from time to time, contact you with offers for Time Inc.
products and services which we think may be of interest to you.
If you would prefer us not to contact you in this manner, AND
YOU DID NOT INDICATE THIS PREFERENCE AT THE TIME YOU SIGNED UP
for the Sivy on Stocks online newsletter or any other Time Inc.
online newsletters, please let us know by sending us an e-mail
at <no_solicit@money.com>.
Additionally, from time to time we may provide your e-mail
address to carefully chosen companies whose offers we think may
be of interest to you. If you would prefer us not use your
e-mail address in this manner, AND YOU DID NOT INDICATE
THIS PREFERENCE AT THE TIME YOU SIGNED UP for the Sivy on Stocks online
newsletter or any other Time Inc. online newsletter, please let
us know by e-mailing us at <no_transfer@money.com>. |
Stephanie -
Based upon the below message, I have made the necessary update to the agreement and have attached the final version (the file for which can be found in Tana's O drive). Please print the necessary originals, have me initial and forward for signature to the proper Enron Credit officer. Then we can forward the originals to Ms. Ford at the below address.
Thanks.
Mark
-----Original Message-----
From: "Ford, Jeannine" <jeannine.ford@experian.com>@ENRON
Sent: Wednesday, October 31, 2001 5:39 PM
To: Greenberg, Mark
Cc: Detiveaux, Kim; Jones, Tana; West, Don; Granger, Sharon
Subject: RE: non disclosure
Dear Mark,
The changes that you've incorporated into the non-disclosure are acceptable.
If you could make one final change in the signature block to change
"Experian" to "Experian Information Solutions, Inc.", then you can forward
the originals to my attention at the following address:
Jeannine A. Ford
Manager, Contracts
Experian Information Solutions, Inc.
505 City Parkway West, 10th Floor
Orange, CA. 92868
Thank you very much for making the requesting additions.
Respectfully yours,
Jeannine A. Ford
Manager, Contracts
Experian Information Solutions, Inc.
-----Original Message-----
From: Greenberg, Mark [mailto:Mark.Greenberg@enron.com]
Sent: Wednesday, October 31, 2001 2:30 PM
To: jeannine.ford@experian.com
Cc: Detiveaux, Kim; Jones, Tana
Subject: FW: non disclosure
Importance: High
Jeannine -
I have have been asked to work with you directly on completing a
non-disclosure agreement between Experian and Enron Credit, Inc.
As you can see from the below message, I have been provided with your
Addendum to the Confidentiality Agreement. Based upon this document, I
have made the appropriate changes to the original agreement forwarded so
that all terms are contained in one agreement. I have attached a
redlined version of the agreement below for your review.
I have not incorporated portions of your suggested changes to Paragraph
1 (a portion of the last sentence) or Paragraph 8 (now 18)(the lenght of
the confidentiality obligations). Otherwise, all modifications have
been incorporated.
Please review the attached at your convenience and let me know your
thoughts. If this draft meets with your approval, please let me know
and I will forward originals for Experian's signature.
Mark Greenberg
Senior Counsel
Ph: 713-345-8897
Fax: 713-646-4842
E-mail: mark.greenberg@enron.com
-----Original Message-----
From: Detiveaux, Kim
Sent: Wednesday, October 31, 2001 7:47 AM
To: Jones, Tana
Cc: Greenberg, Mark; Chaney, Craig; Perinne, Albane; Sharon Granger
(E-mail)
Subject: FW: non disclosure
Tana:
The attached file contains changes, prepared by Experian's attorneys, to
the NDA we sent last week. Their legal contact is Jeannine Ford.
Jeannine's email address is Jeannine.Ford@experian.com. Please work
directly with her to resolve outstanding issues.
We are scheduled to meet with Experian Tuesday 11/6, to discuss the
application of their data. The NDA needs to be in place by that time.
Please contact me with any questions.
Kim Detiveaux
-----Original Message-----
From: Sharon.Granger@experian.com [mailto:Sharon.Granger@experian.com]
Sent: Tuesday, October 30, 2001 4:09 PM
To: Detiveaux, Kim
Subject: non disclosure
I'm sure you did not expect this, but our legal department has made some
suggested changes to your standard non disclosure agreement. They
prepared them
in the form of an Addedum and I am attaching it for your review. Please
call me
if we need to get the legal teams talking.
(See attached file: Enron non disclosure add 10_01.doc)
Sharon Granger
Experian Business Information
450 Gears Road, Suite 130
Houston, Texas 77067
281.877.1436
sharon.granger@experian.com
**********************************************************************
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 enron.messaging.administration@enron.com 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.
********************************************************************** |
You have received this email because you are listed as a security approver.
Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000034385&Page=
Approval to review and act upon this request.
Request ID : 000000000034385
Request Create Date : 5/11/01 1:09:27 PM
Requested For : scott.goodell@enron.com
Resource Name : ICE - External Intercontinental Exchange US Natural Gas
Resource Type : Applications |
----- Forwarded by Linda Robertson/NA/Enron on 05/11/2001 10:31 AM -----
David Lugar <DLugar@QuinnGillespie.com>
05/10/2001 04:30 PM
To: "Linda Robertson (E-mail)" <Linda.Robertson@enron.com>, "John Shelk
(E-mail)" <John.Shelk@enron.com>
cc:
Subject: FW: This went out today
Linda,
This went out today from Majority Leader Armey to his Republican colleagues.
On message!
-----Original Message-----
From: Ed Gillespie
Sent: Thursday, May 10, 2001 3:28 PM
To: ENRON
Subject: FW: This went out today
fyi
Addressing the Energy Deficit:
A Conflict of Visions
May 9, 2001
Dear Republican Colleague,
For the last eight years, we have had no coherent energy policy.
Former-Secretary of Energy Bill Richardson said last year in response to
rising gasoline prices, "We were caught off guard. We were asleep at the
wheel." Well it's time to wake up, and I think the Bush-Cheney
Administration is ringing the alarm bell.
As we get into the debate over how to get out of this energy
deficit, it is important to remember that Democrats have long advocated high
prices to curtail your energy consumption. Remember the Btu Tax? I do.
The current crisis is the culmination of both a neglect of real energy
solutions and a concrete plan to restrict supply and drive up prices.
This summer is the Democrat energy ideal, because it forces you out of your
car, to turn off your air-conditioning, and to dramatically change your
energy consumption habits. Their plan calls for a fuel quota for SUV's!
To me, this exemplifies the difference between their vision and ours.
* We're for modern technology solutions, abundant and affordable
energy, streamlining and innovation.
* They're for rationing energy, more government control, scarcity and
excessive sacrifice.
* We're for newer, cleaner, more abundant sources of energy to fuel
our high tech economy. Even traditional fuels like oil and gas can be
derived more safely, more cleanly, more efficiently.
* They're for controlling your consumption and imposing new government
mandates on energy.
* We're looking to the future and looking at comprehensive, reality
based solutions to a long-term problem.
* They're stuck in the past and looking for Jimmy Carter solutions
that led to gas lines, stagflation and malaise.
To me the choice is clear. We can recognize that we have a real problem and
look to real solutions, or we can stick our head in the sand, slap on a few
band-aids and falsely claim to have "solved the problem." I choose the
former.
Sincerely,
DICK ARMEY
DOUGLAS FARRY
Office of Majority Leader Dick Armey
H-226 The Capitol
(202) 225-6600
"Ground Zero in the Fight for Tax Cuts!!!" |
Thanks for the quick response, please say hello to Jeff for me, thanks, Roy.
-----Original Message-----
From: Jeff.Skilling@enron.com [mailto:Jeff.Skilling@enron.com]
Sent: Thursday, March 15, 2001 4:32 PM
To: Roy Trice
Cc: Joannie.Williamson@enron.com
Subject: Re: Social and Work
Dear Mr. Trice,
On behalf of Jeff Skilling, I am writing to thank you for the invitation to
the CAM gala on April 6. Unfortunately, Jeff will be unable to join you as
he will traveling out of the country on that date.
With regard to your second invitation to meet your business partner next
week, I regret to tell you that he is unable to accept the offer. He will
be in So. America, and therefore, will not attend the GS conference in
Aspen.
Sincerely,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com
Roy Trice <RTrice@carlsoncapital.com> on 03/15/2001 04:07:07 PM
To: "'Jeff.Skilling@enron.com'" <Jeff.Skilling@enron.com>
cc:
Subject: Social and Work
Jeff,
Two things:
Would you like to join Liz and me at the Contemporary Arts Museum Gala,
Friday, April 6th at 7.30, Bayou Club, Black Tie?
I would like to introduce you to my business partner, Clint Carlson in
Aspen
next week. He is going to attend the Goldman Sachs Natural Gas conference
March 18th - 21st . Clint is the chief investment officer of our firm and
is the portfolio manager for our relative value arbitrage strategy (pairs
trading) which includes about $450mm in energy pairs.
Please let me know, Roy Trice, 214.932.9618. |
Matt told me he is going to draft an lsu player with the first pick - Eddie
Kennison
To: Phillip M Love/HOU/ECT@ECT
cc: Eric Bass/HOU/ECT@ECT, Jason.Bass2@COMPAQ.com, Bryan Hull/HOU/ECT@ECT,
David Baumbach/HOU/ECT@ECT, lqcolombo@aol.com, Michael Walters/HOU/ECT@ECT,
Harry Bucalo/HOU/ECT@ECT, Gary W Lamphier/HOU/ECT@ECT, O'Neal D
Winfree/HOU/ECT@ECT, Hector Campos/HOU/ECT@ECT, Lenine
Jeganathan/HOU/ECT@ECT, Brian Hoskins/HOU/ECT@ECT
Subject: Re: draft
i am going to take stephen davis. |
Communication is one of Enron,s key values. In our continuing effort to
increase communication with our customers, Enron Net Works is hosting a
Technology Showcase. The purpose of this showcase is to keep you, our
customer, aware of the tools available to you today as well as plans for the
future. Come see and hear about the future of(. Laptops, Desktops,
Operating Systems, Messaging, and much more.
Date: Friday, May 19, 2000
Time: 10:00 - 2:00
Place: Enron Plaza
Come join the fun and learn more about:
Demonstrations
? Hardware ) Laptops, Desktops, Printers, Scanners, Handhelds
? Windows 2000 ) Hear about Project GEM (The Global Enron Migration to
Windows 2000) First look at new workstation operating system.
? Messaging ) See the future of messaging including voice integration, faxing
ability, handheld integration, etc.
? Web Site ) Announcing the New Information Technology Web Site
? Remote Connectivity ) Get all your questions answered!
? SRRS ) See the future Security Recourse Request System in action!
? Pagenet Pagers ) Two way paging helps you stay in touch
? Houston Cellular ) Available choices
Information Booths
? Training ) Information on available classes.
? Resolution Center ) Come hear about the new name and mission of the Help
Desk
? Customer Care ) New Unit focusing on your satisfaction. Surveys, Feedback,
etc.
Prizes (Must complete survey to be eligible for drawing.)
? Autographed Houston Aeros Hockey Stick and Puck
? Houston Astro Tickets
? Laptop case with wheels
? Shirts
So, mark your calendars and don,t forget to stop by and see your Information
Technology Team in Action! We look forward to seeing you there!
Susan Lopez
Director, Customer Care
713-853-7947 |
Mary,
Set forth below are the provisions that should be included in a margin
agreement whereby ENA will borrow funds from a non-U.S. entity (i.e., ABN
AMRO) and make payments of principal and interest pursuant to the borrowing.
As you'll note, the language provides that ENA will only be required to make
(and be liable for) payments of interest that are net of any U.S. withholding
tax and, thus, ABN AMRO will bear the burden of any U.S. withholding tax.
All payments under this Agreement shall be made without any deduction or
withholding for or on account of any Tax unless such deduction or withholding
is required by any applicable law, as modified by the practice of any
relevant governmental revenue authority, then in effect. If a party is so
required to deduct or withhold, then that party ("X") shall (a) pay to the
relevant authorities the full amount required to be withheld promptly upon
the earlier of determining that such deduction or withholding is required or
receiving notice that such amount has been assessed against Y, (b) pay and be
liable to Y for only the net amount owed after reduction for any Tax, and (c)
promptly forward to Y an official receipt (or a copy thereof), or other
documentation reasonably acceptable to Y, evidencing such payment to such
authorities.
"Tax" means any present or future tax, levy, impost, duty, charge, assessment
or fee of any nature (including interest, penalties, and additions thereto)
that is imposed by any government or other taxing authority in respect of any
payment under this Agreement.
Please contact me at ext. 35777 with any questions.
Best regards,
Jeff
MARY COOK
07/14/2000 11:18 AM
To: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT
cc: Jeff Blumenthal/HOU/ECT@ECT, Jason Peters/Corp/Enron@Enron
Subject: Margin Lines: Bank One and ABN
Bank One Line is closing today, with give up agreement to be finalized early
next week. If there is any particular "file" processing for credit lines
applicable to this group, please advise. Otherwise, I will have file with
originals set up and provided to Kay Young for central file room.
ABN further comments are due Monday and phone conference indicates very few
issues. Should close next week.
By copy to Jeff, please provide tax comments on ABN on Monday. Thank you.
Mary |
Mark, we should rotate the desk (as per this email). Shall I speak to the
group or would you prefer to do it? SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/04/2000
05:04 PM ---------------------------
Susan Bailey
01/04/2000 04:39 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Confirmation Desk Rotation
Sara,
With end of 1999 so came the end of my four (4) month rotation as the Legal
Contact for the Confirmation Desk. Back in August, Carol, Shari and you had
determined that a Confirmation Desk Rotation was essential, and had therefore
designated me to serve the September 1, 1999 - December 31, 1999 rotation.
It was my understanding, Susan Flynn would begin her rotation commencing on
January 1, 2000, with Marie Heard following at the expiration of Susan
Flynn's term.
However, your recollection as to who follows me may be different. Also, you
want to discuss this matter with Mark since he was not in attendance at the
August meeting.
Thanks. |
We (Mike Gough, plant manager, Mike Mazowita and various Westinghouse "SWPC"
commercial folks) have had a few lengthy discussions concerning the February,
April and August outages. The current issues and their status is as follows:
Outstanding Invoices: The Feb and April invoices total to $1,627,541.81.
The breakdown is 2 times $420,388.06 Labor and $786,765.69 Parts. We have
analysed the Parts invoices and have determined that the calculation
correctly (or favourably in some cases) determines the correct useful life
charge.
Tenaska Invoice Dispute: Tenaska asserted that they should not be required
to pay either the parts or the labor for these outages (and would have held
similar for the August outage). The parts which were the source of the
failure, the transition pieces and seals (including allocable labor), were
noted on the invoices as "Warranty." The invoices were for the "actually
used life" for the repaired/replaced components as well as the incremental
labor associated with replacing these components. Tenaska believes the
incremental should be covered under consequential damages under either the
warranty provisions of the maintenance agreement or the individually signed
labor agreements. SWPC contends that there is no consequential damage
concept in either agreement.
Temporary resolution as of today: We have agreed with SWPC to pay all parts
life charges and hold aside the labor charge in escrow pending legal review.
The review and either concurrence with SWPC or Tenaska needs to be reached
immediately. I would like Richard Sanders of legal to spearhead this review
and deliver a preliminary view by cob tomorrow. We will execute some form of
escrow and or payment depending upon Richard's determination.
Power Systems root cause analysis: We will have PS at the site during next
weeks outage and will be required to pay for 1 full 8 hours of shift
downtime. Once we know the legal review from 3 above, I will inform SWPC of
this issue. The plant personnel already know and will fully cooperate.
At this time, I would not expect that we have a potential disclosure issue on
the invoices (certainly open to change).
Chuck Ward |
---------------------- Forwarded by Ginger Dernehl/HOU/EES on 03/02/2000
12:27 PM ---------------------------
Allison Navin@ENRON
03/02/2000 09:32 AM
To: Ginger Dernehl/HOU/EES@EES
cc: Cynthia Sandherr/Corp/Enron@ENRON
Subject: Enron comments on Barton bill
Ginger - Attached are Enron's finalized comments on the Barton bill. Would
you please forward to all the folks in Rick's group and include Steve Kean?
Many thanks. |
David,
Yes, I got some cash for you.
Please, give me a call Tuesday.
Vince
"Walkup, David C (HOUSTONAS AS 582)" <dwalkup@pclient.ml.com> on 12/04/2000
08:32:44 AM
To: "'Vincent Kaminski'" <vkamins@enron.com>
cc:
Subject: Options
Good morning, Vince.
Just touching base with you. Are you ready to deposit some money and start
looking at some equity investments? EM me or call and we can get together.
David C. Walkup
Sr. Financial Consultant
713-658-1685
800-456-9712
____________________________________________________________
CAUTION: Electronic mail sent through the Internet is not secure and could
be intercepted by a third party. For your protection, avoid sending
identifying information, such as account, Social Security or card numbers to
us or others. Further, do not send time-sensitive, action-oriented
messages, such as transaction orders, fund transfer instructions, or check
stop payments, as it is our policy not to accept such items electronicall |
We have conference room 6716 from 3:00 to 4:00 each day for OPS. I have not inspected the room to see if it will accommodate our entire group.
Thanks,
Mike |
Attached is a 1Q 2001 Market Commentary from the PaineWebber Tactical
Allocation Fund.
Hank Emery
Financial Advisor
Emery Financial Group
UBS PaineWebber Incorporated
Houston, Texas
713-957-7060
Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions. Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.
- Market Commentary _1Q01.pdf |
I'd like to propose a conference call to discuss our response to multiple
FERC cases detailed below.
Section 206 Proceeding and SDG&E Complaint Case
As you know, last week the FERC established a Section 206 proceeding to
examine the justness and reasonableness of the rates of power sellers
(including EPMI) in the California markets. The Commission consolidated this
proceeding with its case involving the SDG&E's complaint against the power
marketers (including EPMI) in California. This type of proceeding differs
from the Staff's investigation of the wholesale market in several respects.
(1) It establishes a formal evidentiary process where all parties have an
opportunity to present evidence and arguments on the record before the
Commission. In Section 206 proceedings, the FERC usually establishes a
discovery and testimony schedule followed by a hearing before an
administrative law judge (ALJ). Such proceedings usually take a long time.
The Commission did not establish a schedule here, suggesting that it either
would decide the case via a paper hearing or prompt its staff to try to
settle the case. The Commission may wish to act by paper hearing to obviate
the slow procedural schedules that usually result from using an ALJ or, as is
often the case with California, the FERC may wish to avoid the political
backlash that might result from issuing a controversial order by letting
parties fight the case out at the bargaining table after the Staff does its
discovery and recommends an outcome to the parties.
(2) Although the Commission equivocated on whether it would use refund
authority, it established a refund date of sixty days from the date the order
is published in the federal register. This was apparently because
Commissioner Hebert wrote a concurrence indicating his opposition to
instituting a refund obligation that might predate the FERC's conclusion of
its investigation (because it would prohibit wholesale providers from knowing
what rates they will be able to recover).
Ron Carroll has now raised the question of whether we should request
rehearing of the FERC's order, challenging the Commission's authority to
impose a refund effective date on the basis that no defendant has requested a
refund.
Cal PX Price Cap Filing
As you also know, the California PX has filed to decrease its price cap to
$350.
Electricity Oversight Board Complaint
Yesterday, the Electricity Oversight Board's (EOB) filed a complaint with
FERC against "sellers" (including munis, federal power marketers and "sellers
located beyond the border of the United States" (in other words PowerEx)) and
scheduling coordinators that sell into the California wholesale market. It
urges FERC to find that the California wholesale market is not workably
competitive. It alleges that scheduling coordinators are particularly well
positioned to take advantage of "gaming" opportunities because they often bid
on behalf of more than one seller - undermining the benefits of divestiture.
It alleges that sellers and SCs can exercise market power under two
circumstances:
1. When all sellers and scheduling coordinators know with substantial
certainty that the ISO will be accepting all bids or
2. When a number of sellers and scheduling coordinators know that they
control enough capacity in relation to the system demand at that time and the
resulting margin of residual supply that they have a high likelihood of being
able to successfully set the price.
It claims that once demand reaches or exceeds approximately 33,000 MW,
sellers and/or scheduling coordinators have the ability, and do, exercise
market power and that a bid cap is necessary during these periods. It urges
FERC to take immediate steps to lower prices and ensure the bid caps (of $250
for energy and ancillary services and $100 for replacement reserves) remain
in effect pending FERC action. EOB is concerned that if the FERC doesn't
require continuation of price caps, the ISO could undo its price cap vote at
any time. It asks FERC to take any and all actions necessary to ensure that
California's wholesale rates are just and reasonable. Its asks to
consolidate its filing into the FERC's section 206 proceeding. Assuming the
FERC consolidates this cases, which I'm sure it will, this would create a
defendant for refund purposes so I think Ron's rehearing idea has been
overtaken by events.
However, we need to decide what entities should make what filings in
reference to the above. I recommend the following:
EPMI doesn't need to intervene in the Section 206 proceeding because the FERC
combined it with the SDG&E case so EPMI is already a party. I think we
should use Seabron to develop a detailed analysis of problems with the
California market and to draft responses to the data requests that we will
undoubtedly be receiving soon from FERC. This analysis should include the
points we presented to FERC but should also include all other important
problems with the California wholesale market.
We are parties of right in the Electricity Oversight Board's case because we
are respondents and as such we are required to file an answer under the
Commission's rules. I think we should agree that the FERC should consolidate
this case with the Section 206 case because they are obviously the same
case. We should oppose price caps in California and lay out the same
arguments we made in our presentation to FERC. We also need to refute the
contention that capping the PX price will encourage energy sales to move into
the forward market. We will also need to develop an analysis of how we can't
exercise market power under the circumstances alleged by the EOB. We should
use Seabron for this.
Although it would be convenient to work with EPSA in these dockets, I'm not
sure that will work since I bet the FERC will combine these cases and will be
seeking discovery individually from EPMI. On the other hand, we may wish to
use EPSA for any of the less popular messages that we may want to deliver
about the market in California.
Lysa - Please set up a conference call about this ASAP. |
---------------------- Forwarded by Andrea Ring/HOU/ECT on 03/29/2001 03:49
PM ---------------------------
From: Karen D McIlvoy 03/29/2001 01:12 PM
To: ragan.bond@bhlp.com
cc: (bcc: Andrea Ring/HOU/ECT)
Subject: Fwd: THIS WILL BRIGHTEN YOUR DAY!!!
Subject: Have Faith In Our Future Generation!!
> > >
> > >
> > >> Author and lecturer Leo Buscaglia once talked about a contest he was
asked to judge. The purpose of the contest was to find the most caring child.
> > >> The winner was a four year old child whose next door neighbor was an
elderly gentleman who had recently lost his wife. Upon seeing the man cry,
the little boy went into the old gentleman's yard, climbed onto his lap, and
just sat there. When his mother asked him what he had said to the neighbor,
the little boy said, "Nothing, I just helped him cry."
> > >>
> > >>
> > >> Teacher Debbie Moon's first graders were discussing a picture of a
family.
> > >> One little boy in the picture had a different color hair than the
other family members. One child suggested that he was adopted and a little
girl said, "I know all about adoptions because I was adopted."; "What does it
mean to be adopted?" asked another child. "It means," said the girl, "that
you grew in your mommy's heart instead of her tummy."
> > >>
> > >>
> > >> A four year old was at the pediatrician for a check up. As the doctor
looked down her ears with an otoscope, he asked, "Do you think I'll find Big
Bird in here?" The little girl stayed silent. Next, the doctor took a tongue
depressor and looked down her throat. He asked, "Do you think I'll find the
Cookie Monster down there?" Again, the little girl was silent.
> > >> Then the doctor put a stethoscope to her chest. As he listened to her
heart beat, he asked, "Do you think I'll hear barney in there?"; "Oh, no!"
the little girl replied. "Jesus is in my heart.; Barney's on my underpants."
> > >>
> > >>
> > >> As I was driving home from work one day, I stopped to watch a local
Little League baseball game that was being played in a park near my home. As
I sat down behind the bench on the first-base line, I asked one of the boys
what the score was.; "We're behind 14 to nothing," he answered with a smile.;
"Really," I said. "I have to say you don't look very discouraged."
"Discouraged?" the boy asked with a puzzled look on his face. "Why should we
be discouraged? We haven't been up to bat yet."
> > >>
> > >>
> > >> Whenever I'm disappointed with my spot in life, I stop and think about
little Jamie Scott.; Jamie was trying out for a part in a school play.
His mother told me that he'd set his heart on being in it, though she feared
he would not be chosen. On the day the parts were awarded, I went with her to
collect him after school. Jamie rushed up to her, eyes shining with pride and
excitement. "Guess what Mom," he shouted, and then said those
words that will remain a lesson to me: "I've been chosen to clap and cheer."
> > >>
> > >>
> > >> A lesson in "heart" is my little 10 year old daughter, Sarah, who was
born with a muscle missing in her foot and wears a brace all the time. She
came home one beautiful spring day to tell me she had competed in "field day"
- that's where they have lots of races and other competitive events. Because
of her leg support, my mind raced as I tried to think of encouragement
for my Sarah, things I could say to her about not letting this get her down,
but before I could get a word out, she said "Daddy, I won two of the races!"
I couldn't believe it!; And then Sarah said, "I had an advantage.
"Ah. I knew it. I thought she must have been given a head
start...some kind of physical advantage. But again, before I could say
anything, she said, "Daddy, I didn't get a head start... My advantage; was I
had to try harder!"
> > >>
> > >>
> > >> An Eye Witness Account from New York City, on a cold day in December:A
little boy about 10 years old was standing before a shoe store on the
roadway, barefooted, peering through the window, and shivering with cold.
> > >> A lady approached the boy and said, "My little fellow, why are you
looking so earnestly in that window?" "I was asking God to give me a pair of
shoes," was the boy's reply. The lady took him by the hand and went into the
store and asked the clerk to get half a dozen pairs of socks for the boy. She
then asked if he could give her a basin of water and a towel. He quickly
brought them to her. She took the little fellow to the back part of the store
and, removing her gloves, knelt down, washed his little feet,
and dried them with a towel.; By this time the clerk had returned
with the socks. Placing a pair upon the boy's feet, she purchased him a pair
of shoes. She tied up the remaining pairs of socks and gave them to him. She
patted him on the head and said, "No doubt, my little fellow, you feel
more comfortable now?"; As she turned to go, the astonished lad caught her
by the hand, and looking up in her face, with tears in his eyes, answered the
question with these words:; "Are you God's Wife?" |
Attached are my accomplishments for the first half of 2000. I should have
had these for you on Tuesday for your PRC. Hopefully, better late than
never. I am not certain how the coporate-wide PRC process will work in late
July for VP's. I have provided a copy of this to Dave Delainey for the ENA
PRC which will take place on July 7. I thought that I would provide you a
copy as well.
I will also have Patti deliver a hard copy to Sharron next week. |
SZ really grows on you, doesn't he? Just like Carlos.
Neil leaves tomorrow. He was out ONE night last week. I am encouraging him
to get a hunting lease. He thinks I'm very supportive.
From: Kathleen Carnahan 10/25/2000 05:07 PM
To: Kay Mann/Corp/Enron@Enron
cc:
Subject: Re: Carlos
Yes, Norman is out of town. Isn't Neal out of town too? I'm sorry about the
strep throat. I sure hope it doesn't get you like it did last year (that was
awful)! I still haven't done anything with the Confidentiality doc. for
Peoples. Maybe I can work on it tomorrow and get with you next week.
One funny note, I was looking for a document on Stuart's directory and found
a file called "Jeffrey Kennan is getting on my nerves.doc". It was an
Easement Agreement. When I found that, I almost fell out of my chair
laughing!
Take care of you and your little man!
K-
Kay Mann
10/25/2000 04:55 PM
To: Kathleen Carnahan/NA/Enron@Enron
cc:
Subject: Re: Carlos
Poor Carlos. He is almost pitiful. I think it is a great idea to watch for
a good networking opportunity.
I'm off on Friday, too. In fact, both Michael and I have strep throat and
spent the day at home. I'll probably be in no more than 1/2 day tomorrow.
Is Norman still out of town? Will you have the house ALL to yourself?
Kay
From: Kathleen Carnahan 10/25/2000 04:53 PM
To: Kay Mann/Corp/Enron@Enron
cc:
Subject: Carlos
Hi Kay,
I just talked to Carlos. They had their meeting today with the EES group,
and what can I say? Since Carlos told me that you are his exclusive head
hunter, can I be the mingling coordinator? Don't you think it might be nice
to have Carlos meet Stuart and some of the group, like for lunch or
something? He is feeling sooooo lost.
By the way, I think I am taking Friday off, okay?
Kathleen |
As a matter of fact, mark your damn calender......March 8-11....I'm in town
and will hopefully be attending the Big Championship game Sat.. night,
otherwise just partying. Again, you name the time and place, and whoever
else might be interested in "getting it done". How's the residency going?
Enron kicks ass, but I feel like it's going to take me forever to get where I
need to be, and you won't believe where that is, but more on that later. Go
Syracuse. |
Rick --
Belden is in Houston next Wednesday and a number of the Western team is going to visit with him about current status and issues. Also, he wants to get more info on the PJM model.
Congress has re-scheduled the hearing on Reliability for the same time. Can you attend the Belden meeting in Houston (Presto is coming for the PJM model discussion)?
Jim |
Friday, January 12 at 10:00 am Houston time: Jeff Skilling, our president
and COO -- and soon-to-be CEO -- will host the first eSpeak of the real new
millennium.
Can't make the live event? Not to worry. Post your questions now and Jeff
will address them during his session. Then, you can go to the eSpeak archive
later and read his answers in the transcript.
We want to know what you think about the ThinkBank! So far, ThinkBank has
had 2,000 visitors who have deposited over 75 ideas in the Idea Vault.
Do you have a success story about an idea posted in the Idea Vault? Tell us
about it. Maybe you've found some useful tips and techniques in Good Sense.
Let us know! Have you found some helpful information in one of the books
listed in Resources? We want to hear about it!
E-mail us at ethink@enron.com and tell us if you've made a connection based
on an idea, if you've used the advice in Good Sense, or if you've found some
good books or software in Resources. |