Sheridan,

I am going out to lunch with Rick Buy today and will
mention the valuation seminar. 
I shall ask Rick how many employees from his
group he would send to this program.

I have no suggestions regarding the program,
except that the last year selection of topics
was very interesting. You can include e-bus
and on-line trading as the topics for 2002.


My address is:

1400 Smith
Houston, TX 77002 - 7361
Room EB1962


Vince

 -----Original Message-----
From: 	Sheridan Titman <titman@mail.utexas.edu>@ENRON [mailto:IMCEANOTES-Sheridan+20Titman+20+3Ctitman+40mail+2Eutexas+2Eedu+3E+40ENRON@ENRON.com] 
Sent:	Thursday, August 09, 2001 6:25 PM
To:	Kaminski, Vince J
Cc:	vkaminski@aol.com; Kaminski, Vince J
Subject:	RE: Spring 2001 Energy Finance Conference Participation by   Jeffrey  K. Skilling

Vince:

Ehud and I will meet tomorrow to start sketching out the February
conference.  Let me know if you have any strong opinions of issues that you
think we should discuss.  Ehud will write a formal letter to Skilling
inviting him to the conference.

When we have the opportunity, I would like to have a discussion with you
about what the people at Enron think they understand and do not understand
about valuation.  Also, do you think it is an advantage that you are doing
business with relatively naive financial institutions or a disadvantage?

I'm thinking that it might make sense to run a one or two day executive
program on valuation which would include participants from energy companies
and financial institutions.  Let me know if you think you could get support
for this at Enron?

By the way, I still need a name and address to send my check back.  I think
Shirley can take care of it.

Thanks,

regards,

Sheridan

>Sheridan,
>
>I am aware of the duplicate check problem and I owe you phone call
>about this. I am still trying to mobilize internal support for the
>valuation
>study we discussed at San Antonio. Mark Ruane whom you met, moved on
>to a new job and his successor is a bit skeptical about the need for a
>study.
>Internal Enron  perception is that we understand the process of decision
>making
>inside big  financial institutions (or lack of it), especially in the
>energy area,
>regarding valuation of investment projects. Any study would just reveal
>what we
>already understand about quite simplistic tools they use: DCF with a
>discount
>rate being subject to negotiations within a very broad band of potential
>values.
>
>It will help if I get the agenda of the conference  soon to pass it on to
>Jeff Skilling. It would
>also help if you could write a formal letter to him.
>
>
>Vince
>
>
>    -----Original Message-----
>   From:   Sheridan Titman <titman@mail.utexas.edu>@ENRON
>
[mailto:IMCEANOTES-Sheridan+20Titman+20+3Ctitman+40mail+2Eutexas+2Eedu+3E+40
ENRON@ENRON.com]
>
>
>   Sent:   Thursday, August 02, 2001 3:49 PM
>   To:     Kaminski, Vince J
>   Subject:  RE: Spring 2001 Energy Finance Conference Participation by
>             Jeffrey  K. Skilling
>
>   Dear Vince:
>
>   That is great news that Jeffrey Skilling will be speaking at our
>   conference.  By getting Skillings involvement we should be able to
>   increase
>   the quality of the conference by at least a few notches.
>
>   By the way, Shirley may have mentioned to you that I somehow received
>   two
>   checks for the work I did last spring.  I went off to Hong Kong this
>   summer
>   and didn't follow up on this other than to mention it to Shirley before
>   I
>   left. (I just got back last Friday.) Shirley left me a phone message to
>   mail the check back to her.  If you can email Shirley's last name and
>   mailing address to me I'll send her the check.  Also, if you are
>   interested
>   in having me do some work on the valuation issues we discussed at the
>   Texas
>   Finance Festival please let me know.
>
>   One more thing:  The university that I'm affliliated with in Hong Kong
>   (HKUST) just hired a new president, Paul Chu, who is from Houston and
>   has
>   some sort of relationship with Ken Lay.  The Dean at the HKUST business
>   school mentioned that Paul Chu was meeting with Ken Lay this summer and
>   would discuss possible avenues of collaboration.  If you can think of
>   anything that you would be interested in let me know and I can discuss
>   it
>   with the Dean.
>
>   I hope you are having a great summer and look forward to seeing you when
>   you come to Austin this fall for our energy finance class and in
>   February
>   for the conference.
>
>   regards,
>
>   Sheridan
>   Sheridan Titman
>   Department of Finance
>   College of Business Administration
>   University of Texas
>   Austin, Texas 78712-1179
>
>   512-232-2787 (phone)
>   512-471-5073 (fax)
>
>   titman@mail.utexas.edu
>
>
>
>
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Thank you.
>**********************************************************************
>
Sheridan Titman
Department of Finance
College of Business Administration
University of Texas
Austin, Texas 78712-1179

512-232-2787 (phone)
512-471-5073 (fax)

titman@mail.utexas.edu