text
stringlengths 5.5k
6k
|
|---|
Advanced Technology and 10 Free Online Equity Trades+
Dear Kam, N. Keiser,
As an active trader, you know that having the tools you need to trade
is essential in today's market. So, when you
open an account withDatek <http://datek2.m0.net/m/s.asp?HB5213345969X1196008X90033X>, you'll have access to real-time market information, the ability
to customize your trading screen and direct access trading.
See how you can take advantage of what Datek has to offer:
? One Low Commission - just $9.99: Datek is the only online
broker that gives you one simple low commission for both
market and limit orders for any online equity trade up to
5,000 shares.
? FREE Streamer
3.0 Quote Service*. With Streamer Real-Time
Quotes you have access to customized quotes and charts that
show you the movements of any stock in real time.
? FREE Level II Quotes and Real-Time Charts**. Our Streamer
Level II Quotes provide a complete picture of the real-time
momentum of any Nasdaq stock, by showing you the top 15 bids
and offers from all ECN's and Market Centers.
? New: Customize your own Trading Site. What do YOU want to
see on screen? Datek offers three rapid entry windows that
let you enter orders faster, store your orders for the right
moment, and watch your account balance update in real time.
? FREE access to Datek DirectSM?. Control the routing of your
Nasdaq orders with direct access - without paying higher
commissions. And unlike other online brokers, Datek does not
charge you for ECN fees.
? FREE Real-Time Screener??. Find stock opportunities that fit
your investment strategy by matching criteria you input with
real-time performance information.
? Fast Trade Execution***. If your marketable online equity
order isn't executed within 60 seconds, Datek will waive
the commission.
If you act now, you can also capitalize on a limited-time offer
for 10 free online equity trades+. Just open an account <http://datek2.m0.net/m/s.asp?HB5213345969X1196008X90033X> by
depositing or transferring $500 or more before February 15, 2002.
Please be sure to include the offer code BAA when filling out
your application.
Take advantage of this limited time offer - and Datek's free tools for
active traders - by opening an account today.
Sincerely,
Ed Nicoll
Chairman and CEO
Datek Online Holdings Corp.
www.datek.com <http://datek2.m0.net/m/s.asp?HB5213345969X1196000X90033X>
P.S. Do you have questions about opening a Datek account? Please
contact Datek Customer Support at [email protected] <mailto:[email protected]> or call us at
1-800-U2-DATEK (1-800-823-2835) from 8 AM to midnight ET on weekdays,
and from 9 AM to 7 PM ET on weekends.
Our Privacy Policy <http://datek2.m0.net/m/s.asp?HB5213345969X1196002X90033X> | Legal & Disclosure Notice <http://datek2.m0.net/m/s.asp?HB5213345969X1196003X90033X> | Customer Agreement <http://datek2.m0.net/m/s.asp?HB5213345969X1196004X90033X>
+ Open and fund an account with a minimum initial deposit of $500
before 2/15/02 and get 10 commission-free online equity trades,
up to 5,000 shares for each trade per account. Free trade credits
will expire within one year of issue date if not used. Limit one
new account offer per type of account. Offer cannot be combined with
other offers.
* Real-time quote privileges differ for professional users. Datek
account holders must maintain a minimum account value of $500 to
receive this free service.
** Level II quotes on the Streamer
brand real-time quotation
service are available free for those who trade more than 20 times a
month and maintain a minimum account balance of $500 with Datek.
Nonprofessional users who trade 20 or fewer times per month can access
Level II quotes for $9.99 per month, while professional users can have
access for $50 per month.
*** Datek will not charge a commission ($9.99) for any marketable online
order that is not executed within 60 seconds, measured from the time
that "processing" began until the time the order is "executed". This
applies to all orders using Datek's "Auto Routing" for any NYSE, AMEX,
or NASD stock that are marketable after 9:45 A.M. ET, are marketable
upon entry and remain marketable for 60 seconds. The market in the
stock must not be locked, crossed or halted. We do not extend this
commitment to short sales, OTC Bulletin Board Stocks, Option Trades,
or any order that is "stopped" at a price improvement, or during
Extended-Hours trading sessions.
? Datek DirectSM is a tool, as the name implies, that allows
customers to direct their Nasdaq orders to a specific execution venue.
The name should not be deemed to imply that a customer is dealing
directly with the marketplace. All orders are processed through Datek
Online Financial Services LLC, a registered broker/dealer.
?? Click here to read Datek's 3rd Party Research Disclosure Notice <http://datek2.m0.net/m/s.asp?HB5213345969X1196001X90033X>
Streamer
is a registered trademark of Datek Online Holdings Corp.
High volumes of trading and volatility may result in executions at
prices significantly away from the price quoted or displayed at the
time of order entry.
You were e-mailed because you opted in to receive information that
spotlight special incentives that we hope will motivate you to
consider trying something new at Datek. If you would like to be
removed from our list, please go to:
<http://datek2.m0.net/m/s.asp?HB5213345969X1196005X90033Xkkeiser%40ect.enron.com>
System response and access times may vary due to market conditions,
system performance and other factors.
? 2002 Datek Online Financial Services LLC, Member NASD/SIPC
1267176 / CC-38 / #90033
<http://www.m0.net/m/logopen02.asp?vid=849&catid=5213345969&ecid=0> |
[IMAGE]
homeflightshotelscarspackagescruisesguidesmapsbusiness
[IMAGE]
Site Map
|
[IMAGE]
My Trips
|
[IMAGE]
My Profile
|
[IMAGE]
Customer Support
CONTENTS
[IMAGE]
Deals & News
[IMAGE]
Your Fares
[IMAGE]
Special Deals
Tell a Friend!
Free issue!
[IMAGE] Dear Mark,
Whether your summer plans include relaxing on the beach, winning big in
Vegas, or taking the kids to Disney World, our vacation packages will save
you time and money. See below for a few of our favorites, or click on the
"Packages" tab for more options. And don't miss our "Real Deals" page for
special discounted vacations. [IMAGE] Tell a Friend about Real Deals!
Three-night Las Vegas air/hotel package from $217 [IMAGE] Tell a Friend!
Air and three thrilling nights in Orlando as low as $281 [IMAGE] Tell a
Friend!
Acapulco from $815: Air and five nights at Las Brisas [IMAGE] Tell a Friend!
[IMAGE]
DEALS & NEWS
[IMAGE]
Every week, we bring you the latest fare sales and travel updates so you can
make exactly the right travel choices.
Four-star hotels ON SALE in San Francisco and NYC
Planning a weekend getaway to the Bay Area or the Big Apple? We've got
special low summer rates at some of the best hotels in both places, until
September 2!
Tell a Friend about our Bay Area hotel sale!
Tell a Friend about our New York hotel sale!
Planning your summer vacation? Here's help:
Whether you prefer natural or man-made wonders, our summer in the great
outdoors and summer family fun pages deliver the details for a sunny, fun
summer break.
Tell a Friend about "summer in the great outdoors"!
Tell a Friend about "summer family fun"!
[IMAGE]
www.expedia.com
[IMAGE]
FARE TRACKER SUMMARY
[IMAGE]
Your Fare Tracker Report
The airlines' lowest published fares, plus the
range of fares found by Expedia.com travelers.
Houston, TX (IAH-Bush Intercontinental)
to Cincinnati, OH (CVG-Cincinnati N. Ky.)
[IMAGE]$302 (plus tax): Lowest published fare
[IMAGE](Limited availability; learn more)
[IMAGE]$300 to $1343 (including tax): Fares found by Expedia shoppers.
[IMAGE]Check hotel rates in this destination. [IMAGE]
Houston, TX (IAH-Bush Intercontinental)
to Fort Lauderdale, FL (FLL)
[IMAGE]$208 (plus tax): Lowest published fare
[IMAGE](Limited availability; learn more)
[IMAGE]$210 to $1299 (including tax): Fares found by Expedia shoppers.
[IMAGE]Check hotel rates in this destination.
Houston, TX (IAH-Bush Intercontinental)
to New York, NY (LGA-LaGuardia)
[IMAGE]$208 (plus tax): Lowest published fare
[IMAGE](Limited availability; learn more)
[IMAGE]$148 to $2045 (including tax): Fares found by Expedia shoppers.
[IMAGE]Check hotel rates in this destination.
Need more information?
[IMAGE]What does Airlines' Lowest Published Fare mean?
[IMAGE]Want to change your Fare Tracker routes?
[IMAGE]Check out all your route and fare options with our Flight Wizard.
[IMAGE]Visit Airline Fare List to check out the airlines' published fares on
any route.
[IMAGE]
[IMAGE]
www.expedia.com
[IMAGE]
SPECIAL DEALS
[IMAGE]
Best Deals
The best offers and promotions at Expedia.com, handpicked to bring you
exciting opportunities and excellent value.
Expedia Special Rate: Three Las Vegas hotels starting at just $39
Summer sizzles in Vegas -- especially at these low prices. [IMAGE] Tell a
Friend!
Expedia Vacation Packages: Five nights in Honolulu from $784
FREE fifth night, FREE admission to the Pearl Harbor memorial. [IMAGE] Tell a
Friend!
Expedia Vacation Packages: Three nights in Boston from $465
Spend long summer days exploring this beautiful, historic city. [IMAGE] Tell
a Friend!
Expedia Cruises: Three-day Bahamas cruise (to/from Miami) from $309
Relax in luxury on your way to beautiful Nassau and Cococay. [IMAGE] Tell a
Friend!
[IMAGE]
[IMAGE]
Thank you for traveling with Expedia.com.
Expedia.com Travel Team
Don't just travel. Travel Right.TM
http://expedia.com/
[IMAGE]
FROM OUR SPONSORS:
Oklahoma, Native America -- A great getaway state!
Home to year-round activities and adventure -- lakes perfect for sailing and
skiing; mountains made for climbing, biking and rappelling; golf courses by
the hundred; plus shopping, sightseeing, lively nightlife and more.
[IMAGE][IMAGE]
[IMAGE]
The airlines' lowest published fares are the lowest roundtrip fares published
by the airlines for your routes. These fares may not be available on the days
you wish to travel. Our Fare Calendar shows you when these fares are
available.
The range of recent fare prices found by Expedia.com customers--the lowest
and highest fares found for your routes--can help you determine the ideal
price for your route.
All prices are quoted in US Dollars.
About this mailing: You are receiving this e-mail because you are a
registered member of Expedia.com.
Questions? Visit the Expedia.com Customer Support Center.
If you do not wish to receive any further Fare Tracker e-mails from us,
please reply to this mail with "unsubscribe" in the subject line.
If you'd like to give us feedback, please click here.
,2001 Expedia, Inc. All rights reserved. |
----- Forwarded by Gerald Nemec/HOU/ECT on 05/18/2001 01:58 PM -----
"Gillaspie, Eric" <[email protected]>
05/18/2001 01:51 PM
To: "'jonathan gillaspie'" <[email protected]>
cc: "'[email protected]'" <[email protected]>, "Jennifer Gillaspie
(E-mail)" <[email protected]>, "Jeff Gillaspie (E-mail)"
<[email protected]>, "Sandra Gillaspie (E-mail)"
<[email protected]>, "Rodger Gilllaspie (E-mail)"
<[email protected]>, "Gerald Nemec (E-mail)"
<[email protected]>
Subject: RE: new e-mail addy
Brudda,
I spoke with Jenn about accommodations in Beijing as well as Shanghai and
she said her dad is also getting some info from a local Chinese travel
agent. How about dropping Dan a line and working with him to recommend &
book everyone's hotel. His e-mail address is: [email protected]
I believe part of the group is looking to Jon and the other part is looking
to Dan to make their accommodations for them. I hereby anoint the two of you
to make the lodging decisions for everyone else, as we are drooling cows
with no direction or relevant info. Therefore, the two of you need to get
together and decide on a hotel (for Shanghai & Beijing), so we can all be
together and don't have to coordinate getting together everyday in freakin'
China (i.e. nightmare). Jon maybe send an e-mail to Dan suggesting a few
hotels/price/level of accommodations/etc./your recommendation/ and then you
two make the call and book it for us.
I think the "core" group we should worry about getting
reservations/accommodations is as follows:
Shanghai: (arrival on the 5th, Jenn, Eric, Heather, Gayle, Dan, Gerald,
Barbara) 7 people-3 rooms for the night most likely (Jon you can crash in my
room)
Mom & Dad & aunt Jean and Kid arrive on the 6th (2 more room)
Jeff and Cathy arrive on the 7th (1 more room)
8th we all fly to Qing dao, hotel in Qing Dao is selected and booked
Beijing - Everyone listed above is traveling to Beijing as a group.
As far as getting rooms for the other people (Staters, Rassmussen's, etc),
that's your call, but we are operating without any real good info. I'd say
they are on their own as we don't know when they get in, what their plans
are, etc? If it's no big deal reserving rooms and not getting dinged if
noone shows up then maybe get a few extra rooms at certain places, I don't
know the Chinese hotel system, level of $$ exposure, hotel availability,
etc., its your call, I'd assume they can probably get a room no problem so
let's not try to coordinate more people than we have to, they can sleep on
my floor if they can't get a room in China....
This is what is called Wedding planning lotus bliss...
We are all looking forward to this...
-----Original Message-----
From: jonathan gillaspie [mailto:[email protected]]
Sent: Friday, May 18, 2001 4:20 AM
To: Gillaspie, Eric
Subject: RE: new e-mail addy
Eric,
Thanks for the info. Will book flight for June 8th and find suitable lodging
in Shanghai. Do you want me to line up lodging in Beijing for you and the
rest of the entourage?
Let me know, and I'll finish this madness while I'm in Qingdao this weekend
with our friendly travel agent chum, Zang Bao Guo. Take care.
Chazow,
Jonny Luv
>From: "Gillaspie, Eric" <[email protected]>
>To: "'jonathan gillaspie'" <[email protected]>
>CC: "Jeff Gillaspie (E-mail)" <[email protected]>
>Subject: RE: new e-mail addy
>Date: Wed, 16 May 2001 10:29:27 -0500
>
>Arrive in Shanghai on the 5th:
>Gerald Nemec
>Barbara Waldrop
>Gayle Junk
>Dan Junk
>Heather Junk
>Jennifer Gillaspie
>Eric Gillaspie
>
>Arrive in Shanghai on the 7th:
>Jeff Gillaspie
>Cathleen Clarke
>
>
>I presume we'll all fly out to Qingdao together on the 8th in the morning.
>We do need help getting hotels in Shanghai, maybe something around the
>touristy areas, or whatever you suggest.
>
>-----Original Message-----
>From: jonathan gillaspie [mailto:[email protected]]
>Sent: Tuesday, May 15, 2001 8:09 PM
>To: Gillaspie, Eric
>Subject: Re: new e-mail addy
>
>
>Dear Eric,
>
>Congrats on the new job. I've been e-mailing/harassing you for over one
>week
>
>now trying to get some much needed info out of you concerning the upcoming
>trip. I was beginning to get a little freaked-out: like you'd been
>kidnapped
>
>or something. Unfortunately, my information requests coincided with your
>job
>
>change and you probably never even got the messages. Fuckin great, man.
>
>Anyway- as you may well discern: I'M IN SUPER FREAK-OUT MODE. Please assist
>me in obtaining the correct spellings of everyone's names in your
>entourage.
>
>I'm trying to book flight tix for everybody from Shanghai>Qingdao. For
>example, I don't even know Gerald and Barbara's surnames. I would also like
>you to confirm the spellings of the Junk family's names.
>
>Two more things. Do you want help finding lodging in Shanghai? Do want me
>to
>
>go ahead and book hotel rooms in Beijing for your entourage post-wedding?
>Let me know what you want me to do.
>
>Looking forward to your repsonse. Hope the new job is a good fit for you.
>Sorry to dump my load of stress on you. Take care.
>
>Love,
>
>Jon Gillaspie
>
>
> >From: "Gillaspie, Eric" <[email protected]>
> >To: "'[email protected]'"
> ><[email protected]>, "'[email protected]'"
> ><[email protected]>, "'[email protected]'"
> ><[email protected]>, "'[email protected]'"
> ><[email protected]>
> >Subject: new e-mail addy
> >Date: Tue, 15 May 2001 15:02:08 -0500
> >
> >FYI, my work e-mail addy has changed, as I have changed jobs.
>
>_________________________________________________________________________
>Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com. |
------------------------------------------------------------------------------
------------------------
W E E K E N D S Y S T E M S A V A I L A B I L I T Y
F O R
May 11, 2001 5:00pm through May 14, 2001 12:00am
------------------------------------------------------------------------------
------------------------
SCHEDULED SYSTEM OUTAGES:
ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
AZURIX: No Scheduled Outages.
EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
EDI SERVER: No Scheduled Outages.
ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages
ENRON NORTH AMERICAN LANS:
Impact: EES
Time: Sat 5/12/2001 at 1:00:00 PM CT thru Sat 5/12/2001 at 5:00:00 PM CT
Sat 5/12/2001 at 11:00:00 AM PT thru Sat 5/12/2001 at 3:00:00 PM PT
Sat 5/12/2001 at 7:00:00 PM London thru Sat 5/12/2001 at 11:00:00 PM London
Outage: Move vlans for EES in Enron Building
Environments Impacted: EES in Enron Building
Purpose: Provide more capacity to the network
Backout: paste in old configs
Contact(s): Gail Kettenbrink 713-853-4524
Michael Huang 713-345-3201
FIELD SERVICES: No Scheduled Outages.
INTERNET: No Scheduled Outages.
MESSAGING: No Scheduled Outages.
MARKET DATA: No Scheduled Outages.
NT: No Scheduled Outages.
OS/2: No Scheduled Outages.
OTHER SYSTEMS:
Impact: Corp, OTS, ETS
DATE: MAY 15, 2001/2/2001 at 5:30:00 PM
Outage: Migrate DSS Server to GTHOU-APPSQ03P
Environments Impacted: DSS users will not be able to access the old server
(ENEDS01_ADAPT)after this date
Purpose: The existing server is outdated, migrating to SQL 2000 provides
increased
functionality and conforms to database platform requirements.
Backout:
Contact(s): Mary Vollmer 713-853-3381
Joe Hellsten 713-853-7346 713-545-4164
Impact: CORP
Time: Fri 5/11/2001 at 8:00:00 PM CT thru Sat 5/12/2001 at 10:00:00 PM CT
Fri 5/11/2001 at 6:00:00 PM PT thru Sat 5/12/2001 at 8:00:00 PM PT
Sat 5/12/2001 at 2:00:00 AM London thru Sun 5/13/2001 at 4:00:00 AM London
Outage: CPU replacement on server sennacca.
Environments Impacted: RMS
Purpose: Replace faulty CPU that is offline.
Backout: Restore server to old configuration.
Contact(s): Malcolm Wells 713-345-3716
Impact: CORP
Time: Fri 5/11/2001 at 5:00:00 PM CT thru Fri 5/11/2001 at 5:15:00 PM CT
Fri 5/11/2001 at 3:00:00 PM PT thru Fri 5/11/2001 at 3:15:00 PM PT
Fri 5/11/2001 at 11:00:00 PM London thru Fri 5/11/2001 at 11:15:00 PM
London
Outage: Decommission of the following servers: intra, intra-dev, conman1,
aserv1, ardent, dbadmin
Environments Impacted: Corp
Purpose: Server no longer used. The servers will be decommissioned or
redeployed where necessary.
Backout:
Contact(s): Malcolm Wells 713-345-3716
Impact: CORP
Time: Sat 5/12/2001 at 2:00:00 AM CT thru Sun 5/13/2001 at 5:00:00 PM CT
Sat 5/12/2001 at 12:00:00 AM PT thru Sun 5/13/2001 at 3:00:00 PM PT
Sat 5/12/2001 at 8:00:00 AM London thru Sun 5/13/2001 at 11:00:00 PM London
Outage: Resource and OS upgrade to server fracture.
Environments Impacted: Global company RMS ECM
Purpose: An OS upgrade is needed to provide the disk upgrade solution.
Additionanl memory is needed as well.
Backout: Attach the old disk solution and reboot to old configuration.
Contact(s): Malcolm Wells 713-345-3716
Impact: ENA
Time: Sat 5/12/2001 at 10:00:00 PM CT thru Sat 5/12/2001 at 10:15:00 PM CT
Sat 5/12/2001 at 8:00:00 PM PT thru Sat 5/12/2001 at 8:15:00 PM PT
Sun 5/13/2001 at 4:00:00 AM London thru Sun 5/13/2001 at 4:15:00 AM London
Outage: Bounce PWRPROD1 database
Environments Impacted: Enpower User
Purpose: Change some configuration to improve database performance
Backout: Use the old parameter file.
Contact(s): Tantra Invedy 713 853 4304
SITARA: No Scheduled Outages.
SUN/OSS SYSTEM: No Scheduled Outages.
TELEPHONY:
Impact:
Time: Sat 5/12/2001 at 10:00:00 PM CT thru Sun 5/13/2001 at 1:00:00 AM CT
Sat 5/12/2001 at 8:00:00 PM PT thru Sat 5/12/2001 at 11:00:00 PM PT
Sun 5/13/2001 at 4:00:00 AM London thru Sun 5/13/2001 at 7:00:00 AM London
Outage: Quarterly Maintenance - Telephone System
Environments Impacted: All
Purpose: Quarterly maintenance. While voicemail nodes are being serviced (one
box at a time), a slight disruption will be experienced.
Messages will continue to be stored but will not be delivered until each node
of voicemail is back up and operational.
CMS call center management reporting will not be availalble during this
time.
Backout:
Contact(s): Cynthia Siniard 713-853-0558
TERMINAL SERVER: No Scheduled Outages.
UNIFY:
Impact: CORP
Time: Fri 5/11/2001 at 6:00:00 PM CT thru Fri 5/11/2001 at 7:00:00 PM CT
Fri 5/11/2001 at 4:00:00 PM PT thru Fri 5/11/2001 at 5:00:00 PM PT
Sat 5/12/2001 at 12:00:00 AM London thru Sat 5/12/2001 at 1:00:00 AM London
Outage: Memory replacement for server electron.
Environments Impacted: Unify Users
Purpose: Replace faulty memory module.
Backout: Get new memory if necessary
Restart server with out memory as last resort
Contact(s): Malcolm Wells 713-345-3716
------------------------------------------------------------------------------
-----------------------------------------------
FOR ASSISTANCE
(713) 853-1411 Enron Resolution Center
Specific Help:
Information Risk Management (713) 853-5536
SAP/ISC
(713) 345-4727
Unify On-Call (713) 284-3757 [Pager]
Sitara On-Call (713) 288-0101 [Pager]
RUS/GOPS/GeoTools/APRS (713) 639-9726 [Pager]
OSS/UA4/TARP (713) 285-3165 [Pager]
CPR (713) 284-4175 [Pager]
EDI Support (713) 327-3893 [Pager]
EES Help Desk (713)853-9797 OR (888)853-9797 |
Thanks for your comments on the standards. Our approach in creating a global
exception reporting mechanism is to start simply and build from there. Our
initial cut is to have effective exception reporting on a handful of critical
standards by the end of this year. That will be a first, to on a daily basis
have a view into the exceptions outside the global standards. Many of the
measurements that you mention are great management tools for accessing the
level of excellence of the services that we are delivering and the competence
of those that are managing these services. Some of these may be more
appropriately contained in a monthly operations report that I have instituted
within ENA and which we are working to proliferate across all of the
wholesale merchant services companies. Give me a call and we can set a time
to get together for a few minutes and I can review this operating report with
you.
We spent some time at our offsite in late October with all operations
controllers reviewing and discussing these standards. Shona has taken a stab
at the format of these exception reports. It is likely that we will have a
rep from each of the operating companies participate in the final design of
these reports, so that all feel as if they own the intended output from these
reports.
Yes, we are gleaning this information from those that are responsible for
these activities. My purpose is not to use this info to punish or prosecute,
but instead to use this exception report as a tool to garner resources as
needed to clear the exceptions. It is invariably the deals that are
exceptions in some way that create the problems. For instance, small power
deals that were done in Calgary before they had a power book set up. These
were "on the side" and not captured in total power exposure because they
didn't have a book to put them in (a discovery during the doorstep review).
If this goes on the exception report, then we can highjack someone in risk in
Houston to help Calgary set up a new book, or get IT resources focused
quickly on any solution that may require their input to fix. By having a
prescribed elevation of these exceptions, we should get the appropriate
attention to correct them. The spur for making sure that all exceptions are
appropriately noted, will be that if there is a problem with any deal that
was an exception (not in the books, no confirm, etc.) and was not included on
the exception report, that this will be grounds for termination for the
appropriate operations controller. I will make sure that as we start this
reporting process that this is well understood. The other impetus will be
that during doorstep reviews the operational activities will be gauged
against these standards. The AA internal audits should also access adherence
to these.
From: David Port @ ENRON
11/10/2000 01:46 PM
To: Shona Wilson/NA/Enron@Enron
cc: Sally Beck/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT
Subject: Fundamental Operating Standards
This is the first time I have seen these - have they been rolled out ?
I would be interested to see the format of the exception reporting that
attaches to these standards that you mentioned - did you have anything
particular in mind ?
I had a few of my own ideas for some diagnostic measures of the extent to
which these standards are being adhered to - see what you think:
Transactions are recorded accurately and timely (completeness, accuracy)
Daily report of "holdovers" by commodity group (trades not booked in time for
daily cut - off, including counterparty, volume, price etc)
Report of P&L effect of booking errors as they transpire, including
responsibility
Daily Management P&L and Position reporting is accurate and timely
(completeness, accuracy)
Periodic qualitative review by RAC (i.e. Is it sufficient by reference to the
Risk Management Policy - does it show delta gamma vega as a term structure
etc....)
NB: the point about "Reports issued on next day of trading at a commercially
pre-determined time" conflicts with the Risk Managemet Policy, which says
"...before any subsequent trading ocurrs". I think the diagnostic measure
should be, for each commodity DPR a report daily of all those signed off as
final (note I do not neccessarily mean "officialized") after the relevant
market opening time (usuaully 7.30 am)
Timely confirmation and execution of transactions (completeness, accuracy,
existence)
Monthly report of all unmatched confirmations:
- outstanding inward confirmations (i.e. sent out, not signed)
- outstanding outward confirmations (i.e deal done, confirm not sent)
- outstanding mismatched or disputed confirmations
showing deal trade date, start date, commodity, counterparty, MTM value, aged
Settlements with counterparties occurs accurately and timely (non CACS, non
Dashed deals)
Monthly report of cumulative amounts of all unmatched or unapplied cash:
Unapplied cash by counterparty, in original denomination, including deal
reference if any
Unmatched amounts by deal, where settled amount differs from maturing forward
MTM value
One additional thing that ocurred to me was the fact that those responsible
for supplying the information are also those responsible for the operation
underlying it in some sense, so the obvious pitfalls of self - assessment
will come into play here. Perhaps the "pilot" report should be put together
somehow independently.
Views ?
DP |
----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:22 PM -----
James D Steffes
02/26/2001 08:52 AM
To: Alan Comnes/PDX/ECT@ECT, Chris H Foster/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Cynthia
Sandherr/Corp/Enron@ENRON, Dan Leff/HOU/EES@EES, David W
Delainey/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES,
Elizabeth Sager/HOU/ECT@ECT, Elizabeth Tilney/HOU/EES@EES, Eric
Thode/Corp/Enron@ENRON, Gordon Savage/HOU/EES@EES, Greg Wolfe/HOU/ECT@ECT,
Harry Kingerski/NA/Enron@Enron, Jubran Whalan/HOU/EES@EES, Jeff
Dasovich/NA/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathryn
Corbally/Corp/Enron@ENRON, Keith Holst/HOU/ECT@ect, Kristin
Walsh/HOU/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Louise Kitchen/HOU/ECT@ECT, Marcia A
Linton/NA/Enron@Enron, Mary Schoen/NA/Enron@Enron, [email protected], Mark
Palmer/Corp/Enron@ENRON, Marty Sunde/HOU/EES@EES, Mary Hain/HOU/ECT@ECT,
Michael Tribolet/Corp/Enron@Enron, Mike D Smith/HOU/EES@EES, Mike
Grigsby/HOU/ECT@ECT, Neil Bresnan/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Rebecca W
Cantrell/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Rob Bradley/Corp/Enron@ENRON, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Frank/NA/Enron@Enron,
Robert Frank/NA/Enron@Enron, Robert Johnston/HOU/ECT@ECT, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandra
McCubbin/NA/Enron@Enron, Scott Stoness/HOU/EES@EES, Shelley
Corman/Enron@EnronXGate, Steve C Hall/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT,
Steven J Kean/NA/Enron@Enron, Susan J Mara/NA/Enron, Tim Belden/HOU/ECT@ECT,
Tom Briggs/NA/Enron@Enron, Travis McCullough/HOU/ECT@ECT, Vance
Meyer/NA/Enron@ENRON, Vicki Sharp/HOU/EES@EES, Wendy Conwell/NA/Enron@ENRON,
William S Bradford/HOU/ECT@ECT
cc:
Subject: CA Supply Realities
For those that have not seen this analysis, attached please find a note from
Mary Schoen detailing the serious physical shortage problems that may occur
this Summer in CA.
Jim
----- Forwarded by James D Steffes/NA/Enron on 02/26/2001 08:51 AM -----
Mary Schoen
02/22/2001 02:55 PM
To: Neil Bresnan/HOU/EES@EES, Alan Comnes/PDX/ECT@ECT, Jubran
Whalan/HOU/EES@EES, Kristin Walsh/HOU/ECT@ECT, Clayton Seigle/HOU/ECT@ECT,
Jeffrey Keeler/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Janel
Guerrero/Corp/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT
cc:
Subject: CA Supply Realities
Attached is a memo comparing the CEC's forecasted supply and a more realistic
look at what additional resources might be available this summer.
The bottom line is that:
1. The CEC significantly underestimates the outages that may occur this
summer. They estimate in their 5,000 MW supply deficit for the summer that
expected outages will be around 3,000MW. However, November and December saw
significantly higher outage levels. (7,265 MWs) The FERC has investigated
these outages and found no improprieties- just that the plants are overtaxed
from running at higher than normal capacities.
2. There are a lot of uncertainties surrounding the 1,244 MWs of projected
supply from rerating/restarting existing thermal and renewable projects. It
is very unclear how much of this will be able to come on line by this summer,
if at all. As evidenced by the e-mail I sent out this morning, local
communities may be very opposed to restarting shut down units. In addition,
these units are likely to be uneconomical.
3. In the existing resource pool, there are roughly 1,430 MWs of peaking or
other generation units that are running up against their operating hour
limitations from air quality regulations. The Governor has ordered the local
air quality districts to address these restrictions, We are beginning to
seem some movement; however, the US EPA has yet to weigh in on these relaxed
standards.
4. The distributed generation/back-up generation capacity to make up some of
the shortfall is still an unknown. While there has been some relaxing of the
limitations on run hours for back-up generation at "essential public
services" the increase in DG is expected from "clean" sources, not diesel
emergency generators.
5. The CEC is doing everything it can to get 50+ MW peaking units on-line by
this summer. They are promising a 21-day permit application approval process
and are offering to pay half of the cost of offsets, for "clean" sources of
generation in critical areas.
Please let me know if you have any questions or need additional information.
CEC's Summer Forecasted Peak Demand - Resource Balance:
List of Peakers running into their operating hour limitations:
Also available in hard copy format only:
(please e-mail me your fax number if you'd like a copy)
Table 1: Fully Executed CA ISO Summer Reliability Agreements (the ISO
Peaking Facilities)
Table 2: Summer 2001 Supply Options - Renewables Construction Status Summary
Table 3: Summer 2001 Supply Options - Rerate of Non-CEC Projects
Table 4: Summer 2001 Supply Options - CEC Rerate Status Summary
Table 5: Idle Biomass Plants Potentially Capable of Restart
Mary Schoen
Environmental Strategies
Enron Corp
713-345-7422 |
Two things:
1. I called Smutney last week re this press conference and declined. I said
that the idea is fine and we support it, but Enron does not want to
participate in a press conference with other generators on this topic.
2. I just talked to Rob Lamkin of Southern who indicated that ten companies
have gotten letters from Gov Davis addressed to "Dear CEO of Energy
Company." Letter was to invite these companies to attend a meeting on
Monday, December 1 in LA. Agenda and issues to follow, but Rob thought it
had to do with the Gov's plan for CA due 12/1. Meeting will not be with
Davis, but with his staff. Southern is deciding who to send. Reliant will
send John Stout and Curtis Keebler. Williams got a letter, but no info re
their rep. Rob was calling to see if we got a letter and, if we did, out
thoughts re meeting before the Gov's meeting to discuss. I said we could
have gotten a letter, but I did not know.
----- Forwarded by David Parquet/SF/ECT on 11/21/2000 04:38 PM -----
"Katie Kaplan" <[email protected]>
11/21/2000 04:07 PM
Please respond to kaplan
To: <[email protected]>, <[email protected]>, "'John Stout for
Reliant'" <[email protected]>, "'Curtis Keebler at Reliant'"
<[email protected]>, "'Julie @ Edson'" <[email protected]>,
"'Paula Hall-Collins'" <[email protected]>, "'Marty Wilson'"
<[email protected]>, "'Rob Lamkin'" <[email protected]>, "Karen
Edson" <[email protected]>, "Bob Weisenmiller" <[email protected]>, "Sue Mara"
<[email protected]>, "Andy Brown" <[email protected]>, "B Brown Andy"
<[email protected]>, "Bob Escalante" <[email protected]>, "Greg
Blue" <[email protected]>, "Jack Pigott" <[email protected]>, "Jan
Smutny-Jones" <[email protected]>, "Joe Ronan" <[email protected]>, "Karen
Denne" <[email protected]>, "Karen Edson" <[email protected]>, "Kassandra Gough"
<[email protected]>, "Kristin Vellandi" <[email protected]>, "Lynn
Lednicky" <[email protected]>, "McNally Ray" <[email protected]>,
"Paula Hall-Collins" <[email protected]>, "Richard Hyde"
<[email protected]>, "Rob L. Lamkin" <[email protected]>,
"Stephanie-Newell" <[email protected]>, "Tom Ross"
<[email protected]>, "William Hall" <[email protected]>, "Trond
Aschehoug" <[email protected]>, "Tony Wetzel"
<[email protected]>, "Susan J Mara" <[email protected]>, "Steve
Ponder" <[email protected]>, "Steve Iliff" <[email protected]>,
"Scott Noll" <[email protected]>, "Roger Pelote"
<[email protected]>, "Rob Lamkin" <[email protected]>, "Randy
Hickok" <[email protected]>, "Paula Soos"
<[email protected]>, "Marty McFadden"
<[email protected]>, "Lynn Lednicky" <[email protected]>, "Kent
Fickett" <[email protected]>, "Ken Hoffman" <[email protected]>,
"Jonathan Weisgall" <[email protected]>, "Joe Ronan" <[email protected]>, "Joe
Greco" <[email protected]>, "Jim Willey" <[email protected]>, "Jeff
Dasovich" <[email protected]>, "Jack Pigott" <[email protected]>, "Hap Boyd"
<[email protected]>, "Greg Blue" <[email protected]>, "Frank DeRosa"
<[email protected]>, "Eileen Koch" <[email protected]>, "Ed Tomeo"
<[email protected]>, "Duane Nelsen" <[email protected]>, "Dean
Gosselin" <[email protected]>, "Dave Parquet" <[email protected]>,
"Curtis Kebler" <[email protected]>, "Curt Hatton"
<[email protected]>, "Cody Carter" <[email protected]>, "Carolyn
Baker" <[email protected]>, "Bob Escalante"
<[email protected]>, "Bill Woods" <[email protected]>, "Bill
Carlson" <[email protected]>, "Eric Eisenman" <[email protected]>
cc: "Jan Smutny-Jones" <[email protected]>, "Steven Kelly" <[email protected]>,
"Susan McCabe" <[email protected]>, "Scott Govenar"
<[email protected]>, "Ron Tom" <[email protected]>, "Robert Ross"
<[email protected]>, "Phil Isenberg" <[email protected]>, "Mike Monagan"
<[email protected]>, "Maureen OHaren" <[email protected]>, "Marie Moretti"
<[email protected]>, "Kassandra Gough" <[email protected]>, "Hedy
Govenar" <[email protected]>, "Delany Hunter" <[email protected]>,
"Bev Hansen" <[email protected]>, "Anne Kelly" <[email protected]>, "Jenn
Paulsen" <[email protected]>, "Jamie Parker" <[email protected]>
Subject: Press Conference
Greetings:
IEP will be holding a press conference on Tuesday November 28 at 10:30 a.m.
in the Governors Press room to discuss the importance of long-term fixed
(that term is easier to understand than bilateral) contracts.
IEP will be stressing the importance of the contracts as part of the
solution for next summer. Several IEP members have offered (and have
continued to offer) long-term fixed contracts at terms under the current
retail rate freeze. We will indicate that the utilities have been hesitant
to enter into these contracts due to the uncertain nature of the CPUC. We
will point out that several different independent entities have agreed that
long-term contracts are one of the key solutions and that the PUC should act
immediately to set a benchmark and in so doing eliminate the reasonableness
review that is the main barrier for IOU's not entering into large long-term
fixed contracts.
IEP is also currently working to include other market participants in the
Press Conference.
We would like as many IEP participants as possible at the conference to show
that there are several companies who continue to be serious about long-term
fixed price contracts. We have already received a couple of responses and if
you are interested please let me know ASAP-no later than noon Wednesday- as
we are sending out an advisory on Monday.
Thank you for your attention to this matter.
Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499 |
------------------------------------------------------------------------------
------------------------
W E E K E N D S Y S T E M S A V A I L A B I L I T Y
F O R
May 11, 2001 5:00pm through May 14, 2001 12:00am
------------------------------------------------------------------------------
------------------------
SCHEDULED SYSTEM OUTAGES:
ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
AZURIX: No Scheduled Outages.
EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
EDI SERVER: No Scheduled Outages.
ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages
ENRON NORTH AMERICAN LANS:
Impact: EES
Time: Sat 5/12/2001 at 1:00:00 PM CT thru Sat 5/12/2001 at 5:00:00 PM CT
Sat 5/12/2001 at 11:00:00 AM PT thru Sat 5/12/2001 at 3:00:00 PM PT
Sat 5/12/2001 at 7:00:00 PM London thru Sat 5/12/2001 at 11:00:00 PM London
Outage: Move vlans for EES in Enron Building
Environments Impacted: EES in Enron Building
Purpose: Provide more capacity to the network
Backout: paste in old configs
Contact(s): Gail Kettenbrink 713-853-4524
Michael Huang 713-345-3201
FIELD SERVICES: No Scheduled Outages.
INTERNET: No Scheduled Outages.
MESSAGING: No Scheduled Outages.
MARKET DATA: No Scheduled Outages.
NT: No Scheduled Outages.
OS/2: No Scheduled Outages.
OTHER SYSTEMS:
Impact: Corp, OTS, ETS
DATE: MAY 15, 2001/2/2001 at 5:30:00 PM
Outage: Migrate DSS Server to GTHOU-APPSQ03P
Environments Impacted: DSS users will not be able to access the old server
(ENEDS01_ADAPT)after this date
Purpose: The existing server is outdated, migrating to SQL 2000 provides
increased
functionality and conforms to database platform requirements.
Backout:
Contact(s): Mary Vollmer 713-853-3381
Joe Hellsten 713-853-7346 713-545-4164
Impact: CORP
Time: Fri 5/11/2001 at 8:00:00 PM CT thru Sat 5/12/2001 at 10:00:00 PM CT
Fri 5/11/2001 at 6:00:00 PM PT thru Sat 5/12/2001 at 8:00:00 PM PT
Sat 5/12/2001 at 2:00:00 AM London thru Sun 5/13/2001 at 4:00:00 AM London
Outage: CPU replacement on server sennacca.
Environments Impacted: RMS
Purpose: Replace faulty CPU that is offline.
Backout: Restore server to old configuration.
Contact(s): Malcolm Wells 713-345-3716
Impact: CORP
Time: Fri 5/11/2001 at 5:00:00 PM CT thru Fri 5/11/2001 at 5:15:00 PM CT
Fri 5/11/2001 at 3:00:00 PM PT thru Fri 5/11/2001 at 3:15:00 PM PT
Fri 5/11/2001 at 11:00:00 PM London thru Fri 5/11/2001 at 11:15:00 PM
London
Outage: Decommission of the following servers: intra, intra-dev, conman1,
aserv1, ardent, dbadmin
Environments Impacted: Corp
Purpose: Server no longer used. The servers will be decommissioned or
redeployed where necessary.
Backout:
Contact(s): Malcolm Wells 713-345-3716
Impact: CORP
Time: Sat 5/12/2001 at 2:00:00 AM CT thru Sun 5/13/2001 at 5:00:00 PM CT
Sat 5/12/2001 at 12:00:00 AM PT thru Sun 5/13/2001 at 3:00:00 PM PT
Sat 5/12/2001 at 8:00:00 AM London thru Sun 5/13/2001 at 11:00:00 PM London
Outage: Resource and OS upgrade to server fracture.
Environments Impacted: Global company RMS ECM
Purpose: An OS upgrade is needed to provide the disk upgrade solution.
Additionanl memory is needed as well.
Backout: Attach the old disk solution and reboot to old configuration.
Contact(s): Malcolm Wells 713-345-3716
Impact: ENA
Time: Sat 5/12/2001 at 10:00:00 PM CT thru Sat 5/12/2001 at 10:15:00 PM CT
Sat 5/12/2001 at 8:00:00 PM PT thru Sat 5/12/2001 at 8:15:00 PM PT
Sun 5/13/2001 at 4:00:00 AM London thru Sun 5/13/2001 at 4:15:00 AM London
Outage: Bounce PWRPROD1 database
Environments Impacted: Enpower User
Purpose: Change some configuration to improve database performance
Backout: Use the old parameter file.
Contact(s): Tantra Invedy 713 853 4304
SITARA: No Scheduled Outages.
SUN/OSS SYSTEM: No Scheduled Outages.
TELEPHONY:
Impact:
Time: Sat 5/12/2001 at 10:00:00 PM CT thru Sun 5/13/2001 at 1:00:00 AM CT
Sat 5/12/2001 at 8:00:00 PM PT thru Sat 5/12/2001 at 11:00:00 PM PT
Sun 5/13/2001 at 4:00:00 AM London thru Sun 5/13/2001 at 7:00:00 AM London
Outage: Quarterly Maintenance - Telephone System
Environments Impacted: All
Purpose: Quarterly maintenance. While voicemail nodes are being serviced (one
box at a time), a slight disruption will be experienced.
Messages will continue to be stored but will not be delivered until each node
of voicemail is back up and operational.
CMS call center management reporting will not be availalble during this
time.
Backout:
Contact(s): Cynthia Siniard 713-853-0558
TERMINAL SERVER: No Scheduled Outages.
UNIFY:
Impact: CORP
Time: Fri 5/11/2001 at 6:00:00 PM CT thru Fri 5/11/2001 at 7:00:00 PM CT
Fri 5/11/2001 at 4:00:00 PM PT thru Fri 5/11/2001 at 5:00:00 PM PT
Sat 5/12/2001 at 12:00:00 AM London thru Sat 5/12/2001 at 1:00:00 AM London
Outage: Memory replacement for server electron.
Environments Impacted: Unify Users
Purpose: Replace faulty memory module.
Backout: Get new memory if necessary
Restart server with out memory as last resort
Contact(s): Malcolm Wells 713-345-3716
------------------------------------------------------------------------------
-----------------------------------------------
FOR ASSISTANCE
(713) 853-1411 Enron Resolution Center
Specific Help:
Information Risk Management (713) 853-5536
SAP/ISC
(713) 345-4727
Unify On-Call (713) 284-3757 [Pager]
Sitara On-Call (713) 288-0101 [Pager]
RUS/GOPS/GeoTools/APRS (713) 639-9726 [Pager]
OSS/UA4/TARP (713) 285-3165 [Pager]
CPR (713) 284-4175 [Pager]
EDI Support (713) 327-3893 [Pager]
EES Help Desk (713)853-9797 OR (888)853-9797 |
TODAY'S HEADLINES
The New York Times on the Web
Thursday, May 10, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com
QUOTE OF THE DAY
=========================
"We like living here. It's a beautiful place. The only thing
we don't like, you can't make any money to survive. My son
is getting straight A's. He's not going to be around here."
- FRED PRATT, of Morland, Kan.
Full Story:
http://www.nytimes.com/2001/05/10/national/10TOWN.html
NATIONAL
=========================
Bit by Bit, Tiny Morland, Kan., Fades Away
http://www.nytimes.com/2001/05/10/national/10TOWN.html
U. of Virginia Hit by Scandal Over Cheating
http://www.nytimes.com/2001/05/10/national/10CHEA.html
Smithsonian Is Promised $38 Million, With Strings
http://www.nytimes.com/2001/05/10/national/10SMIT.html
Western Governors Turn Focus to Need for More Power Lines
http://www.nytimes.com/2001/05/10/national/10GRID.html
/--------------------- ADVERTISEMENT ---------------------\
Unique Mother's Day Gift Idea!
Get her a Rio500 MP3 Player for $49* and each month she can
download any two audiobooks for only $12.95. Now she can
enjoy listening to her favorite books without using those
silly looking bifocals. Plus, she will be the "coolest" mom
or grandmom on the block. MP3 Player - they're not just for
music anymore.
http://www.audible.com/nyt/feboffer3
\---------------------------------------------------------/
POLITICS
=========================
In Show of Unity, House Republicans Pass Budget Bill
http://www.nytimes.com/2001/05/10/politics/10HOUS.html
Price of Gasoline May Pose Problem for White House
http://www.nytimes.com/2001/05/10/politics/10POLI.html
White House Asks Unions to Meet on Energy Policy
http://www.nytimes.com/2001/05/10/politics/10ENER.html
Bush Appeals for Peace on His Picks for the Bench
http://www.nytimes.com/2001/05/10/politics/10JUDG.html
INTERNATIONAL
=========================
Families of Chechnya's Disappeared Seek Answers
http://www.nytimes.com/2001/05/10/world/10CHEC.html
Mexico's Leader Is Finding the Democratic Road Bumpy
http://www.nytimes.com/2001/05/10/world/10FOX.html
Death Toll Thought to Top 100 in a Soccer Stampede in Ghana
http://www.nytimes.com/2001/05/10/world/10GHAN.html
2 Jewish Teenagers Are Beaten to Death in the West Bank
http://www.nytimes.com/2001/05/10/world/10ISRA.html
BUSINESS
=========================
Suits Accuse Drug Makers of Keeping Generics Off Market
http://www.nytimes.com/2001/05/10/business/10DRUG.html
Public Ventures Do Private Deals but Sometimes Are Left
Bloodied
http://www.nytimes.com/2001/05/10/business/10PIPE.html
Firm Auditing MicroStrategy Settles Lawsuit
http://www.nytimes.com/2001/05/10/business/10AUDI.html
Black Sales Agents File Discrimination Suit Against Xerox
http://www.nytimes.com/2001/05/10/business/10BIAS.html
TECHNOLOGY
=========================
Looking Back at My First PC
http://www.nytimes.com/2001/05/10/technology/10BLUE.html
Hackers Report a Truce
http://www.nytimes.com/2001/05/10/technology/10HACK.html
Nintendo Grows Up and Goes for the Gross-Out
http://www.nytimes.com/2001/05/10/technology/10CONK.html
How It Works: Fuel Cells Provide Clean, Reliable (and
Pricey) Electricity
http://www.nytimes.com/2001/05/10/technology/10HOWW.html
NEW YORK REGION
=========================
Yellow Cabs Battle Invasion of Their Turf
http://www.nytimes.com/2001/05/10/nyregion/10CABS.html
Friends Mourn Slain Bronx Girl as Police Investigate
http://www.nytimes.com/2001/05/10/nyregion/10GIRL.html
Board Allows Rent Increases of 3% and 5%
http://www.nytimes.com/2001/05/10/nyregion/10RENT.html
Ferrer Refuses Endorsement Linked to Race
http://www.nytimes.com/2001/05/10/nyregion/10MAYO.html
SPORTS
=========================
Devils Beat Toronto to Advance
http://www.nytimes.com/2001/05/10/sports/10DEVI.html
Niedermayer Shouldn't Have Played in Devils Game, and He
Didn't
http://www.nytimes.com/2001/05/10/sports/10ANDE.html
A Masterful Clemens Nibbles at a No-Hitter
http://www.nytimes.com/2001/05/10/sports/10YANK.html
This Time, It's Iverson's Turn to Light the Fire
http://www.nytimes.com/2001/05/10/sports/10SIXE.html
ARTS
=========================
Christopher Wheeldon, City Ballet's Meteor, Lights Up the
Mirror
http://www.nytimes.com/2001/05/10/arts/10WHEE.html
Ken Kesey, Checking In on His Famous Nest
http://www.nytimes.com/2001/05/10/arts/10KESE.html
A Supermodel of a Hotel Sashays to Astor Place
http://www.nytimes.com/2001/05/10/arts/10NOTE.html
'Wingspan': Home Movies Starring the Cute Beatle
http://www.nytimes.com/2001/05/10/arts/10GATE.html
OP-ED COLUMNISTS
=========================
By BOB HERBERT: Mr. Ferrer's Dilemma
Bronx borough president Fernando Ferrer's courting of the
Rev. Al Sharpton's support has provided a bumpy start to a
New York City mayoral campaign.
http://www.nytimes.com/2001/05/10/opinion/10HERB.html
By WILLIAM SAFIRE: Battle of the Blue Slips
Senate Democrats prepare for war over President Bush's
judicial nominations.
http://www.nytimes.com/2001/05/10/opinion/10SAFI.html
HOW TO CHANGE YOUR SUBSCRIPTION
------------------------------------------------------------
You received these headlines because you requested The New
York Times Direct e-mail service. To cancel delivery, change
delivery options, change your e-mail address or sign up for
other newsletters, see http://www.nytimes.com/email
HOW TO ADVERTISE
------------------------------------------------------------
For information on advertising in e-mail newsletters or
other creative advertising opportunities with The New York
Times on the Web, please contact Alyson Racer at
[email protected] or visit our online media kit at
http://www.nytimes.com/adinfo |
Dear Investor,
So far, so good.
My early-October projection of Dow 10,000 by
Thanksgiving came true a few days early. Now I expect
the market to zigzag its way somewhat higher over the
course of the next two years.
But please, don't go out and "buy the market." Index
funds and the like may make you richer...but they won't
make you truly RICH. That's because the gap between
winners and losers will be quite large -- in some
cases HUGE -- in the reawakening ahead.
YOU SEE, in some ways the economic and market
pessimists are RIGHT. Things are different this time
around. And it's unwise to expect a rising tide that
lifts all boats. But the right stocks will pay you
handsomely if you buy them now.
The pessimists may rail about Japan's debt load, the
mess in Argentina and Enron's collapse. But frankly,
my friend, the sky is not all gray. We're actually
beginning to see some upward earnings revisions. And
a handful of stocks we own -- like Cendant, SEI
Investments and Harrah's Entertainment -- are already
UP 40%-to-50% from September's lows. More will
follow.
As you'll discover, the pessimists are WRONG about the
most important issue: We're not headed for some
deflationary death grip or worldwide economic disaster
-- despite the evidence they cite. Rather we are in
the midst of economic change -- marked by harsh
competition, rapid innovation and hand wringing --
that is a STOCK PICKER'S DREAM.
And in just a moment, I'll share my finely-honed
strategy for market-beating gains -- one that could
easily make you 50% RICHER by the end of the year.
SO PLEASE excuse me if I don't buy all the doom and
gloom.
I respect the intelligence and opinions of the
pessimists. But for more than 20 years, I've chosen
to go my own way...discover the facts on my own...and
stand up for what I see.
In fact, I visited 18 countries on five continents
last year. I live part of the year in Europe; just
visited Argentina to size up that situation for
myself; and regularly spend weeks at a time in Greater
China. Why? Because like it or not, we truly live in
a global economy. And by understanding how it works,
I help my clients SAFELY GROW RICH.
HOW? A time-tested strategy that identifies hot
growth prospects, when the risk of owning them is near
-- or at -- its lowest point. That's why the
companies I choose span a host of industries, but they
all have four things in common:
1. Financials that show a company solidly in an upward
trend;
2. Management with a laser-like focus on improving the
bottom line;
3. Distinct competitive advantages within its market
niche;
4. And a stock price selling at the low end of its
usual trading range.
THAT'S THE ONLY WAY to invest for low-risk, fortune-
building gains. And once you join me, I know you'll
agree.
I've just put the finishing touches on my annual list
of "PROFIT ROCKETS" for my Investor's World clients
and thought you might want a peek, as well.
In fact, you can get it IMMEDIATELY with a few simple
mouse-clicks -- and 100% RISK-FREE, as well. Since I
first issued this annual forecast back in 1995, my
clients have really cleaned up -- shouldn't you make a
pile of money this year, too?
From the beginning of 1995 through the end of 2001,
this annual portfolio of "Profit Rockets" has racked
up a cumulative gain of 287.5%! That's over a seven-
year period. Do the division yourself and see how it
looks. NOT BAD! And that time period includes the
worst bear market of the last 25 years -- we were
actually UP another 14% in 2001.
Today, I provide this portfolio solely to my
Investor's World clients. But I first started making
this "annual forecast" in 1995 as a regular panelist
on Wall $treet Week With Louis Rukeyser.
IN 1995, I was #1 among over 20 world-class investors
with gains of 63.3% -- as audited by Bloomberg. In
1996, I "slipped" to #2. And in 1999, I just missed
out on top honors with a NICE FAT 60.4% GAIN.
And frankly, I've been helping investors like you to
oversized gains for more than twenty years now.
When the pessimists cried that oil was going to $100 a
barrel in the 1980s, I led my clients to the rational
truth and more big profits. After the crash of 1987,
I debated every pessimist I could find. And back in
1993 -- with stocks in the dumps and the pessimists
having a field day -- I told clients to buy for the
greatest bull market in history.
I was right each time. And I'm staking my reputation
-- and my own money -- on the well-considered belief
that I'm right again.
So please, I urge you, try my Investor's World
advisory RISK-FREE. As soon as you sign up, you'll
get my full list of 10 Profit Rockets for 2002
immediately, online. Just click here now:
http://www.ppi-orders.com/index.htm?promo_code=1AL121
Sincerely,
John P. Dessauer, Editor
Investor's World
P.S. Remember, this is a 100% RISK-FREE offer. If my
new "Top 10" list doesn't pique your interest -- or if
you're dissatisfied with my service for any reason --
you get every penny of your subscription cost back.
Best of all, this isn't some 30-day -- or even 90-day
-- guarantee. It's good for six full months.
Please click here now:
http://www.ppi-orders.com/index.htm?promo_code=1AL121
------------------------------------------------------
ACCOUNT MANAGEMENT
We hope this free digest of investing advice is
valuable to you. If you'd like to change your e-mail
address ([email protected]), or unsubscribe, please
do so by going to the following address:
http://www.investorplace.com/unsubscribe.php
Your name will be removed from our list within 7-10
working days.
------------------------------------------------------
Sunday Jan 13, 2002 09:07:37 |
Alan --
Not sure if the West Desk is interested in Demand Bidding issues with the
ISO, but wanted you to loop around with the commercial people to see if there
are any specific problems with the current ISO programs.
Please communicate any issues with Harry Kingerski.
Jim
----- Forwarded by James D Steffes/NA/Enron on 03/26/2001 08:33 AM -----
Harry Kingerski
03/23/2001 04:00 PM
To: Neil Bresnan/HOU/EES@EES, Jay Ferry/HOU/EES@EES, Fred L
Kelly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Jubran Whalan/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES
cc: Leslie Lawner/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
Subject: FW: Demand Bidding Legislation (what used to be AB31X- Wright)
We are working to get demand bidding into CA legislation (AB31X). The ISO
wants from us our laundry list of issues of why their existing programs are
inadequate. This is a great opportunity to influence them.
Neil and Jubran, could you give us your specific issues and suggestions? Jay
and Fred, any suggestions would be great from you also.
We will set up a call for Monday at 4 pm CST to discuss and will get phone
number out to you. Thanks.
----- Forwarded by Harry Kingerski/NA/Enron on 03/23/2001 03:50 PM -----
MDay <[email protected]>
03/23/2001 03:37 PM
To: "'Harry Kingerski'" <[email protected]>, "'Jim Steffes, Enron'"
<[email protected]>, "'Leslie Lawner, Enron'" <[email protected]>, "'Sandi
McCubbin Enron SF'" <[email protected]>
cc: "'Jeff Dasovich Enron SF'" <[email protected]>, "'Scott Govenar, Enron
lobbyist'" <[email protected]>, "'Sue Mara at Enron SF'" <[email protected]>,
"'Bev Hansen, Enron lobbyist'" <[email protected]>, "'Hedy Govenar, Enron
Sacto lobbyist'" <[email protected]>
Subject: FW: Demand Bidding Legislation (what used to be AB31X- Wright)
Here is a note from Mike Florio of the ISO Board. This is encouraging, he
wants to talk further about how the ISO programs can be changed to
accomplish what we want. What would be most helpful is an item by item
analysis by EES (read: Harry and his people) as to why the existing or
proposed ISO programs are inadequate (or why we need to have 31X amended to
have the ISO do programs for direct access customers parallel to the utility
programs in 31X.) I need this information soon in order to keep the
dialogue going with Florio. Thanks for your help. Mike Day
-----Original Message-----
From: Mike Florio [mailto:[email protected]]
Sent: Wednesday, March 21, 2001 7:51 PM
To: MDay
Subject: Re: Demand Bidding Legislation (what used to be AB31X- Wright)
Just to show how up to speed I am, I thought that the ISO was already
planning to do this. Their presentation on demand programs at the last
board meeting showed a scheduling coordinator option and a UDC option, with
different billing and settlement provisions for each. But it's hard for me
to judge what is adequate (and user-friendly) and what is not absent some
expert help. I'm definitely interested in the concept and have no great
faith in utility management of programs of this nature. Let's pursue.
MIKE
P.S. In his own inimitable way, Dan Richard "offered" me the ORA job way
back when. I said: "Gee, Dan, I thought we were friends!" When he acted
all surprised and hurt in that way of his, I reminded him that Marty Lyons
and Mark Loy come with the turf. End of discussion.
At 05:05 PM 3/21/2001 -0800, you wrote:
>Mike:
>
>I wanted your reaction to a proposal we were making in response to the
>Wright 31X bill on demand bidding programs. We strongly support these
>programs, and feel that ESPs can bring a lot of benefit to the program by
>aggregaring customers, educating them on the benefits of bidding
"Negawatts"
>and helping to meter and verify their load reductions. We are certain that
>we could help enroll more customers in the program than if the utilities
>alone were in charge. So, we proposed language for 31X which allowed ESPs
>to aggregate customers in the utility day ahead and hour ahead programs,
and
>proposed an additional day ahead program based on economic value, (not
>reliability criteria, like reserve margins).
>
>The utilities and the large customers wanted to clarify that we would not
>include direct access customers in the utility programs, because of the odd
>funding source (reductions from the amounts paid to DWR). We agreed with
>the concept, we don't want to fund demand reduction programs for Direct
>Access customers through DWR payments, but we also feel strongly that there
>should be similar non-discriminatory demand reduction programs for all
types
>of customers, including DA. So we came up with the idea of inserting
>language in the bill to require the ISO to institute demand bidding
programs
>which match the ones mandated in the bill for the IOUs. I gave our
>suggestion to Robin Larson, and I don't imagine you've seen it yet, but
>would you give me your reaction to the basic concept? I looked at the ISO
>website and tried to evaluate the demand bidding programs already in
>place--with a limited amount of understanding, but Enron's business folks
>indicated that they did not consider the existing programs to be the
>equivalent of what the utilities will be implementing. If that is so, how
>about putting similar programs in place so we can actively market and
>encourage all customers to bid their negawatts (especially the economic,
bid
>and contract in advance deals) so that the ISO can count on the demand
>reductions in advance of a day's operations?
>
>I await your response.
>
>I am so sorry you are not the next ORA director, I was certain you would be
>appointed to that, too. (gallows humor)
>
>Mike Day |
CONSENSUS Market Advisory Newsletter
Each Tuesday the CONSENSUS Newsletter will feature a leading selection from
225 +/- weekly articles from CONSENSUS National Futures and Financial Weekly
appearing online at <A HREF="http://www.consensus-inc.com/">
http://www.consensus-inc.com/</A> or in print.
=============================================================
TRADING FUTURES...In An Online World
"e-Commerce is about to change every rule of business in the commodities
futures market."
MarcusEvans conference being held January 18 and 19, 2001 in New York City
Key Benefits of Attending
*Explore the business forces driving competition and change
*Advance your firm's e-commerce strategy
*Envision FCMs and their evolving role in the digital age
*Understand the future of electronic exchanges and their impact on trading
*Streamline operations, increase volume and reduce costs to enhance your
bottom line
For more information contact:
Yael Kruman, 212-483-1193, One Exchange Plaza, 55 Broadway, 26th Floor, New
York NY 10006 or by e-mail to [email protected]
=============================================================
FREE ONLINE TRIAL
Call for your FREE ONLINE trial to our secure site: 800-383-1441 or
816-461-2800. CONSENSUS ONLINE features up to 15 daily and intra-weekly
market letters with current trading strategies.
=============================================================
A request for a FREE sample of the print and ONLINE version is available at
our website.
<A HREF="http://www.consensus-inc.com/">Consensus - National Futures and
Financial Investment Newspaper</A>
This FREE weekly Newsletter publication is sent ONLY to people who have
expressed and interest in financial and investment information.
Please forward this Newsletter to your Associates/Friends.
SUBSCRIBE mail to: [email protected]
UNSUBSCRIBE mail to: [email protected]
=============================================================
TABLE OF CONTENTS:
1. Market commentary from current issue of CONSENSUS National Futures and
Financial Weekly.
2. Featured commodity of the CONSENSUS Index of Bullish Market Opinion.
3. Partial Outline of leading articles in current issue of CONSENSUS.
=============================================================
FEATURED SELECTION:
THE JANUARY EFFECT DID IT START THIS SPRING? by Kansas City Board of Trade,
Kansas City, Missouri
(December, 2000) When we embarked into the year 2000, industry analysts
questioned whether the phenomenon known as the January Effect would occur as
many changes were in store. There were many questions about Y2K and any
technical glitches that might appear. Thankfully, there were not any
problems, but a very different year was in store for the markets...
Read the complete article at <A
HREF="http://www.consensus-inc.com/newsletter/feature.htm">
http://www.consensus-inc.com/newsletter/feature.htm</A>
=============================================================
CONSENSUS Index of Bullish Market Opinion
Contrary opinion index of market advisors
75% + overbought
25% - oversold
FEATURED MARKET: COCOA: 29%
For more information on all of the CONSENSUS Index of Bullish Market Opinion
percentages please go to our sample online issue at
http://www.consensus-inc.com/01999si/
<A HREF="http://www.consensus-inc.com/">Consensus - National Futures and
Financial Investment Newspaper</A>
To obtain the CONSENSUS Index of Bullish Market Opinion for all 33 markets,
please call 900-328-1131 for only $2.99 per minute, updated each Tuesday by
8:00 PM Central Time.
=============================================================
To view TOTAL outline of current issue, visit our website <A
HREF="http://www.consensus-inc.com/">http://www.consensus-inc.com</A> "Issue
Preview"
PARTIAL OUTLINE OF FEATURED ARTICLES IN CURRENT ISSUE OF CONSENSUS FUTURES
AND FINANCIAL WEEKLY:
WILL THE ELECTION EVER END? by AIC Investment Advisors, Inc.
(December 4, 2000) For millions of Americans familiar with hotly contested
presidential election campaigns and then the concession speech by the loser,
either election night or the following day, the current morass in Florida is
astonishing. Surrounded by seemingly battalions of lawyers of whom many are
nothing more than town-hall hangers-on, the battle in various courts seems to
stretch to the horizon...
SOYBEAN PRICES: HEADED HIGHER by Richard A. Brock & Associates, Inc.
(December 1, 2000) Despite the fact a record amount of soybeans were
harvested in both North and South America in 2000, and Brazil and Argentina
are both set to produce another record crop, soybean prices have been working
higher the past few weeks. How can prices move higher if the world is awash
in soybeans?..
OPTIONS FOCUS by Salomon Smith Barney
(November 2000) Stock index futures and options provide investors with
efficient tools to help minimize losses in a declining stock market. If the
price correlation of a stock portfolio and the index futures used as a hedge
is high, the risk on that equity portion protected by the futures could be
neutralized or its exposure reduced against the effects of a market decline
or advance...
=============================================================
Thank you for reading the CONSENSUS Market Advisory Newsletter. In the future
we plan to include special offers, contests and other features. The next
issue of our newsletter will be e-mailed December 19.
CONSENSUS, INC.
PO Box 411128, Kansas City, MO 64141
816-461-2800 or 800-383-1441
mailto:[email protected] |
Charles --
I fully agree that we must integrate the NERC plans and systems (or
improvements to the NERC model) into our RTO model. I hope that is something
you can coordinate with the project as this develops.
Thx,
Jim
To: James D Steffes/HOU/EES@EES
cc: Jeff Brown/HOU/EES@EES, Janine Migden/DUB/EES@EES, Joe
Hartsoe/Corp/Enron, Ron McNamara/HOU/EES@EES, Steve Montovano/DUB/EES@EES,
Dan Staines/HOU/ECT@ECT@EES, Robin Kittel/HOU/EES@EES, Sarah
Novosel/Corp/Enron, Kerry Stroup/DUB/EES@EES, Christi L
Nicolay/HOU/ECT@ECT@EES, Steve Walton/HOU/ECT@ECT@EES, Tom
Delaney/Corp/Enron, Howard Fromer/HOU/EES@EES, Daniel Allegretti/HOU/EES@EES,
Richard Shapiro/HOU/EES@EES, Steven J Kean/HOU/EES@EES
Subject: Re: Transmission / Wholesale Market Regional Plans
Jim a BIG external factor that is directed to the item (2) ISO Systems &
Procedures:
At the NERC Electronic Scheduling Task Force meeting today, there was
considerable discussion on how this Task Force (which was formed before the
OASIS ANOPR was posted) would coordinate on an industry-wide basis, a NERC
response to the OASIS Phase II ANOPR.
Here are some important points a FERC Staff member (Marv Rosenberg) made at
the meeting. These should be kept in mind in developing the Enron proposal
and the process of getting buy-in in each of the Regions/RTOs.
- FERC prefers a single industry consensus filing.
- The ANOPR is intended to tie RTO Order 2000 together with new OASIS II
requirements
- Does not preclude individual RTOs or entities from submitting proposals.
However a diversity of filings will indicate non-consensus and FERC will
make its own decisions which will likely not be industry friendly.
FERC is asking the industry for communication and Business Practices
standards for issuing in a NOPR.
FERC is looking for:
- more functionality and to be more user-friendly
- electronic scheduling
- electronic reservations
- reduce duplication of information entry for customers
- not intended to dictate the Control Area to Control Area communications
I asked Marv to clarify this - He explained that although not required, FERC
welcomes propsals to address the control area source/sink issues as part of
an OASIS II solution (ie Entergy Source/Sink Order)
OASIS II should:
- continue use of Web browsers
- use templates for file transfers (uploads and downloads)
- all displays do not have to look the same - but encourages a common look
and feel
- within a RTO, business practicese may differ, but between RTOs the
practices must be standardized
We need to keep close to the NERC efforts since FERC has historically tended
to favor NERC proposals because they tout an air of industry consensus.
The clarificaton to the ANOPR given by Marv should make buy-in an important
element of our proposal.
If FERC adopts the NERC filing, we will likely be stuck with the exisiting
contract path seams problems and LMP fragmentation in the East because NERC
is not proposing any tariff changes. Also we will not get the control area
source/sink issue resolved since it will be impossible to resolve at NERC in
7 months.
Of course, another option would be to incorporate our efforts with this Task
Force.
James D Steffes@EES
08/02/2000 05:52 PM
To: Jeff Brown/HOU/EES@EES, Janine Migden/DUB/EES@EES, Charles
Yeung/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Ron McNamara/HOU/EES@EES,
Steve Montovano/DUB/EES@EES, Dan Staines/HOU/ECT@ECT, Robin
Kittel/HOU/EES@EES, Sarah Novosel/Corp/Enron@ENRON, Kerry Stroup/DUB/EES@EES,
Christi L Nicolay/HOU/ECT@ECT, Steve Walton/HOU/ECT@ECT, Tom
Delaney/Corp/Enron@ENRON, Howard Fromer/HOU/EES@EES, Daniel
Allegretti/HOU/EES@EES
cc: Richard Shapiro/HOU/EES@EES, Steven J Kean/HOU/EES@EES
Subject: Transmission / Wholesale Market Regional Plans
1. I appreciate everyone who participated in the call today. I think that
the discussion proved that we can find consensus on a reasonable approach for
transmission pricing and energy markets.
2. To make more clear about the Regional Plans, I think that we need to
consider the following.
A. BACKGROUND
Timelines of Current Process
Current Players & Current Positions
Allies
Key Issues now facing the process
B. MOVING FORWARD
Top Issues upcoming
External Factors (e.g., will Entergy join SPP)
Resource Needs
Relationship to Commercial Objectives / Business Plans
C. OTHER ISSUES / CONCLUSION
I hope this helps set an outline for the Regional Plans. The key idea is
that I want to make sure everyone has a calendar of where we are going and
what issues need to be addressed. Don't be shy about adding other topics and
issues. We need to have this to communicate within our group and to the
commercial people. I don't expect this to be easy, but I think that it will
be helpful.
3. I think that we need to put more detail around the entire structure. This
would entail developing four things (1) a tariff, (2) ISO Systems &
Procedures, (3) Day Ahead PX Energy Market, (4) Transmission Flowgate PX
Market. These are the four building blocks to a New Marketplace.
My hope is for Enron to put these things out in a detailed framework using
"off the shelf" material. I know that Tom Delaney has already started
working on a tariff. I think we could adapt the Cal PX model into point 3.
We could probably use the APX Flowgate System for point 4. On the ISO, maybe
we could go to ESCA and have a Detailed Scope / Work Plan and fees on setting
up an ISO (including costs of operation over time). It would make sense to
me to do this very formally (including setting energy market zones and
defining the commercially significant Flowgates). I would use the MISO as
the market to focus on, but am willing to listen to other thoughts.
Please let me know what everyone thinks.
Jim |
BUSINESS HIGHLIGHTS
Enron Industrial Markets
The Transaction Development group (TD) is responsible for corporate development, transaction execution and portfolio management activities within EIM. TD is responsible for asset and corporate acquisitions to support EIM's efforts in the Forest Products and Steel industries. TD works with EIM's Forest Products and Steel Origination groups to structure and execute complex transactions for EIM's customers. TD also manages EIM's equity investments, such as EIM's ownership position in Papier Masson, Ltee, a paper mill in Quebec, Canada.
TD is comprised of approximately 20 professionals with a wide range of backgrounds including investment banking, commercial banking, management consulting, law, project development, accounting and engineering. In addition, the majority of the analysts and associates within EIM work in TD since it provides a strong base of deal experience for junior members of our organization.
Enron Freight Markets
Enron Freight Markets has continued to expand the transportation services offered to its customers and completed several flatbed truck moves outbound from Georgia this week. There was a shortage of flatbed equipment supply in this market and EFM was able to obtain more than three times the normal margin on each move.
IN THE NEWS
"Enron's bilateral internet trading platform, EnronOnline, was launched in November 1999 and is the largest e-commerce site on the planet based on the value of its transactions. As EPRM went to press, it had average daily trading volume of $3.5 billion, accounting for nearly 50% of the company's revenues from wholesale marketing activities." -- Energy Power Risk Management, May 2001
WELCOME
New Hires
EIM - Cheryl Lindeman
ENA - Chris Bystriansky, Paula Craft, Eugene Lee, Bhalachandra Mehendale, Sarah Wooddy
Transfers (to or within)
ENA - Grace Taylor, Steven Irvin, Dina Snow
NUGGETS & NOTES
Enron is hosting the Chicago Energy Risk Management Seminar at The Drake Hotel in Chicago on June 14, 2001. Topics include: Power Outlook, Natural Gas Outlook, Hedging Strategies, Weather Risk Management and Pulp and Paper Risk Management. The RSVP deadline is June 8th so please contact Laura Pena as soon as possible at x 3-5376. This is a great event for "new" as well as established customers. There will be a cocktail reception immediately after the presentations. Enron will also be hosting seminars in Atlanta, Houston, Denver and San Francisco. Dates to be announced soon.
Travel tip of the week:
Flights reserved through Travel Agency in the Park provide you with $150,000 of flight insurance at no additional charge.
EnronOnline Statistics
Below are the latest figures for EnronOnline as of May 29, 2001.
* Total Life to Date Transactions > 1,015,000
* Life to Date Notional Value of Transactions > $610 billion
NEWS FROM THE GLOBAL FLASH
Enron arranges first gas pipeline import into Italy
Enron has continued its pioneering activities in the Continental gas market by arranging the first gas import into Italy. The Italian team worked with the Continental Gas desk to arrange this strategically important agreement with Blugas SpA., the wholesale gas company formed by the municipalities of Cremona, Lodi, Mantova and Pavia in north-eastern Italy. Enron has sourced 100,000 cubic metres per day of natural gas from northern Europe to transport to Italy, transiting it through Germany and Switzerland, despite fierce resistance from Ruhrgas and TransitGas respectively.
Aside from isolated LNG imports by incumbent monopolies this is the first time that any company has managed to import natural gas by pipeline into Italy since the Italian gas sector was officially liberalised in August 2000. The gas, which started flowing at 06.00 on Thursday 17th May 2001, will be used to meet the needs of two thirds of Blugas' residential customers within the four municipalities. The current contract lasts for five months.
Congratulations to Fabio Greco, Carsten Haack, Didier Magne, Michael Schuh, Marco Lantieri and Daniela Uguccioni.
Enron in the Middle East
Enron has relinquished its stake in Dolphin Energy, the joint venture company formed to develop gas reserves in Qatar.
Enron has agreed to transfer its 24.5 per cent stake in the project to the United Arab Emirates Offset Group (UOG), the majority shareholder. The agreement allows Enron to deploy capital elsewhere and gives UOG the opportunity to seek new partners before the project moves into its next phase.
Development of the Emden/Oude gas hub moves ahead fast
An important milestone in the evolution of the new gas trading hub on the Dutch-German
border was reached last week. Last Friday some of the major European gas players held a meeting to officially establish the Emden/Oude gas hub. Although Enron had already initiated the development of the Emden/Oude hub by making a market through EnronOnline as early as December 2000, the goal of this meeting was to set up a working group similar to the Zeebrugge focus group who can work on setting a legal framework for the Emden/Oude hub.
Enron was elected as the only new market entrant in this group, reflecting the high level of respect industry peers have for Enron as a major player in the Continental gas market -- even from incumbents!
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.
<Embedded Picture (Metafile)> |
Certainly understand the tradition you have with OU/Texas and it would be
hard. I imagine David is starting to feel a little cocky, given we should be
undefeated going into Texas, but he may still need to seek the shelter of
the study, as I know Texas is not going to roll over and play dead.
Sounds like Meagan has a full agenda this Fall and a trip to Norman would
only get in the way. I'm sure David will not let the fire die, if she is
truly interested in OU. FYI, OU's Spring Break is March 17-25 next year. So
you can plan accordingly. Let me know if you decide when you decide to come
up and I can get you lined up with Prospective Student Services for a tour.
Also, I remember you telling me about your concerns about grades. I know
that OU requires a 24 on the ACT, or finish in the top 1/3 of your
graduating class. It is my understanding that will soon be increasing to 26
or top 30% of graduating class. Looks like OU is following UT on tightening
entrance requirements.
I can get you shirts caps, sweatshirts, etc. for OU, UT and Tech. You can go
to Bigtimesports.com and look at the styles. I think they are also in the
school colors. If you see a style you like, let me know the size shape and
school and I can order it. If some of it is for you, let me know, as they
have different styles for women. Also, I can have logo's etc. reduced (like
I did on your Bevo on your shirt) so they are not so big. I always have them
reduce the OU from 1 3/4" to a
1 1/4" size, so I don't look like a "poster boy" for OU. Anyway, let me know
and I will order them for you.
Let me know when you hear back from Lexi about your discussion relative to
summer internship recruiting.
Ted K. Jacobs
Director of Energy Management
The University of Oklahoma
307 West Brooks, Room 218
Norman, OK 73019-4007
(405)325-0758
Fax (405)325-2096
E-mail: [email protected]
Website: www.ou.edu/business/em
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Monday, September 25, 2000 1:23 PM
To: Jacobs, Ted K
Subject: RE: Oklahoma Trip
Thanks for looking into the OU/Texas tickets for us. With the ages of the
kids, I think that we will pass on those single tickets. The kids love our
home tradition for the game, and weren't sure that they wanted to give that
up. (I have cake pans in the shape of the state of Texas and the state of
Oklahoma - one daugther decorates one, and the other decorates the second
cake - add some bean dip and chips and it's our own version of a tailgate
party!)
We were hoping to bring Meagan up to look at OU this fall, with our eye on
that last game of the season. However, Klein High School has started the
football season very strongly, winning all games to date. That means that
we may be headed for high school playoffs again this year. Meagan is on
the drill team and must be at all games. Last year, we played right up to
Thanksgiving in the playoffs. So, we have decided to pick a weekend in the
spring after drill team contest season is over to make that trip with
Meagan.
We are interested in caps, shirts, etc. for UT, OU and Texas Tech. Do you
have a list of what is available for those schools?
"Jacobs, Ted K" <[email protected]> on 09/23/2000 03:07:11 PM
To: "'[email protected]'" <[email protected]>
cc:
Subject: RE: Oklahoma Trip
Thanks for the nice words. I hope Enron will be able to look at some
students for summer internships, as I am sure they will be gone by Spring.
As far as Texas tickets go, I can come up with 5 singles, but not 5
together
or even 3 and 2. Let me know if interested and I will try to get them.
Might
be able to trade up or something.
Let me know what other schools you are talking about and I can find out for
you.
Again, thank you for taking time out your schedule to come up and be a part
of the OU recruiting effort. It has been your support and efforts that we
have to thank for Enron coming to OU. Keep me posted on what you work out
with HR with regards to summer interns.
"Hook Em"
Ted K. Jacobs
Director of Energy Management
The University of Oklahoma
307 West Brooks, Room 218
Norman, OK 73019-4007
(405)325-0758
Fax (405)325-2096
E-mail: [email protected]
Website: www.ou.edu/business/em
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Friday, September 22, 2000 5:30 PM
To: Jacobs, Ted K
Subject: Oklahoma Trip
It was good to see you in Norman earlier this week. As always, I
appreciated your attendance at the presentation and at Coach's afterwards.
I am sure that it is rewarding for you to see former students such as Jody
and Nate participating on the other side of the recruiting table. You have
done a great job in changing and promoting the program.
I am pushing Lexi to resolve the question around interview dates for summer
interns ASAP. I have also left Mike McConnell a message to make him aware
of the issue. I should be able to get back with you next week, hopefully
with a change in our strategy!
If you do become aware of five OU /Texas tickets, please let me know. We
will certainly purchase them, I just made the assumption that all tickets
may already be sold.
On another note, David has worn his OU shirt to work and has gotten lots of
compliments. He has a number of people that have asked him about school
shirts, caps, etc. Do you have a list of the schools that you can get
merchandise for and the types of merchandise that you can get? Let me know
-- we can probably place a few orders through you! |
As requested.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 10/30/2000
12:23 PM ---------------------------
From: Tim Belden @ ECT 10/27/2000 05:40 PM
To: John J Lavorato/Corp/Enron, Dave Delainey, Mike Swerzbin/HOU/ECT@ECT,
Robert Badeer/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT,
Jeff Richter/HOU/ECT@ECT, Diana Scholtes/HOU/ECT@ECT, Tom Alonso/PDX/ECT@ECT,
Mark Fischer/PDX/ECT@ECT, John M Forney/HOU/ECT@ECT, Paul Choi/SF/ECT@ECT,
John Malowney/HOU/ECT@ECT, Holli Krebs/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT, Kim Ward/HOU/ECT@ECT,
Debra Davidson/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Lester
Rawson/PDX/ECT@ECT, John Zufferli/CAL/ECT@ECT, James D
Steffes/NA/Enron@Enron, Mary Hain/HOU/ECT@ECT, Christopher F
Calger/PDX/ECT@ECT, Dave Parquet, Phillip K Allen/HOU/ECT@ECT, Vladimir
Gorny/HOU/ECT@ECT, Monica Lande/PDX/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT, Tim
Heizenrader/PDX/ECT@ECT, Cooper Richey, Stephen Swain/PDX/ECT@ECT, Susan J
Mara/SFO/EES@EES, Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON
cc: Debra Davidson/PDX/ECT@ECT
Subject: Price Caps
The following summarizes recent price cap events in California. I think that
I have most of it right. If there is anything wrong or missing please let me
know. Please don't share the attached spreadsheet with anyone outside of
Enron.
Regards,
Tim
New Cap Specifics
On 10/26/2000 the ISO Board passed a motion by a vote of 13-10 to implement a
new price cap methodology.
The new methodology will become effective 11/3/2000 or as soon thereafter as
can be implemented. CAISO staff has indicated that it will be difficult to
achieve that start date. They have not yet indicated what an achievable date
might be.
The new price cap methodology will remain in place until:
Comprehensive market changes have been implemented and the market has proven
to be workably competitive under a variety of load conditions.
Either FERC or the ISO board orders its removal.
Cap prices will be based on the average NYMEX L3D settlement average and the
following heat rate table:
Load Level Heat Rate 4.00 Gas Example Cap
<25 GW 10,775 $43.10
25 GW to 30 GW 14,175 $56.70
30GW to 35 GW 17,225 $68.90
35GW to 40 GW 27,225 $108.90
>40 GW $250/MWh $250/MWh
Caps will be rounded up to the nearest $5/MWh increment.
Demand bids and demand responsiveness programs are exempt from these caps.
The ISO will post the price caps for each load level at least 48 hours prior
to the beginning of each calendar month. Based on the ISO's two day-ahead
system load forecast, the ISO will post hourly caps at least 24 hours prior
to the hour of delivery.
FERC Context
FERC has delegated cap authority to the CAISO until 11/15/2000.
The ISO has asserted that they don't need FERC authority since it is a bid
cap rather than a sales cap. FERC regulates sales, not purchases, of
electricity and therefore can regulate sales prices but not purchase prices.
The ISO has filed with FERC for an extension of the price cap authority.
FERC has to rule on the filing by 11/18/2000. (Note that this is 3 days
after their authority expires)
FERC will release its proposed order on 11/1/2000 based on the results of its
206 investigation of the California wholesale power markets. We don't know
what they will find or what they will propose.
The proposed order will have a 30 day comment period, after which FERC will
likely issue a final order. FERC will be accepting oral comments on
11/9/2000 in Washington. Enron still has to determine who will provide oral
comments.
Many companies have filed at FERC advocating or opposing a litany of price
caps, cost based rates, and market redesign recommendations.
It is likely that the price caps approved by the ISO board will go into
effect. How long they will remain in effect will depend on whether FERC
extends the ISO price cap authority and whether the final order stemming from
the current 206 investigation stipulates a specific price cap policy.
Impact of Price Caps
The attached spreadsheet contains a table of likely maximum monthly prices at
different gas price levels. We think that this is the highest that markets
would clear since it assumes that each hour clears at the cap. It is hard to
say whether actual prices would clear significantly lower than the cap
because we don't know whether sellers will offer below the cap or at the
cap. The assumptions behind our analysis are detailed in the bullets below.
Take actual historical loads from 1999 and 2000.
Calculate implied price cap for each hour using actual historical load, new
price cap methodology, and a range of gas prices.
Divide historical hours into peak and off-peak buckets.
Calculate average price for each month for peak hours and off-peak hours.
For example, we have two years worth of data for the months of January
through September. Each month has approximately 400 hours. for January
through September, we took approximately 800 observations for each month (400
from each year) and calculated a simple average of all of the individual
observations.
We created a peak table and an off-peak table. The table shows the
calculated implied cap based off of the acutal loads at varying gas prices
for each month. This value represents what the month would clear at if each
hour cleared at the cap (based on historic loads). While any given hour
could be above this value, our calculation estimates the likely monthly
average cap value!
The blue shading indicates what the caps would be given current (10/27/2000
NYMEX) forward prices. The yellow shading indicates those forward power
prices which are in excess of the proposed cap. |
At Enron, we,re good at a lot of things: making markets, commoditizing
products, managing risk, offering innovative energy solutions to customers )
the list goes on and on. However, one of the things we could do a lot better
is watching our expenses. We,re all shareholders in this company, and we
need to spend our company,s dollars as wisely as we spend our own.
There are some simple, yet significant measures each of us can take to make
sure we,re careful with Enron,s money. The Policy Committee has approved and
recommended the following:
? Professional Services ) This is our largest area of discretionary spending,
at more than $600 million last year. &Professional Services8 includes our
contracts with outside law and accounting firms, contractors and other
consulting groups. To make sure that we are negotiating the best rates and
terms of service for the company across business units, we are requiring all
future professional service contracts and those up for renewal to be
negotiated through or in consultation with Global Strategic Sourcing (GSS),
effective July 1. In addition, contracts for more than $5,000 must be
pre-approved by the business unit senior executive or their designee and
GSS. For more information, see http://ibuyit.enron.com.
? On-line expense reporting tool XMS ) XMS, our online expense reporting
tool, enables us to expedite, monitor and report expenses. Effective July 1,
all employees on domestic U.S. payroll will be required to use XMS for
reimbursement of business-related expenses. To access XMS, go to
http://xms.enron.com/.
? Enterprise wide portal ) We currently have 122 internal web sites across
the company. The amount of technology work, marketing collateral, and other
related costs required to develop and support so many portals is sizeable.
It makes sense to have one Enron portal so you can efficiently access content
and services through a single, personalized channel that will make it easier
for you to find information and perform basic tasks online. This new
company-wide portal, under the leadership of Tony Mends, will be launched in
several phases beginning this fall.
Another significant area where we can be more diligent in our spending is
travel and entertainment. Enron has long had travel policies in place. As
we have grown, we have not done as well as we should have in communicating
those policies to new employees and reminding all employees to take advantage
of the discounts we have negotiated. The availability of discounts and
booking services online should make it easy to save money for the company
without sacrificing the comfort of employees who travel. The following are
common sense recommendations that we should all adhere to when traveling for
business. Any regular deviations from these travel policy recommendations
will be reviewed by each business unit leader.
? Air travel ) Employees are requested to use either Travel Agency in the
Park (TAP) or the GSS-approved preferred travel agency for your location -
all of which have access to the significant airfare discounts negotiated by
GSS - or http://clicktrip.enron.com/enron, the new online travel booking
service that allows employees to book their own travel with the same
negotiated discounts. Employees who fly in the United States should book
non-refundable coach tickets, which are typically 65 percent less than
refundable tickets and can usually be changed by simply paying a $100 fee.
For this reason, we strongly encourage all employees to purchase
non-refundable domestic coach tickets when possible.
? Lodging ) GSS has also negotiated preferred rates at a number of hotel
chains in many cities worldwide to accommodate each business unit,s
individual hotel policy. We recommend that you use Enron,s list of preferred
hotels to select accommodations that are in line with your business unit,s
policies. You can view the list at http://travel.enron.com.
? Car rental services ) When renting a car for business travel, employees
should use our preferred car rental agencies ) National (U.S. and Canada) and
Alamo (U.S.)- since the agreements we have negotiated are intended to protect
you and Enron through the insurance coverage in our contract. Visit
http://travel.enron.com for details and updates to services available outside
the U.S.
? Off-site meetings ) All domestic-U.S. off-site meetings and events with
more than 10 people should be coordinated through GSS, which will negotiate
preferred rates for Enron. They can be reached at (713) 646-8311.
Because there are differences between business units and offices, each
business unit leader will follow up this memo with a communication further
elaborating on these policies as they apply to their business unit.
Each of us has a responsibility to make sure we do our part to ensure Enron
retains its competitive edge. These recommendations are some basic, sensible
actions we can take company-wide, but it is up to every employee to look for
cost saving measures and do what makes sense in your daily activities. If
you have an idea or a suggestion you would like to share with us, please
e-mail us at [email protected]. A list of questions
and answers about these policies is posted on
http://ibuyit.enron.com/gss/ibuyit/csfaq.doc. If you have additional
questions, Policy Committee member Kevin Hannon will host an eSpeak on
Tuesday, June 19 at 10 a.m. Houston time to discuss these cost saving
recommendations. |
This NetClub offer includes:
1) Lucky Fares Week 43
2) Icelandair Holidays - Thanksgiving Express / CHECK-MATE in Iceland / Scandinavia / Icelandair Open Bridge Tournament
3) Icelandair/Hertz Car Rental and Icelandair Hotels.
4) British Booking Center - South East England Tour
5) eurobreaks.net - London on sale!
6) icelandtotal.com - All You Want To Know About Iceland.
________________________________________________________
For purchase on/before 30 October 2001 - by 12 Noon. Depart between 27 October and 14 November 2001.
Return no later than 21 November 2001. Minimum stay: Saturday night.
Taxes are additional to the fares listed below. Approximate taxes by destination can be found at
http://www.icelandair.com/taxes
1) Lucky Fares - Week 43
Depart from Baltimore
Travel to:
Reykjavik - $350usd
London, Glasgow, Paris, Frankfurt, Amsterdam - $300usd
Oslo, Stockholm, Copenhagen - $450usd
Depart from Boston
Travel to:
Reykjavik - $350usd
London, Glasgow - $278usd
Paris, Frankfurt, Amsterdam - $300usd
Oslo, Stockholm, Copenhagen - $450usd
Depart from New York (JFK)
Travel to:
Reykjavik - $350usd
London, Glasgow, Amsterdam - $250usd
Paris, Frankfurt - $325usd
Oslo, Stockholm, Copenhagen - $415usd
Depart from Orlando
Travel to:
Reykjavik - 400usd
Amsterdam - $275usd
London, Glasgow, Frankfurt, Paris - 350usd
Oslo, Stockholm, Copenhagen $500usd
Depart from Minneapolis
Travel to:
Reykjavik - $375usd
London, Glasgow - $300usd
Paris, Amsterdam, Frankfurt - $375usd
Oslo, Stockholm, Copenhagen - $450usd
For purchase on/before 30 October 2001 - by 12 Noon. Depart between 27 October and 14 November 2001.
Return no later than 21 November 2001. Minimum stay: Saturday night.
Availability is limited.
________________________________________________________
*Due to the current world travel climate, Lucky Fares tickets are changeable, within the validity of the fare, for a $150 (usd) fee until further notice. Changes are subject to restrictions, please contact the Internet Desk for further assistance.
Call 1-800-223-5500 ext 2 prompt 2 or email [email protected]
Please include your confirmation number in your email, or have your ticket available when you call.
________________________________________________________
HOW TO BOOK:
This Lucky Fare must be booked and confirmed online.
To make your booking, please visit:
http://www.icelandair.com/lucky
Please read the Terms and Conditions before you make a request.
Requesting a Lucky Fares booking means that you acknowledge the following:
-Lucky Fares are not refundable, not good for future travel if passengers are unable to travel on the dates booked, not transferable to anyone else once ticketed.
-Lucky Fares are valid for new purchases only.
-Icelandair requires check-in a minimum of 3 hours before departure.
-Lucky Fares do not accrue frequent flyer points and do not offer child or senior discounts.
-Infants without a seat pay 10% of the adult fare plus applicable tax.
-Lucky Fares are subject to limited availability. No fare is ever guaranteed until purchased.
All passengers are requested to reconfirm their flights within 72 hours of departure.
________________________________________________________
2) From Icelandair Holidays
Thanksgiving Express from 499usd per person double, plus taxes.
http://www.icelandair.com/specials
CHECK-MATE in Iceland:
Join Icelandair Holidays for a mini "Chess Adventure." Play chess against some of Iceland's leading chess masters and enjoy the culture and landscape of amazing Iceland!
http://www.icelandair.com/specials
Scandinavia
Here's your chance to find out why Scandinavia's capitals are now winter weekend favorites for Americans "in the know!"
http://www.icelandair.com/specials
Icelandair Open Bridge Tournament
Take a romantic champagne night flight this Valentine?s Day to Europe?s trendiest capital city - Reykjavik, Iceland - and win, playing bridge!
http://www.icelandair.com/bridge
Icelandair Holidays hours of operation: 9am to 5pm Eastern Time (Monday - Friday)
________________________________________________________
>From Icelandair/Hertz Car Rental and Icelandair Hotels
3) Super summer deals on car rental and hotel stays in Iceland
http://www.icelandair.com/carandhotel
________________________________________________________
>From British Booking Center
4) South East England Tour - from $708 per person
Take a self drive tour through Canterbury, Brighton, and Windsor and get
a taste of the history and beauty that is southern England.
For more information please visit us at: http://www.britishbookingcenter.com/lucky_fares14.htm
________________________________________________________
>From eurobreaks.net
5) London on sale! Here's your chance to visit fabulous, cosmopolitan, exciting London this fall or winter, at our lowest prices ever! Enjoy roundtrip Icelandair flights, 3 nights at the Norfolk Plaza Hotel with daily buffet breakfast, taxes and service fees, from only $499 per person! Add extra nights in London, at specially reduced prices, or opt to add a 4 day / 3 night stay in elegant Paris from only $299 extra, including London - Paris flight, first class hotel, daily full breakfast and more... For full details, visit www.eurobreaks.net/londononsale.htm
________________________________________________________
>From icelandtotal.com
6) "All You Want To Know About Iceland"
http://www.icelandtotal.com
________________________________________________________
To stop receiving email from Icelandair, please reply with a blank message and one word REMOVE in the subject line.
To update your address or mailing preferences, including your departure region, please visit: http://www.icelandair.com/editprofile |
Bill/Philippe-
Below is a summary of the major problems which occurred the past 96 hours and
the steps taken to mitigate the damage and risk.
Enron Center North (1400 Smith)
As a result of the flooding downtown, approximately six skyscrapers had their
electrical vaults flooded and began to cause cascading problemd in the
electrical grid downtown. The net result was the loss of one of the two 35kv
circuits which serve 1400 Smith. We (engineers, EES Maint, electrical subs)
believe at the time the circuits blew we shifted from three phase to single
phase power, which caused an imbalance in the load to the building.
Consequently, UPS "C" which serves a portion of the Lv 34 Data Ctr, the Rolm
phone switch, and a protion of the Traders floors lost a circuitboard, and
blew two internal fuses. This power degradation caused PDU "S" on Lv 34 to
trip its main breaker and shutdown power load to servers and equipment on
this PDU. This occurred shortly after Noon on Saturday.
Response/Restoration
> UPS "D" transferred load from UPS "C" as the N+1 back up and carried the
full load of the UPS loss as designed
> EPSC/electrical sub (Henderson Electric); EES Maint; IT worked together to
power down systems to begin repair work by 4:00pm Saturday
> EPSC/EES Maint coordinated with Pillar/Henderson Elec to obtain replacement
parts and begin the repairs. By 9:30pm all repairs to UPS"C" had been made
and the system bought back on line. As a measure of extra protection the back
up genset for Enron Ctr North was in operation
> Reliant Energy restored the circuit at approximately 10:30pm Saturday
evening
> EPSC/EES Maint and subs conducted a thorough review of all electrical and
back up systems Saturday evening
> Enron Network IT Operations began restoration of all affected systems
Saturday evening
> EPSC/EES Maint obtained diesel fuel and topped off all gensets Saturday in
case of additional problems and due to fuel consumption during the outage
Other Building damage was limited to flooding in the tunnels, and water
damage/flooding to portions of the Body Shop on Lv B-1
Enron Center South (1500 Louisiana)
Impact/Damage Summary
> Levels 8 & 9 received very limited amounts of water from the core area
elevator shafts and exterior curtainwall. There was no exposure to water on
any systems or network cabling during the entire period. (Response) Crews
contained and cleaned all water as it traced into the building.
> ALL IDF closets on Lvs 3-5 Traders Floors remained dry throughout the
duration of the rains/flooding on Friday & Saturday
> Lv 6 received some water from Lv 7. (Response) The area was contained and
cleaned. No additional damage beyond Tuesday evenings flooding occurred
> Due to extreme street flooding and water pressure, a 10" sanitary sewer
line tied into ECS burst on Friday evening causing extensive flooding of Lv
B-1 area (approximately 4-6 inches of water in the basement. (Response)
Clark & Way Engr was able to install a temporary plug in the line to stop the
on going flood waters from penetrating the basement. Clean up has continued
throughout the weekend
> Due to the extreme flooding and water pressure, the water seal of the
Reliant Vault burst early Saturday and flooded the electrical vault room with
24-30" of water. This resulted in a complete loss of power at approximately
1:30pm on Staurday afternoon. The back up systems engaged and operated per
design to support the Data Ctr and Traders Floors. The temporary cooling
tower went off line. Prior to the flooding Clark had been in the process of
tieing in the temporary feed into the back up system by 7-1-01 in prep for
the migration (Response)
* Clark used back up water pumps to pump out and clean the Reliant
electrical vault, as well as maintained operation of the back up systems
* The Data Ctr AHU's were kept on line with the dehumidifiers/blowers to
modulate the airflow in the Data Ctr. EPSC had Way Engr techs use
temp/humidity probes
to monitor the areas. The recordings indicated temps on Lvs 8 & 9 did not
exceed 78 degrees and relative humidity did not exceed 68% during the outage
* Clark/Fisk Elec/EPSC coordinated desing efforts and obtained gear on an
emergency basis and completed the tie in off the temporary coolong tower to
the
generators by 10:30pm
* Reliant Energy is still cleaning and replacing gear in th vault room.
Presntly (AT 11:00PM Sunday) we have one circuit operational in the building
and 50% of the
Reliant gear on line). We are still operating all systems
safely on the back up sytems for the past 36 hours. It is expected Relaint
will be complete by 7:00am.
Clark; the engineers and MEP subs shall be conducting a thorough system
review and repirs as required of all systems throughout the building during
the coming
week.
In summary, the back up systems in both facilities did engage and operate as
designed; however, due to the extreme conditons and stress placed upon the
systems the facility held up extremely well. I would also like to note
throughout the ordeal beginning Friday evening through Sunday, everyone
(Enron NetWorks;EES FacilitiesClark Const;Way Engring;Fisk Electric;Henderson
Electric; KW-Pillar;Hines) did an outstanding job under enourmous pressure
and the most severe conditions I have seen in downtown Houston.
Communication, around the clock work and cool heads managed to assess damage
and develop action/restoration plans to facilitate repairs for Monday business
Let me know if you need further details on specific issues or items.
regards-
Henry |
Sara,
Looks like we never received the forward confirmations. We did receive the
put confirmations, which were received last week.
Please have the forward confirmations faxed to me today at 646-758-4819.
Russell F. Hackmann, CFA
Lehman Brothers Corporate Equity Derivatives
(201) 524-2279 phone
(917) 596-2936 cell
[email protected]
> -----Original Message-----
> From: Shackleton, Sara [SMTP:[email protected]]
> Sent: Monday, October 15, 2001 4:44 PM
> To: Hackmann, Russell
> Subject: FW: Re: confirmation of agreement--Enron
>
> Russ:
>
> The forwards and puts should be signed and faxed back to Lehman. Please
> note the template for these trades (with respect to the definition of
> "material") left out the word "into". I didn't find it necessary to
> impede Enron Corp.'s signature; just let Phil know for the next deal.
> Thanks. Sara
>
> Sara Shackleton
> Enron Wholesale Services
> 1400 Smith Street, EB3801a
> Houston, TX 77002
> Ph: (713) 853-5620
> Fax: (713) 646-3490
>
>
> -----Original Message-----
> From: Armogida, Jim
> Sent: Monday, October 01, 2001 9:16 AM
> To: Shackleton, Sara
> Subject: FW: Re: confirmation of agreement--Enron
>
>
> Here it is, Sara.
>
>
>
> -----Original Message-----
> From: Ladas, Michael [mailto:[email protected]]
> Sent: Friday, September 28, 2001 1:28 PM
> To: Despain, Tim; Armogida, Jim; Freeland, Clint
> Cc: Karna, Angie; Hackmann, Russell
> Subject: RE: Re: confirmation of agreement--Enron
>
>
> Tim - we are comfortable with the changes to the definition of
> "material"
> given that Lehman is not entering the market as a result of "rolling"
> the
> transaction. Should we amend the transaction in or enter in any future
> transaction where we enter the market on behalf of ENE, we would require
> the
> "standard" definition of "material.
>
> Mike Ladas
> p.201-524-2279
> c.646.319.3220
> [email protected]
>
> > -----Original Message-----
> > From: Despain, Tim [SMTP:[email protected]]
> > Sent: Friday, September 28, 2001 1:25 PM
> > To: Ladas, Michael
> > Subject: FW: Re: confirmation of agreement--Enron
> >
> >
> > As discussed.
> >
> > Tim
> >
> >
> > > -----Original Message-----
> > > From: Armogida, Jim
> > > Sent: Friday, September 28, 2001 11:42 AM
> > > To: '[email protected]'
> > > Cc: Freeland, Clint; Glisan, Ben; Despain, Tim; Walls Jr., Rob;
> > > Rogers, Rex
> > > Subject: Re: confirmation of agreement--Enron
> > >
> > > Russ--Clint is out today, but the confirmation document is fine
> except
> > > that there is a tweak we need to make to the definition of
> "material"
> > > information contained in the representation by Party B in the
> > > confirmation. It should read as follows:
> > >
> > > "Material" information for these purposes is any information to
> > > which Party A would reasonably attach importance in entering into
> this
> > > Transaction or placing any order with respect to this Transaction.
> > >
> > >
> > > I assume this is satisfactory. If not or you would otherwise like
> to
> > > discuss it, please contact Rex Rogers at 853-3069 since I will be
> out
> > > of the office later today. Thanks.
> > >
> > >
> > >
> >
> >
> > **********************************************************************
> > This e-mail is the property of Enron Corp. and/or its relevant
> affiliate
> > and may contain confidential and privileged material for the sole use
> of
> > the intended recipient (s). Any review, use, distribution or
> disclosure by
> > others is strictly prohibited. If you are not the intended recipient
> (or
> > authorized to receive for the recipient), please contact the sender or
> > reply to Enron Corp. at [email protected] and
> > delete all copies of the message. This e-mail (and any attachments
> hereto)
> > are not intended to be an offer (or an acceptance) and do not create
> or
> > evidence a binding and enforceable contract between Enron Corp. (or
> any of
> > its affiliates) and the intended recipient or any other party, and may
> not
> > be relied on by anyone as the basis of a contract by estoppel or
> > otherwise. Thank you.
> > **********************************************************************
>
>
> ------------------------------------------------------------------------
> ------
> This message is intended only for the personal and confidential use of
> the designated recipient(s) named above. If you are not the intended
> recipient of this message you are hereby notified that any review,
> dissemination, distribution or copying of this message is strictly
> prohibited. This communication is for information purposes only and
> should not be regarded as an offer to sell or as a solicitation of an
> offer to buy any financial product, an official confirmation of any
> transaction, or as an official statement of Lehman Brothers. Email
> transmission cannot be guaranteed to be secure or error-free.
> Therefore, we do not represent that this information is complete or
> accurate and it should not be relied upon as such. All information is
> subject to change without notice.
>
>
------------------------------------------------------------------------------
This message is intended only for the personal and confidential use of the designated recipient(s) named above. If you are not the intended recipient of this message you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. This communication is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product, an official confirmation of any transaction, or as an official statement of Lehman Brothers. Email transmission cannot be guaranteed to be secure or error-free. Therefore, we do not represent that this information is complete or accurate and it should not be relied upon as such. All information is subject to change without notice. |
Welcome to Diabetes E-News Now!
You are receiving this newsletter by request. This weekly newsletter provides you with the latest news and events occurring in the world of diabetes and is brought to you by the American Diabetes Association.
Visit the online community of diabetes.org.
Explore. Learn More.
____________________________________
THIS WEEK'S ISSUE INCLUDES:
A MESSAGE FROM THE AMERICAN DIABETES ASSOCIATION...
Get the Diabetes Information You Want!
IN THE NEWS...
Medicare Funds Nutritional Therapy
FDA Approves Generic Metformin
Sexual Problems in Men With Diabetes, and More from Diabetes Care
A Major Gift to the Research Foundation
COMMUNITY AND RESOURCES...
Diabetes Forecast Live! Replay
ONLINE SHOPPING...
Type 2 Diabetes Your Healthy Living Guide
_____________________________________
A MESSAGE FROM THE AMERICAN DIABETES ASSOCIATION...
Get the Diabetes Information You Want!
Did you know that by registering with the ADA Web site, diabetes.org, we can provide you with information that is most interesting to you? Simply click on the link below. Once you have chosen your username and password, please take a few moments to tell us what type of diabetes information you are looking for and we'll do the rest!
Try it and see: http://www.you-click.net/GoNow/a16366a51643a99406973a5
IN THE NEWS...
Medicare Funds Nutritional Therapy
On January 1, 2002, Medicare began covering medical nutritional therapy for many recipients with diabetes and kidney diseases. With this new benefit, around 4.5 million Medicare recipients with diabetes and an estimated 110,000 with kidney disease are eligible for medical nutritional therapy aimed at helping them learn to make healthy eating choices and better manage their conditions. The comments of Anne Daly, the Association's President, Health Care & Education, are featured in this article from The Washington Post covering the new benefit.
To learn more, click here: http://www.you-click.net/GoNow/a16366a51643a99406973a0
FDA Approves Generic Metformin
The US Food and Drug Administration recently granted approval to eleven generic drug manufacturers to market generic versions of Bristol-Myers Squibb Company's popular diabetes medication Glucophage (metformin). Glucophage is taken orally in pill form, and is currently the world's top-selling diabetes medication. The drug reduces blood sugar levels by curbing production of glucose by the liver.
To learn more, click here: http://www.you-click.net/GoNow/a16366a51643a99406973a1
Sexual Problems in Men With Diabetes, and More from Diabetes Care
According to a study published in the February issue of Diabetes Care, the Association's journal of clinical research, more than one-third of adult men with diabetes experience sexual dysfunction. Also in the February issue, a separate study shows that a particular type of weight-loss surgery can dramatically improve the health of severely obese people with diabetes, and in some cases even send the disease into remission.
To learn more, click here: http://www.you-click.net/GoNow/a16366a51643a99406973a2
A Major Gift to the Research Foundation
Terrance H. Gregg and Louise Cotting-Gregg, of Los Angeles, California, have pledged a total of $1,050,000 for the study of diabetes and pregnancy, to the American Diabetes Association Research Foundation. Mr. Gregg, President of Medtronic MiniMed, the world's leading maker of insulin pump devices, sits on the Association's Research Foundation Board of Directors, and will be honored by the Association's Los Angeles office as a Father of the Year on June 6, 2002.
To learn more, click here: http://www.you-click.net/GoNow/a16366a51643a99406973a3
COMMUNITY AND RESOURCES...
Diabetes Forecast Live!
Catch the replay of the January edition, "What's Hot in New Diabetes Products." Diabetes Forecast Live! is a monthly webcast that provides real-time interviews with diabetes experts, as well as special guests. This year has brought a bumper crop of new diabetes products that can help you manage your diabetes--click and hear more about them here: http://www.you-click.net/GoNow/a16366a51643a99406973a6
ONLINE SHOPPING...
Type 2 Diabetes Your Healthy Living Guide
From eating right and exercising to choosing a health care team, this book is a "must-have" guide when living with type 2 diabetes.
"Finally, a book with all the information you need in one place. Everyone
should own this book!"
David S. Schade, MD, Professor of Medicine
The University of New Mexico School of Medicine
For more information or to order this book, click here: http://www.you-click.net/GoNow/a16366a51643a99406973a4
______________________________________
Some of the articles in Diabetes E-News Now! are generated from wire service stories only and not by the American Diabetes Association. Therefore, the American Diabetes Association has no control over the editorial or grammatical content and does not endorse the information contained in the articles. Neither the American Diabetes Association nor any third-party provider of information guarantees the accuracy, completeness, or usefulness of any content, nor its merchantability or fitness for any particular purpose. The articles included in this offer are accessible for 21 days past the issue date of this offer. If you experience difficulty accessing the news articles prior to 21 days past the issuance date, please e-mail: [email protected]. Being a Diabetes E-News Now! Member is free and your privacy is guaranteed.
Click here to forward this message to a friend!
http://www.you-click.net/GoForward/a16366a51643aSa99406973a2
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
This e-mail newsletter is sent to you free from the American Diabetes
Association. If you do not wish to receive further email communications
from the ADA, please visit the following link and select Unsubscribe.
http://www.you-click.net/Change-Remove/a16366a99406973a2a51643 |
The revision is to US Natural Gas Financial Volumes. Sorry about any inconvenience.
jr
EnronOnline
Trade Counts and Volume for May 15, 2001
EXTERNAL INTERNAL TOTAL
COUNTRY COMMODITY CATEGORY COUNT QTY COUNT QTY COUNT QTY UNIT OF MEASURE
Austria Power Physical 15 8,518 - - 15 8,518 MWh
Belgium Natural Gas Physical 3 255,000 - - 3 255,000 MMBtu
Canada Natural Gas Financial 7 4,270,000 1 155,000 8 4,425,000 MMBtu
Canada Natural Gas Financial Option 1 883,500 - - 1 883,500 MMBtu
Canada Natural Gas Physical 223 8,207,274 3 2,595,000 226 10,802,274 MMBtu
Canada Power Financial 2 3,121 1 24 3 3,145 MWh (Canada)
Germany Coal Physical 1 9 1 9 2 18 SECA Contract - Metric Tonnes
Germany Power Physical 101 679,551 - - 101 679,551 MWh
Japan Metals Physical 1 6 - - 1 6 Jpn Alum Phy 250 mt Lot
Norway Power Financial 13 281,160 - - 13 281,160 MWh
Singapore Crude Financial 1 50,000 - - 1 50,000 Barrel
Singapore Oil Products Financial 2 66,000 - - 2 66,000 Barrel
Switzerland Power Physical 15 11,361 - - 15 11,361 MWh
United Kingdom Crude Financial 3 300,000 2 50,000 5 350,000 Barrel
United Kingdom LPG Financial 2 3,000 - - 2 3,000 mt
United Kingdom Metals Financial 473 22,950 71 1,700 544 24,650 LME Registered mt Lot
United Kingdom Natural Gas Physical NBP 105 13,847,850 6 60,700 111 13,908,550 MMBtu
United Kingdom Oil Products Financial 4 60,000 - - 4 60,000 Barrel per month
United Kingdom Oil Products Financial 13 65,000 - - 13 65,000 IPE mt
United Kingdom Power Physical 13 413,280 - - 13 413,280 MWh
United Kingdom Sea Freight Financial 1 15 1 15 2 30 Sea Freight Lots
USA Crude Financial 192 8,970,000 93 3,950,000 285 12,920,000 Barrel
USA Crude Financial Option 2 100,000 6 300,000 8 400,000 Barrel
USA Crude Physical 9 973,000 - - 9 973,000 Barrel
USA Gas Pipeline Capacity Physical 3 24,200 - - 3 24,200 MMBtu
USA LPG Financial 4 65,000 1 25,000 5 90,000 Gallon
USA LPG Physical 2 10,000 - - 2 10,000 Gallon
USA Lumber Physical 1 2 - - 1 2 Thousand Board Feet
USA Natural Gas Financial 1,215 516,997,085 639 226,751,077 1,854 743,748,162 MMBtu
USA Natural Gas Financial Option 71 71,010,000 6 6,000,000 77 77,010,000 MMBTU
USA Natural Gas Physical 1,811 18,988,668 49 306,117 1,860 19,294,785 MMBtu
USA Oil Products Financial 29 768,572 - - 29 768,572 Barrel
USA Paper Physical 1 24 - - 1 24 Short Tons (+/- 5%)
USA Power Financial 52 321,905 15 176,028 67 497,933 MWh
USA Power Physical 531 6,828,054 152 2,583,915 683 9,411,969 MWh
USA Rate and Currency Financial - - 3 4,800,000 3 4,800,000 EUR/1
USA Rate and Currency Financial - - 9 784,000,000 9 784,000,000 FX USD
USA Rate and Currency Financial - - 2 1,616,000 2 1,616,000 USD/1
USA Weather Financial 4 9 - - 4 9 Cooling Degree Day
4,926 1,061 5,987 |
----- Forwarded by Jeff Dasovich/NA/Enron on 07/06/2001 07:15 PM -----
> POWER POINTS:Nevada Suffers FERC Unintended Consequences
>
> By Mark Golden
> A Dow Jones Newswires Column
>
> NEW YORK (Dow Jones)--Those who have opposed wholesale electricity price
> controls have been labeled as extreme free-market ideologues who are
> insensitive
> to the practical impacts on peoples' lives of high electricity prices.
> But the most common argument against price caps has been logical, not
> ideological: Price controls have never worked. Market participants always
> find a
> way around the rules.
> This week the Federal Energy Regulatory Commission decided that it will
> have
> to consider at its meeting next week revisions to its June 19 price
> control
> ruling. The initial price cap rule, set by the California Independent
> System
> Operator last spring, was only a few paragraphs long. Each successive
> price cap
> order has gotten longer, though effectiveness still appears out of reach.
> The
> FERC's April order was 28 pages long; the June order was 48 pages. And now
> additional rules are on call to plug the new loopholes.
> The revisions will also try to repair damage done to the market by the
> June
> order. During a spell of very hot weather Monday, Sierra Pacific Resources
> (SRP)
> subsidiary Nevada Power had to initiate limited rolling blackouts to a
> small
> number of customers for 45 minutes. The company attributed the blackouts,
> in
> part, to the new price controls.
> Sierra Pacific's chief spokesman, Paul Heagen, provided a bird's eye
> view of
> the practical realities of the FERC's new price cap regime.
> Power Points: After having a few days to look into it, can you say that
> price
> caps definitely contributed to blackouts in Nevada on Monday?
> Paul Heagen: Yes, but first let me say that all of it was unintentional.
> FERC
> was trying to do the right thing. Price caps were a noble effort to solve
> a real
> problem in California.
> But on Monday the market needed speed and clarity to function. It had
> neither,
> and that can be attributed to the price caps. Normally, in one or two
> phone
> calls we could have got what we needed. On Monday, we were five to six
> calls
> into it and still on the phone.
> Price caps are having the unintended consequence of dragging other
> states into
> the California morass. We have this artificial environment which we are
> all
> trying to sort through.
> PP: How, specifically, are the caps having this effect?
> PH: There are a couple of elements. The 10% premium for power sold to
> California is supposed to reflect concerns about credit. That 10% in an
> open
> market is no big deal, but in a constrained situation the seller will grab
> it,
> because now it's his only chance to make money.
> Also, the way this is set up, they look backwards. They determine the
> price
> after the fact. I can't think of any business in the world where you sell
> a
> product and find out later what price you sold at.
> This had a very chilling effect on people's willingness to sell.
> Normally, a
> cloud cover comes in and a utility has a little extra power to sell in the
> real-time market. Normally, those little 50-megawatt packets move pretty
> easily,
> and that's really important for maintaining reliability.
> With the price cap, utilities hunkered down. Selling at $92 wasn't worth
> the
> risk. They figured they might as well hang on in case they needed it.
> Also, we have a voluntary curtailment program that allows us to share
> savings
> with customers who agree to curtail use. If the market is, say, $500, we
> might
> pay them $250/MWh to curtail demand. But in a $92/mkt, we can offer them
> such a
> small amount of money that they stay on.
> PP: Have you talked to FERC about these problems with the price
> controls?
> PH: We've had a senior team in Washington, D.C., at the FERC since last
> week.
> Right away we saw another effect of the FERC order: It penalizes companies
> like
> ours that signed long-term supply contracts before the order because many
> of
> those deals were done at prices above the price cap.
> The biggest issue for us, is, did FERC really mean to penalize companies
> like
> us that planned ahead? It's long-term contracts that provide price
> stability.
> It's unfair to our customers to expect them to pay for long-term
> contracts
> that have been undercut by price caps. If we get into a situation where we
> have
> a little extra to sell, now we can't recover our costs.
> PP: With such high prices the past year, a lot of small, oil-fired
> turbines
> have been dusted off and put into service on time for this summer. Traders
> for
> other southwest utilities have said that all these little turbines have
> been
> very helpful when supplies got tight earlier in the year, but they weren't
> available this week because they cost more to run than the price cap. Did
> you
> see the same thing?
> PH: We have some small turbines that we put in Reno and the Lake Tahoe
> area in
> the last few months. They were supposed to provide peak power, but they
> get
> uneconomic in a hurry under the price cap scheme.
> You know, we've tried to isolate ourselves as best we could from the
> California situation and behave very independent of how California
> behaves. So
> Nevada is a great test case to see if price caps have an unintended effect
> outside of California. We were able to minimize the impact on our
> customers
> Monday, but the situation has maximized the attention of the country on
> the
> impact of price caps.
> -By Mark Golden, Dow Jones Newswires; 201-938-4604;
> [email protected]
>
> (END) DOW JONES NEWS 07-06-01
> 03:14 PM- - 03 14 PM EDT 07-06-01
> |
Guys, I assume you are keeping an eye on "California East". Any help you can
give Kevin would be much appreciated.
Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/17/2000
06:36 PM ---------------------------
Enron North America Corp.
From: Kevin M Presto 12/15/2000 07:39 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: NYPSC Interim Pricing Report on ISO
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 12/15/2000
07:40 AM ---------------------------
Enron North America Corp.
From: Kevin M Presto 12/15/2000 07:32 AM
To: James D Steffes/NA/Enron@Enron
cc: John J Lavorato/Corp/Enron@Enron, Dave Delainey, Mark Dana
Davis/HOU/ECT@ECT, Tom May/Corp/Enron@Enron
Subject: NYPSC Interim Pricing Report on ISO
This NY cap proposal must be prevented. The proposal is essentially
cost-based regulation. Obviously, if the proposal below was adopted by NY,
Enron's ability to make money is greatly diminished. In addition, it has
significant effects on the rest of the market in terms of regulatory
uncertainty in the forward markets.
In the past, FERC has ruled to make caps consistent in all 3 NE regions (NY,
NE, and PJM), which leads to quasi caps in the rest of the Eastern
Interconnect.
Jim,
We need an action plan ASAP. Please coordinate with Dana, Tom May, and
myself.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 12/15/2000
07:22 AM ---------------------------
Tom May@ENRON
12/14/2000 06:13 PM
To: Mark Dana Davis/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT
cc: Narsimha Misra/NA/Enron@Enron, Robert Stalford/NA/Enron@Enron, Gautam
Gupta/HOU/ECT@ECT, Larry F Campbell/NA/Enron@Enron
Subject: NYPSC Interim Pricing Report on ISO
FYI. In the interest of all the developing markets, I think that we need to
make a full court press to ensure that this does not get enough support to
pass at the committee level in New York. I will arrange a meeting with
regulatory to plan our response.
Tom.
---------------------- Forwarded by Tom May/Corp/Enron on 12/14/2000 06:09 PM
---------------------------
From: Howard Fromer on 12/14/2000 04:30 PM
To: Tom Dutta/HOU/ECT@ECT, John D Suarez/HOU/ECT@ECT, Doug
Sewell/HOU/ECT@ECT, Richard Ring/HOU/EES@EES, Suneet Sharma/HOU/EES@EES, Gary
Keevill/ECP/Enron@Enron, John Llodra/Corp/Enron@ENRON, Tom
May/Corp/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON, Dan Staines/HOU/ECT@ECT, W David Duran/HOU/ECT@ECT,
Richard Lydecker/Corp/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron
cc:
Subject: NYPSC Interim Pricing Report on ISO
Earlier today, the New York Public Service Commission released a 122 page
draft report prepared by its staff evaluating the NYISO. The report concludes
that the ISO must pursue a wide range of operational reforms and other
consumer safeguards to "ensure a more efficient and stable electric market
that will better protect consumers from dramatic price increases." The report
culminates a months-long investigation begun by the PSC last summer in
response to problems and price run-ups in the wholesale market.
The major recommendations in the Report, some of which have already surfaced
in recent ISO Committee meetings, would be devastating to a competitive
wholesale market and would largely reregulate prices in New York. They
include the following (taken directly from the PSC's Press Release):
Reforming rules and procedures to improve the efficiency of the market and
minimize opportunities for market manipulation, or "gaming," by owners of
electricity generating facilities;
Initiating a $150 per megawatt hour price cap on generators to maintain
reasonable market clearing prices;
Creating a "circuit-breaker" mechanism that will prevent market power abuses
at levels below $150/MWH;
Lowering price thresholds significantly to allow the NYISO to step in more
quickly to investigate and mitigate price spikes;
Granting the NYISO retroactive refund authority to return to consumers gains
that generators improperly derive from market power abuse; and,
Creating a strong deterrent against price abuses by penalizing generators who
repeatedly use improper tactics to raise prices above competitive levels.
The NYPSC, of course, has no legal authority to impose any of these
recommendations. However, they are likely to muster support from the
Transmission Owners, governmental entities and loads, that usually control
enough votes to just pass a motion at an ISO Committee. This will set up a
confrontation with the ISO Board, which is walking a delicate tightrope
between maintaining its independence and supporting a competitive wholesale
market on the one hand, and dealing with the politics of a hostile
Administration in New York. Last summer, as you may recall, the Board
rejected the $1000 bid cap pushed through by the PSC, voting instead for a
$1300 cap. That action was set aside by FERC, which reimposed the $1,000
level and then made it applicable in New England as well so that there would
be consistency among the three Northeast ISOs (PJM already had the $1,000
cap.)
Thus, whether NY follows the lead of California is likely to be determined by
FERC, and it will have to carefully consider the consistency concerns it
raised last summer in ultimately deciding whether it's OK for New York to set
price caps below its neighboring ISOs.
Attached is a copy of the PSC's Press Release and Report.
http://www.dps.state.ny.us/fileroom/doc8945.pdf |
I believe this generated $75 worth of discretion with Midwest Gas. Unless I am not seeing something here, I don't feel as though investing dollars to install EFM or Bullhorn would be a good idea.
Tom
-----Original Message-----
From: Anderson, Gary E.
Sent: Thursday, October 25, 2001 8:17 AM
To: Zadow, Raetta; Lachapelle, Donna; Stewart, Angeline; Farmington-Pipeline, Team; Rice, Tom
Cc: Blair, Lynn; Dietz, Rick; Floyd, Jodie
Subject: RE: Daily Volumes For Midwest Natural Gas
The charts from these locations are not received in time to process for the 5th work day close, so these daily volumes are determined systematically based on the beginning and ending index readings. Even if they were, it is impossible to determine daily volume consumption from a 31day chart. Even decreasing the chart rotation is not a solution unless charts are received by the third work day to allow sufficient time for processing. The answer is to install EFM or possibly a Bullhorn unit to determine the actual daily index readings so that the daily quantities are accurately determined.. On these types of installations, how can we assess penalties on anything other than monthly quantities ? NNG has several locations where the existing equipment does not meet today's business needs, so we probably need to determine where these deficiencies exists, and identify the costs to resolve the problem.
Thanks-
Gary
-----Original Message-----
From: Zadow, Raetta
Sent: Tuesday, October 09, 2001 9:04 AM
To: Anderson, Gary E.; Lachapelle, Donna; Stewart, Angeline; Farmington-Pipeline, Team; Rice, Tom
Cc: Blair, Lynn; Dietz, Rick; Floyd, Jodie; Zadow, Raetta
Subject: FW: Daily Volumes For Midwest Natural Gas
Gary, was wondering if you could help us out. Scott has told me that they have 31 day charts for the stations listed below and he was wondering why we couldn't read those so as to get daily volumes rather than taking the total for the month and dividing it by the number of days in the month to get the daily volume. The reason for this is because, especially in the winter time, this can become very crucial when we calculate the penalty invoices which are done daily and are based on the differences between the daily physical volumes and the volumes that the shippers have scheduled on our pipe. If these charts cannot be read daily, what can we do to make it so that they can. Could you please check to find out what we need to do in order to have accurate daily volumes for these stations.
Thanks,
Raetta
-----Original Message-----
From: Farmington-Pipeline, Team
Sent: Monday, October 08, 2001 9:55 AM
To: Zadow, Raetta
Subject: Re: Daily Volumes For Midwest Natural Gas
Raetta, here are the stations numbers. Thanks for your help. Scott 612-270-8501
Arcadia 747-051-01,02
Eleva 747-161
Independance 747-221
Mondovi 747-341-01,02
Strum 747-411
Whitehall #1 747-921
Whitehall #3 747-923
<< OLE Object: Picture (Device Independent Bitmap) >>
Team Farmington-Pipeline
06/22/2001 07:58 AM
To: Raetta Zadow/ET&S/Enron@ENRON
cc: Tom Rice/ET&S/Enron@ENRON, Bob Stevens/ET&S/Enron, Angeline Stewart/GPGFIN/Enron, Diana Porter/ET&S/Enron@ENRON, Jodie Floyd/ET&S/Enron@ENRON, Raetta Zadow/ET&S/Enron@ENRON
Subject: Re: Daily Volumes For Midwest Natural Gas << OLE Object: StdOleLink >>
Thanks for looking into this for me Raetta. I talked to Jim Banker this week and asked for him to check and see if they were charged for any penalty gas or not. He said that he would let me know if they had. He also stressed that we still need to see the actual daily volumes instead of average daily volumes on the volume statements. I'm not quit sure if this part of the problem has been addressed yet or not. Please let me know. Thanks Scott
<< OLE Object: Picture (Device Independent Bitmap) >>
Raetta Zadow
06/15/2001 04:43 PM
To: Team Farmington-Pipeline/ET&S/Enron@ENRON
cc: Tom Rice/ET&S/Enron@ENRON, Bob Stevens/ET&S/Enron, Angeline Stewart/GPGFIN/Enron, Diana Porter/ET&S/Enron@ENRON, Jodie Floyd/ET&S/Enron@ENRON, Raetta Zadow/ET&S/Enron@ENRON
Subject: Re: Daily Volumes For Midwest Natural Gas << OLE Object: StdOleLink >>
I have looked at the DDVC invoices for Midwest for March, 2001 which total $304.70. The SMS charges amount to $76.30 but the biggest part of the invoice is the negative DDVC charge which is for $228.40 - this occurred on March 26. I was wondering if the Midwest Natural Gas people could let us know what they think the volumes should be on those specific wells that they are concerned about for the 26th and then if necessary, we could make those corrections. Please let me know if there is anything else that I can do to help.
Thanks,
Raetta
<< OLE Object: Picture (Device Independent Bitmap) >>
Team Farmington-Pipeline
06/14/2001 03:04 PM
To: Tom Rice/ET&S/Enron@ENRON, Bob Stevens/ET&S/Enron, Raetta Zadow/ET&S/Enron@ENRON, Angeline Stewart/GPGFIN/Enron, Diana Porter/ET&S/Enron@ENRON
cc:
Subject: Daily Volumes For Midwest Natural Gas
I recently met with Jim Banker with Midwest Natural Gas from Whitehall, Wi. He informed me that he had some concerns about whether or not he was being charged for penalty gas for daily volumes. He showed me some gas volume statements that he recieved from GMS. I believe it was the month of March Statement. What the statement showed is average daily volumes instead of the actual volumes per day. (Ex. At Eleva TBS Days 1 and 2 showed 122 MCF and Days 3-31 showed 118 MCF.) These are charted stations with 31 day charts. The stations that he is concerned about are Arcadia, Eleva, Independance, Mondovi, Strum, Whitehall #1,and Whitehall #3. Any assistance or knowledge that you can provide me would be greatly appreciated. Thanks Scott 612-270-8501 |
Michael,
Here is the Northern Border Pipeline draft stipulation that ENA is planning to present to the BTRC. It incorporates the flexibility and features that Enron Canada needs to complete settlements that are in the works with a couple of former netback producers, Birchill and Tenaska. It also has backup disposition plans for ENA's Northern Border capacity in the event that the Enron Canada deals fall apart. With respect to future claims, NBPL's posting of the capacity on their website is just another way to find creditworthy shippers that can step into ENA's shoes for the remaining terms of the firm max rate transport agreements.
Ruth
-----Original Message-----
From: Mark Ellenberg [mailto:[email protected]]
Sent: Wednesday, May 15, 2002 11:32 AM
To: Lenard M. Parkins
Cc: Neufeld, Eva; Concannon, Ruth; Edward Smith
Subject: Re: Fwd: Northern Border Stipulation
This is to confirm that in light of the favorable decision from FERC on the
Tanaska complaint, we are going to use the draft i sent last evening, with
a few modifications that you are about to make. Please Fed Ex the signed
stipulation and a disk to Ed Smith, Cadwalader, Wickersham & Taft, 100
Maiden Lane, New York, NY 10038. Ed's direct dial number is 212.504.5790.
Mark Sherill and Ed will call the court to adjourn the hearing for two
weeks, at which time the stipulation will be considered. The stipulation
will be filed tomorrow and served. Thanks for your cooperation.
Mark C. Ellenberg
Cadwalader, Wickersham & Taft
1201 F Street, NW
Washington, DC 20004
202.862.2234
"Lenard M. Parkins"
<Lenard.Parkins@haynes To: [email protected]
boone.com> cc: [email protected]
Subject: Fwd: Northern Border Stipulation
Office:
05/15/02 11:33 AM
Here is a clean and black-lined draft of the Stipulation we talked about a
little while ago. If this is ok, call me and I will sign this Stipulation
and have it delivered to you by courier, if need be. Otherwise, I can sign
it, fax it to you and mail the original to you.
Let me know asap so that we can put this behind us.
You will take care of noticing out the matter of approving the
stipulationa and resolving the outstanding issues on Agreement T1060F for
two weeks from tomorrow.
Thanks
Lenny
Lenard M. Parkins
Haynes and Boone, LLP
1000 Louisiana Street, Suite 4300
Houston, Texas 77002-5012
Direct Phone-(713)-547-2008
Direct Fax-(713)- 236-5405
Main Phone-(713)-547-2000
Cell Phone-(713)-542-7225
[email protected]
----- Message from "Mark Sherrill" <[email protected]> on Wed,
15 May 2002 10:29:25 -0500 -----
To: "Lenard M. Parkins"
<[email protected]>
Subject: Northern Border Stipulation
Attached are a clean copy and a blacklined copy of the Haynes and Boone
version of the Stipulation.
(See attached file: 338900_2.DOC)(See attached file: Redline.Stip.rtf)
==============================================================================
NOTE: The information in this email is confidential and may be legally privileged. If you are not the intended recipient, you must not read, use or disseminate the information. Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.
==============================================================================
==============================================================================
NOTE: The information in this email is confidential and may be legally privileged. If you are not the intended recipient, you must not read, use or disseminate the information. Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.
============================================================================== |
Dave
It looks like we hit a home run.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/11/2000
10:18 AM ---------------------------
From: Kevin M Presto @ ECT 07/11/2000 09:54 AM
To: John J Lavorato/Corp/Enron@Enron
cc:
Subject: Bruce
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 07/11/2000
09:47 AM ---------------------------
George Hopley
07/11/2000 09:47 AM
To: Kevin M Presto/HOU/ECT@ECT, Tom May/Corp/Enron@Enron
cc:
Subject: Bruce
Ontario Power Generation and Bruce Power announce leasing agreement at Bruce
Nuclear
KINCARDINE, ON, July 11 /CNW-PRN/ - Ontario Power Generation (OPG) today
announced it has entered into a major agreement with Bruce Power Partnership
relating to the facilities at the Bruce nuclear site. Bruce Power is 95% owned
by British Energy plc. The transaction provides an opportunity for the two
main unions, the Power Workers' Union and The Society of Energy Professionals
on the Bruce site, to subscribe to 5% of the equity.
This public/private partnership involves a long-term lease agreement for
the Bruce A (3076 MW-currently in lay-up), and Bruce B (3140 MW) facilities.
The lease runs until 2018, with an option to extend for up to another 25
years. OPG will receive an initial payment of $625 M to be made in three
installments. A first payment of $400 M will be made on closing subject to
normal closing adjustments. The remaining $225 M will be paid in two
installments of $112.5 M each.
Bruce Power's annual payments include base and variable elements. The
variable elements include a share of the net revenue, and supplementary
payments for the management of used fuel. In total these payments are
estimated to be about $150 M in calendar year 2002.
Bruce Power will offer employment to all employees at the Bruce site,
other than those being retained by OPG. Employees remaining with OPG include
those that provide waste management and centralized nuclear operations support
services. The agreement is expected to close, subject to Bruce Power obtaining
the necessary licences, in the summer of 2001.
"Today's announcement is good news for employees, the community, the
electricity consumer and the shareholder" stated Ron Osborne, OPG President
and CEO. "This agreement injects private equity into the Bruce facilities
which in turn will provide new opportunities for employees and the community.
It is also a major step towards opening the Ontario electricity marketplace to
competition and providing electricity consumers with choice." Osborne noted
that an additional benefit of the agreement allows OPG to concentrate on
accelerating the performance improvements underway at its Darlington and
Pickering nuclear facilities while the new company focuses on the Bruce.
Nuclear safety continues to be of paramount importance for Ontario Power
Generation, and safety has been a key tenet for British Energy. Both companies
are committed to ensuring high safety performance standards.
"We are delighted to be announcing the creation of a new company. Bruce
Power will demonstrate that safety and commercial success go hand in hand,"
said Robin Jeffrey, Chairman and Chief Executive Officer of British Energy
Canada Ltd. "We have a high regard for CANDU technology and for the skill of
the staff at Bruce. We are confident that by working with the staff and the
unions, Bruce Power can achieve world class safety and commercial
performance."
To reduce its market dominance, OPG is required by conditions in its
operating licence granted by the Ontario Energy Board (OEB), to reduce its
share of generating capacity to no more than 35 per cent of that available to
the province 10 years after the market opens.
British Energy was selected following an extensive worldwide competitive
process over the last two years. They have significant operating experience
and a proven safety track record with a range of nuclear reactor types.
To close the transaction, Bruce Power will be required to secure licences
from the Canadian Nuclear Safety Commission (CNSC) and the Ontario Energy
Board. Bruce Power will be required to follow the stringent licensing and
operating requirements established by CNSC, formerly the Atomic Energy Control
Board.
Ontario Power Generation is a major North American electricity generating
company. OPG's principal business is the generation and sale of electricity to
consumers in Ontario and into the interconnected markets. OPG's goal is to be
a premier North American energy company, focused on low-cost power generation
and wholesale energy sales, while operating in a safe, open and
environmentally responsible manner.
British Energy PLC is the UK's largest electricity generator. British
Energy owns and operates 15 reactors in the UK and a further two in the United
States through its joint venture, AmerGen. British Energy's goal is to be a
worldwide electricity leader building on its "Safety First" culture and track
record of commercial success.
BACKGROUNDER INDEX
------------------
Safety:
1. OPG'S COMMITMENT TO NUCLEAR SAFETY
2. BRUCE NUCLEAR - SAFETY IS NUMBER ONE
3. INFORMATION ON CANDU REACTORS
4. EMERGENCY PLANNING IN ONTARIO
Financial:
5. OPG/BRUCE POWER LEASE AGREEMENT
6. NUCLEAR USED FUEL, WASTE MANAGEMENT AND
DECOMMISSIONING
7. CHRONOLOGY OF THE PUBLIC/PRIVATE PARTNERSHIP PROCESS
Employees:
8. WHAT HAPPENS TO EMPLOYEES
Transition:
9. REDUCING MARKET DOMINANCE
10. TRANSITION ARRANGEMENTS
11. NEXT STEPS
General.
12. ONTARIO POWER GENERATION
13. QUICK FACTS ON BRUCE NUCLEAR POWER DEVELOPMENT
SOURCE Ontario Power Generation Inc. |
Mark, note the feedback from the AA's, it is imperative that we get a handle
on this! Let me know when I can spring our plan on Jeff.
Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/26/2000
03:37 PM ---------------------------
Jere C Overdyke
07/26/2000 03:26 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: ENA Analysts and Associates
Attached is a memo regarding a meeting I had with our associates on July 17,
2000. Additionally, I met with Celeste Roberts on July 21 and held another
meeting with the Associates on same date.
The planned dinners with the associates as well as the proactive approach ENA
is taking with them is the correct course of action.
Jere
---------------------- Forwarded by Jere C Overdyke/HOU/ECT on 07/26/2000
03:06 PM ---------------------------
Jere C Overdyke
07/17/2000 02:53 PM
To: Ted C Bland/HOU/ECT@ECT
cc:
Subject: ENA Analysts and Associates
I met with 7 associates and 1 analyst over lunch to discuss the Analyst and
Associate Program. The major concern expressed by everyone in the meeting
was that the program has become a bureaucracy vs a meritocracy. According to
the Associates, the program has become inflexible on any issue and the only
feedback they receive is "go talk to Skilling if you don't like the
answers". Another major concern was compensation. After listening to the
comments, my conclusion is that there are some problems that need to be
addressed. Specific recommendations by this small group include (1) reduce
amount of time in program before promotion to manager from 18 months to 12
months, (2) increase Associates involvement in rotation decisions, (3)
explanations of why the program is structured in a certain way without
defensive comments of "go talk to Skilling", (4) generally, more of an open
market approach so that we are using a "carrot vs stick" method to motivate
behavior.
Let me know about the next meeting to discuss.
Jere
---------------------- Forwarded by Jere C Overdyke/HOU/ECT on 07/17/2000
02:23 PM ---------------------------
Enron North America Corp.
From: David W Delainey 07/14/2000 08:43 AM
Sent by: Kay Chapman
To: Sally Beck/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Wes Colwell/HOU/ECT@ECT,
Janet R Dietrich/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, W David
Duran/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT,
Mike Jakubik/HOU/ECT@ECT, Scott Josey/Corp/Enron@ENRON, John J
Lavorato/Corp/Enron@Enron, Rodney Malcolm/HOU/ECT@ECT, George
McClellan/HOU/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Jere C Overdyke/HOU/ECT@ECT, David Oxley/HOU/ECT@ECT, Kevin M
Presto/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, C John Thompson/Corp/Enron@ENRON, Max
Yzaguirre/NA/Enron@ENRON, James A Ajello/HOU/ECT@ECT, Edward
Ondarza/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT,
Mark Frevert/NA/Enron@Enron, Jean Mrha/NA/Enron@Enron, Julie A
Gomez/HOU/ECT@ECT
cc: Patti Thompson/HOU/ECT@ECT, Catherine DuMont/PDX/ECT@ECT, Marsha
Schiller/HOU/ECT@ECT, Mollie Gustafson/PDX/ECT@ECT, Shirley
Tijerina/Corp/Enron@ENRON, Christy Chapman/HOU/ECT@ECT, Tina
Rode/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT, Stella L Ely/HOU/ECT@ECT,
Nicole Mayer/HOU/ECT@ECT, Tonai Lehr/Corp/Enron@ENRON, Kimberly
Hillis/HOU/ECT@ect, Ana Alcantara/HOU/ECT@ECT, Yolanda Ford/HOU/ECT@ECT,
Carolyn George/Corp/Enron@ENRON, Donna Baker/HOU/ECT@ECT, Rhonna
Palmer/HOU/ECT@ECT, Felicia Doan/HOU/ECT@ECT, Barbara Lewis/HOU/ECT@ECT,
Pilar Cerezo/NA/Enron@ENRON, Terrellyn Parker/HOU/ECT@ECT, Dusty Warren
Paez/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron,
Cherylene R Westbrook/HOU/ECT@ECT, Kay Chapman/HOU/ECT@ECT, Lillian
Carroll/HOU/ECT@ECT, Venita Coleman/Corp/Enron@Enron, Melissa
Jones/NA/Enron@ENRON
Subject: ENA Analysts and Associates
As you know the ENA OTC is actively working with the Analyst and Associate
Program to develop greater talent flow into ENA. We are presently working on
a number of initiatives to improve how this is working and significantly
improve communication flow and responsiveness. However in this regard we also
need you to help make sure we have clear lines of communication within ENA
regarding A&A resource levels, performance, rotations and retention efforts.
In this regard we would like for each of you to take the lead for your
groups needs and ensure that any requests, questions or concerns about A&A's
in your area are passed through you to either Ted Bland (ENA Recuitment Team
Lead - x35275) or Jana Giovannani (ENA liaison from the AA Program - x39233)
or myself. It is important that we are discerning about what we do with our
A&A resources and plan carefully and accurately for our future needs, in this
regard we need for you personally (or a senior member of your team who you
may optionally delegate this task to) will take the time to review any A&A
resource requests from your team before passing them onto us.
In addition, given the importance of these resources, we will be inviting you
to a regular bi-monthly meeting to discuss ENA A&A matters. We will confirm
the first date in due course. In the meantime if you would like to volunteer
another senior member of your team to assume this reponsibility please supply
their name as soon as possible.
Please call with any questions. |
Sara,
Mike Fowler forwarded me a copy of the prime broker clearing services
agreement sent to him by BuySide Direct, to facilitate the trading they would
like to do. We would like to comment on item #23. Input on #23 should be
Morgan Stanley and Goldman Sachs, the two prime brokers currently utilized
most by ECT Investments Inc. Sheila Glover asked me to review and forward
comments to you. The document looks like the standard prime broker clearing
services agreement that we have established in the past with other
executing/clearing brokers. If you need anything else, my number is
713-853-1439.
Thanks,
Theresa
---------------------- Forwarded by Theresa T Brogan/HOU/ECT on 08/22/2000
08:32 AM ---------------------------
Mike Fowler@ENRON
08/21/2000 11:05 AM
To: Theresa T Brogan/HOU/ECT@ECT
cc:
Subject: Online Trading Platforms
As noted below, we would like to establish agreements with several online
corporate bond trading platforms, including Buy Side Direct which will be
used for trading convertible bonds and associated equity hedges. As
suggested by Sheila, I will provide you with the agreement from Buy Side
Direct's clearing firm. Please complete the appropriate sections to allow
their clearing firm to clear in an account in the name of our prime broker
designated for our benefit.
Thanks.
Mike
x39990
---------------------- Forwarded by Mike Fowler/Corp/Enron on 08/21/2000
09:31 AM ---------------------------
Enron North America Corp.
From: Sheila Glover @ ECT 08/18/2000 04:28 AM
To: Ted Murphy/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
cc: Mike Fowler/Corp/Enron@ENRON, Jeff Kinneman/HOU/ECT@ECT, Madhur
Dayal/HOU/ECT@ECT, John Greene/HOU/ECT@ECT, David J Vitrella/HOU/ECT@ECT,
Selena Gonzalez/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Aneela
Charania/HOU/ECT@ECT, Samantha T Davidson/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron
Subject: Online Trading Platforms
Ted, Bill and Sara,
ECT Investments Inc. is wanting to establish execution only agreements for
on-line trading for the Convertble and credit books. These services are new
and the trading desk wants to be able to utilize.
We will establish only one relationship with ECT Investments Inc. at this
time and all clearance will be done through our prime brokers. [Books are
maintained separately at all prime brokers.].
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 18/08/2000 04:16
---------------------------
Mike Fowler@ENRON
17/08/2000 16:01
To: Sheila Glover/HOU/ECT@ECT
cc: Madhur Dayal/HOU/ECT@ECT
Subject: Online Trading Platforms
I'm working with Sara on legal issues related to Buy Side Direct. Is my
understanding correct that approval from Risk Control and Credit is required
to initiate trading, and that you are requesting their approval for Buy Side
Direct as well as the other sites listed below ?
Please let me know if I should be involved in this process. Any feedback
regarding expected timing of this approval would also be appreciated.
Thanks.
Mike
x39990
---------------------- Forwarded by Mike Fowler/Corp/Enron on 08/17/2000
01:55 PM ---------------------------
Mike Fowler
08/15/2000 10:21 AM
To: Sheila Glover/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT, Madhur
Dayal/HOU/ECT@ECT
Subject: Online Trading Platforms
I am requesting that online trading agreements be executed with the following
bond trading platforms which we are evaluating:
Site Initial Corporate Bond Categories * Type Site Status
Buy Side Direct Convertibles (+ Equity Hedge) ** Cross Matching Aug 15th
Launch
Trading Edge / Bond Link High Yield, Convertibles Cross Matching Live
LIMITrader High Yield, Convertibles Cross Matching Live
Market Axess Investment Grade Multi-Dealer *** August Launch
* Additional corporate bond categories may be added in the future. For
example, Market Axess expects to add high yield and convertible bonds within
3 to 6 months.
** John Greene is aware that convertible bond transactions through Buy Side
Direct will involve offsetting equity hedges.
*** We have execution agreements in place with all current Market Axess
dealers.
Potential benefits offered by online sites include trading flows and improved
execution efficiency. In addition, these sites provide opportunities for
generating demand for EnronCredit.com credit derivatives, given that users of
these sites are buyers or sellers of corporate credit risk. The ability to
trade will greatly enhance our evaluation of these sites.
As noted above, 3 of the 4 sites are cross-matching, where trading is
completely anonymous and the site's sponsor or clearing firm are the nominal
counterparty for all trades. One of the 4 sites will be a multi-dealer
system where counterparties transact directly with a particular dealer.
Trades for all sites would be cleared through prime brokers with whom we have
existing agreements.
As you suggested, we should ensure that agreements with online trading
platforms allow for trading by ENA, ECT Investments and EnronCredit.com. My
understanding is that Sheila's group would coordinate the opening of any
additional accounts required to facilitate trading by each entity.
I suggest that Madhur Dayal be designated initially at the person to receive
notification of material changes to agreements. We should retain the ability
to change this contact person.
Thanks.
Mike
x39990 |
HOTEL DISCOUNTS TRAVEL NEWSLETTER [IMAGE]
?THIS WEEK'S FEATURES, November 9, 2000
[IMAGE]
Hotel Special #1
New York
Info: Park Central
Rates from $135.95
1/01/01-3/31/00
Limited Availability
BOOK ONLINE
[IMAGE]
Hotel Special #2
Las Vegas
Info: Showboat Hotel & Casino
Rates from $39.95
12/10/00-12/24/00
Limited Availability
BOOK ONLINE
[IMAGE]
Hotel Special #3
San Francisco
Info: Ramada Plaza Int'l
Rates from $99.95
11/12/00-12/28/00
Limited Availability
BOOK ONLINE
Hotel Special #4
Anaheim
Info: Westcoast Anaheim
Rates from $59.95
11/9/00-12/31/00
Limited Availability
BOOK ONLINE
Hotel Special #5
Orlando
Info: Wellesley Inn & Suites
Rates from $59.95
11/13/00-12/23/00
Limited Availability
BOOK ONLINE
More Hot
Hotel Specials
We offer hotel discounts in many other major cities worldwide. For a list of
our top hotel specials in these cities.
- CLICK HERE -
CITY ON SALE
Chicago is on Sale With Rates As Low As $99.95 with its City-Of-The-Week
Promotion. Travelers will find additional discounts to HRN's already reduced
rates in Chicago. For the list of Chicago Hotel Specials and availability,
click here
REBATE UP TO $100!
Book 3 nights or more and get up to $100 cashback. For further details, click
here
EARN COMMISSION! PARTNER WITH HRN!
If you have a website and are interested in earning big commissions (some
earn more than $60,000 per month) and becoming an affiliate of Hotel
Reservations Network, click here
INTERESTED IN HIGHER OCCUPANCY AT YOUR HOTEL?
More than 100,000 people view HRN's website everyday! Now you can join our
fantastic service at NO COST to your hotel. For details, email Andy Pells at
[email protected] or - click here -
ADVERTISE WITH HRN Advertising is available on it's two websites,
hoteldiscounts.com and 180096hotel.com! HRN will also take bids for what is
the most targeted position of all on the bottom of every hotel confirmation
email as reservation has been made. Please contact Michael Stover at
305-892-6880 ext. 216
THIS WEEK'S ADVERTISERS
BID4VACATIONS.COM -
Ten-Night Tahiti Cruise with Air from LA - Bidding Starts at $1!
- click here -
Last 15 Cabins! Four-Night Caribbean Cruise for Two on Norwegian Majesty -
Buy Now for $299! - click here -
Plus, when you register at Bid4Vacations.com you will be entered to win a
FREE LAS VEGAS VACATION FOR TWO! Click here to visit Bid4Vacations.com -
click here -
TRAVEL DEALS AT TRIP.COM -
Always on the go? TRIP.com makes your travel planning easier with one-stop
shopping. And we've got hot new deals on airfare, hotel, and car rentals. -
click here -
DESTEO.COM -
Locate accommodations, research destinations, discover vacation activities
and more at www.desteo.com. Desteo offers the Web's most complete collection
of FREE travel guides, maps and brochures - plus a world of online
information like climate, language tips, local knowledge and more. So visit
Desteo today and just imagine where you could go. - click here -
CHEAPAIRLINES.COM -
CheapAirlines.com is an online real time discount travel agency, where you
can book domestic and international flights, arrange for rental cars and book
hotel rooms, all at the click of your mouse. You can either specify
particular airlines, rental car companies, hotel chains etc., or
CheapAirlines.com can search based on the lowest prices available. -
click here -
VEGAS4VISITORS.COM -
If you're thinking about a trip to Las Vegas you have to check out
Vegas4Visitors.com, the most comprehensive source for Las Vegas travel
planning information on the web. - click here -
REAL DISCOUNT GOLF TRAVEL -
Professional Golf Services offers: 1) Real Discount Golf Packages, 2)
Discount Accommodations & Golf Resorts, 3) Golf Travel Gift Certificates, Any
Amount for Any Destination, 4) Tee-Times at More Than 200 Golf Courses
"Golf Travel Gift Certificates.....Great for Christmas"
Great Christmas Gifts or for any occasion.....Give your friends, your spouse,
your family, your boss or other golfer a golf travel certificate. They may be
purchased for any $$$$ amount and for any destination. - click here -
CATALOGSAVINGS.COM -
World's Best Catalogs & Discount Shopping Certificates - Order them FREE!
Shop and Save on gifts, clothing, jewelry, gourmet, gardening, auto, books,
fitness, electronics, kitchen, toys and much more. - click here -
AWAY.COM -
Extraordinary Vacations at Affordable Prices from Away.com Away.com, the
leader in extraordinary travel, offers affordable trips for even the tightest
budget. Jamaica, Australia, Hawaii and more, all at less than $100 a day. -
click here -
CITYSEARCH.COM -
For happenings and activities in New York - click here -
THIS WEEK'S UNIQUE READER'S TIP Have a travel tip? Send your best tips regarding
any travel advice, travel experience or other travel-related stuff to
[email protected]
SUBSCRIBE AND UNSUBSCRIBE To Subscribe to the Hot Deals Travel Newsletter,
send a message to [email protected] If you want to
unsubscribe please see the footer at the bottom of this page.
DISCLAIMER Although every effort is made to ensure accurate information, HRN
is not responsible for any errors in this newsletter.
---
You are currently subscribed to clone as: [email protected]
To unsubscribe send a blank email to
[email protected] |
LEHMAN BROTHERS INC.
Analyst: Richard Gross
Telephone #: 212-526-3143
Headline: EOTT Energy Partners, L.P.: Downgrading to 2-Outperform
Industry: Energy & Power
Region: United States
Today's Date: 07/07/00
Ticker: EOT Fiscal Year: 12/31
Price: 14.13 52wk Range: 19 - 11
Rank(New): 2 - Outperform Target(New): 16
Rank(Old): 1 - Buy Target(Old): 16.5
----------------------------------------------------------------------------
-
EPS 1999 2000 2001 %Change
Act. Old New St.Est Old New St.Est
2000/2001
1Q 0.17 0.01 0.08A 0.08A - -E - -E 0.00E -53 -
-
2Q 0.09 0.14E 0.14E 0.14E - -E - -E 0.00E 56 -
-
3Q 0.02 0.16E 0.16E 0.16E - -E - -E 0.00E 700 -
-
4Q 0.08 0.13E 0.13E 0.13E - -E - -E 0.00E 63 -
-
----------------------------------------------------------------------------
-
Yr. 0.36 0.50E 0.50E 0.56E 0.64E 0.64E 0.65E 39
28
P/E 28.3 22.1
----------------------------------------------------------------------------
-
MARKET DATA FINANCIAL SUMMARY
Shares OutStanding (MM) 28.0 Revenue (B) 11.4
Mkt Capitalization (B) 0.4 Five-Year EPS CAGR - - %
Dividend Yield 13.4 Return On Equity (2000) - -
Convertible No Current Book Value - -
Float - - Debt To Capital - - %
Disclosure(s) A
----------------------------------------------------------------------------
-
INVESTMENT HIGHLIGHTS :
* We are downgrading EOTT Energy Partners to 2-Outperform from 1-Buy based
in
part on the reduced prospects for near-term acquisitions. We are also
reducing our price target from $17 to $16, which is based on a cash
distribution of $1.90 and a yield of 13.4%.
* We are concerned about the lack of near-term acquisition prospects for
EOTT, and the subsequent impact this will have on cash distribution
coverage levels. EOTT's coverage level of total units is estimated at 75%
for 2000 and 84% for 2001.
* EOTT's unit price is already up 9.1% through 2Q00 versus the S&P 500 which
is down 1.0% in the same period. We believe further unit appreciation
will
likely be inhibited until coverage levels improve.
WE ARE DOWNGRADING EOTT ENERGY PARTNERS TO 2-OUTPERFORM FROM 1-BUYBASED IN
PART ON THE REDUCED PROSPECTS FOR NEAR-TERM ACQUISITIONS. We are also
reducing our price target to $16 from $17, which is based on a cash
distribution of $1.90 and a yield of 13.4%. We are maintaining our earnings
estimates for EOTT at $0.50 for 2000 and $0.64 for 2001.
WE ARE CONCERNED ABOUT THE LACK OF NEAR-TERM ACQUISITION PROSPECTS FOR EOTT
AND THE SUBSEQUENT IMPACT THIS HAS ON IMPROVING THE CASH DISTRIBUTION
COVERAGE LEVELS.
We estimate that the total unit coverage level will be 75% in 2000,
increasing to 84% in 2001, assuming a cash distribution of $1.90 per unit.
EOTT will need to boost its distributable cash level by approximately $14
million in order to reach the 100% coverage level for all units in 2000.
Without making an acquisition, it is unlikely that EOTT will reach this
coverage level before 2002. Furthermore, although an acquisition would be
accretive in the long run, it would likely be dilutive to earnings and cash
in
the near-term. In the meantime, EOTT has coverage support from Enron
through
2001.
UNIT PRICE APPRECIATION IS LIKELY TO BE INHIBITED UNTIL COVERAGE LEVELS
IMPROVE FURTHER
EOTTs unit price has appreciated 9.1% through the end of 2Q00, as compared
to
the S&P 500, which is down 1.0% during the same time period. Including the
cash distributions, EOTTs return has been close to 16% so far this year.
____________________________________________________________________________
__
___________________________Company Description : - -EOTT is one of the
largest independent crude oil gathering and marketing companies in North
America. Crude is gathered from over 6,000 producers with ownership of over
40,000 wells. Common carrier and proprietary pipelines transport EOTT and
third party crude to market over a network of over 8,200 miles of
facilities.
This network moves over 500,000 barrels per day. EOTT also operates a small
gas processing plant and associated fractionation facilities to provide
blending stock for upgrading heavier, less valued crudes gathered in
California.
Margaret A. Connerty (212-526-3896) - [email protected]
____________________________________________________________________________
__
____________________________________________________
Disclosure Legend: A-Lehman Brothers Inc. managed or co-managed within the
past three years a public offering of securities for this company. B-An
employee of Lehman Brothers Inc. is a director of this company. C-Lehman
Brothers Inc. makes a market in the securities of this company.
This document is for information purposes only. We do not represent that
this
information is complete or accurate. All opinions are subject to change. The
securities mentioned may not be eligible for sale in some states or
countries.
This document has been prepared by Lehman Brothers Inc., Members SIPC, on
behalf of Lehman Brothers International (Europe), which is regulated by the
SFA. |
Wow!!!
Sounds great!!
It matches my interest exactly,
I really like it..
I'll send you an email after I talk with
my advisor tomorrow.
However I wonder
what will happen to work with DealBench team
if I join the project?
thanks for your quick response.
-----------------------------------------------------------------------
Jinbaek Kim
Ph.D Candidate
Dept. of Industrial Engineering and Operations Research
U.C.Berkeley
http://www.ieor.berkeley.edu/~jinbaek
Go Bears!
:"'._..---.._.'"; `. .' .' `.
: a a : __....._
: _.-0-._ :---'""'"-....--'" '.
: .' : `. : `,`.
`.: '--'--' :.' ; ;
: `._`-'_.' ;.'
`. '"' ;
`. ' ;
`. ` : ` ;
.`. ; ; : ;
.' `-.' ; : ;`.
__.' .' .' : ; `.
.' __.' .'`--..__ _._.' ; ;
`......' .' `'""'`.' ;......-'
`.......-' `........'
On Wed, 2 May 2001 [email protected] wrote:
>
> Jinbaek,
>
> This is a project related to automated trading platforms for commodities.
>
> Vince
>
>
>
>
>
> Jinbaek Kim <[email protected]> on 05/02/2001 05:21:40 PM
>
> To: [email protected]
> cc:
> Subject: Re: summer work..
>
>
> Dr. Kaminski,
> thanks for your mail.
>
> I am sorry that I'll not be available earlier,
> I will talk with my advisor, but
> probably it will be pretty negative.
> however, I may be able to start it from June1,
> depending on what he tells..
> We will meet tomorrow afternoon,
> so I'll be able to let you know
> whether we can start work earlier then.
>
> And could you tell me briefly
> what are those projects you have in mind?
>
> Thanks!
>
> -----------------------------------------------------------------------
> Jinbaek Kim
> Ph.D Candidate
> Dept. of Industrial Engineering and Operations Research
> U.C.Berkeley
> http://www.ieor.berkeley.edu/~jinbaek
>
> Go Bears!
>
> :"'._..---.._.'"; `. .' .' `.
> : a a : __....._
> : _.-0-._ :---'""'"-....--'" '.
> : .' : `. : `,`.
> `.: '--'--' :.' ; ;
> : `._`-'_.' ;.'
> `. '"' ;
> `. ' ;
> `. ` : ` ;
> .`. ; ; : ;
> .' `-.' ; : ;`.
> __.' .' .' : ; `.
> .' __.' .'`--..__ _._.' ; ;
> `......' .' `'""'`.' ;......-'
> `.......-' `........'
>
>
> On Wed, 2 May 2001 [email protected] wrote:
>
> >
> > Jinbaek,
> >
> > Thanks for your message.
> >
> > We have a number of additional fascinating projects that you can work
> > on. As a matter of fact, it would be great to have you here earlier.
> >
> > Vince
> >
> >
> >
> >
> >
> > "Jinbaek Kim" <[email protected]> on 05/02/2001 05:18:32 AM
> >
> > To: <[email protected]>, "Raghavan, Suresh"
> > <[email protected]>, "Mesquita, Ross"
> > <[email protected]>
> > cc: <[email protected]>
> > Subject: summer work..
> >
> >
> > Long time no see,
> > How have you been...must be busy and living a challenging life?
> > I have been pretty busy too,
> > to finish a project and write a paper, these days.
> >
> > Everything looks going OK for my summer internship.
> > I took necessary steps to work out of campus, and sent
> > signed contract to Molly a week ago..
> >
> > Here is what I am expecting to do in the summer.
> > Please let me know if you have any change in mind.
> > Actually, I wonder a little bit if DealBench changed its business
> model...
> > and maybe you got priority in something different
> > because it has been quite a while since we talked.
> > I'd like to what's going on in DealBench team...
> > Raghavan and Ross,
> > if we talk over phone it will be great!
> >
> > Dr. Kaminski,
> > If you think there is something else interesting to work with during the
> > summer,
> > to both you and I, please let me know.
> > My interest is auction, market design, and simulation.
> > I am taking a financial engineering class, (mostly on option pricing)
> > and working on electricity generator valuation problem based on
> > spark spread option.
> >
> > All of you,
> > Let's keep in touch until we meet in June!!
> >
> > Best Regards,
> > Jinbaek
> >
> >
> > Tentative Work Period: 6/4 - 8/4
> >
> > 1. Tasks:
> > 1) Survey on Auctions: the State of Art
> > Single-item auction, Multi-Unit auction, Sequential auction,
> > Multi-attribute auction, Combinatorial auction
> >
> > - Theoretical
> > - Experimental
> > - Algorithmical
> >
> > 2) Deal Bench's Auction Model Analysis
> >
> > 2. Deliverables:
> > 1) 3 Presentations:
> > - 1st presentation: around 6/30: on different auction types and
> > researches
> > - 2nd presentation: around 7/15: the State of Art in auction studies
> > - 3rd presentation: around 8/1: Deal bench's model analysis
> >
> > 2) Report:
> > Summary of auction study in laymen's term
> > Deal bench's model analysis
> >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
> |
Given the nature of the questions I agree verbal is the way to go. I'll try
and arrange. Is tomorrow ok?
Laine A Powell@ENRON_DEVELOPMENT
02/20/2001 08:13 AM
To: Rob G Gay/NA/Enron@Enron
cc: John Guidry/NA/Enron@Enron, Christiaan
Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard Vincent@ENRON
Subject: Questions re: Siemens Negotiations
Rob -
Recommend a call to discuss these issues with Brad. A written response will
probably put us in a letter "do" loop.
rgds
Laine
---------------------- Forwarded by Laine A Powell/ENRON_DEVELOPMENT on
02/20/2001 05:46 AM ---------------------------
Rob G Gay@ENRON
02/14/2001 05:50 PM
To: Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James
Guidry/GCO/Enron@ENRON, Christiaan
Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard Vincent/NA/Enron@Enron
cc:
Subject: Questions re: Siemens Negotiations
We will need to craft a response
---------------------- Forwarded by Rob G Gay/NA/Enron on 02/14/2001 09:20 AM
---------------------------
[email protected] on 02/14/2001 09:43:16 AM
To: [email protected]
cc: [email protected], [email protected], [email protected]
Subject: Questions re: Siemens Negotiations
Rob - We've reviewed your memo which sets forth general points of your
negotiations with Siemens. Following are comments and questions regarding
certain negotiated points:
EOT Claim Agreement
Owner must operate and maintain per O&M manuals and industry practices on oil;
if not, owner must correct items materially affecting Contractor's
commissioning
obligations
We observe that while this point places reasonable responsibility on the Owner
to correct problems that were a result of their commercial operations, it is
introduces an opportunity for the Contractor to place unfounded blame on the
owner for affecting the Contractor's ability to commission.
Risk of Loss remains with owner during commissioning on gas
We understand that the Facility is under the care, custody and control of the
Owner and that the Facility is currently operating under the insurance
coverage
intended for the commercial operating period (versus the construction period).
Please confirm that there is no reason to be concerned about insurance
coverage
if a problem arises resulting in material damage attributable to Contractor
action during commissioning on gas. We are also advising the Lenders to have
this point reviewed by an insurance advisor.
Degradation - agree to use curves with credit to owner for degradation during
commissioning
During our last conference call it was indicated that the first choice was to
test to determine degradation and the alternative was to agree on a set of
curves. It appears that Siemens was unwilling to agree to the test approach.
We observe that the curves used to determine owner credit may be biased to the
benefit of Siemens. We trust that your operations experts will diligently
review the basis for the curves.
Performance LD's on gas per the EPC contract with first $4,000,000 forgiven by
owner
Please explain the rationale behind forgiving $4 million of Contractor LDs.
Delay LD's on gas do not start until 60 days after performance test on gas
During our last conference call it was indicated that there would be a stand
down until 7/1/01 when gas is available, no LDs would be paid related to oil
firing performance, and that the LD clock would start if gas commissioning is
not complete within 60 days. We do not understand the above negotiated point.
Please confirm that our understanding is correct or clarify your negotiated
point.
TAA Agreement
No 12-month look back.
We assume that this negotiated point is related to the time period factored
into
the availability calculation for purposes of determining whether or not an
extension or additional work by the Contractor has been triggered as a result
of
dropping below the availability standards. Please explain how this negotiated
point affects the mechanics of the TAA and also please explain how
availability
will be calculated. As we noted during our last conference call, we are
concerned that Siemens believes that the availability value is not reduced if
maintenance work is being performed during periods when the Facility is not
being dispatched.
12 month Initial Guarantee Period, with the clock suspended for gas
commissioning unless owner delay.
We interpret the above negotiated point to mean that the 12-month clock for
the
initial guarantee period stops during commissioning regardless of how long it
takes the Contractor to commission on gas (unless delays are attributable to
Owner) and re-starts after Contractor has successfully completed the
performance
testing on gas. Please confirm that our understanding is correct.
In order to provide the lenders an adequate warranty period on gas (if
there are additional delays on the P/L) our Insurance group has indicated
that we will have no problem obtaining 12 months renewable business
interruption insurance when we go operational on gas. This should solve
the issue over the revised warranty with Siemens because it covers defects,
design, and workmanship on the turbines and includes lost profits, etc.
Incidentally, for insurance purposes the turbines are designated DE3 which
is not a new technology designation. The duration of BI coverage is 18
months per event with US$150,000 deductible.
Stone & Webster is advising the Lenders to have an insurance advisor review
this
point.
Thanks in advance for your response. Hope all is well.
Regards,
Bradley |
Commenting on his general perception of the settlement conference, the Chief
Judge, in his down home manner, did not miss the opportunity to say that &you
can take a horse to water but you can't make him drink.8 Below is a Cliff
Notes version of the Judge,s report and recommendation issued at 4:49 PM
today. Attached is the complete work.
The Judge opined that very large refunds would be due- &While the amount of
such refunds is not $8.9 billion as claimed by the State of California, they
do amount to hundreds of millions of dollars, probably more than a billion
dollars in an aggregate sum. (At the same time, while there are vast sums
due for overcharges, there are even larger amounts owed to energy sellers by
the CAISO, the investor owned utilities, and the State of California. Can a
cash refund be required where a much larger amount is due the seller? The
Chief Judge thinks not.8 Another notable quote: &(it is the opinion of the
Chief Judge that the amount claimed by the State of California has not and
cannot be substantiated.8
The Judge noted that he submitted a proposal of his own on July 5, which was
summarily rejected by the State of California, and that the five separate
offers of the various industry groups to settle with California were also
rejected.
Refund Effective Date- Refund effective date of October 2, 2000, for sales in
the spot markets of the CAISO and the Cal PX. The Chief Judge,s
recommendations do not go beyond that date. "Spot market" sales are "sales
that are 24 hours or less and that are entered into the day of or day prior
to delivery."
Evidentiary Hearing- &The differences between what the State of California
believes the buyers in the California markets are owed in refunds and what
the sellers in the California market believe should be refunded raise
material issues of fact. The appropriate numbers to calculate potential
refunds involve factual disputes. Thus, the Chief Judge recommends that a
trial-type, evidentiary hearing be ordered limited to a factual record to
apply to the methodology set forth below. Because of the urgent need for an
answer to the refund issues that hearing should be on a 60-day fast track
schedule. It is important that a single methodology be adopted for
calculating potential refunds in this proceeding. However, such a
methodology may not be appropriate for all sellers in the CAISO's and Cal
PX's spot markets in an after-the-fact refund calculation. In any event,
sellers not using the methodology should bear the burden of demonstrating
that their costs exceeded the results of the methodology recommended herein
over the entire refund period.8
Methodology- The Chief Judge recommends that the methodology set forth in the
June 19th Order be used with the modifications discussed below in order to
calculate any potential refunds that may be due to customers in the CAISO's
and Cal PX's spot energy and ancillary service markets for the period October
2, 2000 through May 28, 2001.
Heat Rate- The actual heat rates, rather than hypothetical heat rates
(associated with recreating the must-bid requirement of the June 19th Order)
provide the first step in calculating the cost of the marginal unit.
Gas Cost- The gas costs associated with the marginal unit should be based
upon a daily spot gas price. &In the event that the marginal unit is located
in NP15 (North of Path 15), the daily spot gas price for PG&E Citygate and
Malin should be averaged with the resulting gas price multiplied by the
marginal unit's heat rate to calculate a clearing price for that hour. If
the marginal unit is located in SP15 (South of Path 15), the daily spot gas
price for Southern California Gas large packages should be multiplied by the
marginal unit's heat rate to calculate a clearing price for that hour. The
daily spot gas prices should be for the "midpoint" as published in Financial
Times Energy's "Gas Daily" publication for the aforementioned delivery
points. The last published gas prices should be used in calculating the
refund price for the days that Gas Daily is not published (weekends and
holidays).8
O&M Adder- An adder of $6/MWh for O&M should also be included with the
calculated market clearing price.
Emissions Costs- Demonstrable emission costs should be excluded from the
market clearing price and treated as an additional expense that sellers may
subtract from their respective refund calculation.
Credit Adder- The 10 percent adder should be included in the market clearing
price for all transactions that occurred after January 5, 2001 when PG&E and
SoCal Edison were deemed no longer creditworthy.
Ancillary Services- Consistent with the June 19th Order, ancillary service
prices would be capped at the market clearing price established in the
real-time imbalance energy market. Adjustment bids would also be treated the
same as set forth in the June 19th Order.
Maximum Price for Non-Emergency Hours- Somewhat unclear. The Chief Judge
recommends that for purposes of recreating a competitive market for
calculating refunds, the refund methodology should deviate from the 85%
non-emergency requirement of the June 19th Order. To measure the amount that
actual prices may have exceeded the refund price, every hour should be
recalculated.
Offsets- &Recalculating the hourly competitive price for purposes of a
refund calculation would also permit the Cal PX and CAISO to resettle all
charges for the refund period. Amounts owed to sellers and outstanding
amounts due from buyers would be recalculated. Any refunds could then be
offset against accurate amounts receivable without sellers netting out any of
their purchases from the CAISO and Cal PX during the refund period.8
Interest- Interest should not be charged against any refund amounts unless
the refund amount exceeds the amounts that are past due to the seller. |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/02/2000
02:01 PM ---------------------------
Jim Dyer <[email protected]> on 05/02/2000 12:04:06 PM
To: "'[email protected]'" <[email protected]>
cc: Sheridan Titman <[email protected]>
Subject: RE: Real Options
Vince,
If you take a cab, ask them to take you to the College of Business
building at the corner of 21st and Speedway. The main entrance to the
business school is on Speedway, across from the old gymnasium. Come in the
main entrance, which has a large, glass structure, and you will be on the
second floor. Go to your left and ride up the first set of escalators to
the third floor. When you step off of the escalators, you'll be facing
north and continue in that direction through two sets of glass doors into
the northern side of the building. This is where most faculty offices are
found. My office is 3.218, which is in the northwest corner of the
building.
If you have any problems, you should be able to ask directions from
most anyone in the halls. I will look for you around 11:00 on Thursday, and
will be happy to provide any other transportation that you need. Please let
me know if you have any other questions.
Jim
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Tuesday, May 02, 2000 9:23 AM
To: [email protected]
Cc: [email protected]; [email protected];
[email protected]
Subject: RE: Real Options
Jim,
I can take a cab or get a rental car from the airport (thanks for your
kind offer).
I shall appreciate, however, if you could drop me off at the hotel before
dinner.
The time allocation for my speech is about right. I think I shall need
about 90
minutes.
Please let me know where we can meet on Thursday. I shall be at an
off-site
on Wednesday but you can reach me on my cell phone (713 410 5396)
and by sending a cc message to my AOL address: [email protected].
I look forward to meeting you.
Vince
Jim Dyer <[email protected]> on 05/01/2000 01:42:44 PM
To: "'[email protected]'" <[email protected]>
cc: Sheridan Titman <[email protected]>
Subject: RE: Real Options
Vince,
I could pick you up at the airport, or you could rent a car and come
to campus. I have made tentative plans for us to go to lunch with some
other faculty between 11:30 and 12:00, and then you would have some time to
visit with Sheridan and perhaps with some other faculty members as well
between lunch and my class.
Sheridan and a guest speaker from his class, Suresh Sundaresan from
Columbia, will be joining us for dinner. I could provide transportation to
your hotel, and pick you up for dinner as well if you consider that to be
the most convenient alternative.
I will have a PC available in the classroom, with Office 2000 and
windows NT. You could use powerpoint with no difficulty from that machine,
if that's most convenient. You could simply email the presentation, and I
would have it for you if you prefer.
How much time would you like? I would like to reserve about 30
minutes at the end for a general discussion of issues related to real
options, and about 30 minutes at the beginning of class for some remarks
regarding the final assignment and a class evaluation by the students
(which
is required for all classes). At some point, we should take a brief break,
so that would leave approximately 1.5 to 2 hours for your presentation if
you would like that flexibility. Otherwise, I could take up the "slack".
I look forward to seeing you on Thursday.
Jim
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Friday, April 28, 2000 11:21 AM
To: [email protected]
Cc: [email protected]; [email protected]
Subject: Re: Real Options
Jim,
I am scheduled to arrive in Austin on May 4 at 10:32 a.m.
I shall be glad to join you and a group of your colleagues for lunch.
I am flying back to Houston Friday morning and we can meet for dinner
after
the class.
I shall have a Power Point presentation on my PC. I can also
prepare a set of transparencies if this is more convenient for you.
Vince
Jim Dyer <[email protected]> on 04/27/2000 05:44:51 AM
To: "'[email protected]'" <[email protected]>
cc: Sheridan Titman <[email protected]>
Subject: Real Options
Vince,
I am traveling at this time, attending a NSF meeting in Washington.
However, I wanted to touch base regarding plans for your presentation in my
class on real options next Thursday (May 4). As you recall, the class is
from 3:30 to 6:30, and you could plan to take a significant part of that
time for your presentation. Sheridan Titman has agreed to join us after
his
class at about 6:00 for a 30 minute "panel discussion" with the students on
issues related to real options in practice.l
I am not sure about your travel plans, but we would be happy to plan
lunch on Thursday with several of my colleagues. I would also be delighted
to be your host for dinner on Thursday night if that is convenient for you.
I'll be back in my office on Monday, and will look forward to
hearing from you.
Jim
James S. Dyer
Fondren Centennial Chair in Business
Department of Management Science and Information Systems
CBA 5.202
The University of Texas at Austin
Austin, Texas 78712-1175
Email: [email protected]
Telephone: 512-471-5278
Fax: 512-471-0587 |
Start Date: 4/22/01; HourAhead hour: 22; HourAhead schedule download failed.
Manual intervention required.
LOG MESSAGES:
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042222.txt
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
!!!Insufficient memory for this operation.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Insufficient memory for this operation.
Alias: dbCaps97Data |
-----Original Message-----
From: Ken Lay - Office of the Chairman
Sent: Friday, November 09, 2001 5:49 PM
To: DL-GA-all_enron_worldwide1
Subject: Enron Announces Plans to Merge with Dynegy
Today, we announced plans to merge with Dynegy, a major player in the energy marketplace and one of our largest counterparties. Dynegy is a great company with businesses very similar to our own. We believe merging with Dynegy is the best option to preserve our core businesses that you've worked so hard to build. Following are the major components of the transaction.
Deal Terms
-- The transaction will constitute a stock for stock exchange based on an exchange ratio of 0.2685 Dynegy shares for every Enron share. For example, each 1,000 shares of Enron stock will be converted to 268 shares of Dynegy upon closing, plus cash for fractional shares, upon closing.
-- ChevronTexaco owns approximately 26 percent of Dynegy's outstanding common stock. ChevronTexaco will invest $1.5 billion in Dynegy immediately and an additional $1 billion in Dynegy on closing of the merger. Dynegy will immediately invest $1.5 billion in cash in Enron's Northern Natural Gas subsidiary in exchange for preferred stock in Northern Natural Gas.
-- Total outstanding shares of the combined company are expected to be approximately 700 million shares.
-- The transaction is subject to shareholder and regulatory approvals, and is expected to close late next year.
Enron will have immediate access to Dynegy's $1.5 billion cash investment in Enron's Northern Natural Gas subsidiary.
Management of Newly Formed Company
Chuck Watson will be chairman and CEO of the newly formed company, which will be called Dynegy Inc., and Steve Bergstrom will be president and COO.
I will continue to serve as chairman and CEO of Enron until the transaction closes. I will not join the Dynegy Office of the Chairman. Greg Whalley will continue to serve as president and COO of Enron until the transaction closes. Then he will become an executive vice president of the new company and will join the Dynegy Office of the Chairman. Mark Frevert will continue as vice chairman of Enron.
Management from Enron and Dynegy will work together to ensure a smooth, efficient integration. The make-up of the integration team has not yet been determined.
The merger will be a long and complex process and is expected to close by the end of the third quarter 2002. This merger will create an enormous growth engine, providing great opportunities for our employees, shareholders and customers. As with any merger, some elimination of positions is almost inevitable, and one of our key tasks will be to identify the optimal structure of the new company. We hope to be able to address any need for work force reductions through attrition and hiring reductions. Clearly, we cannot rule out involuntary separation, but Dynegy is motivated to identify and retain the best talent from both organizations. I promise you that I will do everything I can to make this transition as smooth as possible.
As I said in my video, this is a day like no other in our company's history. We considered several options, but we believe that this merger with Dynegy is the best option to help rebuild investor and market confidence, strengthen our balance sheet and preserve our core businesses.
I know you have a lot of questions about this transaction and about next steps. We have a list of frequently asked questions posted at <http://home.enron.com/updates/>. If you have additional questions, please submit them to [email protected] <mailto:[email protected]>. We will post updates as soon as we have answers to your questions. If you receive any calls from the media, please refer them to our media team at (713) 853-5670.
I ask you to consider the enormously bright future of the newly formed company. Rather than closing doors, we are opening new ones, as this deal enables the customers and shareholders of both companies to participate in the tremendous benefit of the combined enterprise, including our market reach, financial strength and industry experience. Together, we will be a new merchant powerhouse.
And again, thank you for everything you have done for Enron.
Investors and security holders are urged to carefully read the joint proxy statement/prospectus regarding the proposed transactions when it becomes available, because it will contain important information. Investors and security holders may obtain a free copy of the joint proxy statement/prospectus (when it is available) and other documents containing information about Dynegy and Enron, without charge, at the SEC's web site at www.sec.gov. Copies of the joint proxy statement/prospectus and the SEC filings that will be incorporated by reference in the joint proxy statement/prospectus may also be obtained for free by directing a request to either: Investor Relations, Dynegy Inc., 1000 Louisiana, Suite 5800, Houston, TX 77002, Phone: (713) 507-6400, Fax: (713) 507-6808; or Investor Relations, Enron Corp., 1400 Smith Street, Houston, TX 77002, Phone: (713) 853-3956, Fax: (713) 646-3002.
In addition, the identity of the persons who, under SEC rules, may be considered "participants in the solicitation" of Dynegy and Enron shareholders in connection with the proposed transactions, and any description of their direct or indirect interests, by security holdings or otherwise, are available in an SEC filing under Schedule 14A made by each of Dynegy and Enron. |
Wanted to give you brief feedback on our efforts to become the 1st Fortune
500 Company that has a 100% green headquarters. We've established a
company-wide team and a working plan going forward, which includes:
1. EES commodity team is going to run the numbers for energy commodity for
facilities and give them a proposal by end of next week. While facilities
will not be part of the TX pilot, EES can arrange a financial deal for them
w/ an option of going physical on 1/1/02. EES commodity team will also let
the group know of the offer, in order to structure the REC deal. Depending
upon the savings that EES can offer to Facilities, we will determine any
"headroom" for REC purchases.
Note: It is not necessary for Facilities to sign a commodity deal w/ EES in
order for the "greening" of the building to go forward. The RECs can be
purchased and retired irrespective of the commodity deal with EES. HOWEVER,
it would be optimum for Facilities to sign on w/ EES and use the cost savings
toward purchase of the RECs. Facilities stated intent to do the latter.
2. Michael Payne and Mike Curry are going to be working on determining a cost
for the RECs. Michael initially projected $250,000 per year for the
requisite number of RECs to retire commensurate w/ the demand of the
building. This was at a cost of $8 per REC, which I believe is quite high.
I think they'll go for a $1-4 dollar range, bringing the cost down to a max
of $125,000. There's several ways to slice this end. We can provide some of
the RECs from the EWC facility and buy other RECs from the market in order to
minimize the cost impact of the REC purchases.
3. Next Thursday we will be able to get more of an exact figure on the
premium cost for the RECs (ie how much over the cost savings will the RECs
cost). We will then need to decide the following:
a. Would Corp/EHS being will to pitch in to cover any additional cost for
the RECs;
b. Pitching the idea to Skilling for buyoff, and payment for the RECs;
c. Possibly getting buyoff from the business units since this could change
what they are currently paying for power.
4. We discussed all of the above with Peggy Mahoney, and she asked us to take
a stab at a comprehensive press release announcing all of the bells and
whistles on the new building and our being the 1st Fortune 500 company to go
100% green in our headquarters. Catherine McKalip Thompson is working on
the first draft. We need to determine if we can get the "best" press for
this commitment (i.e. stories in the WSJ and NY Times). We determined that
the message would need to be targeted, specifying the terms of our
commitment....i.e. Enron makes a commitment for 3 years to provide 100% green
for its headquarters in Houston, making it the first Fortune 500 company
to.......
The goal is to have a final plan and decision by April 20th when Steve speaks
to high level executives at a prelude to Earth Day NY on the topic of Energy
Shock--Crisis or Opportunity: Building Economics and the Environment.
Mike, we'll definitely need your continued support and assistance,
particularly if this goes to Skilling. I'll keep you posted on the progress.
Stacey
----- Forwarded by Stacey Bolton/NA/Enron on 03/22/2001 03:14 PM -----
Stacey Bolton
03/22/2001 10:14 AM
To: Scott Gahn/HOU/EES@EES, James M Wood/HOU/EES@EES, Greg
Sharp/HOU/EES@EES, Richard Ring/HOU/EES@EES, Steve Woods/EPSC/HOU/ECT@ECT,
Michael Payne/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike
Curry/Enron@EnronXGate, Stan Dowell/HOU/EES@EES, Catherine
McKalip-Thompson/Enron Communications@Enron Communications, Peggy
Mahoney/HOU/EES@EES
cc: Michael Terraso/OTS/Enron@ENRON
Subject: Greening the Enron Building Mtg
The meeting is confirmed for today at 2:00 p.m. in 50 M03. There are a
couple of folks dialing in, and the number is 800-991-9019, passcode:
6775293#. I look forward to our discussion.
----- Forwarded by Stacey Bolton/NA/Enron on 03/22/2001 10:05 AM -----
Stacey Bolton
03/16/2001 05:04 PM
To: Scott Gahn/HOU/EES@EES, James M Wood/HOU/EES@EES, Greg
Sharp/HOU/EES@EES, Richard Ring/HOU/EES@EES, Steve Woods/EPSC/HOU/ECT@ECT,
Michael Terraso/OTS/Enron@ENRON, Michael
Payne/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike Curry/Enron@EnronXGate
cc: Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Peggy
Mahoney/HOU/EES@EES, Janel Guerrero/Corp/Enron@Enron, Jeffrey
Keeler/Corp/Enron@ENRON, Catherine McKalip-Thompson/Enron
Communications@Enron Communications
Subject: Greening the Enron Building Mtg
You are invited to a meeting next Thursday (3/22) afternoon at 2:00 to
discuss energy commodity and renewable energy credits for the Enron Building,
Center and Stadium. There are a few efforts that are going on simultaneously
and I thought it would be a good idea for all of us to meet and get on the
same page. As many of you might know, Enron Wind (Michael Payne) and ENA
(Mike Curry) have a great proposal to retire renewable energy credits from
our Enron Wind facility to match the consumption of the building and stadium
(details attached below). If this proposal goes forward, Enron would be the
1st Fortune 500 company to "go green" in its headquarters building. Couple
this w/ our energy star award, and we have GREAT environmental messaging.
We'd like to highlight this announcement on Earth Day (April 22nd).
The facilities folks are interested in switching from Reliant to EES for
actual commodity. It makes sense to work strategically together on win-win
proposal that will not only make sense economically, but that we can use in
our messaging. The focus of the meeting is to discuss the various proposals,
and steps for moving forward.
The meeting will be in EB50MO3 from 2:00-3:00. Please let me know if you or
someone from your group can attend.
Stacey Bolton
Environmental Strategies
Enron Corp
3-9916 |
Thanks for your reply, Dee!
From: Dee Svatos/ENRON@enronXgate on 04/12/2001 02:05 PM
To: Stanley Horton/Corp/Enron@Enron
cc:
Subject: RE: NBP Underwriting Group
Cindy:
Jerry said that Stan has reviewed this information, and is comfortable with
it, so there is no need to contact him for a response.
Thanks, Cindy.
Dee
-----Original Message-----
From: Stark, Cindy On Behalf Of Horton, Stanley
Sent: Thursday, April 12, 2001 1:06 PM
To: Peters, Jerry
Subject: Re: NBP Underwriting Group
Importance: High
Jerry:
Stan is in California at the KEYEX meeting today and tomorrow. What do you
suggest?
Cindy
From: Jerry Peters/ENRON@enronXgate on 04/12/2001 11:39 AM
To: Stanley Horton/Corp/Enron@Enron, Ben Glisan/HOU/ECT@ECT, Kelly H
Boots/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON
cc: Rod Hayslett/ENRON@enronXgate, Bill Cordes/ENRON@enronXgate
Subject: NBP Underwriting Group
Attached is a short memo on our selection rationale for the underwriting
group for a planned (mid-May) equity offering of about $130 - $150 million
for Northern Border Partners. Some of these firms may be contacting you, so
this should be helpful in fielding those calls. With this group we are
attempting to balance our placement into firms that have substantial NBP
holdings (UBS Warburg, AGE) and diversify and expand holdings in other major
systems (SSB, Banc of America, First Union). Please note that for the firms
not selected, i.e. Lehman, Goldman and Merrill, part of our rationale was to
hold these systems for a potential offering later in 2001 that could be
accomplished on a sole-managed basis for up to about $50 million.
Kelly: As Ben requested, the underwriting fees are expected to be about
4.25% and the breakdown by firm will be provided when we have determined the
allocations.
Let me know ASAP if you have any questions or concerns as we will begin
discussions with these firms tomorrow.
-----Original Message-----
From: Jesse, John
Sent: Thursday, April 12, 2001 8:03 AM
To: Peters, Jerry
Subject: NBP Underwriting Group
Importance: High
The following provides the rationale supporting the recommended underwriter
group for Northern Border Partner,s upcoming equity offering. Please note
that underlying the entire selection process is the fact that MLP units are a
specialized product sold to a more limited group of investors vis-.-vis
common stock. Thus, sheer underwriting bulk or equity league table position
of a given firm does not necessarily indicate the expected performance of
such firm in an NBP offering.
Lead Manager - Salomon Smith Barney
SSB controls an impressive retail distribution system that has a strong
appetite of MLP offerings. The visibility of NBP within their system has
increased recently as their MLP analyst has raised his rating on NBP to
"Outperform". SSB has served as a co-manager in past NBP offerings and has
performed well. Furthermore, due to their comparatively small allocations in
these deals as a co-manager, we are confident that their system has
significant untapped demand for NBP units.
Joint Lead Manager - UBS Warburg (f/k/a PaineWebber)
UBS has served a lead manager for the last two NBP offerings that were
conducted via the rapid placement (limited marketing) process, so they are
very familiar with NBP and provide very good analyst coverage. While we are
still confident that UBS will perform well and place a large number of units,
their allocations as lead manager in our past deals probably soaked up a
great deal of demand for NBP units within their system. Therefore, rather
than placing UBS in a situation where they would have to stretch to put away
a lead manager allocation, it was deemed prudent to slot them in the joint
lead role.
Co-Managers
Dain Rauscher and A.G. Edwards
Both firms have a strong mid-market presence and have demonstrated their
ability to place a significant number of NBP units in past offerings. These
firms have not participated in an NBP deal since 1997, so this offering
should generate strong demand. Also, Dain Rauscher was recently acquired by
Royal Bank of Canada, which provides commercial bank lending to NBP and NBPL,
so NBP will be able to leverage DR,s participation in future debt
transactions.
Bank of America and First Union
Bank of America has been a significant provider of commercial banking
services to NBP and NBPL over many years, while First Union recently became
an NBP lender in the March 2001 transaction. Both have retail distribution
systems available which currently hold a limited number of NBP units. Both
have participated in past MLP offerings, with Bank of America serving as a
joint lead for highly successful Williams MLP IPO.
Other institutions considered but not selected
Goldman Sachs & Lehman Brothers - Both firms support the MLP product
reasonably well and have demonstrated adequate coverage of NBP. Their
systems are geared towards institutional sales and high net-worth clients, so
their breadth of distribution for MLP units is more limited as compared to
SSB or UBS.
Merrill Lynch - Historically, this firm has not supported the MLP product
despite its natural appeal to Merrill,s average customer. Admittedly, their
new analyst has taken a more positive approach, but Merrill has not
participated in any meaningful way in several of the recent MLP offerings.
MSDW - NBP receives no coverage on the investment banking side and their
analyst has a &Hold8 rating on the units. |
-----Original Message-----
From: Rangel, Ina
Sent: Thursday, November 15, 2001 5:21 PM
To: Hogan, Irena D.; Villarreal, Alex; Bates, Kimberly; Rybarski, Amanda; Moore, Kevin G.; Presas, Jessica; Vuittonet, Laura; Young, Becky; Quezada, Daniel
Cc: Hardy, Kimberly; Panos, Jason; Hernandez, Jesus A
Subject: FW: Move Related Issues
ASSTS:
PLEASE MAKE SURE YOUR GROUPS ARE COMPLETELY PACKED BY 3:00 PM. THE MOVE TEAM WILL BE ON THE FLOOR BY 3:00 PM. REMIND YOUR GROUPS TO:
1. EMPTY VOICEMAIL
2. TAKE HOME LAPTOPS AND PALM PILOTS, IPAQ'S OR BLACKBERRY'S
3. TO BE HERE AT LEAST ONE HOUR PRIOR TO THEIR NORMAL TIME ON MONDAY MORNING. THE FLOOR WILL BE OPEN BY 5:00 AM
4. PACK HEADSETS. (BOX, BLACK WIRE TO EARPIECE AND BLACK CORD THAT CONNECTS UNDER DESK) ONLY LEAVE GRAY WIRES
LET ME KNOW IF THERE IS ANY QUESTIONS.
-----Original Message-----
From: Shepperd, Tammy R.
Sent: Tuesday, November 13, 2001 5:00 PM
To: Tijerina, Shirley; Hogan, Irena D.; Solis, Melissa; Bates, Kimberly; Harvey, Claudette; Black, Tamara Jae; Coleman, Venita; Rode, Tina; Holcombe, Tina ; Clyatt, Julie; Roberts, Chaun; Vuittonet, Laura; Jones, Melissa; Rangel, Ina; Presas, Jessica; Salinas, Michael; Collins, Angie; Finnels-Neal, La Donna; Snow, Dina; Villarreal, Alexandra; Young, Becky; Irvine, Geraldine; Rybarski, Amanda; Choate, Heather; Chapman, Christy; Leigh, Lorie; Zarsky, Lisa; Gordon, D'ann; Butler, Shelly; Noske, Linda J.
Cc: Schoppe, Tammie; Brooks, Loretta; Lopez, Susan; Duree, Janelle
Subject: Move Related Issues
As you all know, our move is scheduled for this weekend. Hopefully, you and your groups are all progressing well in your preparations for the move this Friday. Please take the time to read the information contained in this message because most of the information contains reminders or FYI items and will be important to you and your group. Please forward this to those in your group that may need this information.
? Voicemail instructions - Please have everyone in your group clear all new voicemail messages by 5:00 PM, Friday, 11/16. All saved messages, greetings and recorded names will be saved. If a message is left before cutover the message will be saved, but the message light will not be displayed when you arrive. As a precautionary meassure please check voice mail upon your arrival Monday morning even if the message light isn't on.
? Building access - ECS will not be available for general access until Monday morning at 5:00 AM. Due to the gas and power moves being combined, it is unlikely that the move team will be prepared for the POC's to come in on Sunday to unpack. (Separate instructions will be generated for those who are needed to test trading applications.) NOTE: Only those whose names have been approved and submitted to security will be allowed access on Sunday.
o Monday - 5:00 AM for all employees
? Security & badges - All POC team members should be familiar with the routes into ECS as we discussed at our recent move meeting. Please be sure to share this information with all of the people in your group. If you need additional copies of the floor plans that have the access routes highlighted, please contact Carli Smith (5-3473). Please stress to everyone to have their badges with them at all times. No one will be allowed access without their badge. If anyone tries to access the building from the garage via the skyring and they do not have their badge, they will be sent back through the garage to the street level to walk across the street to the round kiosk in the Enron building lobby to get a guest pass and then proceed back to ECS via the 2nd floor and the skyring.
? Move team colors - As mentioned at the move meeting, the following is a list of the color designations (vests) for the various teams that will be on the floor when we move in.
o Red - Move Team
o Orange - Desktop Support/IT
o Green - Telephony
? Newspaper subscriptions - The delivery location for all newspaper subscriptions need to be changed to ECS 05/06. It is our intention to have all daily newspapers delivered to the mail desk located in the ECS 2nd floor corridor. It will be the responsibility of the assistants to either pick up the papers for their group or designate someone in their group to pick up the papers. If your papers continue to be delivered to your old floor of ECN, contact Sunny Rodgers (3-6116).
? Move boxes - Please encourage your group to pack and bring no more than about 6 boxes per person. You may call Facilities (3-6300) if you need to request additional boxes.
? Move labels - If you run out of labels or if you are missing any labels, please call Carli Smith (5-3473) to have additional or missing labels printed.
? Laptops - Important - Please ensure that all cable locks have been removed from all laptop computers by 5:00 PM on Friday. If any cable locks are left on the computers they will be destroyed by the move team in order to move the computers as scheduled.
. Bottled water - Every kitchen has an ice machine that also dispenses filtered water. The large bottles of water (5 gallon) will not be allowed on the floor. We would also like to discourage the use of small bottles of water due to limited storage space and the availability of filtered water at several locations.
? Phone sets - Although most of you are aware of this, we just wanted to remind you that there will be only one phone on each desk - either a turret or an Avaya, but not both. Do not tag your phones, a new phone will be waiting for each person on their desk in the new building
I hope I have covered some of the outstanding questions or issues you might have, but if I have missed something, please let me know. Thanks so much for all your help and hard work. |
Dr. Lay:
You will be pleasantly surprised to receive this e-mail from an Enron
Employee.
Please note that you are the first and only person in Enron that will know
about the endeavors that this e-mail discusses.
Background:
In 1986 while I was taking a graduate course in Economics as part of my MBA
program, I started to think that there exists some similarities between
Economics and Thermodynamics. In 1988, I discussed my initial thoughts with
Dr. Ibrahim Oweiss, professor of Economics at Georgetown University and we
agreed to investigate this topic. Since that time, I worked with Professor
Oweiss on and off investigating the subject. In the last couple of years, we
started to make good progress, that was culminated recently by submitting
three papers for publication (see table below).
List of Papers
# Paper Title Abstract Status
1 On the Analogies between &Economics8 and &Thermodynamics8 Part I: &Basics8
This part identifies certain analogies between Economics and Thermodynamics.
The analogies between &Abilities8 and &Energy8, &Utility8 and &Work8,
&Capital8 and &Heat8, &Marginal Utility8 and &Pressure8, &Relative Income8
and &Temperature8, as well as &LABOR EFFORT8 and &Entropy8 are discussed.
This part concludes that the suggested analogies bring about new approaches
that will explain some economic complexities by borrowing or building upon
some concepts, theories and experiences in Thermodynamics.
Part II: &Applications8
This second Part builds upon the basics introduced in Part I where analogies
between Economics and Thermodynamics have been drawn. In this Part, the
application of the analogies is utilized to analyze some of the topics
economists deal with. This Part presents a fresh approach that holds
promising vehicles that can explain some of the paradoxes economists have
been facing for years. Submitted for publications as a working paper at the
Department of Economics at Georgetown University. (November 2000)
2 A New Approach to
&Production Theory8 This paper introduces a fresh approach to the Production Theory.
Unlike the conventional approach of relating production to Capital and Labor
along the line suggested by Cobb Douglas, the approach this paper takes is
relating the production to utility change which in turn is related to changes
in capital and labor effort.
This approach affords more generality and helps in the explanation of some
paradoxes that the Cobb Douglas theory could not explain. Submitted for
publications in &Economic Theory8, (October 2000)
3 The Capital Engine Concept This Paper presents a fresh approach that explains
several observations in economics.
The concept is used to discuss some of the trends the economic growth theory
exhibits.
It is also used to explain gains in productivity associated with technology
improvements.
The Capital Engine concept presented in this paper could serve as a basis for
new growth theory. Submitted for publications in &Economic Theory8, October 2000)
A fourth paper entitled "Innovation: Why" is under preparation. In this
paper, we are able to substantiate based on the concept of the Capital
Engine that innovation is the most important driver for economic growth. You
can see why I chose these two words in the title of the paper from my Enron
world.
I have been collaborating with Professor Oweiss on my own time and I am
pleased that we managed to get to this point. Professor Oweiss and I are now
convinced that we have reached some breakthroughs that could revolutionize
the study of Economics. We also feel that we can build further on what we
reached, and even making more valuable contributions.
I am sure that you will be pleased to learn of the above, of course being an
Economist you shall appreciate it even more.
As I reach this critical stage on our path of this research project, I would
like to seek Enron support in two areas:
I. Patent(s) / Copy Righting:
I feel that the contributions that are covered in the three papers are
original and may warrant patenting / copy righting.
Since I am the primary author of these papers I wanted to have some
credit go to Enron.
II. Grant / Sponsorship:
I feel that my endeavors which have been purely on my own personal time
so far, need to be replaced by a more concerted effort now that we have
reached a
critical mass. Towards this end, Dr. Oweiss and myself are taking steps
to get funding from the National Science Foundation for a joint research
project that
would be carried out through the Georgetown University.
I do not know of any particular programs within Enron that would afford
me the opportunity to complete a project like the one we are envisaging.
I feel that such a research program will be very valuable. I am further
convinced that such program will not be only of an academic value but it will
have
significant impact to the business world.
I trust that the publicity that Enron being the leading company in
innovation would get out of the success that I am hoping for the proposed
research project will be many folds the amount of money Enron would
contribute to the proposed effort.
I would be delighted to send you copies of the three papers and / or make a
brief presentation on the subject.
I wish to thank you for taking the time to read the above e-mail amid your
busy schedule.
Regards,
Hemmat Safwat
General Manager,
Development Engineering
Enron Middle East
I |
Total Trades for Day 334
EOL Trades for Day 184
ICE Trades 51
EPMI ICE Trades 8
EOL Deals From: 11/01/2001 To: 11/20/2001 EnPower From: 11/01/2001 To: 11/20/2001
Desk Total Deals Total MWH Desk Total Deals Total MWH
EPMI Long Term California 582 9,825,856 EPMI Long Term California 56 2,013,529
EPMI Long Term Northwest 306 4,335,200 EPMI Long Term Northwest 138 3,635,854
EPMI Long Term Southwest 378 8,612,991 EPMI Long Term Southwest 241 16,728,723
EPMI Short Term California 1,508 1,984,552 EPMI Short Term California 544 1,243,338
EPMI Short Term Northwest 872 1,022,960 EPMI Short Term Northwest 375 638,357
EPMI Short Term Southwest 1,112 1,528,144 EPMI Short Term Southwest 586 2,306,551
Real Time 1,075 27,475 Real Time 439 38,577
Grand Total 5,833 27,337,178 Grand Total 2,379 26,604,929
EOL Deals From: 11/20/2001 To: 11/20/2001 EnPower From: 11/20/2001 To: 11/20/2001
Desk Total Deals Total MWH Desk Total Deals Total MWH
EPMI Long Term California 40 834,000 EPMI Long Term California 0 0
EPMI Long Term Northwest 27 376,000 EPMI Long Term Northwest 20 31,368
EPMI Long Term Southwest 12 140,800 EPMI Long Term Southwest 4 10,105
EPMI Short Term California 29 39,904 EPMI Short Term California 35 56,557
EPMI Short Term Northwest 6 7,400 EPMI Short Term Northwest 19 25,200
EPMI Short Term Southwest 24 24,600 EPMI Short Term Southwest 40 179,120
Real Time 46 1,150 Real Time 31 1,840
Grand Total 184 1,423,854 Grand Total 149 304,190
EOL Deals From: 11/20/2001 To: 11/20/2001 EOL Deals From: 11/20/2001 To: 11/20/2001
Long Term West Management Total Deals Total MWH Short Term West BOM Total Deals Total MWH
Daily 0 0 Daily 0 0
Month-to-Date EOL 9 2,200 Month-to-Date EOL 0 0
Enpower daily deals 0 0 Enpower daily deals 0 0
Month-to-Date Enpower 2 2,003 Enpower daily deals 0 0
EOL Deals From: 11/20/2001 To: 11/20/2001
EPMI California Services Total Deals Total MWH
Daily 0 0
Month-to-Date 0 0
Enpower daily deals 0 0
ICE Volumes From: 11/20/2001 To: 11/20/2001
Delivery Point Total MWH EPMI MWH Price
Cob (OP, Next Day) 1,000 0 $ 18.00
Mid C (HE 1700) 50 0 $ 18.00
Mid C (P, Next Day) 7,200 0 $ 17.83
Mid C (OP, Next Day) 9,000 0 $ 16.40
Mid C (P, Dec-01) 100,000 0 $ 30.57
Mid C (P, Mar-02) 10,400 0 $ 30.25
Mid C (P, Jul-02) 10,400 0 $ 32.25
Mid C (P, Sep-02) 9,600 0 $ 41.25
Mid C (P, Q1 02) 30,400 0 $ 31.50
Mid C (P, Q2 02) 30,800 0 $ 27.00
NP-15 (HE 1000) 50 0 $ 22.25
NP-15 (HE 1100) 50 0 $ 21.75
NP-15 (HE 1200) 50 0 $ 21.75
NP-15 (HE 1300) 25 0 $ 21.00
NP-15 (HE 1600) 25 0 $ 19.00
NP-15 (HE 1700) 50 50 $ 23.75
NP-15 (HE 1800) 50 0 $ 22.88
NP-15 (P, Next Day) 12,800 0 $ 22.31
NP-15 (OP, Next Day) 6,000 0 $ 19.25
NP-15 (P, Bal Month) 2,000 0 $ 25.25
NP-15 (OP, Bal Month) 1,600 0 $ 20.50
NP-15 (OP, Dec-01) 8,600 0 $ 26.00
NP-15 (P, Dec-01) 40,000 0 $ 33.00
Palo (HE 0900) 25 0 $ 17.00
Palo (P, Next Day) 16,800 4,000 $ 19.99
Palo (OP, Next Day) 3,000 1,000 $ 13.75
Palo (P, Bal Month) 10,000 0 $ 22.50
Palo (OP, Dec-01) 8,600 0 $ 18.75
Palo (P, Dec-01) 80,000 0 $ 27.81
Palo (P, Jan-02) 31,200 0 $ 30.57
Palo (P, Mar-02) 8,200 0 $ 21.25
Palo (P, May-02) 20,800 0 $ 34.38
Palo (P, Jun-02) 10,000 0 $ 43.25
Palo (P, Jul-02) 10,400 0 $ 55.00
Palo (P, Aug-02) 21,600 0 $ 60.63
Palo (P, Q3 02) 92,400 0 $ 55.08
Palo (P, Q2 03) 30,800 0 $ 38.75
Palo (P, Q3 03) 61,600 0 $ 57.38
SP-15 (HE 1000) 50 0 $ 19.00
SP-15 (HE 1100) 25 0 $ 21.00
SP-15 (HE 1200) 50 0 $ 19.75
SP-15 (HE 1300) 50 0 $ 21.38
SP-15 (HE 1400) 50 0 $ 21.38
SP-15 (HE 1700) 50 0 $ 21.38
SP-15 (HE 1800) 50 50 $ 19.75
SP-15 (HE 1900) 50 50 $ 23.25
SP-15 (P, Next Day) 28,800 0 $ 22.75
SP-15 (OP, Next Day) 7,000 0 $ 18.11
SP-15 (P, Bal Month) 4,000 0 $ 24.75
SP-15 (P, Dec-01) 30,000 0 $ 30.50
SP-15 (P, Q1 02) 60,800 0 $ 32.25
Grand Total 816,550 5,150 $ 1,373.08 |
"It's a Girl" performed by Weave Dance Company
Weave Dance Co. will perform May 24-26 at 8:00 p.m. at Stages Repertory
Theater, 3201 Allen Parkway at Waugh, Call 713-52STAGE for tickets. This
performance, called "It's a Girl!" celebrates pregnancy and motherhood.
Donations to the Houston Area Women's Center will be collected at the
performance. Any of the following items are welcome: non-perishable,
pre-packaged healthy food snacks such as granola bars and boxed juices, baby
supplies such as formula, diapers, wet wipes, baby lotion, baby shampoo,
pacifiers, socks, plastic bottles, diaper bags, crib sheets for portable
cribs and swim suits and flip flops for children age 4 and older.
Star Wars: Films (May 4-25)
See all four completed films of the legendary Star Wars saga on the big
screen! The MFAH presents special editions of Episodes IV-VI and Episode I in
the newly renovated Brown Auditorium with Dolby Digital dts sound and stadium
seating.
Star Wars: Episode IV-A New Hope
Directed by George Lucas
(USA, 1977, 125 min.)
Friday, May 4, 7:30 p.m.
Saturday, May 5, 11:00 a.m.
Star Wars: Episode V-The Empire Strikes Back
Directed by Irvin Kershner
(USA, 1980, 120 min.)
Friday, May 11, 7:30 p.m.
Saturday, May 12, 11:00 a.m.
Star Wars: Episode VI-Return of the Jedi
Directed by Richard Marquand
(USA, 1983, 132 min.)
Friday, May 18, 7:30 p.m.
Saturday, May 19, 11:00 a.m.
Star Wars: Episode I-The Phantom Menace
Directed by George Lucas
(USA, 1999, 133 min.)
Friday, May 25, 7:30 p.m.
Saturday, May 26, 11:00 a.m.
Tickets go on sale at the Brown Auditorium ticket booth 30 minutes before
show time. The ticket booth is located on the lower level of the Caroline
Wiess Law building.
General admission is $5. Matinee admission (show times before 5:00 p.m.) is
$4. Enron employees with ID receive a $1 discount. Discount passes (10
admissions) are $40 for nonmembers and $35 for members. Children 5 and under
are free. Films are screened in Brown Auditorium in the museum's Caroline
Wiess Law building, 1001 Bissonnet. Free parking is available. For more
information, please call 713-639-7515 or visit our website at www.mfah.org.
Mark Your Calendars!...Bring Your Child To Work Day will be Friday, June
29th. More details to come...See Volunteer section below to for volunteer
opportunities!
Join us in Dublin or Honolulu ----Joints in Motion is a marathon training
program for walkers and runners that is aligned with a fundraising effort for
the Arthritis Foundation - Please call for more information at
713-529-0800.
Many volunteers are needed to help with the planned activities for the Enron
Children on June 29th. If you're interested, send your name and phone
extension to workperks.enron.com.
Support KidSave and Help Miracles Happen. Every Summer.
Kidsave,s Summer Miracles Program enables orphaned children ages 5 to 11 to
travel to the US and Canada, live with families and attend day camp. The
program gives families who may be concerned about the problems of adopting
an older child a chance to meet, get to know and in the best-case scenario,
fall in love with a child. The program gives prospective parents an
opportunity to see and evaluate first-hand the challenges and rewards of
adopting an older child.
In 1999 and 2000 Kidsave and adoption agency partners placed 432 children -
96 percent of children who participated in the program. Generally, 85 to 90
percent of children who participate in the program find homes easily through
the program. The remaining 10 to 15 percent require more work.
Kidsave believes every child deserves a family. We are committed to placing
all children who participate in the Summer Miracles Program in permanent
families or family-like environments.
We are looking for families to host children, and for others who want to
help us make the camp program happen for these 250 children. As a
non-profit organization, Kidsave depends on donations to raise the money to
bring these children here and find them families. Please call Tonya Hoppe at
281.286.8948 or [email protected] to get involved in Houston,s Kidsave
program.
Enron and Kidventure Camps are proud to bring you Camp Enron Summer 2001.
Celebrating our third year, Camp Enron will once again be providing summer
camp for children, ages 5-13, of Enron employees and contractors.
This year, camp will be May 29-August 10. Ten, one-week sessions will be
available and families may choose to attend any or all sessions. Each camp
week is Monday through Friday.
The cost is $150 per week and includes all transportation, field trips and
activities. A deposit of $50 per week is all that is needed to reserve your
sessions. The deadline to register is Monday, May 21.
To register, log on to: http://www.kidventurecamp.com/camp_enron.htm.
Spaces are limited.
Enron parents simply ride to work with their children and check them in to
the Energizer in the morning with the Camp Enron Team. Enron Campers are
loaded on Coach USA Buses and transported to our nearby camp. At the end of
the day campers are brought back to the Energizer for parents to check out.
It's that easy!
For more information please contact:
web site: www.kidventurecamp.com
call Kidventure: 713.960.8989
e-mail: [email protected]
Have News to Share?
To post news or events in Enron In Action, please e-mail your information to
[email protected]
no later than 12:00 noon the Thursday prior to the next Monday,s mailing. |
---------------------- Forwarded by Greg Whalley/HOU/ECT on 09/13/2000 09:28
AM ---------------------------
Andy Zipper@ENRON
09/13/2000 09:24 AM
To: Greg Whalley/HOU/ECT@ECT
cc:
Subject: From today's NGI
I think we should discuss our response to this.
---------------------- Forwarded by Andy Zipper/Corp/Enron on 09/13/2000
09:16 AM ---------------------------
From: Bob Shults@ECT on 09/13/2000 09:03 AM
To: Andy Zipper/Corp/Enron@Enron, Louise Kitchen
cc:
Subject: From today's NGI
FYI
---------------------- Forwarded by Bob Shults/HOU/ECT on 09/13/2000 08:57 AM
---------------------------
From: Rahil Jafry
09/13/2000 08:57 AM
To: Bob Shults/HOU/ECT@ECT, Daniel Diamond/HOU/ECT@ECT
cc:
Subject: From today's NGI
EnronOnline Market Power Under Fire
The simmering pot of market concerns regarding the market power of
EnronOnline finally boiled over in public yesterday at Chicago's LDC Forum. A
representative from EnronOnline had to fend off verbal attacks from
competitors and from the audience, who criticized the system as giving Enron
the ability to manipulate prices and provide it with an unfair advantage over
competitors.
Scott Coleman, an official at Altra Energy Technologies, said proprietary
systems like EnronOnline, and systems being developed by a consortium of
large market players, represent a danger to the health of the energy industry
because of their current or potential market power. Altrade operates its own
independent online exchange that is one of Enron's biggest electronic
competitors. It differs from EnonOnline in that various buyers and sellers
trade with each other with Altrade serving to clear the transactions. On
EnronOnline, Enron posts bid and asked prices and is a party in every
transaction.
The proprietary EnronOnline trading system has been accused of market
manipulation mainly because of its tremendous growth since going live last
November and because of the market strength of its operator, Enron Corp.
Enron is the energy industry's largest marketer/trader/risk manager and one
of the largest natural gas pipeline operators. About 60% of its marketing and
trading business today is done over the EnronOnline system. Critics charged
that EnronOnline provides a tremendous advantage to its parent because all of
the transaction data is thrown into a historical database that is available
only to Enron.
EnronOnline has handled more than 280,000 transactions worth $140 billion
since going live. The proprietary system handles about 2,000 transactions
every day with a value estimated at $1 billion, and most of its online
business is natural gas and power sales and purchases.
Why has the system been so successful? It's free, easy to use, low risk and
there is a tight bid-ask spread, both EnronOnline and its competitors note.
There's no special hardware required; everything is on the web and a
transaction is as simple as a couple clicks of the mouse. It also provides a
broad variety of information, including prices on 1,000 products, and is
supported by the largest energy marketing firm. Although there are many other
systems out there, few if any have the content, ease of use and price
discovery of EnronOnline.
Critics claimed that power enables EnronOnline to "soak up liquidity" in the
marketplace, and in doing so give itself a tremendous advantage over its
competitors. With each trade, Enron gains a little bit more information about
its competitors' positions in the market.
"Over the long term I think the market will always correct itself," said
Altra's Coleman. "But in the short term, I think if any one player has enough
of a presence in any one market they can cause prices to move in one
direction or another."
EnronOnline Director Bob Shults said the company is simply "providing a
service for our customers, particularly a bid and ask. But I don't think
Enron has the ability to move markets. We are just putting a bid and ask out
there, and if people want to buy at our prices, then fine. If people want to
sell at our prices, fine then sell it. I don't think we have the market
manipulation capability people suspect... We are not bigger than the
marketplace."
When asked specifically about historical data collected on those who use the
system, Shults denied the company studies the buying and selling patterns of
its competitors with an eye toward manipulation --- sort of the "Big Brother"
of the energy marketplace.
"The historical information is not available," EnronOnline's Shults admitted.
"We just started calculating the indices and price reports... We are now
providing that information to the market so everyone else has that
information as well." He said Enron does not retain information about those
who use its system.
Shults did, however, warn that the system will make the U.S. energy market
much more closely connected to the global marketplace in the future. With
increasing demand for LNG imports and rapid price discovery of worldwide
commodities on EnronOnline, for example, market activity in Africa and the
Far East could have a more immediate impact on domestic markets.
Quoting analysis conducted by Forester Research Inc., Shults also predicted
electronic exchange revenues could grow from $500 billion this year to more
than $3 trillion in 2004-2005.
------------------------------------------------------------------------------
--
,Copyright 2000 Intelligence Press Inc. All rights reserved. The preceding
news report may not be republished or redistributed, in whole or in part, in
any form, without prior written consent of Intelligence Press, Inc.
Copyright ,2000 Intelligence Press Inc. All rights reserved. |
FYI...
Cargill Ferrous International is setup correctly in the Global Counterparty
System as a Division of Cargill, Inc.
Cargill Ferrous International is the full name of this division and setup as
such in GCP with a Sub-to-Legal Link
to Cargill, Inc. per GCP procedure.
Also, the Global SAP team (Cheryl Johnson) would need Legal Name Change
documentation from the Counterparty
in order to change this name.
Best Rgds.
Samuel x3-9890 (GCP)
Enron Net Works _ Global Data Management
From: Tana Jones on 03/28/2001 09:47 AM
To: Samuel Schott/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc:
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response
Any updates on adding the correct legal name to this counterparty name?
---------------------- Forwarded by Samuel Schott/HOU/ECT on 03/28/2001 12:53
PM ---------------------------
From: Samuel Schott 03/23/2001 11:25 AM
To: Stephanie Sever/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT, Walter Guidroz/NA/Enron, Tom
Moran/Enron@EnronXGate, Lisa Lees/HOU/ECT@ECT, Marilyn Colbert/HOU/ECT@ECT
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response
Hello,
Yes, GCP provides the links to establish the correlation between the parent
and child for our downstream systems.
GCP procedure is to create Counterparty names that reflect either the
Tradename / Division name or Parent Name - - not both simultaneously.
(Although, we have broken that rule for Legal in the past.) This defeats the
purpose of using a Tradename.
Best Rgds.
Samuel
From: Stephanie Sever
03/23/2001 10:21 AM
To: Tana Jones/HOU/ECT@ECT
cc: Samuel Schott/HOU/ECT@ECT, Walter Guidroz/NA/Enron, Tom
Moran/Enron@EnronXGate, Lisa Lees/HOU/ECT@ECT
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response
Tana,
Please review the process below:
With divisions, EOL does request a new Password Application for the
applicant reflecting the name as you noted below. When the company is set up
in the EOL database we link the company to the Parent and reference the CP
ID. Sam, please confirm, Global Counterparty also provides the links to
establish correlation between the parent and child for our downstream systems.
Let me know if this is the appropriate steps that you would like to see.
Thanks,
Stephanie
From: Tana Jones on 03/22/2001 06:03 PM
To: Samuel Schott/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc: Walter Guidroz/Enron@EnronXGate, Tom Moran/Enron@EnronXGate
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response
Sam & Stephanie,
Re: Cargill Ferrous International
It was my understanding with the EOL Team that all divisions would have the
legal incorporated entity as part of the name. Stephanie, I my preference is
to kick their Password Application back and get them to change it to read
something like "Cargill Ferrous International, a division of Cargill, Inc."
or "Cargill, Inc. acting through its Cargill Ferrous International Division".
Samuel Schott
03/21/2001 01:58 PM
To: Walter Guidroz/ENRON@enronXgate @ ENRON, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant
Reves/ENRON@enronXgate@ENRON, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/ENRON@enronXgate@ENRON, Cynthia
Clark/ENRON@enronXgate@ENRON, Enron Europe Global Contracts and
Facilities@ENRON, Enron Europe Global CounterParty/LON/ECT@ECT, Stephanie
Sever/HOU/ECT@ECT, Tom Moran/ENRON@enronXgate@ENRON, Claudia
Clark/HOU/ECT@ECT, William S Bradford/ENRON@enronXgate@ENRON, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim
Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/ENRON@enronXgate@ENRON, Kelly Lombardi/NA/Enron@Enron, Brian
Lindsay/Enron Communications@Enron Communications@ENRON, EOL Call
Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications@ENRON, Molly LaFuze/Enron
Communications@Enron Communications@ENRON, Danny Clark/Enron
Communications@Enron Communications@ENRON
cc:
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response
Any GCP adjustments will be highlighted in red.
Attn. GCP_London:
There's a new EOL Counterparty listed in the UK. Please respond.
Best Rgds.
Samuel x3-9890
ENW_GCP
From: Walter Guidroz/ENRON@enronXgate on 03/20/2001 05:30 PM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global Contracts and Facilities@ENRON, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom
Moran/ENRON@enronXgate, Claudia Clark/HOU/ECT@ECT, William S
Bradford/ENRON@enronXgate, Lisa Lees/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications,
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron
Communications@Enron Communications
cc:
Subject: EOL approvals, 3-20-01
Please see attached. |
"It's a Girl" performed by Weave Dance Company
Weave Dance Co. will perform May 24-26 at 8:00 p.m. at Stages Repertory
Theater, 3201 Allen Parkway at Waugh, Call 713-52STAGE for tickets. This
performance, called "It's a Girl!" celebrates pregnancy and motherhood.
Donations to the Houston Area Women's Center will be collected at the
performance. Any of the following items are welcome: non-perishable,
pre-packaged healthy food snacks such as granola bars and boxed juices, baby
supplies such as formula, diapers, wet wipes, baby lotion, baby shampoo,
pacifiers, socks, plastic bottles, diaper bags, crib sheets for portable
cribs and swim suits and flip flops for children age 4 and older.
Star Wars: Films (May 4-25)
See all four completed films of the legendary Star Wars saga on the big
screen! The MFAH presents special editions of Episodes IV-VI and Episode I in
the newly renovated Brown Auditorium with Dolby Digital dts sound and stadium
seating.
Star Wars: Episode IV-A New Hope
Directed by George Lucas
(USA, 1977, 125 min.)
Friday, May 4, 7:30 p.m.
Saturday, May 5, 11:00 a.m.
Star Wars: Episode V-The Empire Strikes Back
Directed by Irvin Kershner
(USA, 1980, 120 min.)
Friday, May 11, 7:30 p.m.
Saturday, May 12, 11:00 a.m.
Star Wars: Episode VI-Return of the Jedi
Directed by Richard Marquand
(USA, 1983, 132 min.)
Friday, May 18, 7:30 p.m.
Saturday, May 19, 11:00 a.m.
Star Wars: Episode I-The Phantom Menace
Directed by George Lucas
(USA, 1999, 133 min.)
Friday, May 25, 7:30 p.m.
Saturday, May 26, 11:00 a.m.
Tickets go on sale at the Brown Auditorium ticket booth 30 minutes before
show time. The ticket booth is located on the lower level of the Caroline
Wiess Law building.
General admission is $5. Matinee admission (show times before 5:00 p.m.) is
$4. Enron employees with ID receive a $1 discount. Discount passes (10
admissions) are $40 for nonmembers and $35 for members. Children 5 and under
are free. Films are screened in Brown Auditorium in the museum's Caroline
Wiess Law building, 1001 Bissonnet. Free parking is available. For more
information, please call 713-639-7515 or visit our website at www.mfah.org.
Mark Your Calendars!...Bring Your Child To Work Day will be Friday, June
29th. More details to come...See Volunteer section below to for volunteer
opportunities!
Join us in Dublin or Honolulu ----Joints in Motion is a marathon training
program for walkers and runners that is aligned with a fundraising effort for
the Arthritis Foundation - Please call for more information at
713-529-0800.
Many volunteers are needed to help with the planned activities for the Enron
Children on June 29th. If you're interested, send your name and phone
extension to workperks.enron.com.
Support KidSave and Help Miracles Happen. Every Summer.
Kidsave,s Summer Miracles Program enables orphaned children ages 5 to 11 to
travel to the US and Canada, live with families and attend day camp. The
program gives families who may be concerned about the problems of adopting
an older child a chance to meet, get to know and in the best-case scenario,
fall in love with a child. The program gives prospective parents an
opportunity to see and evaluate first-hand the challenges and rewards of
adopting an older child.
In 1999 and 2000 Kidsave and adoption agency partners placed 432 children -
96 percent of children who participated in the program. Generally, 85 to 90
percent of children who participate in the program find homes easily through
the program. The remaining 10 to 15 percent require more work.
Kidsave believes every child deserves a family. We are committed to placing
all children who participate in the Summer Miracles Program in permanent
families or family-like environments.
We are looking for families to host children, and for others who want to
help us make the camp program happen for these 250 children. As a
non-profit organization, Kidsave depends on donations to raise the money to
bring these children here and find them families. Please call Tonya Hoppe at
281.286.8948 or [email protected] to get involved in Houston,s Kidsave
program.
Enron and Kidventure Camps are proud to bring you Camp Enron Summer 2001.
Celebrating our third year, Camp Enron will once again be providing summer
camp for children, ages 5-13, of Enron employees and contractors.
This year, camp will be May 29-August 10. Ten, one-week sessions will be
available and families may choose to attend any or all sessions. Each camp
week is Monday through Friday.
The cost is $150 per week and includes all transportation, field trips and
activities. A deposit of $50 per week is all that is needed to reserve your
sessions. The deadline to register is Monday, May 21.
To register, log on to: http://www.kidventurecamp.com/camp_enron.htm.
Spaces are limited.
Enron parents simply ride to work with their children and check them in to
the Energizer in the morning with the Camp Enron Team. Enron Campers are
loaded on Coach USA Buses and transported to our nearby camp. At the end of
the day campers are brought back to the Energizer for parents to check out.
It's that easy!
For more information please contact:
web site: www.kidventurecamp.com
call Kidventure: 713.960.8989
e-mail: [email protected]
Have News to Share?
To post news or events in Enron In Action, please e-mail your information to
[email protected]
no later than 12:00 noon the Thursday prior to the next Monday,s mailing. |
Those are funny. Work is hectic, can't write much, but hope to find a time that you can come visit.
Stacey
-----Original Message-----
From: [email protected]@ENRON
Sent: Wednesday, December 05, 2001 2:00 PM
To: [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; White, Stacey W.
Subject: Fwd: FW: Fw: Signs that you've grown up.
Quite a few of these hit really close to home..........love, k
Return-Path: <[email protected]>
Received: from rly-yc02.mx.aol.com (rly-yc02.mail.aol.com [172.18.149.34]) by air-yc05.mail.aol.com (v82.22) with ESMTP id MAILINYC54-1205143907; Wed, 05 Dec 2001 14:39:07 -0500
Received: from transport.lamonsgasket.com ([65.68.83.8]) by rly-yc02.mx.aol.com (v82.22) with ESMTP id MAILRELAYINYC28-1205143831; Wed, 05 Dec 2001 14:38:31 -0500
Received: by transport.lamonsgasket.com with Internet Mail Service (5.5.2653.19) id <Y2NQQHV1>; Wed, 5 Dec 2001 13:39:04 -0600
Message-ID: <5A0A66DFBD66D51193EF00105A1F4FC90D88BC@transport.lamonsgasket.com>
From: Heather Rios <[email protected]>
To: "'Alan Peters'" <[email protected]>, "'Eric'" <[email protected]>, "'Chris'" <[email protected]>, "'summer m ruckman'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'Kevin Haase'" <[email protected]>, "'Jeff & Kristi Stegall'" <[email protected]>, "'Jason Harrison'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>
Subject: FW: Fw: Signs that you've grown up.
Date: Wed, 5 Dec 2001 13:38:55 -0600
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: text/plain; charset="iso-8859-1"
I thought this was very funny.
-----Original Message-----
From: Laurisa Langley
Sent: Wednesday, December 05, 2001 1:34 PM
To: 'Mom'; 'Debby Adams'; Summer Hardage; Lori Baker; Perry Harrell;
Heather Rios; Randy Dubcak; Ben Sonnier; Damon Sonnier; 'Rick Garton';
'Natalyn Royer'; 'Brian/Mollie Gold'
Subject: FW: Fw: Signs that you've grown up.
-----Original Message-----
From: bcabrero [mailto:[email protected]]
Sent: Wednesday, December 05, 2001 1:30 PM
To: [email protected]
Subject: FW: Fw: Signs that you've grown up.
-----Original Message-----
From: [email protected]
[mailto:[email protected]]
Sent: Tuesday, December 04, 2001 11:14 AM
To: Kana Tracy Ward; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; The Sears Family; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]
Subject: Fwd: Fw: Signs that you've grown up.
this covers just about everyone I know.
Unfortunately, the last one did apply to me. Happy Holidays. :-)
. 1. Your potted plants are alive. And you can't smoke a one of them.
2. Having sex in a twin-sized bed is absurd.
3. You keep more food than beer in the fridge.
4. 6:00 AM is when you get up, not when you go to sleep.
5. You hear your favorite song on an elevator.
6. You carry an umbrella. You watch the Weather Channel.
7. Your friends marry and divorce instead of hookup and breakup.
8. You go from 130 days of vacation time to 7.
9. Jeans and a sweater no longer qualify as 'dressed up.'
10. You're the one calling the police because those darn kids next
door don't know how to turn down the stereo.
11. Older relatives feel comfortable telling sex jokes around you.
12. You don't know what time Taco Bell closes anymore.
13. Your car insurance goes down and your car payments go up.
14. You feed your dog Science Diet instead of McDonald's.
15. Sleeping on the couch makes your back hurt.
16. You no longer take naps from noon to 6 p.m.
17. Dinner and a movie - The whole date instead of the beginning of one.
18. Eating a basket of chicken wings at 3 a.m. would severely upset,
rather than settle, your stomach.
19. You go to the drugstore for Ibuprofen and antacids, not condoms
and pregnancy test kits.
20. A $4.00 bottle of wine is no longer 'pretty good stuff.'
21. You actually eat breakfast foods at breakfast time.
22. "I just can't drink the way I used to," replaces "I'm never going to
drink that much again."
23. Over 90% of the time you spend in front of a computer is for real
work.
24. You don't drink at home to save money before going to a bar.
25. You read this entire list looking for one sign that doesn't apply to
you. |
They are on the way! I wanted to come up and see what your printer is doing, but it's already late, time got away from me. If you're still there, give me a call and I'll run them up there, otherwise I will interoffice them like before.
Cheryl
-----Original Message-----
From: Panus, Stephanie
Sent: Thursday, October 25, 2001 2:12 PM
To: Johnson, Cheryl
Subject: RE: Final Name Change Report for October 2001
Cheryl,
I am still not able to print the documents.
-----Original Message-----
From: Johnson, Cheryl
Sent: Wednesday, October 24, 2001 11:21 AM
To: Panus, Stephanie
Subject: RE: Final Name Change Report for October 2001
<< File: Amoco_Oil_Company.pdf_func=doc.pdf >> << File: Harbour_Petroleum_Company_Limited.pdf_func=doc.pdf >>
Stephanie, hope this works! I reduced the size before sending it to you, but if it doesn't work, give me a call. I send you hard copies. My fingers are crossed.
Cheryl x33103
-----Original Message-----
From: Panus, Stephanie
Sent: Wednesday, October 24, 2001 7:41 AM
To: Johnson, Cheryl
Subject: RE: Final Name Change Report for October 2001
Cheryl,
The scanned documents are too large to be printed on any of our printers up here. Therefore, can you please send me hard copies of the documents for Harbour Petroleum Company Limited and EP Exploration & Oil Inc.?
The IT dept has looked at our printers and nothing can be done to increase the memory so that I can print the scanned documents. I am going to have to request hard copies from you each month.
Stephanie Panus
-----Original Message-----
From: Johnson, Cheryl
Sent: Tuesday, October 23, 2001 5:55 PM
To: Adams, Laurel; Alexander, Lane; Alport, Kysa; Anderson, Bridgette; Arnold, Thu Pham; Aziz, Arfan; Balfour-Flanagan, Cyndie; Baughman, Edward D.; Baxter, Bryce; Bijuk, Kristina; Bike, Anne; Blanchard, Georgia; Blaschke, Jordis; Blay, Jennifer; Boas, Fred; Bowen, Bob; Brackett, Debbie R.; Bryan, Linda S.; Bussell l, Kathryn; Campbell, Lesli; Campos, Anthony; Campos, Sylvia A.; Carrington, Kelly; Cheung, Cecilia; Christie, Zoe; Coble, Boyd; Colbert, Marilyn; Coleman, Brad; Coleman, Tandra; Cousino, Lisa; Croucher Jr., Mike; Daniel, Philippa; Daniel, Shonnie; Dawes, Cheryl; Denton, Rhonda L.; Diamond, Russell; Dickson, Stacy E.; Douglas, Ralph; D'Souza, Romeo; Duggan, Caroline; Dupont, Sherry; Eiben, Michael; Elledge, Susan; Ellstrom, Diane; Enron Europe Global CounterParty,; Enron London - EOL Product Control Group; Espinoza, Veronica; Farmer, Daren J.; Fitzgerald, Genia; Foon, Hoong P.; Frayre, Imelda; Gardiner, Anna; Garner, Kate; Gay, Randall L.; Gilbert, Scotty; Gillette, Lisa; Gilley, Carolyn; Gonzales, Sharon; Goodbody, Winston; Gosalia, Amita; Gray, Palice; Griffin, Sherri; Guillen, Andrea R.; Gupta, Sanjeev; Hall, Bob M; Hall, D. Todd; Hardy, David; Hare, Bill D.; Harmon, Kenneth M.; Hedstrom, Peggy; Hernandez, Elizabeth L.; Herod, Brenda F.; Hilliard, Marlene; Hillman, Liz; Hlavaty, Nathan; Homco, Jim; Horn, Cindy; Hunter, Larry Joe; Hunter, Nicole; Huthmacher, Tammie; Jafry, Rahil; Jaquet, Tammy; Johnson, Rudwell; Jones, Tana; Kelly, Katherine L.; Kettler, Nanette; Klussmann, Troy; Knightstep, Melissa C.; Kyser, Ruby; Lamadrid, Victor; Lambert, Karen; Lancaster, Cregg; Landau, Georgi; Landry, Shemeika S.; Latham, Jenny; Laurant, Michelle; Lebrocq, Wendi; Lee, Paula; Lew, Elsie; Lewis, Andrew H.; Little, James; Loibl, Kori; Lombardi, Kelly; Lowry, Donna; Lytle, Scott F.; Machado, Matilda; Mack, Hillary; Mallory, Chris; Marron, Julissa; McKeel, Richard; McKinney, Lara; McLaughlin Jr., Errol; Mendoza, Nidia; Miley, Richard A.; Mills, Bruce; Mills, Scott; Mims, Patrice L.; Mitchell, Glenda D.; Moore, Jason; Moore, Tom E.; Moran, Tom; Morris, Jeremy; Morris, Michael; Muniz, Margaret; Negrete, Flavia; Newberger, Dale ; Ngo, Tracy; Nguyen, Margie; Nicholls, Debbie; Nowlan Jr., John L.; Oliver, Alan; Oliver, Jennifer; Palmer, B. Scott; Panus, Stephanie; Patton, Anita K.; Perkins, Regina; Perlingiere, Debra; Pinion, Richard; Platter, Phillip; Pollan, Sylvia S.; Powell, John D.; Product Control - Houston; Quick, Joan; Reeves, Leslie; Reves, Brant; Richardson, Stacey; Richter, Jeff; Riordan, Sean; Rivera, Oscar; Rodriguez, Bernice; Round, Samuel; Schoppe, Marilyn M.; Schott, Samuel; Scribner, James; Seib, Dianne; Shankle, Monique; Shealy, Nelda; Sheeren, Ryan; Shirley, Jim; Shivers, Lynn; Small, Michele; Smith, Mary; Smith, Shelli; Sorenson, Jefferson D.; Southard, Carrie; Stewart, Willie; Storey, Geoff; Suttle, John; Swinney, John; Symes, Kate; Terry Diel; Theriot, Kim S.; Thorne, Mark D.; Travis, Philippe; Trevino, Susan; Valderrama, Lisa; Vanek, Darren; Vargas, Daniel; Viejou, Claire; Villarreal, Elsa; Wallumrod, Ellen; Watson, Steve; Weinreich, Colette; Westin, Marie; White, Stacey W.; Williams, Jason R (Credit); Williams, Karin; Winfree, O'Neal D.; Winfrey, Christa; Wong, Jeremy; Wynne, Rita; Zeman, Angie
Subject: Final Name Change Report for October 2001
Attached is the final report for October, 2001, which includes a name overlay completed in GCP today.
Amoco Oil Company to BP Products North America Inc.
Click below, then click FETCH to view. The summary page includes changes made since 10/15/01. For more detail, refer to the bottom tab "Oct 2001"
http://nahou-dmagn01p/ena/livelink.exe?func=ll.login&username=GCPGuest&password=&nextURL=%2fena%2flivelink.exe?func=ll%26objId=11965334objAction=browse&sort=name
Shortname changes will be coordinated with ERMS IT, Friday October 26.
Records will be inactivated on November 1.
Cheryl Johnson
Enron Net Works
Global Data Management
713.853.3103 |
Matt-
I am unsure as to what Mike Dahlke is referencing when utilizing the term
"Business Model Patent". If you believe it appropriate, perhaps you could
clarify this with him.
I note, that yesterday I was requested by Mike Grimes to join in on a
conference call that was in progress. The question that Jae Moo had raised
was as to whether we could state to the Korean authorities that the Japanese
authorities had arrived at the conclusion that weather derivatives should be
categorized as a commodity derivative, as opposed to a financial
derivative. I informed the participants on the call that in Japan, weather
derivatives are considered financial in nature, most analagous under the
Japanese regulatory framework to FX and interest rate transactions. The basis
for this, is that there can be no physical delivery with a weather
derivative, as would be possible in a commodity type transaction, therefore
resulting in the classification of a financial derivative.
If I may be of further assistance, please contact me. My office phone number
in Tokyo is 81-3 5219-4578.
Cheers,
John
Matthias Lee@ECT
07/20/2000 02:32 AM
To: Alan Aronowitz/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Edmund Cooper/LON/ECT@ECT, John
Viverito/Corp/Enron@Enron
cc: Angeline Poon/SIN/ECT@ECT
Subject: Meeting with Kim & Chang - EOL Korean legal survey
Alan, Mark,David, John, Edmund
I had a telephone conference with Kim & Chang/Enron Korea this afternoon. The
meeting was initiated by Mike Dahlke (APACHI Regulatory Affairs) and Jae Moo
Lee (Enron Korea).
Attendence:
Mike Dahlke (Enron)
Jae Moo Lee (Enron)
Michelle Lee (Enron)
Matt Lee (Enron- by telephone)
SK Hong (Kim & Chang)
Summary of issues discussed:
1. Whether Weather Derivatives will be classified as a Commodity Derivative
or a Financial Derivative, since Korea has no experience with such a product.
2. Commodity Derivatives are defined in the FETR but does not seem to capture
Weather Derivatives as reference is made to products that can be delivered or
received. Financial Derivatives are not defined.
3. Commodity Derivatives require a prior reporting the the Bank of Korea for
each trade. Financial Derivatives require prior approval from the Bank of
Korea for each trade. Failure to make report or obtain approval means the
Counterparty would not be able to remit funds to make payment.
4. Bank of Korea has informally advised K&C that, for Commodity Derivatives,
the report can be made by the foreign counterparty (ie. Enron) and,
notwithstanding it ought to be a prior report, can be done as soon as
possible after the trade confirmation. However, Bank of Korea has the
discretion to reject any report made. This would make a trade effectively
unperformable or unenforceable.
5. Bank of Korea took on the role to receive such reports in April 1999 and
informally informed K&C that they have yet to receive a single report. Prior
to April 1999, reports were made to certain designated banks.
6. K&C advised that if the report is made by a Korean counterparty, it would
have to declare why it is entering into the transaction and the risk it is
hedging, but this requirement would not be applicable if the foreign
copunterparty makes the report. I am of the opinion that this statement
should be viewed with caution, especially since there is really no expereince
in Korea of such reports being filed with the Bank of Korea.
7. For Financial Derivatives, prior approval is required before a trade is
done and may take 3 to 5 days.
8. The reporting and approval requirements apply only to onshore Korean
entities.
9. In order to determine how Weather Derivatives would be classified, K&C
recommends approaching the Bank of Korea to make a detailed presentation. The
Ministry of Finance and Economy (which is the legislative authority) may have
to be approached if Bank of Korea is unable/unwilling to make a decision.
Such lobbying is likely to be protracted. I have asked K&C to make informal
enquiries as to whether Bank of Korea would likely classify Weather
Derivatives as Commodity Derivatives or Financial Derivatives, and whether it
would be receptive to presentation on Weather Derivatives.
10. K&C also advised that it would be preferred if the overtures to Bank of
Korea can be made by Korean companies with a real interest in doing Weather
Derivatives. K&C was of the view that Bank of Korea is conservative and may
view Enron with some suspicion as a foreign company "out to make lots of
money".
11. Mike Dahlke also brought up the issue of Business Model Patent in Japan
which he had spoken with John V. about. John - could you fill me in, in case
applicable to Korea?
It seems to me the main obstacle is the issue of reporting to/approval from
Bank of Korea. The reporting requirement applies to Liquid Fuel Derivatives,
and the approval requirement would apply to the Financial Derivatives
potentially offered out of Enron Japan. The Korean regulations do not seem to
accomodate prompt telephone derivative trading, let alone instantaneous
online derivative trading.
Please advise next steps, in particular, do the commercial guys want to
proceed with approaching Bank of Korea and how would it be coordinated.
Meanwhile, I attach my comments and queries of K&C's memorandum for your
review. Please let me know as soon as possible if you have other comments for
me to revert to K&C.
Regards
Matt |
[IMAGE]
May 08, 2001
Can't read this email? Click here
Issue#: e10405
PROVANTAGE Customer: [email protected]
To unsubscribe from the?
Original Advantage Click here
(Do Not Reply to this email)
Products that give you the Professional Advantage!
[IMAGE]
New!
Visor Platinum Graphite
By Handspring
Really fast. Because the Visor Platinum is 50% faster than the Visor Deluxe.
Which means you can organize your life really, really quickly. What's more,
...More
??$299.00
[IMAGE]
[IMAGE]
SpeedStream 5660 ENET ADSL Router
By Efficient Networks
The Efficient Networks DSL solution with advanced firewall functionality for
2-10 users
SpeedStream SOHO DSL Routers are designed for the small ...More
??$212.95
[IMAGE]
[IMAGE]
New!
Jornada 520 16MB RAM & 16MB ROM 240x320 Color
By Hewlett-Packard
A PC that fits your pocket and your life. The HP Jornada 520 Series color
Pocket PC lets you work where and when you need to. Not only will it help you
...More
??$320.95
[IMAGE]
[IMAGE]
ePhoto CL20 Digital Camera
By Agfa
Very affordable, the ePhoto CL20 is packed with great features, like a fast
USB connection and a Compact Flash card slot. Of course, the ePhoto CL20
takes ...More
??$112.95
[IMAGE]
[IMAGE]
YST-M40W 2-Piece Subwoofer System w/3D Surround
By Yamaha
YSTM40 Powered Multimedia Speakers
Features
The Yamaha YSTM40 is an Exceptionally Refined, High Output 24-Watt Speaker
System.
3D ...More
??$40.79
[IMAGE]
[IMAGE]
New!
ScanJet 7400c 2400dpi 48-Bit Color USB
By Hewlett-Packard
Targeted for business's with both image quality and document management users
(IT, MIS, and VAR's), as well as in-house publishers, graphic artists,
photographers, ...More
??$419.95
[IMAGE]
[IMAGE]
New!
Spressa CRX10U-A2 4x/4x/6x Rewritable Ext USB Prtb
By Sony
You've never seen anything quite like the Sony Digital Relay drive. First,
it's a portable CD-RW burner (computer required). Second, it's a stand-alone
...More
??$348.95
[IMAGE]
[IMAGE]
Cyclone Blower PC Fan
By Antec
Features & Benefits:
Fits into ANY expansion slot
Super Quiet - 3,200 RPM
Exclusive blade design - 40% more cooling effect than conventional ...More
??$14.84
[IMAGE]
[IMAGE]
New!
AUA-3100LP Kit USB2Connect HBA 3-Ext/1-Int USB 2.0
By Adaptec
USB 2.0 is the fastest USB standard yet released, supporting data speeds up
to 480 megabits per second (Mbps). That's 40 times faster than USB 1.1. It
...More
??$55.95
[IMAGE]
[IMAGE]
Stylus Color 980 Ink Jet 2880x720 13ppm USB
By Epson
Purchase an EPSON Stylus Color 980 Ink Jet Printer before July 31, 2001 and
receive a $50.00 mail-in rebate! ...More
??$214.95
[IMAGE]
[IMAGE]
Via Voice for Windows Pro Edition v8.0
By IBM Software
ViaVoice for Windows, Standard Edition is ideal for users wishing to dictate
text directly into the ViaVoice enabled word processor, SpeakPad, or directly
...More
??$158.95
[IMAGE]
[IMAGE]
AccuSync 90 19in/18v CRT Monitor
By NEC/Mitsubishi
The NEC Technologies AccuSync Series CRT monitors deliver the quality and
reliability traditionally seen only in pricier models. Designed specifically
...More
??$245.95
[IMAGE]
[IMAGE]
32x/8x/4x Int EIDE CD-RW w/Adaptec Easy CD Creator
By Philips
At last you can create and play your own audio, data, photo and video CDs and
re-work them as much as you want at faster speeds with this CDRW kit. It's
...More
??$120.46
[IMAGE]
[IMAGE]
Monarch Pro
By DataWatch
Monarch v5 Pro includes standard capabilities plus the ability to import and
join data from popular databases. Monarch offers improved ability to crunch
...More
??$387.75
[IMAGE]
[IMAGE]
ACS22 2-Piece Tower Speaker System
By Altec Lansing Technologies
Tower Speaker System Produces Powerful Audio Output
Produces powerful audio output from two satellites
Maintains a small footprint while ...More
??$21.59
[IMAGE]
[IMAGE]
USB Port PCI Adapter
By ADS Technologies
Just install this internal PCI card into your desktop PC and, instantly, you
can begin connecting USB peripherals. Connect USB-based printers, modems, ...
More
??$17.88
[IMAGE]
?
?
Web Address: www.PROVANTAGE.com?
?Toll Free: 800-336-1166???? Fax: 330-494-5260???? email:
[email protected]
Privacy Policy | Terms & Conditions | FREE Catalog
,2001 PROVANTAGE Corporation, 7249 Whipple Ave. NW, North Canton, OH 44720
Products, prices, terms, conditions, or offers may change at any time.
Company and/or product names are generally trademarks, or registered
trademarks of their respective companies. Some promotional text may be
copyrighted by the product's manufacturer.?
The Original Advantage promotional email is delivered only to customers of
PROVANTAGE Corporation. PROVANTAGE customers have purchased products in the
past and submitted their email address as part of the checkout process. Or,
customers have entered their name in the "Add to Email List" box on the
PROVANTAGE.com home page. Any customer may unsubscribe from the list at any
time by going to http://www.provantage.com/unsubscribe.htm. The email address
is permanently removed from additional promotional electronic mailings, and
will not be reactivated unless requested by the customer.??
[IMAGE]
BizRate Customer Certified (GOLD) Site |
COLUMBIA GAS TRANSMISSION CORPORATION
NOTICE TO ALL INTERESTED PARTIES
OCTOBER 25, 2001
Notice ID: 3206
5 - NO RESPONSE REQUIRED
SUBJECT: CAPACITY UPDATE EFFECTIVE FOR FRIDAY, OCTOBER 26, 2001
CHANGES ARE INDICATED WITH AN *
Effective Friday, October 26, 2001, capacities will be as follows:
Excess MDWQ Available +
ISS Withdrawals Available
SIT Withdrawals Available
Imbalance Drawdowns Available
Excess MDIQ NOT Available +
ISS Injections NOT Available
SIT Injections NOT Available
Imbalance Paybacks NOT Available
PAL Lends/Unparks Available
PAL Parks/Loan Paybacks NOT Available
+ Call Gas Control 24 hours in advance at (304) 357-2606 to request approval.
Non-firm receipt capacity will be as follows:
TENNESSEE:
Brinker (B12) 20,000
Broad Run (B9) 300,000
Cambridge (B10) 20,000
Dungannon (B11) 20,000
Highland (B17) 0 *
NOTE: GAS RECEIVED AT HIGHLAND MUST BE DELIVERED IN THE NORTHERN PORTION OF
MARKET AREA 38 OR THE NORTHWEST LATERAL OF MARKET AREA 36, DIRECTLY NORTH OF
HIGHLAND.
Milford (B18) 20,000
North Greenwood (B22) 0
Unionville (B15) 50,000
NOTE: EFFECTIVE THURSDAY, AUGUST 16, 2001, ANY SHIPPER UTILIZING A CONTRACT
THAT HAS A PRIMARY RECEIPT POINT(S) WITH THE FOLLOWING POINTS, MUST UTILIZE
THESE POINTS:
Brinker (B12)
Cambridge (B10)
Dungannon (B11)
Highland (B17)
Milford (B18)
Unionville (B15)
TEXAS EASTERN:
Delmont (C16) 0
Eagle (C22) 20,000
Hooker (C9) 20,000
Pennsburg (C23) 20,000
Windridge (C12) 20,000
NATIONAL FUEL:
Independence (M1) 0
Ellwood City (L1) 15,000
TRANSCO:
Downingtown (E3) 2,500
Emporia I (E13) 60,000
Rockville (E2) 0
Dranesville (E1) 0
EQUITABLE GAS: *
Hi Hat (F3) 0 *
KENTUCKY WEST VIRGINIA (KYWV): *
Beaver Creek (H1) 0 *
CNR PIPELINE: *
Boldman (CNR02) 0 *
Conoway (CNR03) 0 *
Johns Creek (CNR08) 0 *
Canada (CNR09) 0 *
Canada (CNR10) 0 *
Stafford (CNR11) 0 *
Thacker/Majestic (CNR12) 0 *
Briar Mtn. (CNR13) 0 *
Huff Creek (CNR14) 0 *
CONOCO: 0 *
Grant (P1) 0 *
NOTE: ANY APPALACHIAN PRODUCTION FLOWING DIRECTLY INTO COLUMBIA'S LINE KA
BETWEEN COLUMBIA'S BOLDMAN COMPRESSOR STATION AND COLUMBIA'S HUFF CREEK
COMPRESSOR STATION AS WELL AS PRODUCTION FLOWING INTO COLUMBIA'S LINES SM-116,
KA-15, PM-3, AND PM-17 IS 0 NON-FIRM. *
ALGONQUIN:
Ramapo (R1) 75,000
ANR:
Paulding/Cecil 30,000
(F1, A2)
LEBANON AGGREGATE 100,000
(A4, F2, C4, D3)
TOLEDO AGGREGATE 100,000
(A3, F4, 734462)
COLUMBIA GULF:
(801)
TCO-Leach 700,000
Internal point non-firm capacity will be as follows:
Lanham 0 *
Delivery capacity (non-firm) will be as follows:
TRANSCO:
Martins Creek 10,000
(MLI E5)
Young Woman's Creek 10,000
(MLI E9)
ALGONQUIN:
Hanover 0
(MLI R2)
EQUITRANS:
Fallen Timber 31,000
(MLI K1)
Waynesburg-Rhinehart 20,000
(MLI K2)
OPT-30 will be available in all market areas.
OPT-60 will be available in all market areas.
Market Area delivery capacity (non-firm) will be as follows:
Operating Area 1
Market Area 33 No Restrictions
Market Area 34 No Restrictions
Operating Area 2
Market Area 20 No Restrictions
Operating Area 3
Market Area 15 No Restrictions
Market Area 16 No Restrictions
Market Area 17 No Restrictions
Market Area 18 No Restrictions
Market Area 19 No Restrictions
Operating Area 4
Market Area 21 No Restrictions
Market Area 22 No Restrictions
Market Area 23 No Restrictions
Market Area 24 No Restrictions
Market Area 25 No Restrictions
Market Area 29 No Restrictions
Operating Area 5
Market Area 02 No Restrictions
Market Area 07 No Restrictions
Operating Area 6
Market Area 10 No Restrictions
Market Area 11 No Restrictions
Market Area 12 No Restrictions
Market Area 13 No Restrictions
Market Area 14 No Restrictions
Operating Area 7
Market Area 01 No Restrictions
Market Area 03 No Restrictions
Market Area 04 No Restrictions
Market Area 05 No Restrictions
Market Area 06 No Restrictions
Market Area 08 No Restrictions
Market Area 09 No Restrictions
Operating Area 8
Market Area 26 No Restrictions
Market Area 27 No Restrictions
Market Area 32 No Restrictions
Market Area 35 No Restrictions
Market Area 36 0 * Primary Receipts/Deliveries Only *
Market Area 38 No Restrictions
Market Area 39 No Restrictions
Market Area 40 No Restrictions
NOTE: GAS DELIVERED IN THE NORTHERN PORTION OF MARKET AREA 38 OR THE NORTHERN
PORTION OF MARKET AREA 36 MUST BE RECEIVED FROM TENNESSEE GAS PIPELINE AT
HIGHLAND.
Operating Area 10
Market Area 28 No Restrictions
Market Area 30 No Restrictions
Market Area 31 No Restrictions
If you have any questions, please contact your Account
Representative. |
Hey everybody. Enjoy!
Content-Transfer-Encoding: quoted-printable
Return-Path: <[email protected]>
Delivered-To: [email protected]
Received: (qmail 90923 invoked by uid 0); 23 Apr 2001 18:51:27 -0000
Received: from mail4.uswest.net (204.147.80.22) by dnvrpop4.dnvr.uswest.net
with SMTP; 23 Apr 2001 18:51:27 -0000
Received: (qmail 34733 invoked by uid 0); 23 Apr 2001 18:51:26 -0000
Received: from unknown (HELO ?10.93.5.70?) (205.169.187.6) by
mail4.uswest.net with SMTP; 23 Apr 2001 18:51:26 -0000
Received: from [10.93.20.211] by domino-mail01.integer.com with SMTP
(QuickMail Pro Server for Mac 2.0.1); 23-Apr-2001 12:35:52 -0600
Date: 23 Apr 2001 13:39:53 -0600
Message-ID: <[email protected]>
From: "Chris Maley" <[email protected]>
Sender: "Chris Maley" <[email protected]>
To: "ann fisher" <[email protected]>, "bill maley"
<[email protected]>, "brian jacobson" <[email protected]>,
"chuck stiebling" <[email protected]>, "sasha ali" <[email protected]>,
"merlin" <[email protected]>, "kate maley" <[email protected]>
Subject: Fwd: something groovy to do...
X-Mailer: QuickMail Pro 2.0.4 (Mac)
X-Priority: 3
MIME-Version: 1.0
Reply-To: Chris Maley <[email protected]>
Content-Type: text/plain; charset="US-Ascii"
X-Mozilla-Status2: 00000000
>
>
> > - The Dalai Lama said read it to see if it works for you.
> >
> > PERSONALITY TEST.
> >
> > Very interesting. Just 4 questions and the answers will surprise you....
> >
> > Do not cheat by looking up the answers. The mind is like a parachute
>works
> >
> > best when it is opened.
> >
> > This is fun to do, but you have to follow the instructions very closely.
> > Do
> > not cheat.
> >
> >
> >
> >
> >
> > MAKE A WISH BEFORE BEGINNING THE TEST!!
> >
> >
> >
> > A Warning! Answer the questions as you go along..
> >
> >
> >
> > There are only four questions and if you see them all before finishing
>you
> >
> > will not have honest results.
> >
> > Go down slowly and do each exercise as you scroll down. Don't look
>ahead.
> > Get pencil and paper to write your answers as you go along. You will
>need
> > it
> > at the end. This is an honest questionnaire, which will tell you a lot
> > about
> > your true self..
> >
> >
> >
> >
> >
> >
> >
> > Put the following 5 animals in the order of your preference.
> >
> > a. Cow
> >
> > b. Tiger
> >
> > c. Sheep
> >
> > d. Horse
> >
> > e. Pig
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Write one word that describes each one of the following:
> >
> > Dog
> >
> > Cat
> >
> > Rat
> >
> > Coffee
> >
> > Sea
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Think of someone (who also knows you and is important to you) that you
>can
> >
> > relate them to the following colors.
> >
> > (Please do not repeat your answer twice. Name just one person for each
> > color.)
> >
> > Yellow
> >
> > Orange
> >
> > Red
> >
> > White
> >
> > Green
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Finally, write down your favorite number and your favorite day of the
> > week.
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Finished? Please be sure that your answers are what you REALLY WANT.
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Look at the interpretations below: (but first before continuing, repeat
> > your
> > wish.)
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > This will define your priorities in your life.
> >
> > Cow signifies CAREER
> >
> > Tiger Signifies PRIDE
> >
> > Sheep Signifies LOVE
> >
> > Horse Signifies FAMILY
> >
> > Pig Signifies MONEY
> >
> >
> >
> > Your description of dog implies YOUR OWN PERSONALITY.
> >
> > Your description of cat implies the personality of your partner.
> >
> > Your description of rat implies the personality of your enemies.
> >
> > Your description of coffee is how you interpret SEX.
> >
> > Your description of the Sea implies your own life.
> >
> >
> >
> >
> >
> > Yellow: Someone you will never forget
> >
> > Orange: Someone you consider your true friend.
> >
> > Red: Someone that you really love
> >
> > White: Your twin soul
> >
> > Green: Someone that you will remember for the rest of your life.
> >
> >
> >
> >
> >
> >
> >
> > You have to send this message to as many persons as your favorite number
> > and your wish will come true on the day that you put. This is what the
> > Dalai
> > Lama has said about the Millennium -- just take a few seconds to read it
> > and
> > think.
> >
> > Do not put away this message, the mantra will come out from your hands
>in
> > the next 96 hours.
> >
> > You will have a very pleasant surprise. This is true, even if you are
>not
> > superstitious.
> >
> >
> >
> > Please do this. It is fascinating.
> >
> > SEND THIS E-MAIL MANTRA TO AT LEAST FIVE PERSONS AND YOUR LIFE WILL
> > IMPROVE
> >
> > 0-4 persons: Your life will improve slightly.
> >
> > 5-9 persons: Your life will improve to your liking.
> >
> > 9-14 persons: You will have at least 5 surprises in the next three weeks
> >
> > 15 or more persons: Your life will improve drastically and all that you
> > have always dreamed will take shape.
> >
> > If at any time you do not receive the smile you were expecting, be
> > generous
> > and give that person a smile.
> >
> > Because nobody has as much necessity of a smile than the person that
>does
> >
> > not know how to smile at others.
> >
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com |
I have created guidelines on how to do this. If you need to use them please feel free to come by my office or if you need some help I would be glad to help anyone who needs some.
Randy J.
-----Original Message-----
From: Buchanan, John
Sent: Thursday, November 08, 2001 9:27 AM
To: Berger, Larry; Bodnar, Michael; Kowalke, Terry; Schoolcraft, Darrell; Spraggins, Gary; Zadow, Raetta; Adams, Jean; Barry, Patrick; Benningfield, Robert; Blair, Jean; Bryan, Randy; Callans, Nancy; Carr, James; Clapper, Karen; Forbish, Sherry; Greaney, Chris; Hibbard, Scott; Janzen, Randy; Linhart, Joe; McDaniel, Janet; Perry, Renee; Porter, Diana; Scurlock, Debra; Sturr, Kathy; Vaughan, Cara; Walden, Shirley; Washington, Kathy; Wilkens, Jerry; Woodson, Harry
Cc: Blair, Lynn
Subject: FW: Marketing Dashboard Access
Lynn wants all the Customer Service Reps. to have access to the Dashboard. I cant send a single request for the teams so please follow the below instructions to request access to the Dashboard.
-----Original Message-----
From: McCary, Sandy
Sent: Wednesday, November 07, 2001 6:33 PM
To: Buchanan, John; Janousek, Martha
Cc: Blair, Lynn; Kowalke, Terry
Subject: RE: Marketing Dashboard Access
Please use e-Request ( <http://itcentral.enron.com/data/home/> ) to obtain access to the ETS Marketing Dashboard. Once logged in, do the following
Click on Update Account Access
Choose Applications
Region: ETS
Application: ETS Dashboard
Each individual desiring access to the Dashboard should submit an e-Request. If you have any questions, please give me a call.
Thanks,
Sandy McCary
Enron Transportation Services - IT
713 853-5996
-----Original Message-----
From: Buchanan, John
Sent: Wed 11/7/2001 3:52 PM
To: Janousek, Martha; McCary, Sandy
Cc: Blair, Lynn; Kowalke, Terry
Subject: RE: Marketing Dashboard Access
Sandy, there around 48 persons that Lynn wants access to the Dashboard please let me know what I can do to facilitate the process.
Thanks: John Buchanan
-----Original Message-----
From: Janousek, Martha
Sent: Wednesday, November 07, 2001 3:19 PM
To: Buchanan, John; McCary, Sandy
Cc: Barker, Courtney; Mason, Robert; Blair, Lynn; Kowalke, Terry; Ferguson, Mark
Subject: RE: Marketing Dashboard Access
John - Sandy McCary is the 'IT Head Honcho' of the Dashboard and she can take good care of you ... (smile) ....
Sandy - Please assist John Buchanan in setting up the list of Market Services' people with access to the Dashboard. Thanks so much! Martha
-----Original Message-----
From: Buchanan, John
Sent: Wednesday, November 07, 2001 8:43 AM
To: Blair, Lynn; Janousek, Martha; Kowalke, Terry
Cc: Barker, Courtney; Mason, Robert
Subject: RE: Marketing Dashboard Access
Martha, I am back in the office so can you please let me know what you need to set the below mentioned person up for the Dashboard. I also had access at one time and can no longer access the Dashboard.
John Buchanan
-----Original Message-----
From: Blair, Lynn
Sent: Tuesday, November 06, 2001 6:43 AM
To: Janousek, Martha; Buchanan, John; Kowalke, Terry
Cc: Barker, Courtney; Mason, Robert
Subject: RE: Marketing Dashboard Access
Martha, I would rather give the teams access to the Dashboard. John Buchanan will be back
in the office Wednesday. You can coordinate with him and Terry Kowalke to get everyone
set up. Thanks. Lynn
-----Original Message-----
From: Janousek, Martha
Sent: Monday, November 05, 2001 6:10 PM
To: Blair, Lynn
Cc: Barker, Courtney; Mason, Robert
Subject: RE: Marketing Dashboard Access
Lynn - Below is a list of people that Courtney Barker(in Marketing) sends a couple of reports on daily index prices to every month. Courtney is now posting these reports on the Marketing Dashboard. Would you like to give your employees below access to the Dashboard or does Courtney need to continue sending the reports via E:Mail? Please advise us and we will be glad to follow through. Thanks so much! Martha
-----Original Message-----
From: Barker, Courtney
Sent: Monday, November 05, 2001 11:19 AM
To: Janousek, Martha
Subject: RE: Marketing Dashboard Access
Yes, I am referring to the people in Market Services, here is a list of who I am sending it to:
Jean Adams
Robert Benningfield
Sherry Forbish
Chris Greaney
Scott Hibbard
Randy Janzen
Terry Kowalke
Joe Linhart
Janet McDaniel
Debra Scurlock
Kathy Sturr
Harry Woodson
They all appear to be some form of Market Service Reps.
Just let me know!
Thanks,
Courtney
-----Original Message-----
From: Janousek, Martha
Sent: Monday, November 05, 2001 11:13 AM
To: Barker, Courtney
Cc: Brennan, Lorna; McCary, Sandy; Mason, Robert
Subject: RE: Marketing Dashboard Access
Courtney - Clarification on .... (They have indicated to me that they do not have access to the dashboard. Do we need to get them access to the dashboard or should I continue e-mailing them the report at the end of each month?) Are you referring to people in Market Services and if so, what level are they? Martha
-----Original Message-----
From: Barker, Courtney
Sent: Monday, November 05, 2001 10:39 AM
To: Janousek, Martha
Cc: Brennan, Lorna; McCary, Sandy; Mason, Robert
Subject: Marketing Dashboard Access
Martha,
As you know, Sandy McCary assisted me in getting my daily spot file report and MIP reports posted to the Marketing Dashboard. At the end of the month, I send the MIP files to about 12 people in Marketing Services. I am no longer e-mailing the report to people in Marketing, since most are using the dashboard.
They have indicated to me that they do not have access to the dashboard. Do we need to get them access to the dashboard or should I continue e-mailing them the report at the end of each month?
Thanks,
Courtney Barker
(402) 398-7130 |
SIVY ON STOCKS from money.com
May 11, 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
**************************************************************
Special situations
These tips for identifying investment opportunities will help you find
stocks that can move up even when the stock market is flat on its back.
By Michael Sivy
As long-time readers of this column know, I like to focus mainly on the
biggest, most financially healthy companies. Such blue-chip growth stocks
are well-followed by Wall Street analysts and by the media, so their
prospects are generally reflected in the share price. Occasionally,
however, those stocks get undervalued -- but they generally return to fair
valuations within a few years. If you buy them when they're down, odds are
you'll at least match -- and probably slightly outpace -- the general
market over a decade or longer. (For a list of the stocks I think are most
worth tracking, see the Sivy 100.)
[ http://www.money.com/sivy100/ ]
There are, however, smart ways to enhance that basic strategy. Some
investors, for example, search for so-called "special situations," stocks
that will rise or fall based on unique events, like a takeover bid or a
corporate restructuring. Anticipating such events takes some savvy, but
there are guideposts that can help. One excellent source for those tips is
The Superstock Investor, a new book by Charles LaLoggia and Cherrie Mahon,
published by McGraw Hill.
I've known Charlie for more than a decade and he's spotted a lot of great
opportunities, particularly among midcap and smaller stocks that aren't
well followed by analysts. In fact, I featured one of his recommendations
in Sivy on Stocks last November 8 -- United Industrial [UIC], a small
defense-related company with little debt. Since then, the stock has risen
40 percent to $16 a share.
Since every special situation is different, the best way to learn about
them is to read through a lot of case studies -- and Charlie's book is full
of them. But he also lists a number of signs to watch for that can help you
identify a stock poised for big gains. The most important thing to remember
is that a special situation needs a catalyst that can unlock its value.
Here are 10 potential triggers:
* An outside investor files a 13-D form with the Securities and Exchange
Commission, revealing that it has accumulated more than 5 percent of a
company's stock.
* A company with one outsider that owns more than 5 percent of the stock
attracts other investors who buy big stakes.
* An outside owner announces that it is seeking ways to enhance shareholder
value or expresses an interest in selling its stake.
* A dispute about the best way to get the stock price up breaks out between
a company's management and a major outside shareholder.
* A company with one or more large outside owners announces a stock buyback
program, giving more influence to the biggest shareholders who will push to
get the stock price up.
* A company in a consolidating industry sells or spins off non-core assets,
thereby turning itself into a pure play that is likely to be even more
attractive to potential acquirers.
* A company in a consolidating industry announces a restructuring charge
that causes its share price to decline substantially, making the stock
highly attractive to potential acquirers.
* A company in a consolidating industry is partially owned by a brokerage
or buyout firm that could devise a strategy to boost the value of its stake.
* The founder of a company who owns more than 10 percent of the stock
passes away, removing potential opposition to an acquisition.
* A company that owns a stake in another company is itself acquired,
leading the acquirer to try to raise cash by selling the stake and putting
the company in play.
None of these factors by itself is a reason to invest in a company. But if
the stock is attractive on fundamental grounds, the chance that it will
turn out to be a special situation provides an enormous kicker.
###
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 <[email protected]>.
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 <[email protected]>. |
Suggested changes are highlighted below.
John Sherriff@ECT
04/24/2001 12:55 AM
To: (713) 529-7757, Ken Rice/Enron Communications, Kevin Hannon/Enron
Communications, Mark Frevert/NA/Enron, Greg Whalley/HOU/ECT, Mike
McConnell/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Joseph P Hirl/AP/ENRON@ENRON, Jeremy
Thirsk/AP/Enron@ENRON, Morten E Pettersen/AP/Enron@Enron, Nicholas
O'Day/AP/Enron@Enron, Jackie Gentle/LON/ECT, Richard Shapiro/NA/Enron@Enron,
Jeffrey McMahon/HOU/ECT, Jeffrey A Shankman/Enron@EnronXGate, Raymond
Bowen/enron@enronxgate, Joe Gold/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT,
Jeff Kinneman/HOU/ECT, Rebecca McDonald/ENRON_DEVELOPMENT, Carey
Sloan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brian Stanley/EU/Enron, Michael R
Brown/LON/ECT, Mark Evans/Legal/LON/ECT, Fernley Dyson/LON/ECT, Ted
Murphy/LON/ECT@ECT, Rick Buy/HOU/ECT, Richard Causey/Corp/Enron, Mark E
Haedicke/HOU/ECT@ECT, Drew C Lynch/LON/ECT, David Oxley/HOU/ECT@ECT, John J
Lavorato/Enron@EnronXGate, [email protected]
cc:
Subject: Draft Organizational Announcement about Japan
May I please have your comments if any on this draft by close of business
Wednesday. We hope to have agreed on the Q&A's by then and to send it out
the announcement on Thursday.
John
To be sent to: All Enron Europe, all employees in Japan, all Global Markets
and all VPs and up around the company
Enron has established several wholesale businesses in Japan in the last year
including Metals, Power Plant Development (via our investment in EnCom),
Coal, LNG & Weather. We see significant opportunities in each of these
businesses and we will continue to expand our presence in Japan in order to
capture these opportunities. However, while Japan continues to make progress
towards a liberalized electricity market, significant barriers to power
trading remain under the current interim market structure. Until further
tangible steps are taken to improve third party access for electricity in
Japan, we will suspend our power marketing efforts and focus on the
significant opportunities that currently exist in our other wholesale
businesses. [Any statement regarding our existing power sales commitment?]
Once the necessary regulatory changes have been completed we expect to
aggressively pursue Enron's traditional position as the leading buyer and
seller of electricity in every deregulated market.
We are making a number of organization changes in order to better align our
resources with the opportunities in the Japanese market. [deleted text] Joe
Hirl our President of Enron Japan will move to the Global Markets group and
lead a team that will focus on developing all our Global Markets
opportunities in Japan especially Weather, Oil, LNG, Coal, and
Shipping. We expect to continue our general recruiting of Japanese
nationals and as President of Enron Japan, Joe will continue to provide the
overall business leadership to both recruiting and the Analyst and Associate
program in Japan. The Finance origination team headed by Jeremy Thirsk will
continue to report to Joe and also move to Global Markets. Our power trading
group led by Morton Erik Pettersen will transition into other roles around
Enron. The Equity/FX/Interest rate team which is a part of Global Markets
has two employees in the Tokyo office today and they expect to expand their
efforts throughout the year.
The EnCom group, which is our power plant development business (with minority
partners) and headed by Carey Sloan will continue its efforts in developing
power plants in Japan. We are pleased with the progress we are making on a
number of sites and EnCom will continue to report to the Enron Europe Office
of the Chairman.
Our Metals team headed by Kazunari Sugimoto will continue to report through
Enron Metals in London.
By May we expect Enron Credit to have two to three employees in Tokyo pursing
the Credit Derivative business. These employees remain in Enron Credit , a
part of Enron Europe.
EBS has two employees headed by Jim Weisser and this team expects to expand
by year end.
The Industrial Markets team also expects to have two employees in the Tokyo
office in the next couple of months.
In the last seven months the commercial support services for Japan have been
transitioned to London for support and this is not changing. Jane McBride
heads the legal team and will continue to functionally report to Mark Evans,
General Counsel in London. The RAC function will continue to report to Ted
Murphy, head of RAC for Enron Europe. The Risk Management and Accounting
team is headed by Jan-Erland Bekeng will continue to functionally report to
Fernley Dyson in London. The IT, HR, Tax and real estate teams will also
continue to functionally report to London.
Nick O'Day who heads the Public Affairs group (Government & Regulatory
Affairs and the Public Relations) in Japan will report to the Enron Europe
Office of the Chair with a Public Relations functional reporting to Jackie
Gentle in London and a Government Affairs functional reporting to Rick
Shapiro in Houston. We anticipate that his team's efforts will be primarily
directed to supporting the EnCom power plant development team but they will
also continue to provide support for Global Markets, EBS & Industrial Markets.
We have already made considerable progress in breaking into the Japanese
markets across a wide range of Enron businesses and we anticipate that this
will provide significant profit growth for years to come. Through these
current changes we can demonstrate our ability to be flexible and target our
resources where they will realise the most immediate value for the company. |
Dear peter,
Right now, selected Legend Airlines flights are 10% off.
Legend has become the stuff of legends for offering you
the luxuries of first class at coach prices. Perks include a
private executive terminal at Dallas Love Field, reclining
leather seats in spacious two-by-two rows, and celebrity
chef-crafted meals served on china. Book by December 15,
2000.
http://redir.cq0.net/r/default.asp?R=00000844c000307e7
************************************************************
TRAVEL NEWS
************************************************************
Every week, we bring you the latest fare sales and travel
updates so you can make exactly the right travel choices.
America West: As low as $68 roundtrip, $298 coast to coast
All America West flights are on sale, for travel from
December 11 through March 1. Fly to the ski slopes, the
other coast, or the beach in Mexico. Don't delay --
December 5 is the last day to buy your ticket.
http://redir.cq0.net/r/default.asp?R=00000848d000307e7
Fly National Airlines and save
Book now and enjoy great fares: New York to Las Vegas
is just $258, and Miami to L.A. is $288. Book by December 8
for travel December 4 through February 14.
http://redir.cq0.net/r/default.asp?R=00000841d000307e7
Let us fly your family home for the holidays!
Expedia.com and MSN HomeAdvisor want to fly 10 members of
your family home for the holidays. Enter the Holiday Family
Reunion Giveaway by December 12, 2000. Good luck!
http://redir.cq0.net/r/default.asp?R=00000842f000307e7
See what's new in other places:
http://redir.cq0.net/r/default.asp?R=000008850000307e7
************************************************************
YOUR FARETRACKER LOW FARES
************************************************************
The airlines' lowest published fares,* plus the range of
fares found by Expedia.com travelers.**
You can change your Fare Tracker routes at:
http://redir.cq0.net/r/default.asp?R=0000088a5000307e7&qscr=subs
Check out all your route and fare options with our Flight Wizard.
http://redir.cq0.net/r/default.asp?R=000008854000307e7&GOTO=FLIGHTWIZ&rfrr=-70
5&EAPid=8510-1
Visit Airline Fare List to check out published fares on any route.
http://redir.cq0.net/r/default.asp?R=0000088a4000307e7&qscr=fpfl
************************************************************
SPECIAL DEALS
************************************************************
The best offers and promotions at Expedia.com, handpicked
to bring you exciting opportunities and excellent value.
Travelscape.com: Ski Killington, VT for as little as $400
Seven mountains, 31 lifts, and hot nightlife. Includes
airfare, two nights, hotel.
http://redir.cq0.net/r/default.asp?R=00000885c000307e7
Expedia Special Rate: Radisson Resort Acapulco from $79
Private beach, two swimming pools...you,ll never want to
leave.
http://redir.cq0.net/r/default.asp?R=00000885c000307e7
Expedia.com Cruises: Two-day Bahamas cruise as low as $179
Enjoy the beauty of the Bahamas on the &Fun Ship8 Tropicale.
http://redir.cq0.net/r/default.asp?R=00000885c000307e7
Away.com: Journey to Antarctica
Save 25% -- more than $1,800 per person -- on the
December 6 cruise.
http://redir.cq0.net/r/default.asp?R=00000885c000307e7
Looking for more great deals on Expedia.com? See our
Special Deals at:
http://redir.cq0.net/r/default.asp?R=0000088ad000307e7&qscr=spdl
Thank you for traveling with Expedia.com.
Expedia.com Travel Team
Don't just travel. Travel Right.(TM)
http://redir.cq0.net/r/default.asp?R=000008851000307e7
************************************************************
FROM OUR SPONSORS
************************************************************
Earn Five Free Nights at Hyatt or 12,000 Bonus Miles
With Nights After Nights, every eligible night you stay at any Hyatt
worldwide November 15, 2000 - February 28, 2001 can count toward five free
nights at Hyatt or 12,000 bonus miles with a participating airline partner.
For more information, click below.
http://redir.cq0.net/r/default.asp?R=0000088a6000307e7&url=http://www%2Egoldpa
ssport%2Ecom/nan7%2Easp%3Fadkey%3Dn7exb&image=http://ads%2Emsn%2Ecom/ads/EXPFT
R/001182480089_LG%2Egif
************************************************************
************************************************************
*The airlines' lowest published fares are the lowest
roundtrip fares published by the airlines for your routes.
These fares may not be available on the days you wish to
travel. Our Fare Calendar shows you when these fares are
available. To use Fare Calendar, click the link below:
http://redir.cq0.net/r/default.asp?R=000008855000307e7&qscr=ftap
**The range of recent fare prices found by Expedia.com
customers -- the lowest and highest fares found for your
routes -- can help you determine the ideal price for your route.
************************************************************
************************************************************
All Prices are quoted in U.S. Dollars.
You are receiving this e-mail because you are a registered
member of Expedia.com.
Questions?
Visit the Expedia.com Customer Support Center at:
http://redir.cq0.net/r/default.asp?R=0000088ae000307e7
If you do not wish to receive any further e-mails from us,
please reply to this mail with "unsubscribe" in the subject
line.
Sorry, but we can't reply to responses to Fare Tracker.
If you have questions or want to give feedback, please
go to:
http://redir.cq0.net/r/default.asp?R=000008859000307e7&qscr=comt&Calr=
(c) 1998, 1999, 2000 Expedia, Inc. All rights reserved
This email was sent to: [email protected] |
********************[ A D V E R T I S E M E N T ]****************
Stay on top of the market with Prudential Securities and
Dow Jones. Click on the url below to learn how you can receive
a 1-year subscription to The Wall Street Journal or
BARRON'S, FREE! http://www.money.com/prudentialsecurities
*****************************************************************
SIVY ON STOCKS from money.com
December 11, 2000
Bad news bulls
The news may be rotten for semiconductor stocks, but investors are betting
on a rebound for leaders like Intel.
By Michael Sivy
Over the past few months, I've been warning readers that the technology
sector remains in a broad downtrend that could last well into next year.
Nonetheless, when tech stocks have been beaten down badly enough, shares of
the strongest companies can rebound even in the face of continuing bad
news, provided their long-term prospects are good enough.
Exactly that sort of bad-news rebound has occurred for Applied Materials,
the leading maker of semiconductor manufacturing equipment. Last week I
wrote that the battered stock would remain volatile and could face a
further decline of 10 percent to 15 percent. But I concluded that the
shares were so cheap at $38.50 that the upside was 10 times as great as the
downside. That proved true a lot faster than I expected. In the five
trading days since that column ran, the stock has jumped 32 percent to
nearly $51 a share.
Admittedly, my good timing was largely luck, but the power of Applied
Materials' comeback is a signal that other leading semiconductor stocks
also may have fallen too far. As a rule, if you're considering stocks in
the midst of bad news, it's smartest to stick with industry giants that
have bullet-proof balance sheets. You can be confident that they'll ride
out whatever bad conditions lie ahead, and they may even benefit as smaller
competitors are forced to give up market share.
On that basis, I'd certainly be inclined to look at Intel. Though it's the
world's leading chipmaker, with $34 billion in annual sales, Intel has
spent the year fouling up. Among the more spectacular errors, the company
ran short of capacity because it underestimated demand last year and cut
back capital spending. In addition, glitches were discovered last summer in
Intel's turbocharged Pentium III, and many of the chips had to be recalled.
Frankly, none of those failures will have much long-term impact. Intel
remains the industry's 800-pound gorilla and long-term earnings growth is
projected at more than 20 percent a year. Most analysts see continuing
weakness in the chip market for the next six months, but see the cycle
swinging up by late next year.
In September, Intel warned that third-quarter earnings would be lousy, and
the stock fell by $13 to $48 a share. At the time, I wrote that the stock
was down to buyable levels but that it wouldn't rebound right away. Over
the next three months, Intel sank to less than $32 amid a general selloff
in technology. But after announcing on Friday that fourth-quarter results
would be disappointing because of soft personal-computer sales, Intel
rallied. On Monday, investors followed through by bidding the stock up
another $3.50 to $37.50.
Investors are clearly betting that the worst is over. And with the stock
only about 20 percent above its lows (and 50 percent off its highs), I
think it makes sense to get on board. After revising their 2001 estimates
downward, analysts expect Intel to earn about $1.50 a share next year. At
the current share price, that's a 25 P/E -- cheap for a 20 percent core
growth rate. If Intel is missing from your portfolio, this may well be your
best opportunity for years to come.
=============================
UPCOMING CHAT:
Monday, December 11 at 8pm ET, 5pm PT
Money.com presents Third Avenue Value fund manager Martin Whitman.
Join us for a discussion of how to pick the best value stocks, and
find out why Whitman's fund has received top ratings by Morningstar.com.
http://www.money.com/chat/ AOL keyword: LIVE
CHAT TRANSCRIPT
MONEY's Laura Lallos tells you how to select the best mutual funds
for you, and how to protect your investments in a volatile market.
http://www.money.com/chat/2000/001208a.html
=============================
###
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/
Earning Releases and Calls
For the latest corporate earnings releases and online conference
calls click on: http://money.ccbn.com
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
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 <[email protected]>.
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 <[email protected]>. |
I think they will struggle to get the 175 MM/d. Have you heard anybody else contemplating taking space on Western Frontier?
-----Original Message-----
From: Miller, Paul
Sent: Monday, October 29, 2001 5:15 PM
To: Whitt, Mark
Subject: RE: WESTERN FRONTIER PROJECT
Thanks for the information. I am a little surprised by Marathon.
-----Original Message-----
From: Whitt, Mark
Sent: Monday, October 29, 2001 9:15 AM
To: Bump, Dan J.; Harrison, Tyrell; Lucci, Paul T.; Miller, Paul
Cc: Grigsby, Mike; South, Steven P.; Ermis, Frank; Tycholiz, Barry; Reitmeyer, Jay; Fuller, Dave
Subject: FW: WESTERN FRONTIER PROJECT
-----Original Message-----
From: Miller, Stephanie
Sent: Monday, October 29, 2001 7:54 AM
To: Whitt, Mark
Subject: FW: WESTERN FRONTIER PROJECT
FYI - WE'RE CHECKING ON ENTERGY
-----Original Message-----
From: Calcagno, Suzanne
Sent: Monday, October 29, 2001 7:53 AM
To: Kinsey, Lisa; Sullivan, Patti; Schrab, Mark L.; Miller, Stephanie; Superty, Robert
Subject: WESTERN FRONTIER PROJECT
WILLIAMS PUTS MEAT ON THE BONES OF WESTERN FRONTIER PROJECT DESIGN
Touting a need for more pipeline capacity linking the "prolific" supply basins of the central Rockies and increasingly hungry Mid-Continent markets, The Williams Cos. Inc. last week took the next step by filing for authorization to build and operate the Western Frontier project.
The sponsor has in hand four negotiated-rate deals for long-term service covering roughly two-thirds of the 540,000 Dt/day of project design capacity, it told FERC in an Oct. 24 certificate application (CP02-11). Williams wants to have the $366 million project up and running by Nov. 1, 2003; it asked the commission to issue a final certificate by Dec. 11, 2002, so that it can commence construction by the following April.
Williams unveiled initial plans for Western Frontier early last summer (IF, 9 July, 14) and held an open season in June and July. To carry gas from the Power River, Big Horn, Wind River and Green River basins- estimated to hold 173 Tcf of potential and recoverable reserves - the new 30-inch-diameter mainline would run 398 miles, starting at the Cheyenne Hub and ending at an interconnection with the system of affiliate Williams Gas Pipelines Central Inc. in Beaver County, Okla. Characterizing the Cheyenne Hub as "a liquid point of supply," Williams asserted that "presently, supply capability to the hub has outpaced transportation capacity away from the hub to market areas due to insufficient pipeline infrastructure."
Along the way, the Western Frontier mainline would make another interconnection with Williams Central as well as with Northern Natural Gas Co., ANR Pipeline Co., Natural Gas Pipeline Co. of America and Panhandle Eastern Pipeline Co., "thus providing multiple avenues for gas produced in the central Rockies to be transported throughout the Mid-Continent using the existing pipeline grid."
To "further enhance its supply options," the sponsor wants to build a 9.7-mile lateral from the mainline to the Wattenberg gas processing plant east of Denver to tap the Denver-Julesberg basin. Rounding out the project design are two new compressor stations, the 10,000-horsepower Chalk Bluff station to be constructed at the Cheyenne Hub and the 20,000-hp Denver station to be built in Adams County, Colo. Following the open season, Williams hammered out precedent agreements with Marathon Oil Co. (75,000 Dt/day), Williams Energy Marketing and Trading Co. (200,000 Dt/day), Utilicorp United Inc. (15,000 Dt/day) and Entergy Power Generation Corp. (75,000 Dt/day). The initial term for the deals is 10 years, except for Marathon which committed to a five-year term with an option to extend it an additional two years, said the application.
"Other shippers have expressed serious interest for the remaining capacity on Western Frontier, and active negotiations are moving forward with these potential shippers," said the application, adding that Williams was "confident . . . that the remaining capacity will be committed in the upcoming months." With the addition of compression, the project could "facilitate relatively inexpensive expansions to accommodate future market growth," the sponsor told FERC. And that may well be necessary, it continued, pointing to "stagnant to declining supply" in the Mid-Continent basins coupled with "projected demand increases." As in many areas of the country, "much of the anticipated demand increase is attributed to installation and operation of . . . gas-fired electrical generation," it said. The 11,439 Mw of "active winter generating capacity" in the combined service areas of Western Frontier and Williams Central is expected to more than double by 2004, said Williams.
The application seeks negotiated rate authority for the project operator, Western Frontier Pipeline Co. LLC, and approval of initial recourse rates. The maximum daily reservation rate under schedule FTS would be 35?/Dt for contract demand in Zone 1 and 79.4?/Dt in Zone 2. Under the negotiated deals reached with the four "anchor" shippers, Utilicorp and Entergy would pay a combined reservation and commodity rate of 25?/Dt at a 100% load factor for Zone 1 service to the Williams Central Hugoton station in Kansas, while WEM&T would pay a combined rate of 30?/Dt for Zone 2 transportation to the Williams Central system in Oklahoma and Marathon would pay 32?/Dt under the shorter contract for Zone 2 service to interconnects with ANR, Panhandle and Williams Central in
Oklahoma. All transportation would originate at the Cheyenne Hub. |
TODAY'S HEADLINES
The New York Times on the Web
Sunday, May 6, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com
QUOTE OF THE DAY
=========================
"When people started saying personal things about me, about
what I was as a person, I decided it was time to get out."
- JOVAN LAZAREVIC, who quit after working for 18 years as a referee in
basketball, soccer and baseball.
Full Story:
http://www.nytimes.com/2001/05/06/sports/06SPOR.html
NATIONAL
=========================
U.S. Scientists See Big Power Savings From Conservation
http://www.nytimes.com/2001/05/06/national/06CONS.html
New Rules for Soccer Parents: 1) No Yelling. 2) No Hitting
Ref.
http://www.nytimes.com/2001/05/06/sports/06SPOR.html
Segregation Growing Among U.S. Children
http://www.nytimes.com/2001/05/06/national/06DESE.html
Sugar Rules Defy Free-Trade Logic
http://www.nytimes.com/2001/05/06/business/06SUGA.html
/--------------------- ADVERTISEMENT ---------------------\
50% Off New York Times Home Delivery
Enjoy the award winning journalism of The New York Times
with the added benefit of convenient home delivery. Now you
have another chance to get 50% off for the first 8 weeks.
Pay by credit card and you'll also receive 4 additional
weeks at this low introductory rate. That's 12 weeks in all!
Subscribe today at:
http://www.nytimes.com/ads/email/nytcirc/indexmay.html
\---------------------------------------------------------/
POLITICS
=========================
Cameras Being Turned on Once-Shy C.I.A.
http://www.nytimes.com/2001/05/06/politics/06CIA.html
News Analysis: Bush's Capitol Hill Two-Step
http://www.nytimes.com/2001/05/06/politics/06BUSH.html
In Spanish, Bush Focuses on Working With Mexico
http://www.nytimes.com/2001/05/06/politics/06RADI.html
Report Finds More Diversity at Top Levels in Government
http://www.nytimes.com/2001/05/06/politics/06GOVE.html
INTERNATIONAL
=========================
On a Diplomatic Mission, Pope Arrives in Syria
http://www.nytimes.com/2001/05/06/world/06POPE.html
At Home, Mexico Mistreats Its Migrant Farmhands
http://www.nytimes.com/2001/05/06/world/06MEXI.html
In Israel, Panel Urges Settlement Freeze and an End to
Terror
http://www.nytimes.com/2001/05/06/world/06MIDE.html
Poor Region's Governors in Colombia Unite to Oppose Drug
Plan
http://www.nytimes.com/2001/05/06/world/06COLO.html
BUSINESS
=========================
Sugar Rules Defy Free-Trade Logic
http://www.nytimes.com/2001/05/06/business/06SUGA.html
Questions of Style in Warnaco's Fall
http://www.nytimes.com/2001/05/06/business/06LIND.html
An Executive's Guide to Crystal Gazing in a Shaky Economy
http://www.nytimes.com/2001/05/06/business/06INDI.html
Penny-Pinching Wizardry for Leaner Companies
http://www.nytimes.com/2001/05/06/business/06OLIV.html
TECHNOLOGY
=========================
Reassessing Cisco as a Tech Stalwart
http://www.nytimes.com/2001/05/06/technology/06CISC.html
A Wing, a Prayer and Presto, It's Web TV
http://www.nytimes.com/2001/05/06/technology/06WEBTV.html
Discounts That Come to Travelers Who Wait
http://www.nytimes.com/2001/05/06/technology/06TRAV.html
Layoffs Are Becoming a Spring Break for the Dot-Com
Generation
http://www.nytimes.com/2001/05/05/technology/05DOTC.html
NEW YORK REGION
=========================
Angered by Shooting, 200 March in Irvington
http://www.nytimes.com/2001/05/06/nyregion/06RALL.html
Molecular Biologist Becomes First Woman to Lead Princeton
http://www.nytimes.com/2001/05/06/nyregion/06PRIN.html
For Chinese, Bliss Is Eternity in a Suburban Grave
http://www.nytimes.com/2001/05/06/nyregion/06GRAV.html
The Latino Candidate: Yours, Mine or Ours?
http://www.nytimes.com/2001/05/06/nyregion/06LATI.html
SPORTS
=========================
Monarchos Leaves Derby Field in the Dust
http://www.nytimes.com/2001/05/06/sports/06RACI.html
Once Again, Favorite Flunks the Derby
http://www.nytimes.com/2001/05/06/sports/06VECS-LATE.html
Collision in Crease Puts Devils on Brink
http://www.nytimes.com/2001/05/06/sports/06DEVI.html
A Policeman Who Turned Into a Hit Man
http://www.nytimes.com/2001/05/06/sports/06ANDE.html
ARTS
=========================
Jane Fonda: An Unscripted Life Starring Herself
http://www.nytimes.com/2001/05/06/arts/06KENN.html
Ravinia Festival: Where the Trains Have a Voice in the
Concerts
http://www.nytimes.com/2001/05/06/arts/06OEST.html
Orff's Musical and Moral Failings
http://www.nytimes.com/2001/05/06/arts/06TARU.html
Dancing Like a Bird, Like a Whale, Like the Wind
http://www.nytimes.com/2001/05/06/arts/06SCHE.html
OP-ED COLUMNISTS
=========================
By MAUREEN DOWD: Mexico Likes Us!
Why, only three months in, is America roiled by all these
bristly spats around the globe?
http://www.nytimes.com/2001/05/06/opinion/06DOWD.html
By PAUL KRUGMAN: More Missing Pages
How can Congress pass a budget resolution without factoring
in the cost of a missile defense system, military buildup
and expanded Medicare coverage?
http://www.nytimes.com/2001/05/06/opinion/06KRUG.html
HOW TO CHANGE YOUR SUBSCRIPTION
------------------------------------------------------------
You received these headlines because you requested The New
York Times Direct e-mail service. To cancel delivery, change
delivery options, change your e-mail address or sign up for
other newsletters, see http://www.nytimes.com/email
HOW TO ADVERTISE
------------------------------------------------------------
For information on advertising in e-mail newsletters or
other creative advertising opportunities with The New York
Times on the Web, please contact Alyson Racer at
[email protected] or visit our online media kit at
http://www.nytimes.com/adinfo |
---------------------- Forwarded by Susan M Scott/HOU/ECT on 02/24/2000 07:54
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "C. Scott" <[email protected]> 02/24/2000 06:15
AM
Please respond to "C. Scott" <[email protected]>
To: "Wilbur & Betty Williams" <[email protected]>, "Travis Kelley"
<[email protected]>, "Susan Margaret Scott" <[email protected]>, "Pat and
Paige Lentz" <[email protected]>, "Mike Oldham"
<[email protected]>, "Kana, Kristi M."
<[email protected]>, "Charlee Marshall Williamson"
<[email protected]>
cc:
Subject: Fw: You Know You're In Austin, TX When...
-----Original Message-----
From: Whitley, Stacie <[email protected]>
To: '[email protected]' <[email protected]>
Date: Wednesday, February 23, 2000 9:37 AM
Subject: FW: You Know You're In Austin, TX When...
>Know you can relate to this one!
>
>> -----Original Message-----
>> From: Kevin P. Kellar [SMTP:[email protected]]
>> Sent: Tuesday, February 01, 2000 10:25 AM
>> To: [email protected]; Mark & Stacie Whitley; Agnes Whitley
>> Subject: FW: You Know You're In Austin, TX When...
>>
>>
>> YOU KNOW YOU'RE IN AUSTIN WHEN...
>>
>> Your co-worker tells you they have 8 body piercings, but none are
visible.
>>
>> You make over $100,000 and still can't afford a house.
>>
>> You never bother looking at the Captial Metro schedule because you know
>> the
>> drivers have never seen it.
>>
>> You've been to more than one baby shower that has two mothers and a sperm
>> donor.
>>
>> You have a very strong opinion where your coffee beans are grown and can
>> taste the difference between Samatran and Ethiopian.
>>
>> A really great parking space can bring you to tears.
>>
>> You know that anyone wearing pants in November is just visiting from
Ohio.
>>
>> Your child's 3rd grade teacher has two pierced ears, a nose ring and is
>> named "Breeze." And, after telling that to a friend, they still need to
>> ask if the teacher is male or female.
>>
>> You are thinking of taking an adult education class but you can't decide
>> between Yoga, Aromatherapy, Conversational Mandarin or one on building
>> your
>> own website.
>>
>> You haven't been to Hippie Hollow since the first month you moved to
>> Austin.
>>
>> A man walks on The Drag in full leather regalia and crotchless chaps.....
>> You don't notice.
>>
>> A woman walks on The Drag with live poultry.....You don't notice.
>>
>> You think any guy with a George Clooney haircut must be visiting from the
>> Midwest.
>>
>> You know that any woman with a George Clooney haircut is not a tourist.
>>
>> You keep a list of compaies to boycott.
>>
>> Your hairdresser is straight, your plumber is gay, the man who delivers
>> your mail is straight, and your Mary Kay Lady is a guy in drag.
>>
>> You occasionally see a guy on a unicycle whiz buy you while you're in
your
>> car and you say to yourself, "Oh yeah, it's that guy again...."
>>
>> You start to worry when you don't see the cross-dressing, bearded guy
>> in-a-tutu-and-bikini-top-who-has-made-a-statement-with-his-grocery-cart-
>> and-cardboard-box-art/shelter on your way to work in the morning.
>>
>> You'll make dinner or bar plans around who's got the best margaritas.
>>
>> You have a tough time deciding on one of Austin's six 24-hour eating
>> options (IHOP, Denny's, Katz', Kerby, Stars, or Magnolia Cafe)
>>
>> You complain about their prices but still shop at Central Market for the
>> scene.
>>
>> You don't even think about getting good seats to the Longhorn's football
>> games.
>>
>> You know the exact locations of three towing yards.
>>
>> Your summer shoes are your Birks and your winter shoes are your Birks
with
>> socks.
>>
>> Your entire wardrobe consists of: a black tank-top, a GAP white T-shirt,
>> second hand Levi's, second hand cut-off Levi's, overalls, Longhorn
sweats,
>> anything polyester from the 70s, a bikini, Tevas, Birks, and running
>> shoes.
>>
>> Dressing up to go out for a woman means throwing a tank top on over the
>> sports bra you've had on all day because it's so DAMN HOT!
>>
>> You often find yourself wondering why magazine editors insist that
>> swimsuit season starts on Memorial Day when it's really the end of
>> February or at the latest, the beginning of March.
>>
>> You consider chips, salsa, Kerby Queso, and Shiner Bock Beer a
>> well-balanced meal.
>>
>> You find yourself making beaded necklaces to give as Christmas gifts.
>>
>> 100 degrees for three straight months isn't unreasonalble, 110 degrees
is.
>> (And 90 degrees anywhere between May and September seems a bit chilly)
>>
>> You figure skin cancer is inevitable beacuse it is so hot that even your
>> sunscreen won't stay on.
>>
>> When you go out, you make sure you've grabbed you waterbottle before
>> checking to see if you've got your wallet and keys.
>>
>> You don't mind parking a mile away as long as it's in the shade.
>>
>> You spend so much time at MoJo's Coffee House you finally start bringing
>> in
>> your own CD's for the staff to play.
>>
>> Your professor decides in the middle of the Government lecture that now's
>> as good of time as ever to tell his class of 500 he's gay. Like you
>> didn't
>> know. Like you even care.
>>
>> (Gals) You ask yourself constantly if that's a cute guy or a butch girl.
>>
>> And you don't really care either way because it's fun to wonder.
>>
>> You'd rather ride your bike than get in a car without air conditioning.
>> At least on your bike, you're guaranteed a breeze regardless of traffic.
>>
>> You see more Texas flags flying than American flags.
>>
>>
>>
>>
>>
>>
>>
>
> |
----------------------------------------------------------------------
August 21, 2000 (AP)
California regulators cut San Diego electricity rates in close vote
MICHAEL LIEDTKE, AP Business Writer
(08-21) 16:28 PDT SAN FRANCISCO (AP) -- With consumers howling about
unexpectedly high electric bills this summer, California's Public Utility
Commission took a step back from deregulation and cut rates for most San
Diego residents by 43 percent, so that most customers will pay no more
than $68 per month through January.
By a 3-2 margin, the commission also approved a rate cut for small
businesses and school districts, resulting in estimated bills of $220 a
month for customers that don't exceed strict usage limits of 1,500
kilowatt hours.
"This isn't going to help anybody," muttered San Diego restaurateur Susan
Bauman as she waved a $10,284 electricity bill showing one of her two
businesses used 30,000 kilowatt hours in July.
PUC Commissioner Henry Duque, who drafted the proposal, said it provides
some relief while encouraging energy conservation, since customers who
exceed the usage limits will have to continue paying market rates.
Other San Diegans who attended the hearing called the action woefully
inadequate.
"We are bleeding to death and this will not stop the hemorrhaging," said
San Diego Supervisor Dianne Jacob. "We are going to die unless we get more
help."
The PUC rejected an alternative proposal that would have imposed price
controls through 2003 and lowered bills by 60 percent from current levels.
Ed Guiles, CEO of San Diego Gas & Electric Co., said the alternative would
have accumulated hundreds of millions of dollars in deferred costs. With
interest, those costs ultimately would be passed on to customers beginning
in 2004.
But even the measure that did pass could end up costing San Diego
customers as much as $100 million after 2001, Guiles said.
"This is an interim solution that stabilizes the bills for consumers but
does not get to the root part of the problem of high energy prices,"
Guiles said.
Consumer advocates say customers should not be forced to pay for the
higher rates, now or in the future.
"The proposals are really just a ruse. They move the burden from the
consumers' checkbook to their credit cards to be paid at a future date,"
said Doug Heller of the Foundation for Taxpayer and Consumer Rights, a
Santa Monica watchdog.
The deregulation of the state's $20 billion electrical power industry --
imposed under a complex 1996 law that phases in the effects from south to
north -- was supposed to lower prices by creating greater competition.
But demand has outstripped electricity supplies, due to a growing
population, booming high-tech economy, and less electricity available from
neighboring states that haven't deregulated their systems.
A sweltering summer in much of California hasn't helped, and cost hikes
and continuing power shortages that caused rolling "brownouts" in the San
Francisco Bay area in June have spurred demands of a repeal.
Monday's action came at an emergency meeting called at the request of Gov.
Gray Davis, who asked the commission to lower soaring electric bills that
have sparked outrage in California's second largest city -- and fears in
other California regions due to buy electricity on the open market as
early as next year.
Residential and business customers who receive their power from SDG&E have
seen their electric bills double or even quadruple since their rates were
deregulated in June.
Jacob and other San Diego-area politicians on hand at San Francisco's
hearings said they were headed to Sacramento to lobby for a state law
proposing to revert rates to 1996 prices. The proposal doesn't specify who
would pay for the rollback.
Other critics said the PUC's rate limits won't help elderly and sick
people who must run their air conditioning during the hot summer months.
Opponents also warned that small businesses still might have to lay off
employees or move from the area to offset their rising expenses.
"What we have done is lower the rates for turning on your TV or running
your refrigerator, but basically what we're telling people is, don't turn
on your air conditioner," said PUC Commissioner Carl Wood, who wanted the
steeper rate cut that failed Monday.
The cap adopted Monday applies to residential customers who limit usage to
500 kilowatts per month. About 70 percent of homes in San Diego fall under
the cap, estimated Duque.
The prevailing market rate has soared under deregulation.
On August 13, the average wholesale price for San Diego electricity was
$117 per megawatt hour, up from $25 per megawatt hour at a comparable time
last year, said Wood.
The estimated $68 cap for residential customers will remain in effect
through January 2001 and then increase to a projected $75 cap through
December 2001.
The projected $220 cap on electric bills that applies to businesses and
school districts will increase to $240 per month after January.
Under deregulation, private utilities were required to sell off their
power plants and open their markets to electrical resellers, and buy power
on the open market, paying an amount that may fluctuate from day to day.
But the state has been shunned by some power developers who are uncertain
about deregulation, and few new power plants are in the works.
------=? On the Net:? California PUC: http://www.cpuc.ca.gov? California ISO: http://www2.caiso.com? Energy Department electricity statistics: http://www.eia.doe.gov? North American Electric Reliability Council: http://www.nerc.com? Utility Consumers Action Network: http://www.ucan.org???----------------------------------------------------------------------?Copyright 2000 AP? |
You may have seen this...
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/22/2001 09:24
AM ---------------------------
From: Mark E Haedicke@ECT on 02/21/2001 03:17 PM
Sent by: Janette Elbertson@ECT
To: Alan Aronowitz/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT, Peggy
Banczak/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT, Robert
Bruce/NA/Enron@Enron, Teresa G Bushman/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT,
Michelle Cash/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ned E
Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eddy Daniels/NA/Enron@Enron,
Angela Davis/NA/Enron@Enron, Peter del Vecchio/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Andrew Edison/NA/Enron@Enron, Shawna Flynn/HOU/ECT@ECT,
Chris Gaffney/TOR/ECT@ECT, Robert H George/NA/Enron@Enron, Barbara N
Gray/HOU/ECT@ECT, James Grace/Corp/Enron@ENRON, Mark
Greenberg/NA/Enron@ENRON, Wayne Gresham/HOU/ECT@ECT, Leslie
Hansen/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT,
Karen E Jones/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Alan
Larsen/PDX/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay Mann/Corp/Enron@Enron,
Jane McBride/AP/Enron@Enron, Travis McCullough/HOU/ECT@ECT, Lisa
Mellencamp/HOU/ECT@ECT, Janet H Moore/HOU/ECT@ECT, Janice R
Moore/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Cheryl Nelson/NA/Enron@Enron,
Gerald Nemec/HOU/ECT@ECT, Marcus Nettelton/NA/Enron@ENRON, Limor
Nissan/NYC/MGUSA@MGUSA, John Novak/SA/Enron@Enron, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Angeline Poon/SIN/ECT@ECT, David
Portz/HOU/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Coralina
Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael A Robison/HOU/ECT@ECT,
Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elizabeth
Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lance Schuler-Legal/HOU/ECT@ECT,
Sara Shackleton/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Carol St
Clair/HOU/ECT@ECT, Carlos Sole/NA/Enron@Enron, Lou Stoler/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT,
John Viverito/Corp/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Randy
Young/NA/Enron@Enron, Stuart Zisman/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT,
Kimberlee A Bennick/HOU/ECT@ECT, Martha
Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sarah
Bruck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Genia FitzGerald/HOU/ECT@ECT, Nony
Flores/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT,
Mary J Heinitz/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Kathleen
Carnahan/NA/Enron@Enron, Deb Korkmas/HOU/ECT@ECT, Laurie Mayer/HOU/ECT@ECT,
Matt Maxwell/Corp/Enron@ENRON, Mary Ogden/HOU/ECT@ECT, Debra
Perlingiere/HOU/ECT@ECT, Larry Pardue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Robert Walker/HOU/ECT@ECT, Kay Young/HOU/ECT@ECT, Merrill W Haas/HOU/ECT@ECT,
Andrea Calo/SA/Enron@Enron, Brent Hendry/NA/Enron@Enron, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Greg Johnston/CAL/ECT@ECT, Peter
Keohane/CAL/ECT@ECT, Justin Boyd/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Mark
Elliott/LON/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Denis
O'Connell/LON/ECT@ECT, Robert Quick/LON/ECT@ECT, Paul Simons/LON/ECT@ECT,
Martin Rosell/OSL/ECT@ECT, Rahul Saxena/LON/ECT@ECT, Greg
Johnston/CAL/ECT@ECT, Mark Powell/CAL/ECT@ECT, Christian Yoder/HOU/ECT@ECT,
Matthias Lee/SIN/ECT@ECT, Suzanne Adams/HOU/ECT@ECT, Connie
Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sheri L Cromwell/HOU/ECT@ECT,
Margaret Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janette
Elbertson/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Carolyn
George/Corp/Enron@ENRON, Holly Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jan M King/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT,
Becky Spencer/HOU/ECT@ECT, Linda J Simmons/HOU/ECT@ECT, Dina
Snow/Corp/Enron@Enron, Twanda Sweet/HOU/ECT@ECT, Brenda
Whitehead/HOU/ECT@ECT, Yo Yamanishi/AP/Enron@Enron, Claudia
Meraz/HOU/ECT@ECT, Reginald Shanks/HOU/ECT@ECT, Wendi
Hoelscher/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, MaryHelen
Martinez/NA/Enron@Enron, Sami Arap/SA/Enron@Enron, Luiz
Watanabe/SA/Enron@Enron, Andrea Calo/SA/Enron@Enron, Patricia
Dutra/SA/Enron@Enron, Karla Azevedo/SA/Enron@Enron, Nancy
Muchmore/NA/Enron@Enron, Sandra Vassel/SA/Enron@Enron, Miguel
Mendoza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Fabian Valle/SA/Enron@Enron,
Paula Porto/SA/Enron@Enron, Celina Ozorio/SA/Enron@Enron, Maria Pia
Beccaccini/SA/Enron@Enron
cc:
Subject: Organizational Announcement
We are pleased to announce organizational changes to the Enron South America
legal department in response to the recent reorganization and realignment of
the principal Enron Wholesale Services business units operating in the
region, Enron Americas and Enron Global Assets.
Randy Young, currently General Counsel of ESA, will be assuming new
responsibilities within Enron. John Novak will become General Counsel of
ESA, reporting to Mark Haedicke. The ESA legal department will be
responsible for supporting all Enron Americas and Enron Global Assets
businesses in the region. Additional legal resources, coordinated by Lance
Schuler, will be provided from EWS Legal in Houston to support ESA's
wholesale activities. John will also work closely with Bruce Lundstrom,
General Counsel of EGA, to coordinate legal support with respect to the EGA
businesses in the region. An organizational chart describing the new
structure is attached.
This new structure will enable us to continue to provide quality legal
support across business lines within South America while improving
coordination and providing additional support from Houston for Enron's
existing operating businesses, as well as the new business development
initiatives under way in the region. |
Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 03/21/2001 10:25 AM -----
Jean Munoz <[email protected]>
03/21/2001 09:27 AM
To: Katie Kaplan <[email protected]>, "'Andy Brown (E-mail)'"
<[email protected]>, "'B Brown Andy (E-mail)'" <[email protected]>,
"'Baker Carolyn (E-mail)'" <[email protected]>, "'Bob Escalante
(E-mail)'" <[email protected]>, "'Bob Weisenmiller (E-mail)'"
<[email protected]>, "'Curtis Kebler (E-mail)'"
<[email protected]>, "'Douglas Kerner (E-mail)'"
<[email protected]>, "'Greg Blue (E-mail)'" <[email protected]>, "'Jan
Smutny-Jones (E-mail)'" <[email protected]>, "'Jeff Dasovich (E-mail)'"
<[email protected]>, "'Joe Ronan (E-mail)'" <[email protected]>, "'John
Larrea (E-mail)'" <[email protected]>, "'John Stout (E-mail)'"
<[email protected]>, "'Julee Malinowski-Ball (E-mail)'"
<[email protected]>, "'Kassandra Gough (E-mail)'" <[email protected]>, "'kent
Palmerton (E-mail)'" <[email protected]>, "'Kristin Vellandi
(E-mail)'" <[email protected]>, "'Lynn Lednicky (E-mail)'"
<[email protected]>, "'Marty Wilson (E-mail)'" <[email protected]>,
"'McNally Ray (E-mail)'" <[email protected]>, "''Nam Nguyen'
(E-mail)'" <[email protected]>, "'Norton Kelli (E-mail)'"
<[email protected]>, "'Paula Hall-Collins (E-mail)'"
<[email protected]>, "'Pigott Jack (E-mail)'"
<[email protected]>, "'Richard Hyde (E-mail)'" <[email protected]>,
"'Rob Lamkin (E-mail)'" <[email protected]>, "'Roger Pelote
(E-mail)'" <[email protected]>, "'Stephanie-Newell (E-mail)'"
<[email protected]>, "'Sue Mara (E-mail)'"
<[email protected]>, "'Theo Pahos (E-mail)'" <[email protected]>, "'Tom Ross
(E-mail)'" <[email protected]>, "Carol H Hudson (E-mail)"
<[email protected]>, steven kelly <[email protected]>, "'Anne Kelly (E-mail)'"
<[email protected]>, "'Chuck Cole (E-mail)'" <[email protected]>,
"'Delany Hunter (E-mail)'" <[email protected]>, "'DJ Smith
(E-mail)'" <[email protected]>, "'Hedy Govenar (E-mail)'"
<[email protected]>, <[email protected]>, "'Maureen OHaren
(E-mail)'" <[email protected]>, "'Mike Monagan (E-mail)'" <[email protected]>,
"'Phil Isenberg (E-mail)'" <[email protected]>, "'Robert Ross (E-mail)'"
<[email protected]>, "'Ron Tom (E-mail)'" <[email protected]>, "'Scott Govenar
(E-mail)'" <[email protected]>, "'Susan Mccabe (E-mail)'"
<[email protected]>, <[email protected]>,
<[email protected]>, <[email protected]>,
<[email protected]>, <[email protected]>, <[email protected]>,
<[email protected]>
cc:
Subject: Great Sacramento Bee Editorial Today
;
------------------------------------------------------------------------
B; E; E; ; E; D; I; T; O; R; I; A; L; S
------------------------------------------------------------------------
Our first Gray-outs: These power outages are purely a failure of leadership
(Published March 21, 2001)
Add a new term to the electricity nomenclature -- the Gray-out. This is a
power outage caused by politics in Sacramento under Gov. Gray Davis, rather
than some unavoidable mismatch between supply and demand.
This is March. Peak demand is thousands upon thousands of megawatts lower
than it will be this summer. And yet the lights are going out.
These rolling Gray-outs trace squarely back to state government's failure to
figure out a way to pay for all the power that California needs. The
generators who aren't getting paid are beginning to go temporarily out of
business. Day by day, less and less power is available for the grid, to the
point that a little bit of spring sun is enough to overtax supply and turn
out the lights. Unbelievable.
It's true that the governor is bleeding the state's coffers to the tune of
about $50 million every day to pay the big for-profit generators for their
supply. This is his short-term solution, until the longer-term solution --
whatever that is -- kicks in. But no, even that huge payment isn't all the
money needed to pay all the generators.
Neglected by the government plan are about 600 little guys that produce 20
percent of the electricity supply. These are generators dotted throughout the
state known as Qualifying Facilities. A creation of the alternative energy
movement of the 1970s, these are plants powered by natural gas, the sun and
the wind. Unlike the big for-profit generating companies, these QFs are
contractually tied to the giant utilities, Southern California Edison and
PG&E. And the utilities haven't been paying them for weeks and weeks -- at
this point the QFs are owed $1.48 billion.
Not surprisingly, some of these generators can't afford to keep producing
power for free. Grid operators say that these QFs could be producing about
6,000 megawatts if they were being paid. Instead, they are producing about
3,100, and the amount is decreasing. Outages were triggered on Monday because
the grid was short about 1,000 megawatts of load. This math clearly reveals
how avoidable this disruption was. Call it a rolling Gray-out.
Bipartisan legislation has languished in Sacramento for weeks that would cut
in half what these QFs have been billing the utilities. The savings are
possible by moving these contracts into long-term deals and out of the
higher-priced spot market. This piece of the overall solution has been
stalled while the governor has been at work on the others, such as returning
the big utilities to solvency and locking in power purchases long-term with
the big for-profit generators. Disregarding the little guys, however, is a
mistake that the governor and Legislature should correct immediately. |
---------------------- Forwarded by Rod Hayslett/FGT/Enron on 02/21/2001 07:04 AM ---------------------------
From: Office of the Chairman 01/12/2001 07:31 PM
Sent by: Office of the Chairman
To: All Enron Worldwide
cc:
Subject: Managing Director and Vice President Elections
The Managing Director PRC Committee met this week to elect individuals to Managing Director and Vice President positions. These employees are recognized as outstanding contributors to the organization, whose individual efforts have been instrumental in the continued success and growth of the company. We are pleased to announce the election of the following new Managing Directors and Vice Presidents. Please join us in congratulating these individuals on their new appointments.
Managing Director - Commercial
Phillip K. Allen, ENA (EWS) West Gas Trading - Houston
Franklin R. Bay, EBS Entertainment on Demand - Houston
Timothy N. Belden, ENA (EWS) - West Power Trading - Portland
Michael R. Brown, EEL - Executive - London
Christopher F. Calger, ENA (EWS) West Power Origination - Portland
Joseph M. Deffner, ENA (EWS) Treasury & Funding - Houston
Timothy J. Detmering, ENA (EWS) Corporate Development - Houston
William D. Duran, ENA (EWS) Generation Investments - Houston
Robert S. Gahn, EES Commodity Structuring - Houston
Kevin C. Garland, EBS Broadband Ventures - Houston
Ben F. Glisan, Jr., Corporate - Global Equity Markets - Houston
Robert E. Hayes, ETS COMM Marketing - Houston
Phillip R. Milnthorp, ENA (EWS) Canada Origination & Trading - Calgary
Managing Director - Commercial Support
Sally W. Beck, ENW (EWS) Energy Operations Management - Houston
Fernley Dyson, EEL Finance & Support Services - London
Vice President - Commercial
Gregory Adams, EES MMC Management - Houston
Robert Bayley, EEL-UK Origination - London
Jack D. Boatman, ETS Market Development - Houston
Rhenn Cherry, EES Assets/Labor - Houston
Niamh Clarke, EGM (EWS) Liquids Trading - London
Peter Crilly, EEL-UK Origination - London
Derek J. Davies, ENA (EWS) Canada Origination - Calgary
Mark D. Davis, Jr., ENA (EWS) East Power Trading - Houston
Charles Delacey, Corporate Finance - Houston
Paul Devries, ENA (EWS) Canada Origination - Toronto
Christopher H. Foster, ENA (EWS) West Power Trading - Portland
Jeffrey F. Golden, EES Corporate Development - Houston
Michael D. Grigsby, ENA West Gas Trading Group - Houston
Troy A. Henry, EES Bundled Sales-Heavy Industrial - Houston
Rogers Herndon, ENA (EWS) East Power Trading - Houston
James W. Lewis, EES Underwriting - Houston
Christopher Mahoney, EGM (EWS) Liquids Trading - London
Andrew Marsden, EBS Broadband Ventures - London
John McClain, EBS Broadband Wholesale Origination - Houston
Kevin J. McGowan, EGM (EWS) American Coal - Houston
Albert E. McMichael, Jr., ENA (EWS) Gas Commodity Structuring - Houston
Ermes I. Melinchon, Central America Origination - Houston
Steven R. Meyers, EES Consumption - Houston
Lloyd D. Miller, ENA (EWS) Portfolio Management - Houston
Michael A. Miller, Wind Development / Execution-General Administration - Houston
Marcello Romano, EBS EEL-Broadband Trading - London
David A. Samuels, ENW (EWS) EnronOnline - Houston
Per A. Sekse, EGM (EWS) Global Risk Markets - New York
Edward S. Smida, EBS Video on Demand - Houston
Mark Tawney, EGM (EWS) Weather Trading - Houston
Jon Thomsen, EBS Business Development - Latin America/Canada - Portland
Barry L. Tycholiz, ENA (EWS) West Gas Origination - Houston
Frank W. Vickers, ENA (EWS) East Gas Origination - Houston
Amit Walia, Corporate, Corporate Development - Houston
William White, EBS Global Bandwidth Risk Mgmt - Houston
Jonathan Whitehead, EEL EA Trading - Japan
Mark Whitt, ENA (EWS) West Gas Origination - Denver
John A. Zufferli, ENA (EWS) Canada Power Trading - Calgary
Vice President - Commercial Support
Beth Apollo, EEL Financial Operations Executive - London
Marla Barnard, EBS Human Resources - Houston
Karen L. Denne, Corporate, Public Relations - Houston
Georganne M. Hodges, ENA (EWS) Trading, Origination & Power Plant Accounting - Houston
Phillip Lord, EEL Transaction Support - London
Peggy Mahoney, EES Marketing - Communication - Houston
Steven Montovano, Corporate, Government & Regulatory Affairs - Dublin
Laura Scott, ENA (EWS) Canada Accounting - Calgary
Richard C. Sherman, ENA (EWS) Transaction Support - Houston
Gregory W. Stubblefield, EES Financial Planning & Reporting - Houston
Dennis D. Vegas, CALME International Public Relations - Houston
Vice President - Specialized Technical
Sami Arap Sobrinho, ESA (EWS) Legal - Houston
Merat Bagha, EBS Sales Engineering - Houston
Justin Boyd, EEL Legal - London
Mary Nell Browning, EBS Legal - London
Jonathan Chapman, EEL Legal - London
Robert D. Eickenroht, Corporate, Legal - Houston
Mark Evans, EEL Legal - London
David Forster, ENW (EWS) EnronOnline - Houston
Janine Juggins, EEL Tax - London
Peter C. Keohane, ENA (EWS) Canada Legal - Calgary
Pinnamaneni V. Krishnarao, ENA (EWS) Research Group - Houston
Travis C. McCullough, ENA (EWS) Finance Origination, Mergers/Acquisitions - Houston
Michael Popkin, ESA (EWS) SA- Risk Management/Network Integration - Houston
Elizabeth A. Sager, ENA (EWS) Physical Trading - Houston
Richard B. Sanders, ENA (EWS) Litigation - Houston
John W. Schwartzenburg, EECC Legal - Houston
Michael D. Smith, EES Legal - Houston
Marcus Vonbock Und Polach, EEL Legal - London
Jay C. Webb, ENW (EWS) EnronOnline Systems - Houston
Vice President - Technical
Donald R. Hawkins, ETS Quality Management - Houston
John R. Keller, ETS Engineering & Construction - Houston |
FYI. From today's Post. Davis seems to continue to put distance between
himself and the contracts.
Best,
Jeff
**********************************************************************
Financial
California Changes Stance on Refunds; Two Sides Far Apart In Energy Talks
Peter Behr
?
07/06/2001
The Washington Post
FINAL
Page E01
Copyright 2001, The Washington Post Co. All Rights Reserved
California officials have abruptly shifted tactics in their attempt to
recover billions of dollars in alleged overcharges for electricity , saying
they may reduce their demands for huge refunds if generators renegotiate $43
billion in long-term electricity contracts that the state signed this year.
Gov. Gray Davis (D) said part of the $8.9 billion in refunds the state is
seeking could be offset by reductions in energy prices in the long-term
contracts, whose costs have become a growing political embarrassment for
Davis.
"We've made suggestions, we've offered various ways in which people could get
us $8.9 billion," Davis told the San Jose Mercury News in a report yesterday.
"You can renegotiate our existing contracts and save us money. However you
want to do it, it's just got to net out close to $8.9 billion."
The new offer was introduced this week into the closed negotiations over a
California settlement being conducted in Washington by Federal Energy
Regulatory Commission Judge Curtis L. Wagner Jr., according to sources close
to the negotiations.
Yesterday, Wagner said he may issue his own preliminary finding today on the
amount of overcharges if California officials and the generators cannot reach
a compromise.
"What I'm trying to do is get people in a settlement mood," Wagner told
reporters. "In the event we're unable to do that, [Friday] at some point I
may offer a preliminary assessment." The settlement conference is set to
conclude on Monday.
Wagner, FERC's chief administrative judge, has been trying to push both sides
toward a compromise that would resolve the huge energy pricing controversy.
Mountainous energy prices have bankrupted California 's largest utility,
drained billions of dollars out of the state treasury and put Davis at
sword's point with generators that help keep the state's lights on.
Last Friday, Wagner rebuked Davis's chief representative, Michael Kahn,
chairman of California Independent Grid Operator -- the state's power grid
manager -- indicating that the state's demand for nearly $9 billion in
refunds from power generators and marketers was too high, sources said.
Wagner's settlement conference, which has involved more than 100 lawyers for
all sides, is closed to the public and media.
Wagner complained last month that Kahn was following a political agenda, and
his lack of independence in the negotiations was such a "joke" that the
parties might as well wear "clown suits," according to a Dow Jones report
confirmed by sources close to the talks.
But he has also criticized the generators and power marketers, led by Reliant
Energy Inc., Williams Energy Services, Duke Energy and Southern Co., for
failing to make serious settlement offers, these sources said. The suppliers
have offered to refund $600 million, provided the state is able to call off
various California lawsuits demanding far larger refunds, sources said.
Wagner's leverage is his ability to propose his own refund figure to FERC's
commissioners. FERC has tentatively called for $124 million in refunds, but
now is taking a harder line on preventing a new escalation of California 's
electricity prices this summer and is likely to be receptive to a higher
refund figure, some energy analysts believe.
Davis's tactical change, offering to make the long-term contracts part of an
overall settlement, comes amid growing criticism of what the state will have
to pay for energy under those deals.
California 's energy calamity stemmed in large part from its failed
deregulation plan, which relied heavily on short-term power purchases at
volatile "spot market" prices. When energy costs shot upward last summer, so
did the state's electricity bills.
In response, Davis's aide, S. David Freeman, and his staff began negotiating
long-term power contacts with suppliers. The $43 billion in deals signed so
far would require the state to pay about $70 per hour for a megawatt of power
for a large part of the electricity it will need over the next 10 years.
That's well under the average of $250 per megawatt-hour that the state was
paying at the beginning of this year, but above current power prices -- and
considerably higher than what electricity may cost in the next decade, energy
analysts say.
A new agreement to lower those contract prices could relieve political
pressure on Davis and focus settlement negotiations away from the state's
controversial demand for the $8.9 billion refund. Davis will argue that
reducing future power charges that his administration negotiated should count
as a "refund" because the deals were reached "under commercial duress,"
according to sources close to Wagner's negotiations.
Industry supporters say Davis's refund figure is impossible to justify.
"There's no benchmark for what a fair and reasonable price should be," said
Michael Zenger, California director of Cambridge Energy Research Associates.
The state's advocates counter that if FERC enforced a "just and reasonable"
standard for power prices based on operating costs and a generous profit, the
overcharges by all sellers could easily reach the $9 billion figure.
"It's not rocket science, but it does require the regulators to regulate,"
said Frank Wolak, a Stanford University economist who heads an oversight
committee for the California grid.
Those polar-opposite views have left both sides in Wagner's conference room
"billions of dollars apart," as the talks approached their final weekend,
sources said. |
One day, when I was a freshman in high school, I saw a kid from my
class was walking home from school. His name was Kyle. It looked
like he was carrying all of his books. I thought to myself, "Why would anyone
bring home all his books on a Friday? He must really be a nerd." I had
quite a weekend planned (parties and a football game with my friends
tomorrow (afternoon), so I shrugged my shoulders and went on.
As I was walking, I saw a bunch of kids running toward him. They
ran at him, knocking all his books out of his arms and tripping him
so he landed in the dirt. His glasses went flying, and I saw them land in
the grass about ten feet from him. He looked up and I saw this terrible
sadness in his eyes. My heart went out to him. So, I jogged over
to him and as he crawled around looking for his glasses, I saw a tear
in his eye. As I handed him his glasses, I said, "Those guys are jerks.
They really should get lives." He looked at me and said, Hey thanks!"
There was a big smile on his face. It was one of those smiles that showed real
gratitude. I helped him pick up his books, and asked him where he lived. As
it turned out, he lived near me, so I asked him why I had never seen
him before. He said he had gone to private school before now. I
would have never hung out with a private school kid before. We talked all
the way home, and I carried his books. He turned out to be a pretty cool
kid. I asked him if he wanted to play football on Saturday with my
friends and me. He said yes.
We hung all weekend and the more I got to know Kyle, the more I liked him,
and my friends thought the same of him. Monday morning came, and there
was Kyle with the huge stack of books again. I stopped him and said,
"Boy, you are going to really build some serious muscles with this pile of
books
everyday!" He just laughed and handed me half the books.
Over the next four years, Kyle and I became best friends. When we
were seniors, we began to think about college. Kyle decided on
Georgetown, and I was going to Duke. I knew that we
would always be friends, that the miles would never be a problem. He was going
to be a doctor, and I was going for business on a football scholarship. Kyle
was
valedictorian of our class. I teased him all the time about being a nerd. He
had
to prepare a speech for graduation. I was so glad it wasn't me having
to get up there and speak. Graduation day came, and I saw Kyle.
He looked great. He was one of those guys that really found him during
high school. He filled out and actually looked good in glasses. He
had more dates than I had and all the girls loved him.
Boy, sometimes I was jealous. Today was one of those days. I could see
that he was nervous about his speech. So, I smacked him on the back and
said, "Hey, big guy, you'll be great!" He looked at me with one of those
looks (the really grateful one) and smiled. "Thanks," he said.
As he started his speech, he cleared his throat, and began.
"Graduation is a time to thank those who helped you make it through
those tough years. Your parents, your teachers, your siblings,
maybe a coach, but mostly your friends. I am here to tell all of you
that being a friend to someone is the best gift you can give him or her. I
am going to tell you a story."I just looked at my friend with
disbelief as he told the story of the first day we met. He had planned to kill
himself over the weekend.
He talked of how he had cleaned out his locker so his Mom wouldn't have to do
it later and was carrying his entire stuff home. He looked hard at me and
gave me a little smile. "Thankfully, I was saved. My friend saved me from
doing the unspeakable." I heard the gasp go through the crowd as this
handsome, popular boy told us all about his weakest moment. I
saw his mom and dad looking at me and smiling that same grateful smile. Not
until that moment did I realize its depth.
Never underestimate the power of your actions. With one small gesture you can
change a person's life. For better or for worse. God puts us all in
each other's lives to impact one another in some way. Look for God
in others.
You now have two choices, you can:
(1) Pass this on to your friends or
(2) Delete it and act like it didn't touch your heart.
As you can see, I took choice number 1. "Friends are angels who
lift us to our feet when our wings have trouble remembering how to fly."
It's National Friendship Week. Show your friends how much you really
care.
Eleanor Roosevelt wrote: "Many people will walk in and out of
your life, but only true friends will leave footprints in your heart."
To handle yourself, use your head; to handle others, use your
heart.
Anger is only one letter short of danger.
If someone betrays you once, it is his fault; if he betrays you twice, it is
your fault.
Great minds discuss ideas; Average minds discuss events; Small minds discuss
people.
He who loses money, loses much; He, who loses a friend, loses much more; He,
who loses faith, loses all.
Beautiful young people are accidents of nature, but beautiful old people are
works of art.
Learn from the mistakes of others. You can't live long enough to make them
all yourself.
Friends, you and me....
you brought another friend....
and then there were 3.
We started our group....
our circle of friends....
and like that circle....
there is no beginning or end.
Yesterday is history...
Tomorrow's a mystery.
Today is a gift.
It's National Friendship Week. Show your friends how much you
care. Send this to everyone you consider a FRIEND. If
it comes back to you, then you'll know you have a circle of friends.
WHEN YOU RECEIVE THIS LETTER, YOU'RE REQUESTED
TO SEND IT TO AT LEAST 10 PEOPLE, INCLUDING THE PERSON
WHO SENT IT TO YOU. |
Ken, my deepest thanks again for attending and speaking at the Davenport
Society banquet program this Friday night. At the end of this e-mail is
your portion of the "script" for this event. The entire script will be in a
notebook at the podium.
Besides introductions (primarily some of our students who will be there),
the program will include remarks from the chancellor, the induction of new
members of the Society, announcements of other large new gifts, and some
musical entertainment. Jack and Mary Bush of Dallas, Texas are co-chairs of
the Davenport Society this year. Both are MU alums. Jack retired several
years ago as president of Michaels Store, the large arts-and-crafts
retailer; he's now involved in retail and e-commerce consulting.
We will have at least 225 alumni, business people from the area, university
leaders, faculty, staff, and students in attendance. A couple reminders:
It is black tie. And the event is being held at the Reynolds Alumni Center
on campus, with reception at 6 and dinner at 7. We intend/hope to end by
9:30.
You will be introduced by Jack Bush. As you can see below, we have allotted
about 10 minutes for the keynote talk. The starting time for your talk is
approximate, but we strive to stay on schedule. Last Friday, I responded to
an e-mail from Rob Bradley regarding your keynote talk. He indicated that
he would be preparing the talk. (Rob, would you confirm that you received
my e-mail of last Friday. Thanks.)
Then we will have another 10 minutes or so devoted to the announcement of
the Pinkney Walker Professorship. As you can see, I'll introduce this part
after thanking you for your keynote remarks. The professorship plaque that
will hang in the foyer of Middlebush Hall (and, soon, Cornell Hall) has
arrived so we will be able to show it to the audience and to Pinkney. We'll
have it on stage and I'll hold it while you read the wording (see below).
If you desire, you can add personal comments about Pinkney after reading the
inscription on the plaque. If you want them placed in the podium script,
just have them sent to me via e-mail; likewise, with any changes or
corrections to the portion below. Of course, you can speak extemporaneously
about Pinkney or bring prepared remarks about him with you. Then we'll
allow Pinkney to say a few words. It should be splendid.
By the way, during the dinner, you will be seated with Pinkney and his wife
Sheila, Dulari Mehta (a College of Business student from the Dallas area who
is hosting the Walkers, who are new Davenport Society members), Richard
Schwartz (dean of A&S), and Michael Kateman and Lindsay Lopez (both from the
A&S development office)
Of course, if you, Rob, or Rosalee have questions, you can call either my
assistant Carol Ritter or me at 573/882-6688. See you Friday evening.
Thanks again.
8:21 - 8:31 KEYNOTE ADDRESS
Ken Lay: [remarks]
[Bruce Walker joins Lay at podium.]
8:31 - 8:36 ANNOUNCEMENT OF P. WALKER PROFESSORSHIP
Bruce Walker: Thank you very much, Ken.
We are truly honored and grateful that you have returned to Mizzou this
evening.
At this banquet two years ago, Ken announced the start of a campaign to
establish an endowment in the College of Business in honor of Pinkney C.
Walker.
Ken, along with Harold Hook and Bob Pugh, agreed to lead the effort to raise
funds for this endowment.
Pinkney, would you please come up and join Ken and me.
Many of you are familiar with Pinkney.
Those of you who don't know Pinkney probably have 2 questions in mind.
Are these two Walker guys related?
And the answer is no.
Why does Pinkney Walker deserve such as honor?
Well, let me tell you a little bit about him.
A native of Graham, Texas, Pinkney's academic degrees include a bachelor's
from the University of Texas and an MBA and a doctorate from the Wharton
School at the University of Pennsylvania.
Pinkney's association with MU dates back to 1940.
Eventually, he became a professor of economics, who -- according to one
estimate -- taught as many as 40,000 students at Mizzou.
Pinkney also served as the college's dean from 1964 to 1971.
He left the university to become a member of the Federal Power Commission.
Now, he is enjoying the good life of a professor emeritus, residing in Fort
Myers, Florida, with his wife Sheila.
We knew the Pinkney C. Walker Endowment would be dedicated to building
excellence in the college.
But we didn't know if the endowment eventually would fund a scholarship or
two, faculty research, or a faculty position.
That would depend on how much money was raised.
Well, tonight, as Paul Harvey would say, Ken is back with the rest of the
story.
Ken. . .
Ken Lay: It is with great pride and pleasure that I can tell you
tonight that the Pinkney C. Walker Endowment has received gifts totaling
$550,000, which means it will fund a distinguished professorship in the
college.
Here is the plaque that will hang in Middlebush Hall and eventually will be
moved to Cornell Hall.
It reads:
Pinkney C. Walker Distinguished Teaching Professorship
College of Business
Established in recognition of Dr. Walker's teaching excellence
and his significant contributions as dean, public servant, and friend.
Endowed in 2000 by alumni and friends of the University of Missouri.
Pinkney, please accept our congratulations.
Would you like to say a few words.
[Pinkney Walker comes to podium]
8:36 - 8:41 PINKNEY WALKER PERSONAL REMARKS
Pinkney Walker: [Remarks]
[Jack and Mary Bush come to podium; Bruce Walker, Pinkney Walker and Ken Lay
return to seats.] |
se item re bankruptcy bill.
Lisa J. Mellencamp
Enron North America Corp.
1400 Smith St.
Houston, TX 77002
Tel: (713) 853-7986
Fax: (713) 646-3393
E-mail: [email protected]
----- Forwarded by Lisa Mellencamp/HOU/ECT on 09/25/2000 11:38 AM -----
"David Rosenzweig" <[email protected]>
09/25/2000 11:36 AM
To: undisclosed-recipients:;
cc:
Subject: Fulbright Daily Bankruptcy News
FULBRIGHT & JAWORSKI L.L.P.
DAILY BANKRUPTCY NEWS
From: Wm. J. Rochelle, III Monday, September 25, 2000
Fulbright - New York
Filings:
AHT Corp. (Nasdaq:AHTC) filed chapter 11 on Friday in White Plains, New
York, along with a deal to sell its health care "E" commerce business for $15
million in cash and stock to a competitor named BioShield Technologies Inc.
(Nasdaq:BSTI). AHT listed assets of $2.5 million versus liabilities of $8.4
million. The deal is slated to pay creditors in full while giving
stockholders ten cents in cash per share plus stock in BioShield.
The banks called their loan on Signal Apparel Company, Inc. (OTCBB:SIAY),
which responded by filing chapter 11 on Friday somewhere other than Delaware
(New York to be precise). Signal designs and markets activewear, swimwear
and bodywear and says it is negotiating DIP financing with the banks.
Bankruptcy reform update:
It now looks like bankruptcy reform legislation is dead for this term. On
Friday the President said he would veto a new Republican bill that would have
omitted some of the more controversial items. Despite the change, the
President's spokesman said that "too many of the bill's provisions . . . will
place unnecessary barriers before those who genuinely need bankruptcy
protection when faced with the most difficult situations life has to offer."
Bankruptcy alternative:
Maybe eBay will become an alternative to filing chapter 11 in Delaware.
Example: eSeated.com consumed $5 million in initial funding developing a
system for making restaurant reservations online. Unable to complete another
financing, the company is selling its assets on eBay. Commenting on the
sale, the company's founder said, "This is the ultimate act of desperation in
a very non-liquid market."
Filing possible:
The SEC has won the appointment of a receiver for Capital Consultants LLC,
which manages $1 billion in union pension funds. Capital was allegedly being
run as a Ponzi scheme.
Downgrade:
In February S&P took investment grade status away from National Health
Investors Inc., a Nashville REIT that invests in assisted living and long
term health care facilities. S&P downgraded again on Friday, this time
lowering the corporate rating and senior notes by two clicks each to B+. A
$102 million unsecured revolver matures next month, and giving collateral to
the banks may result in another downgrade. See F&J Daily Bankr. News of Feb.
24 and May 30.
Updates:
Pro Air Inc., a "low cost" airline based in Detroit, filed chapter 11 last
week after the FAA grounded its three aircraft for alleged safety
violations. The airline now admits it could not begin flight operations
again for at least three months. See F&J Daily Bankr. News of May 10 and
Sept. 20.
Safety-Kleen could not convince the court of appeals to allow the company to
continue operating a landfill in South Carolina while suing in federal court
to set aside a state court order directing that the landfill be closed. The
company contended that the shut down order was in retaliation for filing
chapter 11 in June. See F&J Daily Bankr. News of Feb. 8 & 17, March 8, 13,
14, 15, 17 & 28, April 19 & 28, May 1 & 17, June 6, 12, 15, 20 & 21, July 7,
10, 11, 12 & 17 and Sept. 13.
In late December the appeals court held that the FCC has exclusive
jurisdiction to regulate the wireless licenses owned by NextWave Telecom
Inc. Relying on the decision, the FCC canceled NextWave's licenses, and
NextWave immediately turned to the bankruptcy court for help. The bankruptcy
court quickly ruled that the FCC's action was "self-help repossession by
ambush" and set aside the agency's license terminations. In May, the FCC won
its appeal in the Second Circuit Court of Appeals, which upheld the FCC's
cancellation of the licenses. NextWave has now filed an appeal to the
Supreme Court. Unless NextWave wins in the Supreme Court, the company has
virtually nothing left to reorganize. The press has been saying that a
resale of the licenses could bring the government as much as $10 billion (no
typo) at the next frequency auction now scheduled for December 12. See F&J
Daily Bankr. News of June 9, 10 & 16, Oct. 22 of 98 and Aug. 2, 12 & 17,
Sept. 1, 21 & 22, Oct. 21, Nov. 29 and Dec. 17, 22 & 27 of 99 and Jan 13,
14, 19 & 27, Feb. 1 & 11 and May 26 of 00.
Sold:
Aureal Inc. filed chapter 11 this spring in Oakland, Calif., and the
bankruptcy court approved the sale of the company's assets for $32 million to
Creative Technology Ltd. Aureal developed and marketed audio semiconductor
technologies for the PC and consumer electronics markets. See F&J Daily
Bankr. News of April 6.
Fulbright & Jaworski L.L.P. makes NO WARRANTIES OR REPRESENTATIONS OF ANY
SORT with respect to this report, including any warranties or representations
as to the accuracy or completeness of any of the information, facts, or
opinions contained herein. By having requested receipt of these reports, the
recipient acknowledges that the receipt of these reports does not constitute
the receipt of legal advice and does not, by itself, establish an
attorney-client relationship. These reports are provided as a courtesy
solely for the recipient's information and may not be reproduced or
distributed to any third parties without Fulbright's express written
authorization.
- BKNEWS.wpd |
Another defeat for Davis. Tough break. Is the judge's proposed decision available?
Best,
Jeff
FERC Judge Urges Dismissal Of Calif Complaint Vs El Paso
WASHINGTON -(Dow Jones)- An administrative law judge has recommended the U.S. Federal Energy Regulatory Commission dismiss a complaint alleging El Paso Corp. (EPG) manipulated the market for natural gas sales into California .
The ruling in the high-profile, politically charged case was a setback for California , which had sought to hold El Paso financially accountable not only for higher natural gas prices, but also for the resulting higher electricity prices in a state heavily dependent upon gas-fired power plants.
"While ... El Paso Pipeline and El Paso Merchant had the ability to exercise market power, the record in this case isn't at all clear that they in fact exercised market power," Curtis Wagner, FERC's chief administrative law judge, concluded in an initial decision forwarded to the commission late Tuesday.
The California Public Utilities Commission, which filed the complaint against El Paso, said later Tuesday that it would appeal Wagner's decision on market manipulation.
In a small victory for the state, Wagner did find that El Paso officials violated FERC's "standards of conduct" rules barring the sharing of market-sensitive information between pipeline companies and their natural-gas marketing affiliates.
"El Paso Corp., El Paso Pipeline, and El Paso Merchant are guilty of affiliate abuse," Wagner concluded.
"There was a dialogue between the pipeline affiliates and the marketing affiliate that gave an unfair advantage to the bidding" by the marketing unit for El Paso pipeline capacity into California , Wagner said.
FERC had dismissed the issue of affiliate abuse on March 28 without a hearing. At Wagner's request, the commission later agreed to reopen the issue during a hearing into the market-manipulation complaint.
The proceeding, which began April 4 and concluded August 6, resulted in a hearing record of 32 volumes and totaled 5,573 pages, while 515 exhibits were entered into evidence, Wagner reported.
"The briefs measured approximately one linear foot," he said.
Contracting With Affiliates
At issue are contracts worth $38.5 million that El Paso's marketing unit entered into with its pipeline affiliate to secure 1.2 billion cubic feet per day of firm transportation capacity into California from March 2000 through June 2001.
California argued El Paso had used its control of pipeline space to limit the supply of gas into the state and boost prices.
The contract period coincided with an unprecedented period of power-market volatility, in which skyrocketing natural gas costs contributed to extreme spikes in electricity prices that ultimately rendered the state's utilities insolvent.
The judge found that the contracts gave El Paso Merchant more than a 35% market share, the market-power threshold under FERC's merger guidelines, based on his interpretation of the relevant market. El Paso had argued for the higher antitrust-law threshold of 50%, but Wagner ruled that the lower standard should apply.
But while that market share gave El Paso the "ability to exercise market power," Wagner said, "it is not at all clear from the record in the proceeding that El Paso Merchant and El Paso Pipeline exercised market power."
The record offers only mixed support for allegations by the CPUC and utilities in the state that El Paso withheld gas supplies to drive up prices, Wagner said.
From March through October 2000, El Paso's capacity utilization rate was about half the rate of other shippers, while for the remainder of the contract, the full capacity was used.
Wagner concluded that El Paso's compliance with FERC rules requiring companies that control pipeline capacity to offer unused capacity to other shippers constituted an effective check against market power.
Improper Communications Seen
Where the state scored a win was in the second phase of the hearing, where Wagner heard evidence on allegations of affiliate abuse.
Wagner cited telephone records and correspondence to conclude that El Paso violated FERC rules requiring pipelines and affiliated marketers to operate independently of one another. The rules also restrict communications between pipeline operating personnel and affiliated marketers.
Transcripts of telephone conversations between pipeline and marketing employees of El Paso "demonstrate blatant collusion ... to keep secret a discount for service" on El Paso's Mojave system until the open season was over in which Merchant was bidding for the pipeline capacity on the sister pipeline, Wagner said, including the transcripts in his opinion.
Wagner determined that the transcript offered a "prima facie" case of affiliate abuse, and urged El Paso to present witnesses to rebut his finding. But El Paso declined to present the witnesses, the opinion noted.
Wagner also cited a confidential memorandum to William Wise, El Paso's chief executive, from the head of El Paso Merchant as contributing to his conclusion that El Paso and its pipeline and marketing affiliates "were in clear violation" of FERC's affiliate-abuse rules.
El Paso replied in a statement that the commission had considered the same evidence and found no abuse in its March 28 ruling. The commission would commit a "legal error" if it adopted the judge's views, the company said.
The parties have 30 days to file briefs taking exception to the judge's findings. The commission can either accept or reject the judge's findings.
However the commission ultimately rules in the case, it is expected to end up appealed before a federal appeals court. |
Steve --
What's up??
Jim
-----Original Message-----
From: Cantrell, Rebecca W.
Sent: Thursday, October 25, 2001 10:02 AM
To: Greif, Donna; Calcagno, Suzanne
Cc: Superty, Robert; Driscoll-Ernest, Marde L.; Tate, Paul; Vanderhorst,
Barry; Wiltfong, Jim; Sullivan, Colleen; Black, Don; Bray, Hayden;
Montovano, Steve; Steffes, James D.; Kingerski, Harry; Lawner, Leslie
Subject: RE: Tariff changes effective October 22, 2001
FYI, Pennsylvania LDC issues with the PUC are handled through Steve Montovano's group, but I don't know which of his people has primary responsibility.
-----Original Message-----
From: Greif, Donna
Sent: Wednesday, October 24, 2001 8:24 PM
To: Calcagno, Suzanne
Cc: Superty, Robert; Cantrell, Rebecca W.; Driscoll-Ernest, Marde L.
Subject: FW: Tariff changes effective October 22, 2001
FYI...
-----Original Message-----
From: Migden, Janine
Sent: Monday, October 22, 2001 8:37 AM
To: Driscoll-Ernest, Marde L.
Cc: Greif, Donna; Tate, Paul; Vanderhorst, Barry; Wiltfong, Jim;
Sullivan, Colleen; Superty, Robert; Black, Don; Bray, Hayden
Subject: RE: Tariff changes effective October 22, 2001
Marde,
Pennsylvaina is not part of my region. I have forwarded this on to see if I can get you the info you need.
Janine
-----Original Message-----
From: Driscoll-Ernest, Marde L.
Sent: Wednesday, October 17, 2001 4:52 PM
To: Migden, Janine
Cc: Greif, Donna; Tate, Paul; Vanderhorst, Barry; Wiltfong, Jim;
Sullivan, Colleen; Superty, Robert; Black, Don; Bray, Hayden
Subject: FW: Tariff changes effective October 22, 2001
Importance: High
Janine: Was anyone in regulatory involved with this? We found out this was coming last week at the CPA Shipper meeting. This is going to cause a curve shift which could have been minimized had we known it was coming. Thanks! mde
-----Original Message-----
From: Smith, Rhonda
Sent: Wednesday, October 17, 2001 4:26 PM
To: Bray, Hayden
Cc: Driscoll-Ernest, Marde L.; Vanderhorst, Barry
Subject: FW: Tariff changes effective October 22, 2001
Josh,
Please make sure you are on Shirley's mailing list, I didn't see your name listed.
Thanks
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Wednesday, October 17, 2001 4:09 PM
To: [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]
Subject: Tariff changes effective October 22, 2001
The following notice was posted on the Nominations Electronic Bulletin
Board today:
On October 12, 2001 the Pennsylvania Public Utility Commission approved
Columbia's tariff filing to become effective on October 22, 2001, subject
to an Administrative Law Judge Recommendation. This tariff filing includes
several changes that may be important to suppliers, such as changes in
Columbia's banking and balancing service, introduction of a new Flow Order
Management Service, and a new Imbalance Trading Service.
The full text of Columbia's original tariff proposals, as filed with the PA
Public Utility Commission on August 22, 2001, can be accessed at the
following site:
h
ttp://www.columbiagaspamd.com/products_services/tariff_revisions_effective_oct.htm
Shippers serving aggregation pools on the Columbia Gas of Pennsylvania,
Inc. system should carefully review Columbia's new Elective Balancing
Service (proposed tariff pages 164 - 169) and choose one of the three
balancing service options for each aggregation pool. Also, suppliers who
have been designated as an authorized agent for non-aggregated customers
may choose an elective balancing option on behalf of those customers.
Columbia's current estimated rate for Option 1, Full Balancing Service, is
as follows:
SGS, SDS Customers $0.20/Mcf
LDS, MLS Customers $0.10/Mcf
Please note that Columbia's interruptible banking and balancing service
will no longer be available. The cost for the interruptible service
($0.1109/Mcf for SGS and SDS, and $0.0358 for LDS and MLS) will be removed
from customers' distribution rates when the new Elective Balancing Services
become effective.
Under the newly approved Elective Balancing Service (Rider EBS), customers
or their authorized agents are given 20 days in which to elect their
service option. Customers or their authorized agents who do not elect one
of the three Elective Balancing Service options on or before November 12,
2001 will default to Option 1, Full Balancing Service. Columbia will post
final rates for Rider EBS Option 1 by the close of business on November 15,
2001. If the final rates exceed the above estimated rates by more than
20%, customers or their authorized agents who have elected Option 1 may
change their election by submitting a change to Columbia in writing by the
close of business on November 20, 2001. Columbia will begin providing
service under the elected option as of December 1, 2001.
A form for the election of Rider EBS options will be e-mailed to the
"notices" contact person for each supplier that is active on the Columbia
Gas of Pennsylvania systemwhen it is available.
Please contact your Columbia Gas of Pennsylvania, Inc. representative at
412-572-7117 with any questions relating to these new services.
Attached are the forms and a brief outline of the changes.
(See attached file: EBS & FOMS forms.doc)
Shirley |
Mary Hain has resigned her position with Enron. Please remove her from all
your mail lists.
Thank you.
Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.
Enron Capital & Trade Resources Corp.
From: "Ferranti, Bill" <[email protected]>
03/21/2001 04:41 PM
To: "'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "Ferranti, Bill"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"Schoenbeck, Don" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "Speer, Jack" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "Early, Michael"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "Forsyth, Pete"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "Murphy, Paul" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "Bliven, Ray" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>, "'[email protected]'" <[email protected]>
cc:
Subject: WP-02 Data Response
<<PN-DS-001-004.doc>>
Attached is the response to PN-DS:001-004 and PN-AL:001-004.
Bill Ferranti
Murphy & Buchal LLP
503-227-1011
[email protected]
- PN-DS-001-004.doc |
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 05/01/2001 02:14 PM ---------------------------
Outlook Migration Team@ENRON
04/27/2001 01:01 PM
To: Allison Horton/NA/Enron@ENRON, Amir Baig/NA/Enron@ENRON, Brandon Bangerter/NA/Enron@Enron, Brian Ellis/Corp/Enron@Enron, Charles Philpott/HR/Corp/Enron@ENRON, Chris P Wood/NA/Enron@Enron, Chris Tull/HOU/ECT@ECT, Dale Smith/Corp/Enron@ENRON, Dave June/NA/Enron@ENRON, Donald Sutton/NA/Enron@Enron, Felicia Buenrostro/HR/Corp/Enron@ENRON, Johnna Morrison/Corp/Enron@ENRON, Joe Dorn/Corp/Enron@ENRON, Kathryn Schultea/HR/Corp/Enron@ENRON, Leon McDowell/NA/Enron@ENRON, Leticia Barrios/Corp/Enron@ENRON, Milton Brown/HR/Corp/Enron@ENRON, Raj Perubhatla/Corp/Enron@Enron, Shekar Komatireddy/NA/Enron@Enron, Andrea Yowman/Corp/Enron@ENRON, Angie O'Brian/HR/Corp/Enron@ENRON, Bonne Castellano/HR/Corp/Enron@ENRON, Gwynn Gorsuch/NA/Enron@ENRON, Jo Ann Matson/Corp/Enron@ENRON, LaQuitta Washington/HR/Corp/Enron@ENRON, Rick Johnson/HR/Corp/Enron@ENRON, Sandra Lighthill/HR/Corp/Enron@ENRON, Valeria A Hope/HOU/ECT@ECT, Charlotte Brown/HR/Corp/Enron@ENRON, Ronald Fain/HR/Corp/Enron@ENRON, Gary Fitch/HR/Corp/Enron@Enron, Anna Harris/HR/Corp/Enron@ENRON, Keith Jones/HR/Corp/Enron@ENRON, Kristi Monson/NA/Enron@Enron, Bobbie McNiel/HR/Corp/Enron@ENRON, John Stabler/HR/Corp/Enron@ENRON, Michelle Prince/NA/Enron@Enron, James Gramke/NA/Enron@ENRON, Blair Hicks/NA/Enron@ENRON, Jennifer Johnson/Contractor/Enron Communications@Enron Communications, Jim Little/Enron@EnronXGate, Dale Lukert/NA/Enron@ENRON, Donald Martin/NA/Enron@ENRON, Andrew Mattei/NA/Enron@ENRON, Darvin Mitchell/NA/Enron@ENRON, Mark Oldham/NA/Enron@ENRON, Wesley Pearson/NA/Enron@ENRON, Ramon Pizarro/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Natalie Rau/NA/Enron@ENRON, William Redick/NA/Enron@ENRON, Mark A Richardson/NA/Enron@ENRON, Joseph Schnieders/NA/Enron@ENRON, Gary Simmons/NA/Enron@Enron, Delaney Trimble/NA/Enron@ENRON, David Upton/NA/Enron@ENRON, Mike Boegler/HR/Corp/Enron@ENRON, Lyndel Click/HR/Corp/Enron@ENRON, Gabriel Franco/NA/Enron@Enron, Randy Gross/HR/Corp/Enron@Enron, Arthur Johnson/HR/Corp/Enron@Enron, Danny Jones/HR/Corp/Enron@ENRON, John Ogden/Houston/Eott@Eott, Edgar Ponce/NA/Enron@Enron, Tracy Pursifull/HR/Corp/Enron@ENRON, Lance Stanley/HR/Corp/Enron@ENRON, Frank Ermis/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Jay Reitmeyer/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Matthew Lenhart/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Monique Sanchez/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Tori Kuykendall/HOU/ECT@ECT, Brenda H Fletcher/HOU/ECT@ECT, Jeanne Wukasch/Corp/Enron@ENRON, Mary Theresa Franklin/HOU/ECT@ECT, Mike Potter/NA/Enron@Enron, Natalie Baker/HOU/ECT@ECT, Suzanne Calcagno/NA/Enron@Enron, Alvin Thompson/Corp/Enron@Enron, Cynthia Franklin/Corp/Enron@ENRON, Jesse Villarreal/HOU/ECT@ECT, Joan Collins/HOU/EES@EES, Joe A Casas/HOU/ECT@ECT, Kelly Loocke/ENRON@enronXgate, Lia Halstead/NA/Enron@ENRON, Meredith Homco/HOU/ECT@ECT, Robert Allwein/HOU/ECT@ECT, Scott Loving/NA/Enron@ENRON, Shanna Boudreaux/ENRON@enronXgate, Steve Gillespie/Corp/Enron@ENRON, Tamara Carter/NA/Enron@ENRON, Tracy Wood/NA/Enron@ENRON, Gabriel Fuzat/Enron Communications@Enron Communications, Jack Netek/Enron Communications@Enron Communications, Lam Nguyen/NA/Enron@Enron, Camille Gerard/Corp/Enron@ENRON, Craig Taylor/HOU/ECT@ECT, Jessica Hangach/NYC/MGUSA@MGUSA, Kathy Gagel/NYC/MGUSA@MGUSA, Lisa Goulart/NYC/MGUSA@MGUSA, Ruth Balladares/NYC/MGUSA@MGUSA, Sid Strutt/NYC/MGUSA@MGUSA
cc:
Subject: 4-URGENT - OWA Please print this now.
Current Notes User:
REASONS FOR USING OUTLOOK WEB ACCESS (OWA)
1. Once your mailbox has been migrated from Notes to Outlook, the Outlook client will be configured on your computer.
After migration of your mailbox, you will not be able to send or recieve mail via Notes, and you will not be able to start using Outlook until it is configured by the Outlook Migration team the morning after your mailbox is migrated. During this period, you can use Outlook Web Access (OWA) via your web browser (Internet Explorer 5.0) to read and send mail.
PLEASE NOTE: Your calendar entries, personal address book, journals, and To-Do entries imported from Notes will not be available until the Outlook client is configured on your desktop.
2. Remote access to your mailbox.
After your Outlook client is configured, you can use Outlook Web Access (OWA) for remote access to your mailbox.
PLEASE NOTE: At this time, the OWA client is only accessible while connecting to the Enron network (LAN). There are future plans to make OWA available from your home or when traveling abroad.
HOW TO ACCESS OUTLOOK WEB ACCESS (OWA)
Launch Internet Explorer 5.0, and in the address window type: http://nahou-msowa01p/exchange/john.doe
Substitute "john.doe" with your first and last name, then click ENTER. You will be prompted with a sign in box as shown below. Type in "corp/your user id" for the user name and your NT password to logon to OWA and click OK. You will now be able to view your mailbox.
PLEASE NOTE: There are some subtle differences in the functionality between the Outlook and OWA clients. You will not be able to do many of the things in OWA that you can do in Outlook. Below is a brief list of *some* of the functions NOT available via OWA:
Features NOT available using OWA:
- Tasks
- Journal
- Spell Checker
- Offline Use
- Printing Templates
- Reminders
- Timed Delivery
- Expiration
- Outlook Rules
- Voting, Message Flags and Message Recall
- Sharing Contacts with others
- Task Delegation
- Direct Resource Booking
- Personal Distribution Lists
QUESTIONS OR CONCERNS?
If you have questions or concerns using the OWA client, please contact the Outlook 2000 question and answer Mailbox at:
[email protected]
Otherwise, you may contact the Resolution Center at:
713-853-1411
Thank you,
Outlook 2000 Migration Team |
FYI - not sure if you guys saw this! Still looking for a corporate customer
to go on record.
Peggy
---------------------- Forwarded by Peggy Mahoney/HOU/EES on 09/14/2000 06:06
PM ---------------------------
Enron Energy Services
From: Christopher Smith 09/14/2000 11:54 AM
To: Peggy Mahoney/HOU/EES@EES
cc:
Subject: Enron Energy Services: With Dereg Under Fire,Enron Calif Elec
Business Heats Up
FYI
---------------------- Forwarded by Christopher Smith/HOU/EES on 09/14/2000
11:54 AM ---------------------------
[email protected] on 09/14/2000 12:41:56 PM
Please respond to [email protected]
To: [email protected]
cc:
Subject: Enron Energy Services: With Dereg Under Fire,Enron Calif Elec
Business Heats Up
With Dereg Under Fire,Enron Calif Elec Business Heats Up
By Jason Leopold
09/14/2000
Dow Jones Energy Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)
LOS ANGELES -(Dow Jones)- While federal regulators try to find a way to
stabilize soaring wholesale electricity prices in California, Enron Corp.
(ENE) has been quietly striking up deals with some suburban communities to
sell them fixed-price power at a lower rate.
In the past month, the Houston-based electricity service provider entered
into long-term fixed-rate contracts with the city of Roseville and is
negotiating similar deals with the cities of San Marcos and Chula Vista. Both
of those cities currently get their power from San Diego Gas & Electric Co, a
unit of Sempra Energy Inc. (SRE), and pay market rates for electricity.
Enron has also struck a deal with Starwood Hotels & Resorts Worldwide Inc.
(HOT), one of the world's largest hospitality companies, to sell the company
electricity at a fixed rate for the next 10 years. The company has four hotels
in California, three of which buy their power from SDG&E.
Sources close to the matter said Enron has contracted to sell the hotel
power at about 6 cents per kilowatt-hour, compared with the 22.5 cents/KWh
Starwood said it was charged by SDG&E in August.
Neither company would disclose the terms of the deal. But Starwood said it
expects to reduce its energy costs by more than $200 million over the next 10
years.
Enron, the largest trader of electricity and natural gas in the U.S., will
purchase power to cover such contracts on the wholesale markets and use its
experience to manage the risks, while paying a fee to utilities like SDG&E for
use of their distribution networks.
"That really is our core strength," said Harold Buchanan, chief operating
officer for Enron Energy Services North America. "We understand how to manage
those risks."
High Rates Driving Industrial Customers, Cities To Switch
The growing interest in fixed-price supply contracts is fueling a comeback
of sorts for Enron.
The Houston-based company had tried to break into California's retail power
market just after deregulation, even spending nearly $1 million to advertise
the venture during the Super Bowl. But Enron gave up trying to win residential
customers in 1998, citing disappointing response and lower-than-expected
profits.
That was when deregulation and competitive power markets were full of
promise. Oddly enough, now that deregulation is coming under attack in
California, soaring power prices are building demand for Enron's services.
The company is fielding calls from large industrial customers in San Diego
that have seen their utility bills triple in the past three months and are
interested in signing long-term fixed-rate contracts, Buchanan said.
"Overall, what Enron can provide is reliability pricing in San Diego that's
written in stone," Buchanan said. "It's far cheaper than what they're paying
now with the utilities."
A number of large industrial customers negotiating with Enron declined to
comment.
The city of Roseville, near Sacramento, entered into a $114 million contract
with Enron last month to purchase 50 megawatts of electricity for five years
at $49 per megawatt-hour.
Furthermore, the city has started talks with Enron about building and
operating a 750-megawatt natural gas-fired power plant that city officials
expect will contribute to lower costs for the purchase of electricity.
Mayor Harry Crabb said the plant could protect residents from the price
spikes that have plagued customers of SDG&E since June.
San Marcos, in San Diego County, is proposing to switch electricity service
for its 10,000 residents to Enron from SDG&E - a move the City Council said
could shave about $12 million a year off the city's power bill. Enron has said
it would offer the city terms nearly identical to those it offered Roseville.
An SDG&E spokesman said last week that the utility supports such
arrangements, saying they're one way deregulation is supposed to work.
Enron offered earlier this summer to sell power to SDG&E itself for four
years at a fixed rate of 5.5 cents/KWh, but the utility said the price was too
high.
California Gov. Gray Davis signed legislation two weeks ago to cap
electricity rates for SDG&E's customers at 6.5 cents/KWh.
-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
[email protected]
Folder Name: Enron Energy Services
Relevance Score on Scale of 100: 80
______________________________________________________________________
To review or revise your folder, visit http://www.djinteractive.com or
contact Dow Jones Customer Service by e-mail at [email protected]
or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511
or contact your local sales representative.)
______________________________________________________________________
Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved |
In order to continually develop and make improvements to the functionality of EnronOnline we are rolling out several changes tonight, which will be in effect on Monday August 20, 2001. Some of these changes will affect Stack Manager while others affect the Website. A summary of these changes is listed below.
Stack Manager Changes
Top of Stack limit orders - This feature will allow the price submitted via limit orders to be displayed on the website if their bid or offer is better than the trader's stack price. Stack Manger will list the price and the names of counterparties submitting such orders on the floated stack window. Orders will be queued by price and time stamp. When a counterparty trades on a " Top of Stack Entry" it will create back to back transactions; one between Enron and the counterparty submitting the order, and the other between Enron and the counterparty clicking on the website.
In order to turn on this functionality select the " Allowed Top of Stack" option, in the Orders section of the product properties page. If regular limit order functionality is desired the "Allowed" option should be selected.
Please note that this feature will be released in a disabled mode and will be turned on sometime next week after determining which business units want to roll this out.
Restricted Top of Stack limit orders - This feature will allow the price submitted only by internal traders via limit orders to be displayed on the website if their bid or offer is better than the trader's stack price. Stack Manger will list price and the names of counterparties submitting such orders on the floated stack window. Orders will be queued by price and time stamp. When a counterparty trades on a " Top of Stack Entry" it will create back to back transactions one between Enron and the counterparty submitting the order, and the other between Enron and the counterparty clicking on the website.
In order to turn on this functionality select the " allowed as Restricted Top of Stack" option, in the Orders section of the product properties page. If regular limit order functionality is desired the "Allowed" option should be selected. If a product has active orders against it you will not be able to select the "Restricted Top of Stack" feature.
Advanced Filtering Ability on All Products Tab - Drop down filtering capability is now available for each field in the All Products tab in stack manager. In order to filter click on the arrow next to the field title. A drop down box with a list of attributes will appear. Highlight the attribute by which you wish to filter. To turn off the filter click on the arrow and select the " All" option from the drop down box.
Website Changes
New Submission Screen for Restricted Top of Stack Limit Orders - The submission screen for products that allow Top of Stack or Restricted Top of Stack limit orders is as follows.
The submit button on the left makes a submission for a normal transaction, while the button on the right will submit as a limit order. In case of the Restricted Top of Stack limit orders only internal traders will see the new submission box.
Price of Limit Orders
Modify Limit Orders
Customers now have the ability to modify the price of any active order. In order to do so highlight the order to be modified and use the plus or minus sign next to the price field on at the top of the "Today's Orders" section. The price will move up or down in the same increments as the tick size for that product. Once the price is at the desired level click the "Set" button and the price will be modified. Another way to modify the price on a limit order is to click on the price field on a particular limit order. You will see a box with plus, minus and set buttons that allow you to modify that order.
Expiration time for Limit Orders
Customers can now place limit orders with expiration times of up to 30 days. Currently they may place orders for only up to 12 hours.
Float the Today's Orders Section
You can now float the " Limit Order " section. In order to do so, right click in the "Today's Orders " section and select the float window option. In order to make the window " Stay On Top " right click on the floated window and select the stay on top option.
Mid Market Client - Mid market originators will now have the ability to transact on behalf of their customers, while including their desired margin on the trade, on EnronOnline products. In order to do so Click on the bid or offer price, a customised submission window will appear. Select the counterparty for whom you wish to transact from a drop down list , enter the desired customer price and margin and click submit. For example if a customer wants to buy Nymex Sep 01 at 3.36 and you wish to have a 1 cent margin, please enter 3.36 as the desired price and 0.01 as the margin. The system will trade the order when the EnronOnline offer for Nymex Sep 01 is at 3.35, book the trade at 3.36 and record the 0.01 origination amount.
In order to be set up to use this functionality. Please call the EnronOnline Product Control Group.
Changes to Website Passwords - As an added security measure, which has been requested by many customers, some new password rules have been instituted. First, the password cannot be equal to the login ID. Second, each user will be prompted to change his password every 90 days. These rules apply to all website passwords for both internal and external users.
Please note Stack Manager changes will be available all traders as of Monday August 20, 2001. The changes to the website will be rolled out to a few internal users on Monday with the rest of the internal users being upgraded Monday night, and external users by the end of the week. Over the next couple of weeks all users will be prompted to change their website passwords.
If you have any questions regarding these changes please contact me at 713-853-1787.
Savita Puthigai
<Embedded Paintbrush Picture> |
FYI>
?
----- Original Message -----
From: andy brown
To: [email protected] ; [email protected] ; [email protected] ; dkk ; runwithmee ;
Andy Brown ; Eric Janssen ; cte ; Gregory Maxim ; [email protected] ;
[email protected]
Sent: Friday, October 20, 2000 7:53 AM
Subject: FERC & California markets
Article noting that FERC will have special meeting on Nov 1 re California
markets, also Article that Terry Winter is having a press conference today
(Friday) about how the market will be fixed:
FERC To Meet Nov 9 To Propose Remedies To Calif
??????????????????? Pwr Mkt
??????????????????? Friday, October 20, 2000 08:17 AM
?
??????????????????? LOS ANGELES (Dow Jones)--In an unusual move, the Federal
Energy Regulatory
??????????????????? Commission said Thursday it will meet Nov. 1 to discuss
remedies to California's
??????????????????? troubled wholesale power market.
??????????????????? Details of a probe into California's wholesale
electricity market will also be released at
??????????????????? the Nov. 1 meeting. As reported, state and federal
regulators launched the probe over
??????????????????? the summer, saying the market wasn't workably
competitive.
??????????????????? FERC also said it expects to hold a public hearing Nov.
9 to discuss possible
??????????????????? solutions to California's power crisis.
??????????????????? The place and time of both meetings haven't been decided
yet.
??????????????????? Regarding Thursday's announcement, FERC Commissioner
Curt Hebert said "rather
??????????????????? than waiting for Nov. 1 to release the findings of our
staff's investigation, I urge the
??????????????????? chairman to release the completed report now...it can
only help heal the raw emotions
??????????????????? rampant in the state of California."
??????????????????? FERC said it was rare that it would announce details of
its procedures. The
??????????????????? commission said its own rules don't allow it to normally
announce its procedures.
??????????????????? "Because of the need for expeditious action to address
the serious issues affecting
??????????????????? California electric power markets and California
consumers...the commission is taking
??????????????????? the unusual step of announcing in advance the procedures
it expects to follow over the
??????????????????? coming weeks to move forward in these proceedings," the
FERC order said.
??????????????????? The commission said it will give a three-week deadline
for parties to intervene and to
??????????????????? comment on the possible solutions presented by the
commission.
??????????????????? FERC said it anticipates issuing an order by the end of
the year "adopting and
??????????????????? directing remedies to promptly address to the extent
possible the identified problems
??????????????????? adversely affecting competitive power markets in
California."
??????????????????? If necessary, FERC said it would hold additional
meetings to develop solutions "to
??????????????????? other identified problems."
??????????????????? California's wholesale power prices soared this past
summer. Customers of San
??????????????????? Diego Gas & Electric Co., a unit of Sempra Energy Corp.
(SRE, news, msgs), paid
??????????????????? market-based rates for power, which resulted in
triple-digit utility bills for its customers.
??????????????????? The state's three investor-owned utilities also racked
up billions of dollars in debt due
??????????????????? to high wholesale costs.
??????????????????? SDG&E customers are currently paying a fixed rate for
their power, while customers of
??????????????????? the state's other two utilities are still bound by a
rate-freeze.
??????????????????? Generators have been accused of gouging customers and
manipulating the market,
??????????????????? although no evidence has been offered up yet. However,
the FERC investigation may
??????????????????? address that.
??????????????????? -By Jason Leopold, Dow Jones Newswires; 323-658-3874;
??????????????????? [email protected]
Cal-ISO CEO To Announce Remedy To Lower Power
??????????????????? Cost
??????????????????? Friday, October 20, 2000 08:16 AM
??????????????????? (This article was originally published Thursday)
??????????????????? LOS ANGELES (Dow Jones)--California Independent System
Operator Chairman and
??????????????????? Chief Executive Terry Winter will hold a news conference
Friday morning to announce
??????????????????? a possible solution to reduce the state's electricity
costs.
??????????????????? An ISO spokesman wouldn't comment on the details of the
news conference.
??????????????????? According to a news release, Winter will speak about
"potential vehicles for containing
??????????????????? costs, while maintaining the ISO's high standards of
reliability."
??????????????????? The ISO controls about 75% of California's power grid
and real-time market. As
??????????????????? already reported, the grid operator has come under fire
this summer for failing to
??????????????????? immediately reduce a price cap in its real-time market.
??????????????????? Currently, state Sen. Steve Peace, D-Chula Vista, is
drafting legislation to merge the
??????????????????? ISO and the state's Power Exchange.
??????????????????? -By Jason Leopold, Dow Jones Newswires; 323-658-3874;
??????????????????? [email protected]
??????????????????? Quote for referenced ticker symbols: EIX, PCG, SRE
??????????????????? , 2000 Dow Jones & Company, Inc. All Rights Reserved. |
There are two David Dupres at Enron. Please insure that you are sending these to correct one.
-----Original Message-----
From: Richards, Andrea
Sent: Thursday, May 24, 2001 4:25 PM
To: Anai, Rousseau; Leung, Steven; Luu, Diana; Mcquade, Jennifer; Morris, Jeremy; Rosa, Robert; Salisbury, Holden; Williams, Willie; Ahmed, Ali; Anderson, Jonathan; Andrews, Travis; Bakondy, James; Baldwin, Tom; Benjelloun, Hicham; Blackburn, Nate; Breen, Erika; Burk, Bart; Cardenas, Catalina; Causholli, Monika; Chavez, Gabriel; Coffing, Timothy; Day, Justin; Donaldson, Ivan; Dupre, David; Enochian, Sam; Eriksson, Fredrik; Escueta, Tricia; Gandhi, Sachin; Gautam, Millie; Gelin, Elberg; Gonzalez, Gabriel; Gross, Michelle; Guggenheim, Victor; Guilmino, Brad; Ha, Amie; Hernandez, Ana Maria; Hill, Veronica; Iyengar, Rachana; Jefferson, Shereka; Johnson, Heather A.; Johnston, Elizabeth; Jones, Brad; Junus, David; Justice, Gary; Kang, Daniel; Kendall, Heath; Kim, Grace; Koenig, Colleen; Kolle, Brian; Koskas, Ethel; Kulic, Sladana-Anna; Lo, Jeremy; Mahajan, Ashish; Marks, James; McClain, Jennifer; Merchant, Lane; Miller, Shaleen; Mujica, Mitra; Mujumdar, Ravi; Nash, Clifford; Nekrasova, Irina; Nelson, Kourtney; Oh, Jeffrey; O'Rourke, Ryan; Parent, Alli; Pathak, Neeran; Patton, Stacy; Pehlivanova, Biliana; Pereira, Hans Oliver; Perinne, Albane; Piazze, Tara; Pielop, Jonathon; Pinckney, Terrance; Piotrowski, Joseph; Quinn, Kristin; Rance, Susan; Rank, Sabina; Rehman, Shiraz; Renaud, Lindsay; Rohmer, Gisselle; Saenz, Angela; Schultz, Amanda; Seksaria, Rahul; Shupe, Jacob; Siegel, Adam; Smith, Reginald; Solberg, Geir; Soykok, Gulay; Sprott, Kendell; Steinbrueck, Brian; Stewart, Jennifer N.; Swanson, Blake; Taylor, Sarah; Tefel, Maria; Terhune, Kendra; Thakkar, Ami; Thibodeaux, Ryan; Velez, Luis; Walker, Rebecca; Ward, Peter; Watts, Christopher; Weaver, Sara; Worthing, Ashley; Wussow, Christy; Almy, Matthew; Alviar, Hector; Berry, Philip; Bryce, Samantha; Bucalo, Harry; Bui, Hang; Cavazos, Brandon; Chenoweth, Christopher; Chunchu, Shilpa; Cohen, Brian; Davidson, Julie; Dawson, Jeremy; Deane, Ryan; Dolezal, Regan; Driscoll, Sarah; Duong, Duc; Edmonds, Marcus; El-Azzi, Zeina; Estrada, Israel; Ferrara, Julie; Fortunov, Gallin; Freeman, Ben; Guo, Jin; Hall, Kreg; Hamlin, Mason; Harvey, Damon; Hatten, Micah; Hausinger, Sharon; Hernandez, Alejandro; Hinze, Ryan; Hirsh, Steve; Hoff, Jonathan; Huizer, Christiaan; Hull, Bryan; Jain, Avinash; Khandker, Dayem; Lalji, Farouk; Lang, John; Mallory, Chris; Martinsen, Aaron; Marye, David; Mauritzen, Brad; McCarroll, Zachary; Milliner, Christine; Monroy, Gabriel; Montana, Henry; Olsen, Michael; O'Malley, Justin; Ospina, Felipe; Paipanandiker, Chetan; Pak, Samuel; Patel, Adnan; Patel, Sanjay; Patel, Sheetal; Pham, Binh; Roman, Ace; Segura, Stephanie; Sexton, Anthony; Sidler, Shirley; Sonesson, Martin; Stephens, Leah; St. John, William; Surface, Jerald; Synnott, Ryan; TAYLOR, JAMES; Thomas, George; Thomason, Benjamin; Thrasher, Jodi; To, Cindi; Trejo, Mauricio; Weakly, John; Willis, Erin; Wininger, James; Woolcock, Adrian; Wu, Allan; Benitez, Gerardo; Benke, Shelia; Carlson, Tobin; Chen, Will; COWAN, SUE; Crook, Jody; Day, Misti; Driscoll, Michael M.; Falcone, Daniel; Foley, Neithard; Francis, Marsha; Herrmann, Karen; Hospeti, Savithri; Hunker, David; Hyde, Crystal; Khleif, Samar; King, Melanie; Kolman, Michael; Landry, Chad; La rose, Simone; Lin, Homer; Patel, Purvi; Rodrigue, Robin; Rostant, Justin; Roumel, Jonathan; Saubier, Sebastien; Schlesinger, Lauren; Schultz, Ethan; Simmons, Michael; Snyder, Jeffrey; Spruiell, Michael; Thompson, Justyn; Vegalara, Mateo; Whitehead, James; Winfrey, Travis; Yzquierdo, Raul; Zadorozhny, Roman; Ashby, Kevin; Bennett, Peter; Gillette, Lisa; Huang, Ted; Jaisinghani, Priya; Jantz, Chris; Jeanmard, Petual; Scott, Susan M.; Thompkins, Jason; Jackson, Alton; Zhu, Lena
Cc: Kinneman, Jeff; Fraser, Bridget; Giovannini, Jana; Bland Jr., Ted C.
Subject: ORIGINATION ROTATION OPPORTUNITY IN NEW YORK
ATTENTION ANALYSTS
ORIGINATION ROTATION OPPORTUNITY IN NEW YORK
Enron Credit provides credit risk mitigation solutions to corporations and other financial institutions. We provide information on the "cost-of-credit" and pricing for 10,000 reference names on enroncredit.com to provide corporations with information required to make smart decisions about extending credit. We also participate as one of the larger liquidity providers in the inter-bank Credit Derivative Swap market with live pricing available on ENRONONLINE. Enron Credit has around 70 staff members and is based in London, Houston and a new office in Tokyo and is looking to grow strongly in the future.
Analyst will support 3 Originators in New York
The job would entail:
? doing background analysis on industry sectors and companies in order to target corporations/industry sectors for origination opportunities
? creating power point presentations and compiling background material on targeted clients
? tracking client correspondence
? working on pricing and transactions
? collating market information on pricing
? some marketing/pricing
Requirements are:
? understanding of financial statements
? understanding of credit and financial analysis
? understanding of derivatives
? innovative and interested in finding new business opportunities
? extremely motivated with initiative
? keen to live in NY
If you are interested in this rotation, please send your updated resume to:
Bridget Fraser (hiring manager) 212-715-5256
Jeff Kinneman (VP) 713-853-5398
Or
Andrea Richards (Career Development) 713-853-6499 |
22nd Alaska State Legislature
Senator Drue Pearce (R)
District F - Anchorage
?
?
?
Search
Home
Our Promise
Breaking News
Legislators
E-News
Surveys
Research
Talk Back
Help
Real Audio
Player
Adobe Acrobat
Reader ?
Session:
State Capitol, Room 119
Juneau, AK 99801-1182
Phone: (907) 465-4993
Fax: (907) 465-3872
Send E-Mail
Interim:
716 W 4th, Suite 500
Anchorage, AK 99501-2133
Phone: (907) 269-0200
Fax: (907) 269-0204
Biography
Press Releases
Opinion-Editorial
Personal Legislation
District Information
Legislative Questionnaire
Elected to the House 1984, 1986
Elected to the Senate 1988, 1992, 1994, 1998, 2000
Staff
Pat Carter
Chief of Staff
465-4993 (Jan-May)
269-0200 (September-Dec)
Send E-Mail
Deborah Grundmann
465-4993 (Jan-Dec)
Send E-Mail
Kristy Tibbles
465-4993 (Jan-May)
269-0200 (June-Dec)
Send E-Mail
Biography
Place of Birth: Fairfield, IL
Residency in Alaska: 1977 - present
Fairbanks, Kotzebue, and Anchorage
Occupation: Businesswoman
Former Banker and Teacher
Family: Husband - Michael F.G. Williams
Daughter - Tate Hanna Pearce-Williams.
Education:
Indiana University: 1973
???- B.A., Biological Sciences
Harvard University: 1984
???- M.P.A., Kennedy School of Government
University of Virginia: 1989
???- Darden School of Business, The Executive Program
Alaska State Senate: 1988 - present
Chair, Rules Committee: 2001 - present
Vice-Chair, Resources Committee: 2001 - present
Senate President: 1995-96, 1999-00
Vice-Chair, Transportation Committee: 1999 - 2000
Co-Chair, Finance Committee: 1993-94, 1997-98
Chair, The Energy Council: 1993 - 1994
???- Executive Committee
Chair, Labor & Commerce Committee: 1991 - 1992
Chair, Oil & Gas Committee: 1989 - 1990
Alaska State House of Representatives: 1985 - 1988
Business and Professional Positions:
Partner - Cloverland North and 4150 Company
Investor/Board Member - Wave Energy
Resources Consultant - ASRC
Officer and Branch Manager - Bank of the North
Director - "SummerScene"
Chemistry/Biology Teacher - Indiana
Curator: 1974-77 - The Louisville Zoo
Service Organizations and Community Involvement: Board Service: Alaska
Special Olympics,
???AADC, AWAIC, Anchorage Economic
???Development Corporation, Kotzebue Chamber & PIC,
???and AlaskaAerospace Development Corporation
Member: Anchorage Chamber, Commonwealth North,
???AOPA, Resource Development Council,
???ARWC, AWPC, Exxon Valdez Advisory Committee,
???Alaska Miners Association, Daughters of the
???American Revolution, Arctic Power, USTA,
???Alaska Support Industry Alliance,
???Alaska Federation of Republican Women.
Special Interests:
Family, Friends, Home, Flying, Breeding & Racing Standardbred Horses, United
Methodist Church.
biography last updated 1/23/01
| Top |
Press Releases
Legislature Hires Expert Advisors., 01-30-01
Pearce Refutes False Story., 01-17-01
Pearce Named to Military Advisory Committee., 01-10-01
Past Press Release Archive
2000 Press Release Archive
1999 Press Release Archive
1998 Press Release Archive
1997 Press Release Archive
| Top |
?
Opinion-Editorial
Upcoming Legal Issues Facing Alaskans., 12-06-00
Response to Chris Britt's Editorial Cartoon which appeared in the Illinois
State Journal Register on October 11, 2000.
Interview: YRock's Interview with Alaska's Senate President, Senator Drue
Pearce., 09-22-00
Speech: The Regulatory Commission of Alaska, Observations and Changes One
Year Later, 03-01-00
Why Alaska Should Reject the BP/Arco Merger, 01-30-00
Speech given to Commonwealth North - The Upcoming Session, 12-07-99
Speech to the 3rd Annual Sakhalin Oil and Gas Conference, 11-15-99
We Must Demand Maximum Value from Our Investments, 05-10-99
A Federal Threat on Alaska's Horizon, 04-26-99
State Budget Basics 102 - Alaska's Permanent Fund, 04-07-99
State Budget Basics 101 - Which Fund is Which?, 03-10-99
The State of Alaska's Budget, 12-15-98
Fiscal Challenges Faced by the Upcoming 21'st Alaska Legislature - Speech
given to RDC and the Alliance, 11-20-98
State Budgets: Do We Get What We,re Paying For? - Published in the Anchorage
Daily News, 11-17-98
Pearce Proud of Legislature,s Accomplishments, published in Alliance
Newsletter
| Top |
?
Legislation
Prime Sponsor Legislation
Co-Sponsor Legislation
SB 2 : Municipal School Bond Reimbursement
An Act relating to reimbursement of municipal bonds for school construction;
and providing for an effective date.
SJR 3 : F-22 Raptor Aircraft at Elmendorf AFB
Relating to the deployment of F-22 Raptor aircraft at Elmendorf Air Force
Base.
| Sponsor Statement |
SJR 4 : NCAA Basketball Preseason Tournaments
Relating to supporting the Great Alaska Shootout, the Top of the World
Classic, and similar preseason basketball tournaments, and requesting that
the National Collegiate Athletic Association reject legislative proposal No.
2000-106.
SJR 5 : NCAA Basketball Preseason Tournaments
Relating to opposition to National Collegiate Athletic Association
legislative proposal 2000-106.
| Sponsor Statement |
SJR 8 : Voting Sites at Military Installations
Relating to supporting polling places at military installations and reserve
component facilities.
| Sponsor Statement |
Past Legislation Archive
21st Legislature
20th Legislature
19th Legislature
18th Legislature
| Top |
District Information
Past District Information Archive
Senator Pearce's Past District Information Page
| Top | Home | Search | Promise | Breaking News | Legislators |
| E-News | Surveys | Research | Talk Back |
The Official Web Site of the House and Senate Legislative Majorities
for the 22nd Alaska State Legislature
To Report Technical Problems or Contact Webmasters:
Ken Erickson?? Bud Curtis |
-----Original Message-----
From: Enron Announcements/Corp/Enron@ENRON [mailto:[email protected]] On Behalf Of Ken Lay - Chairman & CEO@ENRON
Sent: Thursday, September 13, 2001 8:09 PM
To: All Enron Worldwide@ENRON
Subject: Our Response to the U.S. Tragedy
The tragedy of Tuesday, September 11 will serve as an unforgettable reminder to people all over the world of what is truly important and of life's fragility. My heartfelt sympathies go out to the families and friends of all the people whose lives were taken in this senseless and horrific attack. I ask that all of you keep our deceased colleague Nick Humber and his family in your thoughts and prayers. Tragically, Nick, a director with Enron Wind, was on one of the planes hijacked on Tuesday.
To help with relief efforts in New York and Washington, D.C., Enron will make a total contribution of $1 million dollars to be split equally between the American Red Cross and the New York Firefighters and Police Officers Fund.
Many of you have expressed an interest in more personal involvement and I want you to be aware of some of the options available. I encourage you to support those impacted by this tragedy by donating to relief efforts, and to take advantage of our Matching Gift Program to double the impact of your individual donation. Because of the significance of this tragic event, Enron will match your contribution 2 for 1.
How to Help
? Please go to www.easymatch.com/enron. Once there, click on "Disaster Relief" (located in the middle of the top of the page). Please choose from the list of non-profits that are accepting donations to help with this effort. Any donations made to aid with disaster relief will not be counted toward the annual $15,000 Matching Gift limit. You will need your GIS number to do this (it begins with a 9). If you are unsure of your GIS number, please contact the HR GIM helpdesk at 713-853-5666.
? We will have red, white and blue striped ribbons in Houston for employees to pin on their shirts in memory of those who lost their lives, in honor of those who survived, and for their families. Donations to the New York Firefighters and Police Officers Fund and other organizations are being accepted in exchange for the ribbons. Enron will also match these donations. The ribbons are available tomorrow from 9:00 - 11:00 a.m. at the InfoZone, which is located by the down escalator in the lobby. For any other employees who would like to make donations, please go to the above website.
? Enron employees are generously giving blood, and we will continue to work with relief efforts to ensure that employees who want to give, have the ability to do so. If you have questions, call 713-853-6100.
? President Bush has declared Friday a day of "National Prayer and Remembrance," and is calling on Americans to use their lunch breaks to go to places of worship to pray for victims and their families. Following is a list of websites with additional information:
o <http://abclocal.go.com/ktrk/>
o <http://www.chron.com/content/community/religious/>
o If you are looking for a service within walking distance of the Enron building, First United Methodist Church (corner of Main and Clay) and Antioch Missionary Baptist Church will hold prayer services on Friday. First United Methodist Church will have services at 11:00 a.m., noon and 1:00 p.m. Antioch Missionary Baptist Church will have a service at noon.
o If you are interested in attending a service and don't work in this area, please check your local television websites for more information.
? For Houston employees, a citywide candlelight vigil will be held on the steps of City Hall in Downtown Houston at 7 p.m. tomorrow night. Mayor Lee Brown will be speaking.
? At 10:00 a.m. (Central) on Monday, September 17th, in Enron facilities around the world, we will have a moment of silence in memory of those whose lives have been tragically taken. We ask that you put down the phone, turn away from your computer and dedicate a personal moment of silence together with your co-workers.
? We encourage all U.S. based employees to wear red, white or blue shirts on Monday.
For Counseling Assistance
? For employees in Houston, we have an on-site employee assistance counselor in the building that you can reach by calling 713-853-6057. If you are not located in Houston or if you or a family member would prefer an off-site counselor, you can call the 24-hour Employee Assistance Program number 1-800-345-1391.
? Employees outside the U.S. can also contact 713-853-6057 directly. United HealthGroup (Enron's medical network administrator) has provided free access to their National Disaster Line for counseling service to any person. That number is 800-268-1026. We are also working to bring crisis counseling to any work location that has a need.
This is an agonizing time for our nation and it is hard for us all. In addition to the financial and human support we are extending to those in need, it is imperative that we at Enron continue to safely and reliably serve our customers in the U.S. and around the world. We know it is difficult but we must demonstrate on-going stability and strength at Enron, as this will serve as a signal that the ideals upon which America was founded cannot be diminished. Again, our hearts go out to the families and friends of those who have lost loved ones in this tragedy. Please continue to watch your e-mail for more information. |
------------------------------------------------------------------------------
------------------------
W E E K E N D S Y S T E M S A V A I L A B I L I T Y
F O R
March 23, 2001 5:00pm through March 26, 2001 12:00am
------------------------------------------------------------------------------
------------------------
SCHEDULED SYSTEM OUTAGES:
ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
AZURIX: No Scheduled Outages.
EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
EDI SERVER: No Scheduled Outages.
ENRON NORTH AMERICAN LANS:
Impact: CORP
Time: Fri 3/23/2001 at 5:00:00 PM CT thru Fri 3/23/2001 at 5:15:00 PM CT
Fri 3/23/2001 at 3:00:00 PM PT thru Fri 3/23/2001 at 3:15:00 PM PT
Fri 3/23/2001 at 11:00:00 PM London thru Fri 3/23/2001 at 11:15:00 PM
London
Outage: Decommission CORPHOU-02B
Environments Impacted: Corp Logins
Purpose: The SAM size on this DC has increased beyond recommended limits.
There is no real reason for us to keep this DC online anymore.
Backout: Bring back online
Contact(s): Keith Meurer 713-853-1743
Impact: ENS
Time: Sun 3/25/2001 at 3:00:00 PM CT thru Sun 3/25/2001 at 5:00:00 PM CT
Sun 3/25/2001 at 1:00:00 PM PT thru Sun 3/25/2001 at 3:00:00 PM PT
Sun 3/25/2001 at 9:00:00 PM London thru Sun 3/25/2001 at 11:00:00 PM London
Outage: Change VLANS for the EES networks at Ardmore
Environments Impacted: EES
Purpose: Part of the re-design, due to problems with the OC3's
Backout: change vlans back to the old numbers
Contact(s): Scott Shishido 713-853-3780
Impact: ENS
Time: Fri 3/23/2001 at 11:00:00 PM CT thru Sat 3/24/2001 at 12:00:00 AM CT
Fri 3/23/2001 at 9:00:00 PM PT thru Fri 3/23/2001 at 10:00:00 PM PT
Sat 3/24/2001 at 5:00:00 AM London thru Sat 3/24/2001 at 6:00:00 AM London
Outage: Add redundancy to the ETS server network
Environments Impacted: ETS
Purpose: Currently the ETS server network 172.30.10.0 has no redundant links
the the routers. If one switch goes down the entire network goes down.
Backout: none
Contact(s): Scott Shishido 713-853-3780
FIELD SERVICES: No Scheduled Outages.
INTERNET:
Impact: CORP
Time: Sat 3/24/2001 at 11:00:00 PM CT thru Sun 3/25/2001 at 12:00:00 AM CT
Sat 3/24/2001 at 9:00:00 PM PT thru Sat 3/24/2001 at 10:00:00 PM PT
Sun 3/25/2001 at 5:00:00 AM London thru Sun 3/25/2001 at 6:00:00 AM London
Outage: Replace ENRON.COM edge routers
Environments Impacted: Internet
Purpose: Replace hardware with faster processing units. IOS Software upgrade
to remove potential security vulnerability.
Backout: Put existing hardware back in production.
Contact(s): John Shupak 713-853-7943
Bryan Aubuchon 713-345-8446
MESSAGING: No Scheduled Outages.
MARKET DATA:
Impact: Market Data
Time: Fri 3/23/2001 at 6:00:00 PM CT thru Fri 3/23/2001 at 9:45:00 PM CT
Fri 3/23/2001 at 4:00:00 PM PT thru Fri 3/23/2001 at 7:45:00 PM PT
Sat 3/24/2001 at 12:00:00 AM London thru Sat 3/24/2001 at 3:45:00 AM London
Outage: CQG_DDA Upgrade
Environments Impacted: CQG Digital users
Purpose: Enable migration off of Legacy satellite systems.
Backout: N/A
Contact(s): John Sieckman 713-345-7862
NT: No Scheduled Outages.
OS/2: No Scheduled Outages.
OTHER SYSTEMS:
Impact: CORP
Time: Fri 3/23/2001 at 5:00:00 PM CT thru Fri 3/23/2001 at 6:00:00 PM CT
Fri 3/23/2001 at 3:00:00 PM PT thru Fri 3/23/2001 at 4:00:00 PM PT
Fri 3/23/2001 at 11:00:00 PM London thru Sat 3/24/2001 at 12:00:00 AM
Outage: Cleanup CDPD (Air Card) Configuration
Environments Impacted: Corp.
Purpose: Running out of available addresses for air cards. Clean up
configuration on CDPD router/ Change
the method used to translate the aircards IP addresses.
See Change Request # JW918 for IP addresses.
Backout: apply old config
Contact(s): Jon Werner 713-853-6742
Impact: CORP
Time: Fri 3/23/2001 at 5:00:00 PM CT thru Fri 3/23/2001 at 6:00:00 PM CT
Fri 3/23/2001 at 3:00:00 PM PT thru Fri 3/23/2001 at 4:00:00 PM PT
Fri 3/23/2001 at 11:00:00 PM London thru Sat 3/24/2001 at 12:00:00 AM
London
Outage: SysAdmiral Master Server Move
Environments Impacted: Corp
Purpose: This server move is to replace the failed server that occurred last
weekend. The current location for the master machine online is in 3448. Since
it is on a development segment it has to be moved back into the production
area.
We will need only one hour to move the machine since it it is replacing a
1600 with a 1600. Rails and racking can be reused without rewiring anything.
Backout: Rerack in current location.
Contact(s): Rusty Cheves 713-345-3798
Impact: CORP
Time: Fri 3/23/2001 at 5:00:00 PM CT thru Sat 3/24/2001 at 12:00:00 PM CT
Fri 3/23/2001 at 3:00:00 PM PT thru Sat 3/24/2001 at 10:00:00 AM PT
Fri 3/23/2001 at 11:00:00 PM London thru Sat 3/24/2001 at 6:00:00 PM London
Outage: OS and Disk upgrade, patch maintenance and migration to T-3 for
server titania.
Environments Impacted: Oracle development
Purpose: Need for additional storage and improved performance.
Backout: shutdown the system
reconnect the old disks
restore the old OS from tape
Contact(s): Malcolm Wells 713-345-3716
SITARA: No Scheduled Outages.
SUN/OSS SYSTEM: No Scheduled Outages.
TELEPHONY: No Scheduled Outages
TERMINAL SERVER: No Scheduled Outages.
UNIFY: No Scheduled Outages.
------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE
(713) 853-1411 Enron Resolution Center
(713) 853-5536 Information Risk Management
Specific Help:
Unify On-Call (713) 284-3757 [Pager]
Sitara On-Call (713) 288-0101 [Pager]
RUS/GOPS/GeoTools/APRS (713) 639-9726 [Pager]
OSS/UA4/TARP (713) 285-3165 [Pager]
CPR (713) 284-4175 [Pager]
EDI Support (713) 327-3893 [Pager]
EES Help Desk (713)853-9797 OR (888)853-9797 |
Dave
It looks like we hit a home run.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/11/2000
10:18 AM ---------------------------
From: Kevin M Presto @ ECT 07/11/2000 09:54 AM
To: John J Lavorato/Corp/Enron@Enron
cc:
Subject: Bruce
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 07/11/2000
09:47 AM ---------------------------
George Hopley
07/11/2000 09:47 AM
To: Kevin M Presto/HOU/ECT@ECT, Tom May/Corp/Enron@Enron
cc:
Subject: Bruce
Ontario Power Generation and Bruce Power announce leasing agreement at Bruce
Nuclear
KINCARDINE, ON, July 11 /CNW-PRN/ - Ontario Power Generation (OPG) today
announced it has entered into a major agreement with Bruce Power Partnership
relating to the facilities at the Bruce nuclear site. Bruce Power is 95% owned
by British Energy plc. The transaction provides an opportunity for the two
main unions, the Power Workers' Union and The Society of Energy Professionals
on the Bruce site, to subscribe to 5% of the equity.
This public/private partnership involves a long-term lease agreement for
the Bruce A (3076 MW-currently in lay-up), and Bruce B (3140 MW) facilities.
The lease runs until 2018, with an option to extend for up to another 25
years. OPG will receive an initial payment of $625 M to be made in three
installments. A first payment of $400 M will be made on closing subject to
normal closing adjustments. The remaining $225 M will be paid in two
installments of $112.5 M each.
Bruce Power's annual payments include base and variable elements. The
variable elements include a share of the net revenue, and supplementary
payments for the management of used fuel. In total these payments are
estimated to be about $150 M in calendar year 2002.
Bruce Power will offer employment to all employees at the Bruce site,
other than those being retained by OPG. Employees remaining with OPG include
those that provide waste management and centralized nuclear operations support
services. The agreement is expected to close, subject to Bruce Power obtaining
the necessary licences, in the summer of 2001.
"Today's announcement is good news for employees, the community, the
electricity consumer and the shareholder" stated Ron Osborne, OPG President
and CEO. "This agreement injects private equity into the Bruce facilities
which in turn will provide new opportunities for employees and the community.
It is also a major step towards opening the Ontario electricity marketplace to
competition and providing electricity consumers with choice." Osborne noted
that an additional benefit of the agreement allows OPG to concentrate on
accelerating the performance improvements underway at its Darlington and
Pickering nuclear facilities while the new company focuses on the Bruce.
Nuclear safety continues to be of paramount importance for Ontario Power
Generation, and safety has been a key tenet for British Energy. Both companies
are committed to ensuring high safety performance standards.
"We are delighted to be announcing the creation of a new company. Bruce
Power will demonstrate that safety and commercial success go hand in hand,"
said Robin Jeffrey, Chairman and Chief Executive Officer of British Energy
Canada Ltd. "We have a high regard for CANDU technology and for the skill of
the staff at Bruce. We are confident that by working with the staff and the
unions, Bruce Power can achieve world class safety and commercial
performance."
To reduce its market dominance, OPG is required by conditions in its
operating licence granted by the Ontario Energy Board (OEB), to reduce its
share of generating capacity to no more than 35 per cent of that available to
the province 10 years after the market opens.
British Energy was selected following an extensive worldwide competitive
process over the last two years. They have significant operating experience
and a proven safety track record with a range of nuclear reactor types.
To close the transaction, Bruce Power will be required to secure licences
from the Canadian Nuclear Safety Commission (CNSC) and the Ontario Energy
Board. Bruce Power will be required to follow the stringent licensing and
operating requirements established by CNSC, formerly the Atomic Energy Control
Board.
Ontario Power Generation is a major North American electricity generating
company. OPG's principal business is the generation and sale of electricity to
consumers in Ontario and into the interconnected markets. OPG's goal is to be
a premier North American energy company, focused on low-cost power generation
and wholesale energy sales, while operating in a safe, open and
environmentally responsible manner.
British Energy PLC is the UK's largest electricity generator. British
Energy owns and operates 15 reactors in the UK and a further two in the United
States through its joint venture, AmerGen. British Energy's goal is to be a
worldwide electricity leader building on its "Safety First" culture and track
record of commercial success.
BACKGROUNDER INDEX
------------------
Safety:
1. OPG'S COMMITMENT TO NUCLEAR SAFETY
2. BRUCE NUCLEAR - SAFETY IS NUMBER ONE
3. INFORMATION ON CANDU REACTORS
4. EMERGENCY PLANNING IN ONTARIO
Financial:
5. OPG/BRUCE POWER LEASE AGREEMENT
6. NUCLEAR USED FUEL, WASTE MANAGEMENT AND
DECOMMISSIONING
7. CHRONOLOGY OF THE PUBLIC/PRIVATE PARTNERSHIP PROCESS
Employees:
8. WHAT HAPPENS TO EMPLOYEES
Transition:
9. REDUCING MARKET DOMINANCE
10. TRANSITION ARRANGEMENTS
11. NEXT STEPS
General.
12. ONTARIO POWER GENERATION
13. QUICK FACTS ON BRUCE NUCLEAR POWER DEVELOPMENT
SOURCE Ontario Power Generation Inc. |
Wonderful to hear from you. Descriptions of each transaction follow (in blue) below the respective item. Best regards. Steve.
-----Original Message-----
From: Kitchen, Louise
Sent: Wednesday, July 18, 2001 3:00 PM
To: Douglas, Stephen H.
Subject: RE: EWS Tax Department Update
Good report - these are all the deals under the Americas which I know nothing about - what are they?
Thanks
Louise
Panama Trading Office - Had discussions with the Transaction Support group and PWC-Panama regarding Panamanian tax return.
Enron of the Americas is the 100 percent shareholder of a Panamanian trading subsidiary called Enron Capital & Trade Global Resources Corp. ("ECTGR"). Essentially, by transacting through this company and keeping income invested off-shore, Enron is able to avoid payment of taxes on trading income generated by ECTGR. This result, however, requires that ECTGR trade in Panama in a manner that is not taxable (essentially, ECTGR must trade products that are delivered outside of Panama or within Panama inside a free-trade zone). The Panamanian government has requested that we establish that ECTGR's trading income is derived from qualified activity and the EWS Tax Group is, in turn, working with Transaction Support (which books ECTGR's trades under a Services Agreement) and PWC (which files the Panamanian return for us) to properly document things for the government. We are confident that our position with regard to ECTGR will be agreed with.
Project Atlas Tube ("Atlas") - Met with origination team and EWS Reporting and Analysis Tax group to discuss initial deal structure and related tax consequences. Atlas consists of an inventory management strategy whereby an Enron special purpose vehicle will both buy hot rolled coil steel from and resell the same to Atlas Tube, Inc. on a just-in-time inventory basis.
This is a very interesting deal but was misplaced in the report - it should be listed under Enron Industrial Markets. It is similar to the "Huntco transaction" and I would be delighted to send you a transaction chart if it would be of interest. Let me know.
Project Desperado (Velocity III) - Met with Enron Corp. tax and deal team regarding Velocity III transaction and structure. Reviewed and revised transaction agreements and discussed such with Enron Corp. tax and deal team.
This transaction involved the sale of various equity investments that had been made by Enron of the Americas in various companies (most significantly, Catalytica, Advanced Mobile Power Systems and Hanover Compressor) to Whitewing Associates, LP. A total of approximately $205 million was raised in connection with the sale and resulted in positive funds flow for accounting purposes. Whitewing LP is a deconsolidated entity in which Enron possesses an approximate 98 percent economic interest (deconsolidation is achieved, as it has been explained to me, by virtue of Enron sharing voting control with an unrelated person - the Osprey Trust which, in turn, is essentially John Hancock). The sale of these investments, from a tax perspective, resulted in a slight tax gain (approximately, $61 million) that had been previously reserved for for financial reporting purposes.
Project Hartwell and Project Athens Energy Centers - Advised regarding state income, franchise, sales and use taxes relating to construction of power plants in Clark and Hunt Counties in Georgia. Plants to be sold prior to commercial operation.
Enron of the Americas is developing two plants (described as "Simple Power Plants") in Georgia with the intent of selling the plants before they become operational. EWS Tax analyzed the various state and local taxes applicable to the construction of the plants, inputs (i.e., natural gas) to the plants during operations and income resulting from operations. Georgia imposes a sales tax on components used to construct the plants (granting, as well, however, an exemption from such taxes if appropriate tax certificates are acquired), provides a state tax exemption on the purchase of natural gas if it is used to generate electricity (but, otherwise, the local government charges a 3 percent tax on such natural gas) and, finally, taxes income earned by the company generating the electricity (at 6 percent on U.S. federal adjusted net income).
Utiliquest Transaction - Met with deal team to discuss disposition of ENA's 74% interest in Utiliquest LLC. Reviewed unit purchase agreement and met with outside counsel to other unit holders to discuss tax structuring and benefits of using synthetic 338(h)(10) structure.
Utiliquest is an investment in a utility locating company that the Principal Investment Group of Enron of the Americas is selling. EWS Tax helped develop the structure by which the purchaser of the investment will be able to push their purchase price paid for the stock in Utiliquest to the assets of Utiliquest (essentially, this improves the purchaser's after-tax yield (through increased depreciation) without detriment to Enron).
-----Original Message-----
From: Douglas, Stephen H.
Sent: Tuesday, July 17, 2001 8:31 PM
To: Bowen Jr., Raymond; Frevert, Mark; Kitchen, Louise; Lavorato, John; Mcconnell, Mike; McMahon, Jeffrey; Piper, Greg; Shankman, Jeffrey A.; Whalley, Greg
Subject: EWS Tax Department Update
Attached is a summary of the many transactions currently being supported by the EWS Tax Department on behalf of Enron Wholesale Services and its Enron of the Americas, Enron Global Markets, Enron Industrial Markets and Enron Networks businesses. I would be delighted to speak with you regarding any of the listed transactions and can be reached at x30938. Best regards. SHD.
<< File: SDH-EWS Tax Report7_17_011.doc >> |
May 17, 2000
Via Internet
MEMORANDUM
TO: Interested Clients
FROM: John & Hengerer
RE: Commission Meeting -- May 17, 2000
At today's meeting, the Commissioners approved the consent agenda and then
discussed the following items.
ELECTRIC MATTERS
Alliance Companies, et al., Docket Nos. ER99-3144
In December 1999, the Commission issued an order conditionally authorizing
the formation of the Alliance RTO. At today's meeting, the Commissioners
denied (by a margin of 3 to 1, Commissioner Hebert dissenting) rehearing of
the December 1999 order. The Commissioners also unanimously rejected
(Commissioner Massey concurring) Alliance's compliance filing.
In its original filing, Alliance proposed allowing each of its 5 active
owners to retain up to a 5 percent ownership interest in the RTO (up to 25
percent total ownership by active owners). The December 1999 order rejected
this proposal as contrary to the independence principle outlined in Order No.
2000, which states that active ownership should be limited to a total of 15
percent unless special circumstances are shown. Rejecting requests for
rehearing, the majority concluded that Alliance had failed to justify active
member ownership in excess of 15 percent. Dissenting, Commissioner Hebert
argued that (i) the 15 percent benchmark is arbitrary and should not be
viewed as creating a binding legal requirement. and (ii) limiting active
ownership will provide a disincentive for other utilities to join the RTO.
3
The Commissioners also rejected Alliance's compliance filing submitted to
satisfy the terms of the December 1999 order. In addition to failing to
correct the active ownership issue outlined above, the Commissioners faulted
Alliance for not eliminating pancaked rates and for not addressing issues
associated with the RTO's scope and configuration. Commissioner Massey
indicated that he would write a concurrence to stress that Aseams@ agreements
do not negate the need to review the RTO's scope and configuration to ensure
that it is properly designed and sized.
Southwest Power Pool, Docket No. EL00-39
The Commissioners unanimously rejected, as failing to meet the requirements
of Order No. 2000, the Southwest Power Pool's (SPP) RTO proposal.
Commissioner Massey, who moved the item to the discussion agenda, cited the
following shortcomings in SPP's proposal: (i) operational control of
transmission facilities was not turned over to the RTO; (ii) the RTO's
proposed open-access transmission tariff did not comply with Order No. 2000;
(iii) no real-time balancing market had been proposed; (iv) lingering
concerns with the RTO's governance structure; and (v) the RTO's proposed
scope and configuration are inadequate. Commissioner Massey encouraged the
SPP to join other entities seeking to form an RTO, or consider merging with
the Midwest ISO.
Notice of Interim Procedures to Support Reliability and Request for Comments,
Docket No. EL00-75
The Commissioners unanimously approved short-term procedures designed to
address Summer 2000 reliability concerns. The approved measures provide for
(i) streamlining FERC procedures to promote on-site, distributed generation,
(ii) waiving prior-notice requirements for load-reduction agreements, (iii)
improving demand-side price signals, (iv) requiring more extensive OASIS
posting of available transmission capacity; and (v) making Commission Staff
more available to the industry to address reliability concerns. Comments on
the proposed short-term measures are due by June 2, 2000.
Additionally, agreeing that the short-term procedures are very minimal in
nature, the Commissioners requested comments on long-term reliability
issues. Comments are due by June 30, 2000.
Finally, Commissioner Hebert indicated that he would write a separate
concurrence to express his belief that competitive forces are the answer to
reliability concerns and to criticize the Commission for not eliminating
artificial price caps and promoting competitive rates. Commissioner Hebert's
accusation that the Commission was more concerned with politics than good
policy touched off a heated debate, with Chairman Hoecker reciting FERC
successes and Commissioner Massey scoffing at Commissioner Hebert's
suggestion that price caps were to blame for generation shortages.
GAS MATTERS
Regulation of Short-Term Natural Gas Transportation Services, Regulation of
Interstate Natural Gas Transportation Services, Docket Nos. RM98-10, RM98-12
The Commissioners unanimously addressed and generally denied requests for
rehearing of Order No. 637. Finding that Order No. 637 strikes a good
balance between competing interests, the Commissioners indicated that their
order would, with several exceptions, uphold the mandates of the order. The
Commissioners expressly noted that requests for rehearing of
right-of-first-refusal (ROFR) roll-up issues would be denied. Order No. 637
states that, if a pipeline is fully subscribed, a party wishing to exercise a
ROFR will be required to match competing bids, even if a competing bid
exceeds the maximum rate for the capacity.
Revisions and clarifications of Order No. 637 approved by the Commissioners
at today's meeting include:
(1) shippers with multi-year contracts at max rates for seasonal service will
retain their ROFR;
(2) pipelines will be required to post available capacity within one hour of
each nomination cycle, rather than within one day as directed by Order 637;
(3) short-term capacity release transactions must be posted within one hour
of the first nomination under the contract, rather than upon the execution of
the contract as stated in Order No. 637; and
(4) Order No. 637's OFO penalty and imbalance provisions will be clarified in
the Commission order.
Although comments at today's meeting were brief, we anticipate a lengthy
order addressing the numerous issues raised by parties in their requests for
rehearing. |
March 28, 1999
This is the first day of the Kurban Bayram (Holiday of the Sacrifice)
and Istanbul's streets are full of folks in their holiday best.
And blood.
For days cows, lambs, goats, rams, and other big animals, have been
being brought to Istanbul from the countryside. (I read that in Cairo
you could see people bringing their animals in by cab.) Tent cites
(consisting of rickety structures of unlumbered wood and huge plastic
tarps) full of these doomed animals have sprung up under bridges, in
garbage filled lots and along the highways. The city's normal perfume
of car exhaust and coal fumes is now mixed with the heavy smells of the
barnyard.
And, today, the slaughter began.
Pools of blood and rain spotted the pavement in front of my building,
evidence of a recent butchering. On a muddy hillside in one of the
older neighborhoods south of the Halic (Golden Horn) in Eski (Old)
Istanbul, I saw several women, all smiling, surrounding a man vigorously
chopping away at the rib cage of a cow with an ax. The cow's recently
skinned hide was spread out neatly beside them, the rest of the animal
in a heap nearby. I passed three men loading sagging plastic sacks, no
doubt full of the spoils of a recent kill, into the trunk of a car.
(Sorry, but my weak imagination couldn't help but conjure up to images
from Scorcese's "Goodfellas".) By a mosque, three was a lone Ram's head
under a tree. Its snout was pointing upwards, as if thinking about
stretching a neck that was no longer there to the leaves just above it.
On the sidewalk in front of a butcher shop a man, hacking off the skin
of a decapitated lamb, rolled the body back and forth like a water
balloon. A few meters away, a pen full of sheep ate their feed
contentedly from a trough. I looked closely at them, was surprised to
see that they seemed oblivious to the significance of what was going on
right next to them. Mounds of entrails lay in the gutter of one street.
I walked bye the opening of a narrow alley, from which I was assaulted
by a draft bloated with the now unpleasant order of fresh meat. Later,
I watched, with absolutely no idea what it meant, a young man put his
fingers into the blood runoff of one butchering then walk to his car and
wipe it on the license plate.
The Kurban Bayram is an extremely important holiday for Moslems, second
only Ramadon ("Ramazon" in Turkish). It's the time for the hajj ("hac"
in Turkish), or pilgrimage, to Mecca, which all Moslems of any means are
to make at least once in their lifetimes. Here, in Turkey, most folks
get at least two days off work, some the entire week. During the
holiday, throughout the Moslem world, many families buy an entire animal
for sacrifice, using only a part of it themselves, giving the bulk of it
to others, including most importantly the poor. Some play amateur
butcher, but I have been told the vast majority of them have an "expert"
do it. Indeed, the Koran demands that the sacrifice be as quick and
painless as possible.
The holiday itself celebrates the Old Testament story in which Ibrahim
(Abraham to non-Moslems) was ordered by God to sacrifice his son.
Abraham reluctantly agreed, but was given a last minute reprieve and was
allowed to sacrifice a ram instead. It is a powerful story about belief
and faith (and must give animal rightists a few textual problems). I
can see why Moslems have picked the story out as paramount. It
certainly provides an interesting contrast to the New Testament story of
God's sacrifice of his son.
As I walked around Istanbul today I overwhelmed. The city was a
slaughterhouse, full of, for me, somewhat gruesome contrasts. Young
girls in flowered dresses and boys in tiny three-piece suits ran around
the streets laughing and playing games, with blood on their shoes. I
passed a curious boy kicking at some unfortunate creature's stomach,
which had been left on a pile of garbage. I saw a little girl holding
her mother's hand, smiling at me shyly, as her mom picked through a pile
of discarded intestines.
April 5, 1999
My discontent at the sights of the Kurban, I concluded later, was a bit
sanctimonious. Americans eat considerable more meat than Turks, it's
only that in the United States the dismemberment is done quite a bit
more discretely. But why should it be? Isn't it a better, or at least
a lot more honest, to understand what the animal part, and animal,
you're eating looked like when it was still alive (including rippling
muscles, forlorn gaze, and all)? I thought of my canoe trips to Canada,
and how much more meaningful my fish dinner was because I had caught and
cleaned the unlucky critter myself. A sharpening of reality, I think,
is always a good thing (especially in this time when so much of our
"knowledge" and "experience" comes secondhand through the media,
including, I have to reluctantly admit, my beloved books). If our
rituals, often the most powerful means of creating reality-blindness,
can be infused with as much truth as possible, all the better I'd say.
(Then, perhaps, when those flimsy dreams we try to kid ourselves with
disintegrate like pieces of wet toilet paper....)
Today is the five-month anniversary of my arrival here in Istanbul.
It's an amazing thing I've done for myself, I think. I am as close to
totally engaged in my life, and the world around me, as I have ever
been. It will be hard to live any other way again, I imagine.
In the last week and a half, three terrorists here in Turkey succeeded
only in blowing themselves up, much, I suppose, to their martyred soul's
chagrin. I've got to hope that these crazy acts are evidence of the PKK
(or whomever) being on its last legs. There are important elections,
national and local, coming up on April 18th, so we'll probably get a
chance to see just how long those legs are.
Hope all is well. Drop me a line.
Mark-O
______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com |
-----Original Message-----
From: NW on Linux <[email protected]>@ENRON
Sent: Monday, January 14, 2002 6:10 PM
To: [email protected]
Subject: Red Hat no longer sings "When I'm 64"
NETWORK WORLD NEWSLETTER: PHIL HOCHMUTH on
LINUX
01/14/02
Today's focus: Red Hat no longer sings "When I'm 64"
Dear Wincenty Kaminski,
In this issue:
* Red Hat releases version 7.2 for 64-bit processors
* Links related to Linux
* Featured reader resource
_______________________________________________________________
PRODUCT INFO IN ONE CONVENIENT LOCATION!
Heard about a new product launch? Curious to find out if the
features and benefits of this new product will meet your
critical business needs? Network World Fusion's Product Central
section includes all the info you need to make informed
decision about new products and also includes a product finder
function. Check it out at http://nww1.com/go/ad216.html
_______________________________________________________________
Today's focus: Red Hat no longer sings "When I'm 64"
By Phil Hochmuth
Linux distributor Red Hat last week made two announcements that
should make proponents of 64-bit Linux servers happy: it
released Red Hat Linux 7.2 for both the Intel Itanium and
Compaq Alpha processors.
Although Red Hat was previously able to run on Alpha and
Itanium platforms, the software did not take full advantage of
their 64-bit processing power. But version 7.2 for 64-bit
computing includes the newest Linux kernel (2.4.9), with
features such as higher symmetrical multiprocessing scaling and
ext3 journaling file system.
The support for these features, Red Hat says, will allow the
operating system to take better advantage of the Alpha and
Itanium platforms, which can process much larger file sizes and
handle larger address spacing than 32-bit systems.
Red Hat Linux 7.2 includes other enhancements such as improved
USB support, network configuration and user management
applications, plus a firewall configuration program that can be
configured during server setup.
Itanium is the latest iteration of Intel's PC processor, and is
catching on with users who run high-end Web servers and
enterprise-level application. Prior to Itanium, the Alpha was
the big dog among the 64-bit processor platforms. Although
Compaq has said it will phase out its 64-bit Reduced
Instruction Set Computing processor over the next few years,
Alpha systems are still used widely in database and Web
transactions servers in industries such as finance, medical,
and supercomputing research.
_______________________________________________________________
To contact Phil Hochmuth:
Phil Hochmuth is a Senior Writer for Network World, and
a former systems integrator. You can reach him at
mailto:[email protected].
_______________________________________________________________
Register your company on Buy IT, NW Fusion's Vendor Directory
and RFP Center and generate new business quick and easy!
Promote your brand across our network and access millions of
dollars in RFPs. It's the most efficient way to connect with
buyers of IT services. Get listed now!
http://www.nwfusion.newmediary.com/091201nwwprovnwltr2
_______________________________________________________________
RELATED EDITORIAL LINKS
Red Hat releases 64-bit Itanium version of Linux
IDG News Service, 01/07/02
http://www.nwfusion.com/news/2002/0107redhat.html
Supercomputing with Linux on the Alpha
Network World Linux Newsletter, 06/05/00
http://www.nwfusion.com/newsletters/linux/2000/0605linux1.html
Attaining Itanium
Network World Linux in the Enterprise Newsletter, 06/06/01
http://www.nwfusion.com/newsletters/linux/2001/00853814.html
Explore the Alpha Linux Web site
http://www.alphalinux.org
Breaking Linux news from Network World and around the 'Net,
updated daily:
http://www.nwfusion.com/topics/linux.html
Archive of the Linux newsletter:
http://www.nwfusion.com/newsletters/linux/index.html
______________________________________________________________
FEATURED READER RESOURCE
Network World Fusion's The Edge site
Network World Fusion's The Edge is a resource devoted to the
advances in service-provider networks that are shaking up the
old telecom order. In classic Network World fashion, we focus
on the hardware, software and services coming to market - but
this time from the vendors targeting legacy carriers, new
alternative local carriers, ISPs and application service
providers. http://www.nwfusion.com/edge/index.html
_______________________________________________________________
May We Send You a Free Print Subscription?
You've got the technology snapshot of your choice delivered
at your fingertips each day. Now, extend your knowledge by
receiving 51 FREE issues to our print publication. Apply
today at http://www.nwwsubscribe.com/nl
_______________________________________________________________
SUBSCRIPTION SERVICES
To subscribe or unsubscribe to any Network World e-mail
newsletters, go to:
http://www.nwwsubscribe.com/news/scripts/notprinteditnews.asp
To unsubscribe from promotional e-mail go to:
http://www.nwwsubscribe.com/ep
To change your e-mail address, go to:
http://www.nwwsubscribe.com/news/scripts/changeemail.asp
Subscription questions? Contact Customer Service by replying to
this message.
Have editorial comments? Write Jeff Caruso, Newsletter Editor,
at: mailto:[email protected]
For advertising information, write Jamie Kalbach, Director of
Online Sales, at: mailto:[email protected]
Copyright Network World, Inc., 2002
------------------------
This message was sent to: [email protected] |
NOT-SO-GOLDEN STATE
Looks Like a Recession
Economy on the edge
Michael J. Boskin
Sunday, July 22, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/07/22/I
N144927.DTL
California, the world's fifth largest economy, the global capital of
technology and entertainment, is teetering on the brink of a serious
recession.
Unemployment is rising, job creation is falling and respected forecasters are
painting a bleak future for the state.
California is not alone. Nationally, the employment picture is also
troubling. Income is flat. Industrial production has been shrinking for nine
months. Only the mighty consumer has kept the economy going.
The key problem is the slowdown in information technology spending, so
important for California. Once the engine of productivity growth, and the
source of rising standards of living, the double-digit pace of those spending
increases slowed dramatically, beginning in the second half of last year.
Since then, Silicon Valley companies have experienced sales declines of 5 to
10 percent, not calamitous drops, but compared to the 40 percent growth they
had been used to, an enormous gap. Hence these companies have been cutting
back on everything from production to personnel to facilities. The "new
economy," it turns out, is not immune to the basic laws of economics.
Nationally, the most respected "blue chip" private forecasters believe we
will avoid a recession. They see the economy growing just over 1 percent this
year and by 2 to 3 percent next year.
Having been more optimistic for some years, I became more pessimistic last
year, and remain so despite the Federal Reserve's interest rate cuts and the
Bush administration's tax refunds. Whether we skirt the technical definition
of a recession -- two consecutive quarters of negative growth -- will be a
close call. We should see a modest recovery late this year, and a pick-up of
steam in 2002.
The California economy is in for a rougher time, at least in the short term.
And this time -- unlike the early 1990s, when Southern California bore the
brunt of the severe downturn in the defense industry -- the Bay Area will be
hit much harder. While the region grew much faster than the rest of the state
in the '90s, most of the symbols of that growth -- full employment, exploding
property values, shrinking commercial vacancy rates -- are already history.
Workers who just a short time ago were getting BMWs as a signing bonus are
now being laid off.
Statewide unemployment -- 5.1 percent last month -- is likely to increase
another percentage point or more as layoffs continue in high tech and
aerospace. Still -- and here's some good news -- Bay Area unemployment, even
in Santa Clara County, which took a major hit in June, is still below the
statewide rate. In per capita income, the San Francisco and San Jose
metropolitan areas are ranked first and second nationwide, 75 percent above
the national average.
What of the longer term? California faces serious problems, not the least of
which is the energy mess, which has exacerbated the current slowdown. Our
recovery will probably lag several quarters behind the rest of the country.
But the long-term picture is brighter. Information technologies have brought
about permanent productivity improvements and transformed virtually every
major industry in the so-called "old economy." Such enhancements will
themselves result in renewed information technology spending, if not at the
frenetic pace of the late 1990s.
The main concern is whether California will degenerate into an even more
anti-business climate. We are already viewed by the business community as an
overtaxed, over-regulated state. Gov. Gray Davis' rhetoric, and some of his
actions, during the energy debacle have only added to the impression. While
Davis deserves credit for using the bully pulpit to encourage energy
conservation, his demagogic attacks on "outside" energy companies, and the
suggestion that California should go it alone, are not only poor policy
solutions but suggest a degree of economic illiteracy on his part.
His plan to have the state play an expanded role in energy production and
transportation will require the expenditure of billions of dollars. Do we
believe the state government could make those investment decisions wisely,
efficiently and devoid of politics? California would be better off if the
governor got out of the energy business.
The state will also continue to pay for the financial mishandling of the
energy situation. The initial refusal by Davis' appointees on the Public
Utilities Commission to allow utilities to enter long-term contracts worsened
the shortages and sharpened the price spikes. Then, at the peak of the market
frenzy, the governor's office negotiated long term contracts that lock the
state into paying unnecessarily high prices. And by keeping prices to
consumers unrealistically controlled, he has passed the burden for energy
costs on to the taxpayers -- current and future.
With all the problems and missteps, however, there is great reason to be
optimistic about California's economic future. We are still a beacon of
opportunity. We still attract the best and the brightest. We are still the
best incubator of new ideas and businesses.
However, our current woes should remind us not to take economic growth for
granted. With better state policy -- lower tax rates, less regulation,
reforms to improve our schools, and a more efficient energy and
transportation infrastructure -- California will reemerge as the leader of a
strong national economy, providing opportunity, mobility and still higher
standards of living.
Michael J. Boskin was chairman of the President's Council of Economic
Advisors from 1989 to 1993. He is now a senior fellow at teh Hoover
Institution and the the Tully. M. Friedman Professor of Economics at
Stanford. |
Sandra, i have pathed this ticket in unify.
Sandra Dial@ECT
03/24/2000 05:32 PM
To: Chris Germany/HOU/ECT@ECT
cc: Robert Allwein/HOU/ECT@ECT, Joann Collins/Corp/Enron@ENRON, Dick
Jenkins/HOU/ECT@ECT
Subject: Re: Columbia Gas of Ohio on CGAS for Jan 00
Please let me know when completed. Customer is waiting patiently for payment.
Thanks.
Sandra
x5-7213
Chris Germany
03/24/2000 04:32 PM
To: Robert Allwein/HOU/ECT@ECT, Joann Collins/Corp/Enron@ENRON
cc: Dick Jenkins/HOU/ECT@ECT, Sandra Dial/HOU/ECT@ECT
Subject: Re: Columbia Gas of Ohio on CGAS for Jan 00
Since we now feel certain ENA bought this gas on Jan 21st, please path the
supply deal from COH (deal 153863) to one of those large CES deal tickets.
I'm still checking the tapes to see if we can recoup the cost from CES.
Joanne, to the best of your recollection, this gas did go to CES, correct?
---------------------- Forwarded by Chris Germany/HOU/ECT on 03/24/2000 04:26
PM ---------------------------
Sandra Dial
03/21/2000 06:40 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Columbia Gas of Ohio on CGAS for Jan 00
Chris,
Status on this?
Thanks.
S
Chris Germany
03/16/2000 10:26 AM
To: Dick Jenkins/HOU/ECT@ECT
cc: Sandra Dial/HOU/ECT@ECT
Subject: Re: Columbia Gas of Ohio on CGAS for Jan 00
Dick, I don't have this deal in my records as a sale to CES. When you get
back, let's look at your deal sheet and see if there are any notes.
---------------------- Forwarded by Chris Germany/HOU/ECT on 03/16/2000 10:25
AM ---------------------------
Sandra Dial
03/16/2000 08:36 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Columbia Gas of Ohio on CGAS for Jan 00
Can you check with Dick Jenkins on this, please. He was my contact on this.
Thanks man.
Chris Germany
03/15/2000 01:13 PM
To: Sandra Dial/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Robert
Allwein/HOU/ECT@ECT
cc:
Subject: Re: Columbia Gas of Ohio on CGAS for Jan 00
I spoke with Brian at CES . He does not show this deal in his records. I
don't show it in my records either.
Sandra Dial
03/14/2000 11:11 AM
To: Chris Germany/HOU/ECT@ECT
cc: Victor Lamadrid/HOU/ECT@ECT, Robert Allwein/HOU/ECT@ECT
Subject: Re: Columbia Gas of Ohio on CGAS for Jan 00
Yes, I have an invoice. I'll bring to you this p.m (I was out yesterday).
S
Chris Germany
03/13/2000 10:03 AM
To: Sandra Dial/HOU/ECT@ECT
cc: Victor Lamadrid/HOU/ECT@ECT, Robert Allwein/HOU/ECT@ECT
Subject: Re: Columbia Gas of Ohio on CGAS for Jan 00
Do we have an invoice from CGAS of Ohio? I would like to see it if we do. I
don't show any record of a deal like this. I'm going to send an email to my
CES contact to see if he shows anything in his notes about this.
---------------------- Forwarded by Chris Germany/HOU/ECT on 03/13/2000 09:58
AM ---------------------------
Robert Allwein
03/13/2000 08:22 AM
To: Victor Lamadrid/HOU/ECT@ECT
cc: Sandra Dial/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
Subject: Re: Columbia Gas of Ohio on CGAS for Jan 00
Sandra, I just have to get with Chris Germany to see if he can confirm this
deal. I will keep you posted. Thanks, Rob
Chris, Deal # 153683, Please take a look at this and see if you can confirm
that this was Buy/Sell or incremental. CES or EES? I have a supply but no
market. Thanks
Victor Lamadrid
03/10/2000 03:21 PM
To: Sandra Dial/HOU/ECT@ECT
cc: Robert Allwein/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
Subject: Re: Columbia Gas of Ohio on CGAS for Jan 00
Most likely this is an offset to our term sale to CES on CGAS. Chris prepares
CES invoices. I don't know if he is aware of this. Most likely, there is an
offsetting sale that is not in or we need to back off an existing path and
replace with this purchase.
Sandra Dial
03/10/2000 01:33 PM
To: Stephanie Sever/HOU/ECT@ECT
cc: Robert Allwein/HOU/ECT@ECT, Mark Feldman/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT
Subject: Re: Columbia Gas of Ohio on CGAS for Jan 00
Stephanie,
Can you change the year from 2001 to 2000 on the deal, please.
Columbia Gas of Ohio, sitara #153863, purchase.
Mark, If you happen to have any info on who Enron sold the gas to (since
we're buying from Col Gas of OH), let Robert know--meanwhile he's checking
with Robin and Chris on his end so he can path it.
Vic--this is only FYI. Robert's taking the lead on finding out the info he
needs to get this pathed in the system.
Thanks all.
Sandra
x5-7213
---------------------- Forwarded by Sandra Dial/HOU/ECT on 03/10/2000 01:25
PM ---------------------------
Robert Allwein
03/10/2000 10:25 AM
To: Sandra Dial/HOU/ECT@ECT
cc:
Subject: Re: Columbia Gas of Ohio on CGAS for Jan 00
The deal ticket has 2001 on it not 2000. Can you find out who they sold the
gas to. Do you need this pathed and tracked and balanced? - Rob
Sandra Dial
03/10/2000 09:54 AM
To: Robert Allwein/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT
cc:
Subject: Columbia Gas of Ohio on CGAS for Jan 00
Robert/Victor,
Can one of you check into this for me, please (you may also be getting a call
from Mark Feldman from Volume)...
Columbia Gas of Ohio, sitara #153863, flow date 1/21/00, 3,575 mm's. The deal
is in sitara; however, I do not see anything nommed, etc in Unify (like the
deal doesn't exist). Can you check on your end to see if there was some sort
of glitch/error. According to Dick Jenkins, he agrees with the counterparty.
Let me know what you find/fix so I can redraft and pay them. Could it be
booked under another pipe? Call me later. Thanks.
S
x5-7213 |
---------------------- Forwarded by Andrea Ring/HOU/ECT on 01/16/2001 12:49
PM ---------------------------
Michele Winckowski @ ENRON 01/16/2001 09:47 AM
To: Andrea Ring/HOU/ECT@ECT
cc:
Subject: Fwd: FW: Advice on Self-Defense
I THINK THIS IS THE SAME GUY WE HAD IN OMAHA - HE WAS VERY ENTERTAINING WITH
SOLID INFORMATION.
Hi, ladies, I just finished taking the most amazing self-defense
class, sponsored by Shandwick, and I wanted to share some really
valuable info with you before it goes out of my head. The guy
who taught the class has a female friend who was attacked last
year in the parking garage at Westport Plaza in St. Louis one
night after work and taken to an abandoned house and raped.
He started a women's group and began teaching these classes
soon after. This guy is a black belt in karate and trains twice
a year with Steven Segall. He and the others in this group
interviewed a bunch of rapists and date rapists in prison on
what they look for and here's some interesting facts:
The #1 thing men look for in a potential victim is hairstyle.
They are most likely to go after a woman with a ponytail, bun,
braid or other hairstyle that can easily be grabbed. They are
also likely to go after a woman with long hair. Women with short
hair are not common targets.
The second thing men look for is clothing. They will look for
women who's clothing is easy to remove quickly. The #1 outfit
they look for is overalls because many of them carry scissors
around to cut clothing and on overalls the straps can be easily cut.
They also look for women on their cell phone, searching through their
purse or doing other activities while walking because they are off
guard and can be easily overpowered.
The time of day men are most likely to attack and rape a woman is
in the early morning, between 5 and 8:30 a.m. The number one place
women are abducted from/attacked at is grocery store parking lots.
Number two is office parking lots/garages. Number three is public
rest rooms.
The thing about these men is that they are looking to grab a woman
and quickly move her to a second location where they don't have to
worry about getting caught. Only 2% said they carried weapons
because rape carries a 3-5 year sentence but rape with a weapon
is 15-20 years. If you put up any kind of a fight at all, they get
discouraged because it only takes a minute or two for them to
realize that going after you isn't worth it because it will be
time-consuming.
These men said they will not pick on women who have umbrellas,
or other similar objects that can be used from a distance, in
their hands. Keys are not a deterrent because you have to get
really close to the attacker to use them as a weapon. So, the
idea is to convince these guys you're not worth it.
Several defense mechanisms he taught us are:
* If someone is following behind you on a street or in a garage
or with you in an elevator or stairwell, look them in the face
and ask them a question, like what time is it, or make general
small talk, I can't believe it is so cold out here, we're in
for a bad winter. Now you've seen their face and could identify
them in a lineup, you lose appeal as a target.
* If someone is coming toward you, hold out your hands in front
of you and yell Stop or Stay back! Most of the rapists this man
talked to said they'd leave a woman alone if she yelled or showed
that she would not be afraid to fight back. Again, they are
looking for an EASY target. If you carry pepper spray (this
instructor was a huge advocate of it and carries it with him
wherever he goes), yelling I HAVE PEPPER SPRAY and holding it
out will be a deterrent.
* If someone grabs you, you can't beat them with strength but you
can by outsmarting them. If they grab your wrist, pull your wrist
back so your hand is in waving position (palm facing forward) and
twist it toward yourself and pull your arm away. It is hard to
hold onto wrist bones that are moving in that way. They stumble
toward you and you stumble back, so you can use that momentum to
bring the same out and backhand them with your knuckles in the
forehead, nose or teeth.
* If you are grabbed around the waist from behind, pinch the attacker
either under the arm between the elbow and armpit or in the upper
inner thigh. HARD. One woman in a class this guy taught told him
she used the underarm pinch on a guy who was trying to date rape her
and was so upset she broke through the skin and tore out muscle
strands - the guy needed stitches.
Try pinching yourself in those places as hard as you can stand it.
It hurts.
* After the initial hit, always go for the groin. I know from a
particularly unfortunate experience that if you slap a guy's balls
(sorry to be graphic) it is extremely painful. You might think that
you'll piss the guy off and make him want to hurt you more, but the
thing these rapists told our instructor is that they want a woman
who will not cause a lot of trouble.
Start causing trouble and he's out of there.
* When the guy puts his hands up to you, grab his first two fingers
and bend them back as far as possible with as much pressure pushing
down on them as possible. The instructor did it to me without using
much pressure and I ended up on my knees and both knuckles cracked
audibly.
Of course the things we always hear still apply. Always be aware of
your surroundings, take someone with you if you can and if you see
any odd behavior, don't dismiss it, go with your instincts. You may
feel a little silly at the time, but you'd feel much worse if the guy
really was trouble.
Please forward this to any woman you know, it's simple stuff that
could save her life.
- pic06208.pcx
- pic02115.pcx |
Pretty funny.
PL
-----Original Message-----
From: Espey, Darren
Sent: Tuesday, January 15, 2002 9:04 AM
To: '[email protected]'; Clause, Kristen; Hungerford, James; Love, Phillip M.; Thibaut, Dan; Schrab, Mark L.; Lenart, Kirk; Brady, Kevin; Worthing, Ashley; Fowler, Kulvinder
Cc: '[email protected]'
Subject: FW: Fw: Fw: Fw: Very Fine Idea
> > Ever wondered what it would be
>like if Dear Abby were a man?
>
> > > > > >
>
> > > > > > Life could be
>so much simpler (for everyone)!
>
> > > > > >
>
> > > > > >
>
> > > > > > Dear Mr.
>Abby:
>
> > > > > > Q: My husband
>wants a threesome with my best friend and me.
>
> > > > > >
>
> > > > > > A: Obviously
>your husband cannot get enough of you! Knowing
>
> > > > that there
>
> > > > is
>
> > > > > > only one of
>you he can only settle for the next best thing --
>
> > > > your best
>
> > > > > > friend. Far
>from being an issue, this can bring you closer
>
> > > > together.
>
> > > > Why
>
> > > > > > not get some
>of your old college roommates involved too? If you
>
> > > > are
>
> > > > still
>
> > > > > > apprehensive,
>maybe you should let him be with your friends
>
> > > > without
>
> > > > you.
>
> > > > > If
>
> > > > > >
>
> > > > > > you're still
>not sure then just perform oral sex on him and
>
> > > > cook him a
>
> > > > > nice
>
> > > > > > meal while
>you think about it.
>
> > > > > >
>
> > > > > >
>
> > > > > > Dear Mr.
>Abby:
>
> > > > > > Q: My husband
>continually asks me to perform oral sex on him.
>
> > > > > >
>
> > > > > > A: Do it.
>Sperm can help you lose weight and gives a great glow
>
> > > > to your
>
> > > > > > skin.
>Interestingly, men know this. His offer to allow you
>to
>
> > > > perform
>
> > > > oral
>
> > > > > > sex on him is
>totally selfless. This shows he loves you. The
>
> > > > best
>
> > > > thing
>
> > > > > to
>
> > > > > > do is to
>thank him by performing it twice a day, then cook him
>
> > > > a nice
>
> > > > > meal.
>
> > > > > >
>
> > > > > >
>
> > > > > > Dear Mr.
>Abby:
>
> > > > > > Q: My husband
>has too many nights out with the boys.
>
> > > > > >
>
> > > > > > A: This is
>perfectly natural behavior and it should be
>
> > > > encouraged. The
>
> > > > > man
>
> > > > > > is a hunter
>and he needs to prove his prowess with other men.
>
> > > > A night
>
> > > > out
>
> > > > > > chasing young
>single girls is a great stress relief and can
>
> > > > foster a
>
> > > > more
>
> > > > > > peaceful and
>relaxing home. Remember, nothing can rekindle
>
> > > > your
>
> > > > > relationship
>
> > > > > >
>
> > > > > > better than
>the man being away for a day or two (it's a great
>
> > > > time to
>
> > > > > clean
>
> > > > > > the house
>too)! Just look at how emotional and happy he is when
>
> > > > he
>
> > > > returns
>
> > > > > > to his stable
>home. The best thing to do when he gets home is
>
> > > > for you
>
> > > > and
>
> > > > > > your best
>friend to perform oral sex on him. Then cook him a
>
> > > > nice
>
> > > > meal.
>
> > > > > >
>
> > > > > >
>
> > > > > > Dear Mr.
>Abby:
>
> > > > > > Q: My husband
>doesn't know where my clitoris is.
>
> > > > > >
>
> > > > > > A: Your
>clitoris is of no concern to your husband. If you must
>
>
> > > > mess
>
> > > > with
>
> > > > > it,
>
> > > > > >
>
> > > > > > do it in your
>own time or ask your best friend to help. You
>
> > > > may wish
>
> > > > to
>
> > > > > > videotape
>yourself while doing this, and present it to your
>
> > > > husband as
>
> > > > a
>
> > > > > > birthday
>gift. To ease your selfish guilt, perform oral sex on
>
> > > > him and
>
> > > > > cook
>
> > > > > >
>
> > > > > > him a
>delicious meal.
>
> > > > > >
>
> > > > > >
>
> > > > > > Dear Mr.
>Abby:
>
> > > > > > Q: My husband
>is uninterested in foreplay.
>
> > > > > >
>
> > > > > > A: You are a
>bad person for bringing it up and should seek
>
> > > > sensitivity
>
> > > > > > training.
>Foreplay to a man is very stressful and time
>
> > > > consuming. Sex
>
> > > > > > should be
>available to your husband on demand with no pesky
>
> > > > requests
>
> > > > for
>
> > > > > > foreplay.
>What this means is that you do not love your man as
>
> > > > much as
>
> > > > you
>
> > > > > > should -- he
>should never have to work to get you in the mood.
>
> > > > Stop
>
> > > > being
>
> > > > > so
>
> > > > > >
>
> > > > > > selfish!
>Perhaps you can make it up to him by performing oral
>
> > > > sex on
>
> > > > him
>
> > > > > > and cook him
>a nice meal.
>
> > > > > >
>
> > > > > >
>
> > > > > > Dear Mr.
>Abby:
>
> > > > > > Q: My husband
>always has an orgasm then rolls over and goes to
>
> > > > sleep
>
> > > > never
>
> > > > > > giving me
>one.
>
> > > > > >
>
> > > > > > A: I'm not
>sure I understand the problem. Perhaps you've
>
> > > > forgotten to
>
> > > > cook
>
> > > > > > him a nice
>meal.
>
> >
>
>
>
_____
Chat with friends
>online, try MSN Messenger: >href='http://go.msn.com/bql/hmtag1_etl_EN.asp'>Click
>Here
>
>
>__________________________________________________
>Do You Yahoo!?
>Send FREE video emails in Yahoo! Mail!
>http://promo.yahoo.com/videomail/
_____
Send and receive Hotmail on your mobile device: Click Here <http://go.msn.com/bql/hmtag2_etl_EN.asp> |
Greetings everyone,
I thought it would be useful to send you this email as a follow up to the
meeting we had last week with the IPPNY PR Working Group.
Background
As you know our efforts to form a PR campaign as the Empire State Energy
Suppliers fell apart at the end of May. Since then, I have been working with
Sharon Stewart at Brown Olson and Wilson in order to pay SSK for their
services from April 1, 2001 to May 31, 2001. We are waiting for one last
invoice (May expenses) from SSK. Once we receive this invoice, Brown Olson &
Wilson will send a lump-sum payment to SSK. I will get you the total cost of
SSK's services for April/May but $200,000 is an approximate number. This
comes to about $22,000 per each of the 9 companies that participated in the
effort. As you will recall, we each sent $25K to the Escrow account.
IPPNY PR Working Group
Given the high profile of energy issues in NY, and the increasing dialogue
taking place there a coordinated PR effoert can certainly be justified.
Those of us who participated in ESES, whose companies are also members of
IPPNY, met last week in Albany to discuss whether IPPNY would be willing to
expand their PR efforts if we joined forces. (Thanks to all of you who were
able to attend and participate in the meeting). Since last week - Gavin
Donohue, and the IPPNY Board of Directors, have given their full support to
this expanded effort, and we are moving foward with a comprehensive
NY-focused communications effort.
I am working as liaison between IPPNY and SSK, and the following is a summary
of how we are proceeding. A meeting between SSK and Gavin and myself is
scheduled to take place in NYC next week. We intend to cover the following:
We are targeting July 4th as our launch date
A press release will go out explaining IPPNY's 7-point Energy Solutions
Program (ESP) for New York
A Q&A, Fact Sheet and other supporting documents for a press kit will be
reviewed
We will discuss the scheduling of meetings with press outlets and third-party
allies
We will also go over website issues, and other elements of the comprehensive
plan
Essentially, the SSK comprehensive PR plan has been tweaked for IPPNY's
purposes and will be implemented going foward. Given our late start, SSK and
IPPNY have been working extremely closely on all of the above-mentioned
documents so that we can meet a July 4th launch date. However, I don't want
anyone to be out of the loop. It is our intention to provide all of the
members of the IPPNY PR Working Group with the documents prior to launching
on July 4th. The messages are in line with what we agreed to all along as
part of ESES. The difference is that we actually have a spokesperson - Gavin
Donohue.
Budget Issues
This is an extremely important issue and I am appealing to each of you to
respond to me asap regarding the following. As ESES, we agreed to put forth
$50K to our PR effort - with the first $25K going into the Escrow Account
managed by Brown Olson & Wilson. Once SSK is paid for April/May services
there will be some extra money in the Escrow Account. I would like to
proceed as follows - with your approval.
Coordinate with Brown Olson & Wilson and pay SSK for April/May services with
Escrow Account funds
Wire the remaining Escrow Account funds to IPPNY's PR Working Group Account -
also to be coordinated with Peter Brown (if the Escrow Agreement allows), and
with your approval.
Work with IPPNY and have them invoice each of us for the additional $25K
(assuming we are all still in for the original $50K).
Remaining Escrow Account funds + $25K will go toward SSK services going
foward. These funds in addition to the funds that IPPNY has already received
from their PR Working Group members shall cover SSK's work beginning on June
1, 2001 through the extend of the contract.
Additional costs - such as advertising - will have to be considered after we
get the funds deposited into the PR Account and have an idea of how much
we're working with and whether advertising is a possibility.
Enron is willing to contribute additional funds (on top of the $50K) to this
effort if necessary. You and your respective organizations may want to
consider this as well.
IPPNY/SSK Contract Issues
As you may recall, a contract between ESES and SSK was never signed.
Contract discussions took almost 3 months, and SSK continues to work with us
in good faith (considering they still have not been paid a dime). Gavin is
unwilling to sign a contract with SSK until he has funds in the PR Account to
pay for SSK's services. As you can see, we must expedite payment to IPPNY so
that we can launch on July 4th and so that IPPNY and SSK can agree on
contract terms within the next two weeks.
Gavin is reviewing the ESES/SSK contract with IPPNY's lawyers
Once the funds are deposited into the IPPNY PR Account, Gavin will sign a
contract with SSK
We will provide everyone with a copy of the contract if you choose to review
it (although most of you should be familiar with it).
I think this covers the progress we've made since our meeting in Albany.
Please call me if you have any questions about the budget, contract or the
comprehensive plan. I'm interested in you're input so please weigh in with
your comments. Lastly, I want to emphasize that I need your feedback
regarding budget issues asap. I am in Houston all week and can be reached at
the following numbers:
Direct Dial: 713-853-9104
Cell Phone: 713-851-3778
THANKS !!!! |
See the attached. The proceeding certainly isn't over, but I think the
parties have done a great job of submitting a settlement that the Commission
will eventually approve, provided the parties present sufficient evidence to
support such a decision. (Unfortunately, we expect the settlement to be
protested.) Direct testimony is due May 5. To streamline things, the
parties are going to consolidate efforts and have divided up the testimony by
topic. Of course Transwestern got the Hector Road issue. I plan to put Mr.
Fawcett on as a witness. Our issue is not particularly controversial
anymore, so I do not anticipate rigorous cross-examination; nevertheless, I
will probably ask your assistance in preparing the witness for the hearing,
which begins May 30.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 04/17/2000
03:53 PM ---------------------------
Jeffery Fawcett
04/17/2000 03:42 PM
To: Steven Harris/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, [email protected], Jeff Dasovich/SFO/EES@EES
cc: Julia White/ET&S/Enron@ENRON, Tim Aron/ET&S/Enron@ENRON
Subject: GIR settlement
As you know, approximately one year ago Transwestern first learned of a dark
cloud looming on the regulatory horizon in California. The CPUC in its draft
Order on the Gas Industry Restructuring proceeding in May, 1999 listed, among
a variety of "promising options," the institution of Mojave's "Hector Road"
as a commercial receipt point into the SoCalGas system. In fact, the CPUC
held in its "Findings of Fact" with regard to Hector Road that:
- It is unlikely that the market will accurately reflect the value of
transmission resources if SoCalGas were to define its marketable transmission
access in a way that did not include the Hector Road facilities, and
- The failure to provide at least window-style access through Hector Road
has resulted in lost opportunities for bringing relatively inexpensive gas
into Southern California.
The basis for the CPUC finding came from testimony taken during the
proceeding indicating that the use of Hector Road displaces deliveries to the
constrained delivery point at Wheeler Ridge. In other words, whatever could
be delivered by Mojave at Hector Road frees-up space at Wheeler Ridge, a
delivery point many in the marketplace considered more desirable.
As first articulated by SoCalGas in its draft settlement proposal in the
summer of 1999, the Hector Road point would be established as a formal
receipt point into SoCalGas, with rights equal to Transwestern's delivery
point at North Needles. With a meter capacity of 200 MMcf/d, and with the
market's apparent interest in securing additional capacity at Hector Road,
Transwestern was facing the real possibility of losing up to 200 MMcf/d of
access rights into SoCalGas at North Needles. Using an average transport
rate of $0.25/Mcf, the resulting loss in transport revenues would be $19MM
per year.
Through months of [seemingly endless] negotiations, and through an
educational process begun by Transwestern during one of the early settlement
meetings back in September 1999, Transwestern went from a party with a
"bullseye" clearly taped on its back, to a party that other stakeholders were
depending on for a principled solution to these receipt point issues. As it
stands now, the Appendix A to the Settlement Agreement, "Primary and
Secondary Receipt Point Access Rights" is nearly identical to the principles
outlined by Transwestern in that September settlement meeting.
I only re-state the obvious here to remind the group what their hard work has
accomplished. Not only am I proud to see that the resulting Settlement
Agreement filed with the CPUC today treats Transwestern and its shippers
equitably, but I'm proud that the work group we cobbled together for this
effort functioned like a "well oiled machine."
I thank each of you for your efforts to get to this point. We know we've
still got a lot of work to do to gain CPUC approval of this document, but no
matter what happens, we can be proud of what was accomplished here.
---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 04/17/2000
02:49 PM ---------------------------
From: Susan Scott 04/17/2000 02:42 PM
To: "Sullivan, Glen J." <[email protected]>
cc: "'MBD'" <[email protected]>, "'Leslie, John'" <[email protected]>,
"'Elsesser, Evie'" <[email protected]>, "'McCrea, Keith'" <[email protected]>,
"'Pocta, R. Mark'" <[email protected]>, "'Dasovich, Jeff'"
<[email protected]>, "'Beach, Tom'" <[email protected]>,
"'Burkholder, John'" <[email protected]>, "'Amirault, Paul'"
<[email protected]>, "'Alexander, Michael'" <[email protected]>,
"'Chancellor, Craig'" <[email protected]>, "'Dingwall, B.'"
<[email protected]>, "'Douglass, Dan@SES'" <[email protected]>,
"'Fawcett, Jeff'" <[email protected]>, "'Porter, Doug'" <[email protected]>,
"'Rochman, Michael'" <[email protected]>, "'Counihan, Rick'"
<[email protected]>, "'Bayless, David'"
<[email protected]>, "'Paul, Joe'" <[email protected]>, "'Jimison,
John'" <[email protected]>, "'Foss, Robert'" <[email protected]>, "McVay,
Nancy W - TPNWM" <[email protected]>, "'Karp, Joe'"
<[email protected]>, "'Johnson, Pamela'" <[email protected]>,
Steven Harris/ET&S/Enron@ENRON
Subject: GIR settlement
Glen, I'm faxing you Transwestern's signature page and declaration. An
electronic version of the declaration is attached. |
please get on distribution and put on web site. thanks. Jeff
----- Forwarded by Jeffrey A Shankman/HOU/ECT on 02/12/2001 12:56 PM -----
Jez Peters
02/12/2001 12:12 PM
To: Stuart Staley/LON/ECT@ECT, George McClellan/HOU/ECT@ECT, Mike
McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Peter
Bradley/LON/ECT@ECT, Samuel Grossman/LON/ECT@ECT, Pierre Aury/LON/ECT@ECT,
Chris Connelly/LON/ECT@ECT, Riaz Rizvi/LON/ECT@ECT, Manfred
Ungethum/LON/ECT@ECT, Sven Becker/FRA/ECT@ECT, John Moran/LON/ECT@ECT,
Cornelia Luptowitsch/LON/ECT@ECT, Scott Longmore/LON/ECT@ECT, Tiffany
Cochran/LON/ECT@ECT, Elizabeth McCarthy/LON/ECT@ECT, Tom Kearney/LON/ECT@ECT,
Stephen Pirozzi/LON/ECT@ECT, Dimitri Taylor/LON/ECT@ECT, Kenny
Nicoll/LON/ECT@ECT, Lisa Kent/LON/ECT@ECT, Candace Parker/LON/ECT@ECT, Harry
Papadopoulos/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul Mead/LON/ECT@ECT,
Karolina Potter/LON/ECT@ECT, Meindert Witteveen/LON/ECT@ECT, Ulf
Ek/LON/ECT@ECT, Louis Redshaw/LON/ECT@ECT, Niamh Clarke/LON/ECT@ECT, Ivan Van
Niekerk/EU/Enron@Enron, Bruce Chu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shamim
Ali/LON/ECT@ECT, Carrie Southard/LON/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON,
Lenny Hochschild/NA/Enron@Enron, Katrina Bensadon/LON/ECT@ECT, Stephen
Asplin/LON/ECT@ECT
cc:
Subject: Weekly Coal Report
SUMMARY
ATLANTIC
Mixed signals coming from the market at present with Billiton approaching us
to buy FOB stem at RBCT for a cargo each Q2/Q3 and were active for the first
time in a while in the SECA market buying up 2nd half 2001 material.
Meanwhile there remains to be South African resell tonnage coming our way -
predominantly appearing by way of the Spanish utilities who continue to have
excellent hydro levels and ourability to source South African Call Options on
FOB RBCT level with strike of $32.50 seems to question the recent information
that Billitonsold tonnage at $33.25 equivalent into European consumers for
the rest of the year Furthermore for the first time this year we begin to see
Colombian resell material appearing on the market both on a CIF and FOB basis
- probably no coincidence that this comes at a time when some of the steam
seems to have come off the U.S. spot market. Overall the tone seems to be
firmer but with very few new fundamental inputs to fuel this but rather
producer sentiment After weeks of tentatively drifting south the SECA market
traded up a dollar along the whole curve last week. This was really a
consequence of a few looking to buy into a market void of sellers which was
itself is directly a function of peoples unwillingness to further sponsor a
market which has come down some $5 from it's high's. The spot market is now
trading at $40.50 Fob barge Rotterdam, 2nd half of the year at $40.25 and
then 2002 at $39.50.
PACIFIC
Despite the extensive coverage which the Far East seems to be attracting with
regards to economic slowdowns/weakness the Pacificmarket continues to be
tight. The JSM/Producers continue their annual negotiations, but expect to
see few conclusions from these in theshort term as the JSM's continue to
exercise all the options they have to keep the drip feed going and most have
clauses in their contractswhich allow them to carry on shipping material
despite any agreement until September time. Both KEPCO and Lafarge have come
out with tenders for the delivery of coal for prompt shipment - it is
definitely a sign of progress that we are being invited to bid but without
any length with which to play with, going short in front of Glencore and Rio
could be expensive - the plan will be to participate without winning the
business. The Chinese Annual Coal Fair took place over the last cuppla weeks
where contracts for 2001 are negotiated and various sectors lobbyfor their
allocation on infrastructure. The major takeaway's from the meeting were that
total production is estimated at 950 million mt for 2001with exports targeted
at 63 million mt - up 5 million mt from last year. Despite increased export
targets, the sentiment remains bullish with most producers asking between $29
and $31 representing a $3/$4 increase versus 2000 prices. Strong domestic
prices will limit any downside in the export market and while the government
is keen to keep pushing exports there is a general scepticism over the
ability of the rail to move the projected tonnage. We have signed a
Memorandum of Understanding with a producer based in Inner Mongolia (ZCIC)to
market upto 1 million mt per year into the export market - all going well
this will provide us with the necessary length to be able to target business
in the region more aggressively.
GAMEPLAN
We continue to try and take advantage of this mismatch between the origin
markets and the European market by selling out of origin lengthand using the
resell market to pick up tonnage to service our commitments at destination.
We are working several bits of long-term destinationbusiness in the Atlantic
which if successful will serve as a melting pot for any length we have
remaining in that basin and more. We will alsolook to sell into any further
rally in the destination SECA mkt. Despite fundamentals in Asia pointing to a
slowdown in demand the consolidation we are seeing in Australia will
certainly prevent any collapse in prices and short-term expect prices to head
higher than the $30 I wud call FOB Newcastle today. It will be very difficult
for us to get any ammunition for the near-term but we are looking at various
projects which will again give us access to coal further out in the curve and
at the same time are exploring any opportunity to own some optionality to
give us some protection against a continued squeeze further out in the curve.
Best Regards
Jez |
I'm going into a legacy database to pull data and I'm having some problems (ODBC -connection to "rmsprod" failed.). The name of the database is ~ORMSDBS97A. This database was owned by an employee that is no longer with Enron. Problem is that Jeff Gossett's team, Kathy Reeve's team, John Postlethwaite's team, Stacey White's team and Global ops used this database to query for daily reporting regarding traders VAR. Either we need front end that can save query out for front end or we need a similar database for NETCO. I'm neutral, however I think a similar database hook up would be quicker than front end solution.
Also, have Jeff and Stacey been able to create the benchmark report on test portfolio's?
Frank
-----Original Message-----
From: Hare, Bill D.
Sent: Sunday, January 13, 2002 3:40 PM
To: Hare, Bill D.; Sanvido, Terry; Brackett, Debbie R.; Hayden, Frank; Jaquet, Tammy; McLaughlin Jr., Errol; Moorer, Torrey; Rodriguez, Bernice; Sweitzer, Tara; Theriot, Kim S.; Winfree, O'Neal D.; Dupuy, Mark; Gillis, Brian; Heal, Kevin; McKeel, Richard; Reeves, Kathy; Seib, Dianne; Vander velde, Nikole; Anderson, Diane; Bowen, Bob; Campos, Sylvia A.; Garcia, Clarissa; Hilliard, Marlene; Hunter, Larry Joe; Price, Wade R.; Richardson, Stacey; Schrab, Mark L.; Severson, Russ; Spears, Christopher; Sullivan, Patti; Wallumrod, Ellen; Wynne, Rita; Chitradurga, Sundar; Cinelli, Steve; Elwood, Richard; Franks, Shawn; Greig, Iain; Harmon, Kenneth M.; Hunter, Wade; Johnson, Jeff; Nolte, Ron; Ramesh, Ganapathy; Saleem, Aftab; Allen, Thresa A.; Aucoin, Evelyn; Bentley, Corry; Clemons, Amy; Dahlke, Andrea; Denton, Rhonda L.; Evans, Casey; Robinson, Rhonda; Stevens, Mechelle; Pena, Matt; Schomer, Chris; Rao, Ramesh; Henry, Jane Hilburn; Warner, John; Rodriguez, Bernice; Smith, Regan M.
Subject: RE: Estate Testing Sunday
I have confirmed the Customer Number in Global Counterparty is 3000022659.
Bill
-----Original Message-----
From: Hare, Bill D.
Sent: Sunday, January 13, 2002 1:52 PM
To: Hare, Bill D.; Sanvido, Terry; Brackett, Debbie R.; Hayden, Frank; Jaquet, Tammy; McLaughlin Jr., Errol; Moorer, Torrey; Rodriguez, Bernice; Sweitzer, Tara; Theriot, Kim S.; Winfree, O'Neal D.; Dupuy, Mark; Gillis, Brian; Heal, Kevin; McKeel, Richard; Reeves, Kathy; Seib, Dianne; Vander velde, Nikole; Anderson, Diane; Bowen, Bob; Campos, Sylvia A.; Garcia, Clarissa; Hilliard, Marlene; Hunter, Larry Joe; Price, Wade R.; Richardson, Stacey; Schrab, Mark L.; Severson, Russ; Spears, Christopher; Sullivan, Patti; Wallumrod, Ellen; Wynne, Rita; Chitradurga, Sundar; Cinelli, Steve; Elwood, Richard; Franks, Shawn; Greig, Iain; Harmon, Kenneth M.; Hunter, Wade; Johnson, Jeff; Nolte, Ron; Ramesh, Ganapathy; Saleem, Aftab; Allen, Thresa A.; Aucoin, Evelyn; Bentley, Corry; Clemons, Amy; Dahlke, Andrea; Denton, Rhonda L.; Evans, Casey; Robinson, Rhonda; Stevens, Mechelle; Pena, Matt; Schomer, Chris; Rao, Ramesh; Henry, Jane Hilburn; Warner, John; Rodriguez, Bernice; Smith, Regan M.
Subject: RE: Estate Testing Sunday
I have confirmed the Vendor Number in Global Counterparty is 3000024197, we are still waiting for the SAP Customer Job to complete.
Bill
-----Original Message-----
From: Hare, Bill D.
Sent: Sunday, January 13, 2002 9:44 AM
To: Sanvido, Terry; Brackett, Debbie R.; Hare, Bill D.; Hayden, Frank; Jaquet, Tammy; McLaughlin Jr., Errol; Moorer, Torrey; Rodriguez, Bernice; Sweitzer, Tara; Theriot, Kim S.; Winfree, O'Neal D.; Dupuy, Mark; Gillis, Brian; Heal, Kevin; McKeel, Richard; Reeves, Kathy; Seib, Dianne; Vander velde, Nikole; Anderson, Diane; Bowen, Bob; Campos, Sylvia A.; Garcia, Clarissa; Hilliard, Marlene; Hunter, Larry Joe; Price, Wade R.; Richardson, Stacey; Schrab, Mark L.; Severson, Russ; Spears, Christopher; Sullivan, Patti; Wallumrod, Ellen; Wynne, Rita; Chitradurga, Sundar; Cinelli, Steve; Elwood, Richard; Franks, Shawn; Greig, Iain; Harmon, Kenneth M.; Hunter, Wade; Johnson, Jeff; Nolte, Ron; Ramesh, Ganapathy; Saleem, Aftab; Allen, Thresa A.; Aucoin, Evelyn; Bentley, Corry; Clemons, Amy; Dahlke, Andrea; Denton, Rhonda L.; Evans, Casey; Robinson, Rhonda; Stevens, Mechelle; Pena, Matt; Schomer, Chris; Rao, Ramesh; Henry, Jane Hilburn; Warner, John; Rodriguez, Bernice; Smith, Regan M.
Subject: Estate Testing Sunday
I have completed the setup of the two Counterparties with the exception of SAP ID's. I am waiting for the SAP run to complete and will resend this message with the SAP Customer and Vendor Numbers when the SAP job completes.
Bill
I have setup two External Counterparties for the Estate Test today (Sunday) as follows:
1) CP ID#167032
- External Gas/Power 1 (with good credit)
- Address Number 193019
- SAP Customer ID [Bill D. Hare] 3000022659
- SAP Vendor ID 3000024197
- 1 wire will be shared; Partner Bank Niumber 0011
- ERMS Code; EXTERNALGAS1W
- Financial Link
- Power-Houston Link
- Person Contact Link; Test Estate
- Operational Effective Date; 12/01/2001
- Fax Number; 713-646-8876
- Address Roles
ENA
o Financial Invoice, Financial Payment, Financial Confirm
o Natural Gas Physical Invoice, Natural Gas Physical Payment, Natural Gas Physical Confirmation
o Power Financial Invoice, Power Financial Payment, Power Financial Confirmation
o Service Physical Invoice, Service Physical Payment
EPMI
o Power Physical Invoice, Power Physical Payment, Power Physical Confirmation
2) CP ID# 167034
- External Gas/Power 2 (with Bad credit)
- ERMS Code; EXTERNALGAS2PW |
Agree. Would be good to have the utilities' answer in graphic form (17+ RTOs) versus FERC's model on a side-by-side. Discussion of the TCA work on natural markets to support FERC.
Jim
-----Original Message-----
From: Shelk, John
Sent: Thursday, August 23, 2001 8:26 AM
To: Landwehr, Susan M.; Guerrero, Janel; Briggs, Tom; Allegretti, Daniel; Novosel, Sarah; Nicolay, Christi L.; Staines, Dan
Cc: Shapiro, Richard; Steffes, James D.; Robertson, Linda; Fromer, Howard
Subject: RE: Information request
I just wanted to second Sue's motion about the idea of a map to demonstrate the visual and substantive clarity of FERC's Super RTO model. The map could be augmented with information on how those regions come closer to be aligned with actual power needs and flows. I recall attending an EPSA conference for congressional staff soon after I arrived (June or so) which showed the crazy quilt-like map of the then-proposed RTOs that just looked unworkable. The simplicity of the Super RTO model -- combined with some basic power idea -- will be a powerful lobbying tool.
-----Original Message-----
From: Landwehr, Susan M.
Sent: Wednesday, August 22, 2001 6:44 PM
To: Guerrero, Janel; Briggs, Tom; Allegretti, Daniel; Novosel, Sarah; Nicolay, Christi L.; Staines, Dan; Shelk, John
Cc: Shapiro, Richard; Steffes, James D.; Robertson, Linda; Fromer, Howard
Subject: RE: Information request
Janel----as you know, most of the interaction on RTOs that I have had is with the Governors, and more specifically the western govs, so my comments are directed to them, but I think these suggestions could work for other influencers as well.
RTOs are not a readily understandable issue for a governor who has 50-100 issues every week to cover, nor is there a natural constituency that would politically support a governor getting involved, nor is it an issue that they care about---they just want the lights to go on and their voters to have moderate prices and reliability and for the energy crisis to go away if they perceive that it is affecting them. Those that know a little bit about the RTOs are following their incumbent utility lead in opposing a west wide RTO, they are invoking the "states rights" mantra, and they don't want to be in the same playground as California.
I would suggest that we need materials/information (probably a power point of 5-8 pages)as follows:
1 A description of the RTOs and generally what our position is, in plain english, in 3 sentences or less.
2. A minimum of 2 or 3 analogies to a well designed RTO. The analogies need to be fleshed out...ie, cover all objections and questions. The one that comes to mind is Eisenhower and the federal highway system--when/how it happened; who protested and why they were wrong; how great the highway system was for the economy and quality of life, etc. Governors need something they can use as a sound bite and something they understand well to use as an analogy. They do not want to look stupid, and most of them know little about energy, and so we need to give them something very simple to use as their underlying reasoning for supporting our position.
3 Identify and describe only the the 2 or 3 most important, specific issues that we need to see addressed in the RTOs---native load exemption gone/congestion management solutions/timing or whatever Steffes and team identify.
4. Specifically set out what the objections of other parties would be to the governor supporting our position on those 3 issues identified. (this is key in making sure that they trust our information, and it also makes sure that they are prepared to answer the objections) Specifically set out what the answer is to overcome those objections.
5. Provide positive effects of a governor agreeing with the 2 or 3 issues--why he/she should take our position ie better reliability, more transmission or generation will be built if system is truly open, keep them from getting screwed by California, etc.
6. somewhere in here we also need a very simple map so they can visualize what RTOs are.
-----Original Message-----
From: Guerrero, Janel
Sent: Wednesday, August 22, 2001 3:37 PM
To: Briggs, Tom; Landwehr, Susan M.; Allegretti, Daniel; Novosel, Sarah; Nicolay, Christi L.; Staines, Dan; Shelk, John
Cc: Shapiro, Richard; Steffes, James D.; Robertson, Linda; Fromer, Howard
Subject: Information request
Today I contacted our friends at Frontier Economics and at Tabors Caramanis about developing a set of talking points and leave-behinds for future RTO meetings (outside of the mediation process) with Governors, State Legislatures, Utility Commissioners and Members of Congress.
In order to adequately provide us with the materials we need, both firms are interested in getting a better idea of the following:
who (which individuals) are raising concerns about the RTO Concept that FERC/Enron are advocating
what specifically are the arguments these critics are making against the single, mandatory RTO concept?
What are the priority issues that need addressing in your regions? (We'll probably have to develop different documents depending on who we are talking with).
Each of you contacted me this week about wanting to meet with various policymakers in order to address their concerns and deliver our message. Before you schedule your meetings, I think it's important to arm you with materials that can be left behind that summarize and/or outline your arguments for a single RTO. Your feedback is important so PLEASE send me an email by Thursday outlining the feedback you've recently received and topics that you want Frontier Economics and TC to address.
Time is of the essence so please send me whatever thoughts you have so that I can forward to FE and TC.
Thanks! |
-----Original Message-----
From: Enron Announcements/Corp/Enron@ENRON [mailto:[email protected]] On Behalf Of Ken Lay - Chairman & CEO@ENRON
Sent: Thursday, September 13, 2001 9:09 PM
To: All Enron Worldwide@ENRON
Subject: Our Response to the U.S. Tragedy
The tragedy of Tuesday, September 11 will serve as an unforgettable reminder to people all over the world of what is truly important and of life's fragility. My heartfelt sympathies go out to the families and friends of all the people whose lives were taken in this senseless and horrific attack. I ask that all of you keep our deceased colleague Nick Humber and his family in your thoughts and prayers. Tragically, Nick, a director with Enron Wind, was on one of the planes hijacked on Tuesday.
To help with relief efforts in New York and Washington, D.C., Enron will make a total contribution of $1 million dollars to be split equally between the American Red Cross and the New York Firefighters and Police Officers Fund.
Many of you have expressed an interest in more personal involvement and I want you to be aware of some of the options available. I encourage you to support those impacted by this tragedy by donating to relief efforts, and to take advantage of our Matching Gift Program to double the impact of your individual donation. Because of the significance of this tragic event, Enron will match your contribution 2 for 1.
How to Help
? Please go to www.easymatch.com/enron. Once there, click on "Disaster Relief" (located in the middle of the top of the page). Please choose from the list of non-profits that are accepting donations to help with this effort. Any donations made to aid with disaster relief will not be counted toward the annual $15,000 Matching Gift limit. You will need your GIS number to do this (it begins with a 9). If you are unsure of your GIS number, please contact the HR GIM helpdesk at 713-853-5666.
? We will have red, white and blue striped ribbons in Houston for employees to pin on their shirts in memory of those who lost their lives, in honor of those who survived, and for their families. Donations to the New York Firefighters and Police Officers Fund and other organizations are being accepted in exchange for the ribbons. Enron will also match these donations. The ribbons are available tomorrow from 9:00 - 11:00 a.m. at the InfoZone, which is located by the down escalator in the lobby. For any other employees who would like to make donations, please go to the above website.
? Enron employees are generously giving blood, and we will continue to work with relief efforts to ensure that employees who want to give, have the ability to do so. If you have questions, call 713-853-6100.
? President Bush has declared Friday a day of "National Prayer and Remembrance," and is calling on Americans to use their lunch breaks to go to places of worship to pray for victims and their families. Following is a list of websites with additional information:
o <http://abclocal.go.com/ktrk/>
o <http://www.chron.com/content/community/religious/>
o If you are looking for a service within walking distance of the Enron building, First United Methodist Church (corner of Main and Clay) and Antioch Missionary Baptist Church will hold prayer services on Friday. First United Methodist Church will have services at 11:00 a.m., noon and 1:00 p.m. Antioch Missionary Baptist Church will have a service at noon.
o If you are interested in attending a service and don't work in this area, please check your local television websites for more information.
? For Houston employees, a citywide candlelight vigil will be held on the steps of City Hall in Downtown Houston at 7 p.m. tomorrow night. Mayor Lee Brown will be speaking.
? At 10:00 a.m. (Central) on Monday, September 17th, in Enron facilities around the world, we will have a moment of silence in memory of those whose lives have been tragically taken. We ask that you put down the phone, turn away from your computer and dedicate a personal moment of silence together with your co-workers.
? We encourage all U.S. based employees to wear red, white or blue shirts on Monday.
For Counseling Assistance
? For employees in Houston, we have an on-site employee assistance counselor in the building that you can reach by calling 713-853-6057. If you are not located in Houston or if you or a family member would prefer an off-site counselor, you can call the 24-hour Employee Assistance Program number 1-800-345-1391.
? Employees outside the U.S. can also contact 713-853-6057 directly. United HealthGroup (Enron's medical network administrator) has provided free access to their National Disaster Line for counseling service to any person. That number is 800-268-1026. We are also working to bring crisis counseling to any work location that has a need.
This is an agonizing time for our nation and it is hard for us all. In addition to the financial and human support we are extending to those in need, it is imperative that we at Enron continue to safely and reliably serve our customers in the U.S. and around the world. We know it is difficult but we must demonstrate on-going stability and strength at Enron, as this will serve as a signal that the ideals upon which America was founded cannot be diminished. Again, our hearts go out to the families and friends of those who have lost loved ones in this tragedy. Please continue to watch your e-mail for more information. |
---------------------- Forwarded by David M Gagliardi/TTG/HouInd on
08/31/2000 01:38 PM ---------------------------
"Michael Gagliardi" <[email protected]> on 08/31/2000 01:10:56 PM
To: [email protected], [email protected],
[email protected]
cc:
Subject: True Orange Fax/E-Mail #81
---------------------- Forwarded by Michael
Gagliardi/Hou-ComOps/EnergyTrading/PEC on 08/31/2000 01:19 PM
---------------------------
[email protected] on 08/31/2000 12:30:43 PM
To: [email protected]
cc: (bcc: Michael Gagliardi/Hou-ComOps/EnergyTrading/PEC)
Subject: True Orange Fax/E-Mail #81
Several of you sent me e-mails saying you did not get last night's
scrimmage
report e-mail, so here it is again for everybody. If you already have it,
sorry for gumming up your mail box.
Jerry
True Orange Fax/E-Mail Service
Volume 8, Fax/E-Mail #81, Wednesday, August 30, 2000
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone
512-795-8536
Horns Have Final Public Scrimmage Before Huge Crowd
Coach Mack Brown put the Longhorns through a short, but spirited scrimmage
Wednesday night in Royal Memorial Stadium before an enthusiastic crowd UT
officials estimated at about 7,500.
With the first-team defense sitting out most of the scrimmage, the offenses
dominated most of the way. Chris Simms hit 5 of 8 passes for 144 yards,
including a 5-yard touchdown pass to freshman sensation Roy Williams, who
had
set up the score with a great catch of a 50-yard Simms' throw, and a
67-yard
TD pass to WR Montrell Flowers off a fake reverse.
The first-team offense also scored on a two-yard run by TB Victor Ike,
after
starting TB Hodges Mitchell set it up with a 50-yard gallop.
But QB Major Applewhite led the second-team offense to two touchdowns,
hitting 10 of 13 for 173 yards, including scoring tosses of 70 yards to the
other sensational freshman WR, B. J. Johnson, and 15 yards to senior
Brandon
Healy. Applewhite's TD pass to Johnson was a short screen up the middle and
Johnson just ran away from all the pursuit. Starting safety Greg Brown
intercepted one of Applewhite's throws on the second-team's first
possession.
Brown still wouldn't give any hint about who will be his starting QB in the
season opener next week, but did say both QBs played well. Brown also said,
"I was really pleased with the wide receivers. I thought they made some
steps
in running better routes and making the tough catches."
He also said Ike is clearly the No. 2 TB behind Mitchell at this point.
Redshirt freshman Ivan Williams had a great spring, but has not been
dominating during the current practices. He also has had some nagging
injuries. Brown said Ike, the fastest of the tailbacks, has been doing well
in practice. "Victor has been doing the best since he's been here," Brown
said. "He is doing much better without the ball (blocking) than he has in
the
past."
* * * *
Defensive coordinator Carl Reese, who has nine starters back, says he is
feeling better about his new defensive ends. "I've got four guys I think
can
play," Reese said. "Cory Redding and Jermain Anderson are the starters, and
Kaelen Thornton has really been doing a good job. He just keeps getting
better, so he'll be the first backup for Anderson, and Cole Pittman has had
three solid scrimmages in a row, so he'll be the guy behind Redding. I
think
all four of them will play a lot, and they're the four main ones right
now."
Thornton, a true freshman, is one of the larger DEs at about 6-3, 270, but
Reese said he is "pretty quick out there. He gets a good rush from the
edge,
and that's what we like. He also is learning to do a better job against the
run."
He said Pittman, who was moved over from tackle to provide better run
support, "has been doing a good job against the run, and he's a pretty good
pass rusher, too. I think we'll be okay with those four guys as soon as
they
get a little more experience."
* * * *
Brown said the team will have one more open practice and it will be
Thursday
at 3:30 at Denius Field. Then he plans to give the team three days off to
try
to let the players recover from the grueling two-a-day workouts. The team
will go back to work Monday to get ready for the Saturday opener at 11:30
a.m. against Louisiana-Lafayette.
* * * *
INJURY UPDATE: Brown said OT Mike Williams suffered a twisted leg in the
scrimmage, but he said he didn't think it was serious.
* * * *
RECRUITING NOTES: The Longhorns still have 13 commitments. DE Eric Hall,
6-3, 225, 4.5, of Clarksville, Tenn., who will take his official visit to
Texas the Sept, 9 weekend, rushed 10 times for 102 yards and completed 5 of
7
passes for 106 yards and two TDs to lead his team to a 34-0 victory over
Springfield Friday in the season opener for both teams. He plays QB and
safety, but said he didn't play any defense after the first half. . . DT
Tommie Harris of Killeen Ellison, says Texas is still his top team, and he
said he will come to the Louisiana-Lafayette game Dec. 9. "I really like
what
Mack Brown has been doing since he came to Texas," Harris said.
* * * *
My next fax will be whenever events warrant.
The True Orange Fax Service includes at least 99 faxes a year and costs
$99 ($79 by E-Mail). The True Orange Newsletter includes 26 newsletters
and
is published weekly during football season and twice monthly during most of
the other months. It costs $45. Save by subscribing to both for $130 (or
$110
if you take the faxes via E-Mail or $99 if you take the faxes and
newsletter
via E-Mail). Send check to address at the top of page. I also update my
900 number
- 1-900-288-8839
- frequently with recruiting news. My E-Mail
address is: [email protected] |
The Austin Group Energy, L.P.
Monthly Newsletter
Let's describe a typical and recurring nightmare for generating unit
operators. It's noon on August 15, temperatures have reached the upper 90s
all week; you're well into your reserve margin to serve native load, when a
unit trips off line. Do you scramble to find replacement power at record
high prices and worry about the consequences later? Or, have you prepared
for this event?
When the degree of risk has not been quantified, fear of the unknown can
lead to restless nights, and understandably so. The financial implications
can be astounding when a unit outage occurs during a period of high spikes
in market prices.
How does this relate to the recruitment and hiring of talent within your
shop? Allow me to bring the story together. What would you do if your top
employee came to you and said, "You've been great to me and I've learned
alot, but I just accepted a job at your level right down the road and they
like me so much they want me to start tomorrow." Do you spring into 911 mode
or are you ready for this day.
Start a relationship today with The Austin Group Energy. We will keep you
aware of all available talent in your market area. These candidates are
currently employed and do not answer ads. They stay in touch with
opportunities through us to ensure confidentiality. Why would Top 5
marketing companies pay us for the recruitment and placement of over 400
successful hires when they could hire them on their own. The smart and
proactive companies understand how to outpace the pack when it comes to
hiring talent, they call The Austin Group Energy.
THE FOLLOWING CANDIDATES ARE AVAILABLE FOR IMMEDIATE OPPORTUNITIES:
Ref# 00012123
Power Options Trading Desk
This PhD candidate is responsible for long term derivatives
trades/structures (Asian options, heat rate options, weather/power
derivatives structures, swing options etc.)
Ref# 00012124
Rotational Program- Risk Analytics
This MBA Finance candidate is analyzing/evaluating structured transactions
and derivative instruments. Has developed a VBA-based delta-adjusted risk
exposure model for all asset management groups. Designed intermediate-term
forward power curve forecasting model based on gas forward curve. Created
Visual Basic Monte Carlo simulator for Excel for option analysis.
Ref# 00012125
Quantitative Analyst
This M.S. in Applied Mathematics candidate builds short term models
necessary to forecast/schedule usage on a portfolio basis, by various levels
of aggregation (e.g. region, congestion zone, weather zone, customer, etc.)
Constructing statistical and econometric models to accurately predict
seasonal customer usage based on rate class, calendar and geographic climate
patterns.
Ref# 00012126
Quantitative Analyst - Manager
This candidate developed and implemented two Value-At-Risk (VAR) methods for
Natural Gas. Developed and implemented models for pricing and hedging exotic
natural gas options (Gas Daily and Peaker). OpenLink experience with VaR and
mark-to-market calculations.
Ref# 00012127
Director Derivatives Trading and Portfolio Management
Developed Nymex and locational options, position risk management model.
Evaluated and assisted in the process of selecting and implementing a new
real time front and back office financial system with VAR capabilities.
Structured deals for marketers using embedded financial products and traded
natural gas options and fixed for float swaps. Priced and hedged advanced
options and swaps such as swaptions, asians, extendibles, expandibles, and
spread options.
Ref# 00012128
Risk Control Analyst
Support Origination and Trading activities by providing daily mark-to-market
values and VaR reports through accurate and timely entry of financial
transactions into RMS system. Maintain database for RMS system and
Integrated Commodity Trading System (ICTS) for entry of financial trades.
Ref# 00012129
Risk Manager
Responsible for all mid-office trader support functions. Responsibilities
include daily senior management position and P&L reporting, process
improvements, system implementations, structuring of originated
transactions, and rollout of an operational analysis plan.
Ref# 00012130
Senior Commercial Analyst: Pricing and Structures
Developing model to incorporate basis and transportation into gas fuel costs
utilized in mark-to-market valuation of a gas-fired generation asset.
Determined market value of regional power by confirming the marks estimated
by the trade desk against independent broker prices. Forecasted resulting
previous day's trade-to-market figure for preliminary valuation of book
value.
Ref# 00012131
Director - Risk Management
Analyze financial markets and advise physical traders of hedging and trading
opportunities. Analyze market, secure management approval of trading
strategies and execute financial trades. Generate position reports for
upper management.
Ref# 00012132
Risk Management Specialist
Perform risk management functions for the gas trading organization,
including daily position and P&L reporting. Ensure deal validation and
perform problem resolution for executed trades. Create daily VaR estimates
for both cash and term traders.
Ref# 00012133
Risk Analyst
Determine market value of regional power, confirming the market values
estimated by trade desk against prices set for independent brokers.
Forecast resulting previous day's trade-to-market figure for preliminary
valuation of book value. Participate in daily Value at Risk calculations,
exception reporting for daily variances, updating of daily price curves, and
updating proprietary models which value long term transactions.
Paul Johnson
President- TAGE
Ofc (281) 600-8145
Mbl (281) 814-3886
Visit our Website
http://www.austingrp.com
- Paul Johnson.vcf |
---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/07/2001
08:54 AM ---------------------------
Ray Alvarez@TRANSREDES
02/07/2001 07:42 AM
To: Richard Shapiro@Enron
cc:
Subject: Dave Barry's thoughts on CA's electrical storage
Rick, thought you might enjoy this alternative theory on the root cause of
Cal's problem. Ray
---------------------- Forwarded by Ray Alvarez/TRANSREDES on 02/07/2001
09:39 AM ---------------------------
Steve Hopper
02/07/2001 08:47 AM
To: Ricky Lynn Waddell/SA/Enron@Enron, John Novak/SA/Enron@Enron, Laine A
Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peter E Weidler/NA/Enron@Enron,
Ray Alvarez/TRANSREDES@TRANSREDES, Doug Farmer/TRANSREDES@TRANSREDES
cc:
Subject: Dave Barry's thoughts on CA's electrical storage
Feb. 2, 2001, 8:06PM
The rest of us should tell California to go fly a kite
By DAVE BARRY
When we consider the serious electricity shortage in California, our
reaction, as concerned Americans, is: Ha ha!
No, seriously, we are alarmed. Because history teaches us that whatever
happens to California -- smog, road rage, tofu, coffee that is mainly air,
cell phones, the belief that abdominal muscles are attractive, Shirley
MacLaine, people taking in-line skating seriously, grandmothers sporting new
and flagrantly inappropriate bosoms -- eventually happens to the rest of the
nation. Thus it is vital that we analyze the California electricity shortage
and see if we can develop a workable solution before we become bored and
change the subject.
Our first question is: What, exactly, is electricity? When we look in our
Microsoft Encarta encyclopedia, we see that "electricity" is defined as a
"class of physical phenomena resulting from the existence of charge and from
the interaction of charges." What does this mean, in lay-person's terms?
It means that whoever wrote the Microsoft Encarta encyclopedia is a big, fat
dope. Because we know from our junior-high-school science training that
electricity is actually a fast-moving herd of electrons, which are tiny
one-celled animals that can survive in almost any environment except inside
a double-A battery, where they die within minutes.
Electrons are formed when clouds rub together and become excited. This was
proved in the famous experiment wherein Benjamin Franklin flew a kite during
a thunderstorm and was almost killed. Encouraged by this success, Franklin
went on to conduct many more electrical experiments, including rolling a
hoop in a thunderstorm, playing hopscotch in a thunderstorm and doing
somersaults in a thunderstorm.
Finally one night he was caught wearing only a bonnet and playing Mister
Pooter Rides the Pony in a thunderstorm, leaving the authorities with no
choice but to arrest him and make him ambassador to France. Nevertheless,
Franklin had proved an important scientific point, which is that electricity
originates inside clouds. There it forms into lightning, which is attracted
to the earth by golfers.
After entering the ground, the electricity hardens into coal, which, when
dug up by power companies and burned in big ovens called "generators,"
turns back into electricity, which is sent in the form of "volts" (also
known as "watts," or "rpm" for short) through special wires with birds
sitting on them to consumers' homes, where it is transformed by TV sets into
commercials for beer, which passes through the consumers and back into the
ground, thus completing what is known as a "circuit."
But enough technical talk. The problem is that California is running out of
electricity. The situation is so bad that in some hospitals, they don't have
enough electricity to power those electric-shock paddles that get people's
hearts started again; instead, the doctors and nurses have to hold hands,
scuff their feet across the carpet in unison, then shout "CLEAR!" as they
touch the patient's chest.
Who is responsible for California's electricity shortage? You could blame
the power companies; or you could blame environmental wackos; or you could
blame the entertainment industry, which uses more than 750 billion watts of
electricity per day just to blow-dry the hair of the cast of Dawson's Creek;
or you could blame (why not?) the Firestone tire company. But you would be
wrong. Because obviously the real cause of the California electricity
shortage is: college students.
I base this statement on widespread observation of my son, who is a college
student, and who personally consumes more electricity than Belgium. If my son
is in a room, then every electrical device within 200 yards of that room --
every light, computer, television, stereo, video game, microwave oven, etc.
-- will be running. My son doesn't even have to turn the devices on; they
activate themselves spontaneously in response to his presence.
Now take my son and multiply him by the number of college students in
California, which according to my research is (EDITOR: Please insert number
of college students in California) and you see my point, which is (EDITOR:
Please insert my point).
The question is: What can the rest of us do to help our fellow
countrypersons in California? The answer is that we can send them our spare
electricity. Just imagine what would happen if all the households in this
great and generous nation got out their extension cords and connected them
together, forming a giant electrical "chain of helping" across the fruited
plain to the Golden State! Millions of people would be turned into generous
smoking lumps of carbon, that's what. So maybe we should go with Plan B.
This involves building a really, really, really big kite.
Knight-Ridder Tribune |
------------------------------------------------------------------------------------------------------
W E E K E N D S Y S T E M S A V A I L A B I L I T Y
F O R
May 11, 2001 5:00pm through May 14, 2001 12:00am
------------------------------------------------------------------------------------------------------
SCHEDULED SYSTEM OUTAGES:
ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
AZURIX: No Scheduled Outages.
EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
EDI SERVER: No Scheduled Outages.
ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages
ENRON NORTH AMERICAN LANS:
Impact: EES
Time: Sat 5/12/2001 at 1:00:00 PM CT thru Sat 5/12/2001 at 5:00:00 PM CT
Sat 5/12/2001 at 11:00:00 AM PT thru Sat 5/12/2001 at 3:00:00 PM PT
Sat 5/12/2001 at 7:00:00 PM London thru Sat 5/12/2001 at 11:00:00 PM London
Outage: Move vlans for EES in Enron Building
Environments Impacted: EES in Enron Building
Purpose: Provide more capacity to the network
Backout: paste in old configs
Contact(s): Gail Kettenbrink 713-853-4524
Michael Huang 713-345-3201
FIELD SERVICES: No Scheduled Outages.
INTERNET: No Scheduled Outages.
MESSAGING: No Scheduled Outages.
MARKET DATA: No Scheduled Outages.
NT: No Scheduled Outages.
OS/2: No Scheduled Outages.
OTHER SYSTEMS:
Impact: Corp, OTS, ETS
DATE: MAY 15, 2001/2/2001 at 5:30:00 PM
Outage: Migrate DSS Server to GTHOU-APPSQ03P
Environments Impacted: DSS users will not be able to access the old server (ENEDS01_ADAPT)after this date
Purpose: The existing server is outdated, migrating to SQL 2000 provides increased
functionality and conforms to database platform requirements.
Backout:
Contact(s): Mary Vollmer 713-853-3381
Joe Hellsten 713-853-7346 713-545-4164
Impact: CORP
Time: Fri 5/11/2001 at 8:00:00 PM CT thru Sat 5/12/2001 at 10:00:00 PM CT
Fri 5/11/2001 at 6:00:00 PM PT thru Sat 5/12/2001 at 8:00:00 PM PT
Sat 5/12/2001 at 2:00:00 AM London thru Sun 5/13/2001 at 4:00:00 AM London
Outage: CPU replacement on server sennacca.
Environments Impacted: RMS
Purpose: Replace faulty CPU that is offline.
Backout: Restore server to old configuration.
Contact(s): Malcolm Wells 713-345-3716
Impact: CORP
Time: Fri 5/11/2001 at 5:00:00 PM CT thru Fri 5/11/2001 at 5:15:00 PM CT
Fri 5/11/2001 at 3:00:00 PM PT thru Fri 5/11/2001 at 3:15:00 PM PT
Fri 5/11/2001 at 11:00:00 PM London thru Fri 5/11/2001 at 11:15:00 PM London
Outage: Decommission of the following servers: intra, intra-dev, conman1, aserv1, ardent, dbadmin
Environments Impacted: Corp
Purpose: Server no longer used. The servers will be decommissioned or redeployed where necessary.
Backout:
Contact(s): Malcolm Wells 713-345-3716
Impact: CORP
Time: Sat 5/12/2001 at 2:00:00 AM CT thru Sun 5/13/2001 at 5:00:00 PM CT
Sat 5/12/2001 at 12:00:00 AM PT thru Sun 5/13/2001 at 3:00:00 PM PT
Sat 5/12/2001 at 8:00:00 AM London thru Sun 5/13/2001 at 11:00:00 PM London
Outage: Resource and OS upgrade to server fracture.
Environments Impacted: Global company RMS ECM
Purpose: An OS upgrade is needed to provide the disk upgrade solution. Additionanl memory is needed as well.
Backout: Attach the old disk solution and reboot to old configuration.
Contact(s): Malcolm Wells 713-345-3716
Impact: ENA
Time: Sat 5/12/2001 at 10:00:00 PM CT thru Sat 5/12/2001 at 10:15:00 PM CT
Sat 5/12/2001 at 8:00:00 PM PT thru Sat 5/12/2001 at 8:15:00 PM PT
Sun 5/13/2001 at 4:00:00 AM London thru Sun 5/13/2001 at 4:15:00 AM London
Outage: Bounce PWRPROD1 database
Environments Impacted: Enpower User
Purpose: Change some configuration to improve database performance
Backout: Use the old parameter file.
Contact(s): Tantra Invedy 713 853 4304
SITARA: No Scheduled Outages.
SUN/OSS SYSTEM: No Scheduled Outages.
TELEPHONY:
Impact:
Time: Sat 5/12/2001 at 10:00:00 PM CT thru Sun 5/13/2001 at 1:00:00 AM CT
Sat 5/12/2001 at 8:00:00 PM PT thru Sat 5/12/2001 at 11:00:00 PM PT
Sun 5/13/2001 at 4:00:00 AM London thru Sun 5/13/2001 at 7:00:00 AM London
Outage: Quarterly Maintenance - Telephone System
Environments Impacted: All
Purpose: Quarterly maintenance. While voicemail nodes are being serviced (one box at a time), a slight disruption will be experienced.
Messages will continue to be stored but will not be delivered until each node of voicemail is back up and operational.
CMS call center management reporting will not be availalble during this time.
Backout:
Contact(s): Cynthia Siniard 713-853-0558
TERMINAL SERVER: No Scheduled Outages.
UNIFY:
Impact: CORP
Time: Fri 5/11/2001 at 6:00:00 PM CT thru Fri 5/11/2001 at 7:00:00 PM CT
Fri 5/11/2001 at 4:00:00 PM PT thru Fri 5/11/2001 at 5:00:00 PM PT
Sat 5/12/2001 at 12:00:00 AM London thru Sat 5/12/2001 at 1:00:00 AM London
Outage: Memory replacement for server electron.
Environments Impacted: Unify Users
Purpose: Replace faulty memory module.
Backout: Get new memory if necessary
Restart server with out memory as last resort
Contact(s): Malcolm Wells 713-345-3716
-----------------------------------------------------------------------------------------------------------------------------
FOR ASSISTANCE
(713) 853-1411 Enron Resolution Center
Specific Help:
Information Risk Management (713) 853-5536
SAP/ISC (713) 345-4727
Unify On-Call (713) 284-3757 [Pager]
Sitara On-Call (713) 288-0101 [Pager]
RUS/GOPS/GeoTools/APRS (713) 639-9726 [Pager]
OSS/UA4/TARP (713) 285-3165 [Pager]
CPR (713) 284-4175 [Pager]
EDI Support (713) 327-3893 [Pager]
EES Help Desk (713)853-9797 OR (888)853-9797 |
Thank you for keeping us in the loop on this. D&B data will become one of
our most important sources. As you suggest, the intent is to use this data
along with other available date to generate a price for credit. The price
will be published externally (likely for a fee and as a free service) via the
web or via automated processes.
Option 3 appears to be the best solution for us given our desire for as up to
date data as possible. Stuart is working with the credit team to define
additional data elements but the credit score and financial score are likely
what we are looking for. Alternatively, if it is possible to obtain the
actual data that is used to generate the score that would allow us to
generate our own score in addition to D&B's. We will need the Global Failure
Score as well. Currently we are active in Europe as well as the US and
expect to move towards Asia and Austrailia over time. Hopefully, this data
is available via D&B Connect.
Another consideration is the term of contract. We would likely prefer a
longer term contract so that if they decide they don't like what we are doing
with the data, we cannot be cut off. Does it make sense from your
perspective to approach D&B to be our long term, strategic providor of
customer data. This would likely make their deal maker look good in his
boss's eyes, give you lot's of negotiating ability and give a us the long
term preferential contract that we are looking for.
Let's discuss further.
bryan
Mary Solmonson
05/05/2000 19:25
To: John Sherriff/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT
cc: Philippe A Bibi/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Stuart
Ffoulkes/LON/ECT@ECT
Subject: Dun & Bradstreet Info for Credit Trading
I have received preliminary information from D&B. I think several
issues/questions have been raised that if explored, could result in a better
solution for the money.
Option 1
The update frequency for our current file can be improved from quarterly to
monthly for a cost of $87,000 (USD) through March, 2001.
Option 2
I wasn't sure what specific data in the file you might be interested in. If
you are particularly interested in the Financial Stress Score and Credit
Score, for example, there are multiple alternatives :
2a) Keep quartlery refresh of base data (party name, etc) and refresh scores
that are added/changed on a monthly basis. Cost - $1.17(USD) per
record. Note that there are 575,000 records in the file currently
with financial and credit scores, making this potentially a very expensive
alternative
(575,000 X 1.17=$ 672,750).
2b) Batch or FTP updates of the financial and stress scores can only be
provided monthly. D&B is working on a solution that would provide a
weekly update to their customers in a batch or FTP manner, but has
not committed to when this will be ready. Therefore, if more timely updates
than monthly are desired, it is also possible to
transactionally access records one at a time using D&B's software. The cost
for this is extremely high at $10.52 (USD) per score.
Option 3
D&B Connect Product.
D&B Connect is a tool set of matching software, an externally validated
reference file, credit and marketing information, and D&B services that
enables the most effective integration of customer information and
third-party information with D&B information. Only this type of process and
information integration capability can facilitate and ensure accurate
identification, linkage and maintenance of your customer's complete
relationship. In addition, D&B Connect assures organizations of
referential integrity by providing an automated and electronic link to D&B so
that the most recent D&B information is always transmitted to your
organization and updated within your local D&B Connect Reference File. D&B
Connect is scalable.
Cost Typically ranging from
* Customer Access Module (CAM) Batch- - $25,000
* CAM Online - $50,000
* Full Information Integrator - $350,000 + data
With more specifics as to your needs, this option should perhaps be pursued.
Questions/Issues
1) D&B had questions regarding the use of their data and whether Enron
customers would be offered this information for a fee or free. I explained
that I did not feel the data would be offered directly to Enron customers,
but that it would be used to support analysis that would be available
externally via web site, etc. All pricing above is based upon this
understanding. If I have not portrayed the usage correctly, it will be
imperative to get a better understanding before final pricing can be
negotiated.
2) Are there specific data elements that you are interested in ?
Alternatives may vary by data element. Financial Stress Score and Credit
Score reference above were explored as an example.
3) What is timeframe for needing a solution ?
4) Financial Stress Score and Credit Score are only available on U.S.
companies. A comparable measure - Global Failure Score (the liklihood of
default or bankruptcy) is available for international companies. This
rating score however, is NOT currently available via a batch or FTP manner.
This could result in additional cost if we wish to pursue obtaining this
score in a batch manner.
5) Pricing also varies whether the information is to be used for credit
analysis or risk management decisions versus for marketing purposes. This is
probably negotiable as the data is the same. The thought process is that if
the repository is used for credit or risk decisions, D&B will see decreased
usage and revenue on a transactional basis by the credit departments.
If you would like me to follow up further, please give me a call at
713-853-6079. |
FYI
-----Original Message-----
From: Dernehl, Ginger
Sent: Friday, November 16, 2001 2:45 PM
To: Shapiro, Richard
Subject: Government Affairs Organization Announcement
With the announcement of Enron's acquisition by Dynegy behind us, and with the initial severance process completed, it seemed an appropriate time to effect some organizational changes so that we as a group are better prepared to meet the challenges of the future. Before I turn to the organizational changes, I would like to say a few words about those who will be leaving the company as a result of the initial severance (you'll know who they are by their absence on the organizational chart): Leading and being a part of this group has been a privilege?I am thankful for every day that I have had that responsibility and thankful for however long I continue to have the responsibility. This sense of privilege and thankfulness is primarily driven by having had the opportunity to get to know and care about such a dedicated group of professionals and support staff and who, to a person, are also very decent and good people. To say good-bye to some of our colleagues is not easy. I want to, on behalf of all of us, thank them for their hard work, their integrity, their decency, and the good times and laughter that we shared. I trust that many of us will find ways to sustain friendships that have been and will continue to be very special. Thanks to each of you who are leaving for all you have done.
As to the organizational structure, it has become increasingly apparent to me that the existing organization, with a mix of groups organized along functional and regional lines (particularly within the U.S.), has impeded our ability to get things done in the most efficient fashion at times. The need to rationalize the organizational structure, in order to consolidate all U.S. energy functions, is a strong need from my perspective. As a result, Jim Steffes will lead the U.S. Energy group along with Sue Nord, who will jointly report to Jim and myself. Sue will assist Jim in the leadership of the group and take on project management responsibilities as warranted to help Jim shoulder a significant burden. Also reporting to Jim will be a leadership group for U.S. Energy that will be as follows: Wholesale Electricity will be led by Christi Nicolay; Retail Electricity and Natural Gas will be led by Harry Kingerski; Wholesale Gas will be led by Leslie Lawner. Last, but not least, Jeff Dasovich and Sue Mara, who will continue to focus on California energy issues, will report to Jim. (Sue Mara will also be part of the Wholesale electricity team).
Steve Montovano, who will continue to report to me, will lead a commercial development effort along with Dan Allegretti.
With the elimination of the regional groups, I also recognize that there is a need to continue to focus on how we as a group address our political/legislative needs across the U.S. Paul Kaufman will lead a small group that will address that need and that will focus on state political support. Paul will also take the lead for Government Affairs in support of corporate development efforts across the U.S.
Much of the rest of the group remains the same. Linda Robertson will continue to lead the Washington group with Sarah Novosel, who reports to Linda, taking the lead role in our coordination of activities at FERC. Amr Ibrahim will continue to lead the support of the Global Assets group and also continue to manage the Risk Analytics function. Maggy Huson will take over support of the non-energy business units, which are as follows: Global Markets, Industrial Markets, Networks, and Broadband. Rob Hemstock will continue to lead the support of Enron Canada. Paul Dawson, who heads up government affairs for Europe; Sergio Assad, who heads up government affairs for South America; and Mike Grimes and Mark Crowther, who head up our Asian efforts, will continue to jointly report to the business units and myself.
I am also forming a North American leadership group for Government Affairs to provide policy guidance for the larger group and the company. That Committee will consist of Rob Hemstock, Maggy Huson, Amr Ibrahim, Paul Kaufman, Harry Kingerski, Leslie Lawner, Steve Montovano, Christi Nicolay, Sue Nord, Sarah Novosel, Linda Robertson, Jim Steffes and myself. We will also continue to have an RCR Committee that will consist of Maggy Huson, Harry Kingerski, Sue Nord, Linda Robertson, Jim Steffes & myself. Finally, I am forming a Dynegy/Enron regulatory approvals working group that will consist of Jose Bestard, Paul Dawson, Paul Kaufman, Sue Nord, Sarah Novosel and myself.
No organizational structure or set of organizational changes is either perfect or permanent. I believe these changes will make us better and more prepared for the future. However, we must be prepared to further adjust as the future unfolds for the company.
One final note: I am deeply sorry that each of you has had to live through this uncertain and troubled period for the company. We are all saddened by the recognition that we are in the midst of changes that will leave our group fundamentally altered, but we must resolve to do our best for each other and ourselves during this period of change to ensure that what emerges, for those of us who do remain a part of the new Dynegy, reflects the excellence and integrity that has characterized our group. Personally, I will do all I can, for as long as I can, to steer the group through this to the very best place possible. Your continued dedication and support is very much appreciated. Hang in there and thanks. |